14 New Cryptocurrency Launches to Invest in August 2023

The crypto market is currently in an exciting place, with signs that the industry is finally emerging from the crypto winter and heading towards another bull market. New tokens are being launched almost every day to solve real-world problems using blockchain technology.

Some new tokens see huge gains in a short span of time, with one of the most famous recent examples being Pepe, with one early investor seeing a $260 investment rise to $8 million.

The challenge for crypto investors is to determine which of these new projects has the potential to deliver significant returns. In this guide, we’ll highlight the best new cryptocurrencies to invest in for 2023.

The Top New Cryptocurrencies to Invest in Today

To help investors identify opportunities in the crypto market, we’ll highlight new cryptocurrencies to invest in today.

  1. Wall Street Memes – Wall Street Memes is a new crypto project inspired by the r/WallStreetBets subreddit. Having captured the attention of many meme coin aficionados, the Wall Street Memes presale event has already raised over $25 million in 12 weeks and the project has a $1 billion market capitalization in sight.
  2. Sonik – Sonik is a new meme cryptocurrency that is inspired by Sonic the Hedgehog. Built on the Ethereum blockchain, $SONIK can be staked to generate passive income. Priced at $0.000014 on presale, $SONIK has raised over $135k.
  3. Launchpad XYZ – Launchpad XYZ is a Web3 investment platform powered by the $LPX token. The $LPX presale is already more than 80% of the way toward its target of raising $1.35 million. After that, there’s no limit to how high its price could go.
  4. yPredict – yPredict is an AI-powered analytics platform and prediction engine for crypto traders powered by the YPRED token. It’s raised nearly $3.5 million and is nearing the end of a presale that has many investors predicting 10x returns.
  5. Chimpzee – The Chimpzee token powers transactions across the Chimpzee ecosystem, which combines e-commerce, Non-Fungible Tokens (NFTs) and GameFi. By partnering with environmental and conservation charities, Chimpzee empowers users to earn income while making a positive impact on the planet. The project has raised more than $1.2 million and is only a few days away from the next price increase.
  6. Scorp Token – Scorp Token is one of the newest crypto coins looking to shake up the online casino space. It functions as the in-platform currency for the Scorpion Casino, online gambling and sports betting platform. The project’s presale is now 90% sold out of the soft cap, with $800k raised, and the team is getting ready for an ICO.
  7. eTukTuk – Designed to help promote electric vehicles, eTukTuk is building a blockchain-powered charging and transport network in Sri Lanka. By investing in the TUK token, anyone can help fund the project’s growth and lay down the electric vehicle infrastructure of tomorrow.  The project has sold $30k worth of $TUK tokens already.
  8. Pikamoon – Pikamoon is the native token of a play-to-earn NFT game set in the “Pikaverse”. The project has garnered a sizable community of fans before the game has even been launched and it’s raised nearly $4 million in $PIKE sales.
  9. XRP20 – Built as an ERC-20 token, XRP20 is designed to attract Ripple fans to the Ethereum network. It leverages the Ethereum network to generate staking rewards with 60% APY returns. The presale sold out, raising $3.68 million, and XRP20 is now readying for an explosive ICO.
  10. Arkham – Arkham Intelligence is a new platform that offers rewards for information that can be used to deanonymize crypto addresses. The “intel to earn” model pays out bounties in $ARKM, a new token that could see its price explode if Arkham Intelligence continues to rise in popularity.
  11. Sei – Sei is a new blockchain network which supports a range of different use cases. Although developers have been working with the technology for some time, its native token, $SEI, was only just launched—and already has more than 4 million users.
  12. Open Campus – Open Campus is a blockchain-based marketplace for educational resources. Transactions on the platform use a new cryptocurrency known as $EDU. The token is 50% below its launch price, so investors can pick up $EDU at a bargain.
  13. Bitcoin Spark – Bitcoin Spark is an emerging blockchain technology that draws upon the technological traditions of both Bitcoin and Ethereum. For example, the BTCS token takes a novel approach to coin issuance that borrows elements of Bitcoin mining and Ethereum staking. The token’s presale is now in Phase 2 and offers investors a 15% bonus on every purchase.
  14. The X – The X is a cross-chain protocol intended to make it easier to develop Web3 applications. Its features include NFT minting tools and no-code smart contract solutions. The token is up 600% since its launch last month and has more room to run.

How We Picked the Best New Crypto Launches to Buy

When selecting the best new cryptos to buy today, we considered several key factors that could boost their adoption and price.

To make our list, new cryptos needed to demonstrate an original value proposition, sufficient online visibility and community engagement, a clear business strategy for project growth, and genuine potential for price gains.

We sourced information from the different coins’ websites and social media channels. We also used third-party data sources such as CoinMarketCap, DEXTools, PooCoin, and more. Finally, we talked to crypto analysts and investors and scanned social media to find out which coins are hot and which aren’t.

