Most Profitable Cryptocurrency to Invest in 2024

Why Trust Techopedia Crypto
Why Trust Techopedia Crypto

Cryptocurrencies have become increasingly popular due to their innovative technology, decentralization, and fast transactions. However, the most compelling reason has always been their profitability.

With this in mind, we searched for the most profitable cryptocurrency of 2024 and found not one but more than ten potential contenders. This article will review each, along with tips on finding profitable cryptos and the right time to invest in them.

Most Profitable Crypto List for November 2024

  1. Pepe Unchained – Most profitable Ethereum Layer-2 meme coin.
  2. Crypto All-Stars – Highly rewarding meme coin with a 3x multiplier on staking APY.
  3. Flockerz – Vote-to-earn meme token offers up to 1,300% staking APY.
  4. FreeDum Fighters – Political meme coin showing high-profit potential.
  5. Memebet Token – Best crypto for quick profit and huge wagering rewards.
  6. Sponge V2 – High upside meme token with over 30% staking APY and a P2E game.
  7. ShibaShootout – Western-themed meme coin that can be profitable this year.
  8. Race to a Billion – Profitable cryptocurrency with 3,500% dynamic APY.
  9. Bitcoin – The biggest crypto in the world with a market cap of more than $1 trillion. 
  10. Ethereum – #1 altcoin by the market cap; supports smart contracts. 

Most Profitable Cryptocurrency – An In-Depth Analysis

After checking our quick overview, it’s time to dive deep into the highest-profit cryptocurrencies on the market today.

1. Pepe Unchained – Ethereum L2 Meme Coin Showing High-Profit Potential

  • pepe unchained-next crypto to hit $1 Total supply: 8 billion
  • Network: Ethereum L2
  • Token type: ERC-20

Pepe Unchained ($PEPU) is a newly launched coin inspired by the ‘Pepe the Frog’ meme. This trending token is built on Ethereum’s robust and highly efficient layer-two (L2) blockchain. It offers huge staking rewards and fast transaction speeds to $PEPU investors. 

Why Is Pepe Unchained Profitable?

Pepe Unchained can be a profitable investment due to its robust network capabilities. Built on the L2 blockchain, Pepe Unchained offers fast transaction speeds while reducing gas fees for $PEPU token holders. This can help incentivize token adoption in the long run. 

Furthermore, Pepe Unchained promises a high staking APY of up to 90% through its staking mechanism. This potentially profitable token is off to a soaring presale launch – raising over $24 million in a few weeks. 

Currently, $PEPU is priced at only $0.01199 per token. Of $PEPU’s total 9.4 billion token supply, 50% is distributed through the presale. Read the Pepe Unchained whitepaper and join the Telegram channel for more information. 

Pros pros

  • Offers fast transaction speeds and low gas fees
  • Built on ETH’s efficient L2 blockchain
  • Over $24 million raised on presale

Cons cons

  • Staking APY will reduce over time

2. Crypto All-Stars – Highly Rewarding Meme Coin with a 3X Multiplier on Staking APY

  • STARS crypto presaleTotal supply: 42,069,696,969
  • Network: Ethereum
  • Token type: ERC-20

Crypto All-Stars ($STARS) is a hot new token that aims to revolutionize the meme coin space. This innovative project introduces the first-ever ‘MemeVault,’ a unique staking protocol that allows users to earn $STARS tokens by staking popular meme coins.

Why Is Crypto All-Stars Profitable?

Crypto All-Stars can be a profitable investment because it offers a unique way to stake some of the hottest meme coins. The project creates a unified ecosystem that could possibly drive a lot of demand for the token by letting users stake different popular meme coins and earn $STARS.

Also, Crypto All-Stars gives $STARS holders a 3x multiplier on staking payouts. This means that investors could make three times as much passive income as they would by staking original meme coins. Considering the early presale figures of over $2.2M in just days, early investor support is quite evident.

At the time of writing, each $STARS is worth only $0.0015371, and 20% of the token supply is available in the presale phase. For more information, read the Crypto All-Stars whitepaper. You can also follow its X account and join the Crypto All-Stars Telegram group to get the latest updates.

Pros pros

  • Innovative MemeVault concept
  • 3x multiplier on staking rewards
  • Strong initial investor support

Cons cons

  • Staking rewards will decline over time

3. Flockerz – Vote-to-Earn Meme Coin Protocol is Soaring on Presale

  • Flockerz logo Total supply: N/A
  • Network: Ethereum
  • Token type: ERC-20

Flockerz ($FLOCK) is a new meme coin that has recently launched its presale campaign. This meme token aims to unite a community of like-minded people who will have a huge say in deciding the platform’s future. Through its decentralized DAO, $FLOCK token holders get voting rights – deciding future platform decisions by voting on future proposals. 

Why Is Flockerz Profitable?

