It can be a challenge to find a cryptocurrency besides Bitcoin or Ethereum that might be worth the investment. If you’re somewhat new to cryptocurrency, it’s quite different from traditional investing. You’ll need to know where to go for information and updates and how to analyze them to determine if they have pote🀅ntial.

H🐲ere are some ways you can identify🅠 new cryptocurrencies for investment.

Where to Find New Cryptocurrencies

Before you start to look, you may want to ask yourself a few ℱkey questions, not💜ably:

• How will investing in cryptocurrency affect your 澳洲幸运5官方开奖结果体彩网:portfolio?
• Is it a good long-term 澳洲幸运5官方开奖结果体彩网:investment?
• Should you invest in an 澳洲幸运5官方开奖结果体彩网:initial coin offering (ICO)?
• Are 澳洲幸运5官方开奖结果体彩网:non-fungible tokens (NFTs) a good idea?
• What is 澳洲幸运5官方开奖结果体彩网:decentralized finance (DeFi), and does it hold interesting investment opportunities?

Navi💃gating the cryptocurrency landscape can be confusing. The absence of quantifiable and trustworthy criteria for evaluati✃on and a plethora of scams have further perplexed potential investors and made them wary.

But despite the problems, cryptocurrencies may be an 澳洲幸运5官方开奖结果体彩网:asset class worth investigating. They can add 澳洲幸运5官方开奖结果体彩网:diversity to your portfolio, and their price 澳洲幸运5官方开奖结果体彩网:volatility can offꦕer good returns. There are several places you can monitor to see what new cryptocurrencies are emerging:

Exchanges

Cryptocurrency exchanges are one of the most reliable sources for finding new investments. For example, Coinbase generally lists new cryptocurrencies on , but you must set up an account for better access. also lists new ♑crypto that you can review and iജnvestigate further.

Data Aggregators

A data aggregator gathers information on specific topics. Cryptocurrency data aggregators help you find new crypto. For instance, collects and displays a list ofꦐ new cryptocurrencies, their prices, market capacity, and trading volume. This type of service helps you get some information to determine what other investors think about the cryptocurrency and whether it has potential.

is another data aggregator that lists new coins with much of the same information that CoinMar🔴ketCap offe💎rs.

Social Media

Social media is known for its ability to transmit information fast. 澳洲幸运5官方开奖结果体彩网:X (formerly Twitter), for example, is one of the quickest-moving aꩲnd -responding platforms in the United States. You can easily find cryptocurrency developers and founders on X, tweeting about their cryptocurrency whenever there are changes or new coins.

Notifications for s🐻pecific keywords on X are especially helpful. If you set up alerts for phrases like new crypto, crypto release, or crypto, you will receive notifications about any cryptocurrency-related tweet.

Telegram is another instant messaging platform that can deliver tim🌟ely new crypto developments.

Websites

There are manಌy websites that you can look over to find new crypto⛦currencies. Some of the more reputable ones are , TradingView, and CoinMarketCap.

Tools

You can use several tools to help you verify the validity of a cryptocurrency. lets you enter the token name or address, and BSCCheck lets you check tokens on the Binance Smart Chain. Each displays information about transactions, contracts, holders, prices, and more, enabling you to see whether anyone else 💟is active. There are many other tools available for investigating tokens.

lets you enter the cryptocurrency’s name or address and displays an audit of it. For instance, a scan of Ax-1 Orbit (address 0x0c3e7d23665b4c04038168bf🐼f94dc5855728b805) displayed the following information for the token dated April 8, 2022:

• Warning: The coin was flagged for being part of a scam, bug, or hack.
• Swap Analysis: The token is sellable and has a buy-and-sell fee of less than 10%.
• Contract Analysis: Verified contract, no prior similar contracts, the source is not an owner, no special creator permissions
• Holder Analysis: A wallet exceeds the circulating token supply (likely a scam), creator holds less than 5% of the supply, other holders have less than 5% of the supply
• Liquidity Analysis: Not enough 澳洲幸运5官方开奖结果体彩网:liquidity, 95% of liquidity is burned/locked, creator holds less than 5% of liquidity
• Token Similarities: Several with similarity scores of 97 or higher to other flagged tokens

Token Sniffer lets you view the contract code and generate a bubble map showing you the creator’s address, the addresses of the top 100 holders, and the percentage they hold. You’ll also see any 澳洲幸运5官方开奖结果体彩网:burn addresses, which is where developers send c♈oins to take them permanently out of cꦦirculation.

