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14 New Cryptocurrency Launches to Invest in 2024

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new cryptos to invest in

Investing in new cryptocurrencies from the ground up can be beneficial. For one, you are able to buy into new projects before they take off, meaning preferential pricing and a favorable market capitalization. 

But which new cryptocurrency projects are worth exploring in 2024? In this guide, I reveal the 14 best new cryptocurrencies to invest in. Read on to discover which new projects could become the next 100x success story.  

  • New multichain meme token with over $13 million raised in its presale - ends soon.
  • As a PoS token users can stake their holdings and earn passive rewards - currently over 80% APY.
  • Wormhole and Portal Bridge technology gives holders access to other blockchains for cheaper fees and faster transactions.
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • MATIC
    MATIC
  • +1 more
  • Fun play on South Park with viral potential amid Solana meme coin craze
  • Looks to capitalize on expected Summer meme coin frenzy
  • Rumors that it's from same team as SLERF which saw big gains earlier this year
Project Launched
May 2024
Purchase Methods
  • SOL
    SOL
  • Brand-new meme ERC20 token integrating two hot niches AI and crypto meme culture
  • Degens can buy and stake $WAI to earn passive rewards in excess of 1,000% p/a
  • WienerAI's presale is currently trending having raised over $700k
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • The world's top GameFi token hosted on the Solana blochain
  • Coming from an established crypto casino with over 50k players, $DICE offers new utility to this popular casino
  • $2.25M available via airdrops for casino players
Project Launched
April 2024
Purchase Methods
  • SOL
    SOL
  • ETH
    ETH
  • BNB
    BNB
  • Exciting new Learn-to-Earn ecosystem expected to 100x ahead of Bitcoin halving event.
  • Token holders gain exclusive access to trading webinars, courses and more.
  • Buy and stake $99BTC tokens to earn passive rewards.
Project Launched
April 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Bank Card
    Bank Card
  • USDT
    USDT
  • +1 more
  • Previous version witnessed 100x pump in 2023
  • Massive community of Spongers including +30k followers on social media
  • Early investors can buy and stake $SPONGEV2 tokens for 163% p/a rewards
Project Launched
January 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • Massively-hyped solana meme coin with unprecedented airdrops
  • Buy and stake $SMOG tokens for 42% APY rewards
  • Complete tasks, quests, and challenges to earn rewards
Project Launched
February 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • Driving a sustainable transportation revolution with green $TUK presale
  • Investors can buy and stake $TUK tokens for 85% yearly rewards
  • Integrates AI for predictive maintenance of electric vehicles
Project Launched
September 2023
Purchase Methods
  • BNB
    BNB
  • USDT
    USDT
  • Bank Card
    Bank Card
  • One-of-a-kind crypto project allowing users to trade fractional NFTs of real-world luxury vehicles
  • Users who acquire 100% of NFTs can burn their NFTs and have real-world car shipped to them
  • Buy $DCARS tokens to earn passive income from rentals. Presale has raised $250k+ so far
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Hottest new crypto presale offering airdrops and staking
  • Native $HPLT token is the future of crypto gambling
  • Presale investors receive 50% site credits
Project Launched
February 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT

The Top New Cryptocurrencies to Invest in Today

My research shows that the following 14 projects are the best new cryptocurrencies to invest in today. 

  1. Dogeverse (DOGEVERSE) – Overall best new multi-chain meme coin to invest in with impressive staking rewards
  2. Sealana (SEAL) – Solana-based meme cryptocurrency based on a popular South Park character. $120K raised.
  3. WienerAI (WAI) – Next viral meme crypto with AI integration, over $640K raised in a week
  4. Mega Dice Token (DICE) – Popular Casino token offering daily bonusesMega Dice Token (DICE) – Popular Casino token offering daily bonuses and high staking rewards, and high staking rewards, $850K raised.
  5. 99Bitcoins (99BTC) – Learn-to-earn project, rewards early presale investors with high staking APY and an airdrop
  6. Sponge V2 (SPONGE) – New version of the viral meme coin, with V1 achieving 3,000% gains in just three days 
  7. BlastUp (BLP)New crypto launchpad offers staking rewards and new NFTs. $5M raised on presale
  8. Dreamcars (DCARS) – Trending new project redefining luxury car ownership using blockchain.
  9. Arbitrum (ARB): Provides layer 2 solutions to Ethereum-based cryptocurrencies, with 266 dApps already bridged 
  10. Jupiter (JUP): New decentralized finance platform for the Solana ecosystem with an immediate Binance listing  
  11. UniDexAI (UNIDEXAI): Innovative decentralized exchange with advanced trading features and in-depth charts 
  12. LootBot (LOOT): Automates the crypto airdrop process, allowing users to claim an unlimited number of tokens 
  13. GME (GME): A new meme coin based on the GameStop saga, with $55 million trading volume in the first 24 hours  
  14. WagieBot (WAGIEBOT): Facilitates anonymous buy and sell orders on the Telegram app, plus copy trading tools  

