Best Crypto 2.0 Coins for October 2024

Second-edition cryptocurrencies, or 2.0 – build on the original foundation of a project. This could be anything from a network upgrade, a change of consensus mechanism, or a new version of a popular coin.

In this guide, we analyze the best crypto 2.0 coins to buy in 2023.

List of the Best Crypto 2.0 Coins 2023

Listed below are the best crypto 2.0 coins in the market right now:

Pepe Unchained: An improved version of the popular Pepe coin, Pepe Unchained is more than a meme token—it’s an entire ecosystem built on a Layer 2 blockchain atop the Ethereum Network. This allows Pepe Unchained to offer faster transactions, lower costs, and improved gains.
Sponge V2: The next iteration of the popular Sponge meme coin, which peaked at a $100 million market cap in 2023. Sponge V2 aims to achieve the same success as its predecessor with new tokenomics and a stake-to-bridge mechanism with a 30% annual yield.
Pepe 2.0: Pepe 2.0 is the next version of the original Pepe project. For those unaware, Pepe is one of the best-performing meme coins of 2023. Pepe 2.0 is offering investors that missed out on Pepe the chance to ride the next meme coin wave. Pepe 2.0 has generated gains of nearly 170% in the prior 24 hours alone.
Ethereum 2.0: The much anticipated Ethereum 2.0 upgrade has finally been completed. The world’s second-largest blockchain now runs on the proof-of-stake blockchain. While this makes Ethereum a lot more energy efficient, scalability remains a work in progress. Nonetheless, Ethereum is up 73% over the prior 12 months of trading.
Mongoose 2.0: This is one of the newest crypto 2.0 coins in the market, having launched several hours ago. This is a meme coin that aims to become one of the best ERC20 tokens of 2023. Currently, Mongoose 2.0 has a market capitalization of under $1 million.
SHIB2.0: Launched within the prior 24 hours, SHIB2.0 aims to replicate the success of Shiba Inu – one of the best meme coins to date. SHIB2.0 is also built on the Ethereum framework and, so far, has generated gains of 188%.
DOGE 2.0: Doge 2.0 is a brand-new coin that has just entered the crypto 2.0 space with a small market capitalization of just $80,000. The project claims to offer investors a ‘second chance’ to invest in the Dogecoin frenzy.

Top Crypto 2.0 Coins: Full Analysis

Now let’s take a much closer look at the best crypto 2.0 coins trending in the market today.

1. Pepe Unchained – Ethereum Layer 2 Ecosystem for Pepe Fanatics

First up is Pepe Unchained, which is the first Pepe token to have its own chain. Built on a Layer-2 network on top of Ethereum, this new meme coin has lower transactions with a blockchain that’s up to 100x faster than ETH. $PEPU, the native token, serves as the lifeblood of the new crypto project and Pepe ecosystem.

In just a few months, the Pepe Unchained presale has raised over $18 million. This marks a successful ICO as investors continue to rack up $PEPU. Early buyers can take advantage of the high presale staking rewards of 121% APY at the time of writing. Of the 8 billion total supply of $PEPU, 1.3 billion have already been staked. Make sure to buy $PEPU and stake soon as annual rewards rates drop over time.

Another feature that Pepe Unchained offers is instant ETH to PEPE Chain bridging. This enables users to seamlessly bridge Ethereum and the new Pepe Unchained network with instant and low-fee transactions. Interested buyers can buy PEPE with ETH, USDT, BNB, or a card. Currently, $PEPU is priced at $0.00994 per token.

Visit Pepe Unchained

2. Sponge V2 – Latest Meme Token from Popular Sponge Coin That Grew 100x in 2023

Sponge V2 is the latest iteration of the popular Sponge coin. In 2023, Sponge peaked from a $1 million to a $100 million market cap. Today, Sponge V2 is taking over with new features, tokenomics, and a play-to-earn game. Since $SPONGE V1 has been discontinued, users can now buy and stake $SPONGEV2, the Sponge V2 token.

Sponge V2’s stake-to-bridge mechanism allows users to stake $SPONGE V1 and earn rewards in $SPONGEV2. 43.09% of the total number of tokens is reserved for staking rewards, which currently stands at 30% APY at press time. Over 14 billion $SPONGE have already been staked on the platform.

According to the Sponge V2 presale page, the crypto project has a total token supply of 150 billion $SPONGEV2. About 27% of this is allocated for bridged $SPONGE, while 4.47% will be used to develop the play-to-earn Sponge racer game. Based on the project whitepaper, a free and paid version of the game will be launched in the future.

Visit Sponge V2

3. Pepe 2.0 – Trending Crypto Coin With 24-Hour Gains of Nearly 170%

Next is Pepe 2.0 – the next generation of the original Pepe project. Pepe is one of the best-performing cryptocurrencies of the year, having produced gains of over 7,000% within three weeks of launching in April 2023. Pepe 2.0 aims to replicate the same success, offering investors a chance to target similar gains.

