Best Cryptocurrencies 2024 – Top Coins to Invest In

Kane Pepi

Kane Pepi is an established financial and cryptocurrency writer with over 2,000 articles, tutorials, and market insights under his belt. Kane has a reputation for…

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There are thousands of cryptocurrencies to choose from, so knowing which investments to make can be difficult. While one cryptocurrency can generate gains of 10x in the space of a week – another can become worthless overnight.

In this guide, we clear the mist by revealing the best cryptocurrencies.

We cover a wide range of cryptocurrencies – from established projects with solid utility to new meme coins that have the potential to explode. Read on to discover which crypto projects could generate the biggest portfolio gains in 2024.

Table of Contents Table of Contents
Table of Contents

The Best Cryptocurrencies to Invest in Shortlisted

In our view, listed below are the 9 best crypto to buy now:

  1. Crypto All-Stars (STARS) – The Best Cryptocurrency Redefining How We Interact with Meme Coins.
  2. Wall Street Pepe (WEPE) – Best Meme Crypto for Trading Insights and Community Collaboration
  3. Best Wallet Token (BEST) – A New Cryptocurrency that Connects You to a Wallet Ecosystem
  4. CatSlap (SLAP) – Mixing Meme with P2E Gaming
  5. Flockerz (FLOCK) – The Best Cryptocurrency with a Vote-to-Earn System
  6. Pepe Unchained (PEPU) — Layer 2’s next big meme coin.
  7. Sponge V2 — New crypto presale with over $3 million raised so far.
  8. DogLibre (DOGL) — The best dog meme coin with a mission.
  9. StarChain (STRC) — Decentralized scientific data storage crypto platform.

Best Cryptocurrencies to Invest in 2024

Cryptocurrency investments should not be taken lightly. While the potential rewards are huge, so are the risks. Therefore, you’ll need to do your own research and analysis when selecting the best crypto to buy now. Read on to discover our viewpoints on the 9 cryptocurrencies listed above.

1. Crypto All-Stars – The Best Cryptocurrency Redefining How We Interact with Meme Coins

Things have kicked off with high momentum as Crypto All-Stars rallied almost $800,000 in just barely three weeks. The staking pool has received over 377 million $STARS tokens, and it doesn’t seem to be slowing down. We expect more tokens as the presale continues its blazing stance among other competing tokens on this list.

Crypto All-Stars presale

The project promises to disburse rewards from the staking pool for the next two years. Those who invested early (within the first week of the presale stage) had over 4,000% as estimated rewards per annum. While you won’t get that amount, you can still get something substantial before the presale reaches its target. By then, token claims will begin before we see $STARS on decentralized exchanges.

You only have to hold $STARS tokens in the MemeVault to qualify for the rewards. If you want more rewards, simply buy and hold more tokens. That’s a strong incentive that will attract investors from different blockchains.

Crypto All-Stars aims to unite whales and small investors in every major meme token on Earth. By staking their meme tokens, they will earn $STARS. With that, Crypto All-Stars expects a healthy demand to keep $STARS on an upward trajectory. Our advice remains to invest with prudence.

Token Symbol $STARS
Presale Supply 20% of total supply
Network ERC-1155
Payment Method ETH, BNB, and USDT

 

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2. Wall Street Pepe – Best Meme Crypto for Trading Insights and Community Collaboration

If you are in to improve your trading decisions, then there is no better way to do that than with community insights. That is what Wall Street Pepe brings to its holders, as you can share market insights and trading experiences among the community members. This benefit adds up with Trading Alpha to create a robust ecosystem where you can learn to trade like a pro.

wall street pepe home

Trading Alpha is the star of the Wall Street Pepe ecosystem. It is a platform where you can get exclusive market insights, signals, strategies, and big-ball calls, but that is not even the best part. With these details, you can make informed trading decisions and increase your chances of hitting the right chords. Then, you can submit your successful trades back to the exclusive community and earn rewards for them.

The extra trading rewards will come once the token is listed and Trading Alpha is operational. For now, you can still get rewards by staking your WEPE tokens after purchase. The staking pool will be available throughout the presale. As of this writing, over 1.1 billion WEPE tokens have been staked by early buyers.

