Best Crypto to Trade in May 2024

Investors are constantly looking for new cryptocurrencies to trade, but they are often unsure where to start.

For that purpose, we’ve thoroughly analyzed the best crypto to trade in 2024, including some top crypto trading strategies to help investors make consistent gains.

The 13 Best Cryptos to  Trade

  1.  WienerAI (WAI) – Best under $1 AI-based token to trade this year.
  2. 5th Scape (5SCAPE)VR and AR gaming cryptocurrency, over $2.6M raised.
  3. Sponge V2 (SPONGEV2) – Renewed meme coin offers 181% staking APYs.
  4. Smog (SMOG)Most popular meme coin to trade now, get 42% staking APYs.
  5. eTukTuk (TUK)Sustainable crypto building EV charging stations, $1.7M raised.
  6. Shiba Shootout (SHIBASHOOT) – Dog-themed meme coin, offering rewarding programs.
  7. BlastUP (BLP) – New crypto with significant potential upsides.
  8. KAI (KAI) – AI-compatible meme coin with high staking rewards.
  9. Dreamcars (DCARS) – Own luxurious cars via fractional NFT ownership.
  10. Bitcoin (BTC)#1 crypto in the world, market cap of over $1 trillion.
  11. Ethereum (ETH) – Large-cap crypto deploys smart contracts and DApps.
  12. BNB (BNB) – Utility token of the Binance cryptocurrency exchange.
  13. Decentraland (MANA) – Popular metaverse crypto, $1B market cap.

Analyzing the Best Crypto to Trade

1. WienerAI – Best Under $1 AI-based token to trade this year

WienerAI ($WAI) is a dog-themed coin seeking to replicate the successes and even outperform other top meme tokens in the market. To achieve this success, $WAI is riding on the two most popular technologies in the world – artificial intelligence and blockchain technology to make a huge statement.

$WAI

Understanding that to thrive as a meme coin, it must enjoy the backing of a good community, $WAI is seeking to build an unstoppable sausage army. The meme coin aims to gather its community by offering them tantalizing staking APY in its ongoing presale. 

Despite launching some hours ago, $WAI has swiftly established itself as one of the best crypto to trade this year. The token has a transparent tokenomics that explains the distribution of the token. 

While checking its token allocation, we noticed the project team allotted 20% each to community and staking rewards each. Hence, massive opportunities await early movers of $WAI. 

WienerAI tokenomics

Presale Started April 2024
Purchase Methods USDT, ETH, BNB, MATIC
Chain Ethereum
Token Type ERC-20
Min Investment None
Max Investment None

2. 5th Scape (5SCAPE) – Crypto and VR Technology Merged in a New Blockchain Project   

5th Scape is a new crypto presale that could become the best crypto to trade in 2024. This project aims to merge VR technology, including proprietary games and hardware with blockchain technology.

The 5SCAPE token is only available to buy in a presale at the moment. There will be 12 presale rounds where each round will see an increase in the token price. 

Currently, the price of the token stands at $0.00248. Once the presale ends, the team will list the token on exchanges at a price of $0.01 apiece which is a 300% price jump, according to the 5th Scape whitepaper. This should give early investors a massive return of investment if the price holds when investors intend to sell.

Follow 5th Scape on X and join the 5th Scape Telegram channel for the latest news on the presale. Make sure to check out 5th Scape Discord as well.

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

3. Sponge V2 (SPONGEV2) – New Token Upgrade, Get 187% Staking Yields

Sponge V2 tries to outperform the success of Sponge V1, a meme coin that had a market cap of $100 million at its peak in 2023, returning over 100x to early investors.

You can only get the Sponge V2 token by staking your V1 tokens. If you don’t have any, visit the Sponge V2 website, connect your Ethereum wallet, and use ETH or USDT to make a purchase. Once you have your tokens, stake them right away to earn a generous annual percentage yield of over 181%. This won’t last forever, though. As more tokens are staking, the APY will drop.

Luckily, there will be a minimum APY of at least 40% for the next four years, according to the Sponge V2 whitepaper. The upgraded token now plans to launch a play-to-earn game, which will include popular meme characters. This is designed to give the token utility aside from being just a meme to speculate on.

Follow Sponge V2 on X and join the Sponge V2 Telegram channel to stay up to date with the latest information. 

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

4. Smog (SMOG) – Best Meme Coin to Trade, Get Airdrop Rewards and High Staking APYs

Smog ($SMOG) is our top pick for the best crypto to trade daily. This is a new meme coin created on the Solana blockchain. Within a couple of days, the market cap jumped from $2 million to more than $100 million.

