10 Best Ethereum ICOs and Presales for 2024

Michael Graw | Verified by Medb Kiely-Cuddy

Last updated: March 28, 2024 14:39 EDT | 21 min read

Ethereum is the most highly developed blockchain in the crypto universe, with new cryptocurrency projects being released on Ethereum almost every single day. Many of these new Ethereum projects hold public ICOs (Initial Coin Offerings), enabling anyone to buy tokens before they hit exchanges.

Investing in Ethereum ICOs is a high-risk, high-reward endeavor that has the potential to turn an investor into a crypto millionaire overnight if they choose the right token. Many of today’s top cryptocurrencies started with an ICO on Ethereum.

We’ve done a deep dive into today’s most promising Ethereum ICOs and presales to identify 10 new tokens that have the potential to explode in 2024. Keep reading to learn about the best Ethereum ICOs and find out how to invest today.

A Closer Look at the Best New Ethereum ICOs

Let’s dive deeper into each of the top new Ethereum ICO projects so you can decide which ones to invest in.

1. Dogecoin20 ($DOGE20) – Doge-themed Meme Coin Launching on 4/20, Raised $10m

Dogecoin20 is a new alternative to Dogecoin, the world’s biggest cryptocurrency and the meme coin that launched a movement. While the original Dogecoin has its own blockchain, Dogecoin20 is built on Ethereum—making it far more environmentally friendly and enabling capabilities like staking.

Right now, investors who buy Dogecoin20 can stake their presale tokens and earn 102% APY. There are already more than 27 billion $DOGE20 tokens staked to the project.

Another major difference between Dogecoin20 and the original Dogecoin is that $DOGE20 has a capped token supply of 140 billion coins. That’s a big deal because it means that supply can’t increase limitlessly to meet rising demand. As more people buy $DOGE20, the more the token’s price will go up.

The Dogecoin20 presale has been hugely successful, raising more than $10 million in just a few weeks. The project plans to launch $DOGE20 on April 20, Doge’s unofficial holiday. It’s setting up to be one of the best meme coins of 2024.

2. Green Bitcoin ($GBTC) – Gamified Staking Token, Sold Out with $9.5m Raised

Green Bitcoin is a unique crypto project that’s changing the way staking rewards are distributed to community members. Instead of simply giving out a fixed reward to every token holder, Green Bitcoin asks users to predict the price of Bitcoin a few weeks into the future. The staking rewards that token holders earn are then calculated based on how accurate their predictions turn out to be.

This system is designed to be fun while also encouraging users to keep a close eye on the crypto market. It promotes engagement with Green Bitcoin and gives token holders a chance to hedge bets on Bitcoin with future $GBTC staking rewards.

Green Bitcoin is also environmentally friendly. Since it uses Ethereum’s proof-of-stake validation mechanism, the project has extremely low energy usage compared to Bitcoin. That’s good news for crypto enthusiasts who want a token like Bitcoin but without the carbon footprint.

Green Bitcoin’s ICO just sold out after selling more than $9.5 million worth of $GBTC. Now, investors can get ready for this token’s exchange launch in less than 10 days.

Visit Green Bitcoin

3. 5thScape ($5SCAPE) – VR Gaming Studio Offering Lifetime Access for Early Investors

5thScape is an augmented and virtual reality (VR) project with enormous potential. If successful, 5thScape has the potential to topple major companies like Oculus and Meta to claim a chunk of the $8 billion VR headset market.

The team behind 5thScape is developing a series of VR games and headset technology to improve the gaming experience. The team already has several games planned, and the first, Cage Conquest, is set to be released this summer.

Early investors in the 5thScape presale will get lifetime access to 5thScape’s first games. On top of that, they stand to earn massive unrealized gains by the end of the presale. The $5SCAPE token is on sale now for $0.00248 but will list at $0.01—a gain of more than 300%.

5thScape has undergone a full audit and the team has been KYC verified. Within just a few weeks of launch, the presale has raised more than $2.5 million and looks likely to sell out. This is one of the most promising metaverse cryptos we’ve seen.

