17 Best Cryptocurrency to Invest in 2024 – Compare Top Crypto to Buy Now

Are you looking to gain exposure to cryptocurrencies but unsure which projects to invest in?

There are more than 25,000 cryptos available to purchase and while many offer the potential for massive gains, others turn out to be total failures or outright scams.

For both new and experienced crypto investors, the sheer size of the market can be overwhelming.

In this guide, we analyze the best crypto to buy now and over a wide range of projects to suit both short and long-term investors, from upcoming projects still in their presale stage to established favorites such as Bitcoin and Ethereum.

Read on to discover the top crypto assets for 2024.

Pepe Unchained ($PEPU)

• Pepe Unchained - the first meme crypto project running on its own Layer 2 blockchain with presale raising $210k within days.
• Offers early investors double the staking rewards currently over 22,000% APY.
• $PEPU's Layer 2 blockchain means reduced operational costs, faster speeds, and lower fees.

Project Launched

June 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit
• 
  BNB
• +1 more

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The Meme Games ($MGMES)

• Enter the Meme Games everyone's favorite meme characters such as Doge, Pepe, Brett, Turbo, and Dogwifhat
• Earn a 25% token bonus by entering the 169 meter dash when you purchase tokens in the presale
• Keep increasing your chances of winning big with multiple entries

Project Launched

July 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  BNB
• 
  Debit
• +1 more

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WienerAI ($WAI)

• WienerAI is a unique meme token merging the appeal of crypto memes with AI
• $WAI is an ERC20 token built on the Ethereum blockchain offering stakers rewards in excess of 100% p/a
• With a total supply of 69Bn tokens 30% has been allocated to the presale, which has already raised $7 million

Project Launched

April 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  BNB
• 
  Matic
• +1 more

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PlayDoge ($PLAY)

• PlayDoge brings real-life utility to the Doge meme scene with mobile-based P2E Tamagotchi-style game
• $PLAY hodlers can stake their tokens to earn passive rewards and earn XP and bonuses whilst caring for their virtual pet
• PlayDoge presale already raised over $200k within hours of launching

Project Launched

May 2024

Purchase Methods

• 
  BNB
• 
  USDT
• 
  Debit

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Shiba Shootout ($SHIBASHOOT)

• Viral community-driven meme coin project offering poker tournaments and treasure hunts with a crypto twist
• Generous referral program dubbed 'Posse Rewards' for referrer and new members to earn bonus $SHIBASHOOT tokens
• Buy and stake $SHIBASHOOT tokens for passive rewards at a rate of 125.5 per ETH block, disbursed over 2 years

Project Launched

April 2024

Purchase Methods

• 
  BNB
• 
  ETH
• 
  USDT
• 
  Debit
• +1 more

Learn More

Base Dawgz ($DAWGZ)

• Latest Base chain meme coin on a high-octane journey offering multi-chain interoperability and purchases.
• Unique share-to-earn mechanics allowing users to earn $DAWGZ tokens when relevant content is shared on social media.
• Right time, right place. $DAWGZ comes just in time as Base meme coins hit a market cap of $1.78 billion.

Project Launched

June 2024

Purchase Methods

• 
  BNB
• 
  ETH
• 
  SOL
• 
  AVAX
• 
  BASE
• +2 more

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Mega Dice Token ($DICE)

• Trending new GameFi Solana token $DICE raises over $600k since launch
• Offers $2,250,000 airdrop for casino players, as well as a 25% rev-share referral program
• Buy and stake $DICE tokens to earn daily rewards

Project Launched

April 2024

Purchase Methods

• 
  BNB
• 
  ETH
• 
  SOL

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99Bitcoins Token ($99BTC)

• First of a kind Learn-to-Earn crypto project that raised over $1 million within days of launching
• As a PoS token participants can buy and stake $99BTC tokens for passive rewards
• Token holders gain access to exclusive features including advanced courses and webinars

Project Launched

April 2024

Purchase Methods

• 
  BNB
• 
  ETH
• 
  Debit
• 
  USDT
• +1 more

Learn More

Sponge V2 ($SPONGE)

• 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

Project Launched

December 2023

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit

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DOGE2014 (DOGE2014)

• With DOGE's decade as meme-leader, DOGE2014 emerges to celebrate its longevity.
• Buy and stake DOGE2014 tokens for huge rewards distributed over 2 years.
• DOGE2014 tokens can be easily transferred to most EVM wallets within minutes.

