Top 12 Trending Cryptos to Buy in 2024
Why Trust Cryptonews
Trending cryptocurrencies often see a jump in price as momentum around these coins grows and demand for them spikes. So, it’s no surprise that many crypto investors seek out trending cryptocurrencies to buy and hold. With investors recently focusing on trending meme coins like Pepe Unchained and Crypto All-Stars, as well as solid layer 1 and layer 2 blockchains like Solana and Ton, the market has been increasingly concentrated on these two subcategories.
In this guide, we’ll highlight some of the top trending cryptos to buy in 2024 and take a closer look at what makes each coin so popular.
- The Pepe meme gets its own Ethereum Layer-2 chain
- Stake $PEPU to earn double the staking rewards through Layer-2 technology
- Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
ETH
bnb
usdt- +1 more
- Meme coin project bringing together every top meme coin in the world.
- Features a revolutionary staking contract that allows all top meme coins to be staked on one singular platform.
- Stake $STARS for big rewards and claim your tokens at the end of the presale phase.
- ETH
- usdt
Bank Card- +1 more
- First-of-its-kind Vote-To-Earn DAO, giving holders the power to control the destiny of the project.
- Early adopters of this meme coin earn massive rewards for buying and staking their tokens during presale.
- 25% of supply reserved for staking $FLOCK tokens and watching rewards hatch.
- ETH
- usdt
- Bank Card
- +1 more
- A brand new play-to-earn casino that allows wagering with meme coins
- Exclusive rewards such as airdrops, bonuses and loot boxes for token holders
- A selection of thousands of crypto games to play, including a sportsbook
- ETH
- usdt
- Bank Card
- +2 more
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- New token that aims to revolutionise how digital currencies are used in everyday commerce.
- $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
- Loyalty incentives, airdrops, and participation rewards for community members.
- bnb
- usdt
- Bank Card
- +5 more
- New meme coin offering an immersive Wild West crypto experience with high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 2,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
- ETH
- usdt
- bnb
- +1 more
- Forecast the outcomes of Formula One races and compete with fans worldwide for a spot on the leaderboard.
- Use $BDJ tokens to participate in prediction markets, stake for additional rewards, or hold for potential future value appreciation.
- Buy and stake $BDJ to earn up to 6,811% in passive income rewards.
- ETH
- bnb
- usdt
- +1 more
- Latest crypto ecosystem designed to power all upcoming dApps.
- With no gas fees, lightning-fast transactions, crypto staking options and more, JetBolt is one to watch.
- Buy and stake JBOLT tokens to earn rewards.
- Bank Card
- ETH
Bitcoin- +2 more
The Top Trending Cryptos to Buy in 2024
Let’s dive straight into our list of the most trending cryptos to buy today:
- Pepe Unchained – Top trending Ethereum L2 meme coin. $18.2 million raised.
- Crypto All-Stars – Stake the most popular meme coins under one ecosystem.
- Flockerz – New meme coin presale with generous staking and voting rewards.
- Memebet Token – A hot new casino that offers meme coin betting for high rewards.
- Sponge V2 – Upgraded $SPONGE with staking mechanism, offers P2E rewards and high staking yields.
- ShibaShootout – Wild West-themed meme coin, get 793% staking rewards.
- Worldcoin – AI-oriented coin with 6.5 million signups, founded by OpenAI’s Sam Altman.
- Toncoin – Native cryptocurrency of the TON blockchain, official web3 infrastructure of Telegram.
- Ethereum – Largest altcoin in the crypto space. Popular blockchain used for deploying smart contracts and dApps.
- Uniswap – One of the largest decentralized exchanges in the world. Hold $UNI tokens to access voting rights on the platform.
- Notcoin – Telegram-integrated GameFi token, primarily used for tap-to-earn.
- Solana – High-speed, low-fee Ethereum competitor with over 1.6 million daily active users.
The Best Trending Crypto Coins to Buy Now Reviewed
Want to know more about the hottest cryptos trending on Twitter and Reddit right now? We’ve put together quick reviews of the most trending cryptocurrency tokens so investors can decide which ones are right for them.
