The cryptocurrency market is quietly approaching new all-time highs (ATHs), and the high-octane altcoin sector is awash with promising projects.
This article considers narratives, use cases, pricing, tokenomics, and more to offer insights into five new altcoins worth watching.
Dogerse
Dogeverse is a new memecoin currently in pre-sale. The project has raised over $12 million to date, driven by excitement over its innovative multichain perspective.
Pre-sale is available on Ethereum, Avalanche, BSC, Polygon and Base, and DOGEVERSE will also launch on Solana.
This indiscriminate on-chain access caused a stir in the market. Along with its substantial fundraising total, prominent industry commentators have also 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 has more than 300 thousand subscribers, is one of the many supporters of the new pre-sale.
Staking is another feature that draws attention. It is now available on Dogeverse pre-order and offers a 91% APY. However, this value will decrease as the staking pool grows.
Reflecting the community's appetite for more tokens, more than 17 million DOGEVERSE have already been staked.
Baby
Following its impressive rise in 2023, Pepe has become one of the hottest memecoins in the industry. However, recent developments have renewed the project's appeal.
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.
This indiscriminate on-chain access caused a stir in the market. Along with its substantial fundraising total, prominent industry commentators have also weighed in on the project.
A recent listing of perpetual futures on Coinbase's institutional division, Coinbase International Exchange, has sparked speculation that Pepe could soon be listed on Coinbase's main platform for spot trading.
Since then, Pepe has shown relative strength relative to the market, with prominent trader Bluntz analyzing its price chart and saying, "Of all the major memecoins, Pepe looks the best."
The project's performance has propelled it to become the third largest memecoin by market value, recently overtaking Solana's Dogwifhat. Pepe is also topping CoinMarketCap's trending list as traders continue to show interest.
5th Scape
While memecoins have dominated the market recently, there is a growing appetite for cryptocurrencies that offer value with a real impact on the world.
5th Scape is the latest to resonate with investors. This is a new pre-sale that intertwines blockchain and virtual reality technology to revolutionize gaming experiences.
Its ecosystem strives to deliver 'hyper-realistic' adventures powered by its own VR devices and gaming chairs.
5th Scape plans to launch a series of games, starting with "Cage Conquest", a mixed martial arts themed venture where players can undertake strategic training, embark on a champion's journey and compete in online championships.
Analysts are racing to support the new project, with Crypto Boy highlighting that the pre-sale is at a steep discount to the initial exchange offering (IEO) price.
Pre-sale for 5th Scape is ongoing and has raised $5.6 million so far. It is currently priced at $0.00327, but this amount will increase throughout the campaign, with the next increase when total fundraising reaches $6.2 million.
Bitten Sensor
Bittensor is a leading AI-focused cryptocurrency seeking to establish a collective, open global network for AI computing.
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 one of the top projects to watch, with the drop potentially marking a solid entry point for new buyers.
It has a market capitalization of $2.7 billion and a trading volume of $23 million in the last 24 hours. Due to the complex architecture of the project, it has not yet been listed on major tier-one exchanges like Binance or Coinbase.
However, this could be a positive thing, with the imminent listings potentially strengthening its price when they occur.
The Bittensor network establishes a decentralized marketplace for AI computing, connecting developers with hardware owners to seamlessly power "digital commodities," which it describes as compute, data, storage, predictions and models.
Near Protocol
Near Protocol is another trending project positioned at the heart of several promising narratives.
For one, Near Protocol is considered an 'AI and big data' cryptocurrency on CoinMarketCap. Meanwhile, the project's main use case addresses 'chain abstraction', which works towards 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 market capitalization of $7.3 billion and a trading volume of $433 million in the last 24 hours.
The project recently advanced its primary chain abstraction efforts after announcing the beta launch of Hot Protocol, a self-custodial Telegram native wallet.
Through this initiative, Telegram's 900 million users can access blockchains such as Bitcoin, Ethereum, Base and Solana.
Another reason to keep an eye on Near Protocol is that its founders are industry experts with experience at companies like Google and Microsoft.
