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11 Best Crypto ICOs in 2024 for 50x Returns – 99Bitcoins


ICOs are a great way to buy into a new project before it blows up. If you’re searching for the best crypto ICOs to invest in, read on. I explore 11 promising ICO campaigns that offer significant upside potential.

Read on to discover the top initial coin offerings from multiple niches, including meme coins, VR gaming, sustainable transportation, and mining solutions.

  • Dogeverse is a trending multichain meme token that could 10x ahead of BTC halving event.
  • As a PoS token users can stake their $DOGEVERSE tokens and earn passive rewards.
  • Wormhole and Portal Bridge technology gives $DOGEVERSE holders access to other blockchains to maximize cheaper fees and faster transactions.

Project Launched

April 2024

  • Trending new SOL meme coin making headlines on social media with imminent CEX listings
  • With over $500k raised in a matter of hours, $SLOTH aims to go viral like $SLERF and $BOME
  • Degens can get their hands on $SLOTH by sending $SOL to the token address and waiting for the airdrop

Project Launched

March 2024

Purchase Methods

  • SOL

    SOL

  • The world’s top GameFi token hosted on the Solana blochain
  • Coming from an established crypto casino with over 50k players, $DICE offers new utility to this popular casino
  • $2.25M available via airdrops for casino players

Project Launched

April 2024

  • Exciting new Learn-to-Earn ecosystem expected to 100x ahead of Bitcoin halving event.
  • Token holders gain exclusive access to trading webinars, courses and more.
  • Buy and stake $99BTC tokens to earn passive rewards.

Project Launched

April 2024

Purchase Methods

  • BNB

    BNB

  • ETH

    ETH

  • Bank Card

    Bank Card

  • USDT

    USDT

  • +1 more

  • One of a kind AR & VR crypto ecosystem
  • 5.21B total supply and 15M marketcap at listing
  • Exciting gaming experiences with token rewards exceeding standard staking

Project Launched

October 2023

Purchase Methods

  • ETH

    ETH

  • BNB

    BNB

  • USDT

    USDT

  • Bank Card

    Bank Card

  • +1 more

  • Previous version witnessed 100x pump in 2023
  • Massive community of Spongers including +30k followers on social media
  • Early investors can buy and stake $SPONGE tokens for 172% p/a rewards

Project Launched

January 2024

  • Massively-hyped solana meme coin with unprecedented airdrops
  • Buy and stake $SMOG tokens for 42% APY rewards
  • Complete tasks, quests, and challenges to earn rewards

Project Launched

February 2024

  • Driving a sustainable transportation revolution with green $TUK presale
  • Investors can buy and stake $TUK tokens for 109% yearly rewards
  • Integrates AI for predictive maintenance of electric vehicles

Project Launched

September 2023

  • Bitcoin Minetrix offers easy BTC cloud mining
  • Trending presale has already raised over $12M
  • Buy, hold and stake BTCMTX tokens for 56% p/a rewards

Project Launched

April 2023

  • Trending meme coin presale that’s already raised $4M
  • Sustainable PoS meme token offering massive staking rewards
  • As it’s based on Ethereum it can easily be stored and traded with ERC-20 tokens

Project Launched

March 2024

The 11 Best ICOs to Invest in Now

In my view, the 11 best crypto ICOs for 2024 are listed below:

  1. Dogeverse  – The overall best ICO for 2024 with multi-chain compatibility
  2. Slothana – Trending Solana meme coin due to launch on Doge Day
  3. 99Bitcoins – Learn2Earn crypto platform offers huge staking yields
  4. 5th Scape – Invest in the next generation of VR, AR, and blockchain gaming
  5. eTukTuk – Sustainable transportation meets electric tuk-tuk vehicles
  6. Bitcoin Minetrix – Innovative stake-to-mine project with $13 million+ raised
  7. Dogecoin20 – Stake-to-earn meme project with $10 million+ raised
  8. Scorpion Casino – Native token for a new casino with confirmed listings
  9. Poodl Inu – Low-cap Ethereum meme coin with huge upside potential
  10. Healix – AI-integrated platform making health and well-being more affordable
  11. Eosi Finance – Private-round ICO with an immediate upside of 850%

The Top New Crypto ICOs Reviewed

I’ll now review the best ICO cryptocurrency projects listed above. I explore the upside potential, token use cases, ICO details, and other important factors.