Token Utility and Innovation

In the world of crypto, original ideas that serve a genuine need have the highest sticking power.  Anyone can mint a new token and start selling it online. But to gain any real traction, new coins need to offer something new and different.

The native tokens of the respective platforms, YPRED and TUK, are known as “utility tokens” because they are used to carry out some platform-specific function and can’t be replaced by another cryptocurrency.

defi llama tvl

Some projects have grand plans to change the world as we know it, while others are focused on smaller improvements to make everyday life a bit easier.

eTukTuk is the first electric vehicle charging solution to make use of BNB chain’s “opBNB” layer two solution, which uses cutting-edge optimistic rollups to scale functionality and reduce gas fees on the blockchain.

Many new projects and decentralized apps (dApps) are built on Ethereum, a layer-1 blockchain, and the second-largest crypto after Bitcoin.

Its popularity, speed and efficiency mean it is the top network for dApp builders, with projects having a combined worth (TVL – Total Value Locked) of almost $23 billion, according to DeFiLlama.

All that said, not every coin has to serve a real-world purpose to create returns for investors. Meme coins famously have no utility. $PEPE, for instance, jumped almost 10,000% earlier this summer despite having no purpose other than providing some laughs.


Beyond utility tokens, originality isn’t limited to technical innovation, it can also take the form of imaginative novelty. Our list of new cryptocurrencies includes coins that fall into both categories.

In the past, the best meme coins like Dogecoin, Shiba Inu and $PEPE  have generated a significant return on investment without being associated with a new technology platform or developing any new use cases.

Instead, meme coins typically rely on a well-designed website, original marketing strategies and community support to attract investors – sometimes to incredible results.

However, there have been more failures than successes in the meme coin world, which has been likened to buying a lottery ticket. The nature of investing in that particular niche makes research all the more important.

Crypto Whitepaper and Roadmap

When assessing the quality and potential of new crypto projects, it’s important to pay attention to each project’s website, whitepaper and roadmap.

A crypto project’s whitepaper explains what the project is about, how its tokenomics work, and more. From the whitepaper, investors should have a clear sense of what gap the token is filling and how it’s different from existing projects.

Reading project whitepapers can also help investors identify red flags that a project hasn’t been properly thought through. Any contender for the best new crypto to buy should clearly articulate the project’s vision and tokenomics.

The whitepaper also includes a project’s roadmap. This lays out a timeline of development for a token, and usually includes estimated dates for its presale launch, ICO, and major events like token burns. Depending on the specific project, roadmaps might also outline related product launches such as staking opportunities, NFT mints or airdrop promotions.

A good roadmap should give concrete time estimates for how long developments will take. Roadmaps can be ambitious, but they should also be realistic in their projections.

Community Activity

Community engagement is critical for the continued success of any new crypto – cryptocurrencies don’t just attract investors out of nowhere.

An active community of supporters is needed to generate the all-important social media buzz that gives new coins visibility and draws investment.

The meme coins on our list of new cryptos to watch, such as Wall Street Memes (WSM), benefit from large pre-existing communities that they are able to tap into.

The r/WallStreetBets subreddit has over 14 million members and Wall Street Memes, an offshoot, has gathered more than a million followers across its social media pages.

The size of projects’ social media following was also taken into account, as was their track record for communicating with users and investors.

However, as outlined in more detail below, followers can be bought so high engagement plus a large following is a truer indicator of community interest.

Marketing and Social Engagement

It would be almost impossible for any new cryptocurrency release to succeed without a solid marketing strategy.

Accordingly, we considered factors such as marketing spend and social engagement when researching the best new cryptocurrency to buy.

Social engagement metrics such as likes often have a strong correlation with cryptocurrency prices. For example, when the $PEPE token surged by over $250% in 24 hours in early May, it was accompanied by a huge spike in the volume of tweets referencing the meme coin.

Famously, billionaire Elon Musk helped DOGE pump to all-time highs in early 2021 by regularly posting about the token, as well as appearing on Saturday Night Live.

His takeover of Twitter, which has now been rebranded X, also allowed DOGE to pump in late October 2022, while an April Fool’s Joke where he changed the logo to a Shiba Inu doge, also saw huge volume for DOGE.

Musk has since been named in a class-action lawsuit accused of manipulating the price of Dogecoin.

Price Performance and Potential Returns

Finally, it wouldn’t be a satisfactory guide on the best new cryptocurrency to buy without an assessment of the potential returns offered by each token.

Some new crypto projects include price targets in their roadmaps. For example, the team behind WSM intends to achieve a market capitalization of $1 billion. Although investors should keep in mind that coin developers are prone to outlandish predictions, having an ambitious roadmap that incorporates a target price is a good starting point.

