The cryptocurrency market has seen a brighter start to 2024, and it’s welcome following a tough 2022 for all asset classes. With analysts hoping to see some big wins this year, now is the perfect time to be assessing the cryptocurrency market to find the crypto projects that could produce the biggest returns.
What are the best cryptos to buy now for huge returns?
Experts agree that there are several projects and major crypto that look primed to post green candles throughout the year, but there’s no question that a small number will outperform the rest. Identifying exactly which projects hold the greatest potential can take a lot of time, and so here are the best cryptocurrencies based on the research of crypto market analysts:
1. Bitcoin Dogs (0DOG) – The first ICO on the Bitcoin blockchain
What is Bitcoin Dogs?
Bitcoin Dogs is the first to venture into the uncharted territories of the Bitcoin blockchain with an Initial Coin Offering (ICO). This groundbreaking initiative introduces $0DOG coin, setting the stage for an investment frenzy.
The project's presale strategy is meticulously designed, with a 30-day window leading to the elimination of unsold tokens, thereby enhancing the value for early investors. By intertwining NFTs with elements of social gaming, Bitcoin Dogs proposes a transformative approach that could potentially redefine the crypto ecosystem.
Investors are invited into a dynamic world where they engage with virtual dogs, partake in challenges, and connect with a like-minded community. Beyond mere entertainment, this platform offers a journey of growth and exploration, enriching the virtual experience through each interaction and competition.
Why should you invest in Bitcoin Dogs?
Bitcoin Dogs stands out not only for its innovative fusion of gaming and NFTs but also for the compelling investment prospects it offers. Inspired by the success of similar projects like Bitcoin Cats, Bitcoin Dogs aims to replicate this success, presenting a promising opportunity for substantial financial returns. The project's strategic token supply of 900 million, reflective of the global dog population, and the compassionate burning of unsold tokens, amplify its appeal by intertwining investment potential with a narrative of value and scarcity.
The timing couldn't be more opportune. As the crypto world teeters on the brink of a bull market, spurred by the upcoming Bitcoin halving and favorable economic shifts, Bitcoin Dogs is poised to capture the imaginations and investments of those eager to partake in a historic presale.
Bitcoin Dogs' commitment to transparency and longevity is evident through its thorough audit process and a structured 12-month vesting period for its team, minimizing market pressure and maximizing the token's growth potential. With the resurgence of NFTs, fueled by mainstream brands' engagement with digital collectibles, Bitcoin Dogs is strategically positioned to capitalize on this trend, offering a platform that blends the excitement of Bitcoin gaming with the innovative potential of Bitcoin ordinals.
As the world of NFTs and Bitcoin gaming awaits its next big hit, this project not only promises a thrilling adventure but also the chance to be part of crypto history.
2. Memeinator (MMTR) – The future of meme coins
What is Memeinator?
Memeinator is not just another meme coin; it represents the next evolutionary step for meme coins as the market continues to develop. At its core, Memeinator boasts a range of innovative functionalities, such as a blockchain-anchored shooting game, a curated NFT gallery, and DeFi integration through the staking of the platform's native token, MMTR.
The MMTR token has already successfully raised a massive $0.0133 during the initial phases of its presale as savvy investors realize the potential that the project holds. Designed carefully to provide significant utility to the MMTR token, the project is looking to redefine the meme coin world by offering much higher utility compared to its predecessors, along with its extremely strong and unrivaled ‘The Terminator’ branding.
The Memeinator project is also planning for the release of a gaming experience titled "Meme Warfare," where token holders can take on the role of Memeinator, targeting and eliminating meme coins that are perceived as overvalued. This immersive GameFi experience is kept up to date by AI-powered data fed from the project’s Memescanner feature. Meme Warfare, in essence, offers a playful yet strategic experience that aligns MMTR holders with the project's overarching vision.
To ensure Memeinator has maximum FOMO generated, significant efforts are being placed on digital outreach by the Memeinator team. One groundbreaking campaign includes collaborating with Virgin Galactic’s Spaceline, offering a once-in-a-lifetime space journey to a fortunate presale participant – truly transcending the metaphorical 'moonshot' promise.
Why should you invest in Memeinator?
Memeinator is not just about the buzz; it is anchored in very high levels of utility. By integrating the gaming experience, an exclusive NFT suite and staking opportunities, it distinguishes itself from other meme coins in the space. Its collaboration with Spaceline not only emphasizes its commitment to fulfilling big promises, but also symbolizes its massive ambition to deliver big.
