Penny cryptocurrencies are low-cost digital assets that often trade for just a few cents. This will appeal to investors on a budget who want to buy a large number of tokens.
Read on to discover the 12 best penny crypto to buy for maximum upside potential in 2023.
12 Best Penny Crypto to Buy in 2023Here's our list of the 12 best penny crypto to buy right now:
Our list of the best penny cryptocurrency to invest inis based on many factors, such as upside potential, current pricing levels, and the token's use case.
Read on to evaluate the 12 best crypto under a penny that will explode in 2023.
1. Love Hate Inu – Overall Best Emerging Cryptocurrency to Invest in NowLove Hate Inu is the best penny crypto to buy today. In a nutshell, Love Hate Inu is a newly founded blockchain project that is revolutionizing how society votes. It has developed a vote-to-earn framework that rewards voters with LHINU tokens.
This is the penny crypto that fuels the Love Hate Inu and it is currently being sold at just $0.00009 each via the recently launched presale. This means that by allocating just $100 to the presale, investors will receive over one million LHINU tokens. As one of the best low cap coins, this could be the biggest presale of the year and more than $1.2 million has already been raised.
Having analyzed the Love Hate Inu whitepaper, we discovered that its proprietary voting platform solves many real-world issues. For example, it is impossible for fraudulent votes to take place, as access to the dashboard requires LHINU to be staked. Love Hate Inu also prevents the risk of voter manipulation. This is because votes take place on the blockchain via immutable smart contracts.
Moreover, Love Hate Inu removes the threat of voters being intimidated by third parties, such as governments or trade unions. This is because votes are conducted and recorded anonymously. The only information viewable is the voter's wallet address. Additionally, the rewards system being developed will motivate more people to vote.
After all, voting turnouts in many countries remain on a downward trajectory, as per a University of Essex and University of Montreal joint study. In contrast, Love Hate Inu users are rewarded in two different ways – when staking LHINU tokens and again when conducting votes.
Not only is Love Hate Inu the overall best crypto under a pennynow, but the presale offers an immediate upside. This is because each presale stage increases the price. For instance, the presale is currently in stage two, so each LHINU token costs just $0.000090. But by the eighth and final stage, the price increases to $0.000145.
This means that stage two investors have an upside of 60%. This is also the price that LHINU will be listed on an exchange after the presale finishes. The Love Hate Inu presale accepts ETH and USDT, meaning investors can buy LHINU anonymously. Credit cards are also accepted, but investors will need to upload some ID.
Presale Stage Token Price Amount of Tokens Token Percent Total Price Stage End Date 1 $0.000085 11,250,000,000 12.5% $956,250 (Soft launch) + 7.5 days 2 $0.000090 11,250,000,000 12.5% $1,012,500 7.5 days 3 $0.000095 11,250,000,000 12.5% $1,068,750 7.5 days 4 $0.000105 11,250,000,000 12.5% $1,181,250 7.5 days 5 $0.000115 11,250,000,000 12.5% $1,293,750 7.5 days 6 $0.000125 11,250,000,000 12.5% $1,406,250 7.5 days 7 $0.000135 11,250,000,000 12.5% $1,518,750 7.5 days 8 $0.000145 11,250,000,000 12.5% $1,631,250 7.5 days Total 90,000,000,000 100% $10,068,750 2. Fight Out – Play-to-Earn Gaming App With Fitness Rewards and CompetitionsFight Out is another new crypto project that makes our list of the best penny crypto to buy. This project is building a play-to-earn fitness app that rewards users for working out. Users will initially need to create a virtual avatar and personalize its appearance in the Fight Out metaverse.
Interestingly, the avatar represents the user's real-world fitness achievements. This is because all workout regimes are tracked in real time via the Fight Out app. Not only that, but users will earn REPS tokens for each workout. Even more REPS tokens can be earned when completing challenges and entering competitions.
This will cover a variety of focus points, such as cardio, muscular endurance, and technique. Knowing how competitive the fitness industry is in 2023, the train-to-earn concept being developed by Fight Out is expected to be a major hit. Within the Fight Out metaverse, users will also have access to premium training courses.
These come in video format alongside real-world challenges with tokenized rewards. Some of the confirmed ambassadors for Fight Out include Amanda Ribas and Taila Santos from the world of MMA, and professional boxer Savannah Rose Marshall. These partnerships provide Fight Out with even greater legitimacy.
Although REPS is the rewards currency of Fight Out, FGHT is the utility token. Not only is FGHT required to access Fight Out games, but it will also trade on crypto exchanges. REPS, on the other hand, operates within the Fight Out ecosystem exclusively. But REPS can be swapped for FGHT at any time nonetheless.
