New cryptocurrencies have historically been popular because investors see the opportunity to be at the beginning of a project’s development and, at best, benefit from potentially high performance. Getting started early makes it possible to purchase cryptocurrencies at a bargain price before they potentially rise sharply in value. These low initial valuations offer an attractive opportunity for high returns, especially if the coin becomes successful. However, there are of course risks too.
In 2024, the crypto market will be increasingly saturated as numerous new cryptocurrencies will be launched. Despite the abundance of new projects, there are still opportunities, but it is more important than ever to choose the right coins. Investors need to analyze and differentiate more carefully to identify potentially successful projects. But which new coins could convince in the summer of 2024?
Best new coins 2024: Our top 5
Pepe Unchained
Pepe Unchained has already established itself with over $1.5 million in presales in its first few days. Unlike other meme coins, New cryptocurrencies this project is based on its own Layer 2 blockchain, which is based on Ethereum and promises significantly lower fees and up to 100 times faster transactions. The first project phase, which included the website launch and the start of presales, was successfully completed. The current focus is on comprehensive marketing measures to increase awareness and drive pre-sales. Looking at the raising capital, this seems to be successful.
Zum Pepe Unchained Presale
The upcoming phase will include the launch of the ecosystem and the listing of the $PEPU token. The strong demand during the initial phase signals the potential of Pepe Unchained. For investors who missed the hype surrounding $PEPE, $PEPU is said to be an attractive alternative in the speculative market segment. According to its own statements, Pepe Unchained is the first meme coin to launch its own layer 2.
In the current presale, around 1.6 billion tokens are available at a low starting price. Investors can participate with ETH, USDT, BNB or credit card. Due to the continuous price increases, investors build attractive book profits and can at the same time enjoy four-digit staking returns.
Find out more about Pepe Unchained
Base Dawgz
Base Dawgz (DAWGZ) is a new meme coin that has raised $2.25 million in a short period of time despite general market weakness. With the resurgence of New cryptocurrencies meme coins in 2024, Base Dawgz is attracting the attention of investors.
Base Dawgz relies on an adventurous Shiba Inu mascot that creates viral branding. New cryptocurrencies Now the team wants to make DAWGZ successful with the support of the dynamic base chain community. An important success factor is the growing community, which is further strengthened by a reward program for sharing content. Anyone who distributes content via Base Dawgz receives points and later even tokens.
Find out more about Base Dawgz
However, Base Dawgz does not want to focus exclusively on Base, but rather establish it across multiple blockchains, which is made possible by Wormhole and Portal Bridge. This multi-chain strategy increases liquidity and makes trading easier. Base Dawgz also offers staking functions, with 20 percent of the total token supply reserved for this.
With a strong combination of meme branding, community engagement and hype around Ethereum Layer 2 Base, Base Dawgz is showing early signs of strength.
Go to the Base Dawgz Presale
PlayDoge
PlayDoge, meanwhile, is a new gaming coin and has already raised around $6 million in its presale. The project combines nostalgic Tamagotchi experiences with a modern play-to-earn (P2E) concept, resulting in increasing demand. Early investors are already benefiting from book profits as the price of the $PLAY tokens is regularly increased.
The combination of gaming and memes is particularly attractive because gaming is an industry with high potential for mass adoption. Meme coins have also shown strength in early 2024 and are increasing awareness. With the new P2E game, PlayDoge brings back the iconic Doge Memory as a Tamagotchi-style virtual pet.
Find out more about PlayDoge
Tamagotchis were extremely popular in the 1990s. These are digital pets that need to be fed and cared for. PlayDoge brings this concept into the Web3 era and combines it with modern blockchain technology. Players can care for their Tamagotchis while earning cryptocurrencies. This combination of nostalgia and innovation has already gained a large following on crypto Twitter.
In addition, staking PLAY tokens currently offers passive rewards with returns of up to 130 percent APY on the BNB Chain and Ethereum. Since the price will soon rise again, it might be worth taking a quick look at the meme gaming coin PLAY.
Go straight to the PlayDoge presale
WienerAI
WienerAI has already raised almost $7 million in presales using an innovative approach to the crypto market. This sum shows the high interest and trust of investors. The unique combination of meme branding and artificial intelligence is attracting a rapidly growing community that already has over 25,000 followers on platforms such as Twitter and Telegram.
The success of WienerAI can be explained by the combination of two popular trends: meme coins and AI tokens. While meme coins attract more investors through viral marketing strategies, AI tokens offer long-term technological applications. WienerAI combines these two elements.
Directly to WienerAI
At the heart of WienerAI is an AI-powered trading bot designed to make crypto trading more efficient and accessible. This bot analyzes markets using complex algorithms and identifies profitable trading opportunities. The integration of swap functions allows users to trade directly within the app. This technology is intended to improve crypto trading for all users.
In addition, WienerAI offers attractive staking options. By staking $WAI tokens on the Ethereum blockchain, investors can earn an annual return of approximately 170 percent APY. The high proportion of staked tokens shows the trust of the community and could limit the supply after the exchange launch, potentially supporting price appreciation.
Find out more about WienerAI
99Bitcoins
99Bitcoins brings a novelty to the crypto market with its “Learn-2-Earn” concept, which sees itself as a further development of Play-2-Earn. The platform rewards users immediately for their learning progress, increases motivation and makes it possible to earn money directly. Unlike traditional play-2-earn models, 99Bitcoins offers a new way to generate income by learning skills. This not only creates financial incentive, but also promotes investors’ personal financial education.
