Best Crypto To Buy in May 2024

Investing in cryptocurrencies is a good way to diversify a traditional investment portfolio with decentralized assets. Cryptocurrencies operate in a different market than traditional stocks and shares and are known for being more volatile.

This presents an opportunity for risk-tolerant investors to take advantage of short-term price fluctuations whilst participating in exciting new web3 projects. To help you make informed investment decisions, this guide will present an overview of the best crypto to buy in 2024.

Our team spent time carefully researching new and established projects to determine the top investment opportunities for keen cryptocurrency investors. Keep reading to find out more about the most promising projects.

Best Crypto To Buy Right Now List

Below is a list of the top 12 cryptocurrencies to buy right now. You can find a more detailed overview of each project further down in our guide.

  1. Dogeverse (DOGEVERSE)Top tier crypto with multi-chain support. Dogeverse touts low transaction fees and user-friendly features for broad crypto adoption.
  2. Sealana (SEAL)The hilarious new SOL meme token that is taking over social media.
  3. WienerAI (WAI): Staking and AI-powered meme coin. Combining adorable dachshunds with cutting-edge AI, this meme coin utilizes self-upgrades for long-term growth.
  4. MegaDice (DICE): The freshest gamblefi token boasting a rapidly vanishing presale.
  5. 99Bitcoins (99BTC): Educational crypto project with rewards. 99Bitcoins empowers users with valuable crypto education and rewards them for learning.
  6. 5thScape (5SCAPE)Top VR gaming project that is supported by the native utility token, 5SCAPE. 5thScape will launch a collection of market-leading VR games and investors can use their tokens to access the ecosystem, buy digital assets and receive discounts of hardware.
  7. SpongeV2 (SPONGE)The second version of the successful SPONGE meme token that exploded at the end of 2023. Sponge V2 offers investors who missed the initial pump a second chance to take advantage of future gains and stake SPONGE tokens for passive rewards.
  8. Smog Token (SMOG): Upcoming meme coin with staking capabilities. Smog token is an ERC20 meme coin with a fantasy theme that has recently finished a highly-anticipated presale event. Investors can receive free crypto through staking and token airdrops that will be available exclusively to the community.
  9. eTukTuk (TUK)The newest green crypto token that will pave the way for sustainable transport in South East Asia. eTukTuk is a pioneering project that aims to roll out electric TukTuk vehicles to reduce carbon emissions. The TUK token will support the entire ecosystem and investors will be able to stake their tokens for rewards.
  10. Slothana (SLOTH): New crypto sparking meme mania on Solana. Drawing inspiration from Slerf’s fast growth, this token aims to bring the fun of meme coins to the Solana ecosystem.
  11. Dogecoin20 (DOGE20): Take advantage of short term gains by investing in the top doge-themed cryptocurrency of 2024. Early presale investors can benefit from price increases and stake their tokens for passive rewards.
  12. Scotty The AI (SCOTTY): The best AI crypto project to invest in 2024. Scotty The AI is a loveable Scottish Terrier who will protect the crypto space with his advanced AI capabilities. This project is the perfect blend of meme coin culture and long-term crypto utility.
  13. Meme Kombat (MK)Win crypto by betting on the outcomes of battles between your favorite meme characters. Meme Kombat is a fun play-to-earn game that combines the power of meme tokens with real-world rewards.
  14. TG.Casino (TG)TG.Casino is the first Telegram-regulated casino that is supported by the native utility token, TG. TG holders can earn rewards through staking or use their tokens in the Casino to increase their rewards. Investors can also receive 25% cashback on all losses in the casino.
  15. Wall Street Memes (WSM)Take part in the most popular meme community that raised over $25 million during presale. Wall Street Memes was one of the most successful meme tokens in 2023 and continues to be a popular choice thanks to the project’s continued development and product offerings.
  16. Bonk (BONK): One of the most explosive meme tokens so far in 2024. Bonk has rewarded investors with huge returns and is now listed on over 33 crypto exchanges. Bonk aims to become the biggest community coin in the web3 space and is available on 10 different blockchains.
  17. Solana (SOL): A revolutionary blockchain network with high transaction speeds and low fees. Solana is set to be one of the most widely used blockchain networks in 2024.