Token Symbol WEPE
Presale Supply 60 billion WEPE tokens
Network Ethereum
Payment Method USDT, BNB, ETH, and card payments

Buy Wall Street Pepe Here

3. Best Wallet Token – A New Cryptocurrency that Connects You to a Wallet Ecosystem

If you hope to get more out of your experience with Best Wallet, then the $BEST token is your best bet. That is because holding the Best Wallet token brings added benefits that other users will not have full access to. These benefits include lower transaction fees on trades and swaps, governance rights, and access to high APY staking opportunities.

Best Wallet token presale

Pick $BEST up during the first two weeks of the presale launch, and you’ll get it before the price increases as it rolls out support for other wallet investors. The price shortly after launch was $0.0225, but our predictions place it at $0.0231 before the year runs out.

Besides purchasing the Best Wallet Token through the wallet, you can get more tokens through airdrop points. These airdrop points are awarded when you connect your X account and complete simple quests. Referring your friends will also earn you airdrop points as the presale continues.

Token Symbol BEST
Total Supply 10 billion $BEST tokens
Token Type Ethereum
Payment Method ETH, USDT, and bank card

Buy Best Wallet Token Here

4. CatSlap – Mixing Meme with P2E Gaming

The $SLAP token has been fun and engaging since its launch, thanks to the cat slap game. Participation is easy and free for everyone. All you have to do is get on the official web page and tap the cat to score points in the slapometer.

SLAP token

While the game is fun and engaging, you can use it to set yourself up for future airdrops when the P2E mechanic is added. Simply buy the CatSlap token and continue engaging with the game. 900 million $SLAP tokens will take care of the community rewards, which include any future airdrops that will likely come with the P2E gamification.

You’ll have your $SLAP tokens immediately when you buy them since the token is available on DEXs, like Best Wallet. Once purchased, you can stake them for annual rewards. As of this writing, over 280 million $SLAP tokens are in the staking pool.

Staking will occur for seven days, but if you have the need for your tokens, you can still get them before the seventh day. All you’ll have to do is burn some to unlock your staked tokens. This approach will strategically lower supply and likely bolster the token’s price during trading.

Token Symbol SLAP
Total Supply 9 billion
Network Ethereum
Payment Method ETH and USDT

Buy CatSlap Here

5. Flockerz – The Best Cryptocurrency with a Vote-to-Earn System

Flockerz isn’t a utility coin but a meme token that has already covered $366k in early presale rounds. It brings decentralization to its community by allowing all token holders a say in the project. That means buying Flockerz today will earn you a spot to vote and influence what happens to the token or project development.

Flockerz vote-to-earn system

We don’t expect much from Flockerz because it is a meme token with no utility. However, the project can still work towards a positive price trend by implementing token burns, viral marketing, new features, etc. As a token holder, you will have the opportunity to vote on what the project does in these areas.

The vote-to-earn system steps in to reward voters, in this case, token holders, with more tokens. That doesn’t stop you from buying more $FLOCK tokens. However, it is a unique approach for passive token earnings. If you want something where you don’t want to be actively involved, Flockerz fits the bill.

Staking rewards are also available to increase the passive earning capacity. You can start staking your tokens from the presale.

Token Symbol FLOCK
Presale Supply 20% of total FLOCK allocation
Network Ethereum
Payment Method ETH, BNB, card, and USDT

Buy Flockerz Here

6. Pepe Unchained – Layer 2’s next big meme coin

Pepe Unchained ($PEPU) is a revolutionary meme token themed around Pepe, utilizing Ethereum’s layer-two (L2) blockchain. This configuration enhances scalability, slashes transaction costs, and provides significant staking rewards.

Operational costs are reduced by offloading transactions from the main network to the L2 solution, enabling Pepe Unchained to offer exceptionally high staking rewards, with an annual yield currently over 70,000%.

Additionally, fewer transactions on the main network result in faster processing speeds and lower gas fees for token holders. These features contributed to Pepe Unchained raising over $160,000 within just two days of its presale launch.

Of the 8 billion total token supply, 20% are allocated for the presale, while 30% will be distributed through staking pools. Investors can participate in the presale by purchasing $PEPU tokens at $0.008 each.

