Penny cryptocurrencies, or cryptocurrencies worth up to one dollar, are becoming the preferred choice of most investors due to their significant growth potential. Such assets are suitable for those who choose to buy many coins with a limited budget. We have prepared for you a list of the most promising penny cryptos that you can buy right now.
XRP
- Price: $0.61
- Market cap: $33B
XRP is a penny crypto and the native cryptocurrency of the Ripple network, which is designed to facilitate fast and cost-effective cross-border payments. Ripple is both a platform and a currency. The platform is an open-source protocol that is designed to allow fast and cheap transactions.
XRP and its Ripple network stand out in the crypto market for their ability to process transactions in seconds while providing low fees for cross-border payments. Ripple uses a consensus mechanism different from the proof-of-work used by cryptocurrencies like Bitcoin. It employs a unique distributed agreement algorithm through a network of validating servers to confirm transactions.
Cardano
- Price: $0.40
- Market cap: $14B
Cardano is the best penny cryptocurrency and decentralized blockchain platform that aims to provide a more secure and sustainable infrastructure for the development of decentralized applications (DApps) and smart contracts. It was founded by Charles Hoskinson, one of the co-founders of Ethereum, and development is overseen by IOHK (Input Output Hong Kong), a blockchain research and development company.
Cardano stands out in the crypto market with its sophisticated architecture that maintains a robust level of security and increased flexibility. The network solves scalability problems by implementing Cardano Settlement Layer and Cardano Computation Layer. Cardano utilizes a PoS consensus mechanism, namely the Ouroboros protocol. PoS is considered more energy efficient compared to the proof-of-work mechanism used by some other cryptocurrencies, such as Bitcoin.
Cardano emphasizes a focus on long-term sustainability. It includes a treasury system to fund development and community initiatives. Additionally, it incorporates a decentralized governance model allowing ADA (the native token of Cardano) holders to participate in decision-making.
Dogecoin
- Price: $0.089
- Market cap: $12.8B
Dogecoin (DOGE) is a cryptocurrency that started as a meme-inspired digital currency. This meme coin was created by Billy Markus, a software engineer, and Jackson Palmer, a product manager. Dogecoin was introduced in December 2013 and quickly gained popularity due to its Shiba Inu dog logo from the "Doge" internet meme.
Despite its frivolous nature, DOGE has gained a strong and active community from the beginning. The community cemented the token's usefulness through a culture of generous tipping, with users tipping each other in the form of DOGE for content or contributions.
This penny crypto is characterized by its low transaction fees, cultural and philanthropic impact. It is also billionaire Elon Musk's favorite cryptocurrency.
TRON
- Price: $0.10
- Market cap: $9.15B
TRON is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology. TRON was founded by Justin Sun, a prominent figure in the cryptocurrency space.
TRON stands out in the crypto market for its idea of creating and distributing digital content, including entertainment and media. TRON supports the creation and execution of smart contracts required to run DApps. Its execution is possible through a virtual machine (TVM). The platform implements various technologies to improve scalability and transaction speed. The network uses the Delegated Proof-of-Authority (DPoA) consensus algorithm.
Polygon
- Price: $0.80
- Market cap: $7B
Polygon is a multichain scaling solution for Ethereum. It aims to address some scalability and usability issues associated with the Ethereum blockchain, making it more efficient and user-friendly for decentralized applications (DApps) and developers.
Polygon stands out in the crypto market for its primary goal of increasing the scalability of the Ethereum network. Polygon is designed to be compatible with Ethereum, allowing for easy transfer of assets between the Ethereum main chain and Polygon sidechains. MATIC is a penny crypto and worth less than a dollar, but is just as capable as the second largest cryptocurrency on the market.
Polygon offers various second level scaling solutions. These focus on processing transactions outside of Ethereum, reducing congestion and transaction fees while maintaining a secure connection to the Ethereum network. Polygon uses the Proof-of-Stake consensus mechanism to secure its network. Another interesting feature of the network is that developers can use the Polygon SDK to easily deploy their own customized blockchains with specific consensus mechanisms and features to suit their needs.
