Getting in early on the best new cryptos is a known strategy for achieving significant long-term gains, but with so many new entrants, how do you find the ones worth investing in? This article might help. You’ll learn about eight exciting tokens bringing fresh innovation, boundless potential, and new opportunities for investors. Whether you’re just starting your crypto journey or are well-versed in crypto investing, we've got you covered.
The best new cryptos to buy in 2024:
Bitcoin Dogs: Innovative charm with a first-ever BRC-20 ICO
Memeinator: The Meme Coin on a Warpath
Bitbot: Revolutionizing Crypto Trading via Telegram
Chancer: Where Bettors Become Bookmakers
AltSignals: Upgrading the Trading Experience With AI
Metacade: The Home of All Things GameFi
Aptos: A New Layer-1 Solution Rivaling Established Players
Arbitrum: A Rapidly-Growing Layer-2 Network
Analyzing the Best New Cryptos
Despite 2022’s bear market and relatively subdued price action in 2024, dozens of new cryptocurrency projects have entered the scene as the crypto landscape continues to evolve. With many unique opportunities and innovations, this year seems like the perfect time to get in early before the bull run makes a comeback and drives prices higher.
The following list highlights the best new cryptos primed for growth in 2024 and beyond. However, these choices aren’t random; each has been carefully vetted based on their projected growth, practical utility, underrated pricing, and availability.
1. Bitcoin Dogs: Innovative charm with a first-ever BRC-20 ICO
In the burgeoning world of crypto, Bitcoin Dogs stands out as a pioneering project, blending the playful essence of meme coins with the innovative utility of NFTs and gaming on the Bitcoin blockchain. It's a venture that seeks to entertain while offering genuine value to its community.
The Potential of Bitcoin Dogs
Bitcoin Dogs innovatively merges the charm of virtual pet gaming with the burgeoning world of cryptocurrency, positioning itself as a standout project in both realms. By issuing 900 million tokens, Bitcoin Dogs cleverly aligns its supply with the playful spirit of the estimated global dog population, infusing the crypto investment journey with a unique sense of engagement and community. This initiative aims not only to captivate gamers and crypto enthusiasts but also to foster a strong communal bond over shared passions for dogs and cutting-edge blockchain technology.
At its core, Bitcoin Dogs champions the concept of NFT collectibility, carving out a distinctive niche within the digital pet market. This approach leverages the burgeoning interest in NFTs, providing a platform for users to engage in the ownership, trading, and interactive enjoyment of virtual pets. By doing so, Bitcoin Dogs spearheads a movement within the NFT space, offering a fresh perspective on digital ownership and the value it can hold in a digital-first economy.
Further enhancing its appeal, Bitcoin Dogs integrates gaming mechanics that reward players for their participation. This strategic incorporation of play-to-earn elements not only enriches the gaming experience but also opens up new avenues for financial gain within the crypto market. Players are thus offered an engaging and potentially profitable venture, bridging the gap between entertainment and investment.
As a pioneering ICO on the Bitcoin blockchain, Bitcoin Dogs embarks on an ambitious journey of innovation and community building. It sets a high benchmark for creativity and technological advancement, promising a unique blend of fun, community engagement, and investment opportunity. By venturing into unexplored territories of blockchain gaming, Bitcoin Dogs demonstrates its commitment to pushing the boundaries of what's possible, offering a compelling proposition for those interested in the intersection of gaming, NFTs, and cryptocurrency.
Bitcoin Dogs aspires to redefine the gaming and crypto landscape, creating a platform where enjoyment and economic opportunity coexist. With its strategic focus on NFTs, community cultivation, and rewarding gameplay, Bitcoin Dogs positions itself as a visionary project in the digital domain, promising an engaging and enriching experience for its community.
Risks of Investing in Bitcoin Dogs
While Bitcoin Dogs presents an attractive investment opportunity, it's not without risks. The project's success hinges on its ability to attract and retain a dedicated community, a challenge in the highly competitive and volatile crypto market. Moreover, as a novel venture, it faces the task of proving its long-term viability and ability to deliver on its promises.
2. Memeinator: The Meme Coin on a Warpath
Memeinator is a new cryptocurrency that offers something many investors have never seen before. This meme coin is on a warpath, laser-focused on its mission to destroy other meme coins that clog the space. Its ultimate goal? To catapult the MMTR token to an astonishing $1 billion market cap and rival the likes of meme coins giants Dogecoin and Shiba Inu.
