19 Best Cryptocurrency to Invest in Today – Best Crypto to Buy Now in 2024

Finding the best crypto to buy now can be difficult even for experienced crypto traders. It’s challenging to identify a good project from a bad one and to know when to sell and when to HODL.

With this in mind, we’ve analyzed the market and hand-picked a selection of the best cryptos with real utility and promise. Our research findings include well-established cryptocurrencies that have long been favorites in the space, as well as riskier emerging tokens with high upside potential. 

  • Next big Solana meme coin, emulating 100x success of Pepe, Bonk, Myro and Dogwifhat.
  • 35% of the total supply is set aside for airdrops distributed on Solana.
  • Earn airdrop points through Smog social interactions, quests, and on-chain activity.
Project Launched
February 2024
Purchase Methods
  • SOL
    SOL
  • USDT
    USDT
  • BONK
    BONK
  • ETH
    ETH
  • +1 more
  • Father of cryptos dominating the sector with $845Bn market cap
  • Has the potential to become a safe-haven asset like gold
  • Imminent Bitcoin halving could see prices spike with sustained demand
Project Launched
January 2009
Purchase Methods
  • USDT
    USDT
  • Debit
    Debit
  • The crypto market's second-largest coin with a market cap of $279Bn
  • Ethereum is the base for most smart contracts and dApps
  • Allows traders and HODLers to participate in staking
Project Launched
July 2015
Purchase Methods
  • USDT
    USDT
  • Debit
    Debit
  • Hot meme coin project with play to earn utility and staking
  • Price has pumped 10x in last month, rumored to be listing on Binance
  • Over 12k holders and growing
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • Innovative Stake-to-Mine Model Bringing New Utility in Web3
  • Cost-Efficient Way to Mine BTC
  • Over 360M BTCMTX Already Staked with Estimated Rewards of 115% p/a
Project Launched
September 2023
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Matic
    Matic
  • USDT
    USDT
  • Debit
    Debit
  • +2 more
  • 5th ranked market cap of $42Bn and trading volume over $1Bn
  • Solana is one of the fastest blockchains with up to 5k per second and low average costs of $0.003 per transaction
  • Widespread adoption of Solana blockchain including flagship companies like Visa and Shopify
Project Launched
March 2020
Purchase Methods
  • USDT
    USDT
  • Debit
    Debit
  • XRP currently trading at -87% lower than its ATH of $3.84
  • Boasts a market cap of $27Bn putting it in 6th position on the charts
  • Ongoing SEC lawsuit looks to be in favor of XRP which could benefit the wider crypto market
Project Launched
June 2012
Purchase Methods
  • USDT
    USDT
  • Debit
    Debit
  • With a market cap of $17Bn Cardano sits in 8th position within the crypto sphere
  • Offers smart contract functionality and is used to build dApps and DeFi platforms
  • Uses energy-efficient proof-of-stake mechanics to validate transactions
Project Launched
September 2017
Purchase Methods
  • USDT
    USDT
  • Debit
    Debit
  • Recently launched ERC20 presale with 285% estimated APY
  • Presale has gathered $5M showcasing its upside potential
  • Supports staking and betting on AI-driven meme battles
Project Launched
September 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • New stake-to-earn meme token following DOGE's pawprints
  • Current staking rewards stand at 1064 $POODL tokens per ETH block
  • Total token supply of 6.9Bn with 50% set aside for the presale
Project Launched
February 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • +1 more
  • Over $500k Raised and 300% Staking APY on Offer
  • AI-Driven, Sustainable Transport Solution Designed to Revolutionize Transportation in Developing Nations
  • Exciting eTukTuk Play-to-Earn Game In the Making
Project Launched
June 2023
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +1 more
  • Hottest fair launch meme token hoping to hop its way to 100x peaks like Pepe and dogwifhat
  • Frog Wif Hat is a multi-chain ETH token with plans to bridge over to Solana
  • By fair launching all 1Bn $FWIF tokens will be available at launch for crypto degens
Project Launched
February 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • One-of-a-Kind Immersive VR Gaming Project
  • 12-Round Presale Looking to Raise $15M
  • 5SCAPE Holders Get Exclusive In-Game Advantages
Project Launched
January 2024
Purchase Methods
  • ETH
    ETH
  • Matic
    Matic
  • BNB
    BNB
  • USDT
    USDT
  • Debit
    Debit
  • +2 more

Best Cryptocurrency to  Invest in Today

If you’re wondering what crypto to buy now, here’s a short list of the top contenders:

