Which cryptocurrency investment holds the most promise? Having to assess so many variables is why many investors withdraw from their crypto investments. But it doesn’t have to be that way. Many promising cryptocurrencies have emerged in 2024.
This guide highlights the top 10+ promising cryptocurrencies you must watch in 2024. We discuss their individual values and assess their potential based on their roadmaps.
What Are the Most Promising Cryptocurrencies this year?
The following tokens have shown the most promise this year.
- Pepe Unchained
- Flockerz
- FreeDum Fighters
- Best Wallet Token
- Crypto All-Stars
- Shiba Shootout
- Solana
- Altlayer
- Ethereum
- Apecoin
- Binance Coin
Pepe Unchained – Popular Memecoin Presale Project Inspired By Pepe
Pepe Unchained ($PEPU) is making waves in the crypto space, redefining the meme coin landscape with its innovative approach. Often dismissed as mere jokes, meme coins rarely offer much beyond their humorous value. However, Pepe Unchained is breaking this mould by introducing the world’s first meme coin Layer 2 solution, drastically enhancing transaction speed and reducing costs.
Pepe Unchained leverages cutting-edge Layer 2 technology, ensuring faster processing times and lower transaction fees. This advancement provides a seamless trading experience, setting it apart from other meme coins.
The project’s goal is to foster a vibrant ecosystem that rewards its community. Generous staking rewards make Pepe Unchained an attractive investment, especially for early adopters. This, combined with a strategic tokenomic framework, supports sustainable growth and ensures long-term engagement.
Pepe Unchained addresses the notorious congestion issues of the Ethereum blockchain. By moving to Layer 2, it offers a more efficient and enjoyable user experience with significantly lower transaction costs and higher trading volumes.
With a robust roadmap and strategic token allocation, Pepe Unchained is poised to make a lasting impact. It promises double the staking rewards and endless fun, positioning itself as a strong contender in the meme coin market. Early investors can secure $PEPU tokens at the lowest prices, maximizing their potential returns and staking rewards.
Flockerz – Promising Crypto with a DAO
Another one of the most promising cryptocurrencies on the market right now is Flockerz. A meme coin with a unique hen-based theme, Flockerz is making waves across the crypto community not just because of its comedic memes, but also due to its compelling use cases.
This cryptocurrency project has established a decentralized autonomous organization (DAO), allowing stakers to participate in decisions on how Flockerz evolves. The community-driven approach ensures that the project remains decentralized. Moreover, Flockerz rewards those who cast their votes, introducing a Vote-to-Earn mechanic.
This Vote-to-Earn feature is likely to attract an influx of new investors, helping to create stability within the Flockerz ecosystem. Additionally, since it is currently in presale, many early movers are flocking to the project to take advantage of potential gains from listing pumps and staking rewards.
Flockerz shows promise by building a decentralized ecosystem that gives the community hope for future innovative use cases. This optimism is fueling its presale and will likely translate to significant gains once the token goes live on cryptocurrency exchanges.
FreeDum Fighters – Promising Crypto With an Exciting Politifi Concept
FreeDum Fighters is making a notable impact in the cryptocurrency space, particularly as the U.S. presidential elections approach. The DUM token is generating buzz not only for its unique features but also for its ability to engage users in an entertaining political dialogue.
At the heart of FreeDum Fighters is its innovative staking model, where investors choose between two satirical characters: Kamacop and Magatron. This setup turns staking into a strategic game, allowing participants to influence potential rewards based on the characters’ popularity. This dynamic adds a layer of excitement and ties the investment directly to the unfolding political landscape.
As the election season gains momentum, FreeDum Fighters has become a hot topic across social media platforms. Discussions on Twitter, Reddit, and Telegram are filled with debates, memes, and commentary that blend cryptocurrency with current events. This active community enhances the DUM token’s utility, transforming it into a vehicle for engaging in political discourse.
Additionally, the project features weekly Twitter-hosted debates, encouraging participants to express their views on relevant issues. These debates not only foster interaction but also reward participants with airdrops, reinforcing the idea that engagement leads to real benefits.
With comprehensive audits from Coinsult and SolidProof ensuring security, FreeDum Fighters stands out as a compelling option in the crypto market. Its blend of staking, community involvement, and political relevance positions the DUM token as an exciting opportunity for investors looking to participate in a project that is both timely and engaging.
