Most Profitable Cryptocurrency to Invest in 2024

Cryptocurrencies are proving to be some of the most profitable cryptocurrencies in the last few years, despite the high volatility levels. With the ongoing market correction, investors may want to consider purchasing these assets right now in 2024.

This guide will review some of the most profitable cryptos to buy right now.

The Top 10 Most Profitable Cryptos: Reviewed

Getting a detailed overview of your preferred digital assets is important when trading cryptocurrency for profit. Therefore, the sections below conduct an in-depth analysis on 10 of the most profitable cryptos to invest in for 2024.

1. Tamadoge (TAMA) – Most Profitable Cryptocurrency to Buy Now

After going through the best cryptocurrency projects from our top 10 list, we recommend Tamadoge as the most profitable cryptocurrency to buy right now. Tamadoge is not only one of the best new coins on the market with huge potential for growth, but a play-to-earn (P2E) game that offers players the opportunity to earn in-game crypto rewards on its decentralized ecosystem.

At the center of this metaverse-based P2E platform is TAMA – the native token of Tamadoge. Platform members can use TAMA to purchase Tamadoge pets – virtual dog-like characters that can be created and bred in the ecosystem.

Each virtual avatar is minted as an NFT using smart contract functionality and can be bought from the Tama store. Players can use virtual items to compete for points on a monthly leaderboard, from which the top performers are rewarded with TAMA. The variety of use-cases and NFT interoperability make Tamaodge one of the best crypto games.

Tamadoge is currently available for presale having smashed through its beta hard cap targets of $2 million within 10 days. TAMA is trading at $0.0025 USDT and will end the presale at $0.03 per token. The presale will be looking to collect $19 million, with a minimum purchase amount of $10.

Hosting one of the best crypto presales in 2024 TAMA is also giving one lucky presale investor the chance to win $100,000 via a free crypto airdrop. Head over to the Tamadoge website to learn more about this exciting free crypto-earning competition.

Join the Tamadoge Telegram channel to stay updated with all the latest news and information related to this new crypto project.

2. Battle Infinity (IBAT) – Highest Profit Cryptocurrency for the Long-Term

Buying and selling cryptocurrency for profit can be a high-risk investment due to the volatility in the market. However, Battle Infinity (IBAT) can be one of the most profitable tokens that is both affordable to purchase and offers multiple use-cases.

Similar to Tamadoge, Battle Infinity is a metaverse-based decentralized platform offering 6 different P2E features. On the platform, Players can access the IBAT Premier League – the world’s first NFT-based sports fantasy league competition.

Furthermore, Battle Infinity offers the Battle Arena – a virtual ecosystem where community members can interact virtually in competitions, events and concerts via VR headsets and gadgets. Every virtual item on the Battle Arena has been minted as an NFT, using ERC-721 smart contracts.

The Battle Infinity settles transactions and facilitates the different P2E features via IBAT – the native token of the platform. P2E game winners are rewarded with IBAT from the Battle Swap – the ecosystem’s decentralized exchange. Users can also buy and swap IBAT with other cryptos on the Battle Swap.

IBAT sold out its 90-day presale in only 24 days, selling at $0.015 per token. The token will be available on decentralized exchange PancakeSwap from August 17 2022 and can become one of the best crypto under $1 to invest in.

To find out more, visit the Battle Infinity website to read the whitepaper or join Battle Infinity’s Telegram channel.

3. Lucky Block (LBLOCK) – NFT Cryptocurrency to Invest for Maximizing Gains

Lucky Block (LBLOCK) is an NFT-based competition platform and one of the best altcoins to buy in 2024. By joining Lucky Block, players can compete in weekly main draws and NFT draws to stand a chance to earn up to $50,000.

Lucky Block mints its own NFTs, which can be purchased to participate in the NFT draw competitions. For example, the project has minted 10,000 Platinum Rollers Club NFT collections, giving holders exclusive entry to the Platinum competitions – where a $300,000 Lamborghini is currently up for grabs.

At the center of this decentralized platform is LBLOCK – the native cryptocurrency. Participants can earn rewards in LBLOCK, purchase the local NFTs with the token and even invest in this digital asset for the long term.

