While Bitcoin and Ethereum continue to dominate the cryptocurrency conversation, there’s no shortage of innovative new projects aiming to make their mark.
Many of these fresh cryptos have only emerged in recent months but are quickly building momentum as investors seek the next breakout star in the market.
This article will explore seven new cryptocurrencies that experts predict could be smart long-term investments in 2024 due to their promising concepts.
1. TG.Casino (TGC)
TG.Casino (TGC) is a new cryptocurrency that has raised almost $3.2 million through its presale in just two months.
The main reason for the buzz around TG.Casino is its integration with the Telegram messenger app, which means users can place bets anonymously using crypto.
Not only that, but those who place wagers using TGC, TG.Casino’s native token, will receive 25% cashback on their losses.
With the GambleFi space continuing to see stellar growth, TGC could be a crypto worth investing in for the long term.
2. Meme Kombat (MK)
Meme Kombat (MK) is a utility-driven meme coin that combines hilarious branding with income possibilities.
Users can place bets on AI-animated meme battles using MK, the ecosystem’s native ERC-20 token.
MK tokens can also be staked to earn a passive yield, with APYs currently at 387%.
Given that a large percentage of projects in the meme coin space offer no real utility, Meme Kombat has a solid chance of standing out from the crowd.
The project’s presale has raised over $2.2 million in investment, with the MK token set to be launched on Uniswap once it ends in January.
3. Bitcoin ETF Token (BTCETF)
Bitcoin ETF Token (BTCETF) is another presale crypto project that looks to capitalize on the enormous hype around a spot BTC ETF being launched in the US.
BTCETF’s tokenomics are designed in such a way as to benefit long-term holders as real-world ETF milestones are bet.
A token burn and selling tax mechanism are built into Bitcoin ETF Token, reducing the supply over time and helping enhance value for holders.
Alongside its deflationary mechanics, Bitcoin ETF Token also has a staking protocol that offers APYs of 119%.
With a spot BTC ETF widely expected to receive the green light in early 2024, BTCETF could be an excellent way for investors to gain exposure to this momentous event.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix (BTCMTX) is a new cryptocurrency that introduces “Stake-to-Mine” for the first time.
Through this mechanism, BTCMTX holders can stake their tokens and earn cloud mining power, which can be used to mine BTC virtually.
This democratizes access to crypto mining, previously limited by the need for expensive hardware and technical expertise, opening up opportunities for a broader audience.
With the Bitcoin halving fast approaching, Bitcoin Minetrix’s unique use case could be in high demand.
Interested investors can buy BTCMTX tokens for $0.0119 through the ongoing presale before their open market debut.
5. Stacks (STX)
Stacks (STX) is a layer-1 blockchain that brings smart contracts and decentralized applications to the Bitcoin network.
As such, Stacks extends Bitcoin’s capabilities without changing its protocol.
Stacks’ native token, STX, is used to pay for executing smart contracts, processing transactions, registering digital assets, and rewarding miners.
Given Bitcoin’s continued dominance, Stacks’ ability to introduce smart contracts and decentralized applications to its ecosystem could significantly enhance Bitcoin’s utility – potentially increasing the value of STX.
6. NEST Protocol (NEST)
NEST Protocol (NEST) is a relatively new cryptocurrency that acts as a decentralized oracle protocol supplying price data to DeFi platforms.
The protocol uses a two-way quotation mechanism with miners and verifiers to ensure market prices are reflected on-chain.
Given the NEST Protocol’s valuable use case, hundreds of potential applications exist, including in derivatives trading, automated collateral loans, and more.
With the DeFi space projected to grow exponentially in the years ahead, NEST is a new token that investors may wish to add to their portfolios.
7. Lisk (LSK)
Lisk uses a delegated proof-of-stake (DPoS) consensus mechanism and employs its native token, LISK, to pay transaction fees.
One of Lisk’s key features is its customizable sidechains connected to the main blockchain, enabling developers to safely experiment with new functionalities.