Top Crypto to Watch This Bull Market Season

Embarking on 2024, the crypto market is charged with enthusiasm and anticipation, fueled by Bitcoin’s impressive surge of over 200% in the last 12 months. As the industry sees the approval of spot Bitcoin ETFs, experts expect trillions of dollars entering the market this year. As a result, we can see the stage all set for an intriguing bull cycle in 2024.

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In tandem with Bitcoin’s ascent, the decentralized finance (DeFi) sector experienced significant growth. Notably, the total value locked (TVL) surged from approximately $38 billion to surpass $54 billion in 2023. While this marks substantial progress, defi’s TVL remains below its 2021 peak, hinting at potential room for further expansion.

The increased blockchain activity and rising TVL in DeFi suggest a favorable environment for new crypto to watch in 2024. As retail and institutional investors re-enter the digital asset markets, these fresh tokens stand to benefit from substantial liquidity and attention. Amid the resurgence, the crypto space is witnessing the emergence of new projects.

In this article, we delve into five new crypto to watch closely during this bull run. These selections are not arbitrary; they have already cultivated robust communities, secured substantial funding from reputable venture capitals (VCs), amassed significant followers, and, notably, have confirmed their token launch plans for 2024.

As the crypto landscape evolves, these projects present compelling narratives that could gain momentum. Therefore, they contribute to the overall excitement and dynamism within the cryptocurrency sphere.

Overview of the Next Crypto to Watch in 2024

1. Dreamcars: Dreamcars introduces the world’s first blockchain-based platform for buying, selling, and trading luxury cars. It offers a fresh opportunity to own shares of high-end vehicles while earning monthly income in USDT from car rental.

Crypto to Watch in 2024: Detailed Review

As the bitcoin halving approaches, now is the time for investors to position themselves strategically and seize the opportunities that lie ahead. If you are looking for in-depth research on the next crypto to watch, you are in the right place.

By reading the below insights, investors can take a closer look at some of the potentially profitable crypto projects listed above. This includes projects’ key features, tokenomics, use cases, etc.

DreamCars: A New Era of Luxury Car Ownership

DreamCars redefines luxury car ownership through fractionalization, allowing users to purchase fractions of super cars like Ferrari, Lamborghini, Rolls Royce, Bentley, and Porsche. This innovative approach democratizes access to luxury cars, making it possible for more people to own a piece of their dream car without the hefty price tag.

Key Features

Dreamcars makes earning income from luxury rental cars easy with crypto. You can own a fraction of high-end cars from prestigious brands like Mercedes-Benz, Porsche, Bentley, Rolls-Royce, Ferrari, and Lamborghini. Each car is divided into digital shares and tokenized as an NFT, securely storing key details such as the car’s serial number, ownership records, and purchase agreement. Ownership starts at just $10, making it accessible to everyone.

• Passive Rental Income: Earn USDT each month from car rentals, with income distributed on the 1st of every month based on the number of shares you hold.

• Improved Liquidity: Use your car shares to secure loans through our liquidity protocol, giving you easy access to funds while maintaining full ownership.

• Digital Authenticity: Each rental car is divided into shares and tokenized as NFTs, ensuring full authenticity and transparency with details like the car’s serial number and ownership records stored in the smart contract.

• Community-driven: Dreamcars opens the door to luxury car ownership, making it accessible to millions of car enthusiasts, not just the wealthy. Now, anyone with a passion for high-end vehicles can own a piece of the dream.

Tokenomics and Presale Details

Dreamcars’ native token, DCARS, is not a meme token; it is backed by a real business. The total supply of DCARS is 100 million, with 50% allocated for the presale.

The exchange listing price is set at $0.03, while the presale price is $0.0105, offering early investors the potential for significant gains as the project progresses.

Dreamcars has already reached 73% of its minimum presale goal, with nearly 600 participants. This strong presale performance underscores the project’s potential and investor confidence.

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Cryptos Expected to Grow Massively in 2024

In the dynamic landscape of the crypto market, investors are actively seeking promising opportunities with the potential for substantial returns. Two standout cryptocurrencies have demonstrated the promise of noteworthy growth in the years ahead.

Leading Digital Currencies

• Bitcoin (BTC): As the pioneer of cryptocurrencies, Bitcoin remains at the forefront in terms of market capitalization and widespread adoption. Despite its inherent volatility, Bitcoin has established itself as a reliable store of value, often considered a safeguard against inflation. With a finite supply and increasing institutional acceptance, Bitcoin is primed for sustained growth in the foreseeable future.
• Ethereum (ETH): Holding the position of the second-largest cryptocurrency by market capitalization, Ethereum presents a compelling investment case. Its blockchain technology facilitates the creation of decentralized applications and smart contracts. The native token, Ether, fuels transactions on the network and has exhibited substantial value growth. Ethereum’s ongoing development and expanding developer base contribute to its potential for further growth.

