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Best Crypto to Buy Now – Top 10+ List

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best-crypto-to-buy

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Traders and investors constantly seek out the next big thing: the best cryptocurrency to buy of 2024 for a short-term trade or an under-the-radar project that could return a high ROI in the next 5-10 years.

In this guide, we rank and review our picks for the best cryptocurrency to invest in 2024 wise, including upcoming pre-ICO cryptocurrencies still early in their roadmap, alongside some more established projects already listed on exchanges.

Best Cryptocurrency to Invest In 2024

Below are over a dozen high-potential options from our market research into the best crypto to buy now:

  1. Dogeverse – Multi-Chain Doge-Based Meme Coin of 2024
  2. Slothana – Solana Meme Coin with Sloth-Based Imagery
  3. 5th Scape – Leading VR Crypto of 2024
  4. Dogecoin20 – Greener Version of Dogecoin with Staking Incentives
  5. Sponge V2 – Best Crypto to Buy in the Memecoin Niche
  6. Smog – Memecoin with Gamified Airdrop
  7. eTukTuk – Best Crypto to Buy in the Eco-friendly Niche
  8. Bitcoin Minetrix – Best Bitcoin Alternative to Buy in 2024
  9. SEI – A DEX-Powering Crypto
  10. Manta Network – A Modular Web3 Ecosystem
  11. Ethereum – The Most Popular Blockchain for Building dApps
  12. SushiSwap – AMM-Based Decentralized Exchange for Crypto Trading
  13. Compound – Decentralized Liquidity Pool to Lend and Borrow Cryptocurrencies
  14. Bitcoin – The Largest Cryptocurrency by Market Cap
  15. Uniswap – The Largest Decentralized Exchange Crypto by Market Cap
  16. Sandbox – Best Metaverse Crypto and NFT Gaming Platform
  17. Maker – Smart Contract Enabled Defi Landing Platform

Best Cryptocurrency to Buy 2024 – Full List

In this section, we review each cryptocurrency project included in our list of the best cryptocurrencies to invest in and why we selected them:

Dogeverse – Multi-Chain Doge-Based Meme Coin of 2024

A chain-hopping meme coin not bound by the limitations of a single blockchain, Dogeverse is an asset that has stood out the most this year. With interoperability built into its core, Dogeverse ($DOGEVERSE) introduces multiple aspects that most crypto enthusiasts will appreciate.

Dogeverse best cryptos

First, the token’s chain-hopping tendencies have been woven into its lore. And with the mascot given the name “Cosmo”, it has the potential to establish a robust community, bringing fans of multiple chains together.

With a unique deployment strategy involving seamless interoperability across Ethereum, BNB Chain, Polygon, Solana, and Base, Dogeverse is cost-efficient, flexible, and offers a high level of accessibility.

The multi-chain attributes of this token can push it forward, allowing users to engage with other meme lovers beyond the boundaries of their native chains. Uniqueness is not always the forte of meme coins, yet Dogeverse is bringing something novel to the blockchain universe, making it a stand-out asset in today’s world.

Dogeverse is currently available as a 10-stage presale with a soft cap of $8.83 million. Those looking to invest in multi-chain tokens can consider participating at thedogeverse.com.

Visit Dogeverse

Slothana – Solana Meme Coin with Sloth-Based Imagery

Bringing new Sloth-based imagery that was inadvertently popularized by Slerf, Slothana is the latest Solana meme coin that leverages its fun factor to become the best crypto to buy this year.

Buy Slothana

The latest in the line of Solana-based meme coins, its appeal is similar to other SOL-based cryptos: no utility, only fun. It doesn’t hide the fact that short-term upsides are the only things investors have to gain from it, and that is one of its greatest strengths.

With its focus on leveraging the current trends to move up on the price charts, Slothana’s approach to its presale is similar to other Solana-based meme coins. This SOL-based token will arrive as an airdrop to those who send SOL to the address given on the official website.

There are no presale stages, and the tokenomics is also not given. The uncertainty around this token is why degens will prefer it.

