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Looking for the best crypto to buy right now? From meme tokens with sky-high staking rewards to innovative play-to-earn platforms, this guide covers all the crypto investments for 2024.
Whether you’re into Wall Street Pepe’s trading signals or Catslap’s community-engaging meme game, we’ve got you covered. Don’t miss out on these top picks, and explore your next investment opportunity today.
- Hold $WEPE to get access to Wall Street Pepe's exclusive trading insights and signals
- Become a trading alpha and join the Wepe Army
- Earn even more by submitting your best trades and staking $WEPE
BNB
Debit
ETH- +1 more
- Stake all the top meme coins on one platform
- Earn staking APY of over 5,000% for staking $STARS
- $STARS holders get 3x the rewards
- ETH
USDT- BNB
- +1 more
- Enjoy super low transaction fees in the Best Wallet ecosystem by holding $BEST
- Best Wallet users get early access (and the lowest price point) to the Best Wallet Token presale
- Have a say in the Best Wallet roadmap by voting on Governance proposals
- BNB
- Debit
- ETH
- +1 more
- Cat themed meme coin here to dethrone the top dogs
- Stake $SLAP tokens to earn high rewards
- Fair launch straight to DEX meaning everyone has access
- USDT
- Debit
- ETH
- Innovative Vote-to-Earn protocol where users can vote on the projects direction and earn $FLOCK
- Decentralized meme coin puts power back in the hands of the community
- Earn a huge ROI by staking $FLOCK tokens
- ETH
- USDT
- BNB
- +1 more
- Pepe Unchained - the first meme crypto project running on its own Layer 2 blockchain
- Viral presale has raised $11 million with staking rewards currently at 175% APY for early investors
- $PEPU's Layer 2 blockchain means reduced operational costs, faster speeds, and lower fees
- ETH
- USDT
- Debit
- +1 more
- Hot Meme Coin Project With Play to Earn Utility and Staking
- Price has Pumped 10x in Last Month, Rumored to be Listing on Binance
- Over 12k Holders and Growing
- ETH
- USDT
- Debit
- First decentralized meme coin index with community governance
- Invest in four different meme coin baskets depending on your risk tolerance
- Meme coin with serious staking rewards and yield farming options
- ETH
- BNB
- Debit
- +1 more
- Collect POKE characters in this Pokemon-style game
- Tap-2-Earn mechanics let you play and earn $POKE
- Integrated with Telegram for easy access
- USDT
TON
- Layer-2 Solution for Dogecoin blockchain with huge staking rewards
- Bridge instantly from Ethereum to Dogecoin with cheap transaction fees
- Meme coin bringing DeFi to the Dogecoin universe
- ETH
Tether- BNB
- +1 more
- Invest in luxury rental cars from prestigious brands like Lamborghini, Ferrari, and Mercedes-Benz
- Earn monthly rental income in USDT, paid on the first of every month
- Dreamcars is the first Web3 platform where you can buy, sell, and trade shares in supercars starting at just $10
- ETH
- BNB
- World's first crypto payment protocol that integrates efficiently with card machines, making crypto payments widely accessible.
- Through a user-friendly payment APK, SpacePay lets customers buy with crypto while allowing merchants to receive funds in their local fiat.
- SpacePay's native governance token, SPY, gives holders access to airdrops, exclusive features, as well as voting rights and quarterly connect webinars.
- ETH
- USDT
- AVAX
- +5 more
- State-of-the-art crypto project allowing users to predict F1 racing outcomes to earn rewards.
- Early presale investors can stake-to-earn tokens with dynamic rewards currently over 6,800% p/a.
- 40% of total supply (2.5Bn) is allocated to the presale, with over $140k raised already.
- BNB
- Debit
- ETH
- +1 more
- Stake $LHUNT and earn a portion of every LuckHunter casino transaction from the Co-Owner Pool
- Enjoy reduced fees on transactions, withdrawals, and in-game purchases on the LuckHunter Casino
- Holders can get early access to new games, exclusive features, and premium events
- ETH
- Tether
- BNB
- +2 more
What Is the Best Crypto to Buy Into Right Now?
