Home New Cryptocurrency Launches to Invest in for 2024

New Cryptocurrency Launches to Invest in for 2024

The crypto market is currently in an exciting place, with signs that the industry is finally emerging from the crypto winter and heading towards another bull market. New tokens are being launched almost every day to solve real-world problems using blockchain technology.

Some new tokens see huge gains in a short span of time, with one of the most famous recent examples being Pepe, with one early investor seeing a $260 investment rise to $8 million.

The challenge for crypto investors is to determine which of these new projects has the potential to deliver significant returns. In this guide, we’ll highlight the best new cryptocurrencies to invest in for 2024.

  • $DOGEVERSE is the first multichain meme token that's taking blockchain interoperability to the next level via Wormhole and Portal Bridge technology.
  • As a PoS token, $DOGEVERSE holders can earn passive earnings via staking at a rate of 6088 $DOGEVERSE per ETH block.
  • Added bonus of being a multichain crypto means cheapest gas fees can be prioritized when trading.
Project Launched
April 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Matic
    Matic
  • USDT
    USDT
  • +1 more
  • Brand new early access presale backed by top crypto influencers
  • New rare take on meme tokens - Seal and South Park hybrid
  • Solana meme coins are outperforming BTC and ETH in mid 2024
Project Launched
May 2024
Purchase Methods
  • SOL
    SOL
  • WienerAI is a unique meme token merging the appeal of crypto memes with AI
  • $WAI is an ERC20 token built on the Ethereum blockchain offering stakers rewards in excess of 1,000% p/a
  • With a total supply of 69Bn tokens 30% has been allocated to the presale, which has already raised $700k
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Matic
    Matic
  • +1 more
  • Trending new GameFi Solana token $DICE raises over $600k since launch
  • Offers $2,250,000 airdrop for casino players, as well as a 25% rev-share referral program
  • Buy and stake $DICE tokens to earn daily rewards
Project Launched
April 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • SOL
    SOL
  • First of a kind Learn-to-Earn crypto project that raised over $1 million within days of launching
  • As a PoS token participants can buy and stake $99BTC tokens for passive rewards
  • Token holders gain access to exclusive features including advanced courses and webinars
Project Launched
April 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Debit
    Debit
  • USDT
    USDT
  • +1 more
  • State-of-the-art AR & VR ecosystem offering everything from games to movies
  • Massive 5.21B total token supply with 15M marketcap at listing
  • 80% of total supply has been allocated to the presale giving early investors access to in-game perks
Project Launched
January 2024
Purchase Methods
  • ETH
    ETH
  • Debit
    Debit
  • Matic
    Matic
  • BNB
    BNB
  • USDT
    USDT
  • +2 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
  • Trending Solana Meme Coin Offering Exclusive Airdrops
  • Buy And Stake $SMOG For 42% APY Rewards
  • Within First Hour of Fair Launch Market Price Jumped 1,400%
Project Launched
February 2024
Purchase Methods
  • BONK
    BONK
  • ETH
    ETH
  • SOL
    SOL
  • USDT
    USDT
  • +1 more
  • Over $3 Million Raised and 85% Staking APY on Offer
  • AI-Driven, Sustainable Transport Solution Designed to Revolutionize Transportation in Developing Nations
  • Exciting eTukTuk Play-to-Earn Game In the Making
Project Launched
June 2023
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +1 more

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. Dogeverse – The world’s first multi chain meme coin with impressive staking rewards.
  2. Slothana – Latest Solana meme coin, raised over $15 million in a presale.
  3. Mega Dice Token – New CasinoFi token offers staking yields and daily bonuses.
  4. 99Bitcoins Token – Learn-to-earn crypto project launches a token with over 2,000% APY.
  5. 5th Scape – A dynamic VR crypto gaming platform with $2.6 million raised already.
  6. Sponge V2 – Explosive 100x meme coin with newly launched V2 token. Get 202% staking APYs.
  7. Smog – Latest meme coin on Solana, doing a 490 million token airdrop to token holders.
  8. eTukTuk – Blockchain-powered charging and transport network, offers 233% staking APY.
  9. Arkham – Platform that offers rewards for information to deanonymize crypto addresses.
  10. Sei – New blockchain network which supports a range of different use cases.
  11. Open Campus – Blockchain-based marketplace for educational resources.
  12. Bitcoin Spark – An emerging blockchain that combines the tech of Bitcoin and Ethereum.
  13. The X – A cross-chain protocol intended to make it easier to develop Web3 applications.