Reviewing the Best New Crypto to Buy

Most new cryptocurrencies fail to live up to investor expectations. Therefore, choosing the best new coins to buy is no easy task. To help clear the mist, we’ll now review the above list of new cryptocurrencies.   

1. Dogeverse (DOGEVERSE): Overall Best New Cryptocurrency to Invest in for 2024

Dogeverse is a new dog-themed meme coin with the potential to make a big impact ahead of Doge Day on April 20th. Indeed, on the first day of its presale, it raised over $250,000 within the first few minutes and left early investors optimistic about potential gains.

Dogeverse presale page

Dogeverse is the world’s first multi-chain dog-themed meme token. Built on the Ethereum network, you can also buy the token with the Binance, Avalanche, and Polygon chains too. Furthermore, support for Base and Solana is in the pipeline, adding even more versatility.

Such an innovative approach means Dogeverse is the first dog-themed meme token to become available on 6 chains all at once, which is sure to propel the coin to new viral heights as previously seen with tokens on the Base and Solana networks.

Dogeverse also boasts an impressive staking mechanism that aims to distribute 10% of the total token supply over the coming two years. With rewards of 600,000%, APY, Dogeverse staking is certain to prove popular.

With a total token supply of 200 billion, some 15% are reserved for the presale (30 billion), meaning it pays to get in early before all presale tokens are sold out.

For more information, be sure to check out the official website. For all the latest news, you can follow the official channels on Twitter and Telegram.

Key Takeaways

  • Multi-chain meme coin designed to be available on 6 leading networks
  • Launched to coincide with Doge Day on April 20th
  • 10% of total supply reserved for staking (20 billion)
  • 15% of total supply earmarked for presale (30 billion)

Visit Dogeverse

2. WienerAI (WAI) – Next Viral Meme Crypto With AI Integration, Over $640K Raised In A Week

Another promising new crypto to watch out for is WienerAI. It is a hot new meme crypto that has caught huge investor attention since its launch. The platform uses the fun of memes and offers real utility with its AI integration, which makes it different from typical meme coins.

The coin’s engaging backstory about a “sausage canine” AI that’s designed to keep upgrading itself is catchy and has the potential to go viral.

It recently launched a presale for its native $WAI tokens, where early buyers can get these tokens for just $0.000702 each. However, this price will increase in the next presale stage and during the expected exchange listings soon.

WienerAI presale homepage

The $WAI token presale raised over $640K in less than a week of its launch, showing huge community support and investor trust.

Early buyers can also get a high APY when staking their $WAI tokens. At the time of writing, the platform offers an over 1,300% APY. But this rate will decrease as more people enter the staking pool.

WienerAI’s roadmap includes plans to list on major exchanges, potentially driving its price up and offering high returns to early buyers. If you want to stay updated with the latest news, you can follow their X (formerly Twitter) and join its Telegram group.

Key Takeaways

  • High staking APY for early investors.
  • Raised over $640K in a week.
  • Integrates AI with meme tokens to offer utility

Visit WienerAI Token Presale

3. Sealana ($SEAL) – New Meme Coin Built on the Solana Blockchain, Over $120K Raised

The next new cryptocurrency to invest in 2024 is $SEAL, the native token of Sealana. This is a new token built on the Solana blockchain. 

Sealana’s project features an image of a lazy and obese American Redneck seal. It is based on the World of Warcraft Guy, a popular character from the South Park TV show. In order to move out of his mom’s basement, Sealana decides to start trading cryptocurrencies. 

Sealana presale

Just like its central character, the Sealana project is for bold traders and risk-takers looking to secure huge returns on their investments. In recent times, SOL-based meme coins have been soaring. For instance, Popcat is a new coin that is up by 280% in two weeks. 

Those looking for the next big SOL project can take part in the ongoing $SEAL presale. Send SOL tokens to this wallet address – DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c. 

Once the tokens are transferred, you will earn $SEAL holdings directly in your crypto wallet. In just a few days, the presale has raised over $120K. 

