12 Best Crypto ICOs to Invest in 2024 – Top ICO Crypto List
An initial coin offering, or ICO, is a popular way for crypto projects to generate publicity and raise capital. Much like crowdfunding, ICOs allow the community to have a tangible impact on a project’s growth – while also providing scope for investors to realize substantial returns in the future.
However, with thousands of crypto ICOs launching every month, it can be difficult to pick out the best quality ones with the highest chance of success. That’s why we have done the research for you to help separate the good from the bad.
This page highlights the best crypto ICOs currently ongoing and is the result of our in-depth research covering the following data points: amount raised, sellout speed, post-launch sell pressure, social media followings, pricing structure and probability of hitting the hard cap.
Best Crypto ICOs in 2024
- The Pepe meme gets its own Ethereum Layer-2 chain
- Stake $PEPU to earn double the staking rewards through Layer-2 technology
- Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
- ETH
- bnb
- usdt
- +1 more
- Meme coin project bringing together every top meme coin in the world.
- Features a revolutionary staking contract that allows all top meme coins to be staked on one singular platform.
- Stake $STARS for big rewards and claim your tokens at the end of the presale phase.
- ETH
- usdt
- Bank Card
- +1 more
- First-of-its-kind Vote-To-Earn DAO, giving holders the power to control the destiny of the project.
- Early adopters of this meme coin earn massive rewards for buying and staking their tokens during presale.
- 25% of supply reserved for staking $FLOCK tokens and watching rewards hatch.
- ETH
- usdt
- Bank Card
- +1 more
- A brand new play-to-earn casino that allows wagering with meme coins
- Exclusive rewards such as airdrops, bonuses and loot boxes for token holders
- A selection of thousands of crypto games to play, including a sportsbook
- ETH
- usdt
- Bank Card
- +2 more
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- New token that aims to revolutionise how digital currencies are used in everyday commerce.
- $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
- Loyalty incentives, airdrops, and participation rewards for community members.
- bnb
- usdt
- Bank Card
- +5 more
- New meme coin offering an immersive Wild West crypto experience with high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 2,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
- ETH
- usdt
- bnb
- +1 more
- Forecast the outcomes of Formula One races and compete with fans worldwide for a spot on the leaderboard.
- Use $BDJ tokens to participate in prediction markets, stake for additional rewards, or hold for potential future value appreciation.
- Buy and stake $BDJ to earn up to 6,811% in passive income rewards.
- ETH
- bnb
- usdt
- +1 more
- Latest crypto ecosystem designed to power all upcoming dApps.
- With no gas fees, lightning-fast transactions, crypto staking options and more, JetBolt is one to watch.
- Buy and stake JBOLT tokens to earn rewards.
- Bank Card
- ETH
- Bitcoin
- +2 more
The Best ICO Crypto to Invest in Right Now
Listed below are some of the best ICO cryptos available to investors, derived through in-depth research and analysis. We’ll discuss the top ICO list in the following section, providing the information needed to make an informed investment decision.
- Pepe Unchained (PEPU) – Overall best L2 meme token offers dynamic staking rewards.
- Crypto All-Stars (STARS) – New platform with a staking contract allowing you to stake your favorite meme coin.
- Flockerz (FLOCK) – Rising Ethereum-based meme coin with vote-to-earn rewards
- Memebet Token (MEMEBET) – The next big GambleFi token that supports betting with meme coins.
- Sponge V2 (SPONGEV2) – Successor to the 100x $SPONGE meme coin, offers high staking rewards. P2E game in development
- SpacePay (SPY) – ERC-20 token supports crypto payments at retail locations. Get monthly airdrops.
- Shiba Shootout (SHIBASHOOT) – ICO crypto offering lucrative staking rewards.
- Race to a Billion (BDJ) – Predict Formula 1 outcomes and earn rewards, 3,618% staking APY.
- BitNance Token (BTN) – A fully decentralized token with low fees on Binance Smart Chain.
- Lingo (LINGO) – Leading crypto ICO featuring real-world rewards.
- Arkenstone (ARKN) – Popular ICO lowering the technical barrier of token creation.
- JetBolt ($JBOLT) – An innovative zero-gas fee token built for next-gen crypto applications.
The Best ICO Crypto Projects Reviewed
Investing in an ICO can be risky, given that the project in question will still be in its infancy and is not yet established. However, those with a higher risk tolerance level can benefit from improved ROI potential. The two often go hand in hand.
