The crypto market has had a great year in 2023, and there are many positive signs to suggest that 2024 could be an even stronger year. A lot of the potential positive developments revolve around Bitcoin (BTC), and as we know, what is good for crypto’s number one token, tends to be good for the whole market.
The Bitcoin halving event and Bitcoin ETF progress have already been touted as potential market drivers, but there is even more potential on the horizon. The dollar just hit a four-month low which always helps crypto prices, and Blockstream CEO Adam Back has predicted that Bitcoin could hit $100k next year.
With such great developments just around the corner, we thought it was the perfect time to compile a list of the 10 best cryptocurrencies to buy now. The list is as follows:
- Sponge V2 ($SPONGE)
- Bitcoin Minetrix (BTCMTX)
- Meme Kombat ($MK)
- Wall Street Memes (WSM)
- Launchpad XYZ (LPX)
- yPredict (YPRED)
- TG.Casino ($TGC)
- Shiba Inu (SHIB)
- Avalanche (AVAX)
So, what are we waiting for, let’s dive into these projects and see why they are the hottest crypto to invest in 2024.
Sponge V2- One of the best meme coins of last year is back to dominate 2024
What better way to kick off our 10 best cryptocurrencies to buy now list than with the second version of a meme coin that was a huge success in 2023? Sponge V2 ($SPONGEV2) is the re-imagined version of Sponge Token ($SPONGE) which came from nowhere to be one of the success stories of 2024.
Meme coins were the success stories of 2023 so to stand out from the crowd is a notable achievement. What should also be taken into consideration is that the original $SPONGE was launched in challenging circumstances. With little or no publicity it was at first only available via Uniswap and had the unlucky timing of launching during bearish conditions.
Despite this, the meme coin, which is based on Spongebob, one of the most memed shows on the internet, managed to succeed. It pumped by 340% after its launch which saw it gain a social media following of over 30k and 9 more exchanges picking up the token. That has paved the way for its relaunch.
The method that the project is using to launch Sponge V2 is a stake-to-bridge system. This is a clever way to ensure the integrity of the coin before it even becomes available. Investors will first need to purchase version 1 $SPONGE, but when they do, an equivalent amount of version 2 $SPONGV2 will also be purchased. Once version 1 sells out, version 2 launches, and investors then receive staking rewards from their locked V1 tokens over 4 years.
Bitcoin Minetrix- Finally, a solution to the Bitcoin mining problem that could change the industry
If you are making a list of the 10 best cryptocurrencies to buy now, it will have to include a project that may solve a major network issue for the market’s largest project. The mining of Bitcoin has been a very controversial topic as of late but Bitcoin Minetrix has the solution.
The problem the mining sector faces is it has become elitist and has left crypto’s very ethos of decentralization far in the rearview mirror. Data centers that use a small town’s worth of energy now mine Bitcoin, and individual investors who wish to partake have been forced out by massive expenses.
Cloud mining was initially put forth as the solution to this issue. It involves an individual entering into a cash contract with these big companies that mine Bitcoin, and they receive mining time. The problem is these big companies are now charging massive deposits and also demanding a share of the spoils. That’s not even the worst of it, as the sector is full of scammers that rip these individuals off.
The solution that Bitcoin Minetrix has put forward is stake-to-mine. The staking allows investors control once again. They can exchange their staked tokens for mining credits. These credits, in turn, can be used for mining time or a share of the yields. The key is that the investor is always in control. It is a cheaper and greener way to mine too, so it will be one of the hottest cryptos to invest in next year.
Meme Kombat- Our choice for the best P2E game to invest in for next year
Readers may have noticed that it hasn’t exactly been a strong year for P2E games. Meme coins stole the spotlight from other sectors of the market but even considering that the sector is crying out for a new hit game. We think Meme Kombat ($MK) could be that game.
The project has pumped in as many different forms of entertainment as possible and we think players’ pulses will be racing throughout. It has also taken a clever path by taking inspiration from arguably the greatest combat game of all time: Mortal Kombat. We like it when blockchain games do this as it widens the potential customer base.
The game itself is also based around combat but the characters you will be battling with are some of the biggest memes from the last 10 years. The quality of the game is excellent as well, AI technology helps take it to another level we have seen from other blockchain games.
Now to the best part, players can actually win prizes and $MK by wagering on battles. AI helps decide outcomes, and each meme has its own special attributes making the perfect recipe for entertainment. You can bet against the computer, other players, or even side bet on some fight events. It is clearly one of the best cryptocurrencies to buy now.
