15 New Crypto Coins to Invest in October 2024 [Daily Updates]
Why Trust Cryptonews
Finding the best new crypto coins to buy can be a daunting task — there are risks to investing in new cryptocurrency releases and various pitfalls to avoid. Yet if you can separate quality projects from mere hype, there is potential to make market-beating returns with just a few well-thought-out decisions.
Based on our research, the best new crypto projects to invest in for October 2024 are Pepe Unchained, Crypto All-Stars, Flockerz, MemeBet Token, and Sponge V2. Our methodology for evaluating new cryptocurrency with potential is thorough and detailed, analyzing factors such as use cases, roadmap, and liquidity potential.
Exciting New Cryptocurrencies to Buy Today
- 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
- Promising meme token offering real-world utility and applications.
- Piloting its web3 dApp known as GemLaunch Suite allowing crypto enthusiasts to build and run cryptos and presales.
- Native $ARKN tokens can be used for gas fees, staking rewards, airdrops, service discounts and more.
AVAX
BASE- bnb
- +3 more
- First crypto-based lending platform, allowing loans up to 75% of the total Memereum assets.
- Comprehensive insurance coverage for digital coins and precious metals, including gold and silver.
- High-value holders get state-of-the-art NFTs, valued over $1,500 in the open market.
- bnb
- usdt
- ETH
- Chocolate-themed meme coin project aiming to list on major exchanges.
- The top 200 presale buyers are eligible to win prizes including SOL, a Tesla Model S, and a MacBook Pro.
- $CHOC coin contract has been fully audited.
Solana- ETH
- usdt
- 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
- Dog meme coin with huge staking rewards
- Charity-focused coin where holders can vote on where to donate
- A portion of every transaction fee will go to the chosen recipients
- ETH
- Bank Card
Top New Crypto Coins List for October 2024
Below is our ranking of the top new crypto coins to buy this month:
Coin
Symbol
Current Price
Why These Coins Made the Cut
Pepe Unchained
PEPU
$0.00994
Best new Layer-2 scaling solution, revolutionizing transaction speeds and fees.
Crypto All-Stars
STARS
$0.0014828
Can stake multiple meme coins in one platform, catering to meme coin enthusiasts.
Flockerz
FLOCK
$0.0057012
Rewards users for active community participation in decision-making.
MemeBet Token
MEMEBET
$0.0256
Upcoming no-KYC, Telegram-based casino that offers a unique decentralized gambling experience.
Sponge V2
SPONGEV2
$0.0000245713
Offers a Play-to-Earn racer game, blending gaming with meme coin culture.
SpacePay
SPY
$0.00191
Retail payment crypto project, simplifying cryptocurrency transactions for real-world purchases.
Shiba Shootout
SHIBASHOOT
$0.0205
A community-driven token that emphasizes social engagement and support.
Race to a Billion
BDJ
$0.008
Formula 1-themed prediction game token, offering crypto rewards based on race outcomes.
Arkenstone
ARKN
$0.048514
Facilitates token creation with its no-code platform, enabling anyone to launch their token with ease.
Memereum
MEME
$0.11
Provides on-chain insurance for crypto assets, adding a layer of protection for investors.
Choc
CHOC
$0.00004
A food-themed meme coin that blends humor with the growing trend of themed cryptocurrencies.
JetBolt
JBOLD
$0.009374
Offers zero-gas fee solutions, building the next generation of decentralized applications with cost-efficiency.
DogDump
DOGDUMP
$0.00002
A deflationary meme coin designed to reduce supply over time, rewarding long-term holders.
The Wolf of Bull Street
WOBS
N/A
A new DEX focused on trading degen tokens, appealing to risk-takers in the crypto market.
Salukis
SALUKIS
$0.3
A new dog-themed meme coin that offers voting rights and donates to charitable causes
💡 All information in the table above is updated weekly to ensure the most accurate and current data is provided. The table was updated on October 10, 2024.
Best New Crypto Coins of October 2024 – In-Depth Analysis
The following are detailed reviews of the best new crypto coins to buy in October 2024. We continuously update our list based on market research, sellout speed, roadmap progress, pricing, staking rewards, and more.
New cryptocurrency projects are particularly exciting due to their untapped potential, but they need to be carefully researched to ensure that they actually have a reasonable chance of being successful. Here is a thorough breakdown of the top new projects that made our list.
