In this guide, we’ve put together a list of the best crypto coins to buy now. These have not only performed exemplarily well in the past, but their use cases are on a steady rise – giving them a promising future.
We will tell you why they are worth buying today after looking at how they have performed in the past and assessing their expected future price action. We will also look at the current utility and possibility of future adoption for both the coin and its underlying blockchain technology.
Here is a list of top cryptos to buy right now and everything else you need to know before investing in cryptocurrencies in 2024.
Best Crypto to Buy Now for 2024
Here is a list of best cryptocurrencies this year. We have also highlighted what makes them stand out.
- Bitcoin (BTC) – Overall Best Cryptocurrency to Buy in 2024
- Ethereum (ETH) – Large Cap Crypto to Buy at a Discounted Price
- Dogecoin (DOGE) – Best Meme Coin to Buy Today
- Apecoin (APE) – One of the Most Promising Meme Coins to Buy Today
- Binance Coin (BNB) – Best Crypto to Buy Now with an Impressive Use Case
- Decentraland (MANA) – Poplar Metaverse Token to Buy at the Current Dip
- Polygon (MATIC) – Layer 2 Network with a Hugely Promising Future
- Uniswap (UNI) – Best Decentralized Exchanges to Invest in Now
- Cosmos (ATOM) – Popular Interoperability Token with a Promising Future
- Litecoin (LTC) – One of the Most Reputable and Sustainable Bitcoin Alternatives
- Cardano (ADA) – Underpriced Smart Contract Network Worth Buying Today
- Ripple (XRP) – Best Crypto to Buy for Fast and Affordable Transfer
- Shiba Inu (SHIB) – Most Lucrative Meme Coin to Buy Now
- The Sandbox (SAND) – The Best Metaverse Investment Alternative
- Solana (SOL) – Fastest Growing Smart Contract Network to Invest in Today
- Chiliz (CHZ) – Sports and Entertainment Focused Crypto with a Promising Future
- Enjin Coin (ENJ) – NFT-Focused Cryptocurrency Worth Investing in Right Now
- Avalanche (AVAX) – Smart Contract Network with Some of the Fastest Transaction Processing Speeds
Cryptoassets are a highly volatile unregulated investment product.
Below, we will discuss these virtual assets in detail. We will look at how they have performed in the past, tell you why they are worth buying in 2024, and everything else you need to know about the best crypto to buy right now.
Read more: How To Buy Crypto Safely With Low Fees
How We Ranked the Best Cryptocurrencies to Buy in 2024
Today, there are 25,800+ cryptos listed on different crypto exchanges and trading platforms. This makes finding the best cryptocurrency to invest in somewhat complicated – for both beginner and intermediate investors. To help you get started, though, we let you in on the five pro tips that we used to find and rank the top cryptos to buy right now.
Past price action
When analyzing a cryptocurrency’s price history, you will want to take a keen interest in its price performance and volatility. Price performance gives you a rough estimate of how high or low a coin can rally or dip. Volatility, on the other hand, shows you how often and how turbulently a coin rallies or dips.
Return on investment
It is important that you only invest in cryptocurrencies with a significant upward price potential. To determine a coin’s profit potential, consider investor analysis of its price and network direction, its tokenomics, and market demand.
A coin’s utility is among the many other factors that determine its demand and, by extension, its price. This explains why cryptos with widespread use cases – like Bitcoin and Ethereum – have been on a sustained uptrend. Therefore, we only sought out cryptos whose utility is expected to continue rising – both in the short term and over the longer term.
Such factors as a coin’s maximum and total token supply, as well as its circulating supply and distribution, also play a key role in determining whether crypto is a wise investment. We encourage our readers to avoid cryptos with a bloated maximum supply, especially if these coins are concentrated in the hands of a few individuals, or there are no clear plans of burning excess crypto supply.
The best crypto to invest in should also be backed by a sustainable blockchain network. One of the greatest indicators of a coin/network’s sustainability is its ability to solve an existing real-world problem. BTC, for instance, seeks to address the many problems plaguing traditional payment systems, including transfer costs, trust, and inflation. But your preferred crypto should also have a solid roadmap and the backing of the crypto community.
