I Have Found 5 Crypto Gems That Could Be the Next Solana, Fantom, Avalanche, and Axie in 2024
Hello there!
There is no doubt that every crypto bull market has its own dominant narratives and leading tokens that capture the attention of investors and institutional traders.
For example, in 2017, crypto payment tokens such as Litecoin, Ripple, Bitcoin Cash, and Monero were the stars of the show. However, in 2021, DeFi, Layer 2 Scaling Solutions, Gaming, and Metaverse projects performed exceptionally well. So, cryptocurrency tokens like Solana, Polygon, Axie Infinity, and others led the 2021 bull market.
Now, what about 2024? What are the new narratives and tokens that will shape the future of cryptocurrency?
In this article, I will introduce some low-cap altcoins that have the potential to outperform the older cryptocurrencies in this bull market. These new altcoins have high scores in terms of community support, technology grade, fundamentals, and ecosystem performance.
Therefore, if you are keen to discover these new cryptocurrencies on my list and learn how to invest in them, keep reading so you don’t miss the secrets I revealed in the last parts of this article.
In case you’re in a hurry, some examples of these new low-cap altcoins include Suipid, Neon EVM, Big Time, and two others. Interestingly, these altcoins are the “new cats” in the crypto market, and they are ready to challenge the established cryptocurrencies for dominance. Therefore, they are a must-have on your watch list if you want to maximize profits in this bull market.
First, Why Did I Select These Tokens?
(Image generated with Leonardo.ai)
During the 2019–2020 bear market, smart investors who spotted innovative and promising cryptocurrency projects took calculated risks and invested in them. SOL, MATIC, FTM, EGLD, AXS, and AVAX are some examples of altcoins that brought insane gains for early investors.
For example, Solana did over 9760% from December 2020 to November 2021. That means if you had invested $10,000 in Solana in December 2020 and sold at the top when it closed the 3-day candle below the 20-EMA (average $200), you could’ve turned $10,000 into over $750,000.
In this bull market, newer altcoins with low market caps, huge communities, strong fundamentals, high technology grades, and high-performance ecosystems may challenge the best-performing altcoins of 2021. So, investing in these new altcoins may increase your chances of getting rich if the crypto market remains bullish.
However, you must understand the difference between trading and investing so you can jealously save your cryptocurrencies and avoid selling them too early.
Personally, I invest in low-cap altcoins and hold them for a certain period, depending on the market condition. I have no intention to trade in and out of my positions, especially for coins I bought at the bottom of the bear market. Hence, if you are looking for ways to make quick money, this article may not be for you.
Please understand that as investors in the cryptocurrency market, we don’t expect to reap rewards the same day we make our investments. Therefore, be patient and store your tokens in a private crypto wallet to avoid being bothered by price fluctuations. Towards the last paragraphs, I revealed the signs to watch out for before selling your cryptocurrencies.
Now, let us delve into the fundamentals behind these tokens.
New Cryptocurrency Tokens to Invest in 2024
Suipad (SUIP)
(SUIP-USD chart, Screenshot by author)
Suipad (SUIP): Suipad is a premier launchpad for innovative blockchain startups on the Sui network, with a market cap of about $3.7 million. This low-cap project can potentially yield over 50x returns if it reaches a $200 million market cap before the end of the bull market.
Imagine what happens if SUIP reaches a billion-dollar market cap. It’s not a coincidence that it took the number one spot on my list. So, check it out on the CoinMarketCap website.
SEI Network
(SEI-USD chart, Screenshot by author)
Sei Network (SEI): Sei Network has strong bullish narratives that could make it outperform most old altcoins of the 2021 bull market. Launched in August 2023, this project has generated over 9816.92% profits for early investors and currently has a market cap of about two billion dollars.
Interestingly, many crypto influencers who previously promoted SOL, FTM, LUNA, and MATIC are now endorsing Sei Network. Therefore, investing in SEI when it retraces or pulls back towards the 200-day EMA support levels could be a smart decision.
However, it’s important to take profits whenever SEI breaks below the 20-day EMA and exit your positions before the market makers dump their bags.
You can refer to this article to learn how to use the EMAs
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Neon EVM
(NEON-USD chart, Screenshot by author)
Neon EVM (NEON): Neon is a smart contract built on the Solana blockchain, and it’s quickly gaining popularity in the cryptocurrency community. Recently, NEON experienced a price surge, but it’s now retracing to support levels, which presents an opportunity for entries at support levels before it potentially pumps again.
With a market cap of just over $87 million, it’s safe to say that we’re early to the project compared to Optimism, Arbitrum, and Injective Protocol. NEON has a high-tech grade, a strong community, and compelling narratives, which could potentially lead to a market cap of over two billion dollars in the next few months. So, I have added this token to my watchlist.
XAI Network
(XAI-USD chart, Screenshot by author)
XAI Network (XAI): The XAI Network (XAI) is a gaming platform that allows node operators to run nodes and get rewarded. It also allows traditional gamers to trade valuable in-game items without using crypto wallets.
XAI is a massive gaming infrastructure that currently has a market cap of around $288 million. Compared to other top gaming projects such as Axie Infinity (AXS) and Sandbox (SAND), XAI Network has the potential to yield massive returns in this bull market. Therefore, keep an eye on it and add it to your Gamefi portfolio.
Big Time (BIGTIME)
(BIGTIME-USD chart, Screenshot by author)
Bigtime (BIGTIME): BIGTIME is a cryptocurrency-based gaming platform that combines a fast-combat system with an open game economy. It allows players to generate and exchange game items actively.
Amazingly, BIGTIME can yield over 10x returns for investors in this bull cycle. Currently, it has a market cap of over 150 million dollars, and if it reaches a five billion market cap before the end of the bull market, you will make massive gains.
So, add this token to your watch list and use the DCA (dollar-cost averaging) method to make entries.
Please note that these cryptocurrency projects listed above are susceptible to significant pullbacks if Bitcoin drops below $40,000. Therefore, do your research and invest wisely.