Best Crypto to Buy Now in February 2024

Michael Graw
Last updated: | 31 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.

As the crypto market heats up, many retail and institutional investors are wondering which coins will deliver the biggest gains over 2024 and beyond. With hundreds of mega-cap tokens and thousands of emerging cryptos to choose from, it can be hard to decide what crypto to buy today.

We’ve evaluated hundreds of crypto projects to make your decision easier. In this guide, we’ll highlight 18 of the best crypto to buy now, including Bitcoin, Ethereum, XRP, and more. We’ll also cover 8 new cryptos like Smog, Bitcoin Minetrix and Sponge V2 that have the potential to explode this year.

Keep reading to find our top picks for February 2024. Remember that you should always do your own research before you make any kind of investment.

Best Crypto with Highest Potential

  1. Smog – Crypto with best potential
  2. Sponge V2 – Best stake-to-bridge coin
  3. BTC Minetrix – Best stake-to-mine crypto
  4. Meme Kombat – Best P2E coin
  5. eTukTuk – Best eco-friendly meme coin
  6. 5th Scape – Best VR coin
  7. Green Bitcoin – Best price prediction token
  8. Poodl Inu – Best dog-themed meme coin

Top Crypto to Buy Now

  1. Bitcoin – Best for long-term holding
  2. Ethereum – Best for data storage
  3. XRP – Best for currency exchanges
  4. Solana – Best for smart contracts
  5. BNB – Best for paying exchange fees
  6. Dogecoin – Best for online gambling
  7. Polygon – Best for scalable blockchain projects
  8. Chainlink – Best blockchain oracle
  9. Tron – Best decentralized finance blockchain
  10. Avalanche – Best Ethereum competitor with momentum

Best Crypto to Buy Now


We’ll start our list of the best cryptocrurrencies to buy now with 10 large-cap tokens that we think could deliver market-beating returns over the next crypto bull market.

1. Bitcoin

Bitcoin is the world’s oldest cryptocurrency and the largest crypto 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. Recently, the first spot Bitcoin ETFs began trading on US stock exchanges.

Market cap: $1.01 trillion

12-month return: 110.80%

Bitcoin Price Chart

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.

BTC is now trading over $50,000, well over the key $42,000 price benchmark set during the 2020-21 crypto bull run. That provides a major psychological boost that’s likely to provide BTC with important momentum over the coming months.

Bitcoin could see even more gains thanks to the launch of spot Bitcoin ETF trading in the US. As more brokers and investment managers offer these ETFs to clients, demand for Bitcoin is expected to soar.

2. Ethereum

Ethereum is the world’s second-largest crypto by cap 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 successfully transitioned from a proof-of-work validation mechanism to a proof-of-stake mechanism in 2022.

Market cap: $342.8 billion

12-month return: 68.98%

Ethereum Price Chart

Why Ethereum made it onto our list:

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

There’s a flywheel effect at play here. As Ethereum gets bigger, more developers will build on it and encourage even more users to join. All the while, demand for ETH will grow and its value will go up.

Ethereum successfully fended off challenger blockchains like Cardano and Solana during the last crypto bull market. Now, the focus is on Layer-2 solutions that improve the speed of the Ethereum network and boost Ethereum’s value rather than on building new blockchains to try to knock down the smart contract king.

3. XRP

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 6th largest crypto by cap.

Market cap: $30.7 billion

12-month return: 40.85%

XRP Price Chart

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 only slightly since its court victory last summer, leading many analysts to think that it is undervalued. More interest in using XRP for international payments during the upcoming crypto bull market could send its price skyrocketing.

4. Solana

Solana is a fast and cheap blockchain created as a challenger to Ethereum. It’s been one of the most successful crypto tokens of the resurgent crypto bull market, gaining more than 300% between October 2023 and February 2024. Solana is now the 5th-largest crypto by cap.

Market cap: $49.8 billion

12-month return: 376.99%

Solana Price Chart

Why Solana made it onto our list:

No cryptocurrency has as much momentum as Solana does right now. It has been on an uninterrupted winning streak for the past several months, gaining nearly 5x in value and experiencing a surge in developer interest.

Solana’s performance is even more impressive considering where the project was a year ago. It was a favored project of disgraced FTX founder Sam Bankman-Fried, and many analysts thought Solana would simply disappear after FTX collapsed.

Solana has demonstrated that it’s highly resilient. While we don’t think Solana will challenge Ethereum for dApp dominance, it could earn enough market share to see $SOL become quite valuable.

5. BNB

BNB is the official cryptocurrency of Binance, the world’s largest crypto exchange. It offers discounts on trading and benefits like early access to new crypto launches on Binance. It’s the 4th-largest crypto by cap.

