Best New Crypto to Invest in 2024 – Newest Crypto Coins in December

Investing in new cryptocurrencies can be challenging, but it can be rewarding. Investing early allows you to purchase into new projects before they gain traction, which means you can get better pricing and a more favorable market capitalization. The most important step is finding out which new crypto coins are popular today.

The challenge is identifying projects with significant return potential. This guide highlights the best new cryptocurrencies for 2024.

  • Hold $WEPE to get access to Wall Street Pepe's exclusive trading insights and signals
  • Become a trading alpha and join the Wepe Army
  • Earn even more by submitting your best trades and staking $WEPE
Project Launched
November 2024
Meta
Meme
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +1 more
  • Stake all the top meme coins on one platform
  • Earn staking APY of over 5,000% for staking $STARS
  • $STARS holders get 3x the rewards
Project Launched
August 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • Enjoy super low transaction fees in the Best Wallet ecosystem by holding $BEST
  • Best Wallet users get early access (and the lowest price point) to the Best Wallet Token presale
  • Have a say in the Best Wallet roadmap by voting on Governance proposals
Project Launched
November 2024
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +1 more
  • Cat themed meme coin here to dethrone the top dogs
  • Stake $SLAP tokens to earn high rewards
  • Fair launch straight to DEX meaning everyone has access
Project Launched
November 2024
Meta
Meme
Purchase Methods
  • USDT
    USDT
  • Debit
    Debit
  • ETH
    ETH
  • Innovative Vote-to-Earn protocol where users can vote on the projects direction and earn $FLOCK
  • Decentralized meme coin puts power back in the hands of the community
  • Earn a huge ROI by staking $FLOCK tokens
Project Launched
September 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • Pepe Unchained - the first meme crypto project running on its own Layer 2 blockchain
  • Viral presale has raised $11 million with staking rewards currently at 175% APY for early investors
  • $PEPU's Layer 2 blockchain means reduced operational costs, faster speeds, and lower fees
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • BNB
    BNB
  • +1 more
  • Hot Meme Coin Project With Play to Earn Utility and Staking
  • Price has Pumped 10x in Last Month, Rumored to be Listing on Binance
  • Over 12k Holders and Growing
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • First decentralized meme coin index with community governance
  • Invest in four different meme coin baskets depending on your risk tolerance
  • Meme coin with serious staking rewards and yield farming options
Project Launched
December 2024
Meta
Meme
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • Debit
    Debit
  • USDT
    USDT
  • +1 more
  • Collect POKE characters in this Pokemon-style game
  • Tap-2-Earn mechanics let you play and earn $POKE
  • Integrated with Telegram for easy access
Project Launched
November 2024
Purchase Methods
  • USDT
    USDT
  • TON
    TON
  • Layer-2 Solution for Dogecoin blockchain with huge staking rewards
  • Bridge instantly from Ethereum to Dogecoin with cheap transaction fees
  • Meme coin bringing DeFi to the Dogecoin universe
Project Launched
November 2024
Meta
Meme
Purchase Methods
  • ETH
    ETH
  • Tether
    Tether
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • Invest in luxury rental cars from prestigious brands like Lamborghini, Ferrari, and Mercedes-Benz
  • Earn monthly rental income in USDT, paid on the first of every month
  • Dreamcars is the first Web3 platform where you can buy, sell, and trade shares in supercars starting at just $10
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • World's first crypto payment protocol that integrates efficiently with card machines, making crypto payments widely accessible.
  • Through a user-friendly payment APK, SpacePay lets customers buy with crypto while allowing merchants to receive funds in their local fiat.
  • SpacePay's native governance token, SPY, gives holders access to airdrops, exclusive features, as well as voting rights and quarterly connect webinars.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • AVAX
    AVAX
  • BASE
    BASE
  • BNB
    BNB
  • Debit
    Debit
  • USDC
    USDC
  • Matic
    Matic
  • +5 more
  • State-of-the-art crypto project allowing users to predict F1 racing outcomes to earn rewards.
  • Early presale investors can stake-to-earn tokens with dynamic rewards currently over 6,800% p/a.
  • 40% of total supply (2.5Bn) is allocated to the presale, with over $140k raised already.
Project Launched
June 2024
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +1 more
  • Stake $LHUNT and earn a portion of every LuckHunter casino transaction from the Co-Owner Pool
  • Enjoy reduced fees on transactions, withdrawals, and in-game purchases on the LuckHunter Casino
  • Holders can get early access to new games, exclusive features, and premium events
Project Launched
September 2024
Meta
Gambling
Purchase Methods
  • ETH
    ETH
  • Tether
    Tether
  • BNB
    BNB
  • Matic
    Matic
  • Debit
    Debit
  • +2 more

The Top New Cryptocurrency Projects to Invest in [cur-year]

To help investors identify opportunities in the crypto market, we’ll highlight new cryptocurrencies to invest in today.