Best Wallet Token – Trending Presale With a Strong Utility Element
Backed by the successful Best Wallet platform, which supports over 60 blockchains and provides a range of tools for decentralized finance, BEST or Best Wallet Token combines utility and accessibility in a way that positions it as a high-potential asset for both traders and long-term holders.
At the core of its appeal is the role BEST plays within the Best Wallet ecosystem. By holding BEST, users unlock reduced transaction fees, making regular trades and transfers more cost-effective. The token also provides early access to presales via the wallet’s aggregator, giving holders the ability to explore and invest in high-potential projects before they reach the wider market. Additionally, staking BEST offers an opportunity to earn competitive APY, adding a passive income stream that incentivizes user engagement.
What makes BEST particularly intriguing is the established foundation it’s built on. Best Wallet has already gained trust as a versatile and secure digital wallet, with a growing community of active users. This provides a natural demand for its native token, giving BEST an edge over newer projects still working to build credibility.
Currently available through an exclusive presale for Best Wallet users, BEST offers early adopters a chance to acquire the token at its foundational price ahead of its public debut in December. This early access allows investors to position themselves strategically, with the potential for gains as the project grows in visibility and adoption.
For those considering which cryptos to add to their portfolio, BEST stands out for its combination of practical benefits, a strong existing platform, and significant room for future growth. It’s a token that not only supports an established ecosystem but also offers investors the potential for substantial returns.
Crypto All-Stars – Growing Crypto Project With an Exciting Staking Mechanism
Crypto All-Stars is one of the most promising cryptos in the space, thanks to its exciting design concept and usecase. At the core of its appeal is an advanced staking mechanism that offers both diversity and high rewards. Investors can engage with a variety of memecoins—Dogecoin, Shiba Inu, Floki Inu, Pepe, Based Brett, Mog Coin, Milady, Turbo, Toshi the Cat, Coq Inu, and Bonk—by staking them within the platform. This integration not only adds significant utility but also caters to a broad audience of memecoin enthusiasts.
What sets Crypto All-Stars apart is its STARS token, which delivers returns that are three times more lucrative than other staking options. This exceptional reward structure makes it an attractive choice for those looking to maximize their gains in the crypto space.
The project’s distinctive design, featuring an array of popular memecoin mascots, enhances its appeal and fosters a strong community connection. This creative approach helps it stand out and gain traction across various memecoin fanbases.
Moreover, Crypto All-Stars has secured its credibility through thorough audits by SolidProof and Coinsult, ensuring a high level of security and trustworthiness.
Currently, the STARS token is available at a discounted rate during its presale phase, with a structured price increase planned across 50 stages. This presents a timely opportunity for investors to acquire tokens at a lower cost before the official launch. Keeping this in mind, it may be fair to assume that the current stage offers a strategic entry point for those looking to capitalize on its potential growth and success in the market.
Shiba Shootout – Growing Presale Memecoin With a Shiba Inu-Themed Concept
Shiba Shootout is an intriguing crypto investment, offering a blend of unique features, an engaging theme, and an upcoming P2E game. The project’s Wild West storyline, featuring Shiba Inu characters like Marshal Shiba and the Shiba Sharpshooters, creates an adventurous and exciting experience that appeals to both memecoin enthusiasts and gamers.
The soon-to-launch P2E game promises to enhance the project’s appeal, providing a fun and rewarding experience for players and driving significant community engagement.
Shiba Shootout also boasts several features designed to benefit investors. High-yield staking with APY rates over 2000% is available, which is particularly attractive during the presale phase. The Lucky Lasso Lottery offers chances to win substantial crypto prizes while supporting charitable causes. Additionally, a referral program encourages community growth by rewarding users who invite new members with bonus tokens.
The project’s tokenomics support sustainable growth, with a total supply of 2.2 billion tokens allocated for marketing, development, and staking. This strategic distribution aims to foster long-term stability and engagement. The developers’ roadmap includes upcoming exchange listings and community-building initiatives, likely boosting the token’s visibility and demand.
With its compelling narrative, diverse earning opportunities, and a strategic plan for growth, Shiba Shootout presents a promising investment opportunity. The imminent launch of its P2E game makes now an ideal time to consider adding Shiba Shootout to one’s investment portfolio.
