Top 10 Emerging Cryptocurrencies to Buy in 2024

One of the best ways to profit in the crypto market is by investing in the best emerging cryptocurrencies. This can include new projects or cryptocurrencies making waves in their specific industry. However, actually picking out these illusive projects amongst thousands of others can be a rather difficult and time-consuming task.

Throughout this guide, we’ll be taking a detailed look at 10 of the best emerging cryptos on the market, discussing how to find emerging crypto projects and whether they make good investments, as well as providing a guide on how to buy our top pick for the best emerging cryptocurrency.

A Detailed Look at the Top Emerging Cryptos to Buy in 2024

Now that we’ve taken a brief look at some of the best emerging cryptocurrencies on the market, it’s time we delve into more detailed reviews. Each of the projects we featured shows massive potential to shake up its respective sector for the better.

1. Tamadoge – Overall Best Emerging Cryptocurrency

Tamadoge (TAMA) is an emerging crypto project that is set to revolutionize the meme coin sector. Currently, the vast majority of meme coins lack utility. However, Tamadoge aims to change this by creating a play-to-earn game designed to appeal to casual gamers and crypto enthusiasts alike. By taking this approach, Tamadoge could become one of the largest and best crypto games on the market.

The game centers around tokenized 3D-animated Tamadoge pets. Each takes the form of an NFT and will be mintable come Q4 2022. When a player first mints a pet, it will come in its basic form. However, by giving the pet food, toys, and cosmetic items, it can be leveled up, earning the player Dogepoints.

The more points a player earns, the higher they will rank on the Tamadoge leaderboard. The highest ranked players receive the greatest portion of the prize pool, so there’s a constant incentive to play the game and buy items from the Tamadoge store.

Another core aspect of the Tamadoge ecosystem is the project’s Metaverse world dubbed the Tamaverse. Within this expansive world, players can interact with their pets and speak with one another. This helps to create a strong and engaged community.

Later down the line (Q4 2023), a mobile app will be released with augmented reality features designed to allow players to raise their pets on the go and bring them into the real world, making it an exciting new crypto project.

By blending elements from some of the most popular sectors in cryptocurrency (NFTs, the Metaverse, P2E gaming, etc) Tamadoge is likely to appeal to a massive audience, helping to boost demand for the TAMA token. Combine this with a confirmed listing on the LBank exchange and more already in the works, and it’s clear to see why Tamadoge is one of the best emerging cryptocurrencies.

Join the Tamadoge Telegram group today to keep up to date with the project’s latest developments.

2. Battle Infinity – Emerging P2E Gaming Ecosystem

Battle Infinity (IBAT) is an upcoming project creating a P2E gaming ecosystem with DeFi elements and is another of our top picks for the best emerging cryptocurrencies. The project is split into six different platforms each of which serves a specific purpose. As Battle Infinity is packed with utility, breaking the ecosystem into six platforms is the best way to ensure it remains intuitive and easy to use.

The platforms that comprise the Battle Infinity ecosystem are the IBAT Premiere League (a fantasy sports platform), IBAT Battle Games (a collection of player-versus-player P2E games), IBAT Battle Market (an NFT marketplace for creators and in-game items), IBAT Battle Arena (a detailed Metaverse arena with customizable avatars), IBAT Battle Swap (a decentralized exchange and in-game bank) and IBAT Battle Stake (a staking platform for IBAT and other cryptos).

Helping to keep the Battle Infinity ecosystem running smoothly is the $IBAT token. Based on the BEP-20 standard and boasting a fixed supply of 10 billion tokens, IBAT benefits from fast, low-cost, energy-efficient transactions making it perfect for a P2E game.

Battle Infinity has already proven to be one of the best penny cryptos on the market. Just days into the project’s 90-day presale, it sold out reaching its hard cap of 16,500 BNB. However, investors needn’t worry, on August 17, 2022, the project’s IBAT token will be released on the PancakeSwap decentralized exchange (DEX).

To ensure that a budding investor doesn’t miss any important listing updates, it’s advisable to join the Battle Infinity Telegram group (admins will never message you first).

3. Polkadot – Interoperability-Focused Cryptocurrency 

Polkadot (DOT) has grown in popularity significantly recently, even becoming one of the top 10 largest cryptocurrencies in terms of market cap. Boasting a myriad of use cases, a strong community, and an excellent development team, interoperability-focused Polkadot is one of the top emerging cryptocurrencies for 2024.