  1. Wall Street Pepe – Best new meme coin provides trading signals and strategies.
  2. Crypto All-Stars– Up and coming crypto project with ‘MemeVault’ for staking meme coins in one hub.
  3. Best Wallet Token – Multi-chain crypto wallet token with high staking rewards.
  4. Catslap – Trending new cat-themed meme coin that launched with a $1M valuation.
  5. Flockerz – New vote-to-earn meme coin offers staking yields and governance utility.
  6. Pepe Unchained – New cryptocurrency with its own Layer 2 blockchain and staking rewards.
  7. Sponge V2 – Among the best new cryptos, an upgraded version of the original Sponge token
  8. SpacePay – A new crypto project and payment protocol seamlessly integrated with card machines.
  9. Race to a Billion – Stake-to-earn crypto project allowing users to predict F1 racing outcomes to earn rewards.

Reviewing the Best New Crypto Coins to Buy

Having covered some key considerations, read on to discover the best new cryptocurrency to invest in now.

1. Wall Street Pepe – Best New Meme Coin Competing with the Wall Street Degens

  • Total supply: 200 billion
  • Network: Ethereum
  • Ticker: $WEPE

Wall Street Pepe logo

Wall Street Pepe ($WEPE) is a meme coin blending humor with practical utility. This project offers token holders access to premium trading signals, strategies, and alpha calls, enabling them to potentially maximize profits in the competitive world of meme coins.

Beyond trading insights, $WEPE introduces a staking mechanism for passive income. Investors can stake their tokens to earn an impressive annual yield of 445%. Out of the total supply of 200 billion tokens, 24 billion are allocated specifically for staking rewards. This dual approach—utility through trading tools and staking rewards—makes $WEPE stand out among meme coin projects.

Currently, in its presale phase, $WEPE is priced at $0.000203 per token. The presale has already attracted significant attention, with over $1.2 million raised in just a few days. The presale offers an opportunity for early adopters to enter at a low price before the coin hits broader markets.

Why is Wall Street Pepe the Best New Cryptocurrency

  • Provides trading signals and alpha calls to token holders
  • Investors can earn an annual yield as high as 445%
  • The presale has raised over $1.2 million

2. Crypto All-Stars – Up and Coming Crypto Project With ‘Memevault’ for Staking Meme Coins

  • Total supply: 42,069,696,969
  • Network: Ethereum
  • Ticker: $STARS

crypto all-stars - new cryptocurrency

 

Crypto All-Stars ($STARS) is a fast-growing crypto project that has recently entered the meme token landscape. Powering the project is the revolutionary MemeVault, a staking protocol that supports the top meme coins. When the MemeVault launches, Pepe, Doge, Shiba, Floki, and other meme coins will be supported. 

Investors who stake or ‘vault’ their meme coin holdings on MemeVault are rewarded with $STARS, the project’s native token. MemeVault is among the new cryptos to watch, having quickly surpassed the $1.2 million milestone within days of its launch.

Interested holders can purchase $STARS tokens, currently priced at $0.001639.

Moreover, staking $STARS offers users a 3x bonus APY in staking rewards, currently at 311%. Early participants can claim their rewards after the MemeVault launches.

Why is Crypto All-Stars the Best New Cryptocurrency

  • Single platform for staking the best meme coins
  • 3x APY boost when staking $STARS tokens
  • Brings together the meme coin community in one ecosystem

3. Best Wallet Token – Multi-chain Crypto Wallet Token with High Staking Rewards

  • Total supply: 10 billion
  • Blockchain: Ethereum
  • Ticker: $BEST

Best Wallet

The Best Wallet Token is at the heart of the Best Wallet ecosystem, making it one of the hottest new cryptos on the market.

$BEST isn’t just for staking and community rewards. It helps users save on transaction fees within the Best Wallet ecosystem, making it quite an economical choice for frequent traders. Plus, $BEST holders get early access to new projects at Stage 0, which lets them participate in presales before the mass at the best prices.

Through the Best Wallet staking aggregator, there are also staking opportunities with higher interest rates—rewarding those who hold onto their tokens for the long term. Additionally, $BEST holders can participate in governance and have a say in the ecosystem’s future.

