Best Penny Crypto to Buy for 2022

Penny cryptos offer a cheaper way to enter the digital currency market and also allow investors to create a diverse portfolio in a shorter amount of time.

There are thousands of digital currencies in existence – many of which are priced at just a fraction of a penny.

As such, to narrow down the all-important search – this guide analyzes and ranks the 10 best penny crypto to buy for 2022.

Quick Look at the Top 10 Penny Cryptos of 2022

Below is a list of penny cryptocurrencies with potential:

  1. Tamadoge (TAMA) – Overall Best Penny Crypto to Buy for 2022
  2. Battle Infinity (IBAT) – Incredible Metaverse with Fantasy Sports Game and NFT Ownership
  3. Lucky Block (LBLOCK) – Exciting Penny Crypto Project With NFT Competitions
  4. DeFi Coin (DEFC) – Native Token of Growing DEX Platform
  5. Cardano (ADA) – Energy-Efficient Penny Crypto With Applications Including NFTs and DeFi
  6. Immutable X (IMX) – Penny Crypto From the Development Team Behind Gods Unchained
  7. Stellar (XLM) – Potentially Undervalued But Well-Established Penny Cryptocurrency
  8. Dogecoin (DOGE) – Meme Penny Cryptocurrency With a Huge Community Following
  9. IOTA (MIOTA) – IoT Network With ZERO Transaction Fees and Almost Unlimited Scalability
  10. Gala (GALA) – Simple and Intuitive Blockchain Gaming and Metaverse Platform

There is a wide range of penny crypto assets in the list above, which should satisfy the objectives of most investors depending on the use case and utility sought after.

Full Reviews of the Best Penny Cryptos to Invest in 2022

Having scoured the market, we believe the cryptocurrencies listed below would be a worthy addition to any investor’s portfolio.

To aid the decision-making process for investors, we’ve detailed key points like what the project is all about, use cases, market cap, and more.

1 – Tamadoge (TAMA) – Overall Best Penny Crypto to Buy 2022

Tamadoge (TAMA) is an exciting new meme coin that is on presale now and has rocketed past $1 million in sales this week.

While it offers the potential for big games and all the community perks of other meme coins like Shiba Inu and Dogecoin, Tamadoge will offer long term utility and value for holders, incorporating a metaverse, NFT ownership and a play-2-earn game.

The Tamaverse is centred around Pets, collectible NFTs that holders can grow, breed, feed and care for allowing it to grow in experience. Once it gets big enough, Pets are able to battle against other Pets, earning points and putting the player on a global leaderboard for rewards.  The higher up the leaderboard a player gets, the bigger the split of the rewards pool they get.

TAMA 1 million

By the start of 2023 the Pets will be in full 3D and by Q3 2023 there will be augmented reality functionality, with players able to have their pets hunt in the real world for TAMA tokens and rewards.

The token is also grounded in strong tokenomics, with a fixed total supply of two billion tokens, 50% of which are available to presale investors – The remainder is split between funding the project’s development (30%) and providing liquidity for exchanges (20%).

The Tamadoge revenue split is equally as attractive. 65% of revenue generated by transactions in the Tamadoge store will be sent to the P2E rewards pool, 30% will fund the marketing and development of Tamadoge, and 5% gets burned to keep prices strong and to ensure the TAMA token is scarce.

Tamadoge has been audited by Solid Proof and has had its KYC validated by CoinSniper to give ensure potential investors know the project is legitimate and credible.

Join the Tamadoge Telegram group to stay updated with the project.

Min Investment 1,000 TAMA (∼$10 + gas fee)
Max Investment N/A
Purchase Methods ETH, USDT, Debit / Credit Card (via Transak)
Chain Ethereum
Beta Sale Ends 2nd September 2022
Presale Ends Q4 2022

 

2- Battle Infinity (IBAT) – Incredible Metaverse with Fantasy Sports Game and NFT Ownership

Battle Infinity is an ecosystem that hosts numerous blockchain games. The native token of Battle Infinity is IBAT and sold out 16,500 BNB – or $5 million – in just 24 hours and will be reaching exchanges soon. IBAT has been built on the Binance Smart Chain and offers the best NFT games on the market.

Battle Infinity is a metaverse. As such, users can interact in real-time with avatars in a digital world. Moreover, the Battle Store features some enticing play-to-earn games (P2E). This platform’s flagship feature is the IBAT Premier League.