Visit Slothana

5th Scape – Leading VR Crypto of 2024

VR gaming is once again getting ready to take the world by storm, this time in the blockchain arena, with the introduction of 5th Scape.

5th Scape Best Crypto to Buy

Presenting players with a hyper-realistic ecosystem featuring VR and AR, 5th Scape is a project covering multiple niches that use VR.

The official website states that VR movies, VR education, VR devices, and VR games are on the way. However, most of the emphasis for this project has been put on sports titles.

The official whitepaper states that the primary product segment of this project is VR games, and the list of games that will be available includes MMA 3D, Cricket 3D, Archery Master, Thrust Hunter, and more.

Outside digital products, 5th Scape is also introducing gamer-friendly VR headsets and gaming chairs.

To bolster support for more VR-based games, 5th Scape is also a platform featuring developer tools to craft VR games.

Powering this ecosystem is 5SCAPE, a crypto asset that gamers will use to unlock exclusive content, and developers will earn by selling their VR experiences.

5th Scape is currently available as a presale, and it has raised upwards of $800k already. 5thscape.com is the place to go for those who want to move early on this future-forward blockchain gaming project.

Visit 5th Scape

Dogecoin20 – Greener Version of Dogecoin with Staking Incentives

Embracing the ethos of “Do Good Every Day”, Dogecoin became the best meme coin in the market and currently lies at the top of the meme coin charts on CoinMarketCap. However, the lack of long-term incentives and the project’s inflationary nature doesn’t make it viable for all investors.

Dogecoin20 is here to take a different stand. Launched on the Ethereum blockchain, this greener iteration of meme coin is pushing Elon Musk’s favorite token towards a more sustainable future.

Dogecoin20

Embracing tradition while igniting innovation. Dogecoin20 carries the vibrant essence of the standard meme coins while providing a viable utility to provide long-term benefits, which is uncharted territory in the meme coin space.

These long-term benefits come in the form of on-chain staking, as those who stake their tokens to secure the ecosystem will receive additional tokens as rewards.

Featuring a straightforward roadmap and promising to move the meme coin towards a more sustainable future, Dogecoin20 is one of the best cryptos in the market.

With 140 billion tokens in total, 25% of which are being offered in the current presale, Dogecoin20 is offering investors an early-moving opportunity. With a more sustainable approach, it has the potential to compete with the godfather of meme coins.

Visit Dogecoin20

Sponge V2 – Best Crypto to Buy in the Memecoin Niche

Sponge came out in mid 2023 during the peak of memecoin mania, which catapulted its market capitalization to $100 million in record time, allowing many investors to register 100x gains from its initial 40x rise and a later 4x rise.

Now aiming to be bigger and better, it is making a comeback with Sponge V2, the second iteration of Sponge. However, it cannot be bought conventionally. Investors have to purchase Sponge V1 and stake it to receive an equivalent number of Sponge V2 tokens.

Sponge V2 best crypto to buy

The reason Sponge V2 is one of the most significant tokens to buy this year is its attempt to shed its memecoin image. While this token is still community-centric, and the imagery it portrays is based on jokes, Sponge V2 has unique strengths that make it a good short and long-term investment.

When you buy Sponge V1 from the website, it will automatically get staked, allowing you to earn Sponge V2 tokens. Keeping Sponge V1 locked will allow you to earn staking rewards over four years.

Furthermore, Sponge has already attracted a massive following, with over 11.5k holders and more than 23k followers on Twitter. These factors give it the hype necessary to push its value and offer significant potential for those who invest today.

Update: Sponge V2’s arrival has been positive on. The token has already attracted a massive following on Polygon, and its value as of March 2024 is over $0.002.

Visit Sponge V2

Smog – Memecoin with Gamified Airdrop

SMOG has been described as the best Solana-based meme coin to have been released this year, and for a good reason. This project took the market by storm as soon as it launched and went up by more than 1000% after going live on Jupiter DEX.

