What’s the best new crypto in 2024?

Everyone is always chasing the best new crypto to invest in. But how do investors go about choosing the right projects? This article will explore new crypto coins with the potential to perform well in the coming months and years.

Top 7 new cryptos in 2024

Let’s take a look at some of the top-performing cryptos that have been launched since 2023.

1. Popcat (POPCAT)

Popcat is a cat-themed meme coin, and of course, it’s one of many. However, this particular project has seen strong price growth of 22% over the last month, earning it a place on this list.

It’s worth noting that POPCAT tokens do not have any real utility to speak of and the project is purely for entertainment and/or the potential of speculative gain.

2. Notcoin (NOT)

Notcoin is one of this year’s new promising cryptocurrencies, combining utility and entertainment in a tap-to-earn game hosted on the TON network.

Notcoin was launched in May 2024 and has gained 56% since launching, aided by a Binance listing, which provided much-needed liquidity for the young project.

3. Celestia (TIA)

Celestia is a “modular” blockchain aimed at addressing scalability and interoperability in the industry. The project is comprised of different compartmentalized layers with different purposes. It has a use case in connecting blockchains together, facilitating dApp building with efficient data management and more.

The native token for Celestia, called TIA, has risen by 178% over the last year, even after falling in value over recent weeks.

4. MANTRA (OM)

MANTRA is an L1 blockchain with a DAO, or decentralized autonomous organization, attached. The scope of the project is broad and includes lending and borrowing services, governance, and yield farming.

MANTRA’s OM coin is up an impressive 3,590% over the last year, a clear sign of confidence from the market.

The project wrote that “by combining MANTRA’s secure RWA-focused blockchain with MAG’s established presence in the UAE’s real estate market, we aim to unlock the full potential of RWA compliance within the Middle Eastern region and beyond.”

With a solid use case and impressive price growth, many analysts have OM outlined as a possible candidate for the next big crypto coin. Of course, it’s important to remember that with such high gains, a correction may be due for OM.

Nevertheless, it remains on the list of new cryptos that can explode for many investors searching the market today.

5. H20 DAO

Another DAO has made the list, this time a project which initially launched in 2022. While not exactly brand new, the project has seen very muted activity until the last few weeks, at which time its H20 coin has seen a 60% price increase, meriting a mention on this list.

The price growth comes due to the project pivoting to become a social DAO and cater more towards social media users. H20 coin is used to facilitate the transfer of information throughout the network.

6. Hoppy (HOPPY)

Another fallen coin suddenly receiving a new lease on life is the 2023 meme coin HOPPY, a frog-themed coin with no real utility. The project looked to be on its last legs before a major comeback over the last 30 days saw a 160% increase in the price of its native HOPPY token.

With almost no social media presence to speak of, this coin should be considered exceptionally high risk, even for a meme coin.

7. Billy (BILLY)

Another high-performing coin is Billy, which has seen 140% price growth in the last week. Billy is a meme coin that launched in 2022 and has seen some increased trading volume of late, the source of which is not known at this time.

Launched on Solana, the project appears to be community-led after the developer sold their tokens and abandoned their work just minutes after launching the project, netting only about $1,000. Today, the coin has a market cap above $100 million.

Best new crypto to invest in: What’s the hottest new crypto?

For many crypto fans, OM is certainly a candidate, becoming a top gainer over the past week. Our markets analyst wrote a deep dive into the price performance of OM in our recent and ongoing Chart of the Week series.

New crypto coins with potential are also hard to evaluate due to their lack of track record, as a newer token may also have a less experienced team and will have little to no price history to observe.

However, promising new cryptocurrencies also may boast new technologies or use cases that we haven’t seen before, and this can cause them to corner a bigger piece of the market. The trick for investors is to perform very cautious due diligence and to deeply research a project before making an investment.

That means reading the project white paper, assessing the reputation of the team, monitoring project social media accounts for spammy or fake-looking activity, and of course, use case and price analysis.

Any upcoming partnerships or endorsements attached to the project are also worth taking a look at.

Risk management for finding top new coins

Despite the risks associated with new coins, early investments in well-researched projects can yield substantial rewards. Investors should also consider diversifying their portfolios to mitigate potential losses. Keeping an eye on market trends and expert analyses, like our Chart of the Week series, can provide valuable insights into these upcoming opportunities.

At the end of the day, the best new cryptocurrency to buy is the one that suits your own personal risk management strategy. Traders and investors typically outline profit and loss goals and exits before they make an investment, and build out a portfolio specifically catered to their plan and needs.

You can read more about risk management below.

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