10+ Best Crypto to Buy Today — March 21, 2025

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 2025.

Whether you’re into BTC Bull Tokens’ BTC airdrop rewards 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.

  • 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
Project Launched
November 2024
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +1 more
  • 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
Project Launched
December 2024
Meta
Meme
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • Debit
    Debit
  • USDT
    USDT
  • +1 more
  • 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
Project Launched
November 2024
Meta
Meme
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +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
Project Launched
November 2024
Meta
Meme
Purchase Methods
  • USDT
    USDT
  • Debit
    Debit
  • ETH
    ETH
  • 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.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • AVAX
    AVAX
  • BASE
    BASE
  • BNB
    BNB
  • Debit
    Debit
  • USDC
    USDC
  • Matic
    Matic
  • +5 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
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • Collect POKE characters in this Pokemon-style game
  • Tap-2-Earn mechanics let you play and earn $POKE
  • Integrated with Telegram for easy access
Project Launched
November 2024
Purchase Methods
  • USDT
    USDT
  • TON
    TON
  • 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
Project Launched
September 2024
Meta
Gambling
Purchase Methods
  • ETH
    ETH
  • Tether
    Tether
  • BNB
    BNB
  • Matic
    Matic
  • Debit
    Debit
  • +2 more

What Is the Best Crypto to Buy Into Right Now?

Trending Today 🔥Most Popular 💎
  1. Solaxy ($SOLX) — Best crypto for Layer-2 Solana blockchain solution
  2. BTC Bull ($BTCBULL) — Best crypto for Bitcoin backers and airdrop rewards
  3. MIND of Pepe ($MIND) — Best AI agent for crypto trading and investing
  4. Best Wallet Token ($BEST) — Best crypto that’s native to a multi-chain wallet with high staking APY
  5. Meme Index ($MEMEX) — Best for meme coin baskets, simplifying meme coin investing
  6. Catslap ($SLAP) — Best crypto for meme coin enthusiasts looking for a cat-themed game
  7. Harry Hippo ($HIPO) — Best crypto for meme potential and play-to-earn game mechanics
  8. SpacePay ($SPY) — Best crypto for seamless retail payments with rewards
  1. Bitcoin ($BTC) — Best crypto to buy by market capitalization
  2. Ethereum ($ETH) — Best crypto for developers and investors seeking sustainable innovation and future growth
  3. Tether ($USDT) — Best crypto for stability and liquidity
  4. BNB ($BNB) — Best crypto for low-fee transactions
  5. Solana ($SOL) — Best crypto for fast, affordable dApps and Web3 innovation
  6. Toncoin ($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. Solaxy ($SOLX) — Best Crypto for Layer-2 Solana Blockchain Solution


Basic Information

  • Token Supply: 138 billion
  • Blockchain: Ethereum
  • Token Type: ERC-20
  • Price: $0.001646
  • Purchase Methods: ETH, BNB, SOL, USDT, Card
  • Whitepaper
ROADMAP

Stage 1

  • Fundraising
  • Staking
  • Solaxy development

Stage 2

  • TGE
  • Exchange listing
  • Bridging tokens to Solaxy
  • Solaxy development

Stage 3

  • Solaxy development
TOKENOMICS

solaxy tokenomics

Solaxy ($SOLX) is one of the top cryptocurrencies to buy now due to its massive use case as a Solana Layer-2 blockchain. This innovation tackles significant limitations associated with Solana, including congestion, failed transactions, and scalability challenges.

A major advantage of $SOLX is that it is a multi-chain token, seamlessly connecting Ethereum’s deep liquidity with Solana’s high efficiency. This cross-chain functionality means that $SOLX appeals to a much broader user base by bridging two of the most active blockchain ecosystems.

The $SOLX presale offers tokens at the best prices to early investors. As the presale phases advance, prices rise gradually, offering early participants the chance for greater returns. Moreover, staking opportunities during the presale enable investors to earn rewards while contributing to the network’s growth. Currently, the dynamic APY of staking $SOLX tokens stands at 172%.

Beyond its technical achievements, Solaxy is tailored for the fast-paced meme coin trading market, offering unmatched speed and scalability needed for high-volume transactions. Its zero-downtime architecture ensures seamless performance, while the fully customizable infrastructure empowers developers to build diverse, decentralized applications.

