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Penny cryptocurrencies are small-cap, highly volatile tokens that offer potential for explosive price gains. They represent a chance for everyday investors to become crypto millionaires.
However, choosing the right penny cryptos is crucial to seeing gains from these tokens. In this guide, we’ll explain everything you need to know about how to invest in penny cryptos and highlight the five best penny cryptocurrencies to buy today.
TRON Stellar Shiba Inu Pepe Kaspa VeChain Ethena Algorand Bonk Immutable Movement VVS Finance Entangle CorgiAI MESSIER Orbiter Finance Dione STRIKE Jupiter Project
#
Coin
Price
24h %
Market Cap
Volume
24h Range
1
TRON
TRX
$0.27
-0.19%
$25,704,596,024
$1,303,456,595
2
Stellar
XLM
$0.31
1.46%
$9,717,909,908
$355,715,963
3
Shiba Inu
SHIB
$0.0(4)16
5.82%
$9,521,838,965
$574,510,403
4
Pepe
PEPE
$0.0(4)14
11.61%
$6,172,787,203
$2,404,802,077
5
Kaspa
KAS
$0.12
9.19%
$3,254,888,990
$228,947,649
6
VeChain
VET
$0.03
4.09%
$2,712,813,787
$83,320,664
7
Ethena
ENA
$0.44
15.46%
$2,539,448,242
$522,546,270
8
Algorand
ALGO
$0.25
4.82%
$2,124,682,138
$112,629,789
9
Bonk
BONK
$0.0(4)23
7.77%
$1,784,516,491
$709,399,796
10
Immutable
IMX
$0.74
4.05%
$1,335,447,995
$71,236,935
11
Movement
MOVE
$0.23
6.71%
$569,078,746
$152,100,775
12
VVS Finance
VVS
$0.0(5)25
3.80%
$120,621,279
$589,678
13
Entangle
NTGL
$0.0(3)17
-
$103,745,321
-
-
14
CorgiAI
CORGIAI
$0.0(3)17
13.21%
$61,438,280
$169,310
15
MESSIER
M87
$0.0(4)54
8.17%
$47,868,042
$1,382,534
16
Orbiter Finance
OBT
$0.01
3.72%
$36,831,107
$4,232,820
17
Dione
DIONE
$0.0020
0.86%
$20,136,562
$211,556
18
STRIKE
STRIKE
$0.0043
2.47%
$16,995,552
$6,554
19
Jupiter Project
JUP
$0.0(3)77
10.12%
$775,302
$33,262
Top Gainers (24h)
Ethena
ENA
Pepe
PEPE
Kaspa
KAS
MESSIER
M87
Bonk
BONK
Top Losers (24h)
TRON
TRX
What Is the Best Penny Crypto to Buy Now?
Let’s take a look at five penny cryptos that have strong growth potential and could be among the best penny tokens to buy today.
1. Flare ($FLR)
Flare ($FLR) is a unique Layer-1 blockchain designed to support data-heavy decentralized operations. It’s also one of the most-used blockchains for interoperability, enabling connections between Ethereum, Ripple, and others.
Flare has its own blockchain oracle, which enables it to pull real-time data from across the internet and Web3, including other blockchains. This makes the system something of a cross between Ethereum and Chainlink, two of the biggest and most foundational networks in the crypto ecosystem.
The $FLR token is used to secure the Flare blockchain through staking, pay for network fees, and give token holders a say in governance. It has a strong established community of more than 30,000 token holders, plus a relatively high market cap over $745 million. Flare is currently working on Flare 2.0, a major upgrade to the network, which could make it even more versatile and help $FLR break out.
Find out more about Flare
2. Jasmy Coin ($JASMY)
JasmyCoin Price Chart
(JASMY)
JasmyCoin (JASMY)
Jasmy Coin ($JASMY) is another exciting penny cryptocurrency that gives individuals control over their digital data. The Jasmy network enables anyone to tokenize and sell their data, enabling them to monetize their digital footprint rather than give away data to companies at no cost.
