Best 5 New Cryptocurrency to Buy in 2024: Best Crypto likely to Explode in 2024

The market is saturated with new cryptocurrency releases. However, it can be difficult to identify which new cryptocurrency to buy, especially if you don’t know what to consider. Here, we explore the features of some of the most promising upcoming cryptocurrency projects and explain how you can purchase these tokens.

Author: Adesuwa Ebuehi   -   Last updated: 12/04/2024

Overview of the Best New Cryptocurrency To Buy

Most lists of top cryptocurrencies in the world are dominated by older, well-established coins such as Bitcoin, Ethereum, Cardano, and Solana. However, there are also several new releases that investors in the crypto space can consider. Currently, there are thousands of digital coins available for purchase on various exchanges, including Coinbase, Binance, Robinhood, and eToro. Several of these tokens are newly launched and offer individuals unique benefits for purchasing them early. Despite this, it is important to note that investing in newer cryptocurrencies, like their older counterparts, is also a high-risk, high-reward venture. This means that although there is a possibility for huge returns, it is also very unpredictable. 

There are many new crypto coins that are generating much buzz across web3 circles, and this article seeks to explore 5 of them – SpongeV2, Bitcoin Minetrix, Meme Kombat, Launchpad XYZ, and Wall Street Memes. Here, we look at the features and use cases for these tokens and provide you with the tools to decide which new cryptocurrency to buy.  

Best New Cryptocurrency Release in 2024

Before we dive deep into the features and mode of operation for our chosen cryptocurrencies, we will provide you with a short description of these assets so you can know what to expect.

SpongeV2: SpongeV2 is a meme token that is replacing its predecessor, $SPONGE, which was initially released in May 2023. Investors can purchase this coin on the SpongeV2 website

Bitcoin Minetrix: Not to be confused with regular Bitcoin (BTC), Bitcoin Minetrix (BTCMTX) is a utility cryptocurrency released in September 2023. BTCMTX has successfully raised $9 million via its pre-sale. However, it is not yet available on decentralized exchanges, and investors can only buy BTCMTX on the company’s website. 

Meme Kombat: Meme Kombat, like $BTCMTX, launched their token, $MK, in September 2023. This token is currently available on pre-sale. However, upon completion of the presale stage, investors will be able to purchase $MK on popular decentralized exchanges. 

Launchpad XYZ: Launchpad XYZ’s utility token, $LPX, is one of the most talked about recent crypto ICOs. $LPX rounded up its pre-sales on January 24, 2024, and is scheduled to be available on decentralized exchanges in the coming days or weeks. Clients who participated in the pre-sale phase can claim their tokens beginning from January 31, 2024. 

Wall Street Memes: Wall Street Memes is one of the most popular crypto gambling sites. They offer a meme token, $WSM, which gathered over $25 million during its pre-sale after its September 2023 release. This cryptocurrency is currently available via the Wall Street Memes website as well as other exchanges such as OKX, BingX, HTX, and MEXC Global. 

Best 5 New Cryptocurrency Reviews

In this segment of our article on the best new cryptocurrency to buy, we examine some of the features and modes of operation of the digital tokens we highlighted in earlier sections. We also shed more light on the use cases for each of these tokens. 

Sponge V2

SpongeV2 is an ERC-20-type token that was built on the Ethereum blockchain. There are 150 billion units of this token available to investors. It was created as a utility token that will be used for P2E gaming. Holders of this coin can earn tokens by playing the bespoke SpongeV2 game. These tokens can then be used to purchase in-game credits. However, in addition to this, $SpongeV2 will also be available for buying and selling on various exchanges as soon as its pre-sale period elapses.

Presale Started18 December 2023
Purchase Methods ETH, USDT, Cards
Chain Ethereum
Min. Investment N/A
Max. Investment N/A

An interface of the Sponge V2 website.

Bitcoin Minetrix

Despite its name, the Bitcoin Minetrix token (BTCMTX) was built on the Ethereum blockchain. Like $SpongeV2, BTCMTX is an ERC-20-type token with 4 billion units available to investors. It is currently still undergoing a pre-sale, after which it will be listed on different centralized exchanges. Apart from being listed on these exchange platforms, BTCMTX will also be accessible as a staking tool to earn mining hash power, which investors can use on the Bitcoin Minetrix cloud mining platform. 

Presale Started24 September 2023
Purchase Methods ETH, MATIC, BNB, USDT, Cards
Chain Ethereum
Min. Investment $10
Max. Investment N/A

The homepage of Bitcoin Minetrix website.

