The best way to invest in cryptocurrencies before the bubble explodes is through ICOs. Filecoin, Ethereum, Chainlink, and many other billion-dollar cryptos have raised funds via ICO marketing, so this niche can prove to be highly rewarding.

This guide brings you the 7 best upcoming ICOs that meet strict investing criteria. Each Initial Coin Offering (ICO) comes with a concrete upside perspective and offers the ability to invest from the ground up.

Significance Of ICO Investment In 2024

A crowd or token sale is a popular fundraising tool of the era. It’s becoming a lucrative alternative for start-ups that are eager to raise capital quickly. The ICO process is unregulated and thus faster as compared to traditional investment-raising options. Blockchain technology is what you must consider if you’re interested in exchanging your cryptocurrency. The founders as well as investors get the benefit of this brand-new idea. ICOs provide huge financial liquidity to the donors and the real-time pricing of tokens depends on the venture’s current worth.

There is a surge in the popularity of initial coin offerings due its the democratization of wealth-generating possibilities. The fiat currencies involve paying taxes to the authorities, which makes cryptocurrency more viable and profitable to the riches. Its worldwide accessibility increases the customer base by 25x. 

How To Select The Best Upcoming ICOs?

There are a few things you need to consider while selecting an ICO to put your money in. Here are a few points to consider before you leap:

Do your research: Make sure you understand the mission and vision of the project. Read their roadmap to know their goals and if they have a realistic plan. The whitepaper will give you a fair idea about their team and its potential in getting the project done.

Study the tokenomics: The tokenomics of the project includes the total token supply, its price, and distribution details. Too many tokens in a project could devalue them.

Mull over the risk factors: If you want to invest in crypto projects assess all the risks involved. Double-check the company’s background and their minimum viable product well. This entire ICO process is unregulated by financial authorities making investors easy prey to scams.

Use a popular exchange: You can use digital tokens or tokens with Ethereum, Bitcoin, or fiat currency. However, there are a lot of scammers out there so use an exchange that you trust.

Diversify your investments: This is a thumb rule for all your investments. Don’t put all your eggs in the same basket. Invest in different ICOs to help you manage your financial portfolio in an ideal manner.

ICO Due Diligence – Guide For Informed Investments 

Financial advisors are the best to conduct wide-ranging due diligence. Read on to learn more about the key elements that will guide you to make your donations.

  • Company or founder credentials and its track record
  • Proposes product and services
  • Possible competition in the market
  • Cyber security and code audits
  • Token utility and uses
  • Sale structure and token valuation of tokens
  • Market conditions and growth projections
  • Planned uses for the funds raised

Advisors should thoroughly nitpick whitepapers, assess alignment with client goals, and interrogate assumptions before recommending any ICO. Use only discretionary risk for their capital invested.

Ethical obligations persist in this industry. Clients should remain up-to-date with the current trends, ICO development, and strategies, risks involved to make informed decisions. Monitoring regulatory landscapes around KYC and anti-money laundering can determine an investor’s eligibility to participate in the ICO. A high level of caution should be warranted.

Remember –

“Do your research”

“Invest only what you can afford to lose”

Upcoming ICOs That Shouldn’t Be Missed in 2024

We have compiled a list of the best upcoming ICOs in 2024 that investors should keep an eye on while prices are bare minimum:

5th Scape

State-of-the-art Immersive VR Gaming project with Ethereum’s efficiency.

Sponge V2

Astonishingly booming meme coin bridging to V2 with play to earn utility and staking model.
Price has pumped 10-fold over the last few months.

Smog

But and gold the Solana tokens to qualify for the airdrop.Join the Smog community and gain extra points that will contribute towards airdrop after the launch.

Green Bitcoin

Shareholders are entitled to extra bonuses for long-term investments.
Passive earnings with less consumption of energy.

Meme Kombat

This Ethereum ICO has recently launched ERC20 presale with a 285% estimated APY.
This ICO supports betting and staking on AI-driven meme battles.

eTukTuk

AI-driven EV advocacy for a sustainable transportation revolution in developing nations.
The thrilling eTukTuk play-to-earn game is in the making.

Scotty the AI

This ICO is one of the best AI-driven security coins in the crypto world.
It is in the making of AI-powered crypto chatbot and exchange.