1. Pepe Unchained (PEPU) – Overall Best New Crypto Coin to Invest in October 2024
Pepe Unchained is a new Layer-2 blockchain designed for speed, security, and low fees, with a focus on memes. It’s 100x faster than Ethereum and offers instant bridging between ETH and Pepe Chain. With $PEPU tokens, you can stake and earn double rewards, making it a great new crypto to buy right now.
What sets Pepe Unchained apart are its low transaction fees and dedicated block explorer. These features ensure you get the most out of your investments. Its presale offers early buyers a significant advantage, providing opportunities for high rewards and growth.
To stay informed, read the whitepaper, follow Pepe Unchained on X, and join the Telegram channel. These resources will help you maximize your gains and stay updated on the latest developments in the Pepe Unchained ecosystem.
| Presale Started | June 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Pepe Unchained (Ethereum L2) |
| Starting Price | $0.008 |
| Current Price | $0.00994 |
| Price Increase | +24.25% |
| Raised So Far | $18.2 million |
2. Crypto All-Stars (STARS) – New Staking Platform for Popular Meme Coins
Crypto-All Stars is an upcoming crypto coin that will allow users to stake their favorite meme coin — including DOGE, SHIB, FLOKI, TURBO, and BONK — in one place: the MemeVault. Your staking yield depends on how many $STARS tokens you hold. Early investors can stack up on $STARS during the presale at a discounted price of $0.0014828 to get a higher staking yield in the future.
$STARS tokens can be staked for a generous APY of 720%. This is a dynamic APY, meaning it will drop as more tokens are staked — it’s prudent to stake as early as possible to get the highest APY and more $STARS tokens for free.
You can buy $STARS with ETH, BNB, USDT, or a credit card. However, purchases made with BNB or USDT on the Binance Smart Chain aren’t eligible for the staking rewards. The MemeVault will go live after the presale ends, giving you enough time to load up on $STARS tokens. Follow Crypto All-Stars on X and join their Telegram group to get the latest updates.
| Presale Started | August 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Starting Price | $0.00138 |
| Current Price | $0.0014828 |
| Price Increase | +7.45% |
| Raised So Far | $2.06 million |
3. Flockerz (FLOCK) – Vote-to-Earn Meme Coin With Massive Rewards
Flockerz is the latest decentralized-focused crypto project looking to revolutionize rewards in the meme coin space. Powered by $FLOCK, the campaign’s native token, the platform will launch a groundbreaking new decentralized autonomous organization (DAO) named Flocktopia. This DAO rewards token holders with a unique vote-to-earn protocol.
To incentivize early adopters and investors, Flockerz is offering a 3,842% APY during its presale. Participants can purchase $FLOCK with ETH, USDT, BNB, or a credit card, but only transfers with ETH can be used to take advantage of staking rewards over the next two years.
Based on the Flockerz whitepaper, 20% of the total supply of $FLOCK is set aside from the presale. Currently, $FLOCK is priced at $0.0057012 per token. Stay updated by following Flockerz on X and joining its Telegram channel.
| Presale Started | Sept 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Starting Price | $0.0055 |
| Current Price | $0.0057012 |
| Price Increase | +3.66% |
| Raised So Far | $493,000 |
4. MemeBet Token (MEMEBET) – Hot New Telegram-Based Casino With High Rewards
MemeBet Token is a revolutionary casino platform that allows users to wager with meme coins on Telegram. It’s a Telegram-based casino that doesn’t require any Know Your Customer (KYC) checks and lets you earn exciting P2E rewards. You can earn rewards and exclusive benefits and participate in regular airdrops.
Some unique things that make MemeBet stand out are its crypto-native games and regular burn campaigns. These features ensure a unique gaming experience and can potentially increase $MEMEBET’s demand.
The MemeBet Token whitepaper highlights how the platform has reserved 20% of its total token supply of 2 billion for community rewards and airdrops. Interested buyers can follow MemeBet on X and join its Telegram channel for the latest updates.
| Presale Started | September 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Ethereum |
| Starting Price | $0.025 |
| Current Price | $0.0256 |
| Price Increase | +2.40% |
| Raised So Far | $382,000 |
5. Sponge V2 (SPONGEV2) – New Meme Coin Offering a Play-to-Earn Game
$SPONGEV2 is the latest version of the explosive meme coin that delivered a 100x return in 2023. With plans for listings on major exchanges like Binance and OKX, $SPONGEV2 could replicate or even exceed its previous success.
