The world of cryptocurrency is a fast-moving and ever-evolving space, with new trends, technologies, and opportunities emerging every day. One popular strategy that is used by investors to increase their chances of seeing returns is to invest in the top cryptocurrencies.
Popular cryptos present a sound investment opportunity because they usually have positive market sentiment, a good online presence, an active community of supporters and strong fundamentals.
In this article, we will reveal the top 12 popular cryptos to consider in 2024. We will also take a look at how to find popular cryptos so that you can manage your portfolio and keep up with market trends.
Here’s an overview of 12 top cryptocurrencies to watch in April 2024.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
Popular cryptos are digital assets that have a high demand from investors. These tokens are sought after due to factors including price potential, use cases, social media hype and participation incentives.
Popular tokens are considered to be more stable than lesser-known projects. This is because trending tokens have a steady demand which reduces the chances of a sudden price drop.
Never the less, the demand for popular cryptos can be effected by market sentiment and crypto news which means investing comes with risk.
For a crypto to be classed as popular, there must be clear investor interest. Here are a few factors that signify the popularity of a cryptocurrency.
The most popular cryptos have high market capitalization, which can be viewed on platforms such as Coinmarketcap.
Market cap is a figure that reflects the total value of a cryptocurrency. It is calculated by multiplying the number of tokens in circulation by the price of each token. High market cap coins typically have a higher price per token. However, penny cryptos can also have a high market cap if there are enough coins in circulation.
The higher the market capitalization of a token, the more dominant it is considered to be in the market. Therefore, high market cap tokens often receive a strong demand from investors.
A substantial trading volume serves as an indicator of vibrant market participation and heightened enthusiasm surrounding a particular cryptocurrency.
You can view a token’s trading volume by looking at the live price chart. Most charting tools will provide information around the token’s 24 hour trading volume.
It is also helpful to look at the weekly and monthly trading volume to understand whether the token has sustained high volume for a substantial period of time.
The frequency with which a cryptocurrency is searched for online offers a momentary glimpse into the level of public curiosity and attention it commands.
You can use tools such as Google trends to find what tokens people are searching for and whether or not these trends are flukes or substantial market indicators.
If you notice that searches for a coin have been high for some time, this may indicate that the token is popular amongst investors.
The most popular cryptocurrency projects are covered by news outlets to ensure that they are providing the most relevant information to readers.
If an online news publication covers a particular token heavily, this could be a sign of peaked interest.
However, it is important to be aware of paid-for coverage that is used by new projects to promote crypto presales and upcoming icos. We recommend using reputable news sites when looking for potential cryptocurrency investments.
There are four main stages for a crypto asset to become a trending crypto coin: creation, development, adoption, and maintenance. The aim of each phase is to increase demand for the token, which will in turn increase it’s popularity and market value.
The most popular crypto tokens are assets that have utility, strong fundamentals, community support and good marketing efforts. Another factor that contributes towards the popularity of a crypto is scarcity – this is the case for Bitcoin which goes through a halving event every 4 years.
For a crypto to be popular, it must be adopted by a large number of investors. Hundreds of new tokens are released every week but only a small percentage of these manage to sustain long term interest.
Before making any investment decisions, it is wise to conduct thorough research into various new crypto projects, Below is a closer look at each of the top trending crypto mentioned above.
One of the defining features of a popular crypto in 2024 is the project’s social media presence. SPONGE token is a meme coin that took the internet by storm in 2023 and managed to pump 340% in 2023. The team drove value to the project through clever social media marketing which increased hype around the project as well as a sense of FOMO.
After the success of the V1 token, the development team have announced the migration to Sponge Token V2 – a second version of the meme coin that will bring utility to the ecosystem.
Sponge V2 Token will enable staking as well as participation in an upcoming P2E game that will reward players with crypto. The team hope to recreate the success of the V1 launch and will do this through similar marketing efforts as well as a staking mechanism that will prevent sell-offs.
Unlike the original coin, Sponge V2 Token has real-life use cases which make it an attractive investment. SPONGEV2 can be staked for passive rewards or used to access the Sponge Token play-to-earn game.
You cannot buy V2 Sponge tokens directly. Instead, you must earn them by investing in SPONGE and staking your tokens for V2 rewards. The V2 tokens will be released over a period of 4 years before being launched on tier 1 exchanges.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
Bitcoin Minetrix is the first stake-to-mine crypto project that makes it possible for anyone to mine Bitcoin tokens. The goal of the platform is to democratize Bitcoin cloud mining to address issues that currently persist in the space.
