Cryptocurrencies have been around since 2009, meaning that they belong to the newest asset group in the market. The fact that they are being traded in a short period of time makes them the riskiest investment too. However, many cryptocurrencies have proven to be quite profitable, bringing early investors huge returns. Though still many cryptos are highly speculative and involve risks, you can find several projects worth investing in if you explore the market carefully.
We have done thorough research about the most profitable crypto to buy in 2024 and introduced the results in this guide. Read on to find out our top ten picks and their reviews to better understand and select which coin you want to buy. The guide also provides useful information about which factors to consider if you want to buy coins, when to buy them and how to invest in profitable cryptocurrencies.
Top 10+ Most Profitable Cryptocurrency Projects of 2024
Based on the detailed research of the cryptocurrency market conducted by our specialists, we have picked these eleven projects as the most profitable cryptos to buy in 2024.
- Pepe Unchained – Profitable Crypto Project With an Exciting Storyline
- Crypto All-Stars – Presale Speculated By Memecoin Enthusiasts to be Profitable
- The Meme Games – Potentially Profitable Olympics-Themed Memecoin
- Shiba Shootout – High Potential Memecoin With Utility
- Base Dawgz – Pioneering Fusion of Multi-Chain Function and Meme Popularity
- Mega Dice – Quickest Growing Online Crypto Casino
- Binance Coin – Cryptocurrency that Supports One of the Most Popular Crypto Exchanges
- Cardano – Smart Contract Blockchain with Successful Adoption
- Bitcoin – Most Profitable and Well-established Crypto Project
- Ethereum – Second Largest Cryptocurrency with Huge Potential to Grow
- Dogecoin – Popular Meme Coin with Huge Support on Social Platforms
Reviewing the Most Profitable Cryptocurrency Coins
It is an excellent time to invest in the cryptocurrency market, as prices are dramatically down right now. Apart from the highly popular crypto assets with a price history to prove their durability over the bear market, there are also a couple of new projects to buy in the presale. If you want to take advantage of the bear market and add some exciting projects to your portfolio, here are the 11 most profitable cryptocurrencies to buy in 2024.
Pepe Unchained – Profitable Crypto Project With an Exciting Storyline
Pepe Unchained ($PEPU) is an innovative memecoin project aiming to combine the viral appeal of Pepe-themed tokens with real utility. The project’s main goal is to develop its own Layer 2 blockchain on Ethereum, potentially offering transactions up to 100 times faster than the Ethereum mainnet.
$PEPU tokens will be usable on both Ethereum and the upcoming Pepe Chain, enhancing their versatility. The project has gained significant traction, with its presale raising over $400,000 shortly after launch. Early investors can benefit from double staking rewards during the presale period, with APY rates reaching as high as 9000%.
Pepe Unchained has a total supply cap of 8 billion tokens, with 30% reserved for staking rewards. The project’s ambitious roadmap includes potential developments in meme NFTs and DeFi protocols centred around popular meme characters.
99Bitcoins has discussed this project, highlighting its 10x potential.
While still in its early stages, Pepe Unchained’s unique approach of combining meme appeal with blockchain innovation has piqued investor interest. However, as with all cryptocurrency investments, potential buyers should conduct thorough research and consider the associated risks before participating.
Crypto All-Stars – Presale Speculated By Memecoin Enthusiasts to be Profitable
Projects with memecoin elements frequently attract massive profits due to their community-centric nature, and Crypto All-Stars is designed to leverage this advantage by bringing together multiple memecoin communities into one unified platform. This inclusive approach has already positioned the project as a promising investment choice.
One of Crypto All-Stars’ most important offerings is its MemeVault, which allows users to stake a diverse selection of popular memecoins, including Dogecoin, Shiba Inu, Floki Inu, Pepe, Based Brett, Mog Coin, Milady, Turbo, Toshi the Cat, Coq Inu, and Bonk. By offering a platform where investors can stake these tokens, Crypto All-Stars not only attracts users from various memecoin communities but also provides a source of passive income through staking rewards. Additionally, the STAS token, which is central to the ecosystem, offers staking returns that are three times higher than those from the MemeVault, enhancing its appeal for maximizing profits.
The project’s tokenomics are structured to support long-term growth and stability. With a total supply of 42,069,696,969 STARS tokens, allocations include 25% for staking rewards and the MemeVault, 20% for the presale, and 10% reserved for liquidity on exchanges. This thoughtful distribution helps sustain the project and supports its expansion.
