What are the most promising NEW coins on Binance for 2024? This article comes with a subset of interesting options to enter the bull market.
Cryptocurrencies, blockchain technology, NFTs, and Web3 are four terms that have a strong relationship with each other. Moreover, the ‘technological’ world is moving and changing fast and opens the gate for new opportunities.
At the time of writing, cryptocurrencies are waking up from the cryptowinter that took place during the entire of 2022 and 2023. Has the bear market in the volatile crypto-assets class ended? Nobody knows for sure, however, the violent rise in the price of Bitcoin since the start of the year, gives hope to a lot of crypto enthusiasts 😄.
Also, there is Binance, the world’s biggest cryptocurrency exchange that constantly has been listing new coins. Additionally, is it time to find the ‘next best gem‘ in the crypto markets that can go 10 to 100x from here?
To help you find some coins with potential, in an ever-growing army of thousands of cryptos; Here are the 7 most promising ‘New’ coins on Binance for 2023.
Most Promising Coins on Binance for 2024
Below is a list of the new coins on Binance that have lots of growth potential. Also, I want to note that I’m just an enthusiastic crypto guy, and it’s wise to do your own due diligence as well.
- Axie Infinity(AXS) – Blockchain-based play-to-earn game
- Near protocol(NEAR) – Layer-one blockchain and smart contracts
- Aptos(APT) – Layer-one blockchain and smart contracts
- MultiversX(EGLD) – new blockchain protocol
- Algorand(ALGO) – Layer-one blockchain and smart contracts
- Hooked Protocol(HOOK) – Web3 adoption
- Render Token(RNDR) – GPU rendering network
- Pepe Coin(PEPE) – Promising new Memecoin
|If you are new to cryptocurrencies and don’t have a clue what crypto exchanges are about. Maybe read my article about why Binance is good for beginners first!
Why Binance and what’s the history behind Binance?
In short, Binance is a very popular cryptocurrency platform where users all over the world can deposit money to buy Bitcoin or other cryptocurrencies. Most beginning crypto investors start their journey on this exchange.
Particularly, Binance has been founded in 2017. Since then, it can be considered the best crypto trading platform if you consider the trading volume and the number of coins listed on Binance.
Moreover, based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis.
Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending services, and earning rewards with staking and lending.
Trading coins on Binance can be done with almost zero fees(0.075%) where you need to hold BNB coins to get the 25% discount for the fees.
Who is Binance for?
As mentioned above Binance is a famous cryptocurrency platform used by millions of traders and investors on a daily basis. Anyone can join Binance(for free), whether you are a professional trader or someone who wants to sell cryptocurrency for money.
Besides finding potential new coins on Binance, the cryptocurrency platform has some other very important functions:
- Crypto wallets – custodial wallets where you can deposit or withdraw crypto
- Finance – a central place to lend out money or get a loan
- Binance Earn – Earn additional crypto by holding or staking
- NFTs – Buy or sell NFTs on the platform’s marketplace
Finally, I want to mention that not all countries have full access to the Binance.com domain and it depends on your local situation. For instance, if you are living in the USA, Canada, or Cuba it can be a bit hard to enter the platform.
Best Coins on Binance for 2024
Next, which coin will ‘pump on Binance‘? That’s the common question most crypto investors seem to ask. According to the volatile history of the crypto markets, this question is justified. However, you must realize that the markets can turn the other way quite quickly.. Moreover, I have been in crypto for more than 8 years and I can speak from experience here!
That being said, below are the coins that I think have a good chance of becoming winners in 2023 and beyond. Particularly, the selection of these coins is based on the number of mentions I get from the different social media channels I follow.
In a nutshell, Axie Infinity is an adventure-based game that has multiple layers of tactical strategies and it uses blockchain technology to generate scarcity. In particular, the game uses a token called AXS(Axie Infinity Shards) that also can be traded in the ‘real world’ on crypto exchanges like Binance. This is a very unique and innovative concept!
While Axie Infinity is a fun game, it’s also taken on characteristics of a social network and jobs platform due to the strong community and play-to-earn opportunities that have come from its early success. In other words, the game is backed by a large community of developers, students, and game fans who all can benefit from its growth.
The key difference between Axie and a traditional game is that Blockchain economic design is used to reward the players for their contributions to the ecosystem. Specifically, this new model of gaming where players can “play to earn” makes the difference.
The AXS token
Axie Infinity Shard (AXS) is the native token of the Axie Infinity ecosystem. AXS is an ERC-20 governance token and can be purchased, traded, or earned through playing the game. Other Axie Infinity-associated tokens include game assets in the form of ERC-721 tokens, and Small Love Potion (SLP), an ERC-20 token.
Next, is NEAR a coin that will ‘pump’ on Binance? NEAR Protocol is a so-called layer-one blockchain project. Meaning, that the project is inspired by Ethereum(ETH) which invented decentralized smart contracts. Near Protocol is designed as a community-run cloud computing platform that eliminates some of the limitations that have been bogging competing blockchains like Ethereum. Such as low transaction speeds, low throughput, and poor interoperability.