1. Dogeverse – The Overall Best ICO Crypto Investment for 2024 [$1.4 Million Raised so far]

Dogeverse (DOGEVERSE) is my top ICO pick for 2024. This a dog-themed meme coin, which is one of the hottest trends right now. Especially considering the recent success of dogwifhat and Bonk. Unlike these projects, Dogeverse is a multi-chain token. It’s currently compatible with Ethereum, BNB Chain, Polygon, and Avalanche.

It’s also building compatibility with Solana and Base. These are the six most active blockchain networks, so Dogeverse will have exposure to a huge audience. The project’s mascot is Cosmo, a cross-chain Shiba Inu breed with plenty of energy. In terms of tokenomics, the total DOGEVERSE supply is 200 billion tokens.

Dogeverse ICO review

15% of the supply will be sold to ICO investors at various prices. Put otherwise, the earlier you buy the lower the price. The remaining tokens have been allocated for marketing, exchange applications, liquidity, and staking. The latter offers a sizable APY of 796%. So far, the Dogeverse ICO has raised $1.4 million. The current ICO price is just $0.000291.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Dogeverse DOGEVERSE 200 billion Ethereum, BNB Chain, Polygon, Avalanche, Solana, Base ETH, USDT, BNB, MATIC, AVAX, credit cards

Visit Dogeverse ICO

2. Slothana – Trending Solana Meme Coin With Over $10 Million in ICO Funding 

Slothana (SLOTH) is also one of the best meme coins for ICO investors. This ICO campaign has taken an unconventional route; investors simply need to transfer SOL to the project’s wallet address. Once the ICO campaign has finished, SLOTH tokens are airdropped to investors. More than $10 million worth of SOL has been raised to date.

This makes Slothana one of the most successful ICOs in 2024. That said, the ICO is ongoing, so you can still buy SLOTH tokens at competitive prices. 1 SOL gets you 10,000 SLOTH, which values the tokens at just $0.0172. Slothana is expected to list on exchanges on Doge Day, which is April 20th, 2024.

Slothana ICO

Although Slothana is a pre-launch project, it has already amassed a growing community. On the Slothana X page, the project has more than 16,000 followers. This has been achieved in just one month. The main drawback is that Slothana hasn’t published its tokenomics. What’s more, it hasn’t launched a Telegram group.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Slothana SLOTH Not published Solana SOL

Visit Slothana ICO

3. 99Bitcoins – New Crypto Offers Token Rewards Through its Learn2Earn Ecosystem

99Bitcoins ($99BTC) is a new learn-to-earn cryptocurrency platform. This platform pushes you to increase your knowledge about the crypto space by offering its native token as a reward.

Recently, the $99BTC token launched its ICO round – which has raised more than $115K in just a few hours. From a total supply of 99 billion tokens, 15% is being allocated through the ICO. Investors are flocking to the ICO due to 99Bitcoins’ multiple use cases.

99Bitcoins presale

Firstly, you can earn additional $99BTC tokens by progressing through the learning curriculum, taking quizzes, and completing assessments. Furthermore, token holders get access to a VIP group, where they can gain insights from like-minded individuals. Token holders also get access to expert trading signals on 99Bitcoins.

Finally, this cryptocurrency also offers huge staking rewards through its secure smart contract. At press time, one can generate more than 70,000% in annual yields by staking $99BTC. While 99Bitcoins is built on Ethereum, it will eventually migrate to the Bitcoin blockchain.

