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Best Crypto to Buy Now – Top 10+ List

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best-crypto-to-buy

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Traders and investors constantly seek out the next big thing: the best cryptocurrency to buy of 2024 for a short-term trade or an under-the-radar project that could return a high ROI in the next 5-10 years.

In this guide, we rank and review our picks for the best cryptocurrency to invest in 2024 wise, including upcoming pre-ICO cryptocurrencies still early in their roadmap, alongside some more established projects already listed on exchanges.

Best Cryptocurrency to Invest In 2024

Below are over a dozen high-potential options from our market research into the best crypto to buy now:

  1. Pepe Unchained – Popular Pepe-Themed Memecoin With High Growth Potential
  2. The Meme Games – Best Olympic-Themed Crypto to Buy
  3. PlayDoge – Best Crypto to Buy Right Now for Massive Potential Profits
  4. WienerAI – Popular Meme Coin Presale With a Pro-AI Concept
  5. Shiba Shootout – Trending Dog-themed Meme Coin with a P2E model
  6. Base Dawgz – Multi-chain Token with an Adventurous Tone
  7. Mega Dice – Best Gambling Crypto to Buy in 2024
  8. 99Bitcoins – Crypto Powering a Learn-to-Earn Platform
  9. SEI – A DEX-Powering Crypto
  10. Manta Network – A Modular Web3 Ecosystem
  11. Ethereum – The Most Popular Blockchain for Building dApps
  12. SushiSwap – AMM-Based Decentralized Exchange for Crypto Trading
  13. Compound – Decentralized Liquidity Pool to Lend and Borrow Cryptocurrencies
  14. Bitcoin – The Largest Cryptocurrency by Market Cap
  15. Uniswap – The Largest Decentralized Exchange Crypto by Market Cap
  16. Sandbox – Best Metaverse Crypto and NFT Gaming Platform
  17. Maker – Smart Contract Enabled Defi Landing Platform

Best Cryptocurrency to Buy 2024 – Full List

In this section, we review each cryptocurrency project included in our list of the best cryptocurrencies to invest in and why we selected them:

Pepe Unchained – Popular Pepe-Themed Memecoin With High Growth Potential

Pepe may be a name that comes to mind every time one thinks of memecoins. Well, Pepe Unchained, a brand new memeproject, is being launched in the space as a better, enhanced version of the original Pepe project. Conceived as a rebellious counterpart to its predecessor, Pepe Unchained spins a narrative where its iconic mascot, Pepe, breaks free from the chains of outdated technology.

Initially shackled to a clunky Layer 1 server room, Pepe devises a “giga brain plan” to launch its own chain — a Layer 2 Solution atop the Ethereum Network.

Pepe Unchained

This evolution positions Pepe Unchained not just as another meme token, but as a pioneering force. By leveraging Layer 2 technology, it enhances transaction efficiency, offering investors faster speeds and lower costs compared to traditional blockchain transactions. This innovation marks Pepe Unchained as the world’s first Pepe token with its own dedicated chain, promising improved functionality while retaining the popularity that made the original Pepe project a cultural phenomenon.

The project offers staking for its presale investors, which makes Pepe Unchained even more attractive as an investment option. With a clear roadmap laid out in three ambitious steps, Pepe Unchained humorously challenges the status quo, teasing whether it aims to coexist with or surpass its predecessor.

This tongue-in-cheek approach not only entertains but also strategically attracts attention, capitalizing on meme-driven tactics that have proven effective in engaging a broad audience. Currently in its presale phase, the project’s PEPU token, with all its use cases and potential, surely takes a spot on the best cryptos to buy now list.

Buy Pepe Unchained

The Meme Games – Best Olympic-Themed Crypto to Buy

The Meme Games is a distinctive meme coin project that introduces the first Olympic meme coin. It offers participants the opportunity to “light the torch” with their favorite meme characters. Following this, the 169m sprint begins, featuring a 25% bonus for the winning presale investors. However, losers can participate in the presale multiple times and compete with different athletes for a win.

