5 Promising New Cryptos to Watch in 2024

As we near the end of 2024, the cryptocurrency market presents a tantalising array of opportunities that savvy investors can't afford to overlook.

As 2024 draws to a close, the cryptocurrency market presents a promising landscape ripe with opportunities for savvy investors. Amidst the volatility and transformation, several cryptocurrencies stand out, poised for significant growth and backed by strong fundamentals.

Here are five promising cryptocurrencies to watch in 2024, each offering the potential for promising returns.

1. LuckHunter (LHUNT)

LuckHunter is a new-age online casino and sports betting platform that seamlessly integrates blockchain technology to enhance user experience, security, and transparency.

Established in 2024 and licensed in Curacao, LuckHunter aims to revolutionize the online gambling space by merging the best of both worlds—crypto and gambling.

With a grand vision to become the leading crypto casino and sports betting platform, LuckHunter boasts an impressive lineup of over 200 games, including slots, table games, live casino, and sports betting options.

Moreover, the platform introduces an exciting Play-to-Earn concept, rewarding users for their engagement and activity on the platform.

Why Invest Now?

As the platform gains steam and attracts a growing player base, LHUNT tokens will likely experience a surge in demand, especially considering the limited supply of 1 billion tokens.

With the presale generating buzz across crypto news outlets and increasing interest in blockchain-based gaming, LHUNT tokens are anticipated to appreciate substantially, making it an optimal time for investors to acquire them at a lower entry point.

2. Moonbeam (GLMR)

Moonbeam is a multi-chain smart contract platform that operates on Polkadot. It’s designed to provide developers with the necessary tools to effortlessly deploy decentralized applications (dApps).

Unlike other platforms, Moonbeam focuses on interoperability, setting it apart in the competitive blockchain landscape. By enabling dApps to communicate and transfer assets across multiple chains, Moonbeam caters to a broader audience and diverse ecosystem.

This platform’s key features include:

Moonbeam is fully compatible with Ethereum Virtual Machine (EVM), allowing developers to easily port their existing Solidity code onto Moonbeam.

It offers low transaction fees and a high throughput of up to 2,000 transactions per second, ensuring scalability and cost-effectiveness for both developers and users.

Moonbeam boasts a robust community and a wide range of decentralized applications already integrated into its platform, spanning DeFi, NFTs, and DAOs.

3. Immutable X (IMX)

Immutable X is a layer-2 scaling solution for Ethereum that’s specifically designed for NFTs and gaming. It aims to eliminate the high gas fees and slow transaction speeds associated with Ethereum, providing a seamless experience for users and developers.

By leveraging zk-Rollups technology, Immutable X can process up to 9,000 transactions per second and boasts a gas fee of less than $0.00001. This makes it incredibly cost-efficient for minting, trading, and transferring NFTs.

Moreover, Immutable X is fully interoperable with Ethereum, allowing users to seamlessly move their NFTs and assets between the two platforms.

This platform’s key features include:

Immutable X is designed specifically for NFTs and gaming, catering to a rapidly growing and highly engaged market segment within the Web3 space.

It offers ultra-low gas fees and high transaction throughput, catering to the high-volume nature of NFT trading and minting activity.

Immutable X boasts a strong partnership with GameStop, which positions it at the forefront of merging Web2 and Web3 technologies in the gaming industry.

4. Avalanche (AVAX)

Avalanche is a decentralized platform that enables developers to build scalable dApps and custom blockchain networks. Its unique consensus mechanism allows for high-speed transactions and low latency, making it a formidable competitor to Ethereum.

Multiple blockchains, known as subnets, can be deployed on Avalanche, each tailored to specific use cases or applications. This modular architecture enhances performance and caters to diverse requirements.

This platform’s key features include:

Avalanche boasts a lightning-fast network, capable of processing up to 4,500 transactions per second with a latency of less than 2 seconds.

It offers low transaction fees, typically ranging from $0.001 to $0.005, catering to cost-sensitive use cases and high-volume transactions.

Avalanche is highly scalable, allowing for the creation of subnets that can be customized for specific applications or use cases.

5. DeFi Coin (DEFC)

DeFi Coin is an up-and-coming cryptocurrency that aims to provide users with access to decentralized finance services, including yield farming, staking, and trading. Its user-friendly interface and robust ecosystem make it an attractive option for investors.