Of course, many of the coins on this list are still in their presale phase or have only just hit the open market. Without historical price data, it is difficult to carry out the kind of statistical analysis normally used in forecasting.

That being said, the speed with which coins like $YPRED sold out during their presale indicates high demand. Other promising signs that a token will produce returns include significant hype on social media and bullish price predictions by crypto analysts.

Where sufficient historical data exists, we incorporated technical analyses into our assessment of new cryptocurrency releases.

Is Bitcoin still a Good Investment?

Bitcoin has been one of the best-performing financial assets ever over its lifetime but in the last 18 months, BTC has dropped more than 60% from its all-time high.

Bitcoin is the original, largest and most popular cryptocurrency and many investors new to the space often believe they have missed the boat to make large gains from BTC.

However, while it is true that the opportunity to turn $1 into $1,000 has probably gone, Bitcoin still represents the ‘safest’ crypto investment – it is the least volatile, given its sheer size, and has been described as ‘digital gold’.

It has seen huge interest from financial institutions and remains, arguably, the most likely crypto to truly break into mainstream financial markets.

Numerous global investment firms, such as BlackRock and Fidelity, have recently applied for spot Bitcoin exchange-traded funds (ETFs)

Reviewing the Best New Crypto Launches to Buy

Having covered some of the key considerations, read on to discover the best new cryptocurrency to invest in now.

1. Wall Street Memes (WSM) – The Best Crypto Investment Opportunity in 2023. $WSM Has Already Raised Over $25M, Earned 1.1M Views on Social Media, and Been Tweeted By Elon Musk

Wall Street Memes ($WSM) is a celebration of meme culture inspired by the r/WallStreetBets subreddit. With this token, the team sticks it to traditional finance while also creating a fun community where crypto enthusiasts and meme coin lovers can come together.

One of the top new cryptocurrency launches, Wall Street Memes launched in May with a lofty goal of raising more than $30 million. Within 24 hours of the presale opening, the project had sold an impressive $100,000 worth of $WSM tokens.

WSM token home

Now, just 12 weeks later, Wall Street Memes has sold more than $25 million worth of $WSM. Coins are currently available to buy for $0.0334, with the next price increase set to take place in just a few days.

Wall Street Memes has been a success by almost every measure. The project has more than 1.1 million views on social media and more than 260,000 followers on Twitter. Wall Street Memes jokes have even been retweeted by Elon Musk, the king of memes himself.

The wild success of this project comes as little surprise to the development team. The same developers were behind the Wall Street Bulls NFT collection, which sold out in 32 minutes last October.

The Wall Street Memes roadmap identifies an ambitious target of a $1 billion market capitalization, which would value each token at $0.50.

If it achieves that goal, even presale participants who onboard during the final round will still see a nearly 15x return on their initial investment. Investors who got in during the early stages of the presale will stand to earn even more.

Crypto analysts like Jacob Bury have called $WSM the next meme coin to 10x.

WSM tokenomics

Wall Street Memes has a total token supply of 2 billion $WSM tokens. Half of these will be sold in the presale. Another 30% of tokens will be used for marketing, while 10% will be reserved for CEX listings and 10% for DEX listings.

To stay updated with the presale, join the Wall Street Memes Telegram channel.

Hard Cap $30,577,000
Total Tokens 2,000,000,000
Tokens available in presale 1,000,000,000
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase 100 tokens
Purchase with USDT, ETH, BNB, Bank Card

2. Sonik – Stake-2-Speed Meme Cryptocurrency is Priced at $0.000014 on Presale, $88K Raised in 2 Days

One of the newest cryptocurrency tokens to buy on presale is Sonik ($SONIK), a new meme token inspired by the ‘Sonic the Hedgehog’ character. Sonik is the meme version of SEGA’s popular franchise, but is in no way connected with this brand.

Instead, Sonik wants to become one of the top meme tokens, and soar its way to a $100 million market cap. $SONIK has a total token supply of 299,792,458,000. This particular number has been chosen because it is the speed at which light travels in meters per second.

$SONIK $88K raised

Half of this token supply has been allocated for the ongoing token presale. Through the presale round, one can buy $SONIK for only $0.000014 per token. Notably, users can take advantage of Sonik’s staking mechanism and earn passive income. After purchasing $SONIK on presale, you can stake the token and get an APY (Annual Percentage Yield) of 820%. This number is subject to change as the number of staked tokens rises.

Currently, nearly 3 billion tokens have been staked on the ecosystem. 40% of the total token supply will be released through the staking mechanism over the next four years. To maintain stability, 10% of the supply will be used for DEX liquidity.

In only two days since the presale launched, Sonik has collected nearly $90K. The presale hard cap target is $2,098,547. Afterwards, Sonik will be listed on the Uniswap DEX. The project wants to eventually reach a $100 million market cap. Since many meme cryptocurrencies soar after the exchange listing, $SONIK could quickly gain momentum and head right for the $100 million goal in the long-term.