Reviewing the Best New Crypto Launches to Buy

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

1. Dogeverse – Multi Chain Meme Coin Offering Impressive Staking Rewards

Dogeverse is a brand new meme coin with multi chain functionality. Built on the Ethereum blockchain, the token is also available via Binance and Polygon. Future plans include integration with Avalanche, Base and Solana networks.

DOGEVERSE

With the upcoming Doge Day and the Bitcoin halving on April 20th, Dogeverse has the potential to explode this month. Raising more than $250,000 in the first hours of its ICO, Dogeverse has got investor tongues wagging with big profits forecast in the near future.

Dogeverse is unique in being the first meme coin to offer multi chain functionality. You can not only buy the token through other chains but you can also put it to work by staking too. Dogeverse tokens are rewarded for every Ethereum block processed returning stakers a whopping 600,000% per year.

The project has a total supply of 200 billion tokens of which 15% are available at presale (30 billion).

To keep up to date with all the latest news and developments you can follow the project on X and join the exclusive Telegram channel. For more information on the project head over to the official website.

Presale Started 8th April 2024
Purchase Methods ETH, USDT, MATIC, BNB
Chain Ethereum
Hard Cap $17,002,500
Min Investment None
Max Investment None

2. Slothana – Popular Solana Meme Coin Presale, Raised Over $15 Million

Slothana is a sloth-themed meme coin on Solana that follows the success of Slerf, which soared to over $300 million in market cap after it launched. Slothana shows similar investor support as it has already raised over $15 million in its presale.

Slothana presale

To buy $SLOTH, you need to visit the Slothana presale site and connect your Solana wallet, such as Phantom. Use SOL to buy $SLOTH at a rate of 1:10,000. Alternatively, send SOL to EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA from your Phantom wallet and wait for the presale to end to get your $SLOTH tokens airdropped.

Being a meme coin, there’s no roadmap to look out for; There’s only speculative price value just like its Solana peers Slerf and Dogwifhat. And that’s not a bad thing as both Slerf and Dogwifhat have made massive returns for early investors.

Get the latest updates by following Slothana on X.

Presale Started 26 Marc 2024
Purchase Methods SOL
Chain Solana
Hard Cap N/A
Min Investment None
Max Investment None

3. Mega Dice Token ($DICE) – CasinoFi Crypto Offers NFTs and Daily Bonuses

Mega Dice Token ($DICE) is a new cryptocurrency platform that powers a casino and online sports betting platform. Built on the Solana blockchain, $DICE is the native token of the Mega Dice Casino. 

With the $DICE token, investors can access a range of in-game casino benefits. For instance, $DICE can be staked to earn daily bonuses and priority access to different features and promotion events. 

mega dice token presale

This new crypto is currently soaring on presale, where more than $360K has been raised in a couple of days. From a 420 million token supply, 147 million tokens are allocated for the presale. At the time of writing, $DICE is priced at $0.069 per token. 

Through the staking mechanism, another 42 million tokens will be allocated as staking rewards. The $DICE token can be used to purchase limited-edition NFTs. Early presale investors will also get additional $DICE tokens added to their crypto wallets. 

Through an airdrop round, early investors can also win from a $2.25 million prize pool. Mega Dice Token also offers token holders with passive income through its affiliate program, where you earn 25% of the affiliate’s revenue. 

For more information, read the Mega Dice Token whitepaper and join the Telegram channel

Hard Cap $10 Million
Total Tokens 420 Million
Tokens available in presale 147 Million
Blockchain Solana
Token type SPL
Minimum Purchase None
Purchase with SOL, ETH, BNB

4. 99Bitcoins Token ($99BTC) – Learn-to-Earn Crypto Platform Launches New Token With Over 2,000% Staking APY

99Bitcoins is a crypto educational platform that’s been around for over a decade, helping over 2 million users learn about crypto. The platform is now launching its own token called 99Bitcoins Token to build learn-to-earn mechanics that will reward active users on the platform.

