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17 Best Crypto to Buy Now in 2024
Many crypto analysts think that the next crypto bull run is already underway, but many token prices are still below the highs set during the last bull market. So, crypto investors who buy now could see huge upside through the remainder of 2024 and beyond.
In this guide, we’ll take a closer look at the 17 best crypto to buy now for 2024. Read on to discover which crypto coins have the best chance of delivering huge returns as the bull market heats up.
- Brand new mobile-based P2E meme game based on a Tamagotchi-style 2D pet.
- Buy and stake $PLAY tokens via the presale to earn more crypto via staking and gaming. Currently offering massive APY rewards.
- $PLAY token holders can earn XP by caring for their pet, the higher the XP the greater the rewards.
Project Launched
May 2024
- Fun play on South Park with viral potential amid Solana meme coin craze
- Looks to capitalize on expected Summer meme coin frenzy
- Rumors that it’s from same team as SLERF which saw big gains earlier this year
Project Launched
May 2024
Purchase Methods
SOL
- Brand-new meme ERC20 token integrating two hot niches AI and crypto meme culture
- Degens can buy and stake $WAI to earn passive rewards in excess of 1,000% p/a
- WienerAI’s presale is currently trending having raised over $700k
Project Launched
April 2024
Purchase Methods
ETH
USDT
Bank Card
BNB
- +1 more
- New multichain meme token with over $13 million raised in its presale – ends soon.
- As a PoS token users can stake their holdings and earn passive rewards – currently over 80% APY.
- Wormhole and Portal Bridge technology gives holders access to other blockchains for cheaper fees and faster transactions.
Project Launched
April 2024
- 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
ETH
Bank Card
USDT
- +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 $SPONGEV2 tokens for 163% p/a rewards
Project Launched
January 2024
- Driving a sustainable transportation revolution with green $TUK presale
- Investors can buy and stake $TUK tokens for 85% yearly rewards
- Integrates AI for predictive maintenance of electric vehicles
Project Launched
September 2023
- New cat-themed meme token looking to overthrow Doge’s dominance. Presale has already raised over $375k.
- Throughout the presale buyers can earn extra $KAI tokens via staking.
- Exciting meme coin with 10x potential that’s been fully audited by Coinsult.
Project Launched
May 2024
Purchase Methods
ETH
USDT
Bank Card
BNB
- +1 more
- One-of-a-kind crypto project allowing users to trade fractional NFTs of real-world luxury vehicles
- Users who acquire 100% of NFTs can burn their NFTs and have real-world car shipped to them
- Buy $DCARS tokens to earn passive income from rentals. Presale has raised $250k+ so far
Project Launched
May 2024
Purchase Methods
BNB
ETH
- Doge-inspired crypto project with Wild West themes and fun games.
- Begin earning passively by buying and staking $SHIBASHOOT tokens for 2726% rewards.
- $SHIBASHOOT token is also a utility coin with users able to earn Posse Rewards via a referral program, earn voting rights, and enter the Lucky Lasso Lottery.
Project Launched
April 2024
Purchase Methods
ETH
USDT
Bank Card
BNB
- +1 more
- Brand new revolutionary crypto payment software solution designed to seamlessly integrate with traditional card machines.
- SpacePay will let crypto enthusiasts use cryptos from 300+ wallets for daily purchases.
- Native SPY token offers great utility including revenue share, airdrops, voting rights, and much more.
Project Launched
May 2024
Purchase Methods
ETH
USDT
- New meme token project combining blockchain technology, Web3 retro boxing games, celebs, and funny memes.
- This meme utility project donates proceeds to various charities including Breast Cancer research and Save the Children.
- Presale is expected to sell out quickly with $FNIO tokens poised to list on top CEXs immediately after.
Project Launched
May 2024
- World’s first auto-liquidity meme coin on the Polygon network with fun branding, ingenious tokenomics, and innovative features.
- With a lucrative Share and Earn referral system, users can earn 20% of commission in MATIC on any sale they generate.
- The ButtChain presale is currently trending and making headlines in the crypto space.