1. Pepe Unchained – Top Trending Meme Coin Built on the Ethereum L2 Blockchain
Pepe Unchained ($PEPU) is one of the most trending meme coins in 2024, as it is built on Ethereum’s sustainable layer-two (L2) blockchain and offers huge staking rewards. The L2 blockchain provides greater scalability and increases transaction speeds for token holders.
Furthermore, $PEPU token holders can benefit from lower gas fees on the platform. Due to the reduced operational costs, Pepe Unchained promises huge staking rewards to token holders.
At press time, $PEPU can be staked to earn an APY (Annual percentage yield) of 122% . From a total supply of 8 billion tokens, 2.4 billion will be distributed as staking rewards. Another 1.6 billion tokens are being allocated for the presale. Within a few months, the Pepe Unchained presale has raised $18.2 million. At the time of writing, $PEPU is priced at $0.00994 per token. To learn more about this meme coin, read the Pepe Unchained whitepaper and join the Telegram channel.
| Presale Started | June 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Current Price | $0.00994 |
| Amount Raised | $18.2 million |
2. Crypto All-Stars – Meme Coin Offers Up to 720% Staking APY
Crypto All-Stars ($STARS) is a new meme token that offers huge staking rewards on some of the biggest meme coins in the world. $STARS, the native token, is currently priced at $0.0014828 per token on presale. Within a week since the Crypto All-Stars presale started, the platform has raised more than $2.06 million.
On Crypto All-Stars, investors can stake popular meme coins such as Pepe, Dogecoin, Shiba Inu, and Floki Inu on a ‘MemeVault.’ This is being hyped up as the ‘Meme coin event of the century’ – as you can start earning huge annual yields on your holdings in one ecosystem.
Furthermore, existing $STARS token holders can earn a 3x increase on their APY. 25% of the total $42.069 billion token supply will be distributed through the MemeVault. Another 25% will be allocated directly to investors who stake the $STARS tokens. Currently, Crypto All-Stars is offering an annual staking yield of 720%.
Another 20% of the supply will be distributed through the presale. The revolutionary staking mechanism makes Crypto All-Stars one of the top trending meme coins in 2024. For more information, go through the Crypto All-Stars whitepaper and join the Telegram channel.
| Presale Started | August 2024 |
| Purchase Methods | USDT, ETH, BNB, and card |
| Chain | Ethereum |
| Current Price | $0.0014828 |
| Amount Raised | $2.06 million |
3. Flockerz – Decentralized Meme Coin With Staking and Voting Rewards
Thanks to its generous rewarding mechanisms, Flockerz ($FLOCK) is a trending crypto to buy this year. First, users who buy the token at a discount during the presale can stake it to earn a generous yield of 3,842%. This is a dynamic APY that drops as more tokens are staked.
As a result, early stakers can quickly increase their holdings, which they can later sell – or take advantage of to earn even more rewards once the presale ends. Here’s how: Flockerz aims to become fully decentralized. This means $FLOCK token holders can vote on important decisions like token burns, marketing strategies, launching new features, and more. Those who vote will earn rewards.
For the purpose of distributing rewards for voting, the team has allocated 25% of the total token supply. Staking has the same allocation, meaning 50% of the total token supply will be distributed via rewards. This would give early investors the biggest advantage.
Marketing efforts will get 20% of the allocation, showing the team’s dedication to grow the community and make $FLOCK a truly decentralized meme coin. For more information, check out the Flockerz whitepaper and join their Telegram channel.
| Presale Started | Sept 2024 |
| Purchase Methods | USDT, ETH, BNB, and card |
| Chain | Ethereum |
| Current Price | $0.0057012 |
| Amount Raised | $493,000 |
4. Memebet Token – A Hot New Casino that Offers Meme Coin Betting For High Rewards
Another trending coin to watch out for is the Memebet Token ($MEMEBET). It offers a unique gambling experience on Ethereum by letting users wager with popular meme coins like $DOGE and $PEPE. The platform rewards users with a Play-to-Earn airdrop model and also offers exclusive benefits for $MEMEBET holders.
