16 New Cryptocurrencies to Invest in for 2024

Why Trust Us
Why Trust Us

New cryptocurrencies bring innovative ideas to the world, create new communities, and solve real problems in the crypto industry and beyond.

Today’s new tokens have the potential to be tomorrow’s Bitcoin or Ethereum, producing potentially life-changing gains for investors who spot them early. So, investors are constantly on the lookout for projects that could hit it big.

In this guide, we’ll highlight 16 of the best new cryptocurrencies to invest in for 2024 and explain everything investors need to know about investing in new crypto coins.

  • Fresh off the BSC, PlayDoge breathes new life to trending Doge meme with virtual Tamagotchi-style pet.
  • $PLAY holders can earn rewards and extra tokens by caring for the virtual pet.
  • The $PLAY token comes with tons of utility and staking opportunities with APY rewards currently over 700%.
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Bank Card
    Bank Card
  • New meme crypto with AI-driven predictive trading features
  • WienerAI can find new crypto opportunities and users can swap, MEV-free, via DEXs
  • Investors can buy and stake $WAI tokens to earn 299% p/a passive rewards
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • MATIC
    MATIC
  • +1 more
  • Latest SOL meme coin with 100x potential amidst animal token trend
  • Reports claiming Sealana has the same developers that created SLERF which skyrocketed in April
  • $SEAL token presale has already raised $3M
Project Launched
May 2024
Purchase Methods
  • SOL
    SOL
  • USDT
    USDT
  • ETH
    ETH
  • USDC
    USDC
  • +1 more
  • Available on four major blockchain networks (ETH, SOL, AVAX, BNB)
  • Presale price will increase 5% every 5 days
  • Supporters may be eligible for airdrop rewards
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • The world's top GameFi SOL crypto, $DICE, offers the ultimate casino token experience.
  • $DICE is the native token of the established and reputable global casino brand with over 50k loyal players.
  • Buy and hold $DICE tokens to enter the $2,250,000+ USD airdrop. Presale has raised over $1.2M so far.
Project Launched
April 2024
Purchase Methods
  • SOL
    SOL
  • ETH
    ETH
  • BNB
    BNB
  • 99Bitcoins introduces its native $99BTC utility token as the face of Learn-to-Earn crypto model with presale already raising $1.7M.
  • Launching on a BRC-20 powered platform this enables developers and crypto enthusiasts to build dApps on the BTC network.
  • Buy, stake, learn and earn 99BTC tokens, with trading signals, tools and educational features all at your fingertips.
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • Missed out on $SPONGE's 100x surge in 2023? Sponge V2 tokens are here and ready to exceed its records!
  • $SPONGE v2 is an ERC-20 token offering 141% p/a rewards and a P2E game in which players can earn more $SPONGE.
  • Over $1M worth of $SPONGE tokens have been staked and bridged already.
Project Launched
December 2023
Purchase Methods
  • MATIC
    MATIC
  • USDT
    USDT
  • Bank Card
    Bank Card
  • Participate in the eTukTuk's $TUK presale that's already raised over $3.3M.
  • 83% annual rewards are up for grabs when you buy and stake $TUK tokens.
  • eTukTuk is a play-to-earn game that offers multiple ways to earn rewards.
Project Launched
June 2023
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • Bank Card
    Bank Card
  • +1 more
  • PEPE Unchained is a new and improved version of the original Pepe coin looking to 100x.
  • Built on the Ethereum Layer 2 blockchain it offers scalability, speed and efficiency.
  • $PEPU project offers double staking rewards with a current APY of 130,151%.
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • New cat meme coin aiming to dethrone dog meme tokens with 10x potential.
  • Buy and stake $KAI tokens to earn passive rewards with 15% of total supply allocated to staking.
  • Claiming process begins upon launch after highly anticipated presale, which has already raised over $365k, ends.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • One-of-a-kind crypto project for trading, purchasing, and selling luxury vehicles via blockchain technology.
  • Buy $DCARS tokens to earn passive monthly income from car rentals, a 5% referral link, and much more.
  • Offering unseen market for fractional luxury car shares. Project is fully audited by SOLIDProof.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Shiba Shootout merges wild west with high-stakes crypto battles.
  • Meme degens can buy and stake $SHIBASHOOT for massive rewards of 2,782%.
  • Over $400k raised via presale since launch.
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • Empowering the future of crypto payments for customers and merchants, SpacePay makes buying goods and services with crypto easy.
  • With SpacePay businesses can begin accepting crypto payments from an ever-growing global crypto community.
  • SPY token presale offers buyers the chance to get their hands on the project's utility token. SPY holders can enter airdrops, vote on the future of the project, earn revenue share, and more.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • USDC
    USDC
  • Bank Card
    Bank Card
  • BNB
    BNB
  • MATIC
    MATIC
  • AVAX
    AVAX
  • BASE
    BASE
  • +5 more
  • Fun new meme token project combining blockchain technology, celeb pop culture, fun memes, and web3 boxing games.
  • Portion of the proceeds from the $FNIO presale will be donated to charitable causes such as UNICEF and Parkinson's research.
  • Promising roadmap with plans to list on major CEXs as well as launch a web3 staking platform.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT

