The crypto market is quietly approaching new all-time highs (ATHs), and the high-octane altcoin sector is flooded with hot projects.
This article considers narratives, use cases, prices, tokenomics, and much more to provide insight into five new altcoins that are worth keeping tabs on.
Dogeverse
Dogeverse is a new meme coin currently undergoing a presale. The project has raised over $12 million so far, fueled by excitement for its novel multichain outlook.
The presale is available on Ethereum, Avalanche, BSC, Polygon, and Base, and DOGEVERSE will also launch on Solana, too.
This indiscriminate on-chain accessibility has caused a stir in the market. Alongside its substantial total raise, prominent industry commentators have weighed in on the project.
“I just found the next multichain Dogecoin (all in),” said Michael Wrubel in a recent YouTube video. The analyst, who boasts over 300K subscribers, is one of many supporting the new presale.
Staking is another feature to draw attention. It is already available in the Dogeverse presale and offers a 91% APY. However, this will decrease as the staking pool grows.
Reflecting the community’s appetite for more tokens, over 17 million DOGEVERSE have already been staked.
Pepe
After its stunning rise in 2023, Pepe became one of the industry’s hottest meme coins. However, recent developments have renewed the project’s allure.
PEPE is currently trading at $0.000006899, down 9% today, up 7% this week, down 11% this month, and down 35% from its March ATH.
A recent perpetual futures listing on Coinbase’s institutional-focused arm, Coinbase International Exchange, sparked speculation that Pepe may soon be listed on Coinbase’s main platform for spot trading.
Pepe has displayed relative strength against the market since, with prominent trader Bluntz analyzing its price chart and saying, “Of all the major meme coins, Pepe looks the best.”
The project’s performance has propelled it to become the third-largest meme coin by market cap, recently overtaking Solana’s Dogwifhat. Pepe is also spearheading CoinMarketCap’s trending list as traders continue to show interest.
5th Scape
While meme coins have dominated the market recently, there is a growing appetite for value-providing cryptos with a real-world impact.
5th Scape is the latest to resonate with investors. It is a new presale that intertwines blockchain and VR technology to revolutionize gaming experiences.
Its ecosystem strives to deliver “hyper-realistic” adventures powered by its proprietary VR headsets and gaming chairs.
5th Scape plans to release a series of games, starting with “Cage Conquest,” a mixed martial arts-themed venture where players can carry out strategic training, embark on a champion’s journey, and compete in online championships.
Analysts are vying in support of the new project, with Crypto Boy highlighting that the presale is priced at a huge discount from its initial exchange offering (IEO) price.
The 5th Scape presale is ongoing and has raised $5.6 million so far. It is currently priced at $0.00327, but this will rise throughout the campaign, with the next uptick when the total raise hits $6.2 million.
Bittensor
Bittensor is a leading AI-focused cryptocurrency seeking to establish a collective and open global network for AI computation.
The project has enjoyed spectacular success since its launch in 2023. It is priced at $414, down 5% today, 14% this week, and 21% this month. However, it remains up 789% this year.
Bittensor’s recent price action makes it a top project to watch, with the drawdown potentially marking a solid entry point for new buyers.
It holds a $2.7 billion market cap and a $23 million 24-hour trading volume. Due to the project’s complex architecture, it has yet to be listed on leading tier-one exchanges like Binance or Coinbase.
However, this could be a positive, with the impending listings potentially bolstering its price once they occur.
The Bittensor network establishes a decentralized marketplace for AI computation, connecting developers with hardware owners to seamlessly power “digital commodities,” which it describes as computing, data, storage, predictions, and models.
Near Protocol
Near Protocol is another trending project positioned at the crux of several promising narratives.
On the one hand, Near Protocol is regarded as an “AI and big data” cryptocurrency on CoinMarketCap. Meanwhile, the project’s primary use case tackles “chain abstraction,” which works toward a more integrated and user-friendly blockchain experience.
NEAR is currently trading at $6.92, down 6.5% today, up 0.8% this week, down 0.5% this month, and up 259% this year.
It holds a $7.3 billion market cap and a $433 million 24-hour trading volume.
The project recently advanced in its primary chain abstraction efforts after announcing the beta launch of Hot Protocol, a Telegram-native self-custody wallet.
Through this initiative, Telegram’s 900 million users can access blockchains like Bitcoin, Ethereum, Base, and Solana.
Another reason to watch Near Protocol is that its founders are industry experts with backgrounds in companies like Google and Microsoft.