14 New Cryptocurrency Launches to Invest in 2024

New cryptocurrency projects offer a much higher upside when compared to Bitcoin, Ethereum, and other large caps. Investing in new cryptocurrencies from the ground up means you’ll likely secure the lowest cost price. 

Newly launched projects typically have a small market capitalization, too – meaning they can grow much faster. The critical barrier for investors is knowing which new cryptocurrency to invest in. 

This guide reveals 14 newly founded projects that could generate significant returns for early investors. We also provide guidance on how to build a portfolio of new cryptocurrencies and what risk-management strategies should be considered.

This month we added Dogeverse and Slothana to our list and removed some older listings.

List of the Best New Cryptocurrencies to Buy Today

We’ll start with an overview of the best new cryptocurrencies to invest in today:

1. Dogeverse (DOGEVERSE): Hot new multi-chain meme coin, raised over $300k in first 24 hours.
2. Sealana (SEAL): New Solana-based meme cryptocurrency. $235K raised on presale.
3. WienerAI (WAI): Token combining the best of AI and memes to offer high staking APY raised $1M+.
4. Mega Dice Token (DICE): Popular GambleFi token with high staking rewards and a $2.25M airdrop.
5. 99Bitcoins (99BTC): Learn-to-earn platform offers over 19,000% staking APY during its presale.
6. 5th Scape (5SCAPE): A hyper-real virtual reality platform with games, e-learning, and digital experiences.
7. Sponge V2 (SPONGEV2): Upgraded meme token with stake-to-bridge model and new P2E game.
8. Smog (SMOG): Meme coin on Solana and Ethereum, offers free airdrops and Zealy quests for holders.
9. eTukTuk (TUK): Sustainable transport platform reducing emissions, presale raised over $1.4 million for eTukTuk network.
10. Arbitrum (ARB): Layer 2 solution offering scalability of up to 65,000 transactions per second, down 90% since launch.
11. Bypass (BYPASS): Telegram bot for anonymous crypto trading that bypasses traditional KYC processes.
12. Pepe (PEPE): Meme coin with no utility, up over 1,900% since March 2023, performing well in the bear market.
13. Verge (XVG): Crypto for day-to-day transactions, low-cost and fast transfers, launched on multiple operating systems.
14. Collateral Network (COLT): Allows borrowing against real-world assets and is tokenized into small units.

Introducing The Top 14 New Cryptocurrency Launches to Invest in

We’ll now evaluate the best new cryptocurrency releases for 2024. Read on to discover which projects could generate returns of 100x or more. 

1. Dogeverse (DOGEVERSE): Multi-Chain Meme Coin on Ethereum Raised Over $300,000 in First 24 Hours

With ‘Doge Day’ (20th April) just around the corner, the latest dog-themed meme coin set to take the market by storm is Dogeverse.

Our best new crypto to buy, Dogeverse is a multichain meme coin that has been designed specifically to operate on 6 major chains including Ethereum, Solana, and Base. This flexibility seamlessly allows token holders to trade and use the token across a variety of networks other than the minting chain (Ethereum).

The presale has already started (8th April), with 15% of the total token supply earmarked for early investors. Once the presale ends, the tokens will be distributed to those who were lucky enough to buy.

Getting your hands on the $DOGEVERSE token couldn’t be easier. Simply connect any leading wallet to the official website and select your network. For the purpose of the presale, only Ethereum, Binance Smart Chain, Avalanche, and Polygon are available. Once you have selected your network, use either ETH, BNB, or USDT to buy your tokens.

Given the current hype for all things Doge, the presale is expected to sell out and therefore, it pays to get in early. 

Token holders will also be able to stake to earn passive rewards. With 6088.28 tokens allocated for every ETH block processed, 20 billion tokens are available for staking. The staking rewards currently sit at over 1300% but this number will go down as time goes by. So to reap the highest rewards, participating early is recommended.

To learn more about the project be sure to visit the Dogeverse website and download the whitepaper. To keep up to date on all the latest news and product updates, you can follow the project on X and join the exclusive Telegram group.