- Wall Street Pepe ($WEPE) – Best meme coin offers trading signals and strategies
- Crypto All-STARS ($STARS) — Best crypto for staking all your favorite meme coins in one place
- Best Wallet Token ($BEST) — Best crypto that’s native to a multi-chain wallet with high staking APY
- Catslap ($SLAP) — Best crypto for meme coin enthusiasts looking for a cat-themed game
- Flockerz ($FLOCK) — Best crypto for full control and high rewards, powered by its holders
- Pepe Unchained ($PEPU) — Best crypto for high-yield staking and lightning-fast transactions
- Sponge V2 ($SPONGE) — Best crypto for SPONGE fans seeking high APYs and play-to-earn rewards
- SpacePay ($SPY) — Best crypto for seamless retail payments with rewards
- POKE ($POKE) — Best play-to-earn Telegram game with various prizes and game mechanics
- Dreamcars ($DCARS) — First-ever crypto platform for luxury car share ownership
- Dogesquared ($DOGE2) — Best L2 crypto for accessing low-cost transactions
- Race to a Billion ($BDJ) — Best crypto for F1 Fans
- BTC Bull ($BTCBULL) — Best crypto for Bitcoin backers
- WOBS ($WOBS) — Best crypto for meme enthusiasts and savvy traders
- Wall Street Pepe ($WEPE) — Best crypto for meme coin traders
- Bitcoin ($BTC) — Best crypto to buy by market capitalization
- Ethereum ($ETH) — Best crypto for developers and investors seeking sustainable innovation and future growth
- Tether ($USDT) — Best crypto for stability and liquidity
- BNB ($BNB) — Best crypto for low-fee transactions
- Solana ($SOL) — Best crypto for fast, affordable dApps and Web3 innovation
- Toncoin ($TON) — Best crypto for diversifying your portfolio with massive potential
A Closer Look at the Best Cryptocurrencies to Invest in Today
In the sections to follow, we evaluate the best cryptos for 2024.
1. Wall Street Pepe ($WEPE) – Best Meme Coin For Accessing Trading Strategies and Staking Rewards
Basic Information
- Token Supply: 200 billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.000203
- Purchase Methods: ETH, USDT, BNB, Card
- Whitepaper
Wall Street Pepe ($WEPE) is redefining the meme coin landscape by empowering everyday investors to challenge Wall Street elites. This innovative project blends humor with utility, providing token holders access to exclusive trading insights and strategies to navigate the volatile meme coin market. With a strong narrative and community focus, $WEPE fosters collaboration through its private WEPE Army group, setting it apart from typical meme coins.
The presale has quickly gained traction, raising over $1.2 million in just days. Out of the 200 billion total token supply, 40 billion are reserved for the presale, while 12% are allocated for staking rewards. Currently, investors can stake $WEPE to earn an impressive annual yield of 445%.
With its unique utility, thriving community, and robust presale success, Wall Street Pepe is shaping up to be a standout meme coin for 2024. Learn more via the Wall Street Pepe whitepaper and joining the Telegram channel.
Pros
Cons
2. Crypto All-Stars ($STARS) — Best Crypto for Staking All Your Favorite Meme Coins in One Place
Basic Information
- Token Supply: 42 million
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.0014887
- Purchase Methods: ETH, USDT, BNB, Card
- Whitepaper
Crypto All-Stars ($STARS) is a fresh addition to the meme token space and aims to be a unifying platform for staking all the top meme coins. Following a successful presale that’s raised over $6.4 million in just a few weeks, this project offers several early access rewards for willing participants.
The first-ever MemeVault is the multi-chain staking protocol that powers the Crypto All-Stars ecosystem and allows users to stake the most iconic meme coins in one place. Holding and staking $STARS, the project’s native token, investors gain an additional 3x APY in staking rewards.
At the time of writing, $STARS can be purchased for $0.001639 per token. The project accepts USDT, ETH, BNB, or credit card payments for $STARS tokens.