Chiliz
- Price: $0.07
- Market cap: $593M
Chiliz (CHZ) is the best penny cryptocurrency and blockchain platform designed for sports and entertainment industries, particularly focusing on fan engagement and tokenized voting rights. The Chiliz blockchain, also known as the Socios.com platform, allows sports and entertainment organizations to create branded Fan Tokens that fans can purchase and use to participate in various activities and decision-making processes related to their favorite teams.
Chiliz stand out for their purpose. The main use case for Chiliz is to create fan tokens for sports and entertainment organizations. Fans can use these tokens to participate in polls, influence team decisions, and access exclusive content or experiences.
The Socios platform is built on the Chiliz blockchain and provides a marketplace for fans to buy, sell and trade these tokens. The blockchain is backed by industry giants such as FC Barcelona, Paris Saint-Germain (PSG) and Juventus. Therefore, this penny crypto is the preferred choice of a crypto investor who loves sports.
Shiba Inu
- Price: $0.000009
- Market cap: $5B
Shiba Inu (SHIB) refers to both a penny crypto and the surrounding community. It gained popularity as a meme coin, drawing inspiration from the Shiba Inu dog breed, similar to Dogecoin. SHIB is an ERC-20 token, meaning it operates on the Ethereum blockchain.
SHIB stands out from all penny cryptos in the market with its humorous nature, strong decentralized community, and tokenomics. Shiba Inu's tokenomics includes the creation of several tokens within its ecosystem. In addition to SHIB, there are other tokens such as LEASH and BONE, each with their own unique features and usage scenarios. Shiba Inu has its own exchange, ShibaSwap. There, crypto investors can provide liquidity, stake, and farm their tokens.
Stellar
- Price: $0.12
- Market cap: $3.4B
Stellar is a decentralized blockchain platform designed to facilitate fast, low-cost cross-border payments and enable the creation and transfer of digital assets. The Stellar Development Foundation (SDF), a non-profit organization, oversees the development and promotion of the Stellar network.
Stellar is known for its ability to process transactions quickly and inexpensively. It aims to provide seamless cross-border payments and remittances, making it attractive to individuals and organizations.
The network uses a unique consensus algorithm, Stellar Consensus Protocol, which enables decentralized control and validation of transactions, providing security and trust without the need for energy-intensive proof-of-work mechanisms.
XLM, a native token of the network, plays an important role in preventing spam transactions, as each transaction requires a small amount of XLM. Additionally, XLM can be used for transactions and as a bridge currency for asset transfers on the network.
Kaspa
- Price: $0.14
- Market cap: $3B
Kaspa is a project aimed at supporting high blockchain speeds and a high level of security. It implements the GHOSTDAG protocol. Currently, the Kaspa network operates at 1 block per second, but developers and researchers intend to push these capabilities to the limit and eventually to 10 or even 100 blocks per second. This scalability makes Kaspa a potential option for applications that require large transaction volumes and fast confirmation times.
Although Kaspa was created by the research and development company DAGLabs, it is now a fully open source community project.
Cronos
- Price: $0.09
- Market cap: $2.5B
CRO is a native blockchain token developed by CRO Protocol Labs, also known as Crypto.com. It is a multi-functional crypto exchange. CRO can be purchased on the Crypto.com exchange and is used in various applications. The blockchain uses a proof-of-stake consensus mechanism called Tendermint.
The great thing about CRO is that the token allows for a smooth and clear transition into the Web3 world.
Penny Crypto With Huge Potential
VeChain
- Price: $0.02
- Market cap: $1.7B
VeChain is a blockchain platform designed to enhance supply chain management and business processes. It aims to leverage distributed ledger technology to provide transparency, traceability, and authenticity for products throughout their lifecycle.
VeChain is known for its supply chain management and logistics applications. Using blockchain technology, it allows businesses to track the origin of goods, ensuring transparency and authenticity.
The network supports a dual-token system. The native cryptocurrency of the VeChainThor blockchain is VET (VeChain Token), which is used for transactions and executing smart contracts. VET holders can also generate another token called VTHO (VeThor Token), which is used to pay for transactions on the network.
In addition to supply chain applications, VeChain is exploring solutions for environmental sustainability.
The Graph
- Price: $0.15
- Market cap: $1.4B
The Graph is a decentralized protocol for indexing and querying data from blockchains, including Ethereum. It allows developers to efficiently access and retrieve data from various blockchains, enabling them to build decentralized applications (DApps) with powerful, decentralized data sources.