A Closer Look at the Best Cryptocurrencies to Invest in 2024
What is the best cryptocurrency to invest in? Below, we will discuss the best cryptos to buy now in detail. We will tell what cryptocurrency is, talk about its use cases and sustainability, examine its past price action, and take a closer look at its expected future price action. We will also provide you with an insight into how it has performed in the past to help you decide if it is worth buying at the moment.
1. Bitcoin (BTC) – Overall Best Cryptocurrency to Buy in 2024
The overal crypto to buy in 2024 is Bitcoin. It is the largest and most valuable cryptocurrency. Bitcoin is also the most dominant virtual currency, arguably the most popular cryptocurrency, one of the most promising beginner cryptocurrencies, and the go-to investment for most crypto traders.
Bitcoin also ranks highly among the most profitable digital assets. Its price has been on a sustained overall uptrend – breaking parity with the dollar a decade ago and peaking above $68700 in 2021.
Some of the factors that have played the greatest role in driving up its upward price action include its growing use cases and mass acceptance by the crypto community. It also helps that it has a fixed maximum token supply, has proved its resilience, addresses multiple real-world problems facing the banking and finance industry, and is deemed sustainable.
Today, it is still not too late to buy Bitcoin as more investors and experts are confident Bitcoin price forecast will escape its current dip and rally to new highs. This explains why crypto tops the list of the best cryptocurrency to buy in 2024 for both individuals and institutional investors.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
2. Ethereum (ETH) – Large Cap Crypto to Buy at a Discounted Price
Next best crypto to consider in this list is Ethereum. ETH is an equally popular crypto asset and the second most dominant virtual currency. Close to seven years after its launch, the cryptocurrency has morphed into the largest smart contract ecosystem. It is also home to multiple crypto innovations – from DeFi, dApps, Metaverse, meme coins, and more. As more projects launch on the platform, the demand for ETH tokens has risen, which partly explains its stellar past price action and investor confidence in its future.
Like most other cryptos, ETH prices have been rather volatile. Nevertheless, ETH’s price has been on an overall uptrend, and it, too, ranks high among cryptos with the highest ROI. Moving forward, ETH prices are expected to continue rallying, with some optimists expressing confidence in ETH’s ability to dethrone Bitcoin as the most valuable crypto before the turn of the decade.
At the time of writing, ETH is trading more than 65% below its all-time high set in the last quarter of 2021. But the crypto community is confident the chief altcoin will rebound and rally to new highs during the next market rally. This, plus its proven resilience, rising use cases, and the many fundamentals changes taking place on the ETH network, make it one of the best cryptocurrencies to invest in right now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
3. Dogecoin (DOGE) – Best Meme Coin to Buy Today
Dogecoin is the most valuable and arguably the most popular meme currency. It is also the oldest ‘joke’ currency, launched in 2013 to poke fun at speculative coins like Bitcoin. It only shot to popularity in the periods leading to the early 2021 meme currency frenzy that saw. By the time it peaked in May 2021, its market cap had shot above $82 Billion. This made it one of the 10 most valuable cryptos in the industry – a position it continues to occupy to date.
Much of Dogecoin’s popularity and unprecedented value gain can be attributed to celebrated entrepreneur Elon Musk and its ever-growing support from the crypto community. These have consistently played a key role in driving speculation and, by extension, the price of DOGE token on an uptrend.
Thanks to its popularity, several ecommerce and main street businesses have embraced Dogecoin as a payment option. The number of individuals accepting DOGE as a payment method has also been on a steady rise.
This growing utility, the massive community support, and the backing of Elon Musk have the investors and analysts convinced DOGE price will continue rising. The meme coin’s proven resilience, upcoming crypto rally, and possible re-emergence of a meme currency are some of the factors that make Dogecoin one of the best cryptocurrencies to buy right now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
4. Apecoin (APE) – One of the Most Promising Meme Coins to Buy Today
Apecoin is a relatively new digital currency and the native token for the fast-expanding APE ecosystem. This comprises two massively [popular NFT projects – BAYC and MAYC, the Otherside Metaverse, DAO and marketplace. But the APE coin doesn’t just make it here because of its growing utility within and outside the APE Ecosystem. It also makes it here because of its hugely promising future.
