Which cryptocurrency should I buy in 2024 to generate income? This question worries investors of varying degrees of experience. They all observe events in the market and try to predict the price of tokens that interest them.
However, the industry is now under great pressure due to political events and regulatory actions. Plus, spot funds for Ethereum are being prepared for launch â they will also have an impact on the development of the crypto market.
In such conditions, choosing an asset to buy can be quite difficult. Therefore, experts have compiled a list of the most promising cryptocurrencies that are capable of showing high profitability this year.
Which cryptocurrency is better for a beginner to buy in 2024?
Meme Games is a gaming platform where popular meme coins compete with each other and bring a 25% bonus to investors;
Pepe Unchained is an asset that has its own blockchain - it is 100 times more efficient than Ethereum;
99Bitcoins is an online crypto school that offers rewards to its students.
PlayDoge is a gaming platform in the genre of a retro Tamagotchi simulator, which raised more than $5 million at the presale;
Shiba Shootout is an app for iOS and Android that goes through a tokenization process and offers an APY of 1.388%;
DICE is an online platform with 4,000 different games and more than 50,000 active users;
Bitcoin is the flagship cryptocurrency, capable of updating its historical maximum to $90,000 and above in 2024;
Ethereum is the second largest coin, which is predicted to rise to $5,000 amid the launch of ETF funds;
Toncoin is a cryptocurrency for fast, secure and inexpensive transfers with the ability to process up to 1 million transactions;
Notcoin is a gaming project in the Web3 segment, where the main task is to tap on the screen and earn cryptocurrency.
Meme Games Which cryptocurrency is better to buy? Many people choose Meme Games, an online project whose pre-sale started on July 16th. In just a couple of days, he collected $211 thousand at the presale. Moreover, one $MGMES can be purchased for $0.00905 on the official website.
The creators of the playground were inspired by the real Olympic Games, so they created sports competitions for cryptocurrencies. Meme coins will fight among themselves for first place in the sprint. The coin that takes the lead will bring a generous reward. However, only those players who voted for the winner will be able to receive it.
Participants in the cryptocurrency Games include: DOGE, PEPE, BRETT, TURBO and WIF. Each of them can overtake their rivals. If they win, investors will receive 25% of the purchase amount as a reward.
Another distinctive feature of the project is the staking mechanism. Investors will receive blocking rewards for 2 years, and the APY for early stakers will be 1.220%.
In total, the project has 10 pre-sale stages, and its final cost before listings will be $0.00945.
GO TO THE MEMEGAMES SITE
Pepe Unchained When choosing which cryptocurrency to buy today, many people mention Pepe Unchained. Like the original Pepe, it was created under inspiration from funny pictures of Pepe the frog.
At the pre-sale, it attracted investments worth $4.8 million, and its value over 19 stages rose by 34% and has now reached $0.008596.
Such popularity of the project is easily explained. Essentially, Pepe Unchained is the first meme asset in the crypto industry that has its own blockchain. It is called Pepe Chain and is capable of delivering performance 100 times faster than Ethereum.
Another significant feature of Pepe Unchained is its staking mechanism. Investors will receive blocking rewards for 2 years. At the same time, the APY for those who buy and lock coins right now will be 394%. However, keep in mind that this figure is constantly decreasing as the number of tokens available for purchase dwindles.
Currently, the staking pool contains over $406 million of PEPU, which indicates high demand for assets.
Pepe Unchained will have 50 presale stages in total. Before listings, the coin will rise in price to $0.0097284.
GO TO THE PEPEUNCHAINED WEBSITE
99Bitcoins Which cryptocurrency should a beginner buy if he has very little experience in the industry? The answer is 99Bitcoins (99BTC), an educational resource aimed at both novice crypto traders and more advanced investors.
The project offers various training modules, guides, quizzes and other content. The 99Bitcoins team created their portal back in 2013 and continues to publish useful materials to help students understand the complexities of the cryptocurrency market.
However, developers are making education not only accessible and exciting, but also profitable. Thanks to the integration of the Learn-to-Earn model (âlearn and earnâ), users now receive real crypto bonuses â 99BTC tokens.
