15+ Best Crypto to Invest in 2024

This text discusses various factors to consider when investing in cryptocurrencies, emphasizing the importance of security and transparency, utility and adoption, market cap, development team, and community. It also includes an FAQ section addressing common questions about potential investments in 2024, such as which crypto may do well and whether Bitcoin will reach $100,000. The article concludes by reminding readers to diversify their investments and not put all their eggs in one basket, and that this text is not financial advice and encourages further research before investing.

As a crypto investor, I understand that selecting the top-performing cryptocurrencies can be a challenging task, especially for those new to the crypto world.

As a cryptocurrency market analyst looking back on the tumultuous year that was 2023, I cannot help but reflect on the significant events that shaped our landscape. The groundbreaking approval of a Bitcoin spot ETF by BlackRock was a pivotal moment that invigorated the market and set the stage for new investment opportunities. Yet, we also faced challenges such as the aftermath of the FTX incident and other damaging events, which tested the resilience of our community. With the bear market now in its rearview mirror, I am eagerly anticipating how the second half of 2024 will unfold and what new developments await us in this ever-evolving cryptocurrency landscape.

The approval of the Bitcoin ETF in 2023 significantly enhanced the situation, resulting in a remarkable growth of over 155.2%. This development led to a doubling of the cryptocurrency market cap, bringing it to a close at $1.72T with an impressive increase of 108.1% for the year. Furthermore, ongoing conversations regarding potential Ethereum and Solana ETFs add to the optimism for continued growth in this sector.

Due to the volatile nature of the cryptocurrency market, there is great curiosity among traders and investors regarding which digital coins will be profitable to invest in during 2024, and which crypto assets hold the greatest promise for the future years.

As a seasoned analyst, I’ve had the privilege of delving into the world of cryptocurrencies to uncover some promising investment opportunities. I’m thrilled to share with you a few handpicked options that could serve as solid foundations for your crypto assets portfolio. However, it’s essential to remember that my insights should not be your sole decision-making factor. Instead, I urge you to conduct further research and perhaps refer to the upcoming 2023 crypto report to gain a comprehensive understanding of the current market trends and landscape.

As a cautious crypto investor, I always keep in mind that past successes don’t assure future profits. So, I approach every investment opportunity with a healthy dose of skepticism. Moreover, please note that the content of this article should not be considered financial advice. Lastly, I can’t stress enough that digital assets are inherently volatile, so proceed with caution.

The Best Crypto to Buy Now? Top 15+ Cryptos to Invest

If you’re on the hunt for the most promising cryptocurrencies to invest in for the year 2024, check out our comprehensive list showcasing the top-tier cryptos to consider purchasing now. We’ve carefully curated this selection based on their risk and reward potential.

So, let’s jump in!

Caution: In this article, we delve into a range of cryptocurrencies offering diverse risk-reward possibilities. Remember that stablecoins, which are pegged to fiat currencies like the US Dollar, have been excluded from our discussion since their value remains relatively stable.

Low Risk – Low Reward Cryptocurrencies To Buy

1. Bitcoin (BTC)

BTC

Bitcoins hold the crown as the most widely recognized cryptocurrency, requiring no introduction. As the first-ever created cryptocurrency, it boasts a strong reputation and extensive usage around the globe. Previous market performance and the finite number of tokens in circulation contribute to Bitcoin’s significant worth among all digital currencies.

BlackRock’s endorsement of a bitcoin spot ETF is opening up new possibilities, with some crypto analysts predicting that Bitcoin could hit a price of $145,943.93 by year-end. Given this scenario, investing in Bitcoin might be the wisest choice for those looking to avoid the complexities of Decentralized Finance, emerging cryptocurrency markets, and meme tokens.

2. Ethereum (ETH)

ETH

Ethereum, led by Vitalik Buterin and currently the second largest cryptocurrency by market value, stands out as the pioneering blockchain for creating tokens and supporting smart contracts. Its significance lies in its role in the boom of Decentralized Finance (DeFi) and the popularity of presale tokens.

In the year 2024, Ethereum remains an excellent investment choice due to its role as the native currency of the Ethereum blockchain. It continues to serve as a means of payment for network transactions and transaction fees. Moreover, Ethereum uniquely burns or eliminates its tokens during various processes, thereby reducing the overall supply in circulation. As the supply shrinks, the value tends to increase due to the basic economic principle of scarcity.

