11 New Cryptocurrency to Invest in 2024

The crypto market is still relatively young compared to ‘traditional’ asset classes, such as equities and bonds. As such, new and exciting projects are launching on a regular basis, each looking to obtain market share from leading coins like Bitcoin and Ethereum.

In this guide, we take an in-depth look at ten of the best new crypto coins for 2024, touching on what they are, their price potential, and how to invest in them today – with low trading fees.

A Closer Look at New Cryptocurrency to Buy

Investors looking to buy cryptocurrency must ensure that any potential investment opportunity is suitable for their portfolio, whether in terms of risk level or diversification. Fortunately, the list above presents an array of different possibilities – ensuring there’s an option for all investor types.

So, without further ado, let’s dive in and explore the best new crypto coins to hit the market this year. Some of these cryptos could also become the best future cryptocurrencies on the market in 2024.

1. Tamadoge (TAMA) – Top New Crypto Presale to Invest in

Tamadoge is a play-to-earn (P2E) decentralized platform and the central currency of the Tamaverse. This ecosystem allows users to battle with each other to create, breed and compete with their NFT doge avatars to earn dogepoints. 

TAMA is the main cryptocurrency of the Tamaverse, used for rewards, buying NFTs, and processing transactions. Tamadoge pets are the focus of this crypto project. Each pet is created as an NFT through smart contracts and can be bred by their owners to compete in the Tamaverse and earn TAMA tokens.

TAMA is an ERC-20 token with a max supply of 2 billion tokens. Unlike other meme coins like Doge, TAMA is a deflationary token. Users purchase Tamadoge pets on the TAMA store, where 5% of all transactions are burnt. Furthermore, 30% of TAMA tokens will be used for marketing purposes, whereas 65% are distributed to the P2E dogepools from where rewards are distributed. 

TAMA began its presale launch in July 2022. As part of the platform roadmap, the developers are looking to launch the Tamadoge Onramper – through which users can buy TAMA with fiat currency via MetaMask or Wallet Connect. 

Since the Tamaverse is in its infancy stage, the multi-utility platform will be working on launching the token on several centralized exchanges and making key metaverse partnerships in 2022 and 2023. That makes TAMA one of the best beginner crypto to invest in.

2. Battle Infinity (IBAT) – Best New Crypto to Buy in 2024

Through extensive research and testing, we’ve determined that Battle Infinity looks set to become the best new crypto to buy this year. Battle Infinity is a fully-audited best metaverse platform that combines exciting P2E elements with a rich virtual world. Within the Battle Infinity metaverse (called the ‘Battle Arena’), users can participate in six different platforms – with the entire ecosystem KYC-verified by CoinSniper. As such, Battle Infinity offers traders a way to invest in the metaverse.

These range from an innovative fantasy sports league (featuring NFTs) to an autonomous DeFi exchange, allowing users to swap tokens instantly. There’s also a built-in NFT marketplace and a user-friendly staking mechanism, allowing for regular passive income to be attained. Finally, users can also browse the IBAT Battle Games section, which contains numerous multiplayer P2E games featuring NFTs.

Battle Infinity’s ecosystem is run using $IBAT – the platform’s native BEP-20 token. $IBAT has a total supply of 10 billion tokens. Not only can $IBAT be generated as a reward for skilled gameplay, but it can also be used to purchase advertising space on virtual billboards and staked in the ‘Global Staking Pool’.

Battle Infinity was the fastest crypto presale to sell out this year, thanks to the project’s exciting roadmap, hitting its hard cap in 24 days.

The roadmap details plans for its first exchange listing on PancakeSwap, along with the dApp Alpha release and merchandise store launch – with regular updates noted in the Battle Infinity Telegram group (admins will never DM you first). There are even future plans for celebrity marketing and NFT land sales, highlighting the scale of the development team’s ambitions.