SMOG Token - Best Memecoin to Invest In

Inspired by “Smog”, the dragon character from the Hobbit series, SMOG takes a more mystical narrative within Solana’s ecosystem. It aims to shower the meme coin ecosystem with its fiery breath and make meme assets a hot token class again. Everything from its core fundamentals to the narrative has been described with a fantastical wonder. What further adds to this project’s legitimacy as the best crypto to buy in 2024 is the presence of developers who have experience in the web3 ecosystem.

While its initial reaction on the price charts is reminiscent of how BONK and Myro – other Solana-based tokens – performed, SMOG is coming out with something that has been described as the greatest airdrop of all time.

Those who buy SMOG will become eligible for the $SMOG airdrop. What makes this airdrop unique, however, is the way it is being distributed. This project has necessarily released a gamified ecosystem where holders will earn airdrop points for completing tasks released on a daily, weekly, and monthly schedule.

Even the roadmap of the project is entrenched in its meme-atic nature. Multiple airdrops are planned, giving SMOG a gamified vibe, and in the end, the project aims to be crowned as the next SOL king.

Smog was only available to purchase by swapping SOL earlier. But now, a new ETH bridge has been announced, allowing users to buy SMOG using ETH. The project has also introduced staking and can also be purchased directly from the website.

Update: Smog has received massive attention on multiple fronts. CoinMarketCap shows that it has become one of the biggest gainers in the first week of March 2024 with a market cap of over $20 million.

Visit Smog

eTukTuk – Best Crypto to Buy in the Eco-friendly Niche

Those looking for a good crypto to buy in the eco-friendly niche will appreciate what eTukTuk has on offer. Symbolizing an electric TukTuk, eTukTuk is a crypto project that seeks to curb CO2 emissions by leveraging the one aspect that people use daily.- vehicles.

eTukTuk best crypto to buy

It seeks to create an environment where there are more electric vehicles running on the road, and people are leading greener lives. To make it a reality, this project is bringing two distinct elements to the ecosystem.

One is the Electric Vehicle Supply Equipment, or the electric vehicle charging infrastructure, which will involve engaging with territory partners and setting up affordable charging stations across the region.

The second element is the zero-emission vehicle, a TukTuk running purely on electricity. Even though eTukTuk is relying on a grid currently, it aims to move towards solar-powered charging stations in days to come.

The project is also incentivizing the adoption of electric vehicles via the Drivers App and the TUK token. TUK is a BEP-20 asset, a utility token that will be used as the currency to charge vehicles. It will also act as a reward for those staking to evolve eTukTuk’s economy.

eTukTuk is also penetrating the P2E genre by bringing a game similar to Crazy Taxi into the mix.

There are 2 billion tokens in total, out of which 10% has been dedicated to the presale. The presale is divided into 26 stages, with the price of the TUK token incrementing with each one. Interested parties can visit etuktuk.io to participate in this unique project.

Visit eTukTuk

Bitcoin Minetrix – Best Bitcoin Alternative to Buy in 2024

Bitcoin Minetrix is the best cryptocurrency to buy this year, thanks to its stake-to-mine utility. This project aims to provide a solution to the current state of cloud mining systems and introduces a blockchain-powered solution via tokenized cloud mining, making it more accessible for everyone.

Bitcoin Minetrix best crypto

The entire concept of stake-to-mine is powered by $BTCMTX, an ERC-20 token that users can stake in order to get access to mining credits. Mining credits themselves are ERC-20 tokens. Non-tradable, these credits have to be burned in order to acquire mining time or gain access to a portion of mining yields. Once the mining time is over, the mined Bitcoin will be transferred into the user’s wallet.

These little changes will allow investors who wish to interact with the Bitcoin mining economy to do so without worrying about technical expertise or having access to heavy hardware. The addition of a non-tradable mining credit will ensure that there are no scams, and access to a tokenized cloud mining ecosystem will keep the rewards fair.

Bitcoin Minetrix’s native token, $BTCMTX, is currently being offered as a presale. The presale has 10 stages, with the token price during the first stage being $0.011. The unique prospects of this token have already gotten people interested, as evidenced by the project raising more than $100k within a day. The presale has set a soft cap target of just over $15 million.

