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
Here is the list of top Dubai cryptocurrencies that we have created after thoroughly researching the potential upsides and the utilities of the tokens.
- Pepe Unchained – Pepe-Themed Dubai Crypto Likely to Explode After Launch
- Crypto All-Stars – Leading Dubai Cryptocurrency to Buy This Year
- The Meme Games – Olympic-Themed Meme Coin With Many Upsides
- Shiba Shootout – P2E-Based Memecoin In its Presale Phase
- Base Dawgz – Multichain Crypto Developed on Base
- Mega Dice – Dubai’s Crypto Gem Leading the Way
- Ethereum – Best Altcoin to Trade in Dubai
- Shiba Inu – One of the Most Popular Memecoins in Dubai
- Binance Coin – Leading Exchange token in Dubai
- Polygon (formerly MATIC) – Leading India Based Cryptocurrency Project
- Dogecoin – The World’s Leading Memecoin
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.
Pepe Unchained – Pepe-Themed Dubai Crypto Likely to Explode After Launch
Investors in Dubai have shown a keen interest in memecoins that have the potential to experience significant growth driven by hype and market sentiment, making Pepe Unchained an ideal candidate for such buyers. This emerging project combines an attractive theme and compelling storyline with innovative technology, positioning itself as a standout in the memecoin space.
Pepe Unchained’s storyline revolves around Pepe, breaking free from the limitations of its original Layer 1 blockchain to embrace a more efficient Layer 2 solution. This narrative not only captures attention but also underscores the project’s commitment to enhancing transaction speeds and reducing costs, which are crucial factors for widespread adoption and sustained growth.
The integration of Layer 2 technology further enhances Pepe Unchained’s appeal. By improving scalability and operational efficiency, the project aims to provide a seamless user experience while addressing the shortcomings of traditional blockchain networks. This technological advancement not only aligns with global trends but also positions Pepe Unchained as a competitive player in the evolving cryptocurrency market.
Staking opportunities add another layer of attractiveness to Pepe Unchained for Dubai investors. With the ability to stake PEPU tokens and earn attractive APY rates, investors can benefit from passive income while contributing to the project’s liquidity and stability. This dual benefit of potential price appreciation and staking rewards makes Pepe Unchained a compelling investment option. Major YouTubers have talked about this token having 10x potential.
Dubai investors are familiar with the Pepe brand, which has garnered attention in the cryptocurrency space. With Pepe Unchained referencing this popular name, there is a strong possibility that it could resonate well within the Dubai investing community. The potential for Pepe Unchained to capitalize on its thematic appeal and technological innovations, combined with Dubai’s appetite for high-growth memecoins, positions it as a great chance for investors seeking substantial returns in the near future.
Crypto All-Stars – Leading Dubai Cryptocurrency to Buy This Year
One of the best cryptocurrencies to buy in Dubai this year is Crypto All-Stars. With a unique look that combines a whiff of nostalgia and modern trends, this project can potentially tap into the viral nature of the Dubai cryptocurrency space to gain ground within the global crypto arena.
One of the core factors pushing this token forward is its attractive website, which combines the style of old video games with a modern take on meme coins. With mascots of the top meme coins conversing with each other inside the Crypto All-Stars ecosystem, this crypto creates a fun atmosphere, mirroring many fun-loving places in Dubai.
Furthermore, Crypto All-Stars also features a staking utility, allowing investors to stake their top meme coins and earn APY rewards in return. This unique style will ensure that Crypto All-Stars stays relevant as a long-term asset as well.
Moreover, with only 20% of the total supply allocated to the presale, there is potential for this token to develop more use cases as time goes by.
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The Meme Games – Olympic-Themed Meme Coin With Many Upsides
The Meme Games has all the attributes that could make it a big hit among cryptocurrency investors in Dubai, and one of them is that it is essentially a sports token dressed as a meme coin.
