Well! You are here that’s probably because you are searching for the best penny cryptocurrency to invest in. To your surprise, let us tell you that you’re definitely not alone. Most crypto investors, especially those who are always on the hunt to find low-cost investment options, find penny cryptos as the best investments with big growth potential.
The crypto market is not the only place where people invest in low-cost assets. Penny stocks are already popular investment options, but they are usually risky and not advised for novice traders. However, cryptocurrency is very different from stocks, and some penny cryptos could be worth looking into.
Finding the best penny cryptocurrency to invest in isn’t an easy task, as there are not just hundreds but thousands of options to choose from. That's why we have done the research for you and compiled a list of the best penny cryptos to invest in 2023.
But before we move to our main topic, let’s first understand what penny cryptocurrencies actually are.
You probably know what money is. You use it to buy stuff like groceries, gas, or books. Money can be coins, bills, or cards. But did you know that there is another kind of money that you can't see or touch? It's called cryptocurrency.
You probably have heard about popular cryptocurrencies like Bitcoin, Ethereum, and more. But the crypto market is not limited to just 2 or 3 crypto coins but thousands. While these popular cryptocurrencies are priced at thousands of dollars, there are some cheaper options for low-risk investors i.e. penny cryptocurrency.
Penny cryptocurrencies are like penny stocks. They are very low-priced, particularly less than a dollar or penny. However, they are extremely volatile and can go up or down a lot in a short time. Sometimes, they can make you a lot of money. Other times, they can make you lose all your money.
Therefore, penny cryptocurrencies are not for everyone. They are for investors who like to take chances, and who want to support new and exciting ideas on the internet. But they are not for people who want safe and fixed returns on their investments.
As you have understood what penny cryptocurrencies are all about, let’s move further to have a look at some must-to-invest in penny cryptos in 2023. Below we have compiled a list of some best penny cryptocurrency to invest in 2023.
We know finding the best penny crypto is both time and effort-consuming. However, we have done the hard work for you and researched the market to come up with a curated list of the best penny cryptocurrencies to invest in 2023.
Bitcoin Minetrix ($BTCMTX) is a crypto project based on the Ethereum blockchain that offers a new way to mine Bitcoins (BTC), without the hassle and trouble that usually comes with it.
The $BTCMTX coin costs only $0.011 stacked and generates Bitcoin cloud mining credits. These credits are then exchanged for BTC by burning them. The more tokens that are burned, the more BTC earned.
This makes Bitcoin mining less complicated and less harmful to the environment. Today, Bitcoin mining equipment is very expensive (not counting the electricity bills) and it needs a lot of skill and resources to do it, without losing money.
But this penny crypto project lets you mine BTC indirectly through an Ethereum system. The mining is done through a single dashboard that lets you burn, withdraw, and stack tokens.
A mobile app is also coming soon to work with the main dashboard. This lets anyone enjoy Bitcoin rewards. This is a completely new method of Bitcoin mining that anyone in the world can use, with only a $10 initial investment.
You don't need to download any other software other than Metamask wallet to connect to the page where you can buy the token at first.
The price of the penny crypto will go up to $0.0119 in the last stage of the presale. There are 10 stages in total, with price increases at each stage, so investing early will give you more benefits.
DigiToads is a 1000x crypto 2023, meaning it has the potential to offer 1000 times the returns on your investment. It is a top penny crypto pick in 2023, with a current value of less than a dollar. This ERC-20 token has impressed the crypto community with its exciting features and ambitious roadmap.
DigiToads has a rich and immersive ecosystem. The web3 gaming platform lets users train and compete with digital toad pets, offering fun and profitable rewards. The top 25% of players get a generous 50% share of the prize funds, while the rest of the community gets 10%, creating a stimulating environment for gamers and investors alike.
Besides, DigiToads offers a lively NFT marketplace where users can buy, sell, and stake unique NFTs. These non-fungible tokens have both artistic and monetary value, giving investors a chance to join the booming NFT market while earning passive income through staking.
DigiToads also stands out by deviating from the conventional meme coin tokenomics structure. With a hyper-deflationary design, this distinctive DeFi token has a limited supply of only 585 million $TOADS.
Furthermore, it uses an automated burning mechanism, burning 2% of $TOADS with every transaction. This approach not only makes the token scarcer over time but also boosts its value. As the presale goes on, DigiToads has shown remarkable demand.
With the current price at $0.036, it is worth noting that it will rise at each following presale stage, finally launching at $0.055.
Given the huge adoption and widespread recognition of this top ICO, it is very likely that a bullish rally will follow after launch, possibly pushing the price above the $1 mark.