Sonik 820% APY

For more information, read the Sonik whitepaper and join the Telegram channel.

Hard Cap $2,098,547
Total Tokens 299,792,458,000
Tokens available in presale 149,286,229,000
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase N/A
Purchase with USDT, ETH

3. Launchpad XYZ – Time is Running Out to Back This Web3 Investment Platform and Participate in LPX Presale

Launchpad XYZ is a Web3 ecosystem that aims to make Web3 more accessible and user-friendly. The platform provides a variety of tools and resources for users to learn about, invest in, and use Web3 projects.

The native token of Launchpad XYZ is LPX. It is used to power a variety of features on the platform, including staking voting and payments.

LPX presaleUsers can stake LPX tokens to earn rewards, such as discounts on trading fees. They will also be able to vote on platform proposals, such as which new projects to list. Finally, LPX can be used to pay for fees on the platform, such as trading fees and listing fees.

According to the Launchpad XYZ whitepaper, twenty five percent of the total supply of 100 billion LPX tokens are available in the presale.

Since the presale started, Launchpad XYZ has raised over $1.2 million, bringing it close to its target of $1.55 million. As with the other stepped presale schemes discussed in this list, the first phase of LPX tokens were the cheapest, selling for just $0.035 before climbing incrementally to the launch price of $0.070.

As the sale approaches its final stages, investors are running out of time to purchase Launchpad XYZ’s tokens at the capped price. Join the Launchpad XYZ Telegram channel for more presale information and updates.

Presale Started 26 April 2023
Purchase Methods ETH, USDT, BNB, Card
Chain Ethereum
Hard Cap $12,500,000
Min Investment 100 LPX
Max Investment None

4. yPredict – The Latest AI Coin Generating Buzz with a Crypto-centric Trading Platform. Project has Raised $3.5 Million and Is Closing in on ICO

yPredict is another new crypto launch that is currently in presale. The YPRED token is intended to be used alongside the AI-driven crypto price prediction platform with the same name.

The yPredict whitepaper states that it is developing a marketplace that will enable developers of predictive AI models to market them to crypto traders. The YPRED token will then act as the default payment currency between developers and traders. presale

Throughout 2023, interest in AI-focused tokens has risen dramatically. As the fields of AI and blockchain development increasingly feed into each other, new crypto coins have emerged at the intersection of the two technologies.

Out of this growing pool of AI tokens, yPredict has emerged as a serious contender to be the next big thing. As the company states on its website, the platform already has a waiting list of over 20,000 users signed up for the anticipated platform. And if it takes off, YPRED may well become a key component of the burgeoning AI and crypto ecosystem.

Like WSM, yPredict is releasing presale tokens in batches, with the price rising at each new stage. In the first round, two million YPRED tokens were sold for $0.036. The presale is currently in its seventh of eight stages and tokens can be bought for $0.1. In the final stage, tokens will cost $0.11.

Presale Started Q1 2023
Purchase Methods MATIC, ETH, USDT, BNB, Card
Chain Polygon
Hard Cap $6,500,000
Min Investment 200 YPRED
Max Investment None

5. Chimpzee – New GameFi Token is Primed to Explode in Popularity, Raising $1.1 Million Within Weeks of Presale Launch

Chimpzee is an eCommerce, NFT trading and GameFi ecosystem that consists of three interconnected platforms. Comprising an online shop, an NFT marketplace and the “Zero Tolerance Game”. The project intends to donate a portion of all the transaction fees generated by the platform to environmental and conservation charities.

According to the Chimpzee whitepaper, the Chimpzee Store will incorporate a “shop to earn” component that will allow customers to earn CHIMPZ tokens every time they make a purchase. It will also deploy a play-to-earn function as another way for users to generate CHIMPZ

Chimpzee features

Currently in stage eight of a 16-stage presale. The price in the current stage is set at $0.000775 per CHMPZ. In the next phase it will rise to $0.00085 per CHMPZ.

As an extra perk to early investors, Chimpanzee is airdropping NFTs to presale participants. This, in addition to an innovative bonus structure, is set to reward investors according to how early they come on board.

Chimpzee’s potential to be the best new crypto for 2023 stems from its novel features that could generate passive income for users. Both the play-to-earn and the trade-to-earn features of the platform differentiate it from previous Web3 projects.

What’s more, looking at similar NFT games, early mints tend to be highly prized for their rarity. As the collection matures, Chimpanzee presale participants could find themselves in possession of valuable digital collectibles by virtue of their investment. Join the Telegram channel for more updates on the presale.