The Meme Games - Best Crypto to Buy

Running parallel with Olympic events, The Meme Games’ presale concludes on September 8, 2024, with the token landing on a decentralized exchange on September 10. This project integrates unique gaming fundamentals that align with current trends, providing an engaging way for presale investors to boost their earnings.

Participants can choose from iconic meme characters like Pepe, Doge, Brett, Turbo, and dogwifhat, which can attract a wide range of investors. Additionally, the staking feature allows users to generate passive income.

Overall, The Meme Games presents a unique investment opportunity, launching at a time when the upcoming Olympic event has captured public interest. This strategic timing, combined with its iconic characters and the gamification of its presale, positions it as one of the best cryptos to buy this year.

Buy The Meme Games

PlayDoge – Best Crypto to Buy Right Now for Massive Potential Profits

Built on the Binance Smart Chain, the PlayDoge project has quickly grabbed the attention of the wider memecoin community. Launched as a mobile-based play-to-earn game, the project aims to transform the iconic Doge meme into a Tamagotchi-style virtual pet.

PlayDoge

There have been multiple Doge-themed games launched in recent months, but PlayDoge seems to be attempting to set a standard and potentially be recognized as the true Dogecoin-themed game. The concept of the game is fairly clear—one is expected to take care of their PlayDoge character in a 2D 8-bit world, just like one would look after their pet in the real world. They are expected to feed, train, and play with their Doges while guiding them through in-app mini-games.

The native token of the platform is PLAY, and it is set to govern the entire PlayDoge ecosystem. Investors can stake the token for rewards, while it is also the currency used to participate in games within the PlayDoge ecosystem.

Developers have plans to launch the game on Google and Apple app stores right after its presale is finished. The project has a total supply of 9.4 billion tokens and its contract code is already audited by SolidProof. The project has an exciting roadmap and has already made its way to multiple leading crypto-news publication websites in the past few days. There has been a surge in demand for its native token for all these reasons, too, leaving investors to flock in to stock up on PLAY tokens.

With a strong utility element and a scope for massive growth after its launch, the PlayDoge project is clearly an excellent buy to consider right now.

Buy PlayDoge

WienerAI – Popular Memecoin Presale With a Pro-AI Concept

While discussions around the potential disadvantages of AI are common, it’s important not to overlook the positives that the industry brings to the table. Enter the WienerAI project, introduced just a few weeks ago, aiming to gather a community within the meme coin space that appreciates the value AI could bring to the future.

WienerAI

WienerAI’s core appeal lies in its trading bot utility. Hosting star-studded AI features, WienerAI’s bot will serve as a trading partner to users, analyzing large amounts of market data at high speed to help investors detect high-potential trading opportunities in the volatile market.

That said, WienerAI’s lore is part dog, part sausage, and part AI. This distinctive meme coin combines humor, technology, utility, and community engagement through its dog, AI, and sausage-themed mascot. Born from a narrative set in 2132 around an accidental invention by “The Architect,” this ERC-20 token operates on the Ethereum blockchain, promoting seamless integration with various decentralized platforms.

The theme, though unusual, aims to portray the potential advantages of AI and how humans can peacefully coexist with AI in the future, contrary to the dystopian predictions. While the theme may seem bizarre, the crypto space has historically embraced such concepts, with similar projects achieving billion-dollar market caps.

With its trading bot utility, investors speculate that the project’s native token, WAI, could become a top gainer in the next couple of months after its official launch on exchanges. For investors seeking a trending meme coin with early-stage pumping potential, WAI could be a project not to miss.

Buy WienerAI

Shiba Shootout – Trending Dog-themed Meme Coin with a P2E Model

Shiba Shootout (SHIBASHOOT) is a new meme coin with multiple utility ideas. Inspired by the Wild West setting, Shiba Shootout has an intriguing novelty that features iconic characters like Marshal Shiba and Shiba Sharpshooters in a digital town, known as Shiba Gulch.

Shiba shootout

Marshal Shiba is the leader of the community, wearing a cowboy hat and a blockchain lasso. He rallies Shiba Sharpshooters to engage in challenges, share memes, and experience the excitement of the bustling digital settlement. With this engaging theme, Shiba Shootout is clearly revealing its focus to building a vibrant community-centric ecosystem.