The Top New Cryptocurrencies to Invest in Today

We’ve researched dozens of new cryptocurrency projects to find the most promising coins with the biggest potential returns for investors. Based on our findings, we’ve put together this list of new cryptocurrencies to consider investing in today.

  1. PlayDoge (PLAY) – The best doge-inspired play-to-earn game that will reward players will crypto tokens.
  2. WienerAI (WAI) – The loveable weenier dog meme coin that promises huge returns for early investors.
  3. Sealana (SEAL) – The most exciting Solana meme coin to buy in 2024
  4. Base Dawgz (DAWGZ) – The multi-chain dog meme coin that could 100x in 2024
  5. Mega Dice (DICE) – The new native cryptocurrency of the Mega Dice cryptocurrency casino that offers extra benefits.
  6. Sponge V2 (SPONGEV2) – The successful meme coin Sponge has released a new token version.
  7. eTukTuk (TUK) – Innovative new play-to-earn crypto game that offers free crypto rewards.
  8. Pepe Unchained (PEPU) – Pepe-themed meme coin built on the Ethereum layer-two blockchain.
  9. SpacePay (SPY) – Platform offering a seamless crypto payment system while sharing profits with token holders.
  10. AlphaScan (ASCN) – Telegram trading bot powered by automated technical analysis and social sentiment analysis.
  11. Lumishare (LUMI) – Fractionalizing real-world assets with a focus on renewable energy assets to promote the green revolution.
  12. Shares.finance (SHARES) – ERC-20 token that enables crypto influencers, project owners, and others to issue their own shares to followers.
  13. Capital Rock (CR) – Flagship crypto token from renowned finance firm Capital Rock.
  14. Nchart (CHART) – Charting software built for Discord and other messaging apps. Quickly and easily visualize token prices in messengers. Holds $2.6 million market cap after launch on Uniswap.
  15. Omniswap (OMNI) – DeFi platform and decentralized exchange built on the Binance Smart Chain. Offers liquid and pledge mining, with plans to roll out NFTs. Has a $6 million market cap already.
  16. Baby Shiba Inu (BABYSHIB) – Meme coin playing on Baby Doge and Shiba Inu. Returns 2% from every sell transaction to long-term investors.

Reviewing the Best New Crypto Launches to Buy

Now that investors know more about our process, let’s take a closer look at the best new cryptos for 2024 and explore why they stand out.

1. PlayDoge – Doge-inspired P2E new cryptocurrency that could explode

PlayDoge is an enticing new cryptocurrency to buy, especially for those interested in innovative play-to-earn models.

Built on the Binance Smart Chain, PlayDoge integrates the nostalgic appeal of the 1990s Tamagotchi game with modern blockchain technology, offering a unique gaming experience where players can raise virtual Doge pets, complete missions, and play mini-games to earn crypto rewards.

playdoge new cryptocurrency

This combination of nostalgia and innovation makes PlayDoge stand out in the crowded cryptocurrency market.

One of the primary reasons PlayDoge is a good investment is its strong community backing. The project has rapidly attracted a large following through viral marketing on platforms like Twitter and Telegram. A robust community is crucial for the success of any cryptocurrency, particularly those rooted in the meme coin space, as it helps drive awareness and adoption.

The $PLAY token, which powers the PlayDoge ecosystem, has a capped supply of 9.4 billion tokens. This limited supply, combined with high demand from the gaming community, creates a favorable environment for potential price appreciation.

During the ongoing presale, investors can purchase $PLAY tokens at a discounted price, offering an opportunity for significant returns as the token’s value is expected to rise.

Your money is at risk.

