10+ High Risk High Reward Crypto Projects For 2024

If you’re like many crypto investors, you’ve most likely searched for the crypto with the most upside potential. Although around 100 cryptos enter the market every day, some crypto gems can make huge returns for investors, while others will ultimately fail. 

In this guide, we’ve picked and analyzed notable high-risk high-reward crypto projects that will bring the most upside to investors, including a bonus guide on how to find them and potentially mitigate risk.

The Cryptocurrencies with the Highest Upside Potential in 2024

  1. Dogeverse (DOGEVERSE) – High-risk and multi-chain meme coin with $15M raised on presale.
  2. Sealana (SEAL) – Latest South Park-inspired coin on the Solana chain.
  3. WienerAI (WAI) – High-risk, high-reward contender for 2024.
  4. Mega Dice Token (DICE) – GameFi casino with daily rewards based on performance.
  5. 99Bitcoins (99BTC) – Earn passive rewards with the innovative learn-to-earn system.
  6. Sponge V2 (SPONGEV2) – Popular meme coin offering high staking yields and 100x pump in 2023.
  7. Smog (SMOG)Top high-risk meme coin with 42% staking APYs and low prices.
  8. eTukTuk (TUK)Sustainable crypto is offering high APY and over $3M raised.
  9. KAI (KAI) – Exciting cat-themed meme token has raised $250K in a few weeks.
  10. Shiba Shootout (SHIBASHOOT) Western-themed meme coin crypto project for 2024.
  11. Healix (HLX) – High risk crypto revolutionizing the health sector.
  12. Bitcoin (BTC) — Market-leading crypto with a $1 trillion market cap. 
  13. Ethereum (ETH) — #2 token in terms of market cap, supports DeFi and smart contracts.

Our Analysis of the Top High-Risk High-Reward Crypto Projects

Finding the most valuable high risk crypto projects might be a challenge for investors who want returns on their investments. For that purpose, we reviewed the top high risk cryptocurrency assets in detail, providing users with the most important information for them.

1. Dogeverse – Multi-Chain Meme Coin With High Staking APY

  • Presale Started: April 2024
  • dogeverse-high risk high reward cryptoPurchase Methods: ETH, USDT, Card
  • Chain: Ethereum, Solana, Avalanche, Base, Polygon, Binance
  • Hard Cap: $17 million
  • Min Investment: None
  • Max Investment: None

Dogeverse ($DOGEVERSE) is the latest high-reward meme cryptocurrency with high staking yields and multi-bridge utility. This high-risk project shows massive growth potential and has had a strong presale start.

Why We Picked It?

In only a couple of months since its presale launch, Dogeverse has raised more than $15 million. One of the reasons is that Dogeverse is the first Doge-themed token to offer multi-chain compatibility with six other blockchain networks.

The platform offers this feature by using Portal Bridge and Wormhole technology. Thus, the platform’s members can connect with various blockchains and access high throughput and quick transaction speeds. 

Dogeverse also displays high upside potential, as it is attracting long-term investors through its staking mechanism. Those interested in generating a high and long-term yield can stake $DOGEVERSE on the smart contract. Of the 200 billion token supply, 22 billion are locked in staking, with an additional 20 billion allocated as staking rewards.

The presale, on the other hand, distributes 30 billion tokens, priced at $0.00031 each. The $DOGEVERSE presale ends at 10 am UTC on June 3, 2024. This is the last chance for investors to join this multi-chain project, as the Dogeverse presale ends at 10 am UTC on June 3, 2024.

2. Sealana – Latest South Park-Inspired Coin on the Solana Chain

  • Total Tokens: N/A
  • sealana-high risk high reward cryptoTokens available in presale: N/A
  • Blockchain: Solana
  • Token Type: SPL
  • Minimum purchase: None
  • Purchase with: SOL

Sealana ($SEAL) is the best high-risk crypto to buy now on Solana, with its token available in the current presale for early investors.