With that in mind, let’s take a closer look at the best crypto ICOs listed above, exploring why they are so sought-after:
1. Pepe Unchained ($PEPU) – Best Meme Coin ICO; Ethereum L2 Chain for $PEPE
Pepe Unchained is a new cryptocurrency that combines meme appeal with real-world utility. It has already raised over $19.4 million in its presale phase, showing strong investor interest. Unlike its predecessor $PEPE, $PEPU offers high staking rewards, fast transactions, and low gas fees. These features make it one of the best crypto ICOs to buy right now.
Currently priced at 0.00998, $PEPU is predicted to reach $0.5572 by the end of 2024, potentially generating over 5,600% gains for early adopters. The project aims to build an entire ecosystem around the token, including a potential NFT marketplace and Play-to-Earn games.
The ongoing presale and future developments could significantly impact $PEPU’s value, making it a promising investment. To stay updated, read the Pepe Unchained whitepaper, follow $PEPU on X, and join its Telegram channel.
ICO Started | June 2024 |
Chain | Pepe Unchained (Ethereum L2) |
Current Price | $0.00998 |
Raised So Far | $19.4 million |
Hard Cap | $70 million |
2. Crypto All-Stars ($STARS) – Exciting New Meme Coin Staking Platform With Generous APY
Crypto All-Stars could be one of the best ICOs to invest in this year as it brings all popular meme coins under one staking contract called the MemeVault. Users can stake Dogecoin, Bonk, Brett, Shiba Inu, and many others to earn $STARS tokens.
Those who already hold $STARS will get 3x of the rewards. Because of that, it could be prudent to buy $STARS while the token is sold at a discounted price of $0.0015007 and enjoy generous rewards once the MemeVault goes live.
On top of that, investors who decide to stake their $STARS get to earn a generous APY of 652% during the presale. This dynamic APY will drop as more tokens are staked, giving the biggest yields to those who stake early.
Check out the Crypto All-Stars whitepaper to learn more about the project. Also, follow Crypto All-Stars on X and join their Telegram channel to stay up to date.
ICO Started | Aug 2024 |
Chain | Ethereum |
Current Price | $0.0015007 |
Raised So Far | $2.28 million |
Hard Cap | N/A |
3. Flockerz ($FLOCK) – Upcoming Vote-to-Earn Meme Coin with Huge Staking APY
Another trending crypto ICO, Flockerz, has gotten significant traction as the first-of-its-kind crypto platform to offer vote-to-earn staking rewards. The revolutionary meme coin project, powered by its native token $FLOCK, aims to empower community members by letting them vote for the project’s future.
Flockerz quickly raised more than $167K through a highly successful presale in just a matter of days. Early supporters can purchase $FLOCK during this period, with the coin starting at $0.00555 per token. It’s available for purchase with ETH, BNB, USDT, or via credit card.
The meme coin rewards presale buyers with over 59,000% APY in staking rewards, a rate that may decrease as more supporters flock to invest in the project. For more information, see the Flockerz whitepaper and join the Telegram channel for the latest updates.
ICO Started | September 2024 |
Chain | Ethereum |
Current Price | $0.0057699 |
Raised So Far | $686,000 |
Hard Cap | N/D |
4. Memebet Token ($MEMEBET) – The Next Big GambleFi Token that Supports Betting with Meme Coins
Memebet Token ($MEMEBET) is next on our list of top ICOs in 2024. It’s native to Memebet Casino, a unique platform designed specifically for meme coin enthusiasts. With over 12 million tokens sold in its presale phase, the project has already attracted huge interest from the crypto community. Memebet Casino offers a range of games where users can wager with popular meme coins like $PEPE and $DOGE.
Early buyers can get each $MEMBET for just $0.0258 at press time. $MEMEBET token holders will get exclusive benefits, including Play-to-Earn rewards, special airdrops, and access to VIP degen groups.
The project is well-positioned to capitalize on both the growing meme coin and online gambling sectors, which could drive its price higher as more features roll out. To stay updated, follow Memebet Casino on X (formerly Twitter) and join their Telegram channel.
