BTC 0.92%
$63,737.00
ETH 0.93%
$3,405.39
SOL 1.95%
$156.09
PEPE 22.10%
$0.000011
SHIB 5.52%
$0.000019
BNB -0.82%
$568.66
DOGE 3.22%
$0.12
XRP 9.23%
$0.57
Pepe Unchained ($PEPU)
The Hottest Presale

Best Crypto to Buy Now in July 2024 – Top Crypto to Invest In

Michael Graw
Michael Graw | Verified by Alan Draper
Last updated: | 29 min read
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
best crypto to buy now

In this guide, we review and rank the best crypto to buy in July 2024. Before narrowing our list down to the top coins to invest in, we evaluated over 120 tokens, based on seven criteria: market performance, utility, community and adoption, development team, security, compliance, and roadmap.

In addition to highlighting the best cryptocurrencies to buy now, including Bitcoin, Ethereum, and Solana, we explore some best practices on how to choose a cryptocurrency to buy and key factors you should research when analyzing digital assets.

Top Crypto to Buy Right Now

  1. Bitcoin btc logo BTC +1.64% – The original cryptocurrency, known as “digital gold” (trading at: $63,744.94)
  2. Ethereum eth logo ETH +1.63% – The first blockchain for smart contracts and dApp development (trading at: $3,419.73)
  3. XRP xrp logo XRP +2.57% – Network for fast, low-cost cross-border transactions (trading at: $0.545)
  4. Solana sol logo SOL +2.33% – High-speed, low-fee Ethereum competitor (trading at: $156.33)
  5. BNB bnb logo BNB -0.69% – Binance ecosystem utility token (trading at: $570.04)
  6. Dogecoin doge logo DOGE +3.35% – The original community-driven meme coin (trading at: $0.121)
  7. Cardano ada logo ADA -1.44% – Research-driven, sustainable blockchain platform (trading at: $0.433)

Best Crypto to Buy Now – A Detailed Analysis


We’ll start our in-depth reviews of the best cryptocurrencies to buy now with large-cap crypto coins that could provide the most reliable returns in the long-term. We update our list according to market trends and performance as well as evolving utility and adoption.

Each factor in our ranking methodology is weighted, reflecting its importance in predicting success and reliability. This ensures that the crypto assets with the strongest performance across all metrics make the top of the list.

1. Bitcoin — The Original Cryptocurrency, Known as “Digital Gold”

Bitcoin is the world’s oldest cryptocurrency and the largest by market cap by a wide margin. It’s the only cryptocurrency that’s officially recognized by many major governments, including the US, and it’s used as legal tender in countries like El Salvador.

The first spot Bitcoin ETFs began trading on US stock exchanges in 2024, leading to massive capital inflows. Other major events such as cuts in US Federal Reserve rates and halving events can also significantly impact Bitcoin’s price.

Key Highlights:

  • Bitcoin price as of July 16, 2024: $63,744.94
  • Market cap: $1.13 trillion
  • Last 24 hours change in price: +1.64%
  • All-time high: $73,628.40
  • Bitcoin’s price has increased in the last year with a change of +111.03%
  • Year-over-year (YoY) return: +111.03%
Why Bitcoin made it onto our list

Bitcoin has been driving the crypto bull market for much of the past year. It’s more than doubled in value in the past 12 months, vastly outperforming major altcoins like Ethereum.

It’s now trading at $63,744.94, well over the key $42,000 price benchmark set during the 2020-21 crypto bull run. This provides a major psychological boost that’s likely to provide BTC with important momentum over the coming months.

In the aftermath of the Bitcoin halving and the approval of spot BTC ETFs in the US, the token could see even more gains; namely, thanks to the anticipated interest rate cuts across most major economies. In fact, the Bitcoin price prediction for the end of 2024 is a remarkable $90,000.

Interested in investing in Bitcoin? Learn how to buy Bitcoin with our comprehensive guide that walks you through the process step-by-step.