Full Analysis Of The Best Upcoming ICOs Of 2024

You just read the gist of the best upcoming ICO list above. Now let us review them in detail, exploring why they are so sought-after.

1. 5th Scape – Top Pick ICO That Combines Virtual Reality And Blockchain Technology

The 5th Scape cryptocurrency initiative offers an innovative blend of blockchain technology and virtual reality. The native crypto token $5SCAPE will be used as currency within the ecosystem. In addition, token holders will receive discounts on VR goods and special access. The 5th Space team plans to raise the bar for the future of the gaming industry. This platform will transform the way players interact with virtual space.

Features:

  • An ultimate gaming experience paired with blockchain technology
  • Integrating educational and cinematic content
  • Exclusive in-game advantages
  • Lifetime complimentary access to curated VR content 
  • Discounts on various VR gears

Tokenomics:

There is a total supply of 5.211 billion $5SCAPE tokens, and 80% of those are being sold in the presale event, through a total of 12 funding rounds. The ICO presale of $5SCAPE tokens has a goal to raise $15 million to develop its infrastructure and games.

Presale Statistics:

Total Supply

52.11 billion

Token Type

ERC-20

Blockchain

Ethereum

Native Token

$5SCAPE

Purchase Methods

ETH, USDT

2. Sponge V2 – 100 Times Increased Stakes: A Promising ICO In 2024

Sponge saw a noteworthy rise last year, reaching a $100 million market capitalization within a few months of its launch. To revive its community the team has come up with version 2 of the game. $SPONGEV2 tokens are facilitated through the stake-to-bridge mechanism, requiring the V1 token holders to withdraw their shares before the pool closes. As per the Sponge V2 whitepaper, the investors having the $SPONGE token can only purchase version 2 coins. V1 will be permanently locked and investors will get V2 tokens and rewards benefits for 4 years.

Features:

  • No presale, no taxes
  • Buy Sponge V2 tokens by staking V1 tokens through its website
  • Stake-to-bridge mechanism is used to stake V1 to V2 tokens
  • You can buy some from the V2 dashboard
  • Gives investors the best chance to enter at the lowest possible price
  • Staking rewards will be distributed over four years
  • Ample CEX liquidity

Tokenomics:

Sponge V2 is set to introduce a total supply of 150 billion tokens. The token allocation breakdown is as follows – 43.09% will be reserved for skating rewards, 26.93% for bridges $SPONGE, and 10% for CEX liquidity. The remaining tokens will be directed toward infrastructure, P2E rewards, and game development. 

Presale Statistics:

Total Supply

150 billion

Token Type

ERC-20

Blockchain

Ethereum

Native Token

$SPONGEV2

Purchase Methods

ETH, USDT, MATIC, Card

3. Smog – The Greatest Airdrop In History With 42% Staking Yield

Smog is a hot upcoming meme coin built on the Solana blockchain. $SMOG was launched directly on the Jupiter decentralized exchange. SMOG offers high staking yields and massive airdrop rewards. They’re running one of the most anticipated airdrop campaigns to attract investors. This meme coin has gained traction with its market cap surging to over $70 million.

Features:

  • Biggest airdrop campaign by holding stakes
  • Engage in simple social media tasks to earn airdrops
  • Passive income-earning potential for token holders
  • Solana-compatible wallet like Phantom, Solflare, or Backpack is required to join the community

Tokenomics:

The airdrops will be distributed on the Solana blockchain. 50% of the token supply will be used for marketing, 35% will be reserved for rewards, 10% for CEX launches, and 5% for DEX liquidity.

Presale Statistics:

Total Supply

1.4 billion

Token Type

SPL

Blockchain

Solana

Native Token

$SMOG

Purchase Methods

SOL, USDC, ETH, USDT

4.Green Bitcoin – Sustainable And Environment-Friendly, Gamified Prediction Ecosystem

Green Bitcoin creates an environment-friendly, gamified prediction network by combining Ethereum and Bitcoin blockchain technologies. This is easy to use and gives sustainable incentives to the stakeholders. This program managed to turn Bitcoin into a green alternative with the use of a proof-of-staking mining mechanism. The green skating strategy is a means to generate passive income with great return on investment options.