As Crypto All-Stars continues to gain traction, potential exchange listings could further boost its visibility and market value. Combined with its staking opportunities and growing community support, Crypto All-Stars could be a highly profitable project worth considering as an investment in the current market setting.
The Meme Games – Potentially Profitable Olympics-Themed Memecoin
Profitable projects often require a blend of creative design, trendy meme elements, and a compelling concept that can attract investors. The Meme Games is one of them, offering a distinctive and engaging investment opportunity that stands out in the crowded memecoin market.
The design of The Meme Games is centered around the Olympic Games, featuring five popular memecoin mascots like Pepe and Shiba Inu. These mascots compete in various virtual sports events, creating a lively and entertaining environment that appeals to a broad audience. This imaginative approach not only captivates users but also leverages the excitement surrounding the actual Olympics, making it a timely and relevant project.
During the presale, investors can bet on their chosen mascots to win in the virtual sports events. Winners are selected at random, and if an investor’s chosen mascot wins, they receive a 25% bonus on their purchase. This unique feature not only adds an element of excitement but also incentivizes repeated participation, encouraging a more active and engaged community.
Staking is a significant feature of The Meme Games, providing investors with a way to earn passive income. The project offers exceptionally high APY rates exceeding 2000%, making it an attractive option for those looking to maximize their returns. Early adopters, in particular, stand to benefit from these high rates which means that each investor will be able to enjoy a source of passive income simply by staying invested.
Shiba Shootout – High Potential Memecoin With Utility
By combining the widespread appeal of the Shiba Inu meme and the Wild West theme, the Shiba Shootout project has captured the interest of a diverse audience. This cultural fusion not only enhances its market appeal but also establishes a strong community base, fostering demand and liquidity.
Key to its investment appeal are the innovative utility features offered by Shiba Shootout. These include decentralized decision-making through Token Governance Roundups, community growth incentives via Posse Rewards, and engaging activities like Lucky Lasso Lotteries and Savings Saddlebags. These utilities not only encourage active participation but also contribute to the token’s utility and long-term value.
Looking forward, Shiba Shootout’s roadmap outlines strategic milestones such as upcoming exchange listings and the launch of its gaming ecosystem. These developments are expected to amplify its visibility and market presence, potentially driving significant price appreciation. As a result, investors are eyeing Shiba Shootout as a promising opportunity for potential profit in the competitive landscape of meme-based cryptocurrencies.
Base Dawgz – Pioneering Fusion of Multi-Chain Function and Meme Popularity
Base Dawgz emerges as one of the most profitable cryptocurrencies in 2024, tailored for enthusiasts drawn to creativity and exploration. This project pioneers a distinctive multi-chain journey spanning Avalanche (AVAX), Binance Smart Chain (BSC), Solana (SOL), and Ethereum (ETH), offering seamless interoperability across blockchains.
Built within the rapidly expanding Base chain ecosystem, which swiftly surged to a market valuation surpassing $2 billion, Base Dawgz also leverages the popularity of meme coins in the community. The $DAWGZ token’s utility is amplified by the Portal Bridge infrastructure that uses Wormhole to facilitate secure cross-chain asset transfers. This ensures a frictionless user experience.
Security stands paramount in the Base Dawgz ethos. Demonstrating unwavering commitment to professionalism and safety, the project subjected its smart contracts to rigorous audits conducted by the esteemed blockchain security firm, Solid Proof.
Community engagement takes center stage through the Share-to-Earn initiative, empowering users to generate $DAWGZ content across social media platforms and earn tokens exchangeable for points. Additionally, the future staking mechanism promises rewards for simply holding $DAWGZ tokens, fostering long-term investment.
The official Base Dawgz whitepaper outlines a structured presale strategy, with token prices set to increase by 5% every seven days. Anchored by an ambitious target of $8 million, the current presale price of $0.00479 presents early investors with an enticing entry point into the ecosystem.
Mega Dice – Quickest Growing Online Crypto Casino
Mega Dice is an online gambling platform recently touted as the fastest-growing crypto casino. For starters, its presale has amassed over $300,000 in a single day. It is also the first legally recognized casino to launch on the popular Telegram network.
The Curacao-licensed platform has drawn in over 50,000 players so far with its cryptocurrency casino and personalized sportsbook offerings. It also features over 5,000 titles from well-known publishers, such as Evolution and Pragmatic Play. Mega Dice also focuses on an easy-to-use interface for players, offering easy browsing and eye-catching promos. The welcome package of up to $500 includes free spins and deposit bonuses.
