Crypto News: New Cryptocurrencies to Invest In

Cryptocurrency is an increasingly attractive market, offering you an opportunity to explore the realm of Web3. More often than ever before, we see crypto news linking tokens to exciting new technologies like artificial intelligence, NFTs, the metaverse, and much more. Of course, crypto doesn’t just serve as a gateway to these new technologies, it offers a promising way of making money too.

Profits can be generated through trading, and selling a cryptocurrency when its value rises. There are also other ways to generate passive income with crypto, such as staking. Additionally, cryptocurrencies can serve as a store of value, especially during times of inflation, providing a means to protect your wealth.

As you can see, there are many reasons to buy crypto and invest in this rapidly developing market. Furthermore, the remainder of 2024 is shaping up to be a great time to get involved in cryptocurrencies. If you’re considering investing in crypto this year, below we suggest the top 10 cryptocurrencies to consider purchasing.

Crypto Market News: What Does The Rest of 2024 Look Like For New Cryptocurrencies?

The crypto market experiences important booms and busts. However, each and every year there are winners and losers. The trick is to find the best ones for each year or season.

However, 2024’s crypto space has been developing nicely. Bitcoin’s trend is significant because it’s the world’s first cryptocurrency, and today the market cap of Bitcoin represents a dominance of almost 50%. Suffice it to say, that Bitcoin has a significant impact on the entire crypto market.

For many, 2024 is a banner year for cryptocurrencies. The market has been cleansed of many bad actors who exited in years past, however there is always a threat of a bear market. Moreover, many projects are expected to receive significant updates in 2024. So, could this be the right time to invest in crypto again in 2024? It could be just that.  Below, you’ll discover 10 of the newer and most promising cryptocurrencies to buy in 2024. 

Please note that this selection does include some relatively established coins that remain promising.

Optimism (OP)

What is Optimism (OP)?

To grasp the concept of Optimism (OP), we must delve into the fundamentals of the famous Ethereum blockchain. Ethereum is the most significant blockchain for developing decentralized applications. Consequently, its network often faces congestion issues. This is where Optimism comes into play.

Optimism is the name of a layer 2 solution that operates on Ethereum. As a layer 2 solution, Optimism helps streamline traffic on the Ethereum blockchain. Essentially, this solution diverts some of the traffic away from the main Ethereum network. In principle, Optimism falls into the same category as Polygon, although the latter is more independent (having its own consensus algorithm). Optimism tokens are relatively new, with the airdrop dating back to May 31, 2022.

Why Buy Optimism in 2024?

• Newly emerging token with high growth potential;
• A token that enables the operation of a layer 2 solution;
• Market capitalization exceeding €1 billion in just one year;
• Closely tied to the largest blockchain for decentralized applications (Ethereum).

Artificial Liquid Intelligence (ALI)

What is Artificial Liquid Intelligence (ALI)?

Just as Artificial Intelligence (AI) is big news, Artificial Liquid Intelligence (ALI) is big crypto news. As you can probably guess, Artificial Liquid Intelligence is a token in the highly sought-after field of AI. From a technical perspective, it’s an ERC-20 token, meaning it operates on the Ethereum blockchain. Philosophically, Artificial Liquid Intelligence enables the development of AI applications that are compatible with each other.

ALI’s platform is called Alethea.ai, and its CEO and founder is Arif Khan. The project dates back to January 2020, but the first release of ALI tokens only occurred in March 2022. In January 2023, it gained significant attention by launching CharacterGPT. This application is similar to ChatGPT but focuses on creating characters based on given descriptions, rather than generating text.

Why Buy Artificial Liquid Intelligence in 2024?

• A token with significant potential;
• A token associated with the thriving field of AI;
• A platform that combines smart contracts and AI.

Dogecoin (DOGE)

What is Dogecoin (DOGE)?

Dogecoin falls into the category of meme coins, and it keeps trending as an infamous source of crypto news. These coins were created as something of a joke or a challenge, but they gained success and established themselves in the crypto market. However, Dogecoin is not without value. Unlike many meme coins, Dogecoin has its own blockchain and serves as a means of payment.

According to Coinmarketcap data, the price of Dogecoin is €0.06 at the time of writing this article. Being a meme coin, its price is extremely volatile. Interestingly, it is less affected by the overall crypto market situation but reacts strongly to social media events. For example, the price of DOGE often soars when Elon Musk (a big DOGE fan) mentions it on Twitter.

