Sponge V2, a new version of the Sponge token, is our next top pick for the best crypto to buy. This iteration builds upon the success of Sponge, a meme token that skyrocketed by 100x in 2023. For those who missed the initial wave, SpongeV2 presents a fresh opportunity to net Sponge tokens. Furthermore, the team behind Sponge V2 tells us that a Play to Earn (P2E) game is also in the pipeline for this new and improved token.

Sponge V2 is already surpassing its predecessor in performance. Sponge V1 launched at $0.000025, whereas V2 already has a price of $0.002755, marking a remarkable 11021.72% increase. The $SPONGE team aims to deliver another 100x return to investors and secure listings on premier crypto exchanges such as Binance and OKX.

43.09% of the total $SPONGE token supply is reserved for staking rewards with a further 8% earmarked for the upcoming P2E game. However, with the presale proving exceptionally popular, it is recommended that anyone interested in purchasing $SPONGE doesn’t waste any more time.

Presently, there is $28,559,220.67 worth of SPONGE tokens staked and bridged, with an attractive APY of 174%. For a limited time, new $SPONGE investors will also receive a 100% purchase bonus in V2 tokens.

To buy, you just have to connect your wallet through either Metamask or Wallet Connect. You use either USDT, MATIC, ETH or debit card. Once the $SPONGE tokens are in your wallet, you can bridge and stake for rewards; however, tokens bought with MATIC won’t be eligible for staking.

• Amount Raised: $28 million
• Use Case: Staking and meme coin
• Chain: Ethereum

Visit Sponge Presale

7. BlastUp (BLP) – L2 Crypto Token Gives Access to New Projects Through its Launchpad

BlastUp ($BLP) is a community-backed and trusted launchpad for early-stage and new projects on the Blast ecosystem. 

$BLP tokens can be staked on the BlastUp ecosystem to earn a high yield. Staked token holders are also rewarded with high interest, for taking part in new IDO projects through the launchpad. 

BlastUp implements staking tiers, through which users can earn a portion of funds generated through the new projects. 20% of the funds are offered to the three lowest staking tiers. The other 80% is offered to the top three tiers. To be a part of the three highest staking tiers – stake between 20,000 to 150,000 $BLP tokens. 

On the ecosystem, one can also access Booster Points. Holders of over 1,000 Booster points can earn exclusive NFTs and ETH token rewards. These points are earned by purchasing $BLP and taking part in community-driven programs on BlastUp. 

This top crypto has raised nearly $5 million since the presale launched. From a total supply of 1 billion, 20% will be offered through the presale. Join the BlastUp Telegram channel and follow BlastUp on Twitter for more information. 

• Amount Raised: $5 million
• Use Case: Staking, Access to NFTs and ETH
• Chain: Ethereum

Visit BlastUp

8. Dreamcars (DCARS): Trending New Project allowing Fractional Ownership of Luxury Cars

Dreamcars is next on our list of best cryptos. The project allows you to own fractional shares of some of the best luxury cars like Rolls Royce, Lamborghini, and Ferrari.

Users can get started for as low as $10 and own a part of these luxury cars. Each small piece of the car you own will be in the form of an NFT. It’s worth noting that these NFTs are safe and backed by real cars that are fully insured.

One of the main features of Dreamcars is that when people rent the cars, the owners of the NFTs get paid daily. So, instead of luxury cars losing value over time, they can help you make passive income.

Dreamcars uses blockchain to make sure everything is secure. Every NFT is linked to the actual car purchase information, like the car’s unique number, so there’s a permanent record that can’t be changed. 

You can also track how the value of each NFT has changed over time and set alerts for certain prices. You can even use your NFTs to get loans with good rates. Interested buyers can join the Dreamcars Telegram group and follow it on X (Twitter) for the latest updates.

• Amount Raised: $250K
• Use Case: Staking
• Chain: Binance

Visit Dreamcars

9. BNB (BNB): Gain Exposure to the Binance Ecosystem   

Launched in 2017, BNB is a large-cap crypto backed by the Binance exchange. As such, this is the best crypto to buy now for exposure to Binance’s continued growth. Although Binance was recently fined $4 billion for money laundering offenses, it still dominates the crypto exchange industry. For instance, over $40 billion changed hands on Binance in the prior 24 hours. 

Over the same period, Coinbase volumes were just over $5.5 billion. Another benefit is that BNB currently trades at a discount from its all-time high. Some analysts believe that BNB could record new highs during the next bull run. 

Binance offers an aggressive yet sustainable burning program. During the most recent quarterly burn, more than $453 million worth of BNB was removed from circulation. Burns are funded through Binance exchange profits, ensuring long-term sustainability. Binance will continue its quarterly burning program until the original BNB supply is reduced by 50%. 