With its unique attribute towards mining, which will also appeal to green crypto seekers, Bitcoin Minetrix might become the next successful crypto this year.

Visit Bitcoin Minetrix

SEI – A DEX-Powering Crypto

Another cryptocurrency project that can be considered the best crypto to buy right now is SEI.

It is the first sector-specific layer 1 blockchain, which has been described as a way to provide decentralized exchanges a better advantage in the ecosystem.

Sei (SEI)

The platform has been designed as a way to make mass adoption of digital assets possible and has been implemented by multiple institutes, including Coinbase.

SEi has been described as the industry’s fastest blockchain that leverages Twin-Turbo consensus for execution. This is not a blockchain that’s based around other chains, which gives it more security.

Furthermore, the platform has been made open-source to allow developers to build their own applications. Additionally, the platform also focuses on providing perks like scalability and adaptability for new decentralized applications.

SEI was subject to multiple bull runs in 2023. Over the course of its lifetime, the token has gone up by more than 7000%. Current charts show that the platform will continue to grow, bringing more value to the ecosystem.

Buy SEI

Manta Network – A Modular Web3 Ecosystem

Manta Network is introducing a modular ecosystem to the Web3 place, allowing users to develop solidity-based applications easily. It has a unique and efficient technology stack that can be leveraged by most developers. Its modular approach has allowed it to have more speed than L1 and lesser gas fees than L2.

Manta Network (MANTA)

The platform is considered to be one of the first EVM-equivalent Zk application platforms with both scalability and security factors. The platform has been powered by four technological stacks, including Celestia, Polygon, OP Stack, and Polkadot.

The official whitepaper describes Manta Network as app agnostic, allowing the Manta Software Development Kit (SDK) to be accessible across multiple pools. Another core feature that has gotten the attention of multiple investors is the fact that it is a growing ecosystem featuring non-invasive compliance.

Manta Network’s performance on the price charts has been a bit volatile, and it has experienced a growth of only 28% throughout its lifetime till now. That said, the project is currently engaged in multiple partnerships, which will allow it to cast a wider net when it comes to use cases, priming it to achieve more growth in 2024.

Buy MANTA

Ethereum – The Most Popular Blockchain for Building dApps

EthereumEthereum is one of the most well-established and profitable cryptocurrency projects in the DeFi market that is familiar to almost everyone who has ever traded cryptocurrencies. Russian- Canadian programmer Vitalik Buterin created it, and has become the second-largest crypto project with a market cap of $359.5 billion. 

Ethereum is a blockchain platform that can be used for creating decentralized applications; hence it’s the home to several other cryptocurrency projects. Ethereum was the first platform to use smart contracts, self-executing contracts representing the agreement between the buyer and the seller. Being launched on the Proof of Work mechanism, Ethereum is now moving to the Proof of Stake mechanism, which is more environmentally friendly than PoW. 

Ether is the native cryptocurrency of the Ethereum blockchain, which has the ticker ETH, the current value of which is almost equal to $2266. As one of the most popular cryptocurrencies in the world, ETH is supported by all the leading crypto exchanges and brokers in the industry. Additionally, holders can stake their ETH tokens to promote network security and get rewards.

ETH is considered by many to be the best cryptocurrency to buy that isn’t Bitcoin – i.e., the best altcoin.

Buy Ethereum

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

SushiSwap – AMM-Based Decentralized Exchange for Crypto Trading

SushiswapAlong with the development of decentralized apps, decentralized exchanges also emerged, which, similar to traditional exchanges, support buying and selling cryptocurrencies. Sushswap is one of such DEXs running on the Ethereum blockchain, and like many other decentralized exchanges, it uses the idea of collective liquidity pools. 

Unlike traditional exchanges, which provide a third party to manage the transactions, on SushiSwap, the assets are locked in smart contracts – holders lock their cryptocurrencies into these pools, and buyers purchase them. This mechanism is called Automated Market Maker as everything is done through codes, and no central governing party is needed. 

The native token of Sushiswap is SUSHI, a governance token, meaning that everyone holding a SUSHI token can propose changes regarding the project’s operations and vote on the others’ proposals. 