This approach has resonated with a wide audience, as the current pre-sale has raised $2.5 million. The 99BTC coin has reached its maximum pre-sale price of $0.00116 and is preparing for release on exchanges. According to the countdown widget on the project website, this will happen in 4 days.
Moreover, a staking option is offered. Annual returns reach 666%. In addition, the BTC cryptocurrency is being distributed in the amount of $99 thousand. All this, according to experts, will allow 99BTC to rise in price at least 100 times after listings.
GO TO 99BITCOINS SITE
PlayDoge Which cryptocurrency should I buy to make a profit? PlayDoge is a simulation game inspired by the classic Tamagotchi. At the presale, she has already collected over $5.8 million, and her token has risen in price to $0.00521.
This is the first game on the market that tokenizes the care of virtual pets. Users are encouraged to play with them, bathe and feed them, and complete a number of daily tasks. For each of them, additional $PLAY tokens will be awarded.
However, the project is also attractive due to its staking conditions. To get even more coins, investors need to buy and lock $PLAY. Then, within 3 years, new assets will arrive in their wallets. APY will be 83%.
By the end of the presale, $PLAY will rise in price to $0.00539.
GO TO THE PLAYDOGE WEBSITE
Shiba Shootout Which cryptocurrency should I buy? The answer is $SHIBASHOOT. This token has become a full part of the Shiba Shootout game. In it you can not only immerse yourself in cowboy adventures, but also earn cryptocurrency.
Plus, having a coin gives players a lot of additional options. For example, it provides access to a referral program. Users just need to invite their friends to the game to receive bonuses.
They are also offered the Lucky Lasso lottery. It will help you get big crypto prizes and unlock new features. For example, Savings Saddlebags to automatically transfer funds to the player's wallet.
The excitement around the coin is growing: in 20 days it attracted over $724 thousand and rose in price to $0.0196. By the end of the presale, its price will increase to $0.02.
GO TO SHIBASHOOTOUT SITE
DICE When choosing which cryptocurrency is profitable to buy, many investors pay attention to the MegaDice token. It belongs to an online gaming platform and has prospects for long-term development. During the pre-sale, the asset raised $1.6 million, and the price itself rose to $0.09548.
The main feature of MegaDice is its integration with the popular Telegram messenger. It allows 50,000 users to instantly access 4,000 different games. Plus, the platform does not require you to go through a complicated registration process. All you need to do is go to the official website of the project and connect a chatbot for Telegram from there.
Also, all $DICE owners can take part in a large-scale airdrop. The main condition of his first season is to actively use MegaDice for at least 21 days. Players will also be required to make a large investment of $5,000 in order to receive prizes.
GO TO THE DICE WEBSITE
Bitcoin This year, Bitcoin managed to reach a historical high of $73.3 thousand. Its market capitalization reached $1.3 trillion. At the same time, the share of the coin on the market increased to almost 55%.
This development of the token was influenced by the launch of spot ETFs and the 4th halving. The latter halved the rewards for mining BTC and, accordingly, made the asset more scarce.
Despite the fact that Bitcoin did not show a big jump in response to these events, analysts still predict serious growth for it. Firstly, due to the high rating of the pro-cryptocurrency politician Donald Trump. Secondly, due to a possible decrease in interest rates. Analyst MartyParty suggests that the asset can rise in price to $120,000.
Ethereum Which cryptocurrency to buy now? Many experts will say that you should choose Ethereum. It is the second largest coin after Bitcoin. This summer she is under close attention of the community.
Ethereum is predicted to rise to $5,000 due to the opening of spot funds. Analysts are convinced that this event could take place as early as July 23. With the new launch of ETFs, the adoption of cryptocurrencies will increase, and more investors will have access to the tokens themselves.
Experts from K33 Research believe that the launch of an ETF for ETH will allow the coin to overtake BTC in profitability. Plus, Galaxy Digital said that the asset is capable of attracting up to $7 billion in the first 6 months.
The head of Bitget, Gracie Chen, shared her opinion on the growth of Ethereum. She believes that by the end of 2024 the asset has every chance of crossing the $8,000 threshold.
Toncoin Toncoin is a token that is actively used as a means of payment in TON ecosystem products. With its help, users can conduct fast and cheap transactions, as well as get additional features in NFT games.