The main draw to the Polkadot network is its parachain (parallel chain) functionality. This technology allows multiple layer-1 blockchains to run parallel to one another, processing transactions simultaneously.

By taking this approach, Polkadot has drastically improved network scalability, allowing far more transactions to be processed for energy and computational costs. Furthermore, unlike Bitcoin or Ethereum networks, which require a fork to add new updates and functionality, Polkadot can be updated autonomously with community voting on proposals using the DOT token as governance.

With both interoperability and scalability being key areas that crypto networks need to improve before we’re likely to see mainstream adoption, Polkadot seems well positioned to take off when the market picks up once again. With that in mind, it seems safe to say that Polkadot could be one of the best emerging cryptos on the market right now.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. VeChain – Data Management Project with Strategic Partnerships

VeChain (VET) is a layer-1 network with smart contract functionality. The primary goal of the VeChain team is to revolutionize traditional industries using blockchain technology by providing transparent and immutable data. The project has been receiving a lot of attention as it recently partnered with Amazon Web Services (AWS) to develop international carbon management services using blockchain technology.

In the modern world, data is king. Therefore, a project like VeChain, which can improve upon traditional data streams to provide businesses with superior solutions and more accurate information, is likely to perform well.

Emission reduction is another sector that has absolutely exploded in recent years. During the NFT boom of 2021, Ethereum and some of the hottest crypto projects came under scrutiny for consuming massive amounts of energy. However, VeChain plans to aid cities, countries, and eventually continents, to reduce their carbon outputs via blockchain-based data. This could help position VeChain at the center of a rapidly emerging sector.

VeChain provides extremely important services for large-scale entities, putting it in a very favorable position. With VeChain primarily operating within rapidly evolving markets, it’s one of the best emerging cryptos, particularly within the data management sector.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Optimism – Emerging Layer-2 Ethereum Scaling Solution 

With the rapid increase in the number of decentralized applications (dApps) and non-fungible tokens (NFTs), the need for heavily decentralized, secure networks that can handle a large throughput of transactions is becoming ever more important. Optimism (OP), a layer-2 Ethereum rollup, could help to fill that void.

In order to appreciate why Optimism is one of the top emerging cryptocurrencies for 2024, it’s important to understand what exactly a layer-2 rollup is.

Put simply, a rollup is another network built on top of a layer-1 blockchain, like Ethereum (hence the name layer-2). A rollup enjoys all of the same security and decentralization as its parent network, but by bundling transactions off-chain in a smart contract to be settled on-chain at a later time, a rollup can handle a far greater number of transactions than its parent network.

A layer-2 Ethereum rollup like Optimism enjoys all the benefits of the Ethereum network but provides a more efficient way of settling transactions. This makes these layer-2 networks excellent for transaction-heavy projects that require the utmost security (decentralized exchanges, dApps, etc).

With the need for layer-2 networks growing exponentially, Optimism is a low-cap crypto gem that is positioned perfectly to take off. A few high-profile partnerships and the network could see a massive surge in demand. As such, it’s one of the best emerging cryptos on the market right now.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

6. Avalanche – Rapidly Growing Ethereum Alternative

In contrast to Optimism, which builds on the Ethereum network, Avalanche (AVAX) is an emerging crypto that attempts to rival it. At its core, Avalanche is very similar to Ethereum; both are layer-1 networks with a focus on smart contracts. What differentiates Avalanche is its superior throughput.

With Avalanche boasting an estimated throughput of 6,500 transactions per second while not compromising on decentralization, it’s no surprise that the network has proven to be rather popular with developers. In 2021, an increased need for a fast and efficient Ethereum alternative helped the price of AVAX to surge by over 600% as demand catapulted upward.

In order to ensure that the Avalanche network will always have sufficient levels of decentralization at scale, the network is somewhat modular. While this increases the decentralization and throughput of the network, it also boosts the ease with which other networks can integrate with the Avalanche blockchain.

With that in mind, it seems likely that as hype returns to the crypto market, Avalanche could end up being the de-facto emerging cryptocurrency in 2024 for developers and a long term crypto investment. While the rollout of ETH2.0 will likely reduce demand for alternatives a far bit, we’ll have to see just how much more efficient the upgrade makes Ethereum.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

7. Flow – Popular Blockchain Designed for dApps and NFTs

With the popularity of dApps and NFTs increasing massively over the past couple of years, it makes sense that a project like Flow (FLOW) would crop up. Aiming to create a quick, heavily-decentralized, and developer-friendly blockchain, emerging crypto Flow could become the de-facto network for dApps and NFTs, and a new cryptocurrency to buy.