Market cap: $53.3 billion

12-month return: 9.60%

BNB Price Chart

Why BNB made it onto our list:

BNB’s performance over the past year hasn’t been impressive. For much of the year, it was actually 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.

It might take time for BNB’s price to reflect this good news, but we think Binance is a great business at the center of the crypto world. It’s likely to see continued long-term growth.

6. Dogecoin

Dogecoin is the original meme coin, 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.

Market cap: $12.3 billion

12-month return: -4.89%

Dogecoin Price Chart

Why Dogecoin made it onto our list:

Although Dogecoin is down over the past 12 months, we think it’s poised for a comeback. Meme coins have always fared well when the crypto market is hot, and it is heating up right now.

In addition, Dogecoin is at this point more than just a meme coin. It’s widely accepted for payments in the crypto world, and increasingly in the real world as well. Dogecoin has proven that it can fend off challengers like Shiba Inu and Pepe, giving us confidence this meme coin is here to stay.

While likely still far off, it’s even possible that Dogecoin could get its own ETF one day. If that happens, look for the price of $DOGE to head to the moon.

7. Polygon

Polygon is a Layer-2 solution for Ethereum that makes it faster and cheaper to run transactions on the Ethereum network. It recently announced a major upgrade to Polygon v2, which includes transitioning the $MATIC token to a new $POL token. $MATIC will be transferable to $POL at a 1:1 ratio.

Market cap: $8.6 billion

12-month return: -32.09%

Polygon Price Chart

Why Polygon made it onto our list:

Polygon suffered badly over the past two years as network activity on Ethereum dropped and competing Layer-2 solutions like Eigenlayer, Arbitrum, and Optimism gained traction. Polygon is responding with a massive development effort that includes retooling nearly every aspect of its network.

This effort involves transitioning from the $MATIC token, which is used to pay for transactions on Polygon, to a new $POL token that will offer increased staking rewards. While this transition hasn’t yet had a major impact on $MATIC’s price, we think gains will arrive as Polygon finishes the first milestones on its new roadmap.

On top of that, Polygon stands to benefit from Ethereum’s flywheel. As crypto rebounds and development on Ethereum spikes, transaction volume on Polygon should increase as well.

8. Chainlink

Chainlink is a blockchain oracle network. It enables blockchains like Ethereum to collect real-world data, such as stock prices, sports scores, and more. The project’s native token, $LINK, is used to pay for access to data and is the 12th-largest crypto by market cap

Market cap: $11.7 billion

12-month return: 172.48%

Chainlink Price Chart

Why Chainlink made it onto our list:

Chainlink’s oracle services are crucial to the smooth functioning of the Ethereum network and the many thousands of dApps built on it. Thanks to Chainlink, smart contracts can collect real-world data required for decentralized finance, sports betting, Internet of Things applications, and more.

Chainlink stands to benefit from renewed development on Ethereum and increased interest in DeFi especially. The more dApps there are using Chainlink’s data, the more fees the network collects and the more the $LINK token gains value.

Chainlink has more than doubled in value in the last year and has a lot of momentum heading into the latest bull run. We expect to see that momentum increase in 2024.

9. Tron

Tron is a blockchain launched in 2017 with the goal of democratizing media consumption and eliminating middlemen on the internet. It’s since morphed into an Ethereum competitor, taking on roles in DeFi and general dApp development. However, Tron remains much smaller than Ethereum, with a market cap of around 1/30th that of Ethereum

Market cap: $11.5 billion

12-month return: 86.37%

Tron Price Chart

Why Tron made it onto our list:

Tron is one of the fastest-growing blockchains and it’s increasingly important in the world of DeFi. It’s now home to the majority of USDT and USDC stablecoins, which are used for everything from crypto trading to lending to staking.

That has resulted in Tron becoming the second-largest blockchain for total value locked (TVL) behind Ethereum. TVL growth demonstrates a long-term commitment to the Tron blockchain that has translated into significant gains for $TRX.

On top of that, Tron could see massive growth if it achieves its original aim of becoming a hub for decentralized content. Media companies are in turmoil right now, which could present an opening for Tron to step into.

10. Avalanche

Avalanche is an ultra-fast blockchain and Ethereum competitor launched in 2020. It uses smart contracts and a proof-of-stake validation mechanism, similar to Ethereum, but offers more scalability for dApp developers. Avalanche’s $AVAX token is now the 9th-largest crypto by cap.

