The Most Promising Cryptocurrencies for August 2024

As August progresses, the cryptocurrency landscape continues to evolve, especially in terms of prices. Bitcoin (BTC), for example, continues to look positive, as does Ether (ETH) and other major cryptocurrencies. However, there are also some hidden gems among the smaller cryptocurrencies by market cap , which we call promising cryptocurrencies.

While the crypto market is known for its volatility, some tokens have gained attention due to technological developments, strategic partnerships, and other factors. Others have simply become a joke but have ended up registering significant price appreciations.

If you, the reader, are interested in finding some of these gems, this text will help you in that regard. Check out a list of 12 promising cryptocurrencies that have great potential for appreciation in August.

The 12 Most Promising Cryptocurrencies to Invest in 2024

1. 1. Pepe Unchained – Crypto with low fees, high speed and massive staking rewards.

1. 1. The Meme Games – New play-to-earn memecoin celebrating the 2024 Olympics.

1. 1. WienerAI – Infinitely upgradeable sausage dog-themed token offering high APY staking benefits.

1. 1. PlayDoge – Play-to-earn (P2E) mobile game with Doge as the main character.

1. 1. Shiba Shootout : Wild West themed memecoin with community rewards and staking.

1. 1. Base Dawgz: Memecoin multi-chain com recompensas share-to-earn.

1. 1. Mega Dice Token – A CasinoFi token that offers tradable NFTs and staking APYs.

1. 1. 99Bitcoins – Innovative L2E Token, Earn APYs with Staking and Learning Rewards.

1. 1. Sponge V2 – Second version of the successful memecoin inspired by the iconic SpongeBob SquarePants.

1. 1. Kaspa : BRC-20 token standard built on the Bitcoin network.

1. 1. Gala : Gaming platform on the Ethereum blockchain with native token.

1. 1. ORDI : Pioneering BRC-20 token based on the Bitcoin network with ordinal inscriptions.

Detailed analysis of promising cryptocurrencies

Now, take a closer look at our list of seven projects that have the potential to bring in the highest returns. These projects include tokens that have announced their pre-sale as well as names that have been consolidated in the market for a longer time and have had great prominence in terms of appreciation.

1. Pepe Unchained

Pepe Unchained is a Layer 2 blockchain that offers unmatched speed and low transaction fees, designed specifically for meme coin enthusiasts. It provides 100x faster transactions than Ethereum and an instant bridge between ETH and Pepe Chain. With $PEPU, you can stake tokens to earn significant rewards and be part of a vibrant ecosystem.

Pepe Unchained’s dedicated block explorer and lower fees make it an attractive choice in the presale market. To get the most out of this project, read the whitepaper, follow Pepe Unchained on X, and join the Telegram channel.

Visit the Pre-Sale website

2. The Meme Games

The Meme Games ($MGMES) brings the excitement of the Olympic Games to its pre-sale, giving investors the chance to earn bonus tokens every time they purchase $MGMES tokens.

All you have to do is select one of the iconic meme characters, such as Doge, Pepe, and Brett, and try your luck in a 169m race. All characters have an equal chance of winning, and winning a race is random. If your character wins, you get 25% bonus tokens.

You can purchase $MGMES tokens multiple times to increase your chances of winning, as each purchase allows you to pick another meme athlete. During the presale, investors can stake their tokens to earn a dynamic APY of 4,500%. Being dynamic, it will decrease as more tokens are staked, giving early investors the biggest rewards.

Visit the Pre-Sale website

3. WienerAI

WienerAI ($WAI) is one of the biggest memecoin sensations with the potential to fly to the moon when it launches on cryptocurrency exchanges. Within hours of its pre-sale launch, this promising project has already raised over $200,000 in seed funding.

WienerAI comes with a combination of AI and memecoin fundamentals, describing itself as the “first Wiener/Dog/Artificial Intelligence ever created.” With its community-driven tokenomics and strategic roadmap, the dog-inspired token aims to lead the bustling memecoin market.

Despite being a new cryptocurrency, WienerAI has quickly gained prominence, attracting the attention of market whales. A key factor that has positioned Wiener AI for success in the market is its perfect launch timing.