$SPONGEV2’s potential is bolstered by its upcoming play-to-earn game and its transition to non-inflationary tokenomics by 2028. These developments are expected to drive long-term value and community engagement, increasing the token’s appeal and price stability.
Stay informed by following $SPONGEV2 on X, joining its Telegram channel, and reading the whitepaper.
| Presale Started | December 2023 |
| Purchase Methods | MATIC, USDT |
| Chain | Polygon |
| Starting Price | $0.00025 |
| Current Price | $0.0000245713 |
| Price Increase | -1.71% |
| Raised So Far | $340,000 |
6. Shiba Shootout (SHIBASHOOT) – Leading New Community-Focused Meme Coin
Shiba Shootout is the best new community-focused dog themed meme coin of 2024, featuring Shiba Inus in cowboy attire on horseback. This coin stands out with its well-defined lore, centering around Marshal, the sharpest shooter in the crypto sphere.
Shiba Shootout engages the community through unique utilities. Users earn SHIBSHOOT tokens by increasing their posse and sharing stories on social media. The project includes gamified airdrops and dynamic staking with visual appeal, bringing additional utility to the world of meme coins.
With a total supply of 2.2 billion tokens and 35% allocated to the ongoing presale, this new meme coin emphasizes a decentralized ethos. Its Western-themed style and strong community focus make it unique. Find out more information by following on its Shiba Shootout on X.
| Presale Started | April 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Starting Price | $0.0187 |
| Current Price | $0.0205 |
| Price Increase | +9.63% |
| Raised So Far | $1.19 million |
7. SpacePay (SPY) – Decentralized Payment Protocol for Seamless Crypto Payments at Retail Locations
SpacePay is a decentralized payment protocol on the Ethereum blockchain for crypto transactions in retail settings. $SPY, the utility token, incentivizes user engagement and drives platform growth.
SpacePay uses a payment APK, making crypto transactions easy in retail locations. Customers can pay with various digital assets, and retailers receive funds in local currency. Active wallets earn monthly token airdrops. SpacePay will introduce a revenue-sharing model to reward token holders.
$SPY was priced at $0.00147 during its first presale stage, with a total supply of 34 billion tokens. 20% is allocated for the presale. SpacePay raised $750,000 from private investors and over $423,000 with its presale, showing confidence in the project. Check out the SpacePay whitepaper and join the Telegram channel for more information.
| Presale Started | June 2024 |
| Purchase Methods | ETH, USDT, USDC, BNB, MATIC, AVAX, Card |
| Chain | Ethereum |
| Starting Price | $0.00147 |
| Current Price | $0.00191 |
| Price Increase | +29.93% |
| Raised So Far | $423,000 |
8. Race to a Billion (BDJ) – Predict Formula 1 Racing Outcomes and Earn Rewards
Race to a Billion is a new crypto to invest in this year. This exciting new project lets you use the native token $BDJ to make Formula 1 race outcome predictions to earn rewards. Because it uses the blockchain to settle transactions, the betting is transparent and visible with a block explorer.
The Race to a Billion project is now in a token presale phase where you can buy the $BDJ token and stake it to earn a 3,635% APY. The more tokens are staked, the more the APY will drop, giving early investors the best rewards rate.
The total token supply stands at 2.5 billion where 40% of it will be allocated to the presale and 20% to the staking rewards. The rest will go to development, liquidity, marketing and ecosystem. Make sure to follow Race to a Billion on X and join their telegram group for more details.
| Presale Started | July 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Starting Price | $0.00755 |
| Current Price | $0.008 |
| Price Increase | +5.96% |
| Raised So Far | $184,000 |
9. Arkenstone (ARKN) – Multi-Utility New Cryptocurrency Offers Real World Applications
The next coin on our list is Arkenstone, a meme token that offers real utility to token holders. $ARKN, the native token, enable seamlesss transactions and used for gas fees on the platform. Arkenstone offers utility for real-world applications through its product, GemLaunch Suite.
This is a Web3 tool that allows users to create, launch, and fund their own new crypto tokens. $ARKN token holders are given exclusive access to certain advanced features on the GemLaunch Suite. This new token can also be staked to generate dynamic staking rewards.