How To Invest in the Best Cryptocurrency

Many of the top cryptos to buy in 2024 are available via presales, which means that you cannot yet buy them from exchanges. Investing in new tokens via presale is the best opportunity to buy crypto coins at an undervalued price. A crypto presale is an event through which a project sells a percentage of tokens at a low price, often below $1, to raise funds for project development.

best crypto to buy

The best crypto presales are held in stages and the price of the tokens goes up at each stage. This means that the earlier you invest, the more returns you could potentially receive.

To buy crypto through a presale, you will need to own a crypto wallet that is compatible with the blockchain network that the presale token is built on. The best cryptocurrencies on our list are ERC20 tokens which means that you will need an Ethereum wallet.

Make sure that your wallet is funded with tokens that can be swapped for the presale crypto. The best way to find out which coins can be swapped is to visit the project’s official website. Remember to fund your wallet with enough coins to cover gas fees as well as the price of the cryptocurrency.

After this, connect your wallet to the crypto presale. This can usually be done by selecting ‘connect wallet’ and choosing from the list of compatible wallet providers. You will then be able to swap coins from your wallet for the presale tokens.

In most cases, you will have to wait until after the presale to claim your tokens. However, some projects allow investors to start staking their tokens for rewards straight away.

Once the presale has ended, you will be able to claim your tokens, sell cryptocurrency and take part in exclusive platform features.

Best Crypto To Buy Now – A Closer Look

In the following section, we will take a closer look at each of the crypto projects that we selected as the best in 2024. Read through each mini-review to discover why the token may be a good option to consider for your portfolio.

1. Dogeverse – Top tier crypto with multi-chain support

Dogeverse has come to transform the cryptocurrency world, offering endless possibilities with a limited supply of tokens. This meme coin inspired by the famous Doge meme has become a multi-chain project, expanding its functionality to networks such as Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

Dogeverse developers have ambitious plans, including integrating the project into the major DEX and CEX cryptocurrency markets.

To enjoy Dogeverse’s benefits, you need a wallet compatible with any of the blockchains it uses to make a purchase. Once the tokens are purchased, you can use Dogeverse’s bridge to exchange them between chains and create customized investment strategies.

With a total supply of 200 billion tokens, Dogeverse offers a unique opportunity to invest early. The presale, comprising 15% of the total supply, is priced at $0.000291 per token.

Your money is at risk.

2. Sealana – The best crypto to buy for short-term gains in 2024

Sealana is a chubby seal trader who is on a mission to find the next SOL crypto opportunity. He spends his days sitting at his PC, trading altcoins and eating burgers. Some may say that Sealana has let himself go but in reality, this chubby trader is just weeks away from reaching the moon!

The Sealana meme coin was made to troll altcoin traders. This humorous theme has been a success so far, building a strong community of investors within days.

sealana best crypto to buy

The SEAL token lacks utility but makes up for this with humor and sheer determination! The team behind the token hope to reward presale investors with monumental returns.

The Sealana presale is a send-to-wallet presale event that will airdrop tokens to participants. You can participate by swapping SOL for SEAL through the presale website or sending SOL to the project’s wallet address.

Your money is at risk.

3. WienerAI – Staking and AI-Powered Meme Coin

WienerAI takes a unique approach to the meme coin space by merging two hot trends: adorable dachshund memes and artificial intelligence. This combination fuels the project’s viral marketing potential, aiming to establish WienerAI as a leader in the meme coin market.

Unlike its meme coin counterparts, WienerAI offers investors more than just quick gains. The project boasts a capped supply of 69 billion tokens, which will further decrease through staking mechanisms. Additionally, WienerAI leverages AI technology to adapt and upgrade in response to evolving market conditions, fostering long-term project growth.

wienerai ico drops

Early investors in WienerAI can capitalize on lucrative staking rewards, generating passive income within the project’s ecosystem. With the presale experiencing high demand, securing your investment early grants access to these benefits before they potentially diminish.