The $JASMY token is used to facilitate these data sales on an integrated marketplace. It’s the main payment token for Jasmy’s network and is leveraged as a rewards token to incentivize users to sell their data. Companies that want access to data on the Jasmy network also have to hold large amounts of $JASMY, which pushes up its value.
$JASMY has a nearly $500 million market cap and is widely used in countries where data privacy is at a premium. It’s especially popular in Japan, where the token was first developed and released. As Internet of Things (IoT) technology demands ever-increasing volumes of personal data, Jasmy is well-positioned to see massive growth.
Find out more about Jasmy Coin
3. Gala ($GALA)
GALA Price Chart
(GALA)
GALA (GALA)
Gala ($GALA) is an all-in-one play-to-earn crypto platform and decentralized marketplace for content creators of all stripes. It supports musicians, videographers, graphic designers, and more within its Web3 marketplace, allowing anyone to monetize their creative work on-chain.
The project has already established a niche for itself as one of the top play-to-earn gaming cryptos. Gala Games has enabled developers to release popular titles like Townstar, Champions Arena, and Echoes of Empire. The $GALA token powers all of this development—it’s required for developers to build with Gala and can be used as an incentive token to entice players to engage with Gala-built games.
$GALA has a market cap of nearly $600 million and is listed on most major centralized exchanges. The project team is now working on its own Layer-1 blockchain optimized for gaming, GalaChain, which could open a path to new applications for the $GALA token and major price appreciation.
Find out more about Gala
4. VeChain ($VET)
VeChain Price Chart
(VET)VeChain (VET)
VeChain ($VET) is a highly unique blockchain designed specifically for supply chain management. It’s intended to make products and raw materials more traceable, more sustainable, and more efficient. It also serves a critical role in preventing fraudulent goods from entering the global marketplace, saving companies billions of dollars annually.
VeChain is used by major companies worldwide. Sensors like RFID trackers and QR codes allow companies to track products and materials throughout their journey, and all data is recorded immutably to the blockchain for full traceability.
The blockchain’s $VET token is required in order to use VeChain resources, such as accessing information or adding transactions to the blockchain. So, as more companies turn to VeChain for supply chain management, demand for $VET is expected to increase. VeChain is already one of the largest penny cryptos with a valuation of $1.7 billion, and it has the potential to get much larger.
Find out more about VeChain
5. VVS Finance ($VVS)
VVS Finance Price Chart
(VVS)VVS Finance (VVS)
VVS Finance ($VVS), also known as Very Very Simple Finance, is a decentralized crypto exchange built on Crypto.com’s Cronos blockchain. It’s designed to simplify decentralized finance (DeFi) by automatically routing market orders, making it easier to take advantage of yield farming strategies, and offering straightforward incentives for users.
VVS Finance has also become the de facto gateway into the Cronos ecosystem. It’s home to most new token launches on Cronos, and $VVS token holders can qualify for first access to ICOs on the decentralized exchange. The $VVS token itself offers trading discounts at the exchange, staking rewards, and governance rights over the future of VVS Finance.
$VVS is a relatively small-cap crypto with a market cap of just $100 million. Its fate is closely tied to the popularity of the Cronos blockchain, which in turn depends on the success of Crypto.com. Few centralized exchanges other than Crypto.com offer $VVS for trading, so additional listings are potential avenues for growth.
Find out more about VVS Finance
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Why Invest in Penny Cryptos?
Penny cryptos are a speculative class of cryptocurrency tokens with low prices, small market caps, and high volatility. They are usually priced around $.01 or less (sometimes much less) and have market caps of a few hundred million dollars to around $1 billion.
Many investors and traders focus on penny cryptos because they offer the potential for high returns. If a token gains traction, buying activity could easily force its price to jump by 10x or even 100x. That’s a much higher potential return than investors are likely to get from holding Bitcoin, Ethereum, or other major tokens.
In addition, penny cryptos can be appealing to investors with a small budget. $100 will buy you a lot of penny cryptos, but only a tiny fraction of one Bitcoin. That’s especially important in crypto since many tokens offer governance rights, and holding more tokens means a small-time investor has a bigger say in a project’s future.
Some crypto traders also focus on penny cryptos because they enjoy the volatility of these tokens. It can be exciting to trade around highly volatile tokens that can move 5% or more in a single day. This volatility may turn off some investors, but for others it can be a major draw.
