16 Crypto That Will Make You Rich in 2024

The crypto market has been recovering in 2024, alongside the Bitcoin rally. With BTC at resistance, many investors are looking to rebalance their portfolios with digital assets that have the most potential to explode.

Looking for crypto that will make you rich? In this guide, we explore the best cryptocurrencies to consider investing in right now.

The 16 Crypto That Could Make You Rich

Consider the list of cryptocurrencies below that could help investors grow their portfolios in 2024.

1. Dogeverse – Top multi-chain Doge coin can make you rich. Get 1,600% staking APYs.
2. 5th Scape – Technology crypto merges VR and blockchain via hardware and games.
3. Dogecoin20 – Top crypto that can make you rich through staking yields. $10M raised.
4. Sponge V2 – Sponge V1 did 100x from its presale price, Sponge V2 aims to outperform.
5. eTukTuk – Crypto fighting climate change with electric tuk-tuks, raised over $1.9M.
6. Bitcoin Minetrix – Stake-to-mine crypto, raised over $12 million in a presale.
7. Scorpion Casino – Earn revenue share from this crypto casino, raised close to $5M.
8. WienerAI – Dog-themed meme coin, offering over 3,500% staking APY.
9. Mollars – Innovative DeFi token with gaming and Web3 integration, raised $850K.
10. InsanityBets – New crypto casino token, get staking yields and early access to games.
11. Bitcoin – The largest cryptocurrency by market cap and a household name.
12. Arbitrum – Layer-2 Ethereum blockchain with faster and cheaper transactions.
13. Aptos – Layer-1 PoS blockchain with 150,000 theoretical transactions per second.
14. Polygon – Layer 2 Ethereum blockchain, bringing scalability and faster transactions.
15. Ripple – Scalable crypto payment protocol used by a banks and financial institutions.
16. Ethereum – One of the largest cryptos in the world, which can deploy smart contracts.

The best digital tokens for an individual’s crypto portfolio will ultimately depend on their risk profile and investment style.

Read our reviews in the following sections to find out more about the top crypto gainers to consider investing in right now.

A Closer Look at the Cryptos That Will Make You Rich

It can be challenging to know which will be the next cryptocurrency to explode. With that said, investors can pick out possible candidates based on trends, utility, and scope for growth.

In this section, we take a closer look at some of the top crypto that will make you rich – based on their past performance and estimated future potential.

Do note, however, that the views expressed in this guide are those of the author and thus -independent research is crucial. 

1. Dogeverse ($DOGEVERSE) – Top Multi-Chain Meme Coin, Huge Growth Potential Ahead of Doge Day 

Dogeverse ($DOGEVERSE) is one of the top cryptos that can make you rich. Despite being a Doge-themed token, Dogeverse offers multiple use cases. 

It is the first Doge token to support blockchain interoperability across six networks and can be staked to generate huge annual yields. Off to a great start through its presale campaign, Dogeverse has raised more than $825K in 24 hours. 

As Doge Day, which takes place on April 20th, is expected to increase the demand for similar tokens, Dogeverse has the potential to make early investors rich. Being a multi-chain token, $DOGEVERSE token holders can seamlessly navigate across the Ethereum, Solana, Polygon, Avalanche, Base, and Binance blockchains. 

Thus, you get to access high throughput, security, and low gas fees. This cryptocurrency is inspired by Cosmo, the chain-hopping Doge, symbolizing the interconnected universe that Dogeverse is building for Doge lovers. 

To generate further returns, investors can stake their holdings on the staking mechanism. Currently, one can earn 1,600% APYs (Annual Percentage Yields) by staking $DOGEVERSE. From a total supply of 200 billion, 20 billion tokens will be allocated as staking rewards. 

Another 30 billion tokens are being offered through the presale. Stay tuned for further details by going through the Dogeverse whitepaper and joining the Telegram channel. 

2. 5th Scape – New Crypto Project That Combines Virtual Reality Technology and Blockchain

The 5th Scape ($5SCAPE) token is one of the best cryptos that will make you rich in 2024. That’s because this innovative project merges VR technology, including VR games, a headset and a chair, and blockchain. And the 5SCAPE token will be used to gain access to exclusive content, get discounts or be used as a means of payment within the ecosystem.