Why Buy Dogecoin in 2024?

• Meme coins are a highly popular crypto category and less affected by bear markets;
• A meme coin that offers real technology with its own blockchain and actual utility;
• The price of DOGE is very affordable and far from its all-time high (€0.7 on May 8, 2021);
• Dogecoin has strong support from figures like Elon Musk.

Uniswap (UNI)

What is Uniswap (UNI)?

Uniswap is the world’s largest decentralized cryptocurrency exchange (DEX). DEXs operate differently from centralized exchanges (CEXs) like Binance and Coinbase. Liquidity on DEXs is provided directly by users and their decentralized nature results in lower fees. The UNI token is used to facilitate operations on the DEX, allowing you to exchange it for any cryptocurrency you wish to buy.

Uniswap (UNI) Price

According to Coinmarketcap data, the price of Uniswap was €4.2 at the time of writing this article. Unlike many cryptocurrencies, this price has experienced a slight decline since the beginning of the year. The UNI token’s price primarily depends on the success of the exchange platform.

Why Buy Uniswap in 2024?

• The largest decentralized exchange in the world;
• A coin with a specific and tangible purpose;
• Decentralized finance is becoming increasingly popular, especially after the scandals involving CEXs in 2022;
• The price of the UNI coin is very affordable and far from its all-time high (€40 on May 3, 2021)

Cosmos (ATOM)

What is Cosmos (ATOM)?

Cosmos is the name of a comprehensive blockchain ecosystem. Technically, Cosmos falls under the rare category of layer 0 blockchains. This means Cosmos provides an architecture that enables the construction of interoperable level 1 blockchains (similar to Bitcoin and Ethereum) that can communicate with each other.

Why Buy Cosmos in 2024?

• A highly ambitious project and a layer 0 blockchain;
• An ecosystem that provides a solution in the promising field of blockchain interoperability;
• A large development team;
• The price of the ATOM coin is very affordable and far from its all-time high (€40.7 on September 20, 2021).

Fetch.ai (FET)

What is Fetch.ai (FET)?

Fetch.ai is one of the new cryptocurrencies in 2024. While it has been around for several years, it started gaining significant attention only a few months ago. The reason? FET allows users to use and develop AI-based services.

Why Buy Fetch.ai in 2024?

• A cryptocurrency associated with the highly promising field of artificial intelligence.
• Significant partnerships, such as with Bosch.
• A coin that is generating significant buzz.
• With the buzz around AI, it has reached new heights

Monero (XMR)

What is Monero (XMR)?

Monero is a cryptocurrency with its own blockchain. It is one of the few cryptocurrencies that offer complete anonymity for transactions. While there are some competing cryptocurrencies, Monero is the leader in this field, with a market capitalization of over €2.6 billion.

Why Buy Monero in 2024?

• A cryptocurrency with genuine utility, focusing on data protection;
• A leading blockchain in data protection;
• Advanced technology that protects user identities;
• A price still far from its all-time high.

Aptos (APT)

What is Aptos (APT)?

The cryptocurrency Aptos is new, having been launched in October 2022. Behind the Aptos project are developers who previously worked for Facebook (Meta). While there is intense competition among layer 1 projects, Aptos has significant advantages that could make it one of the big winners, including high scalability.

Why Buy Aptos in 2024?

• A layer 1 cryptocurrency with high scalability.
• An opportunity to invest in a recent project that is just beginning to develop.
• A price trend that points to major growth this year

PAX Gold (PAXG)

Why Buy Pax Gold in 2024?

The cryptocurrency PAX Gold was launched at the end of 2019. From a technical standpoint, it is an ERC-20 token that operates on the Ethereum blockchain. This cryptocurrency allows you to invest in gold. By purchasing PAXG tokens, you are essentially buying several grams of gold, making it accessible to those with limited means or those who prefer not to deal with physical gold storage.

Why Buy PAX Gold in 2024?

• A token that allows you to invest in gold without the hassle of storage;
• A token that combines the benefits of blockchain and gold;
• Despite its high price, its value is still far from its all-time high (€3,174 on April 22, 2020);
• A cryptocurrency price indexed to that of gold, making it highly valued in times of inflation.

Nano

What is Nano (XNO)?

The Nano project dates back to 2014. Its goal is to handle a large number of transactions. Unlike Bitcoin, Nano focuses on small payments, such as microtransactions, which have significant potential in many countries. An important feature of Nano is that its blockchain does not generate transaction fees.

