11 Best Penny Crypto to Invest in 2024

With the ever-rising interest in Web3 and digital assets, new projects are emerging daily, presenting a consistent pipeline of new opportunities and investment strategies for crypto investors.

Investing early is the key to getting the most value from these opportunities, but with thousands of projects in the crypto market across different blockchains, finding the right project can be like searching for a needle in a haystack. With that in mind, we present this guide to finding the best penny crypto to invest in for 2024.

This page was updated in April 2024 to remove outdated coins and add WienerAI and Mega Dice Token.

Our list of the best oenny cryptos to invest in for 2024

1. Dogeverse (DOGEVERSE): Top multi-chain meme coin has raised $825K within a single day of presale.
2. WienerAI (WAI): New dog-themed meme coin using AI to enable a predictive, user-friendly crypto investment platform.
3. Sealana (SEAL): New meme coin built on the Solana blockchain. $230K raised since the presale launched.
4. Mega Dice Token (DICE): New crypto casino aiming to be the number-one GameFi project on Solana. Players can choose from over 4,000 games and more than 50 sports.
5. 5th Scape (5SCAPE): Virtual reality gaming crypto ecosystem. Get discounts on VR products with $5SCAPE.
6. 99Bitcoins (99BTC): New learn2earn crypto platform offers token rewards and access to VIP groups.
7. Sponge (SPONGE): A revamp of Sponge V1, which achieved a 100x run. New meme coin supports P2E gaming.
8. Smog (SMOG): A trending meme coin launched on Solana, get 42% airdrops and high staking yields.
9. eTukTuk (TUK): Sustainable crypto builds EV charging stations for TukTuk drivers. Over $2M raised in presale.
10. Dogecoin (DOGE): Created as a joke in 2013 by two engineers, Dogecoin is one of the oldest meme coins.
11. Shiba Inu (SHIB): Shiba Inu continued the dog-themed craze in the crypto market when it launched in 2020.

Our in-depth reviews of the top penny cryptos of 2024

We will now list our picks for the best penny cryptos to invest in. Read on to explore which crypto coins under a penny could be ripe for explosive growth.

1. Dogeverse (DOGEVERSE): Multi-chain meme coin offers huge staking APYs, can explode ahead of doge day 

We have picked Dogeverse ($DOGEVERSE) as the best penny cryptocurrency in 2024. This is a multi-chain meme coin that offers huge staking benefits. 

While the Dogeverse presale has already raised more than $825K in a single day, the hype surrounding Doge Day is expected to increase the token’s demand. Dogeverse takes the edge over other Doge-themed meme coins, as it is the first to allow token holders to navigate across six blockchains. 

Therefore, Dogeverse is building an interconnected universe for Doge lovers. Depending on your preferred attributes, you can connect to Dogeverse with blockchains that offer high security, fast transaction speeds, and low gas fees. 

Currently, this penny crypto is priced at $0.00029 during its initial presale stage. 30 billion of a total 200 billion token supply is being offered for the presale. The presale hard cap target is set at $17 million. 

Demand for the presale also grows due to Dogeverse’s huge staking benefits. $DOGEVERSE tokens can be staked on the smart contract to generate up to 1,600% in annual yields. In no time, nearly 1 billion tokens have been locked on the smart contract. 

To stay updated with this penny cryptocurrency, go through the Dogeverse whitepaper and join the Telegram channel. 

2. WienerAI (WAI): Dog-themed crypto meets “AI-enhanced” trading

Capitalizing on hype is often a recipe for success in the crypto world, and WienerAI ($WAI) is covering all bases with a dog-themed meme token boasting AI capabilities.

Sporting a Daschund as its mascot, this ERC-20 project claims to bring a range of AI-enabled capabilities, including AI-enhanced trading, seamless swaps and zero fees. $WAI’s artificial intelligence features also make it “infinitely upgradable”, according to the project whitepaper.

Beyond this, WienerAI also boasts a powerful staking model, with 1,243% estimated rewards on offer. So far, more than 800 million $WAI have been staked, with over 600 million $WAI distributed in rewards.

The developers have also outlined an ambitious project roadmap. Notable inclusions are the gradual expansion of the Sausage Army (the WienerAI community) and the official launch of the WienerAI trading bot.

