Top 11 Cryptocurrencies with the Highest Upside in 2024

If you are anything like most cryptocurrency investors, then you have spent at least some time trying to find the crypto with the most upside potential. After all, as a high risk and high reward asset class, the most successful cryptocurrencies can generate life-changing returns for early investors -but not all go on to achieve such meteoric growth.

In order to achieve the kind of stratospheric returns commonly associated with cryptocurrencies, you need to be an early investor in crypto with massive growth potential. Pulling this off can be quite the challenge, given the sheer number of cryptocurrencies to choose from. Fortunately, with the right strategy and insights, you can drastically increase your chances of securing that sweet 100x investment opportunity.

The Best Cryptos with the Highest Upside in 2024

A quick look at our picks for the crypto with the most upside this year and beyond.

1. Dogecoin20 ($DOGE20) – Hot new meme coin with the highest upside, offers over 200% staking APY.
2. 5th Scape (5SCAPE) – Virtual reality gaming crypto, $4M raised on presale. Discounts on VR products.
3. Sponge V2 (SPONGEV2) – Sponge V1 returned 100x to early investors, Sponge V2 aims to outperform that.
4. Smog ($SMOG) – Popular multi-chain meme coin will airdrop 490 million tokens on Solana.
5. eTukTuk – Project aiming to cut carbon emissions and promote financial inclusivity in Sri Lanka.
6. Bitcoin Minetrix (BTCMTX) – High upside crypto with world first stake-to-mine, raised over $12 million.
7. Bitcoin (BTC) – Largest cryptocurrency by market cap, owned by countries and companies.
8. Ethereum Name Service (ENS) – Offers an open, distributed, and extensible naming system on Ethereum.
9. dYdX (DYDX) – Popular crypto exchange running on the Starkware Layer 2 protocol.
10. Primal (PRIMAL) – Platform where users can engage with sports or workouts using a fitness tracker device.
11. Gunfire AVAX (GUNX) – A play-to-earn 2D shooting game built on the Avalanche blockchain.

A Closer Look at the Cryptocurrencies with the Most Upside

With so many ways to make money with cryptocurrency finding the top digital assets with the most upside potential is at the top of most investors’ to-do lists. At any particular time, there are potentially hundreds of cryptocurrencies with impressive upside potential.

But with more than 30,000 cryptocurrencies now in existence, it can be a challenge to pick out the most undervalued cryptos on the market.

With that in mind, we scoured the market to find the crypto with the most upside potential. Looking at key factors like market capitalization, hype, trends, development stage, and potential addressable market, we found nine worthy candidates that could become the most profitable cryptos in 2024.

1. Dogecoin20 – Crypto With The Most Upside Potential Offers 200% Staking APY

Dogecoin20 is a new cryptocurrency with the most upside potential in 2024. That’s because it follows the meme coin meta where Dogecoin, Bonk and Dogwifhat dominated the first quarter of 2024, and it offers over 200% staking APY during the early stages of the presale.

The only way to get your hands on some DOGE20 before it lists on major exchanges is to buy it during the presale. Once the presale ends, claim your tokens. You need an Ethereum wallet to connect to the presale and some ETH and USDT to complete the purchase. You can buy ETH directly with a card if you prefer.

Only 25% of the total token supply of 140 billion will be offered in the presale and 12.5% will be distributed to stakers during the first year, per the Dogecoin20 whitepaper. If you’re looking to participate, doing so as early as possible could be the most rewarding option as you’ll get the lowest purchase price and the highest staking APY.

However, expect the APY to drop as more tokens are staked as they all share the same emission pool. If you’re buying later in the presale when the APY is low, consider using the BNB coin as it comes with lower transaction fees. This could save you some money on gas fees but it won’t earn you any staking APY. If you don’t plan to stake, this could be a great alternative to acquire DOGE20.

Follow Dogecoin20 on X and join the Dogecoin20 Telegram channel for the latest information.

