7 Hottest New Cryptocurrencies To Invest In 2024

Investing in cryptocurrencies has become one of the most popular trading options in recent years, and it is not a surprise considering how volatile this market is and how many of these assets has a great potential to become much more valuable over time. This option is offering a large opportunity for investors to make a huge profit under the right circumstances. The benefit is also that many countries are interested to find a way to implement the use of blockchain technology and digital currencies in current monetary systems because it provides users with increased security and faster transactions.

While they have a huge potential and brings many advantages to users, the main focus on people is on investing. If you are interested in becoming an experienced trader on this market, visit southfloridareporter.com. When it comes to the most popular options, the biggest hype is still around Bitcoin, which is breaking new records again by reaching the price of around $38,000 at the beginning of 2024. In case you bought it only a year ago, you should make a six-time more than your starting investment. Besides Bitcoin, there are also some other coins and tokens that remain attractive to investors for a long time, such as Ether, XRP, Litecoin, Monero, and more. All of these digital assets are widely accepted as the standard payment method as well.

Furthermore, another feature related to these attractive options is that they have a more stable price than some cheaper alternatives and big changes are quite rare. On the other side, many people are interested in those alternatives because they have a higher intensity of changing the value. You should know that there are over 2,000 different types of cryptocurrencies on the market today, but most of them don’t have the potential to because valuable as those most attractive options.

Source: CoinMa.com

Still, since the market is rapidly developing, there is always space for some new coins to become competitive on the market, and many investors are interested in finding a new unit that will have a similar path as Bitcoin. Here are some of the most recent cryptocurrencies available on the market that have the potential to become much more valuable in the future.

1. EthArt

We can see that this token is on a constant rise in the recent period. Since it only costs less than $2 per unit, a lot of people would take the risk and invest in it, hoping it might become more expensive. It is using the Ethereum blockchain, which is excellent for security. Also, we can see that it is getting a better position every day, with the current volume of day trading that is still under $1 million. The market cap is over $500 million.

Source: ICO Drops

2. Furucombo

This one is similar to EthArt because it also cost under $2 and has nearly the same day trading volume. The main difference is that it has a limited amount that will be mined in the end, 100 million units. You can trade with it in various online exchanges like MXC, Poloniex, 1inch, and more. The projected market cap is over $150 billion.

3. PegsUSD

This is another token with great potential to become a rival to some of the most attractive options on the market. It shares some of the features with Bitcoin, like a similar limit for mining and the fact that people immediately started investing in it. The current price is around $1, and it has day trades of over $6 million. You can buy it at Uniswap online exhange.

Source: morioh.com

4. PegsShares

This token is also using the blockchain system of Ethereum, which is not a surprise since most altcoins are sharing this network. The value of this token is stable on the market with a price of around $7, but the increased interest of many investors might mean that it could become more expensive soon. The volume of day trading is over $1 million. The advantage of trading with this option is that many exchanges like MXC are offering transactions without any additional fees.

5. Basis Gold Share

This one represents a stable coin that is consisted of three tokens, gold, share, and bond. While the gold token is valued at only $1, the share price is near $700. One of the advantages is that traders could have a huge impact on their price since they can deposit various assets to maintain their value. Also, there is a limited amount of only 1 million units, and many people consider this choice as a great option for the protection of their assets in the future.

Source: Medium

6. pBTC35A

The current price of pBTC35A is around $160, which means that it has a huge rise in value for a short time since it became available in the market three days ago with a starting price of $100. The day trading amount started at over $20 million. This might be an excellent option for mining as well as for day trading because it is using Ether’s platform for improved hash rate.

7. Prosper

Prosper could especially attract day traders because it has an excellent start on the market two days ago with a starting volume of near $4 million and a starting price of $0.37. The current price is around $0,5. Also, the mining process is limited to 100 million units. You can trade with it at Bilaxy, 0x Protocol, Uniswap, and some other online exchanges.

Source: Medium

Last Words

These were some of the most recent cryptocurrencies that became available for trading and which immediately attracted many investors. However, you should avoid investing too much money at the start. The better option is to be more patient and watch their performances a little more. We are aware that most traders are hoping to find a new Bitcoin, and the best way for that is to make smaller investments in various cheap alternatives. On the other hand, investing in attractive options like ETH, BTC, XRP, and others is still a much secure option.