To invest in the future of Fight Out, FGHT tokens are still available at presale prices. Currently, each FGHT token is priced at $0.03090. This means that a $100 purchase will yield over 3,200 tokens. Moreover, the current presale stage offers a 7% discount from the confirmed exchange listing price. So far, Fight Out has raised over $5.6 million.
Presale Started December 14 Purchase Methods ETH, USDT, Transak Chain Ethereum Min Investment None Max Investment None 3. C+Charge – Earn Carbon Credits in an EV Charging EcosystemC+Charge is bringing the electric vehicle (EV) and carbon credit industries to web3. Its ecosystem will enable users to earn voluntary carbon credits when charging their EVs at a C+Charge station. As C+Charge will be compatible with OCPP 2.0 standards, it is expecting to partner with over 1.8 million charging stations globally.
Across the C+Charge network, its charging stations will enable EV drivers to pay with CCHG tokens. This is the utility token that fuels the C+Charge ecosystem. By paying with CCHG, the EV driver will receive GNT tokens. GNT is backed by Flowcarbon and the tokens represent carbon credits. This makes it a seamless process to store and/or sell tokenized carbon credits for real-world money.
Another reason why C+Charge is one of the best penny cryptocurrencies to invest in is that non-EV drivers can also earn carbon credits. This is achieved through a 'reflection' framework. Put simply, 1% of C+Charge transactions are used to buy carbon credits and then distributed to CCHG holders. As such, C+Charge is suitable for long-term crypto investors that seek passive income.
Additionally, C+Charge is also building a proprietary app for iOS and Android. Not only will the app be able to store CCHG and GNT tokens, but provide insight into local C+Charge stations. The app will also display accepted payment types (in addition to CCHG) and average charging times.
To invest in this green initiative, CCHG tokens can be bought via the C+Charge presale. Currently, each token costs just $0.02. As such, a $100 outlay would yield more than 5,000 CCHG. After the presale – which has already raised nearly $3.1 million, CCHG will be listed on an exchange. This offers an immediate upside for presale investors.
4. Tamadoge – Blockchain-Based Games With Virtual Pet OwnershipHaving completed its fundraising campaign in late 2022, Tamadoge is no longer available to buy at presale prices. But with a market capitalization of just $12 million, its native token, TAMA, is one of the best penny crypto to buy for maximum upside. Tamadoge has built a gaming ecosystem that is backed by web3 technologies.
Each gamer will have their own Tamadoge pet that is backed by an NFT. Players must care for their pets while also training them to improve their traits. Tamadoge pets can then be entered into battle on a PvP (Player-vs-Player) basis. Victorious players will then be rewarded with TAMA tokens.
Built on the Ethereum blockchain, Tamadoge is also developing its metaverse. Further down the line, its games will also support augmented reality. In the meantime, Tamadoge has launched a variety of arcade-style games that also enable players to earn TAMA.
This includes Super Doge, which is reminiscent of a classic side-scroller game. Tama Blast, on the other hand, requires players to score as many goals as possible within the allocated time frame. Tamadoge also offers a collection of in-game boosters, backed by NFTs. This enables players to fast-track the development of their Tamadoge pets. In turn, this increases the player's earning capabilities. Interested in finding out more about the best gaming coins in 2023? Follow the link below to explore the Tamaverse today.
5. Stellar – Large-Cap Penny Crypto With a Prolonged IBM PartnershipThose in the market for a large-cap project might consider Stellar as the best penny crypto to buy. Stellar has its own blockchain network that doubles up as a global payment system. It is already being used by IBM and MoneyGram, plus plenty of small-to-medium businesses.
The reason for this is that the Stellar blockchain supports more than 1,500 transactions per second, with each transfer taking less than five seconds to process. Plus, Stellar transactions cost under a cent to process, regardless of the transfer size or destination. Its proprietary crypto token, XLM, enables companies to settle transactions on-chain.
XLM also provides cross-currency transactions with real-time liquidity. Stellar is also an established blockchain project, with its XLM token first launching in 2014. According to CoinMarketCap, XLM was originally priced at $0.0024. XLM has since hit an all-time high of $0.70.
Currently, however, XLM is trading at just $0.08 – nearly 90% below its all-time high. Nonetheless, this is still one of the best penny crypto to buy for long-term gains. After all, as more and more companies integrate the Stellar network into their payment processes, this will increase demand for XLM.
6. Dogecoin – Popular Meme Coin and Payment Currency With Several Million Token HoldersDogecoin is one of the most popular penny crypto tokens in this space, with more than 3.5 million holders. The project was one of the first to introduce the 'meme coin' concept back in 2013. During this time, Dogecoin was priced at just $0.00030. With that said, it wasn't until early 2021 that global interest in Dogecoin went viral and slowly became the best meme coin to buy.