DeFi Platforms

Decentralized finance (DeFi) platforms are ecosystems that combine 澳洲幸运5官方开奖结果体彩网:blockchain, programming, and user interfaces that allow you to create 澳洲幸运5官方开奖结果体彩网:decentralized applications (dApps). Some might even offer exchange and trading services, but most are designed to support decentralized finance (DeFi) applications like peer-to-peer lending, borro꧟wing, and providing liquidity.

Many DeFi platforms have native tokens used within their networks to facilitate transactions. Examples of DeFi platforms are , Uniswap, and . In addition to being a blockchain, Ethereum also functions as a DeFi plat😼form because it allows users to create anything they want on it, including dApps.

Non-Fungible Token (NFT) Marketplaces

NFTs are assets that have been 澳洲幸运5官方开奖结果体彩网:tokenized. Tokenization is the process of linking hashed information from the asset and storing it on a blockchain. It establishes ownership without question because the token’s network validators must verify ownership through a consensus𝓀.

NFTs are also critical components of the metaverse, an emerging tech trend championed by enterprises that operate in the digital landscape. OpenSea and are two examples 𒁃of popul🦄ar NFT marketplaces. Here, you can find them ranging in price from hundreds to tens of thousands of dollars.

There are also specialized marketplaces that focus on a particular industry or sport. For example, the National Basketball Association (NBA) has an NFT marketplace called , and the National Football League (NFL) has partnered with Dapper Labs to produce , exclusive digital video highlights of iconic moments in its history.

Initial Coin Offerings (ICOs)

Initial coin offerings (ICOs) eclipsed venture capital as the primary fundraising method for entrepreneurs in 2018. Startups and prominent companies alike jumped onto the ICO bandwagon. Then, the ICO bubble burst as scams proliferated in their ecosystem, and the U.S. 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Comꦓmission (SEC) began investigating and cracking down on them. The SEC now provides substantial guidance on when tokens and ICOs are conside𒉰red the sale of a security.

You can still find ICOs, but they are highly regulated and notꦗ nearly as numerous.

Exchange-Traded Funds (ETFs)

You can also invest indirectly in cryptocurrencies through derivatives that trade on mainstream exchanges. The Chicago Mercantile Exchange (CME) crypto futures, including Bitcoin and ether futures, are popular with investors looking for indirect exposure to crypto. 澳洲幸运5官方开奖结果体彩网:Bitcoin-linked exchange-ಌtraded funds (ETFs), based on CME’s Bitcoin futures, debuted in crypto market🐭s i𒀰n 2021.

In January 2024, the long-awaited and embattled Bitcoin Spot ETFs were approved by the SEC. These ETFs offer exposure to bitcoin but are much cheaper because you can purchase shares of a fund that holds bitcoin rather than buy bitcoin directly. Shortly after theꦇ Bitco📖in Spot ETFs were approved, the SEC approved several Ethereum Spot ETFs.

Best Crypto to Invest in

There are always new projects with cryptocurrencies appearing, so there is no shortage of choices. You can invest in the most popular cryptocurrencies (as of March 1, 2025, 11:30 p.m. EST):

• Bitcoin: Price—$85,637.88, market cap—$1.7 trillion, 24-hour trading volume—$27.4 billion
• Ethereum: Price—$2,234.12, market cap—$269.4 billion, 24-hour trading volume—$16.3 billion
• Tether: Price—$0.9995, market cap—$142.1 billion, 24-hour trading volume—$57.9 billion
• XRP: Price—$2.24, market cap—$130.2 billion, 24-hour trading volume—$3.2 billion

Note that the numbers listed above change by the second, and past performance is no indication of future performance. Also, there are many, many other cryptocurrencies with the potential to grow. When evaluating that opportunity, consider several factors, such as price, 澳洲幸运5官方开奖结果体彩网:market cap, 24-hour volume, social sentiment toward it, legal battles, government regulations, and reading the 澳洲幸运5官方开奖结果体彩网:whitepaper.