The total supply of $WAI amounts to 69 billion. The tokenomics breakdown is as follows: 30% = presale; 20% = staking; 20% = community rewards; 10% =DEX/CEX liquidity; 20% = marketing.

Find out more by visiting the official WienerAI website.

3. Sealana (SEAL): New Meme Coin Built on the Solana Blockchain, $230K Raised 

The next top penny cryptocurrency to invest in 2024 is Sealana ($SEAL). This is a new meme coin, built on the Solana blockchain. 

At the time of writing, $SEAL is available to purchase through the presale campaign. For just 1 SOL, you can earn 6,900 $SEAL tokens. Therefore, 1 $SEAL token costs just 0.000144 SOL. To join the presale, interested investors can transfer SOL to the following crypto wallet address – DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c. 

In only a few days since the presale launched, Sealana has raised more than $237K. This new meme coin takes inspiration from the ‘World of Warcraft Guy,’ the popular South Park character. The central figure of Sealana features an obese and lazy seal, looking similar to the South Park character. 

In recent times, new Solana meme tokens have been offering soaring returns. Therefore, this new penny crypto could also be a potentially profitable investment opportunity. To learn more about this meme coin, join the Sealana Telegram channel and follow Sealana on X (Formerly Twitter). 

To stay updated with this penny cryptocurrency, go through the Dogeverse whitepaper and join the Telegram channel. 

4. Mega Dice Token (DICE): Aiming to become the #1 Solana GameFi platform on the crypto market

With the GameFi, decentralized finance and online gambling industries growing rapidly, new Solana-based project Mega Dice is fusing the two to create “the ultimate casino token experience”.

Indeed, Mega Dice’s mission statement is to become “the #1 GameFi on SOL”, boasting more than 4,000 games, a community of more than 10,000 active monthly players, and at least $50 million wagered each month. The platform’s native token, $DICE, is used to participate in the games.

Beyond this, Mega Dice offers token holders a range of additional features, including daily rewards based on casino performance, limited edition NFTS, early bird bonuses, and a referral program.

Mega Dice is also offering token holders the opportunity to qualify for an airdrop worth more than $2 million. To be eligible, users muse maintain activity on megadice.com within 21 days and accumulate a total wagering volume of $5,000.

The presale for $DICE is currently live, with close to 10 million tokens purchased and $700,000 raised. To find out more about the project and participate in the presale, visit the official Mega Dice website.

5. 99Bitcoins (99BTC): Innovative learn-to-earn crypto platform offers high staking yields 

The next top penny cryptocurrency to watch in 2024 is $99BTC, the native token of 99Bitcoins. This is an innovative cryptocurrency platform, that rewards users for increasing their crypto knowledge. 

A Learn2Earn ecosystem, 99Bitcoins directly rewards users for learning more about cryptocurrencies. The module features basic and advanced learning concepts on cryptos and the blockchain. You can earn $99BTC tokens by completing assessments, quizzes, and modules. 

While 99Bitcoins is built on Ethereum, it will eventually migrate to the Bitcoin blockchain. Once it migrates to Bitcoin, 99Bitcoins will adopt the BRC-20 token standard, benefitting from the network’s robust security standards. 

Existing token holders can get access to VIP groups, and receive expert trading signals on the ecosystem. To generate passive income, stake $99BTC on the smart contract and earn more than 7,300% annual yields. 

$99BTC has a total supply of 99 billion, of which 17% will be allocated through community rewards. Another 14% will be offered as staking rewards over the next two years. Currently, this penny crypto is priced at $0.001 during the ongoing presale round. 

For more information, read the 99Bitcoins whitepaper and join the Telegram channel.

6. 5th Scape (5SCAPE): VR gaming and digital experiences suite with hyper-realistic immersive environments

5th Scape is a new crypto project that is pushing the boundaries of ultra-realistic virtual reality. The project is currently in its early presale stages and is among the best crypto to invest in for 2024. It brings forth an introductory suite of 5 games paired with advanced hardware which will improve the overall digital experience.

The project targets a key sector that is constantly developing and at the crossover of VR and blockchain technology. At the heart of this VR network is its native $5SCAPE token, which can be used to transact within the 5th Scape metaverse. Users are able to utilize the token to make purchases, stake it to earn passive rewards, earn it by playing games and completing objectives, or simply hold it to get free basic access to the suite of products.