When MemeVault launches, Pepe, Doge, Shiba Inu, and eight other popular meme coins will be supported for staking. Join their Telegram channel for the latest updates.
Pros
Cons
3. Best Wallet Token ($BEST) — Best Crypto That’s Native to a Multi-Chain Wallet with High Staking APY
Basic Information
- Token Supply: 10 billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.022825
- Purchase Methods: ETH, USDT, BNB, Card
- Whitepaper
Best Wallet Token ($BEST) is a revolutionary wallet token built on Ethereum that aims to capture 40% of the crypto wallet market share by 2026. As the first crypto wallet to use Fireblocks MPC-CMP technology, Best Wallet offers high security and a seamless multi-chain experience.
The project has already gained significant traction, with over 70,000 cross-platform followers in just six months. The $BEST token offers low transaction fees, exclusive presale access, and high-yield staking opportunities. With a growing airdrop community of 7,000+ users completing over 75,000 quests, the ecosystem shows strong community engagement.
Best Wallet provides secure, direct access to vetted presales via its ‘Upcoming Tokens’ portal to eliminate third-party risks. The platform aims to raise $10 million through its ongoing presale phase. At the time of writing, you can buy $BEST for just $0.022825.
Pros
Cons
Basic Information
- Token Supply: 9 billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.00239653
- Purchase Methods: ETH, USDT, Card
- Whitepaper
Catslap is a trending community-driven meme coin with a feline figurehead. Upon release, $SLAP, the native cryptocurrency and cat-themed token, was directly listed on the Uniswap decentralized exchange (DEX). This fair launch showed the transparency of the meme coin project, along with its 99 DEXTscore.
Additionally, the meme token launched with a $1 million market cap, showing strong investor sentiment from the start. $SLAP aspires to follow and even succeed in the performances of other cat-inspired meme coins like $MOG, $POPCAT, and $MEW.
With 20% of the total $SLAP supply reserved for staking, users with $SLAP holdings can also stake the native cryptocurrency and earn 40% annual rewards.
For more of the latest news on Catslap, follow the meme coin on X and join the Telegram community.
Pros
Cons
5. Flockerz ($FLOCK) — Best Crypto to Invest in for Full Control and High Rewards
Basic Information
- Token Supply: 12 billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.0061015
- Purchase Methods: USDT, ETH, BNB, Card
- Whitepaper
Flockerz ($FLOCK) is a meme coin with massive potential. Its governance is shared among token holders, who have the final say, not the developers. By voting in the decentralized autonomous organization (DAO), token holders earn rewards.
This makes $FLOCK unique in that the entire project is in the hands of the token holders. Token holders can vote on decisions such as marketing strategies, token burns, new features, and more.
This could be why investors are loading up while $FLOCK is sold at a lower price during its presale. Use ETH, BNB, USDT, or a card to make a purchase. If you want to stake your tokens, there’s a generous APY of over 642% dynamic.
Purchases made on the Binance network aren’t eligible for staking, meaning you have to buy it with ETH or USDT to be able to stake it.
Pros
Cons
6. Pepe Unchained ($PEPU) — Top Crypto for High-Yield Staking and Lightning-Fast Transactions
Basic Information
- Token Supply: 8 billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.01295
- Purchase Methods: ETH, USDT, BNB, Card
- Whitepaper
Pepe Unchained ($PEPU) is a top meme coin built on Ethereum’s Layer-2 (L2) blockchain, inspired by the popular Pepe meme. Its L2 network offers faster, cheaper, and more scalable transactions. This efficiency allows Pepe Unchained to provide double the staking rewards compared to other projects.
Therefore, this top crypto to buy can offer an annual yield as high as 60% through the staking mechanism. Of the total supply of eight billion tokens, more than two million are already locked in the staking mechanism. Thirty percent of the token supply will eventually be distributed as passive income to staked token holders.
The fast transaction speeds can also help Pepe Unchained become one of the best crypto coins in 2024. For these reasons, its presale has raised over $55 million so far.