Why We Picked It?

Since the summer meme coin craze is underway, many SOL-based tokens seeing significant gains. Solama, a recent meme cryptocurrency, has surged by 80% in the past two weeks, highlighting the growing interest and potential in the Solana ecosystem.

Investors seeking the next big Solana-based crypto have their eyes on Sealana, which tells the story of a patriotic, overweight American Redneck aiming to trade crypto and move out of his mother’s basement.

In the brief span since its launch, the $SEAL presale has amassed over $2.5M in funds. To take part, prospective investors can contribute SOL to the designated wallet address: DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c. This rapid fundraising underscores the strong interest in the project and its potential for growth.

With Sealana’s market debut approaching and having surpassed the $2 million milestone, anticipation continues to grow. Positioned to capitalize on this momentum, the latest Solana meme coin follows the success of predecessors like Slothana (SLOTH), which raised $15 million in its send-to-wallet presale in just over four weeks, setting a promising precedent for Sealana.

3. WienerAI – High-Risk, High-Reward Contender for 2024

  • Presale Started: May 2024
  • wienerAI-high risk high reward cryptoPurchase Methods: ETH, USDT, BNB, Card
  • Chain: Ethereum
  • Hard Cap: N/A
  • Min Investment: None
  • Max Investment: None

For risk-tolerant investors seeking the crypto with the biggest upside, WienerAI ($WAI) deserves close attention. Brilliantly bridging the cultural phenomena of the most prominent dog meme coins and disruptive AI technology, this innovative token presents a high-risk and high-reward proposition like a few others.

Why We Picked It?

This high-risk project has now embraced an element of certainty with its latest AI trading bot. Utilizing the latest technologies, this bot offers multiple predictive features to let investors find the hidden gems on the market.

WienerAI follows the audacious concept of an advanced “cybernetic canine AI” continuously accruing knowledge and upgrading itself over time. If actualized, such AI integration could propel WienerAI’s utility into uncharted territory within crypto’s future landscape. The token already supplies high APY staking rewards topping over 300%.

In addition to its determined roadmap and utility properties, there are no fees on the platform, and it leverages the Ethereum blockchain’s shift to proof-of-stake for eco-friendly crypto trading.

Maximizing WAI’s long-term potential relies heavily on the team’s roadmap execution for AI integration, DeFi applications, and other ambitious plans. This uncertainty enhances risk, but also massive upside should they deliver. 

4. Mega Dice Token – GameFi Casino With Daily Rewards Based on Performance

  • Hard Cap: N/A
  • mega dice-high risk high reward cryptoTotal Tokens: 420 million
  • Tokens available in presale: 147 million
  • Blockchain: Solana Network
  • Token type: SPL
  • Minimum Purchase: None
  • Purchase with: SOL, ETH, BNB, USDT, Card

Mega Dice ($DICE), a crypto casino platform, is set to launch one of the most sought-after high risk high reward crypto coins through its exclusive presale, which has recently achieved the significant milestone of $1 million.

Why We Picked It?

Mega Dice stands out from typical presales by already operating a fully functional online casino and sportsbook accessible via web and Telegram. $DICE holders earn a portion of casino profits through staking and can access exclusive rewards, including rare NFTs.

In addition to its exclusive rewards, referring friends can earn investors 10% of their referred amount without limits.

After completing a $750,000 season 1 airdrop, the project has surpassed $1 million. Season 2 is now open, offering another $750,000 in rewards. To qualify for airdrops and retroactive rewards, players must wager at least $5,000 within 21 days, with three airdrops in total.

The $DICE presale price has risen from $0.069 to $0.075, which marks an 8.6% increase. Acting quickly secures the lowest entry point and the chance for significant returns. The $DICE presale aims for a minimum raise of $5 million.