Now, with the launch of its native token, $DICE, Mega Dice is opening new opportunities for deeper customer engagement and higher revenue growth. $DICE will be fully integrated with the Mega Dice ecosystem down its development roadmap. Mega Dice will then be able to share its successes with its community of token holders through airdrops, staking, NFTs, and other rewards. The platform is integrating these rewards into its core functionality, all made possible by the transparency and adaptability of decentralized networks. With its remarkable presale numbers, strategic roadmap, and lack of KYC hassles for playing games, Mega Dice is undoubtedly positioning itself for the long run.
Binance Coin – Cryptocurrency that Supports One of the Most Popular Crypto Exchanges
WSM and Deelance are among the newest cryptocurrencies in the market that have the potential for growth in 2024. Now, let’s take a look at some of the most well-established coins that have been traded for a relatively long period. Binance Coin is among the most popular cryptocurrencies that you can buy during the bear market.
It’s the fourth largest crypto with a market capitalization that only ranks behind Bitcoin, Ethereum, and USDT. As the coin name’s hints to us, Binance Coin is designed to serve one of the leading crypto exchanges in the world. The initial coin offering of the BNB took place before the launch of the Binance exchange and is intended to raise capital for the exchange. The team managed to raise $15 million in BTC and ETH selling 100 million BNB at $0.15 each.
Initially, Binance Coin was based on the Ethereum blockchain and was meant to give fee discounts for traders on the Binance exchange. Later, Binance created its own blockchain calling it the Binance Chain. Eventually, BNB has become the native token of the Binance Chain, and its use cases have extended too. BNB can also be used to pay for the transaction fees on the Binance exchange.
Additionally, BNB is accepted as a digital asset and can be used by merchants to pay for different goods and services. The coin is used in different industries to pay for travel bookings, entertainment, online and financial services, etc. Two main important factors that can influence the price of the token are the popularity of the exchange and the coin’s decreasing supply.
Binance is the largest crypto exchange with trading volume, and it has millions of active users. The popularity of the BNB is correlated with the popularity of the exchange, so its demand is likely to increase if more people use Binance. The second factor is that Binance is a deflationary coin, and each quarter, the team buys a certain amount of the tokens to burn them and reduce the supply.
Your capital is at risk.
Cardano – Smart Contract Blockchain with Successful Adoption
Cardano is a programmable blockchain platform that developers can use to build decentralized apps, games, and digital tokens. One of the unique things about Cardano is that the whole project is based on scientific research. It uses the same consensus mechanism as Ethereum, which is called Proof of Stake.
The family of PoS consensus mechanisms used by Cardano is called “Ouroboros” and it is meant to provide a sustainable, flexible, and scalable blockchain. This makes Cardano one of the most successful crypto projects and one of the largest digital coins with its market capitalization. The project has a native token – ADA, with a maximum supply of 45 billion tokens.
As the main currency of Cardano’s network, ADA plays a major role within its ecosystem. It is used as both a utility and a governance token. First of all, ADA is used to pay transaction fees on Cardano’s blockchain. The token is also used to store value to send and receive payments.
Additionally, ADA can be staked to generate rewards and contribute to the network’s safety. As a governance token, ADA grants voting rights on Cardano’s projects. Unlike other well-established projects such as Bitcoin and Ethereum, ADA is quite affordable, with each token being traded at $0.314. So, it is an excellent option to add to your crypto portfolio with a promising project and good price history.
Your capital is at risk.
Bitcoin – Most Profitable and Well-established Crypto Project of All-Time
Bitcoin is the first, most successful, and most profitable cryptocurrency of all time. It has the longest price history that proves how this cryptocurrency has successfully experienced all the bear markets and increased in value, hitting all-time highs. Founded in 2009 and being traded at below $1, Bitcoin’s value has increased by millions of percentage points over time.
Bitcoin hit its last all-time high before the bear market and reached $68.000. Now the coin is traded at $19,000, which makes it the most valuable coin. Due to its scarcity, Bitcoin is also the largest crypto with a market cap of $336 billion. What makes Bitcoin so valuable? First, it is the first cryptocurrency in the market that has created a buzz and garnered popularity.