ICO Started | September 2024 |
Chain | Ethereum |
Current Price | $0.0258 |
Raised So Far | $458,000 |
Hard Cap | – |
5. Sponge V2 ($SPONGEV2) – Capitalizing on Meme Coin Craze with Staking & Play-to-Earn
Sponge V2 is a new cryptocurrency building on the success of its predecessor, the $SPONGE meme coin. Launched in May 2023, $SPONGE rode a wave of popularity inspired by the iconic cartoon character SpongeBob SquarePants (though not officially affiliated).
Now, Sponge V2 aims to capitalize on the existing community and attract new investors by offering a unique play-to-earn game and impressive staking rewards. Investors can stake their $SPONGEV2 tokens to earn up to 29% APY, creating a cycle of increased staking and upward price pressure. Currently, $SPONGEV2 is priced at $0.0000209518 per token.
Additionally, Sponge V2 has announced the launch of a play-to-earn game that allows users to win $SPONGEV2 by playing. This free-to-play (with earnable rewards for paid users) model has the potential to expand the Sponge V2 community significantly. Check out the Sponge V2 whitepaper, and join the Telegram channel to learn more.
ICO Started | No ICO |
Chain | Polygon |
Current Price | $0.0000209518 |
Raised So Far | $304,000 |
Hard Cap |
N/D |
6. SpacePay ($SPY) – Decentralized Token Offers Voting Rights and Monthly Airdrops
SpacePay is a decentralized protocol revolutionizing retail payments with cryptocurrency acceptance. Through its native token, $SPY, you can access monthly airdrops, voting rights, and exclusive webinars with the management team, making it one of the best crypto ICOs to buy.
SpacePay’s protocol ensures instant, straightforward crypto payments, compatible with over 325 wallets. This allows customers to pay with crypto while merchants receive funds in local currency. $SPY, an ERC-20 token, drives user engagement by offering monthly airdrop rewards to active users.
With a total supply of 34 billion tokens, 6.8 billion are allocated for the ongoing ICO, following a successful private sale that raised $750,000. To learn more about SpacePay, read the whitepaper and join its Telegram channel for updates and community discussions.
ICO Started | June 2024 |
Chain | Ethereum |
Current Price | $0.00191 |
Raised So Far | $429,000 |
Hard Cap | N/D |
7. Shiba Shootout ($SHIBASHOOT) – Crypto ICO Offering Lucrative Staking Rewards
Shiba Shootout is one of the hottest crypto ICOs to invest in, setting itself apart from other meme coins. Inspired by a Wild-West theme, it combines creativity, competition, and camaraderie for unique user experiences. This engaging approach and strong community focus make Shiba Shootout a standout investment.
The project features community engagement and rewarding mechanisms. One key feature is the “Savings Saddlebag,” where users can save their holdings in a dedicated wallet to earn more tokens. Another feature, “Posse Rewards,” is a referral program that rewards users with additional Shiba Shootout tokens for inviting friends to join the community.
Shiba Shootout also offers a lucrative staking mechanism, providing high APY to reward early participation. The ICO has raised over $1.20 million, reflecting strong investor trust and optimism. For more details, check out the Shiba Shootout whitepaper, follow $SHIBASHOOT on X, join the Telegram channel, and read our Shiba Shootout presale guide.
ICO Started | May 2024 |
Chain | Ethereum |
Current Price | $0.0207 |
Raised So Far | $1.20 million |
Hard Cap | $10 million (estimate) |
8. Race to a Billion ($BDJ) – Predict Formula 1 Outcomes to Earn Rewards
One of the best crypto ICOs to invest in this year is undoubtedly Race to a Billion. This exciting new project brings fun and engagement in predicting Formula 1 racing outcomes. All you need to participate is the $BDJ token, and you’re all set.
Those with high accuracy scores will be eligible to earn the end-of-season jackpot. All of this is stored on-chain, making it provably fair. With a simple block explorer, everyone can check the transactions and ensure their fairness. The Race to a Billion crypto project is now in a presale phase, allowing early investors to buy the $BDJ token at a discounted price.
Moreover, early investors get to earn a 3,618% staking APY. This is a dynamic APY that will drop as more tokens are staked, making it wise to stake early on. Follow Race to a Billion on X and join their Telegram group to get the latest project updates.
ICO Started | July 2024 |
Chain | Ethereum |
Current Price | $0.00805 |
Raised So Far | $185,000 |
Hard Cap | N/D |
9. BitNance Token ($BTN) – A Decentralized Token with Low Fees on the Binance Smart Chain
BitNance Token is a standout crypto ICO set for 2024, designed as a modern store of value on the Binance Smart Chain. Its presale offers $BTN at an attractive entry price of $0.36, making it an opportune investment.
