The best penny cryptos in 2023

There are a lot of various digital assets in the cryptography sector. Some of them have a very high price, for example, Bitcoin. At the moment of writing the material, 1 BTC costs $23,100 and its price was equal to $69,000 at its historical peak, which was in November 2021. Of course, it is not mandatory to buy a whole one to own it, however, some people prefer to buy assets not in parts, but in whole.

In this case, there is the main altcoin, which is way cheaper and costs only $1,700 at the moment. However, not all people can afford to purchase 1 Ethereum. There are some investors, which are interested in very cheap and high-risk assets. Such cryptocurrencies can be referred to as the “Penny Cryptos” category, which means that their price is lower than one cent.

We will tell you about different digital assets, which stand out with a pretty small price and can be bought by anyone. First of all, we will talk about more popular cryptocurrencies, which do not fit the definition of Penny Cryptos, however, they are very cheap and deserve investment. We have also found a few “dark horses”, about which it is worth knowing, and they have a good perspective for investments.

Popular coins

XRP — ~$0,39 (#6 place on CoinMarketCap)

The Ripple company is highly-discussed now because the company is suing the Securities and Exchange Commission (SEC). XRP is not just a pretty cheap cryptocurrency but one of the oldest digital assets. The first idea to create XRP emerged in 2004 and after a few iterations, Ripple finally came to the creation of its cryptocurrency.

The creators of XRP had the same goal as the Bitcoin founders. Ripple wanted to provide the world with a good alternative to the common fiat systems, thanks to which people were able to make payments in any part of the world with high speed and low fees.

At the very beginning, the XRP tokens were valued at $0,0059 and their price is equal to $0,39 at the moment of writing the material. In the period from December 11, 2017, to January 5, 2023, XRP reached the mark of $3,30, starting its way from $0,23.

Ripple proved that their blockchain deserves attention and users can process payments almost without spending money on fees and transactions can be pretty quick at the same time. The Australian financial exchanges have said recently that the majority of their clients prefer to transfer money abroad with the help of Ripple but not any other way, and this method has already become recognized by many people.

Now, XRP has stuck in not the easiest situation and the future of their project will be determined in less than 2 months. Ripple made an initial public offering in December 2020, after which they received a claim from the Securities and Exchange Commission (SEC) for doing it incorrectly. XRP did not complete all the necessary procedures before an initial public offering, according to the statements made by SEC. Now, the sides have been fighting a legal battle for more than two years and March 31 is the date when the judge in charge of the XRP vs SEC case will put an end to this confrontation.

This digital asset can be in your purse for a few reasons. First of all, it has already proved itself through time, and even if Ripple was doing wrong in terms of jurisdiction, the company is already protecting itself. Secondly, Ripple can prevail and in this case, the coin might rise and give its investors a good profit. It is worth noting that SEC demonstrated itself as not the most competent opponent and their loss in the case against Ripple can be real. It is also worth remembering that the SEC chairman will likely leave his position after the end of the court case, about which journalists have already known. Many experts consider this as an admission of defeat.

The third reason why you should buy XRP is a nice opportunity in the long run. The company has confirmed that its blockchain can give people good opportunities and the popularity of its coin grows every year, which will reflect in its price in the future.

The fourth reason why XRP is worth purchasing is the cryptocurrency market factor nowadays. The digital asset market has recently grown a bit and gave a 30-50% boost for cryptocurrencies on average in January. We may see a downward movement ahead, however, the market will move in a bullish direction after that, and XRP will provide a good profit in this case. The cryptocurrency deserves to be in your portfolio if you are looking for pretty cheap coins.

Now, the general capitalization of Ripple is more than the mark of $20,000,000,000 and the level of daily trading is as close as possible to the round mark of $1,000,000,000.

Cardano — ~$0,38 (#8 place on CoinMarketCap)

Cardano is one of the most popular blockchains in the cryptography sector and a pretty promising token. One of the blockchain founders is the person who was at the origins of the original Ethereum. The launch of the Cardano platform was at the end of September 2017. In the beginning, the coin had cost $0,02 or less and the price of Cardano reached the mark of $3 in August.

This coin deserved attention from potential investors because its structure is pretty interesting. Cardano uses the Proof-of-Stake algorithm and the developers managed to realize a few technologically innovative solutions in the blockchain in 5,5 years. One of the main features of Cardano was the fact that the developers found their way to execute smart contracts. Unlike Ethereum, Cardano smart contracts divide into a few smaller transactions and are processed from sender to recipient.