Project Launched
May 2024
Purchase Methods
Bank Card
BNB
ETH
MATIC
SOL
USDT
- +3 more
17 Top Cryptos to Buy Now
Let’s dive straight into our list of the 17 best crypto to buy now:
-
- PlayDoge ($PLAY) – Best crypto to buy, 2-D mobile game inspired by Tamagotchi game and Doge meme.
- Sealana: New meme coin built on the Solana blockchain. Over $120K raised on presale
- WienerAI: AI-powered dog meme coin with high staking rewards, raised $640K in a week
- Dogeverse: Fresh crypto to buy now; multi-chain meme coin built on the Ethereum network
- Mega Dice Token: Native casino token offering cashback and staking rewards, raised $850K
- 99Bitcoins: Learn-to-earn project with over 19,000% staking APY
- Sponge V2: New version of 100x meme coin with $28 million already bridged
- BlastUp: L2 Ethereum launchpad. Get NFTs and high-staking rewards
- Dreamcars: Trending new project allowing fractional ownership of luxury cars.
- ButtChain (BUTT): World’s first auto liquidity meme coin on Polygon. Over 1M $BUTT sold already.
- BNB: Deflationary token backed by the world’s largest crypto exchange
- Solana: Ethereum competitor up 300% in the last 5 months as more developers join
- Ripple: Global payments coin attracting banks after its win against the SEC
- Bitcoin: World’s largest crypto leading the market as the halving event approaches
- Arbitrum: Ethereum Layer-2 that offers cheaper and faster transactions, ideal for dApps
- Uniswap: World’s largest DEX, poised for gains as bull market boosts trading volume
- Dogecoin: Top meme coin likely to gain as traders return to a hot crypto market
A Closer Look at the Best Cryptocurrency to Invest in 2024
Want to know more about these top cryptocurrencies to invest in? Read on for more information about each of the tokens we highlighted above.
1. PlayDoge (PLAY) – Overall Best Crypto To Buy Offering High Staking Rewards
PlayDoge is being heralded as one of the best cryptos to buy in 2024. This new BNB-based token brings together the Doge meme and a Tamagotchi-themes play-to-earn (P2E) mobile game, allowing users to earn $PLAY tokens while caring for a virtual pet.
So far in its presale, PlayDoge has raised over $315,000 USDT and comes following strong gains from other dog-themed meme coins, with Floki up 50% in the last 30 days, and DOGE rising 15% in the same period.
This bodes for a potential bullish summer for PLAY, which has a total supply of 9.4 billion tokens. In terms of allocation, 50% is for the presale and 25% equally split betweenr marketing and project developmen. For the remainder, 11.5% goes to its liquidity, 7.5% will be for community rewards, and the final 6% set to staking.
A standout feature of PlayDoge is its high staking rewards, offering an APY of over 1,000%, which has led to more than 8.3 million tokens being staked so far.
It is expected that the video game market will reach $665 billion by 2033, as such this unique combination of gaming and meme culture positions PlayDoge as a top new cryptocurrency to consider for 2024, due to its future potential. Keep updated with the project on X (Twitter) and via its Telegram channel.
Key Takeaways
- Play-to-earn (P2E) mobile game using Doge meme.
- 6% of total supply reserved for staking (564 million)
- 50% of total supply earmarked for presale (4.7 billion)
2. Sealana ($SEAL): New Solana-Based Meme Coin, $120K Raised on Presale
Sealana ($SEAL) is a new meme cryptocurrency built on the Solana blockchain. The illustration of Sealana features an obese and lazy American Redneck seal. It is influenced by the popular South Park character, World of Warcraft Guy.
The lazy seal lives in his mom’s basement and starts trading cryptocurrencies to change his life. Similarly, Sealana presents itself as a life-changing investment opportunity. Based on Solana, Sealana benefits from the high throughput and low gas fees that the blockchain provides.
Moreover, Solana meme coins like Popcat and Solama have recently been offering huge gains. Therefore, Sealana may be the next big meme coin built on Solana. Currently, interested investors can join the Sealana presale by sending SOL tokens to this wallet address – DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c.
Once the tokens are transferred, Sealana will deposit $SEAL tokens into your cryptocurrency wallet. In the long-term, this Solana-based meme token could offer huge growth potential. To stay updated with the project, join the Sealana Telegram channel and follow Sealana on X (Formerly Twitter).