The second thing that influences Bitcoin’s value is its scarcity. Only 21 million Bitcoins can be mined in history, more than 91% of which are already mined and in circulation. The number of BTC that can be mined is reducing, making it even harder to issue new coins. This makes the mining process of the coin quite difficult and costly. The high demand for the coin and its super scarcity are the main things making Bitcoin so valuable.
Apart from it, Bitcoin has real-world value. It is a payment method that can be used to send money fast, securely, and without the involvement of a third party. Many companies, shops, and markets use Bitcoin as a payment method so people can buy goods and services in BTC too. However, investing in Bitcoin is reasonable in the long-term perspective as it does not have massive price fluctuations in the short term.
Your capital is at risk.
Ethereum – Second Largest Cryptocurrency with Huge Potential to Grow
Though Ethereum is one of the most valuable and less volatile cryptocurrencies in the market, it can be one of the most profitable ones in 2024. It is one of the pioneers of the DeFi industry and has been launched to prove that cryptocurrencies can be far more important than simply being a payment method. The project started in 2014 with an ICO where the native token, ETH was valued at $0.30.
During the bull market of 2021, Ethereum hit its all-time high, almost being traded at $5000, which means that the coin’s value increased by hundreds of times. The coin’s value suffered massively during the last bear market, and it is now traded somewhere at $1300. But Ethereum is considered one of the well-established cryptos in the DeFi industry with a huge potential for growth in the future.
ETH is based on the ERC-20 token standard, and it is the main currency within Ethereum’s ecosystem. It is used to pay for gas fees when you make transactions on the platform hence owning ETH tokens is mandatory if you want to use its platform. The greatest thing about Ethereum is that it is one of the leading programmable platforms which developers can use to build their apps and tokens. And most of the projects in the DeFi are built on Ethereum’s network.
Another great news about Ethereum is the Merge that has taken place recently. The project has joined its original execution layer with a new and more environmentally-friendly consensus layer – Proof of Stake. This will bring some improvements to the project reducing the gas fees and making it more scalable.
Your capital is at risk.
Factors to Consider When Choosing to Invest in a Cryptocurrency
The volatility of the cryptocurrency market makes it challenging to find out the most profitable cryptocurrencies and predict which coins can perform well in the near future. How to know which coins are worth investing in, and what factors to consider when selecting a cryptocurrency to buy? In this section, we have shed some light on the factors you need to consider when choosing to invest in a cryptocurrency.
Past Performance
One of the main things to pay attention to when selecting a cryptocurrency is its price performance. Exploring their price history will give you a clear idea of how the coin went through the bear markets and whether it recovered after the market crashed or not. Some of the most profitable coins in our list have not gone through the bear markets yet you will need to use other factors to predict their profitability.
However, the well-established ones, including Bitcoin, Ethereum, Dogecoin, and others, have experienced several bear markets so far and have recovered their value after the high losses. That’s why these coins are likely to recover from the market crash again and even hit another all-time high.
Real World Use
Investing in new cryptocurrencies is an excellent idea because you buy them when they are traded at their lowest value and can benefit when the prices increase. But in this case, you can’t check their price performance and use this factor to select profitable crypto. There are other factors to consider, though, and one of them is their utility cases.
If the token has real-world uses other than simply being an asset to buy and sell, it has a more long-term perspective compared to others. WSM, and TG.Casino are all new crypto projects with their native tokens used for different purposes within their ecosystem. And to use their platforms, users may need their native tokens, which is another factor that can influence their demand.
Token Total Supply
Obviously, the scarcity of the product and its high demand creates high value. So, the total supply of the token can be another indicator to pay attention to when selecting a cryptocurrency. Tokens with a limited supply have a better chance to increase in value if their demand grows. It is also a good idea to check what percent of the token’s total supply is planned for the presale stage, what percent is already in circulation, etc.
Project Vision and Roadmap
Eventually, when it comes to selecting a new cryptocurrency to buy, it is highly recommended to explore their future plans and roadmap. It will indicate what updates and upgrades the project plans to hold in the future. The new features or upgrades can highly affect its value and raise it in the case of a successful launch. Besides, it is a good idea to explore the roadmap of the cryptocurrency to see whether it has a development strategy or is simply designed for speculations.
What is the Best Time to Invest in Profitable Cryptocurrencies?
Most of the success in buying the most profitable cryptocurrencies also depends on when you buy them. The market is quite volatile, and there are always ups and downs in their value. Below you will find out how to understand the best time to purchase cryptocurrencies.