5. 99Bitcoins – Earn Passive Rewards With the Innovative Learn-To-Earn System

  • Hard Cap: $11,070,675
  • 99bitcoins-high risk high reward cryptoTotal Tokens: 99 billion
  • Tokens available in presale: 10,395,000,000
  • Blockchain: Ethereum
  • Token type: ERC-20
  • Minimum Purchase: N/A
  • Purchase with: ETH, BSC

Leveraging over a decade of expertise, 99Bitcoins introduces an innovative “learn-to-earn” concept with its native crypto, $99BTC, making it the best crypto with the most upside today.

Why We Picked It?

Mega Dice stands out from typical presales by already operating a fully functional online casino and sportsbook accessible via web and Telegram. $DICE holders earn a portion of casino profits through staking and can access exclusive rewards, including rare NFTs.

The anticipated success of this coin is fueled by its learn-to-earn ecosystem, where users receive $99BTC tokens as rewards for engaging with crypto education. This innovative approach not only incentivizes learning but also fosters community engagement and adoption.

Early token holders benefit from exclusive access to premium training courses, webinars, and personalized crypto signals and strategies. They also gain entry to VIP community groups, where they can connect with experts and fellow enthusiasts to enhance their knowledge and investment strategies.

99Bitcoins ($99BTC) could experience significant growth in 2024 due to a high staking APY of over 1000% in the early presale phase and an airdrop of $99,999 worth of BTC tokens to initial backers. Currently, on Ethereum, $99BTC will transition to the BRC-20 standard, enabling DeFi capabilities on the Bitcoin blockchain.

6. Sponge V2 – Latest Meme Crypto Offering Staking Yields

  • Hard Cap: N/A
  • SpongeV2-high risk high reward cryptoTotal Tokens: 150 Billion
  • Tokens available in presale: N/A
  • Blockchain: Ethereum Network
  • Token type: ERC-20
  • Minimum Purchase: None
  • Purchase with: USDT, ETH, Card

Our next pick for the best high risk high reward crypto is Sponge V2 ($SPONGEV2). This is a new and upgraded version of Sponge – a meme token that has offered soaring returns in the past. 

Why We Picked It?

Sponge allows investors to access $SPONGEV2 through its newly launched V2 smart contract. Existing $SPONGE holders can lock their V1 tokens on the smart contract or purchase $SPONGE directly through the website.

Once you buy $SPONGE through the widget on the website, your tokens will directly be staked in the V2 smart contract. After your tokens are staked, you receive an equal amount of $SPONGEV2. 

Investors can claim their Sponge V2 tokens once the coin officially launches on crypto exchanges. Your locked V1 tokens will also offer staking yields for the next four years. $SPONGE can be purchased using ETH, USDT, or a card, making it accessible for a wide range of investors.

Sponge will also launch one of the most highly rated P2E games, which will provide investors with the opportunity to earn more $SPONGEV2 tokens. This addition aims to enhance the utility and appeal of the token.

7. Smog – Best High-Risk Meme Crypto For Airdrop and Staking Rewards

  • Hard Cap: N/A
  • SMOG-high risk high reward cryptoTotal Tokens: 1.4 Billion
  • Tokens available in presale: Not a presale
  • Blockchain: Solana
  • Token type: SPL
  • Minimum Purchase: N/A
  • Purchase with: SOL, USDT, USDC or any other Solana-based token

Our top pick for the best high-risk cryptocurrency is Smog ($SMOG). This recently launched meme token aims to become the largest on the Solana blockchain, reaching a market cap of over $72 million within weeks of its launch.

Why We Picked It?

While $SMOG presents a high-risk investment due to the volatile nature of meme tokens, it does offer utility to token holders. Notably, it’s conducting season 2 of one of the top airdrop campaigns, distributing 35% of its total 1.4 billion token supply within its ecosystem. Participants can earn airdrop points by holding $SMOG, engaging in quests, and staking the token.

Additionally, Smog will also offer up to 42% in annual yields for staking the token. Thus, all these use cases could help propel the trading volume – making $SMOG one of the leading meme coins in recent years. 

