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The cryptocurrency market is in a golden bull run and crypto prices have started going parabolic.
The Bitcoin price has skyrocketed by 25% over the past week, currently trading at $65,000 on Monday. BTC only needs to rally by 6% from its current price to print a new all-time high – all while the Bitcoin halving is still close to two months away.
The Ethereum price is also displaying extreme bullishness, appreciating over 50% in the past month and hitting $3,500. As the speculation regarding spot Ethereum approval increases, ETH’s value will also likely surge. Other large caps such as Solana, Dogecoin and Chainlink are also skyrocketing towards new all-time highs.
However, smart-money traders continue to highlight that high-quality new crypto coins will potentially offer much higher returns than the large-caps during the 2024 bull run.
Summary
Top 5 New Crypto Coins To Buy
While Bitcoin, Ethereum, XRP and Solana are all poised to hit new all-time highs this year, their high market capitalization means investors buying them today may only receive 2x returns or less.
On the other hand, low-cap cryptocurrencies and new crypto coins that are still in their presale phase are being backed by analysts to generate 10x – 100x returns.
New meme coins, in particular, are gaining significant traction, thanks to the recent success of Dogecoin, Pepe, Bonk and Wen. Crypto traders are also using meme tokens as beta bets on their respective blockchains – for instance, the Solana price rally is being accompanied by extremely high returns from Solana meme coins, as is the case with Ethereum.
In this article, we list 5 new crypto coins to invest in – including high-utility new meme coins – that could outperform large-cap tokens in the short term.
Bitcoin Minetrix ($BTCMTX)
Bitcoin Minetrix tops our list of best new cryptocurrencies to buy for the 2024 bull run, thanks to its in-demand real-world utility. It is a cloud mining token which simplifies the Bitcoin mining process for retail investors, allowing them to earn $BTC mining rewards.
Crypto mining stocks are witnessing strong growth. $RIOT has already surged by 33% over the past month while $CLSK is up by 100% during the same period. Consequently, analysts are strongly bullish on Bitcoin Minetrix as well, especially since it is a new crypto coin with a relatively lesser valuation and important real-world usage.
Retail investors have been devoid of mining rewards for over a decade, owing to the monopoly of wealthy corporations. The capital investment and technical expertise required is simply too high. On the other hand, Minetrix users can simply stake their $BTCMTX tokens and receive mining rewards in proportion to their initial stake. Additionally, they will also receive staking rewards at a much higher rate than the industry standard.
Unsurprisingly, Bitcoin Minetrix has already raised close to $12 million in its presale. Analysts such as Jacob Bury believe that $BTCMTX could potentially offer up to 10x returns after its launch. The project has also announced a $30k airdrop – 10 lucky winners will win $3k worth of $BTCMTX each.
Meme Kombat ($MK)
Meme Kombat is a new Play-To-Earn meme coin, featuring trendy concepts such as artificial intelligence, blockchain gaming, gambleFi and staking.
High-utility meme coins are in strong demand, as shown by the recent bull rallies in Shiba Inu and Floki. In the same vein, Meme Kombat is launching its own Web3 game, featuring the “Kombat of Meme Coins”.
The virtual battle arena will contain 11 meme coin mascots – including Doge, Shiba, Pepe, Floki, etc. The characters will engage in AI-simulated battles, allowing players to bet on the outcome of the game in various modes such as player vs player, player vs game and side-action betting.
More risk-averse investors can simply stake their $MK holdings and earn lucrative passive income, currently at an APY of 89%.
However, the project’s USP is its commitment to transparency. The identity of all key developers behind the project has been revealed, including its founder Matt Whiteman. This significantly reduces the likelihood of scams and rug pulls. Additionally, the Meme Kombat smart contract has been audited.
Interested buyers have no time to lose, considering the Meme Kombat presale has already raised $10 million. The new meme coin is launching on Uniswap on March 5th, after which analysts such as Michael Wrubel believe it could generate up to 100x returns.
Smog ($SMOG)
Smog is a new Solana meme coin, aiming to replicate the success of other such tokens such as Bonk, Myro and Wen.
After launching on the 7th of February with a price of just $0.002, Smog is currently trading over $0.10 – a 5,000% rally. The new meme token currently has a fully diluted market capitalization of $160 million.
However, analysts such as Franklin Emmanuel, who has over 256k subscribers on YouTube, believe that the meme coin could be going much higher.
As such, Smog promised to offer “The Greatest Airdrop in Solana History”, aiming to reward over 10,000 loyal community members. Investors only need to buy and hold $SMOG, along with registering for the airdrop on Zealy. They can also complete daily quests on Zealy to increase the probability of a larger drop size.
After its launch on Solana, $SMOG is now also available on Ethereum. Interestingly, this allows the meme coin to benefit from the strong performance of both ETH and SOL. Investors can use ETH to buy Smog at a 10% discount – however, this offer is ending soon. They will also be able to stake their tokens and earn 42% APY.
Frog Wif Hat ($FWIF)
Frog Wif Hat ($FWIF) is another multi-chain meme coin, currently on the Ethereum network but soon to be available on the Solana ecosystem as well.
As the name suggests, $FWIF is inspired by the popular Solana meme coin Dogwifhat (WIF), which hit a new all-time high on Wednesday after rallying 160% over the past week.
$FWIF has also reflected the success of its namesake, surging close to 170% from its listing price in just three days. Frog Wif Hat currently has a market capitalization of only $1.3 million – however, the project aims to hit a valuation of $100 million in the coming.
This also fits the projection of analysts such as Crypto Dose who believe that the new meme coin could generate 100x returns.
The meme coin’s roadmap also reveals that the project will invest the profits from the meme coin into high-end NFT design, which could lead to more hype in the Web3 community.
The project has also taken several strong steps to offer secure investment opportunities. For instance, the token supply has been capped at $1 billion and the mint has been revoked. The liquidity for $FWIF is also already locked, reducing the likelihood of a rug-pull. Additionally, the Frog Wif Hat smart contract has been audited.
Scotty The AI ($SCOTTY)
Scotty the AI – an AI-powered meme coin – is our final entry for the top 5 new crypto coins to invest in.
AI and meme coins are two of the most in-demand trends during the current crypto bull run and $SCOTTY combines them both. Scotty AI aims to release a series of cutting-edge, AI-based tools for security, fraud mitigation and risk detection.
Additionally, it will also provide advanced capabilities such as analyzing blockchain data and recognizing market patterns. After all, Scotty the AI proclaims to be “The Guardian of the Crypto Universe”.
For instance, the project will release its own chatbot – Scotty Chat – which will provide comprehensive information about blockchain technology, trading strategies and sentiment analysis. Similarly, it is set to launch its own DEX – Scotty Swap – allowing traders to easily trade $SCOTTY and other cryptocurrencies.
Owing to its high utility, analysts such as Matthew Perry are highly bullish on $SCOTTY.
The Scotty the AI presale has already raised over $1.8 million. Presale buyers can already start to stake their holdings and receive an APY of 80%.
*This article was paid for. Cryptonomist did not write the article or test the platform.
