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The 11 Best Cryptos to Buy Now in 2024

Different market cycles herald new sets of cryptos. Some are consistent across cycles, like Bitcoin and Ethereum, while others change, and cryptocurrencies that were once valuable may not be any longer. This is why you need to know the best crypto to buy now for crypto investors, in this market cycle.

This guide walks through the crypto assets that are most likely to be valuable in the crypto markets. It explores the crypto project ecosystems, why they are valuable, and reasons why they might be good investments for the crypto community at this time.

Best Crypto to Buy Now in 2024

Review of the Top Crypto Coins to Buy Now

Is it a Good Idea to Buy Cryptocurrency Now?

Whether it is a good idea to buy crypto now for potential token holders depends on when “now” is. When this guide was written, the crypto market had gone through a bearish year. Crypto prices had lost at least half of their value at the height of the bull market, some to all-time lows, so it was a perfect time to buy.

Ideally, a good time to buy the best cryptocurrency to invest in is during a bear market when prices have fallen to a certain degree. Try not to time the market, as this always ends disastrously, especially for retail investors.

Instead, stick with projects that have strong fundamentals and are selling at considerable discounts to their recent highs.

While this guide will be regularly updated, it is generally inadvisable to buy cryptos when prices are high, even if you intend buy the top long term crypto.

Are There Benefits to Buying Crypto Now in Presale?

There are benefits to buying cryptocurrency during the presale period. However, there are also risks.

Presales are held before cryptos are made available to the general public. It is an avenue for a project’s core supporters and investors to buy up a limited amount of its token at a discount to its general listing price.

Presales incentivize people to buy projects that could potentially double, triple, or even 10x in value at cheaper prices. However, they can also be risky as there are no guarantees that a project will succeed.

Things to Keep in Mind When Deciding Which Crypto to Buy Now

Because you are buying a crypto now doesn’t mean it has to be a new project. You could be buying old projects at the best cheap crypto prices or existing projects that are gaining popularity. Either way, look out for the following factors when deciding what to buy.

Market Cycle

Where you are on the crypto market cycle is a huge determinant of what coins to buy or whether to buy at all. Crypto market cycles consist of two bullish years followed by two bearish ones. This has been the trend over the last 10 years.

Always check where you are on the cycle before buying crypto. The best time, ideally, would be towards the end of the bear market. Many crypto analysts would agree that the goal shouldn’t be to buy at the absolute lowest price, but to buy when the bull market is round the corner.

Narratives

Narratives drive the crypto market. When ChatGPT launched, AI-focused cryptos surged. In 2023, AI-themed meme coins are popping up as the AI narrative permeates the industry.

The beauty of narratives is that they can cause rallies in bear markets. If you catch onto one early enough, you can make outsized gains provided you sell before the narrative dies out.

Some narratives last for months and years, while others last for a short period. Memecoin narratives are usually the latter.

Fundamental Solutions

The best types of projects to buy are those that proffer long-term solutions to perpetual problems. For example, the crypto industry will always require decentralized forms of money, and Bitcoin is a sustainable solution for that.

The more fundamental a project is to the growth and operation of the crypto industry, the better positioned it is for long term success.

Tokenomics

Tokenomics defines how tokens interact with their native ecosystems. It also outlines the microeconomics within crypto projects, how value is created, captured, and transmitted across various network participants.

Weak tokenomics are known to create problems, and projects that fall into this category usually end up reworking their tokenomics later on.

There is no one-size-fits-all model for token economics, however, always ask whether a project needs a token, whether the token captures value or adds in any significant way to the operations and growth of projects.

Market Capitalization

Market capitalization is the total value of all tokens available publicly. It is derived by multiplying the circulating token supply by the price of each token. The idea is to buy into projects with relatively small market caps.

We say relatively because you’ll have to compare the market cap of the crypto you wish to buy with those of existing projects to gauge how much growth is possible at current market conditions.

Hype

Hype plays a role in the crypto market. Tokens of projects that benefit from hype increase in value many times over within a very short period. While you can ride the momentum created by hype, it shouldn’t be a focus, which is why it is the last on our list.

What Makes Someone Want to Invest in a Crypto Coin Now?

Tokenomics

Tokenomics defines how tokens interact with their native ecosystems. It also outlines the microeconomics within crypto projects, how value is created, captured, and transmitted across various network participants.

Strong tokenomics are always an attractive factor in crypto projects. A good example is Polygon with a limited supply and utility integrated into the network.

There is no one-size-fits-all model for token economics, however, always ask whether a project needs a token, whether the token captures value or adds in any significant way to the operations and growth of projects.

Hype

Hype plays a role in the crypto market. Tokens of projects that benefit from hype increase in value many times over within a very short period. Because this page focuses on cryptos you can buy now, hype is important as it can be a catalyst for realizing profits quickly.

