Best Crypto to Buy Now in March 2024

Michael Graw
Michael Graw | Verified by Alan Draper
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 20 of the best crypto to buy now, including Bitcoin, Ethereum, XRP, and more. We’ll also cover new cryptos like Dogecoin20, Slothana, and Sponge V2, the highest return on investment possibility for this year.

Keep reading to find our top picks for March 28, 2024. Remember that you should always do your own research before you make any kind of investment.

Top Crypto to Buy Now

  1. Bitcoin – Best for long-term holding (trading at: $70,828.54)
  2. Ethereum – Best for data storage (trading at: $3,592.20)
  3. XRP – Best for currency exchanges (trading at: $0.623)
  4. Solana – Best for smart contracts (trading at: $186.74)
  5. BNB – Best for paying exchange fees (trading at: $587.67)
  6. Dogecoin – Best for online gambling (trading at: $0.213)
  7. Polygon – Best for scalable blockchain projects (trading at: $1.01)
  8. Chainlink – Best blockchain oracle (trading at: $19.61)
  9. Tron – Best decentralized finance blockchain (trading at: $0.120)
  10. Avalanche – Best Ethereum competitor with momentum (trading at: $54.37)

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.

Key Highlights:

  • Price as of March 28, 2024: $70,828.54
  • Market cap: $1.01 trillion
  • Last 24 hours change in price: 0.98%
  • All-time high: $73,628.40
  • Bitcoin price has increased in the last year with a change of 5.63%

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.

Key Highlights:

  • Price as of March 28, 2024: $3,592.20
  • Market cap: $342.8 billion
  • Last 24 hours change in price: 0.20%
  • All-time high: $4,867.17
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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.

Key Highlights:

  • Price as of March 28, 2024: $0.623
  • Market cap: $30.7 billion
  • Last 24 hours change in price: 0.51%
  • All-time high: $3.92
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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.

Key Highlights:

  • Price as of March 28, 2024: $186.74
  • Market cap: $49.8 billion
  • Last 24 hours change in price: 0.02%
  • All-time high: $259.52
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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 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.

Key Highlights:

  • Price as of March 28, 2024: $587.67
  • Market cap: $53.3 billion
  • Last 24 hours change in price: 1.62%
  • All-time high: $689.33
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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.

Key Highlights:

  • Price as of March 28, 2024: $0.213
  • Market cap: $12.3 billion
  • Last 24 hours change in price: 16.57%
  • All-time high: $0.738
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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.

Key Highlights:

  • Price as of March 28, 2024: $1.01
  • Market cap: $8.6 billion
  • Last 24 hours change in price: -1.85%
  • All-time high: $2.91
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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

Key Highlights:

  • Price as of March 28, 2024: $19.61
  • Market cap: $11.7 billion
  • Last 24 hours change in price: -0.37%
  • All-time high: $52.89
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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 next crypto 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

Key Highlights:

  • Price as of March 28, 2024: $0.120
  • Market cap: $11.5 billion
  • Last 24 hours change in price: -0.13%
  • All-time high: $0.302
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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.

Key Highlights:

  • Price as of March 28, 2024: $54.37
  • Market cap: $15.3 billion
  • Last 24 hours change in price: -1.50%
  • All-time high: $146.18
  • Bitcoin price has Price change data not available for the specified period. in the last year with a change of Coin data not available

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.

Other Cryptos Worth Considering to Buy (Highest Possible Potential)


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.

  • New and improved meme offering over 300% staking rewards
  • Staked token supply to lock at end of presale to prevent volatility
  • More flexible and eco-friendly thanks to Ethereum blockchain build
Project Launched
March 2024
Meta
Stake-to-earn, Meme
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Send SOL and wait for airdrop - the new way of doing presales
  • Over $540K raised so far, expected to sell out very quickly amid memecoin buying frenzy
  • No hard cap total - first come first served
Project Launched
March 2024
Meta
Meme
Purchase Methods
  • Solana
    Solana
  • Innovatives VR & AR Gaming Project
  • Aiming to Raise $15M Across 12 Rounds
  • Token Holders Get Lifetime Access to VR Content
Project Launched
January 2024
Meta
VR
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Trending meme coin with P2E utility & staking rewards
  • Price up 10x in past month, rumors of Binance listing
  • 12k+ holders and growing
Project Launched
December 2023
Meta
Meme, P2E
Purchase Methods
  • Bank Card
    Bank Card
  • usdt
    usdt
  • ETH
    ETH
  • Buy and hold $SMOG to generate and earn airdrop points
  • 35% of supply reserved for future airdrop rewards
  • Viral potential after pumping over 1000%
Project Launched
February 2024
Meta
Meme, P2E
Purchase Methods
  • usdt
    usdt
  • Solana
    Solana
  • Native BSC token
  • Audited by Coinsult
  • Long-term rewards for holders
Project Launched
2023
Meta
AI
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Innovative stake-to-mine project for easy BTC mining
  • Presale has raised over $6.5m so far
  • Over 90% staking APY during presale
Project Launched
2023
Meta
Staking, mining
Purchase Methods
  • ETH
    ETH
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • Daily passive staking income
  • 250k giveaway participation
  • Free casino credits
Project Launched
July 2023
Purchase Methods
  • usdt
    usdt
  • bnb
    bnb
  • ETH
    ETH
  • 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
Meta
Meme, P2E
Purchase Methods
  • bnb
    bnb
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • Access to huge fee revenue through staking
  • 50% of 10bn token supply available at presale stage
  • 85% of fees go back to the community
Project Launched
March 2024
Meta
CasinoFi
Purchase Methods
  • usdt
    usdt
  • bnb
    bnb
  • ETH
    ETH
  • Innovative AI crypto casino offering staking, airdrops and custom games
  • $HPLT presale has raised over $400k so far with +60M bets placed by +150k users
  • Offers daily staking rewards, hype NFTs and is fully audited by Certik
Project Launched
March 2022
Purchase Methods
  • bnb
    bnb
  • ETH
    ETH
  • usdt
    usdt

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

1. Dogecoin20 – Doge-Themed Crypto with High Staking Yields of 385876%

Dogecoin20 (DOGE20) is the best meme crypto to buy right now, following in the pawprints of its Shiba Inu-themed predecessors like Dogecoin and Shiba Inu.