When it comes to utility, the project has taken a dive into the P2E world through its high-stakes battle game. Set in the heart of the Wild West crypto frontier, this action-packed game offers a mixture of creativity, reward, wit, and a touch of cowboy charm. It will go live on Google Play Store and Apple Store in the next few days.

Another utility-focused attribute of Shiba Shootout that can probably enhance its long-term growth are Posse rewards, a referral program incentivizing token holders for inviting friends and families to join the ecosystem. Additionally, Shiba Shootout offers a staking facility where early buyers can lock their token to further compound their gains.

There is also a Lucky Lasso Lotteries system which offers exciting opportunity for community members to earn tantalizing crypto prizes. More so, token holders can vote on critical project decisions, mirroring the town hall meetings in the Wild West. Without a doubt, the combination of these utility ideas make Shiba Shootout one of the best crypto to watch closely this year.

Buy Shiba Shootout

Base Dawgz – Multi-chain Token with an Adventurous Tone

Base Dawgz is a standout meme token and one of the best cryptocurrencies to invest in this year, thanks to its multi-chain attribute. Developed on the Base blockchain, this multi-chain asset leverages Wormhole and Portal Bridge technology, enabling it to be stored on and transferred through Ethereum, Solana, Avalanche, and BNB Chain.

Buy Base Dawgz

As a community-centric token, Base Dawgz primarily rewards positive engagement through a gamified airdrop system. Participants can engage with the Base Dawgz ecosystem on Twitter or other social media platforms, create memes, post content, and accumulate points to earn rewards.

Another compelling reason it has secured a spot on our list of top cryptocurrencies to buy is its status as a foundational meme coin within the Base ecosystem. Tokens from the Base ecosystem currently boast a market capitalization exceeding $4 billion, with Base meme coins ranking among the top four. The doge-based imagery of a Shiba Inu adorned in base jumping gear, falling through the skies, further enhances its appeal.

These attributes are poised to boost its value once it hits cryptocurrency exchanges. For now, those interested can join the presale by visiting basedawgz.com.

Buy Base Dawgz

Mega Dice – Best Gambling Crypto to Buy in 2024

Mega Dice found its footing as the leading cryptocurrency gambling platform in 2023. However, in the year of halving, it has expanded its reach into the blockchain arena with the introduction of its utility crypto – $DICE.

Mega Dice

DICE is a multi-utility token that provides its holders with multiple benefits. The first among them is daily rewards based on the casino’s performance. This feature has been woven into staking, allowing users to share in the success of this gambling platform in the form of yields.

Other perks include access to limited edition NFTs that grant users special privileges and rewards. The token will also serve as a gaming currency at the Mega Dice casino, adding more dynamism to the gameplay.

The token’s introduction comes at an opportune time, as the recent performance of SCORP, another crypto native to a crypto gambling platform named Scorpion Casino, has demonstrated the upsides of investing in gaming projects.

SCORP’s presale concluded recently, and the token got listed on an exchange, where it went up by 300%. Mega Dice is already an established crypto gaming site with a wider selection of games and caters to a larger number of players, which means it is possible for $DICE to 10x or even 100x when it finally arrives.

Mega Dice is also the first-ever licensed Telegram casino app, and when it obtained its license, it was featured in major crypto publications such as CoinTelegraph.

Buy Mega Dice

99Bitcoins – Crypto Powering a Learn-to-Earn Platform

99Bitcoins has established its value within the blockchain arena as a crypto education platform. With the launch of its token, 99BTC, it has now evolved into the best cryptocurrency to buy this year.

Mega Dice

Offering a platform to share knowledge and learn about cryptocurrencies, this platform has been launched on the Ethereum blockchain. With it, users can engage with 99Bitcoins’ learning tools and earn crypto in return.

99BTC tokens are keys to accessing advanced training courses from the platform’s ecosystem, including exclusive training and webinars. Those who choose to become 99Bitcoins whales will have access to VIP community groups, gaining access to experts as well as crypto signals to make better trading decisions.