The cryptocurrency conducted a fair launch in February 2024, listing straight on the Jupiter decentralized exchange. Originally created on Solana, $SMOG has launched also on Ethereum using the PortalBridge. Thus, more investors can easily trade this new token.

$SMOG is also attracting interest due to its airdrop campaign. Token holders can sign up for the Smog airdrop on Zealy and start collecting airdrop points. You can earn points by simply holding the token and completing challenges – such as following the X and Telegram channels. 

In total, 490 million tokens will be allocated through the airdrop. This represents 35% of the 1.4 billion token supply. Smog offers high annual yields through its staking mechanism. Currently, $SMOG can be staked to earn 42% annual yields. Read the Smog whitepaper for more information.

Hard Cap N/A
Total Tokens 1.4 Billion
Tokens available in presale Not a presale
Blockchain Solana
Token type SPL
Minimum Purchase N/A
Purchase with SOL, USDT, USDC or any other Solana-based token

5. eTukTuk (TUK) – World’s First Automotives Cryptocurrency Platform Built on the Cardano Blockchain

Due to the use cases and environmental benefits that eTukTuk aims to provide, it has the potential to become the best coin for future trading.

As energy prices are rising, it is becoming more and more expensive for TukTuk drivers in developing countries. This platform aims to help TukTuk drivers make the shift from internal combustion engines (ICEs) to electric vehicles to zero-emission vehicles (ZEVs). $TUK, the native token, will be used to maintain the ecosystem, reward token holders, and make the costs cheaper for drivers. 

TukTuk drivers can access EV charging stations that eTukTuk sets up, and make payments using $TUK. Since the token is built on the Cardano blockchain, it is energy-efficient and results in low fees. Token holders can stake the native cryptocurrency into power nodes to help maintain the charging stations. They too, will get an APY every time a transaction is made using the EV charging stations.

Currently, the presale has raised over $1.7 million and $TUK is priced at $0.02775 per token. Read the eTukTuk whitepaper and join the Telegram channel for more platform updates.

6. Shiba Shootout – Revolutionary Crypto with lucrative staking perks

Shiba Shootout ($SHIBASHOOT) is one of our highly rated picks for the best crypto to trade daily. Based on the Ethereum network, the meme coin has continued to attract the attention of early movers, amassing up to $200k in its ongoing presale despite going live a few hours ago. 

Shiba Shootout meme coin

One of the standout features of $SHIBASHOOT is its adoption of a fair launch model, providing investors with equal advantage to get their hands on the meme coin. The project team allocated 35% of the token’s total supply so investors can have enough opportunity to gain exposure to the token.

More so, the team allocated about 20% of the token total supply for staking rewards, offering early movers the opportunity to earn more profit with the meme coin. As a result of how meme coins are booming of late, $SHIBASHOOT is in a good position to enjoy a good performance in the market once it launches. 

Shibashootout tokenomics

Overall, $SHIBASHOOT has an advantage over some of its peers in the meme coin sector due to its innovative way of combining utility with humor. The project is encouraging investors to join Marshal Shiba and Shiba Sharpshooters in a thrilling journey that entails creativity, strategy, and the excitement of a cowboy’s duel. 

Presale Started April 2024
Purchase Methods USDT, ETH, BNB, CARD
Chain Ethereum
Token Type ERC-20
Min Investment None
Max Investment None

7. BlastUP (BLP) – New Crypto with Significant Potential Upsides

With its substantial upsides, BlastUP (BLP) is now on the watchlist of many investors seeking the best crypto to trade daily. This red-hot crypto is popular as the native token of BlastUP, a pioneering launchpad on Blast.

Championing the “Grow faster, earn more” motto, BlastUP is designed to provide enablement for startup projects to excel in the bustling blockchain landscape.

BlastUP (BLP)

BlastUP’s revolutionary offerings give growth potential to BLP, making it a compelling investment opportunity for both short and long-term investors. Currently available for as low as $0.06, BLP’s ongoing presale presents the best opportunity for everyone to gain exposure to a project with massive potential.

You can buy your BLP tokens and stake them to further compound your gains. Token holders will also be able to unlock other loyalty benefits like exclusive access to tiered IDO launches and airdrops.

They will also get allocations for token sales of the project launched on BlastUP. These rewarding offerings have consequently enhanced its market appeal and credibility, positioning it as a natural priority for new and seasoned investors alike. 

