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As we enter the second quarter of 2024, the cryptocurrency market has been on a remarkable run. Bitcoin has broken multiple all-time highs, surpassing the $70,000 mark in March and again in April.
With the much-anticipated Bitcoin halving just around the corner and the SEC’s approval of Bitcoin ETFs in early 2024, the stage is set for the next leg up in this bull cycle.
Investors are now actively seeking the next cryptos poised for significant growth in 2024 and beyond. We’ve compiled a compelling list of 10 altcoins that have the potential to be the best cryptocurrencies to invest in now. Let’s dive in and analyze these potentially promising projects.
Summary
Top Crypto Assets to Watch & Buy Now for Your Altcoin Portfolio
- Dogecoin20 (DOGE20) is a new meme coin with a fixed supply and a sustainable tokenomics structure.
- Slothana (SLOTH) is a Solana-based meme coin that represents the transition from traditional jobs to crypto trading.
- 5th Scape (5SCAPE) is building a VR gaming ecosystem with its own headset and a marketplace for AR/VR developers.
- Bitcoin Minetrix (BTCMTX) allows users to earn Bitcoin by staking its BTCMTX tokens without the need for mining hardware.
- eTukTuk (TUK) aims to replace combustion engine tuk-tuks in developing nations with affordable and efficient EV charging infrastructure.
- Smog (SMOG) is a dragon-themed meme coin on Solana with an airdrop utility to encourage long-term holding.
- Clearpool (CPOOL) is a decentralized marketplace for uncollateralized liquidity, allowing institutional borrowers to access unsecured loans.
- Polytrade (TRADE) tokenizes real-world invoices to provide financing solutions for small and medium-sized enterprises globally.
- Ator Protocol (ATOR) enhances internet anonymity and privacy by incentivizing contributions to the Tor network.
- Bittensor (TAO) is a machine learning network that aims to democratize artificial intelligence.
Dogecoin20 (DOGE20): New Meme Coin
The first on our list is Dogecoin20 (DOGE20) is a new meme coin that aims to improve upon the original Dogecoin by introducing a more sustainable tokenomics structure and a fixed supply of 140 billion tokens. This is a stark contrast to Dogecoin, which is an infinite-inflation token with no upside limit to the number of tokens that can be minted through mining.
The inflation of Dogecoin reduces the value of tokens in the wallets of those holding it. DOGE20 is designed to address this issue by implementing a clear tokenomics structure with a fixed supply.
The tokenomics of DOGE20 are as follows: 25% for the presale, 25% for marketing, 25% for the project treasury, 15% for staking rewards, and 10% for DEX liquidity. Additionally, DOGE20 utilizes a proof-of-stake (PoS) mining algorithm, which is more environmentally friendly than the energy-intensive proof-of-work (PoW) mining of Dogecoin.
This PoS consensus mechanism allows for fast transactions with cheaper fees and compatibility with major wallets, including MetaMask and Trust Wallet. The project broke the $10 million hard cap within days and is now preparing for the official DEX listings on DOGE Day, April 20th. Potential investors can still buy the coin before the DEX listings on DOGE20’s website.
Slothana (SLOTH) – the best meme coin on Solana
Next, we have Slothana (SLOTH), a Solana-based meme coin that represents everyone who is tired of the traditional 9-to-5 grind and is eager to start trading cryptocurrencies. The meme coin revolves around a sloth character meme set in an office environment, symbolizing individuals seeking to transition from conventional jobs to crypto trading.
SLOTH aims to capitalize on the growing popularity of meme coins on the Solana blockchain, such as WIF, BONK, and others. The project’s goal is to transform the sloth character from a couch potato into a successful crypto trader through the SLOTH token.
Slothana’s presale has been a resounding success, raising over $2.5 million in just 72 hours, demonstrating a strong demand for the project. Currently, the presale has raised over $10 million and been highlighted by many of the top crypto influencers tracking Solana meme coins.
The presale follows a model where users deposit SOL tokens into a wallet address to receive an airdrop of $SLOTH tokens once the project launches.
The amount of $SLOTH received depends on the amount of SOL sent, with each SOL giving users 10,000 $SLOTH. Once the presale ends, the $SLOTH tokens will be airdropped to the wallets that sent the SOL.
5th Scape (5SCAPE) – Top VR crypto
This brings us to 5th Scape (5SCAPE), a new project based on augmented reality (AR) and virtual reality (VR) technology. At the core of 5th Scape’s vision is the development of their own VR headset and a diverse range of immersive VR games that promise to take the gaming experience to new heights.
The project is built on the Ethereum blockchain and has its own native token, $5SCAPE, which will serve as the primary currency for all 5th Scape games. Players will need to use $5SCAPE to access games and make in-game purchases, while game developers can earn the token for contributing to the project’s planned VR gaming marketplace.
