Best Coins Under 1 Cent
Top 7 cryptocurrencies under 1 cent:
- Shiba Inu (SHIB) - Highly volatile, limited use cases;
- Dent (DENT) - Competitive landscape, complex tokenomics;
- Stellar (XLM) - Competition from established payment networks;
- IMPT.io (IMPT) - New project, early development stage;
- Battle Infinity (IBAT) - Competitive play-to-earn space, uncertain long-term adoption;
- Lucky Block (LBLOCK) - Reliant on new NFT sales & user engagement;
- Reserve Rights (RSR) - Complex protocol, competition from other stablecoin projects.
Cryptocurrencies under 1 cent tempt investors with the possibility of superior returns. Putting a small amount into an ultra-low-value Crypto that later explodes in price could make you a millionaire. However, cheap coins may be low for a good reason - lack of product-market fit, weak teams or dying communities.
When evaluating sub-penny Cryptos, it's essential to research projects and ensure they deeply solve real user problems. Avoid investing based on hype or price alone. Consider the technology, economic models, leadership and momentum when choosing coins.
For 2024, Cryptocurrencies focused on decentralized finance ( DeFi), Web3, metaverses and sustainability seem poised for possible growth. This article has compiled a list of 7 top Cryptocurrencies under 1 cent worth tracking in the coming years.
Top 7 cryptocurrencies under 1 cent
Here are the top 7 coins worth up to 1 cent that may deserve your attention:
Disclamer.
All prices, forecasts and estimates in the article are as of the beginning of 2024. To keep up to date with the latest trends and predictions in the cryptocurrency market, please visit the page:
All Cryptocurrency Price Predictions for 2024, 2025, 2030.
Do your research before making investment decisions, and consult with an investment professional if necessary. Do not invest amounts you are not prepared to risk.
Shiba Inu, SHIB
Launched in 2020 as a Dogecoin spinoff, Shiba Inu has evolved beyond its meme coin origins and aims to offer robust DeFi services.
Current Price : $0.000009005
Market Cap : $5.31 Billion
2024 - 25 Price Prediction : $0.00000855
- Pros
- Risks and Challenges
- Strong brand awareness and community keep SHIB relevant despite price drops. The vocal "SHIBARMY" enthusiastically promotes the coin on social media
- Low Price allows new adopters to buy large token quantities. The psychological factor of owning "more" coins may drive investment
- The ShibaSwap DEX provides a space to trade SHIB and Leash/Bone tokens. Staking rewards incentivize holding coins in liquidity pools
- The upcoming launch of the Shibarium layer-2 platform aims to reduce Ethereum gas fees and enable greater utility
- The release of Shiboshi NFTs and future metaverse integrations creates additional use cases beyond payments
- As a meme coin, SHIB is vulnerable to waning hype. Continually attracting new adherents may prove difficult in the long term
- High competition from Dogecoin and other meme cash grabs like Dogelon Mars could draw away buyers. Hard to differentiate
- A few whale wallets hold 70% of the SHIB supply. If they sell, downward price pressure may occur
- Unclear whether Shibarium adoption will be sufficient to sustain long-term growth and utility for the ecosystem
Despite dropping from its all-time high, SHIB remains a top 20 Crypto, thanks to its vocal community. Expanding utility via stakes, NFTs, and Shibarium gives Shiba Inu legitimate use cases to build on its brand awareness. If developers can continue executing, SHIB has room for substantial growth by 2025.
Dent, DENT
Dent is building a blockchain-driven marketplace for buying and selling mobile data. Users can pay for data packages internationally using Dent's ERC-20 tokens.