Elon Musk was at the forefront of this sudden spike in interest, with the Tesla CEO tweeting about the meme coin regularly. By mid-2021, Dogecoin hit an all-time high of $0.74. This represented year-to-date gains of over 10,000%. Like many other penny cryptocurrencies, the price of Dogecoin has since declined considerably.
As of writing, Dogecoin can be purchased for under $0.08 per token. If Dogecoin can recover its former all-time high of $0.74, this would yield an upside of over 800%.
7. TRON – Decentralizing the Entertainment Industry via the BlockchainFounded in 2017, TRON aims to revolutionize the global entertainment industry through web3 technologies. The project has its own native blockchain that supports smart contract agreements. This means that content creators can use the TRON blockchain to sell their works.
As the TRON ecosystem is decentralized, creators can set their own terms. All content sales conducted via TRON are processed in TRX. TRON transactions are significantly faster and cheaper than Ethereum. This is why TRON is sometimes described as the 'Ethereum Killer'. As of writing, TRX tokens are trading for under $0.07 each.
8. Decentraland – Established Metaverse Project With Virtual Land Ownership via NFTsDecentraland is an established metaverse project that was founded in 2015. But it wasn't until 2020 that its metaverse was released to the public. Decentraland allows users to socialize in the metaverse, play games, and even buy plots of land.
Users can also construct virtual buildings on the land that they purchase. According to Reuters, a record-setting $2.4 million was spent by just one user for a plot of land in Decentraland. Many other seven-figure purchases have since been made.
MANA is the utility token of Decentraland and is required to buy land. MANA has been hit hard by the broader bear market, trading at $0.62 as of writing. This is 85% lower than its all-time high of $5.20.
9. Algorand – Near-Carbon-Negative Blockchain for a Sustainable FutureAlgorand claims to be the most sustainable and green blockchain network in this industry. Its network is already achieving near-carbon-negative transactions. This means that Algorand requires next-to-no energy to operate.
In comparison, Bitcoin currently uses more energy than many countries on a national level. The Algorand blockchain is also efficient when it comes to fees and speed. For example, the average transaction fee is just 0.0002 – regardless of how much is being sent.
Moreover, it takes under four seconds for Algorand to validate a transaction. Algorand also has its own penny crypto – ALGO. Trading at just $0.22 as of writing, ALGO is the best penny cryptocurrency to buy for green investors.
10. The Graph – Indexing Protocol Servicing the Future of Web3Web3 is a transaction-heavy industry consisting of crypto, blockchain, smart contracts, NFTs, and more. As such, many networks in this space continue to struggle with efficiency. This is because too much data passes through the blockchain at any given time.
The Graph solves this issue through its native indexing protocol. Not only does the Graph organize blockchain data, but it makes it easily accessible. This enables the respective blockchain to operate in a faster, lower-cost, and more scalable manner.
GRT is the penny crypto that fuels the Graph ecosystem. Moreover, GRT is required to access its indexing protocol, so it has real-world value. As of writing, GRT tokens can be purchased for under $0.15 each.
11. 1inch Network – Decentralized Financial Services With 350+ Liquidity Providers1inch Network solves a major issue in the world of decentralized trading – liquidity. The reason for this is that 1inch Network utilizes over 350 liquidity providers to ensure that traders never lose out to slippage. Moreover, the 1inch Network ecosystem supports multiple blockchain networks.
This includes Ethereum, Binance Smart Chain, Polygon, Optimism, Fantom, and others. This project has its own governance and utility token – 1INCH. Currently, 1INCH can be purchased for just $0.53 per token. This is just a fraction of its 52-week high price of $2.07.
12. Enjin Coin – Blockchain-Based Gaming Guild for Play-to-Earn TitlesLaunched in 2017 and built on top of the Ethereum network, Enjin Coin is a gaming guild that specializes in play-to-earn titles. This enables third-party developers to build and deploy games on the Ethereum blockchain, via Enjin Coin.
Moreover, all games hosted by Enjin Coin enable players to earn ENJ, the native token backing the project. ENJ has had a good start to 2023, generating year-to-date gains of 75%. But at $0.42, this is still a small fraction of its all-time high of $4.30.
If Enjin Coin can recover its former peak, this would offer an upside of over 900%. Like most of the penny cryptocurrencies discussed in this guide, Enjin Coin can be purchased from the regulated broker eToro from just $10.
What are Penny Cryptocurrencies?There is no standard universal definition of penny cryptocurrencies. With that said, the term is generally used to describe cryptocurrencies with a value of under $1. This means that penny cryptocurrencies are ideal for investors that wish to buy a larger number of tokens without breaking the bank.