• Market Cap: $91 billion
• Use Case: Reduced Binance exchange commissions. Ecosystem currency for the Binance Smart Chain. Payments.    
• All-Time High: $690.93

10. Solana (SOL): Potential Ethereum Killer With 1-Year Gains of 250%   

Solana is a potential Ethereum Killer. This is because Solana is a significantly more efficient smart contract blockchain. Not only in terms of scalability but speed and fees. According to Solana, smart contract fees cost just $0.00025 per transaction. The network is currently handling over 2,800 transactions per second. 

In contrast, Ethereum is handling about 30. Moreover, Solana claims that the average block confirmation time is under 400 milliseconds. This makes Solana an attractive destination for decentralized applications (dApps). Whether that’s metaverses, NFT marketplaces, decentralized exchanges, or P2E games, Solana has the capacity for mass adoption. 

All smart contract deployments require fees, paid in SOL. This offers a solid use case. SOL is also one of the best cryptocurrencies to invest in for performance. Since SOL was launched in 2020 it has increased by over 10,000%. In the prior 12 months, SOL has risen by more than 250%. That said, a 66% discount is still available, based on its prior all-time high.  

• Market Cap: $76 billion
• Use Case: Proprietary currency for paying smart contract fees on the Solana blockchain    
• All-Time High: $260.06

11. Ripple (XRP): Undervalued Liquidity Currency for Large Financial Institutions     

Ripple is already a large-cap crypto, currently valued at almost $38 billion. However, some analysts believe that Ripple is massively undervalued. This is because of the product; the Ripple network allows banks to transfer funds internationally without high fees and slow processing times. This is even the case for illiquid currencies from emerging nations. 

Virtually all currency pairs can be exchanged via the Ripple network in seconds. Fees amount to micro-cents, regardless of the amount. XRP provides cross-border payments with liquidity, ensuring a solid long-term use case. Moreover, the Ripple network is already being used by over 100 financial institutions, including the Bank of America. 

This provides a stamp of approval from some of the world’s largest and most influential banks. All that said, the XRP price still trades 86% below all-time highs. Considering that trillions of dollars worth of cross-border payments are made every day, XRP could be one of the best cryptos for 2024. 

• Market Cap: $38 billion
• Use Case: Provides a bridge of liquidity to banks when making cross-currency transfers     
• All-Time High: $3.84

12. Bitcoin (BTC): Buy the World’s De-Facto Crypto     

Bitcoin – the world’s largest crypto by market capitalization, currently trades at the $70,000 zone. Smashing through previous all-time highs, with the Bitcoin halving just around the corner, now could be the last opportunity to buy at current levels. 

Based on the previous three halvings, this could be the start of the next bull run. Previous bull cycles have lasted for 12-17 months, and have always resulted in new highs being recorded. With the SEC recently approving Bitcoin ETFs, this will also work in Bitcoin’s favor. The ETF launches are expected to attract significant institutional investment. 

In terms of the upside potential, some analysts believe that Bitcoin will reach $100,000 in 2024. Bullish investors argue that $1 million could be lined up for 2025/26. 

• Market Cap: $1.4 trillion
• Use Case: Provides a bridge of liquidity to banks when making cross-currency transfers     
• All-Time High: $73,690

13. Arbitrum (ARB): Trending Layer 2 Solution for Ethereum-Based dApps     

Arbitrum is a popular crypto asset with untapped potential. It provides layer-2 solutions to ERC-20 ecosystems, including decentralized exchanges, stablecoins, metaverses, and P2E games. 265 projects are currently bridged to Arbitrum, such as Tether, Maker, Uniswap, and Lido DAO. 

Bridging to Arbitrum allows ERC-20 projects to retain Ethereum’s security and decentralized features. That said, Arbitrum reduces transaction fees considerably. What’s more, Arbitrum can scale thousands of transactions per second. ARB, its native crypto coin, is required when deploying smart contracts. 

This will increase demand for ARB as more projects bridge to Arbitrum. In terms of performance, ARB has decreased by 2% in the prior month. However, on a 12-month basis, ARB is down 85%. It’s also valued at just $2.6 billion. Therefore, this could be one of the best crypto coins to buy before the next bull cycle begins. 

• Market Cap: $2.6 billion
• Use Case: Proprietary currency for paying smart contract fees on the Arbitrum network     
• All-Time High: $2.40

14. Uniswap (UNI): Invest in the Largest Decentralized Exchange by Trading Volume       

Uniswap is the world’s largest decentralized exchange by trading volume. It enables traders to buy and sell cryptocurrencies without needing another market participant. Traders aren’t required to open an account, let alone provide any personal information. Uniswap simply requires users to connect a wallet, offering a secure and private trading experience. 