Presale Started	March 2024
Purchase Methods	ETH, USDT, BNB and Card
Chain	Ethereum
Min Investment	None
Max Investment	None

Visit Dogecoin20

2. 5th Scape – VR Gaming Cryptocurrency, Raised $4 Million on Presale 

5th Scape ($5SCAPE) is an innovative cryptocurrency, leveraging virtual reality principles to offer hyper-realistic gaming experiences. 

At the center of the ecosystem is $5SCAPE, the native cryptocurrency. Due to its use cases and successful presale launch, 5th Scape could offer huge upside potential. The token can be used to access exclusive VR content within the 5th Scape universe. 

Players can engage in MMA, Cricket, and Soccer-themed games and earn rewards. 5th Scape will also launch VR gaming headsets and chairs, which use precise motion tracking to offer more realistic gaming experiences. 

Token holders can also access blockbuster movies and educational content such as modules, through VR experiences. To access all these features, $5SCAPE can be purchased through the presale campaign. 

The token has a 5.21 billion token supply – 80% of which is being offered through the presale. The tokens will be allocated across 12 rounds, with the price increasing subsequently. Currently, the token price is $0.00285, but it will jump by 250% to $0.01 after it is listed on exchanges. 

The presale has already raised $4 million and targets a $15 million hard cap. Stay tuned for more updates by going through the 5th Scape whitepaper and joining the Telegram channel. 

Visit 5th Scape

3. Sponge V2 – Huge Upside Potential Due To The Success of Its Predecessor Sponge V1 That Surged 100x

Sponge V2 is the upgraded version of Sponge V1. The latter is a meme coin that had a $100 million market cap at its peak in 2023, returning 100x to early investors. But V2 isn’t just a meme coin. In stage three of the project development, the team plans to release a play-to-earn racing game. This will add utility to the coin and potentially increase demand for it.

Sponge V1 token holders can stake them on the Sponge V2 website to earn the upgraded version of the token. Those who don’t have the tokens, can buy them on the Sponge V2 site. All you need is an Ethereum wallet like MetaMask to connect to the site and ETH or USDT to complete the purchase.

You can claim your tokens in stage two of the project development, which is when the new token will be listed on major exchanges. In the meantime, stake your tokens to earn over 246% annual percentage yield. This APY will drop as more tokens are staked, which makes it prudent to stake early on.

Luckily, the team has dedicated 43% of the total token supply to staking rewards, according to the Sponge V2 whitepaper. Currently, Sponge V2 is offering staking APYs of 246%.

Follow Sponge V2 on X and join the Sponge V2 Telegram channel to get the latest information about the project. Also, join the Sponge V2 Discord if you want to engage with the community and the developers.

Presale Started	Dec 2023
Purchase Methods	ETH, USDT and Card
Chain	Ethereum
Min Investment	None
Max Investment	None

Visit Sponge V2

4. Smog – New Solana meme coin promising ‘Greatest SOL Airdop of All Time’

This dragon-themed new meme coin market on the Solana blockchain is inspired by forerunners like Myro, Bonk, and Dogwifhat that also found great success in the crypto sphere. Its claim to offer the “Greatest SOL Airdrop of All Time” has certainly caught the eye of investors looking for the next crypto to explode.

Smog rewards community engagement and active participation by promising rewards for users who buy, hold, and stake $SMOG, which is currently priced at $0.04. It is integrated with Zealy.io to keep track of and manage its airdrops.

The team behind Smog has not yet been doxxed, but there is every sign that they know exactly what they’re doing. The project was fairly launched through a Jupiter liquidity pool, causing a wave of early buying and pushing the market cap for the token beyond $1 million in its first hour.

It’s still early days for Smog but this strategy, combined with the strong Solana ecosystem, provides a healthy foundation for Smog to continue growing strongly.

You can follow Smog on X and join the Smog Telegram channel to get the latest information about the project. The Smog Discord also allows you to engage with the community and the developers.

Presale Started	N/A
Purchase Methods	SOL, USDT and BONK
Chain	Solana
Min Investment	None
Max Investment	None

Visit Smog

5. eTukTuk – Revolutionizing the Transportation Sector in Developing Countries

eTukTuk’s goal is to implement an eco-friendly electric vehicle charging infrastructure (EVSE), combat carbon emissions and introduce an affordable electric TukTuk – hence the name. By substituting traditional vehicles with eTukTuks, the project aims to deliver a cleaner, healthier alternative.