With the overall market sentiment still bullish, investors continued to show a strong appetite for memecoins with “100x potential.” Since Wiener AI is a token with such promising potential, more buyers are sure to participate in its presale.

To purchase the token at a discount and stand a chance of earning exponential gains when it hits exchanges, visit the website now. In addition to purchasing Wiener AI to gain potential market gains, early adopters can also take advantage of its standard staking mechanics to earn lucrative rewards.

Visit the Pre-Sale website

4. PlayDoge

The top memecoin to invest in 2024 is PlayDoge ($PLAY). PlayDoge takes the top spot by introducing a play-to-earn mobile game that will turn the iconic Doge meme into a Tamagotchi-style virtual pet.

Bringing back 90s nostalgia, the PlayDoge mobile game will feature 8-bit 2D graphics, similar to the classic Tamagotchi style of gaming. However, PlayDoge is combining entertainment with financial incentives by launching the $PLAY token.

By caring for your PlayDoge virtual pet and competing in mini-games, you can earn $PLAY tokens as a reward. The upcoming launch of the app will showcase the best performances in the game on an online leaderboard. Top performers will also be eligible for additional $PLAY bonuses and other exclusive rewards.

PlayDoge launched at a time when investors are starting to value utility. In the past 30 days, Dogecoin – purely a memecoin – is up 15%, while high-utility memecoins like Floki Inu – which has a P2P game called Valhalla – are up over 50%.

$PLAY token holders can gain more utility by staking their tokens. Currently, $PLAY is priced at $0.00451 in the presale. The presale will consist of 40 rounds, through which PlayDoge aims to raise a maximum cap of $24.4 million.

Visit the Pre-Sale website

5. Shiba Shootout

Shiba Shootout is a Western-themed memecoin featuring Shiba Sharpshooters and an engaging storyline. The $SHIBASHOOT token, an ERC-20 asset, powers several ecosystem activities. These include referral rewards, community engagement through Campfire Stories, and gamified airdrops via Lucky Bow Sweepstakes.

With a total of 2.2 billion tokens, 35% are allocated for the presale. The remaining tokens support Saddlebags Savings and Cactus staking for long-term gains. Shiba Shootout aims to provide both short-term excitement and long-term benefits.

Visit the Pre-Sale website

6. Base Dawgz

Base Dawgz is an interesting memecoin with the potential to explode in 2024. That’s because $DAWGZ isn’t tied to a single blockchain. Instead, utilizing Wormhole and Portal Bridge technologies, $DAWGZ is available on five blockchains: Base, Solana, Ethereum, Binance, and Avalanche.

This gives the token massive exposure to the memecoin trading community and other investors. To help promote the token, Base Dawgz will reward users who connect their X accounts and post Base Dawgz-related memes and content. This is called “Be Social for Airdrop.” Additionally, there is an allocation of 15% of the total token supply for marketing purposes.

$DAWGZ is currently available in a pre-sale where early investors can secure a low price. Once the token is listed on exchanges, the price will not be the same. Check out the Base Dawgz whitepaper to learn more about the project.

Why Dawgz Base Could Be the Next Crypto to Explode

• • $DAWGZ offers seamless interoperability across multiple blockchains (ETH, SOL, BSC, AVAX), providing versatile use cases for users.

• • The roadmap includes strategic phases such as DEX and CEX listings, community rewards, and ongoing marketing.

• • Tokenomics allocates 20% to presale, staking, and liquidity, ensuring sustainable growth.

Visit the Pre-Sale website

7. Mega Dice Token

Mega Dice Token ($DICE) is a token based on the Solana network, powering an entire gaming ecosystem. The token can be used to claim various bonuses and rewards at Mega Dice Casino and sportsbook.

This token has the potential to explode due to the following use cases it offers:

• • Staking Yields – Stake $DICE on the Mega Dice smart contract across three staking pools and start collecting regular annual yields.

• • Daily Rewards – Staking token holders can earn daily rewards in casino games depending on their previous performance at the casino.

• • Get NFTs – Certain $DICE holders have access to limited edition NFTs. This leads to special privileges and rewards in the ecosystem.

• • Early Bird Bonus – Purchase $DICE early during the presale and get free tokens as an early bird bonus.