3. Lucky Block (LBLOCK) – Popular New Crypto Project Offering Regular Jackpots

Another of the best new crypto coins is Lucky Block. Lucky Block is an NFT competitions platform that has burst onto the scene in early 2022, with one of the best crypto presales, offering users a compelling way to participate in regular prize draws.

Hosted on the Binance Smart Chain (BSC), Lucky Block’s platform is entirely decentralized and removes geographical boundaries – ensuring anyone can enter these lucrative draws. Lucky Block was one of the best crypto ICOs in 2022.

Lucky Block’s platform is made operational through LBLOCK, its native BEP-20 token. LBLOCK has proved to be one of the best low cap crypto gems this year, producing quadruple-digit returns for presale investors after launching on PancakeSwap back in January. Aside from its investment potential, LBLOCK is a vital component of the Lucky Block ecosystem, allowing users to buy tickets to daily prize draws.

The platform’s first-ever draw was held on May 31^st and completed by rap superstar Swae Lee. This draw gave away $1 million worth of LBLOCK to two lucky winners (one an NFT holder) and marked the beginning of Lucky Block’s regular jackpot draws. Notably, everyone who owns LBLOCK receives a free ticket to these draws, with jackpots being funded through additional ticket sales and a tax whenever an investor sells their holdings.

Finally, Lucky Block NFTs are also a crucial part of the ecosystem, as each NFT holder is automatically entered into an additional prize draw worth an estimated $10,000 daily. There are 10,000 Lucky Block NFTs in existence, although 25 of them are designated as ‘Rare Editions’ – doubling the prize pool if the holder’s number comes up. All in all, these elements ensure Lucky Block is one of the best new crypto projects this year.

4. DeFi Coin (DEFC) – Exciting New Cryptocurrency to Invest In Within the DeFi Sector

Another of the best new cryptos to watch in 2024 is DeFi Coin. DeFi Coin, as the name implies, has a foothold within the rapidly-growing decentralized finance sector and is the native token of the new DeFi Swap exchange. This DEX allows users to swap, yield, and stake a wide selection of tokens – whilst offering some of the best DeFi interest rates on the market.

Since DEFC is native to the DeFi Swap exchange, the token’s value is inextricably tied to the platform’s growth. This was evidenced back in May, when the token’s price rocketed over 300% in a single day, following the long-awaited launch of DeFi Swap. Due to the exchange’s various use cases, DEFC immediately became one of the best DeFi coins on the market for speculative investors.

Another reason DeFi Coin has proved to be one of the best new cryptocurrencies this year is its ‘static rewards’ system. This system implements a 10% tax whenever someone buys or sells DEFC – with half of the proceeds immediately distributed back to remaining DEFC holders. Ultimately, this creates a regular passive income stream and provides a reason to hold DeFi Coin long-term.

Looking ahead, the Defi Coin team already have numerous exciting plans in the works, such as ‘DeFi Swap V2’, which looks to add technical analysis, webinars, and other features to the exchange. The team is also creating a mobile app that will allow investors to swap tokens and generate a yield on the go. Finally, given that the DeFi Coin Telegram group now boasts over 10,000 members, the token’s community backing could play a significant role in its growth going forward.

5. Dogecoin (DOGE) – Best New Cryptocurrency with ‘Meme Coin’ Potential

Although technically not one of the newest cryptocurrencies on the market, Dogecoin remains a popular option due to its ‘meme coin’ designation. Investors worldwide continue to buy Dogecoin thanks to its incredible community backing – both on social media and from high-profile names. One of the most prominent names backing DOGE is Elon Musk, who has tweeted about the token numerous times.

Dogecoin has been back in the news lately due to the lawsuit against Musk, claiming that DOGE is a ‘pyramid scheme’. However, the case has brought more attention to the token, leading to double-digit gains in recent days. Ultimately, Dogecoin remains one of the best new cryptos for risk-seeking investors looking to achieve market-beating returns.

Cryptoassets are a highly volatile unregulated investment product. 

