Best Penny Crypto To Buy in May 2024

Penny cryptocurrencies are tokens that have a value less than $1 and a small market cap. Penny cryptos are popular amongst investors who are looking to gain exposure to new crypto projects without needing to invest a large amount of capital. If these projects do well long-term, it is possible to make significant gains by purchasing penny coins.

In this guide, we will explore the best penny crypto to buy and how to buy them.

Best Penny Cryptocurriencies To Buy in 2024 – List

  1. Dogeverse (DOGEVERSE): The best multi-chain crypto to buy in 2024. Dogeverse aims to make crypto experience smoother and faster. By being available on several top blockchains, it offers lower transaction costs and quicker processing times.
  2. Sealana (SEAL): Solana’s rising star meme coin. The project’s playful mascot and its focus on community building are intended to appeal to investors looking for a casual approach to the crypto space.
  3. WienerAI (WAI): WienerAI disrupts the meme coin scene with its dachshund-inspired AI twist. Built on the Ethereum blockchain, this innovative token seeks to bridge the gap between canine loyalty and cutting-edge AI tech.
  4. MegaDice (DICE): The newest GambleFi token with great potential.
  5. 99Bitcoins (99BTC): An exciting project to learn about crypto and get rewards. 99Bitcoins connects you with a passionate community of crypto enthusiasts where you can learn and grow together.
  6. 5thScape (5SCAPE)A revolutionary VR gaming token that will support the entire 5thScape ecosystem. 5SCAPE tokens can be staked for passive rewards or used to access the platform.
  7. Sponge Token V2 (SPONGE V2)The second version of Sponge Token that brings added utility. SPONGE V2 can be staked or used to access exclusive Sponge P2E games.
  8. Smog Token (SMOG)Fantasy-themed SOL meme token that will reward holders with one of the biggest crypto airdrops in history.
  9. eTukTuk (TUK)The best penny crypto to buy for sustainable investors. TUK tokens will be used to support the roll out of the eTukTuk EV vehicle solution in developing countries.
  10. Slothana (SLOTH)The next SOL meme coin that could explode in 2024. Slothana is a traditional meme token with no utility. The presale sold out in weeks and the team is now hoping to generate a pump.
  11. Dogecoin20 (DOGE20)The more sustainable version of Doge coin that offers on-chain staking for passive rewards. Dogecoin20 is an ERC20 version of DOGE that has a deflationary supply to support long-term growth.
  12. Chilliz (CHZ): Top penny crypto to buy before the World Cup. Chilliz is a fan engagement token that allows fans to vote for their favourite sports teams on the Socios platform.
  13. (FET): A leading AI platform that supports the development of AI apps and services on blockchain technology. provides tools to build products and unlock the potential of AI.
  14. Tron (TRX): An open-source blockchain platform that can be used to build d’apps. Tron uses smart contracts to support transactions on the network and improve accessibility to blockchain technology.

Best Penny Crypto To Buy Now

The best penny cryptos to buy in 2024 are crypto presale tokens that can be purchased before they are listed on exchanges. The best coins to consider include Dogeverse, WienerAI, and Sealana.

In the following section, we will take a closer look at the best penny crypto coins to buy and why they might be good opportunities in 2024.

1. Dogeverse – The Best Multi-chain Crypto To Buy In 2024

Dogeverse, DOGE’s new multi-chain token, is making a splash with a record-breaking presale. Early investor interest is immense, as evidenced by the project raising a staggering $900,000 on the first day.

What sets Dogeverse apart? Unlike traditional meme coins, it offers a revolutionary approach: Dogeverse, a groundbreaking multi-chain doge token. Launched this year, it’s the world’s first of its kind, poised to bridge the gap between the six major blockchains.

Cosmo, the project’s fun mascot, embodies the freedom to explore different blockchains. This chain-hopping Doge translates to real user benefits: the ability to purchase tokens using networks known for their efficiency in terms of cost and speed.

dogeverse best low cap crypto gems

Dogeverse’s success is undeniable. Launched just two days ago, it exceeded expectations by raising over $900,000 in funding. With the highly anticipated “Doge Day” (April 20) approaching, enthusiasm for this multi-chain meme project is only expected to grow.

Dogeverse boasts a total token supply of 200 billion, with 15% allocated to the ongoing presale. The project aims to reach a soft cap target of $8.8 million, with a hard cap target exceeding $17 million.

Your money is at risk.

