Penny cryptocurrencies are tokens priced under $1 and subsequently enable those on a budget to purchase a large number of tokens.
In this article, we analyze the 8 best penny cryptocurrency to invest in right now for high potential gains this year and beyond.
The Top 8 Best Penny Cryptocurrency to Invest in Now
For a quick overview of the best penny cryptocurrency assets to invest in, check out the list below:
- Dash 2 Trade – Overall Best Penny Cryptocurrency to Invest in 2022
- IMPT – Crypto Presale Under a Penny In The Carbon Credit Trading Industry
- Calvaria – Blockchain-Based Battle Card Game With Discounted Token on Presale
- Tamadoge – Play-to-Earn Crypto Game With Attractive Upside Potential
- Lucky Block – NFT Competitions Platform With Penny Cryptocurrency Native Coin
- DeFi Coin – New Decentralized Exchange With Multiple Yield Services
- Ripple – Distributed Ledger Network for Interbank Transactions
- Shiba Inu – Penny Crypto Meme Token That has Since Entered the Metaverse
1. Dash 2 Trade – Overall Best Penny Cryptocurrency to Invest in 2022
Overall, we found that Dash 2 Trade is the best penny cryptocurrency to buy right now. As of writing, the project is offering its D2T token in a presale launch. Its first batch of tokens sold for just $0.0476 and more than $1.6 million was been raised in the first few days. Currently the presale price on round two is $0.05 per D2T token, still on discount.
About the project – Dash 2 Trade is building an analytics terminal that will enable traders from all over the world to make informed investment decisions. This includes trading signals that inform D2T token holders on which cryptocurrency to trade and what stop-loss and entry prices to enter. The terminal will also provide professional-grade data, such as social metrics.
This involves scanning social media platforms like Reddit to find out which cryptocurrencies are trending at any given time. The Dash 2 Trade terminal also offers on-chain analysis, which can be useful in following the ‘smart money’. There will also be trading competitions with real-world rewards in addition to live streaming events hosted by Dash 2 Trade analysts.
Another top feature will be the ICO and presale screening tool. This will rank and score upcoming token launches to offer D2T token holders insight into cheap crypto projects with high upside potential. The Dash 2 Trade terminal is self-sufficient insofar as it has a subscription structure in place. This means that members will need to pay a monthly fee to access full functionality.
After completing its presale launch, the D2T token will be listed on both decentralized and centralized exchanges. Considering that the project is backed by leading signal platform Learn 2 Trade, the upside potential of this project could be huge. This is especially the case for those investing in the presale, considering the early-investor discount on offer.
Dash 2 Trade has a growing Telegram group with over 15,000 members at the time of writing interested in this top penny crypto token and its utility for traders.
More information about the project and screenshots of the planned trading dashboard can be found in the Dash 2 Trade whitepaper.
Visit Dash 2 Trade Presale Now
2. IMPT – Crypto Presale Under a Penny In The Carbon Credit Trading Industry
IMPT is the best penny cryptocurrency to invest in for those wishing to gain exposure to the ever-growing carbon credit space. In a nutshell, companies will have a limit on the amount of carbon and other harmful gasses that can be emitted into the environment each year. Companies with a need to emit additional levels will need to purchase carbon credits from the open market.
However, the carbon credit market is hugely fragmented and typically, results in companies overpaying. Moreover, the carbon credit trading scene is difficult to access as a retail client. This is why IMPT has created its blockchain-based ecosystem, which provides access to a fully-fledged carbon trading market.
From the perspective of an investor, it is possible to speculate on the price of carbon credit rising by purchasing IMPT tokens. The tokens will be converted to carbon credits via an NFT, which can then be sold to companies that need additional emissions. Alternatively, it is also possible to buy IMPT tokens for the purpose of offsetting carbon emissions.
This is because the tokens can be burned via the blockchain protocol. As of writing, IMPT has already raised $7.6 million during its presale launch, which is offering tokens at a price of just $0.018. After raising $10.8 million, the presale price will increase to $0.023 per IMPT token. As such, early investors are rewarded with the best price possible.