2. WienerAI – The lovable weenie dog meme coin that could generate huge returns

WienerAI, a trending meme token, combines AI and a sausage dog in a unique and humorous way. This inventive project is strategically launching around the Bitcoin halving, aiming to capitalize on the increased interest in crypto.

wienerai best new cryptocurrencies

Built on the Ethereum blockchain using the ERC-20 standard, WienerAI offers a safe and compatible platform with its native currency, $WAI. The project boasts an exceptional staking mechanism, currently offering over 2,600% APY, with 389 million tokens already staked.

The total supply of 69 billion $WAI tokens is allocated to presale, staking rewards, community rewards, liquidity, and marketing. The WienerAI community, known as the “Sausage Army,” is growing rapidly, driven by plans for exchange listings and continuous platform improvements.

Your money is at risk.

3. Sealana – The most exciting Solana meme coin to buy in 2024

Sealana, a new entrant in the Solana meme coin space, has generated significant buzz, raising over $3 million so far during the presale. The token is priced at approximately $0.022 each, with no soft or hard cap, enhancing its appeal.

Sealana is a typical SOL meme token that will use the power of social media hype to attract investors, generate a ‘pump’ and offer huge returns to token holders.

sealana new crypto

Predictions for $SEAL are optimistic, with a potential 10x increase at launch and a stable price of $0.085 by the end of 2024.

Presale investors will see the highest returns, making now the best time to buy before the price pump.

Your money is at risk.

4. Base Dawgz – The multi-chain meme coin that could 100x 

Base Dawgz is an innovative cryptocurrency project that merges the thrill of dog-themed meme coins with advanced multi-chain technology.

Inspired by the adrenaline rush of base jumping, Base Dawgz enables seamless movement across major blockchain networks, including Ethereum, Solana, Binance Smart Chain, and Avalanche.

base dawgz best new crypto

Unlike many meme coins that rely solely on viral appeal, Base Dawgz offers real technological value, positioning itself as a strong contender in the crypto market.

Key features include staking opportunities, community rewards, and liquidity provision, all aimed at incentivizing active participation and long-term commitment from investors.

Investing in Base Dawgz during its presale phase presents a unique opportunity to enter at a low price point. The presale starts with $DAWGZ tokens priced at $0.00479, with a structured price increase of 5% every five days.

This tiered pricing strategy not only rewards early investors but also ensures a gradual appreciation in token value, providing an attractive proposition for those looking to maximize their returns.

Your money is at risk.

5. Mega Dice – The new native token of the Mega Dice crypto casino

Mega Dice is a well-established crypto casino with a thriving community of over 50,000 active users and a monthly wagering volume exceeding $50 million.

The casino has introduced its $DICE token to reward loyal users and attract investors seeking passive income. Staking $DICE tokens offers daily rewards based on the casino’s performance, providing a consistent income stream.

mega dice best new cryptocurrency

The presale, priced at $0.069 per token, allocates 35% of the total 420 million tokens for early investors.

Mega Dice also employs a buyback and burn strategy to maintain and enhance the token’s value.

Participants in the presale can earn unique NFTs with added benefits. Operating on the Solana blockchain, Mega Dice ensures efficient, low-cost transactions.

The platform offers over 4,500 games and a sportsbook, catering to a wide range of preferences. Mega Dice’s robust tokenomics, active user base, and strategic market positioning make $DICE an attractive investment.

With the anticipated crypto bull run following the Bitcoin halving event, $DICE is well-positioned to deliver substantial returns, making it a standout choice for investors in the crypto casino space.

Your money is at risk.

6. Sponge V2 – The Leading New Cryptocurrency Offering High Staking Yields During the Presale 

With the crypto market pumping, everyone is looking for the best new cryptocurrency to invest in. But with so many options out there and many more being released every day, it’s very hard to find the gem that has both the fundamentals and narrative working in its favor. A new cryptocurrency, however, has both these elements in abundance, and that’s Sponge.

Sponge V2 Dashboard

$SPONGE is actually one of the most successful meme coins of this year, and it is now back for a round 2 as it bridges from V1 to V2. There’s no presale this time, though.

To get your hands on Sponge V2 tokens, you simply have to stake SPONGE tokens. More than 460 million SPONGE tokens are already staked by holders. The thing is, the more Sponge V1 tokens you stake and for a longer period, the more V2 tokens you earn before its official launch. Currently, the Sponge V2 yield offered is a massive 3373%, one of the highest in the market. 