Wall Street Memes- Looks like it will finally deliver on its potential in 2024
Wall Street Memes (WSM) looks like it could finally be able to deliver on its massive potential next year and be one of the hottest crypto to invest in 2024. The WSM presale raised over $25 million and broke all kinds of records that had a lot of investors thinking it could be the new big meme coin.
Things didn’t go to plan initially but now things are looking up. The Wall Street Memes casino, which recently launched, has over 80,000 players and the Wall Street Memes online brand continues to grow. Considering its huge following, we cannot rule out a massive year for the meme coin.
yPredict- This signals platform is going to have the top 1% of AI developers help investors get rich
There are some very impressive numbers going on behind the scenes at yPredict (YPRED) that make it one of the best cryptocurrencies to buy now. The site will have incentives that will lure the top 1% of AI developers to share their trading algorithms and strategies with investors.
All investors have to do is purchase YPRED to get access to this goldmine of information. If they wish to go further and get exact strategies, they can purchase subscriptions from their favorite developers. With over 20,000 users already on the waiting list, yPredict could be huge.
Launchpad XYZ- Ambitious plans to onboard the next generation of users to Web 3.0
Web 3.0 technology is a foundational layer of crypto, but it is a new and ever-changing technology. Launchpad XYZ (LPX) has ambitious plans to onboard the next 10 million users onto Web 3.0. Even if they meet a conservative expectation of this goal, it would equate to a very successful project.
Once onboarded, the project will have everything you could possibly need to know about Web 3.0. From the best projects to invest into the best Web 3.0 games to play, they have it all. If you want proof, their Telegram group has already made investors some big gains, as you can see on the site.
TG.Casino- A massive partnership makes this one of the hottest cryptos to invest in 2024
The crypto casino market has exploded in recent years in the wake of online gambling becoming legalized state-by-state in the United States. This increased popularity means more market competition which is great news for investors and players, as crypto casinos need to offer more to stand out. TG.Casino ($TGC) does just that.
A very impressive partnership and a commitment to both rewarding investors and players make this one of the best cryptocurrencies to buy now. The partnership we mentioned is with one of the biggest messaging platforms in the world. TG.Casino is going to be a Telegram Casino.
The main benefit of this is obvious. Telegram is one of the biggest messaging apps in the world, and the fact it will host the casino means that it immediately has a potential customer base of millions. They also get all the strengths that Telegram is known for, such as their bots and excellent security and privacy features.
If readers aren’t sold on that, we also have TG.Casino’s commitment to their investors and players. Every day a share of the casino profits will be used to purchase open market $TGC. 40% of this will be burnt, which creates scarcity, and thus, the token becomes more valuable. The other 60% will be used to sustain the ecosystem, this will involve staking rewards and bonuses for casino players.
Shiba Inu- As billionaire investor story trends SHIB may be set for more big gains
The story of how a Shiba Inu (SHIB) investor turned $8,000 into $5.7 billion is trending online once again. Normally, when stories like this trend it can be a reflection of market sentiment. Shiba Inu (SHIB) is up over 13% over the last 30 days but that could be only the start as big gains could be around the corner.
Shiba Inu has had an up-and-down year despite some significant ecosystem developments. The launch of its very own Layer-2 network, the first of its kind for a meme coin, took place earlier this year. It looks like the market is finally reacting to this development which should lead to profits in 2024.
Avalanche- Looks like its recent good performance will continue into 2024
The last two coins on this list are two of the best-performing altcoins over the last month that we think will continue their good form into 2024. avalanche (AVAX) has seen over 90% growth in the last 30 days and there are indicators this will continue into next year.
As of December 3rd, over 66% of AVAX holders had profited from the ecosystem. Given the rise in popularity of proof-of-stake tokens this year, coins like Avalanche stand to profit even more from the coming year.
Cardano- The altcoin Bitcoin investors are turning too
Cardano (ADA0 is the other altcoin that is performing great at the moment. It is up over 55% and is thriving at a time when Bitcoin is overbought. Normally when crypto’s main currency is overbought investors will cash out and invest in promising altcoins like Cardano.
According to statistics, On Dec. 9, the total value locked in Cardano’s decentralized applications reached a record high of 765.22 million ADA. Its market cap is also pushing the $1 billion mark. Both of these indicate that even better days are on the horizon for ADA.
Best Cryptocurrencies to Buy Now in 2024 FAQ
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Conclusion
So there you have our list of the 10 best cryptocurrencies to buy now. It is a healthy mix of new and established projects. However, for the most gains, we would suggest investing in Bitcoin ETF Token, Bitcoin Minetrix, Meme Kombat, and TG.Casino. These all have the potential to be the hottest crypto to invest in 2024.
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