Best Cryptocurrencies 2024 – Top Coins to Invest In

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.

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 12 cryptocurrencies listed above.

1. Pepe Unchained – Revolutionizing Digital Pet Ownership

Pepe Unchained introduces a groundbreaking play-to-earn game where players care for digital Pepe pets, blending virtual pet ownership with the iconic Pepe meme.

Access Pepe Unchained by acquiring $PEPE tokens at a discounted rate during the presale, essential for unlocking exclusive in-game assets and earning more $PEPE tokens through interactive activities.

Operating on the BNB blockchain, Pepe Unchained ensures secure transactions and supports a dynamic in-game economy with its 10 billion $PEPE token supply. Stake tokens for passive rewards and enhance your pet ownership experience with strategic purchases.

Embark on your journey with Pepe Unchained today and redefine gaming with blockchain technology.

Your money is at risk.

2. WienerAI – AI-Powered Meme Coin Offering Staking Rewards

WienerAI aims to capitalize on the 2024 meme coin trend by integrating AI technology, setting itself apart as one of the top cryptocurrencies with potential in 2024.

This innovative project utilizes AI for continuous improvement, positioning WienerAI as a frontrunner in the meme coin space.

In addition to its AI capabilities, WienerAI offers an attractive staking model, incentivizing participation with passive returns that vary with the presale period.

Investors can purchase WAI tokens using ETH or USDT during the presale, taking advantage of potential high APY.

Your money is at risk.

3. PlayDoge – Leading Play-to-Earn Crypto ICO in the Doge Ecosystem

PlayDoge is poised to become one of the most sought-after play-to-earn crypto games of 2024.

The project capitalizes on the popularity of the Doge ecosystem and appeals to a vibrant community of investors. PlayDoge introduces a playful mobile game centered around nurturing a Tamagotchi-style Doge pet.

Combining 90’s nostalgia with the opportunity to earn crypto, PlayDoge offers an enhanced Tamagotchi experience with familiar graphics and gameplay mechanics.

The PlayDoge app will be accessible on Google and Apple app stores. To participate, users must hold PLAY tokens, available at a low price during the presale phase.

Players can increase their investments by engaging in minigames and unlocking achievements within the app. Connect your wallet and earn crypto rewards effortlessly.

Built on the BNB blockchain, PlayDoge’s primary token is PLAY, with a total supply of 9.4 billion tokens. PLAY tokens unlock exclusive features and in-game assets, and users can earn them by participating in the ecosystem.

Investors can also stake their PLAY tokens to support the ecosystem and receive passive rewards.

Don’t miss the chance to invest in PLAY tokens during the ongoing presale. Connect your wallet and swap BNB for PLAY now.

Your money is at risk.

4. Shiba Shooutout – Capture the Spirit of the West with Community-Driven Rewards

Imagine a Wild West adventure combined with the excitement of cryptocurrency; that’s Shiba Shootout. This Shiba Inu-themed token breaks the mold of typical meme coins by offering unique features and substantial rewards. With 2.2 billion tokens proposed, its presale has opened up 35% of these tokens for early investors.

The roadmap is equally thrilling, with plans to launch a mini-game and list on major exchanges like CoinGecko and CoinMarketCap. These developments aim to boost the token’s market presence and attract a broader audience, setting the stage for significant growth.

One of the standout aspects of Shiba Shootout is its community-driven approach. The Posse Rewards program encourages users to expand their networks, while Campfire Stories reward the best crypto tales. These features create a vibrant and engaging community, making every participant feel valued.

For those interested in passive income, Shiba Shootout offers Cactus Staking, which increases rewards the longer you hold your tokens. Additionally, the Savings Saddlebags incentivize long-term investment by rewarding holders who lock up a portion of their tokens, making it an appealing option for all types of investors.

Your money is at risk.

5. Base Dawgz – The Multi-Chain Crypto Adventure Project of 2024

Base Dawgz is a pioneering cryptocurrency project merging adventure and blockchain technology.

Inspired by base jumping, Base Dawgz offers a multi-chain experience across Ethereum (ETH), Solana (SOL), Binance Smart Chain (BSC), and Avalanche (AVAX).

Utilizing Web3 technologies like Wormhole and Portal Bridge, Base Dawgz facilitates seamless cross-chain interactions, enabling users to explore decentralized worlds without boundaries.

Tokenomics of the $DAWGZ token focus on balanced distribution and sustainable growth. Rigorous security measures include smart contract audits and community-focused initiatives.