From a total supply of 1 billion tokens, 15% will be allocated as staking rewards. Another 25% of the supply is currently being distributed through the ongoing presale. For more information on this new token, go through the Arkenstone whitepaper and join the Telegram channel.
| Presale Started | June 2024 |
| Purchase Methods | ETH, USDT, USDC, BNB, MATIC, AVAX, DAI, OP, LINK, and others |
| Chain | Solana |
| Starting Price | $0.024362 |
| Current Price | $0.048514 |
| Price Increase | +99.14% |
| Raised So Far | N/D |
10. Memereum (MEME) – On-Chain Insurance for Crypto Assets
Memereum is the first blockchain-based insurance provider, offering a secure platform to protect your digital and physical assets. With an APY of 183%, $MEME is a promising new crypto to buy now, combining the stability of traditional insurance with the innovation of blockchain technology.
Memereum’s unique value lies in its comprehensive insurance coverage for assets ranging from cryptocurrencies to precious metals. Backed by an experienced team and prelisted on four exchanges, $MEME aims to become a leader in safeguarding investments.
Stay updated by following Memereum on X and joining their Telegram channel. Read the whitepaper to explore how $MEME can protect and grow your investments.
| Presale Started | December 2023 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Binance Smart Chain |
| Starting Price | $0.00756 |
| Current Price | $0.11 |
| Price Increase | +1355.03% |
| Raised So Far | N/D |
11. Choc (CHOC) – First High-Potential Food-Themed Crypto
Choc is a new meme coin with a food theme. It aims to create a big sensation in the meme coin market. The presale started on June 28, offering sweet rewards to holders.
Transparency is Choc’s main value. It offers attractive rewards for token holders. For example, those ranked 101st to 200th get 1 SOL token. Higher ranks can win a PlayStation 5, iPhone 15 Pro Max, or a MacBook Pro. The top buyer wins a Tesla Model S Plaid.
Follow Choc on X and join the Telegram channel for updates and more information.
| Presale Started | June 2024 |
| Purchase Methods | SOL, ETH, USDT |
| Chain | Solana |
| Starting Price | $0.000022 |
| Current Price | $0.00004 |
| Price Increase | +81.82% |
| Raised So Far | N/D |
12. JetBolt (JBOLT) – Zero-Gas Fees, Instant Finality Layer for Building Next-Gen DApps
JetBolt is a cutting-edge crypto platform that offers zero gas fees, instant transactions, and a seamless staking system, making it one of the most exciting new cryptocurrency investments for 2024.
Built on the Skale network, JetBolt eliminates transaction costs, allowing you to maximize your earnings while enjoying lightning-fast transaction speeds. The ongoing presale offers a unique opportunity to purchase JetBolt tokens at a discounted rate of $0.009374, with additional bonuses for larger purchases.
With a fully audited contract, instant self-custody, and an AI-driven insights tool, JetBolt could become a major player in the crypto space. Follow JetBolt on X, join the Telegram channel, and read the $JBOLT whitepaper to stay informed and take advantage of the presale before prices increase.
| Presale Started | August 2024 |
| Purchase Methods | ETH, USDT, USDC, BTC, SOL, BNB, MATIC, Card |
| Chain | Skale Network |
| Starting Price | $0.009199 |
| Current Price | $0.009374 |
| Price Increase | +1.90% |
| Raised So Far | $261,000 |
13. DogDump (DOGDUMP) – New Deflationary Meme Coin Burning Tokens When Dogecoin Dumps
DogDump is a new meme coin on Solana, designed to capitalize on Dogecoin’s downturns. It features a deflationary model that burns 0.2% of its treasury supply daily whenever Dogecoin ends in the red.
This unique approach can increase DogDump’s value over time, making it a new cryptocurrency in 2024. You can participate in DogDump’s presale at a discount, with early buyers saving up to 93%.