The Graph stands out from all penny cryptos by providing a decentralized and open infrastructure for creating and querying indexes of blockchain data. This allows developers to index and extract specific data from the blockchain in a more efficient and scalable way. The protocol has a subgraph, that is, a set of smart contracts and mappings that define how data from the blockchain should be indexed and queried. Developers can create their own subgraphs to index specific data related to their decentralized application.
The protocol uses the GraphQL language and operates as a decentralized network of indexers, curators, and delegators. Indexers are responsible for processing and indexing data from the blockchain, curators provide signals to create high-quality subgraphs, and delegators can delegate tokens to indexers for rewards. The penny crypto GRT is used to pay for services on The Graph network, such as indexing and querying data. Indexers, curators, and delegators can earn GRT as rewards for their contributions to the network.
Common use cases for The Graph include decentralized financial applications (DeFi), blockchain-based analytics, identity solutions, and more.
Algorand
- Price: $0.158
- Market cap: $1.2B
Algorand is a blockchain platform designed to provide a scalable and decentralized environment for building and deploying decentralized applications (DApps) and smart contracts. Founded by Silvio Micali, a Turing Award-winning cryptographer, Algorand aims to address scalability, security, and decentralization challenges commonly associated with blockchain networks.
Algorand stands out from all penny cryptos with its unique Pure Proof-of-Stake (PPoS) consensus mechanism, which is designed to achieve decentralization, security, and efficiency. In PPoS, token holders are able to participate in the consensus process and validate blocks based on the number of tokens they own.
Algorand is designed for fast transaction processing. This high throughput and fast confirmation time contribute to the platform's suitability for a variety of applications, including financial transactions and real-time applications. Algorand supports atomic transfers, allowing multiple transactions to be executed simultaneously and ensuring that either all transactions succeed or none of them do.
Algorand's blockchain includes a governance model that allows token holders to participate in decision-making processes, including protocol updates and parameter customization.
Fetch.AI
- Price: $0.522
- Market cap: $430M
Fetch.AI is a blockchain-based platform designed to enable decentralized, autonomous, and intelligent economic agents to perform tasks, make decisions, and engage in transactions on behalf of individuals or organizations.
Fetch.AI is unique in that it focuses on developing autonomous economic agents that are able to make decisions, perform tasks and interact with other agents in a decentralized manner. To do this, the protocol uses decentralized ledger technology. Fetch.AI supports the creation and execution of smart contracts that facilitate agent interaction.
The platform incorporates elements of machine learning. Agents can learn and improve their decision-making processes based on data and feedback.
The native cryptocurrency of the Fetch.AI platform is called FET (Fetch.AI Token). FET is used by crypto investors for a variety of purposes, including transactions, staking, and management.
y.Predict
- Price: $0.12
- Market cap: –
yPredict is an artificial intelligence-based cryptocurrency analysis platform that offers in-depth asset price predictions. It is the best penny cryptocurrency in the artificial intelligence sector. The project allows AI developers to sell subscriptions to their predictive AI models that provide trading signals. With this capability, users can make more informed trading decisions. Another interesting feature of the platform is the built-in trading platform that allows for instant execution of trading signals. This allows retail traders to compete with institutional traders, and thanks to artificial intelligence, predictions can be even more accurate.
The native token $YPRED has several uses, including staking capabilities.
Good Penny Crypto
1inch Network
- Price: $0.36
- Market cap: $389M
1inch Network is a decentralized finance (DeFi) platform that provides various services related to decentralized exchanges (DEXs) and liquidity aggregation. It aims to optimize and streamline the trading process for users across different DEXs by offering improved liquidity and competitive rates.
The platform is different in that it aggregates liquidity from various decentralized exchanges, allowing users to find the best prices for their trades across multiple platforms. This aggregation is designed to increase liquidity and reduce slippage.
1inch uses automated market-making algorithms to find liquidity and execute trades. AMM algorithms dynamically split and route trades between different DEXs to achieve the most favorable rates. 1inch allows users to contribute liquidity to decentralized liquidity pools.
The 1INCH native token gives owners a voice in protocol management decisions.