$BTN operates on the Binance Smart Chain, ensuring low fees and enhanced security, crucial for avoiding centralized control and reducing transaction costs. For example, $BTN’s transaction fees are approximately $3.70, significantly lower than Bitcoin’s $39. This affordability makes $BTN appealing for frequent transactions.
BitNance has capped $BTN’s supply at 10.5 million tokens to foster value growth over time. The platform is also expanding into various Web3 products and partnerships to boost its market presence. To stay updated and engage directly, follow BitNance on X and join the Telegram channel.
ICO Started | June 2024 |
Chain | Binance Smart Chain |
Current Price | $0.36 |
Raised So Far | $33,000 |
Hard Cap | N/D |
10. Lingo ($LINGO) – Leading Crypto ICO Featuring Real-World Rewards
Lingo stands out as this year’s top ICO with its groundbreaking RWA rewards system, seamlessly merging the digital and physical realms to offer real-world rewards. This revolutionary concept was developed by seasoned crypto and tech experts, including former executives from global leaders such as Google, Microsoft, and Binance. Together, they’ve crafted a project to reshape global economic dynamics in favor of everyday people.
At the heart of the project is the $LINGO token, which investors can exchange for Fizen gift cards. These cards can then be used to unlock rewards from an extensive network of over 3,000 brands and more than 100,000 hotels worldwide. The Lingo ecosystem itself fuels these yields, providing a robust avenue for gains independent of market fluctuations.
Developed as an ERC-20 asset on the Polygon Layer 2 blockchain, $LINGO will also be deployed on the Solana and Base chains, enhancing its utility across multiple platforms. While the full range of benefits will be unveiled during the presale, the anticipation is already high, with over 700,000 potential investors on the waiting list. Those interested in this innovative venture should follow Lingo’s Twitter for the latest updates and the imminent presale announcement.
ICO Started | Upcoming |
Chain | Solana and Base |
Current Price | N/A |
Raised So Far | N/A |
Hard Cap | N/A |
11. Arkenstone ($ARKN) – Popular ICO Lowering the Technical Barrier of Token Creation
Arkenstone is an audited project designed to simplify blockchain participation for aspiring developers. Its core feature, the GemLaunch Suite, is a Web3 application that enables easy token creation and management, making it one of the best crypto ICOs to buy. This user-friendly interface removes coding barriers, appealing to both seasoned crypto enthusiasts and new investors.
Arkenstone offers significant incentives for early adopters. Investors receive exclusive NFTs, adding intrinsic value to their holdings. The platform also includes a SOL ATM, allowing you to seamlessly convert other cryptocurrencies into Solana (SOL) and then into ARKN tokens, streamlining the investment process.
Featured across various crypto platforms, Arkenstone’s rising demand showcases its potential for significant growth. Its unique features, strong security commitment, and user satisfaction position it as a leading ICO. For more information, read the whitepaper, follow the Arkenstone on X, and join its Telegram channel.
ICO Started | May 2024 |
Chain | Solana |
Current Price | $0.048585 |
Raised So Far | N/D |
Hard Cap | N/D |
12. JetBolt ($JBOLT): An Innovative Zero-Gas Fee Token Built for Next-Gen Crypto Applications
JetBolt ($JBOLT) is an ambitious new crypto project that wants to power the next generation of crypto apps with no gas fees, instant transfers, and simple integration. It leverages the Skale Network, giving users and developers in the Web3 space a unique benefit.
This new platform combines a zero-fee token with a non-custodial web wallet (that doesn’t hold your coins). It does this by using WebAuthN to control keys securely on the client side. JetBolt’s method is meant to make it easier for Web2 users to get started while giving Web3 developers powerful tools.
Some important features include:
- Zero gas fees and instant transactions
- Non-custodial web wallet with WebAuthN integration
- Proof of Attendance and Worth (PAW) staking mechanism
- Easy integration for developers
During the ongoing presale, early buyers can get $JBOLT for around $0.01 per token at the time of writing. You can follow JetBolt on X (Twitter) and join its Telegram channel for the latest updates.
ICO Started | August 2024 |
Chain | Skale Network |
Current Price | $0.01 |
Raised So Far | – |
Hard Cap | N/D |
What Is a Crypto ICO?