The high utility embedded within the MMTR token has many industry experts seeing the low presale prices as an extremely strong long-term crypto investment, with MMTR tokens currently available for just $0.0133. With such ferocious activity in the presale, as savvy investors learn about the project, one thing that is for sure is that this is one presale unlikely to last much longer.
3. Bitbot (BITBOT) – The world's first non-custodial trading bot
What is Bitbot?
The Bitbot Telegram bot is the world's first non-custodial trading bot that operates within the Telegram app, allowing users to manage their cryptocurrency trading portfolio directly from the messaging platform. Non-custodial means that users retain full control over their private keys and, therefore, their cryptocurrency assets, which emphasizes security and ownership rights. This setup allows for enhanced security as users can trade directly from their cold wallets, reducing the risk of hacks and security breaches by keeping assets away from centralized exchanges.
The BITBOT token serves several key functions within the Bitbot ecosystem as well as access to exclusive perks. The tokenomics of BITBOT include strategic buybacks and deliberate burning of tokens, a deflationary mechanism designed to reduce the total supply over time, potentially increasing the token's scarcity and value.
Why should you invest in Bitbot?
Investors might consider investing in the BITBOT token for several reasons. The unique proposition of a non-custodial Telegram trading bot taps into the growing market segment of Telegram-based trading solutions, offering a blend of convenience, security, and advanced trading capabilities.
Furthermore, the backing by a team of former Wall Street traders and blockchain experts, along with partnerships for enhanced security measures, might provide additional confidence in the project's potential for success and growth.
4. Chancer (CHANCER) — Disrupting the betting industry
What is Chancer?
Chancer is the world’s first blockchain-powered decentralized market up. Entrepreneurs and brothers Adam and Paul Kelbie saw a gap in the betting industry and wanted to create a platform where all types of bets can be made — from small bets among friends and colleagues, to viral, worldwide bets on events such as the Superbowl or Oscars. However, traditional betting houses and bookmakers tend to only cater to sports betting, thus Chancer was born.
Chancer puts the power in the hands of the users; Chancer is a betting platform, not a bookie or betting house, thus the odds aren’t skewed in favour of anyone. Instead, all bets are fair and independently moderated so users can make maximum winnings.
All bets and payouts are made in CHANCER, Chancer’s native token, which fuels the entire ecosystem. Users can also make money in different ways by using and promoting the platform and their markets, or even by becoming an independent node moderator.
Chancer has great plans for the future. Its whitepaper outlines an extensive roadmap for the future, including plans to eventually become a DAO.
Why should you invest in Chancer?
The betting and gambling industry was worth over $60 billion in 2022 and is only set to grow further. Chancer’s unique offering will revolutionize the way people bet as there is no house to lose to — an enticing prospect for bettors who are fed up of having the odds stacked against them. By building the platform on blockchain, the Kelbie brothers have harnessed technology that will give bettors confidence due to its transparency. This makes Chancer highly disruptive within the betting industry, and experts predict that Chancer will take a hefty slice out of the aforementioned value of the industry, making it one of the best cryptos to invest in during 2024.
5. AltSignals (ASI) - Best crypto to buy for AI potential
What is AltSignals?
AltSignals is an incredible new project that already boasts a 50,000-strong user base for the trading signals that it provides. Best known for its innovative and widely successful AltAlgo™product (delivering more than 1,500 signals at an amazing 64% success rate), the project continues to push the limits and is launching the ASI token to support the development of its next-gen trading signals product — ActualizeAI.
ActualizeAI will use the latest machine learning techniques in order to provide an unprecedented success rate for its signals, leveraging advanced ML implementations such as natural language processing (NLP) and reinforcement learning.
Why should you buy AltSignals?
With the ASI token not only being crucial for accessing the new product but also for allowing access to the exclusive ActualizeAI Club, where holders can earn rewards in other ways, we can expect there to be massive buying pressure on the token in the future.
It’s not often that investors get the opportunity to secure tokens for an established project at the highly discounted rates available in the ASI presale, so smart investors are expected to continue to buy in droves — especially in light of the huge potential that market analysts are ascribing to the AltSignals project.
6. Metacade (MCADE) – Revolutionizing the world of gaming
What is Metacade?
Metacade is laying the groundwork to change the way that gamers experience their favorite hobby, and following the recent release of the detailed whitepaper that revealed the Metacade team’s lofty ambitions to build the largest play-to-earn (P2E) arcade in the world to allow gamers to earn rewards, the project has continued to attract attention.