5th Scape introduces its state of the art hardware to pair with its suite of digital products, which include the VR Ultra Headset and a motion reactive SwiftScape Gaming Chair that are made to be used on their games to heighten the gaming experience and create ultra realistic gameplay for users.

The project is one of the best crypto presales under a penny, with the project’s initial offering currently in its 1st of 12 phases. Participants can obtain the token at the early stage discount price of just $0.00187, with price increases happening at every next stage of the presale.

Users can participate using a range of crypto coins including ETH, MATIC, USDT, BNB and even have the option of card payment which will require KYC verification. This project is definitely one to keep eyes on as it introduces new technological advancements to the VR landscape.

7. Sponge (SPONGE): Sponge token upgrade with stake-to-bridge mechanism and added play-to-earn gaming utility

A revamp of one of the best penny cryptocurrencies to invest in for 2023, SPONGEV2 is an upgrade of the famed SPONGEV1 which achieved an explosive 100x.

Those who missed out have a second opportunity with Sponge V2, as the developers are implementing a new play-to-earn game, adding utility to the project and giving community members an opportunity to be rewarded with more Sponge tokens.

The token also has added staking functionality, which will allow users to earn passive rewards while staking, providing liquidity to the ecosystem. This encourages community members to hold tokens by incentivizing loyalty and preventing major sell-offs.

Sponge staking dashboard – Source: Sponge

Unlike Sponge V1, there is no traditional presale for this project. In order to obtain SPONGE V2 tokens, users must either already own or purchase SPONGEV1 tokens, in addition to utilizing the stake-to-bridge feature. Due to the new smart contract upgrades, SPONGEV2 tokens will need to migrate from SPONGEV1. Users must stake V1 tokens, and will obtain the equivalent amount of SPONGEV2 tokens when the platform fully launches.

Boasting exceptional community support and social media attention, Sponge V2 definitely has the potential to become one of the best meme coins under a penny of 2024.

8. Smog (SMOG): A dragon meme coin that is thriving on Solana and Ethereum

Smog is a brand new meme coin that was initially launched on Radiuym, Solana. Other famous meme coins such as Myro and Dogwifhat posted strong gains due to rising interest in meme tokens.

While it may appear as a ‘joke token’ to some, past meme coins have posted extraordinary gains such as Dogecoin and Shiba Inu since they were first launched.

As opposed to ‘traditional’ meme coins, Smog comes with free airdrops to the holders. Crypto traders that hold $SMOG are eligible for a free airdrop in what is called a hold-to-earn mechanism.

$SMOG has a fixed supply, meaning, it is not inflationary. As opposed to Pepe, a well-known meme coin that has a supply of trillions of tokens, $SMOG’s max supply is under 1.5 billion.

To maximize the return on investment (ROI), the token holders complete free daily tasks in Zealy and earn XP for the upcoming airdrop. The more XPs you earn, the higher your share will be from the airdrop.

Smog is listed on Radiyum, a decentralized exchange on Solana. To increase the token’s exposure, %SMOG is also available on Ethereum with limited supply.

To easiest method to buy $SMOG on Ethereum is to simply buy from the $SMOG website where a 10% discount is available and the tokens will be automatically staked for 90 days with 42% APY.

9. eTukTuk (TUK): Revolutionary sustainable transport system with AI integration powered by TUK token

eTukTuk is a newly-launched crypto project that aims to solve the issue of climate change by reducing CO2 emissions in cities that have heavily polluting transport systems. The platform pioneers an eTukTuk, creating an affordable and easy transition to TukTuk drivers to a more sustainable energy source.

The project will build out an electric vehicle charging grid around cities, and users will be able to pay for charging power time with the native $TUK token. Moreover, this project promotes the circular economy and introduces a real-life drive-to-earn model. Drivers will be able to earn $TUK token for successfully dropping clients and completing journeys in a timely manner.

The eTukTuk smart infrastructure will also use the power of artificial intelligence to conduct smart route mapping, cutting journey times, choosing efficient routes with less traffic and ultimately reducing the carbon footprint of vehicles.

The eTukTuk presale has currently raised over $500,000 and the current price of 1 $TUK is $0.026. The price will increase gradually as the presale completes its milestone stages. Environmental sustainability is at the heart of all current global affairs and with the project building out an all-in-one suite to tackle the issue, the project is likely to be one of the best penny crypto to invest in during 2024.