The token has no expectation of financial return or roadmap and is “for entertainment purposes,” which fits just nicely with its meme coin persona. In crypto terms, this means there is no ceiling on what it can achieve and how high the price can go.

The meme coin’s initial version was listed on DEX Uniswap early in May, sending its price higher by many multiples, resulting in $SPONGE hitting an all-time high market capitalization of $100 million. In the last quarter of 2024, the price of SPONGE has surged significantly as it now trades at $0.000405, up from $0.0001 at the beginning of Oct. 

The token, which proclaims to be the ‘Krabby Patty of meme coins,’ is currently listed on many CEX platforms, including MEXC, Poloniex, Gate.io, Bitget, CoinW, and others, which means you can easily get your hands on this cryptocurrency. 

With SPONGE V2, the idea is to list this token on bigger and better exchanges. With meme coins like PEPE and BONK gaining listings on Coinbase and Binance, there is much more to be achieved by this token.

Out of the total supply of 150 billion, the project has actually set aside 10% of $SPONGEV2 for CEX liquidity. A large chunk of supply at just over 43% has meanwhile been dedicated to staking rewards while 4.47% is for game development, 8% for P2E rewards, and 7.5% supply is allocated to marketing. 

Sponge’s social media following is today over 35k strong across three different platforms. For more information, join the Telegram or Discord channel of Sponge V2 and check out Sponge’s whitepaper.

Hard Cap NA
Total Tokens 150 billion
Tokens available in presale Depends on Staking
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

7. eTukTuk – Innovative Project Building a New Electric Vehicle and EV Charging Stations. Raised $40,000 During Presale.

eTukTuk is a green crypto project building the future for electric vehicles (EVs). The project takes a dual-path approach that’s more comprehensive than most of its peers.

First, eTukTuk is building a new EV that’s more efficient and safer than a lot of the competitors on the market. This new EV is designed specifically for the South Asian market, which has a fast-growing population and could see enormous demand for EVs in the years ahead.

eTukTuk Presale

To power its new EV, eTukTuk is also building out a network of blockchain-backed EV charging stations. The project’s $TUK token will provide discounted payments for charging, although the charging stations will also accept fiat to increase adoption.

$TUK token holders can also stake their coins to share in the revenue from charging stations. This is a great way to invest directly in increasing the use of EV charging stations as the green revolution accelerates.

The eTukTuk presale has raised more than $40,000 so far, and the $TUK token is currently priced at $0.024. For a limited time, early investors can get a 40% discount on their total investment, which has the potential to nearly double their long-term returns after the token launches.

8. SpacePay – Platform Offering a Seamless Crypto Payment System while Sharing Profits with Token Holders

SpacePay ($SPY) is a hot new London-based startup that has developed a decentralized payment protocol designed to support crypto payments at retail locations. This innovative system uses a revolutionary POS (Point-of-Sale) terminal compatible with 325 crypto wallets and all Android devices. 

The platform’s native token is called $SPY– which is central to incentivizing user engagement and promoting platform growth. 

Active users receive monthly airdrops of $SPY tokens, and holders gain monthly voting rights on platform proposals along with quarterly access to webinars hosted by the SpacePay management team. Additionally, $SPY holders enjoy exclusive access to new services and features.

SpacePay Presale Homepage

SpacePay bridges the gap between crypto and traditional payments by enabling users to pay with crypto while merchants receive fiat currency, charging a flat 0.5% fee on the merchant side. This fee contributes to SpacePay’s revenue- a portion of which is shared with $SPY holders.

Currently, $SPY is in its presale phase and is priced at $0.00147 per token. SpacePay offers 6.8 billion tokens out of its total supply of 34 billion. The ongoing presale raised over $180K days after its official launch–showing high investor traction. 

Buyers can join the SpacePay Telegram channel and follow it on X (Twitter) for the most recent updates.

Token symbol SPY
Presale supply 34 Billion SPY
Token type Ethereum
Payment methods ETH, USDT, USDC, Card

9. AlphaScan – Telegram Trading Bot Just Launched on Uniswap with $1 Million Market Cap

AlphaScan is a Telegram-based crypto trading bot with its own $ASCN token. The project just launched on Uniswap with a $1 million market cap after a successful presale.

AlphaScan’s platform uses a combination of automated technical analysis, social sentiment analysis, and on-chain indicators to find the best opportunities to buy and sell major crypto tokens.