Stay tuned for further project updates by joining the Sealana Telegram channel and following Sealana on X (Formerly Twitter)

Key Takeaways: 

  • Sealana is a new Solana-based meme coin. 
  • Sealana has raised over $120K on presale. 
  • Send SOL directly to the crypto wallet address to join the presale 

Visit Sealana Presale

4. Mega Dice Token (DICE): Popular Casino Token Offering Daily Bonuses and High Staking Rewards

Next on our list of new cryptos to buy is the Mega Dice Token ($DICE). It’s the native token of a popular crypto casino called Mega Dice Casino. The casino has over 50,000 users and an average monthly betting volume of over $50 million. 

The platform recently launched a presale for its $DICE tokens, where early buyers can grab them for a relatively low price. At the time of writing, early buyers can get $DICE for just $0.069. 

Players holding $DICE can get daily bonuses, special promotions, and rewards for staking their tokens in three different pools. The platform raised over $850K in just a few weeks of launch.

Mega Dice Token Presale

When you stake $DICE, you can get benefits like rare NFTs that can improve your gameplay. You can also trade these NFTs with other players.

Per the Mega Dice Token whitepaper, the project has a supply limit of only 420 million $DICE. The casino will also buy back and burn some tokens, which makes the remaining ones more valuable.

Plus, Mega Dice also offers a massive $2.2 million airdrop that is split into 3 seasons. Active users betting $5,000 can participate in this airdrop and win up to $750,000 each season.

The ongoing presale also has a referral commission that lets you earn 10% (with no limit) on the amount invested by the person you referred.

Interred users can enter Mega Dice Token’s Telegram group and follow it on X (Twitter) for the latest updates.

Key Takeaways: 

  • High passive rewards for presale buyers
  • Established casino with 50,000 users
  • Offers referral commission and bonus

Visit Mega Dice Token Presale

5. 99Bitcoins (99BTC): Generous Staking APY and a Token Airdrop for Early Supporters

99Bitcoins is one of the best new cryptocurrencies to buy because of its high staking APY of over 19,000% during the early presale days as well the chance to earn a piece of the $99,999 worth of $99BTC tokens airdrop.

Aside from this immediate reward, 99Bitcoins Token has a massive potential to grow this year. As Bitcoin trades around all-time highs and Bitcoin halving right around the corner, 99Bitcoins is positioned to benefit.

99 bitcoins

Buy $99BTC on its token presale site using ETH, USDT, BNB or a card once you connect your MetaMask wallet. Claim your tokens once the presale ends.

For now, the token will work on the Ethereum blockchain, but later this year, the team will bridge to the BRC-20 token standard on the Bitcoin blockchain.

99btc staking

Additional features that are coming out this year include optimization in the learn-to-earn mechanics, decentralized exchange and a crypto trading signal platform, based on the 99Bitcoins whitepaper.

Key Takeaways

  • Generous staking APY of over 19,000% during the early presale stages
  • Token airdrop of $99,999 worth of $99BTC tokens
  • Innovative learn-to-earn platform

Visit 99Bitcoins

6. Sponge V2 (SPONGE): New Version of 100x Meme Coin with Upcoming P2E Game and 173% APY

While Sponge V2 is a self-proclaimed meme coin, it offers significant upside potential. In a nutshell, Sponge V2 is the continuation of the original Sponge token. Sponge V1 – which launched in May 2023, produced 3,000% gains for early backers. Not only that but this feat was achieved in under a week of launching. 

The same team is now offering a second chance for those who missed out. Sponge V2 already has a huge launchpad to replicate its predecessor. For instance, the original Sponge token is listed on many centralized exchanges. This means the Sponge V2 team already has partnerships with the right people.

Sponge homepage

Sponge also has a sizable following on social media. Not to mention over 13,000 token holders. These factors can help propel Sponge V2 to unprecedented heights. The good news is that Sponge V2 hasn’t been listed on crypto exchanges yet. It’s currently raising funds from investors. Unlike other presales, it has opted for a bridge-to-buy framework. 

In simple terms, those with Sponge V1 tokens can bridge them to V2. The other option is to buy Sponge V1 on the V2 presale website. After completing the purchase, the V1 tokens will automatically be bridged to Sponge V2. Although credit cards are accepted, paying with ETH or USDT offers an anonymous investment experience. 

