The 14 Best New Cryptos to Buy in 2024

New cryptocurrencies present opportunities for growth and potential returns as the burgeoning ecosystems they belong to create value. And while most crypto coins do not perform well, there are those that beat expectations and return great profit for their holders.

This guide explores the latter, the best new cryptos that have the greatest potential to outperform their peers. On this page, we dive into 18 new crypto coins that show immense potential for growth and gains.

We explain what crypto world ecosystems they power, what the ecosystems do, what makes them stand out, and where you can get them.

The Best New Cryptos to Buy in 2024

The Best New Cryptos to Buy Reviewed

Which New Crypto Coin is Going to See Amazing Gains in 2024?

We believe that all the new cryptos on this list stand a good chance of delivering significant returns in 2024.

However, one in particular stands out as a cryptocurrency to invest in and the hottest crypto to buy now. That coin is iDEGEN.

We believe iDEGEN has huge growth potential because it taps into the recent Solana memecoin growth, and its narrative positions it to go viral.

How Regularly are New Crypto Coins Released to Potential Investors?

There is no set time for this. Release schedules are based on the development timelines. We cannot definitively say how regularly new crypto coins are released to potential investors. In fact, the question itself can be quite misleading as it implies that there is a regular schedule of new coin issues, which is highly false.

How Can Investors Find New Cryptocurrency Coins to Buy?

Tens and hundreds of new cryptos are released everyday, and the majority of them never amount to anything. Hence, finding new crypto tokens within the cryptocurrency space with potential is essential. While there is no exact science to it, some tools and methods will aid in your search.

Follow Long-Term Narratives

The crypto market moves according to narratives. Some are short-term trends that span a year or a market cycle while others are long-term and span years. While short-term trends tend to produce coins that increase significantly within a short period, they often end up crashing.

Long-term trends, however, produce coins that grow steadily over the years. They may spike up during bull markets or fall significantly during downturns, but their moving average steadily increases over the years.

To take advantage of long-term trends, research what sectors are quintessential to the growth of the industry and focus on top new crypto projects within the sector.

Use Tools

There are tools that provide data on various cryptocurrency projects. Defillama, for example, lists the DeFi apps on various chains along with their total locked value. You can use this data to anticipate upcoming top new crypto projects on blockchain networks.

Other tools like TokenSniffer allow you to check smart contracts for signs of a possible rug pull, i.e., when nefarious developers drain the liquidity from smart contracts and leave token holders high and dry.

Also, familiarize yourself with tools that help you track tokens on the blockchains. Some tokens don’t make it to popular tools like Coingecko immediately when they are launched. However, with tools like DexScreener, you can track them as soon as they hit the open market.

Track Whales

One of the best ways to find new cryptocurrency coins is to follow the people who know how to find them. These include whales, insiders, and builders. Oftentimes, they find and buy a new crypto token before they blow up.

You can use tools like Debank to track wallet addresses. Debank shows you the assets in any EVM wallet you check, the DeFi protocols that the wallet has funds in, and even the wallet’s transaction history. However, you’ll need to get your hands on a whale’s wallet to begin.

If you do not know any whale wallets, simply go to the Debank website and click on Whales. A list of whale wallets ordered by total funds will be displayed. You can start using a copy trading platform to follow them further.

Use Dexes

Most times, coins trade for a while on decentralized exchanges before making it to popular exchanges like Binance. You need to get comfortable buying the best crypto to buy now on Dexes before they hit the popular Cexes.

To use a Dex, you’ll need to get a non-custodial crypto wallet like MetaMask.

Are New Cryptocurrencies a Worthwhile Investment?

New cryptocurrencies can be a worthwhile investment as they have room for tremendous growth. However, a majority of them end up worthless, so the trick is finding projects that have the highest probability of success.

The cryptocurrencies on our list are the fastest-growing crypto projects that we believe are more likely to succeed. However, we must mention that this is not a guarantee. They, like any other, can still fail.

Nonetheless, we listed them because we believe they are less likely to fail because of their cutting-edge technologies, their active communities, and the presence of heavy VC funding.

Factors to Consider When Choosing a New Crypto to Invest in

Development Team

Choosing the next big crypto to invest in is a little trickier than choosing established crypto because you often do not have past performance data, either price-wise or technically, and new projects can be fraught with bugs and mistakes.

This is why the team is a good place to start. The ideal team is one whose members all have prior experience in the roles they fill. Place an emphasis on the CEO and CTO as they are usually key members that have a direct impact on the success of the project

Blockchain Network

The blockchain network a project is built on can go a long way to determine whether the project gains any traction. For example, games built on Ethereum that require speed may find transaction fees too expensive for retail users at peak periods, while NFT projects building on Cronos may find that the blockchain network doesn’t foster a large NFT marketplace community.