Once the migration is complete, it will adopt the BRC-20 token standard. Thus, 99Bitcoins can benefit from Bitcoin’s robust network, which developers use to create DApps and NFTs. Early investors can also stand a chance to win a share of the 99Bitcoins airdrop. Through the airdrop campaign, $99,000 worth of tokens will be distributed among 99 lucky winners.

All these reasons have played a role in 99Bitcoin’s rapid presale launch.

ICO Project Ticker Total Supply Chain ICO Payment Methods
99Bitcoins 99BTC 99 billion Ethereum (Will migrate to Bitcoin) ETH, USDT, BNB, Card

Visit 99Bitcoins ICO

4. 5th Scape – Invest in the Next Generation of VR and Blockchain Gaming

5th Scape (5SCAPE) is one of the best crypto ICOs with long-term utility. This project has every chance of exploding during the next bull run, considering it is involved in high-growth markets; virtual reality (VR) and augmented reality (AR). Not only that, but 5th Scape bridges the gap between real-world gaming and the blockchain ecosystem.

In a nutshell, 5th Scape has developed VR and AR games that cover multiple genres. This includes racing, cricket, archery, and fighting. Most importantly, its exclusive games require the 5th Scape headset, which is proprietary to the project. This means 5th Scape is a self-sufficient project that will generate long-term revenues.

5th Scape ICO

It also offers an ergonomic chair that takes VR and AR experiences to the next level. The 5th Scape ICO is approaching $5 million in funding. It’s currently in stage four, so 5SCAPE tokens are priced at $0.00285. This will increase by 14% in the next stage. 5SCAPE will be listed on exchanges at $0.01 after the ICO, which is a 250% increase from current prices.

ICO Project Ticker Total Supply Chain ICO Payment Methods
5th Scape 5SCAPE 5.21 billion Ethereum ETH, USDT, BNB, MATIC, credit cards

Visit 5th Scape ICO

5. eTukTuk – Sustainable Transportation Meets Electric Tuk-Tuk Vehicles 

eTukTuk (TUK) is another ICO project that’s operating in a high-growth market. Based in Sri Lanka, eTukTuk is spearheading the electric vehicle revolution on the Asian continent. More specifically, it manufactures electric tuk-tuk vehicles, which are used by millions of drivers in the developing world.

However, in the current landscape, tuk-tuks are fueled by internal combustion engines, which are bad for the environment. Therefore, eTukTuk is creating societal changes. eTukTuk is also revolutionizing day-to-day transportation. Its electric tuk-tuks are built with artificial intelligence dashboards.

eTukTuk review

Put simply, this will help drivers find the fastest and most efficient routes in real time. This further helps the environment by reducing traffic. eTukTuk’s ICO is going well, with almost $3 million raised. TUK tokens – which operate on the BNB Chain, are being sold for just $0.03. After the ICO, investors can stake their TUK tokens at APYs of 91%.

ICO Project Ticker Total Supply Chain ICO Payment Methods
eTukTuk TUK 2 billion BNB Chain ETH, USDT, BNB, credit cards

Visit eTukTuk ICO

6. Bitcoin Minetrix – Innovative Stake-to-Mine Ecosystem With $13 Million+ Raised 

Bitcoin Minetrix (BTCMTX)  is an innovative project that’s creating real-world solutions. In simple terms, it enables users to mine Bitcoin without owning any equipment, such as ASICs and cooling devices. Instead, Bitcoin Minetrix has developed a stake-to-mine system. This offers exposure to the Bitcoin mining scene simply by staking BTCMTX tokens.

This is because staking generates credits, which can be swapped for Bitcoin mining power. The Bitcoin Minetrix ecosystem is decentralized and there are no minimum staking requirements. This ensures that anyone can mine Bitcoin, no matter their budget. What’s more, users can redeem their Bitcoin mining power at any time.

