With Bitcoin halving now behind us and one major correction already experienced, where BTC plunged to the $56k area, the cryptocurrency market has since recovered nicely. Bitcoin is now well above $60k, and investors are on the lookout for the top cryptocurrencies to buy and best cryptos to invest in right now.
In bull run, new cryptocurrencies are emerging with innovative ideas, utilities, and potential for growth. While Bitcoin and other well-established cryptocurrencies like Ethereum remain solid investment options, many investors are also seeking out promising altcoins with huge potential for returns.
In this article, we'll analyze 7 new cryptocurrencies to invest in based on their fundamentals, utility, plans, market cap, and growth potential.
Milei Moneda (MEDA) - A new meme coin in presale with a unique brand identity blending humor, politics, and blockchain innovation.
Borroe Finance (ROE) - An AI-powered invoice discounting NFT marketplace revolutionizing how businesses access funding.
Rebel Satoshi's RECQ - A utility token powering the Rebel Satoshi ecosystem, with a successful presale performance.
BrickBlock (BB) - A blockchain platform enabling fractional ownership of real estate through NFTs.
Wicrypt (WNT) - A decentralized internet sharing and monetization network rewarding users with WNT tokens.
Ethena (ENA) - A DeFi protocol offering a synthetic dollar (USDe) maintained through crypto asset collateral and futures contracts.
Wrapped Minima (WMINIMA) - A tokenized version of Native Minima coin, increasing liquidity and accessibility on exchanges.
Milei Moneda (MEDA) - best new meme coin to buy now?
The first on our list is Milei Moneda (MEDA), a new meme coin currently in stage 2 of its crypto presale, with 66 million MEDA tokens already sold. The current stage price is $0.0125 USDT, while the next stage price for MEDA is $0.015 USDT. The launch price is set at $0.02 USDT.
Javier Milei is a well-known figure in Argentina, serving as the country's president and renowned for his involvement in politics. His charisma and public presence are leveraged by the Milei Moneda project to attract investors and create a unique brand identity that blends humor, politics, and blockchain innovation.
The project's name is a reference to the President, who is known for his unconventional approach to politics and his advocacy for economic freedom.
The connection between the two "Mileis" lies in the fact that the cryptocurrency project, Milei Moneda, is inspired by the President's economic philosophy and his commitment to promoting economic freedom through blockchain technology.
Milei Moneda is scheduled to officially launch on Uniswap on May 21, 2024. The project's future plans include continued community engagement, governance through voting, and the potential for further growth and development within the DeFi space.
The tokenomics of Milei Moneda are designed to foster decentralization, liquidity, and community growth. 60% of the total token supply is allocated to the public sale, ensuring real decentralization and widespread distribution.
Additionally, 15% of the tokens are dedicated to providing liquidity in pools, enhancing stability and facilitating smooth trading operations. Milei Moneda also prioritizes marketing and community engagement by allocating 15% of the tokens for rewards and promotional activities, aiming to cultivate an active and thriving community.
Furthermore, 5% of the tokens will be burned, reducing the total supply and contributing to sustainable value growth over time. Finally, the project will distribute 5% of the tokens through an airdrop, rewarding early adopters and community members directly.
Second on our list of new cryptos to buy now is Borroe Finance (ROE), a new AI crypto coin currently in presale, with $4.5 million raised and over 110 million ROE tokens sold. Borroe Finance will soon launch on Uniswap and other exchanges, introducing a pioneering Web3 blockchain invoice discounting NFT marketplace.
Borroe Finance revolutionizes how businesses access funding by introducing NFTs to enable more market participants to invest in invoices.
The platform offers features like AI credit ratings, crypto-to-fiat payment solutions, privacy measures, and security compliance to enhance usability and trust within the marketplace. Borroe Finance's innovative approach involves a deflationary token model, low transaction fees, high scalability, and AI risk assessment to provide an attractive investment opportunity for users.
The platform's token sale supports the development of an AI-powered funding system, marketing efforts, technology development, legal expenses, and partnerships, ensuring a sustainable and reputable marketplace for all participants.
By leveraging AI, blockchain technology, and efficient payment solutions, Borroe Finance empowers content creators and Web3 businesses with instant funding, aligning with the principles of Web3 and offering a low-risk investment model for long-term growth.