Project Launched

June 2024

Purchase Methods

• 
  ETH
• 
  Tether
• 
  Debit

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SpacePay (SPY)

• 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
• 
  USDT
• 
  AVAX
• 
  BASE
• 
  BNB
• 
  Debit
• 
  USDC
• 
  Matic
• +5 more

Learn More

DTX Exchange ($DTX)

• Upcoming $1 million giveaway for presale participants
• Earn up to 15% when you take part in the presale
• Gain access to premium features like advanced analytics

Project Launched

April 2024

Purchase Methods

• 
  Bitcoin
• 
  BNB
• 
  DAI
• 
  Debit
• 
  ETH
• 
  SOL
• 
  USDC
• 
  USDT
• +5 more

Learn More

Race to a Billion

• 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.

Project Launched

June 2024

Purchase Methods

• 
  BNB
• 
  Debit
• 
  ETH
• 
  USDT
• +1 more

Learn More

A Closer Look at the Best Cryptocurrency to Invest in 2024

In the sections to follow, we evaluate the best cryptos for 2024.

1. Pepe Unchained – Best Pepe-Themed L2 Meme Coin Offers High Staking Rewards

Pepe Unchained ($PEPU) is a top meme coin that is built on Ethereum’s layer-two (L2) blockchain. It is inspired by the popular meme sensation Pepe but offers more benefits through its faster, cheaper, and more scalable L2 network. 

L2 chains allow the main blockchain to handle a higher volume of transactions, increasing the platform’s efficiency and reducing costs. Furthermore, the reduced operational costs allow Pepe Unchained to offer double the staking rewards compared to other projects. 

Therefore, this top cryptocurrency can offer an annual yield as high as 595% through the staking mechanism. From a total supply of 8 billion tokens, more than 2 million are already locked on the staking mechanism. 30% of the token supply will eventually be distributed as passive income to staked token holders. 

The fast transaction speeds can also help Pepe Unchained to become one of the best new coins in 2024. Due to these reasons, Pepe Unchained has raised over $3 million within a few weeks of its presale launch. 

Stay tuned for more project updates by going through the Pepe Unchained whitepaper and joining the Telegram channel.

7. Mega Dice – Utility Driven Casino Token Offering Impressive Benefits and Staking Rewards

One of the hottest cryptocurrencies to invest in right now is Mega Dice. Mega Dice is an established crypto casino generating more than $50 million in monthly revenue. Its in-house token, $DICE is currently earned by casino players and used to access exclusive in-game benefits and rewards.

Mega Dice is now launching the $DICE token on the open market meaning everyone has a chance to purchase.

By buying the $DICE token you qualify for a number of attractive rewards. Firstly, you can stake your $DICE token to receive daily passive rewards in line with casino performance. Secondly, all $DICE token holders qualify for a share of a $2.25 million air-drop. Limited edition NFTs will also be awarded to randomly selected $DICE token holders.

By getting in early and buying your $DICE tokens, you also qualify for early bird bonuses. Finally, anyone who refers a friend will be in line to receive a generous 25% share of revenue.

Buying the token is quick and easy. Simply head to the official website and connect your Metamask or Trust wallet. Choose how many $DICE tokens you wish to buy and click ok. You can use BNB, ETH, SOL or USDT.

To keep up to date with all the latest news and developments, be sure to follow the team on X and join the exclusive Telegram channel.

