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 18 of the best new cryptocurrencies to invest in for 2023 and explain everything investors need to know about investing in new crypto coins.
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 2023 and explore why they stand out.
1. Bitcoin Minetrix – Stake-to-Mine Crypto Offering Staking Rewards and Bitcoin Mining Power, Recently Launched on Presale
At the top of our list for the top new cryptocurrencies is Bitcoin Minetrix ($BTCMTX). This unique new cryptocurrency is reducing the entry barrier for cloud mining cryptocurrencies.
Users who engage in cloud mining can often be subjected to scams by third-party corporations. Bitcoin Minetrix has come up with a solution by tokenizing cloud mining. This platform makes cloud mining transparent and decentralized by leveraging the $BTCMTX token.
By staking $BTCMTX, users can earn passive income and cloud mining credits, which are ERC-20 tokens. Since Bitcoin Minetrix is leveraging blockchain technology, the users will have control over their assets, making it a safe platform for all.
The cloud mining credits can be burnt on the ecosystem and converted into Bitcoin cloud mining power. This will be used to earn allocated mining time and a percentage of the mining revenue. Furthermore, Bitcoin Minetrix is also providing a live APY (Annual Percentage Yield) of more than 7,000% at the time of writing.
According to the Bitcoin Minetrix whitepaper, $BTCMTX has a total supply of 4 billion tokens. The new token presale is offering 2.8 billion tokens equally across ten rounds. For the first presale stage, Bitcoin Minetrix is priced at $0.011 per token. The token price will increase to $0.0119 by the final round.
In only a day since the presale launched, Bitcoin Minetrix has raised more than $106K. The platform has set a presale hard cap target of $32 million. Investors can get started by purchasing $10 worth of tokens through the presale.
Join the Bitcoin Minetrix Telegram channel to learn more about this cryptocurrency.
Tokens available in presale
USDT, ETH, BNB
2. Meme Kombat – High Quality ERC20 Presale Features Live Betting on Meme Combat, With Steady PoS Rewards
Meme Kombat ($MK) is a recently launched presale with an idea that could prove to be enormously popular amongst investors. This is a platform that allows for meme vs. meme combat, with a variety of betting options on the outcome, as well as 112% APY rewards.
In other words, it combines some of the most appealing elements of successful presales – memes, betting, and APY rewards. Meme tokens are known to have large online audiences that are quite zealous, and this project could see traffic from the armies of Doge or Shiba Inu investors.
The appeal of a single meme is enhanced through the possibility of fighting another meme, seeing which one is best, and betting on the outcome. There are a multitude of ways to bet on the outcome, such as P v P, P v Game, and Direct. Side bets are also possible, such as manner of victory, length of victory, etc.
Fights outcomes are processed on chain and random battle sequencing ensures fairness. The campaign also uses AI-rendered state-of-the-art visuals to enhance the combat, but still sticks to the original theme of iconic memes. Season One features 11 such memes – Floki, Pepe, Pepe 2 Shiba, Sponge, Wojack, DogeBaby Doge, Milady, Kishu, and Mong.
The founder of this project has revealed his identity, and this is something that is not frequently undertaken in these kinds of campaigns. Meme Kombat has also gone through a smart contract audit with no severe issues found, and none of the tokens have been allocated to a core team. So in terms of project transparency, this campaign scores top marks.
6 million tokens are available in the presale at a cost of $1.667 per token. The hard cap is $10 million and staking rewards accrue immediately. For further information on the tokenomics and wagering options, check out the Whitepaper.
This is our #1 presale at the current time, as the core idea to have memes face off against one another, with multiple betting options on the outcome, is a brilliant one.
We also like the levels of transparency associated with this project.
Tokens available in presale
USDT, ETH, BNB
3. Bitcoin BSC ($BTCBSC) – New Staking Token With An Affordable Entry And High APY, $120K Raised in One Day
Bitcoin BSC (BTCBSC) is a trending new Bitcoin clone that could explode, especially given the recent success of Bitcoin derivates in the market.
For instance, the positive market response for BTC20, another similar staking token on Ethereum, was seen when it surged by over 700% after listing on Uniswap.