  1. Frog Wif Hat – Newly launched ERC-20 meme coin, a potential successor to $WIF.
  2. Smog – Latest multi-chain meme coin aiming to make the greatest token airdrop on Solana.
  3. Bitcoin – First and most popular crypto, controls more than 40% of total market share.
  4. Ethereum – Second most popular crypto and top choice for Web3 developers.
  5. Sponge V2 – Top meme coin to buy in 2024. Upgrade to a meme coin that exploded 100x in 2023.
  6. Bitcoin Minetrix – Best Bitcoin mining cryptocurrency using stake-to-mine mechanism.
  7. Solana – Ultra-fast blockchain up 330% in last 5 months and adding developers quickly.
  8. Ripple – Global payments coin being used by major banks after win over SEC.
  9. Cardano – Ethereum competitor with a growing dApp and NFT marketplace.
  10. Meme Kombat – Best staking and betting crypto. Wager on memes as they fight it out.
  11. Poodl Inu – Popular meme token presale with high staking rewards.
  12. eTukTuk – Top crypto to invest in the shift to electric vehicles, with staking APY.
  13. 5th Scape – Best metaverse coin for 2024, focused on the VR industry.
  14. Green Bitcoin – Best green alternative to Bitcoin with stake-to-earn mechanics.
  15. Scorpion Casino – Top gambling crypto token for 2024 and licensed crypto casino.
  16. Scotty the AI – Security-focused crypto token using AI for security and fraud detection.
  17. ScapesMania – DAO-governed gaming crypto for enthusiasts and casual gamers.
  18. Mollars – Gaming token using unique play-to-earn games and a web3 product.
  19. Monero – Privacy token using stealth addresses and ring signatures for enhanced anonymity.

In-Depth Reviews of the Best Crypto to Buy in 2024

Although the crypto space has shown strong signs of a rebound in 2024, it’s important to be cautious when investing in digital assets, conduct research and only invest what you can afford to lose. Even the biggest and most popular cryptos, such as Bitcoin, can suffer losses.

Based on our market research, we found that the following projects could be the best crypto to invest in 2024 based on factors including growth potential, utility, and future performance. 

1.Frog Wif Hat ($FWIF) – ERC-20 ecosystem meme coin, 200% surge following launch

Fresh off a launch on the Uniswap decentralized exchange, Frog Wif Hat is the latest meme coin hoping to capitalize on the ‘Wif Hat’ craze. The ERC-20 token has set its sights on outperforming $WIF, which now has a $400 million market capitalization, following its release late in 2023.

After launching at $0.3279 in November last year, Dogwifhat has soared by over 500% hitting a record high of $0.4814 earlier this year.

Frog Wif HatAt present, $FWIF operates on the Ethereum network but is building a bridge that will connect it to the Solana blockchain. By doing this, the aim is to expand the pool of investors, and potentially capture investors from Solana-based $WIF. So far its price has rocketed by 200% higher since its launch.

As we speak the French-theme meme coin is available to buy on Uniswap, with a listing on centralized exchanges (CEX) like Kucoin to soon follow. This exposure will likely help build its notoriety, and position it to generate strong gains for early investors.

There are 1 billion Frog Wif Hat tokens that launched at $0.0005 per token. To delve deeper into this meme coin, listen to crypto analysts break down the project or follow its accounts on  X (formerly Twitter) and Telegram.

Market Cap $3.1 million
All-time High N/A
1-year return N/A

2. Smog ($SMOG) –  Cryptocurrency That Will Reward Holders With a Generous Airdrop

Smog ($SMOG) is the latest multi-chain meme coin, aiming to make the greatest airdrop on Solana and outperform similar meme coins in the ecosystem like Bonk, Myro, Dogwifhat and others.

To participate in the airdrop of 490 million tokens, you need to hold $SMOG tokens in your wallet and complete Zealy quests to earn airdrop points. When the time comes, you’ll get a piece of the airdrop directly into your wallet.

Smog token page

To buy the token, get a Solana-based wallet like Phantom, Solflare or Backpack and visit the most reputable aggregator on Solana, Jupiter. Connect your wallet and use SOL, USDT, or USDC to make the purchase. You can also use Bonk or other Solana-based coins.

Alternatively, connect your Ethereum wallet, like MetaMask, to the Smog website and use ETH or USDT to complete the purchase. Stake your tokens for a 42% APY.

Half of the total token supply will be used for marketing. Given that this is a meme coin, marketing is probably the major aspect that can help the token price reach Bonk levels and potentially surpass it.

