What’s the best new crypto in 2024?

As a seasoned crypto investor with several years of experience under my belt, I understand the excitement and allure of chasing new cryptos with high growth potential. However, I also recognize the importance of conducting thorough research and due diligence before making any investment decisions. In this article, I will be sharing insights on seven promising new cryptos that have emerged in 2024 and could potentially outperform in the coming months and years.

As a savvy crypto investor, I’m constantly on the lookout for promising new projects that could yield significant returns. But with so many options out there, how do we filter out the diamonds from the rough? In this article, let’s delve into some up-and-coming crypto coins with the potential to shine in the near future.

Top 7 new cryptos in 2024

Let’s take a look at some of the top-performing cryptos that have been launched since 2023.

1. Popcat (POPCAT)

As a meme coin with a feline theme, Popcat has distinguished itself among the numerous other projects in this space. Over the past month, I’ve observed impressive price growth amounting to 22%. This noteworthy surge has earned Popcat a spot on my current list of intriguing projects.

It’s worth noting that POPCAT tokens do not have any real utility to speak of and the project is purely for entertainment and/or the potential of speculative gain.

2. Notcoin (NOT)

As a crypto investor, I’m excited about the potential of Notcoin, a fresh and innovative cryptocurrency that emerged this year. Notcoin offers a unique blend of functionality and enjoyment through its tap-to-earn game, which is conveniently hosted on the TON network.

Launched in May 2024, Notcoin experienced a significant surge of 56%, largely due to the project’s listing on Binance. This development brought essential liquidity to the fledgling cryptocurrency.

3. Celestia (TIA)

Celestia is a versatile blockchain platform designed to tackle scalability and interoperability challenges within the industry. Comprised of distinct, specialized layers, this project enables the seamless connection of various blockchains. It offers benefits such as simplified dApp development with streamlined data management.

Over the past year, the native cryptocurrency of Celestia, referred to as TIA, has experienced a significant surge, increasing by an impressive 178%. Despite a recent decline in its value, this gain remains noteworthy.

4. MANTRA (OM)

Mantra is a blockchain platform built on L1 technology, featuring a Decentralized Autonomous Organization (DAO) as an integral part. This DAO facilitates the operation of various functions such as lending and borrowing services, governance, and yield farming.

The value of MANTRA’s OM coin has surged by an astounding 3,590% in the past year, reflecting strong market faith and optimism.

Through merging MANTRA’s secure Real World Assets (RWA)-centric blockchain with MAG’s strong foothold in the UAE real estate sector, our objective is to maximize the capabilities of RWA compliance in the Middle Eastern market and beyond.

As a cryptocurrency analyst, I’ve noticed a compelling use case and robust price growth for Omniscape (OM). However, it’s crucial to keep in mind that such substantial increases could potentially lead to a market correction for this cryptocurrency.

Despite this, it stays included among the fresh crop of cryptocurrencies that could significantly increase in value for numerous investors scouring the market currently.

5. H20 DAO

A new addition to the DAO list is a project that debuted in 2022. Although not entirely fresh, it has remained relatively quiet until recently. In the past few weeks, its H20 coin has experienced a significant surge, leading to a price increase of approximately 60%. Consequently, this project warrants recognition on our list.

The cost increase is a result of the project shifting its focus to become a decentralized autonomous organization (DAO) for social media enthusiasts, with H20 coins serving as the means for exchanging data within the network.

6. Hoppy (HOPPY)

A nearly extinct meme coin from 2023, named HOPPY, which features a frog theme and lacks practical use, experienced a surprising resurgence. The project seemed close to being forgotten until the previous month brought about a remarkable turnaround, causing a significant jump of approximately 160% in the value of its native HOPPY token.

As a researcher studying the cryptocurrency market, I would caution that this coin, with minimal social media presence, comes with an elevated level of risk, especially within the realm of meme coins.

7. Billy (BILLY)

I’ve identified another coins with impressive gains recently. This coin goes by the name Billy, and it has experienced a price surge of approximately 140% over the past week. Launched in 2022, Billy operates in the meme coin market segment. Lately, we’ve observed a noticeable increase in its trading volume. However, the underlying cause behind this rise remains unclear at present.

As an analyst, I’ve observed that the Solana-based project, which initially seemed to be community-led following the developer’s sudden departure and sale of their tokens shortly after launch, netting approximately $1,000 in the process, has remarkably grown. Currently, its market capitalization surpasses $100 million.

Best new crypto to invest in: What’s the hottest new crypto?

As a dedicated researcher of the cryptocurrency market, I’ve noticed that OneMeet (OM) has emerged as a strong contender for crypto enthusiasts, with impressive gains over the past week. In our latest and current Chart of the Week series, our markets analyst delved deep into the price trajectory of OM to provide valuable insights.

As a seasoned crypto investor, I can attest that assessing the merit of new digital currencies comes with its own set of challenges. The absence of an established track record for these up-and-coming tokens makes it difficult to evaluate their worth. Additionally, a newer coin’s team may lack experience in the industry, and there might be no price history available to observe trends or make informed predictions based on past performance.

As an analyst, I’d advise approaching new cryptocurrencies with caution despite their innovative technologies or unique use cases that could potentially capture a larger market share. Thorough investigation and comprehensive research are essential prior to making any investment decisions.

To effectively evaluate a project, it’s important to take several steps. First, read through the project’s white paper carefully to understand its goals, features, and technical details. Next, consider the reputation of the team behind the project. Are they experienced and trustworthy in the field? It’s also crucial to keep an eye on project social media accounts for any suspicious or misleading activity. Lastly, examine the proposed use cases and pricing structure to determine if they align with market trends and offer value to potential users.

Any upcoming partnerships or endorsements attached to the project are also worth taking a look at.

Risk management for finding top new coins

As a researcher studying the investment landscape, I would advise caution when it comes to newly introduced coins due to their inherent risks. However, I strongly believe that well-researched projects with promising potential can bring significant returns for early investors. To minimize possible losses, it’s essential to diversify your portfolio by investing in a variety of assets. Keeping track of market tendencies and seeking expert opinions, as provided through our Chart of the Week series, can offer valuable insights into these prospective opportunities.

In the end, the optimal new cryptocurrency for purchase depends on your individual risk management approach. Prudent traders and investors establish target profits and losses, as well as exit strategies, prior to investing. Subsequently, they construct a tailored portfolio in accordance with their objectives and requirements.

You can read more about risk management below.

FAQs

How do I find the best new crypto?

When evaluating cryptocurrencies, consider the following factors for a more comprehensive analysis:

What’s the next crypto that will explode?

It’s uncertain which cryptocurrency will experience a significant surge next. Prudent traders adopt intricate and structured risk management strategies to prevent overexposure and minimize potential losses while seeking new investment opportunities in the crypto space. This approach safeguards their capital, allowing it to withstand setbacks and increases the likelihood of discovering successful projects over an extended period.

2024-07-08 22:21