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Maryam Jinadu
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The world of initial coin offerings (ICOs) is constantly changing and evolving, with new projects launching all the time. In this article, we will take a look at some of the most promising upcoming ICOs to watch in 2024. We will also provide a closer look at the best ICOs to invest in, as well as a review of each project including the pros and cons of investing.

  • Earn passive rewards through gamified staking
  • The sustainable version of Bitcoin built on Ethereum
  • Invest at a discounted price during the presale event to maximize returns
Project Launched
February 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Buy and hold to take part in the biggest Solana airdrop event
  • The next meme coin to explode
  • SMOG is set to be the biggest Solana token in 2024
Project Launched
February 2024
Purchase Methods
  • USDT
    USDT
  • Solana
    Solana
  • The latest AI based crypto project that will transform the security of the blockchain space
  • Early presale investors will receive guaranteed returns
  • Stake SCOTTY to receive passive rewards
Project Launched
February 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • $SPONGEV2 tokens can only be obtained by staking $SPONGE
  • Stake your Sponge V1 tokens to recieve a V2 token bonus
  • Earn more crypto with the SPONGE P2E game
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • Invest in the newest sustainable cryptocurrency
  • $TUK tokens can be staked for passive rewards
  • The eTukTuk project helps to develop sustainable initiatives for a greener future
Project Launched
January 2024
Purchase Methods
  • BNB
    BNB
  • USDT
    USDT
  • Debit
    Debit
  • Revolutionizes Bitcoin mining with an innovative stake-to-mine model
  • Allows all crypto investors to earn passive BTC rewards
  • A transparent and fair Bitcoin mining system that is accessible to anyone
Project Launched
September 2023
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • Matic
    Matic
  • Debit
    Debit
  • +2 more
  • A meme token with real utility
  • Maximize your initial investment with competitive staking rewards
  • Win crypto by correctly betting on the outcome of meme-based battles
Project Launched
September 2023
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT

Top 5 Upcoming ICOs in 2024

  1. Sponge V2 Token (SPONGE)Invest and stake SPONGE to earn V2 tokens before they are launched on exchanges, Sponge V2 provides access to staking rewards and an exclusive P2E game.
  2. Bitcoin Minetrix (BTCMTX)An innovative Bitcoin mining project that makes it possible for anyone to mine BTC from their homes. Bitcoin Minetrix will solve this issue using blockchain technology which will add a layer of transparency and give complete control to investors.
  3. Meme Kombat (MK): A fun crypto project that rewards investors for correctly betting on the outcomes of meme character battles. Meme Kombat brings utility to the meme coin space.
  4. eTukTuk (TUK)eTukTuk is a new BNB token that aims to support the development of eco-friendly transportation solutions in developing solutions. Investors can stake $TUK to earn passive rewards.
  5. Wall Street Memes (WSM)Wall Street Memes recently ended its best-selling presale which raised an impressive $25 million. The project will harness the power of social media and community to drive value to the token and reward early investors.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

What is an ICO?

An ICO, or initial coin offering, is a fundraising mechanism in which a new project sells a portion of its native tokens to early supporters and investors in exchange for funding. According to the source, the concept of an ICO was first introduced by J.R. Willet in 2013.  These tokens, often called coins or tokens, represent a stake in the project and can be traded on various cryptocurrency exchanges.

Unlike initial public offerings, ICO investors do not receive a share in the company and cannot influence internal management decisions in any way. In fact, ICO is another realization of the crowdfunding model, where participants finance the development of a company now in order to receive certain benefits from it in the future.

For example, Bitcoin Minetrix tokens can be used to use the functionality of this platform. By issuing its own “money” and exchanging it for one of the common cryptocurrencies (such as Bitcoin or Ethereum) or even real currencies (dollars, euros), a project can secure the funding it needs to launch or grow . In addition, by issuing a coin to a project, it can accelerate its development.

TOP 3 reasons to invest in an ICO

There are several advantages of investing in an ICO, but here I express TOP 3 of them:

  • The possibility to sell the tokens bought now at a higher price in the future, because the projects in the ICO can develop, generating real value and thus increasing in price.
  • The ability to use tokens according to their intended purpose – for example, to use a certain platform.
  • Supporting the team you like and see potential in.

invest in an ico

What Is The Best ICO To Invest In Right Now?

The best ICO to invest in right now appears to be Sponge V2. This is because the original SPONGE token saw huge returns after launching on exchanges and the team behind the project plans to create the same success for round 2.

However, it is important to conduct your own research before making any investment decisions. Signs of a promising ICO include:

  • Community support: The most successful ICOs have a strong community backing that ensures the token is supported once it is listed on exchanges. Without an existing community, the launch may go unnoticed.
  • Marketing efforts: The team behind an upcoming ICO project should invest significant efforts into marketing. It is a good sign if you see the project advertized on popular crypto pages and platforms.
  • Tokenonmics: To reward investors over the long term, ICO tokens should have a robust tokenomic design. This includes having clear utility, strong fundamentals and a deflationary supply.