The token is now available in a presale, which will run in 12 rounds. Currently, $5SCAPE is priced at $0.00248 per token. While the final round will have a price of $0.0087 per token. Once the token is listed on exchanges at a price of $0.01, the difference between the first presale round and listing price will be over 300%.

This could make it a potentially lucrative investment early on. To buy the tokens, you need ETH or USDT coins. Once you buy the tokens, they will be locked until the presale ends. After that, a portion of your tokens will be unlocked, while the remaining tokens will be vested, according to 5th Scape whitepaper.

Follow 5th Scape on X and join the 5th Scape Telegram channel to get the latest information. Also, join the 5th Scape Discord if you want to engage with the community.

Presale Started	Jan 2023
Purchase Methods	ETH, USDT
Chain	Ethereum
Min Investment	None
Max Investment	None

3. Dogecoin20 ($DOGE20): Top Crypto Offers 90% Staking Yields, Over $10M Raised

Dogecoin20 ($DOGE20) is a meme coin that offers utility through its staking mechanism. It is a crypto that can make you rich due to its high staking yields, presale success, and strong tokenomics. 

Unlike Dogecoin, Dogecoin20 is built on the sustainable proof-of-stake (PoS) consensus. This algorithm uses far less energy than Dogecoin’s proof-of-work consensus. Furthermore, Dogecoin20 supports staking benefits through its smart contract. 

Therefore, $DOGE20 token holders can earn up to 90% APYs (Annual Percentage Yields) by locking in their holdings on the staking mechanism. So far, more than 31 million tokens have been staked on the smart contract. 

Dogecoin20 is also one of the few meme coins to offer a limited token supply. This helps create scarcity – since the price increases as the demand goes up. From a total supply of 140 billion tokens, 25% have been set aside for the ongoing presale. 

In only a few weeks, Dogecoin20 has raised more than $10 million. Another 15% of the supply will be offered as staking rewards. Once the presale ends, $DOGE20 will be listed on the Uniswap decentralized exchange. 

For more information, read the Dogecoin20 whitepaper and join the Telegram channel. 

4. Sponge V2 – New Meme Coin Offers 176% Staking APYs

Sponge V2 ($SPONGEV2), the upgraded version of Sponge V1, which was a popular meme coin in 2023, returning 100x to early investors. The newest version aims to repeat the success but this time by launching a play-to-earn game inspired by popular meme characters.

Holders of the Sponge V1 can stake their tokens to earn the V2 tokens. Those that don’t have V1 tokens but want to get the V2 tokens can visit the Sponge V2 website and use ETH or USDT to buy the tokens.

Make sure to stake your tokens as soon as you buy them to earn over 176% APY. Based on the Sponge V2 whitepaper, there will be a minimum of 40% staking APY for the next four years. This isn’t surprising, given 43% of the total token supply is dedicated to staking rewards.

Once the staking ends, the second stage of the project roadmap begins. This marks the listing of the $SPONGEV2 token on major exchanges, as well as enabling token claims. In the third and final stage of the roadmap, the play-to-earn game will be released.

For more information on this token, join the Sponge V2 Discord and Telegram channel.

5. eTukTuk – Utility-Based BSC Token Provides 126% APY

eTukTuk (TUK) is a crypto that would definitely make certain people rich, with sky high 126% PoS yields and a token that has many layers of utility.

eTukTuk is targeting the transport sector in Sri Lanka, and hopes to spread to many surrounding regions. Its aim is to replace TukTuks, a form of 3-wheeled vehicle common to Asia, with more efficient Zero Emission Vehicles (ZEVs) that are powered by electricity.  By doing so, it will increase the economic well being of drivers while simultaneously cutting down on carbon emissions significantly.

Sri Lanka rates poorly in terms of environmental pollution, and the Whitepaper further articulates the detrimental effects of air pollution, with its associated medical costs. These new ZEVs will be more eco-friendly than both cars and TukTuks. They will further be augmented by AI for route optimization and to promote vehicle longevity. The vehicles will also be far cheaper with no fuel costs, which will be very beneficial for drivers.

This is a BNB Chain token, and the founders choose this token due to its low cost, speech, and low carbon footprint. However, it takes a multichain approach, and currently supports other chains such as Cardano.

The TUK token will be used for research into green initiatives. It also aims to bank the unbanked and create its own sharing economy. Both of these ideas have been expressed many times by crypto projects, but have yet to come into full fruition.