Seeing that APE is at the center of both meme and metaverse projects, an eruption of either will catapult its value to unimaginable heights. Not forgetting that it is considered a meme coin, and a re-emergence of the meme frenzy would push it to record highs. We also recognize that having launched at the peak of a massive crypto meltdown in 2022, Apecoin – unlike most other coins in this list – is yet to reach its true peak price.
Investors and analysts are, therefore, confident that a hint of market recovery will trigger a price run for Apecoin. All these make Apecoin a top altcoin to buy right now.
5. Binance Coin (BNB) – Best Crypto to Buy Now with an Impressive Use Case
Binance Coin is the native token for the largest crypto exchange in the world – Binance – and the second-largest smart contract ecosystem – Binance Smart Chain. This then makes it one of the most recognizable digital assets – which implies that its utility has, over time, extended beyond the Binance ecosystem.
It also is one of the most valuable and best-performing digital assets with a near-permanent feature as the fourth most valuable crypto asset – behind BTC, ETH and the USDT stablecoin. Like the majority of large-cap cryptos, BNB has sustained an overall uptrend and features prominently among virtual assets with the highest ROI.
The majority of investors and analysts recognize that while Binance Coin faces off with the SEC in the US, its short-to-long term remains pretty solid. They feature it on multiple lists of the best crypto to buy during the current dip and expect it to spring into a run as soon as the market shows signs of recovery.
6. Decentraland (MANA) – Poplar Metaverse Token to Buy at the Current Dip
Decentraland is the oldest and one of the most popular metaverse projects. Plots on its virtual land have been acquired by renowned brands and individuals. These range from UPS, Samsung, JP Morgan Chase, Atari, and more. Their investments in virtual land have created a buzz around Decentraland and helped catapult the price of this metaverse’s native token, MANA, to unprecedented heights.
In addition to the virtual land investments, Decentraland is popular because of its NFT marketplace and the many play-to-earn games hosted there. These have earned it a massive followership on social media platforms, and this community’s interactions with the metaverse coin and news have helped keep the token prices on an overall uptrend.
Moving forward, Decentraland plans to inject more projects into the metaverse. We also expect more LAND NFT sales to more popular brands and individuals who bring visibility to the metaverse. These will increase MANA’s utility, which alongside a recovering crypto market, its proven resilience, and stellar past price action, are all expected to trigger a price run. These are some of the reasons why MANA may be the best crypto to invest in now.
7. Polygon (MATIC) – Layer 2 Network with a Hugely Promising Future
Polygon is the largest and most popular layer 2 scaling solution on the Ethereum network. It is specially designed to help Ethereum users increase transaction speeds and lower costs when interacting with the network. Over time, it has been adopted by multiple institutions, and individuals have relied on Polygon to build and deploy decentralized projects and apps on the Eth network.
Some of the brands that have used Polygon in the past include Meta, Stripe, The Walt Disney Company, Adobe, NFL, Adidas, DraftKings, and more. And even with Ethereum’s merge and shift to the Proof-of-Stake consensus mechanism, experts are confident that brands will continue leveraging Ethereum to deploy faster and more affordable projects on the smart contract network.
Moving forward, we expect Polygon to launch on other EVM-compatible networks. This will further fuel Polygon’s use cases, cementing its place in the future of crypto and triggering a price run for its MATIC tokens.
But we also feature Polygon’s MATIC among the best cryptocurrencies to invest in now because of its resilience, stellar past price action, and the fact that it is currently heavily discounted.
8. Uniswap (UNI) – Best Decentralized Exchanges to Invest in Now
Uniswap is by far the most popular and most used decentralized exchange in the world. At the time of writing, Uniswap had processed 152+ million crypto transactions worth more than $1.4 Trillion. The DEX has also been integrated into 300+ crypto projects where the UNI token is used to trade, swap, and earn.
