Most Profitable Cryptocurrency to Buy in 2024

Goran Radanovic
Last updated: | 16 min read

Many crypto investors buy speculative assets, hoping to profit from the hype around the coin. Choosing the most profitable cryptocurrency to invest in increases an investor’s chance of earning rewards.

The most profitable cryptos have a history of providing returns, and we found 11 coins that have done exactly that. We reviewed each project, highlighting their price history and the benefits of their utility.

  • First truly multi-chain Doge token, promising interoperability across major blockchains
  • Easy to buy and claim $DOGEVERSE tokens during presale phase
  • Could be the next Doge-inspired coin to explode ahead of Doge Day
Project Launched
April 2024
Meta
Meme, Multi-Chain
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Send SOL and wait for airdrop - the new way of doing presales
  • Over $10M raised, launches April 29
  • No hard cap total - first come first served
Project Launched
March 2024
Meta
Meme
Purchase Methods
  • Solana
    Solana
  • First of its kind daily rewards based on the performance of Mega Dice Casino
  • $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
  • $2,250,000+ USD airdrop for casino players
Project Launched
April 2024
Meta
GambleFi
Purchase Methods
  • Solana
    Solana
  • ETH
    ETH
  • bnb
    bnb
  • Learn-to-Earn platform that rewards users for learning about crypto
  • Stake $99BTC tokens in secure smart contract to earn passive rewards
  • Get the edge in fast-moving markets with expert crypto trading signals
Project Launched
April 2024
Meta
Learn-to-Earn
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • bnb
    bnb
  • +1 more
  • Innovatives VR & AR Gaming Project
  • Aiming to Raise $15M Across 12 Rounds
  • Token Holders Get Lifetime Access to VR Content
Project Launched
January 2024
Meta
VR
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Trending meme coin with P2E utility & staking rewards
  • Price up 10x in past month, rumors of Binance listing
  • 12k+ holders and growing
Project Launched
December 2023
Meta
Meme, P2E
Purchase Methods
  • Bank Card
    Bank Card
  • usdt
    usdt
  • ETH
    ETH
  • Buy and hold $SMOG to generate and earn airdrop points
  • 35% of supply reserved for future airdrop rewards
  • Viral potential after pumping over 1000%
Project Launched
February 2024
Meta
Meme, P2E
Purchase Methods
  • usdt
    usdt
  • Solana
    Solana
  • Native BSC token
  • Audited by Coinsult
  • Long-term rewards for holders
Project Launched
2023
Meta
AI
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Innovative stake-to-mine project for easy BTC mining
  • Presale has raised over $6.5m so far
  • Over 90% staking APY during presale
Project Launched
2023
Meta
Staking, mining
Purchase Methods
  • ETH
    ETH
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • Daily passive staking income
  • 250k giveaway participation
  • Free casino credits
Project Launched
July 2023
Purchase Methods
  • usdt
    usdt
  • bnb
    bnb
  • ETH
    ETH
  • Access to huge fee revenue through staking
  • 50% of 10bn token supply available at presale stage
  • 85% of fees go back to the community
Project Launched
March 2024
Meta
CasinoFi
Purchase Methods
  • usdt
    usdt
  • bnb
    bnb
  • ETH
    ETH
  • New meme coin offering an immersive experience via high-stakes battles
  • Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
  • Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • First crypto-based lending platform, allowing loans up to 75% of the total Memereum assets.
  • Comprehensive insurance coverage for digital coins and precious metals, including gold and silver.
  • High-value holders get state-of-the-art NFTs, valued over $1,500 in the open market.
Project Launched
March 2024
Meta
Insurance
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Innovative AI crypto casino offering staking, airdrops and custom games
  • $HPLT presale has raised over $400k so far with +60M bets placed by +150k users
  • Offers daily staking rewards, hype NFTs and is fully audited by Certik
Project Launched
March 2022
Purchase Methods
  • bnb
    bnb
  • ETH
    ETH
  • usdt
    usdt

The Most Profitable Cryptos to Invest in 2024


Before we delve deep into the most profitable tokens, let’s take a quick look at each crypto project to find out their unique traits.