Pepe 2.0 is a meme coin without any utility or use cases. It was launched on May 22nd, 2023, and operates on the top of the Binance Smart Chain. Pepe 2.0 does not have any transaction taxes, and 49.3% of tokens were deposited into its liquidity pool.

Pepe 2.0 chart

In terms of performance, Pepe 2.0 has generated growth of almost 170% within the prior 24 hours. During the same period, the broader crypto market has grown by just 1.31%, as per CoinMarketCap data. The market capitalization of this project is currently $47,000.

4. Ethereum 2.0 – Large-Cap Blockchain Project Upgrading to Proof-of-Stake

Ethereum – the original smart contract blockchain that was launched in 2015, is the world’s second-largest cryptocurrency by market capitalization. The project completed its much-anticipated Ethereum 2.0 Merge in December 2020. This upgraded its network consensus mechanism from proof-of-work to proof-of-stake.

This makes Ethereum a lot more energy-efficient, but transaction fees and scalability still remain an issue. For example, Ethereum is still capped at just 29-30 transactions per second, as per ETHTPS. That said, the Ethereum 2.0 Merge is a long-term project, so these issues are expected to be resolved in the near future.

Ethereum price

In the meantime, Ethereum has performed well over the prior 12 months of trading, with gains of 73%. What’s more, Ethereum is trading over 60% below its former all-time high. This offers an opportunity to buy Ethereum at an attractive discount. Ethereum is available to buy at many of the best crypto exchanges.

5. Mongoose 2.0 – Brand-New Coin With $9 Million+ Trading Volume in Under 10 Hours

Mongoose 2.0 is a newly launched meme coin building on the previous success of Mongoose. Like many of the crypto 2.0 coins we will discuss today, Mongoose has no real-world utility. It is a project built purely on hype and FOMO. Mongoose 2.0 is an ERC20 token with a total supply of over 420 quadrillion tokens.

As per CoinMarketCap data, Mongoose 2.0 was launched several hours ago. Consider that in just 24 hours of trading, more than $9 million worth of Mongoose 2.0 has changed hands. All trading volume is being conducted on Uniswap, one of the best decentralized exchanges.

Mongoose 2.0 price

The price of Mongoose 2.0 is extremely volatile, considering it has just entered the market. Currently, Mongoose 2.0 is 80% down from its original DEX listing price of $0.000000007074. However, considering that the project is trending – alongside its small market capitalization of just under $650,000, Mongoose 2.0’s fortunes could soon turn around.

6. SHIB2.0 – Next-Generation Meme Coin With 24-Hour Gains of 188%

SHIB2.0 is another brand-new meme coin that was launched within the prior 24 hours. As the name implies, this crypto 2.0 coin is the next-generation version of Shiba Inu. According to the SHIB2.0 website, “History repeats itself, and we are planning to follow in the same footsteps as Shiba Inu“.

Since launching, SHIB2.0 has generated gains of 188%. The project currently has a market capitalization of approximately $1 million, so volatility is extremely high. SHIB2.0 trades on Uniswap and has generated over $5 million worth of volume so far.

SHIB2.0 price

SHIB2.0 has a much smaller total supply when compared to the original Shiba Inu. This stands at 1 billion and 1 quadrillion tokens, respectively. As per CoinMarketCap data, 100% of the total supply is already in circulation. Just like the original Shiba Inu, SHIB2.0 operates on the Ethereum blockchain.

7. DOGE 2.0 – Micro-Cap Dogecoin Replica With a Valuation of Just $80,000

DOGE 2.0 is a carbon copy of the original Dogecoin project. It uses the same Shiba Inu dog breed logo and follows the ERC20 token standard. DOGE 2.0 was launched within the prior 24 hours and has witnessed steady growth. So far, DOGE 2.0 has increased by 18%.

This project might appeal to investors seeking a micr0-cap coin, with DOGE 2.0 currently valued at just $80,000. That said, trading volumes since the coin was launched have already surpassed $1.6 million. This highlights that DOGE 2.0 is already generating hype.

DOGE 2.0 price

The total supply of DOGE 2.0 is 100 million tokens. According to CoinMarketCap, 78% of the supply is already in circulation. That said, these are based on self-reporting figures. Like many newly launched ERC-20 tokens, DOGE 2.0 trades on the Uniswap DEX.

What are Crypto 2.0 Coins?

‘Crypto 2.0’ can refer to various concepts within the blockchain industry. In some cases, the terms relate to new cryptocurrencies that are based on an already established project. For example, Bitcoin Minetrix aims to be the improved version of Bitcoin. While DOGE 2.0 aims to replicate the success of Dogecoin.

It is important to note that these crypto 2.0 coins have no affiliation with the original project. For example, SHIB2.0 is not related to Shiba Inu. While Mongoose 2.0 has no connection to Mongoose. One of the main objectives of crypto 2.0 coins is to create hype on the back of the original project.

For example, SHIB2.0 aims to produce similar gains to Shiba Inu. If successful, this would make SHIB2.0 one of the best crypto 2.0 coins for 2023. Equally, however, crypto 2.0 coins often have little to no use case. Instead, they are marketed purely on speculation.

