The crypto market has seen a wave of new and innovative projects in recent months. As such, speculation regarding which projects could be potential moonshots has ramped up.
This article will explore seven up-and-coming cryptos that traders believe could be positioned to explode in 2024.
1. Dogecoin20 (DOGE20)
Dogecoin20 (DOGE20) has quickly become one of the most buzzworthy crypto projects of 2024. Specifically, thanks to its innovative take on meme culture.
DOGE20 combines Dogecoin’s relevance with innovative tokenomics like a 2-year staking rewards program and fixed supply cap.
Its hugely successful $10 million presale demonstrated immense demand, with the hype now building ahead of April’s Uniswap listing.
Dogecoin20’s mission of being a “Doge upgrade” has resonated with investors – and over 8,800 people now follow the project on Twitter.
As such, DOGE20 looks well-positioned to be this cycle’s breakout meme coin. Especially if speculators keep piling in.
2. Slothana (SLOTH)
The Slothana (SLOTH) presale has been turning heads this week. Specifically, it raised almost $1 million since it began.
Although it doesn’t have a defined roadmap, SLOTH has tapped into investors’ appetite for meme-inspired tokens by focusing on the beloved sloth creature.
If previous success stories like SLERF (SLERF) are any indicator, this creature could be the next to feature in a meme coin hype wave.
At the time of writing, would-be investors can buy SLOTH tokens through the official website. Moreover, 1 SOL equates to 10,000 SLOTH.
Given that a DEX listing is already on the horizon once the presale ends, Slothana looks primed to benefit from the ongoing buzz around Solana-based meme coins in 2024.
3. 5thScape (5SCAPE)
As the VR gaming space continues to grow, 5thScape (5SCAPE) has emerged as a compelling upstart looking to make its mark in 2024.
Its ecosystem spans immersive sport/racing games, VR hardware, creator marketplaces, and staking rewards through the 5SCAPE token.
Over $2.6 million has already been invested in 5thScape’s ongoing presale, which is still in its earliest stages.
Not only that, but a whopping 17,000 people have opted to participate in 5thScape’s Telegram community.
With 80% of the total 5SCAPE supply allocated to early investors, the development team is focused on giving back to the community right off the bat.
Combine this with the project’s metaverse-based ambitions, and 5thScape looks to be ticking all the boxes as a crypto that could explode this year.
4. eTukTuk (TUK)
eTukTuk (TUK) is launching a new platform combining blockchain tech, artificial intelligence, and sustainable mobility.
The TUK token powers an ecosystem aiming to disrupt transportation in developing nations through a network of eco-friendly tuk-tuk vehicles optimized by intelligent routing.
This setup has helped eTukTuk attract over $2.5 million in its presale ahead of the planned exchange listings once it concludes.
During the presale, investors can buy TUK tokens for just $0.029, which is expected to be a discount on the eventual exchange listing price.
With plans to launch a play-to-earn (P2E) racing game and install solar charging stations where they’re needed the most, eTukTuk could emerge as a blockchain-based force transforming urban transit if its ambitious vision is realized.
5. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix (BTCMTX) is an exciting proposition for those seeking exposure to Bitcoin’s upside through novel means.
Its “Stake-to-Mine” model allows holders of the BTCMTX token to earn mining rewards simply by staking rather than expending energy and resources.
Early investors believe this could disrupt the BTC mining landscape by dramatically lowering the barriers to entry.
In addition to Stake-to-Mine, Bitcoin Minetrix boasts a secondary staking protocol that offers yields of 55% per year.
The project’s presale has now raised over $12.6 million, suggesting there’s plenty of interest in its mission to democratize Bitcoin mining for the masses.
Visit Bitcoin Minetrix Presale
6. Ondo (ONDO)
The world of DeFi is evolving, and Ondo (ONDO) is at the forefront of bridging the gap between traditional finance and crypto.
This protocol focuses on tokenizing real-world assets (RWAs), particularly in the public bond market, offering users access to yield-generating products.
Key products like USDY (a yield-bearing stablecoin) and OMMF (a money market fund) provide investors with familiar assets in the Web3 space.
ONDO, the governance token of the ONDO DAO, plays a crucial role in shaping the project’s future.
With ONDO’s price up over 100% in the past month, the token could present an intriguing opportunity for those seeking exposure to the DeFi space.
7. Goldfinch (GFI)
Concluding our list of new cryptocurrencies that could explode in 2024 is Goldfinch (GFI).
Unlike traditional lending protocols, Goldfinch provides crypto loans without requiring crypto collateral from borrowers.
Instead, loans are collateralized by off-chain assets and income, expanding access to credit for a broader range of borrowers.
The GFI token, used for voting, staking, and incentives, is at the heart of this decentralized lending ecosystem.
With its mission to serve real-world businesses, Goldfinch could be another crypto shaping up for a fruitful year as it gains traction.
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