10 Best Penny Cryptos on Coinbase

If you feel like you missed out on Bitcoin, Ethereum, or other major crypto gains, don’t worry, it’s not too late. The crypto space is still growing, and there are plenty of lesser-known, low-cost coins that could turn into the next big thing. These penny cryptocurrencies may be trading for just a few cents today, but with the right momentum, they have the potential to deliver life-changing returns.

In this blog post, we explore some of the best penny cryptos available on Coinbase that could offer you the chance to make up for missed opportunities.

1. Shiba Inu (SHIB)

Market Cap: $7.37 Billion
Price: $0.00001319
Blockchain: Ethereum

Shiba Inu (SHIB) was created in 2020 by an anonymous individual or group called “Ryoshi” as a meme-inspired cryptocurrency. It gained immediate popularity due to its large supply and community-driven efforts. Operating on the Ethereum blockchain, SHIB aims to create a decentralized ecosystem with its ShibaSwap platform, NFTs, and potential metaverse involvement. Though it started as a joke, it has become one of the largest meme coins, with an active and engaged community.

SHIB’s meteoric rise has been fueled by social media support, collaborations, and its association with meme culture. Its strong community of followers, dubbed the “Shiba Army,” has kept the coin relevant, pushing it to become a major player in the meme coin market. Despite being often seen as speculative, Shiba Inu has expanded its scope and continues to develop its ecosystem.

2. Stellar (XLM)

Market Cap: $7.77 Billion
Price: $0.125074
Blockchain: Stellar

Stellar (XLM) was launched in 2014 by Jed McCaleb and Joyce Kim with the aim of creating a more inclusive and efficient financial system. Stellar’s protocol focuses on cross-border payments, enabling fast and low-cost transactions. XLM is the native cryptocurrency that facilitates transactions on the Stellar network, which is widely used by financial institutions and corporations for international money transfers.

The Stellar network is designed to bridge the gap between different financial systems, allowing for easy and secure transactions between multiple currencies. Stellar has partnered with major financial institutions like IBM, using its blockchain to streamline payments and provide financial services to underbanked populations around the world. XLM‘s value has been driven by its utility in the global payment ecosystem.

3. Pepe (PEPE)

Market Cap: $3.40 Billion
Price: $0.000001274
Blockchain: Ethereum

Pepe (PEPE) is a meme coin inspired by the popular Pepe the Frog meme, which gained viral status in online communities. Launched in 2021, PEPE is an ERC-20 token based on the Ethereum blockchain. Despite being primarily meme-driven, PEPE has garnered a loyal following and continues to grow in popularity thanks to its community-centric approach.

PEPE’s rise can be attributed to the power of meme culture and its enthusiastic fanbase. While it doesn’t have specific use cases like some other cryptocurrencies, its value has been driven by the community’s support and the widespread recognition of Pepe the Frog as a meme icon. This has helped PEPE establish itself as one of the most notable meme coins on the Ethereum network.

4. Bonk (BONK)

Market Cap: $911.9 Million
Price: $0.00000817
Blockchain: Solana

Bonk (BONK) was created in December 2021 on the Solana blockchain as a meme coin. It quickly gained attention due to its community-driven initiatives, airdrops, and social media presence. BONK aims to bring humor and fun to the cryptocurrency space, similar to other meme coins like Dogecoin and Shiba Inu. Its success was largely driven by the Solana blockchain’s scalability and low transaction fees.

The token’s fast rise in popularity came largely from its viral appeal, as the community actively worked on promoting the coin through social media and online events. Its main purpose is to create a fun, community-driven crypto experience, although its market cap continues to grow as more people participate in the BONK ecosystem.

5. Floki (FLOKI)

Market Cap: $554.7 Million
Price: $0.0000593
Blockchain: Ethereum

Floki (FLOKI) was created in 2021 as a meme coin inspired by Elon Musk’s pet dog, Floki. FLOKI operates on the Ethereum blockchain and is part of the broader meme coin trend. The token was created with the goal of building a strong community and creating real-world use cases beyond just being a meme. The Floki project has developed initiatives like Floki Inu University and NFT marketplaces, expanding its use case.