This cryptocurrency is pivotal to numerous Play-to-Earn platforms, decentralized apps, and DeFi projects, all poised for expansion in the upcoming years.

3. Solana | SOL

SOL

I’ve been following the crypto market for some time now, and Solana is one project that has managed to survive and thrive since its inception. In 2023, it underwent an impressive revival, resulting in a stunning 374% price surge by the end of Q4. And the best part? Solana still has significant potential for growth even in 2024. As we approach July 2024, this project holds the fifth spot in terms of market capitalization.

SOL, the native token of Solana, has regained attention as a potential crypto investment due to its recovery trajectory following a major downturn in 2022 caused by the FTX collapse.

As a researcher studying the crypto market, I’ve observed that Solana (SOL) has demonstrated remarkable resilience throughout its existence, bouncing back from setbacks and maintaining a strong presence in the industry. Therefore, investors pondering whether SOL will recover and if it is a dependable project may find solace in this historical trend.

Additionally, Solana’s early backers are still debating if this platform could potentially dethrone Ethereum in terms of leading the market for decentralized applications.

4. Avalanche (AVAX)

AVAX

Founded in 2020, Avalanche was established with a clear objective: to address certain limitations of the Ethereum blockchain, including enhancing scalability for decentralized applications (dApps), facilitating interoperability, ensuring low latency, and providing a robust foundation for the GameFi sector. By executing smart contracts effectively, Avalanche aims to deliver on these goals.

As a crypto investor in July 2024, I can confidently say that Avalanche has been one of my top performing investments over the past year. With a market cap ranking among the top 15 crypto projects, this digital asset has more than doubled in value compared to its price a year prior. Despite the volatile market conditions, Avalanche has demonstrated remarkable resilience and strength.

The burgeoning GameFi industry, projected to reach a value of $90.51B by 2031, has piqued the interest of crypto investors and developers due to AVAX‘s advanced infrastructure and economical transaction fees.

5. Chainlink (LINK)

LINK

Any cryptocurrency investor would attest that Chainlink functions as the guardian of multiple blockchain networks, fortifying security and supporting the autonomy of smart contracts. Consequently, it delivers accurate and tamper-proof data streams, as well as end-to-end decentralization. This empowers Ethereum blockchain and other platforms to acquire real-time data from the world, such as stock prices, sports results, and more.

I experienced significant growth with LINK‘s native token in 2023, as it ranked among the top five DeFi tokens, registering an impressive 168% increase throughout the year. Given its essential role as the foundation for numerous Web3 decentralized applications (dApps), we anticipate a surge in demand for LINKs in the current year and beyond.

6. Uniswap (UNI)

UNI

If you’re a trader who capitalized on the 2021 cryptocurrency bull market, you’ve likely come across Uniswap, the most prominent decentralized exchange in the summer of 2020 within the DeFi (Decentralized Finance) scene. Traders began purchasing newly launched Ethereum network tokens exclusively on Uniswap. An intriguing aspect of this platform is that anyone could establish a liquidity pool for their token.

Uniswap gave rise to notions such as yield farming and liquidity pools through its innovative and effective design. In time, Uniswap introduced its own governance token called UNI.

Originally established on the Ethereum blockchain and currently available for trading on prominent cryptocurrency exchanges, UNI may represent a promising investment opportunity in 2024 among digital currencies.

7. Toncoin (TON)

TON

As a researcher studying the cryptocurrency landscape, I came across Telegram’s crypto asset, which debuted in 2018. This digital currency was the brainchild of Pavel Durov, the founder of Telegram. The primary goal behind its creation was to provide an agile and expansive ecosystem for decentralized applications (dApps) and smart contracts.

I. As the Toncoin blockchain incorporates sharding technology, I can assure you that it becomes capable of handling millions of transactions per second without compromising the main chain’s functionality. Additionally, this design ensures seamless interoperability across the network.

As an analyst, I’d put it this way: In the TON network, I observe that transactions and services are facilitated. However, running a validator or service node entails a substantial cost. Conversely, users can stake TON to earn rewards.

As of July 2024, Toncoin is in 8th place by market capitalization.

High Risk – High Reward Crypto Assets To Buy

8. Cosmos (ATOM)

ATOM

In the year 2016, Cosmos, a platform established by Ethan Buchman, came into existence. The native currency of this system, known as ATOM, serves multiple purposes – it is used for settling transaction costs within the network and facilitates the creation of interconnected blockchains.