- Amount Raised: $120,000 +
- Use Case: Meme token
- Chain: Solana
3. WienerAI: AI-Powered Dog Meme Coin with High Staking Rewards, Raised $640K In a Week
WienerAI ($WAI) is next on our list of the best cryptos to buy. It is a brand-new meme crypto that combines the fun of dog-themed meme coins with the latest artificial intelligence (AI) tech.
This unique mix makes the token more than just a speculative token, with the potential to offer utility and rewards to its users.
WienerAI describes itself as an “upgradeable cybernetic canine AI.” This means it aims to continuously evolve and expand its capabilities, unlike typical meme tokens.
The $WAI token presale has seen huge investor interest. It raised over $640K within a week of its launch, showing strong community support.
Early buyers can buy $WAI for just $0.000702 at the time of writing. This price, however, will increase in the next presale stage.
The project also currently offers a high APY of over 1,300% for early staking. But this rate will decline as more investors enter the $WAI staking pool.
It is also worth noting that over 780 million $WAI tokens are staked on the platform, which shows huge community trust. Interested buyers can enter WienerAI’s Telegram channel and follow it on X (Twitter) to get the latest updates on token listings.
- Amount Raised: $640K+
- Use Case: Meme token
- Chain: Ethereum
4. Dogeverse ($DOGEVERSE): Hot New Multi Chain Meme Coin Promising Significant Staking Rewards
Dogeverse is the latest dog-themed meme coin with great potential. Launched to coincide with ‘Doge Day’ on April 20th, the token presale has raised over $300,000 within the first three days.
Dogeverse is a multi chain token meaning there are various ways you can buy and interact with the coin. Although initially built on the Ethereum network, Dogeverse is also available on Binance and Polygon with plans for Avalanche Base and Solana integration in the pipeline. This wide availability and token flexibility are what makes Dogeverse stand out from the competition and gives the token potential to go viral.
15% of the total token supply (200 billion) have been reserved for the presale meaning there are plenty to go around. Furthermore, token holders can also put their investment to work immediately by staking Dogeverse to earn passive rewards of 600,000% APY! As you can imagine it pays to get in early.
To keep abreast of all the latest news and updates, follow the project on X and join the exclusive Telegram channel. For more information on Dogeverse, be sure to head over to the official website.
- Amount Raised: $300,000 +
- Use Case: Meme token
- Chain: Ethereum
5. Mega Dice Token ($DICE): Native Casino Token Offering Cashback and Staking Rewards
Mega Dice Token ($DICE) is next on our list of best cryptos to buy. Mega Dice is a casino and sports betting platform that is becoming popular because of its native token called $DICE. It has 4500+ casino games and lets you bet from over 50 sports betting markets.
The casino recently launched a presale for its native $DICE token, which is central to the platform. Each $DICE token costs $0.069 at press time. However, this rate will increase in the upcoming presale stages and at the time of exchange listings.
Mega Dice Casino has 10,000+ active users and an average monthly betting volume of over $50 million. The $DICE presale raised over $850K in just a few weeks of launch, showing strong investor interest.
$DICE holders can get special rewards like exclusive access to events and games before others. You can also stake your tokens for different time intervals and earn big rewards from a pool of 42 million tokens set aside for staking.
You can buy $DICE using other cryptos like SOL, ETH, or BNB. You can also get a 10% commission (no upper limit) on the amount invested by someone you referred. Moreover, there’s also a $2.25 million airdrop (split into 3 seasons) for active bettors on the platform that offers $750K in rewards in each of the 3 seasons.
You can follow Mega Dice’s X handle and enter its Telegram group for the latest news.
- Amount Raised: $850K+
- Use Case: Rewarding active users on the Mega Dice platform
- Chain: Solana
6. 99Bitcoins ($99BTC): Learn-to-Earn Platform Rewards Early Supporters With Generous Staking APY and an Airdrop
99Bitcoins is a popular crypto learning platform that boasts over 2 million subscribers to its crypto courses. The team now plans to pioneer a new concept: learn-to-earn. This new concept will reward active users who learn about crypto with $99BTC tokens.