Read the Smog whitepaper to learn more about the project. To get the latest information, follow Smog on X and join the Smog Telegram channel.

Market Cap $2 million at launch
All-time High N/A
1-year return N/A

3. Bitcoin ($BTC) – First and Largest Cryptocurrency With Unparalleled Long-Term Potential

Created in 2009, Bitcoin is the original and most popular cryptocurrency. It has become a household name and has attained widespread mainstream adoption. Bitcoin has also managed to sustain its top rank as the cryptocurrency with the largest market cap. 

Back in 2016, it was possible to buy a single Bitcoin for around $500. Although Bitcoin remains volatile, it has gone on to generate unprecedented gains. For instance, in late 2021, Bitcoin was trading at just over $68,000. This has led many crypto enthusiasts to want to learn how to buy Bitcoin to capitalize on any potential profits.

Bitcoin Price Chart Jan 26 2024

Bitcoin is leading the charge in the latest crypto bull run. It’s up 87% over the past year and has managed to hold above the key $42,000 price level – the low hit during the last crypto bull market.

That’s a sign that Bitcoin could be building up for an even more significant run.

Many argue that at current levels Bitcoin is heavily undervalued, with investment bank Standard Chartered recently releasing a report to say BTC is on course for $100,000 by the end of 2024.

Today, Bitcoin is accepted as an online payment system by many online merchants. The cryptocurrency can also be used as collateral to take out loans, to play at crypto casinos, and locked to earn interest.

Market Cap $818 billion
All-time High $67,566.83
1-year return 81.6%

4. Ethereum ($ETH) – Top Crypto to Buy for Long-Term Growth, Loved by Web3 Developers

Ethereum is the second most popular cryptocurrency in the world that managed to impose itself as the biggest alternative to bitcoin. What makes ethereum valuable are its multiple use cases. On that note, developers can use it to create dApps, NFTs, and DeFi apps. In fact, over 1,400 applications run on the Ethereum blockchain. 

Ethereum was also the first to introduce smart contracts that increased the efficiency, scalability, and speed of its network.

Ethereum Price Chart Jan 26 2024

As for its price history, between 2017 and 2021, its value went from around $11 to an all-time high of $4,878.26 – translating to gains of more than 43,000%, which made it one of the best altcoins to invest in

At the time of writing, ethereum’s price stands at $3,059. In the last 30 days, its price experienced an increase of 34.40%, while its 24-hour trading volume stands at $13.34 billion.

What could increase the value of ETH is its EIP-4844 update, which would significantly reduce gas fees on L2 blockchains. On that note, we believe that by the end of 2024, the price of ETH could hit the $6,500 mark.

Market Cap $365.63 billion
All-time High $4,878.26
1-year return 42.8%

5. Sponge V2 ($SPONGE V2) – 100x Crypto in 2023 Set to List on Binance & OKX in 2024

Sponge V2 is an upgraded version of the legendary $SPONGE meme coin that gained 100x in 2023.

Shortly after the original $SPONGE launched, it rocketed from a $1 million market cap to more than $100 million. The token caught the attention of major crypto influencers like Jacob Bury and took the crypto meme world by storm.

Sponge V2 Presale

Now, $SPONGE V2 has its sights set on a return to a $100 million market cap, according to the Sponge whitepaper.

It plans to get there by listing on major exchanges like Binance and OKX. $SPONGE V2 is also creating a play-to-earn racing game that’s expected to drop in 2024.

The only way to get $SPONGE V2 tokens is to stake V1 tokens. Staked V1 tokens will be permanently locked and generate V2 token rewards for 4 years.

Check out Sponge on X, Telegram, and Discord to get all the latest updates about the V2 token rollout.

Hard Cap N/A
Total Tokens 150 Billion
Tokens available in presale N/A
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

6. Bitcoin Minetrix ($BTCMTX) – Top Crypto to Buy with Stake-to-Mine Rewards

Bitcoin Minetrix ($BTCMTX) is an exciting presale that provides a new stake-to-mine model – a novel utility in Web3. Bitcoin mining has never been easy or effortless, but with BTCMTX, staked ERC20 tokens are traded for non-tradeable mining credits, which are burned. The more tokens that are burned, the more BTC rewards you accrue. 

Bitcoin Minetrix presale

Bitcoin Minetrix makes it possible to mine Bitcoin rewards with none of the drawbacks associated with traditional mining. It’s eco-friendly and accessible to individuals without investing in an expensive mining rig. The project has also undergone a third-party smart contract audit, with stellar results.  

