9 High-Risk High-Reward Cryptos for 2024

Some crypto investors have an ultra-high tolerance for risk. This means buying high-risk high-reward crypto with a huge upside potential but an equally high chance of losing money.

If you’re looking for the next 100x investment opportunity, read on. This guide reveals the best high-risk high-reward crypto coins in the market today. Discover low-cap gems that have the potential to blow up.

Reviewing the Top High-Risk High-Reward Crypto Coins

Learn more about the high-risk high-reward coins listed above. Read on to assess which coins are right for your investment portfolio. 

1. Pepe Unchained ($PEPU) – Meme Coin Built on the Efficient L2 Ethereum Network

We have picked Pepe Unchained ($PEPU) as the best high-risk high reward crypto token to watch in 2024. This project stands out as it is built on the efficient and sustainable layer-two (L2) Ethereum blockchain.

It offloads transactions from the main chain – which reduces operational costs and increases transaction speeds. Moreover, $PEPU token holders are offered huge staking APY (Annual percentage yield). At the time of writing, $PEPU can be staked to earn an APY of over 121%. From a total supply of 8 billion, over 1.3 billion tokens are staked on Pepe Unchained.

Another 30% of the token supply is being distributed through the ongoing presale – which has raised over $18 million in a couple of months. At press time, $PEPU is priced at only $0.00994 per token. The high staking rewards, fast transaction speeds, and huge staking benefits can make Pepe Unchained one of the most rewarding cryptos in the long term.

Stay tuned for more project updates by going through the Pepe Unchained whitepaper and joining the Telegram channel. 

2. Crypto All-Stars ($STARS) – Single Platform for Staking Your Favorite Meme Coins

Crypto All-Stars ($STARS) is conducting the ‘meme coin event of the century’ – through its unique staking mechanism called the ‘MemeVault.’ On the MemeVault, meme coin lovers can stake their favorite assets – such as Dogecoin, Pepe, Shiba Inu, Floki Inu, and many others.

Crypto All-Stars will regularly reward token stakers with passive income for staking their holdings. Therefore, this platform aims to attract the world’s biggest meme coin token holders. To incentivize the adoption of the $STARS token, Crypto All-Stars will reward existing token holders with up to a 3x APY on their MemeVault earnings.

Furthermore, $STARS can directly be staked on smart contacts to earn an annual yield of more than 700%. From a 42.069 billion token supply, 50% of the supply will be distributed equally through staking returns and MemeVault rewards. The ongoing presale is allocating another 20% of the token supply.

The Crypto All-Stars presale has raised more than $2 million in a few months. To learn more about the project, read the Crypto All-Stars whitepaper and join the Telegram channel. 

3. Flockerz ($FLOCK) – Revolutionary Vote-to-Earn Meme Coin

The next token with high reward potential is Flockerz ($FLOCK). Currently, $FLOCK, the native token, is priced at $0.005724 on presale. In just over a month, the presale has raised over $515K. 

This token boasts huge growth potential due to its unique vote-to-earn mechanism – which promotes active user engagement in exchange for regular rewards. On ‘Flocktopia’ – the platform DAO, all $FLOCK token holders can access voting rights. The more one votes, the more $FLOCK tokens they earn as rewards.

In fact, a quarter of the total token supply will be distributed as rewards through the vote-to-earn mechanism. Another long-term benefit is the staking mechanism, which currently offers a staggering annual yield of over 3,500%. So far, over 50 million tokens are staked on Flockerz.

As $FLOCK continues to sell out on presale and offer huge long-term benefits, it can offer huge growth potential in the coming years. Read the Flockerz whitepaper and join the Telegram channel to learn more about the project.

4. Memebet Token ($MEMEBET) – Get P2E Airdrops Through this Telegram Casino

Memebet Token ($MEMEBET) is the native token of an upcoming Telegram Casino and Sportsbook. Notably, Memebet is the first Telegram Casino where players can wager multiple meme coins on the available games.

Along with popular meme tokens such as $PLAY and $DOGE, players can wager $MEMEBET on the Casino. By wagering $MEMEBET, players will also start earning regular play-to-earn airdrops. Therefore, the more one wagers, the higher the rewards. 20% of the entire 2 billion token supply will be offered as Casino rewards and airdrops.

On the platform, the biggest $MEMEBET holders also get access to a VIP High Rollers Club and can win exclusive cash prizes and NFTs. 70% of the token supply is being allocated through the ongoing presale – which has raised more than $386K. At press time, $MEMEBET is priced at $0.0257 per token.