Pros
Cons
7. Sponge V2 ($SPONGE) — Best Crypto for SPONGE Fans Seeking High APYs
Basic Information
- Token Supply: 150 billion
- Blockchain: Binance Smart Chain
- Token Type: ERC-20
- Price: $0.000018
- Purchase Methods: MATIC, USDT
- Whitepaper
In the summer of 2023, $SPONGE surged to a $100 million market cap, fueled by its association with SpongeBob SquarePants. Launched in May, it quickly became a sensation. Although its value later declined, the introduction of Sponge V2 ($SPONGEV2) aims to rejuvenate the community.
Transitioning to $SPONGEV2 involves a stake-to-bridge mechanism where original $SPONGE holders must withdraw their stakes before the current pool closes. They can then stake in the new V2 smart contracts to earn $SPONGEV2 as a bonus.
Once $SPONGE is staked in the V2 contract, it is irreversible. This offers potentially high APYs of up to 19% over four years, with over 22 billion tokens already locked.
Additionally, Sponge’s upcoming play-to-earn racing game, detailed in the whitepaper, will launch after the V2 tokens, allowing holders to earn more $SPONGE via online competitions.
Follow Sponge on X, Telegram, and Discord to stay updated on the V2 launch and staking benefits.
Pros
Cons
8. POKE ($POKE) — Best Crypto for Play-to-Earn Fans on Telegram
Basic Information
- Token Supply: 15.1 billion
- Blockchain: TON
- Token Type: Jetton
- Price: $0.006
- Purchase Methods: TON, USDT
- Whitepaper
POKE ($POKE) is the latest token presale. It is the utility token within a play-to-earn game on Telegram. This game follows the tapping style of Notcoin, where you level up by tapping. The beta version is planned to launch in Phase 3 when the token presale ends.
Additionally, the team plans to add various features, including an online casino for fun and excitement and gameplay that utilizes NFTs. The rarity of these NFTs will determine the airdrop rewards you will earn.
Investors can buy the $POKE token at a discount during the presale. But unlike most presales on the Ethereum blockchain, POKE uses TON, which means you need a Compatible wallet.
After the presale ends, the $POKE token will launch on centralized and decentralized exchanges, allowing holders to cash out or buy more to use within the game.
The total token supply is capped at 15 billion tokens. One-third, or 30%, is allocated for the presale, and another 30% for the play-to-earn rewards. Marketing initiatives get 20% allocation, and 10% each gets liquidity and project finance.
For more information, be sure to read the whitepaper, and follow POKE on X to get the latest updates.
Pros
Cons
Basic Information
- Token Supply: 100 million
- Blockchain: Binance Smart Chain
- Token Type: BEP-20
- Price: $0.0105
- Purchase Methods: ETH, USDT, BNB
- Whitepaper
Dreamcars ($DCARS) is revolutionizing the luxury car rental industry by introducing the first-ever platform where users can purchase fractional ownership in high-end vehicles using crypto. The project aims to democratize access to luxury car investment opportunities.
Pros
Cons
10. SpacePay — Best Crypto for Seamless Retail Payments With Rewards
Basic Information
- Token Supply: 34 billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.00191
- Purchase Methods: ETH, BNB, USDT, Card
- Whitepaper
SpacePay ($SPY) is a decentralized protocol for crypto payments at retail locations. It enables seamless transactions via QR codes and connects with over 325 crypto wallets, allowing merchants to receive funds in local currency. This system targets 400 million digital asset traders.
Users can purchase $SPY, the native token, to earn additional benefits. SpacePay will introduce a revenue-share model, allocating a portion of earnings to token holders. $SPY holders gain monthly voting rights on key proposals.
Active users receive monthly $SPY airdrops. During the presale, the tokens are currently priced at $0.00191, but the price will increase in stages. The presale allocates 6.8 billion tokens, 20% of the total 34 billion supply.
In a few days, the SpacePay presale has raised $260k. To learn more about this project, read the SpacePay whitepaper and join the Telegram channel.