The Potential of Memeinator
Today’s crypto market is overrun with useless meme coins, leaving many investors dissatisfied with the current state of affairs. Recognizing this, Memeinator plans to rally the largest resistance movement in crypto history. Leveraging the nostalgic allure of 90s action films and an aggressive marketing campaign, Memeinator has emerged as one of the best new cryptos around.
However, Memeinator goes beyond a simple protest movement. It’s creating an entire interactive experience through its Meme Warfare game. This real-time, AI-driven game offers investors the thrill of hunting down and annihilating competing meme coins, dynamically updated with new adversaries to ensure the fun never stops.
The path for Memeinator’s takeover is compelling. Initially, it’ll build hype in underground crypto circles, creating a like-minded community of meme coin killers. Once the coin is launched, the next stop is to list on tier-1 exchanges and unleash the Meme Warfare game. The last phase is total domination: overtake the most popular meme coins in the market and list on the world’s largest exchanges.
This vision has drawn thousands of investors already. Since the start of its 29-stage presale on the 27th of September, more than $1.2m has been funneled into Memeinator’s new cryptocurrency, catapulting the project to stage 6. Memeinator’s momentum is showing no signs of slowing, putting Memeinator ahead of the crowd as the top new cryptocurrency to invest in.
Alongside the prospect of unparalleled returns, early adopters also have the chance to win big in the short term. 7.5% of the total MMTR token supply is allocated for some staggering competitions, with the first prize being a literal trip to space aboard a Virgin Galactic flight worth a whopping $250,000!
Risks of Investing in Memeinator
The success of Memeinator's audacious plans relies on a sizeable following. However, the immediate enthusiasm seen in the presale, along with the general discontent around meme coins right now, indicates that Memeinator is well on its way to amassing a legion of loyal supporters.
3. Bitbot: Revolutionizing Crypto Trading via Telegram
Bitbot emerges as a game-changer in the world of cryptocurrency trading, offering a non-custodial trading bot that operates within Telegram. It promises a blend of security, convenience, and advanced trading functionalities, setting a new standard for traders everywhere.
The Potential of Bitbot
Bitbot stands out as a groundbreaking solution in the cryptocurrency trading sphere, meticulously designed to address the critical need for security and operational efficiency. By enabling traders to maintain full control over their private keys, Bitbot significantly enhances the security landscape of digital asset trading, providing a robust safeguard against the volatility and unpredictability inherent in the crypto market. This foundational focus on security empowers users to navigate the complexities of cryptocurrency investments with increased confidence and peace of mind.
Integrating seamlessly with Telegram, Bitbot brings an unparalleled level of convenience to the trading experience. This innovative melding allows users to effortlessly manage their cryptocurrency portfolios within a familiar messaging environment, eliminating the need to juggle multiple platforms or navigate through cumbersome trading interfaces.
Crafted by a team of seasoned professionals with extensive backgrounds in finance and blockchain technology, Bitbot introduces a suite of sophisticated trading features. Among these, sniping and copy trading stand out, designed to serve a diverse range of users from beginners seeking to learn from the strategies of successful traders, to seasoned market participants looking for quick execution and strategic advantage. These advanced functionalities democratize access to high-level trading tactics, leveling the playing field for all traders regardless of their experience level.
The strategic tokenomics model adopted by Bitbot, including mechanisms like token buybacks and burns, is ingeniously designed to drive token value appreciation over time. This approach not only incentivizes long-term investment but also underscores Bitbot's commitment to creating lasting value for its users. By systematically reducing the overall token supply, Bitbot enhances the scarcity and potential demand for its tokens, aligning the interests of early adopters and long-term holders with the project's success.
Positioned at the intersection of cutting-edge technology and financial acumen, Bitbot emerges as a transformative force in the crypto trading domain. By making advanced trading strategies accessible to a broader audience, Bitbot has the potential to reshape the dynamics of cryptocurrency trading.
Risks of Investing in Bitbot
Investing in Bitbot carries inherent risks associated with the crypto trading market's volatility and regulatory uncertainties. The platform's innovative approach, while promising, will need to navigate the complexities of user adoption and market competition to realize its full potential.