  1. Slothana (SLOTH) – Hot new meme coin with $1.3 million raised, deposit SOL and await airdrop rewards.
  2. Smog (SMOG) – New meme coin, will airdrop 490 million tokens on Solana.
  3. Sponge V2 (SPONGEV2) – Sponge V1 did 100x, V2 aims to outperform with a play-to-earn game.
  4. eTukTuk (TUK) – Green crypto creating EV charging stations and electric tuk-tuks.
  5. Bitcoin Minetrix (BTCMTX) – Stake BTCMTX tokens to earn Bitcoin mining credits.
  6. 5thScape (5SCAPE) – New crypto project blends AR and VR and blockchain technologies.
  7. Scorpion Casino (SCORP) – Crypto casino offers profit share. Over $6 million raised on presale.
  8. Insanity Bets ($IBET) – Dynamic DeFi platform where investors can leverage trading fees to maximize their returns.
  9. Bitcoin (BTC) – Pioneering crypto, Bitcoin is the largest token in terms of market capitalization.
  10. Solana (SOL) – Efficient ecosystem can handle up to 10,000 transactions per second.
  11. Cardano (ADA) – Top proof of stake platform earning investors high profits.
  12. Ethereum (ETH) – Second biggest cryptocurrency in terms of market cap, only behind Bitcoin.

Analyzing the Most Profitable Cryptocurrency to Buy

1. Smog – Profitable Meme Coin, 100% Surge in 2 Weeks – Upcoming Highly-Awaited Airdrop

Smog has been the most profitable cryptocurrency in recent weeks, almost doubling its value during the last fortnight. Despite its recent rally, this Solana-based meme coin is currently down 30% from its record high of $0.09451.

After its launch on the Jupiter decentralized exchange (DEX) in February, the crypto soared by 4,700% hitting the aforementioned peak, before falling to a low at $0.02619.

Smog Homepage

Drawing inspiration from the success of meme coins like $DOGE and $PEPE, Smog is actively working to establish a robust online presence to achieve viral status and recapture its previous highs.

Its ambitions are slowly getting realized, and at the time of writing this, the token is trading at  $0.0568. A key factor contributing to Smog’s promise lies in its strategic utilization of the upcoming airdrop to expand its investor pool.

Smog offers an attractive 42% APY to stakers and incentivizes token holders with points that will go towards the number of rewards received during the airdrop. Out of Smog’s 1.4 billion tokens, 50% have been allocated for marketing, 35% for the airdrop, and the remaining portion is distributed for listings on Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).

For a deeper understanding of Smog, consider joining its community on Telegram and X (formerly Twitter).

Presale Started Feb 2024
Purchase Methods ETH, USDT and Card
Chain Solana
Min Investment None
Max Investment None

2. Sponge V2 – The Next Big Wave in Crypto, Rising from Meme to Mainstream with Exceptional Growth Potential

In the first half of 2023, the crypto market’s recovery saw Sponge emerge as a notable meme coin. It achieved a substantial increase, rising from its launch price of $0.000025 to $0.00092768, an increase of 3,610%. Although currently 44.4% below its all-time high (ATH), Sponge has gained 400% in value over the past two months, indicating renewed market interest.

Sponge V2 Home Page

Sponge V2, evolving from the original Sponge token, aims to replicate the success of its predecessor. Those interested in Sponge V2 can acquire Sponge tokens through platforms like Poloniex, Gate.io, MEXC, OrangeX, Uniswap V3, BitMart, BitGet, or directly from the Sponge.vip website using ETH, USDT, or a card.

The investment dynamics for Sponge V2 include a staking mechanism, where, by staking Sponge tokens, investors will receive a corresponding number of V2 tokens. It also must be noted that the staked V1 tokens will be locked in the V2 staking pool indefinitely, accruing V2 tokens for the next four years, as detailed in Sponge V2’s whitepaper.

Sponge V2 roadmap

Capitalizing on the original Sponge’s momentum, Sponge V2 is advancing towards listings on top-tier exchanges. Also, the team has earmarked 10% of its 150 billion total supply for CEX liquidity and 7.50% for marketing initiatives.

Overall, as the crypto market anticipates another bull run, Sponge V2 is positioned as a project to watch. If you wish to receive more insights about the project, you can connect with Sponge on Telegram or Twitter and explore their whitepaper.

Presale Started Underway
Purchase Methods  ETH, USDT, and Card
Chain Ethereum
Min Investment $10
Max Investment None

3. eTukTuk – Revolutionizing Green Mobility with AI and Blockchain, Marking a New Era in Sustainable Transport

This project aims to bring a positive change into the world through its sustainable means of transportation. eTukTuk combines AI and blockchain technology to revolutionize transportation worldwide, starting with developing nations. The project leverages AI to optimize routes in order to minimize fuel consumption, reduce traffic, and schedule interventions to extend the life of the vehicle.

eTukTuk presale

To be a part of this sustainable future and exceptional opportunity, you can join the TUK token presale. So far, eTukTuk has raised over $1.5M. To participate in the presale, go to its official website, then connect a compatible wallet, and use USDT, ETH, BNB, or a bank card to make the purchase. You can either claim your tokens once the presale is over or stake your TUK tokens right away and start earning rewards. To reward long-term token holders, eTukTuk utilizes Power Staking, under which those who stake into the network get a share in the success of the ecosystem.

eTukTuk

TUK has a total supply of 2 billion, out of which 20% is set aside for project operations, another 20% for power staking, 15% for company reserve, and 10% each for community fund, team, and marketing. Out of the rest, 6% is for pre-sale, 4% is for pre-sale staking, and 5% is reserved for its token liquidity.

