14 Cryptos With the Most Potential in 2024

Looking for cryptocurrencies with the greatest price potential, but not sure where to start? In this guide, I explore 14 cryptos with the most potential in 2024.

Read on to discover undervalued cryptocurrencies before they explode. I cover a wide range of projects; each with a unique investment thesis.

Here are our Picks for the Cryptos with the Most Potential in 2024

The Highest Potential Cryptos to Buy

Consider the 14 projects below when exploring cryptos with the most potential:

My Analysis of the Cryptos With the Highest Potential

I’ve analyzed a broad range of crypto investments, focusing on tokens with undervalued price metrics. I’ve included a mix of presale projects, large caps, and everything in between.

Read on to discover the highest potential crypto projects for this year.

1. Pepe Unchained – Ethereum L2 Meme Coin With the Highest Growth Potential

We have picked Pepe Unchained ($PEPU) as the crypto offering the highest growth potential in 2024. While many Pepe-themed meme coins may appear to be utility-less tokens, Pepe Unchained stands out due to its robust network capabilities and staking rewards. 

Firstly, this Pepe the Frog-themed meme coin is built on Ethereum’s layer-two (L2) blockchain – which is highly scalable and efficient. The L2 blockchain offloads transactions from the main chain, making the network faster for processing transactions. 

Furthermore, Pepe Unchained charges lower gas fees from $PEPU token holders and promises huge staking rewards. A top platform for earning passive income, Pepe Unchained offers an APY (Annual percentage yield) of up to 231% – with over 690 million tokens already staked. 

These use cases have allowed for a successful presale campaign – raising more than $8.4 million in just a few months. $PEPU has a total supply of 8 billion tokens – from which 1.6 billion are being offered across the presale. 

Interested investors can buy $PEPU for only $0.0090178 per token. To learn more about the project, go through the Pepe Unchained whitepaper and join the Telegram channel. 

Visit Pepe Unchained

2. Crypto All-Stars – Stake the World’s Best Meme Coins Under One Roof

Crypto All-Stars ($STARS) offers huge growth potential as it allows investors to stake some of the world’s best meme coins on its ecosystem. This exciting meme project has dubbed itself as the ‘Meme coin event of the century.’

At the center of the Crypto All-Stars ecosystem is the ‘MemeVault’ – the staking mechanism through which meme coins can be staked. Meme coin fanatics will be excited to learn that Crypto All-Stars can be used to stake popular tokens such as Dogecoin, Pepe, Shiba Inu, Floki Inu, and many such names. 

All the staking rewards will be paid out in $STARS, the native token. What’s more is that existing holders of the $STARS token can earn up to a 3x increase on the standard APY being offered on the MemeVault. 

$STARS can also be directly staked on the staking mechanism to generate an annual yield of up to 5,466%. Over 136 million tokens are already staked on Crypto All-Stars. Currently, the Crypto All-Stars presale has raised over $336K in a few days. 

Stay tuned for further updates by reading the Crypto All-Stars whitepaper and joining the Telegram channel. 

Visit Crypto All-Stars

3. Base Dawgz – Multi-Chain Meme Token, Get 876% Staking APY

Another high potential meme coin to invest in 2024 is Base Dawgz ($DAWGZ). We like the sound of this token as it offers multi-chain compatibility and high staking returns.

This doge-themed meme coin is built on Base – one of the top blockchains in the world. However, by using Wormhole and Portal Bridge technology, Base Dawgz is also compatible with the Ethereum, Solana, Avalanche, and Binance chains. 

Thus, token holders can access greater scalability and lower gas fees. This high potential token has already raised over $2.9 million within a few months of the presale launch. From a total supply of 8.453 billion tokens, 20% will be distributed through the presale. 

Token holders can also earn an annual staking yield of up to 876% by staking $DAWGZ on smart contracts. In the long-term, 20% of the supply will be distributed through the staking mechanism. 

Currently, $DAWGZ is priced at just $0.007414 per token. For all these reasons, Base Dawgz is a high-potential token in 2024. Read the Base Dawgz whitepaper and join the Telegram channel for more information. 