Read more: Best Crypto ICOs of 2024: Top Picks for Big Returns

Pros and Cons of Investing In An ICO

Pros:

  • The potential for high returns on investment
  • The ability to invest in a project at an early stage
  • The potential for the value of the token to increase as the project develops and gains traction

Cons:

  • High risk of losing your entire investment
  • Lack of regulatory oversight
  • Limited information and transparency about some projects and their teams

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

A Closer Look at The Best ICOs To Watch in 2024

With so many great ICOs available, it’s important to know which ones to invest in. We take a closer look at the best ICOs to watch in 2024 . All of these ICOs have several great features that make them stand out from the competition. Make sure to research each one thoroughly before investing – choosing the right coin for your needs is important.

1. Sponge V2 Token – The next meme project to explode after the upcoming ICO in 2024

Sponge V2 Token is the second version of the SPONGE meme coin that was originally launched in 2023 to generate hype and reward early investors. The V2 token brings utility to the project and will provide investors with a second chance to take advantage of a potential price pump.

SPONGE V2 best crypto ico

The V2 token will allow investors to access staking rewards as well as an exclusive P2E game. This will encourage long-term holding and prevent sell-offs, which are commonplace in meme projects.

The original SPONGE token pumped in 2023, rewarding early investors with generous rewards. The team behind the project plans to use the same marketing efforts to boost the price of V2 tokens, offering gains for early investors.

To acquire V2 tokens, you must buy SPONGE and stake your tokens. Staking will automatically generate V2 token rewards, which will be released over a four-year period. This process aims to phase V1 tokens out of circulation.

Once you stake SPONGE V1, you will not be able to withdraw your coins.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

2. Bitcoin Minetrix – The first stale-to-mine crypto with huge potential in 2024

Bitcoin Minetrix is an exciting new stake-to-mine project that aims to improve accessibility to Bitcoin mining. For a long time, Bitcoin mining has been kept for people who can afford to buy advanced computational equipment, which has caused many people to miss out on high mining rewards.

This is where cloud mining comes in, a solution that enables investors to join third-party mining operations and mine BTC from their homes without any bulky equipment. Bitcoin Minetrix will facilitate cloud mining through it’s stake-to-mine mechanism – investors will stake their $BTCMTX tokens and receive cloud mining credits in return. These credits can be used to access Bitcoin cloud mining.

best upcoming icos

Existing cloud mining operations are prone to scams, which prevents people from using them to gain passive income. Bitcoin Minetrix will solve this issue using blockchain technology which will add a layer of transparency and give complete control to investors.

The $BTCMTX token will support the entire ecosystem. The erc20 token is currently available to buy for a low price of just $0.011 during the presale. The price of the token will increase at each stage, providing early investors with guaranteed returns. Invest in $BTCMTX now before the next price increase and start staking your tokens for mining credits straight away.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

3. Meme Kombat – The newest meme coin project with long term potential

Meme-coins are not only about investment and profitability, but also about fun (because that’s what they were created for). Meme Kombat is the latest memecoin based project that allows memecoin enthusaists to earn passive income through an exciting play-to-earn mechanism.

top upcoming crypto ico

Meme Kombat allows you to make money from cryptocurrencies by actively fighting in PvP battles, betting on the strongest players or staking $MK tokens. All you have to do to get started is to invest in the Meme Kombat’s presale and start staking your tokens for daily passive rewards.

Unlike most meme-based crypto tokens, Meme Kombat offers a strong utility that gives the coin long-term potential. This is not another shitcoin that will pump and then die. Instead, ivestors are encouraged to hold Meme Kombat long term to benefit from the ecosystem.

If, however, you are not interested in battles, Meme Kombat offers you the chance to get passive income with another solution – staking – for a period of time starting from 14 days. The platform allows users to allocate staked tokens for bets, offering flexible control over their funds. Staking is secured from the 30% of the total number of $MK put into circulation by the platform.

You are just one click away from the possibility of securing additional passive income, through a token that, in the first 24 hours, reached $40 million. Click on the button below to insure yourself with $MK while the presale is not complete.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

4. eTukTuk – Sustuainable upcoming crypto ICO that lucrative staking rewards

eTukTuk is a new sustainable blockchain project that aims to support the adoption of EVs in developing countries. The project will provide countries around the world with Electric Vehicle Charging Stations (EVCS) that will help to accelerate the growth of the EV industry in these parts of the world.