Near provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. Finally, NEAR introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
Examples of solutions that currently are being developed on the Near Protocol are:
- trading markets based on assets
- commodity markets
- NFT trading and minting
Another promising coin on Binance is the APT token. The Aptos project is another Layer 1 blockchain project using the Proof-of-Stake (PoS) to run decentralized smart contracts. The main difference with Ethereum is the programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.
In particular, Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems. The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.
Why is the Aptos project so promising? In March 2022, the project raised $200 million in a seed round, and in June 2022 another $150 million. Already on October 2022, they were able to launch the Mainnet version. At the time of writing, the project is ranked 33 on Coinmarketcap.com with a valuation of $2 billion, that’s almost 10x in 6 months! All in all, this is a project to watch out for and still has lots of room to grow in the near future.
Then there is MultiversX which uses the EGLD token symbol. MultiversX is a brand-new blockchain protocol that seeks to offer extremely fast transaction speeds by a technology called sharding. In short, sharding means that the entire blockchain network including the data will be divided into smaller autonomous networks or ‘shards’.
The project describes itself as a technology ecosystem for the new Internet, which includes fintech, decentralized finance, and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, and very cheap: at $0.001 transaction cost.
The EGLD token
Through crypto staking and validation rewards, as well as transaction fees, EGLD manages the Elrond network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.
MultiversX uses what it calls a secure proof-of-stake consensus algorithm in which nodes must stake their EGLD tokens to participate in the validation process. Meaning, that each validator is assigned a rating score based on past activity, which also influences whether or not they are selected. If a validator’s rating becomes too low, it will not be selected and must pay fines.
Another ‘new’ coin on Binance is ALGO, even though this project has already a decent history in the crypto space. In other words, this project was launched before the previous bull market in crypto in 2019.
Algorand is another layer-one blockchain that challenges Ethereum to become number one with smart contracts. In my opinion, to dethrone Ethereum as the number one smart contract platform is maybe a little bit too ambitious, however, it’s worth the try 😄.
Particularly, Algorrand is a payments-focused blockchain and achieves its sub-five-second transaction finality by allowing a minimal staking threshold. In comparison to Ethereum, which will require 32 staked Ether, the nodes on Algorand have to stake only one ALGO. More on Algorand staking here.
The ALGO token has already some serious interest from the real world:
- Attestiv (a digital media validation company);
- Verady (a crypto tax and accounting firm);
- Props (a crypto loyalty token);
- Rhovit (a gamified content platform);
The Hooked Protocol (HOOK) is a decentralized finance (DeFi) project that aims to provide a platform for creating and trading synthetic assets, also known as “hooks.” These hooks are digital assets that track the price of underlying assets. Such as stocks, commodities, or other cryptocurrencies. The HOOK protocol allows users to create their own hooks and trade them on the open market. By using the Ethereum blockchain.
A good example is their first pilot product, Wild Cash. With Quiz-to-Earn experience and other gamified learning features, it achieved an impressive growth of over 2 million monthly active users.
The project aims to provide a more accessible way for users to gain exposure to a wide range of assets. Also, to make it easier to trade them in a decentralized and trustless manner.
Finally, the HOOK token is the native token of the protocol. And is used to govern the protocol, pay for transaction fees, and reward the liquidity providers.
Finally, the Render Token project with its RNDR symbol is another interesting coin on Binance to look after. The RNDR token is a digital asset that is used on the Render Token blockchain network. The Render Token network is a decentralized platform that allows users to share and access computing power to perform complex rendering tasks, such as creating 3D animations, images, and videos.
Particularly, the RNDR currency is used to pay for access to the computing power on the Render Token network. When someone needs to perform a rendering task, they use RNDR cryptos to pay for the use of the network’s resources. Similarly, when someone shares their own computing power with the network, they are rewarded in RNDR coins.
Recommended: How To Trade Render Token(Buying and Selling RNDR)
In summary, RNDR tokens are the cryptocurrency that is used to access and pay for the use of the Render Token network’s computing power. For instance, rendering tasks, and also rewards for the users who share their own computing power with the network.
Since its launch in April 2023, the $PEPE crypto token has taken the cryptocurrency world by storm. With its deflationary mechanism and redistribution system, PEPE Coin has quickly gained a large following despite its disclaimer that it’s intended for entertainment purposes only.
Pepe Coin ($PEPE) is a meme coin built on the Ethereum blockchain. It has gained popularity and quickly become one of the top 50 traded cryptocurrencies since its launch in 2023. Pepe Coin reached a market capitalization of $1 billion within three weeks of its launch. This is contrary to the four-year timeframe it took for DOGE meme coin to achieve the same milestone. The price of $PEPE has been volatile, but the number of individual holders continues to increase.
Finally, on the official website of Pepe Coin, they state that it is intended for entertainment purposes only and carries no expectation of financial return. However, it has garnered significant investor interest, with over a hundred thousand investors purchasing $PEPE.
Conclusion: The Most Promising Coins on Binance
Since the start of the year, the Bitcoin price witnessed a massive rally to the upside of more than 30%. Most of the alternative cryptos are on the rise as well. In this article, I have shared some interesting coins on Binance to look after.
Finally, I want to mention that every new bull market in crypto has its new winners. The coins mentioned above are just a subset of thousands of potential rising stars in crypto for 2023 and beyond. Also, make sure to sign up at Binance here(for free) and you get 10% cashback in crypto for every trade made.
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