As the crypto space sees massive adoption by financial institutions via spot Bitcoin ETFs, the need for learning about this subject is likely to grow. This could greatly benefit the $99BTC token. Buy the token on its presale page with ETH, BNB, USDT or a card after you connect your Ethereum wallet.
Stake your tokens to earn a generous staking APY of over 19,000% during the early presale stages. Another way to earn rewards with 99Bitcoins is to participate in the $99,999 worth of $99BTC tokens airdrop by completing tasks like following 99Bitcoins on X and joining the 99Bitcoins Telegram channel.
Once the token presale ends, claim your tokens. You can sell them on a decentralized exchange or keep staking to earn more tokens.
- Amount Raised: $168,000
- Use Case: Rewarding active users on the 99Bitcoins platform
- Chain: Ethereum
7. Sponge V2: New Version of Viral 100x Meme Coin with $27 million Staked
Sponge V2, a new version of the Sponge token, is our next top pick for the best crypto to buy. This iteration builds upon the success of Sponge, a meme token that skyrocketed by 100x in 2023. For those who missed the initial wave, SpongeV2 presents a fresh opportunity to net Sponge tokens. Furthermore, the team behind Sponge V2 tells us that a Play to Earn (P2E) game is also in the pipeline for this new and improved token.
Sponge V2 is already surpassing its predecessor in performance. Sponge V1 launched at $0.000025, whereas V2 already has a price of $0.002755, marking a remarkable 11021.72% increase. The $SPONGE team aims to deliver another 100x return to investors and secure listings on premier crypto exchanges such as Binance and OKX.
43.09% of the total $SPONGE token supply is reserved for staking rewards with a further 8% earmarked for the upcoming P2E game. However, with the presale proving exceptionally popular, it is recommended that anyone interested in purchasing $SPONGE doesn’t waste any more time.
Presently, there is $28,559,220.67 worth of SPONGE tokens staked and bridged, with an attractive APY of 174%. For a limited time, new $SPONGE investors will also receive a 100% purchase bonus in V2 tokens.
To buy, you just have to connect your wallet through either Metamask or Wallet Connect. You use either USDT, MATIC, ETH or debit card. Once the $SPONGE tokens are in your wallet, you can bridge and stake for rewards; however, tokens bought with MATIC won’t be eligible for staking.
- Amount Raised: $28 million
- Use Case: Staking and meme coin
- Chain: Ethereum
8. BlastUp (BLP) – L2 Crypto Token Gives Access to New Projects Through its Launchpad
BlastUp ($BLP) is a community-backed and trusted launchpad for early-stage and new projects on the Blast ecosystem.
$BLP tokens can be staked on the BlastUp ecosystem to earn a high yield. Staked token holders are also rewarded with high interest, for taking part in new IDO projects through the launchpad.
BlastUp implements staking tiers, through which users can earn a portion of funds generated through the new projects. 20% of the funds are offered to the three lowest staking tiers. The other 80% is offered to the top three tiers. To be a part of the three highest staking tiers – stake between 20,000 to 150,000 $BLP tokens.
On the ecosystem, one can also access Booster Points. Holders of over 1,000 Booster points can earn exclusive NFTs and ETH token rewards. These points are earned by purchasing $BLP and taking part in community-driven programs on BlastUp.
This top crypto has raised nearly $5 million since the presale launched. From a total supply of 1 billion, 20% will be offered through the presale. Join the BlastUp Telegram channel and follow BlastUp on Twitter for more information.
- Amount Raised: $5 million
- Use Case: Staking, Access to NFTs and ETH
- Chain: Ethereum
9. Dreamcars (DCARS): Trending New Project allowing Fractional Ownership of Luxury Cars
Dreamcars is next on our list of best cryptos. The project allows you to own fractional shares of some of the best luxury cars like Rolls Royce, Lamborghini, and Ferrari.
Users can get started for as low as $10 and own a part of these luxury cars. Each small piece of the car you own will be in the form of an NFT. It’s worth noting that these NFTs are safe and backed by real cars that are fully insured.
One of the main features of Dreamcars is that when people rent the cars, the owners of the NFTs get paid daily. So, instead of luxury cars losing value over time, they can help you make passive income.
