New cryptocurrency coins 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 new cryptos that fulfil their potential. On this page, we dive into 10 new cryptocurrencies that show immense potential for growth and gains.
We explain what ecosystems they power, what the ecosystems do, what makes them stand out, and where you can get them.
1. Metacade (MCADE) - Best New Gaming Hub
2. Alt Signals (ASI) - Best New Blockchain Service
3. Arbitrum ARB - Best Layer 2 Network
4. Radiant Finance RDNT - Best Crosschain Lending Cryptocurrency
5. Optimism OP - Best Optimistic Rollup Cryptocurrency
6. Aptos APT - Best Layer 1 Cryptocurrency
7. Mute MUTE - Best ZK Rollup Decentralised Exchange
8. Pepe PEPE - Best New Memecoin
9. Camelot GRAIL - Best New Composable Decentralised Exchange
10. Bitget BGB - Best New Centralised Exchange
11. Arcadeum ARC - Best New Crypto Gambling Cryptocurrency
12. Gala Games GALA - Best Relaunched Gaming Studio
Cryptocurrency
Category
Asset
Exchanges listed
Blockchain network
Metacade
Community
(MCADE)
MEXC
Ethereum
Alt Signals
Services
(ASI)
None yet
Arbitrum
Layer 2
ARB
15+
Radiant Finance
Crosschain Lending
RDNT
20+
Optimism
OP
13+
Aptos
Layer 1
APT
Mute
Dex
MUTE
8+
ZKSync
Pepe
Memecoin
PEPE
Binance, Coinbase
Camelot
GRAIL
10+
Bitget
Centralised Exchange
BGB
11+
None
Arcadeum
Gambling
ARC
Gala Games
Gaming
GALA
Metacade is a hub that is built to foster community among crypto game builders, players, reviewers, bloggers, and enthusiasts. It stands out by providing a holistic gaming experience to everyone involved.
Although still new, the platform will integrate with several top tier blockchain games so that players will be able to access their favourite games from a unified dashboard. These integrations will also allow Metacade to publish and update rankings for gaming leaderboards across several titles.
The platform will also feature a trending section that will display the trending or most played games so newbies can join games with vibrant communities and a review section that will allow players to write reviews of their gaming experience. This will be a useful feedback source for game builders.
Finally, with Metacade, players will get access to GameFi strategies to help maximise their in-game earnings as financial mechanics are a standard part of most blockchain games.
The Metacade platform is powered by the MCADE token which has a total supply of 2 billion tokens at a fully diluted valuation of $49 million. Compared to other social platforms like Decentralised Social with a market capitalisation of $105 million, MCADE still has plenty of room to grow.
You can buy MCADE on decentralised exchanges like Uniswap.
Alt Signals is a blockchain company that offers trading services to its customers. It already has a successful product called AltAlgo that provides accurate trading signals for various cryptocurrencies.
Now, the company is expanding its suite of services and is leveraging blockchain technology to do so.
Firstly, AltAlgo has been upgraded using artificial intelligence, machine learning, and natural language processing technologies. The new algorithm, called ActualizeAI, is several times faster and more accurate than its predecessor.
This new AI-powered algorithm will power the company’s new set of trading services and tools, and users who wish to access these services will need to hold the ecosystem’s native token, ASI.
ASI will serve as a membership badge to the services. Users who hold ASI in their wallets will be able to access all of Alt Signal’s trading tools.
ASI has a total supply of 500 million tokens, 290 million of which have been made available for the presale event. The token will also implement a buy-and-burn scheme which will use profits to periodically buy back and burn ASI tokens, increasing its value over time.
To participate in the presale, visit the Alt Signals website and click on Buy ASI at the top right corner of the page.
Arbitrum is a layer 2 network built on the Ethereum network to help with scaling. A layer 2 network is an extra layer built on top of a regular blockchain to help process transactions faster. The network usually handles computation while relying on the underlying blockchain for security.