9. Doge2014 – ERC-20 Meme Token Created to Celebrate 10 Years of Dogecoin

Doge2014 ($DOGE2014) is a meme coin designed to commemorate the 10-year anniversary of Dogecoin. This ERC-20 token has launched on presale and is available at the same price that Dogecoin traded 10 years ago. 

Priced at $0.00027 per token, Doge2014 has raised $100K within a few days since the presale launched. This token offers meme coin enthusiasts the opportunity to celebrate the legacy of Dogecoin and offers further rewards to token holders through the staking mechanism. 

Once you purchase $DOGE2014 on presale, the tokens can be instantly staked to earn an APY as high as 13,000%. So far, over 51 million tokens are already staked on the staking mechanism. 

Doge2014 has a total supply of 100 billion tokens, out of which 25% will be distributed as staking rewards, and 60% are being allocated for the presale. 10% will be used to maintain liquidity, and the remaining 5% of the supply will be used for marketing purposes. 

For more information, read the Doge2014 whitepaper and join the Telegram channel. 

10. SpacePay – Next-Gen Crypto Payment Protocol Offers Monthly Token Airdrops

SpacePay ($SPY) is a revolutionary decentralized protocol that facilitates crypto payments at retail locations. It offers its terminal-agnostic payment protocol which can process seamless and straightforward crypto transactions. 

Customers can make payments by scanning a QR code on the SpacePay device and connect with over 325 crypto wallets. Merchants can receive the funds in their local currency. This device will tap into a market of 400 million customers who trade digital assets. 

To earn further benefits, users can purchase $SPY, the native token. SpacePay will introduce a revenue-share model and allocate a portion of its earnings to token holders. $SPY holders get monthly voting rights, where they can vote on crucial proposals and new initiatives. 

Every month, SpacePay distributed $SPY tokens via airdrops to the most active platform users. Currently, this new token is priced at $0.00162 during this presale round, but this will increase in stages The presale is allocating 6.8 billion tokens, which comprises 20% of the total 34 billion token supply. 

In a few days, the SpacePay presale has raised $260K. Read the SpacePay whitepaper and join the Telegram channel to learn more about this project. 

11. Race to a Billion ($BDJ) – Blockchain-based F1 Prediction Platform with High Staking APY

Race to a Billion ($BDJ) is a blockchain-based platform that combines the excitement of Formula 1 racing with prediction markets. Users can stake $BDJ tokens to earn rewards and participate in predicting race outcomes.

The platform aims to revolutionize F1 fan engagement using blockchains. It allows users to predict the top 10 finishing positions and compete for an end-of-season jackpot. The $BDJ token has a total supply of 2.5 billion, with 40% allocated to the presale.

Early buyers can get its native $BDJ tokens for just $0.0076. At the time of writing, they can also earn a high 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.

12. Polygon – Layer 2 Solution for Ethereum – Increasing Scalability to 65,000 Transactions per Second

Polygon was launched in 2019 with a simple objective – to help Ethereum-based projects to increase scalability, speed, and cost-effectiveness.

In a nutshell, ERC20 projects ‘bridge’ to the Polygon network, while remaining on the Ethereum blockchain. This increases the efficiency of ERC20 projects considerably.

For instance, Polygon can handle up to 65,000 transactions per second. While the Ethereum network can currently handle just 12 transactions per second. Additionally, Polygon transactions take just two seconds to process. What’s more, Polygon transaction fees are much lower than Ethereum.

In light of this, the Polygon ecosystem now boasts over 200 ERC20 projects. This includes everything from Chainlink, Render, and Decentraland to Aave, Dai, and Gala. To operate within the Polygon ecosystem, projects pay fees in MATIC. This is Polygon’s native token and it currently has a market capitalization of $6.3 billion. This is 70% lower than its all-time high.

