Best Cryptocurrencies To Invest: Most Profitable Options

The cryptocurrency market is known for its volatility and unpredictability, but it has also generated incredible gains for long-term investors. While there are thousands of cryptocurrencies available today, Bitcoin and Ethereum still dominate the crypto world, with a combined market capitalization of about 70% of the $2.04 trillion global crypto market.

- Pepe Unchained ($PEPU) – Combines the fun of meme coins with advanced blockchain technology. It offers its own layer-2 blockchain, which is 100 times faster than Ethereum and much cheaper to use.

- Crypto All-Stars ($STARS) – A new meme token that has been soaring since its launch. This coin introduces a revolutionary staking mechanism that will be compatible with the world’s top meme coins.

- Bitcoin (BTC) – The world’s first cryptocurrency, launched in 2009. It’s a decentralized currency and a groundbreaking technology. Its limited supply and growing acceptance make it a solid long-term crypto investment.

- Ethereum (ETH) – The world’s second-largest cryptocurrency, Ethereum offers more than just a digital token. It functions as a robust blockchain platform enabling DeFi, smart contracts, and dApps.

- Wall Street Memes – A popular meme crypto with renowned developers. The project has been endorsed by Elon Musk and has raised more than $25 million within 12 weeks of its presale.

- Bitcoin BSC – A fast-selling crypto with the potential to explode. It offers 2,258% APY rewards, a $0.99 price entry, and is powered by the eco-friendly BNB Smart Chain.

Crypto with utility

When it comes to investing in cryptocurrencies, it's important to consider their utility – their real-world applications and ability to solve problems. Here's an overview of some cryptocurrencies with utility:

Ethereum (ETH):

Ethereum is more than just a cryptocurrency; it's a blockchain platform that enables the creation of decentralised applications (dApps) and smart contracts. This gives it a wide range of applications across industries, from finance and insurance to transportation and art. It's also the platform on which most other crypto tokens are built, making it an essential part of the crypto ecosystem.

Basic Attention Token (BAT):

The Basic Attention Token is a utility token that aims to disrupt digital advertising by rewarding consumers for watching ads. It powers the Brave browser, which offers faster, more secure, and private web browsing due to its built-in ad-blocking and tracker-blocking features. With over 7 million daily active users, it's a good example of a crypto with real-world utility.

Polygon (MATIC):

Polygon is a scaling solution for Ethereum, addressing its high fees and slow transaction issues. Its native token, MATIC, is used for governance, staking, and paying gas fees on the Polygon network, which is a 'sidechain' of the Ethereum blockchain.

Binance Coin (BNB):

Binance Coin is the native cryptocurrency of the Binance Chain, a major crypto exchange. It offers utility by giving users a 25% discount on trading fees when they pay with BNB.

Decentraland (MANA/LAND):

Decentraland is a metaverse built on the Ethereum blockchain. Its utility tokens, MANA and LAND, can be used to purchase avatars, items, names, and virtual real estate within the metaverse.

Chimpzee (CHMPZ):

Chimpzee is an environmental sustainability-focused token. It has raised over $1.2 million and has already planted 22,000 trees to combat deforestation. It offers three ways to earn income: through its Shop-To-Earn, Trade-To-Earn, and Play-To-Earn features.

ETukTuk (TUK):

ETukTuk is a cryptocurrency that promotes the switch to electric vehicles for TukTuk drivers in developing nations. It will help set up charging stations and Electric Vehicle Supply Equipment (EVSE), reducing costs for drivers. $TUK holders can earn staking rewards and join the token whitelist.

Scorp Token (SCORP):

Scorp Token is the native token of the Scorpion Casino and sports betting platform. It offers staking benefits, entry to affiliate programs, and the chance to win free bonuses. It has a total supply of 1 billion, and at the time of writing, it was priced at $0.014, with a presale target of $0.05.

BTC20:

BTC20 is a new proof-of-stake cryptocurrency with a total supply of 21 million, similar to Bitcoin. It offers passive income through staking and has a 120-year vesting period.

XRP:

XRP is a unique remittance network with high upside potential. It stands out due to its consensus protocol, which ensures most validators verify transactions, allowing for fast and energy-efficient processing. It also has connections to over 200 financial institutions, including major banks, giving it a promising adoption rate.