Features:

  • Eco-friendly, gamified forecasting ecosystem
  • Has appealing potential for both active and passive income generation
  • Gain rewards by forecasting Bitcoin prices
  • The benefits you reap are proportional to the amount you invest and the time length you stay in the ecosystem
  • Energy efficiency is 10,000 times higher with the Ethereum blockchain

Tokenomics:

Out of the total token supply of $5 billion, 50% were allocated towards presale. A further 20% was to be given out as staking rewards and 10% as community rewards to the loyal members. The remaining stakes were distributed for marketing and liquidity purposes.

Presale Statistics:

Total Supply

5 billion

Token Type

ERC-20

Blockchain

Ethereum

Native Token

$GBTC

Purchase Methods

ETH, USDT, Card

5.Meme Kombat –The Play-To-Earn and Stake-To-Earn Token With 512% APY

Next on the list of the best upcoming ICOs is Meme Kombat, a battle-style game competed by two meme characters. Each character corresponds to a meme coin from the crypto universe – Shiba, Floki, Pepe, SpongeBob, etc.

The blockchain and Ethereum-backed smart contracts dictate the results of battles. Additionally, Meme Kombat has integrated AI into its play system. Its whitepaper states that this is done to make sure every meme combat stands apart from the others. The exciting part is: Meme Kombat lets users bet $MK tokens on every battle.

Features:

  • Offering exclusive earning opportunities on its play-to-earn ecosystem
  • Stake-to-bet on meme battles powered by artificial intelligence and smart contracts
  • Investors can generate 422% of APY during the presale
  • The minimum lock-up period on Meme Kombat ICO is two weeks
  • Early investors get referral bonuses and extra passive income
  • Meme Kombat benefits from a low token supply

Tokenomics:

Meme Kombat has allocated 50% of its total supply – 60 million tokens – for the ongoing presale. Priced at $0.279 per $MK token, this meme coin is going to stir the markets after its launch. With a lower supply of tokens and higher demand predictions, this upcoming ICO with earn a many-fold yield for the investors. To cater to its community, the meme platform will devote 30% of its tokens as battle and staking rewards. A further 10% will be allocated to the DEX liquidity pool and 10% as the loyalty bonus to its community members.

Presale Statistics:

Total Supply

120 million

Token Type

ERC-20

Blockchain

Ethereum

Native Token

$MK

Purchase Methods

USDT, ETH, BNB

6. eTukTuk – Revolutionary AI-Backed Transportation Geek

The next sustainable cryptocurrency platform – eTUKTUK – is set to break all records in the green revolution. Intending to promote the adoption of electric vehicles amongst TUKTUK drivers this venture is sure to gain popularity in developing countries. The green mobility project is setting up charging stations with local territory partners to reduce the costs massively. 

Good news for the gaming enthusiasts! eTukTuk will introduce a play-to-earn game through which players can earn additional $TUK tokens. The lucrative use cases and reward opportunities can make this cryptocurrency a huge success post the exchange listings.

Features:

  • Promote the adoption of EVs among TukTuk drivers
  • High annual yields – up to 223%
  • Drivers can take home up to 400% additional rewards
  • Multi-use $TUK tokens can be staked into power nodes to operate charging stations
  • One of the fastest-growing cryptos
  • Play-to-earn game in the making

Presale Statistics:

Total Supply

2 billion

Token Type

BEP-20

Blockchain

BNB Smart Chain

Native token

$TUK

Purchase Methods

USDT, ETH

7. Scotty The AI – Cryptocurrency With Cutting-Edge AI Technology For Advanced Security

Scotty was introduced in the crypto market to improve security and fraud detection. The combined approach of blockchain technology and artificial intelligence is the need of the hour. Scotty is equipped with advanced AI algorithms to analyze blockchain patterns, detect frauds, and neutralize risks with great accuracy and speed. 

Scotty the AI is all set to introduce an AI-powered chatbot and a ‘Scotty Swap’ tool facilitating token swaps for user assistance. Scotty has plans to list on major exchanges like BitMart and Uniswap. It shows a strong commitment to utility and community engagement.