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7. Sponge V2 — New Crypto Presale With Over $3 Million Raised so Far

Sponge V2 is making waves in the crypto community with its innovative approach to meme coins. Building on the success of Sponge V1, which achieved a staggering $100 million market cap in 2023, Sponge V2 introduces a play-to-earn racing game featuring meme characters, slated for release in 2024. This strategic addition aims to add utility to the Sponge V2 token, potentially driving up demand.

Sponge V2 presale site

To participate in the presale and secure Sponge V2 tokens, investors need to connect their Ethereum wallet to the presale site and use ETH or USDT for purchase. Staking opportunities are also available, offering a generous 235% APY while awaiting the game’s launch.

Follow Sponge V2 on Twitter and join the Sponge V2 Telegram channel for the latest updates. Dive into the Sponge V2 whitepaper for comprehensive project details.

Visit Sponge V2 Token Presale

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8. DogLibre – The Best Dog Meme Coin With a Mission!

While the crypto market is flooded with meme coins, DogLibre stands out with a noble mission—to improve the lives of dogs worldwide. This innovative project leverages blockchain technology to create safe spaces for pets and strays, supported by the DOGL token on the Ethereum blockchain.

doglibre mission best crypto ico

Beyond its charitable mission, DogLibre offers robust token utility and a comprehensive roadmap designed to attract long-term investors. The ecosystem spans AI integration, pet care, walk-to-earn, NFTs, mobile gaming, and DAO governance.

The DogLibre presale, which began in April and runs until August, presents an early investment opportunity with promising returns. Tokens can be purchased using ETH or USDT, with staking options available to maximize investment returns.

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9. StarChain – Decentralized Scientific Data Storage Crypto Platform

StarChain ($STRC) democratizes scientific research, especially in the astronomy niche, with its decentralized data storage and validation network. $STRC, the native token, will be rewarded to users who contribute to the ecosystem. 

Researchers and institutions from around the world can upload scientific data on the decentralized DataStore/repository. StarChain leverages AI tools to validate and interpret the uploaded data. The goal of the AI tool is to spot any anomalies and errors, ensuring the integrity of the ecosystem. StarChain presale$STRC, the native token, will be offered as a reward whenever researchers upload scientific data. From a total supply of 500 million tokens, 175 million will be allocated through the ongoing presale. 

Currently, $STRC is priced at $0.5 per token. Within a few days since the presale launched, StarChain has raised nearly $30K. By the final stage of the presale, the token price will be allocated to $0.63 per token. 

Learn more about this new crypto token by going through the StarChain Telegram channel and following the X page. 

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Our Methodology When Ranking the 8 Top Crypto to Buy

In this section, we offer insight into our methodology – which allowed us to rank the 8 best cryptos to buy from thousands of projects.

Type of Crypto Niche

Our meticulous research process covered a wide range of cryptocurrency types. After all, the most risk-averse way to invest in cryptocurrencies is to build a diversified portfolio.

  • For example, we covered some of the best meme coins, such as Pepe Unchained and The Meme Games.
  • We also discussed gambling-related projects like Scorpion Casino, not to mention play-to-earn ecosystems like Meme Kombat and Axie Infinity.
  • This was in addition to metaverse projects and decentralized exchanges.

By owning a diverse selection of cryptocurrencies from multiple niches, you’re giving yourself the best chance of success. For instance, meme coins continue to lead the way in 2023.

As seen with Pepe, Pepe 2.0, Elon 2.0, and many other new projects – meme coins can generate significant gains in a very short period of time. However, the crypto markets can change gears at any time, meaning another niche might be the new flavor for investors. This is why it’s wise to invest in many different types of cryptocurrencies.

Market Capitalization 

When ranking the 8 best crypto to invest in 2024, our methodology covered small, medium, and large-cap projects. Once again, this ensures that your portfolio is well-balanced and that you cover all potentialities. It also enables you to target various risk-reward profiles, as the market capitalization can have a major impact on your potential to make or lose money.

For example, presale projects like Sponge V2 and Bitcoin Minetrix have a small market cap. This means that once they’re listed on exchanges, they will initially attract low liquidity levels. Put otherwise, small-cap cryptocurrencies can rise and fall significantly in a short period of time.

Sui price

A recent example of this is Sui – which raised $22.5 million via its Kucoin presale allocation. Within a day of listing on exchanges, Sui had increased by over 1,600%. Since then, Sui has declined by almost 75% from its peak.

