The Best Cryptocurrencies To Buy For High Yield in 2024
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The cryptocurrency market has entered another bull phase, sparking excitement among investors. The question “What crypto should I buy?” is now being asked more frequently than ever before as investors look for coins with the potential of high yields.
In this article, we have put together a list of 8 cryptocurrencies that have shown potential for massive price increases in 2024.
The Best Cryptos To Buy in 2024There are over 23,000 cryptocurrencies, making it difficult for investors to decide on coins to invest in. We have done the work for you, narrowing the list down to the 8 best coins to invest in for the 2024 bull market. They are:
- KangaMoon
- Celestia
- Oasis Network
- Sui
- Solana
- Cardano
- Ethereum
- Stacks
KangaMoon (KANG) is a new DeFi project built to take the meme coin market into a new era. KangaMoon is built on a novel Social-Fi concept that rewards network users based on their participation and engagement.
Bringing real-world utility to meme coins represents the future of the industry, and KangaMoon is at the forefront of this drive. The KangaMoon ecosystem will also feature NFTs, play-to-earn gaming, and a marketplace while remaining a community-centric space.
The project also features an improved tokenomics model, with only 1 billion KANG supply. The token is currently priced at $0.0075, with a deflationary model to drive price increases further in the coming months.
Market Capitalization: Very high potential
Tokenomics: Finite supply and deflationary
Liquidity: Very high potential
Adoption: Multi-market, growing rapidly
Development Team: Sizeable and proven
Security & transparency: Market leading
CelestiaIn 2023, Celestia (TIA) unveiled a ground-breaking modular blockchain concept that quickly became well-known. Developers can safely establish and manage their own autonomous blockchain network with the help of the Celestia network.
Over the past few months, Celestia has been in high demand due to its distinctive model. As a result, TIA is now among the altcoins with the best performance. TIA is unquestionably one of the best altcoins to purchase in 2024, as demand for Celestia only continues to rise.
Market Capitalization: Very high
Tokenomics: Finite supply
Liquidity: Very high
Adoption: Multi-market
Development Team: Sizeable and proven
Security & transparency: Market leading
Oasis NetworkOasis Network (ROSE) is one of the top crypto coins riding the high demand for artificial intelligence (AI). The Oasis Network provides users with very high throughput, minimal gas fees, and unrivaled security thanks to its modular architecture.
The demand for Oasis Network has been steadily rising, making ROSE one of the best cryptos to buy. Year-on-year, the price of ROSE has more than doubled and will only continue to rise as the demand for the Oasis Network increases in 2024.
Market Capitalization: Very high
Tokenomics: Finite supply, 10 billion ROSE
Liquidity: High
Adoption: Growing rapidly
Development Team: Sizeable and proven
Security & transparency: Market leading
SuiSui (SUI) became well-known after introducing a platform that made it comparatively simple for developers to construct and introduce a range of services and apps within the Web3 ecosystem.
One of the best cryptos to invest in right now is Sui due to its quick smart contract development and comparatively quick transaction times. Sui’s price has surged by about 500% in the last six months, reaching a peak above $1.6. Sui is a solid cryptocurrency to purchase in 2024 since its utilization is only going to increase.
Market Capitalization: Very high
Tokenomics: Finite supply, 10 billion SUI
Liquidity: Very high
Adoption: One of the fastest-growing DeFi networks
Development Team: Big and proven
Security & transparency: Industry leading
SolanaEven if Solana (SOL) has been among the best altcoins for a while, 2023 served as a reminder of its potential. Solana saw a gain of almost 900% in 2023 and rose to the top of institutional investors’ lists of desired coins.
In 2024, Solana maintained its upward trajectory, with numerous investors considering it as the front-runner in the upcoming bull market. SOL continues to be a top crypto investment option with additional potential for growth.
Market Capitalization: Very high
Tokenomics: Infinite supply, 8% inflation rate
Liquidity: Tier-1
Adoption: Rapidly growing network
Development Team: Very big
Security & transparency: Very high
CardanoCardano (ADA) has been leading the crypto industry in development activity over the past few years. Many crypto analysts have predicted that its focus on research and development will pay off in 2024.
The Cardano team will also be performing several important upgrades that will improve the performance of the network in 2024. This clearly makes ADA, which has struggled around the $0.600 range, one of the best coins to invest in 2024.
Market Capitalization: Very high
Tokenomics: Finite supply, 45 billion ADA
Liquidity: Tier-1
Adoption: Rapidly growing network
Development Team: One of the biggest
Security & transparency: Industry leading
EthereumEven though Ethereum is currently the second-largest cryptocurrency, it still has a lot of space to expand before 2024. It is anticipated that spot Ethereum ETFs will debut in 2024. As a result, institutional investors will be more exposed to ETH.
Furthermore, the upgrade for Dencun is slated for March. This is a significant update because it should improve the network’s performance. Numerous analysts have projected that these significant events will raise the price of ETH in 2024. This year, Ethereum might reach a new ATH.
Market Capitalization: Tier-1
Tokenomics: Infinite supply, 4.5% inflation rate
Liquidity: Tier-1
Adoption: The biggest DeFi network
Development Team: One of the biggest
Security & transparency: Industry leading
StacksBecause it added smart contract capability to the Bitcoin network, Stacks (STX) became well-known. Stacks has been at the forefront of the deployment of smart contracts and DeFi on Bitcoin for the last few years.
With the impending halving of Bitcoin and the increasing usage of smart contracts, a significant price increase for STX is anticipated. One of the best altcoins to buy right now is STX, which is expected to peak above $12 from its current range of $3.
Market Capitalization: Very high
Tokenomics: Finite supply, 1.818 billion STX
Liquidity: Very high
Adoption: Rapidly growing DeFi network
Development Team: One of the biggest
Security & transparency: Industry leading
Factors To Consider Before Buying a CryptoWhile investors are constantly looking for the best cryptos to invest in, there are several factors that should be put into consideration before purchasing any coin. These factors are;
Market CapA cryptocurrency’s market size is a key determinant of both its present performance and future potential. High market capitalization cryptocurrencies are typically regarded as safer bets.
Real-World Use and AdoptionOne of the most important things to think about before buying any coin is this. The coin’s actual use case serves as a good indicator of the project’s viability. Projects with greater practical application frequently outperform those in their field.
Network SecuritySecurity is an essential element that any project has to have. Cybercriminals frequently target cryptocurrency projects, therefore having well-reviewed smart contracts is usually a positive indicator. Multiple audits indicate that a project is generally more secure.
The Project Team and PartnershipsProjects that are backed by solid development teams are often immune to being rugged. The presence of top partnerships also shows that the project is on a path to success and is trustworthy. All the coins on this list meet these criteria and are considered safe to invest in.
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