Visit Base Dawgz

4. PlayDoge (PLAY) – Play-to-Earn Meme Coin Has Raised $6M on Presale

PlayDoge is a groundbreaking project that blends the cult Doge meme with a play-to-earn (P2E) mobile game, allowing users to care for a Tamagotchi-like virtual pet and earn $PLAY tokens. 

As the global video game market is projected to reach $665 billion by 2033, and the P2E gaming category on CoinMarketCap now boasts a market cap exceeding $13 billion, PlayDoge is well-positioned to capitalize on these trends.

In its presale, PlayDoge has raised over $6 million, benefiting from the recent bullish trends where Floki surged by 50% and Dogecoin by 15% over the last 30 days. The project aims for similar success this summer, with plans to launch on exchanges like Binance soon.

Operating on the BNB Smart Chain, the total supply of PlayDoge tokens stands at 9.4 billion, with the vast majority (50%) being used for its presale.

PLAY stakers can earn rewards of up to 77% APY on ETH, and 69% APY on BNB, with over 500 million tokens staked in just a few months. Monitor PlayDoge’s progress and join the community on X (Twitter) and Telegram to stay updated on this promising cryptocurrency.

Visit PlayDoge

5. The Meme Games – Hot new Olympic-themed Coin with Popular Meme Characters

Another crypto with high upside potential is The Meme Games ($MGMES). It’s a hot new meme coin based on the 2024 Summer Olympics and has a unique way of rewarding early investors.

When people buy $MGMES tokens, they can choose a meme figure to race in a 169-meter dash. They can choose from famous characters like DogWifHat, Pepe, Doge, Brett, or Turbo.

Every character has the same chance to win in this race. If your chosen athlete wins this race, you get a 25% bonus. Investors buy more $MGMES tokens multiple times and try their luck with a different character each time. At press time, early investors can buy the tokens for just $0.0092 each.

During the presale, tokens can also be staked to earn a high APY of over 571% at the time of writing. This will drop as more tokens are staked. The presale will last until September, when the 2024 Paralympic Games end. Please note that staked tokens will have a seven-day vesting time after the presale. If you choose not to stake—tokens can be claimed immediately after the presale.

After witnessing high investor interest, the platform raised over $362K in less than a few weeks of launch. Check out The Meme Games whitepaper for more information, and stay updated on their latest news on X and Telegram.

Visit The Meme Games

6. ShibaShootout – Multi-Use Case Shiba-Themed Meme Coin

ShibaShootout ($SHIBASHOOT) is a high potential investment opportunity – offering voting rights, staking yield, and lottery prizes to token holders. 

A top platform for earning several rewards, ShibaShootout puts the community first. $SHIBASHOOT token holders can join the ‘token governance roundups’ organization and access voting rights to dictate the future of the platform. 

To earn passive income, users can leverage their tokens to enter into live lotteries. A percentage of the lottery collections will be donated to charitable organizations. Another use case is the ‘Cactus Staking’ mode – through which $SHIBASHOOT can be staked to earn an APY of more than 1,000%. 

Through the ‘Campfire Stories’ mode, users can also share their meme coin experiences and journeys in a storytelling format. The best storytellers can win $SHIBASHOOT tokens. At the time of writing, $SHIBASHOOT is priced at $0.0198 per token on presale. 

Within a few months, ShibaShootout has raised over $930K. To learn more about this meme coin, read the ShibaShootout whitepaper and join the Telegram channel.

Visit Shiba Shootout

7. Mega Dice Token – Hot New GambleFi Token with High Staking Rewards

Another crypto showing high upside potential is Mega Dice Token ($DICE). It’s currently getting a lot of attention in the world of online gambling and finance. It’s native to the Mega Dice Casino, which has over 50,000 players and handles more than $50 million in bets each month. Right now, you can buy $DICE tokens for $0.105266 each in their presale. If you own $DICE, you get benefits like:

• Cashback rewards
• Exclusive NFTs
• A share of the casino’s daily earnings
• Access to exclusive events and games
• A chance to enter a $2.25 million airdrop

They’ve already raised over $1.6 million, showing high investor trust. Early buyers have a chance to grab 35% of the total supply of 420 million tokens in the presale phase.

You can also earn referral rewards by inviting friends. If your friends invest, you get 10% of what they invest. $DICE looks quite promising because it’s used in a well-established casino, and online gambling is becoming more popular. Mega Dice is safe to use, works well on phones, and has an active community on Telegram. For updates, you can also follow them on X (Twitter).

