13 High-Risk High-Reward Cryptos for 2024

High-risk high-reward crypto projects are typically small-cap tokens with two potential outcomes. They’ll either generate substantial gains or lose the majority of their value.

This guide explores 13 high-risk high-reward crypto projects to consider in 2024. Read on to discover speculative crypto ventures that could explode by 100x or more.

13 High-Risk High-Reward Cryptos to Consider

Here are 13 high-risk high-reward crypto projects that could perform well in the coming months:

1. Pepe Unchained – Pepe-themed meme coin built on the Ethereum L2 blockchain
2. Crypto All-Stars – Meme platform supports the staking of multiple meme coins
3. Base Dawgz – New doge-themed meme coin offers multi-chain compatibility
4. PlayDoge – High-risk crypto looking to blend Doge meme with P2E gaming
5. The Meme Games – New Olympics-style meme coin offers gamified presale bonuses
6. ShibaShootout – Wild West-themed meme token. Get up to 1,000% staking APY
7. UniBot – Leading Telegram sniper bot with a generous revenue-sharing model for passive rewards
8. SushiSwap – Potential competitor to Uniswap in the Ethereum DEX space, trades at a 95% discount from ATHs
9. Golem – Open-sourced and decentralized computational sharing ecosystem for the AI industry
10. Hivemapper – Permissionless global mapping network with drive-to-earn incentives for dashcam footage
11. The Sandbox – Popular metaverse project with virtual land ownership and play-to-earn gaming
12. Helium Token – Wireless internet infrastructure with tokenized rewards for sharing WiFi and 5G
13. Pepe – Top-performing meme coin with 215% growth in the past year, potential Shiba Inu killer

My Analysis of the Cryptos with the Highest Upside

I’ll now discuss the high-risk high-reward cryptocurrencies listed above. Discover why my top-11 picks are worth considering in 2024.

1. Pepe Unchained – Best High-Risk High Reward Meme Coin, $8.4 Million Raised

We have picked Pepe Unchained ($PEPU) as the best high-risk high reward coin in 2024. This Pepe-inspired meme coin can be a high-risk investment as it’s still in its early presale stages. Furthermore, the volatility of meme tokens makes it an unpredictable investment.

However, Pepe Unchained offers unique features which can make it a highly rewarding investment. Firstly, it is built on the highly scalable and efficient Ethereum layer-two (L2) blockchain. Thus, this L2 token can offload transactions from the main chain, increasing the transaction speeds while reducing the operational costs.

Secondly, Pepe Unchained offers huge rewards through its staking mechanism. At the time of writing, $PEPU can be staked to earn an APY (Annual percentage yield) of up to 231%. More than 400 million of the total 8 billion token supply is staked on Pepe Unchained.

Currently, $PEPU is priced at just $0.0090178 per token. Within a few months, Pepe Unchained has raised more than $8.4 million on presale. 20% of the total supply will be distributed through the presale. For more information, go through the Pepe Unchained whitepaper and join the Telegram channel.

Visit Pepe Unchained

2. Crypto All-Stars – Innovative Crypto Platform Supports Multi-Meme Coin Staking

The next high-risk, high-reward crypto token to watch in 2024 is Crypto All-Stars ($STARS). This revolutionary platform is creating a single hub for meme coin lovers to stake all their favorite tokens. 

On Crypto All-Stars, investors can stake a number of meme coins – such as Dogecoin, Shiba Inu, Floki Inu, Brett, and plenty more. All these tokens will be available to stake on Crypto All-Stars’s new feature – the MemeVault. On the MemeVault, your staked tokens will be rewarded with $STARS tokens. 

$STARS, the native token of Crypto All-Stars, is currently available to buy for $0.00138 on presale. In just a few days, the presale has raised more than $336K. To incentivize the demand for $STARS, Crypto All-Stars will be rewarding MemeVault users with a 3x increase in your overall APY. 