Key Takeaways

  • Brand-new meme coin with huge upside potential 
  • Continuation of Sponge V1 – which generated 3,000% returns in under a week
  • Over $3.2 million worth of V1 tokens have been bridged to V2

Visit Sponge V2

7. BlastUp (BLP) – New Cryptocurrency Launchpad Has Raised $5M on Presale 

BlastUp ($BLP) is a Launchpad giving $BLP token holders access to new projects on the Blast ecosystem. Notably, BlastUp is the only Ethereum L2 offering native yield for ETH and stablecoins. 

Furthermore, BlastUp is the first layer-two blockchain to reach a TVL (Total Value Locked) of $1 billion in just 35 days. One of the integral components of BlastUp is $BPL, the native token. $BLP token holders get exclusive loyalty rewards by investing in new IDO projects through the BlastUp launchpad. 

BlastUp tokenomics

The points can be collected by holding and staking $BLP or by contributing to the ecosystem. This new crypto has raised $5 million since its presale launched. From a 1 billion token supply – 200 million tokens are being offered through the presale. 

Currently, $BLP is priced at $0.06 per token. For more information, join the BlastUp Telegram channel and follow the project on Twitter

Key Takeaways

  • First L2 blockchain to reach a $1 billion TVL in 35 days. 
  • Stake $BLP tokens to get a portion of funds raised from launchpad projects.
  • Raised $5 million in a few weeks since the presale launched. 

Visit BlastUp

8. Dreamcars (DCARS) – Trending new Project Redefining Luxury Car Ownership Using Blockchain

Dreamcars ($DCARS) is a trending new platform that redefines how people can own luxury cars using blockchain. Using the platform’s native tokens, you can buy small pieces of really fancy cars like Ferrari, Lamborghini, Rolls Royce, Bentley, and Porsche.

One of the key features of Dreamcars is that when people rent these luxury cars, the owners of the small pieces can earn passive rental income. Instead of expensive cars losing value over time, they can actually make passive money for their owners.

Dreamcars presale

Dreamcars leverages blockchain to ensure everything is safe and transparent. The project uses the concept of NFTs – where Each NFT is connected to the real car’s purchase info and has details like the car’s unique number.

You can also trade your car NFTs on the project’s marketplace. You can see how much they were worth in the past, set alerts for prices, and even use your NFTs to get loans with good rates.

Dreamcars aims to offer a stable and growth-oriented alternative to traditional investments, offering up to 60%. Users can enter the Dreamcars Telegram channel and follow it on X (Twitter) to get the latest updates on the project’s progress.

Visit Dreamcars

9. Arbitrum (ARB): Layer 2 Ethereum Solution Building Strong Momentum     

Arbitrum is a top-rated project that offers layer 2 solutions to Ethereum-based ecosystems. This enables decentralized applications to scale their projects, reduce fees, and increase transaction speeds. Those bridging to Arbitrum still benefit from Ethereum’s robust security features.   

Arbitrum price chart

The key difference is that Arbitrum smart contracts are handled off-chain. This removes transactional friction and ensures complete efficiency. Although Arbitrum has been a work-in-progress for several years, ARB tokens were launched in March 2023. Within a week of being listed on exchanges, ARB declined by over 90%. 

However, its fortunes have since reversed. In late 2023, ARB was trading at just $0.77. In January 2024, ARB hit a high of $2.40. This represents gains of 210%. However, Arbitrum is valued at just $2.1 billion right now. This coin could be undervalued, considering 266 projects are already using Arbitrum. This includes Tether, Maker, the Graph, Uniswap, Compound, and USD Coin. 

Key Takeaways

  • Layer 2 solutions provide scalable, cheap, and fast transactions for Ethereum-based projects 
  • 266 projects have already bridged – including large-caps like Tether and USD Coin 
  • Market capitalization of $2.1 billion could be undervalued 

10. Jupiter (JUP): Decentralized Finance Services for the Solana Ecosystem      

Jupiter is one of the best cryptocurrencies to invest in decentralized finance (DeFi). While most DeFi projects serve the ERC-20 system, Jupiter is a Solana-based project. This means investors can trade Solana tokens without using centralized exchanges. No account is required either, as users simply need to connect their wallet to the Jupiter platform. 

Jupiter price chart

Jupiter also supports cross-chain functionality. Supported networks include the Binance Smart Chain, Base, Ethereum, and TRON. Jupiter also enables investors to dollar-cost average their investments. This is a unique tool that isn’t usually supported by decentralized exchanges. Jupiter also enables traders to execute limit orders. 