4. Chancer: Where Bettors Become Bookmakers
Chancer may be one of the newer cryptocurrencies on this list, but it’s certainly not one to miss out on. Chancer is a groundbreaking platform currently in its presale phase 4. It’s aiming to redefine online betting with its CHANCER token. Its goal is to remove centralized bookmakers from the equation, allowing users to become their own bookmakers while promoting fairness and transparency. Known as peer-to-peer (P2P) betting, Chancer has the potential to significantly disrupt the online gambling industry — a sector valued at roughly $63.53 billion in 2022.
The Potential of Chancer
Chancer could easily attract thousands of bettors through its P2P model. In gambling, the house traditionally comes out on top. With little incentive to make betting fairer, many centralized bookies delay payouts and carry high fees. Chancer’s decentralized model breaks this trend, offering much faster payouts and minimal fees.
The P2P model enables Chancer’s most exciting feature: custom prediction markets. Users can create these markets with virtually no restrictions. This broad scope opens doors for avid bettors and casual speculators.
Chancer will be built on the Binance Smart Chain, meaning that every transaction is publicly visible — a far cry from the murky inner workings of your average betting platform. The CHANCER token is for more than betting and payouts; holders can stake and even earn by creating their own markets. Proactively promoting markets using Chancer’s shareable streams and results can multiply these earnings.
However, Chancer’s commitment to decentralization doesn't end there. The platform has plans to develop a decentralized application (dApp) and a decentralized autonomous organization (DAO). Once implemented, CHANCER holders will have a direct say in the platform's future direction, genuinely putting the power back into the hands of the bettors.
The Chancer presale aims to raise $15 million during its twelve phases. Chancer tokens are currently selling for $0.013. The presale has already raised $3.2m as savvy investors are keen to get in on this exciting presale event.
Risks of Investing in Chancer
Despite the significant potential of Chancer and its CHANCER token, as with any investment, it comes with risks. The inherent volatility of the cryptocurrency market is one of the main risks investors need to be aware of.
5. AltSignals: Upgrading the Trading Experience With AI
Established in 2017, AltSignals has emerged as a well-respected provider of trading signals across various markets, including crypto, forex, and stocks. Powered by a team of trading experts and the proprietary AltAlgo™ indicator, it’s amassed a customer base of over 50,000 free subscribers and over 1,400 VIP users.
Following its success, AltSignals is taking the next step by integrating cutting-edge AI technology into the AltAlgo™ system, aiming to increase the platform’s average win rate from 64% to 80%+. The ASI token is essential to support the development of the ActualizeAI stack and offers holders exclusive benefits not found elsewhere.
The Potential of AltSignals
AltSignals has a reputation as a quality trading signals provider built on the consistent performance of its AltAlgo™ indicator. Its outstanding track record, including a significant 2,480% return in January 2023, demonstrates a winning strategy trusted by a loyal customer base.
ActualizeAI is effectively AltAlgo™ 2.0, harnessing advanced machine learning, sentiment analysis, and NLP techniques to produce first class trading signals. Using this system, AltSignals expects to interpret complex market patterns and anticipate price movements with exceptional accuracy. Ultimately, ActualizeAI will help subscribers and ASI token holders gain a competitive market edge.
AltSignals is currently in phase 2 of its presale event. It has already raised $1.4m, and tokens are selling for $0.0185. Investors are excited to get their hands on AltSignals’ ASI tokens because they include a wide range of benefits and utility.
Investors owning 50,000 ASI tokens or more will gain lifetime access to the current AltAlgo™ signals and the upcoming ActualizeAI system. However, the ASI token is more than just cryptocurrency — it's an entry ticket to the exclusive AI Members Club, where members can provide feedback, test new features, and communicate directly with the AltSignals team, earning additional ASI tokens for their efforts along the way.
The sentiment analysis engine that can detect upcoming cryptocurrency presales that are about to explode and a DAO are additional highlights. As such, ASI is more than just a new cryptocurrency to invest in; it’s a game-changer for traders and investors looking to amplify their gains.
Risks of Investing in AltSignals
While AltSignals may seem like a great opportunity, there are risks, such as the token’s newness. AltSignals’ track record offsets this risk, yet like all new coins, it will see volatility due to the unpredictability of the crypto market.
6. Metacade: The Home of All Things GameFi
Metacade is a community-oriented platform that aims to revolutionize the play-to-earn (P2E) landscape. It has been designed to be a central hub where gamers, crypto enthusiasts, and developers can come together to explore the blossoming GameFi sector. Metacade offers these users a collaborative space to discuss the latest tips for making the most of P2E gaming, earn MCADE by contributing to the platform, and play a direct role in shaping the GameFi industry.
