New Crypto Altcoins to Watch For
When it comes to choosing which cryptocurrencies to follow and invest in, everyone is talking about a few major ones. They are also the ones that the traditional financial institutions most widely accept. However, smaller altcoins with a much narrower user base are still great investments to consider.
In this article, we’ll talk about some of the best altcoins and which can become lucrative investments.
Sponge V2 (SPONGEV2)
#Sponge is a meme coin that exploded online and quickly created a market cap of $100 million in 2023. Sponge V2 is the second and improved version of that coin created by the same team and based on the same technology. Meme coins often become popular for a while but get lost in the noise of online trends and trading. However, this didn’t happen with Sponge.
There are big moves ahead for Sponge V2. There are rumors that it will set up a play-to-earn game that will increase its player base. Some also claim Sponge V2 will soon be listed on Binance, one of the largest crypto exchanges.
Bitcoin Minetrix is a revolutionary crypto platform based on Bitcoin with a unique spin – making crypto mining easier and less costly. At this point, about $7.7 million has been raised. Token holders will be able to earn passive income by holding to these coins and creating Bitcoin cloud mining power.
Bitcoin Minetrix uses non-tradable ERC-20 tokens as a payment method to reward mining contributors, and users have control over their assets. There are currently 4 million tokens in supply. At press time, $BTCMTX is priced at $0.0127, with the price to surge to $0.0148.
Meme Kombat is a meme coin that has gained a lot of traction due to its unique premise. It is a play-to-earn game in which the players battle using different popular meme coins as their avatars. It’s a very online and on-the-nose kind of joke, but it has gained traction among online investors.
One of the best things about this altcoin is that it already has a lot of practical acceptance. Some of the best crash gambling sites accept it as a wagering currency and will soon be traded on crypto exchanges. Many meme coins have grown into something bigger; the same can happen with Meme Kombat.
Launchpad XYZ (LPX)
Launchpad XYZ (LPX) is a presale project based on the Ethereum blockchain. It has a simple premise, but one that can turn into many different things as it grows – Launchpad XYZ (LPX) plans on being the go-to crypto for all things related to Web3.
This venture promises many interesting tools, including the ability to trade on decentralized platforms, purchase fractionalized assets, and store digital assets in specialized wallets. At the heart of the Launchpad XYZ ecosystem is LPX – the project’s native utility token. It’s priced at $0.0445, with more than $2 million raised so far.
eTukTuk is a unique venture, as it’s a token currency created by a platform working in an area with very little to do with digital finance or finance of any kind. eTukTuk platform is an eco-friendly charging station for electric trucks. Two hundred seventy million TukTuks run on Internal Combustion Engines (ICEs), a growing business.
The value of the crypto rises with every transaction made by the trackers, and it can be used as any other crypto with most of the same benefits. Annual percentage yields for investing in eTukTuk are much higher than with most competitors as it’s venturing into the industry.
Cogwise is an AI model that uses blockchain technology to inform users about the latest crypto investments. At the heart of the project is the utility token created by the company. It also gives users access to all the AI tools and features.
A smart contract generator is one of the most important features users get when investing in Cogwise. It simplifies the process of creating smart contracts that can be used in various industries. Cogwise also features a digital wallet tracking system alerting users to patterns in wallet activity.
Pikamoon is a play-to-earn multiverse game that works based on the crypto coin called $PIKA. It can be used for in-game purchases, such as avatars and special features within the game. The game is played by exploring the world and encountering new avatars.
At the time of writing, Pika coins were about $4.2 million, and about 15 billion tokens existed. This is important for investors as there’s a limited number of tokens, and they can lose their value due to inflation. There are a lot of coins with a play-to-earn mechanism attached to them, but Pikamoon stands out with the quality of its gameplay and the potential uses for the coin.
Worldcoin is a new venture that opened in 2023, but there are years of research behind it. The project aims to create a global ID system recognized by official entities in every country in the world. The password would provide that the holder is human and allow access to every online service that requires proof that an actual person uses it.
It combines retina verification alongside blockchain technology, which could constitute a viable combination for a universally applicable global identity for world citizens. The crypto coin behind the project is an interesting investment, but at this point, it’s proven to be very volatile, ranging in price from $1 to $7 per coin.
Celestia is a blockchain platform that tries to redefine what a blockchain does and how we think of its functions. It separates the execution and settlement layers from the consensus and data availability layers. It allows users to bypass the restrictions of layer one blockchain.
It’s an exciting new technology, and many investors have their eye on it for 2024, so there’s going to be a lot of demand for the coin and, therefore, a lot of volatility at first.
TON Diamonds (GLINT)
GLINT is a new crypto coin made by TON Dimanonds network. Its main appeal is in the way it enhances the user experience. The TON network is a decentralized blockchain network developed by the social media platform Telegram. The network has also made its way to the NFT market, where it plans to cooperate with the best online artists.
Buying GLINT coins allows the users to do a few different things, including buying NFTs, governance power over the platform, profit sharing, as 22 percent of the network is distributed to those who have the coins, and staking and influence.
To Sum Up
Many altcoins out there can be suitable investments in the year to come. These usually compete with some unique twist to the main features of crypto or AI, which is taking over the market. Some of the altcoins are already on the market and used by the businesses that accept them, and they are about to grow and find new markets.
No investment is a sure thing. The best thing an investor interested in altcoins should do is carefully investigate them and hedge their bets with a few different investments. A portfolio that mixes traditional approaches and new and bold innovations usually does best.