Furthermore, $STARS can be staked to earn a high APY of 5,466%. So far, 138 million $STARS tokens have been staked on Crypto All-Stars. This innovative use case can make Crypto All-Stars a highly rewarding meme coin. 

Learn more by going through the Crypto All-Stars whitepaper and joining the Telegram channel. 

Visit Crypto All-Stars

3. Base Dawgz – Multi-Chain Meme Token Offers Up to 876% Staking Rewards

Base Dawgz ($DAWGZ) is an exciting meme token that has recently launched on presale. While the token is built on the Base blockchain, Base Dawgz leverages the power of Wormhole and Portal Bridge technology to offer multi-bridge utility.

Thus, $DAWGZ token holders can bridge over from Base to the Ethereum, Avalanche, Solana, and Binance blockchains. On Base Dawgz, token holders can also stake $DAWGZ to generate an annual yield of more than 876%. In the long-term, 10% of the total 8.453 billion token supply will be allocated through the staking mechanism.

Base Dawgz also hosts a ‘Be Social for Airdrop’ campaign to incentivize token adoption. Through this platform, investors can share and generate content about Base Dawgz on social media and win $DAWGZ tokens as a reward. All these reasons make Base Dawgz a high-potential investment opportunity.

At the time of writing, $DAWGZ is priced at $0.007414 per token on presale. In a couple of months, the presale has raised more than $2.9 million. Stay tuned for more project updates by going through the Base Dawgz whitepaper and joining the Telegram channel.

Visit Base Dawgz

4. PlayDoge – Play-to-Earn Meme Coin Offers Over 77% APY

PlayDoge is a BNB-based token that merges the fun of Doge memes with the utility of a 90s-themed play-to-earn (P2E) game.

Players of this Tamagotchi-styled game can earn $PLAY tokens by tending to their digital pets, capitalizing on the booming P2E market, which recently reached a $13 billion market cap. This is set against the backdrop of a global video game market expected to hit $665 billion by 2033, highlighting the potential of mobile P2E games.

PlayDoge’s presale has already raised over $6 million, benefiting from a recent surge in FLOKI’s price. The project offers significant staking rewards, with APYs exceeding 77%, and has seen over 500 million tokens staked so far.

With a total supply of 9.4 billion PLAY tokens, allocations are made for marketing, project development, liquidity, community rewards, and staking. Rumors suggest potential internal Binance connections could lead to a Binance CEX launch post-presale, adding further excitement.

Combining high staking rewards and a playful P2E model, PlayDoge stands out as a compelling investment. Stay updated by following PlayDoge on X (Twitter) and joining their Telegram channel. This blend of meme culture and practical utility positions PlayDoge as a top pick for investors seeking substantial returns in the crypto space. Feel free to check out our step-by-step guide on How to Buy Playdoge if you are interested in getting involved!

Visit PlayDoge

5. The Meme Games – Olympics-Themed Meme Coin Offers High Staking Rewards and Gamified Bonuses

The Meme Games ($MGMES) is a new platform inspired by the 2024 Paris Olympics. This platform hosts meme coin races through which $MGMES presale investors can win 25% bonuses on their initial investment.

The races will feature five meme avatars – Doge, Brett, Pepe, Turbo, and Dogwifhat. After purchasing $MGMES on presale, investors can select the avatar that will represent them in a 169m dash sprint. If the chosen avatar wins the race, you receive the bonus.

Token holders can also stake $MGMES on Ethereum-powered smart contracts to earn an annual yield of up to 571%. From a total supply of 2.024 billion tokens, 10% will be distributed through staking pools. Another 38% of the token supply is being allocated through the ongoing presale.

In only a few weeks since the presale launched, The Meme Games has raised nearly $362K. The exciting combination of the Olympics with popular meme avatars makes The Meme Games a top coin to invest in 2024. Read the Meme Games whitepaper and join the Telegram channel to learn more about this project.