The $BEST Token Presale is available only through the Best Wallet app, allowing users to buy at the lowest prices before it opens to the public. You can grab $BEST for just $0.022825 at press time. However, this price will increase in the ucpoming presale phases and offer a huge upside for early buyers. To learn more about this project, check out our guide on how to buy Best Wallet token, as well as our Best Wallet price prediction

Why is Best Wallet Token the Best New Cryptocurrency

  • First wallet to use Fireblocks MPC-CMP technology
  • Multi-chain support for over 50 networks
  • Proven track record

4. Catslap – Trending New Cat-Themed Meme Token That Launched with $1M Valuation

  • Token supply: 9,000,000,000
  • Blockchain: Ethereum
  • Ticker: $SLAP

Catslap is another new meme coin to invest in. Its aggressive feline figure aims to attack and dethrone even the largest meme tokens and dog coins. $SLAP, the native cryptocurrency, had a fair launch, being directly listed on a decentralized exchange (DEX).

Moreover, the Catslap token launched with a $1 million market cap and aspires to surpass the performance of other cat-themed meme tokens like $MOG, $POPCAT, and $MEW. Its successful release could spell more listings in the future, including a strong potential to be featured on centralized exchanges like Binance and Kraken.

$SLAP holders can also stake their tokens and earn up to 40% annual rewards. Currently, over 279 million $SLAP tokens have been staked and the meme coin project allocated 20% of its total token supply for staking rewards.

Interested investors can buy $SLAP through its trusted affiliation with the Best Wallet app. At press time, the Catslap token is priced at $0.00242192 and can be purchased with ETH, USDT, or a credit card.

Why is Catslap the Best New Cryptocurrency

  • Launched with a market cap of $1 milllion
  • Straight-to-dex launch, with potential centralized exchange listings in the future
  • Has a lot of virality potential as a cat-themed meme token

5. Flockerz  – New Vote-to-Earn Crypto Offers Token Governance and Staking Rewards

  • Total supply: 12 billion
  • Blockchain: Ethereum
  • Ticker: $FLOCK

Flockerz ($FLOCK) is an up and coming meme coin project that aims to empower community members through its vote-to-earn mechanism. Built on the Ethereum network, $FLOCK is the native token of the Flockerz ecosystem and FlockTopia decentralized autonomous organization (DAO).

Based on the project’s whitepaper, the FlockTopia DAO will be introduced following the official token launch of $FLOCK. The DAO platform enables all $FLOCK holders to vote on the meme coin’s future, and those participating in token governance will be rewarded with $FLOCK. 25% of the total $FLOCK supply is allocated for the vote-to-earn mechanism.

So far, Flockerz has raised almost $3.6 million in presale over just a few weeks. Presale buyers can already start earning passively through staking rewards. The current rate for staking $FLOCK is 642% APY, which will decrease as more investors stake the crypto. 280 million $FLOCK have already been staked on the platform.

Those interested in buying $FLOCK can now purchase this promising new crypto with ETH, USDT, BNB, or a credit card. The token is currently priced at $0.0061015, and 2.4 billion $FLOCK is allocated for the presale.

Why is Flockerz the Best New Cryptocurrency

  • Unique vote-to-earn mechanism for decentralized token governance
  • High staking APY of over 642% dynamic
  • Almost $3.6 million raised in the presale

6. Pepe Unchained – New Cryptocurrency With Its Own Layer 2 Blockchain and Staking Rewards

  • Total supply: 8 billion
  • Network: Ethereum L2
  • Ticker: $PEPU

Pepe-Unchained -new cryptocurrency

Pepe Unchained is a new crypto launch worth investing in. Aside from its meme potential as a new Pepe token, Pepe Unchained brings massive utility to the table. Where Ethereum struggles with 15 transactions per second for an average transaction cost of $1 at low congestion, Pepe Unchained solves this by building its own Layer 2 blockchain.

It offers improved security, scalability, and speed. The Pepe Chain is designed to be 100x faster than Ethereum for a fraction of its costs. Thanks to instant bridging, users can move their assets between the Pepe Chain and Ethereum instantly at low fees.

Because it uses its own blockchain, Pepe Unchained can offer generous staking rewards to its token holders.

Its total token supply is 8 billion, with 20% reserved for the ongoing presale at a discounted price of $0.01295. With over $55 million raised so far, investors are backing this new token launch and placing it among the best crypto presales for 2024.