With a total supply of 1 trillion tokens, 240 billion are reserved for presale, while 400 billion will be burned. The presale operates in phases, each offering diminishing discounts as tokens are sold. To stay informed and take advantage of early investment opportunities, follow DogDump on X.
| Presale Started | July 2024 |
| Purchase Methods | SOL, USDT |
| Chain | Solana |
| Starting Price | $0.000001 |
| Current Price | $0.00002 |
| Price Increase | +1900.00% |
| Raised So Far | $1.15 milion |
14. The Wolf of Bull Street (WOBS) – New Decentralized Exchange for Trading Degen Tokens
The Wolf of Bull Street is a fun meme coin project that aims to release a decentralized exchange (DEX) named WOBS DEX. $WOBS, the project’s native token, will power the DEX, allowing for low transaction fees for $WOBS holders. Additionally, WOBS DEX liquidity providers are rewarded with recurring airdrops.
WOBS will facilitate the trading of the wildest shitcoins and meme coins in the market. The total supply of $WOBS is 69.6969696969696969, with 50% allocated for the current presale. 20% of the overall supply is reserved for staking to incentivize token holders and liquidity providers.
You can buy $WOBS with ETH, USDT, BNB, or a credit card. The project’s staking rewards occur at a yearly rate of N/D and will be distributed over 2 years.
| Presale Started | August 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Starting Price | N/A |
| Current Price | N/A |
| Price Increase | N/A |
| Raised So Far | N/A |
15. Salukis (SALUKIS) – Doge-Themed Meme Coin Offering Voting Rights
Salukis is a fast, secure meme coin designed for community impact, combining cryptocurrency with charitable giving. Built for speed and safety, it also offers staking rewards and transparent donations, making it one of the best new cryptos to invest in for 2024.
Salukis’ staking program rewards token holders while supporting global causes. A portion of every transaction goes to charity, with donations tracked for transparency. The project also integrates dApps for easy user access, simplifying the donation process for all.
With the presale still open, there’s an opportunity to join early and gain rewards. Don’t miss the chance to be part of Salukis’ growing community. For more information, read the Salukis whitepaper and join the Telegram channel.
| Presale Started | September 2024 |
| Purchase Methods | ETH, Card |
| Chain | Ethereum |
| Starting Price | $0.3 |
| Current Price | $0.3 |
| Price Increase | +0.00% |
| Raised So Far | $2,800 |
The Advantages of Buying New Cryptocurrencies
New cryptocurrencies can offer some of the most exciting investment opportunities, with each new coin having the potential to be the next crypto to explode. However, besides the thrill of investing in new projects, there are some fundamental advantages to buying new cryptocurrencies over established ones.
More Upside Potential
New crypto tokens typically start with a low market cap, meaning that it’s significantly easier for their prices to increase. For example, here’s what would need to happen if you were aiming to double your money with a new low cap crypto versus a more established crypto:
Coin A Example (A New Crypto)
- An investor buys a new cryptocurrency called ‘Coin A’ while it only has a market cap of $1 million.
- For the investor to see a 2x return on their investment, the market cap would need to increase by $1 million, doubling from $1 million to $2 million.
Coin B Example (An Established Crypto)
- Meanwhile, another investor buys an established crypto called ‘Coin B,’ which already has a market cap of $500 million.
- In order to see a 2x return on their investment, the market cap would need to increase by $500 million, doubling from $500 million to $1 billion.
In other words, while an increase of $1 million in market capitalization for Coin A would yield a 100% return, a $1 million increase for Coin B would only give you a 0.2% return. The market cap of Coin B would need to increase by 500x as much as Coin A to generate the same return.
Opportunity to Buy Before Major Exchange Listings
When a new cryptocurrency achieves a listing on a major exchange, such as Coinbase or Binance, there is a big chance that the price will surge when the announcement is made. This is because listings on crypto exchanges give new crypto coin launches a degree of legitimacy. It also increases accessibility, since the coin is exposed to hundreds of thousands of new traders on that exchange.
Crypto exchange listings can be difficult for a new crypto project, because they are expensive, often have strict vetting requirements, and require a large amount of liquidity to be put up by the team. Consequently, when an exchange listing is announced, this is generally very bullish for the crypto project.
Therefore aiming to buy a crypto just before it lists on an exchange is an effective strategy, especially if the project manages to secure a listing on a top tier exchange.
You can find new new cryptocurrencies that are likely to be listed on exchanges by:
- Investing in crypto presales: Highest potential upside, but the coin will be illiquid until it gets a DEX listing. Make sure that CEX listings are within the project’s roadmap if this is your strategy.
- Buying coins listed on DEXs: Coins already listed on decentralized exchanges like Uniswap are prime targets to receive CEX listings. Ensure that the coin had a strong launch and that the team is conducting an active marketing campaign.