IBAT Premier League is a fantasy sports experience that is integrated with NFTs and the metaverse. Investors will need to buy a unique NFT pass that is comparable to a digital ticket. This enables them to enter into fantasy sports matches and games on the Battle Infinity platform.

Battle Infinity

The funds used to buy an NFT pass are held in the IBAT Stake Pool until the respective season or match is complete. At which point, 5% of the funds go to the foundation, 5% contributes to the completion of daily tasks, and 90% is used to reward top teams and winners of the particular game.

On this subject, skilled users can look forward to earning rewards to generate an income. Rewards can be earned from having the highest total score in a match or league, completing daily tasks, and ranking highly on the leader board. Have you ever wondered what the best crypto to buy during the crash is? Read our article to find out more.

Users can also win NFT pass rewards for achieving the top rank in the league or match. Investors can swap, buy and sell any NFT from within the game via the Battle Market. IBAT tokens can be swapped for other cryptocurrencies without the need for an intermediary by heading over to the Battle Swap exchange.

Check the Battle Infinity Telegram group for updates, including news on listings on exchanges including PancakeSwap. More information on the project can be found in the whitepaper, which can be downloaded from the Battle Infinity website.

3 – Lucky Block (LBLOCK) – Exciting Penny Crypto Project With Daily Jackpot Draws

Lucky Block was launched in January 2022 at a presale price of $0.0015. Lucky Block is already one of the most promising penny cryptocurrencies as well as one of the best new cryptos in the space. Following one of the best crypto presales ever, Lucky Block made history by becoming the fastest digital currency to hit the $1 billion market cap.

Those looking for crypto under a penny that will explode need look no further than Lucky Block. This project has a crypto-gaming use case that allows traders and investors to enter daily prize draws on the blockchain.

Free giveaways are facilitated using the platform’s native token, LBLOCK. After linking a wallet with Lucky Block, users will be entered into the daily prize draw for free. It’s no wonder this innovative penny crypto attracted more than 50,000 investors within 90 days of its launch.

Lucky Block Price

Lucky Block has created 10,000 unique NFTs. Anyone buying a Lucky Block NFT will automatically become a member of the Platinum Rollers Club. This entitles members to a plethora of benefits, including lifetime access to the Lucky Block NFT draw. 2% of the daily prize pool is allocated to Lucky Block NFT holders.

Moreover, when buying a Lucky Block NFT, investors are also entered into a prize draw. The latest prize up for grabs was a Lamborghini. As we touched on, the presale price was $0.0015, albeit, within a month this exciting cryptocurrency had increased by almost 6,000%. At the time of writing, Lucky Block is trading at an 89% discount from the aforementioned all-time high.

4 – DeFi Coin (DEFC)- Native Token of Growing DEX Platform 

Looking for crypto under a penny that will explode? DeFi Coin – although fairly new to the scene, is making waves. DEFC is the native cryptocurrency of the DeFi Swap platform. Buying DEFC enables traders to invest in the broader DeFi Swap ecosystem

On the DeFi Coin platform, investors can swap digital tokens without having to go to a third-party centralized exchange. For the time being, the focus is on coins that are built on the Binance Smart Chain. That said, according to the platform itself, the project will offer cross-chain functionality in the near future.

DeFi Coin price

One of this project’s core offerings is enabling investors to stake DEFC on the exchange. Those who decide to invest in DeFi Coin can earn up to 75% APY via staking. This allows investors to earn interest on their idle cryptocurrencies, rather than just hoping for capital gains.

This is because, if an investor chooses the 365-day staking terms, they will be able to earn the aforementioned maximum APY of 75%. In a nutshell, for every 1,000 DEFC tokens that are staked and then held for a year, the investor could earn up to 750 extra crypto coins.

Cryptoassets are a highly volatile unregulated investment product. 

5 – Cardano (ADA) – Energy Efficient Penny Crypto With Applications Including NFTs and DeFi

With a vision to improve life and shift power to the periphery, Cardano, a blockchain platform, has great ambitions. Cardano describes itself as a platform for innovators and visionaries. The native coin of Cardano is called ADA, and it is used to cover transaction costs.

Cardano supports smart contracts. It may be used by developers to create decentralized finance (DeFi) systems and apps (dApps). This crypto project also has an NFT marketplace, called CNFT.IO.  Furthermore, this is also one of the few blockchains with leading environmental practices.

According to Cardano’s founder, the network only consumes 6 GWh of energy annually, making it possible to create a balanced and sustainable environment. This is a tiny energy footprint compared with Bitcoin – which uses around 115.85 terawatt-hours annually.

