During the last bull run, many individuals made millions by investing early in projects like Solana ($SOL), Fantom ($FTM), and Polygon ($MATIC), which yielded returns of 1200x, 650x, and 1100x, respectively.
For those who missed out on these gains, there are still plenty of new projects with the potential to become the next big winners. In this article, we’ll explore eight early-stage projects that have the potential to deliver over 100x returns in 2024, as shared by analyst Chain Mind.
What you'll learn 👉
How to Profit from New Projects
To maximize your chances of achieving 100x profits from new projects, there are three key strategies to consider:
- Farm the project’s airdrop
- Participate in the public sale or secure a whitelist spot
- Buy during the price discovery stage
The market enters a “price discovery” phase after a project launches its token, determining the token’s value without clear alternatives. During this period, the token may experience local dumps, but it generally exhibits consistent growth. During this stage, you can potentially achieve 100x profits by investing in the right tokens.
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Show more +8 Early-Stage Projects to Watch
1. BounceBit ($BOUNCE) | BRC-20
BounceBit is a Bitcoin restaking platform that utilizes Mainnet Digital and Ceffu custody. It features a Proof-of-Stake (PoS) chain using BTC and a native token, with bridges and oracles secured by restaked BTC, enabling yield for BTC holders across networks.
2. Defispot ($SPOT) | DeFi
Defispot is a multichain decentralized exchange (DEX) that enables swaps, lending, and liquidity provision without centralized intermediaries or KYC sharing.
3. ELNA ($ELNA) | AI
ELNA is a decentralized platform for creating AI agents on-chain. It ensures transparent AI governance and secures private data, facilitating the development, creation, and monetization of AI agents on the blockchain.
4. SharpeLabs ($SAI) | AI
SharpeLabs is an enterprise-grade non-custodial SuperApp designed for DeFi power users and institutions. It offers advanced yield strategies, optimal trade execution, leverage, auditability, and API integration.
5. Grass ($GRASS) | AI/DePin
Grass is an infrastructure project powering AI models. By installing the Grass extension, users can sell their unused internet bandwidth to AI firms, earning a stake in the network and contributing to AI growth.
6. ESE ($ESE) | SocialFi
ESE is a next-generation Web3 marketplace that lowers entry costs, accelerates sales, and is accessible to all. It is tailored for digital assets, tokens, and real-world assets (RWAs).
7. 1intro ($INTRO) | DEX/Solana Ecosystem
1intro is leading the Solana finance ecosystem with AI-powered platforms, including 1DEX for trading, 1LBP for fair project launches, and 1DEPLOY for no-code token creation. It aims to enhance user experience and efficiency.
8. Parcl ($PRCL) | RWA
Parcl v3 is a real estate synthetics exchange where liquidity providers (LPs) contribute to a single pool, earning fees and sharing in the profits and losses (PnL). Parcl Labs provides market index prices via Pyth oracles.
By keeping an eye on the eight early-stage projects highlighted in this article and employing the strategies outlined for profiting from new projects, investors can position themselves to potentially achieve 100x returns in 2024. However, it is essential to conduct thorough research and exercise caution when investing in any cryptocurrency project, as the market remains highly volatile and speculative.
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