Total Tokens	200 billion
Tokens Available in ICO	30 billion
Blockchain	Ethereum
Token type	ERC-20
Minimum Purchase	N/A
Purchase With	ETH, BNB, MATIC or USDT

5th Scape is a new crypto project which is pushing the boundaries of hyper realism in virtual reality gaming and digital experiences. The platform is introducing a suite of games, animations, interactive e-learning and digital experiences paired with its technologically advanced hardware products.

This new cryptocurrency launch is definitely one to invest in, currently in its presale stage, which is in the 1st phase of 12. Tokens are currently available in presale for $0.0187, with price increases happening at each stage. Contributors can obtain $5SCAPE tokens by swapping a number of cryptos including ETH, MATIC, USDT, BNB or via card payment with KYC.

The 5th Scape immersive realm pushes the boundaries of ultra realistic virtual reality and will initially introduce 5 games to its suite of products, including, Immersive Football, MMA, 3D Cricket, Archery Master and a realistic racing game. Players will be able to compete against other users in the 5th Scape universe, and also join forces on the same teams in games such as Cricket and Football.

The projects native $5SCAPE token will power the VR ecosystem and can be earnt, used to make purchases, staked or awarded for completing certain objectives. Players can use $5SCAPE tokens as an in-game currency to purchase upgrades, in-game items, character skins and to access exclusive content. Using $SCAPE tokens for purchases within the VR realm will also obtain a discount.

The project is currently in its early presale stages, still in phase 1, so contributors are able to get the most cheapest and optimum price when purchasing 5th Scape tokens. Contributors will also be able to stake tokens for passive annual reward yield and to assist in powering the 5th Scape network.

Total Tokens	5.211 Billion
Tokens Available in Presale	4.164 Billion
Blockchain	Ethereum Network
Token type	ERC-20
Minimum Purchase	N/A
Purchase With	ETH, MATIC, USDT, BNB, Credit Card (KYC Required)

7. Sponge V2 (SPONGEV2): Top New Crypto to Buy, 2nd Meme Coin Presale Through a Stake-to-Bridge Mechanism with Instant Variable APY

The Sponge meme coin hit the markets in May 2023, and early investors saw 100x gains as it pumped and its market cap went from less than $1m to almost $100m. Sponge saw lists on multiple big exchanges, including Gate, MEXC, Bitget, and Poloniex, a grew a strong and passionate community of 30,000 followers and 11.5k holders.

Now, with one eye on the future, the Sponge project is pivoting and adding play-to-earn gaming utility to its coin. To do this the team has created a stake-to-bridge contract, where SPONGEV1 holders can lock their tokens to receive an equivalent supply of $SPONGEV2, which is automatically staked to earn them a variable APY.

Users can also purchase SPONGEV1 in a presale—where the tokens are priced at the same market price as SPONGEV1 to ensure fairness. These purchased tokens are auto-locked and replaced with an equivalent supply of $SPONGEV2, automatically staked to earn them a variable APY.

Those who stake their SPONGEV1 or contribute to the presale will continue to receive staking rewards on their SPONGEV1 for the next 4 years, providing a long term incentive for people to partake in the presale.

The Sponge Race game is what will bring Sponge real utility, as the token of a play-to-earn game. Here, players use SPONGEV2 to purchase game credits and then earn $SPONGEV2 while playing. This utility is expected by many to help Sponge follow in the tracks of other 2023 meme coins, like $MEME and $MYRO, and get listed on Binance and other tier 1 exchanges.

Those interested should check out the Sponge whitepaper, Twitter, Discord, and Telegram.

Total Tokens	150 Billion
Tokens Available in Presale	17 Billion
Blockchain	Ethereum Network
Token Type	ERC-20
Minimum Purchase	No Minimum
Purchase With	USDT, ETH, Credit/Debit Card

8. Smog (SMOG): Hold-to-Earn Meme Coin with Free Airdrops and Zealy Quests

Smog is introducing a new mechanism for crypto holders, hold to earn free airdrops. The spitting Fire Dragon meme coin is available on Solana and Ethereum.