Built as an ERC-20 token on the Ethereum network, Dogecoin20 offers a greener alternative by utilizing the proof-of-stake mechanism.

Unlike older meme coins that rely on energy-intensive proof-of-work mining methods, Dogecoin20 embraces a more eco-friendly approach, ensuring a lighter carbon footprint for its transactions.

doge20

Dogecoin20 allows holders to earn passive rewards by staking their $DOGE20 tokens. With rewards allocated over a two-year period, early adopters stand to benefit greatly. 12.5% of the total supply is set aside for staking rewards that will be distributed in the first year, while a further 2.5% will be doled out the next year. Currently, presale investors are enjoying staking rewards at an impressive rate of 385876%.

dogecoin20 staking

The token has recently launched its presale, with tokens initially priced at $0.00014. However, with the recent buzz surrounding Doge-related meme coins and interest in these coins from influential figures like Elon Musk, the price is expected to rise rapidly. In a market where meme coins like SHIBA have seen staggering gains of up to 244.81% in just one month, Dogecoin20 is poised for explosive growth.

Stay updated on the latest developments with Dogecoin20 by following the project on X and joining the Telegram channel.

2. Slothana – New Solana Meme Coin Experiencing a Soaring Start to its Presale

Slothana ($SLOTH) is the next best cryptocurrency to invest in 2024. In the past few months, Solana-based meme tokens such as $SLERF and $PUMP have been offering huge returns. 

Slothana wallet address

$SLOTH is a new meme coin inspired by these projects. The unique feature of all these projects is their innovative presale style. Instead of offering tokens across different presale rounds, $SLOTH allows investors to send $SOL tokens to the following wallet address – (EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA). 

Once the tokens are received on Slothana’s wallet address, you receive $SLOTH tokens through an airdrop. Therefore, investors do not need to wait till the end of the presale event to receive tokens. 

Slothana is a meme coin fueled by humor and laughter. It features a sloth avatar working a 9-5 office job. But the sloth decides to quit its job to enter the world of crypto trading and earn millions in profits. 

Currently, you can receive 10,000 $SLOTH with just 1 $SOL token. Since $SLOTH is still available during the presale, early investors may receive huge returns after the token lists on centralized exchanges. In just a few hours since the presale launched, Slothana has raised more than $500K. 

For more project updates, follow Slothana on X (Formerly Twitter)

3. 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.

4. Insanity Bets – Utility Rich Gambling Platform Providing a Range of Passive Yield Options

Insanity Bets is the latest Casino.Fi platform looking to take a share of the hugely popular online betting market. However, this project offers more than just a new place to gamble, its wide range of utilities mean that early investors have access to many different passive yield options. With the project still at presale stage, there has never been a better time to invest.

$IBET holders can immediately put their tokens to work by choosing to burn or stake. 85% of all platform fees have been designated to early stage token investors – 35% to stakers and 50% to burners. Furthermore, for those who choose to mint $ILP tokens, a whopping 90% of house profits are reserved for early stage investors.

Insanity Bets presale

The team behind the project value honesty and transparency and therefore all games are provably fair through the use of Chainlink’s VRF RNG. Furthermore, the project has been audited by both SolidProof and CyberScope.

The Insanity Bets presale offers early investors a unique opportunity to buy into a project aiming to revolutionize the online gambling market. By combining the very best democratic protocols of DeFi with the hugely popular and lucrative world of gambling, Insanity Bets has every opportunity to become the next best thing.

To find out more about the project and how to invest, head to the official website and download the white paper. For all the latest news about the project and to keep up to date on product updates, you can follow the team on X and join the exclusive Telegram channel.

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.

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

Smaller market caps projects, such as trending 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, low market cap crypto 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. Considering that the crypto market never sleeps using a crypto trading bot can help eliminate emotions and also automate the entire trading process.

Trends

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

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

In early 2024, meme coins and AI tokens have had the highest returns. For example, the meme coins Bonk and Dogwifhat traded mostly flat in 2023, while in February 2024, both had huge growth; Both had around $300 million market cap for months before taking off and trading at over $2 billion in market cap within less than two months.

dogwifhat market cap

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

Investing in a trending token can bring huge rewards but investors should be diligent 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 21 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 Dogecoin20 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 Dogecoin20, which has just launched a presale and offers high-staking rewards.

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 Dogecoin20, Slothana, Smog, and Sponge V2. 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?

Dogecoin20 is a new cryptocurrency with the most potential to explode in 2024. This greener alternative to Dogecoin allows the holders to stake their tokens to achieve passive income.

What is the best meme coin to buy now?

The best large-cap meme coin to buy now is Dogecoin, which has demonstrated it has staying power through all conditions. However, the best meme coin with the most potential right now is Dogecoi20.

References

About Cryptonews

At Cryptonews, we aim to provide a comprehensive and objective perspective on the cryptocurrency market, empowering our readers to make informed decisions in this ever-evolving landscape.

Our editorial team, comprised of more than 20 professionals in the crypto space, works diligently to uphold the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.

Whether you’re seeking breaking news, expert opinions, educational resources, or market insights, Cryptonews.com is your go-to destination for all things crypto since 2017.