Borroe Finance's tokenomics are designed to incentivize participation and foster a thriving ecosystem. 50% of the tokens are allocated for the public sale, with a linear vesting period of three months following the Token Generation Event (TGE). 10% of the tokens are dedicated to the liquidity pool, ensuring ample liquidity and smooth trading operations. Additionally, 10% of the tokens are reserved for exchange listings, facilitating broader accessibility and exposure.
Furthermore, 10% of the tokens are allocated for marketing efforts, promoting the platform and attracting new users. The treasury receives 10% of the tokens, providing a reserve for future development and growth initiatives.
The team responsible for building and managing the platform receives 5% of the tokens, which are locked for 24 months to align incentives. Finally, 2.5% of the tokens are allocated for rewards, incentivizing community participation, and 2.5% are reserved for partners, fostering strategic collaborations within the ecosystem.
Rebel Satoshi's RECQ is another presale meme coin project, with over 420 million RECQ tokens sold so far in stage 1. This is Rebel Satoshi's second coin after the successful presale and launch of RBLZ on Uniswap.
RECQ is the utility token that powers the Rebel Satoshi ecosystem, serving as the primary medium of exchange for transactions, purchases, fees, and rewards across the platform's various offerings. The token unlocks a range of utility features for users, including staking, governance participation, yield farming, and access to exclusive services or products.
With a large supply, RECQ tokens ensure availability and liquidity for arcade and in-game transactions, ecosystem purchases, rewards, and incentives. While RECQ functions as the everyday utility token, the RBLZ token serves as the platform's governance token, representing the community's rebellion against centralization.
The RECQ presale has seen strong performance, with the token price surging 85% from the Early Bird round to the current Stage 1 price of $0.0037. This has generated significant interest from investors, who are anticipating a potential 237% return by the time of the token's launch at $0.0125.
Rebel Satoshi's dual-token economy, combining the utility of RECQ and the governance capabilities of RBLZ, aims to create a decentralized and community-driven ecosystem that challenges traditional centralized models.
BrickBlock (BB)
BrickBlock is a new crypto project with a current market cap of just around $16 million and is part of the growing real-world asset (RWA) crypto sector.
BrickBlock is a blockchain-based platform that aims to revolutionize real estate investment by enabling fractional ownership of properties through non-fungible tokens (NFTs). The key feature of BrickBlock is fractional ownership, which allows individuals to invest in a portion of a high-value property with a smaller capital outlay, making real estate investment more accessible.
BrickBlock provides transparency by offering clear information about properties, fees, and potential returns, empowering investors to make informed decisions. The tokenization of real estate creates a more liquid form of investment, allowing investors to easily buy and sell their shares. The total supply of BrickBlock's native token, BB, is 100 million.
BrickBlock fosters a community where investors can learn, share insights, and benefit from each other's experiences. Investors can also earn passive income through staking tokens and sharing in property profits.
Currently, BrickBlock is focused on the Dubai real estate market, leveraging blockchain technology to "shatter the high entry costs and limited liquidity that traditionally kept many out of this lucrative market." Investors can purchase BB tokens, which represent fractional ownership in the properties on the BrickBlock platform, allowing them to diversify their portfolios and participate in the real estate market with lower capital requirements.
Next we have Wicrypt, another new crypto project that was launched in 2022 but started to gain attention in 2023. Its current market cap is now below $5 million.
Wicrypt is a decentralized internet sharing and monetization network that enables users to earn money and free WNT tokens by sharing their mobile hotspot with others. The platform allows users to set their own billing rates and receive payments for their data, while also receiving WNT tokens as incentives. This system is designed to empower users with control over their internet data and provide a way to monetize their existing internet connections.
Here's how Wicrypt works: Users create a hotspot zone using a Wicrypt hub (router), which can be connected to the internet via a SIM card or Ethernet cable. They then set their billing rates for data usage using the Wicrypt mobile app. Interested users can connect to the hotspot using the app, a voucher code via email, or a phone number, provided their wallet is funded to stay connected.
The Wicrypt system tracks data consumption and sends notifications when the user's data balance is low. Users are automatically cut off when their money is exhausted. Additionally, users can mine WNT tokens while sharing their internet connection. The more users that connect, the more WNT tokens the user can mine.
