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8 Best Penny Cryptocurrencies to Buy Now in 2024
Has the news of Bitcoin hitting its all-time high piqued your interest in significant ROIs associated with cryptocurrencies? Yet earlier the collapse of the cryptocurrency market because of it reminded you of its volatility?
It’s obvious to think so, but you would have a hidden urge to try investing in cryptocurrencies without spending a fortune. Low-cost investments help you better evaluate the markets and even risk only the money you can afford to lose.
Here’s where you’d look for the best penny cryptocurrencies to buy right now, and I’ve got you all covered!
8 Best Penny Cryptocurrencies to Buy Now in 2024 –
The current cryptocurrency market must be more saturated with new tokens launched every day. Although developing your own utility token takes almost 20 minutes, only some investments are safe. There are various factors to consider regarding revenue, liquidity issues, ROI and collapse.
Among these, only a few are worth the investment. To help you, we’ve suggested our favorite penny cryptocurrencies to buy now.
Let’s check out the 8 best Penny cryptocurrencies to buy now in 2024 for maximum returns:
- DarkLume (DLUME)
- SimuGaze (GAZE)
- TRON (TRX)
- Fetch.ai (FET)
- Proton (XPR)
- Harmony (ONE)
- Holo (HOT)
- ANKR (ANKR)
But it’s easier to list it, but you would be wise enough to be curious about why you should invest in it. Well, read on to find out more!
1. DarkLume (DLUME)
Are you looking for a profitable cryptocurrency investment that also helps you earn more by participating in the digital world?
If yes, then DLUME is your gateway to freedom!
The DarkLume platform has a virtual world where users can play in different countries, own their citizenship and much more. You can also relax, unwind, have fun and indulge in activities like dating.
Similar to the real world, there would be various more accessible opportunities to earn money on the platform. Furthermore, the platform already has various staking options where you can contribute to the development of its ecosystem. Therefore, with its great potential, your ROI would increase rapidly.
>>Click here to visit DarkLume
Its utility tokens are priced at around $0.02; therefore, you can start with a minimal amount. A more significant number of DLUME allocations to users reduces selling pressure on veteran crypto tokens.
Furthermore, it has already defined its development, expansion and improvement plan for the coming years, ensuring a safer investment. So, you are less inclined to face liquidity problems, unlike those with FTX.
2. SimuGaze (GAZE)
What if investing in a cryptocurrency offered an exponentially growing ROI?
If yes, SimuGaze is one of the best cryptocurrencies that you cannot afford to miss.
The platform offers an enhanced VR experience for gaming, racing, simulation and other activities. Since VR games are more like digital Formula 1 racing, they have gained excellent popularity. As these utilities grow in popularity, more and more investors are turning to them.
>>Click here to visit the SimuGaze pre-sale page
Its initiative to provide SGAZE tokens as rewards in various tournaments further contributes to its demand. This continuously increases the latter and in the future the supply may be lower in comparison, thus increasing the price.
The platform launched yesterday and allocated 50% of its tokens exclusively during the launch. This suggests rising bullish sentiment for its utility token SGAZE. Furthermore, its stability is evident because it already has a market capitalization of $27.57 million.
Because the platform does not settle but continuously takes the initiative and develops related utility interests, it has a broader scope. With its adoption already on the rise, investors will likely experience significant exponential ROI in the coming times. So, what’s stopping you?
3. Tron (TRX)
How about a penny cryptocurrency, which provides a means to unite content creators with potential prospects?
If yes, then TRON is a must check on your list!
TRON is known for having the largest blockchain-based operating system. Its support for content creators is evident since its acquisition of BitTorrent in 2018. Its TRX token is stable, with minor fluctuations occurring since 2017. Therefore, the ROI will be less pronounced and there is less risk of loss.
The TRON blockchain is innovative and stable, with its ability to set up smart contracts and even develop apps for it. The network provides a friendly medium for P2P transactions for content creators and their potential customers.
From an investment perspective, it ranks among the 50 most massive cryptocurrencies in terms of market capitalization. Its negligible volatile history is further hesitation with a minimum amount to invest in. Its price usually varies between $0.0/ and $0.15.
4. Fetch.ai (FET)
What if you could view your trading decisions in real time and even test the impact of market conditions?
If this sounds interesting for testing your trading prototypes, then Fetch.ai is for you!