Memebet Casino targets the growing community of meme traders and crypto gamblers via its fully integrated web and Telegram casino experience. With no KYC requirements and thousands of crypto-native games, Memebet Casino is designed to cater to high-risk, high-reward players looking to maximize their meme coin gains.
It’s worth mentioning that early buyers can grab 70% of the total $MEMEBET token supply of 2 billion at a discounted price during the ongoing ICO. 20% of the supply is reserved for casino and airdrop rewards. Buyers can join the Memebet Token Telegram channel and follow its X account for updates.
| Presale Started | September 2024 |
| Purchase Methods | ETH, USDT, BNB, MATIC, Card |
| Chain | Ethereum |
| Current Price | $0.0256 |
| Amount Raised | $382,000 |
5. Sponge V2 – Trending Crypto Uses the Stake-to-Bridge Mechanism
The next trending crypto right now is Sponge V2 – a new version of one of the most popular tokens of 2023. Sponge is reinventing itself with $SPONGEV2 – a utility token that offers more earning opportunities and use cases.
Through the stake-to-bridge mechanism, Sponge will allow original $SPONGE token holders to access the $SPONGEV2 token. Existing token holders can stake $SPONGE on the recently launched V2 smart contract. Upon staking your tokens, you will earn an equal amount of $SPONGEV2 tokens for free.
Furthermore, your staked V1 tokens will generate APYs (Annual Percentage Yields) for the next 4 years. Holding $SPONGEV2 can lead to huge returns – as the current yearly yields are more than 246%. $SPONGEV2 will also be accessible through an upcoming play-to-earn racing game within the Sponge environment.
$SPONGE has a 150 billion token supply – more than 50% of which is being offered through staking rewards and P2E gaming opportunities. The upcoming launch of the V2 token has brought back attention to Sponge – making it a promising investment for 2024 and beyond.
For more information, read the Sponge V2 whitepaper and join the Telegram channel.
| Presale Started | Dec 2023 |
| Purchase Methods | ETH, USDT, Card |
| Chain | Ethereum |
| Current Price | $0.0000245713 |
| Amount Raised | $340,000 |
6. ShibaShootout – Shiba-Themed Meme Coin Offers Huge Staking Rewards
ShibaShootout ($SHIBASHOOT) is a Shiba-themed meme token that is set in the digital world of the Wild West. This innovative project offers multiple earning opportunities through its staking mechanisms, lotteries, and storytelling modes. On ShibaShootout, $SHIBASHOOT token holders can participate in lotteries to boost their earnings.
The platform also hosts a storytelling mode, allowing users to share their meme coin experiences and win tokens for doing so.
To earn passive income, $SHIBASHOOT holders can stake their coins on smart contracts and earn an APY of up to 904%. Tokens can also be leveraged to access voting rights when deciding future platform proposals. From a total supply of 2.2 billion, 770 million tokens are being allocated for the presale.
Currently, $SHIBASHOOT is priced at $0.0205 per token. Within a few months, the presale has raised over $1.19 million. To learn more about the project, read the ShibaShootout whitepaper and join the Telegram channel.
| Presale Started | April 2024 |
| Purchase Methods | USDT, ETH, BNB, Card |
| Chain | Ethereum |
| Current Price | $0.0205 |
| Amount Raised | $1.19 million |
7. Worldcoin – AI-Oriented Coin With 6.5 million Signups, Founded by OpenAI’s Sam Altman
Worldcoin is a project OpenAI’s Sam Altman launched to become the world’s largest identity and financial network. Those who authenticate their identity through the biometric system on the WLD network will qualify to receive their portion of WLD tokens. Privacy is protected through a zero-knowledge-proof system that allows others to authenticate your identity.
Founded in 2019 by Tools for Humanity, a company run by OpenAI chief executive Sam Altman, Max Novendstern, and Alex Blania, and backed by VC Andreessen Horowitz, it’s clear to say that this project has all the right people to make a project succeed.