SUSHI entered the market with a price of below $1. The prices increased drastically in less than a year, and Sushiswap hit an all-time high of $22 on March 13, 2021. SUSHI’s value started to fall, influenced by several reasons, including a large sale by one of its founders.

Now it’s undervalued, and many top traders consider SUSHI the best crypto for a mean reversion play.

Buy Sushiswap

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Compound – Decentralized Liquidity Pool to Lend and Borrow Cryptocurrencies

CompoundCompound is an Ethereum-based cryptocurrency project founded by entrepreneurs Robert Leshner and Geoffrey Hayes. The project seeks to create a traditional money market where users can lend funds and get rewards. In contrast, borrowers can take loans from the market and pay the interest rates. The platform now supports over 10 cryptocurrencies, including Ethereum, Dai, Tether, USD Coin, Wrapped Bitcoin, etc. 

Founded in 2017 as a startup, Compound raised $8.2 million in capital in 2018 from such popular companies as Andreessen Horowitz and Bain Capital Ventures. Another such experience the project had in 2019, raising almost $25 million from companies Like Coinbase and Paradigm Capital. 

Apart from borrowing and lending multiple cryptocurrencies, Compound has its own token COMP, which grants platform users any time they interact with the Compound network. COMP token has a maximum supply of 10 million tokens, and 67% are already in circulation. Compound has a market cap of more than $428 million, with which it’s included among the 100 largest cryptocurrencies.

Buy Compound

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Bitcoin – The Largest Cryptocurrency by Market Cap

Bitcoin

Bitcoin is the first cryptocurrency ever built, funded in 2009 by an individual or group nicknamed Satoshi Nakamoto. Over the years, Bitcoin has generated colossal popularity and has become the largest cryptocurrency by its market cap. Another reason for this is that Bitcoin has a limited supply of coins – only 21 million BTC can be issued, and more than 19 million are already in circulation. 

Bitcoin aims to create a decentralized payment system where everybody can make transactions worldwide while remaining anonymous. The cryptocurrency uses blockchain technology based on the Proof of Work protocol, and to become a Bitcoin miner, you need to have sophisticated hardware and provide massive electricity power to generate a new block. 

One of the reasons to invest in Bitcoin is that it can be considered the most well-established crypto project in the industry. Additionally, several big companies already support BTC, and you can buy goods or services from them in Bitcoins. The following reason is Bitcoin’s low supply which will influence its price positively if the demand for BTC rises. Still, if you can’t afford to buy 1 BTC, you can purchase a fraction by paying as little as $50.

For many, Bitcoin is the best cryptocurrency to buy to solidify a portfolio. Many altcoins have died over the years and trended towards zero – Bitcoin has always hit new highs.

Buy Bitcoin

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Uniswap – The Largest Decentralized Exchange Crypto by Market Cap

UniswapUniswap is another Ethereum-based project that seeks to build a decentralized exchange by collecting liquidity pools. The platform has two member groups – liquidity providers and traders. The first group members lock their assets in intelligent contracts through which later traders can buy and sell assets. 

Buyers and sellers pay transaction fees for conducting trades on Uniswap, later used to distribute UNI tokens to the liquidity providers. In this way, no third party is governing the whale process. Though there are multiple DEX projects in the industry, Uniswap has already garnered much attention and is the largest DEX project by its market cap. 

Uniswap is among the first DEXs built to provide automated liquidity. It was founded in 2018 by Hayden Adams, and in 2020 the project airdropped 400 tokens to the community who had done any transaction on the platform before September 2020. Apart from being used to pay for transaction fees and granting liquidity providers, Uniswap also powers its holders with governing rights meaning that they can vote on changes concerning the project.

Buy Uniswap

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Sandbox – Best Metaverse Crypto and NFT Gaming Platform

SandboxSandbox is one of the most popular Metaverse projects. It provides a gaming platform where users can create their own avatars as NFTs, develop them, and sell them in the Sandbox Marketplace to generate rewards. The gaming platform is highly functional: avatar owners not only hold them but they buy weapons, clothes, and accessories for them. 