It uses the power of artificial intelligence, machine learning and blockchain as a common platform, thus offering the option of digital twins. The latter simulates your decisions in real time and activates them based on market movements. So, you can make informed decisions.
As a result, with a strategic analysis and diversification of your portfolio, you can evaluate potential risks such as liquidity, volatility, etc. AI and ML, together, frequently analyze markets.
You can also trade faster and more efficiently by investing in it. Fetch has its own crypto token FET, which has undervalued potential and is stable with a cent value.
5. Proton (XPR)
Are you looking for a cryptocurrency where your returns would increase with the growing adoption of blockchain?
If yes, then Proton is a must check in your list!
It is a payments-based blockchain that uses different identity models, tokens, and records to record transactions. Therefore, your ROI will improve significantly with more people engaging with decentralized payments on this platform.
It can handle up to 4,000 transactions per second, and its adoption could increase with that efficiency. Blockchain uses DeFi and therefore increases the risk of scams. This is where Proton proves to be a more secure alternative, which verifies identity before transactions.
By investing in its XPR token, you can unveil more assets, as it may provide better staking options. Although it performs identity verification and registers it, it does so only with permissions. So, it rightly owes to its DeFi mechanism.
With a nominal trading value hovering around $0.02, you can start investing in it now. However, it has a small market capitalization.
6. Harmony (ONE)
How about investing in cryptocurrencies with a blockchain network that uses sharding for greater efficiency and faster response?
Well, if yes, then Harmony is a must check on your list!
It uses random sharding, splitting a task into shards and passing them randomly for better routing. This increases performance and increases the speed of the platform. The infrastructure is specifically designed to support decentralized applications and their processes.
Another profitable feature is the lower transaction fees compared to blockchains like Ethereum. It also manages congestion accordingly. Although it is a penny cryptocurrency, its token is among the top 100 tokens. Furthermore, its price is between $0.05 and $0.30.
7. Holo (HOT)
How about developing a peer-to-peer decentralized app hosting platform where you can also earn money?
Even though it looks like a crypto faucet, Holo is a different blockchain with its own HOT token. It is a platform where you can host applications, abandoning the conventional blockchain and helps with direct user interaction.
It leverages a next-generation technology, Holochain, for P2P applications and rewards them with HoloFuel, another crypto reward token. This cloud hosting platform, “Holochain”, is mainly for developers who can develop dApps, modify the source code and share it accordingly. Therefore, the open source application is a resource for those who wish to create such applications.
Everything you invest in this cryptocurrency is used to improve the ecosystem. Therefore, more hosted applications provide a better ROI.
With a minimum investment of $0.02, users who have invested in it have achieved huge returns. As of 2018, in 2021, Holo has earned a place among the top 100 cryptocurrencies, ensuring a better reach.
8. ANKR (ANKR)
What if a penny crypto platform offered affordable decentralized cloud computing services for developers, investors, and businesses?
If yes, then Ankr is a must check on your list!
Ankr is a large decentralized cloud computing network for cryptocurrency needs. Its comprehensive suite of tools makes this platform versatile for developing various dApps. It can provide a blockchain network for crypto tokens, smart contracts and projects.
Developers use this blockchain for an easily accessible, convenient, efficient and faster network. Investors can stake their ANKR tokens for long-term investments and increased ROI on better ecosystem development and usage.
Companies also take advantage of this platform for interaction with Web3, taking advantage of better adaptability. This is because it uses less complex infrastructure and promotes better accessibility.
Furthermore, with a price range between 2 and 20 cents, its token stands out among the top 150 cryptocurrencies, ensuring stability. With better growth, its sentimental analysis can further increase bullish sentiments.
Conclusion on the best Penny cryptocurrencies to buy now in 2024
When considering affordable investments, penny cryptocurrencies are the ultimate solution. Yet there are various concerns, such as what would happen if you couldn’t withdraw your holdings? They continue to decrease and are similar. Therefore, it is essential to evaluate the project’s roadmap, current performance, and ecosystem potential.
Our list of the best cryptocurrencies to buy now is sorted by its ranking. So yes, SGAZE and DLUME are ahead of their time and will be able to compete with Web5 in the next few years.
What’s stopping you from making profitable investments? Plan to make money with Penny cryptocurrencies now!