Pros and cons of investing in Bitcoin

Pros

  • Significant growth potential in volatile markets
  • Highly liquid asset with global market access
  • Robust security through cryptographic protocols
  • 21 million cap ensures scarcity and value retention
  • Uncorrelated with traditional assets; reduces overall risk

Cons

  • Inconsistent regulations across jurisdictions
  • Slow transaction processing times and high fees at times

Visit BTC on MEXC

2. Ethereum — The First Blockchain for Smart Contracts and DApp Development

Ethereum is the world’s second-largest crypto by market capitalization and the most widely used blockchain network for dApp development. The project was the first to introduce smart contracts when it launched in 2015.

Ethereum transitioned from a PoW validation mechanism to PoS in 2022. The first spot Ether ETFs were approved earlier this year, which could propel ETH’s price to new heights.

Key Highlights:

  • Ethereum price as of July 16, 2024: $3,419.73
  • Market cap: $369 billion
  • Last 24 hours change in price: +1.63%
  • All-time high: $4,867.17
  • Ethereum price has increased in the last year with a change of +78.99%
  • Year-over-year (YoY) return: +78.99%
Why Ethereum made it onto our list

Ethereum remains the most popular blockchain network for developers. It’s where most of the action in the crypto world is happening, including new crypto to buy, play-to-earn crypto games, and advances in DeFi.

There’s a flywheel effect at play here. As Ethereum gets bigger, more developers build on it and encourage even more users to join. In return, demand for ETH keeps growing while its value continuously rises, making it as one of the top altcoins.

Earlier this year, the SEC approved filings for spot ETH ETFs, surprising the market. ETFs may start trading as soon as late June or early July, with analysts estimating capital inflows of $3 to $4.8 billion in the first five months.

This could equate to 800,000 to 1.26 million ETH, causing a massive supply crunch and price increase for ETH. For this reason, Ethereum has taken the number two spot as the best crypto to buy right now.

Currently valued at $3,419.73, the most optimistic Ethereum price prediction points to a valuation of over $7,000 by 2025. Considering building on or investing in Ethereum? Learn how to buy Ethereum with our detailed guide.

Pros and cons of investing in Ethereum

Pros

  • Most popular platform for DeFi and NFTs
  • Ethereum 2.0 upgrade enhances transaction speed and reduces fees
  • Recently approved Ethereum ETFs could skyrocket demand
  • Large, active community driving innovation
  • Participate in Ethereum’s PoS consensus to earn staking rewards

Cons

  • High usage leads to slow transactions and high gas fees
  • Vulnerable to bugs and exploits in poorly written contracts

Visit ETH on MEXC

3. XRP — Network for Fast, Low-Cost Cross-Border Transactions

XRP is the official crypto token of the Ripple payment network, which was built to make international payments faster and cheaper. The project is coming off a win against the SEC, which alleged that XRP was an unregistered security. XRP is now the 7th largest crypto by market cap.

Key Highlights:

  • XRP price as of July 16, 2024: $0.545
  • Market cap: $24.2 billion
  • Last 24 hours change in price: +2.57%
  • All-time high: $3.92
  • XRP price has decreased in the last year with a change of -26.36%
  • Year-over-year (YoY) return: -26.36%
Why XRP made it onto our list

XRP has been held back for years by uncertainty over whether it would be classified as a security in the US. Now, thanks to its court victory over the SEC, that uncertainty is gone.

That has cleared the way for major banks to try out Ripple’s payment network using XRP. The project has brought on major partners like Bank of America, PNC Bank, Santander Bank, and more.

XRP is up slightly since its court victory last summer, leading many analysts to think that it is undervalued — a sharp shift in sentiment compared to the previous year’s narrative of people asking “Is XRP Dead?”

More interest in using XRP for international payments during the current crypto bull market could send its price skyrocketing — even the most conservative XRP price prediction points to a 240% value surge by 2025.

Looking to utilize XRP for currency exchanges? Learn how to buy XRP through our easy-to-follow buying guide.

Pros and cons of investing in XRP

Pros

  • Settlement times within seconds
  • Handles 1,500 transactions per second
  • Minimal transaction costs compared to other cryptocurrencies
  • Strong ties with financial institutions and payment providers ensure longevity
  • Uses unique consensus protocol, not energy-intensive like PoW

Cons

  • Majority of XRP held by Ripple Labs
  • Reliant on adoption by traditional banks
  • Mixed reputation within the crypto community

Visit XRP on MEXC

4. Solana — High-Speed, Low-Fee Ethereum Competitor

Solana is a fast and cost-effective blockchain created as a challenger to Ethereum. It’s been one of the most successful crypto tokens of the resurgent crypto bull market, having increased by +473.08% in value over the last 12 months. Solana is now the 5th-largest crypto by market cap and still has significant growth potential.

