10+ Best Dubai Cryptocurrency Projects to Invest In

The open-market structure of Dubai and the region’s receptiveness towards blockchain has led to many cryptocurrencies prospering in the area. The country has set up a regulatory body recently to oversee cryptocurrency projects and now aims to become the crypto capital of the world. As a result, multiple companies set up their regional offices or use Dubai as the perfect place to show off their projects.

In this guide, we cover the best Dubai cryptocurrency projects based on their utility, their tokenomics, and their future upsides.

Best Dubai Crypto Projects List – At a Glance

These tokens are continually making rounds in Dubai and have the potential to bring major upsides in 2024. Read as we dig deep and investigate why these crypto assets are worth the time of investors in Dubai.

Top Crypto Projects in Dubai – Complete Reviews

This section takes a closer look into each cryptocurrency we listed and highlights its upsides for Dubai-based investors.

Dogeverse – Leading the Charge in Dubai’s Crypto Revolution with Multi-Chain Innovation

Dubai has firmly cemented its position as a global hub for cryptocurrency innovation, and one project that’s capturing the attention of savvy investors in the region is Dogeverse. This multi-chain meme token is ushering in a new era of accessibility and versatility, transcending the traditional boundaries of blockchain networks.

Unlike many crypto projects confined to a single platform, Dogeverse has engineered a seamless cross-chain experience, allowing its tokens to be traded and staked across Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. This interconnectivity is a game-changer, empowering Dubai’s diverse crypto community to engage with the Dogeverse ecosystem without the friction of network constraints.

But Dogeverse’s allure extends beyond its technical prowess. The team has earmarked a substantial 10% of the total token supply for staking rewards, providing early participants with the opportunity to earn exceptional yields of over 500% APY. This attractive incentive structure, combined with the project’s community-driven roadmap, positions Dogeverse as a must-consider addition to any portfolio of the best Dubai-based cryptocurrency investments.

As the emirate continues to cement its status as a global crypto hub, Dogeverse’s multichain versatility, rewarding tokenomics, and Dubai-centric focus make it a standout contender for savvy investors seeking exposure to the region’s most promising blockchain projects.

Visit Dogeverse

Sealana – Leading Solana Meme Coin with Potential to Go Big in Dubai

Sealana, a Solana-based meme coin, has the potential to make a significant impact on the Dubai market, thanks to its comedic tone and straightforward approach.

Often referred to as the token for “degens,” Sealana draws inspiration from various cultural and trading elements. One of its primary inspirations is South Park, reflected in its art style and relatable humor. The core theme of this meme coin revolves around an anthropomorphized seal character more interested in scouting the best tokens on the Solana blockchain than maintaining its health. In pursuit of market gains, this character has launched its own viral token, focusing on rapid gains and community-building through humorous memes.

Sealana’s ecosystem lacks utilities and long-term fundamentals, presenting itself as a simple token with the potential for massive gains within a short period, driven by its meme-based appeal.

For those seeking wealth opportunities in Dubai, Sealana could be an enticing option. Investors can participate in its ongoing presale, which offers 6900 SEAL tokens for 1 SOL, by sending SOL tokens to the provided address on the platform.

Visit Sealana

WienerAI – AI-Themed Crypto With a Potential to Explode

WienerAI defines itself as a leading cryptocurrency in Dubai’s vibrant and innovation-driven market, capturing the attention of investors and tech enthusiasts alike. Its unique AI-themed narrative, set in the futuristic year of 2132, resonates well with Dubai’s forward-thinking and tech-savvy populace, emphasizing the region’s commitment to embracing and pioneering advanced technologies.

The backstory of WienerAI, involving a mad scientist known as The Architect who accidentally creates a cybernetic canine AI with hot dog DNA, blends humor with high-tech intrigue. This playful yet innovative storyline is particularly appealing in a market like Dubai, where technological advancement and futuristic projects are a part of the city’s global identity. As the project transitions from presale to full launch, its thematic focus on AI is expected to garner even greater interest among those who are keen on technologies that merge AI with daily life, echoing Dubai’s own aspirations to become a hub for AI and blockchain innovations.

WienerAI’s commitment to security and transparency is demonstrated through its successful audit by Coinsult, a crucial factor that enhances its credibility among investors in a region that values stringent compliance and security measures. This audited status reassures potential investors of the project’s legitimacy and commitment to safeguarding participant interests.

As a memecoin, WienerAI offers potential for substantial growth. The global appeal of meme coins, combined with a narrative that is easy to get behind and share, positions WienerAI to tap into the viral aspects of crypto trading, which can lead to rapid growth in both interest and value. The strategic launch and marketing in a crypto-enthusiastic market like Dubai could propel WienerAI to become a significant player in the memecoin sector.

