In a constantly evolving cryptocurrency market, it can be complex for investors to find their way among the multitude of emerging projects. However, certain initiatives stand out for their innovative nature and strong potential.
In this article, we offer you an overview of 5 particularly interesting new cryptocurrencies to follow. From the French crypto neobank to layer 2 Ethereum, including the latest addition to the social network Telegram, here is our selection.
- WIGL: The crypto neobank made in France
Let’s start with the WIGL project, launched in early 2024 by the French company Feel Mining, known for its expertise in cryptocurrency staking . WIGL presents itself as a crypto neobank offering many innovative services, such as a French IBAN, free instant transfers or even a bank card with an advantageous cashback system.
WIGL’s main advantage lies in its close integration with Feel Mining’s digital asset management skills. Holders of WIGL tokens will thus be able to benefit from boosted returns, reduced fees and an attractive loyalty program.
Since January 2024, WIGL has started an ICO (initial fundraising) allowing Feel Mining users to acquire WIGL tokens at preferential rates, before their official listing. An initiative which should allow it to quickly establish itself in the very competitive neobank market.
- Arbitrum (ARB): The Ethereum layer 2 that caused a sensation
Let’s continue with Arbitrum, a cryptocurrency that has generated a lot of excitement in 2023. It is a “layer 2”, that is to say a scaling solution developed on top of the Ethereum network (the “layer 1”).
The goal of Arbitrum is to improve the performance of Ethereum in terms of transaction execution speed and cost reduction. Indeed, the Ethereum network sometimes faces congestion and high transaction fees, particularly during periods of high activity.
Arbitrum therefore offers an interesting alternative by allowing part of the traffic to be offloaded to its own blockchain, while benefiting from the security and decentralization of Ethereum. Developers can thus deploy their decentralized applications (dApps) on Arbitrum, benefiting from this better performance.
Although the Arbitrum project was technically launched in 2021, its ARB token was not introduced until March 2023. This event immediately sparked strong interest, causing the ARB cryptocurrency to jump into the top 50 largest capitalizations on the market. .
- Toncoin (TON): The cryptocurrency of the Telegram network
Let’s continue with Toncoin (TON), a cryptocurrency which literally exploded in 2023. Its market capitalization more than tripled in the space of a few months, going from 2.5 billion euros to 8.5 billion euros.
The success of Toncoin lies in its close connection with the social network Telegram. Indeed, TON (The Open Network) was created in 2018 by the Durov brothers, the founders of Telegram. A major asset which has allowed this cryptocurrency to benefit from rapid visibility and adoption.
Toncoin is intended to be used to facilitate transactions within the Telegram ecosystem, whether for payment for services or for games developed on the TON network. In addition, its operation is based on proof of stake, allowing Toncoin holders to contribute to the security of the network and to be remunerated in return.
Beyond these uses, TON also aims to establish itself as a means of fast and low-cost money transfer, including internationally. A positioning that could allow it to gain adoption among the general public.
- ApeCoin (APE): The crypto of the famous NFT Bored Ape
Let’s continue with ApeCoin (APE), the cryptocurrency of the very popular Bored Ape Yacht Club (BAYC).
BAYC NFTs (non-fungible tokens), representing monkey heads, have established themselves in recent years as one of the most emblematic and expensive projects on the market. Their resounding success logically led to the creation of a native token, ApeCoin.
This plays a central role within the BAYC ecosystem, serving as both a usage and governance token. ApeCoin holders can thus actively participate in decisions concerning the evolution of the project.
But what propelled ApeCoin to the forefront was undoubtedly the massive airdrop carried out at the beginning of 2022 to the owners of NFT BAYC. This free distribution immediately caused the price of the cryptocurrency to explode, which increased by 80% in the space of three weeks.
Since then, ApeCoin has climbed into the top 40 most important cryptocurrencies in terms of market capitalization. A resounding success which demonstrates the attraction of investors for projects linked to NFTs. The icing on the cake is that the famous luxury brand Gucci now accepts ApeCoin payments in its stores in the United States.
- Overdome: The revolution in crypto trading and online gaming
Let’s end this selection with a particularly ambitious project: Overdome. Designed and developed by Kemal Altun, a pioneer in automated cryptocurrency trading, Overdome innovatively combines the financial opportunities offered by digital currencies and the immersive excitement of online gaming.
The idea of Overdome is to allow traders to maximize their profits through a high-performance crypto arbitrage system. Drawing on advanced algorithms, the platform identifies the best trading opportunities across different marketplaces in real time, executing trades optimally.
But Overdome is not just about trading. The project also plans the upcoming launch of a crypto gaming ecosystem, offering users the opportunity to earn cryptocurrencies while having fun. An original approach that should appeal to both investors and gaming enthusiasts.
With its unique blend of decentralized finance and entertainment, Overdome positions itself as one of the most innovative projects in the crypto market. Its development potential seems promising, as evidenced by the commitment of its founder to a process of constant improvement.
Opportunities to be seized with caution
Here is our selection of 5 particularly interesting new cryptocurrencies to watch. Whether it is WIGL, Arbitrum, Toncoin, ApeCoin or Overdome, each of these initiatives has strong potential, driven by innovations and diversified use cases.
However, it should be kept in mind that these projects, although promising, remain relatively young and therefore riskier than established cryptocurrencies like Bitcoin or Ethereum. Before any investment, it is essential to be well informed, analyze the fundamentals and only invest what you can afford to lose.
With the right reflexes and appropriate diversification, these new cryptocurrencies could nevertheless represent great opportunities for unearthing the gems of tomorrow. Up to you !