At the moment, you can get free Worldcoin tokens for submitting your biometric information to the network, or you can speculate and invest/trade the $WLD token on exchanges. The popularity of this project is backed by the fact that over 6.5 million people in over 160 countries have registered their World IDs.
8. Toncoin – Native Cryptocurrency of the TON Blockchain, Official Web3 Infrastructure of Telegram
Toncoin is currently one of the most popular cryptocurrencies, mostly due to its connections to the Telegram messaging app. After being announced as the official web3 infrastructure of Telegram, projects that developed using the TON network effectively gained access to over 900 million Telegram users. This, alongside the fact that most projects offered on TON came from pre-startups, made it a go-to blockchain for investors looking for 1000x gains as well as a top trending coin.
Toncoin has skyrocketed into the crypto mainstream, becoming the 10th largest cryptocurrency by market cap, and 8th by trading volume after a price spike in spring 2024. $TON is available on numerous crypto exchanges, including Bybit, Gate.io, and MEXC Global.
9. Ethereum – Second Largest Crypto Now with Proof of Stake
Ethereum is already the world’s second-largest cryptocurrency by market cap. However, this large-cap crypto is trending thanks to the approval of the $ETH spot exchange-traded fund (ETF).
Spot $ETH ETF opens up Ethereum to retail and institutional investors who are more acquainted with the stock market and don’t want or couldn’t venture into the world of DeFi or self-custody.
More broadly, Ethereum remains one of the most popular blockchains for developers building decentralized applications and Web3 platforms. Furthermore, it’s become one of the best VR cryptos on the market, as most virtual reality projects run on the Ethereum blockchain. Ethereum’s success at attracting developers means this coin has significant long-term potential, despite the advent of numerous ‘Ethereum killer’ blockchains that promise faster transaction speeds.
The only thing investors need to keep in mind when buying Ethereum is that the transaction fees for this blockchain can be steep. So, it’s a good idea to buy $ETH from an exchange that offers low commissions or reduced gas fees.
10. Uniswap – Trending Crypto for the Largest Decentralized Exchange
Uniswap is one of the world’s largest decentralized crypto exchanges. It offers numerous incentives for $UNI token holders, including voting rights over the future of the platform and a share of profits from the exchange’s fees. The $UNI coin price has held up relatively well even during the crypto winter because of the enduring popularity of this token.
While Uniswap faces competition from other decentralized exchanges like SushiSwap, it remains dominant when it comes to exchange transaction volume. Uniswap offers a huge variety of tokens, so it’s also the gateway for many crypto investors to buy new trending cryptos.
Another reason Uniswap is trending right now is that it runs on the Ethereum blockchain. So, significant changes to Ethereum as it switches to proof of stake could end up having benefits for the Uniswap platform as well. Many users on Reddit and Twitter have been hopeful that gas fees will come down, providing more incentive for crypto investors to turn to Uniswap for crypto transactions.
11. Notcoin – Telegram-Integrated GameFi Token, Primarily Used for Tap-to-Earn
Notcoin is a play-to-earn token integrated into the Ton ecosystem, used primarily in a Telegram tap-to-earn game where players earn $NOT tokens by tapping a virtual coin and completing in-game tasks. The project has attracted close to 40 million users through its community-driven systems.
The project leans heavily on the social aspect of crypto, as well as on the Ton blockchain (which became the talk of the town in recent months). This, alongside its financial incentives for developers and users, made it into a trending, respectable, and potentially lucrative project.
Another appeal of Notcoin is that users can mine $NOT without any initial investment, making it a low-risk entry point into the world of crypto.
12. Solana – High-Speed, Low-Fee Ethereum Competitor With Over 1.6 Million Daily Active Users.
Solana is a fast and cost-effective blockchain created as a challenger to Ethereum. It’s been one of the best-performing layer 1 projects, which is backed by its #5 spot in market capitalization rankings. Solana is now hosting a wide array of projects and has recently become a meme coin hub due to its low transaction costs and high speed. The Solana blockchain, dubbed “Ethereum Killer,” can handle thousands of transactions per second, with transaction fees costing a fraction of a cent.