New Coins Can Ride The Momentum of Top Trends
In crypto, different trends are always emerging. New coins provide fresh opportunities to capitalize on crypto market sectors that are performing well. Examples of trends that have surged in 2024, where new coins have gained significant momentum, include:
Staying on top of crypto trends and choosing to buy new coins in a trending sector significantly increases the probability of strong price action after launching.
Access High Staking APYs After Buying
It’s very common for new cryptocurrencies to offer high staking APYs after they launch as a way of rewarding early investors and encouraging people to hold the tokens.
If your investment strategy is to wait for an exchange listing, or you have decided to hold until the coin reaches a certain price, staking can provide you with an additional return on your investment while you wait to sell.
Always check what the lockup period is when staking tokens. There may be a set amount of time you have to wait before you can claim your tokens again. This is an especially effective strategy if you have a long-term investment horizon.
The Downsides of Investing in New Cryptocurrencies
While there are numerous advantages of investing in new crypto, there is also a higher degree of risk associated with it. Here are some of the main downsides to be aware of before you decide to buy new cryptocurrencies.
High Probability of Failure
It shouldn’t come as a surprise that most new cryptocurrencies will eventually fail in the long run. While this is also the case with real-world companies, success can switch to failure much quicker in the world of crypto. This is due to market volatility, risk of smart contract hacks, and prevalence of bad actors.
This is why you should only invest in new coins that you have a high degree of conviction in. Ideally, you should set take-profit targets for each of your investments. Locking in profits is a smart move in crypto, as so much can change in a short time.
Increased Risk of Scams
When investing in new crypto, there is unfortunately a much higher risk of falling for a crypto scam due to bad actors in the space. While new cryptocurrencies can offer higher rewards, they also come with much higher risk.
Some different types of crypto scams associated with upcoming crypto coins include:
- Honeypots: This is where tokens are launched but investors are blocked from selling. Spot these by using a honeypot detector.
- Phishing: The creation of fake sites emulating legitimate projects and other malicious attempts to drain your wallet. Always double check URLs and don’t connect your wallet to unknown websites.
- Rug pulls: Where developers create a new token and remove all of the liquidity after investors have flooded in, stealing it all for themselves. Avoid crypto rug pulls by keeping clear of projects with unrealistic promises and a lack of transparency.
It’s a good practice to use a new crypto wallet when participating in presales in order to keep the rest of your crypto funds segregated and safe.
Limited Funding and Resources for Development
Most new cryptocurrency projects are launched by small teams with limited resources, meaning that it’s difficult to commit to an ambitious roadmap in the long run. While development might be active at first, this can often fade off as the team runs out of funds. Otherwise they may be forced to sell tokens in order to fund more development, which can have a negative impact on price.
You should be skeptical of new coins that make big promises in their roadmap in years to come, as very few projects make it that far and are able to stick to the original plan. This is especially true of meme coins, which often have little to no utility.
Our Strategy Behind Finding the Next Big Cryptos
At the heart of finding the next big crypto, our team follows a thorough and strategic process to ensure we’re always ahead of the curve. Our goal is to identify projects early on that have the potential for significant growth, whether we find cryptos before they list or preparing to launch. Here’s how we do it:
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We Research New Crypto Launches and Presales
We actively track crypto presales, which provide early investors the opportunity to buy in before a coin hits exchanges. These presales often come with discounted prices, allowing us to lock in a position before market volatility or slippage takes effect.
By focusing on low market cap projects, we increase the potential for higher returns, making this one of our go-to strategies for finding promising new cryptocurrencies.
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We Leverage ICO Calendars
An Initial Coin Offering (ICO) is similar to a presale — it offers early access to cryptocurrency tokens at discounted rates to help fund a project’s development. Our team actively tracks upcoming ICO calendars, allowing us to spot promising projects before they hit mainstream markets. By closely monitoring these launches, we ensure that we find the most promising tokens at their lowest entry points.
We maintain a curated list of the top crypto ICOs at any given time, filtering out the low-quality projects and ranking them according to our in-depth methodology. You can see details such as how much they have raised, the current price, and the available purchase methods.