AlphaScan Price Chart

Traders can follow the signals automatically using Telegram automations linked to their crypto exchange or broker. Alternatively, they can use the signals as a starting point for further research. AlphaScan offers an online dashboard where traders can view social mentions of tokens, monitor price action, and more.

AlphaScan has more than 24,000 followers on Twitter, which is impressive for a project that just launched. It’s seen more than $35,000 in daily trading volume since launching on Uniswap, which is also an encouraging sign.

The price hasn’t jumped since $ASCN launched, so investors still have a chance to buy this token before it shoots upward.

10. Lumishare – Algorithmically Controlled Token with Floor Price Set by Cash and Gold Reserves.

Lumishare is an interesting project that crypto investors will want to keep an eye on. The platform is designed to fractionalize real-world assets and bring them onto the blockchain so that anyone can invest in them.

Lumishare is especially focused on renewable energy assets. That’s important because many investors want a way to invest in private green energy projects, like solar and wind farms. Demand for investment opportunities in these renewable assets is expected to increase, according to the International Energy Agency.

Lumishare Price Chart

Lumishare’s token, $LUMI, is tied to this goal by providing liquidity for asset tokenization. It’s an unusual coin in that it has an algorithmically determined floor price. It’s not a stablecoin, but it is backed by cash and gold reserves to set the floor price.

The floor price is correlated with $LUMI’s all-time high market cap. So, every time the value of $LUMI rises, the floor price moves higher as well. This protects long-term investors from downside risk—something that almost no other crypto accomplishes.

11. Shares.finance – Enables Crypto Influencers to Issue Shares to Followers in Exchange for Exclusive Content

Shares.finance is a unique crypto project that makes it easier for anyone to launch their own shares. The idea is that partial ownership in an asset doesn’t have to be limited to major companies—it can also be possible for influencers, small projects, and even individual content creators.

The shares that someone issues through Shares.finance can have different properties. They might entitle shareholders to exclusive new content or a share of revenue from a project. Shares can also grant voting rights.

Shares finance Chart

Just like traditional shares, shares created with Shares.finance can be released through an IPO and sold on secondary markets. This makes for a very dynamic marketplace around a small project or individual.

The $SHARES token is a universal medium of exchange within the Shares.finance universe, enabling investors in shares to trade amongst each other. Investors in $SHARES can stake their coins to earn income. $SHARES tokenholders also receive a portion of revenue from trading fees collected by the project.

12. Capital Rock – Flagship Crypto Token From Renowned Finance Firm Capital Rock Backed by Shares in 400+ Companies

Capital Rock is a well-known forex trading firm that just jumped into the world of cryptocurrencies for the first time. The firm made the transition so that it could offer access to its investment funds to a wider range of investors than is possible with traditional finance.

The firm’s crypto token, $CR, is backed by a fund that includes shares of more than 400 companies. The price of $CR reflects changes in the value of the fund, making it similar to an ETF.

Capital Rock Price Chart

One thing that’s different about $CR is that investors can earn affiliate rewards. For every friend and family member that an investor refers to buy the $CR token, that investor will receive additional $CR of their own. This gives investors a way to consistently increase their investment without locking up tokens through staking.

The $CR token is currently trading on Pancakeswap and Tokpie, two top decentralized exchanges. It has a market cap of more than $330 million. $CR is down 72% since launch, so now is the perfect time to buy it at a discount.

13. Nchart – Charting Software Built for Discord. Launched on Uniswap with $2.6 Million Market Cap

Nchart is taking technical charts in messaging platforms like Discord to the next level.

Traditionally, to share a chart in Discord and other messaging apps, users have to simply paste in an image. It’s static and not very nice to look at.

Nchart Price Chart

With Ncharts, it’s possible to embed an interactive and highly customizable chart within a user’s favorite messaging app. Nchart has proven extremely popular in online investment communities and the tool has a large following.

The $CHART token gives investors who love Nchart a way to share in the project’s future revenue. It has a total token supply of 10 million $CHART and just launched on Uniswap with a market cap of more than $2.6 million.

Considering the popularity of Nchart, there’s a lot of reason to believe this token will perform well in the months and years to come. It’s down 18% since launch, but that just looks like an opportunity for savvy investors to buy the dip.

14. Omniswap – DeFi Platform and Decentralized Exchange Built on the Binance Smart Chain

Omniswap is a new decentralized exchange and all-in-one DeFi platform built for the Binance Smart Chain. It’s filling a gap on this chain, which has been relatively underdeveloped for DeFi compared to blockchains like Ethereum.