Cardano price

This platform also employs a Proof-of-Stake consensus process, where users of the currency purchase tokens to join the network, making it naturally more energy efficient than Bitcoin. As well as being one of the more eco-friendly digital coins, it is one of the best penny cryptocurrencies for staking rewards.

Investors who stake Cardano’s native cryptocurrency can earn annual rewards of over 11%. Cardano peaked at a little under $3 in September 2021 and at the time of writing is trading at less than $0.50, making it one of the best penny cryptocurrencies. The market capitalization of Cardano at the time of writing is over $16 billion.

Cryptoassets are a highly volatile unregulated investment product. 

6 – Immutable X (IMX) – Penny Crypto From the Development Team Behind Gods Unchained

Immutable X offers a second-layer NFT solution for the DeFi industry and the next generation of web 3.0 games. The project’s objective is to make NFTs as useful as some traditional cryptocurrencies, if not more so.

Notably, Immutable X is the project in charge of creating some of the best NFTs to buy – Gods Unchained and Guild of Guardians. For those unaware, Gods Unchained is a tactical free-to-play game on the Ethereum blockchain.

The Immutable X project also aids in overcoming developer limitations. The network offers an adaptable framework that anybody can use to create unique decentralized markets. This includes blockchain-based games, and much more.

Immutable X Price

Immutable’s minimal cost structure makes it perfect for NFT gaming. There are no gas costs associated with creating or launching a play-to-earn ecosystem via Immutable X. On sales and NFT trades, a modest fee is charged.

Immutable X specifically collects 2% and distributes the fees around the network. The documentation provided by Immutable X states that 2% of these fees are converted to IMX and added to the staking reward pool.

At the time of writing, Immutable X has a market capitalization of less than $250 million. As such, the upside potential on this project could be huge.

Cryptoassets are a highly volatile unregulated investment product. 

7 – Stellar (XLM) – Potentially Undervalued But Well-Established Penny Cryptocurrency

Those searching for the best penny crypto to buy will have come across Stellar. The native token of this decentralized network is XLM. The Stellar network is distributed among numerous servers, like other blockchain-based decentralized platforms and exchanges.

The usefulness and practicality of XLM are key determinants of its value. Stellar’s capacity to handle international payments rapidly, effectively, and affordably allows it to tick many boxes.

Stellar Price

IBM and MoneyGram are two of the most important partners Stellar has established. Stellar was created with the common user and underdeveloped nations in mind.

This allows Stellar to facilitate more efficient cross-border remittance flows and payments from Africa to Europe and vice versa.

As such, the platform offers easy, rapid, and affordable transactions that provide users with better access to the global economy. At the time of writing, this penny crypto has a market capitalization of nearly $3 billion and has always been a cheap crypto under $1 since its launch.

Cryptoassets are a highly volatile unregulated investment product. 

8 – Dogecoin (DOGE) – Meme Penny Cryptocurrency With a Huge Community Following

Despite starting off as a meme token and a lighthearted alternative to Bitcoin, Dogecoin is still one of the most promising penny cryptocurrencies to invest in. Dogecoin runs on its own blockchain. Its token, DOGE, can be used to pay for tips on Twitter, and other goods and services.

Dogecoin became publicly listed in 2013. Things didn’t really take off for the project until 2021 when it became the first big meme cryptocurrency. Reddit and other online communities of retail investors joined forces to send DOGE ‘to the moon’ by buying on mass.

Dogecoin price

Not only that, but Teslas’s CEO and other celebrities showed their support for Dogecoin on social media platforms. This also sent small investors into a buying frenzy, causing the coin to rise in value.

Although this penny cryptocurrency began as a parody, it soon managed to go from a market capitalization of around $1.3 billion at the start of 2021, to over $85 billion by May of the same year.

At the time of writing, Dogecoin has a market capitalization of nearly $9 billion. Investors who believe DOGE could go to the moon again might add it to their portfolio now whilst it is trading at a 950% discount compared with its all-time high in 2021.

Cryptoassets are a highly volatile unregulated investment product. 

9 – IOTA (MIOTA) – IoT Network With ZERO Transaction Fees and Almost Unlimited Scalability

Those looking for something a little different from the other assets on this best penny crypto-list might like IOTA. Unlike many other cryptocurrencies, IOTA does not carry out its operations using blockchain technology.

Instead, a variety of IoT (Internet-of-Things) apps are used by the platform. IOTA originally began as a maker of IoT hardware chips. The company shifted its attention to advancing the decentralized network features of this technology after seeing the potential of an IoT network.