99bitcoins presale

For now, you can buy the 99Bitcoins token during a presale with ETH, BNB, USDT or a card. Consider staking your token during the presale to earn over 2,000% APY. As more tokens are staked, the APY will drop, making it prudent to stake as early as possible if you want to get more tokens without making additional purchases.

Later this year, the team will bridge the token to Bitcoin’s BRC-20 token standard, which was made popular by Bitcoin Ordinals. Also, there are plans for a crypto trading signals platform to be released this year as well.

While the token presale lasts, you can earn $99,999 worth of Bitcoin (BTC) by completing simple stapes like following 99Bitcoins on X and joining the 99Bitcoins Telegram channel.

Presale Started April 2024
Purchase Methods ETH, USDT, BNB, Card
Chain Ethereum
Hard Cap N/A
Min Investment None
Max Investment None

5. 5th Scape – New VR Crypto Project Coin with Over $2.6 Million Raised in Presale

5th Scape is our next choice and is set to make big waves in not only the crypto landscape but also in education and entertainment through the use of VR. The team behind 5th Scape is launching a series of projects alongside next-gen immersive hardware that will take users’ experiences to the next level.

5th Scape homepage

Under the 5th Scape, there is a comprehensive array of games, interactive educational tools, films, animations, and digital adventures, all fueled by its native $5SCAPE token. This token facilitates transactions for purchases, upgrades, access to premium content, staking, and availing discounts making it a token with true utility.

5th scape tokenomics

5SCAPE  is currently in its second stage of the presale and is priced at $0.00248 per token. There will be 12 rounds in total, with the 5SCAPE price increasing to $0.0087 – an increase of more than 300%. So the earlier that investors get in, the cheaper and the higher potential profits.

The team plans to release multiple games alongside a motion-reactive gaming chair and the Ultra VR headset. Check out their whitepaper for more information.

If you want to know all the latest news about this upcoming VR project, follow 5th Scape on X and Telegram.

Presale Started 9 January 2024
Purchase Methods ETH, USDT, MATIC, BNB, Card
Chain Ethereum
Hard Cap N/A
Min Investment None
Max Investment None

6. Sponge V2 – New V2 Meme Coin That’s Rocketed 100x Once and Looks Set to Explode Again

$SPONGEV2 is a new version of the popular $SPONGE meme coin, one of the hottest tokens of the 2023 meme spring. After launching with a market cap of just $1 million, $SPONGE exploded upwards to a $100 million valuation.

Today, $SPONGE still maintains a $16 million market cap and has more than 11,650 token holders. It’s listed on a number of major exchanges including MEXC, Bitget, Poloniex, and Gate.io.

Sponge V2 Presale

Now, the team behind $SPONGE has set its sights even higher with the V2 token. The project aims to get $SPONGE onto Tier-1 exchanges like Binance and OKX. Listings on either of these exchanges could send $SPONGE soaring to new highs.

On top of that, the $SPONGE team is hard at work on a new play-to-earn crypto game that’s expected to drop in 2024. The new game will let players race as Spongebob Squarepants and earn $SPONGE tokens.

According to the Sponge V2 whitepaper, the only way to get $SPONGEV2 is to bridge in by staking V1 tokens. Staked V1 tokens will be permanently locked and issue V2 token rewards for the next 4 years.

Sponge V2 Miss 100x Pump

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.

Follow $SPONGE on X, Telegram, and Discord to get all the latest updates about the V2 stake-to-bridge and listings on Binance and OKX.

Presale Started 17 December 2023
Purchase Methods ETH, USDT, Card
Chain Ethereum
Hard Cap N/A
Min Investment None
Max Investment None

7. Smog – Fair Launch New Crypto Delivering the Greatest Airdrop of All Time on Solana

The latest hype on Solana, called Smog, aims to outperform all Solana meme coins like Bonk and Dogwifhat in 2024. To do that, the team has set aside 50% of the total token supply for marketing purposes and 35% for a generous airdrop to $SMOG holders.