The total supply on Solana is 1.4B where 35% of the supply is allocated for the airdrops. With over $1M in liquidity on DEX at the time of this writing, close to 3,000 users are already participating in Zealy Sprint (a short-lived leaderboard).

source: Zealy

The Experience Points (XP) are earned when daily tasks are completed on Zealy. $SOMG can be purchased on SOL DEXs, Jupiter and Radiyum.

$SMOG on the ETH chain that was created via wormhole can be purchased directly on Smog’s official website using ETH or USDT. The bonus of buying $SMOG on the website is that they will be automatically staked for 90 days with 42% APY.

The rewards can be withdrawn throughout the staking lock period.

While $SMOTH on Ethereum can be purchased via Uniswap as well, Smog is celebrating the Year of the Dragon by offering a 10% discount on purchased tokens on their website.

Total Tokens	1.4 Billion (on SOL) and 10M (approx.) on ETH
Blockchain	Solana and Ethereum
Token Type	SPL and ERC-20
Minimum Purchase	No Minimum
Purchase With	USDT and ETH on the official website or via DEX

9. eTukTuk (TUK): AI-Powered Sustainable Transport System which Promotes Eco-Efficient TukTuk’s with Drive-to-Earn Mechanics & Staking Features

eTukTuk is another new cryptocurrency project which has sustainability at its core and is currently running its presale campaign. The project is still in its early presale stages, having raised over half a million dollars, the current price of 1 $TUK token is $0.026.

The platform is revolutionizing eco-friendly transport for everyday TukTuk drivers and users. It implements a charging grind infrastructure in cities in developing nations and assists TukTuk drivers to transition to more environmentally friendly vehicles for their transportation drop offs. The project also implements a real life play-to-earn game where drivers will be able to earn $TUK tokens for completing journeys.

The project’s native $TUK token will be central to the ecosystem and will have many functions and utility behind it. Firstly, by purchasing $TUK users will be able to stake their tokens to earn 350% annual rewards. Currently, users who participate in the presale can immediately stake. Later on, staked tokens will be able to earn a portion of the fees paid for charging vehicles at the charging grid points.

The token will also be used as a means of payment for the unbanked, and users will be able to swap tokens for electric charging power from the grid. Finally, $TUK can be earned by TukTuk drivers for conducting drop-offs and completing journeys. The project has innovatively applied play-to-earn mechanics to real-life activity.

The project currently has raised more than $500,000 and is currently in the early stages of its presale with the price of 1 $TUK being $0.026. The eTukTuk presale accepts anonymous purchases with USDT, BNB, and ETH. Credit cards are also accepted after completing a KYC check.

Total Tokens	2 Billion
Tokens Available in Presale	200 Million
Blockchain	Binance BNB Network
Token type	BEP-20
Minimum Purchase	N/A
Purchase With	USDT, BNB, ETH, Credit Card (KYC Required)

10. Arbitrum (ARB): High-Performance Layer 2 Solution for Ethereum Trading 90% Below its March 2023 Listing Price    

Although Abitrum was founded in 2018, ARB tokens were launched to the public in March 2023. Therefore, ARB is one of the newest cryptocurrencies to consider buying. This is especially the case based on current prices; ARB is trading 90% below its initial listing price. 

Arbitrum has developed a layer 2 solution for Ethereum projects, offering increased scalability, lower fees, and fastest transactions. In fact, the Arbitrum ecosystem – home to over 240 ERC20 tokens, can handle up to 65,000 transactions per second. 

Arbitrum is also energy efficient and can support smart contract integration. ARB tokens are required when paying transaction fees. This means demand for ARB will increase as more ERC20 projects join the Arbitrum ecosystem. 

Arbitrum currently has a market capitalization of $1.3 billion. This is just a small fraction of Polygon’s $6.4 billion valuation, which is Arbitrum’s main competitor. The prior bull market proved hugely successful for layer 2 solutions, so ARB offers great value at current prices. Therefore, it firmly makes our list of the best new crypto to buy.

11. Bypass (BYPASS): Trending Telegram Bot Token With 24-Hour Gains of 28% Offering KYC-Free Crypto Trading    

Bypass has developed a Telegram bot that connects to global liquidity providers. It enables users to buy and sell cryptocurrencies directly on the Telegram app. One of the main selling points is that Bypass does not have any KYC processes, meaning users can trade anonymously. 

