The truth of the matter is that there are no “metrics” or “golden indicators” that can predict which crypto under a penny will explode. Consequently, nothing or no one can give you a 100% correct answer regarding what the next penny cryptocurrency to boom is. It’s all about speculation, taking chances, and positioning yourself properly with the most accurate data.
However, to make things easier for you, we’ve constructed a comprehensive list of top crypto under a penny that has the potential to skyrocket in price in the near future. Remember, the list of coins in the following section is pure speculation based on on-chain data and tokenomics, and conducting your own research is imperative before making any investment decisions!
Top Crypto Under a Penny That Will Explode
Many lists are circulating the web that highlights crypto under a penny that will explode. As such, we must offer a word of caution before we proceed. Remember that all lists are usually outdated and mainly contain well-known cryptocurrencies. They are using the already-established reputation of these cryptos to get you to visit their sites. In reality, these “clickbait” lists often include tokens whose prices are well above a penny and have relatively high market caps already.
So, in the following list of the next penny cryptocurrency to boom, we will focus on tokens that have a market cap (MC) below $500 million and, aside from low prices, also have a lot of potential room to grow. We will start with tokens closer to a $500 million market cap and work toward assets with lower MCs.
As a rule of thumb, the lower the market cap, the greater the risk.
Plus, our list also includes some exceptions that are slightly above a penny (at the time of writing) but still have the “$0.01” effect going for them.
GALA
The GALA token is the first crypto under a penny that will explode under the right circumstances. GALA is the heart of Gala Games, a blockchain gaming platform by Eric Schiermeyer and Michael McCarthy since 2019. It lets players truly own in-game assets as NFTs, trade them, and earn rewards.
Why $GALA Could Explode?
Despite 2023 challenges, Gala Games is building GalaChain for lower fees and scalability. Partnerships with gaming legends make Gala Games a key player in the blockchain gaming market, adding NFTs and play-to-earn features to their games.
The Web3 gaming narrative always drives some GameFi tokens to new heights. All in all, $GALA is a penny crypto that will make you rich if you were to invest larger sums and if other investors start pouring their money into it as well. However, given its already relatively high market cap, it’s difficult to say if GALA is the next penny crypto with 1000x potential. After all, cryptocurrencies with as high of a market cap as GALA usually don’t generate 1000x!
BitTorrent (BTT)
The BitTorrent (BTT) token is a cryptocurrency that enhances the BitTorrent ecosystem. It rewards users for planting files, improves collaboration, and facilitates micro-transactions.
Why $BTT Could Explode?
With a total supply of 990 billion tokens, BTT’s price has seen fluctuations but holds potential for growth, driven by increased BitTorrent ecosystem usage in the Web3 era.
Just like $GALA, it already sits at a relatively larger market cap, so a 1000x potential is most likely not in the cards for $BTT. Still, given BitTorrent Inc.’s dominance among torrents, BTT could be the next penny cryptocurrency to boom.
PEPE
The PEPE token is the 2023 memecoin season winner (at least so far). It captured a lot of traction within the initial weeks following its launch. Furthermore, the token commemorates the famous Pepe the Frog meme but has no utility.
Why $PEPE Could Explode?
PEPE already offered a massive 100,000x-plus run in just 23 days back in the spring of 2023. However, it pulled back enough to offer decent returns just by reaching those levels again. However, who’s to say that $PEPE can’t follow in the footsteps of $DOGE or $SHIB? In that case, another 100x potential is still possible for PEPE.
Zilliqa (ZIL)
Zilliqa (ZIL) is a blockchain project known for its scalability and speed that’s been around since 2017 (mainnet 2029). It employs sharding technology to boost transaction throughput and efficiency, addressing issues faced by blockchains like Ethereum.
With Scilla, a secure programming language, and utility features for ZIL token holders like staking and governance participation, Zilliqa has rapidly expanded its ecosystem.
Why $ZIL Could Explode?
ZIL is a reputable and well-established cryptocurrency and is, therefore, a serious “next penny cryptocurrency to boom” candidate. That said, its market cap is also not ultra-low. Thus, it is most likely not a penny crypto with 1000x potential, either. However, a 10x or even 100x price increase is quite plausible.
Holo (HOT)
The HOT token is another crypto under a penny that will explode under the right circumstances. Holo is a unique platform combining peer-to-peer file sharing. It operates as a decentralized network where each node hosts apps and is rewarded in HOT tokens. Holo empowers users to control their data and enables changes to app code while safeguarding privacy.
Why $HOT Could Explode?