After all, with quality penny cryptocurrencies like Love Hate Inu available at just $0.000090, a $100 investment yields over one million tokens. Many penny cryptocurrencies are small-cap tokens that have the potential to generate sizable long-term gains. This requires investors to enter the market early and be prepared to hold for several years.
This buy-and-hold strategy is often the most effective way to approach penny cryptocurrencies. For example, when MANA was launched in 2017, it was trading at just $0.025. When MANA hit an all-time high of $5.14 four years later, this translated into gains of over 20,000%.
How are Penny Crypto Prices DeterminedPenny cryptocurrencies follow the same pricing framework as any other digital asset. Put simply, pricing is determined by market forces. When buying pressure increases, so will the price of the penny cryptocurrency.
And conversely, too much selling pressure will negatively impact the price of a cryptocurrency. Many penny cryptocurrencies that go on to generate huge returns do so because of hype.
For example, Love Hate Inu – which is the best penny crypto to buy today, has already raised over $1.2 million via its week-old presale. This is because its vote-to-earn mechanism is trending on several social media sites.
Additionally, another top penny crypto project – Fight Out, has raised over $5.6 million. The presale of its FGHT token is due to finish in the coming days but is still ongoing as of writing.
Should I Buy Penny Cryptos?What are the challenges that the crypto sector is facing? Are penny cryptos a good investment during the crypto winter? In this section, we take a closer look at whether or not penny cryptocurrencies are worth investing in.
Low-Cost TokensOne of the main attractions of penny cryptocurrencies is the low token price on offer.
Although the number of tokens owned is somewhat arbitrary, this can be beneficial in the long run.
For instance, if the project decides to burn some of its supply, then this will artificially increase the value of its token. Therefore, holding a larger number of tokens will yield additional value.
Often Related to PresalesMany penny cryptocurrencies begin life via a presale campaign. This enables the project to raise capital from the public. For example, Love Hate Inu, Fight Out, and C+Charge are all running their presale campaigns right now.
This allows investors to invest in their chosen presale at a huge discount. This is because as each presale stage sells, the price of the token increases. After the presale finishes, the token will list on an exchange at an even higher price.
Consider the Market CapitalizationIt is important not to focus exclusively on the current price of a penny crypto when assessing its investment viability. Instead, investors also need to consider the market capitalization. This is because some penny cryptocurrencies are large-cap projects.
For instance, as of writing, Ripple and Stellar are trading at $0.38 and $0.08 respectively, but have a market capitalization of over $19 billion and $2 billion. The main reason for this is that both Ripple and Stellar have a huge supply of tokens in circulation.
As such, the upside potential on these penny cryptos will be much lower when compared to Love Hate Inu and Fight Out. After all, both are in presale, so investors can gain exposure to the next cryptos to explode at the best price possible.
How to Buy Penny CryptocurrenciesTo buy penny cryptocurrencies with potential, investors first need to assess whether or not the tokens are currently trading on exchanges.
Love Hate Inu (LHINU), Fight Out (FGHT), and C+Charge (CCHG) are all currently engaged in a presale campaign. This means that rather than buying tokens from an exchange, the purchase can be made directly with the presale provider.
In the case of the other most promising penny cryptocurrencies discussed, an investment can be made at the regulated broker eToro. This popular broker requires a minimum investment of $10 and it accepts debit/credit cards and e-wallets.
How to Choose Penny Crypto Tokens for a PortfolioHere's a quick overview of how to find a top penny crypto for 2023:
Penny cryptocurrencies offer a sizable upside – especially those that are purchased during a presale campaign. Moreover, this marketplace enables those on a budget to buy a larger number of tokens with a small capital outlay.
Overall, Love Hate Inu is the best crypto under a penny that will explode in 2023. Its vote-to-earn concept has already raised over $1.2 million via the recently launched presale.
Consider buying its native penny crypto – LHINU, today to get the lowest entry price possible.
FAQsWhat is penny cryptocurrency?
Penny cryptocurrencies refer to digital assets that trade below $1. With that said, some analysts view penny cryptocurrencies as a digital asset trading under $5, similar to how the SEC defines penny stocks. Either way, penny cryptocurrencies carry a low cost-price, which appeals to investors on a budget.
What is the best penny crypto to buy now?
The best crypto under a penny that will explode in 2023 is LHINU. This is the utility token that fuels the Love Hate Inu ecosystem, which is developing a vote-to-earn rewards system. LHINU is available to buy right now via its presale campaign.
Are penny cryptos worth it?
Whether or not a penny cryptocurrency is worth buying is dependent on the fundamentals. For example, the project's whitepaper and roadmap, tokenomics, and use cases. Furthermore, investors should also remember that penny cryptocurrencies cover both small and large-cap tokens. As such, investors should also assess the market capitalization before proceeding.