Key Highlights:

  • Solana price as of July 16, 2024: $156.33
  • Market cap: $65.3 billion
  • Last 24 hours change in price: +2.33%
  • All-time high: $259.52
  • Solana price has increased in the last year with a change of +473.08%
  • Year-over-year (YoY) return: +473.08%
Why Solana made it onto our list

No cryptocurrency has more momentum than Solana right now. It went on an uninterrupted winning streak for several months, having increased by +473.08% in value over the last 12 months. The rally in SOL coincided with gains in meme coins like dogwifhat, Bonk, Popcat, and Myro.

Low transaction fees are the key to Solana’s appeal, contributing to its adoption and usage. On-chain transactions increased significantly, reflecting higher network usage. Demand for SOL futures also remain strong, indicating positive market sentiment. Solana’s TVL climbed to $4.8 billion, driven by DeFi protocols like Jito and Sanctum.

While we don’t think Solana will challenge Ethereum for dApp dominance, it’s still one of the best cryptos to buy now, with potential gains of over 120% by 2025, according to our Solana price prediction.

Interested in the capabilities of Solana for smart contracts? Find out how to buy Solana with our comprehensive step-by-step guide.

Pros and cons of investing in Solana

Pros

  • Processes up to 65,000 transactions per second
  • Transaction costs are fractions of a cent
  • Uses Proof-of-History (PoH) for faster validation
  • Growing support for DeFi, NFTs, and Web3 applications
  • Designed to scale without layer-2 solutions, ensuring demand for SOL

Cons

  • History of multiple downtime incidents
  • Less mature than Ethereum’s ecosystem
  • Rapid growth may lead to undiscovered vulnerabilities

Visit SOL on MEXC

5. BNB — Binance Ecosystem Utility Token

BNB is the official cryptocurrency of Binance, the world’s largest crypto exchange. It offers discounts on trading fees and benefits like early access to crypto launches on Binance. It’s the 4th-largest crypto by market capitalization and has continued to perform strongly since the resignation of former CEO, Changpeng Zhao.

Key Highlights:

  • BNB price as of July 16, 2024: $570.04
  • Market cap: $76.1 billion
  • Last 24 hours change in price: -0.69%
  • All-time high: $718.88
  • BNB price has increased in the last year with a change of +134.54%
  • Year-over-year (YoY) return: +134.54%
Why BNB made it onto our list

BNB’s performance in 2023 wasn’t impressive. For much of the year, it was down because of a US prosecution of Binance and its founder, Changpeng Zhao, for violating anti-money laundering and sanctions requirements.

Binance has now settled that lawsuit and its business has hardly suffered. More important, an investigation into Binance turned up no evidence of fraud — dispelling rumors that Binance could follow the fate of FTX. In other words, the US government determined that the exchange’s financial undergirding is solid.

As such, BNB has seen a remarkable move in price. It increased by +134.54% in the last 12 months, with most of those gains being produced post-March 2024. All in all, Binance is a great business at the center of the crypto world. It’s likely to see continued long-term growth as evidenced in most BNB price predictions.

Interested in using Binance as a cryptocurrency exchange? Learn how to buy BNB by following the instructions in our detailed guide.

Pros and cons of investing in BNB

Pros

  • Backed by the largest cryptocurrency exchange, Binance
  • Extensive use within Binance ecosystem
  • Lower trading fees on Binance when using BNB
  • Quarterly token burns reduce supply, potentially increasing value
  • Wide adoption in decentralized finance and applications

Cons

  • Binance controls a significant portion of BNB supply
  • Heavily reliant on Binance’s performance and reputation
  • Vulnerable to exchange hacks and exploits

Visit BNB on MEXC

6. Dogecoin – The Original Community-Driven Meme Coin

Dogecoin is the original meme coin, having launched in 2013. It was mostly unheard of until 2020-21, when it gained the attention of major celebrities including Tesla founder Elon Musk.