Researching New Crypto Coins

Beneath their technical jargon, cryptocurrencies are products that usually serve a purpose, whether it be only a payment method (bitcoin) or as a utility token used to perform actions on a blockchain (ether). However, 澳洲幸运5官方开奖结果体彩网:meme coins (such a꧙s Dogecoin and🦩 Shiba Inu) generally do not have a purpose—but somehow have accumulated fans that value them.

Here are some factors to look into and tools you can use to help identify a coin that is not a so-called rug pull (or another scam). A rug pull is a coin whose developers will accept payments for it and then pull it off whatever platform you purchased it on while keeping the funds you paid.

Use Cases 

Ethereum’s ether (ETH) token is used as a payment system on its blockchain. This makes ETH a perfect example of a use case that might incentivize someo💧ne to buy ETH. Ethereum is designed for scalability and future development, making it an ideal ecosystem on which to build DeFi applications.

The uses for Ethereum, the global virtual machine that powers much of DeFi—and is rumored to be the choice of developers for Web 3—continue to grow. New utility tokens designed to work on♚ the Ethereum V🗹irtual Machine (EVM) emerge frequently.

Bitcoin, on the other hand, was designed purely as a payment method. But when investors noticed its price was climbing, the 澳洲幸运5官方开奖结果体彩网:token developed another purpose. 🉐The global pandemic briefly shut down much of the w𝔉orld’s economy, and stock markets worldwide tumbled. Bitcoin became a safe haven for investors looking to preserve value and a speculative investment.

The more use cases t𓆉hat a new coin and the blockchain that it support♏s have, the more likely it is that the cryptocurrency will last long enough to experience growth. However, this won’t always be the case.

Liquidity

A cryptocurrency needs liquidity—meaning that it should have enough 澳洲幸运5官方开奖结果体彩网:trading volume to sell it quickly if you need to. If you find a cryptocurrency with no volume, you should consider waiting to see whether it will develop an💧y. If other investors aren’t trading a new crypto coin in large amounts, it might indicate that it isn’t yet worth buying or is a scam.

Value

You should 澳洲幸运5官方开奖结果体彩网:identify the value a coin has or might have. It’s likely that if it has🐻 🌞value to you, others will value it. This type of value isn’t only monetary; it could be intangible, such as an NFT that you identify with on a personal level.

Some songwriters and musicians are creating NFTs from their music. Purchasing a song NFT directly supports the artists and gives you ownership of the token and whatever rights the artist granted when the token was minted. The sports tokens mentioned previously may be the equivalen🌟t of trading ca𒁏rds or videos of the future.

Some additional considerations are:

• Prospects: If you’re able to identify a cryptocurrency with an edge over others—such as providing a solution to a widespread problem—it might be a good investment because it could have longevity.
• Supply and demand: Many cryptocurrencies have a predetermined maximum supply. When that maximum is reached, typically through mining efforts, no new tokens will be produced. Demand may increase or decrease depending on market sentiments and use cases.
• Price and volume: Up-to-date information about cryptocurrency trading is easily available online. Digital currencies with increasing prices and trading volume are likely to be those that have momentum. Of course, there is no guarantee that this momentum will be maintained, but it is nonetheless a useful way of seeing which digital currencies have the most investor interest for the time being.
  

The Bottom Line

The universe of investable cryptocurrencies and crypto-related products and services is still small and requires careful evaluation. If you’re interested in investing in digital assets and new crypto, 🎶you should first talk with a finance professional to help you figure out if the investments maꦇke sense for your goals and financial circumstances.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes online. Read our 澳洲幸运5官方开奖结果体彩网:warranty and liability disclaimer for more info. As of the date this article was written, the author does not own cryptocurrency.