In other words, this is an ambitious project that is aiming to tackle many socio-economic problems at once, through the introduction of its electric vehicles. If it catches the attention of government departments or big companies, the price could certainly explode.

After all, Sri Lanka and other areas are in need of solutions that assist in terms of pollution, which is an issue of national concern. The transport industry is a huge part of revenue generation for such regions, and a commonly accepted transport token could be of huge benefit.

The price per token is just $0.028, with more than $1.9 million raised in the presale so far. More details can be found in the Telegram and Twitter social media channels.

Presale Started	August 2023
Purchase Methods	ETH, USDT, BNB
Chain	Binance Smart Chain
Min Investment	$5
Max Investment	None

6. Bitcoin Minetrix –  Popular Token Presale With Staking Rewards & Cloud Mining

Bitcoin Minetrix ($BTCMTX) is a trending crypto presale due to its new-age approach to Bitcoin cloud mining. The platform has seen significant investor interest since it launched and has now raised over $12 million in a few months.

Buyers can also immediately stake tokens and earn a current APY of 57%.

With a soft cap of $16 million, the platform plans to allocate 42.5% of the funds for mining operations and 7.5% for staking activities.

What sets Bitcoin Minetrix apart is its innovative Stake-to-Mine feature. Unlike traditional cloud mining, which usually requires upfront payments, this model offers a safer entry point into the mining ecosystem. Users stake $BTCMTX tokens in exchange for non-tradable ERC-20 ‘mining credits.’ When burned, these credits unlock a specific cloud mining period, and you get a share of the generated revenue.

The platform prioritizes user control and security. You can un-stake your tokens and sell them at market rates after a predetermined period.

This flexibility is a refreshing change from conventional mining contracts, which often lock in users’ funds. A third-party audit has verified the platform’s smart contract, further solidifying its credibility.

Per the Bitcoin Minetrix whitepaper, the platform features an integrated dashboard accessible via desktop or mobile. It offers a comprehensive view of your mining activities, including projected daily, weekly, and monthly earnings and detailed stats on your mining credits and hashing power.

One of the standout attributes of Bitcoin Minetrix is its eco-friendly mining operation. It’s in sync with the increasing eco-consciousness within the crypto community, making the project financially and environmentally appealing.

The project has issued 4 billion $BTCMTX tokens, with 2.8 billion earmarked for the presale. As the token price is set to rise during the presale stages, early investment could yield higher returns.

You can follow Bitcoin Minetrix on their Telegram channel or X (formerly known as Twitter) for up-to-date information.

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

7. Scorpion Casino – This Crypto Casino and Betting Platform Offers Returns in More Ways Than One

The crypto casino market has witnessed significant growth over the past few years, with numerous projects gaining immense popularity in a short period. However, there is one new project and platform poised to disrupt this niche.

The project has raised nearly $5M in its presale at the time of writing.

Introducing Scorpion Casino, a revolutionary betting platform leading the industry into the future. The core objective of this project is to provide users with a seamless and enjoyable gaming experience while enabling everyone to earn. With the global online betting platform valued at an estimated $530.2 billion, Scorpion Casino has a remarkable opportunity to capture a substantial share of this market. Furthermore, the online betting market itself is projected to reach $145.6 billion by 2030, underscoring its significance and potential.

Scorpion Casino’s ecosystem comprises three key elements: the Scorpion Casino platform, the affiliate system, and the SCORP token. The platform itself is a licensed crypto sports betting and casino platform, while the affiliate system operates as a referral and reward mechanism. The SCORP token functions as a governance and reward token for users, completing the ecosystem and enhancing its functionality.

Scorpion Casino boasts an impressive selection of over 200 licensed casino games and 160 live games, ensuring a fair and enjoyable gaming experience. Players can indulge in a variety of popular games such as slots, blackjack, roulette, poker, and live casino offerings. The casino has established connections with renowned providers, including Evolution, NetEnt, Play N Go, Novomatic, EGT, and AMATIC. In addition to the casino games, Scorpion Casino offers a wide range of sports betting options encompassing football, tennis, American football, horse racing, basketball, golf, boxing, and MMA.

Scorpion Casino also has the Elite Scorpion Members Club, an exclusive membership program that grants access to VIP service, cashback, additional staking rewards, and extra SCORP tokens.