Since Dogecoin’s explosive gain during the last bull market, it’s inspired thousands of copycat meme coins — including highly successful ones like Shiba Inu and Pepe.

Key Highlights:

  • Dogecoin price as of July 16, 2024: $0.121
  • Market cap: $15.7 billion
  • Last 24 hours change in price: +3.35%
  • All-time high: $0.738
  • DOGE price has increased in the last year with a change of +75.17%
  • Year-over-year (YoY) return: +75.17%
Why Dogecoin made it onto our list

Dogecoin has increased by +75.17% in value in the past 12 months, with the greatest gains coming in February and March 2024 before slightly retreating in price afterwards.

Meme coins have always fared well when the crypto market is hot, which it is right now. However, at this point, Dogecoin is more than just a meme coin. It’s widely accepted for payments in the crypto world, and increasingly in the real world as well.

Kabosu, the Shiba Inu that inspired Dogecoin, has passed away. Following the news, DOGE saw a brief rally and subsequent drop.

Dogecoin has proven that it can fend off challengers like Shiba Inu and Pepe, giving us confidence that this is still one of the best meme coins to buy. In fact, according to our analysts’ Dogecoin price prediction, it has the highest growth potential in this list, with possible gains of over 660% by 2024 and 1,950% by 2030.

Thinking about investing in Dogecoin? Check out our guide on how to buy Dogecoin to get started.

Pros and cons of investing in Dogecoin

Pros

  • Widely traded with significant daily volume
  • Active and supportive online community
  • Increasingly accepted by merchants and services
  • Public endorsements from Elon Musk boost visibility

Cons

  • Unlimited coin supply leads to constant inflation
  • Fewer applications compared to other cryptocurrencies
  • Prone to sudden price swings based on social media trends

Visit DOGE on MEXC

7. Cardano – Research-Driven, Sustainable Blockchain Platform

Cardano is a third-generation blockchain platform known for its scientific approach to development and an emphasis on interoperability and sustainability. It utilizes a PoS consensus mechanism, which is far more energy-efficient than the traditional PoW model used by older cryptocurrencies like Bitcoin.

Key Highlights:

  • Cardano price as of July 16, 2024: $0.433
  • Market cap: $13.3 billion
  • Last 24 hours change in price: -1.44%
  • All-time high: $3.10
  • Cardano price has increased in the last year with a change of +38.59%
  • Year-over-year (YoY) return: +38.59%
Why Cardano made it onto our list

Cardano has been methodically building its infrastructure and community, emphasizing secure, scalable, and interoperable blockchain solutions. With the successful deployment of smart contracts through its Alonzo upgrade, Cardano started hosting a wider range of dApps, which drove significant growth.

Despite facing criticisms over its slow and academic approach, this methodical progress ensures that each development phase is robust and sustainable. The recent focus on improving network scalability and interoperability through upgrades like Hydra boosts its potential to handle future demands seamlessly.

In December 2023, Cardano introduced the Voltaire upgrade, which aimed to decentralize the network further by implementing a treasury system and enabling community-driven governance. The anticipated Chang upgrade in Q2 2024 aims to introduce the tools and infrastructure to facilitate this exciting new era.

Cardano excels in interoperability, enabling seamless communication with various blockchains and legacy financial systems, facilitating diverse applications, cross-chain transactions, and broad adoption across different industries and networks. This positions Cardano as a top crypto to buy in 2024.

Curious about sustainable solutions with Cardano? Our guide explains how to buy Cardano to help you invest responsibly.

Pros and cons of investing in Cardano

Pros

  • Academic rigor ensures robust and secure blockchain development
  • Designed for high throughput with Hydra layer-2 solutions
  • Compatible with other blockchains and legacy systems
  • Decentralized governance model with on-chain voting
  • Supports complex DApps and DeFi projects

Cons

  • Fewer DApps compared to Ethereum
  • High stake controlled by few entities

Visit ADA on MEXC

Methodology: How We Rated the Best Cryptos to Buy Now


To curate this list of the best cryptos to buy now we analyzed various factors including historical performance, long-term potential for growth, current price, utility, and security. Here’s how we researched and weighted each criterion.