Its daily active user growth supports the fact that $SOL deserves its place on the trending token list, with numbers reaching past 1.6 million daily active users.
While the blockchain had some issues with stability in the past, its general outlook seems wildly positive, especially due to the number of popular projects deciding to build on this blockchain instead of Ethereum.
What Is a Trending Cryptocurrency?
A trending cryptocurrency refers to a digital asset that is currently gaining market traction – which can happen due to various factors. Technological advancements, strategic partnerships, major exchange listings, or broader bullish market sentiment can drive heightened interest in certain crypto. A trending cryptocurrency often experiences above average trading volumes, an increase in social media mentions, as well as rapid price movements (to the upside or downside).
The concept of a trending cryptocurrency can occur either in isolation or as part of a sub-sector within the crypto market. For example, a single cryptocurrency like Bitcoin or Ethereum might trend due to specific developments such as network upgrades or regulatory news. On the other hand, a subsector within the cryptocurrency space, such as meme coins or non-fungible tokens (NFTs), can also trend collectively. In these cases, multiple projects associated with that subsector gain attention simultaneously, often driven by a shared narrative or market shift.
Understanding these dynamics is crucial for investors, as recognizing a trending cryptocurrency or subsector can provide opportunities for timely investment or strategic trading decisions.
What Are The Top Trending Crypto Narratives in 2024?
As mentioned above, trends can occur either in isolation or as a part of a sub-sector. When it comes to single-crypto trending events, they are hard to catch but very lucrative if done right. However, timing is everything here, and it’s much easier to spot a broader narrative and look at an entire sector based on it. Here are some of the trending crypto narratives that we found interesting.
Layer 2 Meme Coins
While many still consider them a joke, meme coins as a sector have outperformed most asset classes in 2024, and by a large margin. Layer 2 meme coins started to trend as Ethereum-based projects started to suffer from high gas fees. This made meme coins based on other networks (Polygon, Base, etc.) much more attractive, as users could quickly go in and out of positions at close to no cost.
We can asses the amount of influence layer 2 meme coins have simply by looking at social media mentions or the size of their communities, even during pre-sales. Projects like Pepe Unchained or Shiba Shootout have extremely driven communities that are also significant in size.
Real-World Asset Tokens (RWAs)
The tokenization of real-world assets (RWAs) has been a popular idea for over half a decade now. However, several blockchains have recently started to stand out as market leaders in this respect. Real estate tokenization, government notes tokenization, etc., could all be done on a blockchain – and finding a blockchain that succeeds in this regard can make you a fortune.
The risk with RWAs comes in the amount of research required to get a clear picture of the market participants.
PolitiFi Tokens
Designed as a special breed of meme coins, PolitiFi projects capture the attention of the 2024 US elections, as well as other political events around the world. While they are mostly built around poking fun at popular political figures, some have slightly more serious agendas.
PolitiFi tokens are especially trendy in 2024, mainly because of the aforementioned US elections. Many predict that the trend will last until the end of elections, while some believe in the PolitiFi sector’s viability post-elections as well.
These projects are marked by extreme price volatility, and timing your entries means everything.
How We Ranked The Top Trending Cryptos
To identify the top trending cryptocurrencies, we employed a multifaceted approach that captures various aspects of market activity and sentiment. Each factor in our ranking was carefully selected to ensure a comprehensive evaluation, balancing both quantitative data and qualitative insights. The weighting of each criterion reflects its importance in driving a cryptocurrency’s trendiness in the market, allowing us to present a well-rounded view of the current crypto landscape. The factors we included in our rankings were:
- Surge in Trading Volume – 20%
- Price Movement Relative to Bitcoin – 20%
- Social Media Traction – 20%
- Alignment with Trending Narratives – 20%
- Major News or Announcements – 20%
Surge in Trading Volume
Surges in trading volume are a critical indicator of a cryptocurrency’s trending status, reflecting heightened market activity and investor interest.