Currently, $TUK is priced at $0.027 per token. Follow eTukTuk on Telegram and read its whitepaper for more details about the project.

Presale Started Ongoing
Purchase Methods  ETH, BNB, USDT, and Card
Chain BNB Chain
Min Investment None
Max Investment None

4. Bitcoin Minetrix –  Top Crypto Token Transforming Bitcoin Cloud Mining with an Eco-Friendly Approach

Bitcoin Minetrix is a trending new profitable crypto in the Bitcoin cloud mining domain. Its efficient and eco-friendly approach with strong investor support makes it one of the most cryptos in the market with an upside potential.

Their presale has caught significant investor attention, raising over $10 million within the first few months of its launch. The token is currently priced at $0.0132 per token.

Bitcoin Minetrix presale

In an era where the environmental implications of Bitcoin mining are under investors’ radar, Bitcoin Minetrix offers a unique solution while allowing users to earn passive income.

Their cloud mining mechanism is eco-friendly, removing traditional energy-intentive methods. This reduces the carbon footprint and presents a more cost-effective avenue for individual miners.

Traditional Bitcoin mining is known for its challenges—high costs, complex setups, and environmental strain. Bitcoin Minetrix tackles these with its novel “Stake-to-Mine” model.

By staking the native $BTCMTX token, users receive non-tradable mining credits. Upon burning these credits, Bitcoin rewards are unlocked.

This approach removes the need for physical hardware, democratizing mining and making it feasible for a wider audience.

Of the total 4 billion $BTCMTX tokens, 42.5% is set aside for mining, 7.5% for staking, and a dedicated chunk for community initiatives.

Bitcoin Minetrix stake-to-mine

The Bitcoin Minetrix whitepaper also highlights the importance of user experience. The platform offers an intuitive dashboard, granting users a clear perspective on their mining statistics, such as hashing power, mining credit metrics, and potential daily, weekly, or monthly returns. Whether on desktop or mobile, users can smoothly oversee their mining activity.

Bitcoin Minetrix’s tokenized system offers tangible mining credits for staked tokens, securing against potential cloud mining scams.

Users also enjoy the flexibility of unstaking and liquidating their tokens per market conditions. To get the latest updates and platform news, enter Bitcoin Minetrix’s Telegram group or follow it on X (previously Twitter)

Presale Started 26 Sept 2023
Purchase Methods  ETH, USDT, BNB
Chain Ethereum
Min Investment $10
Max Investment None

5. 5thScape – New Crypto Project Merges Virtual Reality With Blockchain

5thScape is an exciting new project that merges blockchain and AR and VR technologies. The team builds a VR headset and a VR-compatible chair along with VR games like Cage Combat. 5SCAPE is the native token that powers the ecosystem. Once the project goes live, it will be used as a currency within the 5thScape ecosystem, to incentivize developers and to give exclusive benefits to token holders.

Currently in a token presale phase, 5thScape is available for purchase with ETH, MATIC, BNB, USDT and a card. All you need is an Ethereum wallet to connect to the token presale site. During the earliest presale stages, 5SCAPE tokens cost $0.00187 each. That’s over 400% lower than its listing price of $0.01.

5thscape presale

Once the presale ends, you can claim your tokens. Read the 5thScape whitepaper for more details. Also, follow 5thScape on X and join the 5thScape Telegram channel for the latest information.

Presale Started Feb 2024
Purchase Methods  ETH, USDT, BNB, MATIC, card
Chain Ethereum
Min Investment None
Max Investment None

6. Scorpion Casino – Crypto Casino with Redistribution Model for Rewards

Scorpion Casino leads the way as the pioneering betting platform driving the industry’s evolution. It currently consists of three key features: the Scorpion Casino platform, the affiliate system, and the SCORP token. The platform itself operates as a licensed sports betting and casino platform based on cryptocurrency. In contrast, the affiliate system serves as a referral and reward mechanism, while the SCORP token functions as a governance and reward token for users.