This includes making sure that rewards are fair, removing the intervention of a third-party, and reducing confusing processes to keep the system accessible.
The project’s presale was launched in September 2023 and attracted the attention of investors who wanted to fill their bags with Bitcoin before the upcoming halving. The having is set to take place in April which leaves only a few months to mine BTC tokens before their value potentially increases.
You can buy BTCMTX on the official website and start staking your tokens for cloud mining credits today.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
In the electric vehicle revolution, eTukTuk is pioneering in the developing world by introducing a range of affordable EV solutions for the region.
This popular cryptocurrency project had developed a groundbreaking three-wheeled electric vehicle to promote the transition from polluting tuk-tuks to the electric eTukTuk.
In addition, it plans to set up a network of charging stations to ensure accessibility for charging electric vehicles.
The presale of its native token $TUK has begun.
eTukTuk seeks to change dynamics through its affordable EV solutions. Investors can invest $TUK to participate in the AI-integrated e-mobility transformation.
Research has shown that tuk-tuks emit more carbon dioxide than conventional cars – making them a source of global air pollution. eTukTuk is the latest innovation to combat this problem with its groundbreaking three-wheeled zero-emission vehicle.
The eTukTuk sets a new standard in electric vehicle production as it enables local manufacturing, reducing vehicle production costs.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
Bitcoin is the pioneering cryptocurrency, often referred to as digital gold. It was the first cryptocurrency created and remains the most well-known and valuable.
Bitcoin facilitates direct peer-to-peer transactions, operates on a decentralized network, and has maintained its position as the leader in the cryptocurrency space due to its scarcity, enduring value, and significant influence on the development of cryptocurrencies as a whole.
Bitcoin is considered to be one of the best cryptos to invest in long term. This is because BTC is a hedge against inflation and can be used to store wealth over time.
Furthermore, experts believe that BTC is still hugely undervalued, with the next Bitcoin halving round set to occur in 2024. When halving happens, the price of BTC is likely to go up.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
USDT, or Tether, is a stablecoin that’s pegged to the US Dollar. It was created to provide stability in the volatile cryptocurrency market by maintaining a 1:1 value ratio with the USD.
USDT’s peg to the US Dollar addresses common concerns related to price fluctuations, which may be alleviated for traders by managing risks.
This stablecoin provides a bridge between the digital and fiat realms, allowing users to hold a stable representation of value. This offers traders, merchants and funds a low-volatility solution when exiting positions in the market.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Ethereum (ETH) is the native cryptocurrency of the Ethereum blockchain and the second largest crypto by market cap.
Within the Ethereum ecosystem, its purpose is to function as a utility token, enabling transactions and smart contract executions. Its smart contract capabilities revolutionize contracts by automating terms through code, allowing diverse decentralized applications on its network.
Ethereum’s adaptability goes beyond a means of payment, empowering developers to craft decentralized apps across sectors.
ETH may be used to pay for gas fees, secure the network through mining, and participate in various decentralized applications and financial services. It has gained a reputation for being a foundational element of the broader blockchain and cryptocurrency space and is considered a store of value and investment due to its appreciating worth.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges that is sued around the world. BNB is used by traders to lower exchange fees and earn rewards from staking.
One of BNB’s utilities is providing trading fee discounts on the Binance platform. When users pay their trading fees with BNB, they often receive a significant discount compared to using other cryptocurrencies or traditional payment methods. BNB also allows users to participate in token sales on the Binance Launchpad.
The Launchpad is a platform for new cryptocurrency projects to raise funds by selling tokens directly to the public. BNB holders can use their coins to purchase these new tokens during such sales.
Binance Coin’s multiple utilities within the Binance ecosystem make it an attractive investment opportunity. The token’s use cases mean that sell-offs are unlikely and demand for the asset will remain strong long-term.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Ripple (XRP) is a cryptocurrency and digital payment protocol that focuses on efficient cross-border payments using blockchain technology.
The Ripple blockchain is considered to be one of the most efficient options available due to it’s fast speeds and low costs. The network is powered by the native XRP token, which is used to pay for fees and execute transactions.
Unlike typical cryptocurrencies, XRP employs a consensus protocol for verification, allowing users to select trusted validators. This ensures speedy and secure transaction validation, setting it apart from cryptocurrencies like Bitcoin.
XRP is considered to be one of the best crypto investment opportunities in 2024 due to the fact that the token is currently very undervalued. This is due to the fact that Ripple Labs recently won a case against the SEC.