In addition, validators who opt to secure the network by staking ATOM are entitled to approximately annual returns of 9.22% in the form of tokens. Meanwhile, investors can accumulate these rewards to amplify their passive earnings.

ATOM token owners experienced successful outcomes in the past due to various cryptocurrencies debuting on Cosmos’s Tendermint platform distributing airdrops to ATOM stakers. Consequently, apart from the attractive annual percentage rates (APR) that ATOM provides, there are also rewarding airdrops. Among these airdrops, OSMO stood out as the most lucrative one, with over 50 million OSMO tokens distributed (equivalent to more than USD 500 million at its peak value).

Despite ATOM not having a capped supply, it’s still a worthwhile addition to your cryptocurrency portfolio due to the potential for receiving valuable airdrops in the future.

9. Near Protocol (NEAR)

NEAR

As a cryptocurrency analyst, I would highlight that Near Protocol (NEAR) is an emerging top contender in the crypto landscape to keep an eye on in the year 2024. This platform distinguishes itself by prioritizing the ease of use for developers, offering them accessible and intuitive tools, along with a highly scalable network capable of handling massive transactions.

In simpler terms, Near Platform enables developers to create and introduce decentralized applications (dApps) more efficiently and seamlessly.

One of Near’s significant advantages lies in its “nightshade” technology. This feature enables the network to manage increased activity levels effortlessly, an issue frequently encountered by blockchain systems.

Over the past year, NEAR has emerged as one of the most promising cryptocurrencies, experiencing an astonishing growth rate of 406%. This strong performance indicates that it may be on the verge of making a significant impact within the crypto industry.

The future pricing trends for NEAR are unpredictable, but given its recent progress and emphasis on being developer-friendly, this project is definitely worth exploring.

10. Aptos (APT)

APT

As a researcher studying blockchain technologies, I’ve come across Aptos, which boasts the capability to handle up to 160,000 transactions per second theoretically. This impressive throughput is made possible by Aptos being built on Move, a custom programming language originally developed for Diem Blockchain.

As a researcher, I’ve observed that APT was initially listed on Binance Crypto Exchange at a price of $3 and experienced significant growth, reaching a peak of $18 within a few weeks. Unfortunately, its value began to decline thereafter, currently hovering around $5.88. Nevertheless, we hold a positive outlook for Aptos’ potential to rebound to $18 during a robust bull market. Our long-term prediction, however, suggests a price of $30 or more.

11. Optimism (OP)

As an analyst, I would describe optimism as follows: I, myself, am an agile and dependable Layer 2 solution engineered by Ethereum developers, specifically designed for both users and developers. The structure of optimism closely resembles that of the Ethereum Virtual Machine (EVM), enabling a smooth scaling experience for your Ethereum projects.

As a crypto investor, I’ve found Optimism to be an intriguing project for several reasons. One of the most notable was their impressive airdrop when they first launched, which attracted a large number of users like myself. With so many people joining the Optimism ecosystem, we were able to utilize their Decentralized Finance (DeFi) platforms extensively.

12. PancakeSwap (CAKE)

CAKE

As a crypto investor, I’d describe PancakeSwap as a platform where I can trade cryptocurrencies directly from my wallet without the conventional order books. Instead, it employs an Automated Market Making (AMM) model that facilitates these trades. Additionally, holding CAKE tokens enables me to contribute to liquidity pools and earn rewards through yield farming initiatives.

Crypto analysts are excited about CAKE being a potential game-changer in the future market. This enthusiasm stems from its strategic collaboration with Binance Smart Chain, which allows for reduced transaction fees and swifter transfer times.

13. Cronos (CRO)

CRO

In 2024, Cronos, previously known as Crypto.com’s secondary token, is a promising cryptocurrency investment opportunity. It serves as Binance Coin’s primary rival in the US, Canadian, and European markets.

But CRO has many benefits besides to offer, such as:

You can get lower transaction fees on the Crypto.com exchange.
Use it on Cronos DeFi platforms and earn a yield on it.
Use it to purchase stuff on Crypto.com Pay.
Pay for Diamonds in Loaded Lions – Crypto.com’s browser game where competitive mode offers a 100,000 USD starting prize pool.

In the past, Cronos reached a peak value of 0.90 USD in the year 2021. We hold the belief that strategic collaborations and significant catalysts could lead to profitable investments for early backers. Although regaining a price of 0.90 USD is less probable but not impossible, Cronos offers an additional incentive: staking, which allows investors to earn passive income through holding the cryptocurrency.