Your money is at risk.

4. MegaDice – The latest gamblefi token with huge potential

The DICE token stands as the intrinsic currency of MegaDice, a prominent figure in the world of cryptocurrency casinos. DICE serves as the key to unlocking gameplay, exclusive privileges, bonuses, and even crypto airdrops within the platform.

megadice best crypto presales

MegaDice operates on a revenue-sharing model, where a slice of its proceeds, including transaction fees and profits, is distributed among DICE token holders. This system offers an added incentive for holding DICE and actively engaging in the MegaDice community.

Renowned for its integrity within the crypto casino realm, MegaDice is poised to attract considerable demand for its token.

Participate in the ongoing presale event to secure DICE tokens at a discounted rate.

Your money is at risk.

4. 99Bitcoins – Educational crypto project with rewards

In the fast-paced world of cryptocurrencies, where information flows like an incessant torrent, finding reliable and attractive educational resources can be an arduous task. 99Bitcoins emerges as a beacon of light in this panorama, transforming learning into a rewarding adventure.

99Bitcoins breaks the barriers of conventional education, offering a “learn to earn” platform that allows you to immerse yourself in the fascinating universe of Bitcoin, Litecoin, Peercoin, and other cryptocurrencies while reaping the rewards for your dedication.

Through carefully designed interactive quizzes and tutorials, 99Bitcoins guides you on a deep and engaging learning journey. As you progress along this path of knowledge, you accumulate valuable 99BTC tokens, which give you access to exclusive content and additional benefits.

By becoming a 99BTC token holder, you step into a world of exclusivity. You gain access to in-game rewards that propel your crypto adventure and enjoy preferential treatment with exclusive access to premium events and features. This sense of privilege and special treatment is a unique benefit of our platform.

Early adopters who join the 99Bitcoins community can receive a portion of $99,999 worth of airdrop.

Your money is at risk.

5. 5thScape – The best crypto to buy for metaverse exposure in 2024

5thScape is the next best crypto ICO on our list. The new gaming token is the native utility token of the 5thScape VR gaming ecosystem, which will provide players with access to groundbreaking VR and AR games.

5thSacpe aims to become the market leader in the VR gaming space, rolling out a number of exciting games followed by the launch of advanced gaming hardware.

5thscape best cryptocurrency to buy

The 5SCAPE token is available to buy via presale. The presale was launched by the team to raise funds for project development. Invest in 5SCAPE will provide free access to the 5thScape ecosystem as well as discounts on games and hardware.

5SCAPE is an ERC20 token that will support the entire project. The token will be used to reward developers for their efforts, incentivize participation, and verify transactions via staking. The presale launched in March 2024 and is selling out quickly.

Your money is at risk.

6. Sponge V2 – Your second chance to invest in the meme coin that exploded in 2023

SpongeV2 is the second version of the popular Sponge Token that exploded after presale in 2023. The second version of the project gives investors who missed the initial pump another chance to see returns.

The introduction of SpongeV2 was implemented to slowly take V1 tokens out of circulation. Investors can earn V2 by locking up their V1 tokens in the Sponge staking pool.

spongev2 top crypto

SPONGE is an ERC20 token which means that you can purchase it with ETH or USDT. After buying SPONGE, you will need to stake your tokens to earn V2. The Sponge V2 presale is selling out quickly and there isn’t much time left to buy tokens before the next pump.

Your money is at risk.

7. Smog Token – The best crypto to buy for community participation and short-term gains

Smog token is another promising meme coin project that is suitable for investors who are looking to invest in a project that could produce short-term gains.

The token is currently available to buy through presale and the project will follow a 3-stage roadmap that has been designed to reward early investors.

smog token

Even though Smog is a meme token, investors can benefit from its utility. SMOG can be staked for passive rewards and provides access to exclusive token airdrop events. The presale is expected to end soon which makes now the best time to buy.