Cardano works on the Ouroboros algorithm, which, in turn, can be called the variation of Proof-of-Stake. In other words, it is also largely powered by validators that send large amounts of coins for staking and provide enough computing power to conduct operations on the network. It is worth noting that, according to the developers of Cardano, their Ouroboros has become the first algorithm that has a mathematical proof of protection against attacks.

In 5,5 years, the Cardano blockchain passed an interesting path of development and has already reached 8th place in the top 10 cryptocurrency tokens with the biggest capitalization. In the future, it is unlikely that the developers will stop on the achieved result and they will continue developing the project. Now, we can see how many blockchain creators upgrade them to the second level and the world of cryptography is changing rapidly at the same time. If Cardano wants to stay competitive, it will also need to improve, and, considering its achievements, it is not worth doubting the future. We should not forget that the whole cryptocurrency market is in a slightly extinct phase. After the long global downturn movement, January was green for the digital asset market. Although we may be able to go to new depths shortly, if we invest in Cardano now, it will be able to bring a lot of money in a bullish cycle. In January, it brought 60% to investors who had invested in it before the New Year, and it might give a good profit in 2023-2025.

Dogecoin — ~$0,09 (#9 place on CoinMarketCap)

Dogecoin is a specially interesting case both on our list and in the world of cryptography in general. This digital asset was created as a meme token that related to the Doge meme.

Dogecoin has become the first digital asset in history, which already makes it pretty unique. The remarkable thing is that a nice technical realization stands behind the cultural aspect.

Dogecoin works on Bitcoin and Litecoin mechanisms, both the digital asset and blockchain were tested with time. Dogecoin was launched in December 2013. It is worth noting DOGE was released by two programmers as an example that any project can be started in the world of cryptography, even if it has no value. As a result, the meme token has become highly popular and the developers have decided to keep working on the asset.

The interesting features of Dogecoin include the speed of creating blocks and transactions, and also the size of fees. If Bitcoin has a block creation rate of once every 10 minutes, and Litecoin - 2.5, then Dogecoin produces a block once a minute. Regarding the transaction commission, it is pretty low. Until April 2022, gas costs were several DOGEs depending on the transaction, and an update that reduced the commission to 0.01 DOGE ($0.0009) was released in April last year.

In such a way, Dogecoin has become not just a cultural phenomenon in the world of cryptography but was recognized as one of the most effective ways to process payments through the blockchain. The cryptocurrency was recognized by many celebrities, including Elon Musk who has recently been the richest person on the planet. Musk stated that parts can be purchased for this cryptocurrency in Tesla stores. The interesting thing is that many establishments, including cinemas, shops, and others, started accepting payments in Dogecoin. Besides, the Canadian company Geometric Energy Corporation announced its plans to launch the Doge-1 satellite to the Moon, and the payment for the launch was made in DOGE. There were lots of such historical cases, which reflect the cultural value of Dogecoin. In such a way, the humorous project, which had been made to prove that almost everything could be sold in cryptography, turned into a good financial tool.

Dogecoin’s price was equal to $0,00030 at the very beginning. On the evening of May 8 on the Saturday Night Live show, people waited to see Elon Musk with his statement about Dogecoin, the words he said were accepted with a piece of skepticism and the coin began to sell quickly. At its peak, DOGE cost $0,71. At the moment of writing the material, Dogecoin was equal to almost $0,09. The token made a 30%+ profit in January. Considering the influence of Dogecoin all over the world and what updates the coin had and what bullish movement will be on the digital asset market, there is no reason to doubt the growth of DOGE.

If you are building a portfolio and looking for coins that will be inexpensive and have a good prospect at the same time, Dogecoin will be a great option. The coin is in 9th place on the list of tokens with the largest capitalization. The market capitalization of Dogecoin exceeds the mark of $11,700,000,000, and the market trading exceeded the threshold of $600,000,000 over the past 24 hours.

TRON

TRON is another interesting cryptocurrency asset that can be purchased at a fairly low price. TRX is connected to Ripple, as the founder of this blockchain, Justin Sun, was previously the representative of XRP in China. TRON appeared in 2017 as one of Ethereum's competitors and the company was able to raise about $70,000,000 of investments during the process of the initial public offering. However, although the project was founded in 2017, the full launch of the TRON network happened in 2018.