Token symbol CHMPZ
Total supply 200 Billion
Presale supply 40 Billion
Network Ethereum (ERC20)
Purchase methods ETH, USDT, Credit Card

6. Scorp Token – Platform Token For the Next Big Crypto Casino

Scorpion Casino is a new crypto casino that is quickly gaining popularity. The platform offers a wide variety of games, including slots, table games, and live dealer games.

One of the most unique features of Scorpion Casino is its revenue-sharing model. This means that users who hold SCORP tokens, the platform’s native token, will earn a share of the casino’s profits. This provides users with a passive income stream, and also gives them an incentive to help the casino grow.

SCORP casino

If the platform manages to claim a dominant market position in the booming crypto casino space, SCORP could prove to be one of the best new coins of 2023.

Since the launch of the SCORP presale in late July, nearly 2,000 investors have snapped up over 80% of the allotted tokens. With a presale price of $0.016, Scorpion is targeting a $750 million initial raise before the tokens are made available on the open market.

As an indication of the size of the market for gambling coins, RLB, the native token of Scorpion’s more established peer in the space, has a market capitalization of hundreds of millions of dollars. If it grows to a similar size, SCORP could see its price multiply by as much as 500%.

Read the Scorpion Casino whitepaper and join the Telegram channel for more information.

7. eTukTuk – New Crypto Ready to Power the Next Generation of Blockchain EV Charging, Presale Selling Out Quickly

eTukTuk is a blockchain-powered transportation network that aims to provide sustainable transportation solutions in developing countries. The company’s flagship product is the eTukTuk electric vehicle (EV) that is built to be a more affordable, zero-emission alternative to traditional TukTuks.

In addition to the eTukTuk EV, eTukTuk is also building a network of charging stations which will establish a crypto-powered payment system. Once the firm’s EV charging infrastructure is established, drivers will be able to pay to charge their EVs using the TUK token.

eTukTuk home

The company behind eTukTuk has plans to raise $10 million through its initial presale. Early investors will then be able to stake their tokens and generate income from money raised by the charger network.

At the time of writing, the presale price for TUK tokens was $0.024. As a tiered presale, the price rises at each stage up to a public price $0.04. That means early investors benefit from a 40% discount.

Since launching the presale, eTukTuk has sold more than $30,000 worth of TUK tokens.

TUK is an attractive long-term investment prospect due to the nature of its staking mechanism, which requires investors to lock their funds away for at least 15 years. In addition to funding the network’s growth, this will help to stabilize the price of TUK in the short-term and could prevent losses.

Go through the eTukTuk whitepaper and join the Telegram channel to learn more about this sustainable cryptocurrency.

8. Pikamoon – The Most Hyped GamFi Launch of 2023

Pikamoon is a GameFi project that is building a decentralized metaverse where users can collect, battle, and trade NFTs. The project is still in its early stages, but it has the potential to become a major player in the booming GameFi space.

Built on the Ethereum blockchain, Pikamoon uses the PIKA token as its native currency. PIKA will be used to purchase NFTs, participate in battles, and access other features in the Pikaverse. Like other crypto gaming platforms, Pikamoon will implement a play-to-earn model allowing users to earn additional in-game currency once the platform goes live.

Pikamoon presale

Pikamoon is is currently in the last phase of a three-stage presale model that assigns 5 billion PIKA to each round. The price started at $0.002 in the first phase before rising to $0.004 in the second and $0.006 in the final, current phase.

When the presale launched in April, eager investors bought up more than $100,000 of PIKA tokens in just 48 hours.

The most successful GameFi projects to date, Axie Infinity and The Sandbox, currently have a market cap of around $50 million each.

If Pikamoon is able to replicate the success of Axie Infinity, it could prove to be the best new crypto to buy this year.

When Axie Infinity’s in-game token, Axie Shards (AXS), was first sold via the Binance launchpad in 2020, they cost $0.1 each. These days, AXS trades at a little under $6 each. And at the cryptocurrency’s all time high price in November 2021, AXS peaked at over $160.

Join the Pikamoon Telegram channel to keep yourselves updates with the latest presale information and project developments.

Token Symbol CHMPZ
Total Supply 50 billion
Presale Supply 15 billion
Network Ethereum
Purchase Methods USDT and ETH

9. XRP20 – A Second Chance For Crypto Investors Who Missed The First XRP Boom. ERC-20 Token Sold Out Presale, Offers 69% APR Staking

Part of a wave of second generation tokens that seek to build on the success of their forebears, XRP20 is an Ethereum-based ERC-20 token inspired by Ripple’s XRP. Despite this, it should be noted that the new coin is in no way endorsed by Ripple Labs and is not affiliated with the original XRP token.

Besides that, there is one big difference between XRP20 and its namesake token.

XRP20 presale sold out

As one of the newest cryptocurrencies, XRP20 has embraced Ethereum’s proof-of-stake (PoS) consensum mechanism.