A crypto Initial Coin Offering (ICO) is a fundraising method for blockchain projects, similar to a stock exchange IPO. During an ICO, a project sells tokens at a discounted price to raise funds and build a community before launch.
For example, Ethereum’s ICO in 2014 sold ETH tokens for just $0.31 each; Ethereum tokens are now worth over $2,628.10.
ICOs are unregulated, posing higher risks, and require investors to perform thorough due diligence. Success is not guaranteed, though the potential returns can be substantial for risk-seeking investors.
The History of ICOs
Ethereum marked the first major success in ICO history by raising $16 million in 2014, catalyzing the growth of decentralized finance (DeFi) and decentralized applications (dApps).
However, by 2017, the ICO landscape shifted dramatically due to numerous scams, leading to only a fraction of ICOs achieving significant liquidity on centralized exchanges.
This prompted a regulatory crackdown, notably from the U.S. Securities and Exchange Commission (SEC), which scrutinized these offerings for potential securities violations.
As a result, Web3 fundraising has diversified into safer and more regulated forms to accommodate the evolving complexity of the ecosystem, including:
- Security Token Offerings (STOs)
- Initial Exchange Offerings (IEOs)
- Initial DEX Offerings (IDOs)
Methodology: How We Ranked the Best ICOs
Our team follows a methodical approach to rank the most promising ICOs. This section outlines the criteria and respective weights used in our evaluation.
Fastest Selling ICOs (25%)
Fast selling ICOs reflect market enthusiasm and investor confidence. Selling quick often signals strong community support and a high demand for the token. We analyzed the speed at which ICOs are reaching or have reached their funding goals (soft cap and hard cap). This metric helps identify ICOs that attract attention and likely maintain momentum post-launch.
Best Entry Price (25%)
We assessed ICOs by comparing their launch prices to projected market values and historical performance of similar tokens. A lower entry price can significantly enhance potential returns, making it a crucial factor for investors seeking value.
Widespread Media Coverage (25%)
We analyzed the extent and nature of media attention each ICO received across major financial and crypto-specific news platforms. High-quality coverage from reputable sources tends to indicate a project’s legitimacy and broader interest, potentially leading to a more robust investor base. This metric helps differentiate ICOs with significant exposure and trust from those with limited or negative publicity.
Compelling Use Cases (15%)
We evaluated each ICO by examining the practicality and innovation of their proposed solutions to current market needs. ICOs that address genuine problems with effective, innovative solutions are more likely to succeed and provide value to investors.
Audited Tokenomics (10%)
We assessed ICOs by verifying if their tokenomics had been reviewed and validated by reputable third-party auditors. An audited token model provides transparency, reduces the risk of manipulation, and builds investor trust. This criterion distinguishes ICOs with well-structured economic foundations from those that may pose higher risks due to unchecked or flawed token distribution strategies.
How Do Initial Coin Offerings Work?
Initial Coin Offerings are timed fundraising events set by a project’s team who determine both the start date and the fundraising goals. These events typically feature a soft cap, indicating the minimum funds desired, and a hard cap, the maximum allowed.
To participate, investors visit the project’s website, where the token price and accepted currencies (often ETH or BNB) are listed. Investors send funds to a provided wallet address and then receive ICO tokens in return to their own wallets. Buying ICO tokens requires owning a crypto wallet and some digital currency beforehand.
How to Find the Best ICO Cryptos
Finding the best ICO cryptos requires thorough research. Key indicators of a promising ICO include:
- A transparent and verifiable development team (though some meme projects may have anonymous developers)
- A clear roadmap and whitepaper
- An active social media presence
However, always verify social engagement to ensure it’s genuine and not inflated by bots or spam accounts. Conducting detailed research is essential before investing to distinguish potentially successful projects from less viable ones.
Below, we’ll go over three ways to find and vet new crypto ICOs worth investing in.
1. Take Advantage of Social Media
Using social media is a vital strategy to discover and assess crypto ICOs:
- X: Follow key influencers, founders, blockchain projects, and Cryptonews for the latest announcements and discussions. Use hashtags like #ICO, #CryptoICO, and #TokenSale to find posts related to new ICOs. Watch for genuine engagement and beware of accounts that might use bots to inflate interaction numbers.
- Reddit: Join subreddits like /r/CryptocurrencyICO, r/ICO, and r/CryptoMarkets. These communities offer discussions, firsthand user experiences, and updates on upcoming ICOs. Always cross-reference information and check for user testimonials to gauge sentiment and potential red flags.
