Some cryptocurrencies explode upwards when they first list on exchanges, generating potentially huge returns for investors who bought in before the listing. But not every crypto token is successful, so it’s up to investors to find the most promising new tokens before they hit exchanges.
There are several approaches you can take to find new coins before they list. In this guide, we’ll explain the best methods for how to find new cryptocurrencies and highlight some of the best new cryptos to watch for 2024.
Social media can be a terrific source of information about new cryptocurrencies. There are two reasons for this.
The first is that nearly all new crypto projects establish a presence on social media when they first launch a token. You can monitor social media to see what projects are picking up followers and how engaged the project team is with its community.
This is especially important for meme coins. Their success is often directly correlated with the number of followers they have on social media and the quality of their social media content.
The second reason is that many crypto influencers and analysts are on social media, and they’re not shy about sharing their thoughts. Crypto influencers’ purpose is to tell followers about exciting new cryptocurrencies they should check out. The more influencers you follow, the more new coins you’ll hear about.
So, what channels should you follow? Here’s a list of some of the best crypto influencer accounts across different social media platforms:
Data aggregators are platforms that automatically collect data about new crypto projects to help potential investors learn about them. Scanning these aggregators can help you identify new projects as soon as they launch or get more information about a coin that’s about to be listed on exchanges.
Let’s take a quick look at the top data aggregators and what information they provide:
CoinSniper is one of the best aggregators to find crypto presales. It offers a simple list of ongoing presales with information like when they launched, how much they plan to raise, and whether their smart contracts have been audited.
CoinGecko is a platform that tracks the market cap and trading activity of thousands of cryptocurrencies. It has a “New Cryptocurrencies” section that highlights small-cap projects, many of which are only available on decentralized exchanges (DEXs).
ICOBench is another aggregator platform that tracks upcoming initial coin offerings (ICOs). It’s a useful tool to find projects that are currently offering presales or readying to list on decentralized exchanges.
CoinMarketCap is similar to CoinGecko. It tracks the market cap and fundamental data like circulating supply for thousands of cryptos and has a dedicated section for new coins.
Crypto News Sites
They typically don’t provide much information about unlisted crypto projects. However, they can provide useful context about how the crypto market is performing overall and what types of coins are hot.
Online crypto forums like Reddit and Bitcoin Talk offer a space for crypto investors to come together and share their thoughts. These are great spaces to ask what new tokens others are excited about or to get feedback from other crypto investors about a new token you’re thinking about buying.
Reddit in particular is a great place for finding new cryptocurrencies. There’s an r/Cryptocurrency subreddit for general crypto discussion, plus an r/CryptoMoonShots subreddit dedicated entirely to discussing new tokens that could see huge pumps after listing.
Blockchain Analysis Platforms
Blockchain analysis platforms analyze on-chain data to determine important information about new tokens, such as:
- How many unique wallets are holding the tokens
- The total value locked to the project
- How much trading volume is happening across decentralized exchanges
Popular analysis platforms include DEXTools and DefiLlama.
DEXTools is a great resource because it tracks top gainers and trending cryptocurrencies across the market. So, you can easily spot tokens that just listed and are about to shoot upwards.
DefiLlama specifically focuses on DeFi-related projects. It enables you to see how many people are using a DeFi coin, what fees it’s generating, and how the broader DeFi ecosystem is performing.
Why Invest in New Cryptocurrencies Before Listing?
Now you know how to find new cryptocurrencies before listing—but why should you look for them in the first place? There are several major potential benefits to investing in new cryptocurrencies before they hit exchanges.
Potential Price Appreciation
The number one reason why many crypto investors search out new tokens is because they have the potential to explode upwards in price. Just look at meme coins like Pepe, which shot up more than 10,000% shortly after listing on centralized exchanges. Many new tokens have followed a similar trajectory, especially if they list on Tier-1 exchanges like Binance.
There’s no guarantee that new tokens will gain value. But successful tokens can experience 10x gains or more. Investors in established cryptocurrencies like Bitcoin and Ethereum cannot expect to find returns like this.
High Staking APYs
Many new cryptocurrencies offer higher staking rewards rates, in terms of APYs, before they launch on crypto exchanges than after. This is because before tokens launch, investors are taking more risk by buying and holding the token. Higher staking APYs compensate for this extra risk.
It’s not uncommon to see APYs in the range of 100-400% for presale cryptos. In contrast, tokens on exchanges rarely offer more than 75% APY, and many offer much lower staking rates.
Access to New Features
Some new utility tokens promise exclusive features for early investors in the project. For example, investors might get lifetime access to a software tool or the ability to buy NFTs before they go on sale to the public.
Early or exclusive access to these utility features can be a big draw to investors considering a new cryptocurrency.
Some cryptocurrencies offer purchase bonuses during their presales. For example, investors in a presale might get 25% more tokens that they pay for as a thank-you for being an early investor. This reduces the effective price of a token and increases the potential price gains that a token holder will earn if the coin is successful.
How to Pick Which New Cryptos to Buy
There’s more to investing than just knowing where to find new cryptocurrencies. It’s also important to know how to choose which new tokens to buy and which ones to avoid.
Here are some of the key things to consider:
- Roadmap: A project’s roadmap should lay out concrete development milestones and a realistic timeline for achieving them.
