Top 20 new crypto currency to Invest in 2024

Many market commentators believe that Decentraland is the best cryptocurrency to invest in 2024 for exposure to the metaverse. Decentraland is a blockchain-based virtual world where users can create avatars and purchase land.

5. Binance Coin - Digital Asset Backed by Largest Cryptocurrency Exchange

Binance is a global cryptocurrency exchange with more than 100 million traders on its books. Its native currency - the Binance Coin (BNB), is now the third-largest when factoring in its $80+ billion market capitalization.

Since Binance Coin was launched, growth of over 10,000% has been returned. And as such, a mere investment of $1,000 back in 2017 would now be worth more than $100,000. The original use case for BNB was to allow Binance traders to reduce their commission.

Since then, a multitude of new use cases has been introduced. For instance, there are thousands of tokens listed on the Binance Smart Chain. And, to buy or sell any of these tokens - the user must pay for their transaction fees in BNB.It’s one of the best alternatives to buying bitcoin.

6. Shiba Inu - One of the Best-Performing Cryptocurrencies of the Year

Launched in August 2020, the rise of Shiba Inu in such a short period of time is nothing short of uncanny. According to Coinmarketcap, this digital currency was priced at $0.000000000078 at the turn of 2021.

Fast forward to November 2021 and the same digital currency hit highs of $0.0000312. This means that in less than 12 months of trading, Shiba Inu generated gains of nearly 40 million%.

7. Stellar (XLM) – New Crypto Coin with Fascinating Use Case

If you're looking for which cryptocurrency to buy with a great use case, then Stellar is worth considering. Stellar is a distributed payments network operated through Stellar Lumens (XLM), the network's native crypto. 

The network allows fast payments to be sent anywhere globally with low fees – regardless of the currency. Ultimately, this improves the traditional banking system significantly, making Stellar one of the best altcoins this year.

8. Maker (MKR) – Exciting New Crypto with DeFi Exposure

Maker is the native token of MakerDAO, a decentralized lending platform built on the Ethereum network. Users can lock up ETH in the protocol and create 'DAI', a stablecoin pegged to the dollar. 

Essentially this allows users to receive crypto loans and generate yields without the need for invasive KYC checks.

Verasity is one of the new crypto currency , that is also the next generation of video-sharing aimed at creating a fair system for creators to earn from their work, and advisors to gain value for their ad spend. 

The system achieves this through its proof-of-value (PoV) protocol, its product layers, and its professional game streaming platform which features e-sports tournaments like PUBG Mobile.

10. Cardano (ADA) – Great Crypto Project with Expert Development Team 

Cardano is another cheap cryptocurrency to buy if you’re looking for an alternative to Ethereum, as this blockchain platform employs a Proof-of-Stake (PoS) algorithm to achieve consensus.

This makes it a more scalable network compared to Proof-of-Work (PoW) chains whilst also being greener in the process.

11. Cosmososmos - Most Promising Cryptocurrency to Buy Right Now

Cosmos is working to become the go-to provider of blockchain interoperability services - so this digital asset could be the most promising cryptocurrency to buy right now. In its most basic form, interoperability allows two or more blockchains to collect and share data with one another.

For example, data from Ethereum could be shared with the Dogecoin blockchain in real-time. As of writing, 25+ blockchain networks are already using the interoperability capabilities that Cosmos offers - and more are expected throughout 2024.

12. Terra - Has a Habit of Outperforming Bear Markets

When thinking about the best new crypto currency to buy in 2024 - it is important to consider a number of projects that offer a safeguard against bearish markets.

After all, when Bitcoin is down, this typically brings the border markets down with it. With that said, a number of digital assets have a habit of outperforming bearish markets - one of which is Terra and its underlying LUNA token.

13. Curve (CRV) – Cheap Cryptocurrency to Buy for Stablecoin Trading

, Curve is the second-largest DeFi project with over $14.4bn in value. Through the use of liquidity pools, Curve allows anyone to lend coins and generate high rewards relative to traditional asset classes.

14. Uniswap (UNI) – Huge DEX with Great Price Prospects 

Another option for which cryptocurrency to buy in the DeFi space is Uniswap. Uniswap is a decentralized exchange (DEX) hosted on the Ethereum network and allows users to exchange crypto tokens easily. As it is decentralised, there is no requirement for users to provide personal details.

15. Brave

Even though Brave is quite well-known for being an open-source browser developed by the Mozilla co-founders, it is making huge strides in the crypto space. For crypto fanatics, Brave features an open-source, decentralized ad exchange platform based on Ethereum called the “Basic Attention Token”.

16. Axie Infinity (AXIE) – Innovative Blockchain Gaming Project

Axie Infinity is another blockchain-based game that enables users to create in-game characters and complete quests. Users have pets called ‘Axies’ that can be customised and then monetised through the Axie Infinity Marketplace since they are structured as NFTs.

17. Polygon (MATIC) – New Cryptocurrency to Buy 2024 with Huge Scalability

Polygon is a highly-scalable blockchain platform that acts as a Layer-2 solution for the Ethereum network. As such, developers can build their apps on Polygon or even port over apps from the Ethereum network to benefit from faster speeds and lower fees.

18. Enjin (ENJ) – Best Crypto-Related to NFTs

Enjin is an Ethereum-based cryptocurrency used to power an ecosystem of NFTs. The exciting thing about Enjin is that the coin can be used in various blockchain games to buy and sell items.

Furthermore, items denoted in ENJ can be used across multiple games, offering interoperability between different developers.

19. Power Ledger

PowerLedger is a technology company that builds software for distributed and decentralized energy markets for a sustainable future. 

It has developed a blockchain-based platform that enabled the tracking and trading of energy, flexible services, and environmental commodities. 

Its goal is to provide the platform for a fully modernized, market-driven grid, offering customers a choice of their energy while driving the democratization of power.

20. Ripple (XRP) – Top Crypto Project with Large Ambitions

Ripple is the company behind RippleNet, a lightning-fast payments network that looks to improve traditional financial systems. Using RippleNet, users can send cross-border payments instantly – and with negligible fees.

21. Stellar (XLM) – Exciting new crypto currency Payments Network

Stellar is an open-source protocol that enables low-cost transfers around the world. The great thing about Stellar is that it acts as an ‘intermediary’, allowing users to swap any two FIAT currencies quickly and easily.

How to Find the Best new crypto currency to Buy in 2024 ?

We mentioned earlier that as per Coinmarketcap, there are almost 16,000 digital tokens now in circulation.

And as such, this means that the digital currency landscape has since become super overcrowded.

As an investor looking to make above-average gains, this makes it even more challenging to find the best new crypto currency to buy. Although we have already discussed the five best projects currently .