Bitcoin Minetrix ICO

This ensures that much-needed funds aren’t locked in long mining contracts. In addition, BTCMTX is also an investment token. After the ICO, BTCMTX will trade on crypto exchanges. This means the value of BTCMTX could rise while they’re being staked. The Bitcoin Minetix ICO has just passed $13 million. BTCMTX tokens are being sold for just $0.0146.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Bitcoin Minetrix BTCMTX 4 billion Ethereum ETH, USDT, BNB, MATIC, credit cards

Visit Bitcoin Minetrix ICO

7. Dogecoin20 – Stake-to-Earn Meme Coin ICO With APYs of 48% 

Dogecoin20 (DOGE20) is also one of the best crypto ICOs to consider today. This ICO campaign is approaching its conclusion; more than $10 million has been raised. Dogecoin20 is loosely based on the original Dogecoin project, but it’s built on the Ethereum network. In addition, Dogecoin20 has a maximum supply of 140 billion tokens.

This offers more sustainable tokenomics when compared to Dogecoin, which has an unlimited supply. 25% of the DOGE20 supply is being sold to ICO investors. 25% is being allocated to marketing, so Dogecoin20 will have a huge war chest to spread its message. Another benefit is that Dogecoin20 is a stake-to-earn meme coin.

Dogecoin20 ICO review

This enables investors to generate passive rewards. The APY is currently 48%. The Dogecoin20 ICO will run for another nine days. After that, it will be launched on exchanges. This coincides with Doge Day. The ICO accepts ETH, USDT, BNB, and credit cards. However, BNB investments aren’t eligible for the stake-to-earn rewards.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Dogecoin20 DOGE20 140 billion Ethereum ETH, USDT, BNB, credit cards

Visit Dogecoin20 ICO

8. Scorpion Casino – Native Token for a New Casino With Confirmed Listings    

Scorpion Casino (SCORP) should also be considered when exploring the best ICOs for 2024. This is another high-growth play, with Scorpion Casino involved in the blockchain gambling space. This is one of the fastest-growing markets, with an increasing number of players turning to Bitcoin casinos. Licensed in Curaçao, Scorpion Casino offers a huge range of games.

This includes slots, blackjack, baccarat, roulette, and video poker. Live casino games and sports betting markets are also available. Deposits and withdrawals are instant and supported coins include Bitcoin, Dogecoin, Ethereum, and XRP. The Scorpion Casino ICO is selling SCORP tokens (via PinkSale) at just $0.05. SCORP has utility within the ecosystem.

Scorpion Casino ICO

This includes passive staking rewards and exclusive gambling bonuses. Scorpion Casino has also launched a buyback mechanism. It will use net operating profits to purchase SCORP from public exchanges. This increases scarcity over time can help SCORP’s value appreciate. SCORP will be listed on Pancakeswap, LBank, BitMart, and XT.com throughout April 2024.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Scorpion Casino SCORP 1 billion BNB Chain BNB (via PinkSale)

Visit Scorpion Casino ICO

9. Poodl Inu – Low-cap Ethereum Meme Coin With Huge Upside Potential

Poodl Inu (POODL) is another meme coin that whales are keeping an eye on. Operating on the Ethereum network, Poodl Inu is capitalizing on the dog-themed craze. However, rather than use the Shiba Inu breed like most other projects, it has opted for a frisky poodle. This could resonate well with meme coin investors who are looking for something different.

The total POODL supply is 6.9 billion tokens. 50% of the supply will be sold to ICO investors. The balance will be allocated to staking, exchange liquidity, and marketing. The staking pool is currently offering attractive APYs of 95%. So far, the Poodl Inu ICO has raised over $2.8 million. However, the ICO will be over in 12 hours.

Poodl Inu ICO

This will give Poodl Inu a small market capitalization of about $5.6 million, based on the 50% ICO sale. As such, the upside potential of this promising meme coin could be huge. Those catching the ICO before it finishes will pay just $0.000885 per POODL. This means you’ll get just under 113,000 tokens for every $100 invested.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Poodl Inu POODL 6.9 billion Ethereum ETH, USDT, BNB, credit cards

Visit Poodl Inu ICO

10. Healix – AI-Integrated Platform Making Health and Well-being More Affordable

Healix (HLX) is operating in a multi-trillion marketplace; health and well-being. It has developed an inclusive ecosystem that’s fueled by artificial intelligence and data science. It aims to make healthcare more affordable. Healix has created a mobile app that connects healthcare practitioners and fitness coaches to the masses.