There are a total of 4 billion tokens, with 2.8 billion available for purchase in the presale. The current cost is $0.0136, though it will rise to $0.0148 by the final stage of the presale. 

More than 574 million tokens have now been locked into the staking pool, which is currently offering an estimated APY of 73%.

This is a great utility token with high potential. It’s raised more than $11 million during its presale, showing investor excitement. Also, a $30k minedrop reward is available for early buyers.

More details can be found in the Whitepaper.

Hard Cap $33 Million
Total Tokens 4 Billion
Tokens available in presale 2.8 Billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase $10
Purchase with USDT, ETH, BNB

7. Solana ($SOL) – Ultra-fast Blockchain with Tons of Momentum

Solana ($SOL) is an ultra-fast blockchain and Ethereum competitor that saw enormous gains in 2021, hitting an all-time high of nearly $260. The token dropped precipitously during the crypto bear market, in part because disgraced FTX founder Sam Bankman-Fried was one of Solana’s biggest backers.

While it looked to many analysts like Solana would disappear after FTX’s collapse, the token has instead come roaring back. It’s up more than 330% in the last 5 months alone, now pushing the key $100 price level with strong upward momentum.

Solana Price Chart

Solana is also attracting tons of new development on its blockchain. Solana now has more than 2,500 active developers. While that’s likely in part due to the crypto market heating up, it’s also a sign that this blockchain could be the next hot Ethereum alternative once again.

$SOL remains down 60% from its all-time high. While there’s no guarantee $SOL will jump that high again, it likely has a lot of room left to run in 2024.

Market Cap $41.7 billion
All-time High $259.96
1-year return 309.91%

8. Ripple ($XRP) – Global Payments Network with Backing from TradFi Banks

Ripple is a global payments network that operates using the $XRP token. An individual in one country sends money, $XRP is transferred instantly across borders, and funds are delivered to the recipient in another country.

It’s a powerful, fast, and cheap alternative to the existing system for sending money around the world.

Ripple Price Chart

Ripple was held back for years by a legal battle with the SEC, which alleged that $XRP tokens issued by the project were unregistered securities. However, Ripple effectively won its lawsuit against the SEC in 2023, opening the door for widespread adoption by major banks.

In fact, banks have been starting to experiment with $XRP payments. That’s a good sign for the price of $XRP, since it has a fixed supply—so increased demand from banks to make global payments can directly push up the market price of the token.

$XRP is currently trading around $0.54, roughly 3x less than what it traded for before the SEC’s lawsuit.

Market Cap $27.4 billion
All-time High $3.84
1-year return 26.50%

9. Cardano ($ADA) – Unique Blockchain With Growing Developer Activity

Cardano is a cryptocurrency that aims to compete with Ethereum in the smart contract market. Cardano is more scalable and easier to use for developers by using two layers of technology – one for transferring value and another for tracking balances of the ledger. 

Cardano has many other interesting elements that might make it an appealing option for investors. For instance, Cardano completed an upgrade in September 2022 – which further improved its scalability.

Cardano Price Chart Jan 26 2024

Moreover, it has also launched its own stablecoin, which can help Cardano become a more important player in the DeFi space as one of the best DeFi coins to invest in.

Cardano is currently trading at $0.5904, down 80% from the all-time high it reached in 2021. So, this could be an opportunity to buy $ADA at a steep discount.

Market Cap $17.3 billion
All-time High $3.10
1-year return 29.3%

10. Meme Kombat ($MK) – Stake-to-Earn Meme Coin with P2E Game

Meme Kombat ($MK) is one of the best new meme coins on the market. It enables token holders to bet on their favorite meme warriors in a Battle Arena and earn $MK tokens based on the outcome. Meme Kombat presale

The project uses AI and blockchain technology to ensure all results are immutable, transparent, and fair and payment is instant.

There are 120 million $MK tokens. 50% (60,000,000 $MK) go to the presale at a current price of $0.279, for a total hard cap of $10,000,000. Of the remainder, 30% go to staking and battle rewards, 10% to community rewards, and 10% to DEX liquidity.

The presale has raised over $8.3 million.

For more information on Meme Kombat, check out the project whitepaper, as well as the socials (Telegram and Twitter). Only ETH, USDT, and BNB are supported for this presale. 

Hard Cap $10,000,000
Total Tokens 120,000,000
Tokens available in presale 60,000,000
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase $5
Purchase with USDT, ETH, BNB

11. Poodl Inu – Popular Meme Token Presale With High Staking Rewards

Poodl Inu is a trending new meme token that recently launched its presale, where it offers its native $POODL token for $0.000214 per token. 