As such, the IOTA project enables developers to investigate use case scenarios, their interfaces, and various IoT features in more detail. The IOTA network is specifically capable of handling data transfer to and from IoT ecosystem-linked devices.

IOTA price

The IOTA ecosystem’s primary utility token is MIOTA. This coin is used to pay fees, deploy smart contracts, and account for transactions. IOTA’s expandability is essentially only constrained by the adaptability of its programming languages according to the way it is structured.

When investing in IOTA, there are no transaction fees to pay. The market capitalization of MIOTA at the time of writing is over $844.6 million.

Cryptoassets are a highly volatile unregulated investment product. 

10 – Gala (GALA) – Simple and Intuitive Blockchain Gaming and Metaverse Platform

Gala is the best penny crypto for those interested in gaming and the metaverse. Gala is a community-led platform with a variety of crypto games under development. Importantly, it is not centered on one particular crypto game or virtual world.

There are also some significant achievements on the horizon for the team behind this penny crypto. The most noteworthy is Gala’s intention to switch to a private blockchain. At the time of writing, it is supported by the ecosystems of Binance Smart Chain and Ethereum.

By moving over to its own network, it will create an ecosystem that allows it to lower costs and accelerate transaction times. Moreover, Gala and the Epic Games Store are partners. Epic is a significant non-blockchain gaming firm.

Gala price

One of the first web 3.0 games to be launched on the Epic platform will be the forthcoming Wild West title – GRIT. While there are numerous cryptocurrency initiatives that provide opportunities for metaverse participation, Gala is noteworthy since it also grants users access to NFTs and play-to-earn games.

From the start of 2021 to the end of the year, Gala witnessed gains of more than 45,000% for investors. Gala’s all-time high was $0.71 in November 2021. At the time of writing,  it has dropped sharply by almost 92% from that high.

According to CoinMarketCap, analysts are predicting that the value of the metaverse economy in the coming years could reach $13 trillion. As such, this is potentially a bargain entry opportunity for investors looking for crypto under a penny that will explode.

With the metaverse being the latest craze, metaverse coins could be one of the highest potential crypto assets.

Cryptoassets are a highly volatile unregulated investment product. 

What Does Penny Crypto Mean?

Investors who look for the best penny cryptocurrency to buy are searching for digital assets that are valued at under $1 per coin.

There is a wide range of cryptocurrencies and they also vary wildly in price. Despite being high-risk, their low cost and the potential for high reward is attractive to many investors.

Penny cryptocurrencies come in all shapes and sizes. For instance, where some offer investors entry into the metaverse space, others are utility tokens used for payments.

Then there are penny digital currencies that can be used to buy NFTs within crypto games.

Should I Buy Penny Cryptocurrencies?

Whether or not investors should buy penny cryptocurrencies will depend on their appetite for risk and personal objectives.

Below, we shed some light on why many investors choose to familiarize themselves with how to buy penny cryptocurrencies. Alternatively, our guide on the best cryptos to buy now on Reddit covers all the trending altcoins making headlines in 2022.

Cheaper Way to Enter the Cryptocurrency Market

Due to the nature of this type of asset, investors can buy the best penny crypto tokens at very little cost.

When compared with the likes of Bitcoin and other large-cap crypto assets that cost thousands of dollars to invest in, these are extremely budget-friendly.

Some of the cryptocurrencies we’ve talked about today can be purchased for less than $0.01. For instance, TAMA, which can be bought on presale for exactly one cent, while Lucky Block is $0.001118.

Potential to Produce Impressive Gains From a Small Initial Outlay

Even the most promising penny cryptocurrencies are high-risk assets. With that said, those brave enough to take the risk could also reap the rewards if the project makes it big.

For instance, as we mentioned, in the case of Dogecoin, the project carried a market capitalization of $1.3 billion at the start of 2021 and was valued at over $85 billion by May of the same year.

Moreover, investors who purchased DOGE tokens for $0.005 at the start of 2021, and sold them during the all-time high of $0.74, made gains of 1,400%.

Create a Diverse Portfolio of Cryptocurrencies

Due to the low-cost nature of penny cryptocurrencies, investors can create a diverse portfolio of assets while allocating very little funds.

For instance, instead of an investor buying $20 of the same cryptocurrency, they could opt to diversify with a range of different coins.

As an example, this could include the penny crypto gaming platform Lucky Block and a community-driven decentralized ecosystem like DeFi Coin.