Head over to the IMPT Telegram group for all announcements and updates on this presale.
The IMPT whitepaper is also worth a read for additional information about how its carbon credit ecosystem works.
3. Calvaria – Blockchain-Based Battle Card Game With Discounted Token on Presale
Calvaria is launching a play-to-earn blockchain game that is based on battle cards. Each card will be represented by a unique NFT that has its own traits. Some traits are rarer than others and thus, provide players with a greater chance of winning battles.
Some of the leading characters within the Calvaria game are inclusive of El Maldito, El Pasado, and Santa Muerte. The game takes on a fantasy multiplayer approach, ensuring that players are engaged at all times.
And most importantly, by winning battles against other players, real-world rewards will be earned. Rewards are paid in RAI tokens, which is native to the Calvaria ecosystem. This project’s native ERC-20 token is currently available to buy during a presale launch that is in stage one as of writing. For every 1 USDT invested, 100 RAI tokens will be acquired.
Looking at the project’s roadmap objectives, Calvaria aims to launch its token on centralized exchanges in Q4 2022, including Gate.io and Kucoin. In addition to further game developments, 2023 will see Calvaria partner with gaming influencers and streamers, before launching its much-anticipated tournament feature.
Further down the line, Calvaria will also be launching virtual reality experiences and an expansion of its gaming universe, further enforcing its reputation as of one of the best penny cryptocurrency to buy. The Calvaria whitepaper can be found here, and investors can find updates on the project via the Telegram group.
4. Tamadoge – Play-to-Earn Crypto Game With Attractive Upside Potential
The next project to consider on this list of the best penny cryptocurrency to invest in 2022 is Tamadoge. Founded just a couple of months prior to writing, Tamadoge recently completed its presale launch. Raising 19 million USDT, Tamadoge represents one of the most successful presales and penny cryptocurrencies of the year.
In particular, investors are attracted to the project’s play-to-earn concept, which centers on virtual pets that can be trained, fed, bred, and ultimately – entered into battles. In doing so, players can win TAMA, which is the native token of the Tamadoge project.
The team of developers behind Tamadoge has huge roadmap objectives for the coming year. This includes launching a dedicated mobile gaming app that offers augmented reality experiences. Moreover, the ‘Tamaverse’ will operate as the project’s metaverse, offering players further immersive experiences.
TAMA was initially listed on the OKX exchange, which is impressive considering the age of the project. After the listing went live, TAMA generated gains of almost 20x, when compared to its beta sale price (just one cent, i.e. under a penny for UK readers).
Tamadoge has also now released three NFT drops, its Ultra Rare, Rare and Common NFTs used to gain an edge in its upcoming NFT game.
Find out more by downloading the Tamadoge whitepaper.
5. Lucky Block – NFT Competitions Platform With Penny Cryptocurrency Native Coin
Lucky Block was founded in 2022 when it discovered a significant gap in the competitions and prizes industry. Put simply, after buying a unique NFT, players can enter lucrative competitions that are facilitated by smart contracts on the Ethereum network.
As a result, players can be certain the outcome of each prize draw is unique. For example, as of writing, players have the chance to win $1 million worth of Bitcoin. The draw will be made after each NFT for the specific competition is sold.
In the meanwhile, players that buy an NFT will receive crypto rewards. Paid in LBLOCK tokens, passive rewards will be earned for as long as the NFT is held by the player. LBLOCK token currently trades at a low price on several exchanges.
V1 (BSc) of the LBLOCK token trades on PancakeSwap while V2 (ETH) can be bought on Gate.io, MEXC, and Uniswap.
6. DeFi Coin – New Decentralized Exchange With Multiple Yield Services
DeFi Coin could be the best penny cryptocurrency to buy now, considering its low market capitalization and the impending launch of the DeFi Swap exchange. The team behind DeFi Coin has been working on the development of DeFi Swap for over 18 months.