The $TUK token from eTukTuk, currently priced at $0.026, is expected to gain momentum with a probable listing later this year, which could boost its market presence and price.

Over recent months, eTukTuk has achieved some significant milestones, showcasing its prototype, revealing its Power Staking Paper, and expanding its global footprint with offices in Sri Lanka and Singapore.

It also partnered with the Capital Maharaja Group (a prominent Sri Lankan conglomerate) for its Sri Lanka launch. The platform is working on its Driver App, a crucial piece in its digital ecosystem, and plans to introduce $TUK Token on CEX (Tier 1 and Tier 2), with the help of the Sri Lankan government.

Visit eTukTuk

6. Bitcoin Minetrix – Emerging Crypto That Allows For BTC Cloud Mining With A $10 Investment

Bitcoin Minetrix ($BTCMTX) is our next pick as the crypto with the most upside potential, at present. It has an ambitious hard cap of $33 million, which will be used to further its operations of revolutionizing the BTC cloud mining industry.

At present, Bitcoin mining is dominated by large, centralized mining operations. Mining factories have millions of dollars worth of equipment and it is known to be an environmentally damaging process, as well as very noisy. Regular investors just can’t compete. Even the BTC cloud mining industry is beset with many shady providers and higher upfront investment costs. So there is no viable way to mine Bitcoin, as was originally intended.

Until Bitcoin Minetrix can along with the world’s first stake-to-mine. This is an Ethereum-powered presale where users can simply purchase and stake $BTCMTX, earn cloud mining credits, and burn them for Bitcoin. It’s a simple yet ingenious concept. Staking $BTCMTX generates non-transferrable ERC20 token credits that can be burned in exchange for Bitcoin cloud mining power.

It makes the market open to the average retail investor. The miner can choose to burn, stake, or withdraw tokens through a single dashboard. This gives them complete control to manage their operations, all with just a $10 upfront investment cost. The dashboard provides an overview of daily, monthly, and weekly rewards. It also presents key metrics such as ‘Mining Credits Earned’ and ‘Mining Power Bought’.

Right now, the PoS APY for this project is about 66% with over 628 million staked coins.

The current price per token is $0.0132, though this will rise to $0.0148 by the final stage (stage 39). Needless to say, earlier investment generates greater benefits, in terms of both APY and price differentials.

The Bitcoin Minetrix Whitepaper can be read for additional details.

Users can also join the Bitcoin Minetrix Twitter account for important updates.

Presale Started	October 2023
Purchase Methods	ETH, USDT, BNB
Chain	Ethereum
Min Investment	$10
Max Investment	None

 

7. Bitcoin (BTC) – Cryptocurrency with the Most Upside Potential

By far the best-known cryptocurrency, Bitcoin is a worldwide phenomenon in its own right. As the very first blockchain-based digital asset that has been slowly gaining momentum since 2009, Bitcoin kickstarted an entire industry and is widely regarded as the gold standard in cryptocurrency.

Both cryptocurrencies and blockchain technology were invented by the so-called ‘father of Bitcoin’ — Satoshi Nakamoto, its enigmatic inventor and a legend in his/her/their own right.

It wasn’t until 2013 when BTC reached well over $1,000 that the concept started to gain serious traction. Since then, the idea of digital assets living on a blockchain ledger has caught on, leading to the rapid evolution of the cryptocurrency space — with tens of thousands of crypto coins now populating the market today.

Within just over a decade, Bitcoin has gone from $0 to a peak of over $68,500 in November 2021 — providing a roughly six million percent return on investment for early holders. It has frequently been estimated that Bitcoin can reach over $100,000 – or potentially even $1 million – in the coming years as demand for an inflation-resistant and censorship-resistant asset grows.

If this holds true, Bitcoin may very well be the cryptocurrency with the most upside potential long term. It’s also one of the few mining Proof-of-Work cryptocurrencies.