Flow was created by Dapper Labs, the company behind the popular Cryptokitties and NBA Top Shot NFT collections. As such, it’s clear that the Flow team understands the blights faced by Web3 developers, giving them insight into what would improve the sector.

In order to deal with the massive amount of transactions that take place in Web3 applications Flow uses a unique architecture designed for scalability and efficiency. In fact, the Flow network can reportedly handle over 1,000 transactions per second, with the team aiming to bring this figure closer to 10,000 later down the line.

As Flow fulfills a real need in the crypto industry, it seems likely that the token will perform well over the coming months. Web3, dApps, and NFTs are all still emerging markets so it seems likely that the demand for the services Flow provides will only increase over time.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

8. Loopring – Layer-2 Ethereum Rollup

Loopring (LRC) is frequently mentioned alongside the 10 best cryptos under $1 as a leading layer-2 Ethereum rollup. Although Loopring is similar to Optimism in the sense that both are layer-2 Ethereum rollups, the Loopring protocol is focused on the creation of crypto exchanges whereas Optimism focuses more heavily on smart contracts and dApps.

In order to improve the way cryptocurrency is exchanged, Loopring takes elements from both centralized (CEX) and decentralized exchanges (DEX). By doing this, Loopring aims to create exchanges that offer the convenience and low fees of CEXs like Binance while still adhering to the decentralized ethos of crypto and allowing investors to self-custody their assets To achieve this, Loopring deals with orders off-chain, before settling the transactions on-chain.

Loopring has also cemented itself as being one of the best cryptos to buy on Reddit through a partnership with the social media platform’s favorite company; GameStop (NYSE: GME). Loopring is used to power the new GameStop NFT marketplace, with this high-profile partnership doing wonders for getting the word out about Loopring.

All in all, Loopring is a highly-efficient layer-2 network that seems to be going from strength to strength. A few more high-profile partnerships could well see Loopring become the best emerging cryptocurrency on the market.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

9. Maker – DAO Behind a Rapidly Growing Stablecoin

With scrutiny surrounding USDT’s fiat reserves and the crash of Terra’s UST token, stablecoins have been facing a lot of animosity recently.  However, Maker (MKR) has remained strong with its DAI stablecoin and is constantly being regarded as crypto with the most potential to explode.

Maker is a decentralized autonomous organization (DAO) whose sole purpose is to manage the DAI stablecoin. The MKR cryptocurrency is the DAO’s governance token and allows the community to vote on proposals affecting DAI and Maker as a whole.

Investors holding the MKR token can vote on a wide range of decisions affecting Maker. Everything from platform upgrades to changing the project’s risk tolerance can be controlled by the community. In theory, this should allow DAI to be one of the best-managed stablecoins out there.

With the need for transparent and trustworthy stablecoins increasing at a phenomenal rate, Maker and DAI grow to dominate the sector. With DAI quickly rising its way up the crypto rankings, its governance token is surely one of the year’s best emerging cryptocurrencies.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

10. Decentraland – Leading Project for Emerging Metaverse Technology

As of present, the Metaverse is perhaps the most popular sector within the crypto industry. Therefore, Decentraland (MAMA), the leading Metaverse platform is another emerging cryptocurrency in 2024 worthy of consideration.

Decentraland has proven itself to be an incredibly popular NFT game, with even mainstream companies like Atari building on the platform. Decentraland allows creators to build a wide range of experiences. Play-to-earn games, office space, and roller coasters are just a few of the different projects created on Decentraland.

With the world of Decentraland split into over 90,000 parcels of land, there’s plenty of room for people to create. The platform also presents an opportunity for creatives to build in and monetize the Metaverse by creating paid experiences, leasing land or buildings, and advertising.

The Metaverse is one of the biggest developments in cryptocurrency in recent years. With Decentraland being the leading platform that provides investors and crypto enthusiasts access to the Metaverse, it’s earned its status as one of the best emerging cryptocurrency projects.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Discover the Top Emerging Cryptocurrencies

When it comes to finding the top emerging cryptocurrencies for 2024, it can be difficult to separate promising projects from those simply making false promises. However, to make things easier, we’ve summarized a few techniques that can be used to find and vet the best emerging cryptocurrencies.