Visit The Meme Games

6. ShibaShootout – Wild West-themed Meme Token, Get 1,200% Staking Rewards

The next high-risk high reward token to buy in 2024 is ShibaShootout ($SHIBASHOOT), a Wild West-themed meme coin. On this platform, investors can get staking benefits, participate in lotteries, and access voting rights.

Through the ‘token governance roundups’ format, $SHIBASHOOT token holders will be given voting rights. Through this platform, users can decide the future of the ecosystem. Token holders can also purchase tickets and participate in lotteries to further increase their winnings.

Long-term investors can opt to stake $SHIBASHOOT tokens on smart contracts to secure an APY of more than 1,000%. From a total supply of 2.2 billion, 440 million tokens will be distributed through the staking mechanism. Another 770 million tokens are being allocated through the ongoing presale.

At press time, $SHIBASHOOT is priced at $0.0198 per token. In a few months, the presale has raised more than $930K. Learn more about this project by reading the ShibaShootout whitepaper and joining the Telegram channel.

Visit Shiba Shootout

7. UniBot – Leading Telegram Sniper Bot With a Generous Revenue-Sharing Model for Passive Rewards    

UniBot is one of the leading Telegram sniper bots. It enables Telegram users to buy, sell, and trade crypto tokens without leaving the app. UniBot is particularly popular with high-risk high-reward investors. It can ‘snipe’ new cryptocurrencies as soon as they launch on decentralized exchanges.

This offers a huge time advantage for UniBot users, considering the bot is fully automated. UniBot has a native ecosystem token, UNIBOT. Currently valued at just over $12 million, UNIBOT offers solid utility. For a start, token holders are automatically enrolled in UniBot’s revenue-sharing model.

This includes a share of UNIBOT transactions, which come with a 5% tax. 40% of the collected tax is proportionately distributed to token holders. Moreover, UniBot’s sniper charges a 1% transaction fee on all trades, meaning additional rewards. The UNIBOT price currently trades almost 95% below all-time highs, so you’ll secure a substantial discount.

Buy UniBot on MEXC

8. SushiSwap – Potential Competitor to Uniswap in the Ethereum DEX Space, Trades at a 95% Discount From ATHs    

Next on this list of high-risk high-reward cryptocurrencies is SushiSwap – a decentralized exchange on the Ethereum network. This industry is dominated by Uniswap, which boasts considerably larger trading volumes than SushiSwap. However, SushiSwap is worth just a small fraction of Uniswap’s $4.5 billion market capitalization.

Today, SushiSwap is valued at just $240 million – meaning there’s a huge upside to target. What’s more, SushiSwap offers more competitive fees, not to mention a more favorable incentive model for token holders. Even so, SushiSwap currently trades over 95% below its all-time high.

Nonetheless, SushiSwap operates in a high-growth DeFi market, so current prices will attract long-term growth investors. In terms of recent performance, SushiSwap has increased by just over 1% in the prior year. While this underperforms the broader market, SushiSwap is a credible project with lots of potential.

Buy SushiSwap on eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. 

9. Golem – Open-Sourced and Decentralized Computational Sharing Ecosystem for the AI Industry    

Golem is one of the best AI crypto coins to consider. In a nutshell, Golem has created an open-sourced ecosystem for sharing and renting computational resources. This will help the AI industry meet ever-growing demand.  The Golem Network has two key stakeholders. First, there’s ‘Providers’. Anyone can become a Provider by supplying spare computational resources.

Then there are ‘Requestors’, who utilize the computational power supplied by Providers. GLM tokens are the medium of exchange. Meaning – Requestors pay Providers in GLM for the resources they use. This means GLM is a solid utility token with clear use cases.  Moreover, with a market capitalization of just $600 million, the upside potential is substantial.

However, so are the risks – considering increased competition in this niche. In terms of performance, Golem has increased by over 160% in the past 12 months. This vastly outperforms Bitcoin and the broader market. The good news is that AI coins have entered a market correction, so Golem is now trading almost 52% below all-time highs.