99Bitcoins has earned its renown by simplifying crypto knowledge. With the introduction of this new Web3-focused platform, it is now venturing into an L2E territory, giving users access to interactive learning modules, quizzes, certifications, and more.

The 99Bitcoins presale has been a success to date, raising over $400K. Interested parties can visit presale.99bitcoins.com to learn more about this project.

Buy 99Bitcoins

SEI – A DEX-Powering Crypto

Another cryptocurrency project that can be considered the best crypto to buy right now is SEI.

It is the first sector-specific layer 1 blockchain, which has been described as a way to provide decentralized exchanges a better advantage in the ecosystem.

Sei (SEI)

The platform has been designed as a way to make mass adoption of digital assets possible and has been implemented by multiple institutes, including Coinbase.

SEi has been described as the industry’s fastest blockchain that leverages Twin-Turbo consensus for execution. This is not a blockchain that’s based around other chains, which gives it more security.

Furthermore, the platform has been made open-source to allow developers to build their own applications. Additionally, the platform also focuses on providing perks like scalability and adaptability for new decentralized applications.

SEI was subject to multiple bull runs in 2023. Over the course of its lifetime, the token has gone up by more than 7000%. Current charts show that the platform will continue to grow, bringing more value to the ecosystem.

Buy SEI

Manta Network – A Modular Web3 Ecosystem

Manta Network is introducing a modular ecosystem to the Web3 place, allowing users to develop solidity-based applications easily. It has a unique and efficient technology stack that can be leveraged by most developers. Its modular approach has allowed it to have more speed than L1 and lesser gas fees than L2.

Manta Network (MANTA)

The platform is considered to be one of the first EVM-equivalent Zk application platforms with both scalability and security factors. The platform has been powered by four technological stacks, including Celestia, Polygon, OP Stack, and Polkadot.

The official whitepaper describes Manta Network as app agnostic, allowing the Manta Software Development Kit (SDK) to be accessible across multiple pools. Another core feature that has gotten the attention of multiple investors is the fact that it is a growing ecosystem featuring non-invasive compliance.

Manta Network’s performance on the price charts has been a bit volatile, and it has experienced a growth of only 28% throughout its lifetime till now. That said, the project is currently engaged in multiple partnerships, which will allow it to cast a wider net when it comes to use cases, priming it to achieve more growth in 2024.

Buy MANTA

Ethereum – The Most Popular Blockchain for Building dApps

Ethereum is one of the most well-established and profitable cryptocurrency projects in the DeFi market that is familiar to almost everyone who has ever traded cryptocurrencies. Russian- Canadian programmer Vitalik Buterin created it, and has become the second-largest crypto project with a market cap of $359.5 billion. 

Ethereum

Ethereum is a blockchain platform that can be used for creating decentralized applications; hence it’s the home to several other cryptocurrency projects. Ethereum was the first platform to use smart contracts, self-executing contracts representing the agreement between the buyer and the seller. Being launched on the Proof of Work mechanism, Ethereum is now moving to the Proof of Stake mechanism, which is more environmentally friendly than PoW. 

Ether is the native cryptocurrency of the Ethereum blockchain, which has the ticker ETH, the current value of which is almost equal to $2266. As one of the most popular cryptocurrencies in the world, ETH is supported by all the leading crypto exchanges and brokers in the industry. Additionally, holders can stake their ETH tokens to promote network security and get rewards.

ETH is considered by many to be the best cryptocurrency to buy that isn’t Bitcoin – i.e., the best altcoin.

Buy Ethereum

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

SushiSwap – AMM-Based Decentralized Exchange for Crypto Trading

Along with the development of decentralized apps, decentralized exchanges also emerged, which, similar to traditional exchanges, support buying and selling cryptocurrencies. Sushswap is one of such DEXs running on the Ethereum blockchain, and like many other decentralized exchanges, it uses the idea of collective liquidity pools. 

