Top Cryptocurrency Tokens to Watch in 2024

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(Generated by Leonardo.ai)

Greetings!

Undoubtedly, each crypto bull market possesses distinctive narratives and prominent tokens that capture the focus of investors and institutional traders.

In 2017, for instance, crypto payment tokens like Litecoin, Ripple, Bitcoin Cash, and Monero took center stage. However, come 2021, DeFi, Layer 2 Scaling Solutions, Gaming, and Metaverse projects demonstrated outstanding performance. Hence, cryptocurrency tokens such as Solana, Polygon, Axie Infinity, and others led the 2021 bull market.

So, what lies ahead in 2024? Which narratives and tokens will shape the cryptocurrency future?

This article introduces low-cap altcoins that could potentially outperform older cryptocurrencies in this bull market. These new altcoins score high in community support, technology grade, fundamentals, and ecosystem performance.

If you're eager to explore these new cryptocurrencies on my list and understand how to invest in them, keep reading to uncover the secrets shared in the concluding parts of this article.

For those in a hurry, examples of these new low-cap altcoins include Suipid, Neon EVM, Big Time, and two others. These altcoins, often termed as the "new cats" in the crypto market, are poised to challenge established cryptocurrencies for dominance. Hence, they are essential additions to your watchlist for maximizing profits in this bull market.

Firstly, why did I choose these tokens?

During the 2019–2020 bear market, savvy investors who identified innovative and promising cryptocurrency projects took calculated risks and invested in them. SOL, MATIC, FTM, EGLD, AXS, and AVAX are examples of altcoins that delivered remarkable gains for early investors.

For instance, Solana achieved over 9760% from December 2020 to November 2021. If you invested $10,000 in Solana in December 2020 and sold at the peak when it closed the 3-day candle below the 20-EMA (average $200), your $10,000 could've turned into over $750,000.

In this bull market, newer altcoins with low market caps, extensive communities, strong fundamentals, high technology grades, and high-performance ecosystems may challenge the best-performing altcoins of 2021. Investing in these new altcoins could enhance your chances of financial gain if the crypto market remains bullish.

However, distinguishing between trading and investing is crucial to safeguard your cryptocurrencies and avoid premature selling.

Personally, I invest in low-cap altcoins and hold them for a specific period, depending on market conditions. I refrain from trading in and out of positions, especially for coins purchased at the bear market's bottom. Thus, if you seek quick profits, this article may not align with your objectives.

Keep in mind that as investors in the cryptocurrency market, we don't anticipate immediate rewards upon investment. Therefore, patience is key, and storing tokens in a private crypto wallet minimizes the impact of price fluctuations. Towards the article's conclusion, I disclose signs to watch for before selling your cryptocurrencies.

Now, let's delve into the fundamentals behind these tokens.

New Cryptocurrency Tokens to Invest in 2024

Suipad (SUIP)
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Suipad is a premier launchpad for innovative blockchain startups on the Sui network, boasting a market cap of about $3.7 million. This low-cap project could potentially yield over 50x returns if it reaches a $200 million market cap before the bull market's end.

Imagine the possibilities if SUIP reaches a billion-dollar market cap. It's not coincidental that it occupies the number one spot on my list. Check it out on the CoinMarketCap website.

SEI Network (SEI)

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Sei Network, launched in August 2023, has strong bullish narratives that could surpass most old altcoins of the 2021 bull market. With over 9816.92% profits for early investors and a current market cap of about two billion dollars, it has garnered support from many crypto influencers who previously promoted SOL, FTM, LUNA, and MATIC. Consider investing in SEI when it retraces or pulls back towards the 200-day EMA support levels.

Neon EVM (NEON)
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Neon is a smart contract built on the Solana blockchain, gaining popularity in the cryptocurrency community. While NEON recently experienced a price surge, its retracement to support levels presents an entry opportunity. With a market cap of just over $87 million, it could potentially reach a market cap of over two billion dollars in the next few months.

XAI Network (XAI)
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XAI Network is a gaming platform enabling node operators to run nodes and get rewarded, allowing traditional gamers to trade in-game items without crypto wallets. With a market cap of around $288 million, compared to other top gaming projects, XAI Network has the potential for massive returns in this bull market.

Bigtime (BIGTIME)
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BIGTIME is a cryptocurrency-based gaming platform combining a fast-combat system with an open game economy. Offering the potential for over 10x returns in this bull cycle, it currently has a market cap of over $150 million. If it reaches a five billion market cap before the bull market's end, substantial gains are possible.

Please note that these cryptocurrency projects listed are susceptible to significant pullbacks if Bitcoin drops below $40,000. Conduct thorough research and invest wisely.

My strategy for investing in new altcoins

Examining the recent performance of these new crypto projects, it's evident that they are nearing their all-time highs since launch. Finding suitable entry points is challenging, as they continue to surge even during Bitcoin consolidations.

My strategy involves patiently waiting for pullbacks or retracements to secure multiple entries using the dollar-cost averaging method, reducing the cost per unit for each coin.

On a positive note, comparing the current market caps of these new altcoins to those of Solana, Fantom, Avalanche, and Polygon in 2021 reveals favorable buy zones, despite being near all-time highs.

However, investing in unproven cryptocurrency projects carries risk, and the possibility of losing capital is high. Therefore, only invest what you can afford to lose.

My Secret Strategy

If interested in investing in the innovative altcoins on my list, consider this strategy:

1. Sell a portion of your cryptocurrency portfolio and take out your capital when it brings 5–10x profits.
2. Sell a part of the cryptocurrency pair when it breaks and closes below the 20-day EMA, taking profits into stablecoins.
3. Let the remaining portion run risk-free, as you've already recovered your capital. If it goes to zero, no loss is incurred. If it brings a million-dollar return, congratulations. This is my new approach for trading low-cap altcoins in 2024.

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Thank you for reading!


Signed: SterlingETH