Dreamcars uses blockchain to make sure everything is secure. Every NFT is linked to the actual car purchase information, like the car’s unique number, so there’s a permanent record that can’t be changed.
You can also track how the value of each NFT has changed over time and set alerts for certain prices. You can even use your NFTs to get loans with good rates. Interested buyers can join the Dreamcars Telegram group and follow it on X (Twitter) for the latest updates.
- Amount Raised: $250K
- Use Case: Staking
- Chain: Binance
10. ButtChain (BUTT): World’s First Auto-Liquidity Meme Coin on Polygon Combining Fun of Meme Coins with Advanced Tokenomics
ButtChain is a sizzling new cryptocurrency and the world’s first auto-liquidity meme coin on the Polygon Chain. It brings together the fun of meme coins with advanced tokenomics, making it truly unique.
A key feature of ButtChain is Auto Liquidity, which automatically adds liquidity to Uniswap with every purchase during the presale. Plus, Direct to Contract token purchases during the presale ensure buyers receive their tokens instantly, bypassing claim windows and long waits. ButtChain is also designed with a token burning system, meaning that there are fewer total ButtChain tokens available with each transaction. The price of ButtChain increases daily during the presale to reward early adopters.
The ButtChain token presale is now live for a limited time, and you can buy tokens using various cryptocurrencies, including Ethereum, Polygon, Solana, and USDT, as well as credit cards for eligible buyers. If you’re looking for an exciting new crypto coin to explore, ButtChain is a refreshing choice.
ButtChain also introduces a rewarding referral system, allowing users to earn MATIC through referral fees during the presale. Nearly a million ButtChain tokens have been sold since the presale recently kicked off. Don’t miss this thrilling opportunity to learn about one of the newest and best new crypto meme coins to buy now. Interested buyers and meme degens can follow the project via X and read the whitepaper for more details.
- Amount Raised: Almost 1 million $BUTT
- Use Case: Meme coin
- Chain: Polygon
11. BNB (BNB): Gain Exposure to the Binance Ecosystem
Launched in 2017, BNB is a large-cap crypto backed by the Binance exchange. As such, this is the best crypto to buy now for exposure to Binance’s continued growth. Although Binance was recently fined $4 billion for money laundering offenses, it still dominates the crypto exchange industry. For instance, over $40 billion changed hands on Binance in the prior 24 hours.
Over the same period, Coinbase volumes were just over $5.5 billion. Another benefit is that BNB currently trades at a discount from its all-time high. Some analysts believe that BNB could record new highs during the next bull run.
Binance offers an aggressive yet sustainable burning program. During the most recent quarterly burn, more than $453 million worth of BNB was removed from circulation. Burns are funded through Binance exchange profits, ensuring long-term sustainability. Binance will continue its quarterly burning program until the original BNB supply is reduced by 50%.
- Market Cap: $91 billion
- Use Case: Reduced Binance exchange commissions. Ecosystem currency for the Binance Smart Chain. Payments.
- All-Time High: $690.93
12. Solana (SOL): Potential Ethereum Killer With 1-Year Gains of 250%
Solana is a potential Ethereum Killer. This is because Solana is a significantly more efficient smart contract blockchain. Not only in terms of scalability but speed and fees. According to Solana, smart contract fees cost just $0.00025 per transaction. The network is currently handling over 2,800 transactions per second.
In contrast, Ethereum is handling about 30. Moreover, Solana claims that the average block confirmation time is under 400 milliseconds. This makes Solana an attractive destination for decentralized applications (dApps). Whether that’s metaverses, NFT marketplaces, decentralized exchanges, or P2E games, Solana has the capacity for mass adoption.
All smart contract deployments require fees, paid in SOL. This offers a solid use case. SOL is also one of the best cryptocurrencies to invest in for performance. Since SOL was launched in 2020 it has increased by over 10,000%. In the prior 12 months, SOL has risen by more than 250%. That said, a 66% discount is still available, based on its prior all-time high.