Pros
Cons
11. Dogesquared – Best L2 Crypto For Increasing Transaction Speeds
- Token Supply: 5 Billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.008
- Purchase Methods: ETH, BNB, USDT, Card
Dogesquared ($DOGE2) is a next-gen layer-two (L2) solution that aims to make Dogecoin more scalable and efficient. The platform will initially leverage the Ethereum blockchain – using its zk-rollup technology to bundle transactions to access greater speed and efficiency.
Eventually, Dogesquared will migrate to the Dogecoin network to allow token holders to access ultra-cheap transactions as well as DeFi tools and DApps (Decentralized applications). $DOGE2, the native token, is currently priced at $0.008 per token on presale.
From a 5 billion token supply, 50% is being allocated through the presale round. Early presale investors get governance access via voting rights and can win exclusive NFT rewards. Another 15% of the token supply will be allocated via staking rewards. At press time, investors can earn an APY of 23,000%.
For more information, read the Dogesquared whitepaper and join the Telegram channel.
Pros
Cons
12. Race to a Billion ($BDJ) — Best Crypto to Buy Now for F1 Fans
Basic Information
- Token Supply: 2.5 billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.008
- Purchase Methods: ETH, BNB, USDT, Card
Race to a Billion ($BDJ) is a blockchain platform merging Formula 1 racing with prediction markets. Users can stake $BDJ tokens to predict race outcomes and earn rewards.
The platform engages F1 fans by allowing predictions on the top 10 finishes, competing for an end-of-season jackpot. With a total supply of 2.5 billion tokens, 40% are allocated to the presale.
Early buyers can purchase $BDJ tokens for $0.008 and earn a staking APY of nearly 6,200%.
Investors can buy and stake $BDJ tokens during the presale, and rewards will be distributed over two years. The roadmap outlines five phases: ICO launch, exchange listings, platform launch, jackpot implementation, and market expansion. The project also plans to eventually diversify into other sports markets.
To keep up with the latest project updates, you can follow Race to a Billion on X (Twitter) and join its Telegram group.
Pros
Cons
13. BTC Bull ($BTCBULL) — Best Crypto for Bitcoin Backers
Basic Information
- Token Supply: 21 million
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: $0.0005
- Purchase Methods: ETH, BNB, USDT, Card
- Whitepaper
BTC Bull ($BTCBULL) is a new meme coin that recently launched a presale. The BTC Bull Token is currently priced at just $0.0005 in presale and can be held to receive huge airdrop rewards and staking benefits.
The success of the BTC Bull Token is connected to the rising price of Bitcoin. Every time BTC increases its all-time high by $10k, a portion of the BTC Bull Token supply will be burnt. For example, when Bitcoin reaches $80k, BTC Bull will conduct a token-burning event.
Furthermore, 10% of the 21 million BTC Bull Token supply will be airdropped as soon as Bitcoin hits $100k. Thus, BTC Bull Token, in a way, rewards token holders for believing in the power of Bitcoin.
$BTCBULL can also be staked on the ecosystem to generate passive income. At press time, the BTC Bull Token can be staked to generate an annual yield of more than 25,000%. While 50% of the token supply will be distributed through the presale, 10% will be offered through staking rewards.
For more information, you can join the Telegram channel.
Pros
Cons
14. WOBS Token ($WOBS) — Best Crypto for Meme Enthusiasts and Savvy Traders
- Token Supply: 200 billion
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: TBA
- Purchase Methods: ETH, BNB, USDT, Card
The Wolf of Bull Street Token ($WOBS) is a hilarious meme coin that is named after the popular Martin Scorcese film – Wolf of Wall Street. With the recent launch of the WOBS presale, the project is allocating the native token to the general public for the first time.
The WOBS Token aims to launch a decentralized exchange that offers competitive trading rates, trading pairs, and provides up to 200x leverage on trades. Those who purchase tokens through the WOBS presale can benefit by getting low trading fees on the DEX.