Per the platform, it offers a promising annual reward rate of 12,397%, making it one of the best cryptos to buy right now. However, this percentage will decrease as more tokens are staked. 

Operating on the Ethereum blockchain, Poodl Inu has a supply of 6.9 billion tokens. Its allocation strategy includes 50% for presale, 30% for staking, 10% for a decentralized exchange (DEX), and 10% for marketing.

Poodl Inu presale

The project’s roadmap outlines its goal to offer high staking rewards and establish itself as a top meme coin in 2024, aiming to surpass known names like Doge and Shib.

Poodl Inu has a strong marketing plan to ensure worldwide recognition and attract investors with the potential for substantial returns.

The Poodl Inu whitepaper highlights the platform’s ambition to innovate within the meme coin category, highlighting a simple yet effective staking approach. The token aims to differentiate itself through its distinct character and capture the interest of investors looking for the next big meme coin.

Interested users can enter the Poodl Inu Telegram channel and follow it on X (Twitter) to get the latest updates on the platform’s progress.

12. eTukTuk ($TUK) – New Crypto offering Energy-Efficient Solutions to TukTuk Transport

eTukTuk is leveraging blockchain technology to help reduce air pollution and lower carbon emissions.

The overall goal of eTukTuk will be to set up Electric Vehicle Supply Equipment (EVSE) and EV charging stations around developing nations such as Sri Lanka.

eTukTuk token presale

The project currently has 257% staking APY on offer and has raised more than $800k.

Token holders can engage in power staking. They will stake their tokens into power nodes, which will help run the charging stations. Token holders will get paid an APY from a staking pool.

The $TUK token is now available to purchase through a presale. For more information, read the eTukTuk whitepaper and join the Telegram channel.

Total Tokens 2 billion
Tokens available in presale 300,000,000 $TUK
Blockchain Binance Smart Chain
Token type BEP-20
Minimum Purchase None
Purchase with USDT, ETH, Card

13. 5thScape ($5SCAPE) – Hot New Platform With Premium VR Content And Engaging Games

5thScape is a revolutionary online VR gaming platform set to redefine immersive 3D gaming experiences. 

The 5SCAPE token is the first crypto to provide exclusive access to premium VR content and devices.

5th Scape

Its 12-stage presale started on January 9th, 2024, with 5thScape’s developers aiming to raise $15M by the end of it. The 5SCAPE token, priced at $0.00187 at launch, is expected to increase by 400% by the end of the presale.

It uses $5SPACE tokens for access to a game library. The platform plans to launch five VR games, starting with ‘Cage Conquest’ in Q2 2024, focusing on an MMA experience.

Token holders get lifetime access to VR content and discounts on 5th Scape products, including a VR headset and ergonomic VR chair.

Interested users can enter the 5th Scape Telegram channel and follow it X (Twitter) for the latest project updates.

Presale Started 9 January 2024
Purchase Methods ETH or USDT
Chain Ethereum
Hard Cap 15 million
Min Investment None
Max Investment None

14. Green Bitcoin ($GBTC) – An Eco-Friendly Crypto with Rewarding Prediction-Based Staking

Green Bitcoin ($GBTC) is an innovative crypto operating on Ethereum. It uniquely integrates Bitcoin’s legacy with Ethereum’s energy-efficient Proof of Stake mechanism. 

This approach makes it about 10,000 times more environmentally sustainable than traditional Bitcoin mining.

Green Bitcoin

Green Bitcoin’s presale is offering tokens at $0.4642 each. The price will increase to $0.6 upon listing. 

There’s also 311% staking APY during the presale, providing a lucrative opportunity for early adopters.

A ‘Gamified Green Staking’ system lets token holders earn rewards by staking their $GBTC tokens and participating in daily Bitcoin price prediction games. Successful predictions earn a share of the daily staking reward pool.

Green Bitcoin actively engages its community via its Telegram channel

Total Tokens 21 Million
Tokens available in presale 8,400,000 GBTC
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

15.  Scorpion Casino ($SCORP) – Licensed Crypto Casino Token with Incredible Staking Rewards

Scorpion Casino is integrating the advantages of decentralized technology into the realm of online sports betting and casinos.

Scorpion Casino offers a wide selection of games, including over 200 casino games and 160 live games. Casino games include slots, blackjack, roulette, poker, and live casino experiences.

Scorpion Casino

The $SCORP token offers users significant benefits. First, players at Scorpion Casino earn 25% cashback on losses when they bet with $SCORP.