Current Price : $0.0009743
Market Cap : $97989704
2024 - 25 Price Prediction : $0.00149985
- Pros
- Risks and Challenges
- Allows affordable, global access to mobile data - increasingly essential for participating in the digital economy
- Dent Exchange sells data packages directly from major providers like AT&T, offering up to 300% savings versus retail costs
- The ad-free browsing experience on Dent Apps aims to provide value-added benefits to grow adoption
- 25 million users have already bought data packages through Dent, indicating strong early traction
- The SIM and eSIM resale model faces regulatory uncertainty in many markets
- Telcos and other intermediaries capture much of the value chain, limiting revenue for Dent
- With no moat beyond its exchange model, new entrants could readily compete
Though Dent has a large user base, converting adoption into meaningful revenue has been challenging. But with billions worldwide still lacking mobile data access, Dent taps into a major need. Smoothing out regulatory hurdles could allow Dent to gain a share in emerging digital economies.
Stellar, XLM
Stellar is an open blockchain that facilitates cross-border payments and remittances, particularly in developing nations.
Current Price : $0.1096
Market Cap : $3,113,771,128
2024 - 25 Price Prediction : $0.1081 - $0.1321
- Pros
- Risks and Challenges
- Near instant settlement and negligible fees make XLM ideal for micropayments, remittances and bank-to-bank transfers
- Stellar Development Foundation's partnerships with payment providers, banks and technology leaders drive integration and adoption
- Staking rewards and a burn mechanism aim to limit inflation and increase scarcity over time
- ProThe Stellar network already processes over 3 million daily transactions, indicating strong adoptions
- Struggles breaking into remittance and payments in wealthier nations where faster settlement has less urgency
- Reliance on partnerships for adoption raises concerns about centralization. The nonprofit SDF has significant influence over the network's direction
- Regulatory uncertainty around stablecoins and concerns about enabling money laundering could discourage financial institutions from adopting them
Stellar provides real utility for cross-border payments, especially in emerging countries with weak local currencies. But competition from Ripple, Cardano and bank-led CBDCs will make mainstream financial adoption challenging.
IMPT, IMPT
IMPT aims to democratize carbon credits by enabling individuals to buy and sell tokens representing carbon footprint reduction.
Current Price : $0.004175
Market Cap : $5,371,660
2024 - 25 Price Prediction : $ 0.003473 - $ 0.009187
- Pros
- Risks and Challenges
- Addresses sustainability - one of society's most pressing challenges - through a practical model for shrinking carbon footprints
- The intuitive retail-focused platform and partnerships make carbon credits easily accessible to the mainstream consumer
- Over 10,000 brands, including Lego, Adidas and Microsoft, committed to offering IMPT at checkout, demonstrating strong early traction
- Coinbase Ventures and Binance invested in IMPT's funding rounds, providing reputable industry backing
- The carbon credit market still needs more regulatory structure. Standards for offset quality vary widely currently
- Other emerging competitors like Nori also aim to use blockchain for sustainability goals. Could see fragmented adoption
- Mainstream consumer awareness and concern about environmental footprint remains limited - adoption may take time
By leveraging Crypto to connect consumers with carbon credit investment opportunities, IMPT provides an easy way for retail investors to support sustainability goals. Rapid growth during its launch phase points to strong interest so far.
Battle Infinity, IBAT
Battle Infinity aims to build an interconnected metaverse ecosystem for gaming, Crypto trading, and NFTs.
Current Price : $0.0004643
Market Cap : $1.47 Million
2025 Price Prediction : $ 0.000408 - $ 0.001070
Battle Infinity's diverse platform planned features include:
Battle Arena is a play-to-earn multiplayer fantasy sports game
IBAT Premier League - Competitive eSports environment with scholarships and cash prizes
NFT Marketplace - For digital collectables and in-game assets
Battle Swap is a decentralized exchange supporting Crypto trading
Battle Stake - Earn yields by staking IBAT and NFTs
This "all-in-one" approach combines emerging Web3 trends like DeFi, NFTs, and metaverse gaming.
The IBAT token is the native currency driving all interactions and transactions across the ecosystem. A fixed max supply of 10 billion IBAT helps ensure scarcity.