Why Buy Nano in 2024?

• A cryptocurrency that can process a large number of transactions;
• Completely free transactions on Nano;
• A project that offers a concrete solution in the highly promising micropayments sector.

Latest Crypto News: Promising Exchanges For Buying Cryptocurrencies Today

There are several options for buying the promising new cryptocurrencies mentioned in this guide. To invest in cryptocurrency, you’ll need to use the services of a cryptocurrency exchange platform, also known as an exchange. Each platform offers a specific catalog of assets.

Before choosing an exchange, it’s essential to ensure that the platform offers the cryptocurrency you want to buy. Well-established cryptocurrencies are available on the vast majority of exchanges. For example, it’s rare to find a cryptocurrency exchange that doesn’t offer Bitcoin! However, for newer assets, you need to be more vigilant.

Here are three reliable cryptocurrency exchange platforms where you can purchase the top new cryptocurrencies in 2023:

Binance

Binance is arguably the largest cryptocurrency exchange globally, boasting more than 120 million users worldwide. Binance offers a choice of over 350 cryptocurrencies, with new coins and tokens regularly added.

Binance

• Low fees
• One of the largest crypto exchanges
• Fee discount for using native BNB

Binance

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Coinbase

Founded in 2012, Coinbase is one of the oldest cryptocurrency platforms. Like Binance, Coinbase is a centralized exchange known for its reliability, making it an excellent choice for purchasing new cryptocurrencies.

Coinbase

• Regulated exchange
• An easy-to-use platform
• Free crypto training offered

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Kraken

Kraken is also among the pioneering figures in the cryptocurrency space, established in 2011. It is currently the third-largest exchange globally, according to Coinmarketcap rankings. Kraken offers approximately a hundred cryptocurrencies.

Kraken

• Great customer support
• Secure exchange
• Lower fees with Kraken Pro

Kraken

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However, which platform should you prioritize for buying new cryptocurrencies? In our view, you should consider Binance. Naturally, this is our opinion as the Tokize team, and it should not be considered investment advice. Binance is widely regarded as the number one trading platform worldwide, known for its reliability, security, liquidity, and the ability to quickly and easily access various tokens, including those we have presented as cryptocurrencies to watch in the remainder of 2024. However, it’s important to remember that cryptocurrency investment carries risks, and it’s possible to lose all or part of your initial investment. Invest responsibly and only what you can afford to lose.

How to Buy New Cryptocurrencies?

Do you want to invest in cryptocurrency and, in particular, position yourself with one of the top 10 promising new cryptocurrencies in 2024? Discover how to do so below, following these simple steps. Rest assured, it’s not very complicated!

Create an Account

The first step is to create an account on your chosen platform. Regardless of the exchange you select, creating an account typically involves filling out a short form. You’ll also need to provide your email address and create a strong password. In general, exchanges will verify your email address.

Deposit Funds

The second step is to deposit funds into your exchange account. This fiat money will allow you to buy cryptocurrencies and exchange them. On some exchanges, this step may not be necessary. For example, if you want to buy well-established cryptocurrencies (like Bitcoin), you may have the option to do so directly with your credit card or by bank transfer.

Connect a Crypto Wallet

A crypto wallet (or wallet) is used to securely store your cryptocurrencies. Before starting your trading activities, you should have a wallet and connect it to the exchange. It’s advisable to choose a recognized wallet, such as Metamask wallet or Ledger wallet, to avoid compatibility issues.

Purchase the Cryptocurrency of Your Choice

The final step is to buy the cryptocurrency you desire. To do this, you’ll need to go to the cryptocurrency market section and select the corresponding trading pair. For example, if you want to buy Bitcoin with euros, you’ll need to choose the BTC/EUR pair.

2024 Crypto News: Final Predictions for the Rest of the Year

The cryptocurrency market encompasses thousands of different coins, providing numerous investment opportunities. However, cryptocurrencies are highly volatile. Additionally, many crypto projects enter the market only to disappear months or years later. To ensure a successful cryptocurrency investment, take the time to research and identify the best new cryptocurrencies to buy in 2024.

After the bear market of earlier years, the rest of 2024 presents an excellent window for buying cryptocurrencies. Most cryptocurrencies are still far from their all-time highs, indicating significant potential for growth in the coming months.