Visit 5th Scape

4. eTukTuk ($TUK) – Green Project Building an EV Charging Network across Southeast Asia

eTukTuk is a sustainability crypto project helping to jumpstart the green energy revolution in Southeast Asia. The project’s goal is to build a new EV specifically for the Southeast Asia market and construct a network of EV charging stations throughout the region.

eTukTuk’s plan is ambitious, but it’s designed the $TUK token to provide an incentive to all stakeholders involved. Regional network owners can earn revenue for building charging statutes and connecting them to the eTukTuk network, while $TUK token holders can stake their coins and earn a share of charging revenue. Meanwhile, drivers can cut their gas costs by switching to eTukTuk’s EVs.

This green cryptocurrency project will launch in Sri Lanka first, where the eTukTuk team is based. The team aims to have 6,000 eTukTuks on the road by the 4th phase of its roadmap.

The project’s ICO has been a huge success so far, raising more than $2.5 million. While the presale is underway, investors can stake their $TUK tokens to earn 105% APY.

Visit eTukTuk

5. Bitcoin Minetrix ($BTCMTX) – Stake-to-Mine Token Revolutionizing Cloud Bitcoin Mining

Bitcoin Minetrix is a revolutionary Ethereum project that has the potential to change how Bitcoin is mined. Today, when individual miners want to mine Bitcoin by renting computing power through the cloud, they have to send crypto to an unknown mine operator. There’s a lot of risk and few guarantees for miners.

With Bitcoin Minetrix, miners can stake their $BTCMTX token and earn mining credits. They can then redeem these mining credits for computing power to mine Bitcoin. They never have to send their $BTCMTX or other valuable tokens.

Bitcoin Minetrix also makes the mining process more accessible for beginners by offering its own mining interface. The platform as a whole promises to democratize Bitcoin mining and put power back into the hands of individual miners.

The pent-up demand for a project like this was clearly huge, as the Bitcoin Minetrix presale has raised more than $12.5 million. Investors who purchase $BTCMTX during the presale can earn up to 55% APY until mining credits are launched.

Visit Bitcoin Minetrix

6. Pushd ($PUSHD) – Decentralized Marketplace for Goods and Products

Pushd is a new Ethereum-based crypto project creating a decentralized marketplace. It’s a lot like eBay, except that there’s no centralized market-maker to get between buyers and sellers.

The decentralized nature of Pushd enables it to offer much lower fees than existing marketplaces, which is likely to be a big draw for users. Users can get their fees lowered even more when they use the platform’s native $PUSHD token to pay.

$PUSHD token holders also get a say in the platform’s governance. Early investors in the Pushd presale will be among the first to get access to the marketplace.

The presale hasn’t launched just yet, but it’s expected to go live within a few days. It’ll offer $PUSHD at a discounted price and put up to 68% of the total token supply on sale.

Visit Pushd

7. 0Xowed ($0XOWED) – Instant Stablecoin Lending with Zero Gas Fees

0Xowed is a new Ethereum DeFi platform designed to enable anyone to stake their crypto and borrow stablecoins like USDT and USDC with no fees. Borrowers maintain complete ownership over their locked tokens as long as they don’t drop below the required collateral.

Even better, borrowers on 0Xowed can repay their debts with no interest. For traders who need access to stablecoins in a fast-moving market, this is likely to be one of the best DeFi cryptos in 2024.

The 0Xowed presale is going on now and has already raised more than $180,000 out of its $1 million hard cap. Early investors can buy the token at a price of $0.0002499, a 75% discount from the token’s planned list price.

Visit oXowed

8. Gokuswap ($GOKU) – Meme-inspired DEX with 308% Staking APY

Gokuswap is a new DEX launching on Ethereum to capture the massive trading volume taking place on this blockchain. It’s cross-compatible with Binance Smart Chain, positioning it to be a major player alongside DEXs like Uniswap.

Gokuswap is based around the popular anime character Goku, giving it immediate resonance with a huge audience of potential users. But even crypto users who don’t care about Goku will be drawn in by the project’s staking rewards: $GOKU token holders can earn up to 308% APY.

The project’s presale is taking place on PinkSale. The project has been audited, and the project team has been doxxed. Best of all, Goku has a 3% transaction tax, encouraging buyers to hold onto their $GOKU tokens for the long term.