Although Uniswap initially only supported the ERC-20 standard, it now offers cross-chain functionality. Supported networks include Arbitrum, Polygon, and Optimism. It also supports the Binance Smart Chain, although volumes are small when compared to other network standards. 

Nonetheless, Uniswap is a self-sufficient project that operates on smart contracts. It makes money by charging trading fees on buy and sell orders. Investors can gain exposure to Uniswap by purchasing UNI tokens. Uniswap has a modest market capitalization of just under $8.5 billion. UNI currently trades 87% below all-time highs.   

• Market Cap: $8.5 billion
• Use Case: Governance token for the Uniswap ecosystem     
• All-Time High: $44.97

15. Dogecoin (DOGE): Top Meme Coin With $26 Billion Market Cap

Dogecoin was the world’s first meme coin and it remains the most popular by a wide margin. It has a $26 billion market cap, making it the 10th largest crypto by market cap. 

Dogecoin maintains the support of influential backers like Elon Musk, and the community around this token is enormous. DOGE has routinely benefited from jumps in the crypto market, and it looks poised to rise again with the latest crypto bull run. DOGE has also demonstrated that it has staying power and can outcompete newer meme coins. 

One appealing thing about buying DOGE now is that the token is trading at under $0.19 – down 85% from its all-time high set in 2021. So, this meme coin has a lot of room to run.

• Market Cap: $26 billion
• Use Case: Meme coin
• All-Time High: $0.60

How to Choose the Best Crypto to Buy Right Now

Crypto fortunes can be made and lost overnight. Therefore, selecting cryptocurrencies to invest in shouldn’t be a rash decision. This section explains how to choose the best cryptocurrency to buy now. 

Real-World Utility 

The most valuable cryptocurrencies have real-world utility. This means the underlying crypto coins have an actual use case. 

For example: 

• Ethereum and Solana are used by decentralized applications. Fees must be paid in ETH and SOL, respectively – meaning developers need the coins to execute smart contracts. 
• Similarly, XRP is used by banks when making cross-currency transfers. While XRP isn’t always required, it is when liquidity is needed on emerging currency swaps.  

Cryptocurrencies with utility can create long-term demand for their tokens. This can lead to organic price appreciation. Therefore, utility should be at the top of your list when selecting the best coin to invest in.

Market Capitalization

Consider the market capitalization when choosing the best crypto investment. Small-cap projects like Sponge V2 and Meme Kombat offer the most upside potential. 

This is because small-cap coins can grow much faster than large-caps, as less buying pressure is needed. However, small-cap cryptocurrencies are more volatile, meaning the risk of loss is higher. 

While large-caps like Bitcoin, Solana, and BNB still have room for considerable growth, the upside is smaller. That said, it’s best to invest in a blend of small and large-cap projects to reduce the risk.  

All-Time High Discount

The broader crypto market is currently valued at $2.7 trillion. This is close to the $3 trillion valuation that cryptocurrencies had in 2021. From an investment perspective, there is still time to buy coins that haven’t mooned yet, especially those that haven’t launched yet. While there’s no guarantee all-time highs will ever happen, it makes sense to enter the market when prices are low. 

Look for Presale Bargains

Investors looking for the best new crypto to buy might consider presale launches. Presales are especially beneficial for investors who get in early. After all, you’ll be investing in brand-new crypto assets from the ground up. 

Early-stage investors often secure a discount too. This means that once the tokens are listed on public exchanges, presale investors can lock-in an immediate upside. 

What’s more, presale cryptocurrencies usually have a small market capitalization. This can lead to rapid growth if the project takes off.  Those interested in presale cryptocurrencies might consider Dogeverse. Holders of this token can also stake their tokens for rewards of up to 581%. 

Demand and Supply Balance

Tokenomics sits at the heart of any crypto project; it effectively determines the long-term demand and supply balance. For instance, cryptocurrencies like Dogecoin20 have a fixed supply. This means that additional tokens cannot be created, ensuring scarcity over time.

In contrast, Ethereum and Cosmos do not have a maximum supply. In turn, new tokens are issued indefinitely. This is a form of inflation, meaning that token holders are constantly diluted. 

• Investors should also consider the circulating supply. 
• For example, a project might have a ‘total’ supply of 1 billion tokens. 
• But only 200 million tokens might be in ‘circulation’, with the rest held by the team. 

We prefer it when the vast majority of tokens are already in circulation. Not only does this reduce the investment risk, but it allows prices to be determined by market forces. 

Where to Find the Best Crypto Coin to Buy

There are many different ways to find suitable cryptocurrencies for your portfolio. The specific method will depend on the type of cryptocurrency you’re looking to buy. 