The project underwent a fair launch, devoid of any presale, ensuring equal entry opportunities for all investors. This fair distribution mechanism eliminates skepticism regarding the token’s legitimacy and fosters trust within the community.

At present, over 29 million $SMOG tokens are staked, available for purchase at $0.05 each. Despite launching with a market cap of just $2 million, the token has now exceeded $44 million in market capitalization, reflecting its rapid growth and investor interest.

8. eTukTuk – Upcoming Crypto Presale of a Sustainable Project Building EV Charging Stations

  • Hard Cap: $5,693,500
  • etuktuk-high risk high reward cryptoTotal Tokens: 2 billion
  • Tokens available in presale: 200,000,000
  • Blockchain: BNB Chain
  • Token type: BEP-20
  • Minimum Purchase: $1
  • Purchase with: ETH, BNB, or USDT

eTukTuk ($TUK) is another crypto with most upside that has spent five years developing the world’s first automotive project based on the Cardano blockchain.

Why We Picked It?

To help TukTuk drivers make the switch to electric vehicles, eTukTuk will set up EV charging stations and Electric Vehicle Supply Equipment (EVSE). These charging stations will be set up in areas called ‘territories.’ By using local support, eTukTuk will reduce the costs of production. 

eTukTuk will be able to provide drivers with low transaction costs and offer high scalability. It is estimated that drivers will save 400% of their revenue by using the charging stations at eTukTuk. Any token that is new can attract volatility, but $TUK offers different use cases. 

Members can stake tokens and earn passive income as the transactions on charging stations increase. Therefore, this cryptocurrency project has the potential to offer huge returns in the long term. $TUK has a 2 billion token supply, 250 million of which will be allocated for the token presale. 

eTukTuk has unveiled a play-to-earn game reminiscent of ‘Crazy Taxi’, allowing players to navigate eTukTuks through Sri Lankan streets. Speed directly correlates with earnings in this game, now accessible on both Google Play and the App Store.

9. KAI – Exciting Cat-Themed Meme Coin Offers High Staking Yield

  • Hard Cap: N/A
  • kaicat-high risk high rewardTotal Tokens: 10,000,010,404 KAI
  • Tokens available in presale: 2,000,002,080 KAI (20%)
  • Blockchain: Ethereum
  • Token type: ERC-20
  • Minimum Purchase: N/A
  • Purchase with: ETH, USDT, BNB Credit Card

KAI ($KAI) is one of the most prominent cat-themed meme cryptocurrencies that offers high staking yield and community rewards. 

Why We Picked It?

While the token is available at an affordable price, it may be the most valueable risky crypto to buy today. Meme tokens that are new attract high levels of volatility and deliver uncertain returns to early investors. 

However, $KAI token holders can limit the volatility by staking tokens on the smart contract to earn a regular yield. At press time, investors can stake $KAI and generate an annual yield of over 7000%. 20 million tokens have already been locked on the smart contract. 

This could help limit the token’s volatility, as the circulating supply will reduce. It will also help reduce the regular buying and selling of the token after it is listed on exchanges. From a supply of over 10 billion, 15% will be allocated as staking rewards. 

KAI will also allocate 25% of the supply to investors who actively participate in the community. Within a few weeks of the presale launch, KAI has raised over $345K.

10. Shiba Shootout – Western-Themed Crypto With Most Upside For 2024

  • Total Tokens: 2.2 Billion
  • shibashootout-high risk high reward cryptoTokens available in presale: 700 Million
  • Blockchain: Ethereum
  • Token Type: ERC-20
  • Minimum purchase: None
  • Purchase with: ETH, USDT, and Card

Shiba Shootout ($SHIBASHOOT) emerges as a standout among high-risk crypto projects, offering significant upside potential for investors in 2024.

Why We Picked It?