13. Chainlink – Connecting Blockchains and the Real-World With Reliable Data

Chainlink is an established crypto project that connects blockchains with real-world data. Ordinarily, blockchains can only obtain data from within their respective ecosystems.

This prevents blockchains from accessing real-world information – something that will be crucial in the Web 3.0 space.

Chainlink solves this issue through ‘Oracles’. Put simply, Oracles obtain data from online sources and feed it back into blockchain smart contracts. Chainlink Oracles are decentralized and data is only considered after it has reached consensus. This ensures that data is free from manipulation and inaccuracies.

For example, suppose Chainlink provides flight information to an insurance-based smart contract. It will check thousands of data providers in real-time to ensure the information is correct beyond doubt. Developers pay fees to use Chainlink Oracles, settled in LINK tokens. LINK is currently valued at $3.8 billion – 80% below its former peak.

14. Ethereum – Large-Cap Smart Contract Ecosystem Supporting Over 450,000 ERC20 Tokens

Launched in 2015, Ethereum is the most valuable cryptocurrency after Bitcoin. As per CoinMarketCap data, Ethereum currently has a market capitalization of over $220 billion.

Its decentralized framework enables developers to build and execute smart contracts. More than 450,000 ERC20 tokens have built their ecosystems on top of Ethereum.

Some of the most recognized ERC20 projects include Tether, USD Coin, Shiba Inu, Dai, the Sandbox, Decentraland, and Enjin. Whenever an ERC20 transaction goes through the Ethereum network, fees are paid in ETH. This creates demand for ETH, making it one of the best cryptocurrency to buy now for utility.

Ethereum also has a solid investment thesis – especially at current prices. For instance, while investors will currently pay around $1,800 per ETH, this is over 60% below its all-time high. Additionally, the Ethereum Foundation is working on many core improvements to the network. This includes a significant increase in scalability and a decrease in GAS fees.

15. Cosmos – Market Leader in Interoperability – Enabling Blockchains to Communicate and Share Data

Cosmos is the best coin to invest in preparation for Web 3.0. After all, blockchains are expected to play a major role in the next generation of the internet.

But currently, blockchains can only share data within their own networks. This limits the real-world use cases for blockchain.

This is where Cosmos comes in. It has developed the Inter-Blockchain Communication protocol, which supports blockchain ‘Interoperability’. Put simply, this enables multiple blockchains to communicate and share data. This means Web 3.0 technologies – like crypto, NFTs, and the metaverse, can operate across multiple networks.

For example, an Ethereum NFT can obtain data from the Solana ecosystem. Or XRP tokens can transfer data to Cardano. Cosmos is fueled by ATOM, its native crypto token. ATOM currently has a market capitalization of just under $3 billion. That said, during the prior bull market, ATOM was valued at over $10 billion. This offers a discounted price of over 70%.

16. Bitcoin – Long-Term Store of Value With a Discounted Entry Price of Over 55%

Bitcoin is the most recognized crypto asset globally. According to CoinMarketCap data, Bitcoin has generated gains of over 4.7 million percent since 2011.

At its peak, Bitcoin was valued at over $1.2 trillion. Currently, Bitcoin is trading over 55% lower, giving it a market capitalization of approximately $565 billion.

This offers a great entry price for investors. After all, the next Bitcoin halving event is expected in April 2024. This is often the catalyst for a new, extended rally – considering the Bitcoin mining reward is reduced by 50%. Bitcoin is also considered a great store of value. Its supply is predictable and limited – capped at 21 million BTC.

Unlike other stores of value – such as real estate and gold, Bitcoin is easily transferred. It can also be fractionalized into small units, making it accessible to all budgets. Bitcoin is also used as a hedge against hyper-inflationary currencies, such as the Turkish lira and Argentine peso. Most importantly, Bitcoin is completely decentralized and is not controlled by any government.

17. Stellar – Financial Inclusivity for the Unbanked With Fast and Low-Cost Global Transfers

Stellar is an established cryptocurrency that was launched in 2014. It has its own blockchain network, which is one of the most efficient in the market.