Visit Mega Dice Token

8. Solana – Undervalued Web 3 Infrastructure With High Scalability and Low Fees    

Solana is also a cryptocurrency with the highest potential. Launched in 2020, Solana has developed blockchain infrastructure for the Web 3 era. Solana’s native language, Rust, enables developers to build decentralized applications. These are backed by smart contract technology. Although Ethereum currently dominates this space, Solana offers a solid alternative.

One of the key benefits of Solana is low fees; transactions average just $0.00064. Ethereum transactions typically cost several dollars, which makes the network unviable for many developers. What’s more, Solana can handle up to 65,000 transactions per second. Ethereum is stuck at about 12, which is why the network is increasingly relying on layer 2 solutions.

Solana is currently valued at about $70 billion. While this means Solana is unlikely to be the next 100x project, it still has huge price potential. In the past year alone, Solana has increased by almost 590%. Solana has entered a market correction and now trades over 40% below all-time highs.

Buy Solana 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. Storj – Top-Rated DePIN Project Offering Decentralized and Secure Cloud Storage Services    

Storj is a cryptocurrency with the most potential in the DePIN space. It has developed a blockchain-based ecosystem for decentralized and secure cloud storage. Unlike iCloud, Google Drive, and other market leaders, Storj doesn’t have a single point of failure. This is because cloud servers are hosted by independent, distributed nodes.

As such, Storj ensures that data never gets into the wrong hands. Storj has also created an incentivization model. Anyone contributing spare computing resources earns STORJ tokens. This ensures the Storj ecosystem has sufficient cloud space to meet client demand. Conversely, STORJ tokens are needed when renting cloud services.

Although Filecoin is the market leader in this niche, Storj’s modest valuation means the potential is much higher. Storj has a market capitalization of just $230 million, compared to Filecoin’s $3.5 billion. Storj’s value has increased by over 63% in the past year. However, it trades 85% below all-time highs, which were hit in March 2021.

Buy Storj 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. 

10. Render – Leading AI Crypto Project With 385% Gains in the Past 12 Months

Render is a high-growth project from the AI crypto space. It serves high-end content creators – such as movie studios and 3D artists, who require GPU computing power. Render connects creators with GPU providers via a decentralized, peer-to-peer model. Anyone can contribute spare GPU space to the Render network.

Those doing so will be rewarded with RNDR tokens. Render leverages AI to optimize GPU distribution, ensuring end users only pay for what they need. Render was launched in 2020, with RNDR initially trading at $0.05575. The project has enjoyed strong price momentum ever since.

According to CoinMarketCap data, Render has increased by over 25,000% since inception. In the prior 12 months, Render’s value has risen by 385%. Render’s market capitalization is approaching $4 billion, which could be too high for some investors. However, AI is a huge growth market and one of the hottest crypto trends, so the upside potential is still attractive.

Buy Render 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. 

11. Toncoin – Proprietary Layer 1 Network for the Telegram App With Access to 900 Million Users

Toncoin is another top-rated crypto project with huge growth potential. It backs The Open Network (TON), a proprietary layer 1 blockchain originally designed by Telegram. Although Telegram no longer runs the project, Toncoin is effectively the app’s ‘official’ crypto. This means Toncoin has access to over 900 million active users.

For instance, content creators engaging with the Telegram app receive payments in Toncoin. In addition, Telegram users automatically receive a Toncoin wallet. This comes with an easy-to-remember username rather than a complicated wallet address. This means beginners can easily send and receive Toncoin without leaving Telegram.

Toncoin also offers an anonymous eSim. This enables Telegram users to make calls and send text messages in complete privacy. In terms of performance, Toncoin has increased by 176% in the past 12 months. With over $20 billion in market capitalization, Toncoin is now a top-10 crypto. Today, Toncoin trades 25% below all-time highs.

Buy Toncoin on MEXC

12. Arbitrum – Layer 2 Solutions for the Ethereum Ecosystem With Almost 290 Bridged Projects

Layer 2 solutions like Arbitrum should also be considered when exploring cryptos with the most potential. Arbitrum solves a major issue in the Ethereum ecosystem; performance. ERC-20 projects currently experience network overload, meaning high fees and an inability to scale.