Unlike most new cryptocurrencies that have a presale, Smog is running a fair launch. This means you can buy the token directly on a decentralized exchange and sell it whenever you want, without any lock-up periods. Also, the price is determined by supply and demand.

Smog token page

You can buy $SMOG on Jupiter, which is the largest aggregator on Solana. Connect your Solana wallet (Phantom, Solflare or Backpack) and use SOL, USDC or USDT to make the purchase. Once you have the tokens in your wallet, they will accrue airdrop points. Earn more points by completing Zealy quests.

With a total token supply of 1.4 billion, 85% will be dedicated for hyping up the coin and reaching out to as many investors and traders as possible. This could be enough to get the token rolling and outperform Bonk.

SMOG tokenomics

Read the Smog whitepaper to learn more about this new cryptocurrency, and make sure to follow Smog on X and join the Smog Telegram channel for the latest news.

Presale Started Not a presale
Purchase Methods SOL, USDC, USDT or any other Solana-based token
Chain Solana
Hard Cap N/A
Min Investment None
Max Investment None

8. eTukTuk – Eco-Friendly Crypto Revolutionizing Developing World

eTukTuk is a blockchain-powered transportation network that aims to provide sustainable transportation solutions in developing countries. The company’s flagship product is the eTukTuk electric vehicle (EV) that is built to be a more affordable, zero-emission alternative to traditional TukTuks.

In addition to the eTukTuk EV, eTukTuk is also building a network of charging stations which will establish a crypto-powered payment system. Once the firm’s EV charging infrastructure is established, drivers will be able to pay to charge their EVs using the TUK token.

eTukTuk presale

The company behind eTukTuk has plans to raise $10 million through its initial presale. Early investors will then be able to stake their tokens and generate income from money raised by the charger network.

At the time of writing, the presale price for TUK tokens is $0.0265. As a tiered presale, the price rises at each stage up to a public price $0.04. Since launching the presale, eTukTuk has sold more than $999,000 worth of TUK tokens, with the current staking APY of over 223%.

eTukTuk home

TUK is an attractive long-term investment prospect due to the nature of its staking mechanism, which requires investors to lock their funds away for at least 15 years. In addition to funding the network’s growth, this will help to stabilize the price of TUK in the short-term and could prevent losses.

Go through the eTukTuk whitepaper and join the Telegram channel to learn more about this sustainable cryptocurrency.

9. Arkham – An Opportunity to Invest in a Gamechanging Crypto Platform

Arkham Intelligence is an AI platform designed to deanonymize crypto addresses by matching them with real-world entities. It was built to enhance transparency in the industry, where many firms struggle to meet the know your customer (KYC) and anti-money laundering (AML) requirements demanded by regulators.

Arkham’s basic premise is novel but controversial. Referred to as “intel-to-earn,” the platform erects an intelligence economy that matches buyers and sellers of blockchain data that can help identify the owners of crypto wallets. The platform has its own native token ARKM.

Arkham presale

Binance Launchpad hosted a token sale for 5% of the total ARKM supply in July. Tokens were also airdropped to early users of the Arkham platform.

Since it started trading on exchanges, ARKM hasn’t exactly performed well. Since it was first listed on July 15, the token’s price fell from around $0.8 to less than $0.5 each.

But starting at the beginning of August the price of ARKM has somewhat stabilized and the Arkham platform is gaining traction.

In one of its first major successes, Arkham announced recently that bounty-hunters provided evidence of wallets holding over $160M in digital assets tied to Terraform Labs and its founder, Do Kwon. They were rewarded with a little over 9500 ARKM for their efforts.

Although its performance since July has been poor, long-term forecasts for the price of ARKM are generally more optimistic. For example, Coinwire predicts that the crypto could be worth as much as $0.713071 in 2024 with a low-end of $0.645796.

10. Sei – Hotly Anticipated Layer One Blockchain with Over 4 Million Users Already

Sei is one of the most eagerly anticipated layer one blockchains to be developed in recent years. But up until recently, there was no way for investors to get hold of SEI tokens.

However, on August 1, Binance introduces SEI farming to its launchpool, allowing users to stake their assets in return for SEI for the first time.