Mega Dice Token has a fixed supply of 420 million tokens. According to the Mega Dice Token whitepaper, a portion of the profits generated will be used to buy back tokens in the ecosystem. The platform will also start burning tokens to reduce the supply.

35% of the supply is being offered through ongoing presale. Another 10% will be offered as staking rewards. The $DICE token is priced at $0.069 during the initial presale round.

Visit the Pre-Sale website

8. 99Bitcoins

In early 2010, 99Bitcoins launched as an online crypto-educational platform. Now, the popular platform is transforming into a Learn to Earn ecosystem where users are rewarded with digital assets for increasing their knowledge.

Built on the Ethereum blockchain, 99Bitcoins will soon migrate to the Bitcoin network. It will adopt the BRC-20 network standard, which allows developers to create DApps and NFTs.

At 99Bitcoins, you can complete interactive courses, seminars, and quizzes. As you progress through the curriculum, 99Bitcoins offers $99BTC tokens as rewards. Out of its 99 billion token supply, 17% will be offered as community rewards.

While the earning possibilities through the educational ecosystem are enough to generate huge growth potential, 99Bitcoins also offers high staking yields. You can earn annual yields of up to 70,000% with $99BTC staked.

14% of the token supply will be offered as staking rewards over the next two years. Finally, token holders get exclusive access to VIP groups and expert trading signals. For these reasons, 99Bitcoins could be the next cryptocurrency to explode.

The project had a great start to its presale – raising over $117,000 in just a few hours. The goal is to raise $11 million through the presale before launching on centralized and decentralized exchanges.

Visit the Pre-Sale website

9. Sponge V2

The year 2023 was marked by surprising increases in the prices of several memecoins, resulting in considerable gains for those who managed to position themselves appropriately in the market. Among the memecoins that experienced notable increases in value, both the established and the newer ones stood out and hold a special place among the best investments for 2024.

One notable example is one of the promising microcoins, Sponge V2 (SPONGEV2) , a new iteration of the memecoin Sponge ($SPONGE), which has attracted considerable interest from traders. The new iteration is introducing a unique pre-sale, where investors can acquire Sponge V2 tokens by staking them with tokens from the original version of the cryptocurrency.

The strategy of the team behind Sponge V2 is to create an engaged community, taking inspiration from the success of the original version. The latter, launched in May 2023 on Uniswap, saw a significant increase in value shortly after its launch. Despite a subsequent slowdown, Sponge has maintained a considerable value and has seen a subsequent increase in its price.

With a total supply of 150 billion tokens, Sponge V2 allocated 26.93% for pre-sale acquisition through staking , with the remainder distributed between staking rewards, liquidity on decentralized exchanges, marketing expenses, game development, and in-game rewards.

Investors are interested in Sponge V2 for a number of reasons, including the expectation of similar returns to the original version and the current memecoin-friendly environment in the market. Additionally, the connection to the popular SpongeBob SquarePants character and plans for a Play-to-Earn game are generating excitement around the cryptocurrency.

The team behind Sponge V2 plans to build on the success of the original version by leveraging proven strategies to grow the community and increase visibility on social media. Allocating resources to marketing expenses and pursuing listings on major exchanges are part of the plan to further drive the success of the new memecoin.

Visit the Pre-Sale website

10. When

Kaspa, launched on November 7, 2021, stands out for its transparent and fair approach, with no pre-mining or initial coin allocation. 

This feature, appreciated by many, demonstrates a commitment to fairness in the cryptocurrency world. However, the lack of an established value for the currency can pose a challenge for potential investors, as it increases uncertainty around its appreciation potential.

Kaspa stands out for its speed, with fast one-second blocks, potentially outperforming competitors like Bitcoin Cash and Litecoin. 

However, doubts remain about its potential for success, especially considering the existing competition and the lack of significant incentives for miners.

While it boasts an impressive 264,000 holders, the concentration of tokens among a small number of addresses, many of which belong to exchanges, is a concern. Furthermore, its lack of listing on major exchanges limits its accessibility to many investors.

Aspect

Details

Project Network

Ethereum

Pre-sale starts

September 2023

Accepted currencies

Fiat (USD, EUR, BRL e etc)

Tokenomics

• • Maximum supply of 28.7 billion