Market cap: $15.3 billion

12-month return: 109.15%

Avalanche Price Chart

Why Avalanche made it onto our list:

Avalanche is a high-momentum project that’s nearly doubled in value in the past 5 months. That momentum shows no signs of slowing down now, which means that even bigger gains could be on the way for $AVAX.

The gains in Avalanche are being driven by strong fundamentals, including more developers flocking to this blockchain. It remains one of the strongest Ethereum competitors, expanding slowly and methodically rather than going through boom and bust cycles like Solana and Cardano.

Avalanche is focused on tokenizing real-world assets and GameFi, which are expected to be leading areas of development in the crypto sphere. So, look for $AVAX to be a standout token over the next 12 months.

Best Cryptos with Highest Potential to Buy Now


Our list above of the best cryptocurrency to buy now focuses on promising large-cap cryptos. However, we also think it’s worth highlighting emerging small-cap crypto tokens that offer potentially high risks and high rewards. New tokens have been known to explode 100x or more, but retail investors in particular should also be aware that they could lose value.

  • 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
  • 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
  • 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
  • Over $5m raised indicating huge potential
  • Stake during presale with over 170% APY
  • Innovative P2E game based on meme battles
Project Launched
2023
Meta
Meme, P2E
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • 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 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
  • Up to 500% staking rewards
  • Innovative predict-to-earn model
  • Gamified green staking
Project Launched
2023
Meta
Predict to earn
Purchase Methods
  • Bank Card
    Bank Card
  • usdt
    usdt
  • ETH
    ETH
  • Daily passive staking income
  • 250k giveaway participation
  • Free casino credits
Project Launched
July 2023
Purchase Methods
  • usdt
    usdt
  • bnb
    bnb
  • ETH
    ETH
  • Unique project using AI to improve security in crypto
  • Over 14900% staking APY
  • AI crypto chatbot & exchange in development
Project Launched
December 2023
Meta
AI
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Trending new meme coin presale with 6.9Bn total supply
  • Buy and stake $POODL to earn rewards of 12397% p/a
  • 30% of the token supply has been allocated to staking
Project Launched
February 2024
Purchase Methods
  • bnb
    bnb
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more

With that in mind, here are 7 of the best new crypto to buy now with explosive potential.

1. Smog – Best New Crypto Offering Staking and Airdrop Rewards, up by 5,200% Within One Week

At the top of our list for the best cryptocurrency right now is Smog ($SMOG) – a new multi-chain meme coin. This new cryptocurrency has recently conducted its fair launch – listing straight on the Jupiter DEX on Solana. Since this is a multi-chain token, you can buy $SMOG with ETH or USDT on the Smog website and you can stake it for 42% APY.

Smog homepage

The token opened with a $2 million market cap and soared to more than $28 million in under 24 hours – a price rise of over 1,300%. Since then, it’s continued its upward trajectory and is up more than 5,200% after a week since launching.

Smog promises huge airdrop giveaways. The ultimate goal for Smog is to become the biggest token on the Solana blockchain.

To achieve this, it has allocated 50% of its 1.4 billion supply for marketing campaigns. With the recent success of meme coins such as Bonk and Pepe Coin, Smog can become the next big player in this space. It is already attracting holders, which will distribute 490 million tokens.

$SMOG holders can generate airdrop points and receive huge rewards by holding the token. Smog has also reserved 140 million tokens for future centralized exchange listings.

If the token maintains this stellar performance, it can be listed on tier-one cryptocurrency exchanges such as Binance and Coinbase.

Stay updated with this cryptocurrency by reading the Smog whitepaper and joining the Telegram channel.

 

2. Sponge V2 – Explosive Meme Coin Offering Stake-to-Bridge Rewards

Sponge V2 is an updated version of the ultra-popular $SPONGE meme coin, which exploded to a nearly $100 million cap in the spring of 2023. The team behind $SPONGE aims to deliver another 100x return with the V2 token and achieve listings on Tier-1 crypto exchanges like Binance and OKX.

Sponge V2 token presale

The only way to get Sponge V2 right now is to buy the V1 token and stake it to bridge to V2. Staked V1 tokens will be permanently locked and investors will receive rewards in $SPONGE V2 tokens for the next 4 years.

$SPONGE has a community of more than 11,500 holders behind it and nearly $8 million worth of $SPONGE has already been staked to bridge to V2. For a limited time, new investors in $SPONGE will receive a 100% purchase bonus in V2 tokens. Follow the project on X, Telegram, and Discord for updates about the V2 launch.

 

3. Bitcoin Minetrix – Bitcoin Mining Crypto Making Mining Easier Than Ever

Bitcoin Minetrix ($BTCMTX) is a new crypto project that’s making it easier than ever for individuals to mine Bitcoin. Users can stake $BTCMTX and earn mining credits that they can redeem for hashpower. Bitcoin Minetrix has its own beginner-friendly mining software and users earn BTC rewards when they redeem their tokens.