However, this does come at a premium – Bypass charges a trading commission of 1%. This is built into the prices users see when setting up a trade. Bypass has a native ecosystem token, BYPASS, which was recently launched on Uniswap. Buy and sell transactions attract a 5% tax, which is used to fund the project. 

BYPASS has increased by 28% in the prior 24 hours. Its market capitalization is not currently published by data aggregation sites, meaning the circulating supply is unknown. That said, the total supply is 1 million BYPASS tokens, which are currently priced at $1.06. This means a fully diluted market capitalization of just over $1 million. 

12. Pepe (PEPE): One of the Best-Performing Meme Coins of 2023 With Gains of Over 1,900%    

Pepe is another new cryptocurrency that has already received a stamp of approval from the broader markets. Launched in April 2023, Pepe is nothing more than a meme coin. It doesn’t have any long-term objectives nor does its native token have any utility or use cases. Nonetheless, Pepe has generated growth of over 1,900% since its Q2 2023 launch. 

In fact, at one stage, Pepe was trading 7,000% above its initial listing price. This feat was achieved in just 17 days. Like many meme coins, Pepe relies on hype, FOMO, and speculation. Although we prefer projects with strong fundamentals, it’s notable that Pepe has performed so well in the midst of a bear market.

Therefore, it could grow by many more multiples once the next bull cycle arrives. In the meantime, investors can buy Pepe 73% below its all-time high. Furthermore, Pepe has a market capitalization of just $474 million.  This is just a small fraction of other popular meme coins, such as Shiba Inu and Dogecoin. 

13. Verge (XVG): New Payment Digital Currency With Native Apps and Desktop Software   

Verge is a newly launched cryptocurrency project that was developed for day-to-day transactions. Its native token, XVG, offers fast and low-cost transfers in a fully decentralized environment. In fact, its underlying technology is 100% open-source. 

This community-driven project is operated by volunteers and decisions are made by the XVG community. Verge has developed a native dashboard for multiple devices and operating systems. This includes a mobile app for iOS and Android, plus desktop software for Windows, Mac, and Linux.

The Verge software is required to send and receive XVG tokens. XVG was listed on crypto exchanges within the prior 24 hours. The project has a fully diluted market capitalization of just $3.9 million. Since they were launched, XVG tokens have increased by 26%. 

14. Collateral Network (COLT): Collateralize and Tokenize Real-World Assets to Access Financing    

Collateral Network has created a decentralized ecosystem that supports collateralized loans. More specifically, it enables users to tokenize real-world investments to access secured financing. 

For example, suppose a homeowner wants to take out a loan. Through Collateral Network, they can use their property as collateral, which is then tokenized into smaller units. Investors can fund a portion of the loan, using the tokenized real estate as security. Tokenized loans can also be traded on the Collateral Network, should lenders need access to liquidity. 

COLT is the native token backing Collateral Network, and it was launched on November 3, 2023. In less than a week of trading, COLT has increased by 152%. Further growth could be in line, considering its fully diluted market capitalization of just $23 million. 

Our Methodology When Ranking the Best New Cryptocurrency to Buy

It’s important to have a meticulous methodology when choosing the best new cryptocurrency to invest in. In this section, we discuss our own research methods when compiling our top 13 list of new cryptocurrencies. 

Project Niche and Long-Term Ambitions    

We covered many different niches when exploring new crypto projects to invest in. This ensures that our portfolio is well-diversified and positioned for the next big emerging trend. For example, during the prior bull market, gamification projects performed very well.

Several play-to-earn games went from small-cap startups to multi-billion dollar valuations, including Axie Infinity and Decentraland. 

In this niche, we like Sponge V2 – which is building a Play to Earn (P2E) game for Sponge token holders.

We also like Collateral Network from the real-world asset niche. This project enables users to collateralize assets like real estate and luxury watches, which can then be used to obtain financing. 

Blockchain-based gambling is another niche we are strong on. TG.Casino caught our eye, considering its newly launched gambling platform on the Telegram app. TG.Casino offers hundreds of casino games and there’s no requirement to open an account. Instead, users place bets via their Telegram username.  

