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What is the best new crypto to invest in?

What is the best new crypto to invest in?

Rather than holding a fraction of a Bitcoin (BTC), investors often explore new cryptocurrencies with lower market caps and unit prices per coin and token, aiming for increased growth potential. While this strategy can be rewarding, it comes with numerous risks.

Not every recently launched cryptocurrency will thrive in the mid to long term. Finbold evaluated some of the most promising projects in the crypto space based on their performance, attracting significant interest from early investors.

This list of recommended new cryptocurrencies encompasses a range of niches, from meme coins to more fundamentally sound blockchain projects and more that have been launched within the last year.

Pepe (PEPE)

Pepe (PEPE) emerged in the second quarter of 2023 and swiftly rose to prominence as one of the leading altcoins in the meme coin ecosystem. In early June 2023, when Pepe first appeared on CoinMarketCap, its price was around $0.0000001. However, as of today, December 6, 2023, Pepe’s ROI since its launch is approximately 15,640%.

Distinguished by its deflationary mechanism and no-tax policy, Pepe’s ascent can be attributed to its unique features. The constant reduction in total supply, thanks to a consistent token burn, sets it apart.

At press time, the PEPE price was trading at $0.000001564, representing a price decrease of -3.40% in the last 24 hours compared to a substantial 42.95% surge over the past 7 days. This digital asset added 32.18% to its value in the previous month, according to data from December 6.

Pepe 30-day price chart. Source: CoinMarketCap
Pepe 30-day price chart. Source: CoinMarketCap

Sei (SEI)

Introduced in August, Sei (SEI) has rapidly gained momentum due to its emphasis on speed and minimal transaction costs. With the addition of USD Coin, the network is now potentially positioned for accelerated growth.

On November 15, the layer-1 blockchain Sei unveiled a significant integration with Circle’s USDC stablecoin, marking the latest positive development for the platform.

Circle’s investment enables the seamless integration of the leading stablecoin, USDC, onto the Sei blockchain. This strategic move is set to substantially enhance Sei’s capabilities and attractiveness, especially within decentralized finance (DeFi) applications.

At the time of writing, Sei was priced at $0.2799, representing a decrease of -3.73% in the past 24 hours, contrary to the gains made over the previous 7 days that amounted to 5.39%, with a further impressive increase in the price of 128.41% in the past 30 days.

Sei 30-day price chart. Source: CoinMarketCap
Sei 30-day price chart. Source: CoinMarketCap

Sui (SUI)

Launched in May, Sui (SUI) seeks to enhance its scalability while maintaining security by blending the native programming language Move, parallel transaction processing, and a delegated proof-of-stake consensus mechanism.

Through a collaboration with SxT’s data warehouse and zero-knowledge proof tools, Sui developers now have effortless access to off-chain data, enabling the creation of next-gen decentralized applications (dApps) with unparalleled security and analytics. This partnership hints at exciting advancements, drawing innovative developers to leverage Sui’s capabilities.

It has recently surged beyond $170 million in total value locked (TVL), according to data from DefiLlama on December 6. 

Given its significant growth potential and only 528 million tokens out of a total supply of 10 billion currently in circulation, the upward momentum in SUI’s rally is logical. The Sui Foundation holds 50% of ecosystem development, early contributors possess 20%, and 30% is community-owned. As adoption expands, the constrained supply is expected to contribute to the continued ascent of SUI.

This digital asset is currently priced at $0.6176, showcasing a decrease of -1.82% in the past 24 hours, contrary to the gains made on the weekly chart that add up to 4.79% and a 16.10% increase in the past 30 days.

Sui 30-day price chart. Source: CoinMarketCap
Sui 30-day price chart. Source: CoinMarketCap

With these digital assets showcasing strong performance in the recent period, coupled with high market capitalization and trading volume, it is essential to remember that the cryptocurrency market is highly volatile, and caution is advised as investors should conduct a thorough investigation when allocating their resources.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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