Jupiter’s native cryptocurrency, JUP, was launched on January 31, 2024 at $1.2707. The tokens have since declined by almost 65%. Nonetheless, JUP has a market capitalization of over $770 million. Moreover, JUP is already listed on tier-one exchanges including Binance, KuCoin, Gate.io, Bybit, and OKX. Therefore, investors have the opportunity to buy the dip while prices are still cheap. 

  • Decentralized finance platform for the Solana ecosystem
  • Features include decentralized swaps, dollar-cost averaging, and cross-chain functionality 
  • Already listed on tier-one exchanges like Binance and KuCoin  

11. UniDexAI (UNIDEXAI): New Decentralized Exchange With Advanced Trading Features      

Next up is UniDexAI, a new decentralized exchange that supports all tokens on the ERC-20 standard. While similar to Uniswap, UniDexAI offers a wealth of advanced features that will appeal to active crypto traders. This includes in-depth pricing charts, enabling technical analysts to make informed decisions. 

UniDexAI price chart

There’s support for multiple time frames and indicators, including the RSI and MACD. It also offers detailed order books, custom order types, and AI contract audits. The latter helps traders detect tokens that could potentially be scams. UniDexAI’s native token, UNIDEXAI, offers a revenue share program. 

Those holding UNIDEXAI will be entitled to 40% or 60% of the generated revenues, depending on their tier. This is funded by trading exchange commissions, ad revenues, and a custom routing tool. UNIDEXAI was launched in the prior 24 hours. The tokens are already up 25%, giving the project a market capitalization of $3.3 million. 

  • Decentralized exchange with advanced charting tools and technical indicators 
  • Supports all tokens on the ERC-20 standard
  • Revenue sharing program of up to 60% for UNIDEXAI holders 

12. LootBot (LOOT): Automatically Scan and Claim Crypto Airdrop Tokens       

LootBot is an innovative cryptocurrency project that was launched in July 2023. It has developed a tool that automates the crypto airdrop process. Ordinarily, users are required to search for upcoming airdrops manually. They’ll then need to complete tasks before claiming their tokens, such as sharing and liking posts on social media. 

LootBot price chart

LootBot not only finds the best airdrops but it completes the required tasks on your behalf. Its premium plan, costing $30 per month, offers unlimited airdrop volumes. It provides you with a personal wallet and full control of its private keys. Those holding at least 1,000 LOOT tokens get a 50% discount. 

Based on current LOOT prices, that’s about $463 worth of tokens. LootBot also offers a freemium plan but this comes with limitations. Nonetheless, LootBot has a modest market capitalization of just under $4 million. Over the prior seven days of trading, LOOT tokens are up over 30%. 

  • Automates the crypto airdrop process 
  • Finds airdrops and completes tasks on your behalf 
  • LOOT tokens are up 30% in the prior week  

13. GME (GME): New Meme Coin Based on the GameStop Saga Attracting High Trading Volumes         

GME is a new meme coin project that was launched less than 24 hours ago. It is based on the GameStop saga of 2021, which saw Reddit members take on hedge fund short-sellers. Like most meme coins, GME has no intrinsic value or use cases. It does, however, have a growing community of token holders and has secured several exchange listings. 

GME price chart

This includes Raydium, Orca, Bitrue, XT.com, and LBank. GME also has over 7,000 Twitter followers and 9,000 Telegram members. Built on the Solana blockchain, GME has already attracted over $55 million in trading volume. 

This is impressive, considering most new meme coins struggle to achieve sufficient liquidity levels in the early stages. In terms of pricing, GME tokens are up almost 25% since launching. That said, prices are 30% below their prior peak. According to CoinMarketCap data, GME has a fully diluted market capitalization of $48 million.  

  • New meme coin with $55 million trading volume in the prior 24 hours
  • Based on the GameStop vs Wall Street saga
  • GME tokens are up 25% since launching  

14. WagieBot (WAGIEBOT): Buy and Sell Crypto Tokens via the Telegram App Anonymously           

WagieBot is also one of the best new cryptocurrencies to invest in right now. This project enables users to buy and sell crypto tokens directly on the Telegram app. This means traders aren’t required to open an account with an exchange, let alone provide personal information or KYC documents. 

Wagie Bot price chart

Instead, users simply need to join the WagieBot Telegram group and choose which tokens to swap. WagieBot then provides the user with a unique deposit address. Once the user has transferred the tokens they wish to swap, WagieBot automatically completes the trade. The tokens will then arrive in the user’s wallet. 