There are many other niches worth considering. Investors should explore which niches are likely to explode in the coming months and years. Just make sure your portfolio is diversified across several new cryptocurrencies within each niche. 

Token Use Cases     

After you’ve established the long-term objectives of a project, the next step is to understand the use cases of its proprietary token. 

With the exception of Pepe – which is a meme coin pure-play, all of the tokens discussed today have solid utility. This means the token offers access to specific features within the respective ecosystem. 

• Arbitrum is a new cryptocurrency that has an identifiable use case. 
• ARB tokens are required when paying transaction fees on the Arbitrum network. 
• This is similar to needing BNB to transact on the Binance network, or BTC on Bitcoin.  

Although many popular cryptocurrencies have utility, not all do. For example, CNBC notes that meme coins like Pepe rely on hype and social media. Nonetheless, Pepe increased by 70x within 17 days of launching, showing that utility isn’t the only way to attract new buyers.  

Small Market Capitalization to Maximize Growth      

With the exception of Arbitrum, all of the new cryptocurrencies listed on this page are small-cap projects. This is purposeful, as small-cap cryptocurrencies offer the greatest upside potential. After all, it’s best to invest in a new project while it still has a small valuation. 

This is like investing in Tesla or Amazon when their shares first went public. Small-cap cryptocurrencies can grow much faster too. This is because they don’t need to attract as much buying pressure to increase in value. 

However, small-cap cryptocurrencies can also decline much faster than large-caps. This is why it’s also wise to have some large-cap projects in your portfolio. Although large caps offer more modest gains, they can reduce the overall portfolio risk.  

Transparent and Sustainable Tokenomics 

Our methodology also prefers new crypto coins with transparent and sustainable tokenomics. First, you’ll want to know how many tokens are being created by the new cryptocurrency project. You’ll also want to know whether the project can create additional tokens or if the supply is finite. 

• From an investment perspective, finite token supplies are favorable. 
• This prevents the project from continuously minting new tokens, which dilutes its value over time. 
• This is much the same as the Federal Reserve printing new US dollars, which amplifies inflation and reduces purchasing power. 

It’s also important to know what percentage of tokens are in circulation. If the majority of tokens are still held by the project, this can be risky. The key risk here is that the project could dump the tokens on the open market. This is a surefire way of the token capitulating in value. 

Another area to look at is whether the project has a burning mechanism. This means the developers frequently remove tokens from the circulating supply. However, this can have little impact if the burning program isn’t self-sufficient. 

This is why we like TG.Casino’s strategy, which is more synonymous with a share buyback scheme. 

• As explained in a Harvest Business Review paper, share repurchases increase a stock’s earnings per share without actually impacting earnings. 
• The paper states that circulating shares are reduced, which usually results in a stock price increase. 

The same concept is being developed by TG.Casino. This new cryptocurrency project will repurchase its own tokens from the open market. Repurchases are funded by operational profits – meaning the process is sustainable. TGC holders will benefit from this strategy, as the total supply of tokens is reduced over time. 

Community Size and Broader Market Hype

New cryptocurrencies that are able to attract a loyal community following can produce significant growth, even if they have questionable use cases. It’s for this reason that Shiba Inu – a self-proclaimed ‘Dogecoin Killer’, obtained a market capitalization of over $40 billion in under two years of launching. 

The concept is simple; the more people that are invested in a project, the more hype and FOMO this creates. It’s like a dominos effect, where people are afraid of missing out on the next big project, so they decide to invest themselves. 

• Dogecoin is another example of a cryptocurrency project with a strong following. 
• Although Dogecoin is 90% down from its all-time high, the project is still valued at over $10 billion. 
• Therefore, when searching for a new cryptocurrency to invest in, consider how much exposure it has in the broader market.

We also mentioned that Wall Street Memes raised over $25 million in presale funding. It already had a community of over 1 million people before the presale launched. This was a major factor in Wall Street Memes raising so much capital. 

You can also explore social media to see which projects are generating hype. If you come across the same new cryptocurrencies being discussed on Reddit or Twitter, this could be a good sign. Ultimately, you’ll want to get in on hyped cryptocurrencies before they become mainstream. 