Base Dawgz invites you to join its movement early through the ongoing presale event.

Your money is at risk.

6. MegaDice – The GambleFi ICO Project With Massive Potential

MegaDice introduces the DICE token for gameplay within its renowned cryptocurrency casino platform.

A portion of MegaDice’s revenue, including transaction fees and profits, is distributed among DICE token holders, fostering active engagement and ownership within the ecosystem.

With a strong reputation in the crypto casino sector, MegaDice anticipates significant demand for its token during the presale.

Your money is at risk.

7. 99Bitcoins – The Most Transparent Crypto Platform

99Bitcoins is revolutionizing the crypto education space with its comprehensive platform dedicated to educating newcomers and veterans alike about Bitcoin and cryptocurrencies. Established in 2013, this platform has become a trusted source for unbiased guides, tutorials, and reviews.

The 99Bitcoins ICO offers a unique opportunity to invest in a platform dedicated to crypto education. With a mission to simplify cryptocurrency concepts for all users, the ICO aims to enhance its platform with interactive learning tools and community-driven content.

Investors can participate in the ICO using ETH or BTC. The platform’s transparent approach and commitment to educating millions of users worldwide make it a promising investment opportunity.

Follow 99Bitcoins on Twitter and join their Telegram community for the latest updates. Dive into the 99Bitcoins whitepaper for a detailed understanding of their vision and roadmap.

Your money is at risk.

8. 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.

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.

Your money is at risk.

9. eTukTuk — New Crypto P2E Game For Passive Rewards

Embark on an exciting journey with eTukTuk, a play-to-earn crypto game inspired by Southeast Asian TukTuk vehicles. Set in the bustling streets of Sri Lanka, players assume the role of TukTuk drivers, racing to complete trips swiftly for rewards.

Supported by the $TUK ERC20 token, eTukTuk facilitates in-game transactions, rewards, and unlocks exclusive features. With a total token supply of 2 billion, only 6% is available during the presale phase, offering early investors a strategic advantage.

Stake your tokens during the presale period to increase holdings, with a generous 118% APY at present. Stay updated on eTukTuk’s Twitter and join the Telegram channel for the latest news and developments.

Your money is at risk.

10. 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.

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.

Your money is at risk.

11. Smog — The Top Crypto Presale Offers Substantial Airdrop Rewards Along With A Staking Yield Of 42%

Introduced on Jupiter DEX within the Solana network on February 7, 2024, Smog distinguishes itself with the ‘Greatest SOL Airdrop’ concept, incentivizing community engagement and on-chain participation.

With no initial presale, Smog ensures equitable distribution without preferential treatment for early holders, bolstering its credibility. Of the total 1.4 billion coins, 50% is allocated to marketing and 35% to the airdrop, facilitating broad adoption.

The presale offers a compelling 42% APY from staking, featuring a 90-day lock-in period to encourage sustained engagement. Through an Ethereum bridge, Smog enhances cross-chain interoperability, potentially reaching millions of users. An additional 10% of coins supports centralized exchange launch, with 5% allocated to decentralized exchange liquidity.

Your money is at risk.

12. Slothana — The Explosive SOL Meme Coin That Sold Out Quickly at Presale

For those seeking explosive growth potential in 2024, Slothana is a SOL-based meme token that shouldn’t be overlooked. Despite its rapid presale sell-out, opportunities still abound for early investment.

While the presale event has concluded, it’s not too late to capitalize on Slothana’s upward trajectory. The project continues to deploy robust marketing strategies aimed at propelling the token to new heights.

Your money is at risk.

Our Methodology When Ranking the 12 Top Crypto to Buy

In this section, we offer insight into our methodology – which allowed us to rank the 12 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 Smog and Meme Kombat.
• 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 12 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.

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.

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.

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.

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.

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.

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.

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 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.

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 July 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 SushiSwap, Smog, and Sponge V2.

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.

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 Smog could be the next Pepe, considering it has a market cap of over $61 million in under a week of release. 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.

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.

Conclusion

In summary, we’ve ranked 12 crypto projects that could outperform the market in the coming months. For maximum upside potential in 2024, we particularly like Smog ($SMOG).

This is a new meme coin that has launched straight on the Jupiter DEX. Within a few days, the token has soared from a $2 million market cap, to more than $60 million. The crypto project also offers huge airdrop prizes and staking rewards.

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