- Project team: Look for project teams that are fully doxxed and have experience launching successful crypto projects.
- Use case: A crypto project should have a clear use case and audience. It should fill a need and create long-term demand.
- Engagement: Projects should have strong community engagement. Look for a large number of wallets holding a token and a growing following on social media.
- Tokenomics: A cryptocurrency’s tokenomics should be fair to token holders. The coin should maintain its value over time and encourage long-term holding.
- Smart contract audit: New projects should have their smart contracts audited by a third-party service like CertiK.
How to Buy New Crypto Coins
Let’s take a closer look at the different ways to buy new crypto before listing on Binance and other popular exchanges.
Invest in Crypto Presales
One of the easiest ways to buy new crypto tokens is to invest in crypto presales. Presales are private offerings of a new token directly by a project, rather than through an exchange.
Many crypto projects offer their tokens on presale at a discounted price to their planned exchange listing price. This means that investors can earn unrealized gains on a new crypto even before it lists.
The drawback to investing in a crypto presale is that until the token lists, there’s typically no way to sell it. So, investors are committed to trusting the project team and holding until an exchange listing.
To join a crypto presale, you must connect a crypto wallet to the project’s presale site and swap cryptocurrency (usually ETH or USDT) for the new token. Purchased tokens can sometimes be staked, but you won’t be able to claim them and add them to your crypto wallet until the presale ends.
Watch out for scams when investing in crypto presales. While many projects are legit, there have been instances of rug pulls in which a project simply collects crypto from investors and then disappears.
Participate in ICOs
ICOs, or initial coin offerings, are launches of new crypto tokens on centralized exchanges. Exchange users can typically apply to join ICOs and purchase a set amount of a token before trading begins.
This enables users to lock in tokens at a fixed listing price. Some ICOs have lock-up periods, meaning that investors cannot sell their tokens right away. Other ICOs allow users to buy a new token and then sell it on the exchange immediately if they want to.
Most major centralized exchanges hold ICOs, including Binance, OKX, LBank, Gate.io, and others.
Join IEOs, IDOs, and STOs
Other types of token launches include Initial Exchange Offerings (IEOs), Initial DEX Offerings (IDOs), and Security Token Offerings (STOs).
These launches all operate similarly to ICOs, with some important differences. IEOs can be on either centralized or decentralized exchanges, while IDOs are always on decentralized exchanges. STOs involve tokens that are securities rather than true cryptocurrencies.
3 New Cryptocurrencies to Watch in 2024
To jumpstart your search for new cryptocurrencies, let’s take a look at 3 of the best new cryptocurrencies we’re watching in 2024.
SPONGE V2 – New Meme Coin Building on 100x Success of Previous Version SPONGE V1
SPONGE V2 is an updated version of the SPONGE meme coin, which exploded nearly 100x after it listed in May 2023. The new token promises to build on that legacy with even bigger gains.
SPONGE V2 plans to achieve those gains by listing on Tier 1 exchanges like Binance and OKX. Binance recently listed similar meme coins, so a SPONGE listing could be close.
The project also plans to launch a P2E game that will increase demand for SPONGE and boost community engagement.
The only way to get SPONGE V2 is to buy SPONGE V1 and stake it to bridge to the new version. For a limited time, new investors will get a 100% purchase bonus in V2 tokens.
Bitcoin Minetrix – Stake-to-Mine Token Making Bitcoin Mining More Accessible
Bitcoin Minetrix is a new utility token that makes Bitcoin mining easier and more accessible than ever before. With Bitcoin Minetrix, users can stake $BTCMTX tokens and earn ERC-20 mining tokens. They can then spend those tokens to purchase mining hashpower in the cloud and mine Bitcoin.
This project provides an alternative to the current cloud mining landscape, which offers little transparency and requires miners to send tokens to third parties—a huge risk. Bitcoin Minetrix provides its own mining software too, making it very beginner-friendly.
Bitcoin Minetrix is currently available through a presale. The project has raised more than $10.2 million so far, showing just how excited the community is about this project.
Meme Kombat – Meme Project Bringing Top Memes Together in Virtual Combat
Meme Kombat is a unique meme project that’s bringing together the most popular memes in a virtual Battle Arena. Memes like DOGE, SHIB, PEPE, Wojak, and others can battle it out to see once and for all which meme is the true winner.
Meme Kombat enables anyone who holds the project’s $MK token to place bets on these battles. Winning bets earn additional $MK.
In addition, token holders have the option to stake $MK and earn generous rewards. During the presale, the project is offering up to 115% APY.
Meme Kombat has already raised more than $8.1 million during its presale, but there’s still time for investors to join.
Learning how to find new cryptocurrencies takes practice and an eye for what tokens are most promising. It’s a good idea to start your search on social media, data aggregators, and news sites.
Once you find a new token you like, be sure to do your research to make sure it has explosive potential, is legitimate, and offers some sort of utility.
How do I find the newest cryptocurrencies?
How do I choose new cryptocurrencies to buy?
Where can I get tips on new cryptos?
- Reuters.com – Cryptoverse: Every frog has its day as pepe pops 7,000%
- CoinDesk.com – Crypto Rug Pulls: What Are They & How to Avoid Them
- Deloitte.com – Security token offerings: The next phase of financial market evolution?