Altcoins Gaining Momentum

For investors exploring altcoins with significant potential, considering projects offering innovative solutions to real-world challenges is paramount.

• Solana (SOL): Positioned as a high-performance blockchain, Solana boasts a remarkable processing capacity of over 50,000 transactions per second. The platform’s appeal lies in its low fees and rapid transaction speeds, making it an attractive choice for developers engaged in decentralized application creation.
• Polkadot (DOT): Emerging as a prominent altcoin, Polkadot operates as a multi-chain network facilitating interoperability across diverse blockchains. The unique architecture of Polkadot allows for the development of specialized blockchains capable of seamless communication. This opens up new avenues for decentralized finance and various applications.
• Our list: As the crypto market enters a new bull run, investors are also advised to explore upcoming technologies and associated tokens. The projects mentioned above, including their presales, offer opportunities for substantial profits in the later stages of this bullish cycle.

Exploring Catalysts for the Next Crypto to Watch

The cryptocurrency market, characterized by its rapid evolution, is influenced by a myriad of factors that can shape the future of promising cryptocurrencies. The upcoming Bitcoin halving event stands out as a pivotal moment historically associated with heightened market activity. 

Concurrently, the recent approval of spot Bitcoin ETFs in the United States has unleashed significant capital, further contributing to the emergence of promising tokens in the crypto landscape.

Here are some of the key factors fueling bullish movements:

• Increasing Demand from Buyers: A surge in market demand, driven by an influx of buyers, naturally results in price surges. This sets the stage for identifying the next crypto to watch, as heightened demand often signifies positive market sentiment.
• FOMO (Fear of Missing Out): Market dynamics influenced by the Fear & Greed Index play a crucial role. The fear of missing potential profits prompts individuals to enter the market, amplifying buying pressure and contributing to the growth of specific cryptocurrencies.
• Innovation News and Events: Positive developments and events related to specific cryptocurrencies can trigger broader price increases. Ongoing innovation in the crypto space, coupled with the launch of new projects, serves as a key factor driving significant surges.
• Bulk Investments by Crypto Whales: Large-scale investments by influential entities, commonly referred to as “crypto whales,” wield considerable influence over prices. Their strategic investments create heightened demand for particular cryptos to watch in the current year.
• Bitcoin Halving: The cyclical Bitcoin halving events, occurring approximately every four years, have historically led to new all-time highs for BTC. With the upcoming halving in April 2024, investors can anticipate potential market patterns, marking the commencement of the next crypto bull run. This event is expected to fuel the growth of new tokens deserving of close attention from investors.

How To Select The Top Crypto to Watch This Bull Run

Cryptocurrencies stand out among speculative assets due to their wide-ranging promise, high-volatility, and potential for rapid ascent or collapse. While some cryptocurrencies display clear-cut potential and are poised for a bright future, others require a bit more research.

If you want to pinpoint the most promising crypto to watch in 2024, you need to go beyond the surface to distinguish substance from hype. This involves a comprehensive examination of the buzzing crypto tokens in the market.

Discovering new coins is simplified through platforms like CoinGecko, CoinMarketCap, and CoinList, supplemented by social media channels like Reddit and Twitter. However, merely catching sight of a coin is just the beginning. A thorough investigation and due diligence process is essential.

Key indicators of promise include a transparent and public team, a robust social media presence, and a meticulously crafted roadmap and whitepaper.

Conversely, warning signs include an anonymous team, incomplete or poorly presented online presence, and susceptibility to social media bots and spam. The next step involves narrowing down the selection to the most robust options, constituting our curated list of the top crypto to watch this year.

Here are some of the filters you can use to select the top crypto to watch this bull run:

Monitor Crypto-Based Platforms

The first thing to consider is where to look in order to find the next crypto to watch. While guides like ours can help, investors should also expand their research to other platforms to learn more about new crypto tokens.

• Explore crypto aggregators like CoinMarketCap and CoinGecko.
• Check dedicated crypto presale sites like CoinSniper, Pinksale, and presale Drops.
• Stay connected on social media platforms like Twitter, Facebook, Reddit, and Quora.

Use Social Media

Using social media to find the next crypto to watch is a fruitful strategy for many investors. Multiple major platforms share their favorite projects from time to time, suggesting the best ones to their followers.

• Leverage platforms like Twitter and Reddit for real-time insights into project progress.
• Participate in Discord groups for updates and discussions.

Note: Investors should not blindly follow such forums. It is essential to do background research in order to understand the viability of the project. 