Just like Ether holders have been able to earn rewards by staking their assets since the network transitioned to PoS last year, ERC20 investors will also be able to stake their tokens. In total, 40% of the project’s total supply of one hundred billion tokens is set aside for staking rewards.

Additionally, to create a higher degree of scarcity and promote value appreciation, once it is listed on exchanges, XRP20 will implement a token-burning mechanism that will ensure 0.1% of every transaction is burned. Over time, this is expected to remove ten billion XRP20 from circulation, helping to reduce the total supply and drive the price up.

The token presale sold out in less than three weeks, raising a hard cap of $3.68 million. For now, investors who already purchased XRP20 during the presale can stake their tokens for a whopping 57% APR. The presale is now closed, but investors can still get in on this new crypto token during its ICO.

Through the ICO release, XRP20 will look to recreate the success of similar projects such as BTC20, which raised $6.05 million on presale. After being priced at $1 on presale, BTC20 launched on Uniswap, and is currently trading at the $2 mark.

With the huge staking APY and the deflationary burning mechanism, XRP20 will also look to capitalize once it conducts its initial exchange offering.

Read the XRP20 whitepaper and join the Telegram channel for more information.

10. Arkham – An Opportunity to Invest in a Gamechanging Crypto Platform

Arkham Intelligence is an AI platform designed to deanonymize crypto addresses by matching them with real-world entities. It was built to enhance transparency in the industry, where many firms struggle to meet the know your customer (KYC) and anti-money laundering (AML) requirements demanded by regulators.

Arkham’s basic premise is novel but controversial. Referred to as “intel-to-earn,” the platform erects an intelligence economy that matches buyers and sellers of blockchain data that can help identify the owners of crypto wallets. The platform has its own native token ARKM.

Arkham presale

Binance Launchpad hosted a token sale for 5% of the total ARKM supply in July. Tokens were also airdropped to early users of the Arkham platform.

Since it started trading on exchanges, ARKM hasn’t exactly performed well. Since it was first listed on July 15, the token’s price fell from around $0.8 to less than $0.5 each.

But starting at the beginning of August the price of ARKM has somewhat stabilized and the Arkham platform is gaining traction.

In one of its first major successes, Arkham announced recently that bounty-hunters provided evidence of wallets holding over $160M in digital assets tied to Terraform Labs and its founder, Do Kwon. They were rewarded with a little over 9500 ARKM for their efforts.

Although its performance since July has been poor, long-term forecasts for the price of ARKM are generally more optimistic. For example, Coinwire predicts that the crypto could be worth as much as $0.713071 in 2024 with a low-end of $0.645796.

11. Sei – Hotly Anticipated Layer One Blockchain with Over 4 Million Users Already

Sei is one of the most eagerly anticipated layer one blockchains to be developed in recent years. But up until recently, there was no way for investors to get hold of SEI tokens.

However, on August 1, Binance introduces SEI farming to its launchpool, allowing users to stake their assets in return for SEI for the first time.


The farming period will last 30 days and the Sei Network has allocated a total of 300 million SEI tokens for the farming process, amounting to 3% of the total SEI token supply.

Prior to its Mainnet launch, 4 million users participated in the Sei Testnet, demonstrating significant interest in the new platform. Ahead of mainnet launch, the Sei ecosystem is already populated with dozens of projects for people to get excited about.

The launch of a new layer one blockchain to rival established giants is a major event in the crypto world. As buzz around the new technology gathers steam, it will likely drive a flurry of activity once SEI becomes available to trade.

In comparable high-profile listings, that initial buzz has been experienced as a rapid spike in token value followed by an equally dramatic fall in value before the price stabilizes.

12. Open Campus – Educational Token Has Already Increased 10x Since Initial Sale

Another Binance Launchpad alumnus, Open Campus is a blockchain based platform designed to help creators of educational content markets and monetize their work.

Open Campus

The platform’s native token EDU had an initial sale price of $ 0.05 in April. Early investors have already made a good return on their investment and EDU is currently valued at over $0.5 per token.

Although the price of EDU fell against the dollar and major cryptocurrencies in June and July, it is a good new cryptocurrency to buy and hold as a longer-term speculative investment. Coin codex predicts that the token could see its price increase to $0.6196 in the next month.

Looking further ahead to 2025, the crypto data platform forecasts a price range of between $ 0.977505 and $ 3.33 for EDU.

13. Bitcoin Spark – Buy Bitcoin With 2023 Technology at 2011 Prices

Bitcoin Spark is a new cryptocurrency inspired by Bitcoin.

Whereas Bitcoin has evolved only slightly since its launch in 2008, Bitcoin Spark embraces more advanced blockchain features that have been developed over the years. The BTCS token presently resides on the Ethereum network however its tokenomics also draw inspiration from its OG namesake.