- Pros
- Risks and Challenges
- A multi-pronged suite of offerings provides diverse revenue streams and appeals to various Crypto users
- Partnership with Manchester City football club brings credibility, publicity and an engaged user base
- Android and iOS mobile apps are available to access the ecosystem from smartphones
- As a new project, the execution remains unproven and could underdeliver on promises
- Attracting a large active user base will be essential but takes time and strong community management
- Many competing metaverse, NFT, and Crypto gaming spaces vie for user attention and spending
Combining multiple cutting-edge Crypto trends into one unified ecosystem, Battle Infinity offers a compelling value proposition for the virtual world, gaming and Crypto enthusiasts.
Lucky Block, LBlock
Lucky Block operates a Crypto games platform allowing users to compete for prize rewards in its LBlock token.
Current Price : $0.000004239
Market Cap : $125,301.64
2025 Price Prediction : $0.00011
- Pros
- Risks and Challenges
- Combining Crypto with competition and entertainment taps into powerful psychology - people enjoy winning money
- Rewards like luxury cars and vacations create aspirational appeal and hype around giveaways
- Promotional contests and ambassador partnerships attract brand attention - 10k NFT holders
- Launched on Binance Smart Chain, but multi-chain expansion planned to deepen liquidity
- New competitor platforms with similar models could fragment the niche Crypto gaming and rewards space
- Legal and regulatory unknowns around Crypto competitions, gambling and promotions
- Current games are basic - major development work is still needed to create a world-class user experience
Lucky Block is opportune to capitalize on the surging interest in "play-to-earn" Crypto models. Its rewards-based promotional strategy built strong early buzz. Sustaining user interest long-term with engaging games will be crucial.
Reserve Rights, RSR
Reserve aims to provide financially underserved populations access to stable currencies pegged to the US dollar.
Current Price : $0.002168
Market Cap : $109,445,530
2025 Price Prediction : $ 0.002103 - $ 0.003821
The Reserve has two coins:
RSR - Can be locked as collateral to mint Reserve USD (RUSD), a Crypto-backed stablecoin pegged to $1
RUSD - Algorithmic stablecoin that can be redeemed 1:1 for the RSR used to mint it
Reserve was launched in 2019 and is backed by investments from industry heavyweights like Peter Thiel, Coinbase Ventures, and Pantera Capital.
The project aims to bring much-needed currency stability to countries suffering from hyperinflation, like Venezuela, Turkey and Lebanon. Users in volatile economies can lock RSR to mint RUSD stablecoins they can rely on to maintain purchasing power.
- Pros
- Risks and Challenges
- Addresses a clear need - access to stable currencies with low inflation. Massive potential demand in emerging markets
- Staking incentives allow RSR holders to earn a yield on their locked tokens
- Strong financial backing and advisors lend credibility
- Over $1 billion in transaction volume indicates growing adoption
- It faces stiff competition from other stablecoin models, including Tether and direct CBDCs
- Regulatory status around algorithmic stablecoins remains uncertain
- On/off ramping from local currencies may pose challenges in less developed countries
By tapping into demand for inflation-resistant currencies in unstable economies, the Reserve presents a compelling use case for Crypto. If adoption continues accelerating, RSR could see substantial growth by 2025.
Best crypto exchanges for cheap crypto
Are cryptocurrencies under 1 cent a good idea?
Cheap cryptocurrencies come with major risks but also the possibility of stellar returns. Here are some key benefits and drawbacks to consider:
- Pros
- Cons
- Huge upside potential . If the project succeeds, token gains could be astronomical from a sub-penny price point. Even modest adoption can lead to multiples in value
- Accessibility for new investors . Nearly anyone can afford to buy thousands of tokens due to the low price. This is a psychological factor that helps onboard new adopters
- Get in early . Buying at basement floor prices allows you to participate in the project's full growth journey. Early believers are rewarded most
- Extreme volatility . Prices under $0.01 experience wild swings from speculation, sentiment shifts and trading activity. Very high risk
- Limited liquidity . Low market caps and trade volumes can make entering or exiting positions difficult. Large orders move the price adversely
- Lack of mainstream trust . Most sub-penny Cryptos are new projects with no reputation. Mainstream avoids these assets as highly speculative
- Scams and failures . Many microcap tokens become complete scams or fail to develop workable products. Getting rugged is common
Catalysts for the next bull run
The Crypto market downturn of 2022 brought pain for many investors. In 2022, the Crypto market's value plummeted to a two-year low of $796 billion with the collapse of FTX. Within six months, the global Crypto assets industry lost 70 percent of its value, dropping from $3 trillion in November 2021 to $1.3 trillion in July 2022.