2. Sealana – Solana’s Rising Star Meme Coin

A new meme coin project arrives on the Solana scene: Sealana. This meme token features a portly seal as its mascot, embodying the dedication associated with the stereotypical crypto investor on a relentless quest for “#cryptogains.”

While the SEAL token itself currently lacks specific utility beyond its meme status, the project aims to capitalize on the current trend and generate significant returns for early investors participating in the presale.

sealana best solana meme token

Sealana utilizes a “send-to-wallet” method for its presale. Investors can participate by sending SOL directly to the project address or using the purchase option on the official website.

After the presale concludes, these early adopters will receive their SEAL tokens via airdrop. The project team plans to leverage social media buzz to build hype and potentially drive the price of SEAL upwards.

Your money is at risk.

3. WienerAI – Unleashing AI on the Meme Coin Universe

While the adorable dachshund theme might initially grab your attention, WienerAI offers more than just meme coin charm. This innovative project leverages AI technology to continuously enhance itself, aiming to become a long-term leader in the meme coin space.

WienerAI caters to early investors with attractive staking rewards. These rewards decrease throughout the presale, incentivizing early participation. Currently, the APY boasts a staggering 1881%.

The WienerAI token

Built on the ERC-20 standard, WienerAI allows for participation in the presale using either ETH or USDT.

Your money is at risk.

4. MegaDice – The newest GambleFi token with great potential

The DICE token serves as the native cryptocurrency for the MegaDice platform, a key player in the cryptocurrency casino sector. By using DICE, players can participate in games on the platform, access exclusive benefits and bonuses, and engage in crypto airdrops.

megadice best crypto presales

MegaDice distributes a portion of its income, including transaction fees and profits, to DICE token holders. This revenue-sharing strategy incentivizes holding DICE tokens and staying engaged with the MegaDice ecosystem.

Thanks to its strong reputation in the crypto casino market, DICE is likely to see significant interest from players.

Currently, the ongoing presale event offers DICE at a discounted price.

Your money is at risk.

5. 99Bitcoins – An Exciting Project To Learn About Crypto And Get Rewards

99Bitcoins launches as an ERC-20 token, strategically transitioning to BRC-20 in the future. This move positions it at the center of the booming Bitcoin dApp ecosystem, allowing you to leverage the power of Bitcoin while enjoying the flexibility of decentralized applications.

Earning with $99BTC is not limited to holding the token. The platform recognizes and rewards your commitment to learning. Advance through interactive courses and actively engage in the community to earn $99BTC, which will be directly deposited into your Ethereum wallet.

$99BTC doesn’t stop at education. As a token holder, you’ll have access to Ethereum staking rewards, providing a valuable passive income stream to complement your learning efforts.

Your money is at risk.

6. 5thScape – A promising gaming crypto token for long-term investors

Although many of these digital assets are most suitable for short-term investing, 5thScape stands out as one of the best long term cryptocurrencies.

5SCAPE is the utility token of the 5thScape VR gaming ecosystem – an immersive ecosystem that will harness blockchain technology to develop the best VR and AR gaming products.

5thscape penny cryptocurrency

According to the project roadmap, 5thSacpe will release a series of market-leading VR games and hardware over the course of the next 2 years. This gives the project long-term potential and will see demand for 5SCAPE increase over time.

5SCAPE is an ERC20 token with strong utility. The crypto will be used by players to access the platform, pay for in-game assets, and take part in voting. For investors, 5SCAPE can be staked fir passive rewards. Moreover, 5SCAPE tokens will be given to developers as a reward for their participation.

Investors who stake their 5SCAPE tokens will be eligible for free entry to the ecosystem, this has made the current token presale very appealing to VR game enthusiasts.

Your money is at risk.

7. Sponge Token V2 – The best utility meme token that could explode

If you missed out on the opportunity to invest in Sponge V1, the V2 token has been launched by developers to generate similar gains. Sponge V2 is a meme coin with added utility – investors will be able to use their tokens to play SPONGE P2E games.

spongev2 best penny crypto

Sponge token is an ERC20 meme coin that is based on the iconic cartoon character. The aim of the original token was to pump and provide generous returns to investors. This was successful and SPONGE managed to gain over 340% in one week after the first presale. This provided significant returns for investors who were able to buy Sponge during the presale event.

The V2 token offers a second opportunity to profit from this popular meme coin, with the added benefit of token utility. To buy V2 tokens, you must purchase V1 and stake these coins for V2 rewards. V2 tokens will be distributed over 4 years to encourage long-term participation.