Crypto Presale Calendars

Using token presale calendars proves to be an excellent method for discovering the next promising crypto tokens. Typically, these calendars provide an initial overview of the industry, start and finish dates, blockchain, and the anticipated fundraising amount for the presale campaign. From there, users can delve deeper into each token to access more detailed information.

• Utilize presale calendars from sites like CoinCodex to find the next crypto to watch and invest in early-stages.
• Filter calendars based on preferences such as blockchain type or presale stages.

Research the Project

The absence of quantifiable data makes it challenging to determine if a new project stands on the list of the best crypto to watch in 2024. After all, there are plenty of crypto scams out there.

This is why research plays a crucial role in every investment decision.

After creating a shortlist of the best crypto to invest in, it would be wise to do an analysis of what the project is about.

• Review the project’s whitepaper and roadmap for insights into longevity and goals.
• Examine the tokenomics section for details on distribution and fund allocation.
• Consider what the unique value proposition of the project is and why it would make a compelling opportunity.

Look Into the Development Team

The team behind a crypto project is one of the important aspects that will determine its longevity. In essence, reliable crypto tokens have experienced team members who are knowledgeable about the respective industry.

• Investigate the experience of the team members in relevant industries.
• For meme coins with anonymous developers, scrutinize other project aspects like audits and utility.

Focus on Project’s Social Media

Today, social media platforms and online forums have the power to make or break a cryptocurrency. The case of Dogecoin is specifically a perfect example of this. The price of this token was boosted by Elon Musk’s tweets and discussions on subreddits.

Given this, investigating the project’s social media can be considered a valuable source that can help investors spot the next crypto to watch.

• Social media follower numbers can easily be manipulated using spam bots.
• Verify follower numbers and engagement to ensure authenticity.

Check Liquidity

In addition to conducting thorough due diligence, understanding token liquidity is a crucial but often neglected aspect newcomers should look into while selecting the next crypto to watch.

It’s possible to acquire a token without realizing that selling it during a lockup or vesting period may not be possible. This situation leaves investors with tokens they cannot sell until after a specified duration.

• Understand token liquidity, considering lockup and vesting periods.
• Investigate vesting periods, ensuring tokens are tradeable and available on liquid markets.

Identify Emerging Trends

Staying abreast of the latest trends through the top crypto platforms is crucial for investors seeking substantial returns in the market. Similar to other asset classes, the crypto space experiences cycles of interest.

In its early years, the focus was on blockchain capabilities, followed by DeFi products and Layer 2 solutions. During the last bullish cycle, concepts like Web3 gaming and NFT-related projects also gained significant traction.

• Recognize the cyclical nature of crypto interest, spanning from blockchain capabilities to DeFi and beyond.
• In 2024, artificial intelligence coins have gained traction, indicating a shift in focus.
• Anticipate upcoming trends that could dominate the market.

Regulatory Landscape

The regulatory environment plays a pivotal role in shaping the fate of a cryptocurrency. It’s crucial to delve into the regulatory landscape surrounding a particular project and assess how potential changes might impact its value.

For instance, heightened regulatory scrutiny can cast a shadow over a cryptocurrency, negatively affecting its growth potential. Evaluating the regulatory framework provides insights into both risks and opportunities associated with crypto.

Market Trends and News

Staying abreast of market trends and news is equally essential. The dynamic nature of the cryptocurrency industry demands constant vigilance to identify potential opportunities and risks.

Key events such as regulatory shifts, strategic partnerships, and significant technological advancements can sway the fate of a cryptocurrency. Additionally, understanding broader market trends and sentiments is vital, given their direct influence on the demand for a crypto to watch.

By employing these strategies, you can navigate the crypto landscape and make informed decisions when identifying the next crypto to watch for potential investment in 2024.

Mitigating Risks in Crypto Dynamics

Determine the amount you want to invest by evaluating your financial capacity and considering the possibility of loss. Given the market’s inherent volatility, it’s important to only invest what you can afford to lose.

Risk Tolerance

Assessing your risk tolerance is a critical factor in determining your crypto investment strategy. Understanding how much risk you can bear helps shape decisions such as the amount to invest in a coin and the type of coin to consider, considering the varying volatility across different cryptocurrencies.

Type of Investor

Identifying your investor profile is the next step in finding the best crypto to watch. Are you a short-term player aiming to capitalize on market fluctuations, or a long-term investor with a patient outlook? This categorization significantly influences your selection, as new projects may align better with short-term goals, while established ones might be more suitable for long-term aspirations.

Portfolio Diversification

Opting for diversification in your investment or committing an amount within your risk tolerance is a wise approach. Keep in mind that the best crypto to watch may not necessarily be the cheapest. Despite the volatility, the fractional purchase option in crypto allows flexibility, making even high-value assets like BTC feasible for your investment strategy.