Your money is at risk.

8. eTukTuk – A promising sustainable crypto project with excellent utility

For eco-conscious investors who are looking to expand their portfolio with a utility token, eTukTuk is a good project to consider.

etuktuk best crypto to buy in 2024

TUK is a utility ERC20 token that will power with eTukTuk ecosystem of sustainable TukTuk vehicles. The aim of the project is to roll out electric TukTuks in South East Asia. This will reduce carbon emissions in the continent.

eTukTuk will reward drivers who choose to use EVs instead of traditional TukTuks. The project will be built entirely on blockchain technology, providing a transparent and efficient solution for third-world countries. The EV charging stations will harness blockchain and AI to run themselves, providing a smooth operation.

The TUK tokens will be used to enhance green initiatives in real time. Investors will be able to stake their tokens for passive rewards, whilst contributing towards the upkeep of the ecosystem.

Your money is at risk.

9. Slothana – New crypto sparking meme mania on Solana

Slothana, a brand-new meme currency powered by Solana, is making a name for itself with a blazing-fast presale. Launched on March 26, 2024, the project surpassed the $1 million mark in less than two days.

The presale has recently ended and SLOTH is now available to buy on DEX.

The token is a traditional meme coin with no utility other than generating returns for early investors.

Nevertheless, SLOTH is a great way to diversify your portfolio with a Solana meme coin that has proven itself to be a hit amongst investors.

Your money is at risk.

10. Dogecoin20 – The best meme crypto with staking capabilities

Dogecoin20 is one of the best new cryptocurrencies to buy if you are looking to take advantage of the current doge hype. Dogecoin20 has been created in a way that Musk himself might have built Doge coin back in 2013. Unlike the original Doge coin, Dogecoin20 has a deflationary supply, provides staking opportunities, and is built on the Ethereum blockchain network.

doegcoin20 best crypto to buy right now

Dogecoin20 was created to provide investors who missed the original DOGE pump with a second opportunity to participate. This time, the developers have focussed on sustainability which has attracted traders who are looking for eco-friendly alternatives to market-leading tokens.

DOGE20 is an ERC20 token with a max supply of 140,000,000,000. No new tokens will be minted.

The main reason that Dogecoin20 could be worth buying is that Elon Musk recently teased accepting DOGE as payment at Tesla. This sparked positive sentiment towards Doge coin and other Doge-themed cryptocurrencies.

Your money is at risk.

11. Scotty The AI – The best AI cryptocurrency that will enhance security in the blockchain space

SCOTTY is a revolutionary cryptocurrency token that will be used to support the Scotty The AI ecosystem.

Scotty The AI is an AI blockchain security solution that can read complex lines of code to spot patterns and detect fraud. The software will be able to work behind the scenes to actively spot suspicious activity and offer effective solutions.

scotty the ai best crypto project

The team behind Scotty The AI hopes to grow the project into a recognizable symbol of security in the crypto space. To achieve this goal, the team has developed a robust 3 stage roadmap that will encourage investor participation and the continuation of market efforts.

Your money is at risk.

12. Meme Kombat – The best play-to-earn cryptocurrency for meme coin enthusiasts

Meme Kombat is an innovative crypto project that combines meme culture with play-to-earn crypto gaming. The platform allows investors to earn free crypto by correctly betting on the outcomes of battles between meme characters.

meme kombat best crypto to buy

To place a bet, investors must hold and stake MK tokens. The higher the bet that they place, the more they could earn.

Meme Kombat launched in 2023 and managed to raise $10 million during its presale. MK tokens were recently launched on UniSwap and more DEX listings are coming, according to the project roadmap.

Your money is at risk.

13. TG Casino – The first Telegram-regulated crypto casino

TG Casino is a Telegram-based crypto casino that allows players to gamble with cryptocurrency.

tg casino best crypto to buy right now

The casino is supported by the TGC utility token, which can be used to play at the casino or take part in staking for passive rewards. Players who play with TGC will be eligible for 25% cashback on losses as well as exclusive bonuses.