The Sponge V2 presale has been ongoing since the beginning of the year and is expected to sell out soon. Now could be your last opportunity to invest before the next pump.

Your money is at risk.

8. Smog Token – Invest to take part in the biggest Solana airdrop in history

Smog token is another promising Solana meme coin that has attracted the attention of short-term investors in 2024. Smog will launch one of the biggest crypto airdrops in history, rewarding token holders generously.

Smog best penny crypto

To participate in the Smog airdrop, you must invest in SMOG through the presale and lock up your tokens in the staking pool. The more you stake, the more you will be eligible to receive during the airdrop.

The Smog token presale is selling out quickly and there is not long left to get involved in the airdrop event. To buy SMOG, head to the presale and Swap USDT, SOL or ETH for SMOG tokens.

Your money is at risk.

9. eTukTuk – The best crypto to buy for eco-conscious investors

eTukTuk is the latest green crypto project that is close to closing its presale event. The project is the world’s first blockchain-based EV TukTuk ecosystem that will support the adoption of electric vehicles in developing countries.

As it stands, traditional TukTuks contribute massively to the carbon emissions that are released by these countries. eTukTuk aims to solve this with a sustainable vehicle alternative.

etuktuk best penny cryptocurrencies

The ecosystem will be supported by the TUK utility token – an ERC20 token that will be used by drivers to pay for fuel and by passengers to pay for rides. TUK can also be locked up in a staking pool for governance and passive returns.

eTukTuk will use blockchain technology to create an intelligent ecosystem that can run itself. The use of blockchain will also improve the security of the EV industry in developing countries and support transparent payments.

As a pioneering crypto project, eTukTuk is worth watching for long-term investors.

Your money is at risk.

10. Slothana – The next SOL meme coin to explode in 2024

2024 has been a great year for SOL meme coins with the likes of Bonk and DogWifHat seeing huge returns. For investors who missed the opportunity to buy these tokens before they exploded, SLOTH presents another opportunity to profit.

Slothana is a new SOL meme coin that aims to replicate the success of other explosive meme cryptocurrencies. The witty crypto project will use hype and FOMO to attract investors and send the price of the seemingly worthless meme coin upwards.

slothana best penny crypto

Like most meme coins, Solthana has no real utility. However, the website does suggest that there may be a future airdrop event that could reward token holders.

It is possible to buy SLOTH from DEX by swapping SOL for SLOTH tokens.

Slothana is a good penny crypto to buy if you are looking to participate in the next pump. However, investing in meme tokens is very risky and you should not invest with more than you can afford to lose.

Your money is at risk.

11. Dogecoin20 – The best penny crypto to buy for meme coin investors

Dogecoin20 is the ERC20 version of Dogecoin that solves problems that are persistent in the existing Doge ecosystem.

Firstly, Dogecoin20 is more sustainable than Doge because it is built on the environmentally-friendly Ethereum blockchain network. The use of Ethereum also means that Dogecoin20 can be staked for passive rewards.

Dogecoin20 best penny crypto

Furthermore, Dogecoin20 has a deflationary supply which will increase scarcity over time. This is an improvement on the original Dogecoins’ inflationary supply, which has made it difficult for the meme coin to surpass $1.

The total supply of Dogecoin20 is 140 billion which will be distributed between marketing, staking, liquidity, and treasury.

Dogecoin20 is one of the best meme coins to buy right now which makes it an excellent penny crypto to consider.

Your money is at risk.

12. Chiliz – The best penny crypto to buy before the 2024 World Cup

If you’re looking for a fun crypto token to buy that could see significant returns in 2024, Chiliz could be a good option to consider. The penny crypto is the native token of the Socios fan token platform, which allows users to vote for their favorite teams and players, and win rewards for accurate predictions.

chiliz best penny crypto 2024

Chiliz is its own layer 1 blockchain network that was created specifically for fan tokens. The aim of the project is to bring fans together and build a large web3 community of enthusiasts.

CHZ tokens can be used to access exclusive content, vote, participate in community activities, and enhance the fan experience. CHZ is predicted to increase around the upcoming World Cup tournament, as the demand for the token goes upward.

You can buy CHZ tokens from platforms such as eToro, Binance or Kucoin.