SingularityNET
- Price: $0.30
- Market cap: $376M
SingularityNET is a decentralized artificial intelligence (AI) platform that aims to facilitate the creation, sharing, and monetization of AI services. The platform is built on blockchain technology, allowing AI developers and users to interact in a decentralized and open manner.
AI developers can use SingularityNET to publish their services. SingularityNET uses blockchain technology to provide decentralized and transparent interactions. The platform was originally launched on the Ethereum blockchain, but has since migrated to the Cardano blockchain to improve scalability and efficiency.
SingularityNET implements agents that provide various AI services ranging from natural language processing and computer vision to data analysis and machine learning.
The AGI native token is one of the best penny cryptos in the AI sector and is used for marketplace transactions, allowing users to pay for AI services and rewarding developers for their contributions. AGI token holders can propose and vote on changes, updates, and other governance issues.
Osmosis
- Price: $0.71
- Market cap: $351M
Osmosis is a decentralized exchange (DEX) built on the Cosmos blockchain ecosystem. Cosmos is a network of interoperable blockchains, and Osmosis is specifically designed to facilitate the exchange of tokens within this ecosystem. It operates on the principles of decentralized finance (DeFi), allowing users to trade various digital assets in a decentralized and non-custodial manner.
Osmosis stands out in the crypto market because it uses an automated market maker model for trading. This model relies on liquidity pools and algorithms to automatically determine token prices based on supply and demand.
Osmosis is built on the Cosmos SDK and is part of the larger Cosmos ecosystem. Like the Cosmos network, Osmosis is compatible with other blockchains, making cross-chain transfers easier.
Osmosis includes a governance mechanism that allows token holders to participate in decision-making processes. This can include voting on proposals to modernize the protocol, change parameters, and other governance-related issues.
The OSMO token is used for a variety of purposes, including participating in management decisions, receiving rewards for providing liquidity, and accessing certain features of the platform. Token staking is also possible. And since Osmosis is a DEX, users can take advantage of all the features of the trading platform, from direct token exchange to liquidity provision.
BitTorrent
- Price: $0.000000478
- Market cap: $467M
BitTorrent is a popular file-sharing protocol. The relatively recent introduction of BTT is part of a broader initiative to encourage users to contribute and share bandwidth and resources on the BitTorrent network. The BTT token runs on the TRON blockchain.
The penny crypto BTT is used to incentivize users to share files and provide bandwidth on the BitTorrent network. Users who share files and contribute to the network's health can earn BTT as a reward. BTT integration allows token holders to earn and spend tokens in the BitTorrent ecosystem. The token is also needed to pay for BitTorrent Speed, a feature that speeds up file downloads.
Bonk
- Price: $0.00000656
- Market cap: $348M
Bonk is the most popular meme coin in the Solana ecosystem. The coin has attracted attention for its goal of reducing the influence of venture capitalists in the Solana ecosystem. Bonk, as an ecosystem, spans gambling, decentralized finance, and NFT.
The community has developed many games where users can spend and earn Bonk.
The Solana ecosystem saw a big spike at the end of the year, so this could affect the growth of Bonk meme coin as well.
FAQ
What is penny cryptocurrency?
Penny cryptocurrency is a term often used to refer to low-priced cryptocurrencies. These are digital currencies that have a relatively low value per unit, typically trading at under a dollar. This term also is borrowed from traditional stock markets, where stocks trading at a low price per share are sometimes called "penny stocks."
What is the best penny crypto to buy now?
If you're interested in investing in penny cryptos, do your own research, paying attention to factors such as crypto market trends, the ability to diversify your portfolio, your risk management skills, security, and a personalized investment plan. With these points in mind, as well as our article, you may want to pay attention to XRP, Cardano, Dogecoin, TRON and AI-related coins such as Fetch.AI and y.Predict.
What crypto under $1 will explode?
Predicting which specific penny crypto will experience significant price increases is challenging and carries a high level of risk. Cryptocurrency markets are known for their volatility, and prices can be influenced by various factors, including market sentiment, regulatory developments, technological advancements, and macroeconomic trends. And in the context of this article, AI-related tokens stand a good chance, as the trend towards this sector continues to gain momentum. Remember to do your own research.
