Markets
3 New and Exciting Cryptos to Buy in a Boring Market
Source: Chinnapong / Shutterstock
The crypto market has been very dull over the past few months. Bitcoin (BTC-USD) has declined significantly from its recent all-time high and may decline. During this time, most altcoins have struggled more and more. The altcoin market has been crushed over the past few months, with many hot projects seeing their valuations drop to a fraction of what they were in the first quarter of 2024.
That said, I don’t think it’s all doom and gloom in the crypto market. Some meme coins are doing very well in the current cycle, and I think it’s worth looking into such projects. Crypto traders congregate in areas of the market where money is directed. As a result, I think it makes sense to embark on select projects at times like this. Of course, I would always suggest investors only put “fun money” into meme coins, as they are not long-term investments and are more like short-term lottery tickets. With that said, here are the three exciting new cryptos to consider right now.
Non-playable coin (NPC-USD)
Source: Gorodenkoff / Shutterstock.com
Non-playable piece (NPC-USD) is a crypto meme and NFT hybrid, inspired by the non-playable character meme. The token’s motto is a homage to the phrase “I support the current coin.” Each token is convertible to NFT at a rate of 1:1, and its total supply is equal to the total human population recorded on July 26, 2023 (8,050,126,520 tokens). Currently, NPC trades on decentralized exchanges like Uniswap (UNI-USD) And Ethereum (ETH-USD), as well as centralized exchanges like Coinbase (NASDAQ:PIECE OF MONEY).
This project was one of the most impressive in recent months. The token’s explosive price action has shown no signs of stopping, with the NPC cryptocurrency having gained over 177% in the past month at the time of writing. I think it has the legs to climb even further since many non-dog coins like Pepe (PEPE-USD) And Notcoin (PAS-USD) have done so during the current cycle.
Super Trump (STRUMP-USD)
Source: Joseph Sohm / Shutterstock.com
Super Trump (STRUMP-USD) is a sort of cryptocurrency homage to the political legacy of Donald Trump, the 45th president of the United States. This project aims to create a digital ecosystem that respects Trump’s principles of limited government and a free market economy. This crypto is not affiliated with Trump, but many Trump-related meme cryptos have done well this cycle. STRUMP is one of the most optimistic names around, gaining 241% over the past month.
I think there are many catalysts that could send this meme token even higher. Trump’s sentencing is scheduled for July, which could generate significant media coverage for him and his campaign. Plus, Trump will likely do better in the current election, judging by the poll numbers. This should lead to a lot of hype around political coins like STRUMP.
BiaoQing (BIAO-USD)
Source: Shutterstock.com/ChrisStock82
No huge Asian meme was turned into a coin. BiaoQing (BIAO-USD) aims to change the situation in this regard. This project is based on the famous Asian meme BiaoQing, a panda with human facial expressions. I would say he’s the equivalent of Pepe in the Western world.
Seen all over Asian chat rooms and used as emojis by Orientals, BIAO is the most popular meme in the world. With more and more Asian investors entering the crypto scene every day, I think it could gain a lot more traction.
BIAO has onboarded famous influencers, listed on centralized exchanges, formed partnerships and also released Telegram games. So, I think this token has more use cases than most coins even of its size.
Projects market capitalization stands at just $16 million, and the BIAO crypto has surged 147% in the last month alone. Indeed, there is a good chance that this Asian coin will be one of the biggest names as more and more Asian crypto investors flock to blockchain.
As of the date of publication, Omor Ibne Ehsan did not hold (neither directly nor indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.
Omor Ibne Ehsan is an editor at InvestorPlace. He is a self-taught investor who focuses on growth and cyclical stocks that have strong fundamentals, value and long-term potential. He is also interested in high-risk, high-return investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.