The SCORP token assumes a central role within the ecosystem, providing users with four major benefits. Firstly, it serves as the exclusive payment method within the ecosystem. Token holders also have the opportunity to earn passive income through their holdings. Additionally, the token unlocks weekly bonuses and free games, enhancing the overall user experience. Moreover, the SCORP token plays an integral part in the affiliate system.

With a total supply of 1 billion, the SCORP token designates 280 million tokens for the presale phase and reserves 300 million tokens for rewarding affiliates.

The Scorpion Casino team has unveiled an exciting roadmap that encompasses various upcoming developments. These include live affiliate events, strategic partnerships, targeted marketing campaigns, and collaborations. The team’s focus for the latter half of the year is to scale the platform, aiming for significant expansion and growth.

8. WienerAI – Dog-Themed Meme Coin Offering Over 3,500% Staking APY

As the meme coin mania continues to captivate the crypto world, WienerAI ($WAI) offers investors an opportunity to increase their bags. With its strategic roadmap and community-oriented tokenomics, the dog-themed token is seeking to outperform other meme coins in the market. 

To further enhance its appeal and sustain a vibrant community, the project team has set aside 20% each for staking and community rewards. If you buy and stake $WAI during its presale, you’ll receive a 3586% return on your investment. However, the reward is expected to drop as more tokens are being staked. 

That said, $WAI’s presale is still live, meaning interested parties can still buy the token at a discounted rate. With 30% of the total supply dedicated to this event, the team behind WienerAI has provided investors with more than enough opportunity to gain early exposure to the token. 

WienerAI’s presale has a tiered structure, and the price for the current stage has been set at $0.00030. So far, the project has raised over $230k out of its $381,622 target for the round. This simply means investors are massively participating in the presale.

Are you interested in buying $WAI? Visit the official website of the project through the link provided below. Beware of copycats and avoid phishing websites. 

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

9. Mollars – Innovative DeFi Token With Gaming and Web3 Integration

Next on our list of cryptos that can make you rich is Mollars. It is an innovative DeFi token that blends the fun of gaming with Web3 applications. Unlike typical cryptos, Mollars is designed to integrate gaming and Web3 features to improve its utility and promote active community participation.

The core principle of Mollars is sustainability and empowering users. After its launch, the platform’s founders plan to step back, allowing for a community-driven governance structure. This means that the project’s direction will be decided by its users.

At press time, Mollars has raised over $850K in its presale in just a few weeks, showing massive community support.

The Mollars ecosystem has a total supply of 10 million tokens, with a significant portion allocated for presale. The tokenomics model focuses on user engagement, with a 3% transaction tax reinvested into the ecosystem and a 1% burn rate to promote sustainable growth and value appreciation.

Additionally, the project focuses on autonomy, with liquidity burns and contract renouncement as key features. Those interested in Mollars and its potential impact on the DeFi space can join the Mollars Telegram group and follow it on X (Twitter). Users can also read the Mollars whitepaper for more information on the platform.

10. InsanityBets – Decentralized Gambling Token Offers Staking Yields and Discounted Trading Fees

InsanityBets ($IBET) is a decentralized cryptocurrency that offers staking benefits, early access to games, and discounts on trading fees. $IBET, the native token, is perfect for yield seekers on InsanityBets. 

$IBET can be staked on the platform to generate passive income. Notably, 35% of all trading fees generated is offered back to token stakers through staking pools. Another 50% is offered to those who burn tokens on the ecosystem. 

The deflationary mechanics could potentially increase your investment returns, as it will promote scarcity. Token stakers are also rewarded with early access to casino games and priority access to PVP games. Depending on the number of tokens staked, you get huge discounts on platform trading fees. 

$IBET has a total supply of 5 billion tokens, 50% of which are being allocated through the ongoing presale. Currently, $IBET is priced at just $0.0015 per token. Thus, early investors could secure potentially huge returns in the long-term. 

InsanityBets will launch provably fair games, introduce plug and play options for developers, and side and multi-bets. All these features make it a top cryptocurrency to invest in 2024. For more information, read the InsanityBets whitepaper and join the Telegram channel. 

11. Bitcoin – Largest and Safest Cryptocurrency

Bitcoin is the first and largest cryptocurrency and while the days of its largest growth are likely behind it, BTC still represents one of the best cryptos that will make you rich.

That’s because the crypto market has been in an extended bear market for around two years and the coin is currently 60% down from its all-time high.