TGC is currently listed on UniSwap and more listings are set to be announced this year.

Your money is at risk.

14. Wall Street Memes – The most popular meme cryptocurrency in 2023

Wall Street Memes made waves in 2023 as one of the most successful cryptocurrency presales in the meme coin space. The WSM token was originally launched as a traditional meme coin but has since gained utility through the introduction of the Wall Street Memes Casino and Sportsbook.

WSM token best crypto to buy

WSM tokens can be used to play at the Wall Street Memes Casino, take part in free crypto airdrops, or participate in the staking pool.

Investing in Wall Street Memes is a great way to diversify your crypto portfolios with one of the most promising projects in the meme coin space. Wall Street Memes was created to troll the traditional stock market and has built a community of fierce supporters who want to send the token to the moon.

Your money is at risk.

15. BONK – The most exciting meme coin that exploded at the start of 2024

BONK is one of the most exciting meme tokens to buy with year. The meme token is one of the best-performing cryptos by market cap so far this year and many experts are predicting that the coin will reach $1 in 2024.

bonk coin best meme coin to buy

BONK is a traditional meme coin with no real utility other than to generate huge returns for the community of investors. However, the token has managed to raise an impressive market capitalization and now ranks #58 on Coinmarketcap.

The aim of the project is to become the #1 community coin in web3. To achieve this, BONK will roll out multi-chain integration, gaming capabilities, and continue to expand its community through viral marketing efforts.

16. Solana – The best blockchain network coin to buy in 2024

Solana is an innovative blockchain network that hopes to improve blockchain accessibility for everyone.

solana token best cryptocurrency to buy

The network is supported by the SOL utility token. SOL is used to pay for transactions and staking. By investing in SOL, you can take part in the maintenance of the blockchain network and earn rewards for doing so.

Solana is positioned to be one of the best blockchain networks to use as the web3 space grows. This is because the network is fast, low-cost, and scalable. This makes it an attractive alternative to the Bitcoin and Ethereum networks.

What Are Cryptocurrencies?

Cryptocurrencies are digital or virtual currencies that utilize cryptography for security and operate independently of a centralized authority such as a government or financial institution. The first cryptocurrency to be created was Bitcoin, which was launched in 2009. Since then, thousands of cryptocurrencies have been created to support decentralized apps.

One key characteristic of cryptocurrencies is their decentralized nature. Unlike traditional forms of currency, cryptocurrencies are not regulated or controlled by a single entity. Instead, they rely on a technology called blockchain, which is essentially a distributed ledger that records all transactions across a network of computers. This ensures transparency and prevents fraud, as each transaction is verified by multiple participants within the network.

Another defining feature of cryptocurrencies is their limited supply. For instance, Bitcoin has a maximum supply of 21 million coins, and once this limit is reached, no new Bitcoins can be created. This scarcity helps to maintain the value of cryptocurrencies and can contribute to their appeal as an investment.

Cryptocurrencies have gained popularity due to the ability to control finances without the presence of a third party. They allow for peer-to-peer transactions without the need for intermediaries such as banks, which can be more cost-effective and efficient. Additionally, cryptocurrencies offer increased privacy and security for users, as transactions can be conducted anonymously.

cryptocurrencies, best crypto to buy

Why Invest in Crypto in 2024?

Cryptocurrencies are a new type of asset that offers investors the chance to diversify their portfolios. But, why is crypto a popular option amongst investors?

In the next section of our guide, we will take a look at why crypto is considered to be a good investment in 2024 and beyond.

The upcoming Bitcoin halving could spark a market-wide bull run

The Bitcoin halving, an event that occurs once every four years, is just around the corner, and anticipation is building up among cryptocurrency enthusiasts. Scheduled to take place in April 2024, the halving is expected to have a significant impact on the price and overall market sentiment of Bitcoin. Many experts and analysts believe that the event could potentially ignite a market-wide bull run.