Furthermore, investors can buy tokens via the WOBS presale and stake their holdings to start generating passive income. Staking pools will provide 20% of the total 200,000,000,000 $WOBS supply.
Currently, 50% of the total token supply is being distributed through the WOBS presale. Another 20% will be used for marketing strategies, and 10% will be used to maintain liquidity.
Pros
Cons
15. Wall Street Pepe ($WEPE) — Best Crypto for Meme Coin Traders
- Token Supply: N/A
- Blockchain: Ethereum
- Token Type: ERC-20
- Price: TBA
- Purchase Methods: ETH, BNB, USDT, Card
The Wall Street Pepe ($WEPE) is a crypto project that uses the Pepe meme combined with decentralized finance. This will be a unique meme coin with its own decentralized exchange (DEX) for meme coin trading.
$WEPE token holders will get benefits on the DEX, such as low transaction fees. Those who support the exchange by providing liquidity will earn airdrop rewards.
The Wall Street Pepe Presale is about the begin, allowing early investors to buy the token at a discount. Every few days, the token price will go up, giving early birds the best deal. Once the presale ends, all $WEPE tokens will be available for claiming. The DEX should launch soon after the presale ends.
Pros
Cons
16. Bitcoin — Best Crypto to Buy by Market Capitalization
Basic Information
- Token Supply: 21 million
- Blockchain: Bitcoin
- Price: $64,023
- Purchase Methods: Bank account, credit and debit card, + more
- Whitepaper
Bitcoin is the most popular cryptocurrency, with a market cap of over $1.1 trillion. BTC has experienced significant jumps and drops in value since its inception. However, this cryptocurrency is still considered to be the number 1 coin for investors. Due to the recent BTC halving event, we believe that its price will exceed its previous record of $73,000 by reaching a new ATH.
At the time of writing, BTC trades at $60,728, which makes it a good investment for long-term investors. October and November have been the strongest months for BTC so far, which is why many crypto analysts believe that BTC could hit the $74,000 mark in October.
Pros
Cons
17. Ethereum — Best Crypto for Developers and Investors Seeking Sustainable Innovation and Future Growth
Basic Information
- Token Supply: 120.38 million
- Blockchain: Ethereum
- Price: $2,491
- Purchase Methods: Bank account, credit and debit card, + more
- Whitepaper
Ethereum is the second most popular cryptocurrency. Its blockchain hosts 3,000 decentralized apps. This coin also reduced its impact on the environment by switching from the PoW to the PoS consensus.
Although ETH has high gas fees, this coin is a good investment for both crypto traders and developers due to its multiple use cases. For example, developers can use the Ethereum blockchain to create smart contracts, DeFi tools, and Web3 apps. Moreover, the SEC recently approved eight spot Ethereum ETFs, which will further increase its value.
ETH’s average price during September was $2,466, while its current price is $2,352. Its market cap amounts to $283 billion, making it the second-largest cryptocurrency in the world. Ethereum has been in a bearish sentiment since March 2024. However, if BTC reaches its ATH by the end of the year, this will also affect ETH, which could trade between $2,555 and $3,550.
Pros
Cons
18. Tether — Best Crypto for Stability and Liquidity
Basic Information
- Token Supply: 119.68 billion
- Blockchain: TRON
- Token Type: TRC-20
- Price: $1
- Purchase Methods: Credit card, debit card, bank account, Apple Pay or Google Pay, + more
- Whitepaper
Tether is a stablecoin with the highest trading volume among its peers. USDT’s 24-hour trading volume stands at $61 billion, five times more than the second-most popular stablecoin, USDC. Tether also has the largest market cap — $119.65 billion. This comes as no surprise since Tether was the first to use the stablecoin model.
USDT tokens run on multiple blockchains, from Bitcoin and Ethereum to Solana and Polygon. All tokens are pegged at a 1:1 ratio to their pegged fiat currency, which includes the US dollar, Euro, Mexican peso, and offshore Chinese yuan. Tether is a good investment since this cryptocurrency is very stable. In fact, during the extreme market volatility, its value rarely exceeds 0.2%.