13. – The best AI penny cryptocurrency to buy in 2024 is an open blockchain platform that provides tools for building AI products. uses ‘AI agents’ to make smart decisions and offer innovative solutions.

The blockchain platform helps people automate everyday tasks. Users are given a ‘digital twin’ that interactives with other ‘digital twins’ to negotiate deals and perform transactions. For example, your digital twin could interact with airline attendant digital twins to book flights according to your parameters. best penny crypto to invest in

The platform is powered by the FET utility token. The token is used as the primary means of exchange on the platform – it is used to pay for platform fees, deploy AI and pay for services.

You can buy FET on Coinbase, eToro, Binance and a number of other reputable platforms. FET has a deflationary supply and is built on the Ethereum blockchain network.

14. Tron – A blockchain platform that hosts entertainment apps

Tron is a blockchain network that is powered by the TRX utility token. The token originally launched as an ERC20 token before moving to its own blockchain network.

The Tron network is mainly used for hosting entertainment apps and uses smart contracts to facilitate transactions. The network is currently the world’s fastest-growing blockchain with a transaction count of over 7 billion.

tron best penny crypto to buy

The network is powered by the TRX utility token which is used to pay for transactions and connect the entire ecosystem. The token was issued by the TRON DAO.

Tron is a good penny crypto to consider in 2024 because it powers one of the largest blockchain networks. This means that demand for TRX is likely to remain high.

What Are Penny Cryptocurrencies?

Penny cryptos are cryptocurrencies that are valued under $1 – they are often worth less than 1 cent. Due to their low price, hot penny cryptos can be bought in large quantities without needing to put much capital at risk.

penny crypto

Penny cryptocurrencies are intriguing because of their low price point, which can make them seem like an enticing investment opportunity. However, it’s important to approach them with caution. Due to their low value, penny cryptocurrencies are highly volatile and can experience significant price fluctuations This means that their prices can skyrocket or plummet within a short period of time, making them risky for investors.

Investing in penny cryptocurrencies requires thorough research and due diligence. It’s crucial to understand the project behind the cryptocurrency, its potential for growth, and the credibility and expertise of the team behind it. Although there have been success stories of people who made significant profits from investing in hot penny cryptocurrencies, there are also many who have suffered substantial losses.

Investors who are looking to build a more stable portfolio could consider the best long term cryptos. These tokens often have a higher price than penny cryptos but provide more stable price movement.

Are Penny Cryptocurrencies a Good Investment?

Penny cryptocurrencies can be a good investment opportunity – so long as you conduct thorough research and analysis. Some of the best cryptocurrencies on our list have the potential to provide investors with substantial returns. However, not all penny cryptos will see growth, and investing in undervalued coins is not suitable for every type of investor.

Nevertheless, here are some reasons why penny cryptos could be a good investment in 2024.

Potential price appreciation

One of the main reasons that some investors may choose to buy hot penny crypto is the potential for significant capital appreciation. Unlike more established coins, penny cryptos are still in their early stages. This means that with the right timing and research, investors have the chance to get in at the ground floor and reap the benefits when the price soars. The allure of generating substantial profits from a small initial investment is enticing for many, making penny cryptos with 1000x potential an attractive option.

Portfolio diversification

Another reason that an investor may choose to buy penny crypto is the opportunity to diversify their portfolio without the need to invest a large sum. Penny cryptocurrencies allow investors to expose themselves to new promising cryptocurrencies, using only a fraction of their available capital.

For investors with money to lose, this can be a fairly low-risk way to diversify with new currencies. By spreading investments across a variety of low-priced coins, investors can take advantage of potential growth in multiple areas, even if some coins do not perform as expected. Diversification helps minimize the impact of any individual coin’s volatility, providing more stable trading strategies.

The risks of buying penny cryptos

The main risk associated with buying penny cryptos is that many of these currencies are new projects that may never reach their promised potential. It is normal for new crypto projects to promise huge returns but never see these targets through. This is because the success of new projects relies on investor interest, which cannot be guaranteed.

If a project fails to attract investors during the initial stages, it may not raise enough funds for future development. This could prevent penny cryptos from making any significant gains.

Furthermore, these cryptocurrencies may be more susceptible to fraudulent projects or pump-and-dump schemes, making thorough research and due diligence crucial before investing.

How To Buy Penny Cryptocurrencies in 2024

There are two main ways to buy penny cryptocurrencies: through a crypto exchange or through a presale. Out of the 10 top penny cryptos that we have found, 7 of them are currently available via presale.