For more information, you can join the Telegram channel.

Pros

  • Solana Layer-2 blockchain with no congestion
  • Merges Ethereum liquidity with Solana’s fast and cheap transactions
  • Staking rewards come with an APY of 172%

Cons

  • Solana’s new Firedancer validator client planned for release in the future could make Layer-2s obsolete

2. BTC Bull Token ($BTCBULL) — Best Crypto for Bitcoin Backers


Basic Information

  • Token Supply: 21 billion
  • Blockchain: Ethereum
  • Token Type: ERC-20
  • Price: $0.00238
  • Purchase Methods: ETH, BNB, USDT, Card
  • Whitepaper
ROADMAP

Project Milestones

  • BTC $125k — Token Burn
  • BTC $150k — Bitcoin Airdrop
  • BTC $175k — Token Burn
  • BTC $200k — Bitcoin Airdrop
  • BTC $225k — Token Burn
  • BTC $250k — BTCBULL Airdrop
TOKENOMICS

btc bull tokenomics

BTC Bull ($BTCBULL) is a new meme coin that recently launched a presale. The BTC Bull Token is currently priced at just $0.00238 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, a portion of the BTC Bull Token supply will be burnt. For example, when Bitcoin reaches $125k, BTC Bull will conduct a token-burning event.

Furthermore, 10% of the 21 billion BTC Bull Token supply will be airdropped as soon as Bitcoin hits $150k and $200k. 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 158% dynamic. 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

  • Token burn milestones
  • 10% of its total token supply will be allocated towards early buyers once BTC hits the $250k mark
  • Staking rewards come with an APY of 158%

Cons

  • Depends on BTC and its price fluctuations

3. MIND of Pepe ($MIND) — Best AI Agent for Crypto Trading and Investing


Basic Information

  • Token Supply: 21 billion
  • Blockchain: Ethereum
  • Token Type: ERC-20
  • Price: $0.0033992
  • Purchase Methods: ETH, BNB, USDT, Card
  • Whitepaper
ROADMAP

Stage 1

  • Token presale launch
  • Community building campaign
  • Staking deployment

Stage 2

  • Token launch
  • Token distribution
  • Exchange listing

Stage 3

  • Mind of Pepe AI agent activation
  • Innovating and integrating with different platforms
  • Blockchain integration
TOKENOMICS

mind tokenomics

MIND of Pepe ($MIND) brings a fresh approach to the meme coin space by integrating AI that delivers real-time intelligence into the hands of retail investors. In a world where market data can be overwhelming, this project acts as a personal guide, offering users access to opportunities others might miss.

The AI agent behind $MIND works by engaging with top influencers and online communities on social media, identifying trending topics, and translating massive data sets into actionable opportunities.

This constant analysis ensures that $MIND holders receive timely market intelligence, keeping them prepared for shifts in the crypto world. By providing more intelligent tools for navigating market complexities, MIND of Pepe ensures investors stay ahead of the curve.

The $MIND token fuels the entire MIND of Pepe ecosystem, providing users early access to its unique AI-driven benefits. The presale is underway, and early adopters can enjoy dynamic staking rewards of 331%.

For more information, you can join the Telegram channel.

Pros

  • Advanced AI agent that can autonomously navigate social media
  • Real-time insights for token holders
  • Staking rewards come with an APY of 331%

Cons

  • Staking APY is dynamic and drops as more tokens are staked

4. 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: $0.0241
  • Purchase Methods: ETH, USDT, BNB, Card
  • Whitepaper
ROADMAP

Stage 1

  • Token Presale Launch
  • Multi-Chain Support
  • Advanced Security Features

Stage 2

  • Best DEX Integration
  • Cross-Chain Swaps
  • Airdrop Campaign

Stage 3

  • Best Card Launch
  • Staking Platform
  • Portfolio Management
TOKENOMICS

BEST Tokenomics

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 $0.0241.