Visit WienerAI Presale

Mega Dice – Dubai’s Crypto Gem Leading the Way

Dubai, the glittering metropolis known for its forward-thinking approach, has emerged as a hotbed of cryptocurrency innovation. And among the standout projects in this vibrant ecosystem is Mega Dice, the pioneering crypto casino that is redefining the online gambling industry.

Mega Dice’s arrival in Dubai’s burgeoning crypto scene is no mere coincidence. The platform’s unwavering commitment to integrating blockchain technology and its focus on creating a secure, transparent, and user-centric gaming experience have made it a natural fit for the emirate’s tech-savvy investors.

With a user base of over 50,000 players and a staggering $50 million in monthly bets, Mega Dice has already established itself as a dominant force in the crypto gambling space. But the recent launch of the DICE token, the platform’s native asset, has further cemented its status as a must-have investment for those seeking exposure to Dubai’s most promising cryptocurrency projects.

The DICE token unlocks a plethora of exclusive benefits for holders, including revenue sharing, access to limited-edition NFTs, and enhanced loyalty rewards. The overwhelming response to the DICE token presale, which has already raised over $300,000 in just 24 hours, underscores the community’s belief in Mega Dice’s ability to thrive in Dubai’s thriving crypto ecosystem.

Visit Mega Dice Presale

99Bitcoins – Bringing Crypto Education to the Middle East

The United Arab Emirates, and particularly the city of Dubai, has emerged as a global hub for cryptocurrency innovation and investment. In this dynamic landscape, one project that stands out for its potential to make a lasting impact is 99Bitcoins and its native token, $99BTC.

What sets 99Bitcoins apart is its unwavering commitment to crypto education, a key focus area for the Dubai government as it seeks to foster mainstream adoption of digital assets. The platform’s innovative “Learn-to-Earn” model, which rewards users for engaging with its extensive educational content, aligns perfectly with the region’s drive to enhance financial literacy and technological proficiency.

By integrating $99BTC with the BRC-20 token standard, the 99Bitcoins team has further amplified the token’s appeal to the Middle Eastern market. This move not only provides users with the security and stability of the Bitcoin network but also opens up new avenues for the token’s real-world utility within the thriving Dubai crypto ecosystem.

Furthermore, the platform’s robust community of over 700,000 YouTube subscribers and 2 million registered users, spanning diverse geographic regions, positions 99Bitcoins as a trusted and well-recognized brand in the global crypto space. This established presence, combined with the project’s focus on education and its planned expansion into the Middle East, makes $99BTC a compelling investment opportunity for those seeking to capitalize on Dubai’s burgeoning crypto landscape.

As the UAE continues to cement its status as a leading destination for digital asset innovation, 99Bitcoins emerges as a project poised to play a pivotal role in driving cryptocurrency adoption and education in the region, offering both strategic and financial benefits to discerning investors.

Visit 99Bitcoins

5th Scape – Dubai Crypto in the Gaming Niche

Gaming has been rising at a breakneck speed in Dubai. The exceptional growth of gaming and blockchain in the region is due to the country’s greater receptiveness to technological growth, which is why 5th Scape is the perfect Dubai crypto in the gaming niche.

Presenting users with a virtual reality ecosystem, 5th Scape has been described in its official whitepaper as a project that will bring elite minds across the world together.

These elite minds are those of gamers who will be able to dive into 5th Scape’s immersive games and developers will get a chance to craft their own VR games and put them on sale.

Additionally, 5th Scape is also providing VR headsets and gaming chairs, ensuring that the gameplay and the ecosystem meet its immersive requirements.

At the core of this project lies 5SCAPE, an ERC-20 token that acts as a reward token and an asset meant to interact with 5th Scape’s ecosystem. The token is currently available for presale at a discount price.

Buy 5th Scape

Smog – Best Dubai Memecoin with Gaming Features

With its unique appeal and dragon-based aesthetics, Smog has emerged as a good crypto buy for Dubai investors. At its core, this memecoin takes a more mystical narrative for the Solana ecosystem, creating a fantastical story that brings a different vibe to the eco-friendly blockchain.

What makes Smog worth checking out, however, is its unique approach to tackling the airdrop issue. Airdrops have historically been randomized, and since they are often predictable, they don’t excite investors as they used to. To tackle this mundane mood created around airdrop, Smog has made a small tweak.

It has added a gamified element into the mix.