In the next section of our guide, we will walk you through the steps that you should follow to take part in a crypto presale. If you are interested in buying crypto from an exchange, take a look at our helpful guide on how to buy ICO tokens.

Step 1: Create a crypto wallet

To take part in a crypto presale, you will need to create a cryptocurrency wallet that is compatible with the relevant blockchain network.

For ERC20 tokens, MetaMask is a good option to consider. Coinbase Wallet is another popular option that can be connected to most presale events.

metamask wallet buy penny crypto

To create a wallet account, download the wallet app or extension and click ‘create new wallet’. Then, follow the prompts.

Step 2: Fund your wallet

The next step involves funding your wallet with coins that can be swapped for presale tokens. Examples include ETH, USDT or SOL.

You can buy coins directly from your wallet or send coins from an exchange to your wallet by using your wallet address.

Make sure that you have enough funds to cover the cost of buying presale tokens as well as gas fees.

Step 3: Connect your wallet to the presale

Once you have funded your crypto wallet with tokens, go ahead an connect it to the presale that you would like to participate in.

dogecoin20 presale how to buy penny cryptocurrencies

This process is relatively simple. Select the wallet that you would like to use and press ‘connect’.

Once you have connected your wallet to the presale, you will be able to use your funds to buy presale tokens.

Step 4: Claim tokens after presale

When you buy crypto from a presale, you will not be able to trade the tokens straight away. Instead, you will have to wait for the presale to end to claim them.

This involves reconnecting your wallet to the presale and selecting ‘claim’. You will then need to follow the instructions provided by the presale website.

Some of the best crypto presales allow you to stake your tokens before the presale has finished. This is a good way to take advantage of high APYs.

Your money is at risk

How To Find The Best Penny Crypto

One of the biggest challenges faced by crypto investors is finding cryptos under a penny that have potential. It can be difficult to determine worthwhile projects from the shitcoins that don’t have long-term potential.

To find the best crypto under a penny, you should use a variety of sources, conduct regular market analysis, and stay up-to-date with the latest project launches.

Here is a closer look at how to find the best penny cryptos.

penny cryptocurrencies

Cryptocurrency presales

One of the best ways to find promising penny stocks is to participate in crypto presales.

These presales, also known as initial coin offerings (ICOs), allow investors to purchase tokens or coins at a discounted price, with the hope that the value will increase once the project is fully operational.

One of the main advantages of participating in a cryptocurrency presale is the potential for high returns on investment. Early investors often receive bonus tokens, making the initial purchase even more lucrative. Additionally, if the project gains traction and becomes successful, the value of the tokens can skyrocket, resulting in significant profits for those who participated in the presale.

Token listing alerts

Token listing alerts play a crucial role in keeping investors informed about new listings on various exchanges. These alerts act as a means of notifying users whenever a new token is listed for trading. This information is valuable for traders and investors alike, as it helps them stay up-to-date with the latest opportunities for investment.

You could set a listing alert for penny cryptocurrencies to find the next best penny crypto opportunities. By doing this, you would be notified every time a new penny coin is launched on the market.

Social media

Our favorite way to find penny cryptos with potential is to participate in social media communities. There are hundreds of active communities that offer exclusive insight into the crypto market and often reveal valuable information about the best projects.

You can use social media to find penny cryptos by using relevant hashtags such as #cryptogems or #pennycryptos. Another good idea is to follow knowledgeable influencers who often receive early insight into new projects. Using social media is also a great way to gauge the sentiment around a project before investing, which is a good way to determine whether or not it has potential.

Best Penny Cryptocurrency – The Verdict

The best penny cryptos to buy in 2024 include Dogeverse, Sealana and WienerAI. However, there are numerous other tokens that stand out as promising opportunities.

The top cryptos under a penny are tokens that have long-term potential which can be determined by looking at the tokenomics, roadmap, project team and community. By investing early in a project that has potential, you could see significant returns on your investment.

However, there is no guarantee that the value of penny cryptocurrencies will ever go up. Never invest more than you can afford to lose and always conduct thorough research before making any investment decisions.

Your money is at risk.


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By Ruby Layram

Ruby is an SEO Editor who occasionally contributes as a writer for ICO Bench. Ruby has been working in the Fintech and Personal Finance space for 5 years and has been featured in a number of reputable online publications including The Motley Fool UK, Bankless Times, Cryptonary, TradingPlatforms and BuyShares.