Bitcoin Minetrix Presale Module

The project solves several pressing issues for individuals interested in Bitcoin mining. It requires no investment in mining rigs and no experience with hashing algorithms. Most important, users don’t have to send their hard-earned crypto to a third-party miner to rent hashpower.

Bitcoin Minetrix has proven extremely popular, raising more than $10 million already through its presale. Read the Bitcoin Minetrix whitepaper and join the Telegram channel to learn more about this stake-to-mine project.

 

4. Meme Kombat – Play-to-Earn Crypto Pitting Memes in Combat

Meme Kombat is a new play-to-earn crypto game where top memes battle it out as $MK holders bet on their favorites. The tournament-style game will feature combat between memes like Doge, Shiba Inu, Pepe, Wojack, Spongebob, and more.

Meme Kombat-game

Investors in the $MK token can bet on each fight and earn rewards if they win their wager. In addition, Meme Kombat offers staking rewards for holders who prefer to stake rather than bet.

Meme Kombat’s presale has sold more than $8 million worth of $MK. During the presale, investors in $MK can stake their tokens and earn up to 106% APY. Check out the Meme Kombat whitepaper and follow the project on X and Telegram to get the latest presale updates.

5. eTukTuk – Sustainable Crypto Promoting EV Adoption in Developing Countries

eTukTuk is a green crypto project accelerating the shift to electric vehicles in developing countries. It’s working on building a new, highly affordable electric tuktuk for South Asia as well as a network of EV chargers to power those tuktuks.

etukutk token presale site

eTukTuk’s ultimate goal is to create a charging ecosystem that saves tuktuk drivers money, reduces air pollution, and incentivizes equipment owners to build more charging stations. Meanwhile, $TUK investors can earn rewards from the fees that drivers pay to charge their electric vehicles.

The eTukTuk presale has raised more than $1 million and has the potential to reach an audience that the crypto world has mostly ignored up until now. Join the eTukTuk Telegram channel for more information about the presale.

6. 5th Scape – Virtual Reality Project Developing VR Games and Hardware

5th Scape is a new virtual reality (VR) project developing blockchain-based VR games and cutting-edge headset technology. The project has the potential to outcompete the Meta Quest and Oculus Rift for gaming and metaverse applications.

5th Scape Presale Homepage

5th Scape is led by an experienced team of VR developers, and the team is already hard at work on its first games. A game called ‘Cage Conquest,’ which puts players in the middle of an MMA fight, is expected to launch later this year.

Investors in the 5th Scape presale will receive lifetime access to the project’s first games as well as the opportunity to earn staking rewards. The presale has already raised nearly $500,000. Join the 5th Scape Telegram channel to learn more.

7. Green Bitcoin – Gamified Price Prediction Crypto with Generous Rewards

Green Bitcoin is a unique project that combines long-term value with a play-to-earn game. $GBTC holders can guess the price of BTC each day. Players who guess correctly are rewarded with extra rewards from the project’s staking pool.

Green Bitcoin presale

Green Bitcoin is also offering massive staking rewards ahead of the game’s launch. Right now, presale investors can earn up to 284% APY on their staked $GBTC. More than two-thirds of all purchased tokens have been staked.

The $GBTC presale has raised more than $1 million so far. Follow the project on X and Telegram to get the latest updates about the predict-to-earn game development.

8. Poodl Inu – Latest Meme Coin With Over 9,000% Staking APY

Poodl Inu is the latest dog-themed meme coin that offers a generous staking rewards of over 9,000% APY during its presale. All you have to do to earn these rewards is purchase POODL tokens during the presale and stake them. Simply connect your MetaMask, or any other Ethereum-based wallet, and use ETH, USDT or a card.

Poodl Inu presale

Once the presale ends, you’ll be able to claim your tokens and all the accrued rewards. There’s a total of 6.9 billion, per the Poodl Inu whitepaper, half of which made available for the presale, and 30% for the staking rewards. This should put most of the tokens in the hands of early investors.

Follow Poodl Inu on X and join the Poodl Inu Telegram channel to stay up to date with the presale.

How We Rated the Best Cryptos to Buy Now


To curate this list of the best cryptos to buy now we looked at various factors including historical performance, potential for growth and long-term potential, current price, utility, and security. For new projects currently on presale we also analyzed their teams, whitepaper, tokenomics, and roadmap to ensure they are legitimate projects that offer no risk of being a scam. Here’s how we weighted every aspect of the best cryptos to buy now.