So far, not less than $5 million in early investments have been raised and there are even indications that more is on the way. To join the tens of thousands of investors who are diversifying their portfolios with the high-potential project, visit its official website now to buy BLP. 

Token symbol BLP
Total supply 2 Billion
Presale supply 200 Million
Network Ethereum
Purchase methods USDT, BNB, ETH, MATIC

8. KAI (KAI) – AI-Based Meme Coin With Generous Staking APY

One of the best crypto to trade this month is KAI (KAI). This meme coin has a cat mascot with a Ray Gun and is AI-compatible. This means the team aims to cater to both meme coin traders and AI investors with a single cryptocurrency.

The main goal, however, is to finally overtake the dog-themed meme coins like Dogecoin and Shiba Inu with a cat meme coin.

kai meme coin

KAI is currently in a presale where you can get it for $0.0040401 apiece. The price will go up every couple days, meaning you get a lower price the earlier you buy the token. The KAI presale site supports ETH, USDT, and card purchases.

BNB purchases are also supported. However, you won’t be eligible to earn the staking rewards, which currently stand at over 25,000% APY. BNB has lower transaction fees than ETH, making it a good option during the later stages of the presale when the staking APY has dropped significantly.

To increase token awareness and get more meme coin traders and investors on board, the team has allocated 25% of the total token supply for marketing purposes and another 25% for community rewards.

Token symbol KAI
Total supply 10 Billion
Presale supply 2 Billion
Network Ethereum
Purchase methods USDT, BNB, ETH, Card

9. Dreamcars (DCARS) – Luxurious Car Ownership And Rental Income Via NFTs

Dreamcars is a popular new crypto project that aims to bring luxurious car ownership to the masses and let them earn rental income passively.

To achieve that, Dreamcars mints an NFT every time it purchases a new car, and then users can purchase and trade fractions of the NFT. Proportionally to their ownership, they will earn rental income. If someone decides to become a 100% owner, they can have the car delivered to them. The team has already bought their first Black Lamborghini Urus, which is fully insured.

dreamcars token presale

Powering it all is the $DCARS token that is now in a presale phase allowing early investors to buy the token at a lower price before listing. All you need is ETH, BNB or USDT to make the purchase.

Your tokens will have a vesting period of 90 days after the presale ends, where each day 1% of your token supply will be unlocked. The final 10% are unlocked on day 90.

As a token holder, you can buy fractional NFTs on the Dreamcars marketplace or you can vote which car to be purchased. This makes $DCARS one of the best cryptos to trade now.

Token symbol DCARS
Total supply 1 Billion
Presale supply 300 Million
Network Ethereum
Purchase methods USDT, BNB, ETH

10. Bitcoin (BTC) – Top Cryptocurrency to Trade for High Levels of Liquidity and Volume 

While newly launched cryptocurrencies offer the greatest upside potential, day traders might prefer large-cap tokens like Bitcoin. After all, Bitcoin is the largest cryptocurrency by market capitalization, so it attracts huge levels of liquidity and volume. 

In the prior 24 hours alone, more than $14 billion worth of Bitcoin has been traded. This ensures that traders can buy and sell Bitcoin around the clock without worrying about slippage.

Another reason why Bitcoin could be the best crypto to trade is that it currently trades at a huge discount. For example, Bitcoin was trading above $68,000 during the prior bull market. 

Currently, Bitcoin trades at $67,280.80. This will appeal to both short and long-term traders that believe Bitcoin will eventually return to its former all-time high.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

11. Ethereum (ETH) – Secure a Huge Discount on the World’s Leading Smart Contract Ecosystem  

Similar to Bitcoin, Ethereum is a large-cap project that is also one of the best crypto coins to trade. Its native token, ETH, fuels the Ethereum ecosystem. 

ERC-20 transactions require ETH for GAS fees, creating unprecedented demand. In terms of volume, more than $21 billion worth of ETH has been traded in the prior 24 hours. Moreover, Ethereum has a market capitalization of over $473 billion, which is the second-largest behind Bitcoin.

That said, Ethereum remains one of the most prominent crypto winter tokens to trade. For example, ETH is currently trading around the $3,900 level. ETH can also be traded against other cryptocurrencies, with thousands of pairs in the market. 

This crypto-to-crypto trading pair attracts hundreds of millions of dollars in liquidity on a daily basis.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

12. BNB (BNB) – Heavily Traded Cryptocurrency Backing the Binance Ecosystem   

Launched in 2017, BNB is a large-cap cryptocurrency that fuels the Binance ecosystem. BNB has many use cases which have propelled the cryptocurrency to a market capitalization of nearly $70 billion. This includes lower trading commissions on the Binance exchange. 