Sei

The farming period will last 30 days and the Sei Network has allocated a total of 300 million SEI tokens for the farming process, amounting to 3% of the total SEI token supply.

Prior to its Mainnet launch, 4 million users participated in the Sei Testnet, demonstrating significant interest in the new platform. Ahead of mainnet launch, the Sei ecosystem is already populated with dozens of projects for people to get excited about.

The launch of a new layer one blockchain to rival established giants is a major event in the crypto world. As buzz around the new technology gathers steam, it will likely drive a flurry of activity once SEI becomes available to trade.

In comparable high-profile listings, that initial buzz has been experienced as a rapid spike in token value followed by an equally dramatic fall in value before the price stabilizes.

11. Open Campus – Educational Token Has Already Increased 10x Since Initial Sale

Another Binance Launchpad alumnus, Open Campus is a blockchain based platform designed to help creators of educational content markets and monetize their work.

The platform’s native token EDU had an initial sale price of $ 0.05 in April. Early investors have already made a good return on their investment and EDU is currently valued at over $0.5 per token.

Open Campus

Although the price of EDU fell against the dollar and major cryptocurrencies in June and July, it is a good new cryptocurrency to buy and hold as a longer-term speculative investment.

Coin codex predicts that the token could see its price increase to $0.6196 in the next month.

Looking further ahead to 2025, the crypto data platform forecasts a price range of between $ 0.977505 and $ 3.33 for EDU.

12. Bitcoin Spark – Buy Bitcoin With 2023 Technology at 2011 Prices

Bitcoin Spark is a new cryptocurrency inspired by Bitcoin.

Whereas Bitcoin has evolved only slightly since its launch in 2008, Bitcoin Spark embraces more advanced blockchain features that have been developed over the years. The BTCS token presently resides on the Ethereum network however its tokenomics also draw inspiration from its OG namesake.

Bitcoin Spark

Drawing a middle ground between Bitcoin-style Proof-of-Work mining and Ethereum style Proof-of-Stake rewards, Bitcoin Spark uses an all-new blockchain technology called “Proof-Of-Process” (PoP), designed to deliver the best of both worlds.

The BTCS initial coin offering (ICO) commenced on August 1. In the initial phase, 300,000 BTCS are available to investors at a price of $1.5 each. Of these, 23% have already been sold. Until August 11, ICO participants are also eligible for an additional 20% bonus.

13. The X – Invest in Web3 Technology of Tomorrow with XTP

The X is the latest and most ambitious of a cohort of new crypto projects that are attempting to make building new Web3 applications easier.

For example, The X Protocol Smart Contract Wizard is a user-friendly tool that enables the creation and management of smart contracts without any knowledge of coding.

The X

The platform offers a range of no-code solutions for functions such as minting NFTs.

TXP is a cross-chain token that powers the The X protocol. It is currently in the middle of a 90-day presale scheduled to end on August 21.

The presale is split into nine rounds lasting ten days each, with the token price rising by 40% in each stage.

How We Picked the Best New Crypto Launches to Buy

When selecting the best new cryptos to buy today, we considered several key factors that could boost their adoption and price.

To make our list, new cryptos needed to demonstrate an original value proposition, sufficient online visibility and community engagement, a clear business strategy for project growth, and genuine potential for price gains.

We sourced information from the different coins’ websites and social media channels. We also used third-party data sources such as CoinMarketCap, DEXTools, PooCoin, and more. Finally, we talked to crypto analysts and investors and scanned social media to find out which coins are hot and which aren’t.

Token Utility and Innovation

In the world of crypto, original ideas that serve a genuine need have the highest sticking power.  Anyone can mint a new token and start selling it online. But to gain any real traction, new coins need to offer something new and different.

defi llama tvl

Some projects have grand plans to change the world as we know it, while others are focused on smaller improvements to make everyday life a bit easier.

eTukTuk is the first electric vehicle charging solution to make use of BNB chain’s “opBNB” layer two solution, which uses cutting-edge optimistic rollups to scale functionality and reduce gas fees on the blockchain.

The native token, TUK, is known as a “utility token” because it is used to carry out some platform-specific function and can’t be replaced by another cryptocurrency.