Nonetheless, the exchange is due to launch in the coming weeks. DeFi Swap will enable users to trade digital currencies in a decentralized way. This means that instead of opening an account and providing ID, token swaps can be conducted anonymously.
Not only that, but DeFi Swap will also offer staking tools and crypto yield farming pools. Both of these investment features enable traders to earn passive income on idle crypto tokens. DeFi Coin is the native token that fuels the DeFi Swap ecosystem.
As noted above, DeFi Coin is perhaps the best penny crypto to buy for upside potential, considering that it carries a market capitalization of under $1 million. DeFi Coin can be purchased from PancakeSwap.
7. Ripple – Distributed Ledger Network for Interbank Transactions
Launched in 2012, Ripple is the most established project on this list of the best penny crypto to invest in. Throughout the years, Ripple has formed crucial relationships with more than 200 banks and financial institutions.
Its underlying and proprietary network serves ultra-fast interbank transactions that typically take less than five seconds to validate. Moreover, the cost of each transaction amounts to a small fraction of $0.01, irrespective of which fiat currencies are being transacted between parties.
The XRP token sits at the heart of the Ripple network, not least because it provides instant liquidity when two competing fiat currencies are being transacted. As a result, XRP has a long-term and sustainable use case.
In terms of its upside potential, XRP carries a market capitalization of $23 billion as of writing. Moreover, at a cheap token price of $0.46 as of writing, XRP is trading 65% below its 52-week high.
8. Shiba Inu – Penny Crypto Meme Token That has Since Entered the Metaverse
Another option to consider when searching for the best penny cryptocurrency to invest in is Shiba Inu. This digital currency has generated some of the largest financial returns seen in the crypto space, which is impressive considering that Shiba Inu was launched as recently as 2020.
During the prior bull run, Shiba Inu went from an unknown meme coin to one of the largest crypto projects in terms of market cap – once worth over $40 billion. Although its value has since declined as per the bear market, Shiba Inu still carries a valuation of over $5.5 billion as of writing.
Many investors are bullish on Shiba Inu considering that the project has since created its own metaverse world. All transactions within the so-called ‘Shiberse’ – including virtual real estate purchases, will be conducted in SHIB tokens.
Furthermore, as of writing, Shiba Inu is trading 88% lower than its 52-week highs. Potentially, this means that Shiba Inu could be the best crypto under a penny for long-term gains.
Is Penny Cryptocurrency a Good Investment?
Before buying a basket of low-cost crypto tokens, be sure to consider whether or not penny cryptocurrencies represent a viable short or long-term investment.
The key points to bear in mind when looking for the best penny crypto to buy are discussed below:
Penny Cryptocurrencies are Affordable
The overarching attraction of penny cryptocurrencies is that they are significantly cheaper than legacy tokens like Bitcoin and Ethereum – which as of writing trade at approximately $20,000 and $1,400, respectively.
On the one hand, it is possible to buy the aforementioned tokens in fractional amounts, meaning the minimum capital outlay is often just a few dollars.
However, who wants to own a tiny fraction of one token, when it is possible to buy thousands of penny cryptocurrencies?
- For example, let’s take an investor that has just $300 to inject into the crypto trading markets.
- By purchasing Bitcoin with $300, this would amount to approximately 0.015 BTC.
- The same investment into the Dash 2 Trade presale – at just $0.05, would amount to 6,000 D2T tokens.
As a result, the best penny cryptocurrencies offer more bang for one’s buck.
Penny Cryptocurrencies are Usually Small-Cap Projects
With the exception of Shiba Inu and XRP, all of the projects discussed on our list of the best penny cryptocurrency to invest in carry low market capitalizations.
This refers to the total value of the cryptocurrency and is calculated by multiplying the number of tokens in circulation against the current price.
Crucially, the smaller the market capitalization, the more chance there is of experiencing a huge upside.
For instance, Dash 2 Trade is raising just $40 million during its presale campaign. This means that the project would only need to carry a market capitalization of $400 to generate returns of 10x.