- Market Cap: $76 billion
- Use Case: Proprietary currency for paying smart contract fees on the Solana blockchain
- All-Time High: $260.06
13. Ripple (XRP): Undervalued Liquidity Currency for Large Financial Institutions
Ripple is already a large-cap crypto, currently valued at almost $38 billion. However, some analysts believe that Ripple is massively undervalued. This is because of the product; the Ripple network allows banks to transfer funds internationally without high fees and slow processing times. This is even the case for illiquid currencies from emerging nations.
Virtually all currency pairs can be exchanged via the Ripple network in seconds. Fees amount to micro-cents, regardless of the amount. XRP provides cross-border payments with liquidity, ensuring a solid long-term use case. Moreover, the Ripple network is already being used by over 100 financial institutions, including the Bank of America.
This provides a stamp of approval from some of the world’s largest and most influential banks. All that said, the XRP price still trades 86% below all-time highs. Considering that trillions of dollars worth of cross-border payments are made every day, XRP could be one of the best cryptos for 2024.
- Market Cap: $38 billion
- Use Case: Provides a bridge of liquidity to banks when making cross-currency transfers
- All-Time High: $3.84
14. Bitcoin (BTC): Buy the World’s De-Facto Crypto
Bitcoin – the world’s largest crypto by market capitalization, currently trades at the $70,000 zone. Smashing through previous all-time highs, with the Bitcoin halving just around the corner, now could be the last opportunity to buy at current levels.
Based on the previous three halvings, this could be the start of the next bull run. Previous bull cycles have lasted for 12-17 months, and have always resulted in new highs being recorded. With the SEC recently approving Bitcoin ETFs, this will also work in Bitcoin’s favor. The ETF launches are expected to attract significant institutional investment.
In terms of the upside potential, some analysts believe that Bitcoin will reach $100,000 in 2024. Bullish investors argue that $1 million could be lined up for 2025/26.
- Market Cap: $1.4 trillion
- Use Case: Provides a bridge of liquidity to banks when making cross-currency transfers
- All-Time High: $73,690
15. Arbitrum (ARB): Trending Layer 2 Solution for Ethereum-Based dApps
Arbitrum is a popular crypto asset with untapped potential. It provides layer-2 solutions to ERC-20 ecosystems, including decentralized exchanges, stablecoins, metaverses, and P2E games. 265 projects are currently bridged to Arbitrum, such as Tether, Maker, Uniswap, and Lido DAO.
Bridging to Arbitrum allows ERC-20 projects to retain Ethereum’s security and decentralized features. That said, Arbitrum reduces transaction fees considerably. What’s more, Arbitrum can scale thousands of transactions per second. ARB, its native crypto coin, is required when deploying smart contracts.
This will increase demand for ARB as more projects bridge to Arbitrum. In terms of performance, ARB has decreased by 2% in the prior month. However, on a 12-month basis, ARB is down 85%. It’s also valued at just $2.6 billion. Therefore, this could be one of the best crypto coins to buy before the next bull cycle begins.
- Market Cap: $2.6 billion
- Use Case: Proprietary currency for paying smart contract fees on the Arbitrum network
- All-Time High: $2.40
16. Uniswap (UNI): Invest in the Largest Decentralized Exchange by Trading Volume
Uniswap is the world’s largest decentralized exchange by trading volume. It enables traders to buy and sell cryptocurrencies without needing another market participant. Traders aren’t required to open an account, let alone provide any personal information. Uniswap simply requires users to connect a wallet, offering a secure and private trading experience.
Although Uniswap initially only supported the ERC-20 standard, it now offers cross-chain functionality. Supported networks include Arbitrum, Polygon, and Optimism. It also supports the Binance Smart Chain, although volumes are small when compared to other network standards.
Nonetheless, Uniswap is a self-sufficient project that operates on smart contracts. It makes money by charging trading fees on buy and sell orders. Investors can gain exposure to Uniswap by purchasing UNI tokens. Uniswap has a modest market capitalization of just under $8.5 billion. UNI currently trades 87% below all-time highs.
- Market Cap: $8.5 billion
- Use Case: Governance token for the Uniswap ecosystem
- All-Time High: $44.97
17. Dogecoin (DOGE): Top Meme Coin With $26 Billion Market Cap
Dogecoin was the world’s first meme coin and it remains the most popular by a wide margin. It has a $26 billion market cap, making it the 10th largest crypto by market cap.