Once the crypto market enters a bull season, the $HOT token could be the next penny cryptocurrency to boom. The main reasons include the project’s unique P2P hosting technology, growing ecosystem, upcoming HoloFuel swap, and commitment to data privacy.
IoTeX (IOTX)
IoTeX (IOTX) is an Ethereum-based token that went live back in 2017. It powers a decentralized platform connecting IoT devices and dapps. IoTeX aims to create a secure ecosystem where humans and machines can interact with trust and incentives.
The IOTX token fuels the network for services, payments, and governance. It has a total supply of ten billion IOTX tokens. This relatively low token supply is another reason why IOTX could be the next penny cryptocurrency to boom.
Why $IOTX Could Explode?
The potential for the $IOTX crypto token to explode lies in its unique position at the intersection of IoT and blockchain technology. As the IoT industry continues to grow, IoTeX’s innovative solutions could gain wider adoption, driving demand for the IOTX token. Additionally, its deflationary mechanisms, staking, and governance features offer incentives for users and investors.
With a market cap above $100,000,000, IOXT is also most likely not the penny crypto with 1000x potential. But 10x and 100x could take place in one of the upcoming bull runs. So, with a decent investment, IoTeX could turn out to be the penny crypto that will make you rich.
FUNToken (FUN)
FUNToken (FUN) is a cryptocurrency for gaming, prioritizing fairness and transparency. It operates on Ethereum and Polygon networks for fast and secure transactions.
Why $FUN Could Explode?
FUNToken (FUN) has the “crypto under a penny that will explode” potential due to its unique focus on the gaming industry. It offers a fast and secure platform for gamers, prioritizing transparency and fairness. With the recent launch of XFUN on Polygon, it aims to overcome scalability issues, making it more accessible and cost-effective. Plus, the profit-burn strategy and growing ecosystem suggest long-term value, making FUNToken an attractive option.
Other Mention-Worthy Tokens with a Potential to be the Next Penny Cryptocurrency to Boom
Here are some low-cap and micro-cap altcoins. In this list, you can likely find penny crypto with 1000x potential.
- Flare (FLR)
- Harmony (ONE)
- Marlin (POND)
- FLOKI
- Siacoin (SC)
- DigiByte (DGB)
- Star Atlas (ATLAS)
- MYRIA
- Moonwell (WELL)
- WOJAK
- EVERMOON
- SmarDex Token (SDEX)
- WoofWork.io (WOOF)
- Qrolli (QR)
- Mog Coin (MOG)
- A Hunters Dream (CAW)
- Osaka Protocol (OSAK)
- Dork Lord (DORKL)
A Closer Look at Crypto Under a Penny – Why Invest in Altcoins Under a 1 Cent?
We could dive deep and properly dissect the reasons behind investing in altcoins under $0.01. However, the main driving force behind this action is the goal of finding a penny crypto that will make you rich. The promise of large profits is all the WHY anyone needs!
Now, whenever there’s a low price of an asset, inexperienced trades falsely automatically presume it is undervalued.
Plus, when a crypto token costs less than $0.01, traders get to obtain a greater number of its tokens. So, instead of holding just one or a fraction of a token, they obtain hundreds of thousands of tokens. This also creates a false sense of value.
In reality, the price of a crypto token has nothing to do with its value and potential for increase. Instead, it is the asset’s market cap plays a key role. After all, the token’s price is determined by the asset’s market cap divided by the token’s circulating supply.
Now that you know the mind tricks such cryptocurrencies play on people’s perceptions, you can free yourself from them. However, that doesn’t mean you should abort your mission to find crypto under a penny that will explode. After all, the majority of new investors are unaware of these effects and are not properly familiar with the meaning of market cap. Thus, you can ride this trend. You only need to find the next penny cryptocurrency to boom early!
Nonetheless, with this information in your corner, you know that a penny crypto with 1000x potential is the one with a low enough market cap.
Crypto Under a Penny Can 1000x!
The previous crypto bull market cycles offer many examples of penny crypto that generated 1000x gains. You can find some examples below:
- Polygon (MATIC):
- Fantom (FTM):
- Dogecoin (DOGE) rallied from $0.0002993 to above $0.7 for a 2000x-plus increase:
- Shiba Inu (SHIB) went from $0.000000001 to above $0.00008 for a 10,000x-plus increase:
However, a truly mind-blowing rally took place outside a bull market. In the spring of 2023, the PEPE meme coin increased by more than 100,000x in just 23 days:
Of course, the above examples are not something to expect from every crypto under a penny. However, these examples show you what is possible for those who identify the next penny cryptocurrency to boom early!