LBLOCK provided instant returns. After releasing in January 2022, the token increased by 1,100% within two weeks of going live. The token also sky-rocketed after being listed on PancakeSwap.

Currently, LBLOCK is trading at $0.001 per token.

4. Bitcoin (BTC) – Largest Cryptocurrency in the World

When looking for how to trade cryptocurrency for profit, investors choose to open positions for the long term. Since the volatility of the markets can lead to uncertainty for day traders and short-term investors, many choose to HODL their investments.

Bitcoin is the largest held cryptocurrency and the #1 digital asset with a market cap in excess of $250 billion. The first cryptocurrency to be launched, Bitcoin has proven to be a highly profitable investment in the last decade. In 2010, BTC was trading at a high of $0.40 per token. Fast forward to 2021, Bitcoin reached an all-time high (ATH) of nearly $70,000.

However, 2022 has proven to be another volatile year for Bitcoin – as it currently trades around the $20K barrier. Despite the drop, this kind of volatile price movement is not unprecedented for the largest cryptocurrency in the world. In 2021, BTC fell to $30K before beginning its bullish end-of-the-year run to just under $70,000.

Long-term investors can enter into this position right now to buy Bitcoin for a lower price compared to the beginning of the year.

Cryptoassets are highly volatile investment products. Your capital is at risk.

5. Decentraland (MANA) – Most Profitable Tokens in the Metaverse

Since 2020, we have been seeing an increasing number of metaverse-centric crypto projects that are providing virtual environments and NFT use-cases. Decentraland is one of the biggest metaverse projects that lets its players access a virtual real estate ecosystem.

Community members can buy, sell and trade plot pieces on Decentraland, which are termed as ‘LAND’. Each plot of LAND has been minted as an NFT and can be purchased individually. Interested members can buy LAND with MANA – the local cryptocurrency of Decentraland.

MANA is an ERC-20 token that is also used for the governance of the platform. Token holders can earn voting rights and participate in Decentraland’s DAO (Decentralized Autonomous Organization).

MANA reached an all-time high of $5.90 in 2021 after metaverse tokens exploded and became exciting new crypto projects. Currently, the token is trading at only $1. However, MANA is still trading at a price 4,000% higher than its initial launch.

Cryptoassets are highly volatile investment products. Your capital is at risk.

6. Polygon (MATIC) – Top Performing Digital Asset in 2024

Polygon is an open-sourced and decentralized network deployed on the Ethereum blockchain. This network uses a Proof of Consensus (PoS) compared to Ethereum’s Proof of Work (PoW) protocol to reduce gas fees and increase transaction speeds on Ethereum.

Since Ethereum has been facing scalability issues due to the massive trading volume and projects being created on it, Polygon deploys Optimistic Rollups to solve these issues. MATIC is the native cryptocurrency used to manage the development of the network by installing transaction fees. MATIC also provides governance rights to voters and facilitates the validation of network-related decisions by giving holders voting rights.

Beginning 2021 at $0.01 per token, MATIC reached an ATH of $2.90 in December of the same year. This equates to a 29,100% price increase in 12 months of trading. After falling to a price of $0.30 in June, MATIC is once again showing strong signs of a reversal. It’s a great crypto to buy on the dip.

The token is currently trading at $0.90 with a market cap of $7.5 billion.

Cryptoassets are highly volatile investment products. Your capital is at risk.

7. Ethereum (ETH) – Most Profitable Altcoin to Invest in

Ethereum is an open-sourced blockchain network and the largest altcoin in the crypto space, with a market cap of $231 billion. The first network to facilitate smart contract capabilities, Ethereum is used by hundreds of developers to deploy several DeFi (decentralized finance) protocols, NFTs and Dapps.

Through the use of this blockchain’s ERC-20 compatibility standard, Ethereum hosts more than 280,000 ERC-20 compatible tokens. Furthermore, the network is looking to solve scalability and network issues by launching the much-awaited ETH 2.0 protocol in 2022.

Due to this highly anticipated release, many investors believe the price of ETH can sky-rocket in the future. After reaching an ATH of $4,800 in 2021, ETH is trading 60% lower, at $1,900. However, the upcoming ETH 2.0 launch and the lower price points make this one of the best long-term cryptocurrency investments.

Cryptoassets are highly volatile investment products. Your capital is at risk.

