10 of the Best Cryptocurrency Investments for the Rest of 2024

Cryptocurrency

With less than half of 2024 left, the cryptocurrency market has seen a lot of price rises and drops, as well as significant news, and major movements from whales and even global governments. 6 months is a long time in the crypto world and there’s still more than enough of 2024 left to find some potential profits.

As well as some well-established coins with solid use cases and potential for gains, there are imminent launches of new coins that have the potential to break out and make big moves. Below, we look at 10 of the best cryptocurrencies to add to your watchlist.

Always do your own research before investing in any cryptocurrency because, while they do have the potential to make big gains, they can also make substantial losses, and that’s especially true of smaller tokens.

Tether (USDT)

Tether won’t necessarily net any profits, but because it is tied to the value of the US dollar, it also won’t lose you any money apart from a small amount in transaction costs. It is a good on-road to cryptocurrency because it retains its value.

Many crypto investors use Tether to buy the coins they want to invest in, and it offers the same anonymity, privacy, and decentralized benefits as other cryptocurrencies.

Tether also made the move to The Open Network recently, according to crypto expert Michael Graw, which it did to improve liquidity and transactions, and it remains one of the most popular payment options on casino websites that accept cryptocurrency payments.

Other stablecoins worth consideration include:

  • USDC (USDC)
  • Dai (DAI)
  • First Digital USD (FDUSD)
  • USDD (USDD)
  • TrueUSD (TUSD)
  • The Open Network (TON)

The Open Network has enjoyed an explosive year, so far. As well as seeing Tether move to its blockchain, Telegram also announced a revenue-sharing deal that uses the TON coin as payment, making it a top crypto to buy now.

These moves, along with positive crypto sentiment during the second quarter of the year, have seen its price rise from around $2.30 at the start of the year to reach an all-time high of nearly $8.20 in June. TON is currently trading at around $7.30 and if Bitcoin continues its rally of recent weeks, the coin could see further gains throughout the year.

Further moves to bring other coins onto its network will likely also see additional boosts to the price.

Bitcoin (BTC)

The entire cryptocurrency market is largely beholden to the performance of Bitcoin. If Bitcoin sees significant drops, it tends to take other coins with it. When BTC prices idle or see a steady incline, this is the opportunity for altcoins to move.

It is also the best known of cryptocurrencies which means it is the one that new investors are most likely to put their money in. And that is especially true since the introduction of Bitcoin spot ETFs, which launched at the beginning of the year. Many investors consult bitcoin broker UK for guidance in navigating these opportunities.

Bitcoin is accepted by companies like Microsoft and many analysts point to a 2024 high of $100,000 with further gains likely in 2025. Many large investors hold at least a portion of their cryptocurrency portfolio in Bitcoin.

Ethereum (ETH)

Bitcoin’s ETF launch in January 2024, came after ten years of wrangling between crypto companies and the SEC. It eventually took a US court ruling for the SEC to rubber stamp the financial products, and it certainly had an impact on Bitcoin’s prices in 2024.

Ethereum, which remains the second largest cryptocurrency with a market capitalization of roughly a third of Bitcoins, is set to see its own spot ETFs launch imminently after the chair of the SEC admitted that the Bitcoin court ruling was likely to hold for Ethereum, too.

The new ETFs could see Ethereum’s prices rise similarly to Bitcoin’s, although experts warn that the ETF inflows for Ethereum will be proportionately smaller so gains may not be as significant.

Solana (SOL)

Solana launched in 2020, and within four years it has gone on to become the 5th largest cryptocurrency by market capitalization, behind Bitcoin, Ethereum, Tether, and Binance.

The network is used for a host of different projects but its launching of hundreds of meme coins has made it especially noteworthy in 2024. Transactions are blisteringly fast and have very low fees, which makes it an attractive prospect for network users.

And Solana is hotly tipped to be the next cryptocurrency to get its own ETFs once ETH products hit the market. Any news or rumors surrounding impending ETF launches will likely give the Solana koers (price) a major boost.