How We Choose the Best Penny Cryptocurrencies
Wondering how we chose the best penny cryptocurrencies? We review top contenders using several criteria that are important for investing and trading. Let’s take a closer look.
Affordability & Accessibility (25%)
One of the main benefits of investing in penny cryptos is that they’re affordable for small-budget traders and investors. So, we always look at a token’s price and entry requirements to ensure that it’s actually easy to buy with a small amount of money.
For example, some penny tokens have minimum token holding requirements to unlock benefits, which isn’t very fair to investors with limited budgets. We specifically look for tokens that offer perks even if you only hold a small number of tokens.
Another thing we consider is how accessible a token is to purchase. Can you buy it off any major crypto exchange, or do you have to jump through hoops in order to get your hands on a specific penny crypto? We give a ratings boost to tokens that are more widely available. This is also usually a sign of mainstream adoption and support, which is important for a token’s future growth.
Market Hype & Community Support (25%)
Another major factor we consider in choosing the best penny cryptos is how likely a token is to grow in the near-term. This depends in large part on the degree of excitement around the token or project, upcoming catalysts, and how engaged the project’s community is.
Ideally, we look for tokens that are seeing a surge of new buying activity to generate momentum and buzz, and that usually includes projects with strong utility or meme coins. Penny cryptos can slowly gain value over time, but more frequently we’ve seen tokens slowly build momentum and then explode higher all at once after the market at large realizes a project could be big. Sustained buying activity and hype is the first stage of this explosive growth process.
We also look for tokens that have potential catalysts on the horizon, since these can put a project in the news and bring in new investors. Potential catalysts can include a new development release, a centralized exchange listing, or even macroeconomic events like a reduction in interest rates.
Finally, we consider how engaged a project’s community is by looking at social media and a project’s own analytics dashboard. High user engagement typically translates to strong demand for a token, even during a market downturn. A vibrant community can also be a form of marketing for a project, helping draw in even more investors.
Liquidity & Trading Volume (25%)
One potential downside to penny cryptos is that they can have low liquidity on exchanges, which makes them more difficult to buy and sell. Investors and traders may not be able to get the price they expect if there isn’t enough trading volume in a token.
This is why we look for penny tokens with relatively high trading volume and strong liquidity, ideally across multiple centralized exchanges. These tokens are much more seamless to trade and token holders can feel confident that they’ll be able to sell their coins at any time.
Ideally, daily trading volume should be at least 25% of a token’s market cap. This isn’t a strict rule, but it does give a baseline for when to worry about a penny crypto’s liquidity.
Security & Risk Assessment (25%)
It’s extremely important to ensure that a penny crypto is safe and legitimate before buying it. While many penny tokens represent real projects with underlying value and a fully decentralized community, that’s not always the case.
We consider multiple factors to assess whether a penny crypto is secure. First, we always look for security audits from third-party services like Coinsult and SolidProof. On top of that, we read a token’s whitepaper to ensure the platform or utility that is being built is within the realm of possibility and that the project’s token clearly relates to that utility.
Other ways we assess a project’s risk include conducting peer analysis against crypto tokens in the same niche and surveying token holders on social media to better understand why they are invested in a project. Centralized exchange listings can also be a sign that a project is legitimate since the best crypto exchanges do their own vetting, although this is not a guarantee of safety.
How to Buy and Store Penny Cryptocurrencies
Buying and storing penny cryptocurrencies is relatively easy. However, there are some important things to keep in mind.
First is choosing where to buy penny cryptos. The tokens we highlighted are available from most major centralized exchanges, including Binance, LBank, Gate.io, and others. However, not all penny tokens are available to trade at all exchanges. You must look to see where a token is available, then create an account with that exchange.
Once you buy penny cryptos, you can store them in an exchange account. This isn’t recommended, though, because these are custodial accounts and you are not in full control of your crypto. If the exchange were to go bankrupt, it could take your cryptocurrencies. This is what happened to FTX users when that exchange imploded in 2022.