However, markets move in cycles, and there are reasons to be optimistic about a recovery by 2024. Here are some potentially positive developments on the horizon:
Accelerating mainstream adoption . Major financial institutions are offering Crypto services. Countries like El Salvador have adopted Bitcoin as a legal tender. These trends signal growing mainstream comfort with digital assets
Ethereum merge complete . Ethereum's transition to proof-of-stake consensus finalized in 2022. This positions Ethereum as a Crypto infrastructure for greater scalability, security, and sustainability
US regulatory clarity . Increased regulatory guidance from the SEC could give investors confidence to re-enter Crypto markets. With the approval of Bitcoin ETFs on 11 January 2024, trillions of institutional money could flow into Bitcoin funds
Expectation of lower interest rates . As the US Federal Reserve is ready to ease monetary policy in 2024, this could lead to increased economic activity and higher investment in risky assets, which cryptocurrencies are
With these tailwinds, In anticipation of the 2024-2025 bull run, Crypto market can expect the Crypto market cap to experience significant growth, potentially reaching $9 trillion. The advantage of the cryptocurrency market is the low entry threshold for investment.
Expert Opinion
For beginner traders interested in the cryptocurrency market, the allure of investing in coins priced under 1 cent is strong. These "penny cryptos" offer the potential for significant returns on a small initial investment. However, it's crucial to approach this market with a strategy grounded in research and risk management.
When considering penny cryptos, look for projects with solid fundamentals, a clear vision, and active development teams. Prioritize coins that address real-world problems and have a growing user base. It's also wise to diversify your investments to mitigate risk.
Remember, the crypto market is highly volatile, and prices can fluctuate wildly. Start with small investments and never invest more than you can afford to lose. Utilize resources like Traders Union to stay informed and consider using a demo account to practice trading without financial risk.
In summary, penny cryptos can be a thrilling addition to your investment portfolio, but they should be approached with caution and a well-thought-out strategy. Happy trading!
Conclusion
While no investment is guaranteed, Cryptocurrencies under 1 cent trading today can post incredible returns if they gain real mainstream traction and adoption. But the risks are correspondingly astronomical as well.
Carefully vet any ultra-low-value Crypto investment for fundamentals before buying. Seek emerging projects with energetic communities, capable developers and a definable use case.
Balance penny Crypto holdings with other assets in a diversified portfolio. Monitor fundamentals actively, and don't hesitate to cut losses if the investment thesis turns sour. With careful selection and management, microcap Cryptos could potentially generate outsized returns in the coming years.
FAQs
What wallet supports cheap crypto?
Many open-source and hardware wallets that support major cryptocurrencies like Bitcoin and Ethereum also support lesser-known coins under $0.01. Examples include MetaMask, Coinomi, and Ledger/Trezor hardware wallets.
How much should I invest in cheap coins?
Only invest an amount you can afford to lose, as microcap coins are extremely risky. Many experts recommend limiting exposure to 1-5% of your total crypto portfolio.
When is the best time to buy cheap crypto?
There's no single best time, but periods of general market weakness often present opportunities as coin prices may be lower. Watch for announcements and new listings that could boost momentum.
How do I know if a coin under $0.01 is a scam?
Be wary of anonymous teams, lack of activity/transparency, exaggerated claims, and emphasis on the price alone. Research objective fundamentals like the whitepaper, roadmap, tokenomics, and adoption. Avoid anything pressuring you to invest.
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Team that worked on the article
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.
Ethereum is a decentralized blockchain platform and cryptocurrency that was proposed by Vitalik Buterin in late 2013 and development began in early 2014. It was designed as a versatile platform for creating decentralized applications (DApps) and smart contracts.