How Do We Choose the Best Crypto to Watch

TheCoinrise regularly updates the best crypto to watch list above and adjusts their order depending on the following rating criteria:

• Current market trends – As mentioned above, some of the most trending crypto narratives and asset classes are artificial intelligence, meme coins, crypto mining, GambleFi, and the launch of a spot Bitcoin ETF.
• How early a presale is in its roadmap – It is often advantageous to invest early if there are incremental token price increases that afford the earliest investors a discount and an initial ROI at launch.
• Staking rewards – In some cases, new crypto to watch offers a high annual percentage yield (APY) that allows early buyers to compound their returns.
• Team information and audit – Having a good founding team and completing a smart contract audit with a reputable company lend credibility to a project.

How to Buy Crypto in a Presale

Buying cryptocurrencies through presales is a fruitful way to invest in fresh projects inj the market. However, the process requires careful consideration and thorough research to identify the most promising projects amidst the plethora of options available. While numerous platforms provide extensive lists of new presale coins, distinguishing the exceptional ones demands time and effort.

Here is a step-by-step guide on how to buy crypto through presales:

Buying via Exchanges

Cryptocurrencies, akin to stocks and exchange-traded funds, trade on specialized platforms known as exchanges. However, not all brokers facilitate cryptocurrency trading, especially for altcoins beyond bitcoin and ethereum.

• Choose a broker or exchange: To start your cryptocurrency investment journey, it’s important to choose a broker or exchange that supports crypto trading. Additionally, popular options include brokers like Robinhood, along with exchanges like Binance and Coinbase.
• Create an account: Once a suitable crypto broker or exchange is identified, creating and verifying a trading account is the next step. This may involve submitting identification documents like a photo ID or bank statement to confirm your identity.
• Deposit Funds and buy tokens: With an active account, you can deposit funds and proceed to purchase your preferred cryptocurrency.

Buying via Project’s Native Website

Alternatively, certain projects generate market excitement by conducting presales on their native websites before listing on major exchanges. This strategy aims to garner initial awareness and liquidity.

• Create a non-custodial wallet: Participating in such presales typically requires a non-custodial wallet, with MetaMask and Trust Wallet being reputable providers.
• Buy BTC or ETH: To acquire tokens, investors must purchase ETH or USDT, obtainable from exchanges or directly through MetaMask, bearing in mind associated gas fees.
• Connect the wallet to the presale platform: Next, you would need to connect the wallet to the presale platform and confirm the purchase details.

This comprehensive guide aims to simplify the process of engaging with cryptocurrency presales, offering insights into both exchange-based and project-native purchasing methods. Explore the diverse avenues and seize the opportunity to invest in the most promising crypto to watch this year.

Conclusion

By conducting thorough research and employing a strategic investment approach, one can make promising gains with both established and emerging cryptocurrencies. However, vigilance in monitoring the altcoin market is paramount for investors seeking to find the best crypto to watch this year.

The proactive approach is necessary to stay abreast of emerging opportunities and evolving trends in the digital asset world. This includes being well-equipped to make informed decisions, strategically selecting cryptocurrencies that align with your financial goals.

As the crypto market continues to exhibit volatility and growth, staying attuned to the nuances and developments within the sector positions investors to navigate the complexities and harness opportunities that may arise in the upcoming bull run.

FAQs

How can I identify promising cryptos to watch?

Research market trends, upcoming events, and innovative projects. You should also keep an eye on reputable crypto news sources like TheCoinRise.

What factors should I consider when selecting a crypto to watch?

Evaluate factors such as the project’s technology, use case, team, partnerships, and community support. Additionally, you should analyze its potential for real-world impact and long-term sustainability.

Are there specific categories of cryptos to watch in 2024?

Yes, fresh and trending blockchain-based concepts and unique use-cases are always the most promising categories in every bull run.

How does market sentiment impact the selection of cryptos to watch?

Market sentiment influences crypto prices. Positive sentiment, driven by news, partnerships, or technological advancements, can make a crypto more appealing.

Should I focus on well-known cryptos or explore new projects?

Investors should diversify their portfolios with both types of crypto projects to balance risk and reward. Established cryptos provide stability, while new projects may offer high growth.

How often should I reassess my list of cryptos to watch?

Regularly reassess based on market changes, project developments, and emerging trends. Staying informed ensures you adapt to the evolving crypto landscape.

Are there any risks associated with investing in crypto?

Yes, crypto investments carry risks. Market volatility, regulatory changes, and project-specific challenges can impact returns. Therefore, you should conduct thorough research and manage risk wisely.