The multiple in-game benefits can make Memebet Token a high-risk yet highly rewarding investment opportunity. Memebet Token has also released a ‘Pay with meme coins’ feature, allowing investors to purchase $MEMEBET tokens with tokens such as $FLOKI, $SHIB, and $PEPE on the Ethereum blockchain.

Stay tuned for more updates by reading the Memebet Token whitepaper and joining the Telegram channel. 

5. ShibaShootout ($SHIBASHOOT) – Shiba-Themed Multi-Utility Meme Coin

The next token on our list is ShibaShootout ($SHIBASHOOT), a meme coin based on the digital frontier of the Wild West. A multi-utility token, ShibaShootout offers staking benefits, entry into lotteries, voting rights, and storytelling rewards.

One of the unique features of ShibaShootout is its ‘Campfire Stories’ mode – where players can share their meme coin experiences in a storytelling format. The most engaging storytellers are rewarded with $SHIBASHOOT. With your tokens, you can buy tickets for lottery competitions or stake your holdings on the staking mechanism.

At the time of writing, $SHIBASHOOT can be staked to earn an APY of 792%. From a 2.2 billion token supply, 770 million tokens are being distributed through the presale – which has raised over $1.1 million. Currently, $SHIBASHOOT is priced at $0.0206 per token.

To learn more about this meme coin, read the ShibaShootout whitepaper and join the Telegram channel.

6. Hivemapper ($HONEY) – Decentralized Global Mapping Network via 4k Dashcam Footage

Hivemapper ($HONEY) should also be considered when choosing cryptocurrencies with the highest upside. This is one of the best DePIN (Decentralized Physical Infrastructure Networks) projects in the market. The project aims to build a global mapping network to rival Google Maps.

It’s fully decentralized, and contributors are rewarded with $HONEY tokens. So, contributors first need a Hivemapper device, which consists of a 4k dashcam and a mining tracker. Contributors drive around as normal while the dashcam records street-level footage. This triggers the mining device, which distributes $HONEY as more footage is recorded.

Hivemapper has a growing presence, with over 242 million kilometers recorded so far. While the majority of footage comes from the US and Europe, activity in other regions is on the rise. $HONEY tokens are also performing well, with 12-month gains of 365%. A market capitalization of just $114 million means the upside potential could be significant.

7. TokenFi ($TOKEN) – Undervalued RWA Project That Simplifies Asset Tokenization for Consumers

TokenFi ($TOKEN) is a great option for gaining exposure to the RWA (Real-World Asset) narrative. In simple terms, TokenFi enables consumers to tokenize their assets at the click of a button. No knowledge of coding is needed – let alone securities laws or smart contract technology. This could be a huge market, as RWA tokenization will play a major role in Web 3.0.

For example, let’s say you own a rare bottle of whiskey. You could tokenize that bottle as a unique NFT on the TokenFi platform. This secures ownership on the blockchain. It also makes it seamless to list the whiskey bottle on NFT marketplaces. TokenFi has also created other use cases.

This includes a smart contract auditor and an AI image generator. TokenFi also enables beginners to launch their own crypto tokens with buyback liquidity, reflections, and burn fees. TokenFi currently has a market capitalization of just under $80 million. Current prices are 67% below all-time highs, which were achieved in March 2024.

8. Jupiter ($JUP) – Decentralized Exchange for Solana Tokens Trading 61% Below All-Time Highs

Next on this list is Jupiter ($JUP) – the second-largest decentralized exchange for Solana tokens. It offers a private and hassle-free trading experience. Users connect a Solana-compatible wallet and choose which tokens to buy. Most tokens can be purchased with SOL or USDC, and swaps take seconds to execute.

Jupiter never touches client funds, nor can it access the connected wallet. Instead, smart contracts exchange the respective tokens once the user provides approval. Jupiter also offers additional features that are worth mentioning, including limit orders, dollar-cost averaging, and support for perpetual futures.

The latter enables users to trade high-risk high-reward crypto tokens with leverage. In terms of volumes, over $560 million has been traded on Jupiter in the past 24 hours. This often exceeds $1 billion during bullish periods. $JUP tokens currently trade 61% below all-time highs, so now could be a good time to enter the market.

9. Rocket Pool ($RPL) – Liquid Staking Ecosystem for Ethereum 2.0 With 7-Day Gains of 55%

The final high-risk high-reward crypto project to explore is Rocket Pool ($RPL). Launched in 2018, this is an established project that supports liquid staking for Ethereum 2.0. This means users can earn passive staking rewards on their ETH holdings without becoming a validator.