What makes BTC exciting is that it has a fixed supply of 21 million coins, most of which have already entered circulation. The emission of the remaining supply is set to half every four years while both retail and institutional adoption grows with time. This provides a recipe for long-term growth, allowing Bitcoin to become well-known as the highest upside cryptocurrency.

8. Ethereum Name Service (ENS) – High Risk Crypto DNS Provider

Launched in November 2021, Ethereum Name Service (ENS) is the most widely used integrated blockchain naming standard. Currently supporting more than 2.1 million names, 506 integrations, and 541,000 unique owners, it has already achieved a great deal of success.

The platform acts as a distributed, open, and extensible naming system based on the Ethereum blockchain. Its naming service includes wallet names, websites, avatars, and practically anything Web3-related.

Access to the naming service is available to anyone with an internet connection directly via the app, which makes it easy to find, acquire, and manage a human-readable name for their on-chain wallets and assets.

The platform has its own native token, known as ENS. This is the primary governance token for the Ethereum Name Service, allowing holders to table and vote on proposals that change how it operates — ensuring it always aligns with the will of the community.

Due to the unlimited application potential, ENS falls in the category of cryptos with the biggest upsides. However, it can also be considered high risk, due to the sheer number of competitors and competing blockchains that now exist.

Nonetheless, the value of ENS has shown remarkable strength in recent times, despite the overall crypto market downtrend.

9. dYdX (DYDX) – High Risk High Reward Perpetual Contracts Exchange

dYdX is a popular crypto exchange running on the Starkware Layer 2 protocol. Since it launched in February 2021, it has achieved an impressive aggregate trading volume of over $690 billion, and regularly clocks in more than $1 billion in daily trading volume.

The derivatives platform is unusual in that it can be accessed from a web browser as well as a mobile device, reducing barriers to entry. It also allows users to trade with up to 20x leverage in a completely decentralized fashion — leading the market for decentralized perpetual contracts.

The platform is constantly being updated to improve the UI/UX experience and grow the number of contracts available to trade. Likewise, thanks to the low fees and fast execution times enabled by the L2 solution, it is popular among both professional and institutional traders.

The platform’s native governance token is known as DYDX. This gives users to ability to vote on how the protocol operates — including trading fees, partner incentives, development goals, and more.

But since derivatives are a highly regulated industry, there is a chance this could adversely impact dYdX and the DYDX token — making it a high risk high reward cryptocurrency.

10. Primal (PRIMAL) – Low Cap Move-to-Earn and Athlete Engagement Platform

The sports industry is huge and is currently estimated to have a global market size of at least $300 billion, attracting huge attention, sponsorship funding, and fan engagement.

Blockchain technology is now being used to push innovation in the sports industry by powering a range of tokenized fan engagement platforms. These often use a range of technologies, including blockchain, cryptocurrencies, NFTs, and play-to-earn games to improve the experience for fans and unlock new revenue streams for brands and sports stars.

Primal, a fan-based infrastructure project is one of the projects innovating in this arena and looks to blend move-to-earn and fan-athlete experience tokenization to a broader audience.

The platform enables users to engage with any sport or workout while wearing a fitness tracker device. Its users can join the inner circle of athletes and train with their favorite sports stars — all while being rewarded with athlete fan tokens that can be traded, spent on rewards, or cashed out.

The platform will use three tokens: a reward token known as ENRGY; an in-app workout reward token called COMBAT, and PRIMAL — the governance token used to shape the platform and fine-tune its economics.

With strong connections to the Step App project, which recently achieved 14,800% returns for public sale participants, Primal could be the crypto with the most upside potential in 2024. It’s still early-stage, having only just completed its private sale, but looks to be a promising prospect for 2024.

11. Gunfire AVAX (GUNX) – High Risk High Reward P2E Game

With an estimated market size of $180.3 billion in 2021, it is no surprise that the blockchain gaming narrative is becoming mainstream. While the crypto gaming landscape has seen several GameFi projects rise and fall, the industry is still bustling with innovation and promise.

Gunfire is one such project that holds a lot of potential but its token economy is still in its early stages of development.

Built as a 2D shooting game on Avalanche, Gunfire AVAX looks to bring high-octane gaming to the Avalanche ecosystem and leverages a finely-tuned play-to-earn system to reward players for their in-game triumphs in the form of AVAX tokens.

