The affordability of penny cryptocurrencies such as Meta Masters Guild (MEMAG), FightOut (FGHT), RobotEra (TARO), and C+Charge (CCHG) makes them a popular choice for investors seeking to diversify their portfolios. These low-priced cryptocurrencies provide access to the cryptocurrency market to many investors, allowing them to purchase a stake in the crypto space without a substantial investment.
Penny cryptocurrencies can serve as a starting point for novice investors, but they have also provided substantial returns for some lucky investors over the past few years. Typically, penny cryptos are coins priced at a few cents, although the definition of a penny crypto is generally any cryptocurrency priced under $1.
With many penny cryptocurrencies available, it can be overwhelming for investors to determine which ones are worth investing in. However, finding the best options among the thousands of available penny cryptos has been made easier with our thorough research and analysis. Here are eight of the best penny cryptocurrencies under $1 to consider for investment in 2023.
Meta Masters Guild (MEMAG) – Overall Best Penny Cryptocurrency
Fight Out (FGHT) – Top Rated Move-to-Earn Cryptocurrency
RobotEra (TARO) – Metaverse Penny Cryptocurrency
C+Charge (CCHG) – Crypto Rewarding EV drivers with Carbon Credits
Ripple (XRP) – Established Large-Cap Penny Crypto Under $1
Chiliz (CHZ) – Penny Crypto for Sports and Entertainment
Cardano (ADA) – Third Generation Functional Crypto
Shiba Inu (SHIB) – Penny Crypto with High Potential
Our top choice for the best penny crypto with the potential to breach $1 in 2023 is MEMAG – the native token of Meta Masters Guild. This ERC-20 token will be utilized to power Meta Masters Guild's Web3 gaming ecosystem and can also be used for staking rewards within the platform. Meta Masters Guild offers MEMAG for sale at $0.021 during its presale phase.
After the conclusion of the presale, Meta Masters Guild plans to launch three exciting mobile crypto games it has been developing. In the gaming ecosystem, players can earn rewards through Gems, an in-game cryptocurrency that can be accumulated and exchanged for MEMAG.
Since its presale release, the platform has raised over $3.9 million. And when the presale concludes, Meta Masters Guild intends to enable open market trading of MEMAG by listing the token on the top decentralized and centralized exchanges. This is the best time to invest before the price skyrockets.
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Fight Out, the newest entrant in the move-to-earn sector aspires to elevate the industry to new levels. It's a move-to-earn platform that incentivizes users by offering rewards for completing exercise routines at the gym or home. Additionally, Fight Out is working towards establishing a network of gyms that will be pioneers in integrating Web3 technology into all its workout stations.
FGHT is the in-platform currency of Fight Out. It is currently in its presale phase and is priced at $0.02097. Investors have a limited opportunity to purchase this low-priced asset, as only 10% of its total token supply will be available on exchanges.
During the presale, a significant portion of the tokens, 90%, are readily accessible. Furthermore, probably, they will never be priced this low again. Once $FGHT tokens are listed on exchanges, investors are expected to compete to acquire the remaining coins, leading to an increase in price.
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C+Charge, a penny cryptocurrency, is a promising investment opportunity for 2023. It aims to transform the electronic vehicle charging infrastructure and provide carbon credits to drivers for charging their cars. The presale for its in-platform token, CCHG, is currently in progress and offers the chance to buy the token at a reduced price.
In 2023, C+Charge is poised to disrupt the electric vehicle (EV) charging industry, and its CCHG penny cryptocurrency presents a unique opportunity to invest in a project with significant potential.
RobotEra is a metaverse gaming platform that aims to seamlessly integrate NFT protocols and in-game earning opportunities by using TARO as its in-platform cryptocurrency.
TARO, introduced in November 2022, has made 270 million tokens available during its presale period, accounting for 15% of its total token supply of 1.8 billion. To date, TARO has already sold over $800,000 worth of tokens.
TARO is currently trading at $0.020, making it an attractive opportunity to purchase this penny token. The price is expected to increase to $0.032 during the final trading round, making now the optimal time to invest.
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Ripple (XRP) is a large-cap penny cryptocurrency established in 2012. Despite being valued under $1, XRP has consistently been one of the top digital currencies by market cap. It is used for fast and low-cost cross-border transactions by financial institutions via the RippleNet network. Despite facing regulatory challenges, XRP remains a popular choice for crypto investors looking for a high-potential investment opportunity.
Chiliz (CHZ) is a penny cryptocurrency that aims to bridge the gap between the traditional entertainment and sports industries and the cryptocurrency world. CHZ is used as the currency on the Chiliz blockchain platform, allowing users to participate in various fan engagement and voting activities and access exclusive experiences and merchandise.
Cardano (ADA) is a third-generation cryptocurrency that focuses on delivering a functional and sustainable blockchain platform. Developed by IOHK, a blockchain research and development firm, Cardano is designed to provide a secure and scalable platform for decentralized applications. Despite its low price point, Cardano has a large market capitalization and is widely recognized as a promising investment opportunity in cryptocurrency.
Shiba Inu is based on the Ethereum blockchain and is designed to be a decentralized and community-driven cryptocurrency. Despite its low price point, SHIB is an attractive option for high-risk, high-reward investment. The primary challenge facing Shiba Inu is the absence of practical applications, though the launch of ShibaSwap, the Shiba Inu native decentralized exchange, aims to address this issue.
Less than three months into 2023, now is the ideal time to make intelligent investments. These eight penny cryptos are on the rise and poised for a breakout in 2023. Penny cryptos like MEMAG, FGHT, TARO, and CCHG have many promises and will skyrocket in 2023.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.