They can also own a piece of LAND within the platform. Later they can upgrade their LAND with more items, host events and take entrance fees, or give others for rent. The Sandbox project created the SAND token to power its network, both a utility and a governance token. SAND is used to pay for transaction fees, generate rewards, stake, and vote on the changes. The SAND token has a market capitalization of almost $975 million and is among the 50 largest cryptocurrencies by market cap.

Buy Sandbox

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Maker – Smart Contract Enabled Defi Landing Platform

MakerThe Maker project is one of the earliest Defi projects, founded in 2015 by Danis entrepreneur Rune Christensen. The project consists of the Maker DAO and Maker protocol. The first is a decentralized organization built to operate the Maker protocol designed to allow people to issue DAI coins. DAI is a USD-pegged stablecoin meaning that its value is always kept equal to the US dollar, irrespective of any changes in the market. 

Maker DAO is powered by the MKR cryptocurrency, a governance token, and anyone holding it possesses some ownership over the Maker DAO ecosystem. It means that MKR holders can participate in the project’s development and vote on its proposals. MKR is valued at $1650 when writing and raises a market cap of $1.6 billion with its current circulating supply. The maximum supply of the cryptocurrency is 1,005,577 MKR coins, and more than 91% are already in circulation.

Buy Maker

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

How We Reviewed the Best Cryptocurrencies to Buy

In the last decade, cryptocurrencies have entered our lives, creating a decentralized infrastructure that allows a peer to peer communication without the need for intermediaries. As the cryptocurrency market continues to evolve and grow, investors are always searching for the best crypto to buy now.  

The cryptocurrency market is huge, however, with thousands of crypto projects created for different purposes. The versatility of the industry makes it quite challenging to find profitable cryptocurrencies. Along with innovative projects, some digital currencies created only on hype are risky and can crash after prices soar for a particular period.

But how to know which are the best cryptocurrencies to invest in? Here is a combination of factors that we take into account when we review digital currencies:

Security

Cryptocurrencies are usually based on blockchain technology which is entirely secure due to their decentralized nature. However, there have been cases when blockchains are hacked, so they are not entirely safe, and you need to learn about the technology it is based on if you will make a significant investment in it. However, you can rely on experts’ opinions if you don’t have too much time to review blockchains. 

Potential growth

To know a crypto asset’s potential for future gains, you must analyze all the programs the team behind the cryptocurrency project plans to implement. Additionally, you should explore what ecosystem the coin supports and whether it has generated good popularity. Apart from it, you need to explore its price performance in the market. In short, you need to conduct a market and fundamental analysis of the cryptocurrency to understand if it has the potential to grow in the future. 

Use Cases

Utility is another metric you can pay attention to when selecting the best cryptocurrency. If the coin has versatile use cases, it will be purchased for different purposes, and there can be high demand for that crypto asset. 

For example, Bitcoin is digital money several companies have already adopted as a payment method. ETH is used for paying gad fees within the Ethereum blockchain but has other use cases too. Sand is a governance token to pay transaction fees and trade in the Sandbox Marketplace. When you invest in a crypto asset that can be used on versatile platforms other than simply being a tradable asset, you can at least do another thing with it if you don’t profit.

Is it the Right Time to Invest in Digital Assets?

Whether or not it is the right time to invest in cryptocurrencies depends on your budget and trading preferences. The cryptocurrency market is hugely volatile now, promising high rewards but also somewhat risky. The reason is that any single authority or government does not regulate it and instead uses a decentralized blockchain platform. 

Due to this, crypto prices are mainly associated with the supply and demand law. So, when there is a high demand in the market and the coin has a low supply, its value increases. In contrast, if it has a vast supply and low demand, the prices decrease. Bitcoin, for instance, has a maximum supply of 20 million coins. When all the coins are issued, their value will be affected positively if there is an increasing demand for this digital asset.

Handling the volatility problem is extremely difficult when it comes to cryptocurrencies; hence you need to be very careful with your capital and only invest in the projects that have the potential to grow and increase their value.

