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As Bitcoin teeters on the edge of a new all-time high, the cryptocurrency market is rife with opportunities for outsized gains.
This article looks at the top seven new cryptos to watch this month. We analyzed use cases, trends, narratives, expert opinions, prices, and more.
Based on the criteria, the top picks are Slothana, Dogeverse, Ethena, Dogecoin20, Degen, 5th Scape, and Wormhole. Let’s take a closer look at each.
Slothana
One of the sector’s hottest new trends is presale meme coins on Solana. Book of Meme and Slerf ignited the frenzy, then new pioneers like Slothana have added to it.
Slothana is a lazy sloth-themed meme coin experiencing unparalleled interest amid its presale. The project raised over $10 million in its opening two weeks and has now eclipsed the total raises of Book of Meme and Slerf.
Following their launches, BOME and SLERF achieved remarkable feats, with BOME becoming the fastest meme coin to a $1 billion market cap and SLERF overtaking Ethereum in 24-hour on-chain trading volume. Indeed, this presents an immensely bullish outlook for the upcoming meme coin Slothana.
Another factor to look out for is rumors that the Smog team is behind Slothana. Smog launched in February and exploded to over a $200 million market cap, netting early investors a 100x ROI. These rumors are enhanced by the Smog team commenting on Slothana’s first-ever X post.
Visit Slothana Presale
Dogeverse
Dogeverse is the latest meme coin to cause a ruckus in the crypto market. However, having launched less than 24 hours ago, this could be the perfect entry point for traders seeking the next big thing.
The project raised a whopping $250K in its opening hour, and it now totals over $450K.
Currently, investors can buy $DOGEVERSE for $0.00029, but this will rise to when the presale hits $370K.
Dogeverse’s immense early success is thanks to its novel position in the market. Currently, it is the only multi-chain meme coin available across the six hottest smart contract-enabled blockchains.
It is already available on Ethereum, BSC, and Polygon, and it will soon launch on Solana, Base, and Avalanche.
Indeed, this makes Dogeverse the most versatile meme coin on the market, enabling it to seamlessly roll with any upcoming narrative while providing ubiquitous accessibility.
Presale investors can stake their Dogeverse tokens and currently earn a 7,567% APY.
Visit Dogeverse Presale
Ethena
Ethena is currently the number one trending cryptocurrency on CoinMarketCap and for good reason. The project is a decentralized finance protocol offering a yield-generating stablecoin (USDe).
Currently, ENA is priced at $1.26, up 13% today and 123% this week. It holds a $1.7 billion market cap and a $1.5 billion 24-hour trading volume.
The project initially caused a stir after recently airdropping 5% of its total supply to USDe holders. However, excitement has resurfaced as the team announced the next airdrop round is coming.
According to the announcement, users must stake ENA to gain eligibility. X blockchain analytics account LookOnChain reported that whales are removing ENA from exchanges to stake it, likely drastically reducing sell pressure and enabling its price to flourish.
Analyst José Maria Macedo said, “This is extremely smart,” and noted that “now all the farmers who sold their airdrop rewards will have to buy back $ENA to maximize farming rewards.”
Dogecoin20
Unleashing a new wave of memetic excitement, Dogecoin20 is looking ahead to its IEO after raising over $10 million in one week of presale.
This Dogecoin-inspired meme coin encapsulates the market leader’s vibrant essence while ushering in novel financial innovations for lasting success.
Its most anticipated feature is a Stake-to-Earn mechanism, enabling users to lock up their funds and earn passive rewards. Currently, they can garner a 50% APY, but this will fall as the staking pool grows.
Adding to its allure, Dogecoin20 employs the scarcity principles pioneered by Satoshi Nakamoto, introducing a capped supply of 140 billion tokens. This helps stave off inflation and price dilution.
These advantages over the OG meme coin have turned heads in the crypto community, with Jacob Bury recently speculating the project holds 100x potential.
But with its exchange launch set for Doge Day (4/20), those looking to secure the discounted presale price should act fast.
Visit Dogecoin20 Presale
Degen
Coinbase’s Ethereum layer 2 network Base has been gaining tremendous traction recently, with its TVL and active users surging.
Therefore, its leading meme coins are also seeing gains. Degen is its second-largest meme coin by market cap, currently valued at $539 million.
Its price is down 13% today but up 138% since launching on CoinMarketCap.
With Base gaining momentum, Degen’s short-term pullback could mark a strong entry point for traders who missed the initial pump.
Meanwhile, since Degen is Base’s second-largest meme coin, it has room for growth to catch market leader Brett. What’s more, meme coin degens often favor the underdogs, hinting at bullish potential for Degen.
Another factor swinging in its favor is its unique utility as a layer 3 scaling solution. Through this innovation, market participants can enjoy low fees on a chain “built for degens.”
Transaction fees will be settled in the DEGEN token, providing a degree of utility uncommon in the meme coin sector.
5th Scape
With the VR industry quietly making its way to crypto, 5th Scape is one of the top cryptos to watch this week.
The project intertwines VR and gaming technology to provide unparalleled immersive experiences.
Indeed, this use case has stoked excitement in the investor community, with market participants scooping up over $4.5 million worth of $5SCAPE so far.
The project’s venture begins with a mixed martial arts-themed game called Cage Conquest, soon to be followed by archery, soccer, and racing games.
Each game will offer its own distinctive set of heightened experiences, powered by 5th Scape’s proprietary VR headsets and gaming chairs.
Meanwhile, the 5th Scape token offers a fresh outlook to the project, providing novel staking benefits like lifetime free access to the platform, in-game advantages, exclusive access to new features and more.
But with the presale price rising as the campaign advanced, potential buyers should act fast.
Visit 5th Scape Website
Wormhole
Wormhole is a cross-chain messaging protocol that serves a vast portion of the industry’s interoperability needs.
While the protocol is well-established, its token, W, is much newer, having only launched one week ago.
Currently, it is priced at $0.86, down 12% today and 37% since CoinMarketCap data began.
It holds a $1.5 billion market cap and a $366 million 24-hour trading volume.
While its price chart has made lower lows since the launch, it is worth watching for signs of a potential recovery in the coming weeks.
The W token will govern the Wormhole protocol. According to its website, Wormhole supports over 30 blockchains, has facilitated over $40 billion in cross-chain transfers, and over 200 applications use the service.
Given Wormhole’s instrumental role in blockchain interoperability and the recency of W’s launch, this project could be primed to outperform the market looking ahead.
