8 Small Cap Cryptos to Watch in 2024

The post 8 Small Cap Cryptos to Watch in 2024 appeared first on Coinpedia Fintech News

Cryptocurrency investors are always on the lookout for the next big thing in the market.

With over 2.2 million cryptos now in existence, plenty of hidden gems are waiting to be discovered.

This article will highlight 8 of the most promising small-cap cryptocurrencies that could deliver massive returns in 2024.

1. Bitcoin Minetrix (BTCMTX)

Topping our list of small-cap cryptos to watch is Bitcoin Minetrix (BTCMTX).

This brand-new Ethereum-based project looks to shake up the mining sector through its Stake-to-Mine model.

Bitcoin Minetrix users are able to stake BTCMTX tokens to earn “mining credits,” which can be burned for cloud mining time.

Thanks to this streamlined process, users don’t need to use expensive mining equipment – opening up Bitcoin mining to anyone who wishes to get involved.

Bitcoin Minetrix is still in its presale phase, yet it has raised over $11.2 million ahead of the token’s highly-anticipated exchange listings.

Investors can buy BTCMTX tokens through the presale for just $0.0135.

2. Sponge V2 (SPONGEV2)

Next up is Sponge V2 (SPONGEV2), a trending meme coin hosted on the Polygon network.

As its name implies, Sponge V2 is the second version of the original Sponge (SPONGE) token – yet aims to be “bigger and better” in every way.

The primary way SPONGEV2 does this is through play-to-earn (P2E) game integration, although holders can also stake their tokens to earn high annual yields.

Given the success of the original SPONGE, SPONGEV2 has seen an explosive start to life, up 123% in the past two weeks.

Interested investors can buy SPONGEV2 tokens using the widget at sponge.vip, or by swapping for ETH using Uniswap.

3. Smog (SMOG)

Smog (SMOG) is a Solana-based meme coin that looks to tap into the ongoing hype around non-Ethereum tokens.

The token features a hilarious dragon mascot and is gearing up to launch an enormous airdrop campaign for SMOG holders.

All that’s required is to hold the token until the airdrop to generate “airdrop points” – although holders can also stake their SMOG to earn an impressive yield.

Since its debut on the Jupiter DEX, SMOG is up a whopping 2,400%, although it was up by 3,380% at one point last week.

Those looking to buy SMOG tokens can do so using ETH, USDT, or a credit/debit card at smogtoken.com.

4. Meme Kombat (MK)

Another small-cap crypto that investors may wish to watch in 2024 is Meme Kombat (MK).

Meme Kombat offers an engaging combination of memes and gaming, setting it apart from the thousands of no-utility meme coins.

The project’s main feature is its Ethereum-based battle arena, where users can place bets on animated battles between famous meme coin mascots.

Users can also stake their MK tokens to earn yields of up to 101% per year – meaning there are two potential ways to generate tokenized income.

Meme Kombat is still in its presale phase, yet interested investors can buy MK tokens at the discounted rate of $0.279 for a limited time.

5. eTukTuk (TUK)

eTukTuk (TUK) is an eco-friendly crypto project that looks to promote sustainable transportation in developing countries.

The developers’ main focus is building a charging station network in these countries and offering electronic tuk-tuk vehicles.

TUK is the token that will power the ecosystem, used for tasks like paying for electric vehicle charging and participating in the DePIN governance system.

Like Meme Kombat, eTukTuk is still in its presale phase, yet it has raised an impressive $1.2 million from early investors.

During the presale, investors can buy TUK tokens for just $0.027 – although this price will rise gradually as presale milestones are met.

6. Minu (MINU)

Minu (MINU) is a meme coin hosted on the Binance Smart Chain that offers a unique twist on the traditional meme coin model.

The project aims to reward holders through a mechanism that rewards miners with an 8% daily return in the form of BNB.

Although this mechanism is still largely untested, it hasn’t stopped investors from buying MINU tokens – leading to the token’s price rocketing 557% in the past week.

With a market cap of just $3.5 million and a growing community on Twitter, MINU is another small-cap crypto with enormous upside potential.

7. Heroes of Mavia (MAVIA)

Heroes of Mavia (MAVIA) is a crypto-based strategy game available on mobile devices.

In the game, players can build bases, gather resources, and battle other players for in-game rewards.

The game’s native token is MAVIA, which can be used to craft items and upgrade buildings.

MAVIA is hosted on the Ethereum blockchain and boasts a market cap of just $241 million.

Given the explosion in popularity of crypto gaming, MAVIA could be another under-the-radar token worth watching in 2024.

8. Decred (DCR)

Rounding off our discussion of the best small-cap cryptos to watch is Decred (DCR).

Decred aims to address issues related to governance and centralization in the blockchain space by using a hybrid proof-of-work (PoW) and proof-of-stake (PoS) consensus system.

The native DCR token is used heavily in network governance, given that the project is run by a DAO.

Although Decred has been around since 2016, it has never really taken off in the same way as many other cryptos have.

However, the DCR token is up 8% in the past week, and with a market cap of just $286 million, there could be colossal room to run if momentum builds rapidly.