Sushiswap

Unlike traditional exchanges, which provide a third party to manage the transactions, on SushiSwap, the assets are locked in smart contracts – holders lock their cryptocurrencies into these pools, and buyers purchase them. This mechanism is called Automated Market Maker as everything is done through codes, and no central governing party is needed. 

The native token of Sushiswap is SUSHI, a governance token, meaning that everyone holding a SUSHI token can propose changes regarding the project’s operations and vote on the others’ proposals. 

SUSHI entered the market with a price of below $1. The prices increased drastically in less than a year, and Sushiswap hit an all-time high of $22 on March 13, 2021. SUSHI’s value started to fall, influenced by several reasons, including a large sale by one of its founders.

Now it’s undervalued, and many top traders consider SUSHI the best crypto for a mean reversion play.

Buy Sushiswap

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Compound – Decentralized Liquidity Pool to Lend and Borrow Cryptocurrencies

Compound is an Ethereum-based cryptocurrency project founded by entrepreneurs Robert Leshner and Geoffrey Hayes. The project seeks to create a traditional money market where users can lend funds and get rewards. In contrast, borrowers can take loans from the market and pay the interest rates. The platform now supports over 10 cryptocurrencies, including Ethereum, Dai, Tether, USD Coin, Wrapped Bitcoin, etc. 

Compound

Founded in 2017 as a startup, Compound raised $8.2 million in capital in 2018 from such popular companies as Andreessen Horowitz and Bain Capital Ventures. Another such experience the project had in 2019, raising almost $25 million from companies Like Coinbase and Paradigm Capital. 

Apart from borrowing and lending multiple cryptocurrencies, Compound has its own token COMP, which grants platform users any time they interact with the Compound network. COMP token has a maximum supply of 10 million tokens, and 67% are already in circulation. Compound has a market cap of more than $428 million, with which it’s included among the 100 largest cryptocurrencies.

Buy Compound

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Bitcoin – The Largest Cryptocurrency by Market Cap

Bitcoin is the first cryptocurrency ever built, funded in 2009 by an individual or group nicknamed Satoshi Nakamoto. Over the years, Bitcoin has generated colossal popularity and has become the largest cryptocurrency by its market cap. Another reason for this is that Bitcoin has a limited supply of coins – only 21 million BTC can be issued, and more than 19 million are already in circulation. 

Bitcoin Price

Bitcoin aims to create a decentralized payment system where everybody can make transactions worldwide while remaining anonymous. The cryptocurrency uses blockchain technology based on the Proof of Work protocol, and to become a Bitcoin miner, you need to have sophisticated hardware and provide massive electricity power to generate a new block. 

One of the reasons to invest in Bitcoin is that it can be considered the most well-established crypto project in the industry. Additionally, several big companies already support BTC, and you can buy goods or services from them in Bitcoins. The following reason is Bitcoin’s low supply which will influence its price positively if the demand for BTC rises. Still, if you can’t afford to buy 1 BTC, you can purchase a fraction by paying as little as $50.

For many, Bitcoin is the best cryptocurrency to buy to solidify a portfolio. Many altcoins have died over the years and trended towards zero – Bitcoin has always hit new highs.

Buy Bitcoin

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Uniswap – The Largest Decentralized Exchange Crypto by Market Cap

Uniswap is another Ethereum-based project that seeks to build a decentralized exchange by collecting liquidity pools. The platform has two member groups – liquidity providers and traders. The first group members lock their assets in intelligent contracts through which later traders can buy and sell assets. 

Uniswap

Buyers and sellers pay transaction fees for conducting trades on Uniswap, later used to distribute UNI tokens to the liquidity providers. In this way, no third party is governing the whale process. Though there are multiple DEX projects in the industry, Uniswap has already garnered much attention and is the largest DEX project by its market cap. 

Uniswap is among the first DEXs built to provide automated liquidity. It was founded in 2018 by Hayden Adams, and in 2020 the project airdropped 400 tokens to the community who had done any transaction on the platform before September 2020. Apart from being used to pay for transaction fees and granting liquidity providers, Uniswap also powers its holders with governing rights meaning that they can vote on changes concerning the project.