Shiba Shootout distinguishes itself through high-stakes battles, offering both adrenaline rushes and lucrative opportunities, embodying the spirit of the Wild West unlike conventional meme coins. With a clear roadmap and engaging community events, the project emphasizes utility and charm for sustained success, setting it apart in the crypto landscape.

Shiba Shootout revolves around Marshal Shiba, spearheading the digital frontier with wit and charm from the vibrant Shiba Gulch. The project immerses users in a crypto-cowboy experience with features like Posse Rewards, Campfire Stories, and Token Governance Roundups for community engagement. Additionally, Lucky Lasso Lotteries and Cactus Staking offer rewarding opportunities.

Investors in the early stages of the presale for the token are offered an attractive staking APY of over 2,000%, presenting a significant opportunity for potential returns. However, it’s essential to note that as more tokens are acquired and staked, the APY is expected to decrease gradually over time.

To purchase the token, investors need to have an Ethereum wallet and can use ETH, USDT, or BNB. However, tokens bought with BNB won’t qualify for staking rewards. Considering Binance’s lower gas fees compared to Ethereum, using BNB might be advantageous later in the presale when the staking APY has decreased substantially.

11. Healix (HLX) – Trending Crypto Revolutionizing The Health Sector

  • Total Tokens: 1 Billion
  • healix-high risk high reward cryptoTokens available in presale: 100 Million
  • Blockchain: BNB
  • Token Type: BEP-20
  • Minimum purchase: None
  • Purchase with: USDT and BNB

Healix is the best high-risk crypto to buy now, which merges AI and IoT to revolutionize healthcare. Positioned at the forefront of innovation, it aims to transform healthcare by harnessing blockchain’s capabilities.

Why We Picked It?

Healix aims to revolutionize healthcare finance by leveraging decentralized networks to streamline processes and improve accessibility to medical services while enhancing IT infrastructure security.

Healix stands out for its innovative approach to tackling real-world healthcare challenges, diverging from conventional market-driven crypto investments. Supported by a seasoned team of industry experts, it boasts a robust ecosystem.

Healix’s HLX token presale made headlines, selling 2,000,000 tokens swiftly. Investors now have a chance to back healthcare innovation shaping the future.

BTC’s decline underscores the importance of the Healix presale. Amidst market uncertainty, Healix emerges as a dependable option. Strategically approaching the Healix presale could capitalize on this sentiment as investors seek stability.

12. Bitcoin (BTC) — High-Risk High-Reward Crypto with Scope for Further Growth

  • bitcoin-high risk high reward cryptoToken symbol: $BTC
  • Supply: 19.7M
  • Blockchain: Bitcoin

Every crypto fan or investor has heard of Bitcoin, the king of cryptocurrency – as the world’s first cryptocurrency, it still dominates the market.

Why We Picked It?

It’s always good to have Bitcoin in your crypto portfolio, as it’s not going anywhere anytime soon, and despite BTC’s price decreasing, it’s still the best high risk crypto to buy now.

Every investor remembers the incredible highs Bitcoin reached throughout 2021 and 2022, jumping by more than 100% twice – after dropping below $17,000 in late 2022, it has since reached $28,000, proving yet again that it has endless upside potential. 

Mining Bitcoin may no longer be worthwhile without investing hundreds of thousands, but buying and selling on exchanges certainly is. Many analysts still believe it will reach six figures and beyond by the end of the decade.

It’s important to note that investors should know how to get Bitcoin, especially when they are investing a large sum.

13. Ethereum (ETH) — Hugely Popular Crypto for Builders and Developers

  • ethereum-high risk high reward cryptoToken symbol: $ETH
  • Supply: 120.13 million
  • Blockchain: Ethereum

Ethereum ranks as the number two cryptocurrency in the space and has also been the crypto with biggest upside potential for years.

Why We Picked It?

Ethereum pioneered blockchain smart contracts, which are self-executing programs that fulfill agreements between parties without intermediaries. This reduces transaction costs and increases reliability.