On top of that, token holders earn passive income from staking rewards paid in $SCORP. Staking rewards are paid from the revenue the casino earns.

Scorpion Casino also plans to buy back and burn $SCORP tokens, potentially raising the token’s market price.

Total Tokens 1 billion
Tokens available in presale 280,000,000 $SCORP
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

16. Scotty the AI ($SCOTTY) – Blends AI And Blockchain For Quick Threat And Fraud Detection

Scotty the AI ($SCOTTY) is a hot new crypto project whose core mission is to protect the crypto universe using its AI capabilities and understanding of blockchain.

The project is designed to revolutionize security, fraud detection, and knowledge discovery within the crypto space. 

scotty the ai token presale

The platform recently launched its presale, where early buyers can grab $SCOTTY tokens for a discounted price of $0.00555.

Scotty uses new-age AI algorithms to analyze blockchain data, detect patterns, and identify threats. The AI’s deep understanding of blockchain is important in navigating and protecting the crypto ecosystem.

Join the Scotty AI Telegram channel to get the latest project updates.

Presale Started January 2024
Purchase Methods ETH or USDT
Chain Ethereum
Total Supply 1,734,567,890
Min Investment 10 SCOTTY
Max Investment None

17. ScapesMania ($MANIA) – Blends Blockchain Rewards and Casual Gaming

ScapesMania is a gaming ecosystem aiming to blend the financial advantages of blockchain with the large user base of casual gaming. 

Governed by a Decentralized Autonomous Organization (DAO), it lets players have a say in its development and operations. More than $360k has now been raised in its presale.

ScapesMania - HomepageThe project’s native currency, $MANIA, is currently on presale, priced at $0.00254 per token, with a planned increase to $0.01 at listing. Early investors also get a 25% buying bonus.

Users can join the ScapesMania Telegram channel for the latest updates.

Total Tokens 4 billion
Tokens available in presale 1.2 billion $MANIA
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

18. Mollars ($MOLLARS) – A New Bitcoin Alternative, Offering High Demand Store of Value

Mollars ($MOLLARS) aims to be a new version of Bitcoin that serves as a store of value.

The founders of Mollars will not hold any tokens – all tokens will go to the project and community. The founding team aims to let the community lead the charge once the project has launched.

Mollars Homepage

This could lead to mass engagement and a strong appetite to invest in the project, raising its value as a result.

So far, Mollars has raised over $750k during its token presale.

For more information, read the whitepaper, and follow Mollars on X (Twitter), Discord, and Telegram.

Token symbol MOLLARS
Total supply 10 Million
Presale supply 4 Million
Network Ethereum (ERC20)
Purchase methods ETH, USDT, Credit Card

19. Monero ($XMR) – Enhanced Privacy Coin With Ring Signatures & Stealth Addresses For True Anonymity

Monero ($XMR) is the oldest and most well-known of all the privacy coins.

Monero hides both the sender and receiver addresses using Ring Signatures and Stealth Addresses. Balances and transactions in Monero wallets are not visible.

Monero Price Chart Jan 26 2024

Monero even uses Dandelion++, a protocol that obscures the IP address of the devices that make transactions. This is a big deal considering that many Americans report being worried about privacy.

Being a PoW blockchain, Monero isn’t the most eco-friendly. Still, in terms of privacy, it is unparalleled in most regards, with privacy as a default for users.

Market Cap $2.9 billion
All-time High $542.33
1-year return -9.8%

Is Cryptocurrency a Good Investment?

Now that we’ve listed some of the best tokens to buy now, let’s look at some of the top reasons why people choose to invest in cryptocurrencies.

  • Potential for large gains – While cryptocurrencies are a volatile asset class, they have the potential to generate large gains. History suggests that when compared to the stock market, cryptocurrencies have performed significantly better. Bitcoin is a good example of this. It has increased by nearly 68 million percent since 2011.
  • Cheaper prices available in the current bear market – Just like stocks, cryptocurrencies experience prolonged price increases (bull market) and decreases (bear market). Currently, cryptocurrencies are in a bear market. This means that those considering buying cryptocurrencies today will enter the market at a lower price point.
  • Some cryptocurrencies are decentralized – Some cryptocurrencies have decentralized frameworks, which means that nobody controls the network. For example, those holding Bitcoin in a self-custody wallet own their funds outright. As long as the wallet is kept safe, only the investor can access their Bitcoin. Bitcoin transactions cannot be blocked – due to its decentralized system. Nor can self-custody wallets be frozen.