Buy Uniswap

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Sandbox – Best Metaverse Crypto and NFT Gaming Platform

Sandbox is one of the most popular Metaverse projects. It provides a gaming platform where users can create their own avatars as NFTs, develop them, and sell them in the Sandbox Marketplace to generate rewards. The gaming platform is highly functional: avatar owners not only hold them but they buy weapons, clothes, and accessories for them. 

Sandbox

They can also own a piece of LAND within the platform. Later they can upgrade their LAND with more items, host events and take entrance fees, or give others for rent. The Sandbox project created the SAND token to power its network, both a utility and a governance token. SAND is used to pay for transaction fees, generate rewards, stake, and vote on the changes. The SAND token has a market capitalization of almost $975 million and is among the 50 largest cryptocurrencies by market cap.

Buy Sandbox

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Maker – Smart Contract Enabled Defi Landing Platform

The Maker project is one of the earliest Defi projects, founded in 2015 by Danis entrepreneur Rune Christensen. The project consists of the Maker DAO and Maker protocol. The first is a decentralized organization built to operate the Maker protocol designed to allow people to issue DAI coins. DAI is a USD-pegged stablecoin meaning that its value is always kept equal to the US dollar, irrespective of any changes in the market. 

Maker

Maker DAO is powered by the MKR cryptocurrency, a governance token, and anyone holding it possesses some ownership over the Maker DAO ecosystem. It means that MKR holders can participate in the project’s development and vote on its proposals. MKR is valued at $1650 when writing and raises a market cap of $1.6 billion with its current circulating supply. The maximum supply of the cryptocurrency is 1,005,577 MKR coins, and more than 91% are already in circulation.

Buy Maker

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

How We Reviewed the Best Cryptocurrencies to Buy

In the last decade, cryptocurrencies have entered our lives, creating a decentralized infrastructure that allows a peer to peer communication without the need for intermediaries. As the cryptocurrency market continues to evolve and grow, investors are always searching for the best crypto to buy now.  

The cryptocurrency market is huge, however, with thousands of crypto projects created for different purposes. The versatility of the industry makes it quite challenging to find profitable cryptocurrencies. Along with innovative projects, some digital currencies created only on hype are risky and can crash after prices soar for a particular period.

But how to know which are the best cryptocurrencies to invest in? Here is a combination of factors that we take into account when we review digital currencies:

Security

Cryptocurrencies are usually based on blockchain technology which is entirely secure due to their decentralized nature. However, there have been cases when blockchains are hacked, so they are not entirely safe, and you need to learn about the technology it is based on if you will make a significant investment in it. However, you can rely on experts’ opinions if you don’t have too much time to review blockchains. 

Potential growth

To know a crypto asset’s potential for future gains, you must analyze all the programs the team behind the cryptocurrency project plans to implement. Additionally, you should explore what ecosystem the coin supports and whether it has generated good popularity. Apart from it, you need to explore its price performance in the market. In short, you need to conduct a market and fundamental analysis of the cryptocurrency to understand if it has the potential to grow in the future. 

Use Cases

Utility is another metric you can pay attention to when selecting the best cryptocurrency. If the coin has versatile use cases, it will be purchased for different purposes, and there can be high demand for that crypto asset. 

For example, Bitcoin is digital money several companies have already adopted as a payment method. ETH is used for paying gad fees within the Ethereum blockchain but has other use cases too. Sand is a governance token to pay transaction fees and trade in the Sandbox Marketplace. When you invest in a crypto asset that can be used on versatile platforms other than simply being a tradable asset, you can at least do another thing with it if you don’t profit.

Is it the Right Time to Invest in Digital Assets?

Whether or not it is the right time to invest in cryptocurrencies depends on your budget and trading preferences. The cryptocurrency market is hugely volatile now, promising high rewards but also somewhat risky. The reason is that any single authority or government does not regulate it and instead uses a decentralized blockchain platform. 

Due to this, crypto prices are mainly associated with the supply and demand law. So, when there is a high demand in the market and the coin has a low supply, its value increases. In contrast, if it has a vast supply and low demand, the prices decrease. Bitcoin, for instance, has a maximum supply of 20 million coins. When all the coins are issued, their value will be affected positively if there is an increasing demand for this digital asset.