This vision resulted in Metacade raising $16.4 million through its sell-out presale. As a result, many see considerable potential in the platform’s future and the MCADE token.
The Potential of Metacade
Metacade's unique potential is rooted in its community-centric model, where helping one another succeed in the P2E arena is integral to its core values. For example, Metacade incentivizes users to share reviews, offer tips, and post valuable content for others to learn from with the MCADE token. This system of rewarding active participation could be a powerful driver of user engagement and platform growth.
Metacade's planned job and gig board launch in Q1 2024 will allow individuals to earn casual testing gigs and even full-time roles with their favorite firms. It will enable companies to tap into a talent pool well-versed in gaming and Web3.
Perhaps most exciting is the platform’s Metagrant scheme, a decentralized funding initiative that supports developers building the next wave of P2E games. Developers pitch their game ideas, and MCADE holders vote to decide which projects deserve funding from the Metacade treasury. This strategy of aligning the community’s interests with games in development could result in some unique titles from Metacade, serving as a potential catalyst for future growth.
Finally, Metacade plans to become entirely community-run once development is complete, due by late 2024. This transformation would allow MCADE holders to participate in critical decisions, like prospective partnerships and new features. In doing so, Metacade will become the world’s first community-run arcade.
Risks of Investing in Metacade
Metacade has received the all-clear from Certik, a leading crypto auditor, which mitigates most risk. However, as with any crypto, Metacade’s stability and future rely on a healthy crypto market.
7. Aptos: A New Layer-1 Solution Rivaling Established Players
With its unique design, Aptos is an innovative blockchain designed to shake up the layer-1 blockchain space. Often touted as one of the best new crypto projects, Aptos was carefully developed over three years by a diverse team of over 350 developers, Ph.D. holders, researchers, and designers, and many former Meta employees. This group pooled their collective skills to create a blockchain platform powered by a unique language called Move, a relic of Meta’s infamous Diem project.
The Potential of Aptos
Aptos offers an impressive roster of features that hint at a promising future. It focuses on scalability, safety, reliability, and upgradeability, meaning it can adapt to the changing digital landscape. Aptos has set its sights on mainstream adoption, aiming to play a crucial role in the future decentralized web.
This new cryptocurrency stands out for its promised transaction speeds. Its innovative scaling solutions pave the way for Aptos to handle an impressive volume of transactions, with estimates of up to 150,000 transactions per second (TPS). Contrasted to Ethereum, the leading layer-1 solution that’s yet to implement sharding, Aptos could already be ahead of the curve.
In terms of upgradeability, Aptos stands out with its modular architecture. This feature allows for the constant evolution of the platform through frequent and instant upgrades, ultimately improving its flexibility in the ever-evolving crypto landscape.
The biggest reason to consider Aptos one of the best new cryptos is its venture capital backing. Raising funds from several big name players, including a16z, Multicoin, and Binance, Aptos has received over $400 million from VCs, with an estimated $4 billion valuation. Overall, Aptos is a promising new crypto to invest in, easily rivaling established layer-1 projects like Ethereum and Solana.
Risks of Investing in Aptos
Despite the promise that Aptos holds, it’s still a new entrant in a highly volatile and competitive market. Therefore, the project's success isn't guaranteed, particularly considering the stiff competition in the layer-1 space. Its survival depends on the project's ability to stand out and prove its value, which many argue hasn’t been seen yet.
8. Arbitrum: A Rapidly-Growing Layer-2 Network
Launched by Offchain Labs in 2021, Arbitrum is an innovative layer-2 scaling solution for the Ethereum blockchain. The platform's primary task is to address the Ethereum network's issues with slow transaction times and high fees. By functioning as an intermediary layer, it processes transactions faster and more efficiently than the core Ethereum network and then submits them in batches back to the Mainnet.
The Arbitrum token is a relatively new cryptocurrency, airdropped to eligible users in late March 2023. It allows holders to participate in governance decisions on the network and is used to pay transaction fees.
The Potential of Arbitrum
Arbitrum's potential lies in its speed, efficiency, and compatibility with Ethereum's massive ecosystem. It’s demonstrated a staggering ability to handle up to 40,000 TPS in testing, much more than Ethereum's current rate of roughly 14 TPS. This speed, combined with lower transaction costs, addresses two crucial hurdles that have limited the growth of blockchain technology.