Dogecoin maintains the support of influential backers like Elon Musk, and the community around this token is enormous. DOGE has routinely benefited from jumps in the crypto market, and it looks poised to rise again with the latest crypto bull run. DOGE has also demonstrated that it has staying power and can outcompete newer meme coins.
One appealing thing about buying DOGE now is that the token is trading at under $0.19 – down 85% from its all-time high set in 2021. So, this meme coin has a lot of room to run.
- Market Cap: $26 billion
- Use Case: Meme coin
- All-Time High: $0.60
How to Choose the Best Crypto to Buy Right Now
Crypto fortunes can be made and lost overnight. Therefore, selecting cryptocurrencies to invest in shouldn’t be a rash decision. This section explains how to choose the best cryptocurrency to buy now.
Real-World Utility
The most valuable cryptocurrencies have real-world utility. This means the underlying crypto coins have an actual use case.
For example:
- Ethereum and Solana are used by decentralized applications. Fees must be paid in ETH and SOL, respectively – meaning developers need the coins to execute smart contracts.
- Similarly, XRP is used by banks when making cross-currency transfers. While XRP isn’t always required, it is when liquidity is needed on emerging currency swaps.
Cryptocurrencies with utility can create long-term demand for their tokens. This can lead to organic price appreciation. Therefore, utility should be at the top of your list when selecting the best coin to invest in.
Market Capitalization
Consider the market capitalization when choosing the best crypto investment. Small-cap projects like Sponge V2 and Meme Kombat offer the most upside potential.
This is because small-cap coins can grow much faster than large-caps, as less buying pressure is needed. However, small-cap cryptocurrencies are more volatile, meaning the risk of loss is higher.
While large-caps like Bitcoin, Solana, and BNB still have room for considerable growth, the upside is smaller. That said, it’s best to invest in a blend of small and large-cap projects to reduce the risk.
All-Time High Discount
The broader crypto market is currently valued at $2.7 trillion. This is close to the $3 trillion valuation that cryptocurrencies had in 2021. From an investment perspective, there is still time to buy coins that haven’t mooned yet, especially those that haven’t launched yet. While there’s no guarantee all-time highs will ever happen, it makes sense to enter the market when prices are low.
Look for Presale Bargains
Investors looking for the best new crypto to buy might consider presale launches. Presales are especially beneficial for investors who get in early. After all, you’ll be investing in brand-new crypto assets from the ground up.
Early-stage investors often secure a discount too. This means that once the tokens are listed on public exchanges, presale investors can lock-in an immediate upside.
What’s more, presale cryptocurrencies usually have a small market capitalization. This can lead to rapid growth if the project takes off. Those interested in presale cryptocurrencies might consider Dogeverse. Holders of this token can also stake their tokens for rewards of up to 581%.
Demand and Supply Balance
Tokenomics sits at the heart of any crypto project; it effectively determines the long-term demand and supply balance. For instance, cryptocurrencies like Dogecoin20 have a fixed supply. This means that additional tokens cannot be created, ensuring scarcity over time.
In contrast, Ethereum and Cosmos do not have a maximum supply. In turn, new tokens are issued indefinitely. This is a form of inflation, meaning that token holders are constantly diluted.
- Investors should also consider the circulating supply.
- For example, a project might have a ‘total’ supply of 1 billion tokens.
- But only 200 million tokens might be in ‘circulation’, with the rest held by the team.
We prefer it when the vast majority of tokens are already in circulation. Not only does this reduce the investment risk, but it allows prices to be determined by market forces.
Where to Find the Best Crypto Coin to Buy
There are many different ways to find suitable cryptocurrencies for your portfolio. The specific method will depend on the type of cryptocurrency you’re looking to buy.
Here are some tips on where to locate high-potential crypto investments.
- CoinMarketCap: This is the leading data aggregation website for cryptocurrencies. It offers many filters and tools to help you find suitable investments. For example, you can sort results by the percentage gains over the prior 24 hours, week, month, or year. You can also view recently added coins, which are typically brand-new cryptocurrencies with small market capitalizations.