Unlike Bitcoin’s energy-intensive Proof-of-Work system, BTCBSC leverages a more eco-friendly and economically sound Proof-of-Stake framework. Operating on the Binance Smart Chain, this token offers staking rewards every 10 minutes.
The token launched with a starting price of just under a dollar and an initial circulating supply of over six million tokens. Within two days of its launch, the platform raised over $120,000, showing strong community support.
Per the Bitcoin BSC whitepaper, BTCBSC shares similarities with Bitcoin regarding tokenomics. Both have a total token cap of 21 million.
Four million tokens are made available in the initial presale phase, with an extra 2.125 million held in reserve for oversubscription.
Meanwhile, the rest of the tokens, approx 14.455 million tokens, have been reserved for staking and are scheduled for release over the next 120 years, mirroring Bitcoin’s long-term distribution strategy.
What sets BTCBSC apart is its lucrative staking rewards. Stakeholders earn rewards proportionate to their holdings at an Annual Percentage Yield (APY) of over 3,000%.
While the high APY is attractive now, it’s likely to decrease as more users engage in staking; however, early investors benefit from compounding rewards.
By operating on the Binance Smart Chain, BTCBSC promises more rapid and cost-efficient transactions than Ethereum-based tokens.
The presale has set a hard cap of $3.96 million, potentially escalating to $6.125 million depending on demand. Potential investors can join the Bitcoin BSC Telegram channel for the latest updates.
Tokens available in presale
Binance Smart Chain
USDT, ETH, BNB
4. TG.Casino – Top ERC20 Presale Allows KYC Free Casino Access, Raises Over $200k in 5 Days
TG.Casino ($TGC) is a top quality Ethereum-based presale with a revolutionary new concept to allow Telegram-only access to a crypto casino, redefining an industry that has long been one-sided in terms of accessibility and rewards. This is a fully licensed provider with a comprehensive suite of offerings, operating from Curacao.
This means that all those who currently have a Telegram account can proceed to place bets on over 30 sports and hundreds of games. There is no KYC required and no need for downloading any software – if you have Telegram and some crypto, you can access this casino. This is important because many are fed up with the bureaucracy and red tape associated with account opening and username/password maintenance.
Unlike traditional casinos, a portion of profits is used to buy back and burn the $MK token, helping to increase the price of the token for all holders. It’s an equitable ecosystem where the tokens holder benefits alongside the casino, not at the expense of the casino. At present, the APY for this token is above 2,000%, though this figure is likely to be reduced as more people find out about this project and stake their coins.
Thus far, TG.Casino has raised an impressive $220,000 in just 5 days of its launch. It has a hard cap of $10 million, with 40 million tokens available at a price of $0.125. More information can be found through the dedicated Telegram and Twitter accounts.
We think this could be one of the best presales of 2023, if it gets going.
The traditional online gambling industry is huge, and this style of presale is poised to steal a large part of this market share.
In terms of accessibility, usability, and rewards, it is orders of magnitude more appealing than classical casinos.
Tokens available in presale
USDT, ETH, BNB
5. Launchpad XYZ ($LPX) – Decentralized Crypto Launchpad Offering Exclusive Early Access to New Tokens for $LPX Investors. Presale Ends in 4 Days After Raising $1.4 Million.
Launchpad XYZ is building a decentralized launchpad platform to help new crypto projects raise money and get off the ground. It’s essentially an incubator where promising projects can attract investors and set themselves up for success.
For investors, Launchpad XYZ offers a chance to get in early on the next generation of great crypto projects. Investors who stake Launchpad XYZ’s $LPX token get exclusive first-option access to invest in projects on the launchpad.
Launchpad XYZ is also building a powerful series of dashboards to help investors find the next big opportunities in crypto. The platform uses a proprietary Launchpad Quotient score to rank top projects and signal to investors whether a token is worth buying at a glance.
Launchpad XYZ will also include a trading terminal, educational resources for new crypto investors, and an AI bot to help investors beat the market.
Launchpad XYZ has sold more than $1.4 million worth of $LPX during its presale, which is now in its final days. Investors have just 4 days remaining to buy $LPX at presale prices. Look for this token to jump in value after launching on exchanges.
6. yPredict ($YPRED) – AI-Powered Crypto Trading Platform Offering Crypto Price Prediction Marketplace. Raised $3.6 Million and Presale is 80% Sold Out.
yPredict is a powerful crypto trading platform aimed at making it easier than ever for individual traders to beat the market.