As a reward for voting on proposals, Flockerz offers more $FLOCK tokens. Thus, it can turn out to be a profitable investment in the long term. 

Moreover, Flockerz can be profitable for long-term investors, as they can stake their holdings on smart contracts and generate a regular APY. At the time of writing, the annual staking yield is more than 1,300%. 

Interested investors have the chance to buy $FLOCK for just $0.0059098 per token through the ongoing presale round. The Flockerz presale has already secured a $1.2M raise in just two weeks.

Pros pros

  • Offers voting rights
  • Over 1,300% staking APY
  • Raised $1.2M in just two weeks

Cons cons

  • Can be a highly volatile investment

4. FreeDum Fighters – Political Meme Coin Showing High-Profit Potential

  • FreeDum FightersTotal supply: 270 billion
  • Network: ETH, BSC, BASE, Solana
  • Token type: ERC-20 (Base Chain)

FreeDum Fighters ($DUM) is a newly launched coin parodying the U.S. presidential election. The token is built on multiple blockchains and features a unique gamified political system. It offers $DUM holders staking rewards and bonuses for debate participation.

Why Is FreeDum Fighters Profitable?

FreeDum Fighters is on our list because of its innovative approach to political engagement. It’s built with multi-chain support, offering flexibility and potentially lowering transaction costs. This can especially help drive token adoption through the election season.

The platform also offers high rewards via its staking and debate participation mechanisms. This profitable token is already off to a strong presale start – raising over $391,000 with more than 4.5 billion tokens sold.

$DUM is currently available for just $0.00006 per token in the first presale stage. Of its total 270 billion token supply, 40% is distributed through the presale. For more information, read the FreeDum Fighters whitepaper and join its Telegram channel.

Pros pros

  • Multi-chain support for better accessibility
  • Unique gamified political engagement system
  • Impressive presale performance

Cons cons

  • Success tied to U.S. election timeline

5. Memebet Token – Revolutionary Meme Coin Provides Play-to-Earn Wagering Benefits for Casino Players

  • Memebet Token logo Total supply: 2 billion
  • Network: Ethereum
  • Token type: ERC-20

Memebet Token ($MEMEBET) is a recently launched meme token that offers wagering opportunities and play-to-earn airdrop rewards through its online gaming casino. The Memebet Casino gives $MEMEBET and other meme coin holders access to 1,000+ casino games and sportsbook markets. 

Why Is Memebet Token Profitable?

Firstly, early $MEMEBET token holders can make huge profits through the casino’s unique wagering mechanism. $MEMBET and other meme tokens, such as $PEPE, can be wagered on the upcoming casino. 

The more tokens one wagers, the more $MEMEBET tokens they can win through airdrops. In the long term, Memebet will allocate 20% of its total 2 billion token supply through airdrops and casino rewards. 

Memebet plans to introduce lootboxes, offering token holders opportunities to win exclusive prizes including NFTs, Argentina National Team memorabilia, and cash rewards. Currently priced at $0.0263 during the presale, interested investors can explore the Memebet Token whitepaper and join their Telegram channel for more detailed project information.

Pros pros

  • Offers play-to-earn Airdrop rewards
  • Wager multiple meme coins
  • Get rewards through lootboxes

Cons cons

  • Main platform features are yet to launch

6. Sponge V2 – High Profitable Meme Token With Over 20% Staking APY

  • Total supply: 150 Billion SpongeV2-most profitable cryptocurrency
  • Network: Ethereum
  • Token type: ERC-20

Sponge V2 builds on the success of Sponge V1, which returned 100x to early investors. During its peak in 2023, Sponge V1 had a market cap of $100 million, which V2 is now trying to surpass.

Why Is Sponge V2 Profitable?

Staking tokens can get investors over 20% annual percentage yield. The APY is likely to stay high as the team has dedicated 43% of the total token supply for staking rewards, according to the Sponge V2 whitepaper.

Sponge V2 lets anyone who holds V1 tokens upgrade to V2 by staking them. If you don’t have V1 tokens, visit the Sponge V2 site and purchase the tokens with ETH or USDT after you connect your Ethereum wallet. 

Another feature likely to benefit the token price is the release of its own P2E, which is considered to be one of the top play-to-earn games. This will give the token more utility and potentially make it the most profitable cryptocurrency in 2024.

Pros pros

  • Launch of P2E game for more utility
  • Renewal of a successful meme coin
  • High-staking APY that will stay over 40%

Cons cons

  • It has no utility at the moment

7. ShibaShootout  – Western-Themed Meme Coin That Can Be Profitable This Year

  • Total supply: 2.2 billion shiba-shootout-most profitable cryptocurrency
  • Network: Ethereum
  • Token type: ERC-20

ShibaShootout emerges as a standout choice for maximizing profitability in investments. Unlike many meme coins characterized by volatility, it sets itself apart with a robust foundation that emphasizes longevity and value.