- Reddit: Millions of Reddit members are interested in cryptocurrencies. It’s a great platform for exploring new, established, and trending projects. Some of the best subreddits to explore include r/CryptoCurrency (7.3 million), r/CryptoMoonShots (1.9 million), and r/ICO (53k).
- YouTube: We found that YouTube has many credible analysts who offer insights on the best crypto to buy now. This includes Altcoin Daily, MoneyZG, and The Moon. For presale investors in the market for 100x gains, consider the Jacob Crypto Bury YouTube channel.
- DexTools: Offers unparalleled market data on cryptocurrencies that trade on decentralized exchanges. DexTools data includes the most traded pairs, trending cryptocurrencies, and the best-performing tokens over custom time frames.
- Presale Listing Sites: Those looking for the best new crypto to invest in might consider presale listing sites. ICOBench, for example, lists information on upcoming presales. ICODrops offers a similar service.
- Crypto News: Similar to stocks and commodities, cryptocurrency prices react to real-world news events. Therefore, it’s crucial to stay abreast of key market developments. This can help you find cryptocurrencies that are about to blow up. It can also alert you to cryptocurrencies that should be removed from your portfolio.
Short-Term vs Long-Term Crypto Investments: Which is Best?
Some cryptocurrencies represent solid long-term investments. While others are best suited for short-term speculation.
For example, Bitcoin – which has a maximum supply of 21 million BTC, is considered a store of value to rival gold. In theory, this means that Bitcoin’s price will continue to grow over time. This is on the proviso that demand remains constant.
While Bitcoin will always experience short-term volatility, long-term holders are expected to do well. With this in mind, long-term crypto investments can be dollar-cost averaged. Rather than investing lump sums, this means investing bite-size amounts every week or month.
In contrast, meme coins are generally viewed as short-term opportunities. For instance, Sponge V1 increased by over 300x after launching in 2023. This feat was achieved in days. It is widely believed that Sponge V2 could all follow a similar trajectory.
That said, short-term crypto investments require constant market monitoring. This is because prices can rise and fall rapidly. Investors might consider setting a price target and then deploying a take-profit order. This will close the trade once the price target is triggered by the markets.
Crypto Market Trends to Keep an Eye on in 2024
Seasoned investors will stay abreast of key crypto trends. This enables them to invest in specific niches before they become mainstream. One such trend include Solana meme coins with the likes of BOOK OF MEME hitting a +$500M market cap in April.
For example, decentralized finance (DeFi) remains a high-growth market to watch. This includes decentralized exchanges like Uniswap and SushiSwap. Decentralized lending and investments are also hot, with Aave and Yearn.finance leading the way. Most decentralized finance protocols have a native crypto token. This enables investors to gain exposure to their preferred projects.
In addition, staking is another market trend to keep an eye on. Staking offers the best of both worlds for investors. They can target price appreciation while also earning passive rewards.
This is similar to investing in dividend stocks. That said, crypto staking rewards are significantly more competitive. For instance, Dogecoin20 is currently offering staking APYs of 2000%.
Perhaps the key trend to look for in 2024 is how Bitcoin’s price reacts to the next halving event. The previous three Bitcoin halvings saw extended bull cycles last for 12-17 months. Altcoins also benefited greatly, as is often the case when Bitcoin performs well.
Conclusion
In summary, investors should create a well-balanced portfolio when investing in cryptocurrencies. This means covering a blend of use cases, market capitalizations, target markets, and risk profiles.
Overall, we rate PlayDoge as the best cryptocurrency to buy today. Its presale campaign is going strong; over $300k was raised in the first couple of days. PlayDoge is an mobile game combining the Doge meme and Tamagotchi virtual pet to create a potentially viral offering.
References
FAQs
Which crypto is best to invest in now?
We choose PlayDoge as the best crypto to buy now. This is a presale project with a small market capitalization and huge upside potential.
Which crypto has the most potential?
Presales projects like PlayDoge, WienerAI and Sealana have the most potential. That said, presales are risky, so investors should also consider established cryptocurrencies like Bitcoin and XRP.
What is the most profitable crypto right now?
The most profitable crypto since its inception is Bitcoin. Originally worth a fraction of a dollar, Bitcoin has since increased by millions of percent.