In addition, WagieBot has also developed a copy trading tool. This enables users to copy the trades of an experienced crypto trader. Simply provide the traders’ wallet address to mirror all future trades, at your preferred stake size. According to CoinMarketCap data, WagieBot is up just 3.9% since its 2023 launch

  • Trade crypto tokens directly from the Telegram app
  • No account, personal information, or KYC documents are needed 
  • Also offers copy trading tools 

How I Picked the Best New Crypto Launches to Buy

Having analyzed the 14 best new cryptos to buy, you might be wondering how my investment thesis was reached.  

Read on to discover five key research methods that will help you choose the right new tokens for your portfolio. 

Solutions for Existing Problems  

The first step is to research the project’s objectives. Put otherwise, does it offer a solution to an existing problem? If so, this could encourage other investors to buy into the project and create consistent demand over time. 

For example, Bitcoin Minetrix solves issues within the Bitcoin mining niche. In the current landscape, Bitcoin can only be mined by large mining farms with specialist rigs and vast resources. This means the average consumer doesn’t stand a chance of competing. 

The solution is Bitcoin Minetrix’s stake-to-mine concept. Users earn credits after staking BTCMTX tokens, which can be exchanged for Bitcoin mining power. There is no requirement to own mining hardware. Simply buy and stake BTCMTX before earning Bitcoin mining rewards.

Similarly, Arbitrum provides ready-made solutions for Ethereum-based projects. This means dApps – such as metaverse or play-to-earn games, are no longer hindered by scalability issues. This is because Ethereum-based projects can bridge to Arbitrum. In doing so, they benefit from scalable, cheap, and fast transactions.      

Long-Term Token Utility 

Investors should explore the token’s utility when researching new cryptos to watch. This refers to the use case of the token you’re buying. If the token provides access to a unique product or service, this can increase demand.

Broader Market Interest and Community Members  

New cryptocurrency investments are often speculative. This means pricing trends are sometimes based on hype and FOMO rather than anything intrinsic. For example, Shiba Inu became a multi-billion dollar asset within a year of launching. It was simply marketed as a ‘Dogecoin Killer’ at the time.  

Nonetheless, Shiba Inu focused on building its community and creating excitement through its social channels. This encouraged speculative investors to buy into the project for fear of missing out. Today, Shiba Inu remains one of the most popular cryptocurrencies in the market. 

Sponge V2 could follow a similar trajectory to Shiba Inu. Its original V1 token increased by over 3,000% after launching in 2023. Just like Shiba Inu, Sponge V1 attracted a huge following on social media, not to mention thousands of token holders. 

This ever-growing community is now transitioning to Sponge V2. This means it already has a launchpad to achieve similar returns to its predecessor. What’s more, Sponge V2 is a presale project, so new investors can secure a discounted entry price.  

Market Capitalization 

New cryptocurrencies are valued based on their market capitalization. So, if the new project issues 10 million tokens that are priced at $1 each, it has a market capitalization of $10 million. The market capitalization can influence the project’s upside potential.  

For example, consider projects like Bitcoin, Ethereum, and BNB. They’re already worth many billions of dollars. Achieving significant returns of 50x or more will be challenging. Ethereum, for instance, is currently worth $277 billion. 

At 50x growth, Ethereum would need a market capitalization of almost $14 trillion. This would make Ethereum more valuable than many blue-chip companies like Amazon, Apple, and Microsoft. 

In contrast, consider a new cryptocurrency with a $10 million valuation. At 50x growth, it would still be worth just $500 million. This is a lot more achievable, especially in the short-to-medium term.  

Look for Trending Presale Campaigns  

The best new cryptocurrencies begin life as a presale project. This means it raises funds from early investors before listing on exchanges. As such, presale investors can buy into a new project from the ground up. 

This provides access to the cryptocurrency before the broader market. What’s more, presale investors almost always get preferential pricing. This is similar to investing in a stock during the IPO process. 

Trading signals

The difficulty is knowing which presale to invest in. You can consider some of the factors discussed earlier, such as solutions to existing problems, token use cases, overall hype, and market capitalization. 

It’s also a good sign if the presale is raising significant amounts from early investors. This shows that seasoned cryptocurrency traders believe in the potential of the project. For example, Dogeverse has raised more than $1.8 million from presale buyers in just a few days. 

Similarly, more than $3.2 million worth of V1 tokens have been bridged to Sponge V2.   

Why Invest in New Cryptocurrencies?

Read on to discover why investing in new cryptocurrencies can make sense for your portfolio. 

First-Mover Advantage

Investing in a new cryptocurrency offers a first-mover advantage. This means you’ll be investing in a new project before it is listed on crypto exchanges. You’ll also be investing prior to the project becoming mainstream. 