This often makes ERC-20 platforms unviable, considering the number of required smart contract transactions. Arbitrum’s solution takes Ethereum-based transactions off-chain. This increases scalability to thousands of transactions per second. This is huge when compared to the Ethereum mainnet, which is capped at about 12 transactions per second.

Moreover, Arbitrum transactions cost a small fraction of what the Ethereum network charges, making its layer 2 solution cost-effective. Almost 290 projects have bridged to Arbitrum, including Curve, Uniswap, Tether, Maker, and Chainlink. Arbitrum’s native token, ARB, is down 15% in the prior year. Its market capitalization is just $2.8 billion.

Buy Arbitrum 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. 

13. Bitcoin – The World’s De Facto Crypto With Uncapped Potential in the Coming Years

Long-term investors will view Bitcoin as the best crypto with the most potential. While it’s already a trillion-dollar project, Bitcoin’s long-term growth trajectory is uncapped. It’s the most important crypto in the blockchain ecosystem; its value determines how the broader market performs. Crucially, Bitcoin recently completed its fourth halving event.

This is a key moment in the Bitcoin timeline, as halving events have historically been the catalyst for the for next bull run. For instance, Bitcoin was priced at about $9,700 when it halved in 2020. Almost 18 months later Bitcoin hit a then all-time high of over $68,000. This time around, many analysts believe that Bitcoin will smash past the $100,000 level.

In addition, Bitcoin now has exposure to the institutional markets, with multiple Bitcoin ETFs approved earlier in 2024. This will increase capital inflows into the market, taking Bitcoin to new heights. Today, Bitcoin trades about 15% below all-time highs, so there’s an opportunity to secure a discounted entry price.

Buy Bitcoin 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. 

14. Uniswap – Invest in the Leading Decentralized Exchange for ERC-20 Token Swaps

Last is Uniswap, the world’s most popular decentralized exchange. Uniswap enables users to buy and sell ERC-20 tokens without opening an account. It leverages automated market makers and liquidity pools, meaning that token swaps don’t require two parties. Instead, the user connects a wallet, chooses which tokens to swap, and the trade is completed in seconds.

Although Uniswap operates a decentralized model, it makes money from trading fees. Each token swap attracts a 0.3% commission, which is funneled back into the Uniswap ecosystem. Considering decentralized finance, or DeFi, is expected to play a major role in Web 3, Uniswap has unprecedented growth potential.

Moreover, Uniswap has developed cross-chain functionality, meaning its exchange is no longer limited to ERC-20 tokens. On the contrary, it now supports Base, Polygon, BNB Chain, Avalanche, and other popular networks. Uniswap’s native token, UNI, has a market capitalization of $4.5 billion, which could be undervalued.

Buy Uniswap 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. 

How to Find the Highest Potential Cryptocurrency

I’ve discussed the best cryptos to buy for high-growth potential, but these are my subjective views. The best strategy is to discover your own crypto gems based on independent research.

After all, there are thousands of cryptocurrencies in the market, so it’s important to select projects that align with your goals and risk tolerance. Here’s what to consider when choosing the best crypto with the most potential.

Market Valuation and Risk

A good starting point is to assess the market capitalization. This will directly impact the risk factor and potential returns. But first, it’s important to understand two different market capitalization figures you’ll come across on CoinMarketCap:

• Market Capitalization: CoinMarketCap focuses on ‘market capitalization’, which takes into account the total number of tokens in circulation. This is then multiplied by the current market price.
• Fully Diluted Market Capitalization: The ‘fully diluted’ market capitalization uses the total supply, which includes tokens that aren’t currently circulating. This could be because a percentage of tokens are held by the respective project.

So which figure should you use? I’d suggest assessing both market capitalizations when searching for a crypto with the highest growth potential.

• For instance, suppose the project has a market capitalization of $100 million. This offers an attractive valuation for growth investors.
• However, only 10% of the supply is circulating, meaning the fully diluted market capitalization is $1 billion.
• This changes the investment landscape, as 90% of the supply could enter the market at any time.
• As an investor, you need to research who holds the outstanding tokens, when they’ll enter the market, and what risks this presents.