Users can stake a minimum of $100 worth of WNT tokens to enable business mode on their device, increasing their earnings by allowing them to share their hotspot with more users and mine more WNT tokens.
The Wicrypt network is governed by the holders of the Wicrypt Network Token (WNT), who stake their assets in the network, earning points that determine their voting power. This voting power determines who can make proposals and vote for or against proposals related to Wicrypt's development. WNT was originally built on the Polygon network, but now operates on Arbitrum network too.
Next, Ethena (ENA), this project was launched on the Ethereum blockchain in April 2024 and has already achieved a market cap of $1.3 billion, making it an interesting project to watch. Ethena is a decentralized finance (DeFi) protocol that offers a synthetic dollar called USDe.
Unlike traditional stablecoins pegged to fiat currencies, USDe uses a complex mechanism involving crypto asset collateral and futures contracts to maintain its peg to the U.S. dollar.
Users deposit crypto assets like staked Ethereum (stETH) into the Ethena system and receive an equivalent amount of USDe tokens in return. Ethena then takes a short perpetual position on a derivatives exchange to hedge the price risk of the deposited collateral.
Ethena uses a delta hedging strategy, going long on the deposited crypto assets and short on futures contracts, to maintain the 1:1 peg of USDe to the U.S. dollar. This approach aims to provide stability and scalability for the synthetic dollar.
The staked crypto assets deposited by users are managed through an "Off Exchange Settlement" system to minimize counterparty risks. The yield generated from staking the assets and the funding/basis spread from the futures contracts is used to provide returns to users, creating an on-chain "Internet Bond".
ENA is Ethena's native governance token that allows holders to participate in protocol decisions, such as risk management, backing compositions, and partnerships. Holding ENA also provides bonus yields in the form of "Ethena Sats". Ethena's innovative approach to maintaining a stable synthetic dollar through crypto asset collateral and futures contracts has garnered attention in the DeFi space, contributing to its impressive market cap growth since its launch.
And the final project on our list of top new cryptos to invest in is Wrapped Minima (WMINIMA), a project launched last year, with a current market cap of $25 million. WMINIMA serves as a tokenized version of the Native Minima coin, allowing it to be traded on various exchanges. It is an ERC-20 token that enables users to engage in secure and private transactions.
Wrapped Minima operates on the Ethereum blockchain, which is a different blockchain from the Minima network. Minima is a layer 1 blockchain designed to be accessible on mobile and IoT devices, allowing users to run full nodes. It operates on a blockchain network, ensuring the integrity of transactions through cryptographic techniques and decentralized validation by a network of nodes.
WMINIMA offers features like privacy, security, decentralization, fast processing, and low transaction costs. Users can buy, sell, and exchange WMINIMA for Native Minima within the Minima ecosystem. The token's utility includes being a store of value, facilitating value transfer, tokenization, MiniDapp usage, and more.
WMINIMA is particularly useful for private financial transactions, cross-border remittances, e-commerce payments, and diversifying cryptocurrency portfolios. By leveraging blockchain technology, WMINIMA enhances security, privacy, and decentralization in the digital currency space.
The total supply of Wrapped Minima is 125,000,000 coins, which is 12.5% of the total Native Minima supply. This allows for a portion of the Minima network's tokens to be traded on exchanges, increasing liquidity and accessibility for investors and users.
As the crypto market prepares for the next leg up in this bull run and new projects emerge, investors are constantly seeking opportunities to diversify their portfolios and potentially capitalize on the next big thing.
The altcoins discussed in this article represent some of the best new cryptos to invest in right now, offering unique value propositions, innovative technologies, and promising growth prospects.
From meme coins like Milei Moneda (MEDA) and Rebel Satoshi's RECQ to DeFi protocols like Ethena (ENA) and real-world asset tokenization platforms like BrickBlock (BB), these projects showcase the versatility and creativity within the crypto space.
Additionally, projects like Wicrypt (WNT) and Wrapped Minima (WMINIMA) demonstrate the potential for blockchain technology to disrupt traditional industries and facilitate secure, decentralized transactions.
By staying informed and diversifying your portfolio, you may be able to capitalize on the best cryptocurrencies to buy right now and position yourself for potential long-term growth.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.