Top 15 Penny Cryptocurrencies To Invest In 2023 – Detailed Guide

Cryptocurrency is one of the hottest industries to invest in these days, with many people enjoying great success in short amounts of time. Today, the global crypto market cap is a staggering $838 Billion, an indication of just how much the industry has exploded in recent times.

The top cryptocurrencies based on value are currently Bitcoin (BTC) and Ethereum (ETH), but both are so expensive that they are practically unattainable to invest in directly. If you are looking to get started in the world of crypto, penny cryptocurrencies are a cheap alternative.

What is a Penny Cryptocurrency? 

Penny cryptocurrencies are similar to penny stocks, with their low value being their defining feature. Any digital asset that costs less than $5 per token is known as penny cryptocurrency, and they can be a good option if you are looking to invest on a low budget. However, low price does not mean low risk. Penny cryptocurrencies have a relatively lower market capitalization, making them a riskier investment. Read on to find out which penny cryptocurrencies you should put your money towards in 2023. 

Top 15 Penny Cryptocurrencies of 2023

1. FightOut (FGHT) 

FGHT is launched by the move-to-earn fitness platform FightOut designed to help motivate users to exercise. This project encourages healthy habits and regular workouts by rewarding its users in crypto. A unique feature of FightOut is that it tracks all sorts of physical activity of a user, rather than just steps. Many world famous athletes have also teamed up with this platform, offering masterclasses at only FightOut gyms to help promote it. 

Within just 72 hours of its launch, FightOut has fundraised over $2 million, making it one of the hottest penny cryptocurrencies to put your money towards right now. It is also fairly cheap to invest in, selling for just $0.016 a token. 

2. Dash 2 Trade (D2T)

One of the newest releases of 2023, Dash 2 Trade is a standout in the world of crypto trading. The platform is a cryptocurrency trading assistance platform, designed to aid first time traders in investment decisions. Experienced investors may also benefit from the platform by allowing them to gain insight into up and coming tokens as well as recognizing potential scams. 

Dash 2 Trade’s native token D2T has exploded in its fundraising, garnering upwards of $10 million thus far. Dash 2 Trade membership subscriptions all deal exclusively in D2T tokens, so acquiring it is necessary to use its services. As of now, D2T tokens are selling for $0.0533 a piece, and are listed on major exchanges such as BitMart and LBank. 

3. C+Charge (CCHG) 

The company C+Charge is taking the versatility of blockchain technology to the next level, by introducing crypto to combat against climate change. This platform is aiming to build a Peer-to-Peer payment system for EV charging stations, allowing users to pay for EV charging through the native token CCHG. Every time a vehicle is charged, C+Charge gives users carbon credits in exchange, which are tracked in an in-app crypto wallet.

The coin is currently in its pre-sale phase, and is being sold for a very low price. However, even at the latest stage, CCHG will sell for $0.0235, which is still an investment of just pennies.

4. RobotEra (TARO) 

Launched by the play-to-earn game RobotEra in November 2022, TARO is one of the most popular penny cryptocurrencies to invest in currently. RobotEra is a platform which allows is users to earn crypto as they play, with the native TARO token being used to power the in-app multiverse. These tokens can be earned by completing various tasks within the game, and it also allows players to stake their coins, on which they can earn extra income. 

Currently, the token is in its presale stage, and can be purchased at the very low price of just $0.02. The value of this asset will increase with the completion of every presale stage, ending at $0.032 by the time it reaches mainstream exchange platforms. Consequently, now is the best time to invest your money in TARO.

5. Dogecoin (DOGE)  

Dogecoin originally started out as a satirical take on the spontaneous nature of the crypto market and ended up becoming very successful. Self-proclaimed as an “accidental crypto movement”, Dogecoin was created as a joke by software engineers Bily Marcus and Jackson Palmer in 2013.

A number of publicity stunts have been conducted to garner interest in the coin, and combined with its low price and easy availability, Dogecoin has risen to becoming one of the top five cryptocurrencies by market cap. It is also available on many top exchanges such as Binance and Kraken. 

DOGE can be bought for just $0.073, which is just pennies in your pocket. If DOGE is incorporated as a payment method by a top social media in the near future, then this will be a game changer and the price for Dogecoin will skyrocket.  

6. Tamadoge (TAMA)

Another meme coin that has recently gained traction is Tamadoge. This cryptocurrency has shown great growth from its original presale price, going from being virtually unrecognizable to cementing its position as one of the top 10 meme coins by its launch. Tamadoge is minted in the Tamaverse where TAMA is redeemable and available to earn through games. 

Tamadoge has shown tremendous growth in a short amount of time, raising $19 million in just two months of its launch. It is also quite popular on social media, with a combined follower count of upwards of 85,000. The platform also has many future plans set in place, such as an AR App to be released late 2023 as well as more games and earning opportunities. TAMA is currently available to trade for just $0.015, which is a very small investment considering its rising popularity and online presence.

7. Calvaria (RIA)

A play-to-earn crypto project that combines gaming with the blockchain is Calvaria: Duels of Eternity. This is a game that is attractive to both crypto enthusiasts and traditional gamers, as it is not too complex to follow and still fun to play. The game has players compete with cards for a chance to win rewards in the form of RIA tokens, which is the platform’s native cryptocurrency. 