Solana: A Layer1 Blockchain and the leading contender of Ethereum
Solana is a layer 1 blockchain designed to deal with the scalability and speed issues of Ethereum. Its transaction speed is about 50,000 TPS and provides more scalability through its unique Proof of History consensus mechanism.
As far as most promising cryptocurrencies go, Solana meets all the requirements. It has emerged as one of the better blockchains for developing staking protocols and dApps.
It is Censorship resistant
Solana is trustless and distributed. The lack of centralized control in the network allows the transactions to remain streamlined.
Passive Income Generation
You can earn passive income on the Solana blockchain through delegated staking. As a delegator, you can choose among the best validators to support the Solana network. Staking your Solana on these validators will allow you to generate passive income. Compared to trading, the stability of earnings through staking has made Solana one of the best platforms.
While there are many positives about this cryptocurrency, there are negative points too that are hard to ignore. Solana blockchain’s security has been heavily scrutinized in the past. In early 2022, hackers stole $320 million in funds from the Solana blockchain. While the developers are hard at bringing new security features, we will only find out after the test run.
At the time of writing, Solana has recovered from its dip to as low as $8 in the wake of the FTX collapse and is now trading back above $20. Solana is a promising cryptocurrency and one of the most used L-1 blockchains.
Check out our how to buy Solana guide or visit eToro at the link below, which has listed SOL.
Update – As of 2024, the only cryptocurrencies eToro users in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
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Altlayer: Open and Decentralized Protocol for Rollups
Another one of the most promising cryptos to buy today is Altlayer. Presented as a decentralized protocol for rollups, this novel crypto projects brings the idea of restaked roll ups. With Restaked rollups, standard rollups get more security, decentralization, interoperability, and crypto-economic fast finality.
Powering this project is the native token known as ALT, which serves numerous utilities. Users can leverage it to provide governance to the Altlayer and as a protocol fee. Another facility that ALT has included is its functionality as an economic bond, in which an ALT is restacked with other assets to prevent any malicious behavior.
The project has been slowly gaining attention, and its price recently jumped massively with it going live on Binance. With more of its attributes being unveiled to the public with each passing day, it is likely that this promising crypto can become one of the leading offerings of 2024.
Your Capital is at Risk
Ethereum: The world’s Number 1 Altcoin
Ethereum has gone through the most volatility (similar to Bitcoin) since the start of this year. The announcement about the shift to Proof of Stake consensus started it all. The crypto crowd is bullish about this smart-contract blockchain being more environmentally friendly. However, the new Ethereum 2.0 has taken too long to release. The difficulty bomb test was a success. However, it uncovered the many issues in the blockchain that further pushed the date of The Merge.
The Terra collapse didn’t help. It shook the entire crypto ecosystem – dropping the values of many major cryptocurrencies, Bitcoin and Ethereum. Ethereum has been in many rough spots as of late. It once hovered over $2.2 to $2.3k levels but now struggles to cross the $1.5k resistance during the crypto winter.
That said, the Ethereum price saw up to a 40% uptick after announcing that the merge update date is nearing.
Experts have said that when the shift to 2.0 will complete, Ethereum will potentially flip Bitcoin. It is because the new proof of stake protocol will have a massive impact on the total supply, projected to decrease by 90%. As the inflation of Ethereum will be lower than Bitcoin, the value of the ETH token could very well surpass BTC.
The Merge is the primary reason we are bullish about Ethereum’s promise. As the potential of this token continues to grow with more updates, holders would be in a better position now, as their chances to make high percentage gains are high.
At the time of writing, Ethereum is still trying to cross its $1.5k resistance. As more news comes about Ethereum’s project development, the price will likely cross this level and retest further highs. The general crypto crowd remains bullish about this cryptocurrency, and they have a good reason to do so.
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Apecoin: One of the hottest NFT Cryptos of 2024
Apecoin is an ERC-20 token that powers the collaborative ecosystems of which Bored Ape Yacht Club NFT is a part. It is one of the most promising cryptocurrencies in the NFT space, valuable especially to Bored Ape NFT holders.
When the token was launched, holders of Bored Apes could claim them without any charge. It has been one of the most controversial aspects of this cryptocurrency. However, since the introduction of the Otherside, the BAYC metaverse, crypto investors have started seeing ApeCoin in a new light.