The app leverages biometrics to obtain real-time data, which is securely held on the blockchain. This offers many use cases, such as sleep tracking, stress monitoring, and wellness scoring. It also offers AI-backed training, allowing users to set and track fitness goals.

Healix ICO

There is also a rewards-based system, meaning users can earn HLX tokens when achieving health objectives. HLX is also a payment currency, enabling users to purchase health services and well-being products. The Healix ICO is in stage one, so just over $62,000 has been raised so far. This enables early investors to secure the lowest price of $0.03.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Healix HLX 1 billion BNB Chain BNB, USDT

11. Eosi Finance – Private-Round ICO With an Immediate Upside of 850%

Eosi Finance (EOSIF) has developed a consumer-friendly trading platform that supports passive investing. Put simply, users can copy pre-vetted crypto traders like-for-like. Anything the trader buys or sells is replicated in real-time. Eosi Finance has also integrated AI solutions. This helps users to choose the best trader based on their goals and risk tolerance.

The platform is on-chain, meaning that Eosi Finance never touches client funds. Instead, users securely connect a wallet and enable smart contracts to execute positions. The platform is also cloud-based, ensuring server uptime around the clock. EOSIF is the native ecosystem token backing the project.

Eosi Finance ICO

It’s currently being sold via a private-round ICO, which anyone can access. The current ICO price is just $0.10. This increases to $0.60 when the public round starts. After the ICO, EOSIF will be listed on exchanges at $0.95. This offers an 850% upside for private-round investors. However, there is a vesting period, where 25% of tokens are released every four months.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Eosi Finance EOSIF 80 million Polygon MATIC

What is an ICO in Crypto?

ICOs are initial coin offerings. They’re similar to initial public offerings, as they enable crypto projects to raise funds from retail investors. The process is simple; ICO investments are made with popular coins like ETH or USDT. In return, ICO investors receive the project’s native tokens.

This means ICO investors are buying a brand-new token before it launches on exchanges. Put otherwise, it’s like buying into a startup before it lists on a stock exchange. Just like ICOs, this offers preferential pricing for early investors. This is because you’re backing a project before it becomes mainstream.

However, ICOs are very risky. You’re often investing before the project has a working product or service. It might never achieve its goals and objectives, which can leave ICO investors with worthless tokens. That said, due to the increased risks, ICO investors expect significant returns.

ICO Example: As per CoinCodex data, Solana held its fundraising campaign in April 2018. Early investors paid just $0.22 per SOL. Solana has since achieved an all-time high price of $260.06. This represented returns of almost 12,000%. So, for every $1,000 invested, you could have returned $120,000.

Is an ICO the Same as a Crypto Presale?

The terms ‘ICO’ and ‘presale’ are used interchangeably. They refer to the same mechanism. That is, new crypto projects sell their native tokens to raise funds. Anyone can invest in a presale/ICO.

In most cases, the project will run the fundraising campaign on its website. Investors connect a wallet, choose their payment currency (e.g. ETH or USDT), and purchase the tokens.

After the presale/ICO, the tokens will be listed on exchanges. This is usually a decentralized exchange, although some projects achieve centralized listings from the get-go.

ICOs vs IEOs

Another term you’ll likely come across is IEOs, or initial exchange offerings. IEOs are different from ICOs. This is because IEOs are held directly on crypto exchanges. This comes with several benefits. For a start, IEOs are typically pre-vetted by the exchange platform.

This gives investors confidence, as the project will have gone through a KYC (Know-Your-Customer) process. The exchange will also evaluate the project goals, token use cases, and smart contract audit. In addition, the tokens will usually be listed on the respective exchange once the IEO is over. This can offer immediate liquidity, although this depends on the exchange.