Potential Risks of Investing in Crypto

Like all investment prospects, the risks should also be considered. In this section, we examine the key risks to bear in mind before deciding which crypto to buy.

  • Cryptocurrencies are volatile – The cryptocurrency market often witnesses huge price swings. This is especially true with small-cap cryptocurrencies, although even the best coins to buy now can have their ups and downs. For example, XRP’s all-time high of $3.84 was hit in early 2018. It has never recovered this price, even though we have since witnessed a prolonged bull market.
  • Some cryptocurrencies are scams – It goes without saying that the majority of cryptocurrency projects have legitimate intentions. But a small segment of this industry has one clear goal – to convince as many victims as they can to part with their money. For example, one of the biggest cryptocurrency scams of all time was OneCoin – which duped investors out of $25 billion.
  • Third-party risks – First-time cryptocurrency investors should also consider third-party risks. For example, those storing cryptocurrency tokens in a self-custody wallet are at risk of hacking attempts. If a hacker successfully gains access to the wallet, they control the funds. Another third-party risk to consider is exchanges. For example, one of the world’s largest exchanges at the time, FTX, held billions of dollars worth of customer funds. FTX has since collapsed, leaving many investors with life-changing losses.

How We Determined the Best Crypto to Invest In

Investors should always be clear that investing in crypto is volatile and risky and that independent research should be conducted. New crypto projects especially tend to have a higher potential than older ones but do not have an established market to lean on, causing increased volatility.

As we noted above, finding the best crypto to buy today is not an easy task by any means – even for the most seasoned of investors. With that in mind let’s explore our review and rating process covering all key metrics from trading volume to real-world adoption. 

How to Spot Potential Red Flags

When researching any crypto project, especially new ones, the best place to start is the website and whitepaper.

When looking at projects, potential red flags include:

  • Poorly written, rushed or vague whitepapers can be a telltale sign that a project has not been well planned, or could even be an outright scam.
  • No roadmap
  • Small social media followings or large followings with a lack of activity on posts – which indicates bought or purchased followers.
  • Anonymous developers.

Meme coins, a highly speculative crypto asset class, can often have a lot of red flags but still return incredible gains. Many of them only enjoy short-term success – meaning hype, word-of-mouth and community interest can play a much larger role.

Pepe grew from a tiny project to a market cap of almost $2 billion purely through word-of-mouth, FOMO (fear of missing out) and greed from speculative investors – the token has very little ‘value’ in terms of utility.

Now just six weeks later, PEPE’s market cap is now $1.5 billion smaller than at its peak, at around $350 million, showing how quickly meme assets can rise and fall.

High Upside Potential 

Perhaps the most important aspect we considered when populating this list is the scope for growth, both short and long-term.

buy Bitcoin UK

Immediate factors to consider are a project’s current price, use case, tokenomics, past performance and future roadmap, as well as popularity and sentiment from the market, which plays a huge factor in price action.

Take Bitcoin, which is currently trading between $25,000-$30,0000, as an example. It has been the best-performing crypto over its full life cycle, reaching an all-time high of almost $70,000 in late 2021 – despite being more than 60% down from that price at the time of writing, BTC has still posted all-time gains of more than 40,000,000%.

On the other hand, the best new cryptos often launch with much greater price potential than 300% returns, but come with a far larger risk factor associated. For example, Tamadoge (TAMA) returned 300% in its presale before pumping almost 2,000% when it listed on exchanges.

Undervalued Prices

Investors might also want to consider the price of the cryptocurrency before making a purchase. This involves picking digital tokens that appear to be trading for less than their potential value.

There are a great many tools at an investor’s disposal across the web. This can include data aggregation sites such as CoinMarketCap or CoinGecko to track the market caps of different tokens, while DEXTools shows trending new coins. There are also more advanced tools such as TradingView, or analytics firms such as Glassnode and DeFiLlama.

Another way to buy cryptocurrencies at a low price is by investing in a presale or when the project is in its early stages – when tokens are offered at a hugely discounted price. 

An undervalued crypto could be Cardano (ADA), which continues to perform poorly in terms of price despite on-chain data from DeFiLlama proving the network is as busy as ever.

Long-Term Utility

Finding the best long-term crypto investments is no easy feat. Irrespective of broader industry conditions, the best coin to invest in is one that has an edge over the market – especially with a unique utility.