Several factors informed our decision to feature Uniswap on our list of top cryptos to buy now. First was its popularity, as evidenced by integrations into third-party crypto projects as well as its ever-growing crypto community. Secondly, we list it here because we expect the onslaught on centralized exchanges by the likes of SEX in the US and countries like China to have more traders and investors turn to DEXs.
We also list it here because it has performed exemplarily well in the past – maintaining an overall uptrending price action. Not forgetting that we expect it to rebound from the current dip and rally to a new price record as soon as the crypto market starts recovering.
9. Cosmos (ATOM) – Popular Interoperability Token With a Promising Future
Cosmos promises to solve the biggest problem facing the crypto industry today – interoperability. Through its Interblockchain Communication protocol, Cosmos hopes to create an ecosystem of connected blockchains – allowing for communication and data sharing across different blockchain networks. It also hopes to spearhead the adoption of blockchain technology through the Cosmos SDK that virtually anyone can use to develop blockchain-focused apps.
Cosmos already has a decent use case in the crypto world – mainly used when trading and earning programmes. With the actualization of the interoperable blockchain, ATOM token’s use cases will rise severalfold, and with such enormous use cases comes an unprecedented upside rally.
But ATOM also makes it to our list of the best altcoins to buy now because it has already proved its resilience. Investors are, therefore, confident that it will resume an uptrend and possibly chart a path to a new all-time high as soon as the crypto market shows recovery signs.
10. Litecoin (LTC) – One of the Most Reputable and Sustainable Bitcoin Alternatives
Litecoin is Bitcoin’s oldest and most successful fork. Before December 2017, it was touted as the ultimate Bitcoin-killer, only to fall off the ten most valuable crypto list and LTC price to nosedive after Charlie Lee sold his LTC stake. Today, however, Litecoin is back on track and even hit an all-time high of $413 in May 2021. Charlie Lee is also back at the helm of the crypto project as the managing director of the Litecoin Foundation.
Litecoin is faster, and transfer fees cheaper than Bitcoin. Its adoption as a payment method by individuals and enterprises is expected to continue rising. Additionally, its rich roadmap and the visionary leadership of the Litecoin Foundation team continue to elicit a lot of optimism towards the altcoin.
We feature Litecoin among the top cryptos to buy right now because we expect it to sustain the current overall uptrending price action. It also makes it here because we expect it to set a new ATH during the next crypto market rally.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection
11. Cardano (ADA) – Underpriced Smart Contract Network Worth Buying Today
Cardano is one of the most stable smart contract platforms and one of Ethereum’s fiercest competitors. It is also one of the best-performing cryptos and has maintained a near-permanent position among the ten most valuable digital assets. Like most of the assets in this list of best cryptos to buy now, Cardano has maintained an overall up trending price action and proved its resilience by always rebounding after a market dip.
We, therefore, list it here because we expect it to escape the current dip and rally to new highs as soon as the market starts recovering. We also list it here because of the rich roadmap that not only guarantees its sustainability but also gives it a hugely promising future.
In late 2021, for example, Cardano embarked on an aggressive network expansion campaign with the integration of a smart contract feature. Throughout 2022, the proof-of-stake platform underwent further developments that put it on par with other EVM networks. These include support for stablecoins, metaverse, DeFi, and dApps.
However, noting that the crypto market remained bearish throughout 2022, Cardano is yet to price most of these developments. Analysts and investors have been quick to add ADA to their list of top altcoins to buy now in expectation of an unprecedented price jump as soon as the market starts recovering.
12. Ripple (XRP) – Best Crypto to Buy for Fast and Affordable Transfers
Ripple has one of the most disruptive real-world use cases. It seeks to revolutionize the global banking and finance industry by replacing the four-decade-old Swift technology as the preferred interbank messaging and cash transfer platform. However, its revolutionary capabilities have been on hold since December 2020 thanks to the ongoing SEC case in the US, which accuses Ripple of being a security.
This has had the impact of undermining the uptake of Ripple technology by banks and financial institutions globally. It has also seen XRP coins miss out on possible opportunities to rise and set a new all-time high price, especially the early 2021 market rally.
This, nevertheless, hasn’t dampened investors or the crypto community’s interest in the coin. These have helped stabilize Ripple token prices – effectively maintaining a position among the 10 most valuable cryptos.