During the trial, the value of the token dropped alongside investor uncertainty. However, the recent victory has led many to believe that the value of the token will increase to reach it’s previous ATH.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Dogecoin (DOGE) was created in 2011 as a joke to troll the crypto market. The idea was to create a ‘pointless’ currency that would gain value from hype and community support to poke fun at the efforts of projects such as Bitcoin and Ether.
Unlike utility projects, Dogecoin has an intentionally inflationary supply. 10,000 new tokens are mined every minute. Furthermore, the coin has no real use cases.
Unlike Bitcoin, which was designed to be scarce, Dogecoin is intentionally abundant, with 10,000 new coins mined every minute and no maximum supply. Abundance is a key part of the idea—Dogecoin (pronounced “dohj coin”) was created as a funny, low-stakes Bitcoin alternative.
This cryptocurrency operates on a distinct blockchain, facilitating secure transactions through cryptography. The proof-of-work consensus requires miners to solve complex puzzles for transaction processing, which is beneficial to users as it helps them earn extra Dogecoin. While suitable for transactions, Dogecoin lacks a supply cap, making it less stable as a store of value.
It should also be noted here that meme coins are highly volatile. It is very common to see huge spikes and dips on price charts, making it difficult to predict future price movement.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Bitcoin Cash is a fork of Bitcoin that is used as a global payments system. The token was created to support a higher number of transactions per block, which speeds up the process of using digital currencies as payment.
BCH improves the process of using Bitcoin for payments which means that it could play a pivotal role when mass adoption occurs.
Bitcoin Cash isa popular cryptocurrency to buy due to its strong use cases and market capitalization of $4.6 billion. The token currently ranks number 20 by market cap.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
USDC is another stable coin that ranks number 7 by market cap. The token is a popular investment option in 2024 due to the fact that it offers stability, access to digital payments and access to d’apps.
Adding stablecoins to your portfolio is a good way to diversify against less stable assets and store value. It is also a good way to ensure that you are able to access d’apps.
USDC differs from USDT because it is built on a different blockchain. USDC is also regulated and subject to central authority. The asset also complies with anti-money laundering policy.
Furthermore, USDC is fully collateralized whereas USDT is only partially collateralized by a mixture of cash, loans and assets.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
While performing the research for the top trending crypto, our experts based their opinions on the following ranking criteria:
Investing in popular crypto coins is a good way to ensure that the tokens in your portfolio have a strong demand. This will reduce the chances of the tokens suddenly losing value which will minimize risk.
Buying popular cryptos is also a good way to access the wider DeFi space. The most popular cryptos can be used as payment on blockchain network which means that holders are able to participate in crypto games, crypto casinos, exchanges and other other decentralized applications.
Pros:
Cons:
Investing in the most popular cryptos is a good way to build a diverse portfolio that could appreciate over time. Many top tokens have positive price predictions for 2024 and present excellent opportunities for investors who are looking to take advantage of the upcoming bull run.
In this article, we have taken a look at 12 popular cryptos that are worth considering this year. Our list includes a selection of tokens with unique utility, high market capitalization and strong community support.
The most popular token to buy right now is Sponge V2 Token which has made waves on social media. You can invest in the meme coin by going to the official Sponge Token website and connecting your crypto wallet.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
The crypto market has recently experienced a slight bull run thanks to the announcement of Bitcoin ETFs and the upcoming bitcoin halving. Right now, Bitcoin, Ethereum and Sponge V2 are examples of tokens that are pumping. SPONGE in particular is forecasted a second spike which could be very rewarding for early investors.
For a crypto to 1000x it must experience volatility. Therefore, the most likely crypto from our list to increase by 1000x is SPONGEV2. Sponge V2 Token is a meme coin with a huge social media presence and strong marketing budget. Many memecoin enthusiasts believe that this will be the next meme token to surge.
Bitcoin halving is set to take place in April 2024 which will half the supply of BTC. As a result, the value of Bitcoin could rise and other tokens may follow.
One of the best brokers for crypto investing, but not only, is eToro. The platform has low costs and is suitable for both beginners and experienced investors.Which broker is best suited for trending crypto investing?
Trending crypto coins are cryptocurrencies that have high demand, low supply, wide recognition and better security. Shitcoins are cryptocurrencies that have little or no value because they were created for fraudulent, speculative or baseless purposes.What sets aside trending crypto coins from shitcoins?
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