Instead, we recommend storing your cryptocurrencies in your own crypto wallet, like Best Wallet. There are several different options for the best crypto wallet. Software wallets (also known as hot wallets) are typically free, easy to use, and allow you to actively trade your crypto. Hardware wallets (also known as cold wallets) are more secure, but they cost money and aren’t as seamless to use for active trading. With either type of wallet, you’ll have full self-custody over your cryptocurrencies.
Finally, it’s important to think about your risk when buying penny cryptos. These tokens are volatile, so it’s a good idea to diversify your portfolio across many different penny cryptos or across a mix of penny and large-cap cryptos. This diversification strategy can protect your overall portfolio value if the price of one of your penny cryptos falls.
What Are the Risks of Buying Penny Cryptos?
While penny cryptos have high potential, they also have high risk relative to other types of cryptocurrencies. It’s very important for investors and traders to be aware of these risks before buying.
High Volatility
Penny cryptocurrencies typically have very high volatility, meaning they can experience large price swings with very little warning. It’s common for penny tokens to see their prices rise or fall by 5% or more in a single day, even without a specific catalyst.
This is great when the price goes up, since investors and traders can earn a quick profit. However, when prices go down, you can lose a significant amount of money just as quickly. It’s important to be aware of this volatility and to be comfortable holding through downturns or using stop losses to limit how much you can lose.
Scams
While many penny stocks are legitimate, it’s also important to be wary of scams in this market. Some penny cryptos—especially those with very small market caps—are real tokens but are not backed by any utility or value. The project team can walk away with investors’ money and leave behind a worthless token in a move known as a rug pull. According to Immunefi, rug pulls and hacks together cost crypto investors $473 million in 2024.
Another type of scam to watch out for is a pump-and-dump scheme. This occurs when the people behind a token hype it up and generate a lot of fake buying activity, encouraging other investors to buy in as a token’s price goes up. Then the project team sells, setting off a major wave of selling and leaving investors in the lurch.
Always do your own research into a token and evaluate whether it’s legitimate before buying. Be sure to read a project’s whitepaper, explore the project’s community on social media, and check whether the wallets that are buying a token are connected in any way.
Low Liquidity
Penny cryptos can also suffer from low liquidity, which happens when there isn’t much trading volume in a token. Low liquidity can make it more difficult to buy and sell a token at the current market price, since there may not be any tokens available at that price. As a result, buyers may have to pay more to buy a token, and sellers may have to sell below market.
Be aware of liquidity risk when trading penny cryptos, and keep in mind that low liquidity can significantly eat into profits from a trade.
How to Manage Risk as a Penny Crypto Investor
There are several different strategies penny crypto investors can use to manage their risk and achieve the most profit.
Diversify Your Portfolio
One of the most important steps you can take to protect yourself as a penny crypto investor is to diversify your portfolio. If you hold many different penny cryptos, your entire portfolio won’t crash if a single token loses a lot of its value. Holding more penny cryptos also increases the chances that you own a winning coin that could deliver 10x or better gains.
Penny cryptos are highly correlated and can all rise or fall together as crypto market conditions change. So, it’s a good idea to diversify your portfolio not just across different penny tokens, but also across different assets. Smart investors often hold penny cryptos, large-cap cryptos, stocks, real estate, and other asset classes. Staking and yield farming can also provide steady returns regardless of what happens to token prices.
Use Stop Losses
Stop losses are orders at an exchange to automatically sell a token if it falls to a specific price. They can be very helpful for selling off tokens that lose significant value, so you get rid of them before they drag down your whole portfolio. Stop losses also encourage you to stick to your investment plan rather than become emotional and hold onto a token no matter how far it falls.
It’s also important to have an exit strategy for the upside. For example, if a token reaches a specific price, you can sell a portion of your holdings to lock in profits. Then you can continue holding the remaining portion of your position in hopes of earning a greater return.
Monitor the Market
Finally, it’s important for crypto investors to stay informed about the latest crypto news and trends. This can help you stay ahead of catalysts—positive or negative—that might affect the penny cryptos you own. It also enables you to identify hot market sectors or projects that might be worth investing in. The more you know, the better positioned you are to turn a profit in the crypto market.