The judgement on the XRP Vs SEC case is expected sometime in the next few months, and the crypto community is hugely optimistic about its outcome. We, therefore, list Ripple among the best crypto to buy now because a favorable judgement would catapult the XRP token price to never-seen-before heights.
13. Shiba Inu (SHIB) – Most Lucrative Meme Coin To Buy Now
Shiba Inu ranks highly among virtual assets with the highest return on investment. By the time it peaked at its current all-time high of $0.008845 in October 2021, some analysts argued that it was trading at more than 10 million percent of its introductory price. But this isn’t the only reason why we list Shiba Inu among the top cryptos to buy right now.
We also feature Shiba Inu in the top crypto to buy because the Shiba Inu developers have been busy enriching and popularizing the SHIB ecosystem. In 2022, for instance, they added the Shibarium metaverse, a decentralized exchange, and a few more meme coins. The joke currency is yet to price in any of these developments as they took place during the bearish crypto market period. Its crypto community – SHIB ARMY, investors and analysts are, therefore, confident that SHIB will break into a run as soon as the market hints at recovery.
Additionally, we believe Shiba Inu to be a good crypto worth buying right now because it has been actively burning excess SHIB tokens. A reduced supply against both the growing use cases and popularity is expected to have a net positive impact on SHIB’s token price.
Further, Shiba Inu makes this list because of its massive resilience and readiness to rebound. In January 2023, for instance, SHIB shot up by more than 40% during the Bitcoin-triggered false rally. We are, therefore, confident that Shiba Inu will shoot to new highs as soon as the market confirms recovery.
14. The Sandbox (SAND) – The Best Metaverse Investment Alternative
The Sandbox is one of the most popular and valuable metaverse projects. Four key factors informed our decision to feature it among the best cryptos to invest in 2024. First is the fact that the metaverse coin has maintained an overall uptrending price action.
It has performed exemplarily well in the past and proved its resilience by withstanding even the most volatile crypto dips. You may, therefore, expect it to post a swift rebound as soon as the current crypto winter dies down.
Secondly, the use cases for the SAND token have been on an uptrend – thanks to its growing ecosystem. On The Sandbox metaverse, you get to interact with its virtual real estate, play-to-earn games, NFTs, virtual events/festivals, and marketplace.
Its real estate has so far been acquired by world-renowned brands and individuals like Atari, Snoop Dogg, Adidas, Animoca Brands, Hell’s Kitchen and more. These have popularized the metaverse and increased use cases for the SAND tokens – in and out of the metaverse.
Further, we believe The Sandbox to be one of the best cryptos to buy right now because of its growing ecosystem and rich roadmap. Moving forward, we expect to see more brands acquire this virtual real estate. We also expect to see more play-to-earn games and other earning options. All these will serve to draw in more users to the metaverse, effectively increasing demand and possibly the price of SAND tokens.
15. Solana (SOL) – Fastest Growing Smart Contract Network to Invest in Today
Between 2020 and early 2022, Solana was the fastest-growing smart contract ecosystem. It was even seen as Ethereum’s most potent competition. This growth was reflected in its price seeing that by the time it peaked in November 2021, SOL was trading more than 118,000% above its ICO price. This made it one of the most lucrative virtual assets and one of the best cryptos to invest in.
A series of misfortunes throughout 2022, however, saw the once top 10 most valuable crypto slip and lose more than 95% of the peak price hit a few months earlier. First was user dissatisfaction with the network’s frequent downtimes.
The second was the crypto market crash. But its close association with Alameda Research – the trading arm of indicted FTX exchange founder – Sam Bankman-Fried dealt a devastating blow to the smart contract platform.
Why, then, do we list SOL among the best cryptos to buy in 2024 while it trades more than 90% below its ATH? First, Solana has proved its resilience and ability to rise above its tribulations – chief among them being the association with Sam Bankman-Fried.
It made this clear when it started gaining in late 2023 during the January false rally. This shows its readiness to rebound and rally to 2021 highs or possibly a new ATH as soon as the market starts rallying.