15% of the maximum supply of 1 billion RIA tokens has been released in the presale, of which 80% have already been bought. This means that less than 30 million RIA tokens are now up for sale. Currently available at the low price of $0.0325, the price of RIA will continue to only increase as time goes on, so now is the best time to make an investment.   

8. Battle Infinity (IBAT)

Similar to other play to earn platforms like Calvaria and RobotEra, Battle Infinity is also a play to earn project where crypto can be earned within the app as a part of its metaverse. The token for this project is IBAT, and it can be redeemed within the game for purchasing equipment and other utilities. The game rewards users with IBAT upon the completion of certain tasks and levels. 

The presale for Battle Infinity was very successful, and has put the previously obscure cryptocurrency onto the map. In just 24 days, Battle Infinity was able to complete its goal of selling 16,500 BNB, which is valued at about $5 million. The price for IBAT has been steadily increasing since its presale announcement, but it is still available for less than a penny as of now. However, with the amount of attention that it has been receiving, the prices are sure to rise even higher.

9. Basic Attention Token (BAT) 

Based on the Ethereum blockchain, the Basic Attention Token (BAT) Is an innovative addition to the world of crypto. This platform allows users to earn crypto by just browsing the web. To earn BAT, all users have to do is browse the web using the Brave browser, where they can earn crypto in exchange for watching ads and viewing content. There has been a great amount of hype surrounding Brave and the Basic Attention Token, with over 25 million users reported to actively use the site on a monthly basis.

The price of the BAT token is just $0.8594, which is still fairly cheap to acquire. BAT is available to purchase on various exchanges and the Brave browser is compatible with Windows. macOS, and Linux.

10. The Hideaways (HDWY)

A crypto industry first, The Hideaways is a platform that meshes two very different industries: crypto and real estate. This platform is changing how you invest in a luxury property, with virtually anyone being allowed to invest in a global collection of actual real estate.

NFTs backing these luxury properties have been fractionalized to allow for investors to invest in them at a fragment of their original price. This bypasses all the paperwork and geographical limitations that come with owning property, and trades can be done on real estate like stocks.

With The Hideaways, you can stake tokens, earn passive rental income from NFTs, invest globally, and more. As of this week, the HDWY token was priced at $0.135 on Ethereum. As this is just the presale stage, this is the lowest the token will probably be so it is a good time to buy it.

11. Lucky Block (LBLOCK)

We have all seen traditional lottery systems where a pool of candidates compete for a single prize. Lucky Block is a similar global lottery system, except it is based on the blockchain. This has been launched in an effort to make the entire lottery process less costly, more transparent and not limited to a participant’s geographical location.

Launched in the beginning of 2022, Lucky Block has quickly risen to become one of the top penny cryptocurrencies to buy. And with just 10,000 LBLOCKS in existence, they will soon be a rare asset that is not easily attainable. Once you have access to a Lucky Block NFT, you can participate in contests with prizes worth millions of dollars on the site. 

12. Stellar Lumens (XLM)  

Stellar Lumens is the native currency of Stellar, an open blockchain network that securely and transparently stores and moves money. Essentially, this platform completely digitizes any type of financial system that is used around the world. This allows money transfer to become faster and function at a lower cost. Since its launch in 2014, Stellar has received heavy recognition for its efforts to provide financial solutions with no intentions of collecting profit.

The native currency of Stellar is Stellar Lumens (XLM). This native coin is what allows transactions to be processed at such a rapid rate. The coin is selling for about $0.072 today.

13. Reef Finance (REEF)

Based on the Polkadot blockchain, Reef Finance is a decentralized platform that streamlines liquidity access so that you don’t have to switch between different platforms tirelessly. Services offered by Reef Finance include smart liquidity aggregation, cross-chain trading, and yield rate predictions. The platform offers features that facilitate both investors and developers, and has received million of dollars in funding thus far. 

The Reef Finance native token REEF can be used to pay transaction fees, mint NFTs, stake nodes, and more. The current price of REEF is $0.02507.

14. Crypto Snack (SNACK)

Crypto Snack is another penny cryptocurrency that has grown exponentially in popularity since its launch. Technically an iGaming token, the digital currency is now accepted as an approved method of payment for over 800 online businesses in 2022.

This platform powers its transactions over the Binance Smart Chain, and has already partnered with big names like La Liga club as a way to integrate payments. In addition to partnering with major global sports leagues, Crypto Snack also supports sustainable energy platforms, launching Green SNACK tokens too.

SNACK is available to buy from large exchanges like PancakeSwap, XT.com, CoinsPaid, and more. You can buy SNACK for $0.0032. 

15. Chiliz (CHZ)

Chiliz is one of the most up and coming cryptocurrencies since the past few years. Since its launch in 2020, Chiliz has accumulated a market cap of approximately $1.4 billion, and it is only continuing to grow since then. The CHZ coin is created  to engage sports fans with their favorite teams by allowing users to purchase Fan Tokens.

These tokens let users gain first hand access to tickets and voting rights for their favorite professional sports leagues such as FC Barcelona, Juventus, Paris Saint German, and more. Fan Tokens provide its holders with more than just exclusive subscriptions. These users can even be a part of decisions such as new uniform designs or even the starting lineup. The current price of CHZ is $0.1123.