The game has been available to play since summer and is quickly gaining a reputation as the world’s first blockchain-driven tournament-only game.

Assuming that the token launch rumors are accurate, the earning model is likely to change in the near future, placing the native GUNX token at the center of the Gunfire economy. Until now weekly tournaments, the NFT marketplace, and referral programs were the only ways to dive into the game.

The game already has an active and growing community, but can still be considered a high risk high reward cryptocurrency due to its huge addressable market but still relatively unproven product.

Why do Investors Choose High Risk High Reward Cryptos?

Cryptocurrencies are well-known as perhaps the most lucrative asset class of all time – but they’re not completely without risk.

Given their extreme volatility, the value of cryptocurrencies can swing wildly in either direction. The goal of cryptocurrency investors is to select assets that stand to gain more than they could possibly lose.

As such, digital assets can be stratified into three risk tiers: low, medium, and high risk cryptos. Typically, cryptocurrencies with a lower risk profile have the lowest potential upside — since they tend to be well-known, widely used, and heavily traded. Conversely, high risk cryptocurrencies tend to have the most growth potential, but also the highest chance of failing.

Many traders opt to trade high risk high reward cryptocurrency since they can represent asymmetric risk opportunities. Put simply, some high risk cryptos can lose a maximum of 100% of their value, but could potentially gain far more than 100%.

Indeed, in the last two years alone, dozens of so-called “high risk crypto assets” have recorded well over 10,000% returns for early investors.

This includes the likes of:

• Shiba Inu (SHIBA): 43,000,000% (43 million percent) growth in 2021
• Terra (LUNA): 13,000% growth in 2021
• Axie Infinity (AXS): 12,000% growth in 2021
• Solana (SOL): 10,000% growth in 2021

It is the investor’s job to identify the cryptos with the highest upside for the lowest risk. Cryptocurrencies with an excellent risk/reward ratio can make excellent investments, but in most cases, investors should invest just a small amount of their capital in this category.

It’s also important to note that most high risk cryptos don’t keep climbing forever. So traders need to identify their exit points even when trading assets with a lot of potential left. The risk/reward ratio of an asset can skew toward excess risk when it has already appreciated considerably.

Those with a very limited investment budget may be inclined to search out the best high risk high reward crypto assets since they can represent opportunities to strike it rich without risking a large sum. After all, had someone invested $100 into Shiba Inu on January 01, 2021, and held until today, their investment would be worth $15 million.

That being said, few investors actually manage to hold onto their assets long enough to achieve such staggering returns — continuing to hold an asset that has already multiplied 10,000% or even 100,000% is no simple feat.

How to Find the Best High Risk High Reward Crypto

As you might expect, the vast majority of high risk cryptocurrencies fail to achieve notable success. Simply investing in random high risk cryptos would likely result in painful losses that could have been easily avoided with better project selection.

If you take the time to survey the landscape, you will find that the cryptos with the biggest upside tend to have features in common — such as an extremely low initial market capitalization, feverish hype and community sentiment, and an ambitious development schedule.

But given the sheer number of projects to sort through, finding the right opportunities can be time-consuming.

Fortunately, there are several ways to make finding the best high risk high reward cryptocurrencies a much quicker and easier task. These include:

Filter Through Low Caps

Low cap cryptocurrencies are defined as those with a low market capitalization. Many traders consider any cryptocurrency with a circulating market capitalization of less than $10 million to be a low cap.

These can represent asymmetric investment opportunities since they are still largely under the radar and their long-term potential might not be priced in.

Many of today’s largest projects started off life as a low cap but had the right mix of fundamentals to achieve considerable growth.

Popular aggregators like CoinMarketCap and CoinGecko can be used to find low-cap cryptocurrencies, after which you can do further research to determine their viability.

Leverage Dextools

Dextools and similar platforms like Poocoin and Cryptokek can be used to quickly identify cryptocurrencies at their very earliest stages — that is, when they are first listed on popular decentralized exchanges like Uniswap or PancakeSwap.