To counter the added risks of investing in small caps, we also discussed some well-known projects with much larger valuations. This included Ethereum, Ripple, BNB, and Uniswap. Although the upside potential is lower, so are the risks. That said, even established large caps are trading at huge bear market discounts, so there are still plenty of opportunities to make solid gains.

What is Market Capitalization in Crypto?

  • Investors value cryptocurrencies in the same way as publicly traded companies – the market capitalization.
  • This gives crypto projects a value based on the number of tokens in circulation, multiplied by the current market price.
  • For example, suppose a crypto token is trading at $0.50. There are 50 million tokens in circulation. This means the project has a market capitalization of $25 million.
  • The larger the market capitalization, the more established the project is. Cryptocurrencies with a small market capitalization are often new projects that recently entered the market. This means the risks are higher, but so is the upside potential.

Token Use Cases  

Our methodology ranks crypto projects highly when their native token has at least one use case. If it doesn’t, then the likelihood of the project succeeding in the long run is slim. After all, there is no reason for people to buy the token, other than to sell it at a later date for a higher price.

If you look at the top cryptocurrencies by market capitalization, you’ll notice that the majority have an identifiable use case.

  • For example, ETH and BNB are used to settle transaction fees on the Ethereum and Binance Smart Chain, respectively. When third-party projects build on these networks, they’re required to settle transaction fees in these cryptocurrencies. This gives them a solid use case and a reason to buy and hold the tokens.
  • Similarly, XRP is used by financial institutions that are partnered with the Ripple payment system. XRP tokens provide near-instant liquidity on cross-currency transfers, such as pounds and euros or dollars and yen.

That said, some of the best small-cap cryptocurrencies discussed today also have a solid use case. For instance, we mentioned earlier that Meme Kombat has developed a gaming ecosystem for meme battles. Its native token, MK, allows users to place bets on battles to win rewards.

Meme Kombat presale

On the flip side, there are many successful cryptocurrencies that have questionable use cases. For example, Alkesh Shah from BofA Securities – the investment banking arm of Bank of America, notes that Dogecoin has no use cases. Even so, Dogecoin is currently valued at over $8.5 billion.

Many cryptocurrencies – especially meme coins like Dogecoin, and Shiba Inu attract speculative investors who follow broader industry trends.

Tokenomics   

When researching the best crypto to buy now, our methodology also examined the ‘tokenomics’. In simple terms, this outlines the supply and demand metrics of a crypto project. For instance, the number of tokens that the project has created and how many are in circulation at any given time.

  • Bitcoin, for example, has a total supply of 21 million tokens.
  • According to CoinMarketCap, Bitcoin currently has 92.83% of its total supply in circulation.
  • The balance is released incrementally every 10 minutes until 21 million tokens are in supply.
  • After that, no more Bitcoins will ever be created.
  • This represents solid tokenomics, as the Bitcoin supply is limited, predictable, and deflationary.

There are many cryptocurrency projects that have high-risk tokenomics. For example, some projects do not place a cap on the number of tokens that can be created.

This is like a company that constantly issues new shares, diluting current shareholder value along the way.

When reviewing the tokenomics, we look at many other important factors. For example, we particularly favor crypto projects that have a burning mechanism in place. This reduces the circulating supply of the tokens over time and thus – increases scarcity. There are several different ways that this can be achieved.

yPredict whitepaper

For example, Binance uses a portion of their profits to buy back their own tokens. The tokens are then sent to an inaccessible wallet, which removes them from the supply. This is a sustainable way of burning tokens.

Alternatively, some projects simply burn tokens that are yet to enter circulation. Not only does this have a limited impact on the value of the tokens but it’s not sustainable in the long run. After all, there are only so many tokens that the project has access to.

Is it Good When a Crypto Has a Capped Token Supply?

  • Many investors favor cryptocurrencies that have a capped token supply.
  • The reason for this is simple – the tokens will not suffer from poor inflationary practices.
  • This is in contrast to traditional fiat currencies, which do not have a capped supply. Known as quantitative easing, central banks can print as much money as they see fit. This ultimately devalues the currency over time.
  • This is why it’s wise to focus on cryptocurrencies that cannot increase their maximum supply.

