Top new cryptocurrencies to invest in 2024

Cryptocurrencies

As a general rule, before investing in digital assets, it is advisable to pay attention to their price performance and development plan. You should also consider whether they are part of a useful ecosystem or depend on community activity. All this data will help determine whether the coin will be able to bring its owner profit in the long run.

What exactly are new projects attractive? As a rule, their cryptocurrencies are easier to grow in capitalization and, accordingly, in price than established assets. Many of them are created taking into account historical growth mechanisms or mistakes of predecessors.

New cryptocurrencies for investment in 2024: top 3

In major foreign crypto media, three new coins that are in high demand today are increasingly common. The first two of them are on presale, while the last one offers a completely new sales format. However, they all have the potential to generate high returns for owners once they go public on exchanges in 2024:

  • Bitcoin Minetrix – this token opens access to companies’ cloud servers for remote bitcoin mining.
  • Meme Kombat – a platform with a battle arena for meme characters, where users “fight” among themselves, win cryptocurrency on bets and participate in steaking.
  • Sponge V2 is a “new version” of the previously successful token that is now part of the gaming ecosystem.

Bitcoin Minetrix

In September this year, developers presented to the community a project that can take bitcoin mining to another level.

This crypto startup is called Bitcoin Minetrix and offers all early adopters access to a cloud mining platform. It also supports staking technology that allows you to earn even more $BTCMTX tokens. The asset is now in the 14th stage of the presale and is selling for $0.0124. As the widget on the project page shows, the project has already attracted $5.8 million in investment.

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The Bitcoin Minetrix ecosystem is organized in such a way that three main elements are responsible for most of the processes.

First of all, it is steaking. It enables investors to earn BTCMTX tokens issued by the platform. To do this, it is necessary to purchase coins on the presale and place them in storage. Also thanks to steaking, it is possible to earn so-called credits, which are subsequently burned. This is necessary for users to get more power to mine bitcoins.

Secondly, it is cloud mining – a tool that allows you to forget about buying expensive equipment and its costly maintenance. With its help, investors have access to powerful servers of companies with which Bitcoin Minetrix cooperates. This means that in order to mine BTC, it is now not necessary to have technical knowledge about mining itself or setting up the hardware for this process.

Thirdly, the interactive toolbar is worth mentioning. It helps to set the steaking time, exchange “credits” for hash rate, manage various bonuses, etc.

Today, $BTCMTX sells for $0.0124, but the asset will rise to $0.0148 by the final presale. Benefits of BTCMTX:

  • Innovative Stake-to-Mine mechanics.
  • Security is provided by decentralization.
  • Even inexperienced investors can start earning BTC.

Meme Kombat

The second project in today’s top is Meme Kombat. This is an interactive platform where users can participate in “battles” in PvP and PvGame formats. This means that they have access to “fight” modes both with other players and with the computer. On the presale, the $MK token is being bought for $0.257, and the total amount invested in it has crossed the $4.2 million threshold.

What sets the project apart from most other meme coins is its utility. Being part of a gaming platform, it allows earning more tokens while providing itself with prospects for further development. This means that the asset will continue to grow in value even after the release on exchanges, if the Meme Kombat game “arena” is in demand.

Another feature of the crypto startup is early-staking. Usually, this feature becomes available upon completion of the presale. However, Meme Kombat offers coin steaking right now.

The online gaming platform itself interacts with artificial intelligence technology. It is designed to make all “battles” more exciting and unpredictable to attract new players.

Early investors will need USDT or ETH to buy tokens profitably at $0.257. However, after two phases, they will rise in price to $0.279. MK benefits:

  • APY is up to 216% today.
  • Accrued 3.5 million coins as a steaking bonus.
  • Expanding the platform, adding new game modes, etc.

Sponge V2

Sponge V2 is an updated and expanded version of the previously popular Sponge meme token. This token is part of the P2E Sponge Racer platform. It can be obtained by placing the original $SPONGE into the steaking. The price of the latter is currently at $0.0001582.

Using the example of Sponge V2, the developers decided to show that, besides the traditional presale, there are other ways to launch a new project. Despite the fact that direct purchase of the asset is impossible, there are two ways to get it into your investment portfolio:

  • Staking and exchanging your existing original $SPONGE coins. This option is perfect for those traders who managed to buy enough tokens at the last developers’ presale. The rules for storing coins will remain the same: the more $SPONGE assets will be in the pool, the more new assets traders will get.
  • Buying original $SPONGE on exchanges and then putting them into staking. This method is designed more for brand new market participants who previously missed the Sponge V1 presale.

Sponge V2 Features:

  • Since the previous version of the coin was favorably received in the market, the new token has a good chance of repeating that success.
  • P2E Project Launch.
  • Working with popular crypto wallets Trust Wallet and MetaMask.

What awaits cryptoinvestors in 2024?

First of all, we should note the possibility of launching the first bitcoin-ETF, which is scheduled for January. If the SEC gives its consent to the work of spot funds, bitcoin itself will begin to rapidly rise in price. This is due to the growing demand for the main cryptocurrency and its active adoption outside the crypto industry. Consequently, its rise in price will lead to higher prices for other digital assets that rely on BTC.

The upcoming halving and lowering of interest rates by the US Federal Reserve must also be taken into account. Both of these events, too, can have a positive impact on BTC and the entire crypto market as a whole.

Some experts believe that this will be a prerequisite for a new bullish trend in the market, thanks to which assets will begin to increase in value. There is also an opinion that against the background of these events, BTC will be able to overcome the $45 thousand mark and rush to new highs.

Completion

Despite predictions about the possible growth of old cryptocurrencies, many investors continue to invest in just emerging projects. This is due to their usefulness, a more rigorous development plan and the desire to diversify the crypto portfolio.

However, when choosing a new investment object, it is necessary to take into account its creators, community activity, development prospects and popularity of the niche in which it operates. We remind you that in order to avoid risks, you should not invest large sums in assets.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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