Why is Pepe Unchained the Best New Cryptocurrency

  • Strong community support drives its growth and adoption
  • Capitalizes on the popularity of Pepe memes
  • Lower gas fees and faster transactions

7. Sponge V2 – Among the Best New Cryptos, an Upgraded Version of the Original Sponge Token

  • Total supply: 150 billion
  • Blockchain: Polygon
  • Ticker: $SPONGEV2

new crypto coin sponge v2

$SPONGEV2 is a new version of the popular $SPONGE meme coin. Following the 100x growth of its predecessor, Sponge V2 aims to be more than just a meme coin, with a focus on utility and increased rewards for users.

Today, $SPONGE has more than 11,650 token holders and is listed on several big exchanges, such as MEXC, Bitget, Poloniex, and Gate.io.

Now, the team behind $SPONGE has set its sights even higher with the V2 token, aiming to list on major exchanges, including Binance and OKX. The platform features a unique Stake-to-Bridge model — allowing a smooth transition from Sponge V1 to V2, where staking V1 tokens results in receiving an equivalent amount of V2 tokens.

Moreover, the $SPONGE team is hard at work on a new P2E crypto game that’s expected to launch in 2024. The new game will let players race as Spongebob Squarepants and earn $SPONGE tokens.

Anyone who buys $SPONGE right now and stakes their tokens will get an added bonus: a 100% purchase bonus in newly minted V2 tokens. So, investors don’t even need to wait for staking rewards to begin to get their hands on $SPONGEV2.

Why is Sponge V2 the Best New Cryptocurrency

  • Improved features and mechanics over its predecessor
  • Innovative stake-to-bridge mechanism
  • Upcoming play-to-earn racing game

8. SpacePay – A New Crypto Project and Payment Protocol Seamlessly Integrated With Card Machines

  • Total supply: 34 billion
  • Network: Ethereum  
  • Ticker: $SPY

spacepay - new cryptocurrency

SpacePay is a payment solution that aims to revolutionize the way people conduct transactions. Its goal is to provide cost-effective payment solutions for both individuals and merchants. To accomplish that, its developers will use software that will be integrated with card machines. This means that its users will be able to use 325+ crypto wallets to conduct day-to-day trades, while merchants will receive payouts in fiat. Its developers also plan to integrate their software into 4.5 million devices.

SpacePay has already secured $750,000 from private investors, and it won the ‘New Payment Platform of the Year’ award. SpacePay’s native token, $SPY, will power its ecosystem. Its holders will be able to get early access to new features and loyalty airdrops and vote on changes, making it one of the best new cryptocurrencies.

This ERC-20 token has a maximum supply of 34 billion, of which 20% will go towards the presale. The $SPY token currently trades at $0.00191.

Why is SpacePay the Best New Cryptocurrency

  • The software will be integrated into 4.5 million devices
  • Generated $750,000 from private investors
  • $SPY holders will get early access to new features and loyalty airdrops

9. Race to a Billion – A New Crypto Project That Combines Blockchain Technology With Gamification

  • Total supply: 2.5 billion
  • Network: Ethereum  
  • Ticker: $BDJ

race to a billion - new cryptocurrency

Race to a Billion is a decentralized platform that blends two niches – blockchain technology and Formula 1. This platform uses the concept of gamification to enable its members to earn rewards by predicting the outcomes of F1 races. Its native token, $BDJ, is the main currency to submit race predictions. This token can also be staked for an APY currently at 3720%. 

According to its roadmap, once its presale ends, this token will be listed on CEX, increasing its presence in the market. Its developers also plan to host jackpot events to reward their most active members.

The $BDJ token has a maximum supply of 2.5 billion, of which 1 billion will be allocated towards the presale. 20% will go towards staking rewards, while 10% will go towards development, liquidity, marketing, and its ecosystem. 

Why is Race to a Billion the Best New Cryptocurrency

  • Formula 1 prediction algorithm
  • Staking rewards come with an APY of 3720%
  • Jackpot events

How We Analyze and Review Best New Crypto Launches

When selecting the best new cryptos to buy, we considered key factors for boosting adoption and price, including original value propositions, online visibility, community engagement, clear growth strategies, and potential for price gains.

We gathered information from the coins’ websites, social media channels, and third-party sources like CoinMarketCap, DEXTools, and PooCoin. We also consulted crypto analysts and investors and scanned social media to gauge popularity.

Token Utility and Innovation

In crypto, original ideas with genuine value have the highest potential for success. Anyone can mint a new token, but real traction requires offering something unique. Some projects aim for world-changing impacts, while others focus on smaller improvements.