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19. BNB — Best Crypto for Low-Fee Transactions
Basic Information
- Token Supply: 200 million
- Blockchain: BNB Smart Chain
- Token Type: BEP-20
- Price: $576
- Purchase Methods: Bank account, credit and debit card, + more
- Whitepaper
BNB is a native token of Binance, the crypto exchange with the largest 24-hour trading volume. This token was created to enable its users to pay lower fees and gain exclusive access to ICOs. Today, the BNB token powers the BNB Chain, one of Ethereum’s main competitors. Like Ethereum, the BNB Chain supports the development of dApps. However, its on-chain transaction fees are much lower. Moreover, it can process more blocks per second.
BNB uses the BEP-20 token standard, which is used by many other cryptocurrencies, such as USDT, USDC, and CAKE. In 2020, Binance bought CoinMarketCap, which led to wider adoption of the BNB token. BNB is currently the cryptocurrency with the fourth largest market cap. At the time of writing, the BNB token trades at $541, while its value could reach $700 by the end of 2024.
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Cons
20. Solana — Best Crypto to Invest in for Fast, Affordable dApps and Web3 Innovation
Basic Information
- Token Supply: 468.59 million
- Blockchain: Solana
- Price: $148
- Purchase Methods: Bank account, credit and debit card, + more
- Whitepaper
Solana is a cryptocurrency that, like BNB, has a native network. This project aims to fix the scalability issues associated with the Ethereum network. On that note, Solana offers cheaper and faster solutions for dApps. This blockchain also uses two consensus mechanisms — Proof of History (PoH) and Delegated Proof of Stake (DPoS). This allows it to process 50,000 transactions per second.
Solana’s network is used by many new meme coin projects, dApps, and Web3 games, which enabled it to surpass ETH in 24-hour NFT sales volume. That said, SOL currently trades at $139. However, crypto analysts believe that by the end of 2024, SOL could trade between $159,001 and $244. Strategic partnerships, technological development, and innovative solutions will also contribute to Solana’s jump in value.
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21. Toncoin — Best Crypto for Diversifying Your Portfolio With Massive Potential
Basic Information
- Token Supply: 2.54 billion
- Blockchain: TON
- Price: $2.54B
- Purchase Methods: Credit/debit cards, Apple Pay, Google Pay, bank account transfers, e-wallets, + more
- Whitepaper
Toncoin is a crypto project developed by Telegram in 2018. Telegram abandoned the project in 2020, after which the TON Foundation took over. Today, Tonecoin is part of The Open Network.
What makes TON unique is its ecosystem, which incorporates hybrid PoS consensus and Byzantine Fault Tolerance to enable fast transactions. Moreover, Toncoin has multiple use cases. Its holders can use it to conduct transactions, pay fees, earn staking rewards, and vote. This coin can also be integrated into multiple blockchains and dApps, and it supports many Web3 services, from gaming to DeFi. This makes it suitable for mass adoption.
Toncoin is a good long-term investment since its number of unique token holders jumped to 32 million in June 2024. This represents a 1000% increase compared to last year. This led to TON reaching its ATH of $8.24 on June 15, 2024. At the time of writing, Toncoin trades at $5.36, while its price could jump to $7 by the end of 2024.
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What Are Cryptocurrencies?
Cryptocurrencies are digital assets that are not controlled by a single entity as they use a decentralized system. This means that cryptocurrencies don’t rely on financial institutions. Instead, they use a P2P system that enables anyone to conduct transactions on the blockchain. All transactions are anonymous, and they are stored in crypto wallets.
Cryptocurrencies use cryptography to record transactions. This technique converts data from plain to cyphered text, making crypto transactions unreadable to unauthorized parties. The first cryptocurrency, Bitcoin, was created in 2009, and today, there are more than 2.4 million cryptocurrencies.