A significant increase in trading volume (regardless of the price direction) suggests that more market participants are engaging with the asset, whether through buying, selling, or exchanging it. This metric is particularly telling, as it often precedes or coincides with major price movements and can indicate growing confidence or concern among traders.
Price Movement Relative to Bitcoin
Another key factor to our ranking is the price movement relative to Bitcoin, rather than a traditional currency like the US dollar. Bitcoin often pushes the broader crypto market up or down as it moves in a certain direction. However, different cryptocurrencies are affected by Bitcoin’s moves differently – and the correlation between their price movements is called Beta.
Cryptos that have a beta above 1.0 indicate that they are more volatile than Bitcoin – which often means that they outperform it in bull markets and underperform in bear markets. On the other hand, a beta value that’s lower than 1.0 means that crypto is less volatile than Bitcoin, potentially making it more suitable in bearish scenarios.
Social Media Traction
Social media mentions are an essential component of a trending cryptocurrency – and that goes without exceptions. Whether a cryptocurrency garners attention in the form of discussions, mentions, or a surge in its own social media group follower count, this metric predicts the public’s interest in a project very well.
Alignment With Trending Narratives
As we mentioned before, cryptocurrency can become trending individually, or as a part of an existing narrative. Its alignment with trending narratives, such as decentralized finance (DeFi), non-fungible tokens (NFTs), or meme coins, is crucial in determining its trendiness.
Cryptos that not only surge in popularity based on their own news but also based on broader market themes often benefit from increased investor interest and speculation. When a cryptocurrency aligns with a hot topic, it tends to attract more attention from traders, developers, media, and institutional investors altogether.
Major News or Announcements
Last but not least, it goes without saying that major news or announcements heavily affect the trendiness of a cryptocurrency. Whether it is a new partnership, protocol upgrade, or regulatory approval, significant news events can dramatically increase a cryptocurrency’s visibility.
However, while announcements often lead to sharp price movements and increased trading activity, people often speculate on the price before the news comes out, popularizing the term “buy the rumor, sell the news.”
How Do You Find Trending Cryptocurrencies?
One of the most challenging aspects of investing in top trending cryptos can be finding them before they explode in value. This is exactly what the best crypto VC firms try to accomplish. Since many investors are searching for trending cryptos, it’s important to spot momentum early on.
There’s no single database of best crypto to buy now or trending cryptos that investors can go to. Instead, finding cryptos that users are excited about takes some research. In general, social media is the best place to find trending cryptos because that’s where crypto enthusiasts talk about the coins they’re most excited about.
Ultimately, finding trending cryptos comes down to the following:
- Checking a List of Biggest Recent Gainers
- Following Crypto Key Opinion Leaders (KOLs)
- Monitoring Capital Inflow
Lists of Biggest Recent Gainers
When it comes to investing in trending cryptos, it’s been proven that an asset that has been trending up has a higher chance of going up even more. This is why it’s a safer bet to invest in cryptos that are already in the green in the past day, week, or month.
Checking out a list of the biggest recent gainers is the first step to spotting the right trending cryptocurrency for you.
Follow Crypto Key Opinion Leaders (KOLs)
Another way of spotting trending cryptos before they even become trending is to relentlessly follow top crypto influencers. Large influencer project shoutouts often lead to sharp price increases, and following their calls short-term might be a good option. However, make sure to watch for shifts in sentiment, as KOL shoutouts are often short-lived unless they are backed by some other news or announcements.
For example, Twitter is one of the best places to find top trending cryptos. Crypto Twitter is filled with discussions about new and upcoming projects, and it’s often where crypto creators announce their new ideas or crypto presales.
Reddit is another good source of information, especially for investors who want to dig into more details about trending projects. On Reddit, investors can discuss the merits of a specific crypto token and get answers to specific questions about how the tokenomics of a particular coin works.