5th Scape has several exciting VR games in the works, including Cage Conquest, Epic Cricket Arena, Immersive Kickoff, Archery Master, and Thrust Hunter. The first game scheduled for release is Cage Conquest, which will allow players to step into the ring and compete against UFC fighters in a truly immersive virtual environment.
Furthering their ambitions, 5th Scape is also developing the “VR Ultra Headset,” a cutting-edge device that will deliver high-resolution gaming and precise motion tracking. This headset is not only designed for 5th Scape’s games but also has the potential to revolutionize various applications, including healthcare, education, and beyond.
The $5SCAPE token is an ERC-20 token with a total supply of 5.211 billion. Token holders will receive exclusive benefits, such as discounts on game access and in-game purchases, as well as the opportunity to stake their tokens and earn rewards simply for being a part of the 5th Scape community.
Additionally, token holders will have a say in the development of the VR gaming marketplace, giving them a direct role in shaping the project’s future.
The 5th Scape presale is currently underway, with 80% of the total $5SCAPE token supply available for sale. The project aims to raise up to $15 million through the presale, which is divided into 12 stages, with the goal of raising $1.25 million in each round. The project is currently in phase 4, having already raised an impressive $4.2 million within the first couple of weeks.
Bitcoin Minetrix (BTCMTX) – A nEW Approach to BTC Mining
Since BTC halving is currently the hot story in crypto, we need to have one mining project on our list of next cryptos to watch, and Bitcoin Minetrix fills that role. This project aims to transform the world of Bitcoin mining by introducing a unique Stake-to-Mine mechanism.
Minetrix’s approach allows users to earn Bitcoin by simply staking tokens on the Ethereum network, eliminating the need for expensive mining hardware and high electricity costs.
Here’s how it works: Users can purchase $BTCMTX tokens during the ongoing presale using ETH, BNB, MATIC, USDT, or even a credit card. These ERC20 tokens can then be staked on the Bitcoin Minetrix website.
By staking their $BTCMTX tokens, users earn non-transferable ERC20 token credits, which can be exchanged for Bitcoin cloud mining time or a percentage of Bitcoin mining yields.
The amount of Bitcoin mining credits earned depends on the number of $BTCMTX tokens staked and the duration of the staking period.
Once the Bitcoin Minetrix cloud mining platform is fully developed, users will be able to seamlessly exchange their staked $BTCMTX tokens for access to Bitcoin cloud mining or a share of the actual Bitcoin mining rewards.
This innovative approach to Bitcoin mining democratizes the process, making it accessible to a wider audience. By eliminating the need for specialized mining hardware and the associated high electricity costs, Bitcoin Minetrix opens the door for individuals who may have been previously deterred from participating in the Bitcoin mining ecosystem.
The project aims to raise $15 million through the ongoing token presale, with 42.5% of the tokens sold being used to fund the Bitcoin mining operations. The presale is divided into 39 stages, each offering tokens at different prices, allowing early participants to potentially benefit from lower token prices.
So far, the presale has already raised an impressive $13 million, demonstrating the demand and excitement surrounding this crypto project.
Overall, Bitcoin Minetrix offers a user-friendly and accessible way for individuals to participate in Bitcoin mining without the traditional complexities and barriers associated with the process. This innovative approach has the potential to revolutionize the Bitcoin mining landscape and make it more inclusive for a broader range of cryptocurrency enthusiasts.
eTukTuk: Transportation in Developing Nations
eTukTuk’s goal is to transform transportation in developing nations by offering affordable and efficient electric vehicle (EV) charging systems tailored for suburban areas and crowded cities. The project’s goal is to replace the over 270 million traditional combustion engine tuk-tuks globally with eco-friendly electric alternatives.
eTukTuk leverages Decentralized Physical Infrastructure Networks (DePIN) powered by blockchain technology to create a more democratic, transparent, and secure ecosystem.
The project’s native token, TUK, is at the heart of this strategy, serving as a means to reduce carbon emissions, mitigate CO2-related health issues, and improve financial inclusion, particularly in developing regions.
The eTukTuk project utilizes the Cardano blockchain for its scalability and energy efficiency, ensuring that the backend system is also environmentally friendly. The blockchain-based system facilitates seamless communication between the eTukTuk vehicles, charging stations, drivers, the mobile app, and the control center that manages the entire network.
In addition to the EV, eTukTuk will introduce a network of efficient charging stations with OCPP 2.0 protocols, enabling the use of a wide range of EV models. The TUK token is the backbone of the entire ecosystem and serves as the utility token to power the transport revolution.
Holders of TUK tokens will earn rewards every time the charging network is used, ensuring long-term network participants are rewarded as the charging infrastructure expands.
eTukTuk is also leveraging AI and blockchain technologies to improve urban mobility, including AI-driven route optimization to reduce traffic congestion and smart infrastructure for intelligent transport systems.
The TUK token supports these technological advancements and aligns with environmental objectives by funding green transportation research and incentivizing community engagement.