These cryptocurrencies offer a range of utilities, from powering decentralised applications and providing environmental solutions to enabling metaverse transactions and disrupting digital advertising. When investing, it's crucial to consider the real-world applications and problem-solving capabilities of a cryptocurrency, as these factors can contribute to their long-term potential and sustainability.

Low cap crypto

Low-cap cryptocurrencies are those with a small market capitalisation, which means they have more potential for growth but also come with a higher risk. Here is some more information about a few low-cap cryptocurrencies:

Chimpzee

Chimpzee (CHMPZ) is a token focused on environmental sustainability. It has raised over $1.2 million from those looking to tackle climate change and animal conservation concerns. It has also donated $15,000 to protect elephants and planted over 22,000 trees to help deal with global deforestation. Chimpzee offers three primary ways for people to earn an income through its ecosystem: the Chimpzee Shop, an NFT marketplace, and a Zero Tolerance Game. NFTs can be staked to earn an impressive 20% APY yield.

ETukTuk

ETukTuk (TUK) is a new crypto token that will help provide wealth to its internal ecosystem by setting up charging stations and Electric Vehicle Supply Equipment (EVSE). eTukTuk will help TukTuk drivers save 75% of costs through efficient charging. The platform has been built on the Cardano blockchain, which can process high transactions and charges lower costs than other blockchains such as Ethereum. eTukTuk will take the help of territory partners, who will play a vital role in installing essential equipment and services. Once the charging stations are set up, TukTuk drivers can make payments through the driver app using $TUK. Rewards will be offered to the territory partners every time a payment is made at the charging station.

Scorp Token

Scorp Token (SCORP) is the native cryptocurrency of Scorpion Casino's casino and sports betting platform. The token offers several use cases, including staking benefits, entry to affiliate programs, and the chance to win free bonuses. A BEP-20 token, $SCORP, has a total supply of 1 billion. Currently, investors still have the chance to buy $SCORP on the presale before the exchange listing takes place. The token is priced at $0.014 and has already raised over $450K. The presale target is set at $500K. During the exchange listing, the price of $SCORP will jump to $0.05, a 237% price jump from current levels.

BTC20

BTC20 ($BTC20) is a new cryptocurrency token describing itself as the 'new Bitcoin'. This cryptocurrency will have a total token supply of 21 million, which will gradually be unlocked through a 120-year vesting period, similar to Bitcoin. The current presale price of $1 is also reminiscent of when Bitcoin was priced at $1 back in April 2011. BTC20 is an Ethereum-based token, meaning that it does not offer rewards via mining. Instead, token holders can stake $BTC20 through a staking mechanism to earn passive income. This is a more energy-efficient process compared to Bitcoin.

Crypto with high staking APYs

Staking is a passive investment strategy that enables investors to earn interest on tokens that would otherwise remain idle in a crypto wallet. Here are some of the cryptocurrencies with high staking APYs:

• Pepe Unchained ($PEPU): Pepe Unchained is an Ethereum layer 2 project offering double staking rewards at 163% APY.
• Crypto All-Stars ($STARS): Crypto All-Stars is a platform that allows investors to stake top meme coins like PEPE, DOGE, and BONK, and earn rewards. It offers a staking APY of 1,277%.
• Base Dawgz ($DAWGZ): Base Dawgz is a new meme coin built on the Base chain. It offers multi-chain compatibility and staking yields, with an APY of 443%.
• The Meme Games ($MGMES): The Meme Games is an Olympics-themed meme coin offering staking rewards and gamified presale bonuses to token holders. It provides a staking APY of 443%.
• Shiba Shootout ($SHIBASHOOT): Shiba Shootout is a Wild West-themed meme token that offers staking benefits, lotteries, and governance opportunities. It has a staking APY of 860%.
• Injective Protocol (INJ): Injective Protocol is an interoperable smart contract platform. It offers staking APYs of around 17%.
• Osmosis (OSMO): Osmosis is a decentralized exchange and the central hub of the Cosmos ecosystem. It enables users to swap tokens across numerous blockchains within the Cosmos network. It offers a staking APY of around 22%.
• Kava (KAVA): Kava is a decentralized finance platform built on the Cosmos blockchain. It offers a staking APY of around 19%.
• Cosmos (ATOM): Cosmos is a network of interconnected blockchains. By staking ATOM, investors contribute to the network's security and earn rewards. It offers a staking APY of around 22%.
• Band Protocol (BAND): Band Protocol is a decentralized oracle platform that connects real-world data and APIs to smart contracts on various blockchains. It offers a staking APY of around 11%.