We also list Solana among the top cryptocurrencies to invest in right now because of the impressive optimism it continues to enjoy from investors and analysts alike. But even more importantly, it makes it here because the Solana ecosystem underwent multiple impressive developments throughout the bear market. These are yet to be priced in, and we are confident that they not only speak of Solana’s sustainability but will play a critical role in driving up its value during the next market rally.
16. Chiliz (CHZ) – Sports and Entertainment Focused Crypto With a Promising Future
Chiliz is a blockchain protocol that seeks to power sports and entertainment industries through fan tokens. It is home to the Socios.com platform, which different sports or entertainment clubs may use to generate crypto tokens for onward sale to fans and supporters. Today. Socios.com has been embraced by leading football clubs like Manchester City, Juventus FC Barcelona, Paris Saint-Germain and more.
Two key factors make Chiliz, the token powering this platform, one of the popular cryptos worth buying today. First is the fact that we expect Socios.com to onboard more teams moving forward. The increased use cases for CHZ and its growing popularity are expected to drive its demand and price. Secondly, CHZ – like all the other cryptocurrencies on this buy list – is trading at heavily discounted prices and will most likely rebound.
17. Enjin Coin (ENJ) – NFT-Focused Cryptocurrency Worth Investing in Right Now
Enjin Coin is one of the oldest and most popular NFT platforms in the crypto space. It makes it possible for virtually anyone to mint, trade, and distribute their crypto-integrated products. It gained popularity because it allows virtually anyone to create a virtual replica of a real-world product that they would then trade on Enjin’s NFT marketplace.
Over time, however, Enjin Coin has integrated more products into its growing ecosystem. These include blockchain-based games as well as a social interaction platform with chatting tools. We list CHZ among the top cryptos to buy right now in recognition of its growing ecosystem and the fact that CHZ is currently selling at a hugely discounted price. Not forgetting that the crypto market is primed for recovery.
18. Avalanche (AVAX) – Smart Contract Network With Some of the Fastest Transaction Processing Speeds
Avalanche is a layer-1 smart contract network and one of the supposed Ethereum killers. Like Solana, Cardano, and Polkadot, Avalanche hopes to unseat Ethereum as the most preferred and used smart contract platform by leveraging its faster transaction speeds and marginal costs. These have helped endear it to multiple DeFi and dApps developers who have grown its ecosystem exponentially.
With rising use cases came an increase in demand for AVAX tokens. Moving forward, as the Avalanche ecosystem introduces more products and developments, we expect increased utility which drives up AVAX token prices further up.
Other reasons why we believe Avalanche is worth buying in 2024 include its proven resilience which has investors and analysts convinced that AVAX will post a swift rebound. We also appreciate that even with the many developments the network made in 2022, it still is trading at a discounted price. We expect the altcoin to start pricing in these developments as soon as the market stabilizes.
How to Find the Best Cryptocurrency to Buy
After deciding to invest in cryptocurrencies, the next big step is vetting the thousands of coins available in the market. Note that this lot contains a few massively promising virtual assets and many others of little to no value. Below, we share a few tips that you can use to find a diamond in this rough.
Key Points on Finding the Best Cryptos to Buy in 2024:
Check the expected future price performance
Before buying a cryptocurrency, examine its expected future price action. This will, in most instances, be determined by its demand as well as the general market direction. Confirm that the coin’s use cases will continue rising, thereby sparking its demand which in turn pushes up its price.
Examine the adoption prospects
Only invest in coins with high prospects of adoption by both individuals and institutions. For starters, confirm whether any brand has expressed interest in embracing the altcoin as a payment method. You may also want to check whether individuals use it in interpersonal transactions.
Examine past price action
We acknowledge that a coin’s rosy price action in the past doesn’t always translate to an auspicious future. But it goes a long way in telling you how high the crypto’s price can reach and helps you identify assets that are trading at discounted prices.
Check acceptance within the crypto community
The best crypto to buy now should also have the backing of a community. Coins with a huge following, especially on social media, often have adoption prospects, and their demand is often high – which translates to lucrative long-term ROI.
Read More: 10+ Best Crypto Wallets in 2024
Types of Cryptocurrencies – Which is the Best Buy?