Arbitrum is currently the biggest layer 2 network in crypto with a total value locked of $2.18 billion as of writing. It is a rollup network that validates transactions on its network and then records them in bulk on the Ethereum network, thus saving cost and increasing speed.
The network launched its token, ARB, in March 2023 and it has been one of the largest launches this year. The token powers the decentralised autonomous organisation (DAO) that decides on the future of the network.
Scaling solutions are a big theme this year and Arbitrum leads the pack in that regard. Its ecosystem is growing exponentially and we do not see it going away anytime soon.
ARB has a total supply of 10 billion tokens, 1.2 billion of which are currently in circulation, bringing the network’s market capitalisation to $1.8 billion, a small fraction of Ethereum’s $222 billion market capitalisation.
You can buy ARB on crypto exchanges like Binance. As of writing its trades at $1.45 with an all-time high of around $10 and a low of $1.16.
Radiant Capital is a crosschain lending protocol on the Arbitrum network. It is a traditional lending market but with a twist. Powered by multichain technology, Layer Zero, Radiant can borrow and lend assets seamlessly between blockchains.
Radiant is currently the third largest finance protocol on Arbitrum with a total locked value of around $141 as of writing. It has accrued a total of $4.56 million in fees paid to its native coin stakers and liquidity providers.
You can supply and borrow DAI, USDT, USDC, WBTC, and ETH on the platform. To borrow funds, you must supply collateral that is at least 120% of the value you wish to borrow. The interest rate charged is displayed as “Borrow APY” while the yield earned on collateral is “Supply APY”.
Naturally, borrow APY exceeds supply APY. However, you can supply coins without borrowing and still enjoy returns. You can read our piece on APY vs APR to know the difference.
RDNT has a total supply of 1 billion tokens, 261 million of which are in circulation. Most of its tokens are allocated towards rewards for collateral, placing some inflationary pressure on the token.
However, we believe that the platform is primed to onboard more users as it expands to other blockchain networks, and the resulting growth could outpace token emissions and offset inflation.
RDNT trades at $0.39 per token as of writing with a market capitalisation of $104 million. To compare, lending protocols like Compound have a market capitalisation of $271 million, at least twice of what Radiant is.
Considering that Compound does not possess multichain capabilities, Radiant has the potential to grow beyond Compound.
You can buy RDNT on exchanges like Binance.
Optimism is another layer 2 network that has garnered attention this year. It works on a similar technology as Arbitrum, optimistic rollups, and has proven to be fast, scalable, and secure.
Optimism is the second largest network on Ethereum with a total locked value of $922.57 million and more than 105 protocols operating on the network.
The network features a native token, called OP, used primarily for governance purposes. OP has a total supply of 4.2 billion tokens, 314 million of which are currently in circulation at a market capitalisation of $707 million.
One way that Optimism stands out compared to other rollup networks is that it runs on a single-round fraud proof system. This means that it checks for fraud only once which makes transactions much faster than that of even Arbitrum.
Compared to Arbitrum’s $1.8 billion market capitalisation, Optimism still has room to grow as layer 2 networks take centre stage in 2023 thanks to Ethereum’s Shapella update.
You can also buy OP on exchanges like eToro.
Aptos is a blockchain created by a company called Aptos Labs and launched in October 2022 as a new layer 1 network that features a unique virtual machine based on a programming language called Move.
According to Defillama, the network has a total value locked of $60 million with over 23 decentralised applications. While the blockchain is still quite new, it has already surpassed Cardano in wallet addresses, hinting at rapid adoption.
The blockchain is also partnered with VC firms and legacy tech companies like Google in an attempt to merge Web2 and Web3.
As of writing, Aptos’ native coin, APT, trades at $10.14 with an all-time high of $18.42 reached in January 2023 and an all-time low of $3.2 in December 2022. However, considering that the coin launched in October 2022 (i.e. in the middle of a bear market), we reckon there is plenty of room for growth.
APT has an infinite maximum supply, meaning that the blockchain developers can always mint more coins. This is not necessarily a bad thing as Ethereum also has an infinite theoretical supply.
