The cryptocurrency market remains at a depressed level, with little movement overnight. With a total cap of $1.026 trillion, it has dropped by 0.3% in 24 hours, 4.2% in a week and by 8.5% in a month. With the Federal Reserve still indicating an aggressive rate-hiking policy in the US, it also doesn’t look like the macroeconomic picture will improve just yet. However, one way of looking towards the future is invest in newer altcoins. Such coins sell at low and discounted prices, and being less than a year old, they’ve really yet to enjoy a bull market. As such, here’s our selection of the 5 best new cryptocurrency to buy now.
5 Best New Cryptocurrency to Buy Now
1. Battle Infinity (IBAT)
IBAT continues to do well following its listing on CoinGecko and CoinMarketCap. It has risen by 1.8% in 24 hours, and by 40% since it was first included on these two aggregator sites.
IBAT is down by only 5% since setting its all-time high of $0.00554060 yesterday. In other words, it still has its new-coin momentum behind it, and could continue to do well in the short- and medium-term.
Based on Binance Smart Chain, Battle Infinity is a play-to-earn crypto gaming platform that sold out its presale within a couple of weeks. It recently announced its first listing, on PancakeSwap, becoming tradable on August 17th. Since then it has gained a listing on CEX LBANK Exchange, with deposits already live. Given that it launched its presale only in August, these two listings highlight just how quickly it’s growing, with the coin already boasting more than 10,000 holders.
The deposits are now live on @LBank_Exchange
Get ready with your bags there.
Trading will start : 12 pm UTC on 26 August 2022 pic.twitter.com/rxWlO9ZZ6E
— Battle Infinity (@IBATOFFICIAL) August 25, 2022
Looking at the bigger picture, Battle Infinity’s sports-themed gaming metaverse will continue to attract investors. This metaverse includes the IBAT Premier League, which lets users build their own fantasy sports teams made up of NFTs of real-life athletes. Said teams will compete against each other, with winners receiving crypto-based rewards.
Battle Infinity will also eventually incorporate other crypto and NFT-based games, as well as its a competitive staking feature, its own DEX, and an NFT marketplace. This should turn it into a thriving crypto-gaming ecosystem, which is why IBAT is one of our 5 best new cryptocurrency to buy.
2. Tamadoge (TAMA)
Running on Ethereum, TAMA will be the native token of a pet-themed metaverse where users can mint NFT-based pets, nurture them and battle them with each other.
Its presale kicked off in early August, and is due to end in early September. Investors can purchase TAMA tokens via its official website in exchange for either ETH or USDT. This sale has raised $9.5 million so far, comfortably beating its original target of $2 million.
🚨🐕 ANOTHER MAJOR MILESTONE ACHIEVED BY THE #TAMADOGEARMY 🐕🚨
🔥WE HAVE NOW RAISED $9,500,000🔥
✅ YES! -WE ARE SELLING OUT FAST!
— TAMADOGE (@Tamadogecoin) August 31, 2022
TAMA has very strong fundamentals for a meme token. These come from the fact that its metaverse has various play-to-earn features. Namely, players will be able to earn rewards for battling their NFT-based Tamadoge pets, while they can also sell them for a profit.
TAMA has also confirmed its first exchange listing, which will be on LBANK once its presale ends. Others will most likely follow, given how popular the coin has already become. Indeed, it has already accumulated over 49,000 followers on Twitter, having joined the social network as recently as July.
3. Emcis Network (EMC1)
EMC1 has risen by 20% in the past 24 hours, reaching $0.01694950. It gained its listing on CoinGecko and CoinMarketCap only a day ago, so there’s no longer term data. That said, it is up by 53% since appearing on these two price aggregators.
EMC1 is the native token of the newly launched Emcis Network, which is a DeFi-focused network running on Binance Smart Chain. Its network will offer such features as staking, atomic swaps and wallets, as set out in its whitepaper.
Within the Emcis ecosystem, ECM1 has a variety of functions. Holders can use it to purchase and subscribe to content on Emcis’ upcoming content network, while it can also be used for staking. According to Emcis, the token has a hard cap of 600 million EMC1, making it potentially deflationary.
4. ApeCoin (APE)
APE is down by 2.5% in 24 hours, at $4.86. This represents a 7.5% drop in a week and a 27% fall in a month.
APE’s indicators reveal the turbulence of the current market cycle. Its relative strength index (in purple) has seesawed from overbought to oversold in the past month, but is currently above 50. This kind of means it could go anywhere right now, although it’s 56% up from an all-time low of $3.10, set in mid-June.
ApeCoin has recovered following recent downturns for a variety of fundamental reasons. It recently announced that BitPay will be offering APE as a payment option to all of its merchants and customers, something which will likely increase uptake.
BitPay now supports ApeCoin (APE), the native token of the infamous Bored Ape Yacht Club! App users can buy ApeCoin, store, swap and spend in the BitPay Wallet, plus load ApeCoin and spend instantly like cash via the BitPay Card. Learn more: https://t.co/trzm1Nzf6z pic.twitter.com/48hIAal08L
— BitPay (@BitPay) August 18, 2022
The governance token of ApeCoin DAO, APE has also witnessed partnerships with other major names, including Tag Heuer and Gucci. This strengthens its case as a promising new cryptocurrency.
— ApeCoin (@apecoin) August 2, 2022
More fundamentally, ApeCoin has been rallying in recent weeks due to anticipation of its upcoming metaverse, the Otherside. Its future launch highlights how the Bored Ape Yacht Club is very likely to grow beyond being a trendy NFT collection. In conjunction with its popularity, its future plans are why it’s one of our 5 best new cryptocurrency to buy.
The Otherside is shaping up to be one of the most exciting things to happen in Web3.
Recently, the team dropped a detailed light paper that gives us a glimpse into the future of this metaverse.
Here’s a breakdown in 10 tweets 🧵: pic.twitter.com/ylHVYfhoTn
— Puff ❤️ y00ts (@PuffYatty) July 18, 2022
5. Redlight Chain (REDLC)
At $5.31, REDLC is up by 55% in the past 24 hours. It is down by 6% in the last seven days, but has appreciated by 121% since becoming tradable on August 21.
Redlight Chain is an Ethereum Virtual Machine-compatible layer-one blockchain focused on DeFi. Its major innovation is that it offers a gasless blockchain, meaning no fees for transacting. It’s within this ecosystem that REDLC functions as the network’s governance token. It’s currently listed on the XT.com exchange, although more listings should soon follow.
We’ve achieved Millions in Volume since the launch of $REDLC 48 hours ago 🚨
All thanks to our amazing community who continued believing in us, while we innovated to release our Gasless Blockchain!
— Redlight Finance (@redlight) August 22, 2022
Redlight will also be developing its own NFT marketplace and decentralised exchange (DEX). On top of this, it has plans to launch its own play-to-earn game (named Dusk) in the more distant future. Its whitepaper can be found here for more info on how it operates.
Your capital is at risk.