Features:

  • Project with unique characteristics using AI to improve security in the crypto space
  • Stake $SCOTTY tokens with 140% APY 
  • Token rewards are distributed at a rate of 82.5 $SCOTTY per ETH block
  • Community-centric approach
  • Designed to maintain integrity across blockchain networks
  • You gain access to an AI-powered chatbot, swapping tools, and huge staking rewards

Presale Statistics:

Total Supply

2 billion

Token Type

ERC-20

Blockchain

Ethereum

Native token

$SCOTTY

Purchase Methods

USDT, ETH, Card

 

Investment Strategies For Upcoming ICOs Of 2024

Investing in ICOs is a sure game changer in the future. However, if you decide to put your money in the crypto space you’re opening doors to high-risk profiles. Do your homework and strategically invest in an ICO that is legit and safe. 

Invest Smart, Earn Large!

Here are a few points to be considered:

  • Look for projects with good long-term fundamentals
  • The project team should be competent to achieve their objectives and deliverables
  • Early investors get additional bonuses during the presale ICO
  • Diversify your investments to minimize risks
  • Set your funding goals and limits
  • Stay updated on the latest market news and trends, and regulatory changes

How to Invest In An ICO?

Getting your hands on an ICO token is pretty straightforward. Tokens or coins are an easier investment option than other financial assets. However, familiarizing yourself with the procedure is still necessary to ensure that your money is kept safe.

Step 1 – Choose Your ICO:

Let’s reiterate what we have already discussed concerning the evaluation of ICOs – you need to find the best upcoming ICO that is legit and has high potential to succeed. Refer to the ICO Calendar to make your choices. The official page of the ICO will give you all the key information about the project.

Inquire about the type of tokens you’ll need to invest in the venture. You’ll have to buy cryptocurrencies that are accepted by the ICO you have selected. While ETH and USDT are commonly accepted, a few ICO platforms do let you buy with a card or fiat currency.

Step 2 – Buy Your Crypto:

Acquire crypto funds such as ETH, BNB, USDT, etc. that will be exchanged for ICO tokens. Check the ones that are accepted on the ICO website. 

Step 3 – Set Up Your Cryptocurrency Wallet:

Download and set up a trusted and compatible wallet to make your transactions smooth and safe. MetaMask and Wallet Connect are popular wallet options. Set up your accounting there and remember to securely store your private keys. Follow the maximum security options to ensure your transfers and balances are protected.

Step 4 – Make Your Purchase:

Every ICO will outline their “How to Buy” instructions on their official web portal. The steps often consist of linking your wallet and making your transactions with your cryptocurrency. The ICO will outline when and how you will receive your tokens.

Risks Of ICO Investments

ICOs are inherently risky. The primary causes include a lack of regulatory supervision, exorbitant investor expectations, and high volatility and market manipulation. Let’s elaborate on them a bit.

Lack of Regulatory Oversight

ICOs don’t adhere to strict rules and regulations by any financial governing body, unlike traditional investment methods. This is the main reason why ICO investments are so speculative. Investors should be careful of the rug pull and pump and dump schemes where the team will take off with all the funds.

Unrealistic Expectations

Investors often contribute funds based on speculations and promises, without evidence of the project’s achievability and potential for success. There are chances that the projects never materialize or fail to deliver, resulting in financial losses for the participants. Do due diligence and study whitepapers and roadmap of the project to avoid severe losses.

Volatility & Market Manipulation

Cryptocurrency and ICO tokens both come under the radar of high market volatility. The unregulated industry is exposed to high levels of price fluctuations and market manipulations.

Best Upcoming Crypto ICOs – Final Thoughts

This article has taken you through all the information you need to know about initial coin offerings (ICOs) that are upcoming in 2024. ICOs have the potential to generate great momentum in the financial markets and investors are eager to see how they perform in the months ahead. 

The investor will do thorough research and analysis of the project details and weigh the potential risks to avoid losses. Returns are not guaranteed due to the volatility of the crypto space. 

One of the best crypto ICOs right now is the 5th Scape (\$5SCAPE) – a project that combines immersive VR gaming and blockchain to make money.

Further Readings

Want to be watchful about the upcoming ICO token sales? Here is some reading material that might come in handy.