6. Avalanche (AVAX) – One of the Newest Cryptos Looking to Rival Ethereum

Another of the best new cryptocurrencies to keep an eye on is Avalanche. Avalanche has emerged as a viable rival to Ethereum, offering a faster and more scalable network for developers to build decentralized applications (dApps). Furthermore, since Avalanche is made up of three separate blockchains, the network offers much lower fees than many of its rivals.

Avalanche uses a directed acyclic graph (DAG) consensus protocol rather than PoS or PoW, which has been shown to make fraudulent transactions nearly impossible to facilitate. The network’s native token, AVAX, is used for validation and network fees – although it is also burned regularly to increase long-term value. Due to its potential, Avalanche is the newest crypto coin to capture the attention of vast numbers of retail traders.

Cryptoassets are a highly volatile unregulated investment product. 

7. Hedera Hashgraph (HBAR) – Best New Cryptocurrency with Unique Blockchain Technology

One of the top new cryptocurrency releases for 2024 is Hedera Hashgraph. Unlike many of the most undervalued cryptos, Hedera Hashgraph isn’t actually a blockchain-based project. Instead, it is a network using a directed acyclic graph (DAG) protocol that makes transaction speeds faster as more transactions are completed.

This network has scaled hugely over the past year and now claims to be able to handle over 100,000 transactions per second. Hedera Hashgraph’s primary use case is payment processing, as it looks to rival companies like Visa within this area. Furthermore, since the network has full support for smart contracts, developers can even launch new and exciting dApps within various niches.

See our full guide on how to buy HBAR.

Cryptoassets are a highly volatile unregulated investment product. 

8. Theta (THETA) – Top New Cryptocurrency Today Featuring Compelling Use Case

Those who invest in cryptocurrency regularly may have heard of Theta, which has burst onto the scene over the past year. Theta is considered one of the best new crypto coins because it aims to revolutionize how video streaming works. This is accomplished by making the process decentralized rather than centralized (as is the case with YouTube).

Content creators will get paid for sharing videos in TFUEL – one of the Theta network’s native tokens. The network uses the THETA token for governance, although it can also be used for staking, which exchanges it into TFUEL. Finally, Theta has already garnered investment from leading companies like Sony and Samsung, highlighting why it is the newest crypto coin on our list.

See our complete guide to buying Theta.

Cryptoassets are a highly volatile unregulated investment product. 

9. ApeCoin (APE) – Newest Crypto to Watch with High Price Potential

One of the new crypto projects with high potential catching investors’ attention this year is ApeCoin. ApeCoin is closely linked to the Bored Ape Yacht Club (BAYC) collection – one of the most expensive NFTs on the market. Although APE is not directly created by the collection’s developers, it was airdropped to NFT holders upon launching in early 2022.

ApeCoin has also been announced as the native token of ‘The Otherside’, BAYC’s upcoming metaverse project. The token has also been implemented into other blockchain-based games, such as the super-popular Benji Bananas. As such, many think ApeCoin is the best new crypto to invest in for long-term value potential.

Cryptoassets are a highly volatile unregulated investment product. 

10. Fantom (FTM) – Unique Blockchain Network with Low Fees

Fantom could potentially be the best new crypto for 2024 due to its appeal relative to ‘legacy’ blockchain platforms. Put simply, Fantom is a blockchain network that uses similar technology to Hedera Hashgraph, enabling it to offer lower fees and faster transaction speeds than other networks. Investors who buy Ethereum will attest that this has become a significant issue over the past year.

Another great aspect of Fantom is that it is compatible with the Ethereum Virtual Machine (EVM), meaning dApp developers can port their applications over to Fantom if they wish. There are already numerous popular dApps on the Fantom network, such as SpookySwap and Fantom Finance. Given the continued delays for Ethereum’s ‘Merge’, Fantom could be one of the best new crypto coins within the blockchain space.

Cryptoassets are a highly volatile unregulated investment product. 