Many new projects and decentralized apps (dApps) are built on Ethereum, a layer-1 blockchain, and the second-largest crypto after Bitcoin.

Its popularity, speed and efficiency mean it is the top network for dApp builders, with projects having a combined worth (TVL – Total Value Locked) of almost $23 billion, according to DeFiLlama.

All that said, not every coin has to serve a real-world purpose to create returns for investors. Meme coins famously have no utility. $PEPE, for instance, jumped almost 10,000% earlier this summer despite having no purpose other than providing some laughs.

Originality

Beyond utility tokens, originality isn’t limited to technical innovation, it can also take the form of imaginative novelty. Our list of new cryptocurrencies includes coins that fall into both categories.

In the past, the best meme coins like Dogecoin, Shiba Inu and $PEPE  have generated a significant return on investment without being associated with a new technology platform or developing any new use cases.

Instead, meme coins typically rely on a well-designed website, original marketing strategies and community support to attract investors – sometimes to incredible results.

However, there have been more failures than successes in the meme coin world, which has been likened to buying a lottery ticket. The nature of investing in that particular niche makes research all the more important.

Crypto Whitepaper and Roadmap

When assessing the quality and potential of new crypto projects, it’s essential to pay attention to each project’s website, whitepaper and roadmap.

A crypto project’s whitepaper explains what the project is about, how its tokenomics work, and more. From the whitepaper, investors should have a clear sense of what gap the token is filling and how it’s different from existing projects.

Reading project whitepapers can also help investors identify red flags that a project hasn’t been properly thought through. Any contender for the best new crypto to buy should clearly articulate the project’s vision and tokenomics.

The whitepaper also includes a project’s roadmap. This lays out a timeline of development for a token, and usually includes estimated dates for its presale launch, upcoming ICO, and major events like token burns. Depending on the specific project, roadmaps might also outline related product launches such as staking opportunities, NFT mints or airdrop promotions.

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 critical for the continued success of any new crypto – cryptocurrencies don’t just attract investors out of nowhere.

An active community of supporters is needed to generate the all-important social media buzz that gives new coins visibility and draws investment.

The meme coins on our list of new cryptos to watch, such as Dogeverse, benefit from large pre-existing communities that they are able to tap into.

The size of projects’ social media following was also taken into account, as was their track record for communicating with users and investors.

However, as outlined in more detail below, followers can be bought so high engagement plus a large following is a truer indicator of community interest.

Marketing and Social Engagement

It would be almost impossible for any new cryptocurrency release to succeed without a solid marketing strategy.

Accordingly, we considered factors such as marketing spend and social engagement when researching the best new cryptocurrency to buy.

Social engagement metrics such as likes often have a strong correlation with cryptocurrency prices. For example, when the $PEPE token surged by over $250% in 24 hours in early May, it was accompanied by a huge spike in the volume of tweets referencing the meme coin.

Famously, billionaire Elon Musk helped DOGE pump to all-time highs in early 2021 by regularly posting about the token, as well as appearing on Saturday Night Live.

His takeover of Twitter, which has now been rebranded X, also allowed DOGE to pump in late October 2022, while an April Fool’s Joke where he changed the logo to a Shiba Inu doge, also saw huge volume for DOGE.

Musk has since been named in a class-action lawsuit accused of manipulating the price of Dogecoin.

Price Performance and Potential Returns

Finally, it wouldn’t be a satisfactory guide on the best new cryptocurrency to buy without an assessment of the potential returns offered by each token.

Some new crypto projects include price targets in their roadmaps. For example, the team behind WSM intends to achieve a market capitalization of $1 billion. Although investors should keep in mind that coin developers are prone to outlandish predictions, having an ambitious roadmap that incorporates a target price is a good starting point.

Of course, many of the coins on this list are still in their presale phase or have only just hit the open market. Without historical price data, it is difficult to carry out the kind of statistical analysis normally used in forecasting.

Where sufficient historical data exists, we incorporated technical analyses into our assessment of new cryptocurrency releases.

Is Bitcoin still a Good Investment?

Bitcoin has been one of the best-performing financial assets ever over its lifetime but in the last 18 months, BTC has dropped more than 60% from its all-time high.

