With tens of thousands of cryptocurrencies in existence, finding hidden gems among low market-cap coins represents one of the most profitable investment strategies.
While higher-cap cryptos like Bitcoin and Ethereum tend to generate buzz, undiscovered tokens offer higher risk but exponentially greater reward potential.
Below are seven of the best low-cap cryptos to buy now before they potentially skyrocket in 2024.
1. Sponge V2 (SPONGEV2)
Topping our list of the best low-cap cryptos to buy is Sponge V2 (SPONGEV2), the next-gen version of the super-popular SPONGE meme coin.
SPONGE produced enormous returns for investors in 2023, and the creators are back with an improved version for the sequel release.
Sponge V2 offers play-to-earn (P2E) functionality and high staking rewards designed to incentivize long-term holding.
The enthusiastic community rallied behind the original Sponge token, and Sponge V2’s creators hope a similar scenario plays out here.
Over $4.3 million worth of SPONGE has been staked in the recently released Stake-to-Bridge protocol, which converts tokens to SPONGEV2.
Although SPONGEV2 hasn’t yet been released on the open market, many are touting this low-cap token as one of the must-watch cryptocurrencies of early 2024.
2. Bitcoin Minetrix (BTCMTX)
Next up is Bitcoin Minetrix (BTCMTX), a trending presale project that has amassed over $8.6 million in funding.
Investors have been piling into the BTCMTX presale to snag tokens for $0.0129, which is expected to be a discount on the eventual exchange listing price.
More than 17,900 people are also following Bitcoin Minetrix’s Twitter account as the buzz ramps up around the platform’s features.
The main feature is a first-of-its-kind Stake-to-Mine system, where users can stake BTCMTX tokens to earn cloud mining power – which can then be used to mine Bitcoin.
Naturally, this removes many of the barriers to entry that block everyday investors from participating in the mining sector.
With interest in crypto mining expected to rise ahead of the next BTC halving, Bitcoin Minetrix looks well-placed to capitalize on the growing demand for mining opportunities.
Visit Bitcoin Minetrix Presale
3. Meme Kombat (MK)
Meme Kombat (MK) is a soon-to-be-released meme coin that implements staking rewards and gaming opportunities.
The coin’s flagship feature is a virtual battle arena where users can bet on fights between hilarious characters like Pepe the Frog and Wojak.
Users can also stake their MK tokens to earn yields of 136% per year.
Meme Kombat’s development team, led by crypto entrepreneur Matt Whiteman, has been working hard to prepare the project for a launch early this year.
However, the Meme Kombat presale is still ongoing, with investors offered one final chance to buy MK tokens for $0.279 before they are listed on Uniswap.
Given the continued interest in low-cap meme coins, Meme Kombat could be an exciting project to watch in the coming months.
4. Prosper (PROS)
Another low-cap crypto with a focus on building real-world utility and value is Prosper (PROS).
Prosper aims to transform prediction markets by using the wisdom of crowds.
It operates as a non-custodial cross-chain prediction platform, allowing users to forecast events and earn rewards for accurate guesses.
Backed by Web3 giant Animoca Brands, Prosper combines the power of Ethereum with liquidity aggregation technology and on-chain oracles.
With its native utility token, PROS, having a market cap of only $16.1 million, there’s enormous room to run if this project hits the mainstream.
5. Magic Square (SQR)
Magic Square (SQR) is the first decentralized app store for Web3, combining the functionality of traditional app platforms with the security of blockchain technology.
Users can seamlessly discover and use leading dApps in areas like DeFi, NFTs, and gaming through features like its Magic Store, Spaces, and Connect.
Backed by major VCs like Binance, the Magic Square platform has shown impressive growth recently.
Its native token, SQR, is now valued at $0.706 and boasts a market cap of $23.4 million.
If Magic Square can succeed as the go-to hub for the next generation of crypto apps, the low-cap SQR token could be in line for a significant price increase.
6. Inspect (INSP)
Inspect (INSP) is a leading Web3 social intelligence provider specializing in actionable analytics on NFTs, tokens, and other on-chain assets.
The rise of Web3 has made the environment complex for newcomers to understand – and Inspect aims to make sense of it all through its value-driven features.
Integrated across social platforms and equipped with user-friendly tools like browser extensions, Inspect helps investors and developers excel in the Web3 environment.
Inspect’s native token, INSP, is now tradable on an array of top-tier exchanges, including KuCoin, Bybit, and MEXC.
Moreover, with a market cap of just over $50 million, INSP has the potential to capitalize on the growing interest in Web3 technologies.
7. Neon EVM (NEON)
Rounding off our discussion of the best low-cap cryptos to buy now is Neon EVM (NEON).
Neon EVM is an innovative scaling layer enabling developers to deploy EVM-based dApps natively on the fast and efficient Solana blockchain.
By creating an interoperable environment between the two chains, Neon EVM can offer developers the best of both worlds.
Already able to handle 2,000 transactions per second (TPS), many believe Neon EVM could reshape the Web3 environment.
Additionally, the native NEON token is up 62% in the past 30 days – and could be yet another under-the-radar token primed for an exciting 2024.