However, numerous analysts and investors believe that the bear market will soon be coming to a close, especially with the next Bitcoin halving approaching in mid-2024.

The halving, the event every four years when it becomes doubly difficult to mine BTC, has historically been a huge catalyst for every other bull market.

Analysts at Standard Chartered, for example, believe BTC could reach $120,000 by 2025 – a 350% price increase from its current price.

While there may be larger gains to be had elsewhere in the market, Bitcoin represents the safest crypto investment, especially for those willing to hold it over the long term, and we would always recommend holding it as part of a diverse investment portfolio.

12. Arbitrum – Layer-2 Solution with Huge TVL

Arbitrum is an Ethereum layer-2 scaling solution that uses optimistic rollups to improve speed, scalability, and cost-efficiency on the Ethereum blockchain.

Native tokens ARB are used for governance, with holders able to vote on matters in a decentralized autonomous organization (DAO).

Only launched in March 2023, Arbitrum has a $1 billion market cap and a total value locked (TVL – the value of dApps built on its network) of over $1.67 billion.

That means it trails only Ethereum, Tron and the Binance Smart Chain, but is already ahead of rival layer-2s such as Polygon and Avalanche and other popular layer-1s like Solana and Cardano.

Arbitrum already has more than 110,000 active users, which makes it the sixth-most active chain.

ARB is currently 55% down from its all-time high, leaving huge room for growth in the next bull run.

13. Aptos – Super-Fast Layer-1 Blockchain

Aptos (APT) was only launched in late 2022 and, like Arbitrum, it has never seen a bull market.

However, the layer-1 proof-of-stake blockchain could be another major project to break out even further than it has in 2024.

Aptos currently has a market cap of $1.2 billion but its theoretical throughput dwarfs most of the competition and could see it breakout.

Aptos is claimed to be capable of 160,000 (TPS) well in excess of what Visa (2,000 TPS) and Ethereum (100k TPS) can handle.

Should they reach those speeds in reality, then Aptos has the potential to replace Ethereum as the top destination for dApp builders and developers in the coming decade.

It remains around 72% down from its all-time high – in a bear market – leaving plenty of room for growth.

14. Polygon – Layer 2 Blockchain on Ethereum

Polygon, previously known as the Matic network, is the most popular layer-2 blockchain built on top of Ethereum. It improved on some of the drawbacks of Ethereum, such as scalability and high costs. With Polygon, developers can create Ethereum-compatible apps at a much lower cost.

Polygon has already gained popularity among crypto investors. However, with the Ethereum merge, this network is expected to grow even further. Moreover, Polygon is also building partnerships to increase its exposure in the crypto market.

Earlier in 2022, Polygon became one of six projects that were added to Disney’s highly prestigious Accelerator program. Starbucks, Nike and numerous other major brands have also entered into long-term partnerships with Polygon over the years.

After launching in 2019, the price of Polygon fluctuated between $0.01 and $0.03 until 2021. The token hit its all-time high in December 2021; however, in 2022 and 2023, Polygon also fell prey to the crypto winter.

The price of Matic tokens could witness a bullish market in the near future, if wide conditions improve. As such, many investors will be interested in adding Polygon to their list of ‘crypto that will make you rich’.

15. Ripple – Scalable Crypto Payment Protocol 

Ripple is a payment protocol created using blockchain technology to enable fast and inexpensive transactions. The network has designed RippleNet to streamline international transactions and has already partnered with over 200 financial institutions. Importantly, Ripple is open-source – meaning anyone can use its technology to develop their own payment systems.

Ripple’s native digital token, XRP, can be used as a bridge currency for international money transfers. This digital token is used in Ripple products to carry out fast conversions between different currencies. However, bear in mind that users of RippleNet need not use XRP to make transactions.

It does, however, have a use case for cross-currency transactions (e.g. GBP/TRY). Ripple has been around since 2012, and given its use case, many might already have it in their ‘crypto that will make you rich’ list.

However, since 2020 – the project has been embroiled in an SEC lawsuit. The lawsuit seems to be moving in a direction that’s favorable to Ripple nonetheless, although the outcome of the case will ultimately decide the fate of the token.

16. Ethereum – Leading Provider of Smart Contracts 

Investors looking for crypto that will make you rich shouldn’t overlook Ethereum. Although Ethereum is one of the most established cryptocurrencies, it still has plenty of room for growth. It was indeed the first blockchain to offer smart contracts.