Many new projects and dApps are built on Ethereum, a popular, fast, and efficient layer-1 blockchain, valued at nearly $23 billion (TVL) according to DeFiLlama.

Originality

Originality in new cryptocurrencies can stem from technical innovation or imaginative novelty. Our list includes coins from both categories.

Best meme coins like Dogecoin, Shiba Inu, and $PEPE have yielded significant returns without new technology or use cases. They attract investors through well-designed websites, unique marketing strategies, and strong community support.

Crypto Whitepaper and Roadmap

When evaluating new crypto projects, it’s crucial to review their website, whitepaper, and roadmap.

A whitepaper details the project’s purpose, tokenomics, and unique value. It should clarify the project’s goals and how it stands out from others. Additionally, whitepapers can reveal red flags if the project lacks thorough planning.

The roadmap, included in the whitepaper, outlines the development timeline, including presale launches, upcoming ICOs, and major events like token burns. Any contender for the best crypto to buy should clearly articulate the project’s vision and tokenomics.

Community Activity

Community engagement is crucial for the success of any new crypto, as cryptocurrencies need active supporters to generate social media buzz and attract investors.

The meme coins on our list benefit from large, pre-existing communities. We considered the size of each project’s social media following and their track record for communication.

However, since followers can be bought, high engagement combined with a large following is a better indicator of genuine community interest.

Marketing and Social Engagement

A solid marketing strategy is essential for any new cryptocurrency’s success. When researching the best new cryptocurrency to buy, we considered factors like marketing spend and social engagement.

Social engagement metrics, such as likes and tweets, often correlate with crypto prices. For instance, the $PEPE token’s 250% surge in 24 hours was accompanied by a spike in tweets. Similarly, Elon Musk’s tweets and public appearances helped DOGE reach all-time highs in 2021 and again in late 2022.

Musk’s influence on DOGE’s price has led to a class-action lawsuit accusing him of price manipulation.

Price Performance and Potential Returns

Lastly, assessing potential returns is crucial for identifying the best new cryptocurrency to buy. Some projects include price targets in their roadmaps. While developers often make bold predictions, an ambitious roadmap with target prices is a good start.

Many coins on this list are in the presale phase or newly launched, lacking historical price data for statistical analysis. Where sufficient data exists, we incorporated technical analyses into our evaluations.

How to Find New Cryptocurrency Releases?

It can be difficult to keep on top of the near-constant pipeline of new crypto listings. However, there are some ways to help you find new cryptos to invest in.

Check Automatic Scanners

Automatic scanners like Dextools constantly monitor crypto exchanges to identify new trading pairs. These platforms are valuable for ICO investors, providing data on coins not yet listed on sites like CoinMarketCap or CoinGecko.

Dextools offers price charts, transaction data, and trading volume information. They also highlight ‘trending’ and ‘hot’ coins, showcasing tokens with high trading volume and interest in the past 24 hours.

Check Dedicated Databases (CoinCodex, CoinMarketCap, CoinGecko)

Databases of ongoing or upcoming presales and ICOs, like those on CoinCodex, CoinMarketCap, and CoinGecko, are useful for tracking new crypto opportunities. Some use AI to grade projects based on factors like tokenomics and utility. However, these should be a starting point, not the sole basis for investment decisions. Remember to conduct thorough research and due diligence before investing in any token.

Regularly Check Crypto Exchanges

Following the various crypto exchanges can also be worthwhile. Most major exchanges have their own launchpad schemes that help support new crypto startups and projects. You can track newest coin listings on Binance and make sure you check their launchpad page.

There’s no guarantee that launchpad cryptos will perform well, but these projects at least have major support from reputable exchanges that can help them get off the ground.

Join Social Media Communities

Social media is a good source of information on new cryptos. X (formerly Twitter) and Reddit feature insights from experienced crypto investors. Telegram channels like ICO Analytics and DeFi Million allow members to discuss potential investments.

For in-depth research, crypto-focused YouTube channels, such as Jacob Bury’s, discuss new coins and their potential.

One of the best ways to discover new cryptocurrencies is through Reddit, which has large crypto-focused communities like r/cryptocurrency, with over 6.5 million followers.

