7 New Cryptocurrencies With High Growth Potential

The post 7 New Cryptocurrencies With High Growth Potential appeared first on Coinpedia Fintech News

Many crypto prices are showing strength today after a lengthy period of adversity.

This signals a reversal may be on the horizon, which could be a great time to buy new altcoins.

With that in mind, let’s examine the top seven new cryptos with high growth potential.

PlayDoge

PlayDoge is a Play-to-Earn meme coin on the BNB Smart Chain. The project is currently in its presale, which means investors can buy in at a rock-bottom price.

Its promising use case is drawing massive excitement, reflected in the project’s presale, raising $5 million so far.

PlayDoge’s flagship feature is its P2E game, built around the 90s sensation Tamagotchi.

Like the original version, PlayDoge players will care for a virtual pet, ensuring it’s happy and healthy.

PlayDoge retains the 90s zeitgeist of handheld gaming by bringing the game to smartphones. It will launch on the App Store and Google Play Store, providing widespread accessibility.

But here’s the kicker: PlayDoge introduces real crypto rewards.

This creates a new paradigm of excitement and attachment for players, who can relive nostalgic gaming experiences while generating income.

Users must buy $PLAY to receive rewards. The token also has utilities staking and transferring value through the PlayDoge ecosystem. 

Aevo

Aevo is another new cryptocurrency with high growth potential. It’s a decentralized finance (DeFi) project, and the first high-performance DEX focused on options and perps trading.

To facilitate its use case, Aevo has designed a novel architecture with an off-chain orderbook and on-chain settlements. This gives the advantage of lower transaction costs and higher speeds while benefiting from Ethereum’s security and decentralization.

Aevo is backed by some of the crypto’s leading venture firms, including Paradigm, Dragonfly.xyz, and Coinbase.

The AEVO token launched in March and currently holds a $426 million market cap.

However, AEVO stands out from other big token launches because 84% of its supply is already in circulation.

This means the token is unlikely to see the same level of sell pressure from token unlocks as projects like Worldcoin and Wormhole, which have less than 20% of their total supply in circulation.

WienerAI

Meme coins will dominate cryptocurrency in 2024. That’s reflected in today’s price performance, with the meme coin market cap up 7% while the total crypto market cap is down 0.7%.

However, meme coins are not for everyone. Some investors prefer more conservative cryptocurrencies with inherent utility and intrinsic value.

That’s where WienerAI comes in. It’s a blend of meme coin and AI token, tapping into crypto’s two hottest trends.

The project’s bread and butter is an AI-powered trading bot. It empowers users to make better trading decisions while also delivering a seamless trade execution environment.

Think of it like ChatGPT for finance.

Users can ask it questions, and its giga-brain will scour the market for the best opportunities.

Once they’re happy with the results, they can execute the trade from the bot’s interface.

The project has been a massive hit. It’s currently in presale and has raised over $6 million so far.

But those who want to buy $WAI should act fast because the presale price will rise throughout the campaign. 

Notcoin

Thanks to Notcoin, the P2E narrative has become one of crypto’s hottest prospects.

NOT launched in May and has risen to a whopping $1.4 billion market cap.

However, its success is not without merit. Notcoin boasts one of crypto’s biggest user bases at over 40 million players.

It’s a Toncoin-based game that users can seamlessly access through the Telegram application.

While Notcoin’s $1.4 billion valuation is significant, the project’s mass adoption could signal huge growth potential.

Notcoin is currently trading at $0.0141, up 4% today, down 11% this week, but up 180% this month.

As mentioned, the total crypto market cap is down 0.7% today, so Toncoin’s 4% uptick reflects relative strength, which could enable more growth as crypto prices rise.

Ethena 

Ethena is an Ethereum-based DeFi protocol that offers a yield-generating stablecoin called USDe.

The stablecoin is synthetic and employs “delta-hedging Ethereum and Bitcoin collateral” to provide a market-leading yield.

Per its website, USDe currently provides a 10.1% APY, which is well above the market average. For instance, Aave currently offers a 5.08% APY on USDT deposits.

Adding to the excitement, Ethena is potentially at a lower risk than other high-yield stablecoin issuers. Its stablecoin is collateralized, and users can verify its custody on the platform.

USDe has a $3.5 billion market cap, up over 10x since its launch in February. This signals a big vote of confidence from investors.

ENA is the ecosystem’s native governance token, enabling holders to have a say in the project’s future. Holders can also stake their ENA tokens.

Base Dawgz

Base Dawgz is another presale meme coin that is causing a stir. The project’s home is the Base chain, but it has employed multichain technology to launch on Ethereum, Solana, BSC, and Avalanche.

And that’s not the only standout feature of $DAWGZ. Another big topic is its refer-and-earn scheme.

Community members can generate a referral code from the project’s website and then share it with others to earn a commission on presale investments.

They will earn 10% of each successful referral, paid in USDT when the presale ends.

Base Dawgz also has plans to launch a staking feature. The team will release further details later but has revealed that 20% of $DAWGZ tokens are earmarked for staking rewards.

The current Base Dawgz presale price is $0.005534, but this will rise throughout the campaign. The next increase is in six days.

Dog (Runes)

Dog is a Bitcoin-based meme coin that has recently taken the market by storm.

It’s centered around a cute dog mascot, similar to many top meme coins. The key difference is that Dog is on the novel Bitcoin Runes protocol. 

Runes was recently created to make launching and managing fungible tokens on Bitcoin easier.

Dog is the ecosystem’s biggest cryptocurrency, over 10x more valuable than the runner-up.

It currently holds a $560 million market cap, up 10% today, down 7% this week, and up 35% this month.

However, Dog has massive growth potential because it is the biggest cryptocurrency on Bitcoin’s latest technology.

For perspective, Ethereum’s largest meme coin, Shiba Inu, holds a $10 billion market cap. 

And Solana’s largest project, Dogwifhat, has a $1.8 billion market cap.

Meanwhile, Bitcoin’s $1.3 trillion market cap is 3x bigger than ETH’s and 20x bigger than SOL’s.

Even a minor portion of Bitcoin’s liquidity would skyrocket the Dog price.