Analysts are so excited about the Metacade vision in part as a result of the extensive rewards system, which ensures that the platform caters to a wide range of different gaming styles. This means that whether gamers prefer solo play or testing their skills against the best the Metacade community has to offer as they battle their way to the top of the leaderboards, Metacade has them covered. This gives the project a huge total addressable market (TAM) of all 3 billion gamers.
Metacade’s design also, innovatively, goes beyond rewards for game playing and incentivizes the constant improvement of the user experience through the use of rewards for positive activities like sharing alpha and writing game reviews.
Why should you invest in Metacade?
Metacade’s utility token MCADE, is critical to the functioning of the platform and so provides investors with an opportunity that will be heavily impacted by the expected growth in user numbers over 2024 and beyond, leading many to consider MCADE among the best cryptos to buy right now.
The project is also built on the Ethereum blockchain, which allows it to benefit from the built-in security of the proof-of-stake chain. The Ethereum network is also the most reliable, allowing users and enabling developers to be confident in the uptime of the chain.
The huge potential of bringing the benefits of decentralized finance to gaming can be seen in the project’s results so far. Metacade has already built relationships with a number of gaming partners, including Heroes Battle Arena and is currently offering its second staking pool.
The MCADE token is listed on a number of exchanges, including BitMart and Uniswap.
7. Binance Coin - Enjoying the backing of a big centralized exchange
What is Binance Coin?
Alongside Binance being the most dominant of all the centralized exchanges and boasting the most global trading transactions among crypto exchanges in the space, the company has also made significant efforts to develop the Binance ecosystem, which includes its own blockchain, the Binance Smart Chain, powered by the native token, BNB.
The Binance Smart Chain boasts a great deal of support from Binance, and although the chain is considered more centralized than many others, the low transaction fees (it can cost as little as $0.02 for a single transaction) coupled with fast block times have made the chain very popular with many fledgling projects, from meme coins to decentralized exchanges.
By offering the functionality to support smart contracts, the Binance Smart Chain has seen a great many decentralized finance, meme coin and non-fungible tokens go live
Why should you buy Binance Coin?
By offering the functionality to support smart contracts, the Binance Smart Chain has seen a great many decentralized finance, meme coin and non-fungible tokens go live on the chain, and with incredibly low gas fees, it is likely to be a popular destination for many projects in the future.
Binance also allows users to earn rewards for staking their native currency, BNB tokens, and with a dedicated community, it could have a bright future ahead. With Binance helping grow the crypto industry and offering a secure and low-cost route to market for developers, it could provide strong returns for investors despite its already high market capitalization, making it a good candidate for the best cryptocurrency to buy for conservative investors.
8. Ethereum - The creator of smart contracts
What is Ethereum?
Ethereum followed soon after Bitcoin and revolutionized the breadth of the crypto industry by bringing the breakthrough of smart contracts to the masses. The Ethereum project utilizes blockchain technology and smart contracts to meet a huge range of different use cases — from meme coins to decentralized finance.
The Ethereum blockchain has now moved to a proof-of-stake consensus model, with the native token ETH used to validate transactions. This move from proof-of-work was completed in 2022 and also paves the way for lower transaction fees in the future.
The number of decentralized applications on the Ethereum blockchain continues to grow, and so it’s no wonder that ETH has been among the best cryptos to buy for many years.
Why should you buy Ethereum?
The market capitalization of Ethereum is second only to Bitcoin, and this has led many to believe that it’s difficult to suggest that ETH is the best cryptocurrency to invest in due to the lower potential for huge returns versus projects in an earlier stage.
However, with the Ethereum blockchain being used for more and more big use cases and regulation providing a green light for TradFi investors this year, we could see a surge of funds into the Ethereum network, which could mean that the market capitalization still has some way to go — provided the team can keep gas fees low.
9. Bitcoin - Best choice for digital currency
What is Bitcoin?
Ever since it was created back in 2009 by the pseudonymous Satoshi Nakamoto, Bitcoin has defined the industry and steadily grown in popularity despite all odds.
Bitcoin is the largest cryptocurrency and uses blockchain to record and verify transactions, and as it operates without a central authority or middleman, it is considered to be a ‘peer-to-peer’ payment system. Transactions using Bitcoin are processed by a network of nodes that communicate with each other and maintain a shared ledger of transactions, and it's very easy for anyone to start a node to help secure the Bitcoin network.
Bitcoin’s limited supply of 21 million bitcoins is a defining feature of the digital currency, and this limited supply creates a scarcity that has driven a lot of Bitcoin’s price action over the years. This is enforced by the underlying code, which sets the rate at which new bitcoins are created through block mining, and the total number of bitcoins that are ultimately possible to mine.