Visit GokuSwap

9. BitBot ($BITBOT) – Telegram Trading Bot with Advanced Strategies

BitBot is an AI-powered trading bot built for Telegram. It can trade a wide range of assets, including cryptocurrencies, stocks, indices, forex, and more. The bot is designed to be easy to use and can connect to any broker or exchange that uses webhooks. So, the potential audience is huge.

What’s really nice about BitBot is that it offers some of the same advanced strategies used by hedge funds and institutional traders. For example, the bot supports yield optimization, automated sniping, and hedging.

The $BITBOT token itself not only offers access to the trading bot, but also revenue sharing and access to exclusive airdrops. The BitBot presale has already raised nearly $1.5 million and it looks likely to sell out soon.

Visit BitBot

10. KangaMoon ($KANG) – Play-to-Earn Gaming Ecosystem 40% Sold Out

KangaMoon is a new play-to-earn (P2E) gaming ecosystem dropping on Ethereum. The ecosystem is jam-packed with features, including not just P2E games but also NFTs, competitions, giveaways, and DeFi tools like a built-in DEX.

At the heart of KangaMoon is the $KANG token, which players will need to access this GameFi platform. The more players get involved in the platform’s games, the more $KANG they can earn—alongside in-game NFTs and more.

The KangaMoon presale is offering up to 60% of the total $KANG supply, and it’s already 40% sold out with more than $2.8 million raised. Giveaways have already begun during the presale, giving early investors a chance to earn extra $KANG tokens.

Visit KangaMoon

Why Invest in Ethereum ICOs and Presales?

There are several reasons why you might consider investing in Ethereum crypto ICOs.

Potential for Explosive Gains

The most common reason that investors turn to Ethereum ICOs is that top ICO cryptos often see explosive price movements after listing on exchanges. For example, $PEPE started as a crypto presale on Ethereum before skyrocketing more than 320,000x after it began trading on exchanges.

There’s no guarantee that any one ICO token will see gains like this. However, you only need to pick one massively successful token to see a huge net return on investment. With the right Ethereum ICO investment, you could potentially go from an everyday investor to a crypto millionaire overnight.

Early Access to New Utilities

Some Ethereum ICO tokens offer new utilities, such as DeFi features, play-to-earn games, and more. These features can be enjoyable and lucrative or enable you to achieve other objectives within the crypto world. For example, with Bitcoin Minetrix, you can mine Bitcoin safely.

It’s especially noteworthy that some unique projects like Bitcoin Minetrix introduce new utilities, which you can’t get with any existing crypto tokens. That can make tokens for these projects especially valuable.

Generous Staking Rewards

Another reason to invest in Ethereum ICOs is that new tokens often have much higher staking reward rates than established tokens. For example, Dogecoin20 presale investors can stake their tokens to earn 102% APY.

That increases the return you can get from buying a presale token. In addition, if a token explodes after launch, the tokens you earned from staking will be worth even more as well.

How to Identify the Top Ethereum ICOs

One of the challenges to investing in Ethereum chain ICOs is that there are a lot of them, and it can be hard to tell the highest potential cryptos from tokens that are likely to crater after launch. The good news is that we have a lot of experience identifying promising crypto projects. Here are some of the things we look for.

Momentum

One of the best indicators of whether an Ethereum ICO token will shoot up after launch is how quickly its presale sells out. A presale that sells out in days is likely to see a surge of interest during its initial exchange offering (IEO) and shoot upwards in price. A token that attracts very few token holders during its presale isn’t likely to get much more attention after launch.

So, keep an eye on how quickly each round of a presale sells out. Presales won’t sell out overnight, but they should see continuous interest as the ICO goes on.

Community Growth

Presale project teams need to put in effort to keep their investor community engaged and encourage more people to join their projects. We look for projects that have a strong presence on social media and a rapidly growing following. It’s also nice to see projects court crypto influencers, who can spread the word about a new token to even more people.

Utility

We always look at what utility a token offers or what problems it’s solving. After all, this is where the long-term value of a project comes from.

Projects that have a clear use case are more likely to take off. It also helps if a project can achieve its roadmap within a few months or a year, although longer-term projects can also perform very well if you have a longer investment timeframe.

Note that although meme coins don’t have utility, they have historically performed very well. In fact, analysts recently predicted that meme coins could see explosive growth in the current crypto bull market.