Find out more about 99Bitcoins
99Bitcoins’ approach lowers barriers to entry into the crypto market by increasing understanding of cryptocurrencies and blockchain technologies. Users can apply their acquired knowledge directly in real trading and thus make better investment decisions. The 99Bitcoins ecosystem makes learning about cryptocurrencies interactive and exciting. Users benefit directly from their progress and can redeem their 99BTC tokens for a variety of rewards. Through professional crypto trading signals and the ability to connect with like-minded people, 99Bitcoins then offers a comprehensive platform for crypto education and passive income.
The concept is particularly exciting because users can earn 99BTC tokens by learning cryptocurrencies. These tokens can be used for exclusive training courses, trading signals and VIP community access. With a staking return of over 700 percent and a community of over 700,000 YouTube subscribers, 99Bitcoins has already raised $2.3 million in the presale.
Zum 99Bitcoins Presale
Investing in new cryptocurrencies: opportunities and risks
opportunities
New cryptocurrencies offer a variety of opportunities for investors. One of the biggest opportunities lies in getting started early. Investors who purchase a new cryptocurrency at the outset have the opportunity to benefit from an exponential increase in value if the currency gains popularity. These early investments can produce significant returns.
Another advantage of new cryptocurrencies is their innovative power. Many new projects aim to solve existing problems in the crypto market or occupy new niches. Investors have the chance to be part of these innovative developments and benefit from their success.
In addition, New cryptocurrencies often offer incentives such as airdrops, staking rewards or exclusive access rights to new platforms. These additional benefits can increase the attractiveness of an early investment and generate additional returns.
Finally, the diversified market of New cryptocurrencies offers a variety of investment opportunities. This allows investors to diversify their portfolio and thus spread the risk, which can lead to stable returns in the long term.
Risks
Despite the opportunities, there are also risks when investing in new cryptocurrencies. One of the biggest risks is the uncertainty and volatility of the market. New cryptocurrencies can be subject to extreme price fluctuations, which can result in significant losses.
Another risk is the high number of fraudulent projects and so-called “rug pulls”. Some New cryptocurrencies are created solely for the purpose of fraud, with developers stealing investors’ investments and abruptly abandoning the project. This requires investors to conduct thorough research and due diligence.
There is also the risk of technological failure. Many New cryptocurrencies are based on untested concepts that may not work or be adopted by the masses.
Buying new coins: This is how it works – example Pepe Unchained
New coins in the presale can be purchased directly via the project website, often by linking the wallet to the smart contract. This differs from established cryptos that are traded through centralized (CEX) or decentralized exchanges (DEX), where you access the market directly.
Nevertheless, buying New cryptocurrencies in presale is easy – here are instructions using Pepe Unchained (PEPU) as an example:
Step 1: Create wallet
Investors first create a crypto wallet if they don’t already have one. MetaMask is a user-friendly option. It is important to make a sure note of the generated backup seed phrase. Creating a wallet is completely mobile using your smartphone and takes no more than five minutes.
Step 2: Link wallet to Pepe Unchained
Investors now visit the Pepe Unchained presale website and click on “Connect Wallet”. Now select MetaMask and confirm the transaction in the browser plugin.
Step 3: Buy $PEPU tokens
Investors can then select the desired purchase currency (ETH, USDT or credit card) and the purchase amount. One click on “Buy Now!” and confirmation in the wallet.
Step 4: Token claim
After the presale is completed, buyers can retrieve their PEPU tokens into their MetaMask wallet using the “Claim” button on the website.
The best tips: Buy new cryptos in 2024
- Thorough research
Before investors invest in New cryptocurrencies, thorough research is essential. To do this, investors look at the white paper, the team behind the project and the technological basis. They should also check whether the project pursues realistic goals and whether there are already partnerships or support from renowned institutions. A strong team with proven experience and a clearly defined application area are indicators of a potentially successful project.
- Evaluate market potential
A crucial factor when selecting New cryptocurrencies is the market potential and use cases. When it comes to meme coins, it depends on the niche the team has chosen. Cryptocurrencies with innovative solutions or unique selling points as well as new, clearly defined concepts have a higher chance of asserting themselves and gaining value.
- Virality and community engagement
A cryptocurrency’s virality and community engagement are important indicators of its future success. What matters is how often the cryptocurrency is mentioned on social media, forums and other platforms. A strong, active community can significantly influence the success of a New cryptocurrencies generating awareness, building trust, and encouraging adoption.
- Analyze tokenomics
A key aspect when evaluating New cryptocurrencies is tokenomics, i.e. the economic framework of the token. Investors are examining the token distribution, issuance schedule, and incentives for developers and investors. Fair and thoughtful distribution and sustainable incentives are crucial to the long-term stability and growth of the cryptocurrency.
Our conclusion
New cryptocurrencies offer significant opportunities and risks. Getting started early can potentially yield high returns, especially on innovative projects. Thorough research, evaluation of tokenomics, and observation of the community are crucial for making informed investment decisions. Technological innovations and the virality of the project also play an important role. Despite the promising opportunities, caution is advised as the market is characterized by high volatility. Great opportunities always come with increasing risks.
Nevertheless, the potential of some New cryptocurrencies is already emerging in the current market phase.
Here investors can take a look at the first meme-based Layer-2 Pepe Unchained (PEPU) or the crypto Tamagotchi game PlayDoge (PLAY). Learn-2-Earn via 99Bitcoins (99BTC) or the new base meme coin Base Dawgz (DAWGZ) also awaken imagination, while WienerAI (WAI) successfully combines the hot market segments of artificial intelligence and memes.