Where to Find the Best Cryptocurrency to Buy Today

It’s all good and well knowing what to look for when choosing the best crypto to buy now. But where do you actually find potential crypto investments? After all, there are thousands of crypto projects in the market.

In this section, we discuss some of the best ways to find suitable cryptocurrencies for your portfolio.

CoinMarketCap

Once a cryptocurrency is listed on an exchange, it’s usually imported into a data aggregation website. CoinMarketCap is the gold standard in this respect. CoinMarketCap extracts data from hundreds of cryptocurrency exchanges, such as Binance, Coinbase, KuCoin, and Bitstamp. This includes data for thousands of cryptocurrencies.

Each cryptocurrency will trade at a slightly different price depending on the exchange, which CoinMarketCap averages out based on volume and liquidity. This offers a snap shop overview of the cryptocurrency, in terms of pricing, performance, where it’s listed, the number of token holders, and the tokenomics.

What Are The Trending Cryptocurrencies On CoinMarketCap?

Due to the sheer number of cryptocurrencies supported, CoinMarketCap offers many different ways to perform your own research. Short-term investors will often use the ‘Gainers and Losers’ tab. This shows the best and worst-performing cryptocurrencies over a set period. You can choose to view performance metrics based on 1 hour, 1 day, 1 week, or 1 month.

This allows you to discover the top cryptocurrency to invest in for your chosen strategy. Some investors will use CoinMarketCap’s ‘Trending’ tab. This ranks cryptocurrencies based on the number of searches and views. This can be a great way to find new cryptocurrencies that are generating a lot of hype.

DEXTools

Similar to CoinMarketCap, DEXTools is also a data aggregation website. The main difference is that DEXTools specializes in decentralized exchanges. This means that many coins on DEXTools are small-cap projects that are yet to be listed on centralized platforms. As such, DEXTools is ideal for finding undervalued gems that could be about to explode.

DEXTools currently supports over 2.1 million cryptocurrencies from 81 network standards. While you won’t be able to analyze all cryptocurrencies on DEXtools, it does offer handy filters to find the best projects. For example, you can view cryptocurrencies by their most recent social network update.

This allows you to get a first-mover advantage if a project announces a notable development – such as a token burn or new partnership. Some investors use the ‘Daily Gainers’ tab on DEXtools. Similar to CoinMarketCap, this shows you to best-performing cryptocurrencies over your preferred period.

You can also view ‘Hot Pairs’ which show trending cryptocurrencies based on views and searches. One of the best features of DEXtools is that it also supports trading. Once you’ve found the best crypto to trade – you can connect your wallet to complete the investment.

How do you Trade on DEXtools?

  • If you’ve found the best new crypto to invest in on DEXtools – you can purchase the tokens directly on the platform
  • First, click on the ‘Connect’ button. Choose your preferred waller, such as MetaMask or OKX
  • Once your wallet is connected, search for the pair you can trade (e.g. PEPE/WETH)
  • On the left-hand side, type in the number of tokens you want to swap. The equivalent number of tokens will update, based on current prices.
  • Confirm the trade and DEXtools will execute it instantly. Your newly purchased tokens can be found in your connected wallet.
  • Make sure you disconnect your wallet before leaving the DEXtools website.

Popular Crypto Exchanges 

In addition to data aggregation websites, you can also go directly to the source – crypto exchanges. Tier-one exchanges offer lots of useful information that you can use to find the best crypto to invest in 2024. You can be sure the data is credible, as it’s based solely on activity made on the respective exchange.

For example, eToro – which is regulated by FINRA and other reputable licensing bodies, offers market sentiment charts. This shows you what percentage of investors are buying or selling a particular cryptocurrency.

eToro review

eToro is used by over 30 million investors, so that’s a lot of useful data. In addition, eToro also gives buy, sell, or hold ratings for each supported cryptocurrency. This is based on eight of the most commonly used technical indicators. eToro isn’t the only tier-one exchange you can use to find the best cryptocurrency to invest in 2024.

For example, Binance lists the top gainers and losers, plus the leading cryptocurrencies for volume and searches. It also allows you to break down the best coins to buy for your preferred category – such as metaverse, layer 1, or AI. Many other popular exchanges offer similar data, such as KuCoin, Bitstamp, and Kraken.