It’s worth pointing out that the average altcoin tends to increase by 50x – 70x during a bull run. So, with a decent-sized investment, plenty of penny cryptocurrencies are available that can make you rich if you get your timing right.
Challenges with Penny Crypto
It would be naive to expect that such large gains could come without any challenges. First, most traders have no idea how to find crypto under a penny that will explode. So, the first challenge is finding a tool to spot the next penny cryptocurrency to boom early.
Second, the “penny crypto with 1000x potential” game includes three main hurdles: FOMO, scams, and lack of time.
Most inexperienced crypto investors who decide to look for penny cryptos with potential rely on influencers and news. By doing so, they hear about these opportunities often too late. As such, FOMO kicks in, and they end up buying at the top.
The whole crypto arena is still a bit of a “wild wild west.” On the one hand, this offers a lot of opportunities. However, on the other hand, this also means there are many scammy projects. So, when you commit to finding penny crypto that will make you rich, your chances of entering a scammy token increase.
Last but not least, amazing opportunities in crypto come and go fast. Plus, most folks don’t have the luxury of going full-time crypto. So, due to a lack of time to analyze the markets, average Joes and Janes miss optimal entries into crypto under a penny that will explode.
The Solution
Fortunately, 2023 gave birth to an incredible tool – the ultimate on-chain scanner – that allows you to overcome all the above challenges!
As indicated by the image below, the tool enabling you to find the next penny cryptocurrency to boom is Moralis Money.
An amazing thing about this tool is that you can access it for free. Just use the link above and start running your strategies!
However, if you’re serious about finding the next 1000x crypto, make sure to lock in the Starter or Pro plan. By doing so, you’ll gain access to all the lower timeframes. As a result, you’ll significantly increase your chances of finding crypto under a penny that will explode.
Of course, there are other great advantages of becoming a Moralis Money Starter or Pro user. Follow the above “Starter or Pro” link for more details.
All in all, Moralis Money is the key to taking your crypto trading strategies to the next level. It utilizes real-time, on-chain data to provide the best crypto signals and help you become a successful crypto trader.
After all, you can make $100 a day trading cryptocurrency and more when you start doing things the right way! Plus, you can significantly increase your chances of finding that penny crypto with 1000x potential early.
Nonetheless, Moralis Money also serves as an altcoin season indicator, a portfolio tracker, a token explorer, and much more.
How to Find Crypto Under a Penny That Will Explode
Despite the list of penny crypto with 100x potential candidates above, the real treasure hides elsewhere. It lies in your ability to find such amazing opportunities yourself the second they start to appear. And, you now know that this is the power Moralis Money offers.
So, how do you start utilizing that power?
Visit Moralis Money’s Token Explorer, apply the suitable filters, and run your strategy. Then, refine your strategy by adding/tweaking your search metrics. Once you find winning combos, start running them on autopilot!
To increase your chance of finding the next penny cryptocurrency to boom, we recommend using the Market Cap metric. To help you stay clear of scams, add the Security Score filter. Plus, to be early, focus on new coins by applying the Coin Age metric.
Visit the Token Explorer page or use the interactive widget below and run your first strategy today!
Crypto Under a Penny – Explore the Next Penny Crypto to Boom – Key Takeaways
- Static lists of altcoin tickers are not the optimal way to find crypto under a penny that will explode.
- Still, if you wish to explore some potential candidates, consider the following: GALA, BTT, PEPE, ZIL, HOT, IOTX, FUN, FLR, ONE, POND, FLOKI, SC, DGB, ATLAS, MYRIA, WELL, WOJAK, EVERMOON, SDEX, WOOF, QR, MOG, CAW, OSAK, and DORKL.
- There are several psychological factors that make cheap cryptos (the ones under $0.01) seem like they have more room to grow. However, in reality, their market caps determine how much they can increase in value.
- Consider this general rule of thumb: “The lower the market cap, the higher the potential for increase and the higher the risk.”
- The best tool to find altcoin opportunities, including the next penny cryptocurrency to boom, is Moralis Money’s Token Explorer.
So, can crypto make you rich? Heck yeah! But you must take the right approach, deploy the best tactics, and use the most powerful tools. Plus, having a sufficient budget will also greatly improve your success chances.
If you are new to the crypto sphere, we recommend exploring more articles on the Moralis Money blog. This is the place to learn about many up-and-coming crypto coins, trading strategies, and more. For instance, in one of our latest articles, we answer the question, “What is crypto gambling?”
Now, you should start running your Token Explorer strategies as soon as possible. That way, you’ll be ready to spot the best opportunities once the next bull market takes off.