How to Pick the Best Penny Crypto to Buy
We have discussed eight of the best penny crypto to buy, as per our own research and subjective views.
With this in mind, investors should proceed to do their own due diligence.
To find the best penny cryptocurrencies to invest in, consider the key points outlined below:
Crypto Presales
One of the best ways to find the best penny cryptocurrencies to invest in is to scour the internet for trending cryptos unders $1 and upcoming presale launches.
Presales offer early investors the opportunity to buy the respective penny cryptocurrency at the lowest price possible.
Some of the best presales in the market right now include Dash 2 Trade, IMPT, and Calvaria.
Recent examples of successful crypto presales include Lucky Block, which, in Q1 2022 generated growth of 6,000%.
Tamadoge completed its presale towards the back-end of Q3 2022 and subsequently provided early investors with gains of 1,000% in just a week after the fundraising campaign.
Market Capitalization
Those in the market for above-average returns might consider top penny cryptocurrencies that have a small market capitalization.
As noted in the previous section, cheap cryptocurrencies with a low valuation have the potential to generate huge returns.
In comparison, large capitalized projects like Bitcoin, Ethereum, and BNB will be somewhat limited in the size of their future growth, considering they are already valued at many billions of dollars.
Project Concept
The most successful projects in the cryptocurrency space are those with a solid concept.
Dash 2 Trade, for example, is building an analytics dashboard that will enable investors to take their crypto trading decisions to the next level.
IMPT is building an ecosystem that will facilitate carbon emission offsets. This is in addition to trading carbon credits in a secure marketplace that is fueled by blockchain technology.
In another example, Calvaria is building an innovative play-to-earn game that centers on battle cards.
Ultimately, if the penny cryptocurrency is linked to a project with solid fundamentals, this offers the best chance possible of generating long-term gains.
How to Invest in the Best Penny Crypto
Our review team found that the overall best penny cryptocurrency to invest in right now is D2T – which backs the Dash 2 Trade analytics terminal.
In this section, we’ll explain how to invest in the Dash 2 Trade presale to buy D2T tokens at the best price possible.
Step 1: Download and Install MetaMask
The best crypto wallet provider for simplicity and security on desktop is MetaMask – mobile users may find Trust Wallet more compatible.
Download MetaMask to a Chrome, Edge, or Firefox web browser, or opt for the iOS/Android mobile app.
Open the wallet, create a password, and write down the backup phrase on a piece of paper.
Step 2: Transfer ETH or USDT to MetaMask
The Dash 2 Trade presale accepts ETH or USDT tokens as a means of payment. Those with tokens can now transfer them to the previously installed MetaMask wallet.
Otherwise, both ETH and USDT can be purchased from leading exchanges like OKX and Binance with a debit/credit card – with the process taking less than five minutes to complete.
Step 3: Connect MetaMask to Dash 2 Trade Presale
Visit the Dash 2 Trade presale and connect the MetaMask wallet.
After clicking on ‘Connect Wallet’, select ‘MetaMask’.
Now open the MetaMask wallet and confirm the connection to Dash 2 Trade.
Step 4: Buy D2T Tokens
At this stage, the MetaMask wallet should be connected to the Dash 2 Trade platform and subsequently funded with either ETH or USDT.
Type in the number of D2T tokens to buy. Confirm the transaction via MetaMask to complete the presale investment.
Investors can claim their D2T tokens after the presale finishes.
Conclusion
This market insight ranked and reviewed the best penny cryptocurrencies to invest in.
While IMPT, Calvaria, and Lucky Block are notable cheap projects to watch, the overall best penny cryptocurrency to buy now is Dash 2 Trade.
Dash 2 Trade is building a cutting-edge terminal that will provide cryptocurrency investors with professional-grade data and indicators, social metrics, trading signals, and more.
The Dash 2 Trade presale launch is now in phase two – investors are encouraged to get in early to secure the lowest price possible.