What’s more, BNB is also the proprietary token of the Binance Smart Chain (BSC). Nearly 2,000 tokens are listed on the BSC network, with GAS fees paid in BNB.

Most trading pairs on the BSC network are paired with BNB – providing further demand as one of the best coins to trade.  Another benefit of trading BNB is that Binance regularly burns tokens from the circulating supply. This artificially increases its value, considering there are fewer tokens in the market. 

Like many cryptocurrencies, BNB is still trading at a huge discount when compared to its 2021 highs. 

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

13. Decentraland (MANA) –  Invest in the Leading Metaverse Project at a Huge Discount    

Decentraland launched its metaverse project in 2017 and many years of development. Built on top of the Ethereum blockchain, Decentraland functions on smart contracts. This ensures that its metaverse is decentralized and transparent. 

While Decentraland enables users to explore, socialize, and play games – its ecosystem is popular with metaverse real estate investors. This is because investors can buy plots of land that are backed by NFTs. In their 2024 manifesto, Decentraland reported that their main goal for 2024 is to construct and release the next era of the Decentraland Client.

During its early days, plots were selling for a few dollars apiece. Fast forward to the bull market of 2021 and plots were selling for several million dollars. That said, due to bear market conditions, investors can now buy Decentraland plots at a significant discount. 

Similarly, its native ecosystem token, MANA, is also trading at bear market lows. For example, MANA was trading at almost $5 in late 2021. Currently, MANA can be purchased at under $0.68 per token. 

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

The Basics of Crypto Trading

In simple terms, crypto trading is the process of buying and selling digital currencies like Bitcoin. The idea is to generate returns when crypto prices rise and fall. Just like stocks, crypto prices fluctuate throughout the day, providing plenty of opportunities to make money. However, investors should know there is a clear difference between crypto trading and investing.

Top Crypto Trading Strategies

Once the best cryptocurrencies to trade have been identified, the next step is to learn some strategies:

  • Day trading: In a nutshell, crypto day trading is a very short-term strategy. Day traders open multiple positions throughout the day. Positions usually remain open for a few minutes or hours. But day traders never keep positions open overnight. The objective for crypto day traders is to capitalize on short-term pricing movements. 
  • Swing trading: While swing trading is a short-term strategy, it offers a lot more flexibility than day trading. This is because swing traders can keep positions open for several days or weeks. Since swing trading requires knowledge of technical analysis, traders have more time to make decisions. This is in contrast to day trading, which requires traders to actively analyze chart movements on a minute-by-minute basis.
  • Dollar-cost averaging: A more suitable crypto trading strategy for beginners is dollar-cost averaging. This strategy should only be used on cryptocurrencies that have long-term potential. Moreover, investors should follow their dollar-cost averaging strategy religiously. This should be the case in both bull and bear markets.
  • Presale trading: Presales are funding-raising campaigns run by newly launched projects. Similar to IPOs, the project will offer early investors a discounted price. The most popular presales provide an immediate upside once the tokens are listed on exchanges. 

How to Decide Which Cryptos to Trade?

Crypto traders initially need to consider their preferred strategy. This will help clear the mist on which cryptos to trade.

For example, those looking to day trade will likely need to focus on larger-cap coins. This will ensure that there are sufficient levels of liquidity and trading volume. Day traders will then need to study pricing charts via technical indicators. The objective here is to look for a suitable entry point to capitalize on the readings.

On the other hand, those seeking above-average gains over a longer period of time might consider presales. Many new presales launch throughout the week, so traders should ensure that they conduct plenty of research. Consider reading the presale whitepaper, taking note of its roadmap, tokenomics, and core team. Moreover, traders should evaluate the use cases of the presale token being sold.

Do note that traders won’t be able to sell their presale tokens until they are listed on a crypto exchange. At this point, those who missed out on the presale will be able to buy the token. The token’s value will rise and fall depending on market forces. Therefore, traders should have an exit strategy in place.

Conclusion

Learning the best strategies for crypto trading can lead to significant financial gains. However, investors should note that they have to take extra precaution and do detailed research on whichever crypto they want to go with.

Having explored the best crypto to trade, we like the look of WienerAI ($WAI). This is a new meme token that uses AI.

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Kane Pepi
Editor
Kane Pepi
Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…