5 Must Buy Cryptocurrencies Before 2025
Bitcoin has gone from being 'accumulate' to tripling in value within just a couple of months. The altcoin market cap is relentlessly adding billions of dollars hourly, and we are on the horizon of Bitcoin finally hitting $100k—marking the true start of altseason. If you're confused and looking for factual recommendations, here are our top 5 altcoins to buy in 2024.
Before getting into the list please note that, this list includes many high-risk assets and need proper research before investing.
Ethereum ( ETH )
Ethereum (ETH) is the OG Layer 1 altcoin and undoubtedly one of the most popular cryptocurrencies out there. Ranked second on the overall market cap list, Ethereum is a strong contender to outperform the market.
The DeFi space on Ethereum is the largest by far, significantly outpacing the second-place competitor. There's almost $60 billion in Total Value Locked (TVL) on the chain. The stablecoin market cap on Ethereum is nearly $100 billion. Ethereum's DeFi ecosystem is magnificent, encompassing virtually every type of DeFi project.
The critical challenges Ethereum faced were slow transactions and high fees. However, in the past few years, several updates have made significant improvements. The recently concluded Proto-Danksharding upgrade has successfully addressed high fees and sluggish transactions. Future Ethereum upgrades continue to prioritize the three main aspects: speed, fees, and security.
From a price perspective, the demand for ETH is evident—it serves as the gas token and the ultimate staking token for 90% of crypto. This makes it highly likely that ETH will surpass its previous all-time high.
SOLANA ( SOL )
Solana is a Layer 1 blockchain and one of the most trending coins throughout the year. Whether it was pulling off a 30x rally from the literal bottom or leading the memecoins supercycle, Solana has consistently grabbed attention. Unlike Ethereum, Solana is heavily associated with memes.
If we had to describe the Solana cycle, it wouldn't be complete without mentioning Pump.fun, the Solana-based meme issuance project that turned the market into a memefest. Every day, new 100x memecoins emerged on the Solana blockchain, making it a hotspot for speculative opportunities. This single trend brought a surge of users to Solana—it’s fast, it’s cheap, and it offers countless opportunities.
The airdrop craze on Solana also contributed to a significant rise in staking. The most famous airdrop was from Pyth Network, a Solana-based Oracle solution, which rewarded users with a minimum of $4,000 for staking at least 1 SOL. This incentivized staking demand remains strong, with many Solana-based projects still operating without tokens.
In terms of price, Solana is currently trading at a significant discount from its previous all-time high. While the market cap is nearing ATH levels, the price of SOL remains considerably lower, positioning it as a potential outperformer in the market.
BINANCE COIN ( BNB)
Binance Coin (BNB), or Build and Build, is a next-generation Layer 1 blockchain developed by CZ, the former CEO of Binance Exchange. BNB is one of the most popular cryptocurrencies in the GameFi space. With its diverse ecosystem and fast, low-cost transactions, BNB ranks among the largest coins by market cap.
BNB powers the Binance ecosystem, including Binance Exchange, Trust Wallet, Web3 Wallet, and most importantly, the BNB Chain. Thanks to its low transaction fees and expansive ecosystem, it ranks among the top three chains with the highest number of transactions over the past seven days.
The DeFi ecosystem on the BNB Chain remains relatively unexplored, although prominent players like PancakeSwap, 1inch, and SushiSwap dominate the market. In the GameFi sector, there is significant potential for further growth and opportunities.
In terms of price, BNB is the main fuel for the BNB Chain and the Binance ecosystem. The value drivers of the coin include governance, voting, and Binance Exchange-based staking reward programs like Launchpool, Megadrop, and Holder Airdrops. We believe there is still room for significant growth in the price of BNB.
BITTENSOR ( TAO )
Bittensor (TAO) is often referred to as the "Ethereum of AI." It is a decentralized machine learning protocol that uses its native token, TAO, for various purposes within the network. TAO is utilized for registration, voting, governance, subnet operations, and rewards.
The recent 20x surge in the TAO token's price can be attributed to the growing popularity of Bittensor subnets. These subnets are specialized networks within the Bittensor ecosystem, designed to handle specific tasks or data types. They enhance scalability and functionality by enabling more efficient processing and distribution of data across the network.
To deploy a subnet on the Bittensor network, users must secure a unique identifier (UID) by paying a specific amount of TAO. The required amount depends on the subnet's current validator dynamics and the number of active participants. Currently, approximately 3,000 TAO is needed to deploy a subnet.
Bittensor is undoubtedly a blue-chip project in the AI space and a must-hold asset for the upcoming bull run. With numerous demand drivers for its native token, a four-figure price seems imminent.
AAVE ( AAVE)
Aave, is the OG money Market on Ethereum. Aave is a decentralized crypto lending platform. Aave requires collateral in the form of cryptocurrency to borrow other cryptocurrencies. Aave offers a native token (AAVE) that can earn interest through staking. Aave borrowers risk liquidation of collateral if the value of that collateral drops too far.
Aave definitely a strong contender to be held in bull market for sure. The more usage and adoption the Aave protocol gets, the more fees are generated. And since AAVE captures economic value from those fees via staking rewards and buyback-and-burn, this creates a value accrual mechanism for the token
Aave currently trading sub $150 and we still believe there's lots of room for its price growth in future. The revenue of the project been top-notch and one of the finest in the industry.
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