In contrast, ICOs sell their tokens directly to investors. While this means projects aren’t pre-vetted, ICO investors generally get a much better deal. I found that ICOs offer staggered pricing structures, meaning early investors secure the lowest entry price. What’s more, anyone can invest in an ICO. IEOs, however, might only be available to investors from eligible countries.

How do Crypto ICOs Work?

The best crypto ICOs are brand-new projects, so can yield significant upside. However, the investment process is different from buying tokens on an exchange.

Therefore, if you’re new to cryptocurrency ICOs, I’ll now explain how the process works. This will ensure you avoid mistakes, which can lead to a loss of funds.

Assessment Period

Once an ICO launches, new investors will initially research the project. This often means reading the whitepaper and exploring the token use cases. However, an increasing number of ICOs are launching without whitepapers or roadmap targets – especially meme coins.

Dogeverse ICO

This isn’t necessarily a drawback. After all, dogwifhat doesn’t have a whitepaper – and it’s since hit a $4 billion valuation. That said, investors should still research the tokenomics, such as the total token supply, whether there’s a transaction tax, and the network standard (e.g. Ethereum or Solana).

Token Creation

ICOs sell brand-new tokens before they trade on crypto exchanges. In the majority of cases, the tokens will be created before the ICO launches. This enables investors to evaluate the smart contract and ensure it’s been audited. Otherwise, there is a risk that the smart contract can be changed, resulting in a rug pull. More on this later.

The created tokens will operate on a legacy blockchain network. This makes it easy for investors to buy the token. For instance, Slothana is built on the Solana blockchain, which is popular with new meme coin projects. This means investors can buy Slothana with SOL. Dogecoin20 has opted for the Ethereum network, so investments are made with ETH or USDT.

Soft and Hard Caps

Most ICOs come with a soft cap target. This is the minimum amount the project needs to raise during the cryptocurrency ICO. If the soft cap isn’t reached, then investors will receive their funds back.

The hard cap is the maximum amount the project wants to raise. Once reached, the ICO will usually end. However, some projects continue raising funds even though the hard cap has been achieved.

Setting up an ICO Order

ICOs usually run on the project’s website. Investors are required to connect a wallet, such as Phantom or MetaMask. They can choose their preferred payment currency (e.g. ETH) and type in the number of tokens they want to buy.

how to invest in ICOs

After confirming the order, the payment currency will be deducted from the wallet. The ICO tokens will then be deposited into the same wallet. This sometimes happens after the ICO has finished.

Exchange Listing

The final stage of the ICO process is exchange listings. This means the ICO tokens will be listed on public exchanges, allowing anyone to buy or sell them. Most projects will opt for a decentralized exchange (DEX) to begin with. No application is required; anyone can list tokens on DEXs like Jupiter and Uniswap.

The project will choose the initial listing price and add liquidity. This ensures new investors can trade the tokens in smooth market conditions. Once trading begins, ICO investors will hope the token price increases. This will happen if the token attracts more buyers than sellers. However, the opposite can also happen, meaning the token price declines.

Why Invest in Initial Coin Offerings?

I’ll now reveal the core benefits of investing in new ICO crypto projects. After that, I’ll move on to the risks.

Long-Term Profit Potential

Investing in the right ICO can yield significant long-term profits. This is because you’re investing in a new project from the ground up. While investments can take several years to truly blossom, ICO returns can be substantial. Crucially, you’re taking on increased risks by investing in an unproven concept, so high returns should be expected.

Let’s consider some real-world examples. I mentioned earlier that Solana raised funds at $0.22 per SOL in 2018. In 2024, SOL hit all-time highs, increasing by almost 12,000% from its initial funding price. What’s more, many investors believe Solana is still worth a fraction of its true potential. So sizable gains are also possible during the next bull cycle.

Ethereum price since launch

Similarly, Ethereum has also rewarded early backers. As per CoinCodex data, Ethereum’s ICO was priced at $0.31 per ETH. In 2021, ETH hit all-time highs of almost $5,000. This represents ICO gains of over 1.6 million percent. Just like Solana, Ethereum has a long way to go before reaching its true potential.

