With the Bitcoin block halving propelling the number-one-ranked cryptocurrency back into mainstream headlines, traders are preparing themselves for the biggest bull run in the industry’s history.
In particular, traders are starting to position themselves in newly emerging cryptocurrencies capable of delivering 10x returns. Newly emerging altcoins allow investors to get positioned at the lowest possible prices, offering the unique opportunity to earn exponential gains for smaller sums of investment.
With thousands of new cryptos launching monthly, it’s pretty cumbersome to pick the top options for the highest growth. Fortunately, we’ve found five of the top newly emerging cryptocurrencies that need to be on your watchlist for 2024.
Five emerging cryptocurrencies for your 2024 watchlist
- Dogecoin20 ($DOGE20) - A Doge-related meme coin bringing upgraded features
- Smog Token ($SMOG) - An airdrop-focused meme coin causing a buzz
- Spongebob Token ($SPONGE) - a meme coin sensation introducing play-2-earn
- Scotty the AI ($SCOTTY) - An AI-powered trading solution
- Green Bitcoin ($GBTC) - A predict-to-earn platform for huge rewards
Dogecoin20 ($DOGE20)
Spotlight WireDogecoin20 is a newly launched dog-based meme coin that’s causing a wave in the market due to its unique passive income staking utility and environmentally friendly consensus mechanism.
$DOGE20 is hailed as the ultimate Dogecoin upgrade, described as the version Elon Musk would have created if he launched $DOGE in 2013.
The newly upgraded Dogecoin utilises the proof-of-stake algorithm instead of Dogecoin’s energy-intensive proof-of-work, bringing an environmentally friendly approach to the Doge-related meme coin list.
The dog-based meme coin also provides a unique staking feature that allows holders to earn a passive income. The staking feature is an incentive for long-term holding, reducing the selling pressure when $DOGE20 launches on the open market.
Overall, Dogecoin20 is a breath of fresh air in the overcrowded meme coin space and is one of the best-emerging cryptocurrencies to add to your watchlist.
Smog Token ($SMOG)Spotlight Wire
$SMOG launched fairly at the start of February on the Jupiter DEX. It immediately captivated meme coin lovers as it trended across the industry on popular trading platforms such as DexTools and DexScreener.
The platform allows users to buy and hold $SMOG tokens to accumulate airdrop points and participate in the historic airdrop. Alternatively, users can journey through the Zealy campaign to complete quests and accumulate airdrops. The quests involve tasks like liking specific posts on X and joining the community, which provide airdrop point rewards.
Following its launch, Smog Token also launched on the Ethereum blockchain through Wormhole, offering another route to get positioned and allow users to stake to earn a 42% APY.
Overall, $SMOG is undoubtedly a newly emerging cryptocurrency with a huge buzz that should be added to your 2024 watchlist.
$SMOG can be bought through the project’s website using $ETH, $USDT, or a credit card.
Spongebob Token ($SPONGE)Spotlight Wire
$SPONGE V2 is the next incarnation of the meme coin sensation that’s slated to be bigger and better than V1 through its enhanced marketing campaign and additional play-to-earn utility.
The project is offering a unique stake-to-bridge utility for those looking to participate in the upgrade. The bridge requires users to lock their V1 $SPONGE into the bridge to receive an equivalent amount of v2 $SPONGE following the upgrade.
All V1 $SPONGE sent to the bridge will be permanently locked to help facilitate the upgrade to V2.
Overall, $SPONGE is causing a stir as its V2 upgrade becomes a newly emerging cryptocurrency to keep on your watchlist.
Scotty the AI ($SCOTTY)Spotlight Wire
The innovative AI project is designed to revolutionise how security, fraud detection, and risk mitigation are handled through its products, such as Scotty Chat and Scotty Swap.
Scotty Swap's AI integration ensures all token swaps are seamless and optimised for maximum returns. It also introduces advanced limit orders, allowing traders to manage their risk accordingly. Scotty Chat gives users a deep insight into the crypto market, allowing them to stay ahead of trends.
The project is causing buzz as it appeals to purist crypto investors because the team has refused to allocate any token for themselves, and the contract has been renounced.
$SCOTTY also provides a staking feature to allow you to earn a return on your holdings.
$SCOTTY can be purchased on presale through the project’s website using $ETH or $USDT.
Overall, this is undoubtedly a newly emerging project to be adding to your watchlist in 2024.
Green Bitcoin ($GBTC)Spotlight Wire
The platform allows users to stake their $GBTC tokens to forecast Bitcoin's price and earn rewards for accurate predictions. The rewards are provided through the staking rewards pool and distributed every ten minutes, paying homage to the original Bitcoin blockchain. The team has funded the rewards pool with 27.5% of the total supply, offering rewards for the next two years.
The Gamified Green Staking mechanism has experts believing that a supply shock might be coming to the market as newcomers following the presale might struggle to buy $GBTC, as most tokens will be locked in the predict-to-earn ecosystem.
As a result, this newly emerging project has enormous potential and should be added to your 2024 watchlist.
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