YouTube Analysts  

We also found that YouTube is useful when searching for the best crypto to buy. There are many respected analysts and commentators who have a huge following – largely because they have a track record of consistently predicting the market.

Carl Runefelt – which is behind the popular YouTube channel ‘The Moon‘, specializes in technical analysis. While most of the focus is on Bitcoin, Runefelt also covers altcoins. Runefelt is also a seed investor in new cryptocurrency projects, so it’s worth keeping tabs on where he’s putting his money.

Jacob Bury review

If you’re interested in finding the best crypto presales, we found that Jacob Bury has a wealth of information to share. Bury helps his growing YouTube audience find the next 10x cryptocurrencies. He likes to find presale campaigns before they launch, which often yields the most favorable entry price.

Over the past couple of years, Bury has made some hugely successful predictions on the best new crypto to buy. This includes Tamadoge, which did 20x after its presale. Before that, Bury recommended Lucky Block, which made presale gains of 60x.

  • You can read more about upcoming ICOs here, where we discuss the best crypto projects to launch in December 2024.

Different Types of Cryptocurrencies: Which is Best in 2024?

We considered a broad range of categories when ranking the best cryptocurrency to buy now. Some cryptocurrencies fall into multiple categories, while others operate a unique niche.

Let’s explore some of the main cryptocurrency types so you can determine which is best for your portfolio.

Altcoins

Altcoins refer to all cryptocurrencies in the market – other than Bitcoin. This means that there are thousands of altcoins to choose from. This ranges from large caps like Ethereum, XRP, and BNB to small caps such as Pepe Unchained and The Meme Games.

Utility Tokens

Some investors prefer utility tokens when choosing the best coin to invest in. Utility tokens are cryptocurrencies that have an identifiable use case.

  • For example, MK is a utility token, as it’s used to gamble on battles in the Meme Kombat ecosystem.
  • BNB is also a utility token, as it offers discounted trading fees on the Binance exchange.

The majority of cryptocurrencies in the top 100 for market capitalization are utility tokens. The reason for this is simple – utility tokens can be used to access a particular product or service. There’s a reason to buy utility tokens rather than just to make money. In other words, utility tokens have the best chance of remaining relevant in the long run.

Meme Coins

When searching for the best crypto coin to buy, you’ll likely come across meme coin projects. Meme coins operate in contrast to utility tokens. This is because meme coins rarely have any use cases. In most instances, meme coins are based on a popular trend, character, or animal.

For example, the original meme coin – Dogecoin, is based on the Shiba Inu dog. This is also the case for Shiba Inu. And then there’s Pepe, which is based on Pepe the Frog.

Wall Street Memes presale

On the one hand, meme coins do not represent rational investments. But the reality is that many meme coins have produced life-changing returns. Meme coins have a habit of creating hype and FOMO, which are key components for a cryptocurrency to explode. For instance, Pepe grew by over 7,000% in under a month earlier this year.

In the meantime, established utility tokens like Ethereum and BNB remained flat. We found that Pepe Unchained could be the next Pepe, considering it has raised over $6.8 million in a few months of the presale launch. However, meme coins are also a lot more risky than utility tokens – so it’s best to have realistic expectations. While your meme coin investments could do 10x or more – they can also become worthless overnight.

Stablecoins

Stablecoins are cryptocurrencies that are pegged to fiat currencies. They are created to retain their value in all market conditions. The largest stablecoin is Tether, which has a market capitalization of over $83 billion. The objective is for Tether to always remain at $1, give or take a small spread. Another popular stablecoin is USD Coin, currently valued at over $25 billion.

Although stablecoins aren’t purchased for price appreciation, there are still ways to make money. For example, you can stake stablecoins for passive rewards or lend them to decentralized exchanges to earn trading fees. In both instances, you can generate a yield without worrying about volatility. That said, stablecoins can lose their pegging – just like Terra USD did in 2022.

Which Cryptocurrency Type is Best for me?