Market Performance (25%)

  • Recent Price Trend: We assessed the crypto’s price movement over the past three to twelve months, considering both short-term and long-term trends.
  • Market Capitalization: We looked at the overall market value of the cryptocurrency, as it reflects its position and significance in the market.

Utility and Use Cases (20%)

  • Practical Applications: We examined how the cryptocurrency is used in real-world scenarios, considering whether it has unique features or applications that set it apart.
  • Technological Innovation: We evaluated the underlying technology and any recent innovations that contribute to the cryptocurrency’s usefulness.

Community and Adoption (15%)

  • Community Engagement: We analyzed the level of activity on social media, forums, and community platforms as a colorful and engaged community often indicates strong support.
  • Adoption Rate: Since higher adoption rates suggest a broader ecosystem, we looked at how widely the cryptocurrency is accepted by merchants, businesses, and other users.

Development Team (15%)

  • Team Reputation: We investigated the track record and reputation of the development team. We don’t want to put down any crypto projects from newcomers, but we can all agree that experience and success in previous projects enhance credibility.
  • Transparency: We assessed how transparent the team is in sharing project updates, development progress, and any challenges faced. The more the community knows about what’s going on, the more confident they can feel about their crypto purchase.

Security (15%)

  • Network Security: We evaluated the security features of the underlying blockchain technology, considering factors like consensus mechanism and resistance to attacks.
  • Past Security Incidents: We researched any historical security incidents or vulnerabilities, and analyze how well the team handled and mitigated them.

Regulatory Compliance (5%)

  • Compliance with Regulations: We checked if the cryptocurrency complies with legal and regulatory frameworks in the regions where it operates – a crucial factor for long-term sustainability.

Roadmap and Future Plans (5%)

  • Development Roadmap: A clear and well-defined roadmap can instill confidence in investors, so we also reviewed the crypto’s future plans, upcoming updates, and milestones outlined in its development roadmap.

Put together, the scores provided a comprehensive view of the cryptocurrency’s overall strength and potential, and allowed us to assign a percentage rating to each of the cryptos recommended on this page.

What Is Cryptocurrency?


Cryptocurrency is a type of digital or virtual money that uses cryptography for security, making it difficult to counterfeit. Unlike traditional currencies, crypto assets operate without a central authority, such as a government or bank. Transactions are recorded on a digital ledger called blockchain, which is maintained by a network of computers.

Bitcoin, launched in 2009, is the first and most well-known cryptocurrency. Other examples include Ethereum and XRP.

Cryptocurrencies can be used for online purchases, investments, and transferring money across borders without the need for traditional banking services. The value of cryptocurrencies can vary widely due to factors like investor interest, regulation, and technological advancements.

How to Find the Best Cryptos to Buy


In this section, we explain some of the factors that investors need to take into account when searching for good crypto to buy now for their portfolio. These include:

  • Long-term potential
  • Crypto presales
  • Utility
  • Market capitalization
  • Competition
  • Trading volume, signals, and bots
  • Trends

Long-Term Potential

First, it’s wise to consider potential of assets as long-term crypto holdings. For example, Bitcoin will likely remain a ‘store of value’ for most, while Ethereum operates as the de-facto smart contract blockchain for ERC-20 tokens and metaverse coins, making it incredibly useful.

The long-term potential of both Bitcoin and Ethereum looks strong. Analysts at British investment bank Standard Chartered told their clients earlier this year that BTC could reach $120,000 by the end of 2024. A healthy Bitcoin means the rest of the crypto industry is healthy as investment trickles down into riskier tokens.

Similarly, many other established crypto coins should have a bright future ahead of them. For instance, XRP has formed partnerships with over 200 banks as part of its quest to become the world bridge currency.

There are dozens of examples of major brands investing in Web3 and blockchain technology and by the end of the decade, it is expected to become a much larger part of mainstream life. Indeed, ARK Invest CEO Cathie Wood has predicted that the total cryptocurrency market — currently worth just over $1 trillion — will be worth as much as $25 trillion by the end of the decade.

Follow Crypto Presales

Cryptocurrency presales allow early investors to buy a project’s tokens on a first-come, first-serve basis, enabling them to acquire coins before they’re listed on exchanges and available for public trading.