While the airdrop will be reserved for SMOG holders only. Getting access to it won’t be simple. A game has been created with Smog’s ecosystem that consists of quests and yields airdrop points. These quests will be organized on a daily, weekly, and monthly basis. Completing these quests will unlock airdrop points as a reward that will determine how many tokens investors get when the airdrop arrives.

With the introduction of the ETH bridge, Smog now lets users buy Smog tokens using Ethereum. It has also introduced a staking mechanic that allows investors to generate APY rewards by locking their SMOG tokens.

These long-term fundamentals aside, being on the Solana chain is another reason Smog has been a hit among investors. Another reason behind its bullish behavior is its launch on DEX, which gives this project a community-like appeal. Those who want to invest in this project can visit smogtoken.com. Using the official website to buy Smog OTC will give users a 10% discount.

If you want to know more about this project, you can explore this analysis video by Jacob Crypto Bury.

Visit Smog

Sponge V2 – Popular Dubai Memecoin with Staking Features

For Dubai-based investors looking to make high levels of gains in the short term, Sponge V2 is a suitable token to support. However, this project’s utility lies far beyond its short-term perks. With its unique staking mechanics, investors can earn lucrative APY starting from 40%.

To get Sponge V2, investors must go to the official website and stake their Sponge V1 tokens. Those who are yet to buy the token can buy and stake their Sponge V1 tokens at the same time.

Once Sponge V2 drops, stakers will get an equivalent number of Sponge V2 tokens. However, holders who are patient can keep their Sponge V1 tokens locked and earn lucrative APY rewards.

In addition to staking features, Sponge V2 is also coming with a P2E game. Although the nature and the mechanics of the game are yet to be revealed, it is known that the game caters to both the Web 2 and the Web 3 crowd, which can bolster the interest in Sponge V2 tokens.

So far, more than 650 million Sponge V1 tokens have been staked. Interested parties can visit the official website – sponge.vip – to learn more about this project.

Visit Sponge V2

eTukTuk – Trending Presale Project With An Eco-Friendly Concept

eTukTuk is increasingly becoming a favored investment option among Dubai investors as it gains traction and resonates with the local social media audience. The project’s environmentally conscious approach aligns well with the growing trend towards green investments in recent years. Its primary focus is on revolutionizing global transportation infrastructure to mitigate environmental harm.

To realize its vision of eco-friendly travel, eTukTuk offers two key components: the eTuktuk vehicle, a three-wheeled electric vehicle (EV), and a network of charging stations accessible through the project. By fostering a community around this network, eTukTuk aims to drive greater EV adoption, thereby benefiting the environment. Central to this ecosystem is the TUK token, the project’s native currency, which will facilitate payments for charging at these stations. Additionally, TUK will be utilized in the project’s play-to-earn (P2E) game, where players can earn tokens by transporting passengers, further enhancing its utility while promoting environmental consciousness.

Currently in its presale phase, the TUK token is priced at $0.026 in the first stage of the presale. However, this price is expected to increase with each subsequent stage, leading up to the launch, providing presale investors with profitable returns in a relatively short period. With its promising potential and innovative concept, this Dubai-based cryptocurrency is poised for significant growth upon launch and subsequent exchange listings.

Buy eTukTuk

Ethereum – Best Altcoin to Trade in Dubai

Next on the list is the number 1 altcoin in the market – Ethereum. It is the premiere cryptocurrency that led to the creation of smart contracts and other utilities within the blockchain space. We might as well say that without ETH, there won’t be any utility-based crypto assets in the market.

Ethereum was introduced quite a few years after the world’s first crypto – Bitcoin – in a bit to introduce more use cases using blockchain. NFTs and other concepts have come into existence because of this crypto. And that is why it is one of the best Dubai cryptocurrency projects that we are covering.

When ETH began, it used a PoW – Proof of Work – consensus mechanism. But the environmental concerns drove it to shift to Proof of Stake. After a bunch of failures and failed tests, the Ethereum merge – ETH’s permanent shift to proof of stake – finally happened. That made Ethereum one of the most eco-friendly altcoins in the market.

Buy Ethereum

Your capital is at risk

Shiba Inu – One of the Most Popular Memecoins in Dubai

Shiba Inu is the world’s second-biggest memecoin that is now desperately trying to live above its joke origins. As a result, it is now coming up with new use cases that are slowly grabbing the attention of the crypto space.

While it started out as a Dogecoin-Killer, Shiba Inu soon has now shifted its attention toward more utility-focused initiatives. They include charity donations such as the COVID-19 relief fund and more.

And late 2021 saw retailers adopting SHIB tokens to make payments more streamlined and valuable. Ryoshi, the originator of Shiba Inu, has started that token of this token to make SHIB a global stable currency that will allow people to store the value of the asset and the mode of payment. Likewise, the meme coin has become one of the most popular payment options on crypto betting platforms. You can read our guide to know the best Shiba Inu betting sites around.