  • The irrationality of the cryptocurrency industry shows there isn’t necessarily a stand-out token type to invest in.
  • In theory, utility tokens offer the best long-term investment, as they have an identifiable use case.
  • However, meme coins – which often don’t have any use cases, have also produced huge gains in recent times.
  • Therefore, it’s best to hold a wide variety of cryptocurrency types to cover all potentialities.
  • This might include utility tokens, meme coins, staking coins, and presale tokens.
  • You. can also niche down further by covering different sub-industries. For instance, cryptocurrencies in the metaverse, play-to-earn, decentralized trading, and payment spaces.

Staking Coins

Many cryptocurrencies operate on the proof-of-stake consensus mechanism. This means that users can ‘stake’ their tokens to earn passive rewards. In some cases, you’ll be depositing the tokens into the blockchain network itself. In doing so, you’ll be keeping the network secure and will earn a share of newly minted tokens.

Some projects have a fixed percentage of tokens that they set aside for staking. This means that the staking process doesn’t contribute to inflation. This benefits investors in the long run, as tokens cannot be sold while they are being staked.

DeFi Coins

Another popular cryptocurrency type is DeFi (decentralized finance) coins. These are ecosystem tokens that offer access to decentralized finance products.

For example, decentralized token swaps, liquidity farming, staking, and dual investments. Uniswap and SushiSwap are good examples of DeFi coins. Most DeFi coins also offer governance rights, meaning holders can vote in key proposals.

When is the Best Time to Invest in Crypto?

If you’re new to cryptocurrency, you might be wondering if now is a good time to invest. From a price perspective, the current crypto landscape offers an attractive time to enter the market. The reason is simple – cryptocurrencies are still trading at a huge discount when compared to their all-time highs.

This price depression began in November 2021 – when the broader markets peaked. Bitcoin and Ethereum, for example, hit highs of almost $69,000 and $5,000 respectively. Today, these cryptocurrencies are trading at approximately $26,000 and $1,600. As you work your way down the list of cryptocurrencies by market capitalization, you’ll see that other projects have seen even bigger declines.

This includes Uniswap (90%), Decentraland (95%), and SushiSwap (97%). In simple terms, you can now buy your favorite cryptocurrencies at a fraction of their previous highs. And by entering the market at a lower price, you’ll be getting a lot more tokens for your investment.

  • For example, if you bought SushiSwap at its peak in 2021, you would have paid $23.38 per token.
  • This means that a $500 investment would have got you just 21 tokens.
  • The same $500 investment today will get you 862 tokens.
  • Importantly, the cryptocurrency markets move in cycles. When the broader markets are down, the majority of cryptocurrencies decline.

This is often the best time to buy cryptocurrencies. This is similar to investing in the S&P 500 index during a stock market recession. Or buying oil futures when record lows during the COVID lockdown. However, there are no guarantees that cryptocurrency prices will recover. There’s also no certainty that another bull market will arrive. Always tread with caution and ensure you’re well diversified.

How to Buy $BEST Token

You need the Best Wallet app to purchase this token. The app is available on the Apple Store and the Google Play Store, but you can scan the QR code on the presale page to download it. Once you have it installed, follow the steps below:

  • Step 1: Enter your email and passcode to set up your Best Wallet.
  • Step 2: Buy ETH or USDT or import your existing ETH or USDT wallet.

Best Wallet import option

  • Step 3: Click “Best Wallet” in the upcoming tokens section.

Best Wallet homepage

  • Step 4: Proceed to the purchase page and fill out all the details.

Conclusion

In summary, we’ve ranked 11 crypto projects that could outperform the market in the coming months. For maximum upside potential in 2024, we particularly like Pepe Unchained ($PEPU).

This is a new Pepe-themed meme coin that is built on Ethereum’s layer-two blockchain. $PEPU, the native token, can also be staked to offer high staking rewards.

Visit Pepe Unchained

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By Kane Pepi

Kane Pepi is an established financial and cryptocurrency writer with over 2,000 articles, tutorials, and market insights under his belt. Kane has a reputation for offering concise explanations of complex financial matters due to his competence in specialized fields such as asset valuation and analysis, portfolio management, and financial crime prevention. He has a Bachelor's Degree in Finance, a Master's Degree in Financial Crime, and is now working on his Doctorate degree, which will focus on the difficulties of money laundering in the cryptocurrency and blockchain technology industries. Kane's abundance of knowledge and expertise in the sector make him an invaluable resource for anybody navigating the world of finance and cryptocurrency.

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