While there’s no guarantee this will happen, the risks will be built into the investment price. For example, imagine investing in Bitcoin in 2011. Back then, you could have bought Bitcoin for just $1. 

Those investing were entering the unknown, as nobody knew that Bitcoin would eventually become a trillion-dollar asset. The reward? Based on an entry price of $1, Bitcoin has since increased by over 6.7 million percent. 

Invest at a Small Valuation

In general, new cryptocurrencies are launched with a small valuation. There are some exceptions, such as EOS – which raised over $4 billion in its 2017/18 ICO. Similarly, Jupiter – which launched several days ago, already has a market capitalization of over $770 million. 

Nonetheless, most new cryptocurrencies will be listed on exchanges with a valuation of several million dollars. This gives investors the opportunity to target a huge upside.

Crucially, other gamification cryptocurrencies – such as the Sandbox and Axie Infinity, were worth several billion dollars during the prior bull market. This shows that even $200 million is a modest upside target.  

New Cryptocurrencies Can Blow Up After Listing on Exchanges

With the right marketing and community-building skills, new cryptocurrencies can explode after listing on exchanges. In some cases, significant returns can be achieved in weeks, sometimes days. 

For example, I mentioned earlier that Pepe increased by 7,000% after just 17 days of listing on exchanges. This means a $7,000 gain for every $100 invested before the launch. Similarly, Sponge V1 increased by 3,000% within three days of its 2023 launch. 

All that said, some investors will hold onto their new cryptocurrencies for longer periods. In doing so, this can result in even larger gains. 

  • For example, suppose you bought BONK tokens when they launched on December 31, 2022. 
  • CoinMarketCap data shows you would have paid just $0.0000001487 per BONK token. 
  • Just under one year later, BONK hit an all-time high of $0.00003419. 
  • This translates to growth of almost 23,000%. 
  • That’s $23,000 for every $100 invested in BONK when it first listed on exchanges. 

Investing in new cryptocurrencies as soon as they’re listed on exchanges can be a smart move. However, if the project holds a presale campaign, this will typically result in a lower entry price. This means you can target even bigger gains, as the cost average is less per token.  

Great for Building Diversified Portfolios 

We’ve established that choosing the best new cryptocurrencies to invest in can be a complex undertaking. This makes diversification even more important. Fortunately, most new cryptocurrencies can be purchased cheaply. 

This means you can invest in lots of different projects without risking too much money. For instance, suppose you’ve got $1,000 to invest in new cryptocurrencies. You could invest in 12 different cryptocurrencies at $100 each. 

Bitcoin Minetrix, for example, is offering BTCMTX tokens for just $0.0132 right now. $100 would get you over 7,575 tokens. 

Importantly, considering the potential upside of new cryptocurrencies, you’d only need one of your investments to blow up. Even if the other investments failed to offer any returns, you could still make significant gains.  

No Vesting Periods

Most new cryptocurrencies allow you to invest without any vesting periods. This means your investment tokens won’t be locked for a minimum holding time. 

On the contrary, once the tokens are listed on exchanges, you can sell them when you like. This gives you the option of locking in early gains or holding for the long term. 

That said, just remember that some new cryptocurrencies attract low liquidity levels. If there isn’t enough capital in the market, you might need to sell at an unfavorable price. This is another reason why diversification is so important.  

Earn High Staking APYs

When searching for the best new crypto for 2024 you’ll find that many are built on staking networks. This enables investors to deposit their tokens into a staking pool to earn passive rewards. I found that early-stage investors often get huge APYs when staking.

Not only is this to incentivize investors to buy into the project early, but hold their tokens for extended periods. After all, the more tokens being staked, the fewer circulating tokens that can be sold on exchanges.   

Sponge V2 staking dashboard

For example, those invested in the Sponge V2 presale are currently earning staking APYs of 227%. Crucially, staking rewards are earned in addition to price appreciation. 

Moreover, the staking process is completely passive. You’ll earn extra tokens irrespective of how the new cryptocurrency is performing. Investors should check the minimum staking period before locking their tokens. That said, some projects enable you to stake and unstake at any time.   

Potential Risks & Things to Consider When Investing in a New Crypto Launch

Even the best new cryptocurrencies to buy are inherently risky. This is no different from investing in a startup stock that’s just been listed on exchanges. 

Consider the following risks before adding a new cryptocurrency project to your portfolio. 