Omniswap is still early in its roadmap, but it has a lot of impressive features planned. The platform will support token exchanges, liquid mining, and pledge mining. It also plans to roll out features for NFT trading, node mining pools, multi-chain wallet products, and more.

Omniswap Price Chart

The $OMNI token is already trading on Pancakeswap and has a $6 million market cap. The token is down 60% since launching 3 days ago, but that shouldn’t scare away potential investors. The potential of this token lies in its long-term roadmap, and the development team is only beginning to execute on its vision.

15. Baby Shiba Inu – Meme Coin Playing on Baby Doge and Shiba Inu Up Over 400% Since Debut on Uniswap

Baby Shiba Inu was one of the most successful recent crypto launches. It’s up more than 400% since launching on Uniswap v2 48 hours ago.

This meme coin plays on several existing memes, including Shiba Inu and Baby Doge. It stands out for the substantial rewards it offers investors. For example, $BABYSHIB charges a 2% tax on every sell transaction, then distributes that revenue to investors who still hold the token.

Baby Shiba Inu Price Chart

Another benefit to Baby Shiba Inu is that the token’s liquidity is fully locked. It’s inaccessible to everyone, including the developers. That provides price stability and increases confidence in the token.

Baby Shiba Inu now has a market cap of $7.8 million and is seeing trading volume around $3 million per day. While price action has been volatile, this token could have a lot of room left to run.

How We Picked the Best New Crypto Launches to Buy

Before we dive further into the best new cryptocurrencies for 2023, it’s important for investors to understand how we chose the top coins. We’ll highlight several of the most important factors we look at when evaluating new crypto listings.

Early Investor Interest

How popular a new crypto is from the moment it launches is one of the best indications of how it will perform after launch.

If a crypto presale has thousands of investors clamoring to get in and runs through its first stages in a matter of hours, that’s an outstanding sign that the token could pump once it hits exchanges. If a token holds its ICO and there’s nothing but crickets, investors likely want to steer clear of that crypto coin.

As an example, PepeCoin launched in April 2023 with a huge community behind it. The token went on to surge more than 10,000% and captured the attention of mainstream financial outlets. While PepeCoin fell back to earth after its pump, it retains a nearly $350 million market cap and is up more than 1,400% since launch.

So, we look carefully at not just how much money a project has raised, but also how quickly it raised that money and how big the community of investors is. We also consider whether crypto influencers and analysts are standing behind a new token.

Utility

We also look carefully at what a token does and what it offers investors.

Many new crypto tokens are designed to solve real-world problems and fill gaps within the crypto market. How many people are affected by these problems will partly determine how many people want to use a crypto project once it’s launched. That in turn determines the potential future value of the project’s token.

That said, not every token has to have utility to succeed. Meme coins don’t have utility, but they can still deliver huge returns for investors. For proof, just look at the Dogecoin millionaires—investors who made a fortune by investing in a meme coin that started as a joke.

Tokenomics

Investors should always consider the tokenomics of a cryptocurrency before investing in it. A coin’s tokenomics determine how many tokens will be available, whether the supply will increase or decrease over time, whether there are taxes on transactions, and more.

There’s no single tokenomics model that works best for every token. Inflation might be necessary for tokens like Bitcoin that are meant to be used in place of fiat currencies. Deflation might be better for meme coins that want to pump prices as quickly as possible. It’s important to understand tokenomics in the context of what a coin does.

Wall Street Memes Tokenomics

Staking Rewards

Many new cryptocurrency coins enable investors to stake their tokens and earn rewards in the form of additional tokens. Staking can greatly enhance the value of a crypto token since it provides a way for investors to increase their holdings and encourages them to hold onto tokens for the long-term rather than sell them.

Staking interest rates can vary widely and they are not usually guaranteed. Be sure to check where the token rewards are coming from to ensure that they are sustainable for a project to keep paying out.

Development Team Strength

The development team behind a new crypto token is extremely important. Not only is the team responsible for marketing the coin and shepherding it through launch, but they’ll also play an important role in introducing promised features after launch.

We’re always on the lookout for scams and rug pulls, which are among the risks of investing in new cryptocurrencies. Ideally, new projects will reveal the identities of their developers in order to reduce the risk of a rug pull.