Provided the burn rate exceeds emissions, APT should increase in value. So far, only 1.03 billion coins have been minted, 187 million of which are in circulation, bringing the network's market capitalisation to $1.9 billion.
While Aptos has a lot of growth potential, we must mention that the vesting schedule for contributors and early investors is only one year as of writing. This means that after a year, early investors and contributors will be able to sell their tokens, potentially creating immense sell pressure.
Furthermore, Aptos Foundation lacks proper online representation, and there has been some secrecy around the coin’s supply and distribution where an overwhelming amount of coins were allocated to insiders.
You can buy APT on exchanges like Coinbase.
Mute is a new decentralised exchange on ZKSync Era, a ZK-rollup on the Ethereum blockchain. While its token, called MUTE, is not a new one, its migration to the ZKSync network creates new use cases with boundless potential.
Mute now identifies primarily as a ZK-rollup Defi platform with a built-in decentralised exchange, an automated market maker, a bond platform, and a yield farming platform. So far, the protocol has processed a total volume of $88 million and has a total value locked of $13 million.
The automated market maker works like a regular one, balancing tokens in liquidity pools and facilitating swaps. The decentralised exchange is the front end for the AMM and supports yield farming by allowing token holders to deposit funds into its liquidity pools to facilitate trade for a cut of trading fees.
After providing liquidity, you will be issued with LP tokens to represent the liquidity you provide. You can exchange those tokens to withdraw your liquidity or use them to get MUTE tokens at a discount using the bond function.
The bond function allows you to vest your LP tokens for MUTE at a discount to its market price. At the end of the vesting schedule (usually 7 days), you get MUTE tokens at the displayed discount price, and the difference between that and market price is your profit.
However, if the price of MUTE falls drastically within the vesting period, you could end up with an overall loss.
MUTE has a total supply of 40 million tokens, all of which are in circulation. This is the ideal situation as the tokens will never be exposed to sell pressure due to token unlocks. As of writing, its price is $0.98 with an all-time high of $2.72 in January 2022 and an all-time low of $0.11 in September 2021.
We reckon Mute has immense potential as many of the protocols on ZKSync Era will integrate with the Dex. And seeing as ZKSync is the premiere ZKRollup network on Ethereum, the growth potential is palpable.
You can buy MUTE on decentralised exchanges like Uniswap.
Pepe is a new memecoin building on the popularity of the crypto Pepe memes. The crypto Pepe memes are a wildly popular meme in the crypto industry that features a green creature making various faces in reaction to different scenarios.
As the most recognisable meme in the industry, it’s no surprise that this coin achieved wild success just two days after launch. PEPE launched on April 18th 2023 and already has over 35,000 holders.
The memecoin has a total supply of 420 trillion tokens, terrible tokenomics for serious projects, but about right for a memecoin. All its tokens are currently in circulation as the developers released all tokens at the same time, a move which is quite uncommon in the industry.
The developers also refrained from implementing buy or sales tax, which is a mechanism used by memecoins to generate profit, albeit an unsustainable one. As of writing, you can buy PEPE just as easily as you would buy Ethereum on a decentralised exchange like Uniswap.
All LP tokens have been burned, meaning that developers cannot drain liquidity from the token’s smart contracts. The only issue we foresee is that there is not enough liquidity in the pools for all holders to cash out.
This is not so much a concern seeing as the token is just four days old as of writing. However, you may want to proceed with caution.
PEPE has a market capitalisation of $100 million, making it the sixth largest memecoin by market capitalisation. And while that can change in the future, it can grow immensely when the next bull market begins, which is projected for 2024.
You can buy APT on exchanges like eToro.
Camelot is a mediaeval-themed decentralised exchange on the Arbitrum network with a total value locked of $93 million, making it the sixth largest financial protocol on Arbitrum.
Camelot stands out from regular Dexes with its composability. It is not just a Dex, but a full-fledged DeFi protocol with liquidity pools, an AMM, yield farms, and even a dividends mechanism.