Scorpion Casino SCORP token

Scorpion Casino offers users a comprehensive selection of gaming options, boasting an extensive library of over 200 casino games and 160 live games. These games are fully licensed and adhere to stringent fairness standards. Sports enthusiasts can also indulge in diverse sports betting options covering football, tennis, American football, horse racing, basketball, golf, boxing, and MMA. Players can get additional benefits by joining the Elite Scorpion Members Club, which grants features like VIP service, cashback, extra staking rewards, and extra SCORP tokens.

Scorpion Casino Curacao license

The SCORP token assumes a pivotal role within the ecosystem, providing users with four key benefits. First and foremost, it serves as the exclusive payment method within the ecosystem. Additionally, token holders have the opportunity to generate passive income. The token also unlocks weekly bonuses and free games for users and plays an integral part in the affiliate system.

As for the token supply, the SCORP token has a total of 1 billion in circulation. Out of this supply, 280 million SCORP tokens have been allocated for the presale, while 300 million tokens have been earmarked for affiliate rewards.

The Scorpion Casino team has devised a roadmap detailing their upcoming plans. These plans encompass live affiliate events, partnerships, marketing campaigns, and collaborations. Their focus for the latter half of the year revolves around scaling the platform to achieve substantial growth and expansion.

Token Symbol  SCORP
Presale Supply 200,000,000 SCORP
Token Type BEP-20
Payment Method ETH, USD, BNB
Listing Price $0.05

 

7. Bitcoin – Pioneering Crypto Providing Rewards for the Longest Duration

Bitcoin was the first decentralized cryptocurrency and is the highest profit crypto since it’s been on the blockchain the longest. It’s a long term crypto that has become more popular throughout the years, and it has increased its returns to investors.

It’s the leading cryptocurrency by market capitalization and has been on several bull runs. Bitcoin’s 2013 bull run provided investors with more than 1,000% returns. At the time, it was unheard of for a financial asset to yield such high returns in a short period. And Bitcoin was only one of the few cryptos to have a bull run that year.

Bitcoin Layer 1 Crypto

Not only did Bitcoin’s 2017 bull run offer massive returns again, but it was the catalyst for many of the best altcoins to surge as well. Many investors entered the crypto market in 2017 because of the attention that Bitcoin’s bull run received.

Bitcoin was the leading crypto during the most recent bull run. During the 2020 global lockdowns, asset prices plummeted, and many investors lost hope in receiving returns in the near future.

Bitcoin didn’t need long to recover, as it began making higher lows towards the end of the year and eventually led the 2021 crypto bull, reaching its all-time high of $69,000 in November that year. It plummeted considerably in the following years before mounting an exceptional rebound and reaching a new all-time high of over $73,000 in March 2024. As the bull market continues to roar into action, many investors are asking themselves how much should I invest in Bitcoin.

8. Solana (SOL) – Efficient Ecosystem Facilitating Large-Volume Transactions

Using the Solana network offers developers and peer-to-peer users several advantages. This network is ideal for developers wanting a platform to build scalable applications. Solana enables users to send funds globally for mere pennies.

Besides the low costs, Solana provides an extremely efficient platform. Large volumes of transactions can be processed in seconds. Currently, Solana’s network processes between 5,000 and 10,000 transactions per second. However the platform is working on upgrading its system to process 65,000 transactions per second.

Solana Layer 1 Crypto

Users can also take advantage of safe transacting because Solana’s network is spread over thousands of independent nodes. Besides providing a reliable and effective ecosystem, Solana boasts a highly lucrative coin.

SOL is one of the cryptos to watch because it has provided investors with massive returns. That’s because many investors recognized the utility the project offers and the real-world problems it solves.

Investors who bought SOL in January 2021 watched the coin go on an epic bull run, eventually providing more than 20,000% returns by November of that year. The following years saw a massive drop in the coin’s value, but even though it hasn’t quite reached a new all-time high, it has made an incredibly strong recovery on the back of the 2024 crypto bull market.

9. Cardano (ADA) – Top Proof of Stake Platform Earning Investors High Profits

Cardano’s proof of stake platform was designed to be flexible and scalable for facilitating smart contracts. Developers use Cardano to build games, decentralized applications (dApps) and cryptocurrencies.

By using the proof of stake consensus, Cardano rewards the highest number of ADA tokens to validators depending on their investment in the pool and the length of time that the coins were locked in.

cardano-screenshot

The network enables developers to design native coins that operate on the same architecture as the ADA coin. These native tokens are regarded as superior to other coins on the blockchain because they’re more secure and have lower transaction fees.