This gives Ethereum the first-mover advantage in a fiercely competitive market. It has also completed its long-awaited merge to a proof-of-stake system, significantly improving its efficiency. This upgrade can help Ethereum become more attractive to developers.

Ethereum is also the biggest player when it comes to the NFT space. Most of the best NFTs available in the market today are built on this blockchain. So, to sum up, Ethereum has a vibrant ecosystem, a major upgrade, and a dominant position in the crypto market.

All these aspects make Ethereum one of the best crypto to buy during the crash in 2024.

How to Find the Cryptos That Could Make You Rich

Google trends continue to rise on search terms such as ‘what crypto will make me rich’. However, the hard truth is that there is never a clear-cut way of knowing the right answer to this question – which is why crypto investing, and investing in general, can be such a risky proposition.

Cryptocurrencies are extremely volatile assets and can increase and decrease in price based on a wide variety of internal and external factors, some of which are totally unpredictable. The best approach is to make calculated investments by considering the advantages and risks of cryptocurrencies.

So, if you are wondering how to get rich off crypto – consider the points below when picking digital assets for your portfolio.

Research the Project 

It is crucial to conduct independent research when attempting to make money with crypto. This guide should act as a starting point for further research and due diligence into any project that has gained your interest.

• Investors should always spend time properly researching crypto projects they are interested in.
• A good place to start is the project’s website, where its whitepaper and roadmap will be available.
• Reading the whitepaper can give investors a solid idea of the project’s objectives, while the roadmap should offer a detailed guide of how it plans to accomplish them and over what time frame.
• The website should also give details about the project’s partnerships and new developments.
• Social media can also show general sentiment from the wider market in a project, which can be key to its success or failure.
• Doxxed and public-facing teams are also a big bonus over anonymous founders.

In addition to this, it is also necessary to check out third-party websites to learn about the market sentiments toward the project. This is where social media platforms such as Reddit and Twitter come in.

Investors can visit crypto-oriented subreddits, and Twitter accounts to find the best digital tokens to buy.

Investors can also join the best crypto YouTube channels and Telegram groups to get real-time news about the most promising cryptos.

Find Undervalued Crypto 

When searching for the top crypto that will make you rich, investors should also look for digital assets that are perceived to be the most undervalued cryptos.

In the following section, we explain why crypto presales could be of interest – as they generally offer discounted prices and a larger room for growth than established projects. However, there are also digital assets that have lost a significant part of their value due to the wide crypto winter.

Most tokens, including the most popular ones such as Bitcoin and Ethereum, are currently priced way below their former all-time highs. The theory behind investing in those two now, for example, could mean they grow when wider conditions improve – although some tokens will never reach their former highs.

• For instance, let’s take the case of Ethereum.
• Based on its potential and utility – with Ethereum the most popular blockchain for dApp builders, NFT collects and crypto gamers – some investors believe that the price of ETH could increase significantly in the future, especially as crypto becomes more mainstream.
• As of writing, Ethereum is trading at around $1,600 – which is over 70% less than its peak value ($4,800) back in 2021.

So, if Ethereum is to regain its prior all-time high, investors are looking at an impressive upside of 200% from the current price.

Look for Crypto Presales

The best crypto ICOs and presales offer investors the chance to get in on new projects from the ground up. This means that if the project in question takes off, early investors can target above-average market gains.

For instance, at the time of its launch in 2015, Ethereum was priced only at $0.311. Investors who bought Ethereum in its early stages and held on to their ETH coins until 2021 would have reaped monumental returns of 1.4 million percent.

In other words, a $100 investment in Ethereum would have been worth over a million dollars at its peak.

As such, when looking for a cryptocurrency that will make you rich, it would be wise to keep an eye out for the best upcoming ICOs as many presale cryptos have low entry prices – which means that investors won’t need to risk huge sums to gain exposure – and offer innovative use cases.

However, crypto presales and ICOs come with even greater risk than investing in established tokens. That’s because they have no proven market for their utility and no proof that they are able to deliver what they are promising, no matter how exciting the project looks on paper.

Furthermore, investors should also be wary of projects that are outright scams, with many newly launched tokens created solely to steal funds.