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We Stay Active on X (Formerly Twitter) and We Follow Key Crypto Influencers
Our team is deeply embedded in the discussions happening on X, where new crypto trends often emerge. By following trusted crypto influencers and engaging in conversations, we identify new coins before they hit mainstream attention. This ensures we are always ahead of the curve when it comes to spotting the next big cryptocurrency. We also ensure that we follow trusted crypto accounts on X to avoid scams.
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We Watch New Listings on Cryptocurrency Exchanges
We closely monitor the best crypto exchanges, which often advertise new coin listings well in advance to ensure sufficient liquidity when trading begins. One advantage of this method for finding new cryptocurrencies is that exchanges typically vet projects before listing, adding an extra layer of legitimacy.
Another key benefit of tracking new coin launches is the opportunity to secure the lowest prices. As market demand rises, the coin’s value tends to increase, offering early investors solid returns. We also use platform filters to search for specific types of cryptocurrencies, ensuring we catch the most promising ones.
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We Watch Crypto YouTubers for New Coin Coverage
Another emerging platform for discussion in the crypto space is YouTube, where there are many influencers that focus on covering exciting new crypto coin launches and analysing their investment merit.
Watching crypto YouTubers is a good idea to see more in-depth breakdowns of particular coins and is an effective way to conduct further research and do one’s own due diligence.
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We participate in Active Crypto Subreddits
Our team is constantly scouring Reddit, where communities often discuss the latest crypto projects. By participating in Subreddits like the ones listed below, we gather feedback on new coins and cross-check for potential scams, ensuring that only legitimate projects make it through our research process.
- r/CryptoCurrency
- r/CryptoMoonShots
- r/ethtrader
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We Join Exclusive Telegram Gem Hunting Groups
We’re part of several exclusive Crypto Telegram groups that focus on uncovering new and trending cryptocurrencies. In these groups, we collaborate with other seasoned investors, exchanging insights and tips on upcoming projects. By being part of these communities, we gain early access to hidden gems that have high growth potential.
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We Monitor DEXTools to Discover Trending New Cryptos
We use DEXTools to spot trending new cryptocurrencies by analyzing their trading activity. It helps us identify an initial list of coins to investigate further, providing useful insights like market cap and trading volume for each coin.
However, we consider this just the first layer of our research when discovering new cryptos. We always carry out additional due diligence to avoid honeypot traps and copycat scams. Meme coins, in particular, often gain momentum quickly, making this extra step essential.
Our team of crypto experts has analyzed over 300 new cryptocurrencies and put in over 600 hours of research to compile this top list, focusing on seven key data points to formulate our rankings. Price Potential (25%) Growth in Number of Token Holders (20%) Social Media Presence and Traction (20%) Quality of Use Cases (15%) Roadmap and Milestones (10%) Liquidity Potential (10%) Alignment With Current Trends (10%)Methodology: How We Ranked The Top New Crypto Projects
With thousands of new crypto coins launching every month, it can be difficult to filter through the hordes of worthless coins to find the handful that have strong potential. New cryptocurrency releases come with particularly high risk, as they have no proven proof-of-concept or track record.
Conclusion: What’s the Top New Crypto Coin in 2024?
Investors are continuously searching for the next big crypto project. As such, today’s guide has reviewed and ranked the best new crypto coins and upcoming crypto projects to invest in. It’s a wise idea to create a diverse portfolio to spread risk and to research individual assets thoroughly.
Our pick for the best new cryptocurrency in 2024 is Pepe Unchained. It combines Pepe’s meme coin charm with vast utility and double staking yields, offering opportunities to earn $PEPU passively. Early investors benefit from up to 122% in annual staking rewards.
Frequently Asked Questions (FAQs)
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References
- US Securities and Exchange Commission (SEC): Cryptocurrency/ICOs
- MDPI: An Empirical Study of Volatility in Cryptocurrency Market
- Investopedia: Understanding Liquidity and How to Measure It
- Department of Financial Protection and Innovation (CA): Crypto Scam Tracker
About Cryptonews
Our goal is to offer a comprehensive and objective perspective on the cryptocurrency market, enabling our readers to make informed decisions in this ever-changing landscape.
Our editorial team of more than 70 crypto professionals works to maintain the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.
Whether you’re looking for breaking news, expert opinions, or market insights, Cryptonews has been your go-to destination for everything cryptocurrency since 2017.
Michael Graw 
Eric Huffman 
Eliman Dambell 