The project is supported by the TUK BEP-20 token – a utility token that will be used to access the eTukTuk ecosystem for parts of the world that do not have access to traditional finance systems.

etuktuk electric vehicle

TUK tokens can be staked for passive rewards, which makes them an appealing long-term investment opportunity. The staking mechanism will increase the value of the tokens over time as the supply o TUK is deflationary, which means that the supply will decrease when tokens are locked up. At the time of writing, the APY for staking TUK is 386%.

The tokens are currently available to buy through the eTukTuk presale event, which will raise funds for the project’s development before the upcoming exchange listings.

eTukTuk is an ICO with huge potential due to the fact that the project is set to be adopted by governments. The official government launch of the token is expected to take place during stage 3 of the 4 stage roadmap.

Potential government adoption will help the project to reach developing countries and contribute towards the wider implementation of electric TukTuk vehicles.

After the ICO, eTukTuk tokens will be listed on major centralized exchanges. The best time to invest in the green crypto is during the early stages of the prese because this is when the price of the token will be at it’s lowest.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

5. Wall Street Memes ($WSM) – Recently launched on crypto exchanges

Wall Street Memes is a brand new meme token that is predicted to 1000x in 2024. The token is currently priced at a low value but this is likely to change soon when the presale event ends.

The new Wall Street Memes crypto token is an extension of the popular Wall Street Memes social media platform. The token was created to troll the crypto markets by sending a ‘worthless’ meme coin to the moon and providing early investors with huge returns. The project will harness the power of social media and community to drive value to the token and reward early investors.

best ico crypto to buy

$WSM is an ERC20 token with a limited supply that will be given 100% to the Wall Street Memes community. Investors will be able to participate in airdrops and other exclusive events after the presale to claim free crypto and increase their profits over time. To participate in airdrops, investors must hold their $WSM tokens which will prevent a dump.

The Wall Street Memes social media platform is hugely popular amongst investors. The project has a community of over one million and is active on Twitter, Discord and Telegram. Users can join these groups to stay up to date with the latest project developments. $WSM is positioned to explode in 2024 due to its strong community backing, limited supply and recent recognition from Elon Musk. Musk retweeted the projects Twitter account as the presale of $WSM began.

$WSM will be the next meme token to explode and is certainly worth investing in 2024. To take part in the presale, simply connect your wallet to the official Wall Street Memes presale page.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

How To Invest in a New ICO

Bitcoin Minetrix is the best upcoming ICO to consider right now. Luckily, there is still time to invest during the presale while the price of the token is undervalued. Presale investors will be rewarded with guaranteed returns. Here’s how to get involved.

Step 1: Buy ETH from eToro

Firstly, you will need to hold crypto tokens that can be swapped for $BTCMTX. As an ERC2-20 token, you can swap either ETH or USDT for the ICO crypto.

etoro invest in crypto icos

You can purchase ETH or USDT from eToro – our recommended trading platform. eToro provides a streamlined trading platform through which you can invest in cryptos easily. Here’s how to buy ETH or USDT from eToro.

Sign up on eToro

Create an eToro trading account by following the steps bellow:

  • Go to eToro.com and click on the ‘Create an Account’ page.
  • Select a username, input your email address, and then create a password. You can also sign up using your Facebook or Google accounts.
  • Check and accept eToro’s Terms and Conditions, Privacy Policy, and Cookie Policy by checking the boxes.
  • Click the ‘Create Account’ button to get started.
  • Verify your email address by checking your inbox.

Deposit funds

how to buy upcoming icos

To deposit funds into your eToro account, select any of the available payment options in your jurisdiction and follow these steps:

  • Log in to the trading platform
  • Click on ‘Deposit Funds’.
  • Enter the amount and the currency of your choice.
  • Choose your preferred payment option from the drop-down menu, then finalize the transaction.

Search for ETH or USDT

Now that your funds are available accessible in your account, you can proceed. Find Ethereum or Tether by performing a simple search on the trading platform. If you want to execute a trade pair order, click on it.

Execute order

After selecting a trading pair (for example, ETH/USDT), click the “BUY” button to place the order and complete the transaction.

Step 2: Transfer ETH to MetaMask

The next step is to transfer your ETH or USDT to a wallet that can be connected to the Bitcoin Minetrix presale. We recommend MetaMask for desktop users or Trust Wallet for mobile users. To send crypto from eToro to a crypto wallet, follow these steps:

  • Open the eToro Money app on your mobile device and sign in.
  • Under the ‘Crypto’ tab, tap the type of cryptocurrency you wish to send. In this case, Ethereum.
  • Tap ‘Send’. On this page, you will select the amount to send and enter the Metamask wallet public address. Type in the public address.
  • Make sure that the address has been input correctly and then tap ‘Send’.
  • An SMS with a verification code will be sent to your mobile phone. Enter the code you receive and tap ‘Verify’.
  • That’s it! A screen will appear, confirming that your send request has been received. You can check on the status of your request by going to the ‘Transactions’ screen.