Handling the volatility problem is extremely difficult when it comes to cryptocurrencies; hence you need to be very careful with your capital and only invest in the projects that have the potential to grow and increase their value.

Many cryptocurrencies we reviewed in our guide are currently traded at low prices. These tokens are issued to power quite promising Defi projects, and if they succeed in attracting mass attention, they can become well-established Defi products in the future. All the projects have room for growth in the future, so you can consider buying some of them in low amounts to diversify your portfolio. 

Other projects like Bitcoin or Ethereum can be bought in fractions, meaning you don’t need to buy a whole BTC but a fraction. These coins seem not so profitable when you invest in small amounts; however, they have several use cases and can become the future of digital money. Hence, it’s worth having some capital in BTCs or ETHs.

Best Platform from Which to Buy Cryptocurrencies

The simplest and most affordable way to buy cryptocurrencies is to find a crypto exchange or a brokerage platform that supports what you’ve identified as the best crypto to buy now. Searching for a crypto broker, you will come across many options, and deciding which one can be difficult. We have already explored the market to offer you the best platforms to buy cryptos in 2024. 

eToro is a crypto trading platform that supports trading in more than 100 countries and has listed 75+ of the best crypto tokens. It’s one of the most reputable names in the industry due to its exceptional user experience, fast and easy to operate platform, and robust security features. With eToro, you can trade many assets and cryptocurrencies, including ETFs, and stocks. 

One of the best features of this broker is its social trading platform, which is why several beginners choose it. The platform allows you to follow the news, have conversations with other traders, ask questions, participate in discussions, and, what is most excellent, mirror the trades of professionals with just a click of a button. 

Another appealing thing about eToro is its pricing structure – the only trading fee charged by the broker is spreads which are competitive in the market. The non-trading fees include a flat withdrawal fee of $5, which is the same regardless of your chosen payment method. There are no account or deposit fees; neither must you pay for using its social platform and tools. 

Binance is the largest cryptocurrency exchange by trading volume and has listed 600+ coins alongside an NFT marketplace. OKX and Bybit are popular options supporting spot and margin trading.

Now that you are familiar with the best cryptocurrencies and have learned what purposes each of them is built for, you may be curious about investing in them or trading them. To trade or invest in cryptocurrencies, you will need an excellent cryptocurrency exchange or an online broker that supports the coins you want to buy and supports trading in your country. 

In this part, we will guide you on how to invest and where to trade the best cryptos in 2024. 

How to Buy the Best Crypto Coins Step by Step

If you want to invest in cryptocurrencies and still don’t know how to start, we have introduced a step-by-step guide on how to do it. We will explain the process with one of the leading brokerage platforms- eToro, which supports most of the coins we included in our recommendation list. eToro is an excellent choice for beginners – it’s safe, functional, and quick to operate. 

Register for an Account

To begin with, visit eToro’s website, and on the first page, click on the green button that says “Start Investing.” Once you click it, the eToro’s registration window will spring up, where you initially need to create a username and password and provide your email for verification. 

Next, you must complete the registration process by clicking the corresponding button next to your avatar. Here you will be asked some questions about your identity, including name, surname, address, gender, date of birth, etc. eToro will also ask you to fill in some details about your capital and investment goals

Step 1. Register for an Account with eToro and Verify It

Verify Your Account

Moving forward, you need to verify your account. If you have already verified your email and phone, you simply have two verification levels: ID and address. For the first one, you can provide your ID or passport copy; the second can be verified through a bank document or utility bill.

Deposit Funds

Once your account is verified, you must charge it with some money to buy coins. Multiple payment options are supported by eToro, including credit and debit cards, wire and bank transfers, and e-wallets (Neteller, PayPal, and Skrill). Whatever payment method you use, you don’t need to pay a deposit fee, and a conversion fee is charged if you are making a non-USD contract. 