Some projects are also 100% community owned. This ensures that the development team only profits from their token if the community profits from it.

Well-defined Roadmap

The best new crypto to buy should have a clearly defined roadmap that lays out what features will be introduced in the future and when. The roadmap should also cover events like token burns, market cap milestones, and more.

Wall Street Memes Roadmap

A project’s roadmap should be realistic. Investors want to know how long development will actually take so that they can plan out their investment horizons for a token accordingly. For example, some of Binance new listings have well-defined roadmaps and project development plans.

Determining a New Crypto Token’s Potential Return

Our ultimate goal when choosing the best new cryptocurrencies to invest in is to find the tokens with the highest potential return after launch.

We look at all of the criteria above to determine what market cap a project could achieve and over what timeframe. We then compare this potential market cap to the planned market cap at launch to calculate the potential return investors could earn.

Remember that potential return is never guaranteed with new crypto tokens.

Why Invest in New Cryptocurrencies?

While some investors prefer to focus on established cryptocurrencies like Bitcoin and Ethereum, many investors believe there’s a lot of opportunity in altcoins with upside potential. We’ll explain some of the reasons why investors may want to choose a new cryptocurrency to buy.

Potential for Explosive Price Gains

The biggest reason why investors look to new cryptocurrencies for investment opportunities is that they have huge potential compared to more established crypto tokens.

The most optimistic predictions think Bitcoin could reach $100,000. If that turns out to be true, investors who buy Bitcoin today could earn a 4x return on their investment.

But new crypto tokens offer so much more potential. $SPONGE, a popular meme coin that launched earlier this year, delivered gains of more than 2,500% after launch.

Sponge Price Chart

Analysts think Wall Street Memes could jump 10x after launch. That’s part of why it’s our top pick as the top new cryptocurrency to invest in right now.

Lock in a Fixed Price Before Trading Starts

Many cryptocurrency projects offer tokens to investors through a crypto presale or another form of ICO before launching on exchanges. Presales can be great because investors can invest at a specific, fixed price rather than be subject to rapid price fluctuations in a token on the open market.

This means that investors have time to carefully evaluate what price they want to invest in a token at. Of course, investors still need to hurry somewhat since token prices typically increase once a presale round sells out, and presales can sell out quickly if a token is hot.

Earn Passive Income through Staking and Other Rewards

Many investors buy new crypto tokens partly for expected gains from price appreciation and partly because the token offers gains through staking or other rewards.

With staking, investors lock up their crypto for a set amount of time in exchange for a promised interest rate. The interest is normally paid out in the same token, so investors are effectively able to accumulate more of a coin over time. This magnifies any gains they enjoy due to price appreciation in the token.

Staking can also be a way for investors to earn passive income, similar to how they might earn passive income from dividends when investing in stocks.

Build Community with Other Investors

Investing in a new crypto token can also be a way to build community within the crypto investing industry. This is a big deal for many crypto investors since investing can be a lonely pursuit sometimes.

Investors who come to the newest crypto coins share the thrill of finding a diamond in the rough before the rest of the market knows about it. Investors can bond over their shared find, and the process of forming these bonds makes tokens more valuable. According to psychologists, this is part of the reason for the appeal of meme coins.

Many new cryptocurrency projects actively encourage investors to form community by providing online spaces like Telegram and Discord channels.

Potential Risks & Things to Consider When Investing in New Crypto Launches

While new crypto launches can be exciting and profitable, they also carry risk. It’s important for investors to know what to watch out for when investing in the best crypto projects.

Price Volatility

New crypto tokens can be highly volatile, meaning that the price can swing up or down rapidly with little warning.

Often, the market is trying to figure out the “true” price of the newest cryptocurrencies in the minutes and days after they launch on exchanges. Without a price history to inform trades, everyone in the market needs to determine what price buyers are willing to pay and what price sellers are willing to accept.

This can lead to significant short-term price swings. Even if a token recovers quickly from a downturn, the volatility could force some investors out of positions for a loss.

Price Declines

On top of volatility, there is always a risk that the price of a crypto token will fall from its list price. When that happens, investors who bought the token early can lose money on their investment.

Falling prices can happen for many reasons. Frequently, new projects simply lack the momentum needed to keep demand up after launch. If new tokens are released during an exchange listing, these coins could flood the market and send prices down if there isn’t enough demand for them.

