Five Great Cryptos To Watch Out For in 2024

Bitcoin halving is going to happen soon this year. It may provide a lot of opportunities to the investors and make many of them hopeful about higher returns. Some new cryptos have the potential to deliver 10 times more returns. Apart from Bitcoin and Ethereum, there are many altcoins such as Green Bitcoin, Scotty the AI, Spongebob Token, Smog Token, Dogecoin, etc. are cheap and provide scopes to earn exponential gains. However, it is difficult to point out which new altcoin is the most appropriate as thousands of new cryptos are launched every month.

Five Emerging Cryptos In the Watchlist

Green Bitcoin ($GBTC)

Green Bitcoin is an emerging cryptocurrency that helps in gaining mainstream attention through the green staking ecosystem. It has a reputation for being environmentally friendly in two distinct ways. It significantly reduces the computational power required and minimizes environmental impact. The Green Bitcoin has allocated a reward pool of 5.8 million $GBTC. This accounts for 27.50% of the total token supply. It will incentivize stalking activities and offer rewards for the next two years.

Scotty the AI ($SCOTTY)

Security and confidentiality on crypto assets can significantly improve the confidence level of first-time users of decentralized finance. Scotty the AI intends to do just that. This technology specifically increases security measures and detects fraud within the crypto sphere. The pre-selling value of Scotty the AI is structured in a pricing model. The price of the tokens increases subsequently with each sale stage. Scotty the AI also has two products Scotty Swap and Scotty Chat. These directly assist users in risk mitigation and fraud detection. 

Spongebob Token ($SPONGE)

Spongebob Token is a meme token that uses Ethereum’s decentralized framework. It springs on the heels of coins like Turbo and Pepe. It has delivered over 2000% profit from its launch price. The goals include cultivating digital assets and top-notch memes. The market cap of Spongebob grew at an unbelievable rate, from $1 million market capitalization to nearly $100 million market capitalization in peak times. The sponge team also wants to use the v2 token to play games that can earn cryptos. 

Smog Token ($SMOG)

Smog is one of the most prominent cryptocurrencies that can revolutionize crypto space. It rewards community engagement by buying, staking, and holding $SMOG tokens. Crypto investors seeking long-term investment can prefer Smog tokens through community involvement via airdrops. Market listings, accessibility, crypto market trends, community engagement, rewards, and roadmap execution are the major factors that influence the pricing of this token. 

Dogecoin20 ($DOGE20)

The newly upgraded Dogecoin is creating a lot of buzz because of its unique passive income staking utility and environmentally friendly consensus mechanism. The traders are also enthusiastic about this crypto because it has raised an impressive $5.5 million fundraising in a week. This crypto can become the ultimate Dogecoin upgrade and may have a sustainable future. 

Also Read- Does Traditional Finance Perpetuate Financial Inequality?

Conclusion

The five great cryptocurrencies to watch out for in 2024 include Dogecoin20, Smog Token, Spongebob Token, Scotty the AI, and Green Bitcoin. Each of these altcoins has a uniqueness that is sufficient to persuade many new users and investors. These cryptos may indeed succeed in gaining the confidence of risk-averse investors. However, it is also true that there are extraneous factors that influence the pricing of these altcoins and therefore exercising some amount of caution is also advisable.