A more recent success story is Avalanche. CoinCodex data shows that the Avalanche ICO sold AVAX for just $0.50. AVAX hit an all-time high of $146.22 in late 2021. This represents gains of over 29,000% for ICO investors. That’s $290,000 for every $1,000 invested.

An Opportunity to Make Rapid Short-Term Gains

The most substantial ICO returns are made when investing long-term. This is evident with projects like Solana, Ethereum, and Avalanche. However, ICOs are also ideal for making short-term gains. This is because ICO projects typically have a small market capitalization.

So, when the tokens list on exchanges, they can increase at a much faster pace than large-cap projects. What’s more, there’s often FOMO (fear of missing out) when an ICO sells its full allocation. This means investors will often buy the tokens once they trade on public exchanges.

A recent example is BOOK OF MEME. According to CoinCodex data, BOOK OF MEME was listed at $ 0.00005880 on March 14th, 2024. Just two days later, BOOK OF MEME hit an all-time high of $0.02805. This early means investors made over 47,000%.

Secure an ICO Discount

Another benefit of investing in ICOs is that many campaigns offer discounted pricing. This means investors can secure an upside before the tokens list on exchanges. For example, the 5th Scape ICO offered a stage one price of $0.00187. Once 5th Scape is listed on exchanges, it will be priced at $0.01.

This means investing in stage one secured an immediate upside of over 400%. While the 5th Scape ICO is now in stage four, discounted prices are still being offered. At $0.00285, that’s an upside of 250%. However, do remember that tokens can decline once traded on exchanges. This means ICO upsides aren’t guaranteed.

Fun Fact: The biggest ICO of all time is EOS. The EOS ICO, which concluded in 2018, raised more than $4 billion. Today, EOS is worth just over $1 billion – highlighting that many ICOs fail to live up to expectations.

What are the Risks of Initial Coin Offerings?

Even the best ICOs are inherently risky.

Consider the following risks before investing in an initial coin offering:

  • Scams: Some ICOs are scams, meaning the sole aim is to defraud investors. The project might have no intentions of achieving success. Rather, the ICO will collect funds from investors before disappearing. Therefore, research is crucial when investing in ICOs.
  • Contract Amendments: Another risk is that ICO projects could amend the smart contract. For instance, they might restrict sell transactions. This means people can buy the tokens but not cash out. To avoid this risk, make sure the smart contract has been audited and renounced. This means the contract can’t be changed.
  • Price Depreciation: ICO token prices will rise and fall once listed on exchanges. This can’t be controlled by the ICO project, as crypto prices are determined by market forces. If the price declines below what you paid during the ICO, you’ll be running at a loss. The best defense here is to ensure you’re well-diversified.
  • Wallet Hacks: ICO tokens are deposited into the investor’s wallet. This also presents a risk, as wallet hacks are increasingly becoming popular. If the wallet is hacked remotely, the ICO tokens will be stolen. This is also the case for any other tokens stored in the wallet. Ensure you’re using a reputable wallet with suitable security controls.

How to Find the Best Crypto ICOs

I’ve explored the benefits and risks of new ICOs. Next, I’ll explain how to find upcoming ICOs with the most potential. After all, there isn’t a centralized database with ICO listings, so you’ll need to put in some legwork.

X (Formally Twitter)

I’d suggest starting with X when searching for the best ICOs. This is the de-facto social media platform for crypto projects. Growing a strong following on X is crucial to building a strong community, which is why it’s often the first port of call for ICOs.

Finding new ICOs on X

First, search for #ICO and focus on the most recent posts. You might find an ICO gem straightaway. Similarly, it’s worth searching for #presale too. In addition, there are also pages on X dedicated exclusively to upcoming ICO campaigns. ICO Announcement is a good example, which has over 477,000 followers.

ICO Aggregation Websites

Next, check out some of the leading ICO aggregation websites. These platforms offer an initial coin offering list in real-time, so you can find suitable projects at the earliest stage possible. 