Step 2. Deposit Funds

Of note, we should add that using bank card options; you can charge your account in two-three hours, while wire transfer takes the longest time. After selecting how you will make a deposit, provide your card or e-wallet details and fill in how much money you want to send. The wire transfer method’s steps are thoroughly explained on eToro’s platform. 

Select the Crypto and Make a Purchase

When your account is prepared for making the purchase, type your selected cryptos name in the search box and click on the first result. To make a transaction, click the “Trade” button, and in the “Buy” window, write the amount you want to purchase. Once your transaction is completed, you will immediately see the number of coins on your exchange account. 

Step 3. Buy Crypto with eToro

Where to Trade Crypto Coins?

Cryptocurrency trading differs from long-term investments in some crucial factors. First and foremost, trading involves creating frequent buy and sell orders, especially when you have chosen a scalping strategy. You must pay a trading fee to your broker whenever you open or close your position. Plus, it should operate quickly so that you can conduct trades corresponding to market changes. 

To meet these requirements, you should find a suitable cryptocurrency exchange that will support multiple coins, offer a competitive pricing structure, and guarantee the safety of your funds. eToro may not have as many technical indicators for TA, but it does offer copy trading to replicate the buys and sells of a professional investor.

Regarding derivatives, i.e., margin trading – the use of leverage – that is not currently supported at eToro. For traders looking to make use of that, we recommend OKX.

Check out our guide to discover the various sectors in the crypto industry.

Conclusion

Cryptocurrencies have been around for less than two decades, meaning they are not yet so well-established to be completely reliable. Plus, they stand out with high volatility, and the risk of losing your capital can be high.

Besides being too risky, cryptocurrencies promise high returns if you invest in them reasonably. While analyzing whether it’s the right time to buy cryptos, you need to consider multiple factors, including general ones like the global economy, political situation, etc. You need to do a fundamental market analysis to manage your trades and bring your investments to a more advanced level.

Another crucial thing to consider in selecting a good brokerage platform that will meet your requirements. A good crypto platform provides a better trading experience and more profitable investments and keeps your funds and data safe. Our top recommendation is eToro.

In this guide, we already listed some of the best cryptos to invest in for 2024, so you can pick your favorite ones and open an account to start trading. Our pick for the best crypto to buy now is Pepe Unchained.

Buy Pepe Unchained

FAQs on the Best Cryptocurrency to Buy 2024

What is the best cryptocurrency to invest in this year?

Our selection for the best cryptocurrency to invest in this year is Pepe Unchained. It is the first meme coin with a layer-2 chain.

What is the market cap of the cryptocurrency market?

The global cryptocurrency market cap is equal to just over $2.5 trillion, according to coinmarketcap.com. Bitcoin has the largest market capitalization among thousands of cryptocurrencies ($1.3 trillion) and Ethereum follows Bitcoin with its $468 billion market cap.

Can cryptocurrencies replace fiat currencies?

There are no cases in the industry where cryptocurrencies have replaced fiat currencies. But cryptos have entered our daily lives significantly and Defi projects develop new projects seeking to bring upgrades in different industries to replace the centralized systems. For now, there is not any point to assume that cryptos can overtake fiat in the future. However, there are several companies that accept BTC or other coins as payment methods.

What is the best way to buy cryptocurrencies?

The best and fastest way to invest in cryptocurrencies is to find a cryptocurrency broker, sign up for an online account, and purchase coins. eToro is one of the best names in the industry that provides a cost-effective and safe investing experience.

What is the best crypto to buy now?

Before investing in any cryptocurrency, you should do your own research and make sure you can afford to put the capital in it even if its prices decrease. We recommend investing in such cryptos that seem to be promising - our pick for the best cryptos to buy right now is Pepe Unchained, which is currently on presale allowing early investors to purchase tokens at a discount.

What is the best cryptocurrency to buy this year as a long term hold?

The presale projects we reviewed above include some meme coins which tend to be better treated as a short term trade - debatably the best cryptocurrency to buy as a long term hold would just be Bitcoin. All altcoins tend to retrace as deep as 90 percent or more at some point in their history, whereas BTC has never corrected that much.