What’s more, Rocket Pool is an inclusive platform – its minimum staking requirement is just 0.01 ETH. That’s about $35 based on current ETH/USD prices. Another benefit of Rocket Pool is that staking agreements are flexible. Simply unstake the ETH at any time to make a withdrawal.

Although most crypto coins have seen declines in recent days, Rocket Pool continues to outperform the wider markets. $RPL tokens are up 52% in the past 7 days. In contrast, Ethereum is down almost 3%. Nonetheless, $RPL trades at a huge all-time high discount of 80%. Its market cap is just under $580 million.

The Risk vs Reward Spectrum in Crypto: What to Know

Like any investment market, crypto investors should understand the correlation between risk and reward. In simple terms, investors should expect a higher rate of return when investing in riskier coins. And conversely, less risk should be taken when investing in coins that offer lower upside potential. This is the risk-reward dynamic in a nutshell. 

For instance, while all cryptocurrencies are risky, Bitcoin is considered the ‘safest’ option. Not only is Bitcoin the original crypto asset but it has millions of holders worldwide. Bitcoin also has a mega-cap valuation, not to mention regulated ETFs and futures markets on Wall Street.

So, while Bitcoin presents less risk than other coins, it potentially offers the lowest returns. Especially during altcoin season – where a majority of crypto assets outperform Bitcoin’s price. In contrast, the risk-reward spectrum increases when investing in new cryptocurrencies or those with a small market capitalization. Meme coins are also classified as a high risk crypto.

All that said, creating a balanced approach to crypto investing is crucial. Investing solely in high-risk tokens is a recipe for disaster. A smart approach is to diversify the portfolio with more established projects with a proven track record. This will reduce the portfolio’s risk while still allowing you to target above-average returns.

Building a Portfolio of High-Risk-High Reward Coins

There’s a strong likelihood you’ll lose money when investing in high-risk high-return coins. Finding the next high rewards or 100x coin is no easy feat,  so research and risk management are crucial when making such investments. 

We’ll now discuss some best practices when choosing high-risk cryptocurrencies for your portfolio.

Research Promising Presales

Presales are one of the best ways to find the next 100x project. Also known as ICOs (Initial Coin Offerings), presales are new token launches that offer early access. You’ll be investing before the tokens are listed on public exchanges, which often means the lowest price possible. The same concept applies to stock IPOs (Initial Public Offerings).

However, investing in pre-listing projects means there’s no track record. Not just for development and community building but also for price performance. These increased risks are built into the upside potential; most presale tokens have micro or nano-cap valuations.

Invest in Quality Projects During Bearish Trends

All investment markets go through bearish trends. Crypto assets are no different. These are temporary periods where most coins lose value due to market sentiment, among other factors. Depending on the market capitalization, coins can decline by over 50% in weeks – sometimes days. This presents an excellent opportunity to enter the market.

Sure, there’s no guarantee the price will recover. But if you believe in the project’s concept, it’s best to invest when prices retreat. For example, Jupiter – a popular decentralized exchange for Solana tokens – trades 61% below all-time highs. Jupiter often handles over $1 billion in daily trading volumes. So, at current prices, it could be a great long-term play.

Similarly, while Hivemapper is up over 365% in the past year, it trades 85% below all-time highs. Hivemapper is building a decentralized global mapping network with over 242 kilometers of street-level imagery recorded. Rocket Pool – the liquid staking platform for Ethereum 2.0 – is another option. It currently trades 80% below peak pricing levels.

Diversify Across Multiple Niches

Diversification is the most effective strategy when buying high-risk high-reward coins. Holding 10-20 different coins from multiple industries can be a solid option. Only one project needs to blow up during the next bull market to realize substantial returns.

For example, meme coins are a hot narrative in 2024, so you might consider new projects like Pepe Unchained and Crypto All-Stars.

Conclusion

It’s important to set realistic goals and assess your risk tolerance when investing in high-risk crypto coins. The significant upside potential can be life-changing. But equally, the value of your investment could also go to zero. The crypto market is inherently volatile, and a high-risk high-reward crypto is one of the most volatile. Think about the future crypto market developments when assessing your investments.

Diversification is a must, so ensure your portfolio is well-balanced across multiple crypto narratives. Most importantly, never invest more than you can afford to lose.  

FAQs