You may also consider investing in cryptocurrencies based on their type. Below, we introduce you to the most popular types of cryptos.
Stablecoins refer to digital assets whose value is pegged to the value of a real-world asset. In most instances, they have their value pegged to a popular international currency. The all-popular Tether stablecoin, for example, has its value pegged to the US Dollar.
Note that as their name suggests, the value of stablecoins is fixed (stable). Therefore, they cannot be considered investments. Rather, they are used by crypto investors as stores of value, especially during volatile markets.
Utility coins are cryptocurrencies that were specially designed to facilitate transactions within a blockchain network. The perfect example of a utility coin is ETH, which was designed to pay for gas fees within the Ethereum ecosystem.
Utility coins are often viewed as a great investment because their increased utility, both within and outside the blockchain network, almost always translates to high prices.
Meme coins are also referred to as joke currencies because they are mostly based on memes. They are typically based on internet memes and do not always have real-world utility. Good examples of meme coins are Dogecon and Shiba Inu, which are based on a meme featuring a Shiba Inu dog.
These are massively volatile and often derive value from crypto community hype. Most start off with no long-term goals and are, therefore, not sustainable. The recent past has, however, seen a few – like Shiba Inu – go on and establish thriving ecosystems.
DeFibcoins refer to digital currencies built around decentralized finance protocols. They are a form of utility tokens native to blockchain-based programs that offer financial services.
Governance coins refer to cryptocurrencies native to decentralized autonomous organizations. They are used to distribute control over a specific blockchain project among its community users. Each token gives its holder ownership and rights over this project. The token holders, therefore, get to vote on all the key factors affecting the blockchain-based institution, especially its future direction.
Staking coins refer to any cryptocurrency that gives you the right to validate transactions on a blockchain network. In most instances, you lock these assets in the blockchain network for a fixed period of time, and in return, they are awarded free extra coins.
Staking coins are often viewed as the best long-term crypto investments because of their double reward. In most instances, you don’t just get to earn extra crypto when staking. The value of your staked crypto will most likely have improved throughout the staking period.
Conclusion – What is the Best Crypto to Buy Now?
To conclude, this guide has taken an in-depth look at the best crypto to buy right now by focusing on a selection of crypto assets with high growth potential. These make it here because they have performed exemplarily well in the past and proved their resilience.
They also make it here because they have the backing of solid and sustainable blockchain networks, and their rising prospects of adoption give them a hugely promising future.
The best cryptos to buy right now on our list also make it here because they are easily accessible and investors can purchase them at virtually all the popular crypto exchanges.
Reviewed and Fact Checked by Kamal Masri, Fintech and Crypto Editor and Financial Analysts.
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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
FAQs About the Best Cryptocurrencies to Buy Right Now
What is the best cryptocurrency to buy right now?
Bitcoin remains our top pick for the best crypto to buy now. This decision is informed by the fact that it has performed exemplarily well in the past, is massively resilient and has a hugely promising future.
Which crypto will explode in 2024?
The volatile and unpredictable nature of the crypto market makes it impossible to tell which digital currency will explode in future. In the crypto investing guide above, however, we have listed several highly potent coins that are currently selling at discounted prices and which we believe will explode at the slightest hint of a market recovery.
Will the crypto market recover this year?
The many internal and external factors facing the crypto industry make it almost impossible for anyone to tell when the market will recover. There is a growing optimism within the crypto community that as Bitcoin’s early 2024 halving draws near, the market may start showing signs of recovery.
What is the best long-term cryptocurrency investment?
Cryptos with high adoption prospects, housed in growing blockchain ecosystems, and rising utility are all great examples of viable long-term crypto investments. In the above guide, we have included the likes of Bitcoin, Ethereum, Cosmos, Ripple, Solana, Cardano, and more coins that top the charts of great long-term investment cryptos.
What is the best short-term crypto investment?
Meme coins and other hype and speculation-driven coins like NFTs or Play -to-Earn affiliated coins, on the other hand, are the best crypto to invest in over the short term. Examples of these coins that we have featured in the guide above include Dogecoin, Shiba Inu, and ApeCoin.