11. Ankr (ANKR) – Exciting New Crypto Today with Interoperability Use-Cases

Ankr is the latest addition to our list of new cryptos to watch due to its revolutionary take on interoperability. Instead of being a blockchain network, Ankr is a platform that offers numerous tools for dApp developers within several niches, including DeFi and NFTs. Ankr also has a protocol called ‘Ankr Earn, which allows investors to stake across multiple chains.

In addition, Ankr allows developers to set up their own nodes, which can be accessed remotely. As such, this dramatically streamlines the node-setup process – which tends to be costly and time-consuming. Overall, as the blockchain industry expands and interoperability becomes more critical, Ankr looks set to become one of the most popular new crypto listings in 2024.

Cryptoassets are a highly volatile unregulated investment product. 

How to Find the Newest Cryptocurrencies

Finding new cryptocurrency releases for 2024 can be time-consuming, especially for newcomers to the crypto market. However, there are a few widely-used approaches that can narrow down the selection of potential assets and highlight projects with high value potential. Let’s take a look at a few of these below:

• Look for ICOs: Initial Coin Offerings (ICOs) are a popular way for crypto developers to raise funds for a new project. These involve selling tokens at a reduced price, aiming to increase capital reserves and boost awareness. Although many ICOs end up amounting to nothing, there are always a few ‘diamonds in the rough’ which can provide exceptional returns.
• Browse Social Media Sites: Many of the newest crypto coins are regularly discussed on social media sites – with Reddit and Twitter being two of the most prominent. In addition, many of the best crypto YouTube channels will analyze new crypto projects, which tends to draw the attention of investors.
• Stay Up-to-Date with the Latest News: Finally, crypto news sites are a great way to keep tabs on recently-released projects – especially those attracting a great deal of attention. However, it’s best to use reputable news sites, as these offer unbiased reporting.
• Store your new cryptos in a secure wallet: Choosing a trusted crypto wallet is essential when looking to store crypto assets. For example, our Exodus wallet review covers all the key metrics a trader needs to know when holding digital assets in 2024.

How We Ranked the Best New Cryptocurrencies

Choosing which are the best altcoins and which should be avoided can be challenging, especially given how saturated the crypto market is. However, when making our list of the best new crypto coins, we employed various techniques that helped uncover which projects had the highest potential.

Firstly, we scoured social media for crypto projects attracting retail traders’ attention. Although many were ‘meme coins’ or featured no real use cases, a few stood out (such as Lucky Block and DeFi Coin). We then reviewed the price chart for these cryptos, ensuring that price had exhibited positive momentum in the past and wasn’t simply a ‘pump and dump’ scheme.

We also reviewed each project’s whitepaper and roadmap, as these two resources are crucial when determining a token’s long-term prospects. In addition, we researched the development team behind the projects, ensuring they had the relevant experience and skill set to succeed. Finally, we also reviewed the ‘tokenomics’ of each of the new cryptocurrencies on our list, looking for burn mechanisms and capped supplies – which tend to promote long-term price appreciation. 

Are New Crypto Coins a Good Investment?

Before we dive into the investment process, let’s take a look at some of the main reasons why new crypto coins may constitute a good investment opportunity:

High Returns Potential

The main reason that people invest in the best new crypto coins is that they often have a low valuation – providing scope for high returns. This was evidenced by Lucky Block’s presale price, which enabled early investors to generate quadruple-digit returns once the token was listed on PancakeSwap. Although investing in recently-released cryptos can be risky, it often allows savvy traders to obtain returns they wouldn’t usually be able to with established coins.

Take Part in a Growing Community

Many of the best cryptos to buy on Reddit have a large following, meaning investors can become part of a growing community. A great example of this is Dogecoin, which has over 2.3 million members on its official subreddit. An added benefit of being part of these communities is that it provides a platform for friendships to be formed and other investment opportunities to be highlighted.

Innovative Use Cases

Finally, the best new cryptos tend to offer compelling use cases in an attempt to stand out from the crowd. Lucky Block and DeFi Coin have both taken this approach, which has allowed these tokens to increase in value over the past few months. Adding new use cases also helps draw more investment to the token – leading to further price appreciation.