  • Early Roadmap Stage: Many new cryptocurrencies are at the very start of their roadmap journey. This means they’re still developing their core product or service. It could take several years before the project is fully developed – if at all. This risk should be reflected in the cryptocurrency’s valuation. 
  • Increased Volatility: As explained in a Journal of Risk and Financial Management study, new cryptocurrencies experience high volatility after listing on exchanges. This is often because of a small market capitalization and weak liquidity levels. Investors should be prepared for sharp pricing movements while the cryptocurrency project is establishing itself.     
  • Rising Scams: Some new cryptocurrencies are built to scam investors. Squid Token is a solid example. In late 2021, Squid Token claimed to be building a play-to-earn game based on the popular Netflix series. Unbeknown to investors, Squid Token holders could not sell their tokens, as per its underlying smart contract. The scammers behind Squid Token eventually went missing, leaving investors with worthless tokens. 
  • Broader Market Conditions: New cryptocurrencies are impacted by broader market conditions. During bearish cycles, investors are less motivated to take on risky assets. This can hinder the new project’s ability to grow.  
  • Competition: There are tens of thousands of cryptocurrencies in the market, all competing for investment capital. This makes it even more challenging for new cryptocurrencies to increase in value. Without new buyers, the value of the tokens will struggle to appreciate. 

These are just some of the risks associated with new cryptocurrencies. Ultimately, investors should never risk more than they can afford to lose. The value of your investment could go to zero. 

How to Find New Cryptocurrency Releases for 2024

There are several effective ways to find new cryptocurrencies to invest in. 

This includes:

  • CoinMarketCap ‘Recently Added’: Visit the CoinMarketCap website and click on the ‘Recently Added’ button. This shows the 30 most recent cryptocurrencies to be added to the CoinMarketCap database. Most cryptocurrencies listed were launched within the prior 24 hours. 
  • DexTools ‘New Live Pairs’: DexTools lists new cryptocurrencies under the ‘New Live Pairs’ section. This shows the latest cryptocurrencies to launch on decentralized exchanges, such as Uniswap and SushiSwap. Use the filters to find suitable cryptocurrencies for your portfolio. 
  • Social Media: Use search terms like ‘New Crypto Coins or ‘New Crypto Presale’ on social media platforms. Twitter is a good option, as this is where many new cryptocurrency projects update their investors. 
  • YouTube Crypto Analysts: Search YouTube for popular crypto analysts, such as the Moon, Jacob Bury, and Ivan on Tech. These analysts often present new cryptocurrency launches to their subscribers. You’ll often get early insights into the best new crypto projects. That said, never invest in a new cryptocurrency solely because an analyst recommends it. 
  • Reddit: Join popular cryptocurrency subreddits like r/CryptocurrencyICO. Not only will you discover new launches but you’ll get feedback from other Reddit users. 
  • Presale Listing Websites: You can also browse through presale listing websites. These list upcoming and active cryptocurrency launches, allowing you to invest before the tokens are launched on exchanges. 
  • Crypto Exchanges: Another method is to browse popular exchanges for new crypto listings. Some exchanges, such as Binance and KuCoin, have their own launchpads for new cryptocurrencies. These projects are often listed on the respective exchange after the fundraising campaign. 

Conclusion

New cryptocurrencies not only allow you to invest in a project from the ground up, but you’ll benefit from a first-mover advantage. While the risks are inherently high, this should be built into the investment price. 

Overall, I like the look of Dogeverse. This new coin capitalizes on the forthcoming Doge Day hype, which has a strong crypto following already. It also has a great staking yield and early-bird investors can get the token at a major discount before it lists on exchanges.  

Visit Dogeverse

FAQs

What are the newest cryptocurrencies?

Some of the newest crypto coins include Dogeverse, Sealana, Sponge V2, Slothana, Jupiter, and LootBot. You can find new cryptocurrencies on CoinMarketCap, DexTools, and presale listing websites. 

How do I find new coins before listing?

Presales are the best way to find new coins before they’re listed on exchanges. Similar to ICOs, presales enable you to invest in a new project before it’s launched to the public. 

What new cryptos should I watch?

In addition to large-caps like Bitcoin and Ethereum, it’s worth watching new cryptocurrencies like Bitcoin Minetrix. This new cryptocurrency is revolutionizing the Bitcoin mining industry. 

What is the next big crypto in 2024?

Dogeverse could be the next meme coin to explode in 2024. It has already raised over $300,000 in a matter of minutes. 

Which new crypto coin is best for investment?

Dogeverse is the best new cryptocurrency for speculative meme coin investors. 

References 

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