Red flags to look out for include poorly written and presented websites and whitepapers, roadmaps that are vague and/or unrealistic, anonymous founders (although this can be an exception in the meme coin space), and negative social media sentiment.

Have a Diverse Portfolio

Investors should not place all their eggs into one basket and rely on just one project to make them rich, as that strategy means that all funds are wrapped up in the success or failure of one project.

Having a diverse portfolio of multiple projects offers more chances at potential success, while also mitigating the risk attached to investing in just one project.

Investors need to understand their own risk tolerance and whether they are comfortable investing in high-risk/high-reward projects – which may take more hands-on management due to the volatility and possibility of rapid changes in price so as not to miss chances to cash out profits or cut losses – or are comfortable investing in projects that may take years to become profitable.

We would recommend a mixture of high and low-risk investments as well as also diversifying funds outside of cryptocurrency and into savings accounts and pensions, commodities (gold/oil etc), real estate, and equities (stocks and shares) etc if possible.

Have an Investment Strategy

Another major factor to consider and is key to making profits or losses is when to enter and when to exit into a position or holding.

If an individual invested all of their funds into Bitcoin during the 2021 bull run then that investment is currently 60% down, a huge loss.

There are several strategies to mitigate that kind of loss, however. Popular methods include dollar-cost averaging (or DCA) which is when an investor spends a set amount of funds at regular intervals to have an average price. For example:

• Bitcoin currently costs $28,300 at the time of writing.
• A $100 investment today would set $28,300 as the entry point and the price to beat for profit or loss.
• With a DCA strategy, an investor could have spent $20 once per week over the last five weeks for the same total investment of $100.
• However, the average entry point would be $26,957 – 5% cheaper – giving the investor more breathing room to grow from the $100 invested.
• One saying to consider is ‘time in the market over timing the market’.

While DCA-ing can help with the entry strategy, an exit strategy is just as important as exiting too early could leave potential profits on the table, while waiting too late could see profits vanish and never return.

The most profitable method is to set a target and stick to it rather than getting greedy and waiting for larger gains that may never come. It is equally important to know when an investment is bad and to minimize losses before watching funds drop to zero.

Conclusion

When searching for the crypto that will make you rich, it is important to remember that the digital asset space operates in a highly risky arena.

Nevertheless, there are some cryptocurrencies that have the potential to grow, and as such, they may succeed in generating suitable gains.

One of the top cryptos right now is Dogeverse ($DOGEVERSE). This is a new multi-chain meme coin that is compatible with six blockchains. The $DOGEVERSE token offers huge staking yields and is soaring on presale.

References

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• https://defillama.com
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• https://www.coinbureau.com/analysis/polygon-partnerships/
• https://www.msn.com/en-ca/money/topstories/us-sec-cannot-appeal-ripple-labs-decision-judge-rules/ar-AA1hFLBa
• https://www.bbc.co.uk/news/technology-62891715
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• https://www.statista.com/study/133052/statista-crypto-pulse-check/
• https://www.thetimes.co.uk/money-mentor/article/cryptocurrency-scams/

FAQs

Which crypto can make you rich?

Finding crypto that can make you rich is a tough challenge. One strategy is for investors to consider buying digital tokens that have the potential to grow. For instance, Dogeverse offers high staking yields through its smart contract.

What crypto will make me a millionaire in 2024?

After researching some of the most impressive crypto projects in the market, we found that several digital tokens have high upside potential. Some of the best cryptos to consider include Dogeverse, 5th Scape, Dogecoin20, and Sponge V2. Investors might also be interested in more established cryptos with a large market cap – such as Bitcoin, Ethereum, and Ripple (XRP).

Can you get rich off crypto?

Getting rich with cryptocurrency is certainly not an impossible endeavor. Many crypto enthusiasts have made millions of dollars out of their investments. However, it is always important to understand that investing in crypto is highly risky. Investors should always take a cautious approach when choosing crypto to buy.

What is the best crypto to buy to get rich?

Based on our market research, some of the best cryptos include Dogeverse and 5th Scape.

Can crypto make you rich?

Some analysts in this space will argue that investing in crypto can make you rich. However, as with any other asset, crypto also comes with its own risks. Investors should learn about the crypto market and the risks involved before staking any money on digital assets. When building a portfolio, ensure that funds are diversified across multiple crypto projects in addition to more traditional instruments such as stocks and index funds.