The team that worked on the creation of Telegram is responsible for the development of the TON blockchain. Therefore, the network has close integration with the popular messenger. It has a high level of productivity - in 2021, the number of transactions reached a record high of 55,000 per second. Now this number has increased to 1 million.
Blockchain has a multi-layered architecture that combines the main chain with smaller working chains. This provides opportunities for scaling and long-term development.
Analysts noted that last week âwhalesâ showed great interest in the asset â between July 15 and July 21, the influx of funds into Toncoin increased by 31,000%. At the same time, on July 19, it became known that Coinbase (NASDAQ:COIN) is going to launch perpetual futures contracts for $TON. These auctions will become available on July 25th. This, in turn, can push the price of the coin up.
Notcoin Notcoin is another Telegram-based asset that is included in the âPromising Cryptocurrencies 2024â list. It is part of the Web3 gaming platform, where the number of users has increased to 30 since the beginning of this year.
Notcoin listings were reported by major exchanges such as Binance, OKX and Bybit. This also attracted even more attention to an already promising project.
Essentially, Notcoin is a gaming application inside Telegram. Users need to click on the picture in the center of the screen to âmineâ assets. All funds received can be exchanged for coins of the TON system, and then sold on exchanges.
This is the first asset of this blockchain to be listed on major trading platforms. Because of this event, the developers expect a large influx of new users and, accordingly, the growth of the coin.
It is already known that the team itself plans to make $NOT part of its next projects - a trading bot in Telegram and other gaming applications.
Which Cryptocurrency to Buy: 3 Rules for Investors Before choosing which cryptocurrency to buy, investors generally need to do thorough research.
On the one hand, itâs good that new and promising coins are constantly appearing on the digital asset market. On the other hand, this increases the risk of stumbling upon scammers. Therefore, it is so important to learn more about the token in which the investor is going to invest money.
To avoid losing money, you should learn more about the project you are interested in. You should pay attention to its developers, whitepaper, and road map. Team social media can also be helpful. Through them it is easy to evaluate the activity of the community and communicate with like-minded people. See what other, more experienced community members think about the token.
The second important skill for an investor is the ability to wait. All cryptocurrencies, without exception, have high volatility. This means that they can both rise rapidly and fall sharply. This dynamic may depend on a variety of factors: from Elon Muskâs post on X/Twitter to serious political discourse.
The third point that will help beginners invest effectively in coins is portfolio diversification.
It is important to remember that investing in any digital asset involves various risks. For example, coins may simply lose their value over time. To avoid incurring losses due to this, you can diversify your investor portfolio. This is very simple to do: it is enough to invest not in one or two cryptocurrency projects, but more.
This distribution of investments across different assets will help you avoid going into a deep minus if any token suddenly drops significantly in price.
For example, you can take $1,000 and invest it in new cryptocurrencies. If this amount is equally distributed among the first 6 projects that we mentioned in this article, it will be approximately $166 per startup.
Let's say an investor chooses to buy $WAI, which costs $0.00073 per share. During the entire course of the presale, the asset increased in price by 100%. This means that by investing in it at the very start of early sales, the investor could increase his profit from the invested $166 to $332.
Moreover, in the case of investments in larger assets, profits will increase. So in 2023, user income from investments in Ethereum was approximately 91.6%, according to Binance. Earlier this year, ETH could be purchased for $2,282. Now its price has risen to $3,483. This means that during the year the asset rose in price by 34.5%. Accordingly, the return on an investment of $1,000 would now be $1,345. However, if the token rises to $5,000, then the profit will be $1,543.
However, we should not forget about stablecoins. They will reduce the overall degree of volatility and lock in profits. For example, you should put Tether (USDT) in your portfolio, since it is closely tied to the fiat dollar exchange rate.
Conclusion Choosing digital assets to purchase is not an easy task and requires some effort even from an experienced trader. It is necessary to conduct a thorough analysis of both the project itself and the general mood of the market in order not to miss the benefits. However, you should always remember that tokens are characterized by high volatility.
Therefore, you need to pay attention to the team that releases the project, the pace of the presale, market capitalization, and prospects for further development. We should not forget about portfolio diversification - it will help reduce the risk of facing large financial losses.
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