This “sports token” is running a presale parallel with the Paris Olympics, and it will conclude when the games end. Furthermore, the token will list hours after the closing ceremony.
However, this is not the only aspect that makes this project interesting as a Dubai crypto project. The Meme Games has essentially gamified the concept of presale by tying the act of investing with participating in a 169m dash, winning which will allow investors to earn a 25% bonus.
The Meme Games has crafted this ecosystem by pulling the meme characters of five of the best meme coins on the market—Pepe, Brett, Dogecoin, Turbo, and Dogwifhat—and turning them into well-trained meme athletes. Presale investors can select one of these athletes who will then race, and based on the results, allow investors to earn bonuses.
Gamification of a presale is an interesting concept as it adds the unpredictability of a sports outcome with the thrill of becoming early movers. Additionally, with the addition of a staking utility with a dynamic APY, the earning potential of this token is very high.
Shiba Shootout – P2E-Based Memecoin In its Presale Phase
Set in the fictional Wild West town of Shiba Gulch, Shiba Shootout features human-like Shiba Inus like Marshal Shiba and the Shiba Sharpshooters, offering a unique narrative that captures the imagination of investors. The project features a fun P2E game set to launch soon, which seems to have caught the attention of several members of the memecoin community.
Beyond its captivating storyline, Shiba Shootout boasts practical features that add real value. The project includes Token Governance Roundups, where holders have the power to vote on significant project decisions, ensuring a decentralized governance model. The Posse Rewards system encourages community growth through referral bonuses, while Campfire Stories and Lucky Lasso Lotteries provide interactive ways for users to earn rewards. Moreover, the staking mechanism offers attractive returns, enhancing the appeal for long-term investors.
Currently, Shiba Shootout is in its presale phase, having already raised over $500k. This early success is a testament to the project’s strong market appeal and solid foundation for future growth. For investors in Dubai, known for their strategic and innovative investment choices, Shiba Shootout presents a promising opportunity. The project’s potential for significant appreciation in value, coupled with its engaging theme and practical utilities, makes it a standout choice in the ever-evolving crypto landscape.
Dubai’s vibrant crypto community will find Shiba Shootout’s blend of entertainment and utility particularly appealing. With its early presale success and strategic plans for future development, this project is poised to attract significant attention and investment from the region, making it a top contender for those looking to diversify their crypto portfolios.
Base Dawgz – Multichain Crypto Developed on Base
For crypto investors in Dubai aiming to generate significant wealth quickly, meme coins stand out as the prime assets to invest in. When an asset operates across multiple chains with the potential for substantial use cases, it’s unsurprising that Dubai’s crypto investors would gravitate towards it.
This is the envisioned future for Base Dawgz, a crypto asset that is globally accessible through a time-based presale. Featuring vivid imagery of a doge in base jumping gear, this token appeals to the adventurous spirit of investors, promising the possibility of substantial short-term gains.
Regarding long-term prospects, its activity across multiple chains opens up limitless possibilities, making it particularly attractive to investors in Dubai—a hub of innovation.
Those interested in tapping into this opportunity can participate in the presale by visiting basedawgz.com.
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.
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.
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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.
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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.
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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.
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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.
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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 Pepe Unchained.
FAQs on Dubai Crypto Projects
Is there a Dubai cryptocurrency?
Dubai doesn't have a specific coin right now. However, the government is aiming to create a central digital currency.
What is the best Dubai cryptocurrency?
The best Dubai cryptocurrency to buy right now is Pepe Unchained. It follows a unique P2E attribute, giving flexibility to investors.
How many Dubai cryptocurrencies are there?
Dubai traders have thousands of cryptocurrencies available to them thanks to the country's relaxed crypto regulations and great reception towards innovative cryptocurrency projects.
What crypto is being used in Dubai?
There are multiple cryptocurrencies that are currently being used in Dubai. The most popular ones among them, at the time of writing, are Mega Dice and Pepe Unchained.