- TikTok: Follow Cryptonews as well as influencers and content creators who specialize in ICOs and cryptocurrency trends. Use hashtags like #ICO, #CryptoNews, and #CryptoInvestment to find educational content about ICOs.
- Telegram: Many ICO projects host official Telegram channels where they share updates, engage with potential investors, and provide direct access to the team. Join Telegram groups to ask questions directly and receive timely updates.
- Discord: Similar to Telegram, Discord serves as a hub for community interaction and is increasingly popular for real-time project discussions and ICO news.
- YouTube: Subscribe to channels that specialize in cryptocurrency analysis and ICO reviews, such as Cryptonews, Jacob Crypto Bury, and Boxmining. They often provide detailed evaluations of ICO projects, team backgrounds, and tokenomics.
2. Use an ICO Calendar
ICO Calendars are essential tools for identifying upcoming ICOs, offering key details like industry focus, start and end dates, blockchain used, and fundraising targets.
Using an ICO calendar helps streamline your investment process by enabling you to pre-register for early-stage projects at lower prices, avoiding impulsive investments and optimizing financial planning.
Websites like ICO Drops and CoinCodex’s ICO Calendar allow you to filter ICOs based on your preferences, such as blockchain type or ICO status, enhancing your search specificity.
3. Get Involved in Web3
Engaging directly with Web3 and ICOs can significantly enhance your understanding of new crypto offerings.
One approach is to start small by investing a minimal amount, such as $20, in several ICOs to track and compare their performance. This strategy allows you to diversify risk rather than committing a large sum to a single, unproven project.
Alternatively, consider working with a Web3 startup. Positions range from smart contract developers to roles in marketing, content creation, network engineering, and legal consultancy.
Hands-on experience provides deep insights into the ICO process and offers opportunities to observe successful practices and potentially participate in early investments.
What Are the Risks of ICO Investments?
Investing in ICOs carries risks, primarily due to lack of regulation which can lead to scams and financial loss. Many ICOs fail to deliver on promises, resulting in worthless tokens.
The absence of oversight means fewer safeguards against fraud, compared to regulated offerings like IPOs. Market volatility can also dramatically affect token values.
Before investing, thorough due diligence is essential to assess the project’s legitimacy, the team’s credibility, and the realistic potential of the underlying technology.
Lack of Regulatory Oversight
One of the primary risks of ICOs is the lack of regulatory oversight, unlike regulated IPOs. This absence of regulation makes investors vulnerable to scams, including fraudulent projects and market manipulations like rug pulls and pump-and-dump schemes.
In a rug pull, developers might drain a token’s liquidity, leaving it worthless, while pump-and-dump involves inflating a token’s value through hype and then selling off at the peak.
The unregulated nature of the crypto markets facilitates these schemes, attracting scam artists who exploit the lack of enforced KYC procedures and transparency. Investors should be cautious and seek transparency in ICO operations to avoid fraudulent activities.
Unrealistic Expectations Leading to Severe Losses
Many ICOs are launched with only a whitepaper and lack a working product or proven track record, leading investors to fund projects based on mere speculation and promises rather than tangible evidence of success.
This results in significant financial risk as many projects fail to deliver, never materialize, or have poor token distribution and governance.
Additionally, ICOs often allocate a large portion of tokens to founders, creating potential conflicts of interest and decision-making that may not align with investor interests.
Unrealistic claims made by projects, like those claiming to be “Ethereum killers,” often fail to materialize, further risking investor capital.
Volatility & Market Manipulation
The cryptocurrency market is notoriously volatile, which poses a significant risk for ICO investors. Even Bitcoin, the most stable cryptocurrency, experiences high volatility.
This volatility is even more pronounced in ICO tokens, which often have lower trading volumes. Tokens with small market capitalizations can be easily manipulated with relatively small amounts of money compared to larger volume cryptocurrencies.
Additionally, unlike traditional financial markets, which are heavily regulated to protect against market manipulation, the cryptocurrency market has weaker regulations, making it more susceptible to price manipulation, especially during the earlier days of ICO popularity.
How to Invest in an ICO
Investing in an ICO token is quite straightforward. By and large, tokens are a lot easier to invest in than other financial instruments. But you still need to get familiar with the process so you can keep your funds securely stored.