10. Dogecoin (DOGE): Crypto’s oldest meme coin supported by tech mogul Elon Musk

Launched back in 2013, Dogecoin is one of crypto’s senior meme coins, sitting comfortably within the top 10 most valuable cryptocurrencies by market capitalization.

The coin was originally launched as a meme coin and adopted the mechanism of becoming a tipping currency across social media platforms. It has since been accepted as a means of payment by several high-profile corporations including Tesla, AMC Theatres, GameStop and the NBA team the Dallas Mavericks.

The social streaming platform Twitch has also adopted Dogecoin as a tipping currency that can be used by streamers.

DOGE’s record high of $0.73 came in May 2021, stimulated by the mainstream attention it received from Elon Musk. The current price at the time of writing sits at $0.084, leaving plenty of room to grow.

Investors can buy DOGE from most mainstream crypto exchanges including Binance, OKX, Coinbase, Gate.io and Kraken. With clear potential for the price to grow exponentially, DOGE is among the best penny crypto to invest in during 2024.

11. Shiba Inu (SHIB): Second largest market cap meme coin and Dogecoin rival

Shiba Inu was launched in late 2020 as a rival to Dogecoin. The platform’s mission was to disrupt the micro peer-to-peer payments sector and create a competitor to Dogecoin. It has since boomed in response to endorsements by tech entrepreneur Elon Musk and Ethereum founder Vitalik Buterin.

50% of the supply of SHIB tokens were sent to Buterin upon launch in an attempt to safeguard the project from being liquidized, but in response, the programmer burned 90% of his share and donated the remaining 10% to charity. The move triggered explosive growth for the coin, seeing it surge by over 46,000,000%.

Today, SHIB still sits among the top-20 coins by market cap and recently announced the launch of its layer-2 solution, Shibarium. The primary reason for Shiba Inu’s longevity is the community’s long standing effort to grow the ecosystem and utility of the token.

Penny cryptocurrencies comparison chart

Cryptocurrency	Ticker	Launched in	Blockchain
Dogeverse	DOGEVERSE	2024	Ethereum, BNB Chain, Polygon, Solana, Avalanche, Base
WienerAI	WAI	2024	Ethereum
Mega Dice Token	DICE	2024	Solana
99 Bitcoins	99BTC	2024	Ethereum
5th Scape	5SCAPE	2023	Ethereum
Sponge	SPONGE	2023	Polygon
Smog	SMOG	2024	Solana
eTukTuk	TUK	2024	Binance
Dogecoin	DOGE	2013	Binance
Shiba Inu	SHIB	2020	Ethereum

Methodology

In order to find a selection of the best penny cryptocurrencies, our expert review team conducts thorough research on each project, its features, historical price action and community. We ensure that the information presented is correct and factual and unbiased.

References

• https://www.stilt.com/blog/2021/03/vast-majority-crypto-buyers-millennials-gen-z/
• https://cryptocurrencyfacts.com/penny-cryptos/
• https://www.valuewalk.com/visit/wallstreetmemes-casino
• https://www.statista.com/statistics/1298179/luna-market-capitalization/
• https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed#:~:text=5%2C724%20cryptocurrencies%20from%202021%20have%20failed&text=Over%2070%25%20of%20cryptocurrencies%20listed,on%20CoinGecko%20in%202023%20died.

FAQs

What is the best penny crypto to buy?

The best penny crypto to buy varies depending on an individual’s risk appetite. Dogeverse and Sealana are great presale options, DOGE and SHIB stand out in the meme coin category, while Stellar, Tron, and Algorand are great picks for investors looking for something a little more stable.

Which penny crypto will reach $1?

It is hard to say exactly which penny crypto $1. However, should a bull run be ignited, we could see many penny crypto tokens shooting for the $1 mark.

Which penny cryptocurrency will explode in 2024?

Many crypto tokens have the potential to explode in 2024. However, our expert panel has identified Dogeverse and 5th Scape as presale penny cryptos with great potential.

Are penny cryptocurrencies worth it?

Ultimately, there are always risks involved when it comes to penny cryptos. They can grow exponentially, but smaller coins with less liquidity could slowly die away.

What is the best penny or less cryptocurrency to invest in long-term?

Our review panel concludes that slightly higher-cap coins such as Stellar and Algorand are worthwhile picks for long-term penny crypto investment.