What About Ethereum 2.0?

‘Crypto 2.0’ can also refer to existing projects that have upgraded their ecosystem.
For example, Ethereum 2.0 builds on the original Ethereum, transitioning from proof-of-work to proof-of-stake.
The upgrade will allow Ethereum to operate more efficiently. For example, according to a Crypto Carbon Ratings Institute (CCRI) study, Ethereum 2.0 consumes 99.9% less energy than its original framework.

Methodology

How We Analyze and Review Cryptocurrencies

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300+ Research Hours

14 Key Variables Evaluated

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To ensure our readers receive unbiased, thorough, and reliable information, we conduct extensive research and analysis of a wide range of cryptocurrencies. We assess each crypto asset based on 14 distinct criteria, some of which include:

Market Potential: We evaluate the likelihood of future growth and the overall potential within the crypto market.
Liquidity and Trading Volume: We analyze the ease of buying and selling cryptocurrencies and their trading activity.
Community and Support: We examine the level of community engagement and the quality of support available to users.
Price History and Market Sentiment: We review historical price data and current market sentiment.
Security Measures and Past Breaches: We check for strong security protocols and any history of security breaches

By following this thorough approach, we provide comprehensive and reliable reviews tailored to the needs of crypto enthusiasts and investors alike.

Why Buy Crypto 2.0 Coins?

Before investing in the best crypto 2.0 coins, it is important to assess their viability.

Below, we explore some of the reasons to invest in this niche market.

Second Chance to Replicate High Growth

2.0 coins are often launched to replicate the success of other cryptocurrencies. These are usually cryptocurrencies that have generated sizable returns since they were launched.

For example, according to CoinMarketCap, Shiba Inu was priced at just $0.000000001009 when it was launched in 2020
By November 2021, Shiba Inu was trading at over $0.00007
This amounts to gains of almost 7 million percent
In turn, Shiba Inu is now a multi-billion-dollar cryptocurrency project

Crypto 2.0 coins like SHIB2.0 market their project based on this success story. This is with the view of attracting investors that can help increase its market price.

Similarly:

Pepe 2.0 is based on the success of the original Pepe, which was launched in April 2023.
As per CoinMarketCap data, Pepe was originally trading at just $0.00000006036.
In under three weeks of trading, Pepe hit highs of $0.000004354.
This translates to growth of over 7,000%.

However, whether or not crypto 2.0 coins can achieve similar gains to the projects they copy remains to be seen.

Upgraded Projects to Improve on Deficiencies

Another angle of crypto 2.0 coins are projects that have made changes to their original framework. This is often to improve deficiencies, such as speed, fees, scalability, or energy efficiency.

For example, we mentioned earlier that Ethereum 2.0 improved on the original Ethereum framework. It did this by upgrading to the more efficient proof-of-stake consensus mechanism.

Ethereum price

On the one hand, Ethereum 2.0 has already yielded excellent results, considering that transactions now consume over 99% less energy. However, Ethereum 2.0 is still in development. This is because scalability is still capped at just 29-30 transactions per second.

Nonetheless, the Ethereum ecosystem is moving in the right direction. As such, many believe that Ethereum is one of the best cryptocurrencies to buy.

Project Relaunches and Splits

The best crypto 2.0 coins can also relate to project relaunches. This is often because of issues with the original project framework, resulting in a relaunch of the respective coin.

For instance, if the underlying network was hacked, a relaunch is often the way to go. In many cases, holders of the original cryptocurrency will receive a proportionate number of coins.

What About Ethereum 2.0?

Crypto 2.0 can also refer to existing projects that have split into new, independent cryptocurrencies. For example, infighting between developers of Bitcoin Cash in 2018 resulted in a split, subsequently creating two different coins; Bitcoin ABC and Bitcoin SV. This presented new opportunities for investors.

New Cryptocurrencies With Micro Valuations

Some of the best crypto 2.0 coins discussed today are brand-new projects. In fact, some were launched within the prior 24 hours, allowing investors to gain exposure from the ground up.

For example, SHIB2.0 was launched just a few hours before writing this guide. So far, it has already generated growth of nearly 190%.

SHIB2.0

That said, the project has a market capitalization of just under $1 million. This means that SHIB2.0 has plenty of room to grow, appealing to investors seeking the most volatile cryptocurrencies.

Small Investments are Possible

While many of the best crypto 2.0 coins are considered high-risk, there is no need to break the bank to invest. Instead, these cryptocurrencies can be purchased in very small amounts. This is ideal from a risk-management perspective.

After all, while some of the crypto 2.0 coins discussed today could witness rapid growth, they could also lose the vast majority of their value.

Another way to reduce the risk is to diversify across multiple crypto 2.0 coins. If one takes off, this could more than counter the losses experienced from the other coins in the portfolio.

Conclusion

In summary, crypto 2.0 coins are one of the most trending niches in the market right now. In this guide, we discussed some of the top crypto 2.0 coins that are causing waves in the market.

Just remember that many crypto 2.0 coins are risky. Ultimately, investors should never risk more than they can afford to lose.