Market Performance (25%)

  • Recent Price Trend: We assessed the crypto’s price movement over the past three to six 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.

How to Find the Best Cryptos to Buy


In this section, we will 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 is wise to consider what is the long-term potential of the crypto assets. 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 projects should have a bright future ahead of them. For instance, XRP has formed partnerships with over 200 banks.

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.

Crypto Presales

Cryptocurrency presales distribute a portion of a project’s tokens to early investors on a first-come, first-serve basis. By investing in a presale, investors can acquire coins before they are listed on cryptocurrency exchanges and before they are available to trade amongst the general public. 

Wondering how much to invest in crypto assets? Many investors will have missed the opportunity to buy BTC at under $100 or Ethereum at below $1. Fortunately, there are plenty of other opportunities to target similar gains.

One of the best ways of achieving this goal is to search high and low for solid presale projects, which are often referred to as crypto ICOs (initial coin offerings). For example, in late 2022 Tamadoge was on sale for $0.01 in the first stage of its presale before reaching a peak of $0.194 after listing on exchanges – nearly 2,000% gains from that price. Crypto presales tend to offer more room to grow as they sell tokens at lower than their true value to fund development.

However, 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.

Utility

Cryptocurrency projects offering high utility 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.

total value locked ethereum and other chains

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 peaked in late 2021, it surpassed a market capitalization of over $1 trillion. In theory, this means that the upside is potentially limited with Bitcoin, as it has already witnessed significant levels of growth.

Should Bitcoin break a new all-time high in the coming months it would represent a 92% price increase from the price at the time of writing – an excellent ROI but one that can be beaten in other parts of the cryptocurrency market.

Smaller market caps projects, such as trending meme coins, have much larger room for growth as it doesn’t take so much investment to see their price increase. For example, in the past week alone five meme tokens listed on CoinMarketCap have seen a price increase of more than 100% beating what Bitcoin investors hope to achieve in the next 12 to 18 months – there will be dozens more if one navigates around the site.

Of course, small market cap tokens come 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 coins, they are also more likely to plummet in price.

Competition

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 layer-2 solution Polygon, which is capable of faster speeds and cheaper transactions than Ethereum, but has yet to gain the same footing with consumers.

crypto-market-currency-prices

The same is true of ‘DOGE Killers’, meme 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 – if not hundreds – 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.

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.

axie infinity price chart

Axie Infinity (AXS) is one such example as it grew more than 3,300% – rising from under $5 to over $160 – from June 2021 to November 2021, as players across the world invested in their NFTs and cottage industries were developed with players earning incredible sums.

At its peak, the game had almost 3 million daily active users and a market cap of almost $10 billion, a piece of virtual land in its metaverse sold for over $2 million, and players in developing countries were earning up to 5x their regular wage.

However, complaints over the gameplay and the price of the NFTs needed to play it quickly saw the hype die away. By January 2022, the market cap had dipped to $3 billion and the price to under $50. Its secondary token SLP lost 99% of its value just a month later and then the protocol suffered a $600 million hack from North Korea from which it has never recovered.

According to DappRadar, there are just 13,500 daily active players at the time of writing, with the price around $6.

Investing in a trending token can bring huge rewards but investors should be diligent to take profits and/or cash out when that trend starts to die unless they want to be left holding a worthless bag of nothing.

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


These 17 cryptocurrencies stand out as the best crypto to buy right now. Each of them offers the potential for market-beating returns.

The large-cap tokens proved they could withstand the crypto winter and come out with momentum on the other side. The new tokens we covered address new markets and could explode upwards after launch.

Overall, we think Bitcoin is the best established crypto for investors, while Smog takes first place as the best new crypto to buy now.

Frequently Asked Questions (FAQs)

Which is the best crypto to buy?

The best cryptocurrency to buy right now is Bitcoin. Not only is it the world’s most valuable cryptocurrency, but it 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 may consider Bitcoin Minetrix, a new stake-to-mine token.

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 new cryptocurrencies to invest in?

The best new cryptos to invest in today include Bitcoin Minetrix, Sponge V2, and Meme Kombat. These new cryptos are more speculative than established, large-cap tokens, but they also offer potential returns of 100x or more.

Which crypto has the most potential in 2024?

Bitcoin Minetrix is a new cryptocurrency with the most potential to explode in 2024. This stake-to-mine token makes cryptocurrency mining easier than ever and reduces the risks of renting mining power through the cloud.

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. The best new meme coin to buy now is Sponge V2, which is an update to the $SPONGE token that gained nearly 100x when it first launched in 2023.

References

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.