Social Media Following – One of the most simple and efficient ways to find the best emerging cryptocurrencies is by scouring social media. Oftentimes, before a project is even available to purchase, it will be building a social media following in order to generate hype. Therefore, looking for new projects that are gathering steam on social media can be an indicator of a successful project.

ICOs – Another technique that can be used to find the best emerging cryptocurrency projects is taking a look at initial coin offerings (ICOs). As an ICO is the first time a project is being offered to the public, they tend to be competitively priced projects with new technology. While eve  the best ICOs do present more risk than established projects, if the proper due diligence is performed, they present amazing opportunities.

The Whitepaper – In order to narrow down worthwhile projects, it’s crucial to check out a prospective investment’s whitepaper. A crypto project outlines its entire functionality, tokenomics, and plans for the future in a whitepaper. Therefore, it’s a great tool to see if a project’s goals are believable or just false promises.

The Team – Another key area to perform due diligence on is a project’s team. While not a perfect indicator, if a team has roots in crypto, finance or blockchain technology, they will have a greater chance of creating the best emerging cryptocurrency. On the other hand, if a team is known for failing to meet deadlines or pulling the rug from under investors, the project is best avoided.

Are Emerging Cryptocurrencies Worth Buying?

Even the best emerging cryptocurrencies vary wildly, so there’s no set answer as to whether these projects make good investments. However, we’ve included a few key reasons why emerging cryptos are worth considering.

Future Potential

Investing in emerging cryptocurrencies can be an excellent way to secure your future. By the time a certain industry or sector has matured, most of the room for growth is long gone. However, by investing in cryptocurrencies that are either new or operating within an emerging sector, there is far greater room for moves to the upside.

Cheaper Prices

When a project becomes established and has a large user base, demand will naturally be high. This leads to high price tags that are often propped up by hype more so than intrinsic value. However, by investing in emerging cryptocurrencies, it’s possible to get in on a project before the masses. This allows an investor to buy cheap crypto, while also allowing them to accumulate more tokens.

Forefront of Technology 

By definition, emerging cryptocurrencies are at the forefront of technology. Nobody knows what seemingly insignificant sector will grow to become the next Metaverse or NFT. As such, as long as the proper research is conducted, investing in an emerging cryptocurrency could provide early exposure to the next big trend within the industry.

How to Invest in Emerging Cryptocurrencies

In order to make buying the best emerging crypto a breeze, we’ve included the below guide detailing the entire process.

Step 1: Register with an Exchange

Before buying TAMA, an investor first needs to purchase ETH from a regulated exchange like eToro. Alternatively, ETH can be purchased with a credit/debit card directly from the Tamadoge website.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

Step 2: Deposit Funds and Buy ETH

After creating an account, deposit by clicking ‘Deposit Funds’, choosing how much to invest, and pressing ‘Deposit’. The funds should arrive promptly but first-time deposits tend to take a short while longer. After the funds have landed in the account, click on the search bar, enter ‘ETH’, press ‘Trade’, decide how much Ether to purchase, and press ‘Open Trade’.

Step 3: Create MetaMask Wallet and Withdraw ETH

In order to interact with the Tamadoge presale website, a crypto wallet is required. Create one by downloading either the MetaMask browser extension or mobile app and following the on-screen instructions. Then, make sure that the wallet is set to the Ethereum network and withdraw the ETH from eToro to MetaMask using the eToro Money Wallet.

Step 4: Connect Wallet and Buy TAMA

As soon as the ETH has landed in the MetaMask wallet, we’re ready to purchase TAMA. Simply navigate to the Tamadoge website, press ‘Connect’, select MetaMask, and confirm the connection. Afterward, enter the desired amount of tokens in the ‘Buy Tamadoge’ section (1000 TAMA minimum) and press ‘Convert ETH’. The tokens will be claimable from the Tamadoge website as soon as the presale has concluded during Q4 2022.

Conclusion

Throughout this article, we’ve taken a look at 10 of the best emerging cryptocurrencies that the market has to offer. While each project is solid and has good potential, there were two projects that really caught our eye.

Tamadoge is a utility-focused meme coin that shows massive promise. In just days following its release, the project raised over $2 million and with investors continuing to pile in, it’s worth taking a look at before the presale sells out. Another of the top emerging cryptocurrencies in 2024 is Battle Infinity, a project blending NFTs, the Metaverse, and DeFi to create an all-in-one P2E gaming ecosystem. It will soon be listed on PancakeSwap so check out the project today.

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