In 2023, however, the token has been moving up and down on the price charts, with bears dominating the market.

Buy SHIB

Your capital is at risk

Binance Coin – Leading Exchange token in Dubai

Binance Coin – BNB – is the native cryptocurrency of Binance, the world’s leading cryptocurrency exchange and one of the biggest cryptocurrencies according to market capitalization. The current market cap puts BNB as the 4th biggest cryptocurrency in the world on CoinMarketCap.

Because of the fast transaction speeds and low transaction fees that the Binance chain delivers, many presale cryptos that we have covered in the past were developed on this platform. Also, most of the fan tokens that ruled the 2022 FIFA World Cup were developed on the chain. And since most of them could be swapped for BNB – the BNB price has done better than most.

Binance Coin entered 2022 at an above $500 price mark before Bitcoin’s and Ethereum’s crash dropped the value of this token by more than 60% to $200. However, the emergence of multiple presale projects this year and the arrival of Fan tokens have kept this token from slipping further.

As a result, since January 2024, the Binance coin has been accumulating in the $300 range. Developments on this project are continuous, and we might see more uptick for this crypto in 2024 and beyond.

Buy Binance Coin

Your capital is at risk

Polygon (MATIC) – Leading India Based Cryptocurrency Project

Ethereum became too popular too soon when it first arrived, and it was only later that people came face to face with its scalability issues. That’s what led to the emergence of projects like Polygon. Polygon is a platform through which people can develop decentralized applications by accessing Ethereum without dealing with its scalability issues.

What Polygon does is create a layer 2 solution as a buffer through which devs can utilize Ethereum without being bogged down by its previous problems.

Polygon peaked at its all-time high in 2021 and reached $2.8. However, the retrace was sudden afterward, and the LUNA crash dropped the price of this asset below $0.50 before a bounce. Thankfully, the bounce was significant since the fall of the Terra led many crypto developers to look at Polygon as the next best platform for their dApps.

Polygon is also part of the Disney Accelerator Program, which involves the media giant incorporating NFTs and artificial intelligence in its offerings. That is why this project is one of the best cryptos for Duba-based cryptocurrency investors.

Buy MATIC

Your capital is at risk

Dogecoin – The World’s Leading Memecoin

The final cryptocurrency project fit for Dubai-based cryptocurrency investors is Dogecoin. It is the world’s leading memecoin that went on to make massive gains in 2021 after Elon Musk tweeted in its support back in the day. As a result, the support for this cryptocurrency has increased in regions like Dubai and other Middle Eastern countries.

As a memecoin, Dogecoin had no utility other than being a reward token to interact positively on social media platforms like Reddit. Therefore, Dogecoin is the most volatile cryptocurrency that we have covered to date. One positive word from Elon Musk, or any other celebrity for that matter, pushes the price of this token to double-digit, even triple-digit percentages.

However, due to Elon Musk’s continuous support and the community’s interest in making this cryptocurrency more than it initially was, Dogecoin f0undation has released multiple upgrades to the Dogecoin core. This update is 1.14.6, which has set the launch of Libdogecoin in motion.
Libdogecoin is a project that will allow devs to create Dogecoin-compliance products that even the non-crypto crowd can understand.

With that, the hope is to increase the adoption rate of this asset. That said, Libdogecoin is a pure library and supports multiple programming languages, including Python, Node.js, and Ruby. Also, various companies, including Twitch, GameStop, Newegg, AirBaltic, etc., accept Dogecoin payments.

Dogecoin’s performance in 2023 has been volatile, all thanks to Elon Musk’s antics and the general sentiment around the crypto market. As a result, the token entered 2024 at the $0.07 mark and is still trending around that level.

Buy MATIC

Your capital is at risk

History of Cryptocurrency In Dubai

Dubai has been one of the most open markets in the world and, therefore, has had no qualms about accepting the innovation that cryptocurrencies bring to the fold. In fact, many of the major crypto developers have set up offices in the country in order to have access to more relaxed regulations when developing projects.

The result of that is an inflated crypto adoption rate in the reason. Reports say that about 33% of citizens in the United Arab Emirates have bought their cryptocurrencies. Furthermore, citizens plan to save 26% of their investments in crypto in the coming years.

Dubai has also enacted a law to regulate virtual assets. According to the act, a virtual asset is a “digital representation of value chich can be difically traded or transferred or used as an exchange or payment tool or for investment purposes”.