It’s one of the oldest and most reliable digital currencies and ecosystems that has introduced a lot of novelty into the sphere, with its place secured as the leading blockchain for decentralized app (dApp) builders and developers.

The price has oscillated between $1,000 and $2,000 for the last several months, and with the recent significant jumps, it’s clear that it will remain a viable asset.

Most of the coins and tokens, including the majority of all new cryptos with the highest upside, are made using Ethereum’s ERC-20 compatibility standard. Ethereum’s price fluctuates a lot, and its rises and falls are fairly tied to Bitcoin.

What Determines How Risky a Cryptocurrency Is?

The main factor determining the risk associated with a specific coin is its price fluctuations. Simply put, the more price jumps and falls, the more volatile it is and the more uncertain it is for an investor. Naturally, the wider the range between highs and lows, the greater the risk. 

The exact stage in the crypto’s development matters greatly as well. The newer the token is, the riskier investing in it will be. The most volatile cryptos are presale coins. However, these coins have the most upside potential as their prices are currently incredibly low. If the coin pans out and booms in popularity, the price will likely jump by several thousand percent, leading to early investors profiting greatly.

High-Risk Cryptos vs Less Volatile Cryptos

Some investors prefer to spend their money on less volatile cryptos like stablecoins, where the price is tied to fiat currency and seldom changes. This can be a good option if you’re looking to invest in the digital currency sphere while being risk-averse. 

Stablecoins like Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD) are connected to the dollar, so their price rarely changes. Naturally, the fiat currency prices fluctuate, so you should have that in mind.

Other than that, there are a couple of cryptocurrencies with less volatile prices, including Tron (TRX) and Ripple (XRP). These offer more stability to your capital but yield low returns, if any. You’ll still need to know when to invest, but you’ll make lower profits and suffer fewer risks.

How to Determine Your Risk Tolerance With Crypto Investing

Understanding your risk tolerance is one of the key things you need to know if you want to be a crypto investor. 

There is always at least some risk involved in any type of investing, but you should still have a threshold for what you consider excessive. This limit is different for every investor, and you can determine your own by assessing the amounts held in crypto and how much you would feel comfortable losing. 

The important thing is that no matter what number you end up investing in, you need to be prepared to lose it entirely. More than that, by anticipating the worst, you can objectively assess your investment strategy. 

Ultimately, it’s essential to determine how long you want to stick with your investment. You can be in it for the long haul or deal with it short term. The former means you needn’t worry about price changes, while the latter might entail buying and selling on different exchanges to profit from the margins.

Crypto Tools to Help Mitigate Risk 

When it comes to high risk crypto, the key to minimizing risk is employing proper safety techniques and focusing on trustworthy and promising tokens. 

You need to carefully research every token you plan on buying and make the purchases through trustworthy sources, using reputable wallets and employing the necessary security measures. 

Additionally, you can use tools that create alerts when to sell or buy that pop up at certain price milestones, as well as measures that monitor and analyze transactions to detect and prevent fraud and money laundering.

It is also worth keeping up to date with news on crypto regulations, with the space seeing heightened interest from authorities and governments in the last 18 months.

Methodology

How We Analyze and Review Cryptocurrencies

1000+ Crypto Assets Reviewed

300+ Research Hours

14 Key Variables Evaluated

50+ Expert Opinions Examined

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.

Conclusion

Purchasing a good crypto with the most upside is a great way to increase your gains from an investment. It’s often quite risky, so investors need to do thorough research and have a good strategy in order to get massive profits.

Currently, the best high risk high reward cryptos that check the most boxes are Dogeverse, WienerAI, and 5th Scape.

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Alan Draper
Editor
Alan Draper
Editor

Alan is the Editor-in-Chief of Techopedia and is responsible for ensuring all the content is accurate, up to date, and relevant. Alan has previously worked in writing and editorial capacities for several leading websites, such as Business2Community and TechReport.