Bitcoin Spark

Drawing a middle ground between Bitcoin-style Proof-of-Work mining and Ethereum style Proof-of-Stake rewards, Bitcoin Spark uses an all-new blockchain technology called “Proof-Of-Process” (PoP), designed to deliver the best of both worlds.

The BTCS initial coin offering (ICO) commenced on August 1. In the initial phase, 300,000 BTCS are available to investors at a price of $1.5 each. Of these, 23% have already been sold. Until August 11, ICO participants are also eligible for an additional 20% bonus.

14. The X – Invest in Web3 Technology of Tomorrow with XTP

The X is the latest and most ambitious of a cohort of new crypto projects that are attempting to make building new Web3 applications easier.

The X

For example, The X Protocol Smart Contract Wizard is a user-friendly tool that enables the creation and management of smart contracts without any knowledge of coding. The platform offers a range of no-code solutions for functions such as minting NFTs.

TXP is a cross-chain token that powers the The X protocol. It is currently in the middle of a 90 day presale scheduled to end on August 21.

The presale is split into nine rounds lasting ten days each, with the token price rising by 40% in each stage.

Potential Risks & Things to Consider When Investing in New Crypto Launches

When investing in the newest cryptocurrencies, there are several things to consider before parting with any money. The following sections will consider the specific liquidity concerns of new crypto coins, the volatile nature of crypto prices, the risk of scams, and the unique regulatory and legal considerations of crypto investing.


Low market cap cryptocurrencies can sometimes suffer from low liquidity. This is something to keep in mind when investing in new tokens that aren’t available on exchanges, or are only listed on a few small exchanges.

During crypto market downturns, investors tend to prefer perceived safe havens like Bitcoin and Ether. Alternatively, they exit their positions in true cryptocurrencies altogether in favor of stablecoins.

During such periods, demand (and prices) for less established altcoins tends to plummet. In some instances, there has been insufficient liquidity for investors to swap their assets at any price.

Many projects set aside a portion of their total token supply for exchange listings to alleviate liquidity issues. For example, Wall Street Memes has set aside 10% of its total token supply for CEX listings and another 10% for DEX listings.

Transaction Visibility on Public Ledgers

When investing in new cryptocurrencies, remember that transaction information is visible on public ledgers.

Most of the new crypto coins on this list are ERC-20 tokens. That means that information about them is recorded on the Ethereum blockchain and anyone can view transaction and wallet data.

It’s a good idea for investors to look at transaction data to see how many unique wallets have purchased a new token. More wallets is a good sign, since it means that a token has more support and its price isn’t likely to be manipulated by just a few owners.

How Much Can You Afford to Risk?

Investors should be aware of the risk that they may lose their money. Crypto in general is a risky investment, and isn’t advised for risk-averse investors.

Compared to other asset classes and more established cryptocurrencies, coins like the ones on this list are highly volatile. They should not be considered safe investments and purchasing them comes with the risk that their value could collapse.

While the potential returns offered by new, low market cap cryptos can be much higher than more well-known alternatives, the associated risk is also higher. Investors should always be cautious not to over-expose their portfolio to such risky assets.

Rug Pulls, Scam Tokens and Pump and Dump Schemes

In the world of crypto investing, rug pulls and scams are an omnipresent threat that anyone searching for the best new cryptocurrency should mitigate against.

A rug pull refers to a type of cryptocurrency scam where the developers of a project abandon it and take all of the investors’ money. All the token contracts in this list have been independently audited, but that alone doesn’t guarantee that unscrupulous developers won’t leave investors in the lurch.


Ensure you read the whitepapers and perform background research before making any crypto investment. Red flags to look out for include statements in which developers reserve the right to adjust a crypto’s token supply after the initial sale, or to make major changes to its tokenomics without warning.

A related but slightly different scam is known as a pump and dump scheme in which a group of people artificially inflate the price of a cryptocurrency by buying it up and then selling it off at a profit, leaving other investors holding the bag.

These schemes often involve using social media to spread false or misleading information about the cryptocurrency, in order to drive up demand. Investors should be wary of any cryptocurrency that is being promoted too heavily, especially on social media.

Regulatory and Legal Status

Compared to other investment classes, there are few legal protections for crypto investors. As such, investors should undertake thorough research and be aware of the risks discussed in the previous two sections.

Moreover, most cryptocurrencies are subject to different tax reporting requirements depending on where you live.

In the US, there is regulatory uncertainty around whether cryptocurrencies are unregistered securities. Ripple recently won a lawsuit against the SEC that found that not all cryptocurrencies are securities, but the SEC is appealing this decision. For now, investors should assume that any crypto project, new or old, could be sued by the SEC.

How to Find New Cryptocurrency Releases?