Step 1: Choose Your ICO
We have already been over this step, but just to reiterate: you need to find the best ICO that’s legit and has a strong chance of success. Check an ICO calendar to see which ones match your preferences.
Once you have decided on a suitable ICO, you can visit the page to see which type of tokens you need to invest in the project. You will want to buy a crypto that is accepted/required by the ICO. USDT and ETH are commonly accepted. If it’s a Binance-supported ICO, you might need BUSD or BNB.
The official page should also tell you key information about the project, including theme, industry, token price, and vesting period. This is key information is needed to decide whether it’s worth the investment or not.
Step 2: Buy Crypto
Now, you need to acquire crypto funds, most likely ETH or an acceptable stablecoin such as USDT, USDC, or BUSD. You can check what tokens the ICO accepts on its official ICO page.
For this example, we selected Pepe Unchained, which can be purchased using USDT, ETH, BNB, or a card.
Head over to your preferred crypto exchange, such as Binance, Coinbase, or Kraken, and purchase tokens the ICO accepts.
Step 3: Send Funds to Your Web3 Wallet
Once you have purchased your crypto on your chosen platform, you will need to send it to a Web3 wallet. MetaMask and Wallet Connect are two of the most popular options.
Simply go to the MetaMask website, download its free browser extension, and set up your account — remember to store your private keys securely.
Once you’ve set up your MetaMask wallet, head over to the crypto exchange where you purchased crypto, and send those funds to MetaMask.
Step 4: Purchase ICO Tokens
Click “Connect Wallet,” and select your Web3 wallet. In this case, the available options are MetaMask, Best Wallet, Wallet Connect, and Coinbase Wallet.
Next, type in your password to successfully connect your wallet to the ICO website. Once it’s connected, you can select the cryptocurrency you wish to use, and either input the crypto amount you want to spend or the number of Pepe Unchained tokens you want to purchase. Finally, click “Buy Now” to finalize the transaction.
Are ICOs a Good Investment?
Although ICOs are undoubtedly a widespread phenomenon within the crypto market, can they be considered a good investment? There are definite reasons why they can be a noteworthy investment:
- Become Part of a Growing Community – Taking part in an ICO allows investors to become part of a growing community at the very beginning of the project’s life cycle. This has the added benefit of enabling like-minded people to interact with each other and form relationships whilst also providing feedback to the project’s development team.
- Huge Returns Potential – Naturally, one of the main benefits of investing in an ICO is the vast returns potential that they can offer. Since most ICOs offer tokens at a reduced price point, early investors are in a great position to benefit if/when the token is listed on a major exchange. Projects offer discounted prices to kick-start development or generate publicity and attention – which then means more investment and a higher probability of success.
- Exclusive Perks – Many ICO cryptos will offer exclusive benefits to entice early investors. The specific benefits can vary wildly but may include premium NFTs or access to merchandise. There may even be private Discord servers that only ICO investors can join, providing an incentive to participate.
Again, it is essential to note that ICOs do not guarantee profits even if the fundamentals of the project are solid and the potential is high – ultimately the market will decide success or failure.
It is also important for investors to understand their own tolerance for risk as ICOs are substantially more risky and volatile than investing in established top cryptos such as Bitcoin or Ethereum.
Best Crypto ICOs – Conclusion
In summary, this article has taken an in-depth look at the best crypto ICOs to launch in 2024, covering what they offer and why they have generated such high momentum. Thanks to the innovative use cases displayed by these projects, investors remain eager to see how well they can perform in the weeks and months ahead.
Investors will do well to remember that risk should be given equal weight to the potential rewards. This can help to avoid many of the ICO projects that turn out to have no long term viability. Returns are not guaranteed, especially when it comes to the volatile cryptocurrency markets.
One of the best crypto ICOs right now is Pepe Unchained. This is a meme coin built on Ethereum’s layer-two blockchain. Pepe Unchained offers high staking rewards and reduces transaction costs.
Crypto ICO FAQs
How does an ICO in cryptocurrency work?
Is investing in ICO crypto a good idea?
How do I buy crypto ICO?
Was Ethereum an ICO crypto?
What are the best crypto ICOs to buy in 2024?
References
- The Wall Street Journal: The New Rules of FOMO
- CoinCodex: Binance IEO List
- Yahoo Finance: ‘Binance Effect’ Means 41% Price Spike for Newly Listed Tokens
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