How to Buy New Crypto Before Listing

  1. Invest in Crypto Presales

    Investing in crypto presales offers the opportunity to purchase new cryptocurrencies at a discounted and guaranteed price before they launch. By buying presale tokens, investors can join the community, which comes with benefits like bonuses, airdrops, and governing rights. Investors are protected from slippage and significant price impact when buying, making investing much easier than a new coin launched on a DEX.
  2. Hunt for Crypto Airdrops

    Another way to find the newest cryptocurrency before it becomes listed on exchanges is to participate in airdrops. An airdrop is when a cryptocurrency project distributes tokens for free, usually for promotional purposes or to ensure a fair token distribution. To find upcoming crypto airdrops, you can use crypto airdrop listing sites.
  3. Participate in ICOs

    Discovering new cryptocurrencies to invest in can be made easier by using upcoming ICO calendars, which provide the opportunity to purchase at the lowest possible price. Depending on the cryptocurrency, investors may also have the chance to take advantage of early-bird benefits.

Why Invest in New and Upcoming Crypto Launches

Investing in new and upcoming crypto launches offers several potential advantages:

Lower Entry Costs for Early Birds
Newly launched tokens usually have lower prices, allowing investors to buy larger quantities with a smaller investment.
High Growth Potential after Listing
Early investments in new cryptocurrencies can yield significant returns if the projects succeed and gain widespread adoption. New cryptos are usually sold at significantly lower prices than their later value. In most cases, investors can make a profit as soon as the token is listed on exchanges.
Exposure to Various Projects
Investing in new cryptos provides exposure to diverse opportunities, from decentralized finance (DeFi) to non-fungible tokens (NFTs) and more.
High Staking APY
Most of the top new cryptocurrencies to buy in [cur-year] offer staking rewards. This allows early-stage investors to deposit tokens on top crypto-staking platforms for passive rewards, in tokens, and earn significant annual percentage yields.

Potential Risks When Investing in New Crypto Launches

When investing in the newest cryptocurrencies, there are several things to consider before parting with any money. The following sections will consider the specific liquidity concerns of new crypto coins, the volatile nature of crypto prices, the risk of scams, and the unique regulatory and legal considerations of crypto investing.

Liquidity Issues

To determine if a crypto has liquidity, check its trading volume on different exchanges. Higher volume usually means higher liquidity. Low market cap cryptos often have low liquidity, especially if not widely available on major exchanges. During market downturns, investors typically move to safer assets like Bitcoin, Ether, or stablecoins, causing demand and prices for lesser-known altcoins to drop. To address this, many projects allocate a portion of their tokens for exchange listings to improve liquidity.

Transaction Visibility on Public Ledgers
When investing in new cryptocurrencies, remember that transaction information is visible on public ledgers. A public blockchain is a secure, transparent, and decentralized way of recording transactions on a digital ledger. Bitcoin and Ethereum, as public ledgers, require transactions to be visible by default.
High Volatility
Investors should be aware that crypto is a risky investment, especially for the risk-averse. New, low market cap cryptos are highly volatile and not safe investments, with the potential for value collapse. While returns can be higher than more established assets, the associated risk is also greater. Caution is advised to avoid over-exposing portfolios to such risky assets.
Rug Pulls, Scam Tokens and Pump and Dump Schemes
In crypto investing, rug pulls and scams are constant threats. A rug pull occurs when developers abandon a project and take investors’ money. Some red flags include developers reserving the right to adjust token supply or make major changes without warning.

The pump and dump scheme involves a group inflating a cryptocurrency’s price and then selling it off, leaving other investors with losses. Be cautious of any cryptocurrency heavily promoted, especially on social media.

Regulatory and Legal Concerns
Crypto investors have limited legal protections and should be aware of the associated risks. Additionally, tax reporting requirements vary by location.

In the US, regulatory uncertainty exists around whether cryptocurrencies are unregistered securities. While Ripple recently won a lawsuit against the SEC, the decision is being appealed. Investors should assume any crypto project could face legal action by the SEC.

Conclusion

Having walked through the best new cryptocurrency launches for 2024, investors should now be in a better position to identify the best new crypto to buy – based on our analysis, we believe Wall Street Pepe is the best new crypto to invest in today.

It stands out with its high staking yield of 445% and has raised an impressive $1.2 million so far.

FAQs

What are the newest cryptocurrencies?

How do I find new coins before listing?

What new cryptos should I watch?

What is the newest cryptocurrency?

How often are new cryptocurrencies launched?

What is the best up and coming crypto?

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Alan Draper
Tech & Crypto Editor

Alan is the Chief Cryptocurrency & Blockchain Editor for ReadWrite. He has worked in the industry for many years and has been featured on a wide range of publications, including sites like Techopedia and FXStreet.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.