Visit MEXC

10. Hivemapper – Permissionless Global Mapping Network With Drive-to-Earn Incentives    

Hivemapper is also worth considering when choosing a crypto with the highest upside. Hivemapper, which is one of the best DePIN coins, has developed an innovative drive-to-earn concept. Participants earn HONEY tokens when contributing to the network. Contribution requires drivers to install a 4k dashcam in their vehicles.

Similar to Google Earth, the dashcam records street-level imagery. However, unlike Google Earth, Hivemapper is building a decentralized global mapping network. This means mapping data is stored and distributed without a single point of failure. It also ensures data isn’t manipulated or censored by centralized corporations.

According to Hivemapper, its network already has over 137,000 contributors. This translates to over 203 million KM worth of imagery. All that said, Hivemapper has a small market capitalization of just $126 million. While Hivemapper has increased by over 300% in the past year – it trades 78% below all-time highs.

Visit MEXC

11. The Sandbox – Popular Metaverse Project With Virtual Land Ownership and Play-to-Earn Gaming     

The Sandbox is a popular metaverse project that witnessed unprecedented growth during the prior bull cycle. Its native token, SAND, was priced at just $0.03 in January 2021. Less than 12 months later, SAND hit an all-time high of $8.44. This represents growth of over 28,000% in under a year.

Today, SAND trades almost 95% below its 2021 peak. This offers a substantial discount for new investors. However, the SAND investment thesis is dependent on one metric; whether or not the metaverse narrative returns during the next bull market. If it does, then the Sandbox is well-positioned for a substantial recovery.

In terms of features, the Sandbox metaverse enables users to purchase virtual land plots. Each plot is backed by a unique NFT, ensuring ownership is secured on the Ethereum blockchain. The Wall Street Journal reports that Sandbox plots have sold for up to $4.5 million. The Sandbox also supports play-to-earn gaming, virtual music experiences, and socialization.

Buy the Sandbox on eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. 

12. Helium Token – Wireless Internet Infrastructure With Tokenized Rewards for Sharing WiFi and 5G     

Helium Token is another DePIN project that connects the real-world with blockchain technology. It has developed a global wireless infrastructure that decentralizes internet services. First, participants require a specialist hotspot device, which can be purchased from the Helium Token website.

The project has partnered with multiple network providers, each being approved by the Manufacturing Compliance Committee. According to Helium Token, more than 993,000 hotspots are already in circulation. Once activated, the hotspot device shares its internet connection with the public.

Anyone connecting to the hotspot must purchase internet data. The ecosystem’s native token is MOBILE, which participants earn when sharing their hotspots. Participants can also earn MOBILE by verifying network coverage. Helium Token has a market capitalization of just $187 million. MOBILE has increased by over 800% in the prior 12 months.

Buy Helium Token on MEXC

13. Pepe – Top-Performing Meme Coin With 215% Growth in the Past Year, Potential Shiba Inu Killer     

The final high-risk high-reward crypto to consider is Pepe. This is another meme coin that could offer a substantial upside – even considering Pepe’s current valuation of $3.4 billion. Pepe was launched in April 2023 – in the midst of the crypto winter. It’s based on (but not officially affiliated with) Pepe the Frog.

Pepe the Frog is a recurring character from Matt Furie’s comic book series – Boy’s Club. It’s also a popular meme that’s been shared millions of times on social media networks. While Pepe was launched during a bearish cycle, it increased by over 7,000% in just 17 days. Like many meme coin rallies, Pepe’s value peaked before capitulating.

However, Pepe’s price momentum not only returned in early 2024 but propelled the project to new heights. Today, Pepe trades more than 14,000% higher than its original listing price. This means Pepe is now the third-largest meme coin by market capitalization – just behind Shiba Inu. Pepe would need to outperform Shiba Inu by a factor of four to supersede it.

Buy Pepe on MEXC

How to Find High-Risk High-Reward Cryptocurrency

Although most cryptocurrencies should be considered high-risk, not all projects offer a suitable upside potential. As an investor, the upside should reflect the risk being taken. This aligns with the risk-reward spectrum.