Benefits of Investing in a New Crypto Launch

We’ll now explore why new cryptocurrencies can be a great addition to a well-balanced investment portfolio. 

Invest in a New Project From the Ground Up

There’s a reason why venture capitalists invest in startups – they typically secure the lowest valuation possible. Venture capitalists project long-term growth potential, meaning they can make significant returns if the startup becomes mainstream.

• This concept is not too dissimilar to new cryptocurrencies. 
• Put simply, you can invest in a new crypto project right from the get-go. 
• This means you’ll be able to invest at a significant discount when compared to its long-term potential. 
• After all, you’re taking a huge risk by investing in a new cryptocurrency project that is likely still a work in progress. 

Therefore, you should be incentivized with a favorable entry price. As the project meets its objectives and builds a loyal following, this will be reflected in its token price. 

For example, consider that BNB was trading at just $0.10 when it first launched in late 2017. Although BNB backs the world’s largest exchange – Binance was a new market entrant at the time. 

This means those buying BNB in 2017 took a major risk – nobody could have foreseen how successful the exchange would become. And investors were rewarded for their belief – BNB has since hit all-time highs of over $690. That’s almost 690,000% above BNB’s initial listing price.    

Explosive Price Growth

Investing in new cryptocurrencies is inherently risky, but the long-term potential is unprecedented. Should you invest in a newly launched project that archives a billion-dollar valuation, the returns could be life-changing. 

For example, in October 2021, Bloomberg reported that Shiba Inu had increased by over 40 million percent in the prior 12 months. As we mentioned earlier, Shiba Inu was created as a ‘Dogecoin Killer’. Nonetheless, had you bought just $10 worth of Shiba Inu when it first launched, you could have cashed out $4 million less than a year later.  

The Sandbox is another example of how new cryptocurrencies can generate explosive price growth in a short period of time. Launched in late 2020, the Sandbox was originally priced at just $0.066. Just 12 months later, the Sandbox hit all-time highs of $8.44. This translates to 12-month gains of over 12,000%. 

In more recent times, we mentioned that Pepe increased by over 7,000% in under three weeks of launching. There are many other examples of cryptocurrencies producing similar growth. However, there are even more instances of new cryptocurrencies that completely capitulate.

We can’t stress enough how important it is that you’re well-diversified. If you’re investing in new cryptocurrencies, make sure you consider at least 10 different projects. You might only need one investment to explode, even if it only represents a small percentage of your portfolio.  

Presale Campaigns Offer Preferential Pricing 

Presales are the stock IPOs of the cryptocurrency arena. They enable you to buy new cryptocurrencies before the tokens begin trading on exchanges. The presale process enables new projects to raise capital. 

This ensures the project has enough funding to operate and meet its long-term goals. The best crypto presales offer preferential pricing to early investors. After the presale is over and the tokens are listed on exchanges, they often increase in value. 

This is because pricing is based on demand and supply. In other words, investors missing the presale are willing to pay a higher price to invest. This is similar to IPO stocks increasing rapidly on the first day of trading. 

Most presales have very small minimum investment requirements. This is often just a few dollars, so you can diversify to reduce the risk. 

Risks to Consider When Searching for the Best New Crypto for 2024

New cryptocurrencies are a lot riskier than established projects like Bitcoin. Let’s take a much closer look at what risks need to be considered. 

Investing in Early-Stage Ideas

There’s a common trend with new crypto launches – you’re often investing in an ‘idea’ rather than a workable product or service. Sure, you can wait for the new project to achieve its roadmap targets before investing. 

But by this stage, its progress will already be built into its market value. This is why new cryptocurrencies often have a small market capitalization, as they’re only at the start of their journey.  

The key risk here is that the project never meets its objectives. There are thousands of ‘dead’ cryptocurrencies in the market. The project developers either lose interest or run out of working capital. Either way, once development comes to a halt, investors are left with worthless tokens. 

This is like investing in an off-plan property. You’ll get a significant discount for investing before development begins. But if the developer runs into financial issues, the property complex might never be finished. 

New Cryptocurrencies Often Trade on Decentralized Exchanges

New cryptocurrencies often begin life on decentralized exchanges (DEXs). This is because DEXs do not have an application process. Due to their decentralized framework, developers can list their new cryptocurrencies on a DEX at any time. 