The Dex is also powered by a protocol called Odos that allows you to swap between any two coins on the Arbitrum network, regardless of the configurations of Camelot’s liquidity pools.
The entire ecosystem is powered by the GRAIL token. With GRAIL, users can earn a cut of the platform’s revenue by staking it for XGRAIL and allocating to the Dividend mechanism.
You can also allocate XGRAIL to the liquidity booster mechanism which gives you extra yields on LP positions, or the launchpad mechanism which grants a cut on earnings from the platform’s coming launchpad.
GRAIL has a total supply of 100,000 tokens, 74,000 of which are in existence. Of all existing tokens, only 9,665 are in circulation, a conservative number that accounts for its high price.
GRAIL has already made significant profits for early holders as the coin hit the market at around $220 in December 2022 and trades at $1,800 as of writing. However, some sell pressure is expected at future token release dates.
You can buy GRAIL on decentralised exchanges like Uniswap.
Bitget is a centralised crypto exchange that is fast growing to fill in the void left by FTX. The exchange features an easy-to-use trading interface, spot markets, margin trading, crypto Futures markets, a peer-to-peer marketplace, and even a launchpad.
The exchange is known for being quick to list new tokens, giving its users an opportunity to get in early on cryptos that will otherwise not be listed on centralised exchanges.
With Bitget, you can buy crypto in 72 fiat currencies, more than what Binance currently offers. You also get customised payment methods based on the currency you choose, however, credit cards and third party solutions are usually recurring.
Bitget also offers a copy trading feature that allows you to copy the trades of more experienced users, several earn programs, and staking vaults to generate returns for crypto holders.
The exchange also features a native token called BGB which is issued on the Ethereum blockchain. BGB qualifies its holders for discounts on trades and staking rewards.
BGB has a total supply of 2 billion tokens, 1.4 billion of which are already in circulation at a market capitalisation of $496 million. Compared to other exchange tokens like GT from Gate.io with a market capitalisation of $761 million, BGB has room for growth.
A word of warning, however, we could not find clear information on where the exchange is registered or what regulators they are under. While its token is on the Ethereum blockchain and are therefore decentralised, they are also tied to the success of the exchange.
You can buy BGB on its parent crypto exchange.
Arcadeum is a gambling protocol that allows users to play casino-styles games in a decentralised environment where their funds never leave their wallet and is not passed through a middleman.
It is different from regular Bitcoin gambling sites because it is fully decentralised. While other gambling sites may have integrated various crypto mechanisms, they are still centralised and under legal jurisdictions.
The platform features Roulette, Dice, Slides, Coin Flip, Wheel, and Rock Paper Scissors, while other games like Slots, Poker, and Lottery are coming soon.
For available games, Arcadeum ensures fairness by using a quantum random number service, called API3, which provides provably random variables used in the games.
If you don’t want to play the games but still wish to profit from the platform, you can buy ALP, which is a liquidity provider token that grants you a cut of the house’s profits. You can also stake ARC for a yearly return.
ARC has a total supply of 10 million tokens, however, the number of tokens in circulation is unknown, which is normal for new projects as ARC launched in February 2023. However, the token has around 4,000 holders.
As of writing, ARC trades at $0.21 per token with an all-time high of $2.33 in March 2023 and an all-time low of $0.16 in April 2023. Its current price places its fully diluted market capitalisation at just above $2 million.
For comparison, the fifth largest crypto gambling token, according to Coingecko, is ExeedMe, which has a market capitalisation of $8 million, four times that of Arcadeum.
A word of warning, however, the platform is still very new and largely untested. Investments in ARC could easily go sideways as crypto gambling is one of the less mature sectors of the industry.
You can buy ARC on decentralised exchanges like Uniswap.
Gala Games is the gaming arm of Gala Studios, a crypto-focused multimedia entertainment studio with gaming, film, and music subsidiaries. Gala Games is not a new project, however, they are on the verge of revamping their GALA tokens and implementing new mechanics in their gaming department that sets the project up for growth.