Dogecoin (DOGE)

It started as a light-hearted, tongue-in-cheek to Bitcoin, and it has been derided by many investors, commentators, and financial experts. But, the fact is, DOGE has not only stood up to the criticism it has rocketed despite having no real utility.

While it doesn’t have the utility to underpin its value, DOGE has become a popular means of accepted payment. It can be used to buy products on the Tesla website, albeit not as a means of buying cars themselves. And it is very popular with real money online casino websites.

Dogecoin is billed as being the first meme coin, and its insanely strong social media and community following has seen it become one of the ten largest cryptocurrencies by total market capitalization. Potential investors ignore Dogecoin at their peril.

Avalanche (AVAX)

Avalanche might not be the best-known cryptocurrency but it currently sits above the likes of Chainlink, Bitcoin Cash, and Litecoin in market capitalization. It offers fast transactions as well as scalability, and it is becoming a popular alternative to Ethereum for dapp and defi product scaling.

Ava Labs, the team behind Avalanche, claims it is the fastest smart contract blockchain in the world measuring time to finality, which means it will likely continue to enjoy popularity in the coming months.

Cosmos (ATOM)

Cosmos has been billed as the Internet of Blockchains as it aims to connect various blockchains together and allow them to communicate.

This target of interoperability means that Cosmos has the potential to negotiate and announce multiple deals with other blockchains, and such announcements have the potential to lead to big price increases.

ATOM has a market capitalization of $2.5 billion so is relatively small compared to the likes of Ethereum, but it has the potential to grow much larger.

99Bitcoins

99Bitcoins is currently in the presale stage, which means it doesn’t yet exist as a cryptocurrency. Presales do carry an extra level of risk compared to well-established coins, but when they hit exchanges, they really have the potential for prices to rocket. This potential leads speculative investors to look for the next 100x token.

99Bitcoins itself, though, isn’t new, and they have been around since 2013 as an educational and informative platform. The new token, when it launches, will be a learn-to-earn token, rewarding users who take courses and complete educational quizzes. It has already raised several million dollars in presale.

PlayDoge

Another token currently in presale is PlayDoge. PlayDoge has now amassed more than $6 million in presale, which is impressive and suggests that the play-to-earn token should do well when it hits major exchanges.

The token itself will be used by players of a Tamagotchi-style game that requires users to care for and level up their digital pets. It’s going to prove popular with nostalgic lovers of retro 1990s style toys and that could be enough to give it a real boost at launch.

FAQs

Which cryptocurrencies have performed best so far in 2024?

Of the top 100 cryptocurrencies, the best performers, including their Year To Date increases, have been:

  • Mog Coin (MOG) – +5,000%
  • MANTRA (OM) – +2,100%
  • dogwifhat (WIF) – +1,500%
  • Pepe (PEPE) – +830%
  • FLOKI (FLOKI) – +430%

All of these coins, apart from MANTRA, are meme coins, showing how strong a year the meme sector has had within cryptocurrency. The Open Network (TON) has performed best of the 10 largest cryptocurrencies. Its prices have risen 200% since the start of the year.

When will Ethereum ETFs launch?

The SEC greenlit the launch of ETH ETFs in May 2024, and funds have been submitting applications since. Although no applications have officially been accepted at the time of writing, reports suggest that the SEC is likely to accept as many as 8 applications on July 22, 2024, and the financial products could launch as early as July 23.

More ETFs will likely launch in the following months, and this could lead to price increases and an increase in Ether’s market share.

What price will Bitcoin reach in 2024?

It is impossible to say with any certainty what price Bitcoin will reach in 2024. However, over the past few months, it has endured government movements and subsequent sales of substantial amounts of seized Bitcoins, as well as the start of Mt. Gox Bitcoin payments to creditors.

Although BTC prices did suffer a slight dip as a result of these actions, it is still potentially heading towards an all-time high by the end of the year. Some analysts have said they expect the price to reach $100,000 by the end of the year and that they believe $150,000 is attainable in 2025.