8. Dogecoin (DOGE) – 1000x Meme Coin 

After experiencing massive backing from the world’s richest man, Elon Musk, Dogecoin has become one of the most popular and best shitcoins to buy. The meme token began as a joke and was based on the popular ‘doge meme’, which featured a Shiba Inu dog as its logo.

However, 2021 proved to be a historic year for DOGE, as it increased from $0.004 in January to an ATH of $0.7 in May – a 17,400% price increase. The popularity of Dogecoin sparked an increasing number of ‘meme tokens’ – which used their strong social media presence to create regular price increases and decreases.

In 2022, Dogecoin has corrected by 60%. The main problem with DOGE seems to be the lack of use-cases for the cryptocurrency. However, DOGE is still the 11th largest cryptocurrency in the sector – with a market cap of $9.5 billion.

Cryptoassets are highly volatile investment products. Your capital is at risk.

9. Solana (SOL) – Top Performing Altcoin with Long-Term Potential

After the success of Ethereum in displaying smart contract functionality, many rival altcoins have emerged in the sector. One such cryptocurrency is Solana (SOL) – a high-performance and Layer-1 public blockchain platform.

One of the main concerns of Ethereum is the low number of transactions being processed. Compared to ETH’s 30 transactions per second (TPS), SOL can conduct over 65,000 TPS on its blockchain. A new cryptocurrency, SOL, launched in 2020 at just under $1 per token. However, SOL quickly reached an ATH of $260 in May of the same year.

Currently, SOL has corrected to $44 per token, but initial investors are still profiting from the token’s performance. SOL has offered an ROI of almost 20,000% since it began trading.

Cryptoassets are highly volatile investment products. Your capital is at risk.

10. Ankr (ANKR) – Interoperable Network to Invest in 

The ANKR network is a WEB3-based infrastructure platform that lets users create and manage their nodes on over 50 proof-of-stake (PoS) blockchains. The network offers several application programming interfaces (APIs) and allows DApp developers to build and communicate using DeFi technology.

ANKR is the utility token of this network and is used to settle network transactions and payments and as a governance token. Notably, ANKR has capabilities as an ERC-20, BEP-2 and BEP-20 token.

After releasing in 2019 for a price of $0.012, ANKR reached an ATH of $0.22 in 2021. The price of ANKR has corrected to $0.03, with a market cap of $330 million.

Cryptoassets are highly volatile investment products. Your capital is at risk.

How to Find the Most Profitable Cryptocurrencies in 2024

When looking for the most profitable cryptos to buy, investors should keep the following criteria in mind:

Game Changing Use-Cases

Most importantly, the cryptocurrency’s use case is synonymous with the token’s success. When Bitcoin was launched in 2008, it was the first asset of its kind to utilize decentralized finance opportunities via blockchain technology.

Furthermore, other profitable cryptos have provided significant advantages through their use-cases. Ethereum has exploded to become the largest altcoin in the world due to the network’s integration of smart contracts to facilitate various other Web 3.0 protocols.

Similarly, XRP is another cryptocurrency that looks to ease foreign transactions by providing banks and financial institutions with a faster and cheaper alternative to fiat currency. Therefore, investors should look at the new and emerging trends in the cryptocurrency sector.

For example, the metaverse has been a buzzword in the crypto ecosystem. In fact, a report released by McKinsey & Company> states that the metaverse can generate a market cap of over $5 trillion by 2030.

As a result, we see the rise of several play-to-earn metaverse-based platforms. For example, Tamadoge and Battle Infinity are two upcoming P2E platforms offering in-game rewards via crypto and tradable NFT collections to invest with. Investors should research upcoming cryptocurrencies that are releasing game-changing use-cases that will create long-term growth.

Target Growing Market Caps

Those that missed out on the rise of Bitcoin and Ethereum can take advantage of the rising new altcoins and crypto projects in 2024. The best new cryptocurrencies to buy can be beneficial since they are still in their infancy stage.

For example, Tamadoge is currently trading on presale and is available to purchase for only $0.0025 USDT. The token is looking to reach a $19 million hard cap target after gathering $2 million in its beta presale round in only 10 days.