New crypto prices are also impacted by regulatory concerns. There is an ongoing fight in the US over whether many crypto tokens are unregistered securities. The US Securities and Exchange Commission is appealing a ruling that says that most tokens are not securities. The US Congress is also working on new crypto legislation that could jolt token prices and force some crypto projects out of the US market.

Scams

While many new crypto launches are legit, not all are. There are many well-documented examples of crypto projects that were designed to scam investors out of money.

For example, there’s a recurring scam that promises an “Amazon token” to investors. This token isn’t real, and investors who connect their crypto wallet to the presale platform could lose their coins.

Another common scam occurs when a fake token mimics a real crypto coin. For example, investors could be tricked into buying “$DOG” instead of $DOGE if they’re not paying close attention.

What Are Crypto Rug Pulls?

Another type of scam to watch out for is known as a rug pull. A rug pull occurs when developers set up a presale for a token and raise funds, then run away with the funds. Rug pulls may never deliver a token at all or they may deliver a half-finished product that never completes its roadmap and is thus much less valuable.

One of the biggest rug pulls in crypto history centered on OneCoin, which raised $4 billion from investors in 2016. The token’s founder disappeared in 2017 with much of the money raised by the project and remains a global fugitive.

How to Find New Cryptocurrency Releases

One of the key aspects of succeeding in investing in new cryptocurrencies is to find tokens before they blow up. The earliest investors might make huge amounts of money on a token, while investors who get in too late could lose money.

Here are a few ways to find new cryptocurrency releases for 2023 before they get too big.

Crypto Presales

Crypto presales are one of the most common routes by which new cryptocurrencies are offered to the public. They give investors a chance to buy tokens at steeply discounted prices. In many cases, tokens will list on exchanges at higher prices, so presale investors already have unrealized gains in a coin.

Investors can find crypto presales through social media or platforms like ICOBench. We offer a calendar that highlights new crypto presales as well as tools for researching crypto presales.

Crypto Market Data Platforms

Crypto market data platforms like CoinMarketCap and DEXTools can be very valuable for finding newly released crypto projects.

CoinMarketCap has a list of new cryptocurrencies for which it is tracking prices. These projects have typically launched on exchanges within the past 3 days, so investors can still get in on the price swings that characterize early trading in new coins.

DEXTools offers a dashboard where investors can monitor the biggest gainers and losers in the crypto market. It also shows trending tokens, which often include new tokens. DEXTools is also one of the best platforms for tracking prices and trading volume in crypto tokens that recently launched on decentralized exchanges.

DexTools Dashboard

Crypto Influencers

Crypto analysts and influencers can also be valuable sources of information about new cryptos to watch. These individuals often promote new cryptocurrencies that they’ve invested in.

Influencers can be found mainly on Twitter and YouTube. Some are cryptic about investment ideas, but others will come out and tell followers what new cryptocurrency tokens they’re buying right now. Some popular crypto influencers include Jacob “Crypto” Bury and Ben “BitBoy” Armstrong.

Crypto Launchpads

There are several crypto launchpads that serve as incubators and fundraising platforms for new cryptocurrency projects. These launchpads can serve as central directories for projects worthy of investors’ attention.

Examples of crypto launchpads include DAO Maker, Pancakeswap, and Uniswap. DAO Market, for instance, keeps a list of all upcoming launches on the platform. Simply following what’s going on there is a great way to find new projects.

DAO Maker Upcoming Launches

These platforms help market the tokens they’re incubating and are typically the first exchanges where these coins list.

How Often Do New Cryptocurrencies Launch?

A new cryptocurrency launch takes place every single day. In fact, there are usually 2-5 new cryptocurrencies launching on decentralized exchanges on any given day.

The overall frequency of new cryptocurrency launches does go up and down over time. For example, there were fewer new crypto launches during the crypto winter and the overall number of tokens actually declined.

Now that the crypto winter is coming to an end, many analysts expect that the number of new crypto projects will increase once again.

Conclusion

We believe investors would do well to invest in any of the top new cryptocurrencies we highlighted. However, we’re especially bullish on PlayDoge. The dog meme token offers long-term utility and the opportunity to earn free crypto rewards which makes it an attractive investment opportunity.

References

FAQs

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By Michael Graw

Michael is a vastly experienced writer who's well versed in everything blockchain, having been covering the crypto space for over 5 years. Hailing from Bellingham, Washington, Michael has featured on respected sites such as CryptoNews, InsideBitcoins, TechRadar, Techopedia, and Tom's Guide.