Bitcoin is the original, largest and most popular cryptocurrency and many investors new to the space often believe they have missed the boat to make large gains from BTC.

However, while it is true that the opportunity to turn $1 into $1,000 has probably gone, Bitcoin still represents the ‘safest’ crypto investment – it is the least volatile, given its sheer size, and has been described as ‘digital gold’.

It has seen huge interest from financial institutions and remains, arguably, the most likely crypto to truly break into mainstream financial markets.

Numerous global investment firms, such as BlackRock and Fidelity, have recently applied for spot Bitcoin exchange-traded funds (ETFs)

Potential Risks & Things to Consider 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

Low market cap cryptocurrencies can sometimes suffer from low liquidity. This is something to keep in mind when investing in new tokens that aren’t available on exchanges, or are only listed on a few small exchanges.

During crypto market downturns, investors tend to prefer perceived safe havens like Bitcoin and Ether. Alternatively, they exit their positions in true cryptocurrencies altogether in favor of stablecoins.

During such periods, demand (and prices) for less established altcoins tends to plummet. In some instances, there has been insufficient liquidity for investors to swap their assets at any price.

Many projects set aside a portion of their total token supply for exchange listings to alleviate liquidity issues.

Transaction Visibility on Public Ledgers

When investing in new cryptocurrencies, remember that transaction information is visible on public ledgers.

Most of the new crypto coins on this list are ERC-20 tokens. That means that information about them is recorded on the Ethereum blockchain, and anyone can view transaction and wallet data.

It’s a good idea for investors to look at transaction data to see how many unique wallets have purchased a new token. More wallets is a good sign, since it means that a token has more support and its price isn’t likely to be manipulated by just a few owners.

How Much Can You Afford to Risk?

Investors should be aware of the risk that they may lose their money. Crypto, in general, is a risky investment, and isn’t advised for risk-averse investors.

Compared to other asset classes and more established cryptocurrencies, coins like the ones on this list are highly volatile. They should not be considered safe investments and purchasing them comes with the risk that their value could collapse.

While the potential returns offered by new, low market cap cryptos can be much higher than more well-known alternatives, the associated risk is also higher. Investors should always be cautious not to over-expose their portfolio to such risky assets.

Rug Pulls, Scam Tokens and Pump and Dump Schemes

In the world of crypto investing, rug pulls, and scams are an omnipresent threat that anyone searching for the best new cryptocurrency should mitigate against.

A rug pull refers to a type of cryptocurrency scam where the developers of a project abandon it and take all of the investors’ money. All the token contracts in this list have been independently audited, but that alone doesn’t guarantee that unscrupulous developers won’t leave investors in the lurch.

hacker

Ensure you read the whitepapers and perform background research before making any crypto investment. Red flags to look out for include statements in which developers reserve the right to adjust a crypto’s token supply after the initial sale, or to make major changes to its tokenomics without warning.

A related but slightly different scam is known as a pump and dump scheme in which a group of people artificially inflate the price of a cryptocurrency by buying it up and then selling it off at a profit, leaving other investors holding the bag.

These schemes often involve using social media to spread false or misleading information about the cryptocurrency, in order to drive up demand. Investors should be wary of any cryptocurrency that is being promoted too heavily, especially on social media.

Regulatory and Legal Status

Compared to other investment classes, there are few legal protections for crypto investors. As such, investors should undertake thorough research and be aware of the risks discussed in the previous two sections.

Moreover, most cryptocurrencies are subject to different tax reporting requirements depending on where you live.

In the US, there is regulatory uncertainty around whether cryptocurrencies are unregistered securities. Ripple recently won a lawsuit against the SEC that found that not all cryptocurrencies are securities, but the SEC is appealing this decision. For now, investors should assume that any crypto project, new or old, could be sued by the SEC.

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 handy tools to help you identify new opportunities.

Automatic Scanners

Automatic scanners like Dextools constantly scan crypto exchanges and can automatically identify when new cryptocurrency trading pairs are listed.

These platforms are very useful for ICO investors since they often have data for coins that haven’t yet listed on data sites like CoinMarketCap or CoinGecko.