14. Kaspa (KAS)

KAS

As a crypto investor, I would describe Kaspa as follows: I’m excited about Kaspa being the fastest open-source Layer-1 platform in the world. It provides me with decentralized and highly scalable solutions that are fully open-source.

As a crypto investor, I’d describe the world’s leading blockDAG as my go-to digital database that processes multiple blocks concurrently while ensuring swift transaction verification. Its robust infrastructure is built upon a reliable proof-of-work consensus mechanism, and it boasts lightning-fast one-second block intervals.

Non-technical version: Kaspa was introduced to the public on November 7, 2021, without any pre-sale of tokens to investors. The cryptocurrency market has shown significant interest in Kaspa since its debut.

As a crypto investor, I’ve noticed some intriguing comparisons being drawn between Kaspa and Solana, which has already reached an impressive market capitalization of 70 billion dollars. However, it’s essential to remember that these comparisons don’t automatically mean that Kaspa will attain the same value. Instead, I view it as an indication of Kaspa’s potential and a compelling reason for me to consider investing in this crypto now, despite its substantial market capitalization.

KAS has the potential for further expansion. While it’s currently traded on exchanges like KuCoin and a few others, listing it on major platforms such as Binance or Coinbase could significantly boost its growth.

15. zkSync (ZK)

ZKsync is a Layer-2 platform that accelerates and reduces costs for Ethereum transactions by handling them outside of the primary Ethereum network.

Zero-knowledge rollups (zk-rollups) act as additional lanes on a busy Ethereum highway, allowing more transactions to be processed off-site and thereby decreasing congestion on the main network.

ZKsync initiates transaction bundling through zk-rollups, gathering off-chain deals into groups instead of handling each one separately for improved efficiency.

As a crypto investor, I can tell you that after grouping my transactions together, ZKsync generates zero-knowledge proofs (ZKPs) for me to authenticate these batches. Subsequently, I submit these proofs to the Ethereum mainnet for verification. Once they are confirmed valid, my transactions get officially recorded on the blockchain, thereby enhancing their security and confirmation status while saving me on costs and improving processing times.

From the very beginning, there has been significant excitement surrounding this project, making it a strong contender for the future, particularly in the years leading up to 2024.

16. LayerZero (ZRO)

ZRO

LayerZero (ZRO) is a cryptocurrency initiative addressing a significant challenge in the blockchain world: facilitating communication amongst different blockchains. The goal of LayerZero is to construct interconnections between distinct projects, enabling the effortless exchange of data and assets across various networks.

As a crypto investor, I’m excited about the potential of this “chain of chains” solution, enabled by the innovative Ultra Light Nodes (ULNs). This approach could fundamentally transform the way different blockchains collaborate and interact with each other in the future.

As an analyst, I’d rephrase it as follows: Although LayerZero is a promising newcomer in the dynamic world of blockchain technology, its true value lies in its ability to facilitate omnichain applications. However, for LayerZero to thrive and reach its full potential, it needs to be embraced and integrated by various other blockchain networks.

Considering the potential rewards, investing in LayerZero puts you at the cutting edge of an intriguing innovation. However, be mindful that this emerging technology is still undergoing development, and the project’s long-term success is yet to be determined. Evaluate your risk appetite carefully before making a move. Keep in mind that LayerZero is a promising venture worth monitoring closely.

17. Akash Network (AKT)

AKT

Akash Network represents an innovative development in the field of cloud computing. By harnessing the power of blockchain technology, it builds an open-source and decentralized platform where cloud resources are bought and sold.

As a crypto investor, I’m excited about this “Supercloud” project that intends to shake up the conventional cloud services market. By providing faster, more efficient, and cost-effective access to fundamental computing resources, it sets itself apart from competitors.

Fundamentally, Akash Network facilitates the trade of computational resources, delivering a more effective, safer, and affordable alternative for both users and suppliers.

This platform executes operations such as transactions, staking, and governance utilizing its unique crypto token. By doing so, it encourages engagement and safeguards the platform’s security and authenticity. Due to its decentralized construction, it provides a clear and reliable setting for secure transactions, while preserving user privacy.