It can be difficult to keep on top of the near-constant pipeline of new crypto listings. However, there are some handy tools to help you identify new opportunities.

Automatic Scanners

Automatic scanners like Dextools constantly scan crypto exchanges and can automatically identify when new cryptocurrency trading pairs are listed.

These platforms are very useful for ICO investors since they often have data for coins that haven’t yet listed on data sites like CoinMarketCap or CoinGecko.

In many cases, Dextools and related scanners have price charts, transaction data, trading volume information, and more. They will also highlight ‘trending’ and ‘hot’ coins to show tokens that have seen high trading volume and interest in the last 24 hours.

Presale and ICO Databases

Databases of ongoing or upcoming presales and ICOs are also useful for tracking new crypto investment opportunities. For example, one resource is CoinCodex’s list of token sales. Although not comprehensive, the list is typically up-to-date and identifies many presale and ICO opportunities.

There are dozens of different sites and databases to access, with leading data aggregators such as CoinMarketCap and CoinGecko also having their own ICO calendars.

coinmarketcap ico calendar

Some of these databases even use AI to grade new crypto projects, based on factors such as tokenomics, price, utility and so on. These scores can be useful for investors who want to find top-ranked crypto presales to investigate more quickly.

However, these sites should only be used as step one of a process of information-gathering and not be treated as a comprehensive reason to invest in a project.

Top positions on some ICO calendars can be bought and a high rating or top placement isn’t always reflective of a high-quality project – sometimes it is just one with a larger marketing budget.

As with all cryptos, proper research and due diligence should be conducted before investing in a token.

How to Conduct Crypto Research

Deciding on whether a new crypto is worth investing in is the most difficult task in the space, especially with money on the line from a right decision or wrong move.

With new cryptos, however, there are several telltale signs and red flags that can help investors make a decision on a particular project.

  • Website and whitepaper: After hearing about a new project, the website and whitepaper should be the first ports of call. The website should be professional and offer answers to all questions on the project. The whitepaper should be a detailed overview of a project and provide all the information necessary to judge a project. Poorly written or incomplete websites and whitepapers should be an immediate red flag.
  • Team: Next, check the developing team of a project. In most cases – except meme coins, where developers tend to remain anonymous – developers should be doxxed and public-facing rather than hide behind anonymity. Generally, the best projects will also have developers that have a track record of success in the space.
  • Partnerships: Another sign of a high-potential project is if they have already secured large partnerships of investment. As outlined below, this could include launchpad funds from crypto exchanges or venture capital investment. Projects such as The Sandbox have even secured deals with the likes of Adidas and Gucci, as well as major institutional backing.
  • Community: Interest and community are all-important in the crypto world – a project may have amazing fundamentals but if there is no interest from the community then it is unlikely to see big price increases. Check social media pages to see sentiment around a project and also the project’s own channels, a large following could mean large interest. However, note that followers can be bought so engagement is more important.
  • Audit and Security: There are numerous scammers, hackers and bad actors in the crypto space who are after your funds. Plenty of new projects turn out to be rug pulls or pump and dumps. The best projects will have their smart contracts audited and publically available to ensure investor trust.

Crypto Launchpads

Following the various crypto launchpads can also be worthwhile. Most major exchanges have their own launchpad schemes that help support new crypto startups and projects. You can track launchpad tokens on sites like Binance.

These are a good place to search for investment opportunities that have been vetted by professional analysts.

There’s no guarantee that launchpad cryptos will perform well, but these projects at least have major support from reputable exchanges that can help them get off the ground.

Social Media

Social media can also be a good source of information on new and upcoming cryptos. X (formerly Twitter) and Reddit have thousands of experienced crypto investors who and commentators who know what makes a high-potential token.

Some good Telegram channels for identifying new crypto projects include ICO Analytics and DeFi Million, with members able to discuss the strengths and weaknesses of a particular crypto and whether it could make a good investment.

For more in-depth research, there are many crypto-focused YouTube channels that discuss new coins and their investment potential. For example, BitBoy Crypto regularly posts videos on the topic, while Jacob Bury is another popular YouTuber with a good track record for spotting high-potential coins early.

The latter also has his own Discord channel that offers crypto investment signals and discussion from more than 15,000 members.


Having walked through the best new cryptocurrency launches for 2023, investors should now be in a better position to identify the best new crypto to buy.

Based on our analysis, we believe Wall Street Memes is the best cryptocurrency to invest in today. This meme coin has raised more than $24 million during its presale and is on track to hit its $30 million goal. Ultimately, Wall Street Memes hopes to achieve a more than $1 billion market cap, which means investors could gain 15x or more from presale prices.



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Alan Draper

Alan is the Chief Cryptocurrency & Blockchain Editor for ReadWrite. He has worked in the industry for many years and has been featured on a wide range of publications, including sites like Techopedia and FXStreet.

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