Pros

  • First wallet with Fireblocks MPC-CMP technology
  • Multi-chain support for 60+ chains
  • Exclusive presale access feature

Cons

  • Operates in a highly competitve wallet market

5. Meme Index ($MEMEX) — Best for Meme Coin Baskets, Simplifying Meme Coin Investing


Basic Information

  • Token Supply: 15 billion
  • Blockchain: Ethereum
  • Token Type: ERC-20
  • Price: $0.0165556
  • Purchase Methods: ETH, BNB, USDT, Card
  • Whitepaper
ROADMAP

Stage 1

  • Token presale launch
  • Staking deployment

Stage 2

  • Token launch
  • Presale staking ends

Stage 3

  • Meme indexes go live
  • $MEMEX holders can stake their tokens

Stage 4

  • Expanding the platform
  • DAO goes live
TOKENOMICS

memex tokenomics

Meme Index ($MEMEX) is stepping up its game in the meme coin investment space by offering a diversified approach that mitigates the inherent volatility of individual meme coins. By providing access to four distinct indexes — Titan, Moonshot, MidCap, and Frenzy — investors can tailor their exposure based on risk tolerance and market insights.

This structure simplifies portfolio management and enhances potential returns by spreading risk across a curated selection of meme assets.

A standout feature of Meme Index is its community-driven governance model. $MEMEX token holders can vote on including and removing meme coins within the indexes, ensuring the platform remains dynamic and aligned with current market trends.

The ongoing success of the $MEMEX presale, which has raised over $3.8 million, reflects strong investor interest and confidence in the platform’s innovative approach. Early participants benefit from staking opportunities with attractive annual percentage yields.

For more information, you can join the Telegram channel.

Pros

  • Meme coin baskets for seamless meme coin exposure
  • Various meme coin baskets depending on risk profile
  • Staking rewards come with an APY of 592%

Cons

  • Meme coins are inherently volatile

6. Catslap ($SLAP) — Best Crypto for Meme Enthusiasts Looking For The Next Viral Cat Token 


Basic Information

  • Token Supply: 9 billion
  • Blockchain: Ethereum
  • Token Type: ERC-20
  • Price: $0.00080022
  • Purchase Methods: ETH, USDT, Card
  • Whitepaper
ROADMAP

Stage 1

  • Project Development
  • Token Deployment
  • Token Audits
  • DEX Launch

Stage 2

  • SLAP Staking Launch
  • Collaborative Partnerships
  • Slapometer Competitions

Stage 3

  • “Slap Up” The Meme Competition
  • CEX Listings
  • Reach $100M Market Cap
TOKENOMICS

Catslap tokenomics

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

  • Straight-to-DEX release already with a $1 million market cap
  • Earn 40% staking APY
  • Highly engaging and globally competitive meme game

Cons

  • No current way of earning $SLAP through the built-in meme game

7. Harry Hippo — Best Crypto for Meme Potential and Play-to-Earn Mechanics


Basic Information

  • Token Supply: 15 billion
  • Blockchain: Ethereum
  • Token Type: ERC-20
  • Price: $0.005725
  • Purchase Methods: ETH, BNB, USDT, Card
  • Whitepaper
ROADMAP

Stage 1

  • Fundraising
  • Establishing the Harry Hippo brand

Stage 2

  • Development
  • Partnerships
  • CEX listing

Stage 3

  • Release of Harry Hungry Hipo game
  • Staking rewards and in-game token utility

Stage 4

  • AI-powered play-to-earn insights
  • NFT integration
  • Top tier CEX listing

Stage 5

  • Scale the game into GameFi and metaverse
  • Establish the $HIPO token as a top-tier meme coin
TOKENOMICS

harry tokenomics

Harry Hippo ($HIPO) is one of the best cryptocurrencies to buy now, offering a unique mix of entertainment and real-world utility. The project centers around Harry Hungry Hipo, a play-to-earn game that allows users to stake tokens and earn rewards, blending gaming excitement with income opportunities.

A key factor behind $HIPO’s investment appeal is its AI-powered insights and NFT integration. These features enhance gameplay and create additional avenues for profit. AI tools help users make smarter decisions, while NFTs offer exclusive, tradable assets that add value within and beyond the platform.

Early investors can stake their tokens to earn 601% APY, with rewards distributed at the end of the presale.