Staking Rewards

Offering staking isn’t critical to a token’s success, but it is an important factor to consider. Staking not only increases the potential rewards from investing in a new Ethereum ICO but also encourages token holders to hold their tokens rather than sell at the first price increase. This keeps supply down and helps push up a token’s price further.

Tokenomics

We always check a project’s tokenomics to make sure they support a coin’s price growth. Tokens should have a supply cap and a clear mechanism for limiting inflation. While some inflation is okay, projects shouldn’t allow tokens from the withheld supply to flood onto the market.

Are Ethereum Presales Safe to Invest in?

Ethereum coin ICOs are high-risk, high-reward investments. While there’s a chance you could invest in the next 100x cryptocurrency, there’s also a chance that the tokens you buy could lose value. Returns are not guaranteed, even if you do appropriate due diligence on a project, and you should only invest money you’re willing to lose.

While most Ethereum chain ICOs are legit, it’s also important to protect yourself against scams. Crypto users lost an estimated $2 billion to scams in 2023, and a significant portion of that was due to presale scams. These included fake presales that never had a token as well as “rug pulls,” in which the project team walked away without delivering on the promised roadmap.

How to Invest in Ethereum ICOs

Investing in Ethereum coin ICOs is very easy and only takes a few minutes. We’ll walk through the steps.

Step 1: Buy ETH or USDT

Most Ethereum presales and ICOs require you to swap ETH or USDT for the new token. You can buy ETH or USDT from any major crypto exchange, like MEXC, Binance, or Coinbase.

Step 2: Send Tokens to a Crypto Wallet

Once you’ve purchased ETH or USDT, send the tokens to a self-custodial crypto wallet such as MetaMask or Trust Wallet. You can download these crypto wallets for free.

Step 3: Connect to ICO

Now head to the Ethereum ICO site and connect your crypto wallet. Follow the prompts to authorize the connection.

Step 4: Buy ICO Tokens

Enter the amount of the ICO token to purchase, then swap your USDT or ETH to buy tokens. You can claim your new coins when the ICO ends.

Conclusion

The best Ethereum ICOs offer a chance for investors to get into a promising new cryptocurrency at a discounted price. They have the potential to deliver massive gains, but it’s important for investors to ensure they’re choosing the right projects to invest in.

Based on our analysis, we think the top Ethereum ICOs for 2024 are Dogecoin20, Green Bitcoin, and 5thScape. Dogecoin20 especially stands out because presale investors can earn up to 102% APY for staking $DOGE20 tokens they buy during the ICO. The project has raised more than $10 million, and the ICO looks likely to sell out soon.

References

• Virtual Reality Headset Market Size, Share & Trends Analysis Report (Grand View Research)
• Dogecoin to Pepe: What’s Driving the Price Rally and Top Memecoins, Explained (Bloomberg)
• De.Fi Rekt Report: Crypto Losses reach $1.95b in 2023 (De.Fi)

FAQs

What are the top Ethereum ICOs?

The best Ethereum crypto ICOs in 2024 are Dogecoin20, Green Bitcoin, and 5thScape. The Dogecoin20 ICO looks likely to sell out and offers early investors up to 102% APY for staked tokens.

Should I invest in Ethereum ICOs?
Ethereum presales are high-risk, high-reward investments. If you choose the right ICO token to buy, you could potentially earn a 10x or even a 100x return on your investment. However, many ICO tokens lose value, so you should only invest money you’re willing to lose.

How do I find new Ethereum ICOs?

You can find new Ethereum ICOs by monitoring Cryptonews or using a presale aggregator like Coinsniper. It’s also a good idea to monitor social media platforms like X and Reddit, where users frequently discuss new Ethereum tokens.

About the Author

Michael Graw

Gambling and Finance Writer

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news sites like Business2Community, InsideBitcoins, LearnBonds, and tech-focused outlets like TechRadar. He has collaborated with fintech and crypto startups on whitepapers and investor resources, and also has expertise in sports betting and crypto gambling. Michael holds a Bachelor of Arts from Cornell University and a PhD in Oceanography from Oregon State University. He now resides in Bellingham, Washington, and writes full-time.

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