Many investors missed out on the opportunity to buy BTC for less than $100 or Ethereum for less than $1. Fortunately, new high-potential crypto presales pop up weekly, giving investors opportunities to target similar gains.

Investors must be diligent in their research to ensure they only purchase high-potential tokens that have a legitimate chance of being a worthy investment. Research should include investigating the following:

  • Read the whitepaper: A whitepaper is a document that outlines the whole project and should give readers a clear understanding of exactly what they are investing in. Poorly written or vague whitepapers should be considered a red flag.
  • Read the roadmap: A roadmap is the plan of how a project will develop over the coming months and years. It is easy to promise a $1 billion market cap, but the best projects also outline plans of action and the steps they will take to get to that point.
  • Check the smart contract: Unfortunately, the crypto world is rife with scammers and some projects are intended to steal funds from the get-go. There are resources to check smart contracts, while top projects will provide a full audit from a reputable third-party blockchain security firm.
  • Check the team: Again, due to the proliferation of scammers in the space, doxxed and public teams will relieve investors as they know exactly who is behind the project. An anonymous team is not necessarily a red flag if other parts of the project (whitepaper/roadmap/audit) are legitimate.
  • Check social media sentiment: Social media sentiment and hype are crucial to the success or failure of a project. Interesting projects will fail if they do not catch the attention of the wider marker. Similarly, be wary of projects that use bots/fake accounts to promote their tokens.

Crypto Projects with Utility

Cryptocurrency projects offering high utility (utility tokens) are likely to be more sustainable in the long run, since investors can use the tokens within the ecosystem to generate real value.

When searching for one of the top 10 cryptos to invest in, it is wise to focus on projects that have a real-world use case. As we mentioned earlier, Ethereum is a high-quality utility project as it has hundreds of other protocols and thousands of altcoins built on top of its blockchain. This means that its ETH has huge levels of demand as people engage with those projects.

At the time of writing ETH has more than a 50% market share for DeFi chains, with a TVL (Total Value Locked – the value of other projects built on its blockchain) sitting at more than $25 billion, according to DeFiLlama.

Ethereum has more than 950 other protocols built on top of it, more than a third larger than the Binance Smart Chain (664), while the next largest chain by TVL, Tron, is almost 70% smaller with a TVL of around $8 billion.

top cryptocurrencies by tvl

Market Capitalization

Investors should have a firm grasp of how the market capitalization of a crypto asset works as it will enable the investor to assess what the potential upside looks like.

For example, when the price of Bitcoin traded at $16,000 in late 2022 it had limited upside potential because of Bitcoin’s size in terms of market cap. When Bitcoin made new highs above $70,000 in early 2024, this was a move of over 350% in less than two years.

Smaller market caps projects, such as trending new meme coins, have much larger room for growth as it doesn’t take so much investment to see their price increase. For example, two meme tokens listed on CoinMarketCap have recently seen higher gains than Bitcoin, namely dogwifhat (WIF) and Dogecoin (DOGE).

Of course, low market cap crypto comes with increased risk that have to be priced in when investing. While small cap tokens can see much higher growth in a shorter spell than the more established crypto coins, they are also more likely to plummet in price.

Competition From Other Coins

It is also a good idea to see how much competition the respective crypto asset has. After all, there are now more than 25,000 tokens listed on CoinMarketCap, and even more that lie in waiting. For instance, there are many so-called ‘Ethereum Killers’, each of which claims to offer a faster, cheaper, and more scalable alternative to Ethereum.

Investors will need to decide on whether it is better to invest in Ethereum or a direct competitor such as Solana, which is capable of faster speeds and cheaper transactions than Ethereum, but has yet to gain the same footing with users.

top cryptocurrencies by market cap

The same is true of ‘Doge Killer’ coins that promise to one day surpass the market cap of Dogecoin, the biggest and most popular meme coin. Crypto investors often cycle through tokens and trends, with copycat and derivative tokens quickly popping up if one token shows it resonates with investors.

Pepe is one such example. After the meme coin hit a $1 billion market cap in May 2023 it sparked a mini meme coin revival with dozens of copycats, such as Pepe 2.0, AstroPepeX, McPepe, PepeAI and dozens of others being created in its wake.