New Coin Launches

One of the upcoming new coin launches we’ve reviewed in 2022, including on this guide is Battle Infinity (IBAT) – which has now sold out its presale early.

That high level of early investor interest demonstrates how brand-new coin releases and their presale, private sale or ICO periods can be profitable due to hype and limited downside.

New coins are in the early stage of their Gartner hype cycle, with the most inflated expectations (whether justified or not) and have the most potential upside.

Even though the chart above initially was applied to new technologies and tech stocks, new cryptos launched on the market tend to follow a similar trajectory – the Gartner hype cycle resembles many altcoin charts, especially the initial ‘mania’ and ‘FOMO’ cycle followed by a correction.

New crypto projects that deliver on their use case – reaching a high valuation based on their utility, then recover from that correction and can reach the ‘plateau of productivity’ stage – which in cryptocurrency could be analogous to a retest of the prior all time high or breaking out into price discovery to set new highs, before a retest of the ATH as support.

New Crypto Listings

New cryptocurrency exchange listings can also cause a ‘pump’ in a crypto coin’s valuation even if only in the short term. The extra liquidity and trading volume offered by being listed on an extra exchange can then help that token steadily grow in the long term.

For example Lucky Block (LBLOCK) which we reviewed above hit its all time high of just under one cent the same day it was listed on its first CEX (centralized exchange) LBank. Prior to that it was only listed on a DEX, PancakeSwap.

Official Announcement – #CEX listing confirmed!

Exchange: @MEXC_Global ✅
When? 1st of August ️

With 24-hour trading volumes of more than $700 million, MEXC is a significant player among centralised exchanges.

More listings will follow soon – stay tuned! #crypto pic.twitter.com/DNpj4A8sSu

— Lucky Block Casino & Sportsbook (@luckyblockcoin) July 11, 2022

LBLOCK has an upcoming new crypto listing in August 2022 on MEXC exchange which could cause another rise in the token price. That will be its second CEX listing.

Where to Buy New Crypto Coins

Investing in the best new cryptocurrency projects has never been easier due to the incredible popularity of these projects with retail investors. One of the best platforms to make crypto investments is eToro, which boasts over 26 million clients from countries around the globe. In addition, eToro is regulated by top-tier entities such as the FCA, ASIC, CySEC, FinCEN, and FINRA – providing a high degree of investor protection.

As one of the best cryptocurrency exchanges on the market, eToro allows users to invest in over 70 cryptocurrencies with low trading fees. Fees are set at only 1% per trade (plus the market spread), ensuring a high degree of transparency. Furthermore, eToro offers a handy ‘fractional investing’ approach, meaning that positions can be opened from only $10.

eToro’s minimum deposit threshold is also only $10, which can be made via credit/debit card, bank transfer, or e-wallets (e.g. PayPal, Skrill). Once a deposit is made, users can begin investing in the best new crypto coins using eToro’s web-based portal or mobile app. The latter is particularly useful for investors who are on the go all day, offering real-time price charts and a selection of technical indicators.

Finally, eToro offers a way to store the newest crypto coins using the eToro Money wallet. This is one of the best crypto wallets on the market, providing support for hundreds of crypto-assets. The wallet even features advanced standardization protocols and an unlosable private key, significantly bolstering its security level.

Cryptoassets are a highly volatile unregulated investment product. 

How to Buy Lucky Block

As noted earlier, Lucky Block remains our pick for the best new crypto for 2024. Investors looking to buy Lucky Block today can do so by following the five simple steps below:

• Step 1 – Set Up a Crypto Wallet: Set up a crypto wallet that is compatible with the Binance Smart Chain (BSC) – we recommend using MetaMask.
• Step 2 – Purchase BNB: Buy some Binance Coin (BNB) through a reputable exchange or the Lucky Block website.
• Step 3 – Link Wallet to PancakeSwap: Go to PancakeSwap’s homepage, click ‘Connect Wallet’, and follow the on-screen instructions to link your wallet.
• Step 4 – Enter LBLOCK Contract Address: Click ‘Swap’ and enter LBLOCK’s contract address (0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb) to set up the trade.
• Step 5 – Swap BNB for LBLOCK: Finally, enter the amount of BNB you’d like to swap for LBLOCK and confirm the trade.