By spotting these assets shortly after their initial listing, you can scoop them up at the lowest possible prices.

This system should only be used to identify potential cryptos with the highest upside, after which you should do more in-depth research to get a better grasp of their fundamental strength before considering an investment.

Most of these will have little to no utility, and practically zero long-term potential. But some have the right stuff to defy the odds.

Consider Meme Coins

Despite their comical origins and frequent lack of real ambition or utility, some meme coins are no joke.

Throughout 2020 and 2021, several of the best-performing projects were meme coins. With assets like Dogecoin, Shiba Inu, Dogelon Mars, Baby Doge, and SafeMoon achieving staggering returns for early investors.

As such, if you’re looking for the cryptocurrency with the most upside potential or the best high risk high reward crypto, meme coins like Tamadoge are worth considering.

Early-stage meme coins can often be found by searching Twitter using the #memecoin hashtag, or by diving into newly listed DEX tokens via Dextools or Cryptokek.

Forked Coins

Layer 1 gas coins are unusual among cryptocurrencies in that they can be forked. When a difference in opinion causes a schism in the community, this can lead to the production of fork coins and tokens.

Some of the highest upside cryptocurrency coins ever have resulted from forks. Including well-known assets like Bitcoin Cash (BCH), Ethereum (ETH), Terra (LUNA), and Bitcoin SV (BSV).

To put the potential returns into perspective, Bitcoin Cash opened on public markets at around $290 per coin but reached a peak value of $3,785 a month later — equivalent to a return of 1,200% in just four weeks.

Though most forks never go on to develop much traction and remain almost worthless, some can develop a thriving ecosystem in their own right. Because of this, fork coins can be considered a type of high risk high reward cryptocurrency.

In most cases, prominent forks will be well publicized before launch, giving you enough time to research their strength before investing.

Browse Presales

In many cases, cryptocurrencies are sold to investors in different early-stage rounds, giving early participants the opportunity to buy tokens at the lowest possible prices before they list on an exchange and become available to secondary market buyers.

Sometimes, the discount these early-stage investors get is significant, allowing them to secure a sizeable profit if the asset is popular on secondary markets.

TAMA, for example, sold out its presale in less than eight weeks, raising $19 million and is now listed on OKX, while IMPT raised $500,000 in less than 48 hours.

When buying high-risk cryptos, the lower your entry price and the earlier you enter the better. This is why the best crypto presales can represent excellent opportunities for high-risk crypto connoisseurs.

See our recent guide for a list of the best cryptos to buy now.

Conclusion

In your search for the crypto with the most upside potential, you will almost certainly stumble across meme coins, low caps, and early-stage projects that have a high amount of risk associated with them.

Your job is to find the cryptos with the highest upside but lowest possible risk. By taking positions in cryptocurrencies with an excellent risk-to-reward ratio, you can maximize your chance of securing considerable returns.

Barring rare exceptions, high risk high, reward cryptocurrencies are the only reliable way to achieve substantial returns from a single investment.

One of the tokens boasting upside potential right now is Dogecoin20 ($DOGE20). This new meme coin has raised over $4.4 million within two weeks and offers over 200% staking APY during the early stages of the presale.

Visit Dogecoin20

FAQs

Which cryptocurrency has the most upside potential?

The cryptocurrency industry is as wide as it is deep. Stand-out cryptocurrencies across all sectors and niches have the potential to generate substantial upside returns but finding these at an early stage is easier said than done.

That said, it is widely acknowledged that meme coins, low caps, and presale stage projects often represent the best investment opportunities, but can be considered high risk and high reward. As such, Dogecoin20 and Bitcoin Minetrix are worth considering.

What is a high risk/high reward crypto?

Cryptocurrencies are well-known to be one of the most profitable asset classes of all time. But even within the sector, there is a class of coins/tokens that stand out as the most profitable — these are known as high risk, high reward cryptocurrencies.

The cryptos with the highest upside also tend to have the highest associated risk — since they’re often very early stage, obscure, unproven, or highly speculative. They generally have a very low market capitalization and have an excellent risk-to-reward ratio.

This makes them attractive investments for those looking to secure the highest possible returns.