Once you’ve assessed the market capitalization, you can then evaluate the upside potential. For instance, the presale projects discussed today, such as Pepe Unchained and Base Dawgz, have a micro-cap valuation. This means the growth potential could be huge.

In contrast, Bitcoin and Solana have substantial valuations. While there’s still solid growth potential, the upside will likely be more conservative.

However, don’t forget about the risk-reward spectrum. Increased profit potential means more risk needs to be taken. Therefore, consider the added risks of investing in micro or small-cap projects.

Presale Campaigns

Taking a closer look at presales, these are often the best way to find undervalued projects. You’ll be investing in a brand-new crypto before it lists on exchanges. The project will likely have no track record in its respective niche, similar to investing in a traditional startup. This means the risks are high, but so is the price potential.

For example, consider that in 2020, Solana’s presale sold SOL for just $0.22. Those investing in the Solana presale took a huge risk, but were rewarded once the project took off. Solana hit an all-time high of over $260 in 2021, an increase of over 118,000% from presale prices.

One of the best crypto presales to explore is Pepe Unchained, which has raised over $7.2 million. Another presale to check out is Base Dawgz, which has raised $2.7M on presale.

Social Media Metrics

Billions of people use social media every day, so it’s a great way to discover crypto insights and trends. For example, projects with a strong presence on X often do well. Look for projects with a growing number of followers and increased engagement. The more people that view the project’s posts on X the better.

Similarly, check out crypto forums on Reddit. See which projects are trending and assess whether comments are overly positive or negative. Telegram is another option, considering it’s used by millions of crypto investors and traders. Explore popular channels to see which projects are being discussed.

Price Performance

Price performance should also be explored when choosing the best crypto with the most potential. In particular, focus on cryptocurrencies that consistently outperform the broader market.

First, you’ll need a benchmark as your basis. Some investors opt for Bitcoin, while others use the total market capitalization of all cryptocurrencies.

• For instance, TradingView data shows that the broader crypto market has increased by 99% in the past year.
• Therefore, you can explore projects that have made greater gains over the same period.
• Some good examples are Solana and Render, which have produced 1-year growth of 590% and 385%, respectively.
• Similarly, Toncoin’s value has increased by 176% over the same time frame.

Conversely, be cautious with crypto projects that have underperformed the broader markets. This could highlight that investors are losing confidence in the project. Or that the market offers better alternatives.

Trending Narratives

Another way to find a new cryptocurrency with potential is to explore trending narratives. For example, consider the recent meme coin mania. A significant number of meme coins witnessed gains, from Pepe and dogwifhat to Floki, Bonk, and Brett. As such, it would have made sense to increase exposure to meme coins during this period.

Another recent narrative is AI, with many projects in this space outperforming the broader markets over the past year. Examples include Render, Fetch.ai, Bittensor, and Ocean Protocol. Ultimately, it’s wise to stay abreast of key narrative trends, allowing you to hone in while the respective market is hot.

Conclusion

In summary, I’ve explored some of the best cryptocurrencies with big potential. Investors seeking the highest growth potential might like Pepe Unchained, a new meme-inspired project that is built on Ethereum’s L2 blockchain.

More than $8.4 million has been raised in a few months of the presale. Furthermore, $PEPU can be staked to generate a high annual yield.

Visit Pepe Unchained

FAQs

Which crypto has the most potential?

High-risk investors will find that Pepe Unchained has huge growth potential. This meme-inspired project – which is currently in presale, has already raised over $8.4 million.

Where can I find high-potential crypto coins?

Extensive research is needed when searching for cryptos with the most potential. CoinMarketCap is ideal for price data analysis, while X and Telegram are great for discovering undervalued gems. Also explore trending narratives, such as AI, DePIN, or meme coins.

Where to buy penny cryptocurrencies with potential?

New penny cryptocurrencies often trade on decentralized exchanges like Uniswap or Jupiter. Established projects can be found on centralized exchanges like eToro and MEXC.

References

1. The Bitcoin network completes the fourth-ever ‘halving’ of rewards to miners (CNBC)
2. Decentralised Finance: Defining the future of finance (PwC)
3. Understanding the risk/reward spectrum (PIMCO)
4. Memecoin mania drives Solana toward all-time highs (Bloomberg)