ApeCoin is the governance token of the APE ecosystem. APE holders can use the token to particulate in ApeCoinDAO. The token also offers holders access to many exclusive games and services.
APE reached its all-time high in May 2022, shortly before the crypto market would be pushed into the bearish zone. It peaked at $24.25 during this and then retraced to $5.2 when Bitcoin hit its bear bottom of 2022. Although it shortly bounced afterward and maintained a sideways trading range above $7.6 for some time.
However, the token has undergone repeated downtrends in 2023, and the token is currently hovering around the $1.44 mark.
It is one of the most surprising entries on our list as it is a speculative investment. However, after introducing one of the best metaverse projects, people have started to see it as a legitimate investment. The widespread media attention is another factor that pushes the tokens’ value forward.
A small market cap also works in the token’s favor, giving it huge upside potential.
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.
Binance Coin: Cryptocurrency of the World’s Biggest Crypto Exchange
Binance Coin (BNB) is the native crypto of the Binance exchange. While it started out as an additional asset that Binance traders could use to reduce their trading fees, it has now become one of the most promising cryptocurrencies in the world.
It is the primary crypto of the Binance Chain and Smart chain and is used as an exchange token for dApps built on the Binance smart chain. For instance, Battle Infinity is a metaverse gaming platform built on the Binance Smart Chain powered by IBAT, a cryptocurrency undergoing presale that you can buy using BNB. One BNB will net you 166,666.66 IBAT tokens.
Binance is a thriving ecosystem, and developments within it often directly impact the value of Binance Coin.
Binance coin opened in 2023 at $246 before quickly recovering over the $300 level.
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.
Ranking the Most Promising Cryptocurrencies: Our Method
2022 was a choppy year for the crypto market, which as of 2024, is showing some signs of recovery but may continue to be volatile. With that in mind, we pursued the following factors when ranking the most promising cryptocurrencies:
The Volatility of the Crypto Market
The current crypto market is highly volatile, which makes it essential to consider cryptocurrencies that have retained some stability and have the potential to recover to new heights.
That sentiment might not be reflected in the list because Ethereum dropped to below $2k in the bear market, but so was the general ecosystem. And the reason behind Ethereum’s retrace was primarily the updates. While the price is relatively low, the buying opportunity is high, especially since the Merge upgrade is on the horizon.
Therefore, while the volatility spells doom for short-term investors, for long-term crypto holders, it can be time to get to the ground floor of a high-reward opportunity.
Rise of Metaverse Cryptos
You will notice that among the most promising cryptocurrencies on the list, we have paid attention to the metaverse cryptos. The metaverse continues to be a bullish ecosystem, with new upgrades and opportunities daily. Battle Infinity, for instance, is a metaverse gaming project that pays equal attention to DeFi. Considering this factor is highly, especially in an ecosystem where many have stated to shift from CEX to DEX.
In Ethereum’s case, the upcoming merge upgrade will likely bolster the creation of more dApps and even more metaverse, further boosting the price of metaverse tokens.
Diversification of Use Cases
The bear market has hit many altcoin developers with a realization that they can persist on speculation alone. As the crypto crowd continues looking for the most uses for their altcoins, cryptocurrency developers are introducing new measures to make them more appealing.
For instance, the DEFC will soon diversify and venture into the NFT domain, which will likely pump its price.
Presale
The third factor we considered to learn the promise held by the token is a presale. Getting your hands on cryptocurrencies during the presale, especially those with a robust use case from the beginning, is a great idea. The price of such tokens would likely go up once they are listed on the exchanges. And since many tokens in the presale stage are backed by good use cases, the chances of them quickly increasing are high.
Check out our guide to discover some of the best crypto sectors this year.
Conclusion
The wisest crypto investment tip we always give our readers is to go for the most promising cryptocurrencies. Staying updated with the developments of these tokens will help you determine their potential in the future. In this guide, we reviewed all the crypto assets we think hold the most promise.
We included several crypto presales as new crypto projects often have the most upside potential being so early in their roadmap – although they also involve a higher degree of risk. To keep a balanced portfolio, also consider some well-established assets.
Our decision to add Pepe Unchained to the list is backed by its unique fundamentals that involve bringing different blockchain communities together for rewards and interaction.