Many cryptocurrencies we reviewed in our guide are currently traded at low prices. These tokens are issued to power quite promising Defi projects, and if they succeed in attracting mass attention, they can become well-established Defi products in the future. All the projects have room for growth in the future, so you can consider buying some of them in low amounts to diversify your portfolio. 

Other projects like Bitcoin or Ethereum can be bought in fractions, meaning you don’t need to buy a whole BTC but a fraction. These coins seem not so profitable when you invest in small amounts; however, they have several use cases and can become the future of digital money. Hence, it’s worth having some capital in BTCs or ETHs.

Best Platform from Which to Buy Cryptocurrencies

The simplest and most affordable way to buy cryptocurrencies is to find a crypto exchange or a brokerage platform that supports what you’ve identified as the best crypto to buy now. Searching for a crypto broker, you will come across many options, and deciding which one can be difficult. We have already explored the market to offer you the best platforms to buy cryptos in 2024. 

eToro is a crypto trading platform that supports trading in more than 100 countries and has listed 75+ of the best crypto tokens. It’s one of the most reputable names in the industry due to its exceptional user experience, fast and easy to operate platform, and robust security features. With eToro, you can trade many assets and cryptocurrencies, including ETFs, and stocks. 

One of the best features of this broker is its social trading platform, which is why several beginners choose it. The platform allows you to follow the news, have conversations with other traders, ask questions, participate in discussions, and, what is most excellent, mirror the trades of professionals with just a click of a button. 

Another appealing thing about eToro is its pricing structure – the only trading fee charged by the broker is spreads which are competitive in the market. The non-trading fees include a flat withdrawal fee of $5, which is the same regardless of your chosen payment method. There are no account or deposit fees; neither must you pay for using its social platform and tools. 

Binance is the largest cryptocurrency exchange by trading volume and has listed 600+ coins alongside an NFT marketplace. OKX and Bybit are popular options supporting spot and margin trading.

Now that you are familiar with the best cryptocurrencies and have learned what purposes each of them is built for, you may be curious about investing in them or trading them. To trade or invest in cryptocurrencies, you will need an excellent cryptocurrency exchange or an online broker that supports the coins you want to buy and supports trading in your country. 

In this part, we will guide you on how to invest and where to trade the best cryptos in 2024. 

How to Buy the Best Crypto Coins Step by Step

If you want to invest in cryptocurrencies and still don’t know how to start, we have introduced a step-by-step guide on how to do it. We will explain the process with one of the leading brokerage platforms- eToro, which supports most of the coins we included in our recommendation list. eToro is an excellent choice for beginners – it’s safe, functional, and quick to operate. 

Register for an Account

To begin with, visit eToro’s website, and on the first page, click on the green button that says “Start Investing.” Once you click it, the eToro’s registration window will spring up, where you initially need to create a username and password and provide your email for verification. 

Next, you must complete the registration process by clicking the corresponding button next to your avatar. Here you will be asked some questions about your identity, including name, surname, address, gender, date of birth, etc. eToro will also ask you to fill in some details about your capital and investment goals

Step 1. Register for an Account with eToro and Verify It

Verify Your Account

Moving forward, you need to verify your account. If you have already verified your email and phone, you simply have two verification levels: ID and address. For the first one, you can provide your ID or passport copy; the second can be verified through a bank document or utility bill.

Deposit Funds

Once your account is verified, you must charge it with some money to buy coins. Multiple payment options are supported by eToro, including credit and debit cards, wire and bank transfers, and e-wallets (Neteller, PayPal, and Skrill). Whatever payment method you use, you don’t need to pay a deposit fee, and a conversion fee is charged if you are making a non-USD contract. 

Step 2. Deposit Funds

Of note, we should add that using bank card options; you can charge your account in two-three hours, while wire transfer takes the longest time. After selecting how you will make a deposit, provide your card or e-wallet details and fill in how much money you want to send. The wire transfer method’s steps are thoroughly explained on eToro’s platform. 