For instance, Stellar can handle up to 1,500 transactions per second. It has an average block confirmation time of 5-6 seconds and fees cost just 0.00001 XLM (about $0.0000013).

Stellar has many use cases, especially for people living in the developing world who do not have access to basic financial services. According to the World Bank, more than 1.4 billion people are still without access to a bank account. This means that people rely on third-party remittances more than ever.

The Stellar network cuts out the middleman and drastically reduces fees and transfer times. In other words, beneficiaries receive the vast majority of their remittance payments. Stellar is also suitable for companies needing to make cross-border payments. IBM and MoneyGram, for instance, have already partnered with Stellar.

Stellar’s native cryptocurrency, XLM, currently has a market capitalization of $3.8 billion. This is over 75% below its former all-time high. As such, XLM is the best crypto to buy now for a hugely discounted entry price.

How to Decide Which Cryptocurrency is Best for You

It is important to know that not all cryptocurrency investments will generate profits. Bitcoin, for example, has shown incredible gains over its lifecycle but investors who bought during the 2021 bull run now hold an asset that is more than 50% down from its all-time high.

BTC may well recover to reach new all-time highs but it is not guaranteed – cryptocurrency is a highly volatile asset class and many projects see huge gains only to fall away and fail to ever recover.

Therefore, research is absolutely crucial when selecting the best crypto to buy now and investors should also be aware of their own tolerance for risk and budget before investing in any token.

Here’s what to consider when searching for the best upcoming ICOs.

Does the Token Have Utility?

A good starting point is to evaluate the utility of a crypto token. In simple terms, utility refers to the token’s use case.

Over time, a token’s utility can increase demand, especially for non-crypto investors.

In contrast, some crypto tokens do not have any utility. While they can still generate investment gains, the target market is smaller. This is because people will only buy the respective token for speculation, rather than any identifiable use cases.

Meme coins are the most obvious example of this, with that particular crypto niche existing solely on hype, community interest, and FOMO (fear of missing out).

Several meme coins such as Pepe, Wojak, and Sponge have made incredible headlines in 2023 after returning thousands of percent in profits for early buyers. There are dozens more, however, that have failed and left investors with nothing.

Does the Project Have a Sizable Community?

Some crypto projects have had unparalleled success because of a large community following. After all, token holders are incentivized to promote their crypto investments to the broader market.

This means sharing and liking posts on social media and spreading the word on Reddit and other forums – this can quickly create hype and FOMO, meaning more people invest in the project.

Shiba Inu is a great example of a cryptocurrency that witnessed huge growth without any identifiable use cases. Due to the size of its community, Shiba Inu became a multi-billion dollar cryptocurrency within a year of its presale.

Does the Crypto Project Solve Any Existing Problems?

When choosing the best crypto investments, investors should research what problems the project solves, if any. This can help the project grow as more people become aware of the solution.

Word of caution – many crypto projects have highly ambitious objectives and while they might claim to have a solution for a real-world problem, this isn’t always the case.

The project might need several years to achieve its goals, if they ever achieve them at all, which increases the risk significantly.

Again, proper research and due diligence comes into play. Even if a project promises to solve a major issue, does it have a plan and the capability to do so?

What is the Upside Potential of the Crypto?

The upside potential is extremely difficult to ascertain with any certainty, after all, the crypto markets are unpredictable and often irrational.

For instance, at its peak, Shiba Inu had a market capitalization of $38 billion. This means Shiba Inu was worth more than the majority of US-listed companies, despite its limited real-world utility.

Shiba Inu has since added various utilities to its ecosystem – including its own layer-2 blockchain, decentralized exchange, NFT collection and metaverse – but its price has struggled to recapture those highs of early 2021.

Nonetheless, the market capitalization is one of the most effective ways to assess the upside potential of a crypto.