The blockchain stands out among its competitors because it works on an interesting algorithm called Delegated Proof-of-Stake, and the block generation speed is incredibly high and is equal to 3 seconds. For comparison, Dogecoin forms a block in 1 minute, Ethereum in 2.5 minutes, and Bitcoin in 10 minutes. Since TRON generates blocks every 3 seconds, the network bandwidth reaches 2,000 transactions per second. In general, the TRX architecture is quite interesting and consists of three main levels: the core, the application level, and the storage level, and the blockchain works on three types of nodes.

TRON became highly popular after the transfers of the Tether stablecoin became available in TRX networks in 2019. Until that moment, USDT could only be transferred over the Ethereum and Omni networks and had a pretty large commission. Depending on the amount sent, the fees could reach $15, $30, or more, but everything changed with the arrival of TRON to the territory of Tether. Since then, users have been able to process transactions in USDT with a fee of less than $1. The popularity of TRON and the use of USDT in this network has become so significant that the total capitalization of the USDT/TRX trading pair exceeded the mark of $41,000,000,000 in April 2022 and reached almost half of the current assets in all blockchains. Thus, users have shown that they prefer TRON as a blockchain, in which they would like to process transactions with USDT.

In general, the coin looks quite interesting, however, the connection of Justin Sun from TRON with the Huobi cryptocurrency exchange and the loss of relevance of USDT with TRX over time clouds the future of TRON a bit. If you are going to buy this cryptocurrency, then it makes some sense but this coin certainly should not be a serious part of your crypto portfolio. We also note that USDT is causing more and more skepticism in the community, and some platforms even remove the coin from their exchanges in certain countries, such as Crypto.com in Canada. Considering that TRON is mostly popular as an excellent USDT relay, their activities may also be at risk.

At the moment, TRON has a value of $0.065. In January, it increased only by 20%, which is quite modest by the standards of what we could see in the world of cryptocurrencies. The capitalization of TRX is almost $6,000,000,000, and the level of trading made over the past 24 hours has almost reached $500,000,000.

The dark horses

As we can see, the sector of artificial intelligence and neural networks develops more and more every year. This January marked the beginning for the market to look at the prospect of growth. As a result, most of the coins received a 20-50% increase in value, however, “the dark horses”, which we have selected, have a much more beautiful road and can repeat the success if the market rises. In addition, these assets are referred to the category of Penny Cryptos, since their value is several times less than our gold mark of $0.01.

Artificial Liquid Intelligence — $0,067 (#222 place on CoinMarketCap)

Artificial Liquid Intelligence (ALI) is the company that developed CharacterGPT, an artificial intelligence service where users can create their characters for different purposes. There are also spin-offs such as smart NFTs for the world of non-fungible tokens from the Noah's Ark series, as well as My Character AI. The last phenomenon is pretty interesting because the developers of artificial intelligence allow users to design and create their characters, which will learn the things that these users will teach.

The developers from Artificial Liquid Intelligence convince users that they will be able to make the character they would like since artificial intelligence never stops learning.

At the start, the ALI token was released a year ago and was estimated at an average of $0.05 for one unit. It reached $0.12 soon, after which it began to fall and the price was equal to $0.009 at the beginning of this year, and the token managed to grow from $0.009 to $0.09 in the first month. The investors who had entered a position at the beginning of 2023 could multiply their deposit by 10 times, which is very good for the world of the crypto industry. Now, the token has rolled back to $0,067 but this coin should not be underestimated.

Considering how artificial intelligence technologies continue developing now and what steps are made by the representatives of the company ARtificial Liquid Intelligence, there is almost no doubt that it will generate a very good profit in the future but it will take more than a month. With the bullish cycle, much money is invested in the world of digital assets and it is distributed among various assets.

Artificial Liquid Intelligence is a token, which is nicely balanced between the categories of “pretty famous to invest in” and “it is not too late to enter”. The token is not so famous in the world of cryptography but it is quite discussed among people to invest money in it. At the moment, ALI places 222nd on the list of crypto assets with a large capitalization.

The price of ALI is just $0,067 and the general capitalization of the asset is equal to $243,000,000+, while the trading volume for the last day exceeds $4,600,000.