Investing as Early as Possible in Presales
Cryptocurrency presales are quite common now, and they are beneficial for both parties. It enables the owners to raise extra capital and use it for the development of the project. Meanwhile, traders get the chance to invest in new tokens at their lowest price and benefit when the crypto enters the market and increases in value.
Buying the Dip
Another opportunity to get cryptocurrencies at a low price is buying the dip. During the bear market, the whole crypto market experiences a downfall, and traders use this time to invest in the market. This is a normal period in the cryptocurrency market, and it does not mean that it will crash completely. But the problem is that not all assets can recover after the crash, and you need to be sure to invest in promising ones and not speculative ones.
Relevant Market News – Merges, Forks, etc
You can also follow the news and check if there will be any upgrades, forks, or merges related to a certain cryptocurrency. The major events can also lead to price changes and bring you good returns if you invest at the right time.
Most Profitable Cryptos to Mine
Bitcoin is one of the most profitable cryptocurrencies to mine, but the costs of mining Bitcoin are quite high. As Bitcoin works on the Proof of Work consensus mechanism, you need to run your computer regularly to solve hard computational tasks and contribute to the network by mining a new block.
However, mining Bitcoin has become an extremely difficult task due to its low supply. As the supply of BTC that can be mined each year is reducing, miners use sophisticated computers and spend huge electricity power on Bitcoin mining. Anyway, you need to consider that the costs of mining Bitcoin are quite high, and it includes spending a lot of money on setup, technology maintenance, and electricity bills.
On the other hand, Ethereum and other projects using ERC-20 token standard offer some rewards through staking. Projects working based on the Proof of Stake protocol enable you to lock up a certain number of your coins for a particular time, contribute to network safety, and be rewarded with new tokens.
How to Trade Profitable Cryptocurrencies
In this section of the guide, we will walk you through the process of buying one of the most profitable cryptocurrencies – $BTCMTX. This crypto is in the presale stage so the process varies from the CEX trading. Here is how you can start buying it.
- Step 1. Create a Digital Crypto Wallet – When the cryptocurrencies are in the presale stage, they are not listed on centralized exchanges, so you need to buy them directly from their platform. You must have a digital crypto wallet to connect it to the platform and use its funds to purchase the coin. Hence, your first step is to find a reliable crypto wallet, such as Metamask.
- Step 2. Buy ERC-20 Tokens – To buy the crypto obviously, you will need to have some other tokens on your wallet that are accepted by the platform.
- Step 3. Connect Your Wallet – When you have a digital wallet with ETH or USDT coins, the next step is to visit the website with the presale. Next to the presale announcement, you will see the “Connect Wallet” button, which you need to click and start the process of connecting.
- Step 4. Buy $BTCMTX – Once your wallet is connected, you can start buying the available coins on presale. To proceed with the contract, select which tokens you want to use to buy these tokens and fill in the number of tokens you want to buy. After finishing the transaction successfully, you need to wait until the coin goes official, and you will receive your tokens.
Conclusion
In this guide, we have discussed a mixture of projects that could each be the next most profitable cryptocurrency this year and some well-established projects that have already delivered high profits. The new cryptocurrency projects included in our list have garnered popularity in the last year and are currently in their presale stages. It means that you have a chance to buy them at an extremely low price.
We consider Pepe Unchained to be the most profitable crypto to invest in due to its unique concept that fits perfectly with the ongoing trend within the crypto space.
FAQs
Which are likely to be the most profitable cryptocurrency tokens of this year?
While several cryptocurrencies have already experienced huge popularity and growth, several others are still in the early stages of development. Such projects as Pepe Unchained, and Mega Dice are in their presale stage, during which you can buy them at an extensively low price. However, once these coins become official and go through the CEX listing, they are very likely to explode in the upcoming years.
What is the most useful cryptocurrency in the market?
It is always a good idea to invest in a cryptocurrency with real-world use cases other than simply being a speculative asset to trade and earn money on price differences. Coins with utility usage have more potential for growth in the long term and involve lower risks when investing in them. For instance, Pepe Unchained is a great asset to invest in right now due to its unique concept.
What is the most profitable cryptocurrency to mine right now?
Though Bitcoin is the most valuable cryptocurrency right now, mining Bitcoin becomes harder and harder over time. The problem is that the amount of Bitcoin that can be issued every year is halved every 4 years. So, instead of spending too much time and money on buying expensive equipment to mine Bitcoin, you can simply stake your ERC-20 tokens for a particular time and earn rewards for your service.
