10 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This page was updated in June 2024 to add PlayDoge and Base Dawgz, and remove some outdated coins.

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

1. PlayDoge (PLAY): Tapping into the $13 billion play-to-earn gaming market with a Tamagotchi-style, virtual Doge
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. Base Dawgz (DAWG): Sastisfying the increasing demand for multi-chain operability, and combining it with the beloved Doge of the meme coin world
5. 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.
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. eTukTuk (TUK): Sustainable crypto builds EV charging stations for TukTuk drivers. Over $2M raised in presale.
9. Dogecoin (DOGE): Created as a joke in 2013 by two engineers, Dogecoin is one of the oldest meme coins.
10. 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. PlayDoge (PLAY): Bringing 90s nostalgia to the play-to-earn market

PlayDoge is the latest crypto project to tap into the thriving play-to-earn gaming market, bringing the 90s nostalgia with a Tamagotchi-inspired experience.

Players will be challenged to care for a virtual, 2D Shiba Inu and tasked with ensuring it remains fed, trained, and entertained. As part of the experience, successful players will be rewarded with $PLAY, the project’s native token.

PlayDoge is set to release as a mobile-first game with high definition graphics and responsive touchscreen controls.

The total supply of $PLAY is 9.4 billion, with half of the supply allocated to the presale, and dedicated allocations for staking, project funds, community rewards, liquidity, and marketing.

The presale is open to early investors now, with tokens available at $0.00503 until the next price increase. There is also the option to stake your tokens for an estimated 128% in annual rewards. Over 147 million tokens have already been staked in less than a week.

With the nostalgic edge and play-to-earn utility, PlayDoge looks poised to become one of the best penny cryptos to buy in 2024.

Ticker	PLAY
Max. Supply	9,400,000,000
Blockchain platform	Binance Smart Chain
(Additional networks)	N/A
Inception	2024

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. Base Dawgz (DAWGZ): Multi-chain, base jumping Doge

As blockchain technology advances and new chains are developed, multi-chain projects become ever more attractive opportunities to investors.

Base Dawgz is the latest project to take advantage of this shift, with a brand new token, originally built on BASE, but with compatibility across ETH, SOL, BSC and AVAX thanks to Portal Bridge and Wormhole technology.

To add further utility, the developers of Base Dawgz have created an airdrop campaign to reward engagement from early adopters. To participate, link your X (Twitter) account, share memes or other content about Base Dawgz. Each post will be rewarded with points, which can then be redeemed for $DAWGZ tokens. 15% of the token supply has been allocated for such rewards.

To add further credibility to the project, the Base Dawgz team has also published a full token audit conducted by Solid Proof.

The Base Dawgz presale is available to participate in now, with over $250,000 raised in the first 24 hours. To participate and find out more, visit the official website.

Ticker	DAWGZ
Max. Supply	8.453 billion
Blockchain platform	BASE (cross-compatible with four others)
Inception	2024

5. 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.

6. 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.

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. 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 native $TUk token can also be staked to earn passive rewards, currently around 348%, and once the charging grid has been implemented staked tokens will also earn a percentage share of the fees paid to the charging stations. $TUK is made to power the whole eTukTuk ecosystem and assist the unbanked which are usually found in developing nations.

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.

9. 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.

10. 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.

The price of SHIB at the time of writing is $0.0000087, and according to an ETHNEWS report, Shiba Inu has recently increased its burn rate by 357.48%. As more tokens are burnt, it will lower the circulating supply, and if positive investment to purchase the token continues by the wider crypto community, the price is surely set to skyrocket.

Penny cryptocurrencies comparison chart

Project	Token	Chain	Supply	Launch
PlayDoge	PLAY	Binance	9.4 billion	2024
Sealana	SEAL	Solana	Unknown	2024
WienerAI	WAI	Ethereum	69 billion	2024
Base Dawgz	DAWGZ	Multi-chain	8.453 billion	2024
Mega Dice	DICE	Solana	420 million	2023
99Bitcoins	99BTC	Bitcoin Network	99 billion	2013
eTukTuk	TUK	Binance	2 billion	2023
Dogecoin	DOGE	Binance	144 billion	2014
Shiba Inu	SHIB	Ethereum	589 trillion	2013

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.

FAQs

What is the best penny crypto to buy?

The best penny crypto to buy varies depending on an individual’s risk appetite. PlayDoge and WienerAI 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.

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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.