For those unfamiliar, the Bitcoin halving refers to the reduction in the block reward for miners. This means that the number of new Bitcoins created and given to miners as a reward for validating transactions will be cut in half. The previous halvings, which occurred in 2012 and 2016, resulted in substantial price increases for Bitcoin.

The halving event is often seen as a catalyst for a bull market due to the reduced supply of new coins entering the market. As the supply decreases, while demand remains constant or even increases, the scarcity of Bitcoin can drive up its value. This has been evident in previous halvings, where Bitcoin’s price experienced substantial gains in the months and years following the event.

Many cryptos are still undervalued

Another reason that cryptocurrencies could be considered a good investment in 2024 is that many tokens are still undervalued. This means that they can be bought for a price below their true potential.

The main reason that cryptos remain undervalued is that mass adoption has not occurred yet. Mass adoption refers to a time when cryptocurrencies are mainstream and used for everyday transactions. This is yet to roll out which means that many crypto projects still have huge potential for growth.

Furthermore, many of the top cryptos on our list are available to buy at presale. Presales are known for offering tokens at a very low price, compared to what the token may sell for once it is launched on exchanges. Buying crypto during a presale is the best way to invest while prices are low.

Investing in crypto is a good way to diversify

One of the main reasons that long-term investors may choose to buy crypto is that investing in decentralized finance assets is a good way to diversify a traditional stock portfolio. You may buy stock and crypto simultaneously.

The cryptocurrency market operates separately from the stock market which means that crypto assets may not be vulnerable to the same economic shifts as stocks and shares. Therefore, by investing in cryptos, investors can ensure that their entire portfolio is not exposed to just one type of financial market. Crypto assets may be able to hedge against losses that are felt in the traditional stock market.

How To Choose The Best Crypto to Buy

There are thousands of cryptocurrencies available to buy in 2024. So, how do you go about choosing the best crypto to buy for your portfolio?

Our team used the following criteria when selecting the best cryptos to buy for our guide.

  1. Token utility: Utility provides investors with a reason to hold crypto long-term, which reduces the chances of sell-offs after a presale. Therefore, looking for a token that has strong utility is a good way to ensure that the asset holds its price.
  2. Project community: Tokens with a strong online community have a history of generating excellent returns. A crypto’s ‘community’ refers to a project’s online fan base that can be found on social channels such as Telegram or Twitter. A strong community is a sign that a project has managed to attract long-term investors who believe in the crypto’s potential.
  3. Token presales: Investing in crypto during a presale is one of the best ways to buy tokens while the price is low. We focussed on finding promising presale opportunities that provide investors with a chance to diversify their portfolios without putting large amounts of capital at risk.
  4. Project scalability: The scalability of a crypto project is an indicator of a token’s long-term potential. Scalable cryptocurrencies will be able to adapt to changes in the market and hold their value long-term. A good way to understand whether or not a project is scalable is to look at which blockchain network it is built on. Projects built on Ethereum are considered to be the most scalable.
  5. Project roadmap: A project roadmap is a plan that underlines how a cryptocurrency project will achieve its long-term goals. A clear roadmap is a sign that the team will continue with development and marketing efforts after the initial presale. This will increase the chances of the token maintaining its value and providing returns to investors.

Conclusion

In this guide, we have taken a look at the best cryptos to buy in May 2024. Our top picks for long-term investors include Dogeverse, Sealana, and Wiener AI. However, it is important to conduct your own research before making any final investment decisions.

The best cryptocurrencies to buy should have strong utility, a vibrant online community, and a robust roadmap that positions the project to generate long-term returns. The crypto market is volatile which means that the best tokens to buy change regularly. For this reason, investors should stay up-to-date with the latest market news including new crypto presale announcements and cryptocurrency exchange listings.

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By Ruby Layram

Ruby is an SEO Editor who occasionally contributes as a writer for ICO Bench. Ruby has been working in the Fintech and Personal Finance space for 5 years and has been featured in a number of reputable online publications including The Motley Fool UK, Bankless Times, Cryptonary, TradingPlatforms and BuyShares.