How We Analyzed the Best Cryptocurrency to Invest in 2024

For those considering investing in cryptocurrencies or earning crypto rewards, making the right choice can be challenging, especially for beginners. To help simplify the process, we’ll present several promising cryptocurrencies that showcase significant growth potential, taking into account various influential factors.

As a seasoned crypto investor, I’ve weathered through rough markets before. And let me tell you, there are certain patterns that tend to recur. Here’s what I look out for when evaluating a potential investment in cryptocurrencies:

The State of The Crypto Market in 2023 vs 2024

From my perspective as a crypto investor, it’s clear that we’re on the brink of another exhilarating bull market run in the crypto space, following nearly three years filled with unexpected twists and turns. However, let me remind you that our journey hasn’t been an easy one – the markets have faced numerous challenges, including lawsuits, new regulations for crypto projects, banking crises, and more.

In 2023, many cryptocurrency projects experienced a sluggish rebound. Therefore, it’s important to remain patient and see what the upcoming year brings in store for us.

Blockchain Technology Security and Transparency

It’s common knowledge that we support the use of blockchain technology. However, not every blockchain network delivers on safety, reliability, or valuable features like interoperability.

Additionally, the importance of security and transparency cannot be overstated in the world of cryptocurrencies. Poor governance or insufficient transparency can lead to significant losses, while the absence of these elements can make investments risky and potentially fraudulent. Therefore, conducting thorough research and due diligence before investing is crucial for a successful and secure crypto investing experience.

Utility and Adoption

Two key factors are crucial for any digital asset’s success. A strong cryptocurrency must secure a broad user base and offer a meaningful purpose within the market to maintain profitability, otherwise, its value could unexpectedly surge and potentially lead to financial losses.

Market Cap

A potential cryptocurrency candidate should possess a moderate market capitalization, allowing room for growth in the future. However, bear in mind that exceptions exist, and it’s crucial to examine additional metrics and factors before making an investment decision.

The Development Team

As a crypto investor, I firmly believe that the role of a project’s development team is one of the most significant factors to consider. A strong team is essential for the longevity of a crypto venture. They don’t abandon ship after an initial setback and possess the expertise needed to effectively manage their cryptocurrency.

Crypto Community

Cryptocurrency investors holding tokens play a significant role in the digital currency’s success. The more successful the cryptocurrency, the greater the returns for its token holders. Monetary gains are a substantial motivation for these investors, inspiring them to spread the word about their crypto among friends and online communities.

FAQ on The Best Cryptocurrency to Buy in 2024

What Crypto Will Do a 1000X in the Next Bull Market?

It’s a significant challenge to discover a cryptocurrency that increases by a thousandfold due to the early nature of the market. Few people manage this feat because they typically aren’t personally connected to the founder or have extensive industry connections. Most traders learn about a cryptocurrency after it has already experienced substantial growth, with price increases of 10x or even 20x.

Which Cryptocurrency Is Best to Invest in Now?

Based on your tolerance for risk, you have the option to choose between the less risky or more risky cryptocurrencies discussed in this article. However, it is essential to note that we cannot definitively suggest which one is best for you. The future of crypto markets can be unpredictable, and thorough research into each potential investment is crucial. Relying solely on others’ opinions should not be your sole basis for decision-making.

Which Crypto Coin Will Rise in 2024?

In the upcoming bull market, it’s uncertain which cryptocurrency will thrive in 2024; however, the coins we’ve mentioned hold significant growth potential. Many of these digital currencies boast robust teams with extensive experience, capable of propelling them to greater heights.

Will Bitcoin Reach $100,000 in 2024?

It’s uncertain whether Bitcoin will hit $100,000 by 2024, but history shows that the price of Bitcoin tends to rise during halving cycles. With Bitcoin undergoing its latest halving this year, we’ll have to wait and observe what transpires in the future.

Final Thoughts

As an analyst, I would advise against adopting a one-dimensional investment approach, no matter your preferred strategy. The time-tested principle is that you should never put all your resources into a single asset or market sector. Consequently, when it comes to investing in cryptocurrencies with varying risk profiles, it’s crucial to conduct thorough research and remain attuned to market sentiment and trends. Additionally, maintaining a balanced portfolio by avoiding over-investment in any one crypto is essential to minimize potential losses.

I’d like to emphasize that the information presented in this article shouldn’t be construed as financial advice. Before making any investment decisions related to cryptocurrencies or consulting a certified public accountant, it’s crucial that you conduct thorough research.

2024-07-09 16:37