Step 3: Connect MetaMask to Sponge V2 token presale

The next step is to connect your crypto wallet to the ICO presale of your choice. For this example, we will use Sponge V2.

connect your wallet to sponge v2 upcoming ico

To connect your wallet, simply select ‘Buy Now’ and choose the relevant wallet option.

You may need to confirm the connection by entering your wallet password into your browser.

Step 4: Swap ETH or USDT for SPONGE

Navigate to the swap function and swap ETH for SPONGE tokens. You will need enough ETH in your wallet to cover network fees.

Then, stake your SPONGE tokens to start receiving V2 coins before exchange listings.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Are ICOs Profitable?

Whether an ICO is profitable or not depends on a number of factors such as the project’s overall potential, the team behind it, the market conditions, and the investor’s timing of investment and exit strategy. Some ICOs have been highly successful and generated significant returns for investors, while others have failed and resulted in significant losses for investors.

Investing in ICOs is similar to investing in a startup, and as such, there is a high risk of losing the invested capital. Before investing in an ICO, it is essential to conduct thorough research on the project, the team behind it, and the market conditions to assess the potential for growth and success. Additionally, it’s always a good idea to consult a financial advisor before making any investment decisions.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

How To Find Upcoming ICOs

There are several ways to find upcoming ICOs in 2024. A good idea is to use reputable platforms that are well-known in the crypto space. These platforms are more reliable and will announce legit ICOs that could provide great returns. Here are some examples of where to find upcoming ICOs in 2024:

  • Through social media pages: Many crypto exchanges will use social media to announce new coin listings to investors. Therefore, it is a good idea to follow several exchanges on Twitter or other social media platforms to stay on top of new tokens.
  • Crypto news sites: Crypto news sites publish daily information about activity in the crypto space. This often includes new listing announcements, which are published as soon as the news outlet hears about an upcoming ICO.
  • Coin aggregators: Aggregators are platforms that provide information about the latest cryptos and DeFi projects. Through a coin aggregator, it is possible to find an upcoming ICO list that will provide details on the latest crypto ICOs. When using an aggregator, always fact-check information and make sure that you are using updated lists.

How we choose legitimate ICOs – Ranking Criteria

Unfortunately, not all crypto ICOs are legitimate. Our comprehensive list of ICOs provides an overview of the latest ICO projects that are legal and could offer investors excellent returns. But what if you’re not sure if an ICO is trustworthy? Here are the simple ways we check they’re legitimate:

  • We look for information about the team and advisors behind the project: legitimate cryptocurrency ICOs should provide details about the people behind the project. Sometimes creators choose to use pseudonyms instead of their real names. This is fine and can still be considered a level of transparency.
  • We point out that the project’s white paper should be clear and detailed: All legitimate crypto ICOs should have a whitepaper with details about the project. If there is no such document on the official website, it could be a sign that the project is not legitimate.
  • Check if the project has a working prototype or MVP: Legitimate ICOs usually provide details of a token’s address, so it can be seen on the blockchain.
  • Look for partnerships and collaborations with companies or organisations that are already established: Companies and public figures tend to avoid partnerships with fraudulent ICOs to protect their reputation. Therefore, it’s a good sign if an ICO project is backed by a well-known brand or celebrity. Mentions of the project on major news channels are also important to check if it is legitimate.
  • We follow whether the project has a clear and realistic roadmap: A solid roadmap is essential for long-term success in the crypto space. Legitimate ICO cryptocurrencies should have an established roadmap outlining how the team will increase the value of the token over time.

Conclusion

Investing in ICOs is like investing in a startup, a guarantee of success is very difficult to be promised at the early stage of a project, this is why we have helped you to streamline the best upcoming ICOs to watch out for in 2024. Sponge V2, Bitcoin Minetrix, Meme Kombat, and TG Casino are all excellent options to consider this year. Although these projects have great potential and promise investors rewards and profits, it is important to remember that the crypto market is extremely volatile and it is best to take losses that you can afford.

 

sponge v2 best ico

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Frequently Asked Questions

What is the best upcoming cryptocurrency ICO?

Where to find upcoming ICOs to invest in?

Can you make profit through ICOs?

Are ICOs the same as presales?

Are ICOs a good investment?

When is the best time to invest in an ICO?

Can I make guaranteed money from ICO?

References:

Maryam Jinadu

Maryam Jinadu

Maryam Jinadu is a freelance crypto & fintech writer. After completing her pharmacy degree at the University of Lagos, Nigeria, in 2018, she began writing professionally in fintech. She has worked with top fintech/crypto companies such as Bit.com, Equalizer, Koinly, Olymp Trade, Salesgnomics, Scribbr, and Swapzone. She currently freelances on Upwork and writes weekly reviews at 18digits.com. Maryam lives in Manchester, United Kingdom.