The eTukTuk project has already raised over $2.8 million in its presale, indicating rising investor interest in sustainable transportation solutions for developing nations.
Smog (SMOG): Dragon-Themed Meme Coin on Solana
Number 6 on our list is The Smog (SMOG) meme coin, a dragon-themed token that aims to establish itself as a leading meme on the Solana blockchain. The project has features, including the promised “greatest airdrop in history” and potential future token burns outlined in its roadmap.
The SMOG meme coin’s airdrop utility allows users to accumulate airdrop points by simply holding the token, with 35% of the total supply allocated to the airdrop. This feature is designed to encourage long-term token holding and social engagement, with users able to participate in daily and weekly quests on the Zealy campaign to build up more airdrop points.
The project has already attracted over 110,000 holders and has seen substantial gains, with its market cap exceeding $200 million. SMOG’s success is also fueled by its staking protocol, which incentivizes long-term token holding.
It’s important to note that, like other meme coins, SMOG carries a high level of risk and volatility. Currently, SMOG has a market cap of $125 million, potentially presenting an entry point for investors. SMOG can now be purchased on the Solana and Ethereum networks, as well as the project’s website.
Clearpool (CPOOL): Decentralized Liquidity for Institutions
Next, we have Clearpool, a decentralized marketplace with the goal to change the way institutions access unsecured liquidity. Built on the Ethereum and Polygon blockchains, Clearpool eliminates liquidation risk and creates attractive risk-adjusted return opportunities for liquidity providers.
The platform allows institutional borrowers to gain access to unsecured liquidity after going through a thorough whitelisting process. Liquidity providers can simply supply funds to the borrower-specific pools and receive cpTokens in return. The $CPOOL token serves as both a governance and utility token, enabling staking by borrowers and rewards for lenders.
Clearpool’s dynamic interest rate model and institutional-grade security features make it a compelling option for those seeking decentralized liquidity solutions. Clearpool (CPOOL) has a mid-cap market cap of around $110 million.
Polytrade (TRADE): Tokenizing Real-World Receivables
We move on to Polytrade, a cryptocurrency that brings real-world receivables to the blockchain, aiming to provide financing to Small and Medium Enterprises (SMEs) globally.
The protocol tokenizes invoices, converting them into digital assets that can be traded similarly to cryptocurrencies. This tokenization enhances security and transparency through blockchain technology, empowering businesses and streamlining supply chains.
The TRADE token is a crucial part of the Polytrade marketplace, facilitating exchange, investments, and fee payments. With a range of strategic partnerships and backing from prominent investors, Polytrade is positioned to revolutionize the way SMEs access trade finance. Polytrade (TRADE) has a market cap of approximately $90 million.
Ator Protocol (ATOR): Enhancing Internet Anonymity and Privacy
The Ator Protocol is a decentralized network designed to improve internet anonymity and privacy by empowering decentralization. It works in tandem with the Tor routing system, allowing non-technical users to mine ATOR tokens and contribute to web anonymity through Tor.
The protocol’s Proof-of-Uptime mechanism incentivizes Tor relays and registered nodes to encrypt and transmit packages, ensuring packet anonymity. Ator also proposes a novel recognition mechanism for Tor relays, facilitated by the blockchain and the ATOR currency, to reward contributors in an anonymized and equitable way.
With its own “hidden-services” that can be exchanged for ATOR, the protocol aims to raise funds for its development without centralization. Ator Protocol (ATOR) has seen its market cap recently pump to around $330 million.
Bittensor (TAO): Democratizing Artificial Intelligence
And last, but not least: Bittensor is an open-source, decentralized, and permissionless machine learning network that aims to democratize AI and accelerate its growth. The network transforms machine learning models into a competitive marketplace, incentivizing the creation of decentralized machine intelligence. TAO, Bittensor’s native cryptocurrency, is used for rewards, staking, governance, and payments within the network.
Bittensor’s system offers benefits over centralized alternatives, including the ability to reward AI models for a wider range of objectives, the monetization of legacy systems, and the opportunity for researchers to monetize their intelligence work.
With a current market cap of $3.8 billion, TAO has been one of the best-performing tokens of 2024.
Conclusion – Next Cryptocurrencies to Watch
As we dive deeper into 2024, the cryptocurrency market continues to present a wealth of opportunities for investors. The 10 altcoins analyzed in this article represent some of the best cryptocurrencies to buy now, offering a diverse range of projects and use cases.
From meme coins and virtual reality platforms to decentralized liquidity and AI-focused networks, this portfolio showcases the breadth and depth of the crypto ecosystem.
Investors looking to diversify their portfolios might potentially consider these new cryptos to buy now, as they have the potential to deliver substantial gains in the months and years ahead. By carefully evaluating the fundamental strengths, fundamentals, and growth potential of these projects, investors can position themselves for potential gains.
*Cryptonomist did not write the article or test the platform.