The two market leaders in this space are ICOBench and ICO Drops. Their crypto ICO list will state the start and end dates, current fundraising amount, pricing, and links to the respective website.

Telegram Groups

I’d also suggest finding some top-rated Telegram groups that specialize in crypto investments. More specifically, make sure the group is focused on finding small-cap gems, which should include ICOs.

Prioritize groups with the largest number of members, as these are likely to be active. 

Reddit 

The best crypto ICOs are often advertised or discussed on Reddit. The best group is r/CryptocurrencyICO, which has over 187,000 members.

Just be careful when engaging on Reddit, there are many scammers. Never click links from Reddit and avoid responding to private messages. 

How to Invest in an ICO

Once you’ve discovered the top ICOs for 2024, you’ll need to complete an investment.

The step-by-step process is summarized below:

  • Step 1: Get Some Crypto: You’ll need some crypto before you can invest in an ICO. Visit the ICO website and check what coins are accepted. If it’s an Ethereum-based ICO, you can typically use ETH and USDT. If it’s Solana-based, then you’ll likely need SOL. The best altcoins can be purchased at reputable exchanges like eToro, Coinbase, and Kraken.
  • Step 2: Transfer Crypto to a Wallet: Once you’ve bought crypto from an exchange, transfer the coins to a suitable wallet. A good option for Ethereum-based ICOs is MetaMask. Phantom is a good option for Solana-based ICOs.
  • Step 3: Connect Wallet to ICO Website: You should now have a funded wallet. Next, connect the wallet to the ICO website. You’ll need to confirm authorization from within the wallet.
  • Step 4: Set up ICO Order: After connecting the wallet, fill out the ICO order form. You’ll need to select the purchase currency (e.g. ETH or SOL) and type in the investment size.
  • Step 5: Complete ICO Investment: Check everything is correct and confirm the ICO investment. Finally, open your wallet and provide authorization for the transaction.

Once authorization is provided, a smart contract will complete the investment. This means the original coins are deducted from your wallet. Then, the ICO tokens are deposited into the same wallet.

Conclusion

ICOs are inherently risky. But by conducting adequate research and ensuring you’re well diversified, ICOs can generate significant profit potential. In my view, Dogeverse is the best crypto ICO for 2024.

This is the first multi-chain meme coin to launch, with compatibility including Ethereum, BNB Chain, Solana, Base, Avalanche, and Polygon. Over $1.4 million has already been raised and there’s an attractive discount for current-round investors.

Visit Dogeverse ICO

FAQs

What is an ICO in cryptocurrency?

ICOs are initial coin offerings, which allow investors to buy a brand-new crypto token before the broader market. The tokens will be listed on exchanges after the ICO, often at a higher price.

Are crypto ICOs legal?

ICOs are legal in most countries, but there are some exceptions. Some countries require ICOs to be registered as securities, while others ban them outright. Check the laws in your home country before investing in ICOs.

Are ICOs safe to invest in?

The investment process itself is safe, but not all ICOs are credible projects. Ensure you’re well diversified, conduct plenty of research, and never invest more than you can afford to lose.

What are the best ICOs to invest in right now?

Some of the best ICO cryptos are Dogeverse, Slothana, 99Bitcoins, and 5th Scape. This covers a blend of niches, including meme coins, VR gaming, and sustainable transportation.

Are ICOs a good investment?

Picking the right ICO can yield significant gains, especially if the project becomes mainstream. However, most ICOs fail, meaning you could lose money.

References

  1. Crypto gets crazy again with dog-inspired tokens and Bitcoin eyeing $45,000 (Bloomberg)
  2. Consumer warning about the risks of Initial Coin Offerings (‘ICOs’) (FCA)
  3. How to avoid getting duped by a bogus initial coin offering (CNBC)
  4. A blockchain start-up just raised $4 billion without a live product (CNBC)
  5. Risks of cryptocurrencies, initial coin offerings and other digital tokens (MoneySense.gov)





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