For example, while Bitcoin is one of the best crypto to buy now, it is already valued at over $500 billion. Similarly, Ethereum is currently valued at over $200 billion.

There is still an upside on these large-cap cryptocurrencies, and they are considered much safer than newer coins, but gains will be limited when compared to smaller projects.

This is why presales are so attractive to crypto investors. After the presale finishes, the majority will be listed on exchanges with a market capitalization of under $10 million. If the project then takes off, it can appreciate rapidly.

As an example, BTC20 recently launched on exchanges having sold out its $6 million presale in just two weeks – the token then pumped 500% from $1 to almost $6 within three days of its listing.

Bitcoin, on the other hand, would need to reach a price of around $160,000 to make a 500% gain.

While that’s definitely possible in the future, it could take years because of the sheer size and volume needed for a move to that price, before even considering the resistance it would face on the way up as other investors took profits.

Are There Any Bear Market Discounts Available?

Bear market discounts are highly attractive. They enable investors to ‘buy the dip’ when the broader markets are down. In other words, the best cryptocurrencies to invest in can be purchased at a huge discount.

This strategy is also used in the stock market. For example, in early 2020, the S&P 500 declined from 3,380 points to just 2,304 points in a week. Those buying the dip would have secured a discount of over 30%. Since then, the S&P 500 has hit highs of 4,607 points, translating to growth of almost 100%.

Currently, the majority of cryptocurrencies are also trading at a huge discount. This has been the case since the markets peaked in late 2021.

Bitcoin and Ethereum, for instance, are trading at over 55% and 60% below their all-time highs. In turn, now could be a smart time to start buying quality cryptocurrencies while prices are still low.

Does the Project Have Notable Partnerships or Endorsements?

The cryptocurrency markets are very reactive – especially when a positive news development is announced. For example, if a project secures a promising partnership with an established company. Or if a public figure endorses a specific cryptocurrency.

Crucially, this often gives a crypto project credibility. For example, Stellar has formed partnerships with IBM and MoneyGram, which highlights that its payments network offers real-world value and is valued by globally recognizable firms.

Important Considerations When Looking for the Best Cryptocurrency to Invest in

The risk-reward spectrum of cryptocurrencies is much higher than the stock market, which means that while the upside potential is high, so are the risks.

Before investing, consider the important points discussed below.

Evaluate Affordability

After choosing the best crypto to buy right now, one of two things can happen, the investment can either yield a profit or a loss.

Investors should, therefore, ensure that they are only investing money they can afford to lose.

So before investing, it’s wise to do some calculations on everyday expenses, such as rent, food, and taxes and take all of that into account before setting an investment budget.

As outlined in the risk profile box above, some investors will have more spare cash than others based on wide variety of factors and financial responsibilities.

Independent Research is Crucial

Never buy a cryptocurrency because of third-party advice. While analysts can help with insights and predictions, these should be taken with a grain of salt, with many influential players in the industry being paid to offer positive opinions.

Instead, take these recommendations as a prompt to look further into a project and then carry out independent research.

This will ensure that the crypto investment is made in an informed manner. There are many ways to research the viability and potential of a cryptocurrency. This includes the project’s whitepaper, which should outline its goals and unique selling points.

If the cryptocurrency is already established, consider reading relevant news stories. CoinMarketCap can also be used to analyze the financials, such as market capitalization and real-time pricing.

Create a Diversified Portfolio

Seasoned investors will need to build a diversified portfolio as it reduces project-specific risks. In essence, do not put all your eggs in one basket.

• For example, consider an investor who went all-in on FTX Token near its peak of $77.
• Currently, the investor’s crypto portfolio would be down 98%.
• An experienced investor might have allocated just 5% of their portfolio to FTX Token.
• The balance would have been made up of other cryptocurrencies.
• This means that the FTX collapse wouldn’t have had a major impact on their overall portfolio.