Let’s take a closer look at how investors can find a high-risk crypto with the most upside.

Relationship Between Market Cap and Potential Upside

There is a direct correlation between market capitalization and the potential upside of a crypto investment. This also impacts the risk factor.

For example, consider the two largest cryptocurrencies by market capitalization, Bitcoin and Ethereum. Based on current prices, these projects have a market capitalization of $1.2 trillion and $368 billion, respectively.

On the one hand, Bitcoin and Ethereum are considered the ‘safer’ plays; they’re established, have substantial communities, and are less volatile than the broader market. However, due to their behemoth valuations, Bitcoin and Ethereum offer a smaller upside potential.

Cryptocurrencies with a small market capitalization present a contrasting investment thesis. For example, Unibot has a valuation of just $12 million. UniBot could increase by 50x and still only be worth $600 million. However, UniBot’s small market capitalization means that the risks are much higher – even a brief selling period could see its value collapse.

Ultimately, investors should consider how much risk they’re prepared to take when selecting cryptocurrencies with the highest upside. If you want the next 1000x crypto – you should be investing funds you’re prepared to lose. Conversely, if you want to invest with the least amount of risk, then you’ll need to focus on Bitcoin, Ethereum, and other large-caps.

Join Crypto Presales Early

High-risk high-reward crypto projects are often found in presales. These are new crypto launches that sell tokens before they’re listed on exchanges (like a stock IPO but with crypto). The benefit is that presale investors gain exposure to new projects at the lowest valuation possible. This means a discounted cost basis for early backers.

The new tokens are launched on public exchanges after the presale finishes. Some presale projects explode in value after their exchange listing – as only a limited number of tokens are sold. Other presale tokens decline and never recover. This concept will appeal to investors with a high tolerance for risk.

Here’s a recap of the best new cryptocurrency presales available today:

Presale	Niche	Chain	Presale Raise
PlayDoge	Multi-chain P2E meme coin	BNB Chain, Ethereum	$5.5 million+
Crypto All-Stars	Staking for multiple meme coins	Ethereum	$336K

Use DEX Aggregation Tools

Another method is to use decentralized exchange (DEX) aggregation tools. There are several popular platforms, including DexScreener, DexTools, and Bird Eye. These platforms extract pricing data from DEXs across multi-blockchains, such as Solana, Ethereum, and BNB Chain. This enables users to find undervalued tokens based on their preferred parameters.

For example, high-risk high-reward tokens can be filtered by their recent price performance, market capitalization, trading volumes, and time since launch. Most DEX aggregation tools also help with risk management. For instance, you can elect to only view tokens that have had their smart contract audited. You can also skip tokens that haven’t locked their liquidity pool.

Conclusion

High-risk high-reward cryptocurrencies offer an all-or-nothing proposition. Investors will either secure considerable returns or lose money. My overall top pick from this investment space is Pepe Unchained – a new Pepe-themed meme coin built on the Ethereum L2 blockchain.

Pepe Unchained has raised over $8.4 million within a couple of months since the presale launched.

Visit Pepe Unchained

FAQs

Is crypto high-risk high-reward?

Yes, most cryptocurrencies are high-risk – especially those with a small market capitalization and crypto presales. Ultimately, increased risk should mean a greater upside potential, just like any other financial instrument.

What are some high risk high-reward crypto coins to buy?

Pepe Unchained, Crypto All-Stars, Base Dawgz, and PlayDoge are high-risk high-reward cryptocurrencies currently in presale. Other options to consider include UniBot, SushiSwap, and Golem – which already trade on crypto exchanges.

References

1. Today’s Cryptocurrency Prices by Market Cap (CoinMarketCap)
2. Metaverse Real Estate Piles Up Record Sales in Sandbox and Other Virtual Realms (The Wall Street Journal)
3. Cryptoverse: Every Frog Has its Day as Pepe Pops 7,000% (Reuters)
4. Understanding the Risk/Reward Spectrum (PIMCO)