The team behind yPredict consists of world-leading data scientists who are building custom AI tools to predict crypto prices. Instead of keeping these tools proprietary, yPredict is releasing them to analysts, quants, and data engineers to build their own custom prediction models.
Model builders can backtest their models using historical crypto price data, then share them in a marketplace with traders. Traders can pick and choose their favorite models and subscribe to them using yPredict’s $YPRED token.
This system is a win for everyone. Quants get paid for building accurate prediction models. Traders can beat the market. And the yPredict community receives a cut of marketplace revenue, which it can use to dole out rewards to investors who stake $YPRED.
yPredict is also offering a suite of other analysis tools to help crypto traders. The platform plans to roll out automated technical analysis, social sentiment analysis, and even its own trading terminal.
The project has raised nearly $3.6 million through its crypto presale, which has two stages remaining. It’s approximately 80% sold out, so investors need to hurry to lock in the lowest price for $YPRED and join this trading community.
7. Chimpzee ($CHMPZ) – Sustainable Crypto Project that’s Planted More Than 20,000 Trees and Raised $1.25 Million During its Presale.
Chimpzee is a green crypto project designed to generate big returns for investors while saving the planet at the same time. It’s the rare win-win that eco-conscious investors have been looking for.
Chimpzee’s model is built on giving back, both to its investors and the environment. The project includes a play-to-earn crypto game called Zero Tolerance, in which players work to stop poachers and loggers from destroying the rainforest. The more poachers and loggers players stop, the more $CHIMPZEE they earn.
Players can use their $CHIMPZEE to buy NFTs in the project’s custom marketplace or buy Chimpzee merch on a unique shop-to-earn platform. Part of the proceeds from every sale go towards environmental causes.
Chimpzee works with nonprofits like The Giving Block, OneTreePlanted, and Wild to do good in the world. The project has already helped plant more than 20,000 trees and given $15,000 to help save elephants.
Investors who stake $CHIMPZEE can look forward to 20% APY on their stake. Chimpzee has also burned 100 billion tokens worth more to come, pushing up the value of $CHIMPZEE.
So far, Chimpzee has raised $1.25 million during its ongoing presale. For a limited time, presale investors will earn 50% bonus $CHIMPZEE tokens on their investment in the project.
8. eTukTuk ($TUK) – 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.
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 tokenholders can also stake their coins to share in the revenue from charging stations. This is a great way to invest directly in increasing 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 $0.024. For a limited time, early investors can get a 40% discount on their total investment, which has the potential to nearly double their long-term returns after the token launches.
9. Scorpion Casino ($SCORP) – Online Casino and Sportsbook Offering up to 500% Bonus Tokens During Presale. Scorpion Casino has Raised Nearly $800k.
Scorpion Casino is a new online casino and sportsbook going head-to-head with competitors like BC.Game, Stake, and others. It stands out by offering an enormous variety of sports to wager on and casino games to try—more than 35 sports markets and 200+ casino games in all.
Scorpion Casino provides an outstanding experience for players. It supports live betting on sports and live dealer games in the casino. It’s available on both web and mobile to make gaming from anywhere as easy as possible.
For investors, there’s a lot to like about Scorpion Casino. The casino uses revenue from betting to buy back and burn $SCORP tokens, which ensures that the token is deflationary and keeps providing appreciation returns for investors. Investors can also stake $SCORP to earn passive income every day.
During the presale, early investors can get bonus $SCORP tokens on top of what they purchase. Investors who make large investments can get up to a 500% bonus—that’s 5 extra $SCORP tokens for every 1 an investor buys.
The project has raised more than $850,000 during its presale, which has a soft cap of $1 million. It’s more than 85% sold out, so investors need to hurry to get in on this exciting opportunity.
10. Wall Street Memes ($WSM) – New Meme Coin Making Fun of Wall Street’s Greed. Raised $26 Million on Presale Before Listing on OKX
Wall Street Memes is an incredibly popular new meme coin that’s taken the crypto world by storm. Through the successful presale, Wall Street Memes raised more than $26 million. On 26 September 2023, the $WSM token was listed on tier-one crypto exchanges such as OKX and Huobi.