Select the Crypto and Make a Purchase

When your account is prepared for making the purchase, type your selected cryptos name in the search box and click on the first result. To make a transaction, click the “Trade” button, and in the “Buy” window, write the amount you want to purchase. Once your transaction is completed, you will immediately see the number of coins on your exchange account. 

Step 3. Buy Crypto with eToro

Where to Trade Crypto Coins?

Cryptocurrency trading differs from long-term investments in some crucial factors. First and foremost, trading involves creating frequent buy and sell orders, especially when you have chosen a scalping strategy. You must pay a trading fee to your broker whenever you open or close your position. Plus, it should operate quickly so that you can conduct trades corresponding to market changes. 

To meet these requirements, you should find a suitable cryptocurrency exchange that will support multiple coins, offer a competitive pricing structure, and guarantee the safety of your funds. eToro may not have as many technical indicators for TA, but it does offer copy trading to replicate the buys and sells of a professional investor.

Regarding derivatives, i.e., margin trading – the use of leverage – that is not currently supported at eToro. For traders looking to make use of that, we recommend OKX.

Check out our guide to discover the various sectors in the crypto industry.

Conclusion

Cryptocurrencies have been around for less than two decades, meaning they are not yet so well-established to be completely reliable. Plus, they stand out with high volatility, and the risk of losing your capital can be high.

Besides being too risky, cryptocurrencies promise high returns if you invest in them reasonably. While analyzing whether it’s the right time to buy cryptos, you need to consider multiple factors, including general ones like the global economy, political situation, etc. You need to do a fundamental market analysis to manage your trades and bring your investments to a more advanced level.

Another crucial thing to consider in selecting a good brokerage platform that will meet your requirements. A good crypto platform provides a better trading experience and more profitable investments and keeps your funds and data safe. Our top recommendation is eToro.

In this guide, we already listed some of the best cryptos to invest in for 2024, so you can pick your favorite ones and open an account to start trading. Our pick for the best crypto to buy now is Dogeverse.

Dogeverse - Multichain Meme Coin

Rating

Dogeverse logo
  • Early Access Presale Live Now
  • Bridge To Solana, Base, BNB Chain, Polygon, Avalanche
  • Staking Rewards - thedogeverse.com
  • Trade With Low Fees
  • World's First Chain Travelling Doge - Cosmo
Dogeverse logo

FAQs on the Best Cryptocurrency to Buy 2024

What is the best cryptocurrency to invest in this year?

Our selection for the best cryptocurrency to invest in this year is Dogeverse. It is a multi-chain version of Dogecoin introducing interoperability to the meme coin niche.

What is the market cap of the cryptocurrency market?

The global cryptocurrency market cap is equal to just over $1 trillion, according to coinmarketcap.com. Bitcoin has the largest market capitalization among thousands of cryptocurrencies ($500 billion as of writing) and Ethereum follows Bitcoin with its $200 billion market cap.

Can cryptocurrencies replace fiat currencies?

There are no cases in the industry where cryptocurrencies have replaced fiat currencies. But cryptos have entered our daily lives significantly and Defi projects develop new projects seeking to bring upgrades in different industries to replace the centralized systems. For now, there is not any point to assume that cryptos can overtake fiat in the future. However, there are several companies that accept BTC or other coins as payment methods.

What is the best way to buy cryptocurrencies?

The best and fastest way to invest in cryptocurrencies is to find a cryptocurrency broker, sign up for an online account, and purchase coins. eToro is one of the best names in the industry that provides a cost-effective and safe investing experience.

What is the best crypto to buy now?

Before investing in any cryptocurrency, you should do your own research and make sure you can afford to put the capital in it even if its prices decrease. We recommend investing in such cryptos that seem to be promising - our pick for the best cryptos to buy right now is Bitcoin Minetrix, which is currently on presale allowing early investors to purchase them at a discount.

What is the best cryptocurrency to buy this year as a long term hold?

The presale projects we reviewed above include some meme coins which tend to be better treated as a short term trade - debatably the best cryptocurrency to buy as a long term hold would just be Bitcoin. All altcoins tend to retrace as deep as 90 percent or more at some point in their history, whereas BTC has never corrected that much.