Meme Kombat

Meme Kombat, $MK is also an ERC-20-type token built on the Ethereum blockchain. It was created to be used on the Meme Kombat P2E gaming platform for betting on various player vs. player and player vs. computer meme battles. Owners of this token will also be able to stake their digital coins to earn passive yields. There are 120 million units of this cryptocurrency available, and it’s presently among the most famous crypto presales to buy.

Presale Started21 September 2023
Purchase Methods USDT, ETH
Chain Ethereum
Min. Investment 100 $MK
Max. Investment N/A

The interface of Meme Kombat website.

Launchpad XYZ

$LPX is a utility token that can be staked for discounts on trading fees, access to NFT mint wishlists, and other benefits on Launchpad XYZ, a website that offers analytics and insights for identifying NFT and crypto-gaming options. This Ethereum-based cryptocurrency is also due to be listed on various exchange platforms shortly as it has just completed its pre-sale phase on the 24th of January, 2024, after raising over $2.75 million. There are 1,025,000,000 units of $LPX available, and they can be purchased using USDT, cards, or ETH.  

Presale Started25 April 2023
Purchase Methods USDT, cards, ETH
Chain Ethereum
Min. Investment 100 $LPX
Max. Investment N/A

The homepage of the Launchpad XYZ website.

Wall Street Memes

Wall Street Memes, in addition to being known as one of the foremost slots sites that accept Bitcoin, is gaining much popularity among meme coin enthusiasts for its $WSM token. $WSM is a BEP-20 token built on the Binance Smart Chain that can be purchased on various exchanges, including HTX, ByBit, OKX, and Bing X. Holders of this token can trade it on these exchanges, stake it to earn rewards on the Wall Street Memes website, or use it in the Wall Street Casino. $WSM ended its pre-sale phase on the 25th of September, 2023, after raising over $25 million.

Presale Started26 May 2023
Purchase Methods ETH, BNB, USDT, card
Chain Binance Smart Chain
Min. Investment 100 $WSM
Max. Investment N/A

The interface of Wall Street Memes website.

How We Chose The New Cryptocurrency To Buy in 2024

Cryptocurrency is a highly risky investment, and investors must perform sufficient research before purchasing any digital token to avoid experiencing losses. Therefore, before you participate in a new cryptocurrency release or pre-sale, there are many factors to consider. Here, we walk you through our criteria for these 5 cryptocurrencies we chose to review in this article. 

Project Roadmap

A roadmap provides a clear description of a company’s projected accomplishments over a period. Investing in a cryptocurrency that does not have a well-written roadmap with the company’s plans carefully outlined is not advisable. When evaluating an upcoming cryptocurrency project, you must do your due diligence on their roadmap. Usually, this is stated unambiguously in their whitepaper. For each of the tokens listed in the above sections, we examined their plans during the pre and post-launch phases. 

Liquidity Potential

Liquidity refers to how easily you can swap a token for another digital currency or fiat money. Liquidity is a vital criterion in determining the prospects of a new cryptocurrency release because it demonstrates how much interest there is in that token and can affect overall price stability. To ascertain the liquidity potential of a digital currency, you can look at its trading volume. Also, for tokens still in their pre-sale phase, you could check the percentage of the total supply that is reserved for promoting liquidity.  

Uses

In addition to the two factors listed above, we also looked at the use cases for each of our 5 new crypto coins. Generally, cryptocurrencies that have real-world use cases are a safer bet to invest in. Furthermore, the more interest in the product or service that a utility token offers access to, the greater the chance of success for that crypto project. 

Conclusion

This article examined the features and other critical information about 5 increasingly popular crypto projects – Sponge V2, Bitcoin Minetrix, Meme Kombat, Launchpad XYZ, and Wall Street Memes. We also provided guidelines on what to look out for before selecting a new cryptocurrency to buy. Because cryptocurrency investing is largely unregulated and risky, it is important that you conduct sufficient research before investing to avoid losses and various types of scams.  

Best New Cryptocurrency FAQs

New cryptocurrencies can be a good investment depending on the specific crypto project. However, like any other crypto investment, there are no guarantees of profit.

Most crypto projects carry out initial coin offerings (ICOs) before they are listed on centralized and decentralized exchanges. To purchase a new crypto before it is listed, you can participate in its pre-sale while it is still ongoing. 

All the cryptocurrencies listed in this article can be bought on the company’s website and will soon be listed on various exchanges. However, some tokens, such as $WSM, are already available on exchange platforms, including OKX, ByBit, and BingX. 

There are many exchanges to buy cryptocurrency. Popular examples are HTX, ByBit, OKX, and MEXC. 

We cannot tell you the specific new cryptocurrency to invest in. However, we have listed some of the most talked about upcoming projects that you can consider and research about. 

To find new cryptocurrency to buy, you can check out the news section or ICO calendar on various exchange platforms. 

Back to Top