Crypto with upcoming price catalysts

As of July 2024, Bitcoin (BTC) has been identified as a crypto with upcoming price catalysts. Four catalysts, in particular, could drive the next big rally for Bitcoin:

• Interest-rate cuts: In 2021, ultra-low interest rates pushed Bitcoin to a record high. With the Federal Reserve's outlook for rate cuts, investors are anticipating a rally.
• Shifting regulation: The crypto community is looking for coherence on the regulatory front, which has been a frequent obstacle for Bitcoin. A looming stablecoin bill could be a future catalyst, and the US House of Representatives recently passed a wide-sweeping regulatory framework for the industry.
• November's election: Regulatory clarity is expected after the 2024 US presidential election. A win for Republican candidate Donald Trump could be positive for Bitcoin, as he has voiced support for the industry, in contrast to President Biden's policies.
• Functionality upgrades: Developers have been working to add functionality to the Bitcoin network, such as the Ordinals protocol, which allows users to store non-fungible tokens on the BTC blockchain. These efforts could make Bitcoin more than just a speculative asset.

In addition to Bitcoin, Ethereum (ETH) is another cryptocurrency that has experienced a rally in 2024, with prices up 41.8% year-to-date. The approval of the first-ever spot Ethereum exchange-traded funds (ETFs) in July is expected to be a bullish catalyst for Ethereum investors.

Other potential catalysts for the broader crypto market include the upcoming US presidential election, which could bring about a more crypto-friendly White House. The presumptive Democratic nominee, Kamala Harris, is viewed as potentially more bullish for Bitcoin than Trump, while Trump is seen as more favourable for Ethereum.

Crypto bought during market dips

The cryptocurrency market is known for its extreme volatility, with frequent market dips that can spark fear and opportunity among investors. These dips are often characterised by a rapid decline in cryptocurrency prices, increased uncertainty, and significant volume changes. While buying during these dips can be risky, it can also offer unique opportunities for investors.

Market dips allow investors to buy cryptocurrencies at a discount, potentially leading to greater returns if the market rebounds. For example, during the pandemic in early 2020, Bitcoin's price dropped significantly. An informed investor who recognised the potential for recovery bought at this lower price. By the end of the following year, as Bitcoin reached almost 60,000 EUR, this investment saw substantial growth.

One investment strategy that benefits from market dips is Dollar-Cost Averaging (DCA). This strategy involves investing a fixed amount of money at regular intervals, regardless of the asset's price. By applying DCA during market dips, investors can buy more crypto for their money and mitigate the risk of investing a large sum at an unfavourable time.

Investors with a long-term horizon may find market dips particularly advantageous. They can acquire more assets at lower prices and hold them for potential future growth. However, these investors must remain patient and not be swayed by short-term market fluctuations. Historically, many cryptocurrencies have shown the ability to recover and reach new highs over the long term.

Risks and Considerations

When considering buying cryptocurrencies during market dips, it's crucial to understand the inherent risks and considerations. One significant risk is that what appears to be a market dip could lead to further price declines or even a longer-term downward trend. Catching the exact bottom of a dip is nearly impossible, and attempting to do so can result in missed opportunities or buying too early during a declining trend.

To manage risk effectively, investors can diversify their portfolio across different cryptocurrencies, set clear investment goals and limits, use DCA to reduce risk, avoid overexposure to a single asset, stay informed and flexible, and balance short-term and long-term perspectives.

Market Sentiment and Analysis

Market sentiment and analytical approaches play a crucial role when considering buying during market dips. Sentiment can range from fear and pessimism to optimism and confidence, indicating potential price direction. Technical analysis can help identify potential support levels and historical price patterns, while fundamental analysis focuses on the intrinsic value of a cryptocurrency based on factors like technology, team, market potential, and current adoption. Combining these approaches provides a more rounded perspective.

Buying cryptocurrency during market dips can be a nuanced and complex decision, depending on various factors, including the investor's risk tolerance, investment goals, and specific circumstances. While there may be opportunities for gains, the risks associated with such investments are significant and should not be taken lightly. Resources like Kriptomat can provide valuable insights and tools to help investors make more informed and confident choices when navigating the volatile world of cryptocurrency investments.

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