Best Place to Buy Other Cryptocurrencies 

To access the other penny cryptocurrencies we’ve discussed today, investors need to seek out a trustworthy platform with low fees and plenty of assets.

In this case, below, we’ve reviewed the top platform from which to buy the best crypto under a penny now – eToro.

eToro – Best Investment Platform to Buy Penny Crypto

eToro logoeToro is a top-rated social trading platform that has more than 25 million registered members. There is a wide range of digital coins available to buy at just 1% commission plus the bid-ask spread. This includes most of the best penny cryptocurrencies we’ve talked about in today’s guide.

Ever thought about buying cryptocurrencies in a passive manner? This platform allows investors to copy the trades of someone with more experience. After investing $200 or more, each time the pro buys or sells a cryptocurrency, the same is automatically copied over to the portfolio of the investor. This is called Copy Trading.

To copy an entire collection of cryptocurrencies, take a look at Smart Portfolios. There is a good selection to choose from that focus on crypto assets and the minimum investment, in this case, is $500.

The minimum deposit is $10 for US investors, which is also the smallest position size. There is also a variety of payment types to pick from when funding an eToro account to buy penny cryptos. This includes credit/debit cards, as well as e-wallets like Skrill, PayPal, and Neteller. ACH and wire transfers can also be used to fund the account.

The eToro platform is easy to use for newbies and skilled investors alike. There is also a paper trading account with $100k in demo funds and a free mobile app.

Pros

  • Investors can buy penny cryptocurrencies with low fees
  • Multiple markets to trade
  • No fees on USD deposits
  • Smart Portfolios allow passive crypto investing
  • Get started with just $10

Cons

  • Perhaps not enough technical tools for advanced traders
  • Doesn’t Support MT4 or MT5

Your capital is at risk. Crypto asset investments are highly volatile and speculative. 

Best Penny Crypto Stocks

For those unaware, cryptocurrency penny stocks are publicly traded companies that are $5 or less, and they invest indirectly into the growth of blockchain. This offers investors an alternative way to add penny stocks to their portfolios.

Find a list of the best crypto penny stocks to buy below:

  • One World Universe – One World Universe invests in sports-related businesses, distressed assets, and more within emerging industries like the metaverse. It provides humanitarian efforts in over 185 countries and has acquired a media company to assist with an NFT collection and movie/animation projects. At the time of writing, this stock trades for less than $0.04 and in one year has increased by over 93%.
  • Tautachrome – This is an internet technology startup that is ready to revolutionize the way people see, validate, and utilize video and pictures. The business is currently working on the KlickZie application platform. This will employ blockchain technology to transform smartphones into reliable images. The goal is to enable users to own, verify, interact socially with, and sell their photographs. At the time of writing, this penny crypto stock trades for around $0.001.
  • Bit Digital – Bit Digital is a large-scale publicly listed mining company As the company name suggests, it functions primarily with the goal of acquiring Bitcoin. The company operates on a global scale and at the time of writing its stock trades for less than $2.
  • Sphere 3D – With many years of demonstrated experience in business data services, Sphere 3D is a net carbon-neutral Bitcoin miner and software company. At the time of writing, Sphere 3D stock is trading at less than $0.80.
  • DatChat – This company creates software for security. The business designs personal privacy platforms that decentralize global communications. Using blockchain technology, the company puts a strong emphasis on internet security, digital rights administration, and encrypted communication. At the time of writing, it costs less than $1.15 to invest in DatChat stock.

As is clear, penny cryptocurrency stocks come in all shapes and sizes. As such, investors should consider their goals to decide which is the most suitable way for them to enter the penny crypto stock space.

Conclusion

Today we’ve discussed the best penny crypto to invest in and a range of great alternatives. We also talked about why investors might look to diversify with penny crypto assets as well as how to buy them.

The best penny cryptocurrency to invest in 2022 is Tamadoge a meme coin with a difference on presale now that promises holders utility and real world value through NFTs and a play-2-earn game.

Battle Infinity also offers exposure to the Metaverse, blockchain games, nft games, and P2E crypto games.

This is an exciting ecosystem that combines a fantasy sports P2E crypto game with the metaverse.

 

tamadoge presale

Battle Infinity

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Kane Pepi

Kane Pepi is a expert on cryptocurrency and a prolific writer with more than 2,000 published articles. He holds a Bachelor's Degree in Finance and a Master’s Degree in Financial Crime, and is currently undertaking a his Doctorate based on money laundering in the crypto and blockchain sectors.