The Harry Hippo presale has raised $1.4 million so far. To learn more about this project, read the Harry Hippo whitepaper and join the Telegram channel.

Pros

  • Raised over $1.4 million in a presale
  • Play-to-earn game with NFTs
  • AI-powered insights

Cons

  • Strong competition in the meme coin and play-to-earn space

8. 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
ROADMAP

Stage 1

  • Fundraising

Stage 2

  • Development
  • User Feedback

Stage 3

  • Regulatory Compliance
TOKENOMICS

best crypto to buy - spacepay tokenomics

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

  • Secured $750,000 from private investors
  • Won the New Payment Platform of the Year award
  • Compatible with 325+ wallets

Cons

  • Its success will depend on crypto regulations

9. 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

  • Widely accepted
  • Cryptocurrency with the largest market cap
  • High ROI

Cons

  • Highly volatile

10. 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

  • The second-largest cryptocurrency
  • Strong institutional interest in Ethereum ETFs
  • Leader in blockchain innovation

Cons

  • High transactional fees

11. 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%.

Pros

  • Largest daily trading volume
  • Widespread acceptance
  • Maintains a constant value

Cons

  • Lack of regulatory compliance

12. 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.

Pros

  • Low transaction fees
  • BNB token holders can qualify for Binance’s VIP program
  • Strong community support

Cons

  • BNB is a centralized token managed by Binance

13. 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.

Pros

  • Fast and cheap transactions
  • High throughput capacity
  • Large support from developers

Cons

  • Unlimited supply may lead to inflation risks

14. 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.

Pros

  • Growing adoption
  • Real-world use cases
  • It can be integrated with Telegram

Cons

  • Not available on many exchanges

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

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

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

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

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.

  • Privacy tokens

The goal of the privacy token is to enable untraceable transactions. The most popular privacy coins are Monero, Zcash, and Dash.

  • Non-fungible tokens

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:

  • Project’s goal and use cases. Each crypto project offers solutions for specific issues, from scalability to security. To find out the project’s goals, check out its whitepaper. In it, you’ll find all the information about its development team and their vision, roadmap, and tokenomics system. A project with achievable goals and multiple use cases has a higher chance of success. Avoid projects that base their success on hype and speculation, as they bring only short-term gains. They can also indicate a rug pull.
  • Market cap and liquidity. The market cap represents the total value of all minted coins. A high market cap shows that a project has high liquidity. This makes it more stable. On the other hand, new projects with a low market cap will enable early investors to get the highest ROI. However, these projects may lack liquidity, which makes them more volatile.
  • Technology and security. Opt for projects that use cutting-edge technology, from AI and AR to cloud computing. Moreover, give an advantage to projects that utilize strict security measures, such as 2FA and data encryption, and those that regularly audit their smart contracts.
  • Community. A project with a strong community has a higher chance of becoming successful than one with a small number of unique token holders. Strong community engagement will help the project attract more users and expand its ecosystem. Strategic partnerships will also help the project become more sustainable.

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:

  • Legitimacy.  We make sure that all cryptocurrencies we write about comply with legal and regulatory requirements.
  • Development Team. We research the team behind the project to ensure it’s 100% transparent. We give an advantage to developers who have successful projects behind them. This helps us separate the good from the bad actors.
  • Price Potential. We try to predict how certain cryptocurrencies will perform in the future based on their market cap, price history, and total supply.
  • Liquidity and Trading Volume. We favor tokens with high liquidity and a high 24-hour trading volume. This makes them less volatile and easier to trade.
  • Community and Support. Strong community support shows that the crypto community believes in a project’s growth potential. This is why we always check their social media metrics, i.e., the number of followers and subscribers. We also check their Discord and Telegram channels to find out how their members engage.

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 Solaxy ($SOLX) the best crypto to buy. This is a meme coin with Solana Layer-2 blockchain utility.

FAQs

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About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Elliott Lee
Crypto Journalist

Elliott is a British cryptocurrency journalist and copywriter. Having spent recent years immersed in crypto, he now covers the most impactful cryptocurrency trends, writing for outlets like Techopedia, Crypto News and Business2Community. He looks for projects with long-term visions and is a huge believer that blockchain technology can solve the world's most pressing issues.

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