This offers a clear reason for investors to pick a project from the many thousands of other options – it will help solve a real-world issue, or make life easier/better in some way and therefore people will need to use it, rather than it just existing as an investment vehicle.

ethereum tvl

While Bitcoin is seen largely as a store of value and ‘digital gold’, with some usage as a currency, Ethereum, is one of the best utility tokens around. DeFiLlama data shows that Ethereum has a TVL (total value locked – the value of other apps built on its chain) worth nearly 60% of the whole market at $25.3 billion at the time of writing, nearly five times bigger its nearest competitor, Tron ($5.4bn).

Project Roadmap

When considering new cryptocurrencies, investors should carefully study the roadmap. Crucially, if the project doesn’t have a viable roadmap with attainable objectives, then this should be viewed as a major red flag. 

aidoge roadmap

On the other hand, if the project has a clear outline of its future plans, it is more of a seamless task to assess how the respective cryptocurrency will perform further down the line – and how the developers will work to reach those goals.

Market Cap

The market cap of cryptocurrencies is often used as an indicator of the dominance and popularity of cryptocurrencies and also informs us of the total value of the cryptocurrencies in circulation, according to the market.  

bitcoin dominance chart 1306

Large market cap tokens indicate they are more popular and somewhat safer, but often mean the chances of rapid price increases are unlikely. Investing in cryptocurrencies with a small market capitalization offers a much higher upside when compared to established coins – though the risk of loss, and larger losses, is much greater. This is almost always the case with brand-new projects that are still in their presale phase.

This offers plenty of upside for early investors in the search for sizable gains.

Trading Volume & Liquidity

Trading volume and liquidity are key elements to assess when you’re looking for the best cryptocurrencies to buy. These factors can determine how efficiently you can trade cryptos on the market. This is why they’re so important:

  • Market Stability: Altcoins with high-scale trading volumes tend to maintain better market stability. This is because a larger pool of buyers and sellers are participating in the market. As such, big buy or sell orders are less likely to trigger market volatility. Conversely, low-volume cryptos can be more vulnerable to price manipulation from investors with deep pockets such as crypto whales.
  • Ease of Buying and Selling: High liquidity levels mean you can easily buy or sell cryptos without significantly impacting its market price. This is particularly important for short-term day traders aiming to take advantage of acute price swings. Assets with little to no liquidity can result in slippage, meaning traders don’t receive the price they expected.
  • Tight Spreads: Liquidity directly correlates to the bid-ask spread, the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. In markets with high liquidity, the market spread is typically narrower, helping to minimize trading fees. Broader bid-ask spreads can slash profits.

Past Performance

The past performance of a cryptocurrency can also inform investors of how it has previously performed in different market conditions and how it may trade in the immediate and mid-term future.

Many investors use technical analysis trading and technical indicators such as on-balance volume (OBV), moving average convergence divergence (MACD), relative strength index (RSI) and various oscillators when they are day trading – although this is absolutely not recommended for beginners and takes months, if not years, to fully grasp.

btc technical indicators

MonaCoin is a token that hit huge heights but has struggled to emulate that performance. The Japanese meme token, which is only available on a few exchanges, rapidly grew from around $0.02 in January 2017 to $16.45 in December 2017, an increase of 71,421% – meaning $1 of investment would have been worth more than $700.

However, the price quickly dropped and the last time it was even $5 was in April 2018 and it hasn’t traded above $1 since February 2022. At the time of writing, MONA can be purchased for just $0.35 – a 98% drop from its all-time high.

How to Invest in Top Cryptos Easily

Here’s how to buy cryptos from the comfort of your own home easily, securely and quickly.

  • Step 1: Open a crypto trading account with a regulated crypto broker or exchange. We recommend MEXC because of low fees and a variety of crypto assets offered.
  • Step 2: Complete KYC requirements to unlock bank transfers. But this is not mandatory if you’re using other deposit methods.
  • Step 3: Deposit funds into your account via several payment methods including SEPA bank transfers, cards or crypto.
  • Step 4: Search for cryptos via the search tab.
  • Step 5: Tap the Trade button and specify how much of the particular crypto you’d like to buy.

For a more in-depth guide on how to buy crypto tokens in 2024 be sure to check out our exhaustive tutorial designed for both beginners and seasoned pros.

Conclusion

Investors must conduct due diligence on a project before investing and ensure to look out for projects that have solid fundamentals and clear visions for the future – as well as looking for red flags that could signal a poorly operated project or an outright scam.

The best crypto to buy now is Frog Wif Hat ($FWIF) – a new meme coin aiming to make build a bridge between the Ethereum and Solana networks.

References

FAQs

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Michael Graw

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.