Trading Signals and Trading Bots

Some investors prefer to integrate the best crypto signals into their trading strategy. This allows them to eliminate emotions from the investing process when deciding the best crypto to invest in.

We have also reviewed the best AI crypto trading bots for traders who want to execute trades 24/7. Considering that the crypto market never sleeps using a crypto trading bot can help eliminate emotions and also automate the entire trading process.

Trends

As mentioned above, trends should not be discounted when deciding which crypto to buy today. Investing in a trending token or theme can prove to be both hugely beneficial if the timing is good – or disastrous should an investor take too long to realize that the trend is no longer popular.

During the 2021 bull run was play-to-earn gaming and the metaverse, which was expected to become a major industry in the 2020s and revolutionize the way people played games and interacted in a virtual world. Games like Axie Infinity, Sandbox, and Decentraland benefited the most with their tokens trading at all-time highs.

In early 2024, meme coins and AI cryptocurrencies have had the highest returns. For example, the meme coins Bonk and dogwifhat traded mostly flat in 2023, while in February 2024, both had huge growth.

AI tokens like Render (RNDR) traded at a market cap of $500 million before the AI frenzy propelled chip-maker stocks like Nvidia to all-time highs. Riding on the AI stock hype wave, RNDR currently has a market cap of over $4 billion. It took less than two months for RNDR token price to move from $2 to over $11.

Investing in a trending token can bring huge rewards but investors should be diligent and cash out before the trend dies.

Crypto Market July 2024: Key Trends and Forecast


Bitcoin’s performance in June was poor, dropping nearly 7%. Historically, July has seen rebounds, with Bitcoin averaging gains of 7.42% after a downtrend in June. In seven of the last eleven Julys, Bitcoin has posted gains of at least 8%.

However, challenges in July could hinder this trend. The German government’s Bitcoin sale and Mt. Gox repayments might pressure Bitcoin prices. Around $8.5 billion in Bitcoin is set to be repaid to creditors, potentially affecting the market.

The UK is set to introduce new cryptocurrency regulations by mid-2024. These regulations will focus on stablecoins, crypto staking, exchanges, and custody services. The aim is to enhance market stability and investor confidence by ensuring that only compliant and secure entities operate within the market.

In summary, Bitcoin fell nearly 7% in June but typically rebounds in July. German Bitcoin sales and Mt. Gox repayments may pressure prices. The UK plans new crypto regulations by mid-2024.

Conclusion: What’s the Best Cryptocurrency to Invest in Today?


The large-cap tokens we recommended proved they could withstand the crypto winter and come out with momentum on the other side. The best crypto to buy right now would still be Bitcoin, with a close runner-up of Ethereum. While going through their ups and downs, these two coins still have shown very solid performance in the past, and seem to have a bright future ahead of them with an increasing adoption.

Frequently Asked Questions (FAQs)

Which is the best crypto to buy?

The best cryptocurrency to buy right now is Bitcoin. It’s the world’s most valuable cryptocurrency and stands to benefit from the launch of ETFs in the US and a resurgence of interest in the crypto market. Investors who want the best high-risk, high-reward crypto should consider Pepe Unchained, which has just launched on presale.

Which cryptocurrency has the best future?

Ethereum has the brightest future of any crypto right now. The largest smart contract network is attracting heavy development and successfully switched to proof-of-stake validation. There is even talk of a spot Ethereum ETF launching in the US.

What are the best high-risk high-reward cryptocurrencies to invest in?

The best high-risk high-reward cryptos to invest in today include Pepe Unchained, WienerAI, PlayDoge, Shiba Shootout, and Base Dawgz. These cryptos are more speculative than established, large-cap tokens, but they also offer higher potential returns.

Which crypto has the most potential in 2024?

Pepe Unchained is a meme cryptocurrency with the most potential to explode in 2024. This crypto offers utility by creating a layer-2 network on Ethereum with lower fees and faster transaction speed.

What is the best meme coin to buy now?

The best large-cap meme coin to buy now is Dogecoin, which has demonstrated it has staying power through all conditions. However, the best meme coin to buy right now is Pepe Unchained.

References

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