Although this isn’t necessarily a drawback, DEXs can be intimidating for casual cryptocurrency investors. Moreover, DEXs cannot directly accept fiat money, meaning new investors will struggle to deposit funds. 

Broader Market Conditions 

Irrespective of the fundamentals, broader market conditions can impact the value of cryptocurrencies. This is why Bitcoin is still trading almost 50% below its 2021 all-time high. Therefore, you might need to hold onto your new cryptocurrency tokens for extended periods of time. 

During bearish cycles, there is less desire to invest in unproven projects, so do bear this in mind. That said, many cryptocurrencies have thrived during the current bear market, so there will always be exceptions to the rule.  

Scams and Hacks  

According to a recent FBI report, 2022 saw more than $2.57 billion worth of cryptocurrency-related fraud. This was up from $907 million in 2021. There are many different ways that cryptocurrency investors can be scammed. 

One way is through new cryptocurrencies that make bold promises but fail to deliver. As we mentioned, there are thousands of cryptocurrency projects that are no longer a going concern. You’ll be left holding worthless tokens if this happens to one of your investments. 

Some new cryptocurrencies set out to commit fraud from the get-go. They’ll raise funds from presale investors before vanishing. You’ll likely have no recourse, considering that many cryptocurrency presales are anonymous. 

And don’t forget about hacking attempts. Scammers are always on the hunt for private keys, which provide access to cryptocurrency wallets. Make sure you avoid sharing information about your investments – and never store your private keys online (e.g. on the cloud or saved on a laptop notepad). 

High Volatility

New cryptocurrencies are significantly more volatile than established projects. This is for various reasons. In many cases, new projects have little exposure, meaning they attract low liquidity levels. 

• Coupled with a small market capitalization; new cryptocurrencies witness rapid price swings. 
• Even a relatively small trade can move the cryptocurrency’s value by wide margins. 
• This can be great when prices are moving in your favor.
• Conversely, you should also be prepared for volatile price declines. 

If you don’t feel comfortable with extreme volatility, new cryptocurrencies might not be right for you. Instead, check out our guide on the best crypto to buy now, which includes established projects like Solana, Chainlink, and BNB. 

How to Find New Crypto Launches 

We’ve discussed best practices when researching a new cryptocurrency to invest in. This section provides insights into where you can find new crypto launches.  

Decentralized Exchanges 

We mentioned that new cryptocurrencies often trade on decentralized exchanges after launching. This ensures the project operates in live market conditions, meaning anyone can buy and sell its tokens. 

The most popular decentralized exchanges for new cryptocurrencies are Uniswap (ERC20) and Pancakeswap (BEP20). However, there are hundreds more. This includes everything from Sushiswap and QuickSwap to ApeX, 1inch, and the OKX DEX. 

Decentralized exchanges rarely have a page dedicated to new crypto listings. Fortunately, you can use a data aggregation platform like DexTools. Put simply, DexTools imports data from the majority of decentralized exchanges. 

Head over to its ‘Live New Pairs’ section and see what’s available. 

• Not only does DexTools list new cryptocurrencies by their listing time, but other key data. 
• This includes the total liquidity, trading volume, price action, and links to the project’s website and socials. 
• This enables you to perform due diligence on new listings before proceeding. 

DexTools offers lots of other useful features. This includes a list of the best and worst-performing cryptocurrencies in the previous 24 hours. You can also view which cryptocurrencies are receiving the most views and searches. 

CoinMarketCap New Listings 

Another way to find a new cryptocurrency to invest in is CoinMarketCap. Hover your mouse over ‘Cryptocurrencies’ toward the top of the homepage. Then, click on ‘Recently Added’. You’ll now see a list of new cryptocurrencies that have been added to CoinMarketCap. 

This displays the gains or losses made in the prior 1 and 24 hours. It also shows the market capitalization, trading volume, and the native blockchain network. You can click on a cryptocurrency to get additional information, including links to its website. 

In the event CoinMarketCap is down, the best alternative would be Coingecko. It provides similar rankings to CoinMarketCap including a ‘recently added’ section.