Why Is ShibaShootout Profitable?

What truly sets ShibaShootout apart is its community-centric approach and a suite of unique features aimed at fostering engagement. These include the ‘Posse Rewards’ referral program, community voting mechanisms, lotteries, and staking options for more than 700% APY, all contributing to a lively and participatory ecosystem.

With an ambitious roadmap delineating future initiatives, including ongoing presale opportunities for early backers, ShibaShootout presents a compelling prospect for investors. Interested parties can engage in the presale process by adhering to guidelines available on the official platform. Currently, the project has raised more than $1.2 million, and more than 43 million tokens are staked.

ShibaShootout promises profitability and offers an avenue for sustained growth and involvement in the evolving landscape of cryptocurrencies. ShibaShootout stands out as a lucrative opportunity for investors seeking the most profitable cryptocurrency.

Pros pros

  • More than 4 million tokens staked
  • Presale raise set at more than $1.1 million
  • 35% of the supply allocated for the presale

Cons cons

  • Meme coin market volatility

8. Race to a Billion – Profitable Cryptocurrency With Over 3,500% Staking APY

  • Total supply: 2.5 billion race to a billion logo
  • Network: Ethereum
  • Token type: ERC-20

Race to a Billion is a new crypto project in a presale phase that aims to bring fun and rewards to meme racing fans worldwide. During the presale, a generous staking reward awaits early investors.

Why Is Race to a Billion Profitable?

Race to a Billion has raised more than $187,000 since the presale started. It now offers over 3,500% dynamic staking APY to early investors. This is designed to reward investors who buy the presale in its infancy and entice new investors to participate.

The project itself is innovative, rewarding accurate meme racing predictions. To participate in the prediction process, the user will need $RACE tokens, which are now available at a low price during the presale.

The team plans to expand to other sports markets in the later stages of the project’s development. This should give the token price a positive boost.

Pros pros

  • 3,513% staking APY
  • Low token price during the presale
  • Will reward accurate Formula 1 racing predictions

Cons cons

  • Staking rewards only available on the Ethereum blockchain

9. Bitcoin – Coin With the Potential to Become One of the Most Profitable Crypto

  • bitcoin-most profitable crypto Total supply: 19.7M
  • Network: Bitcoin
  • Token type: BRC-20

Bitcoin was the first digital asset to emerge in the crypto space. In fact, for its early investors, BTC has always been the most profitable cryptocurrency to invest in.

Why Is Bitcoin Profitable?

In the early days of Bitcoin’s launch, the concept of blockchain technology was largely unknown to most people, and mining Bitcoin was relatively easy.

However, Bitcoin’s value took a couple of years to climb to just $1 per token. Soon, it became clear that the coin was going to be extremely popular across the world. Its price skyrocketed to nearly $20k in 2017, and then to $68,000 in March 2024. As of November 2024, it trades around $69k. 

Some analysts even predict that Bitcoin will exceed $100,000 in roughly two years and beat the $1 million threshold somewhere around 2028.

Pros pros

  • 100% decentralized crypto
  • Self-custody cryptocurrency
  • Token holders retain a certain level of anonymity

Cons cons

  • Highly volatile compared to many other cryptos

10. Ethereum – Smart-Contracts Platform That Can Become The Most Profitable Crypto

  • Total supply: 120,337,372 ethereum-most profitable cryptocurrency
  • Network: Ethereum
  • Token type: ERC-20

Ethereum has been one of the most popular altcoins for a long time, and its market capitalization is now worth several billion dollars. Despite its established status, Ethereum’s prospects for an upside remain significant, potentially making it one of the most profitable cryptocurrencies.

Why Is Ethereum Profitable?

One reason Ethereum continues to be a big name in the crypto world is the sheer number of ERC-20 tokens it has spawned. These tokens are crypto-assets built on the Ethereum blockchain, which shows that Ethereum is still the preferred blockchain for creating new tokens.

Additionally, in 2014, Ethereum conducted an initial coin offering (ICO), selling its ETH token for just over $0.30. Since then, Ethereum’s value has soared, reaching an all-time high of nearly $5,000 in late 2021. Although not there yet, as of November 2024, Ethereum has regained some of its power and is trading at $2,500.

Ethereum switched to a proof-of-stake consensus mechanism, which is expected to cut transaction fees significantly and make it even more attractive to new projects. The proof-of-stake upgrade will also improve Ethereum’s scalability, allowing it to process up to 100,000 transactions per second, significantly improving the current limits.