Project Viability

Cryptos belonging to protocols that solve problems in sensible and sustainable ways are more attractive than those that do not. The more useful the solution, the more integrated it becomes in the working of the industry.

A good example is Ethereum. It is difficult to imagine a crypto industry without Ethereum as it has become so ingrained with the industry as a whole.

 

How to Find the Best Crypto to Buy Today

  • Focus on utility: The best projects derive fundamental value from the problems they solve. Projects that have to create products to give their tokens utility are already a red flag.
  • Gauge community: Sometimes, cryptos with weak fundamental value can still thrive if their communities are strong and loyal. A good example is Pepe. Memecoins, generally, are not expected to have much utility outside dank memes.

What is the Best Crypto to Buy Now?

One of the best cryptos to buy now is the first on our list, Poodlana. Built on the Solana blockchain, a growing number of crypto analysts believe this new memecoin has the potential for truly viral growth.

The next two cryptos on our list are also good choices as they too are building platforms that will cause disruptions in their fields.

 

How to Buy the Best Crypto Now

You can buy the best cryptos on cryptocurrency exchanges like eToro. This guide shows you how.

1. Open an Account

Open an  account by browsing to the eToro website and clicking on the Start Investing icon. Alternatively, you can download the mobile app from the Play Store/App Store and click on Sign up. Fill out the form with your full name, email address, and password.

 2. Verify Your Account

Verify your account by setting up your profile and submitting KYC documents like a valid government ID and proof of residence document like a utility bill.

 3. Make a Deposit

Once your account has been verified, deposit funds by using any of the available payment options. Choose a convenient method and set the amount you’d like to deposit.

 4. Buy Crypto

Once your account is funded, search for any of the cryptos mentioned in the Discover tab. An interface like the one below should load. You can then set your parameters and buy.

Where to Buy Cheap Coins

To get your hands on cheap cryptos like Poodlana that are not yet listed on exchanges, you’ll have to purchase them directly on their websites using a crypto wallet. We created a guide to help you do that.

Step 1: Download A Wallet

We used Trust Wallet for this guide. Download the Trust wallet app on your phone or use the web platform via a browser extension on your laptop. Create a new wallet. Ensure you keep your seed phrase safe and offline.

Step 2: Buy Some Crypto

You’ll need SOL to buy new Poodlana tokens. Buy some on an exchange like eToro and transfer to your wallet, or use a fiat onramp on the wallet app. You can connect to a merchant on the Binance p2p market directly from the wallet app.

Step 3: Connect Wallet

Navigate to Poodlana’s website and connect your wallet to join the presale. You can do this from the in-built browser on the mobile app. Buy POODL tokens using SOL. Ensure you have enough to pay for gas fees.

Step 4: Wait To Claim

You’ll need to wait until the presale is over to claim your tokens.

Latest Crypto To Buy Now News

  • Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
  • Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data
  • PEPE Token Soars to $500M Market Cap as Meme Coin Fever Grips Crypto Traders

Final Thoughts on the Best Crypto to Buy Now

We explored the best crypto to buy now and chose Solciety as our top pick as it has the potential to achieve viral growth.

Nonetheless, all the cryptos on our list are great choices to buy now as they all carry significant growth potential, sound technologies, and are in the middle of trending narratives.

To buy crypto, you can use a cryptocurrency broker like eToro.

Methodology - How We Picked the Best Crypto to Buy Now

The projects covered in this guide were chosen through rigorous research. We paid attention to security, reputation, tokenomics, competitive edge, and growth potential.

The tokens listed are the best we found in the various categories we listed them. For example, we listed Chainlink as the best blockchain oracle because it is the most used and respected provider of off-chain data in the industry.

Check out our why trust us and how we test pages for more information on our testing process.

Additional Crypto Coin Reviews

FAQs

What cryptocurrency is the safest?
The safest cryptocurrency on our list is Bitcoin because it is the gold standard of crypto. It has enjoyed the most institutional investment as companies are more willing to invest in Bitcoin and governments are more willing to approve Bitcoin based products than other cryptos. It is also the most decentralised and censorship resistant network in the industry.
What is the most trending cryptocurrency right now?
The most trending cryptocurrency right now is Pepe as the memecoin recently hit a market capitalization of $400 million in under 2 weeks and is being listed on several centralised exchanges.
Which crypto will explode in 2024?
Several cryptos have already exploded, even Bitcoin surged above 50% in the first quarter of the year. However, remember that the market is in an overall bearish position.
What is the next big crypto coin?
We cannot outrightly say what the next big coin is going to be. You’ll need to do your research and keep your ears to the ground. However, you can start with those on our list.
Which crypto is best for short term gain?
Memecoins are usually the best for short term gains, however, they fall just as fast as they rise and most people are left bag holding.
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