Stellar (XLM) is one of the best penny cryptocurrency to invest in right now, as it stands out from other cryptos with its unique platform that enables fast, cheap, and reliable transfers of digital assets across the world.
The network was created by Jed McCaleb in 2014, a famous name in the crypto world who also co-founded Ripple. Stellar has a special architecture and purpose. It makes cross-border payments and micro-transactions easy and affordable, solving the old problems of traditional banking systems.
It lets people make, send, and swap digital versions of any kind of money – crypto, dollars, pesos, unlocking the global economic potential by providing more liquidity.
Stellar’s own cryptocurrency, Lumens (XLM), works as a connector for transactions involving different currencies. It has fast settlement times (2-5 seconds), and the network’s own decentralized exchange allows for automatic transactions between any kind of asset an issuer adds. It also protects the network from spam, as it needs small amounts of XLM for transaction fees and minimum account balances.
With its current price around $0.1108 (as of October 2023), Stellar Lumens (XLM) is a lucrative investment option for cryptocurrency investors, especially those who are into the “penny crypto” market. The low price of XLM makes it available to a broad range of investors, from experienced ones to beginners who want to try out the crypto market.
Fetch.ai is an innovative project that combines blockchain and artificial intelligence to create a new kind of digital economy. Fetch.ai imagines a future where self-governing agents can perform complex economic activities without human intervention, forming a distributed network of value exchange.
Its platform is based on a scalable sharded ledger and enables smart contract functionality to create and manage multi-agent systems powered by AI. One of the unique features of Fetch.ai is its self-sufficient economic agents. These digital beings can work on any device or service and can do things like providing data or offering services for their owner.
The agents use the native FET token to interact on the Fetch.ai network, adding value and supporting the network’s functions. Given the increasing importance and relevance of AI across various sectors, Fetch.ai has a lot of potential.
Its decentralized way of doing AI and machine learning could open up a new market for data and digital services, improving efficiency and productivity. As of May 2023, the FET token is trading at around $0.24, which makes it an affordable investment for anyone interested in the cryptocurrency space.
Given the rising global demand and adoption of AI solutions, there’s a possibility for significant value appreciation, placing FET among the top crypto assets currently worth less than $1.
Tron is a DeFi project that uses blockchain technology to build a global and free platform for digital content entertainment. It was founded by Justin Sun in 2017 and aims to challenge Ethereum by becoming a decentralized web infrastructure.
Tron allows users to share digital content easily and affordably, giving them an edge over other platforms. It can process 2,000 transactions per second, which is much faster than Bitcoin and Ethereum. This makes it appealing for developers who want to create applications on the network.
Moreover, users can also create their own tokens on Tron, similar to how Ethereum has ERC20 tokens. Tron’s network is powered by its native token, TRX, which is used for transactions and governance. TRX holders can vote for the network’s super representatives, who are responsible for maintaining the network and making decisions. This gives Tron a democratic aspect that empowers its users.
Tron has been gaining momentum in the past few months. Investors are optimistic about its potential and its price has been increasing steadily, reaching around $0.07. This makes it the best penny cryptocurrency to invest in that could offer high returns.
IBAT is a versatile token that operates on the Binance Smart Chain network following the BEP-20 protocol. It is a store of value for various items, entities, avatars, etc. on the gaming platform.
The IBAT token allows users to enjoy all the benefits of the Battle Infinity ecosystem. The IBAT token bridges the gap between conventional gaming and the Metaverse/Blockchain by integrating both.
The IBAT token architecture and execution make the user experience smooth and effective, eliminating obstacles to entry around usability.
If you want to know where to buy Battle Infinity at the current price, the best cryptocurrency exchanges for trading in Battle Infinity stock are MEXC and PancakeSwap v2 (BSC) right now.
TG Casino ($TGC) is a new project that has launched its presale with a hard cap of $5 million and a token price of only $0.125. The presale has already attracted over $150,000 on the first day, indicating the high demand and excitement for this innovative idea. TG Casino ($TGC) is not just another crypto casino. It is the first and only one that operates entirely on Telegram, the popular messaging platform.
By using Telegram as the interface, TG Casino ($TGC) eliminates the need for any KYC verification or extra software installation. All you need is a Telegram account and some crypto to start playing and earning. TG Casino ($TGC) is fully legal and licensed by the Curacao government, ensuring security and fairness.
But that’s not all. TG Casino ($TGC) also rewards its users with generous incentives. The most obvious one is the whopping 3,395% APY yield that you can get by staking your tokens. You can start earning staking rewards right away, even during the presale. Moreover, as a token holder, you also benefit from the casino’s profits.