The specific breakdown of a portfolio will depend on the investor’s risk profile. For example, some investors will allocate a small percentage to cryptocurrencies and the rest to other assets. This might include index funds and stocks.

Either way, the crypto-portion of the portfolio should be well diversified. For instance, if the investor has $1,000 to invest, they could buy 20 different cryptocurrencies at $50 each. Or 10 cryptocurrencies at $100 each, etc.

Create a Suitable Investment Strategy

There are many different ways to buy and sell cryptocurrencies. Investors should choose a suitable strategy for their goals and risk tolerance.

For example, some investors prefer buying and holding crypto tokens long-term. This often means ignoring short-term trends and buying more tokens when prices are cheap. This strategy is ideal for beginners and those looking to invest passively.

Alternatively, some investors prefer trading cryptocurrencies, taking advantage of market volatility.

However, this requires knowledge of chart analysis and technical indicators, which won’t suit newbies and takes a while to master.

Get Ready for Volatility and Unpredictability

Cryptocurrencies are still a new concept, especially when compared to stocks and other assets. This makes it a lot more difficult to predict market cycles. The speculative side of cryptocurrencies is also an issue.

The markets are extremely volatile, which can be intimidating for novice investors. Irrespective of the crypto being purchased, volatility cannot be avoided.

Investors must be prepared to see their portfolio rise and fall rapidly, and over short periods of time.

While timing the markets is often impossible, investors should have an exit strategy in place – cashing out a percentage of gains once the crypto hits a specific price to ensure some gains are earned.

Is Now a Good Time to Buy Crypto?

Similar to other financial markets, even the most successful investors find it difficult to predict broader cycles. This is especially the case in the volatile crypto markets. For example, Bitcoin peaked at over $68,000 in late 2021.

It has since hit lows of around $16,500 in December 2022, a decline of approximately 75%, but in July 2023 returned to almost $32,000, a gain of 90% in those seven months.

The key point is that predicting these wild highs and lows is beyond realistic for most, even industry experts make poor calls and are unable to confidently pick when Bitcoin and other cryptos will improve or decline.

With this in mind, rather than trying to time the market, it might be best to dollar-cost average (DCA) crypto investments.

This is a strategy where investors buy a small amount of crypto every week or month. When the markets are declining, the investor will buy crypto at a lower price point. And when the markets are rising, the investor will see their portfolio grow.

It will mean that short-term volatility has a lesser affect on a portfolio and is more in line with a longer-term strategy. This strategy should be used in conjunction with diversification.

Another option is to fully capitalize on the crypto bear market. For instance, some investors will ‘double down’ when prices are low, as they are right now. This enables investors to buy the best cryptos at a huge discount.

This strategy will pay off if the chosen cryptocurrencies regain their prior highs during the next bull run. But of course, there are no guarantees that this will happen and prices can always drop lower than they currently are.

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.

In our view, Pepe Unchained ($PEPU) is the best crypto coin to buy now. This Pepe-themed meme token offers dynamic staking rewards and is built on the efficient and high-speed L2 Ethereum blockchain.

References

• https://coinmarketcap.com/view/polygon-ecosystem/
• https://crypto.com/company-news/global-cryptocurrency-owners-grow-to-425-million-through-2022
• https://dashboard.stellar.org/
• https://twitter.com/elonmusk/status/1636924379086077954
• https://www.independent.co.uk/news/business/gamestop-share-price-reddit-hedge-fund-melvin-capital-b1793543.html
• https://coinmarketcap.com/currencies/polygon/
• https://blockchair.com/ethereum/charts/transactions-per-second
• https://coinmarketcap.com/view/polygon-ecosystem/
• https://coinmarketcap.com/currencies/chainlink/
• https://coinmarketcap.com/currencies/ethereum/
• https://www.worldbank.org/en/news/feature/2022/07/21/covid-19-boosted-the-adoption-of-digital-financial-services
• https://coinmarketcap.com/currencies/shiba-inu/

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