It’s also worth checking out the ‘Trending’ page on CoinMarketCap. Similar to ‘Hot Pairs’ on DexTools, this shows the most searched cryptocurrencies – many of which are new. For example, Memecoin is the most trending cryptocurrency right now, which was launched within the prior 24 hours. 

New Presale Launches   

One of the best ways to find the newest crypto coins is through presales or ICOs. Both terms are used interchangeably but refer to the same thing; fundraising campaigns run by new cryptocurrency projects. 

An increasing number of presales are launching every week, although finding them can be challenging. We’d suggest using a presale listing website like ICObench or ICO Drops. 

These platforms display upcoming presales, ensuring you’re ready to invest once they launch. After all, presales usually incentivize early investors with discounted prices. As the presale progresses, the price increases. 

Centralized Exchange Listings    

Some new cryptocurrencies are able to list on centralized exchanges from the very get-go. This could be for various reasons. For example, if the cryptocurrency is backed by an established company or it raised a significant amount during the presale campaign. 

• ApeCoin, for instance, was listed on most tier-one exchanges when it first launched in March 2022. 
• In addition to Binance, this includes KuCoin, Kraken, and Coinbase. For the latest new Coinbase listings be sure to read our insightful article.
• The reason for this is that ApeCoin was developed by Yuga Labs, which is also behind the Bored Ape Yacht Club (BAYC) NFT collection. 

Therefore, it’s worth checking out listing announcement pages from popular exchanges. For example, the Binance announcement page is the only official place to hear about new listings. You can also check out the KuCoin new listings page. 

Ultimately, if a brand-new cryptocurrency is being listed on an exchange like Binance or KuCoin, this is good news. These established exchanges have millions of daily active users. This means the new cryptocurrency project will benefit from huge exposure. 

Conclusion

In summary, new cryptocurrencies offer exposure to innovative projects that are just starting out. Investors should remember that many new crypto launches fail to deliver long-term, so there’s a chance you could lose all of your investment.  

We’d suggest diversifying across many different projects, covering both new and established cryptocurrencies. One of the best new cryptos is Dogeverse ($DOGEVERSE). It differentiates itself from other meme coins by offering multi-chain functionality. The presale features incremental price increases, and the total supply is capped at 200 billion tokens.

Visit Dogeverse

References 

• https://www.reuters.com/technology/cryptoverse-every-frog-has-its-day-pepe-pops-7000-2023-05-16/
• https://www.cnbc.com/2023/05/05/ether-rallies-more-than-6percent-as-meme-mania-reenters-the-crypto-market.html
• https://edition.cnn.com/2022/09/28/investing/fed-interest-rates-dollar-global-consequences/index.html
• https://hbr.org/2001/04/is-a-share-buyback-right-for-your-company
• https://www.cnbc.com/2021/11/01/whats-driving-surge-in-meme-cryptocurrencies-shiba-inu-and-dogecoin.html
• https://www.bloomberg.com/news/articles/2021-10-24/shiba-inu-jumps-50-to-record-becoming-11th-biggest-crypto-coin
• https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed
• https://www.barrons.com/market-data/cryptocurrencies/btcusd
• https://www.fbi.gov/contact-us/field-offices/springfield/news/internet-crime-complaint-center-releases-2022-statistics
• https://www.cnbc.com/2022/05/04/apecoin-token-surges-after-elon-musk-twitter-profile-change.html

FAQs

Which cryptocurrency is newly launched?

There is a new cryptocurrency launch almost every day. Some of the latest new crypto launches include Dogeverse and Sealana.

How to find new cryptocurrencies to buy?

The best way to find new cryptocurrencies includes CoinMarketCap (Recently Added), DexTools (Live New Pairs), and exchange listing announcements.

Which crypto will boom in 2024?

In addition to Bitcoin and Ethereum, new cryptocurrencies like Dogeverse and Sealana could boom in 2024. Just make sure your portfolio is well diversified.

Which crypto has 1000x potential?

Realistically, only new cryptocurrencies with small market capitalizations can produce gains of 1,000x or more. Consider new crypto presales like Dogeverse and Sealana.