Here are some tips on where to locate high-potential crypto investments. 

• CoinMarketCap: This is the leading data aggregation website for cryptocurrencies. It offers many filters and tools to help you find suitable investments. For example, you can sort results by the percentage gains over the prior 24 hours, week, month, or year. You can also view recently added coins, which are typically brand-new cryptocurrencies with small market capitalizations.
• Reddit: Millions of Reddit members are interested in cryptocurrencies. It’s a great platform for exploring new, established, and trending projects. Some of the best subreddits to explore include r/CryptoCurrency (7.3 million), r/CryptoMoonShots (1.9 million), and r/ICO (53k). 
• YouTube: We found that YouTube has many credible analysts who offer insights on the best crypto to buy now. This includes Altcoin Daily, MoneyZG, and The Moon. For presale investors in the market for 100x gains, consider the Jacob Crypto Bury YouTube channel.  
• DexTools: Offers unparalleled market data on cryptocurrencies that trade on decentralized exchanges. DexTools data includes the most traded pairs, trending cryptocurrencies, and the best-performing tokens over custom time frames.  
• Presale Listing Sites: Those looking for the best new crypto to invest in might consider presale listing sites. ICOBench, for example, lists information on upcoming presales. ICODrops offers a similar service.   
• Crypto News: Similar to stocks and commodities, cryptocurrency prices react to real-world news events. Therefore, it’s crucial to stay abreast of key market developments. This can help you find cryptocurrencies that are about to blow up. It can also alert you to cryptocurrencies that should be removed from your portfolio. 

Short-Term vs Long-Term Crypto Investments: Which is Best?

Some cryptocurrencies represent solid long-term investments. While others are best suited for short-term speculation. 

For example, Bitcoin – which has a maximum supply of 21 million BTC, is considered a store of value to rival gold. In theory, this means that Bitcoin’s price will continue to grow over time. This is on the proviso that demand remains constant. 

While Bitcoin will always experience short-term volatility, long-term holders are expected to do well. With this in mind, long-term crypto investments can be dollar-cost averaged. Rather than investing lump sums, this means investing bite-size amounts every week or month. 

In contrast, meme coins are generally viewed as short-term opportunities. For instance, Sponge V1 increased by over 300x after launching in 2023. This feat was achieved in days. It is widely believed that Sponge V2 could all follow a similar trajectory. 

That said, short-term crypto investments require constant market monitoring. This is because prices can rise and fall rapidly. Investors might consider setting a price target and then deploying a take-profit order. This will close the trade once the price target is triggered by the markets.   

Crypto Market Trends to Keep an Eye on in 2024

Seasoned investors will stay abreast of key crypto trends. This enables them to invest in specific niches before they become mainstream. One such trend include Solana meme coins with the likes of BOOK OF MEME hitting a +$500M market cap in April.  

For example, decentralized finance (DeFi) remains a high-growth market to watch. This includes decentralized exchanges like Uniswap and SushiSwap. Decentralized lending and investments are also hot, with Aave and Yearn.finance leading the way. Most decentralized finance protocols have a native crypto token. This enables investors to gain exposure to their preferred projects. 

In addition, staking is another market trend to keep an eye on. Staking offers the best of both worlds for investors. They can target price appreciation while also earning passive rewards. 

This is similar to investing in dividend stocks. That said, crypto staking rewards are significantly more competitive. For instance, Dogecoin20 is currently offering staking APYs of 2000%. 

Perhaps the key trend to look for in 2024 is how Bitcoin’s price reacts to the next halving event. The previous three Bitcoin halvings saw extended bull cycles last for 12-17 months. Altcoins also benefited greatly, as is often the case when Bitcoin performs well.   

Conclusion

In summary, investors should create a well-balanced portfolio when investing in cryptocurrencies. This means covering a blend of use cases, market capitalizations, target markets, and risk profiles. 

Overall, we rate Dogeverse as the best cryptocurrency to buy today. Its presale campaign is going strong; over $300k was raised in the first couple of days. Dogeverse  is an multi chain take on the classic Doge meme that provides token holders with the chance to earn passive income through staking rewards. 

Visit Dogeverse Presale

References

FAQs

Which crypto is best to invest in now?

We choose Dogeverse as the best crypto to buy now. This is a presale project with a small market capitalization and huge upside potential. 

Which crypto has the most potential?

Presales projects like Dogeverse and Sealana have the most potential. That said, presales are risky, so investors should also consider established cryptocurrencies like Bitcoin and XRP. 

What is the most profitable crypto right now?

The most profitable crypto since its inception is Bitcoin. Originally worth a fraction of a dollar, Bitcoin has since increased by millions of percent. 

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