Already, crypto influencers are predicting that the start of trading in $WSM could be historic. One influencer, Jacob Bury, has suggested that $WSM could be the next meme coin to 10x.
Considering all of this, we think Wall Street Memes is the best new cryptocurrency to invest in for 2023.
The project builds on the sentiment of the enormous r/WallStreetBets community, the same group that drove the market-stopping GameStop short squeeze in 2021. Wall Street Memes is all about bringing together traders through memes and making fun of the greed and recklessness of traditional finance.
The project has amassed more than 260,000 Twitter followers and has even turned Elon Musk into a fan. Musk has retweeted several memes created by Wall Street Memes, turbocharging the project’s popularity.
Wall Street Memes is 100% community-owned, meaning that the development team only makes money if early investors make money from $WSM. That significantly reduces the risk of a rug pull and helps reassure investors that Wall Street Memes is the real deal.
On top of that, the project team behind Wall Street Memes has a successful track record in the meme space. The same developers launched the Wall Street Bulls NFT collection in 2021, which sold out in just over 30 minutes. This is a team that knows how to build virality and how to deliver big gains for loyal investors.
This is a new crypto launch that investors simply can’t afford to miss.
11. Rizz Monkey ($RZZMNKY) – Meme Coin Featuring a Cute Monkey that Raised $55,000 Within Days of its Presale Launch.
Rizz Monkey is a fun and lighthearted meme coin project that’s sweeping the crypto community. It features an adorable monkey that has “rizz,” a hard-to-quantify characteristic that makes the monkey absolutely irresistible.
The joke behind Rizz Monkey is that it’s impossible to learn rizz—people simply need to have it. And the best way to do that, according to the project, is to buy $RZZMNKY tokens.
This meme coin has proven incredibly popular, raising more than $55,000 in $RZZMNKY sales within days of launching its presale. The presale has a hard cap of $2.17 million and only lasts for another 8 days, so investors have to get in quickly if they want to buy $RZZMNKY before it hits exchanges.
During the presale, investors can buy $RZZMNKY at a price of $0.000005637. The presale platform accepts Ethereum, Tether, BNB, and Bitcoin. The presale has made 55% of the total $RZZMNKY token supply available to investors, while the remainder is set aside for the development team, exchange liquidity, and marketing.
12. AlphaScan ($ASCN) – 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.
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 $ASCN launched, so investors still have a chance to buy this token before it shoots upward.
13. Lumishare ($LUMI) – 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’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 $LUMI rises, the floor price moves higher as well. This protects long-term investors from downside risk—something that almost no other crypto accomplishes.
14. Shares.finance ($SHARES) – 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.
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. $SHARES tokenholders also receive a portion of revenue from trading fees collected by the project.
15. Capital Rock ($CR) – 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.
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. $CR is down 72% since launch, so now is the perfect time to buy it at a discount.
16. Nchart ($CHART) – 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.
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 $2.6 million.
Considering the popularity of Nchart, there’s a lot of reason to believe this token will perform well in the months and years to come. It’s down 18% since launch, but that just looks like an opportunity for savvy investors to buy the dip.
17. Omniswap ($OMNI) – 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.
The $OMNI token is already trading on Pancakeswap and has a $6 million market cap. The token is down 60% since launching 3 days ago, but that shouldn’t scare away potential investors. The potential of this token lies in its long-term roadmap, and the development team is only beginning to execute on its vision.
18. Baby Shiba Inu ($BABYSHIB) – 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.
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.
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.
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.
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.
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.
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 the new Binance listings have well-defined roadmaps and project development plans.
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.
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.
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.
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.
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.
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 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.
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.
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.
These platforms help market the tokens they’re incubating and are typically the first exchanges where these coins list.
New cryptocurrency tokens offer the potential for significant price increases that many “blue chip” cryptocurrencies like Bitcoin no longer have. New launches can be explosive in nature and give investors a chance to get in early on industry-changing projects.
We believe investors would do well to invest in any of the top new cryptocurrencies we highlighted. We’re especially bullish on Bitcoin Minetrix, which is a stake-to-mine cryptocurrency platform offering tokenized cloud mining credits.
The presale has allocated 2.8 billion tokens – tallying to 70% of the overall 4 billion token supply.