Best New Crypto to Invest in 2024 – Newest Crypto Launches in July

The Top New Cryptocurrencies to Invest in Today

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

1. Pepe Unchained – Best new cryptocurrency with its own Layer 2 blockchain and staking rewards.
2. The Meme Games – Gamified presale with Olympic-themed races and high staking APY.
3. WienerAI – New AI-powered meme ICO offering high staking rewards, raised $7M+
4. PlayDoge – Best new crypto launch to invest in this year. Has raised over $5.5M in presale.
5. Shiba Shootout – Trending new meme token with generous rewards for community members.
6. Base Dawgz – Multi chain meme coin with impressive staking rewards, raised over $2.2M.
7. Mega Dice Token – New CasinoFi token offers staking yields and daily bonuses.
8. 99Bitcoins Token – Learn-to-earn crypto project launches a token with over 700% APY.
9. Sponge V2 – Explosive 100x meme coin with newly launched V2 token. Get 202% staking APYs.
10. Doge2014 – Celebrates 10 years of DOGE with rewarding system.
11. SpacePay – Crypto payment protocol that integrates efficiently with card machines.
12. DTX Exchange – New crypto exchange with up to 1000x leverage.
13. Race to a Billion – Stake-to-earn crypto project allowing users to predict F1 racing outcomes to earn rewards.

Key Takeaways: 

• Improved features and mechanics over its predecessor
• Possibility of yielding up to 258% annually
• Upcoming play-to-earn racing game

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 success potential. 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.

However, not all coins need real-world utility to generate returns. Meme coins, like $PEPE, can see significant gains purely from hype, as evidenced by $PEPE’s 10,000% jump earlier this summer.

• 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.

However, meme coins often fail, making the investment similar to buying a lottery ticket. This unpredictability makes thorough research crucial.

• 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. It may also include related product launches such as staking opportunities, NFT mints, or airdrop promotions. Any contender for the best new crypto to buy should clearly articulate the project’s vision and tokenomics.

Also, a good roadmap should give concrete time estimates for how long developments will take. Roadmaps can be ambitious, but they should also be realistic in their projections.

• 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, like WSM’s aim for a $1 billion market cap. 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.