As we approach the end of 2023, investors are looking for the best rising cryptocurrencies to buy and hold for a Christmas rally and strong performance into 2024.
Our curated list includes a mix of old and new crypto projects which could offer growth potential in the mid to long-term.
Rising Cryptocurrency Projects Reviewed
From recently launched crypto presales to already released tokens, we cover a variety of projects worth adding to your watchlist:
Bitcoin Minetrix – Emerging Crypto Tokenizing Cloud Mining
Bitcoin Minetrix ($BTCMTX) aims to reduce the entry barrier for mining tokens, while offering more transparency and autonomy to users. This revolutionary new platform leverages the power of blockchain technology to decentralize cloud mining.
The concept of cloud mining allows individuals to get rented mining times from centralized corporations. However, this space is full of scams that make it unsafe for investors. Bitcoin Minetrix is solving this problem by decentralizing the cloud mining process.
Investors can buy and stake $BTCMTX – the project’s native token, on an Ethereum-powered smart contract. Staking tokens allow you to acquire cloud mining credits. These credits are earned in the form of ERC-20 tokens and are stored in the blockchain. Thus, they cannot be duplicated or stolen.
Investors can burn their credits to generate Bitcoin cloud mining power. With the mining power, you can earn allocated mining times and generate a portion of cloud mining revenues. Thus, any individual can start earning without making a heavy investment.
From a 4 billion token supply, Bitcoin Minetrix has allocated 2.8 billion tokens for its ongoing presale. The presale will run for 39 rounds, with the price going up per round. At the time of writing, $BTCMTX is priced at just $0.0123 per token. The price will jump to $0.0148 by the final round.
Through the staking mechanism, investors can also generate annual yields up to 108%. Due to all these multiple use cases, Bitcoin Minetrix has raised over $5 million since the beginning of the presale at bitcoinminetrix.com.
Sponge V2 – Upgrade To One Of This Year’s Top Meme Coins
Meme coins have been the standout performers of this year and that trend looks set to continue into 2024 with meme crypto assets like Bonk being accepted onto Coinbase and Binance.
Sponge (SPONGE), which has been listed on MEXC, Gate.io, Bitget and other CEX and DEX platforms, was one of the top performers of early 2023 – rising over 40x following its IDO on Uniswap. Recently its official Twitter announced Sponge will be bridging to Sponge V2, set to become the native token of its upcoming Sponge game app.
While not yet listed on exchanges, Sponge V2 can be earned via staking Sponge V1 tokens on the project’s website, sponge.vip.
Currently the APY for staking this crypto is one of the highest yield rates in the meme coin market – over 1,000%. So far over 1.2 million tokens and rising have been locked in the staking pool.
Join the official Sponge Telegram channel to join the community and receive the latest updates on its P2E game.
Meme Kombat – New Meme Crypto Offering Staking and Wagering Rewards
Meme Kombat ($MK) is a meme cryptocurrency that offers genuine utility to investors. At the center of its ecosystem is a virtual battle arena – generated using artificial intelligence.
This virtual ecosystem will feature a number of meme coin characters fighting against each other. Players can pick their avatars and start battling on this play-to-earn ecosystem. The battle arena will be released in different seasons – allowing the project developers to add more characters, earning opportunities, and gameplay.
According to the Meme Kombat whitepaper, the first season of the battle arena is scheduled to release after the $MK presale ends, and the platform launches. On the battle arena, players can also wager their $MK tokens and bet on the live matches.
For instance, you can access the Player vs Player gaming mode and wager on the outcome of the battle to earn more rewards. Similarly, tokens can be wagered when fighting against the CPU.
This multi-utility token can also be staked to earn passive income. At the time of writing, staking $MK will earn you up to 140% in annual staking yields. However, as more tokens are staked on the ecosystem, the rewards will decrease.
Meme Kombat has a low supply of just 120 million tokens – half of which have been allocated for the presale at memekombat.io. So far, the presale has raised more than $4 million out of a $10 million hard cap target.
Another 30% of the token supply will be allocated through staking rewards, while 10% will be offered through community rewards. Join the Meme Kombat Telegram channel to find out more about this new meme project.
ApeCoin – Get Access to a Community DAO with this Meme Coin
Making a comeback to rise up in the charts in recent weeks is ApeCoin (APE), up over 12% in the past month.
$APE remains one of the most popular meme cryptocurrencies, created by the makers of BAYC (Bored Ape Yacht Club) – one of the biggest NFT collections in the world.
An integral part of this platform is the APE foundation – the base layer on which projects can be created leveraging the $APE token. Platform-related decisions are taken by members of the APE DAO (Decentralized Autonomous Organization). Token holders can leverage their holdings to join the DAO – and make integral decisions to move the platform forward.
After launching in March 2022, ApeCoin soared to an all-time high of $26.70 the following month. The project has faced a lot of volatility after reaching those highs – and is currently trading around the $1.63 mark.
We rate APE one of the best rising cryptocurrencies to watch with its slow and steady progress over the past month, which has also been matched by the floor price of Bored Ape NFTs, currently at 26 ETH.
Pepe – New Meme Cryptocurrency that has Experienced Explosive Growth
After launching in early 2023, Pepe took the crypto markets by storm by becoming one of the fastest growing assets. This rising cryptocurrency has been named after the popular ‘Pepe the Frog’ meme – which made it a virtual sensation this year.
$PEPE reached an all-time high market cap of close to $2 billion in mid 2023 following its listing on Binance, and while the price has retraced deeply since then, Pepe still boasts a market cap of more than $500 million.
Now that other meme tokens such as Bonk (BONK) have begun to pull back, Pepe could be a potential investment opportunity for high-risk takers betting on it to rise back up the meme coin charts. Currently Pepe is up 12% in the past month.