Its compatibility with the Ethereum blockchain provides a solid base for growth. Developers can deploy their Ethereum applications on Arbitrum with little modifications, attracting a growing number of developers to the platform. According to DeFiLlama, the total value locked (TVL) on the Arbitrum network has doubled since the start of 2023, currently at $2.86 billion.
Moreover, Arbitrum has seen considerable backing from venture capital. Offchain Labs secured $120 million in a Series B funding round in September 2021, where it reached a valuation of $1.2 billion, indicating Arbitrum’s long-term potential to seriously rival other layer-2 solutions, such as Polygon and Optimism.
Risks of Investing in Arbitrum
While Arbitrum is a strong contender in the layer-2 space, investing in its newly launched cryptocurrency isn’t without risks. Although promising, its technology is relatively new, especially considering Polygon’s long-time dominance in the layer-2 market. The long-term viability of Arbitrum is yet to be fully proven, and it remains uncertain whether it will achieve widespread adoption.
Some also argue that the ARB token provides little function. This criticism has some merit; Polygon’s MATIC is a governance and utility token with multiple uses. ARB’s primary role is to be a governance token and to pay transaction fees. However, it’s expected that use cases for ARB will grow.
How We Determined the Best New Cryptocurrencies To Buy
Establishing the best new cryptos to buy in 2024 requires a stringent process. We aimed to select a range of projects with significant potential amid the thousands of available cryptocurrencies. The criteria we used to determine these choices revolved around four key elements: availability, market capitalization, long-term utility, and price potential.
Availability
One important factor we considered was availability. While some projects here were still in presale when writing, we verified that the purchasing process was straightforward.
Genuine Utility
We also examined the authentic utility of each cryptocurrency token. Digital assets should offer more than just quick profits; they need tangible applications that provide sustained value over time. This involves considering the technology behind the cryptocurrency, its use case, and the problem it aims to solve within its specific industry sector.
Underrated Prices
We considered cryptocurrencies that, despite solid fundamentals, are still undervalued in the current market, indicating that their prices have yet to reflect their true potential based on their underlying technology and growth prospects.
What To Consider When Investing in a New Crypto Project
Investing in a new cryptocurrency launch in 2024 involves considering both individual circumstances and elements relating to the project. Here’s what to think about when evaluating any new cryptocurrency.
Your Budget
When venturing into the cryptocurrency space, it's crucial to consider your budget. Only investing amounts you can afford to lose limits potential losses and allows you to make more precise decisions. Risking too much can make investors irrational, leading to difficulties.
Risk Tolerance
Coupled with budget considerations, consider your risk tolerance. New crypto projects can be especially volatile, with prices that can soar or plummet dramatically in a short period. It's vital to assess your risk tolerance and invest accordingly, both in the projects you choose and the amount you invest.
Coin Use Cases
The best new cryptos should be more than mere investment opportunities; they should have practical applications. Whether disrupting a traditional industry, offering access to advanced technology, or improving existing technology, each coin should have a unique selling point that gives it long-term viability.
Security and Regulation
Of course, none of the elements matter if the new crypto listing you’re investing in is open to attack or regulatory scrutiny. A coin's security protocols, the transparency of its operations, and its compliance with regulations need to be examined by investors. Look for verification from one of the principal crypto auditors, like Certik or Quantstamp, for extra peace of mind.
Community and Development Team
Lastly, consider the strength of the community and development team behind the cryptocurrency. A robust and engaged community is often vital to a coin's success. Similarly, a skilled and dedicated development team is committed to improving and maintaining the project. Looking at the size of a project’s social media communities and its team’s track record, especially with other crypto projects, can help you invest confidently.
Conclusion: What Is the Best New Crypto To Buy in 2024?
As we venture into 2024, the quest for the best new cryptos to invest in unveils a landscape rich with groundbreaking projects. This guide has spotlighted eight ventures that not only promise substantial growth but also introduce real-world utility to the blockchain ecosystem. From innovative gaming platforms to advanced trading solutions, these selections embody the diverse potential within the crypto space.
The standout cryptos poised for notable attention in 2024 include:
Bitcoin Dogs
Memeinator
Bitbot
Chancer
AltSignals
Metacade
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
