Provided you choose the right ones, altcoins can provide vast upside potential. In the last bull market, we saw trending projects like SOL and SHIB rise to multi-billion dollar valuations from seemingly nowhere.
However, many major altcoins are currently struggling in line with the wider market. This has led to traders looking for new small cap coins and presale projects that could provide high growth potential.
Let’s take a look at eight new altcoins that are attracting attention right now.
Trending meme coin Wall Street Memes boasts 1 million followers and has raised $20 million in presale
Wall Street Memes is a new meme coin created by the Wall Street Memes brand, which also founded the Wall St Bulls NFT collection in 2021. Wall St Bulls sold out in 32 minutes, raising $2.5 million, and now the new meme coin has raised over $19 million in its presale.
According to its website, Wall Street Memes embodies the philosophy of the 2021 GameStop saga, where retail traders overpowered greedy institutions. Wall Street Memes aims to “tokenise the movement”.
So far, the project has seen a significant social media success by reaching 1 million followers. One of the reasons for its success is its one-million-strong social media following and the fact thatt one of the tweets has received engagement from Elon Musk and other high-profile industry figures.
The Wall Street Memes presale has raised over $20m so far, making it one of the most successful crypto presales of the year. It has under $2m to go until it reaches its target of $21,958,009.2, meaning it’s likely to sell out within the next couple of weeks.
XRP20 is the deflationary XRP alternative on Ethereum with stake-to-earn rewards
XRP20 is a new XRP alternative built on the Ethereum chain. It boasts several advantages over the original token, such as increased decentralisation, ease of use and a Stake-to-Earn mechanism to give holders passive rewards.
The project is currently in its presale, priced at $0.000092 - 30x lower than XRP’s all-time low while maintaining the same total token supply.
Furthermore, the Stake-to-Earn mechanism incentivises long-term holders, enabling them to passively acquire more XRP20 over time.
XRP has been widely criticised for its founder's sizeable holdings and over-the-counter sales of XRP tokens. On the other hand, XRP20 is 100% community-centric, with 40% of tokens allocated to the community presale, 40% to staking rewards, 10% to DEX liquidity, and 10% will be burned.
Also, 0.1% of every XRP20 that’s bought and sold will be burned to make the supply deflationary and build scarcity to increase its value.
Shiba Inu-Barbie crossbreed project Shibie Coin eyes a fast presale with $999,999 hard cap
As the blockbuster Barbie film takes the world by storm, a new crypto project, Shibie Coin, combines the best of Barbie and Shiba Inu for a new viral degen token.
Shiba Inu is known for having one of the strongest crypto communities, but adding Barbie into the mix takes it to a whole new level.
Shibie Coin aims to sell out its presale fast with a hard cap of just $999,999. The presale is newly launched, set for a maximum of eight days. That means anyone looking to buy this coin must get in sooner rather than later.
The project sets ambitious goals, with its website saying, “Shibie’s out to conquer the crypto space, one bone at a time”.
With a hard cap of just under $1 million, Shibie Coin has the potential to explode following its launch, but the presale will end soon.
New altcoin IOTA20 is providing a second shot at IOTA’s $15 billion bull run
Continuing with the “2.0” coin trend, IOTA20 is an IOTA alternative built on Ethereum. IOTA is a distributed ledger used for the “Internet of Things”. It reached a staggering $15 billion market cap in 2017 but fell short due to issues with complexity, security, centralisation and competition from Ethereum and other newer networks.
As such, a team of forward-thinking devs have launched IOTA20 on the Ethereum chain, claiming added decentralisation, security, transparency and ease of use.
IOTA20 can be managed from any Ethereum wallet and is interoperable with other Ethereum-based dApps.
The project features a Stake-to-Earn mechanism, empowering holders with passive staking rewards. Also, IOTA20’s presale price is $0.00145 - over 50x less than IOTA’s all-time low.
IOTA20 has set aside 50% of tokens for the project’s presale, 40% for community staking rewards, and 10% to be locked as DEX liquidity. This is aimed to ensure seamless trading and protect investors from a “rug pull”.
New AI coin yPredict raises $3 million at presale & boasts 20,000 - strong wait list
AI coins are on the rise as ChatGPT Co-Founder Sam Altman releases Worldcoin. However, Worldcoin already has an over $20 billion valuation, limiting its upside potential. However, a new presale AI coin called yPredict shows potential, having just passed $3 million at presale.
Artificial intelligence has been a hot topic lately, and YPRED aims to capitalise on the trend by providing an all-in-one suite of AI tools for developers, traders, quants and analysts.
yPredict’s core focus is helping financial markets traders. It plans to leverage AI to compute vast amounts of data and provide trading signals, sentiment analysis, technical analysis and chart pattern recognition.
The project will also implement a marketplace enabling AI and machine learning developers to sell “predictive models” to help with decision-making by forecasting future events.
yPredict has generated substantial hype, boasting 20,000 users on its waitlist and receiving coverage in many top media outlets.
Fight climate change while earning community rewards with Chimpzee
Chimpzee is a popular new project combining the virality of meme coins with the utility of DeFi, all while aiming to fight climate change and save animals.
The presale is currently priced at $0.000775, with its exchange listing price set to start at $0.00185 - a 138% increase. However, investors who buy today get an extra 125% of tokens free, but the offer ends at midnight.
Chimpanzee offers multiple ways for its community to earn. It boasts a Play-to-Earn game, a Shop-to-Earn merchandise store and a Trade-to-Earn NFT marketplace.
On top of that, the project has taken significant measures to fight climate change, planting 1,200 trees in Brazil, 20,000 trees in Guatemala and donating $15,000 to save elephants. The team has also partnered with charities like The Giving Block, One Tree Planted and Wild.
Chimpzee is currently running a 10,000,000 token airdrop to celebrate hitting its $1m milestone.
Electric vehicle solution eTukTuk launches token to fight climate change and close the global economic divide
In an attempt to do away with rising CO2 levels, eTukTuk is an electric vehicle (EV) provider aiming to serve the developing world with affordable, accessible and sustainable electric “tuk tuks”.
A tuk-tuk, also known as an “auto rickshaw”, is a three-wheeled motorised mode of transport common in much of the developing world.
eTukTuk will provide EVs and infrastructure, starting in Columbo, Sri Lanka. It aims to fight climate change and close the global economic gap between developed and developing nations.
The TUK token will power the project’s ecosystem, being used as a payment overlay network and helping to “bank” the unbanked. Moreover, the token will provide long-term passive rewards to holders.
Currently, TUK is in its presale, priced at $0.024. However the price will increase incrementally throughout the presale.