Types of Cryptocurrencies
There are many types of cryptocurrencies. The most notable include:
Altcoins, aka alternative coins, refer to all cryptocurrencies that are alternatives to BTC. The most popular altcoins are ETH, BNB, SOL, and XRP. Meme coins are cryptocurrencies created as a joke on popular altcoins. Their design often includes meme characters and animated animals. The goal of these coins is to create hype and short-term gains. They also have a large community. The most popular meme coins include DOGE, SHIB, and PEPE. Stablecoins are digital currencies that aim to stabilize the price of cryptocurrencies. They are tied to real-world assets, like fiat and gold, at a 1:1 rate, which means that their price will be the same as the price of the real-world asset that’s tied to them. The most popular stablecoins are USDT, USDC, BUSD, and PAXG. Governance tokens enable their holders to shape the future of crypto projects by giving them the right to vote. For example, they can vote on new features and protocol updates. A greater number of tokens equals greater voting power. The most popular governance tokens include UNI, AAVE, MKR, and CAKE. The goal of the privacy token is to enable untraceable transactions. The most popular privacy coins are Monero, Zcash, and Dash. NFTs are unique digital assets whose purpose is to confirm ownership and authenticity. They represent tokenized real-world assets, such as real estate, art, and music.
Risks and Benefits of Investing in Crypto
Cryptocurrencies enable people to conduct digital transactions in a decentralized way, that is, without the need for intermediaries. This eliminates a single point of failure. Moreover, crypto transfers are much faster than bank transactions. They cannot be deleted or changed, and they can be tracked in real time. Other benefits of investing in crypto include:
- Protection from inflation
- Diversity
- Accessibility
- Privacy
- High return potential
On the other hand, even the best cryptocurrencies are very volatile, which makes them high-risk investments. The price of cryptocurrencies can rise and fall sharply in one day. Furthermore, blockchains are subject to a 51% attack. A 51% attack occurs when a single entity or a group controls 50% of the network. This means that attackers will be able to halt payments, reverse non-confirmed transactions, etc.
However, the biggest risk of investing in cryptocurrencies is associated with regulatory issues. Each country has different laws regarding cryptocurrencies. For example, they are illegal in Saudi Arabia and China. This lack of regulation makes cryptocurrencies vulnerable to fraud and money laundering.
How to Pick the Best Crypto to Invest In
If you want to find the best crypto to buy, pay attention to the following factors:
Are Cryptocurrencies Taxable?
Yes, investors will have to pay taxes on their crypto transactions if they realize a gain. I.e., if the value of the token is higher than it was when it was first purchased. For example, if you buy a token for $2,000 and sell it for $4,000, you’ll have to pay taxes on the $2,000 gain. In the case of receiving cryptocurrencies as a payment, they’ll be taxed as business income.
The tax rate will be based on two factors: the length of time you have owned the cryptocurrency and your annual income.
Cryptocurrency taxable events include:
- Selling cryptocurrencies for fiat
- Exchanging cryptocurrencies for goods and services
- Exchange cryptocurrency for another crypto
- Receiving cryptocurrency as a payment
- Claiming crypto rewards for mining or staking activities
- Claiming crypto airdrops
Are Crypto Investments Worth It?
The answer will depend on your trading goals and risk tolerance. On that note, investing in the best crypto to buy is a time-consuming activity that’s not suitable for beginners. Although investing in cryptocurrencies can make you a millionaire overnight, you can also lose everything in a short period of time. As mentioned before, cryptocurrencies are very volatile, which makes them risky. This is why you should never invest more than you can afford to lose.
You can reduce risk by diversifying your crypto portfolio. Moreover, you should follow crypto trends and market sentiment to assess which projects have a potential for growth.
How We Evaluated Best Crypto to Buy
Our team evaluates each cryptocurrency using the following criteria:
Conclusion
In summary, we have cleared the mist on the best crypto to invest in in 2024. However, investors should still do their own research and ensure they create a well-diversified portfolio. But, which crypto to buy, in our opinion?
We consider Wall Street Pepe ($WEPE) the best crypto to buy. This Pepe-themed meme token offers dynamic staking rewards and trading signals.