Gala Games made it on our list because its games are already some of the most enjoyable in the crypto industry. Its farming simulation, Town Star, has had 6,000 unique active wallets interact with the game’s smart contracts within the last 30 days.
The studio has also partnered with AMC’s The Walking Dead franchise to build a game with blockchain mechanics like NFTs.
One issue that plagued the project was its bad tokenomics. Luckily, come May 2023, a new version of the GALA token will be distributed to holders. The new tokenomics will include burn mechanisms as the games in Gala’s line-up will be published on their own blockchain.
All the games will undergo a revamp and will enjoy new economic models that are yet to be fully revealed, however, one feature that has been talked about are upgradable NFTs.
The current market capitalisation of GALA is $304 million, however that could change with the new upgrade as holders of TOWN, the token powering the Town Star game, can be swapped for GALA before the upgrade.
You may want to wait until May 15th when the new tokens will be distributed to buy GALA, if you don’t already own some. If you do, it is advised that you move your tokens to a non-custodial crypto wallet to enable the smooth airdrop of new GALA tokens.
You can buy GALA on exchanges like Binance.
We believe that all the cryptos on this list stand a good chance of delivering significant returns in 2023. However, two in particular stand out. They are Metacade and Alt Signals.
We believe Metacade has the potential for growth because it operates in an industry that is fast growing (gaming), and delivers services in a way that other projects do not.
Before Metacade, the closest thing we had to decentralised dedicated gaming communities were guilds and scholarship programs which focused more on GameFi earnings than the interactions between various gaming stakeholders.
Metacade’s platform has the potential to bring everyone that is involved in gaming into a common space. The value that can be created from these interactions is significant.
On the other hand, Alt Signals is an example of an already successful business that is using blockchain mechanics to achieve even more success. While the company could easily licence its software, it is democratising access to it and building a community at the same time.
And thanks to the decentralised nature of blockchains, anyone from around the world can easily access and pay for the services.
Tens and hundreds of new cryptos are released everyday, and the majority of them never amount to anything. Hence, finding new cryptos with potential is essential. While there is no exact science to it, some tools and methods will aid in your search.
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 leading projects within the sector.
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 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, familiarise yourself with tools that help you track tokens on the blockchains. Some tokens don’t make it to popular tools like Coingecko immediately they are launched. However, with tools like DexScreener, you can track them as soon as they hit the open market.
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 coins 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 there.
Most times, coins trade for a while on decentralised exchanges before making it to popular exchanges like Binance or eToro. You need to get comfortable buying new coins on Dexes before they hit the popular Cexes.
To use a Dex, you’ll need to get a non-custodial crypto wallet like MetaMask.
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 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.
For this guide, we covered how to buy new cryptocurrency coins on centralised exchanges, using eToro. Follow the steps below to get yours.
Go to eToro’s website and create an account by clicking on “Start Investing”. You can also create an account on the mobile app. Fill out the signup form with your full name, email address, and a password.
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.
Once your account has been verified, deposit funds using a convenient payment method; eToro supports several. Enter the amount you’d like to deposit.
Once your account is funded, search for any of the cryptos mentioned in the Discover tab. An interface like the one below should load. You can then set your parameters and buy.
As The Cryptocurrency Market Experiences A Surge With New Meme Coins Such As Dogetti, Insiders At Signature Bank Sell Stocks Worth $100 Million
We explored the best new cryptocurrency coins to invest in 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 capitalisation 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 decentralised 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.
To invest in cryptos, visit eToro.
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.
The best upcoming crypto coin on our list in Arbitrum because of the role it plays as a scaling solution for Ethereum. It powers over 200 dapps and holds $2.16 billion in assets from all the dapps on the network.
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.
It is difficult to keep up with the newest crypto coins because hundreds are launched everyday. However, our list contains the best of them.
We cannot tell you what the next big thing like Bitcoin will be.