How to Buy DeFi Coin

Although Lucky Block is our number one pick, DeFi Coin is a close second. With that in mind, investors can buy DeFi Coin instantly by following the five steps presented below:

• Step 1 – Open a Crypto Wallet: Set up a BSC-compatible crypto wallet, such as MetaMask.
• Step 2 – Buy BNB: Purchase some Binance Coin (BNB) through a respected broker or exchange and transfer your holdings to your crypto wallet.
• Step 3 – Connect Wallet to DeFi Swap: Head to DeFi Swap’s homepage, click ‘Connect to a wallet’ and follow the on-screen instructions to link your wallet to the exchange.
• Step 4 – Swap BNB for DEFC: On the ‘Swap’ page, enter the amount of BNB you’d like to exchange for DEFC in the order box, then click the ‘Swap’ button
• Step 5 – Add DEFC Contract Address to Crypto Wallet: Click ‘Import Token’ on your wallet’s settings menu and add the following contract address to that your new DEFC tokens are accessible – 0xeb33cbbe6f1e699574f10606ed9a495a196476df

How to Buy New Crypto Coins on eToro

Finally, many of the projects mentioned on our list of new cryptocurrencies can be purchased by partnering with eToro – one of the world’s most popular online brokers. With that in mind, the steps laid out below provide an easy-to-understand walkthrough of the investment process:

• Step 1 – Create an eToro Account: Head to eToro’s homepage, click ‘Start Investing’, and provide an email address, username, and password to create an account.
• Step 2 – Verify Account: Verify your eToro account by completing the required KYC checks before uploading proof of ID (e.g. passport) and proof of address (e.g. bank statement).
• Step 3 – Make a Deposit: Deposit at least $10 into your eToro trading account via credit/debit card, bank transfer, or e-wallet (e.g. PayPal).
• Step 4 – Search for Crypto: Type the name or ticker symbol of the coin you’d like to invest in into eToro’s search bar and click the ‘Trade’ button.
• Step 5 – Buy Crypto: In the order box that appears, enter your desired position size (minimum $10) and click ‘Open Trade’.

Cryptoassets are a highly volatile unregulated investment product.

Best New Crypto Coins – Conclusion

To conclude, this guide has provided an in-depth analysis of the best new crypto coins on the market, highlighting their various use cases and the potential they have going forward. Although the crypto market is undoubtedly a volatile place at present, these coins remain highly sought after – and could rebound rapidly once this bearish period is over.

As highlighted earlier, Battle Infinity is our pick for the best new crypto coin in the market right now. The hype surrounding Battle Infinity’s upcoming launch has gathered pace, driven by the unique combination of P2E-gaming elements and a rich metaverse. Selling out its presale in 24 days, IBAT may potentially become one of the fastest growing cryptocurrencies.

With numerous ways to earn rewards and generate capital gains through NFT trading, Battle Infinity looks set to continue growing in popularity in the months ahead.

Tamadoge - The Play to Earn Dogecoin

Our Rating

• '10x - 50x Potential' - CNBC Report
• Deflationary, Low Supply - 2 Billion
• Listed on Bybit, OKX, Bitmart, LBank, MEXC, Uniswap
• Move to Earn, Metaverse Integration on Roadmap
• NFT Doge Pets - Potential for Mass Adoption

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Battle Infinity - New Metaverse Game

Our Rating

• Listed on PancakeSwap and LBank - battleinfinity.io
• Fantasy Sports Themed Games
• Play to Earn Utility - IBAT Rewards Token
• Powered By Unreal Engine
• Solid Proof Audited, CoinSniper Verified

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Read more: How to Buy a Coin before it Launches

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