The best crypto Discord groups are also a valuable resource. Many crypto projects have their own Discord channels, which developers use to provide updates about their roadmaps. In many cases, Discord community members have first access to a new token’s presale.
Finally, YouTube can be a valuable source of information. Many YouTube creators who focus on crypto will highlight coins that they think are worth watching. This can be a quick way to find out about top trending cryptos.
Monitor Capital Inflow
Last but not least, we have capital inflow monitoring. We can divide this by looking at inflows of “smart money” and “dumb money,” meaning funds coming from institutional and retail investors. We can clearly distinguish between a trending and non-trending cryptocurrency simply by looking at the amount it raised, as well as how it raised said funds.
The easiest example would be tracking presales with the highest raised amount (both by its communities and by institutional investors). Presales that raise large amounts of funds usually have strong fundamentals and a higher chance of maintaining their trending status once they get listed on exchanges, giving you a better chance at a strong exit price.
Monitoring presales is as easy as:
- Checking the pre-seed investment and the amount raised by institutional investors.
- Checking a list of presales with the highest amount raised by the community.
- Checking whale trackers in order to spot large players and where they put their money into.
Should You Buy Trending Crypto Coins?
Deciding whether to buy trending crypto coins requires careful consideration, as trending projects can quickly net you a large profit but also a large loss. Prices can often swing wildly, and the momentum that drove a token’s rise can dissipate just as quickly, leading to sharp declines. In this case, deciding whether or not to invest in such projects comes down to timing. If you think you caught a crypto project at the correct time, investing in it is one of the best ways of netting quick profits. On the other hand, putting money into trending coins simply because of the fear of missing out (FOMO) can be a very costly mistake.
As with any investment, it’s crucial to weigh the potential rewards against the risks and to consider how a trending cryptocurrency fits into your overall portfolio strategy.
Pros
- Potential for rapid gains: Trending cryptocurrencies often see quick price increases, providing opportunities for substantial short-term profits.
- Increased Liquidity: Higher trading volumes make it easier to go in and out of positions quickly, reducing the risk of getting stuck in a position with no exit liquidity.
- Market Sentiment Advantage: Riding a positive trend can be advantageous as additional momentum and FOMO can drive prices even higher.
Cons
- High Volatility: The same factors that lead to rapid gains can also result in significant price swings, leading to potential losses.
- Risk of Hype-Driven Investments: Trending cryptos may be driven more by hype than by solid fundamentals, increasing the risk of investing in overvalued assets.
Note: Investing in crypto presales rather than regular trending cryptos eliminates one major downside: getting in at too high a price. When it comes to presales, everyone buys in at the same price as everyone else, despite the fact that it is trending. This could lead to a better entry price and a larger profit margin once the token is listed on an exchange.
Conclusion
Trending cryptocurrencies can be ripe for investment because they often represent strong projects that crypto enthusiasts are excited about.
One of the top trending cryptocurrencies right now is Pepe Unchained ($PEPU). This is a new Pepe-inspired meme coin that is built on the Ethereum L2 blockchain. Pepe Unchained has raised more than $6.1 million on presale.
FAQs
What are the top trending cryptos in 2024?
The top trending cryptos to buy right now include Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), The Meme Games ($MGMES), and BaseDawgz ($DAWGZ).
How do I find trending cryptos to buy?
The best way to find trending cryptocurrencies is to check social media. Twitter and Reddit are good sources of information about new and popular cryptocurrencies.
What is the hottest crypto sector right now?
The hottest crypto sector at the moment surely involves presales and layer 2 meme coins, as well as PolitiFi meme coins.
Should you buy coins after they are already trending?
Tokens that are trending are more likely to continue to trend, as opposed to non-trending cryptocurrencies beginning their trending cycle. Therefore, as long as you are mindful of the entry price and think there is space for it to go up more, there’s nothing wrong with investing in currently trending coins.
What could be the next top trending crypto?
The best contender for the next top trending crypto is most likely another PolitiFi token (until US elections are finalized) or one of the future presales that end up raising a large sum of funds and garnering attention from the broader crypto community.
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