The act also states that “virtual tokens are digital representation of a group of rights, which can be issued or traded digitally through virtual asset platform.”

VARA, the Virtual Asset Regulatory Authority, has also implemented the same laws to provide a legal framework for cryptocurrency companies to operate in Dubai. It also ensures that investors are safeguarded and can build wealth through trading cryptocurrencies.

VARA’s introduction has led many cryptocurrency exchanges, like Binance and Kraken, to have office space in Dubai. FTX was another office in Dubai but has now been shut down due to the recent debacle.

Dubai is also home to many Crypto entrepreneurs, including Chenpang “CZ” Zhao, the founder of Binance. Furthermore, Dubai has attracted the attention of east-Asian Web 3 entrepreneurs, with many saying that most Web 3 startups in India think of Dubai as the “natural hub for cryptocurrency projects.”

Dubai Crypto Regulation News

Dubai and other Middle Eastern countries have recently introduced the DFSA (Dubai Financial Service Authority) license. Anyone who wants to trade in crypto must acquire a license from DFSA.

According to the official website, DFSA intends to be a progressive regulator and will introduce more changes as the cryptocurrency market develops worldwide. The regulator aims to establish a balance between “promoting innovative cryptocurrency projects and protect consumer’s of cryptocurrencies.”

Is Dubai Cryptocurrency a Good Investment?

Dubai is one of the countries that is the most receptive to new cryptocurrency projects. In fact, there are many staking cryptocurrency projects that have been developed in Dubai. However, here are the reasons why Dubai cryptocurrency is a good investment for those that still need convincing.

Dubai has a Strong Economy

It is no surprise that the presence of oil barons and the general appreciation for innovation has worked in Dubai’s favor and granted it a very strong economy. The latest IMF review state that Dubai’s economy has increased by 6% after the pandemic. Around the same time, cryptocurrency projects started to grow bigger at a breakneck speed.

Presently, the United Arab Emirates is the 5th largest economy in the middle east, with a Gross Domestic Product of $501 billion.

Most cryptocurrency projects turn out to be risky experiments. But the immense wealth in Dubai gives the affluent Dubai residents a higher risk tolerance that makes the region a ripe place for all kinds of cryptocurrency projects.

Dubai has Friendly Regulations for Crypto Trading

Dubai is open to cryptocurrency projects that are innovative and risky. But that doesn’t stop it from establishing regulations. The recent regulation set up by DFSA ensures that innovative cryptocurrency projects are promoted while, at the same time, consumer rights are protected.

That helps establish a trust factor between crypto developers and crypto traders, which helps cryptocurrency projects prosper in this region.

Furthermore, even though they are in the nascent stage, the cryptocurrency regulations in Dubai continue to be developed and tailored to ensure that they don’t become roadblocks for promising Dubai crypto projects.

Better Tax Policies

Dubai is one of the most tax-friendly nations, bringing many developers from all domains to establish a base in the country. From forex brokers to cryptocurrency developers, every corporate trader can take a larger slice of their profits home because of the relaxed tax laws.

The corporate tax rate in the United Arab Emirates is zero percent. However, come June 2023, the UAE government will introduce corporate tax laws, including a 9% tax on all business profits.

How to Buy Dubai Cryptocurrency

We have examined the best Dubai cryptocurrency projects that you can invest in. However, investing in presale cryptocurrencies is your best bet if you truly want an advantage.

Step 1- Get a Crypto wallet

The first step you must take is a get a cryptocurrency wallet. Metamask is the best one, but if you want other options, you can check out our list of best Ethereum wallets to help you out.

Step 2- Buy ETH or USDT

You require ETH or USDT to buy AI tokens. So, go to a crypto trading platform and buy one of those assets. We recommend eToro.

Step 3 – Visit the Dubai Crypto Site You Want to Buy From

Visit the official website of a crypto asset among the list.

Step 4 – Buy Dubai cryptos

Buy the cryptocurrencies by making the swap.

Conclusion

Dubai is one of the best places to live as a crypto trader. Its favorable tax laws, great regulations, and strong economy make it perfect for great cryptocurrency projects to prosper. In this guide we listed a rundown of the best Dubai crypto projects and tokens potentially of interest to Dubai based traders and international investors.

Those looking for a great crypto in Dubai may be interested in new assets on presale like Dogeverse.

Dogeverse - Multichain Meme Coin

Rating

• Early Access Presale Live Now
• Bridge To Solana, Base, BNB Chain, Polygon, Avalanche
• Staking Rewards - thedogeverse.com
• Trade With Low Fees
• World's First Chain Travelling Doge - Cosmo

Learn More

FAQs on Dubai Crypto Projects