Floki’s approach differs from other meme coins in that it aims to provide value beyond speculative trading. The project’s focus on creating real-world applications and building a sustainable ecosystem has helped differentiate it in a crowded market. Its growing community and expanding use cases are contributing to its success as a meme coin with long-term potential.

6. Amp (AMP)

Market Cap: $337.7 Million
Price: $0.00390
Blockchain: Ethereum

Amp (AMP) was launched in 2020 as a collateral token to secure transactions on the Flexa network. The coin’s purpose is to provide instant collateralization, enabling secure and seamless payments for merchants and users in the digital economy. AMP operates on the Ethereum blockchain and serves as the native asset for the Flexa network, which is focused on simplifying digital transactions.

AMP’s utility in the payments space makes it an important player in the growing decentralized finance (DeFi) ecosystem. It provides a solution for instant collateralization, removing the need for delayed payment processing and making digital transactions more efficient. As the Flexa network expands, AMP’s role in facilitating faster, secure payments will become increasingly important.

7. Pudgy Penguins (PENGU)

Market Cap: $312.5 Million
Price: $0.006595
Blockchain: Ethereum

Pudgy Penguins (PENGU) is an NFT-based project that focuses on adorable, collectible penguin avatars. The project has gained significant attention within the cryptocurrency and digital art spaces. Each Pudgy Penguin is a unique, tradable digital asset, and the PENGU token is an ERC-20 token on the Ethereum blockchain that represents ownership of these NFTs.

The Pudgy Penguins project capitalizes on the growing trend of non-fungible tokens (NFTs) and their appeal within digital art communities. The team behind the project has focused on creating a strong community around the collectibles, which has led to increased demand and higher market value. Pudgy Penguins is one of the most notable NFT collections to emerge from the Ethereum blockchain.

8. VeThor Token (VTHO)

Market Cap: $215.4 Million
Price: $0.002494
Blockchain: VeChain

VeThor Token (VTHO) is the utility token for the VeChain blockchain, which focuses on supply chain logistics and enterprise solutions. VTHO is used to pay for transaction fees and smart contract executions within the VeChain ecosystem. It works alongside the VeChain Token (VET) and is vital to maintaining the network’s operations.

The VeChain blockchain is designed to streamline business processes, particularly in industries like supply chain management, where transparency and traceability are essential. VTHO facilitates the blockchain’s transaction model, helping businesses use VeChain’s services for more efficient and cost-effective operations. Its role in VeChain’s ecosystem is critical for the network’s sustainability and scalability.

9. Turbo (TURBO)

Market Cap: $178.4 Million
Price: $0.0003567
Blockchain: Ethereum

Turbo (TURBO) is an ERC-20 token on the Ethereum blockchain that aims to provide faster, more scalable decentralized applications (dApps) by reducing transaction fees and increasing transaction speed. Turbo focuses on the broader crypto space, aiming to improve user experience in decentralized finance and blockchain ecosystems.

Turbo’s mission is to enhance the Ethereum network’s capacity to support decentralized applications by lowering operational costs and improving transaction speeds. As Ethereum continues to scale with upgrades like Ethereum 2.0, Turbo aims to complement these developments by making dApp usage more accessible and efficient for users.

10. Toshi (TOSHI)

Market Cap: $138.3 Million
Price: $0.0001236
Blockchain: Ethereum

Toshi (TOSHI) is a meme-inspired cryptocurrency launched on the Ethereum blockchain. The coin is part of the broader trend of meme coins that leverage community-driven efforts and social media to gain value. While it lacks specific real-world use cases, Toshi has found success in the meme coin space, gathering support through its community’s enthusiasm.

Like other meme coins, TOSHI has gained attention through social media and online campaigns. Its value has been primarily driven by the strength of its community, as supporters rally to raise awareness and promote the coin. While speculative, Toshi’s place in the meme coin market is solidified by its growing following.

All of these penny cryptocurrencies have the advantage of already being listed on a major exchange like Coinbase, making them accessible and relatively safer options for retail investors. However, it’s important to remember that significant price movements in these coins often follow the overall momentum of the broader crypto market. If you’re looking to capture the biggest gains, the real opportunities often lie in discovering promising cryptocurrencies before they’re listed on major exchanges. Buying early, before a listing on platforms like Coinbase, can sometimes offer the highest upside—though it comes with higher risk as well.

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