You stumbled upon two doors labeled ‘Low Risk Low Reward Cryptos’ and ‘High Risk, High Reward Cryptos’ As a degen, what room do you enter?
John Doe Degen ticked the second room and this is what the guy found. The room marked high risk cryptocurrencies and the rewards they attract.
DOG•GO•TO•THE•MOON (DOG)
Until April 2024, memecoins were not available on Bitcoin. Then emerged Runes protocol, and with it, the ability and allure to launch fun-themed tokens and any kind of shitcoin you could ever think off.
DOG•GO•TO•THE•MOON (DOG) was birthed around this time, and has grown to be the number #1 Bitcoin memecoin that commands a multi million dollar market capitalization.
The sole mission of the team behind DOG was coming up with community driven meme coins that could pump to the moon.
To date, the team has achieved significant milestones including a daily trading volume of $6.2 million, and a market cap of $379.33 million at the time of writing. As the first meme token on Bitcoin and one of the few tokens that truly pay attention to their community, DOG promises a lot of growth potential in 2024.
If you are Bitcoin maxi looking for the next High-reward crypto investments, DOG is a good idea.
NEIRO on ETH (NEIRO)
NEIRO on ETH pumped to popularity after two tokens with a similar name (Neiro) emerged online, one on Ethereum and the other one on Solana.
As die hard fans of each blockchain keyboard warrior-ed their way claiming theirs was the real first Neiro, both tokens exploded with NEIRO on ETH skyrockecting upwards by a staggering 38157% within a few weeks after launching.
The token’s market capitalization is almost closing in at a $1 billion market capitalization, and still commands a large daily trading volume of $890 million. It’s also one of the top-performing cryptocurrencies of this year’s memecoin season.
Neiro gets its name from a newly adopted Shiba Inu dog owned by a popular woman who still owned the globally known Kabosus, the dog that inspired the Doge meme.
SPX6900
A degen said they’d never seen such a bold move in the meme token culture as SPX6900 daring to challenge the S&P500 and surpass a $69 trillion market capitalization.
The SPX 6900 a financial-domination themed meme coin that teams up 6900 traders who are ready to defy the boundaries of the New York Stock Exchange (NYSE) and create a new expansive index, the SPX 6900.
This meme coin’s mission is redefining the expansive financial sector, dominating markets and sending shockwaves throughout global finance.
Just like the degen next door hopes to hop onto a memecoin airbus and travel to the moon, the SPX 6900 aims to achieve the pinnacle of $69T on a road paved with memes, tweets and viral moments. This token’s promising roadmap makes it a valuable asset to have among the ten potential profitable cryptocurrencies of 2024.
EIGEN Token
EIGEN kicked off trading in the market just recently in Q4 2024 after the Ethereum staking protocol EigenLayer unlocked the tokens it distributed to stakedrop participants earlier on.
EIGEN token promises lots of potential for growth being the native cryptocurrency of the largest restaking ecosystem.
According to the official Eigen website, the EIGEN token is a universal intersubjective work cryptocurrency.
Such a mouthful of words , huh! If you said that in a room full of people, they’d think you invented Silkroad and run away with it.
Well what universal intersubjective work token means is simply the token is staked to perform a specified function within a blockchain setting. This could be a validation task or an execution task.
EigenLayer’s native token is one of the newest and best cryptocurrencies to invest in 2024
Smog
The meme culture is the only place on earth where you'll find dog, cat, frog and even monkey themed fun tokens. But there is also a dragon themed memecoin on Solana, and its name is $SMOG.
This token promises to blaze its community with history’s greatest ever airdrop, where holders will also unlock infinite staking rewards by locking their bags.
Pepe
$PEPE from Pepe Unchained is both a memecoin and multifunction token that will power the Pepe Unchained Layer 2, a high-performance blockchain that’s built to bring security, scalability and speed to the memecoin space.
Pepe Unchained is still in its presale stage where it has already raised $18 million after promising to take similar steps to other high-performance L2s , the likes of Arbitrum, Base and Polygon.
eTukTuk
eTukTuk is an immersive play-to-earn game that gets its inspiration from the Crazy Taxi style where participants race through the streets of Sri Lanka picking and dropping passengers.
If you drive faster, you get more customers and end up earning more tokens. The gameplay is also immersive with new upgrades for your vehicle, ability to unlock brand new cities and embark on a wide range of adventures.
$TUK is the native cryptocurrency token of the eTukTuk ecosystem. After getting listed on MEXC recently, users who got in early have had a big discount accessing special in-game rewards and unique upgrades. However, its not yet too late to share in the fanfare.
Scroll
$SCR is one of this year’s emerging crypto projects that’s native to Scroll, one of the largest Ethereum L2s by total value locked (TVL).
The token will launch in October and will be distributing 15% of its total supply to the community through two airdrops.
Since the launch of Scroll’s points program in April this year, $SCR has shown a lot of potential considering the project’s 647% TVL growth by July 22. And that’s all for the degen’s best altcoins for high returns.
Final Take: Do you want to invest in risky crypto projects?
If you want a high risk crypto investment strategy that has the highest upside, conduct sufficient due diligence and pick up the one cryptocurrency that ticks all the right boxes, team, community, roadmap, capped supply, tokenomics, observe cryptocurrency market trends and potential for high gains.
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.
