Most investors anticipate gaining high rewards from cryptocurrency. However, given crypto assets' high volatility, it's important to consider the high risks associated with any crypto investment. With over 100 new crypto coins entering the market daily, choosing the coin that will bring you high rewards may be challenging. Yet, provided that you know how to find the best high-risk, high-reward crypto projects, you can mitigate risk and enhance your crypto portfolio with digital assets that will bring you the anticipated profit. This article provides a collection of the top 10 high-risk crypto coins for 2024 and major recommendations on making the best crypto investment.
What makes a high-risk crypto?
Before we proceed to the list of high-risk, high-reward crypto coins for 2024, let's review the basics and understand what determines high-risk crypto coins. Price fluctuations are the primary factor associated with such digital assets. The more crypto prices rise and fall, the more volatile they become and the more uncertain investors feel about buying an asset.
Besides the range between the crypto's highs and falls, the exact stage in the project's development also determines high-risk, high-reward crypto coins. It's always riskier to invest in new projects, especially when those are in the presale stage. At the same time, investing in such tokens brings potential rewards since their prices are low during the presale stage. If the crypto projects boom and gain more demand, the crypto assets' prices grow, resulting in high rewards for investors.
High-risk vs less-volatile cryptos
We have already mentioned the term "volatility" in this blog post. It will be reasonable to clearly define the difference between high-risk crypto coins and less volatile ones. Investing in less volatile crypto assets like stablecoins is the preferred option for those investors who prefer a risk-averse route. Some of the most popular examples of less volatile crypto coins, which are pegged to the US dollar, are Tether (USDT), USD Coin (USDC), and Dai (DAI). Their price rarely changes and doesn't fluctuate much.
Besides stablecoins, there are several other cryptocurrencies with less volatile prices. These are Tron (TRX) and Ripple (XRP), which we have discussed a lot on our blog. These crypto assets offer more stability yet do not bring high returns.
How to find the best high-risk, high-reward crypto coins
If you are not interested in investing in less volatile crypto assets, consider these tips and strategies for finding the best high-risk, high-reward crypto for your portfolio.
- Keep a close eye on presale projects. When cryptos are in the presale stage, you can purchase them at a good discount. However, such projects are also considered high-risk investments since you never know if their price will boom after the release.
- Buy in the bear market. Buying when the coin's price is low and selling when it's high is one of the fundamental rules every crypto investor should know about.
- Mind the crypto's market cap. As a rule, cryptocurrencies with the most upside potential have a low market cap. The lower it is, the better. It provides opportunities for further growth, making investors more likely to gain high rewards.
- Invest in meme coins. Meme coins like Shiba Inu and Dogecoin are the best crypto investments for those seeking high returns. The latter's price spiked by 20% following Twitter CEO changing the platform's logo to the DOGE meme.
Always research while choosing the best assets for your high-risk crypto portfolio. Follow the market trends and consider the past performance of the chosen assets and their price predictions.
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High-risk, high-reward crypto coins for 2024
Highest-risk cryptocurrency often comes to mind when considering high-reward investing. With hundreds of new coins coming into the market daily, finding the best crypto investment opportunity can be tough. To help you find attractive opportunities, we have compiled the following list of high-risk, high-reward crypto coins with growth potential:
- Dogeverse (DOGEVERSE) - a high-risk and multi-chain meme coin that raised $15 million on presale.
- Sealana (SEAL) - the latest South Park-inspired coin on the Solana chain.
- WienerAI (WAI) - a high-risk, high-reward contender for 2024.
- Mega Dice Token (DICE) - a GameFi casino with daily rewards based on performance.
- 5th Scape (5SCAPE) - a virtual reality gaming ecosystem where you can participate with $5SCAPE.
- 99Bitcoins (99BTC) - an innovative learn-to-earn system that allows you to earn passive rewards.
- Sponge V2 (SPONGEV2) - a popular meme coin that offered high staking yields and had a 100x pump in 2023.
- Smog (SMOG) - a top high-risk meme coin with 42% staking APYs and low prices.
- eTukTuk (TUK) - a sustainable crypto offering high APY and over $3 million raised.
- KAI (KAI) - an exciting cat-themed meme token that has raised $250,000 in a few weeks.
1. Dogeverse (DOGEVERSE)
Dogeverse is one of the most popular high-risk crypto coins. Having earned over $13 million in presale, it has caught the attention of "whale" investors. This dog-themed coin is a meme coin inspired by the Shiba Inu breed. What makes the project unique is that instead of operating on a single blockchain ecosystem, Diverse runs on six different networks: BNB Chain, Solana, Base, Avalanche, Ethereum, and Polygon. Such specifications allow crypto day traders to buy and sell Dogeverse coins without bridging across different networks.
