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 more than 100 cryptos enter the market every day, some crypto coins 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.

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.

1. Pepe Unchained – High-Risk, High Reward Crypto With Own Layer-2 Blockchain

Pepe Unchained is the ultimate high-risk, high-reward meme coin that offers generous staking APY during the presale and brings massive utility to the table. Using its own Layer-2 blockchain, Pepe Unchained solves Ethereum’s scaling issue.

With instant bridging, users can seamlessly move their assets between the Pepe Chain and Ethereum Mainnet. There’s also a dedicated block explorer to monitor transactions on the Pepe Chain.

This meme coin is now in a presale where investors can get $PEPU at $0.00991 apiece. The price will go up every few days, giving early investors the best price. Early investors should consider staking their tokens at a rate of over 125% dynamic APY.

The APY will drop as more tokens are staked, giving early birds the greatest advantage in terms of price and rewards. Learn more about the project by reading the Pepe Unchained whitepaper. Follow Pepe Unchained on X and join Pepe Unchained Telegram channel for the latest updates.

2. Crypto All-Stars – Innovative Crypto Platform for Staking the World’s Best Meme Coins

Crypto All-Stars ($STARS) is a revolutionary high risk cryptocurrency platform that lets users stake multiple meme coins under a single ecosystem. Currently, $STARS, the native token, is priced at $0.0014362 per token on presale. 

Notably, all the staking rewards will be paid out as $STARS, the native currency of Crypto All-Stars. Furthermore, a 3x APY will be provided to those users who already hold a certain amount of $STARS tokens. 

From a total supply of 42.069 billion tokens, 25% will be distributed through the MemeVault. Another 25% of the supply will be distributed as rewards for directly staking $STARS tokens. This innovative staking mechanism can make Crypto All-Stars a highly rewarding investment opportunity. 

The project nears meme coin staking simplification, raising $1.9M in presale. A recent $180K boost includes a $50K whale buy as investors await the unified staking platform launch.

3. Flockerz – Vote-to-Earn Meme Coin Gives Access to its Revolutionary DAO

The next token on our list is Flockerz ($FLOCK), a Vote-to-Earn meme token. In just a couple days since $FLOCK launched on presale, the project has raised more than $300K. At the time of writing, $FLOCK is priced at $0.0055 per token.

Flockerz introduces a unique reward system for its community, offering regular incentives to voters who participate in platform proposals. This approach encourages active engagement and decision-making within the ecosystem.

The $FLOCK token presents an attractive staking opportunity, with potential annual yields reaching up to 7,000%. A significant portion of the total supply, 25%, is earmarked for distribution through staking rewards, underscoring the project’s commitment to long-term holder benefits.

Currently, 20% of the $FLOCK supply is being allocated through the ongoing presale. Interested investors and community members are encouraged to review the Flockerz whitepaper for comprehensive details and join the official Telegram channel to stay updated on the latest developments.

4. Memebet Token – High-Risk, High-Reward Crypto Project With Crypto Loot Boxes

Memebet Token ($MEMEBET) is another high-risk token and the native crypto of the Memebet Telegram casino, which provides exclusive rewards and benefits for users who wager with it.

MemeBet’s Ethereum presale offers instant $MEMEBET token purchases. The casino launches mid-presale, allowing token holders to bet and join the Wagering Presale Airdrop.

The project also has a KYC-free Telegram casino with diverse crypto games and sportsbook. They sponsor Argentina’s football team and provide Crypto Loot Boxes. $MEMEBET tokens are purchasable with various cryptos and bank cards.

Currently, the token can be purchased at a discounted presale price of $0.025, and the project has managed to sell over 6 million tokens so far.

5. Sponge V2 – Latest Meme Crypto Offering Staking Yields

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. 

Once you buy $SPONGE through the widget on the website, your tokens will 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 to a wide range of investors.

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

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

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

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, as well as the newly launched P2E game called ‘Shiba Sharpshooter.’

Investors in the early stages of the presale for the token are offered an attractive staking APY of over 850%, 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 than Ethereum, using BNB might be advantageous later in the presale when the staking APY has decreased substantially.

Doge2014 is a new high risk crypto created to celebrate the 10th anniversary of the original Dogecoin. In Dogecoin’s honor, the Doge2014 token is available in the presale for the same price that Dogecoin traded ten years ago.

The generous staking APY won’t last forever. As more tokens are staked, it will drop, making early staking the most prudent. Another benefit to buying the token in a presale is the low price of $0.0003, which is the same price Dogecoin had 10 years ago.

Doge2014’s tokenomics show the team’s dedication to its community. From the total token supply of 100 billion, 60% is allocated in the presale, and 25% is for staking rewards. This means 85% of all tokens will be distributed to early investors and community members.

Follow Doge2014 on X and join their Telegram group to get the latest updates.

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

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.

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 that is 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.

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

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

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.

10. Ethereum (ETH) — Hugely Popular High Risk Crypto for Builders and Developers

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

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 coins and tokens, including most 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.

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 crypto that checks the most boxes is Pepe Unchained as it offers high staking rewards and has already managed to raise $12 million.

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