In many cases, Dextools and related scanners have price charts, transaction data, trading volume information, and more. They will also highlight ‘trending’ and ‘hot’ coins to show tokens that have seen high trading volume and interest in the last 24 hours.

Presale and ICO Databases

Databases of ongoing or upcoming presales and ICOs are also useful for tracking new crypto investment opportunities. For example, one resource is CoinCodex’s list of token sales. Although not comprehensive, the list is typically up-to-date and identifies many presale and ICO opportunities.

There are dozens of different sites and databases to access, with leading data aggregators such as CoinMarketCap and CoinGecko also having their own ICO calendars.

coinmarketcap ico calendar

Some of these databases even use AI to grade new crypto projects, based on factors such as tokenomics, price, utility and so on. These scores can be useful for investors who want to find top-ranked crypto presales to investigate more quickly.

However, these sites should only be used as step one of a process of information-gathering and not be treated as a comprehensive reason to invest in a project.

Top positions on some ICO calendars can be bought and a high rating or top placement isn’t always reflective of a high-quality project – sometimes it is just one with a larger marketing budget.

As with all cryptos, proper research and due diligence should be conducted before investing in a token.

How to Conduct Crypto Research

Deciding on whether a new crypto is worth investing in is the most difficult task in the space, especially with money on the line from a right decision or wrong move.

With new cryptos, however, there are several telltale signs and red flags that can help investors make a decision on a particular project.

  • Website and whitepaper: After hearing about a new project, the website and whitepaper should be the first ports of call. The website should be professional and offer answers to all questions on the project. The whitepaper should be a detailed overview of a project and provide all the information necessary to judge a project. Poorly written or incomplete websites and whitepapers should be an immediate red flag.
  • Team: Next, check the developing team of a project. In most cases – except meme coins, where developers tend to remain anonymous – developers should be doxxed and public-facing rather than hide behind anonymity. Generally, the best projects will also have developers that have a track record of success in the space.
  • Partnerships: Another sign of a high-potential project is if they have already secured large partnerships of investment. As outlined below, this could include launchpad funds from crypto exchanges or venture capital investment. Projects such as The Sandbox have even secured deals with the likes of Adidas and Gucci, as well as major institutional backing.
  • Community: Interest and community are all-important in the crypto world – a project may have amazing fundamentals but if there is no interest from the community then it is unlikely to see big price increases. Check social media pages to see sentiment around a project and also the project’s own channels, a large following could mean large interest. However, note that followers can be bought so engagement is more important.
  • Audit and Security: There are numerous scammers, hackers and bad actors in the crypto space who are after your funds. Plenty of new projects turn out to be rug pulls or pump and dumps. The best projects will have their smart contracts audited and publically available to ensure investor trust.

Crypto Launchpads

Following the various crypto launchpads can also be worthwhile. Most major exchanges have their own launchpad schemes that help support new crypto startups and projects. You can track launchpad tokens on sites like Binance.

These are a good place to search for investment opportunities that have been vetted by professional analysts.

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.

Social Media

Social media can also be a good source of information on new and upcoming cryptos. X (formerly Twitter) and Reddit have thousands of experienced crypto investors who and commentators who know what makes a high-potential token.

Some good Telegram channels for identifying new crypto projects include ICO Analytics and DeFi Million, with members able to discuss the strengths and weaknesses of a particular crypto and whether it could make a good investment.

For more in-depth research, there are many crypto-focused YouTube channels that discuss new coins and their investment potential. For example, Jacob Bury is a popular YouTuber with a good track record for spotting high-potential coins early. He also has his own Discord channel that offers crypto investment signals and discussion from more than 15,000 members.

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 Dogeverse is the best cryptocurrency to invest in today.

It stands out with its high staking yields and its ability to capitalize on the Doge meme craze, enabling users to earn passive income while having fun. It’s environmentally friendly, uses a Proof of Stake mechanism, and can be used across a variety of chains. The total token supply is 200 billion.

References:

FAQs

What are the newest cryptocurrencies?

How do I find new coins before listing?

What new cryptos should I watch?

What is the next big crypto in 2024?

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
Managing 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.

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