It is worth noting that the Artificial Liquid Intelligence token is available for purchase at decentralized platforms at the moment and it has not been listed on the exchange yet. For this reason, it is worth learning how to use a wallet (for example, Trust Wallet) to purchase this asset. Another bad news regarding ALI is the fact that the purchase and selling of tokens are made in the Ethereum networks, which means a high level of fees.

However, if you already know how to operate cryptocurrency wallets and carry out purchase and sale acts on exchanges operating on the decentralized finance (DeFi) system, then it will not be difficult for you to purchase such an excellent coin as ALI in your wallet, which can bring very good profit in a middle and long term.

DeepBrain Chain — $0,005 (#664 place on CoinMarketCap)

DeepBrain Chain (DBC) is one of those cases when a token loses a lot in its price and can’t come back to its past numbers later. However, the coin feels very good nowadays and shows that DBC deserves to be invested in and considered as one of the assets in crypto portfolios.

DBC was released at the end of December 2017 and cost $0,09. It increased up to $0,44 in a few weeks, after which it started falling rapidly and reached $0,001 in December 2018. This year, with the change of the mood in the cryptocurrency market, similar things happened with DeepBrain Chain. At the moment of January 1, the token was evaluated as $0,0011, the coin gained 200% to its price a month later, and its value increased 9,6 times on February 7, compared to January 1.

So what is this project about and why has it grown so well recently? According to the developers from DeepBrain Chain, their startup is an attempt to create an infinitely scalable distributed high-performance computing network. The developers hope to make a big impact in the era of artificial intelligence development.

DeepBrain Chain can be used in different spheres, according to the developers, and is a unique device for various companies. DBC can be realized not just in blockchain networks and artificial intelligence but used in other computer sectors. The last ones can include cloud gaming, visual rendering, biological pharmacy, modeling, etc.

The company states that many high-performance cloud platforms of GPUs were launched all over the world and they are used as the basis for the DeepBrain Chain network. According to the last ones, there are more than 50 large manufacturers, hundreds of companies, and dozens of thousands of groups that use DBC networks all over the world.

The DeepBrain Chain token now places 642nd on the list of the tokens with the largest capitalization. In general, the level of capitalization equals $17,600,000 and the trading value can hardly reach $1,200,000 on the last day. If you consider this coin as an investment, it will be only for the long term.

SingularityNET (AGIX) — $0,45 (#78 place on CoinMarketCap)

This is the leader of the world of artificial intelligence and the coin, which can be related to the cheap ones. The company offers symbiosis and an interesting ecosystem, which combines a few startups related to neural networks and artificial intelligence. The remarkable thing is that this ecosystem includes both companies that can work on research in the medical sphere and organizations that try to create digital doppelgangers, which can use human behavior. SingularityNET is a pretty interesting project, which might not just be profitable in the long term but help to develop the artificial intelligence sector.

However, the token had a very unsuccessful start. The coin emerged in networks in January 2018 and cost $1,5 per unit. 4 months later, its price dropped to $0,11 and it even reached $0,01 in a few years. However, the token reached the mark of $0,50 twice during the bullish movement in 2021, which could bring 50x of the deposit to some investors. The first month of 2023 also stands out with a positive movement for SingularityNET.

January 2023 started for AGIX with the mark of $0,05 but the last week helped the coin to raise to $0,65 in a short term, which could bring some investors a 13-times multiplier. In the near time, the token will likely continue falling but it is still worth considering because the coin enters the top 80 in terms of capitalization and places first among all crypto projects related to artificial intelligence. Besides, as we considered earlier, the goals of the startup are interesting and SingularityNET can help to develop artificial intelligence.

It is worth noting that AGIX tokens circulate in the Ethereum network, which means high commissions. The project is pretty interesting but you should just invest the money you are not afraid to risk and leave them for a few years.

What coins should be chosen for your portfolio?

If you prefer low risks, we will recommend you buy cryptocurrencies that are cheap but have a good fundamental to generate profits. If you are going to invest in more or less risky assets, which might provide you with a big income, it will be better to use a small sum for investments in such coins. Otherwise, the risk may not be justified. It is also worth thinking about trying yourself in several coins from the list we have created. You will have good diversification and get an income once the cryptocurrency market finally turns and starts moving upwards.