ADA is one of the cryptos with the most potential to go on an epic bull run. It’s proven that twice in the last five years. At the end of 2017, Cardano’s price pump resulted in investors bagging returns of more than 5,000%. The most recent bull run was at the end of 2020. The coin surged more than 2,000% by September 2021 before hitting lows of 0.24 just a year later. Since then, it’s been mounting a steady recovery and if its value is bolstered by the upcoming bull market, it could reach new highs.

10. Ethereum (ETH) – Second Biggest Coin Facilitating Smart Contracts

Ethereum hosts thousands of dApps and is a leading smart contract provider. Its smart contract functionality enables a project’s stakeholders to communicate with each other without the control or interference of a central authority.

Ethereum formerly used the proof work consensus, requiring miners to verify transactions. But the network changed to a proof of stake platform during the infamous Ethereum Merge. The motivation behind the move was to reduce Ethereum’s carbon footprint and make the entire ecosystem more environmentally friendly.

Ethereum Layer 1 Blockchain

Switching to the new consensus has enabled stakers to earn rewards by staking ETH. Other upcoming developments to Ethereum’s network are lower transaction fees and more efficient transactions.

Ethereum is the second-largest crypto by market capitalization. It usually follows Bitcoin during its bull run, and it did just that at the end of 2020 – although it is yet to be seen if the pattern will repeat in the 2024 bull run. Investors who bought ETH in September 2020 received returns of just over 1,400% by November 2021.

How to Find Highly Profitable Crypto


The highest profit cryptocurrency usually had several bull runs. Investors can analyze the charts of assets to gauge their price action. It’s common for the most volatile cryptos to provide the highest profits.

Investors can also use several methods to open buy positions as cryptos are surging.

Signals

Numerous crypto signals groups send alerts to subscribers about cryptocurrencies on the move. The alerts inform investors about the entry price and the potential profit-taking level.

Traders can also customize their own settings in TradingView. This charting platform enables traders to sort assets according to the percentage change in daily movement. Cryptos with the highest price movements appear at the top and in green, making it easy for traders to notice.

CoinMarketCap

CoinMarketCap tracks the listings and price movements of cryptocurrencies on the blockchain. It also ranks cryptos according to their market capitalization. The top 10 cryptocurrencies on the list captured the biggest share of the market and have done so because investors have demanded those coins.

Dogecoin wasn’t one of the top 10 cryptos before its latest bull run, but investors buying the coin during its hype resulted in it becoming one of the biggest coins on the market.

Presales

Blockchain projects that had a successful crypto presales are usually then also profitable during the ICO. The Bitcoin ETF Token presale quickly reached the $500,000 mark at press time – showing a high level of early investor demand.

Most Profitable Time to Buy Crypto


Buying low and selling high is the most profitable investment strategy. The part of that equation investors struggle with the most is finding the bottom. Many investors believe that ICO prices are the bottom, but lower prices are found during presales.

Only a small group of investors know about each project’s crypto presale. During the ICO is when the rest of the market finds out about it. But discounted prices are available at the onset of the project, especially during the beta presale.

Conclusion


Before knowing how to trade cryptocurrency for profit, investors need to identify volatile assets. Those assets are likely to provide the highest profits for investors. Although the most profitable cryptocurrencies to buy are usually one of the top 11 coins by market capitalization, we found a few that are currently in presale.

One of the most profitable cryptocurrencies right now is Smog ($SMOG). Buy $SMOG during the token presale and stake your tokens to earn rewards and benefit from the biggest airdrop in Solana history!

Most Profitable Crypto FAQ

Which crypto is most profitable short term?

Trading cryptocurrency for profit in the short term requires traders to find highly volatile cryptos. One profitable cryptocurrency in the short term can be Green Bitcoin, which is now available on a token presale for $0.9162.

What is the best crypto for a quick profit?

Smaller altcoins like Green Bitcoin and SpongeV2 can offer higher potential returns for investors looking to turn a quick profit. It’s essential to always conduct your own research before you invest.

Which crypto will make the most money?

It’s impossible to predict which cryptocurrency will make the most money in the future, since crypto markets are volatile and influenced by various factors. However, you can seek higher returns by investing in newer or smaller cryptocurrencies with innovative technology or unique use cases such as Bitcoin Minetrix, eTukTuk and Green Bitcoin Token.

What is the most profitable crypto?

Historically, Bitcoin has been one of the most profitable cryptocurrencies, considering its substantial price appreciation since its inception. Ethereum has also delivered significant returns for investors, particularly during bull markets and with the rise of DeFi applications built on its platform. However, the cryptocurrency market is highly volatile, and what may be profitable at one point in time could experience significant price fluctuations in the future.

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.

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