Alongside being a means of payment, Bitcoin is also known for its potential as a store of value. It has been compared to digital gold due to its limited supply and potential to serve as a hedge against inflation. It’s also inspired many of the projects in the crypto space, with the likes of Litecoin considered to be the silver to Bitcoin's gold.
Many BTC holders see the project as one day replacing fiat currencies entirely, and so are holding for the long term, whether on a centralized exchange, a hardware wallet or holding the private keys themselves.
Why should you buy Bitcoin?
Bitcoin no longer sees the same level of extreme volatility that it once did, but that doesn’t mean that Bitcoin can’t still produce solid returns for investors. BTC could see movement this year as regulation kicks in and increases the likelihood that a US Bitcoin ETF gets approved.
While many investors prefer projects that are at a much earlier stage, such as an initial exchange offering or even earlier. Although Bitcoin mining is now difficult, BTC is likely to remain one of the best cryptos to buy and continue to lead the cryptocurrency market.
10. Filecoin - Best cryptocurrency for decentralized file sharing
What is Filecoin?
Filecoin is a cryptocurrency project that runs a decentralized storage network, allowing files to be stored in a highly secure way without the need for centralized servers. Cryptocurrency investors consider Filecoin to be the leading Web 3.0 storage infrastructure cryptocurrency on the market, and the current price and market cap reflect the potential that the project holds.
The project boasts a set of economic incentives that ensures storage providers follow the rules, and the project currently handles nearly 500 petabytes of data for clients.
Why should you buy Filecoin?
Filecoin is a great example of a token that could underpin the future of the crypto market, Web 3.0 use cases and a decentralized internet. If the project is able to demonstrate its ability to continue to scale, it could see the price of FIL rise as a result of the growing use of the project’s technology.
While many other crypto assets offer little utility, Filecoin’s use of the FIL token puts it ahead of many other cryptos and even some of those with higher market caps. This could mean a 2-3x for FIL wouldn’t surprise analysts as growth in Web 3.0 continues.
11. The Graph - Best for stored blockchain data
What is The Graph?
The Graph token has positioned itself as one of the crypto assets that support the future infrastructure of Web3, with the project using native token GRT to enable a layered system of blockchain data indexing and retrieval. This functionality is crucial for projects looking to use data stored on many different blockchains, and The Graph is looking to make accessing that data simple and effective for its users.
Use cases for The Graph should expand significantly as interest in blockchain data grows. This could be to keep track of virtual plots of land in blockchain games or market analysis of liquidity levels across many different decentralized protocols.
Why should you buy The Graph?
Web 3.0 infrastructure are top candidates for best crypto to buy, and although they are usually long-term investments, they are a good component of balanced crypto portfolios. GRT is likely to take many years to see strong returns, it is playing a vital role in the future of the industry.
As more and more projects go live in Web3, from supply chain monitoring to play-to-earn platforms, The Graph will see its user base continue to increase. If the project is able to build the right incentives through the changing landscape, then it could see big returns, in the range of 3-4x, for holders.
12. Dogecoin - Best crypto to invest in for memes
What is Dogecoin?
Dogecoin was a cryptocurrency created as a more fun and accessible alternative to Bitcoin, and although it began as a joke, it has built a community that is among the strongest in the crypto world. The project sees itself as a viable digital currency and has been championed as the best crypto to buy by its dedicated followers for many years now.
The technical development of the project has continued following a long pause, and this could help Dogecoin branch out into more use cases and even deliver its own blockchain smart contracts.
Why should you buy Dogecoin?
There are rumors abound that Dogecoin could switch to proof-of-stake in the future, which could mean much less resistance from those concerned with the environment and give the project another boost.
When looking for the first crypto asset to invest in, Dogecoin is often a strong choice due to its accessibility, and so as crypto assets become more mainstream, we could see Dogecoin surge in trading volumes as the highly volatile cryptocurrency is picked up either as a long-term investment or just for fun.
Returns are always likely to be higher on new crypto projects, but the Dogecoin chain’s native cryptocurrency DOGE is going to be here for the long run, especially if it is able to unlock smart contracts in the future.
Conclusion - What is the best crypto to buy right now?
While there are many projects that could move cryptocurrency prices and produce big profits for investors this year, Bitcoin Dogs is a clear favorite as the best crypto among crypto market experts. With the huge potential that the project holds alongside the highly discounted token prices available during the popular presale, it’s an obvious choice for those investors focused on finding the best cryptocurrency on the market for maximizing their profits and crypto portfolio this year.
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Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.))