Notably, Tamadoge will be valued at $0.03 USDT by the end of the presale, which is a 3x price increase from its initial beta presale price of $0.01. Even when Tamadoge meets its $19 million targets, it is significantly smaller than the largest crypto market caps. This can be a reason for interested followers of the project to get in early and be rewarded in the long term.

For comparison, Dogecoin’s market cap is almost 500x larger than Tamadoge. The Tamadoge ecosystem boasts a deflationary token that will burn 5% of all TAMA spent on the platform. On the other hand, Dogecoin’s token supply has grown since its launch, making the token experience more supply than demand.

Similar to Tamadoge, there are multiple upcoming projects which can prove to be profitable investments and are yet to experience full growth in their market cap.

When to Invest in the Top Cryptos for Profitable Returns? 

Along with learning how to find the top cryptos, investors also need to find out the best time to invest in cryptos to gain profitable returns. The sections below discuss a few factors indicating the best time to invest.

Invest in Presales of Crypto Projects

Before a cryptocurrency goes public and is made available on a global scale via crypto brokerages, the project hosts several crypto presale rounds to distribute tokens among a select few investors. The presale round is the initial phase where the tokens of a cryptocurrency project are offered to investors.

Many investors believe this is the best time to invest in cryptocurrencies since you can get in early. Investing in presales comes with high risk. While prices are set at an affordable cost, not every presale will guarantee returns. Therefore, investors need to identify the right presales.

For example, Tamadoge (TAMA) is one of the best new crypto projects that offer a P2E universe to compete for cryptocurrencies and trade NFTs. TAMA is currently available on presale for only $0.0025 USDT. The token completed its first beta presale round by collecting $2 million and is on track to collect $19 million in the ongoing round.

Investors who buy TAMA now can be rewarded with instant profits once the token is eventually deployed on centralized and decentralized exchanges like LBank and Uniswap.

Look for Market Corrections 

Despite Bitcoin increasing from $0.40 to $70,000 in the last 10 years, not everyone has profited from the coin’s success. This is due to a lack of patience during entry. For example, investors that entered into new positions when BTC reached an ATH of $70K will now have lost 60% of their investment. Investors should look to enter the markets when the prices of the top cryptocurrencies fall.

For example, Bitcoin experienced a similar bear run in 2021 when the token corrected from $60K in April 2020 to $30K a few months later. However, BTC ended the year with its ATH of $70K. While predicting a bull run is not simple, investors may choose to buy for the long term.

Currently, Bitcoin is trading at only $23K. While past performance is not indicative of future performance, investors can look for the best crypto to buy during a crash and hold it for the long term.

How to Buy Profitable Cryptos in 2024 – Tamadoge

The sections below provide a step-by-step guide on how to purchase TAMA right now.

Step 1: Create a crypto wallet 

Investors need to create a cryptocurrency wallet to purchase TAMA. We recommend MetaMask as one of the best crypto wallets to use when buying Tamadoge.

Go to MetaMask’s website and click on ‘Download’, follow the instructions.

Step 2: Buy ETH/USDT

To purchase TAMA, investors need Ethereum (ETH) or Tether (USDT) in a crypto wallet. Investors can buy these assets from a popular crypto exchange like eToro.

Cryptoassets are highly volatile investment products. Your capital is at risk.

Step 3: Connect a wallet to the presale platform 

Visit the Tamadoge website and click ‘Connect Wallet’ and then choose the wallet provider. Follow the instructions onscreen.

Step 4: Buy TAMA

Determine the exact amount of TAMA coins to buy (min 1,000) and press ‘Convert ETH’ or ‘Convert USDT’.

Click ‘Confirm’ after verifying the entered info.

Step 5: Claim the Tokens 

That’s it! Claim TAMA tokens once the presale ends in Q4 2022.

Conclusion

After reviewing 10 of the top cryptocurrencies, we recommend Tamadoge and Battle Infinity as the most profitable cryptocurrencies to buy in 2024. These two crypto projects are emerging P2E and metaverse-based platforms that offer in-game crypto rewards, mintable NFTs and multiple web 3.0 use-cases.

The TAMA presale is live, and investors can buy tokens at only $0.0025 per token. Furthermore, Battle Infinity (IBAT) will be available on PancakeSwap from August 17th, 2022.

FAQs