2. Sealana (SEAL)
Sealana is another high-risk crypto coin on our list. The project is set up in the Solana ecosystem. Sealana is similar to such projects as Pepe and Bonk, which have generated significant gains recently, each valued at over $1 billion. Sealana investors aim for a similar upward trajectory. Solana Program Library (SPL) tokens will undergo a major pump following the existing market correction. As Sealana is in the presale stage, each SEAL costs $0.022, with no minimum investment required.
3. WienerAI (WAI)
WienerAI is another high-risk, high-reward crypto project in its presale stage on our list. Inspired by the Weiner breed, WienerAI is an AI crypto coin based on the Ethereum network. WienerAI has created advanced AI tools for market analysis and insights. Thanks to its integrated DEX trading tools, users can immediately purchase newly discovered crypto tokens within WienerAI. Moreover, DEX swaps incur no fees.
So far, the WienerAI presale has raised over $1.1 million. The current price is $0.000704 per $WAI token, but it will increase in just over 24 hours. Investors who act now will benefit from the largest presale discount.
4. Mega Dice (DICE)
Mega Dice (DICE) is a crypto casino platform. Through the presale that has recently achieved $1 million in the season 1 airdrop, the project is claimed to release one of the high-risk, high-reward crypto coins to the market. During the presale, the DICE coin's price has risen from $0.069 to $0.075, which marks an 8.6% increase. Season 2 airdrop is open now, offering $750,000 in rewards. Besides, investors can earn 10% of their referred amount without limits by referring friends.
5. 5th Scape (5SCAPE)
5th Scapeis an augmented reality ecosystem that uses blockchain technology to offer a realistic gaming experience. 5SCAPE is one of the highest-risk cryptocurrencies at the centre of the 5th Scape ecosystem. The token holders are granted early access to the premium VR content on 5th Scape and all upcoming 5 VR games.
During the presale stage, 5th Scape allocated 4.164 billion tokens, 80% of the total supply of 5.21 billion tokens. The presale consists of 12 rounds, during which the project aims to raise $15 million.
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6. 99Bitcoins (99BTC)
99Bitcoins is an innovative crypto project that introduces the "learn-to-earn" concept. Users receive 99BTC tokens as a reward for participating in crypto education. Early holders of the 99BTC tokens benefit from early access to premium training courses and personalised crypto strategies. As a reward, they also get exclusive access to VIP community groups to connect with fellow users and exchange their experiences. 99Bitcoins is considered a high-risk, high-reward crypto project for 2024, mainly due to a high staking APY of over 1000% in the early presale stage and an airdrop of $99,999 worth of BTC tokens.
7. Sponge V2 (SPONGEV2)
Sponge V2 (SPONGEV2) is the next pick for our top high-risk, high-reward crypto project collection. This is an upgraded version of Sponge meme token. Sponge investors can access $SPONGEV2 through the V2 smart contract. Existing SPONGE holders can lock their V1 tokens on the smart contract or purchase tokens directly through the website. After buying SPONGE through the widget on the website, your tokens will be staked in the V2 smart contract.
8. Smog (SMOG)
Smog is a new meme token that can become the biggest-ever token on the Solana blockchain.
Best High-Risk Meme Crypto, Get Airdrop and Staking Rewards. Considering the highly volatile nature of most cryptocurrencies, SMOG could be the best crypto investment and a considerable addition to your high-risk crypto portfolio.
The project runs a large airdrop campaign, of which 35% of the total 1.4 billion tokens will be distributed through the airdrop rewards campaign. You can earn airdrop points by joining quests and staking the token. Besides, you can gain up to 42% in annual yields by staking the token.
9. eTukTuk (TUK)
eTukTuk is a great example of a green crypto project. This is another high-risk, high-reward crypto project based on the Cardano blockchain. To aid TukTuk drivers in transitioning to electric vehicles, eTukTuk will establish EV charging stations and Electric Vehicle Supply Equipment (EVSE) in designated 'territories.' Leveraging local support, eTukTuk will lower production costs.
The company will offer drivers low transaction costs and high scalability, potentially saving them 400% of their revenue using eTukTuk charging stations. While new tokens can be volatile, $TUK provides unique use cases. Members can stake tokens to earn passive income as charging station transactions increase, promising long-term returns. $TUK has a total supply of 2 billion tokens, with 250 million reserved for the presale.
10. KAI (KAI)
KAI (KAI) is a cat-themed meme cryptocurrency offering high staking yields and community rewards. Currently, in its presale phase, $KAI is priced at $0.0042256 per token.
Holders can mitigate volatility by staking $KAI on the smart contract, earning an annual yield of up to 7,600%. With 20 million tokens already staked, this reduces the circulating supply and curbs regular buying and selling post-exchange listing. Out of a 10 billion total supply, 15% is designated for staking rewards and 25% for active community participants. In just a few weeks, KAI's presale has raised $250,000.
Consider checking out the top 10 high-risk, high-reward crypto projects listed above. Although investing in such projects seems like a lucrative opportunity, always keep in mind the high volatility of the crypto market and never invest more than you can afford to lose.
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