Utility

The best way to gauge utility is to ask three questions. The first is: does this project solve any problems? If it does, then ask, how important is this problem? If the problem is important. Finally ask, how sustainable is this particular solution?

New projects that offer real utility from the onset are more likely to last than projects that are built of hype and expectations.

Funding

While funded projects can still crash, they are less likely to than their bootstrapped counterparts. Projects with large treasuries can usually afford to pay for much of the personnel, connections, and infrastructure that they need to gain an edge over the competition.

What are the Risks Involved With New Cryptos?

Price Volatility

The prices of new cryptos can be volatile especially during launch as new buyers get in and investors who may have gotten tokens at a discount to the launch price (usually during presales) sell.

If you intend to buy a new token after it launches, you may want to wait for the initial volatility to die down before moving ahead.

Smart Contract Risk

New projects usually face this risk as their smart contracts may have vulnerabilities that the development team or even the smart contract auditors, like Certik, may have missed. The industry is littered with tales of projects whose smart contracts were drained due to some overlooked flaw.

How to Buy New Cryptocurrency Coins

For this guide, we covered how to buy new cryptocurrency coins on centralised exchanges. Follow the steps below to get yours.

1. Open an Account

Go to the exchange’s website and create an account. You can also create an account on the mobile app. Fill out the signup form with your full name, email address, and a password.

2. Verify Your Account

Next, verify your account by completing your profile and submitting KYC data like a valid ID and a proof of address document like a utility bill.

3. Make a Deposit

Once your account has been verified, deposit funds using a convenient payment method. Enter the amount you’d like to deposit.

4. Buy Crypto

Once your account is funded, search for any of the cryptos mentioned here. An interface like the one below should load. You can then set your parameters and buy.

Where To Buy New Coins

To get your hands on new cryptos like iDEGEN that are not yet listed on exchanges, you’ll have to purchase them directly on their websites using a crypto wallet. We created a guide to help you do that.

Step 1: Download A Wallet

We used MetaMask for this guide. Download the wallet app on your phone or use the web platform via a browser extension on your laptop. Create a new wallet. Ensure you keep your seed phrase safe and offline.

Step 2: Buy Some Crypto

You’ll need SOL to buy new iDEGEN tokens. Buy some on an exchange and transfer to your wallet, or use a fiat onramp on the MetaMask web interface.

Step 3: Connect Wallet

Navigate to the token’s website and connect your wallet to join the presale. You can do this from the in-built browser on the mobile app. Buy the tokens using SOL. Ensure you have enough to pay for gas fees.

Step 4: Wait To Claim

You’ll need to wait until the presale is over to claim your tokens.

Latest New Cryptocurrency Coin News

Pepe gets listed on Gemini Foundation as it inches closer to a US listing.
Optimism, a Layer 2 network for scaling Ethereum applications, has rebranded as OP Mainnet, aiming to create a “superchain” network of Layer 2 blockchains
Decentralised betting platform, Chancer presale hits $436K as investors bet on positive crypto market sentiment

Final Thoughts on the Best New Crypto to Invest in

We explored the best new cryptocurrency coins to buy now and chose Arbitrum as our top choice because it is the largest layer 2 solution on the Ethereum blockchain with a $1.8 billion market cap and a total locked value of $2.16 billion.

It is also well funded by VC firms and has an active developer community with over 200 decentralized finance and gaming protocols, including heavy hitters like GMX and Radiant Capital.

Nonetheless, all the cryptocurrency coins on our list are good new investments. However, they are not guaranteed, and like most content creators in the crypto space say, do your own research and do not invest more than you are willing to lose.

Methodology - How We Picked the Best New Crypto

The projects covered in this guide were chosen through rigorous research and reviews. We paid attention to security, transparency, reputation, tokenomics, and competitive edge.

The tokens listed are the best we found in the various categories we listed them. For example, we listed Optimism as the best optimistic rollup network as it is the fastest optimistic rollup on the market right now.

Check out our why trust us and how we test pages for more information on our testing process.

FAQs

What is the Best Upcoming Crypto Coin?

The best upcoming crypto coin on our list is Solciety because of its potential for viral growth during a US election year.

Which Coins Will Pump?

We cannot tell which coins will pump or when. We look at the potential of the underlying technology or the strength of the trend that the coin benefits from.

What are the Newest Crypto Coins?

It is difficult to keep up with the newest crypto coins because hundreds are launched everyday. However, our list contains the best of them.

What is the Next Big Thing Like Bitcoin?

We cannot tell you what the next big thing like Bitcoin will be.