Launchpad XYZ is the best penny cryptocurrency to invest in 2023. The token has attracted many investors with its vision of simplifying the Web3 crypto space. The project aims to provide a comprehensive solution for both individuals and businesses who want to invest in NFTs and cryptos.
The platform is based on the Ethereum blockchain and offers a smooth and seamless experience for NFT and crypto investing. Launchpad XYZ has developed a wide range of tools and services for this purpose, which are accessible from its easy-to-use dashboard.
According to the whitepaper, some of the tools available on the dashboard are a presale market for cryptocurrencies, a gaming hub where users can earn by playing, a library of metaverse experiences, a Web-enabled crypto wallet with advanced features, and a market for fractionalized assets.
In addition to these features, Launchpad XYZ will also launch the “Launchpad Quotient”, a unique rating system for NFTs and cryptos. The Launchpad Quotient will use hundreds of data points to calculate a single number that helps investors evaluate an investment’s potential.
The platform is powered by LPX, Launchpad XYZ’s native token. Users need to have LPX to pay for transactions and access certain features on the platform. They can also stake LPX to earn a steady passive income.
Scorp Token ($SCORP) is a digital currency that powers the Scorpion Casino platform, where you can play casino games and bet on sports events. You can stake your tokens to get passive rewards or use them to get more benefits on the crypto gambling platform.
As a $SCORP holder, you can enjoy up to 40% of free credits on various casino games. Scorpion Casino has a wide range of games from top providers like Evolution, Novomatic, and Netent. You can also place bets on live sports matches through a sportsbook.
The sports betting platform covers more than 30 sports betting markets, such as Soccer, Basketball, Boxing, and MMA. Scorpion Casino uses 20% of its operating profits from the sportsbook to buy back and burn $SCORP tokens, reducing the supply and increasing the value.
You can also stake your $SCORP tokens to earn daily passive income from a staking pool. The pool is funded by a 10% tax on all sell transactions, of which 2% goes to the pool. $SCORP is now on presale for only $0.016 per token.
The presale has already raised more than $1m. After the presale is over, $SCORP will be traded on exchanges for $0.05 per token.
Pikamoon is a game that lets you earn money while having fun. The game has its own coin, $PIKA, which you can buy now at a low price of $0.0006 per coin. The presale is in its last stage, and it has already collected nearly $4 million.
If you buy $PIKA now, you will also get a free Pika NFT, which is a unique character that you can use in the game. You can customize your character and go on quests with it. You can also challenge other players and win more coins.
Pikamoon is not just a game, it’s a whole new world powered by blockchain technology. That means $PIKA and Pika NFTs are valuable assets that you can trade or sell. You can use $PIKA to get better items and NFTs, which will make you stronger and more successful in the game.
The game is set in the amazing land of Dreva, where you can meet the mystical Pikamoons. The project has a clear vision and a plan to achieve it. The roadmap shows the progress and the future goals of the project. The presale is almost over, but there is still a lot to look forward to.
The Pikamoon team has done a great job of communicating with the community and keeping them updated on the project’s development through their Telegram group.
Investing in penny cryptocurrencies can be a good decision for some investors, but it also involves a lot of risks and challenges. But always remember where there are risks, there are immerse rewards. Therefore, investing in Penny cryptocurrencies depends entirely on your decision and risk-taking abilities.
Below are some situations that will clarify your confusion about whether you should invest in penny cryptocurrency or not.
Investing in penny crypto will bring along several benefits and rewards that include -
While penny crypto has emerged as a lucrative investment option in 2023, you should not overlook its drawbacks.
Investing in penny cryptocurrencies can be a good decision for some investors who are willing to take high risks and seek high rewards. However, it is not suitable for everyone and requires careful research, due diligence, and risk management.
Investors should only invest what they can afford to lose and be prepared for the possibility of losing their entire investment or winning what they don’t even expect.
Above, we have presented a list of some best penny cryptocurrency to invest in 2023. Consider reviewing our list once before investing in such volatile assets and make a more informed decision.
While it is impossible to say which crypto will explode 1000x in 2023, there are a few that promise stellar returns. These include Fetch.AI (FET), InQubeta (QUBE), and the meme coin Shiba Inu (SHIB).
As per our analysis, TRON (TRX) will likely boom in 2023. The token is currently priced at $0.088.
Some possible cryptos that would explode are Ripple, Cardano, and VeChain. They have innovative features and strong partnerships.
Some potential Bitcoin competitors are Ethereum, Litecoin, and Algorand. They offer faster, cheaper, and more scalable solutions.
You can buy penny cryptocurrencies from various online platforms, such as Coinbase, Binance, and Kraken.