Pros pros

  • Smart contract system
  • Transparent and secure transaction mechanism
  • Rapidly growing ecosystem

Cons cons

  • Regulatory challenges

Methodology

How We Analyze and Review Cryptocurrencies

1000+ Crypto Assets Reviewed

300+ Research Hours

14 Key Variables Evaluated

50+ Expert Opinions Examined

To ensure our readers receive unbiased, thorough, and reliable information, we conduct extensive research and analysis of a wide range of cryptocurrencies. We assess each crypto asset based on 14 distinct criteria, some of which include:

  • Market Potential: We evaluate the likelihood of future growth and the overall potential within the crypto market.
  • Liquidity and Trading Volume: We analyze the ease of buying and selling cryptocurrencies and their trading activity.
  • Community and Support: We examine the level of community engagement and the quality of support available to users.
  • Price History and Market Sentiment: We review historical price data and current market sentiment.
  • Security Measures and Past Breaches: We check for strong security protocols and any history of security breaches

By following this thorough approach, we provide comprehensive and reliable reviews tailored to the needs of crypto enthusiasts and investors alike.

Things to Consider When Looking for Profitable Crypto Coins

Finding a profitable crypto investment requires research, risk management, and staying informed about market trends.

Diversification

A crucial aspect of investing in cryptocurrencies is diversifying your portfolio. Investing in multiple assets helps spread the risk, mitigating potential losses due to a single coin’s poor performance. Instead of focusing solely on popular coins like Bitcoin or Ethereum, consider exploring emerging tokens for the next altcoin season and DeFi projects with strong fundamentals and growth potential.

Risk Tolerance

Understanding your risk tolerance is essential when investing in the volatile crypto market. Assess your financial goals, investment horizon, and risk appetite before making decisions. A conservative investor may prefer established coins, while a risk-tolerant investor might explore high-risk, high-reward opportunities in newer projects.

Use Trading Tools to Limit Losses

Tools like stop-loss orders and trailing stops can help protect your investments from significant losses. These tools allow you to set predetermined levels at which your assets will be sold, effectively reducing your exposure to market downturns.

Thorough Research

Before investing in any cryptocurrency, it’s vital to conduct thorough research. Examine the project’s whitepaper, development team, use cases, and market potential. Keep track of news, developments, and social media sentiment surrounding the project, as these can influence the coin’s value.

Long-term vs. Short-term Investment Strategy

Determine whether you’re interested in long-term holding or short-term trading. Long-term investors focus on projects with strong fundamentals and growth potential, whereas short-term traders capitalize on market volatility by buying and selling assets frequently.

Stay Updated on Market Trends

Stay informed about market trends and developments in the blockchain and cryptocurrency space. Understanding the latest technological advancements, regulatory changes, and industry news can help you make better-informed investment decisions.

What is the Best Time to Buy Crypto for the Highest Profit?

Finding the most profitable asset is just one part of the equation when buying and selling cryptocurrency for profit. It’s equally important to consider the timing of your investment, as this can significantly impact your potential gains.

Investors wondering how to trade cryptocurrency for profit can consider the following points to make a decision and try and maximize their profits in the next crypto bull run.

Presales

Participating in a presale is one way to get in on a cryptocurrency project early and potentially score a good deal. Many new projects offer presales to raise capital, and those who invest during this time may be able to buy the token at a lower price.

For instance, early Ethereum investors could purchase ETH for just $0.30 per token.

If you miss out on a presale, don’t worry. You can still enter the market early by purchasing the token as soon as it becomes available through some of the top ICO projects or exchange listings. This can be an excellent opportunity to get in on a promising project before it gains widespread attention and potentially experiences significant price increases. 

Market Scenario

Another good time to buy cryptocurrency is during a bear market. Even high-quality projects with solid fundamentals may experience significant price drops when the overall market is down. This can create an opportunity to build a portfolio of quality tokens at a discount.

Market corrections can also present a good buying opportunity when finding one of the most profitable cryptos. When a cryptocurrency experiences a temporary dip in price, it is an excellent time to buy in and benefit from the subsequent bullish trend. However, it’s essential to be careful not to invest more than you can afford to lose, as corrections can sometimes turn into prolonged bear markets.

Conclusion

Looking for the most profitable cryptocurrency in such a vast market is nearly impossible. However, with detailed research, a good strategy, and a heavy risk tolerance, investors can definitely gain more profit than anticipated.

In our opinion, Pepe Unchained takes the cake when it comes to profitability. This new meme coin is built on Ethereum’s efficient and fast Layer-2 blockchain. 

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Mensholong Lepcha
Crypto Specialist
Mensholong Lepcha
Crypto Specialist

Mensholong is a experienced crypto and blockchain journalist, now a full-time writer at Techopedia. He has contributed with news coverage and in-depth market analysis to Capital.com, StockTwits, XBO, and other publications. He began his writing career at Reuters in 2017, covering global equity markets. In his spare time, Mensholong enjoys watching soccer, finding new music, and buying BTC and ETH for his crypto portfolio.