Now that Bitcoin’s recent halving event is behind us, the entire crypto community is preparing for the next leg up in this bull run. This means we could see certain cryptocurrencies exploding by 10-20x in a matter of days. We’ve analyzed the best cryptocurrencies to buy now in 2024 to help you identify potential winners.
Which crypto will explode in 2024? What are the best cryptos to buy now? What is the best cryptocurrency to invest in currently? This article will answer those burning questions. Let’s dive in.
Top 10 cryptocurrencies of 2024
- Milei Moneda (MEDA) – The meme coin embodying Javier Milei’s free market philosophy, with governance and membership benefits.
- Rebel Satoshi (RECQ) – Utility token powering the Rebel Satoshi gaming and NFT ecosystem, currently in presale.
- Borroe Finance (ROE) – Converts future revenues to upfront cash via NFT minting for Web3 businesses and creators.
- Polytrade (TRADE) – Blockchain-based trade financing platform providing liquidity to SMEs funded by crypto investors.
- Kaspa (KAS) – Layer-1 utilizing BlockDAG for high throughput parallel blockchain processing and scalability.
- Bittensor (TAO) – Protocol building a decentralized AI model marketplace and mining ecosystem.
- NEAR Protocol (NEAR) – Developer-friendly blockchain focused on usability, scalability and decentralization.
- Beam (BEAM) – Privacy-centric blockchain network enabling GameFi applications, SDK for developer integration.
- Celestia (TIA) – Modular, layer separation boosting scalability; secure data availability layer for blockchain apps.
- Mantra DAO (OM) – DeFi platform offering staking, lending, borrowing and cross-chain services on Ethereum.
Milei Moneda (MEDA) – best meme coin to invest in now
The first on our list of the best cryptos to buy now based on our research is the meme coin Milei Moneda. It embodies the philosophy of Argentinian president and economist Javier Milei and offers governance and membership privileges within the Milei Moneda Ecosystem to its holders.
By investing in $MEDA tokens, individuals can access exclusive benefits like discounts, events, and voting rights, making it an attractive investment option.
Holding $MEDA tokens grants exclusive benefits such as discounts, giveaways, access to NFTs, and other rewards, incentivizing long-term investment in the project.
The community governance process allows token holders to actively participate, having a say in the project’s direction and development. Community members can propose ideas and suggestions, which are rewarded through governance, creating an engaging experience.
The community behind Milei Moneda is described as rebellious and driven by a shared vision, with like-minded individuals passionate about innovation and the free market actively supporting the project. The token is currently in the presale phase, with over 65 million MEDA tokens already sold.
The Milei Moneda token ($MEDA) has a tokenomic structure designed to drive community growth, reward participants, and ensure sustainable value appreciation.
15% of the total token supply is allocated for marketing and rewards to cultivate an active community around the project. An additional 5% is reserved for an airdrop, which will distribute tokens among engaged community members.
To reduce circulating supply and push valuations higher over time, 5% of the tokens will be permanently burned. 15% is also designated for liquidity pools to provide ample trading liquidity and stability for the $MEDA token.
Perhaps most significantly, a full 60% of the Milei Moneda token supply is designated for the public sale, ensuring true decentralization of the asset. This public allocation is available through the project’s presale platform.
Rebel Satoshi’s RECQ
Next up is Rebel Satoshi’s RECQ, the utility token powering the Rebel Satoshi ecosystem. RECQ is designed to facilitate all transactions, purchases, fees, and rewards across Rebel Satoshi’s platforms, including their flagship Rebel Satoshi Arcade and various games.
The large RECQ token supply ensures there is always sufficient liquidity available for these in-game and ecosystem transactions.
Some key use cases for RECQ include:
- Powering transactions and interactions throughout the Rebel Satoshi universe, providing liquidity and rewards for engagement
- Enabling earnings, spending, trading, and transactions within the Arcade, NFT Marketplace, and other ecosystem components
- Serving as the everyday utility token, while the $RBLZ token acts as the governance token for the platform
RECQ is currently in its presale phase, where early investors can get in at discounted prices before the token launches on exchanges. The initial presale price was just $0.002 per RECQ token.
This price has already increased to $0.0037 in subsequent rounds, netting early backers an 85% gain. By the time RECQ lists on exchanges, its price is expected to reach $0.125 – representing a potential 525% upside for those who got in during the first presale round.
With its large supply ensuring ample liquidity, and its role as the core utility token across Rebel Satoshi’s platforms, RECQ presents an exciting opportunity to get exposure to this innovative gaming and NFT ecosystem.
Borroe Finance (ROE)
Borroe Finance (ROE) is an innovative platform offering unique financial solutions tailored for Web3 businesses and content creators. Its standout feature is the ability to convert future revenues into upfront cash through minting and selling NFTs – providing investors with governance rights and access to premium platform features.
Borroe introduces NFTs representing tokenized invoices that can be invested in, utilizing AI-powered credit ratings to help make informed decisions. It also offers convenient on-ramp and off-ramp solutions for crypto and fiat payments.
The core mission of Borroe Finance is to democratize fundraising for the Web3 industry through a decentralized AI and blockchain-powered marketplace with efficient payment rails. This streamlines the fundraising process, allowing businesses and creators to access instant cash flow by selling tokenized future revenues.
Borroe operates with a deflationary tokenomic model, low fees, and high scalability. Its focus on security, compliance, and user empowerment makes it an attractive investment opportunity.
The revenue tokenization process on Borroe is straightforward: users register, mint an NFT representing future income and enter a loan agreement, sell that NFT on Borroe’s fundraising marketplace, and instantly receive cash upfront.
Borroe is currently in its presale phase and has already raised over $4.3 million with more than 120 million ROE tokens sold. This demonstrates significant interest in the platform’s novel approach to web3 fundraising.
Polytrade (TRADE)
- Current market cap: $48 million
Polytrade (TRADE) is revolutionizing trade financing by bridging the capital gap between investors and small-to-medium enterprises (SMEs). This project is part of the hot RWA narrative that should do well this bull run.
The platform purchases invoices from businesses upfront, providing them with immediate liquidity by paying a percentage of the invoice value. Polytrade then collects the full invoice payment from buyers at a later date.
This process allows SMEs to quickly access working capital to meet short-term needs without waiting on outstanding payments. A furniture company like John’s, for example, could get paid right away by Polytrade for outstanding invoices rather than waiting 30-90 days.
The innovative aspect is that Polytrade funds these invoice purchases by pooling capital from crypto investors looking to earn a return. This creates a secure investment avenue backed by real-world revenue streams from the SMEs.
The TRADE utility token is a key cog that powers the Polytrade ecosystem. It enables governance rights, staking rewards, reduced interest rates, invoice discounts, and rewards for service providers. Of the 100 million total TRADE supply, Polytrade has structured a thoughtful distribution model and tokenomics to sustain long-term growth.
This includes differing pricing tiers for token sales, allocations for the team, investors, partners and more. With a current market cap around $48 million, TRADE presents an opportunity to get exposure to Polytrade’s unique blockchain-based trade financing solution.
The project has an impressive team including luminaries like Sandeep Nailwal and Sameep Singhania. Goals for the near future include expanding the product suite, marketing initiatives, and entering new markets across Latin America and Europe.
Kaspa (KAS)
- Current market cap: $2.5 billion
Next project on our list of the next cryptocurrencies to explode is Kaspa (KAS), a decentralized and scalable Layer-1 cryptocurrency that utilizes an innovative BlockDAG architecture called GHOSTDAG to address the scalability limitations of traditional blockchain systems.
Unlike conventional blockchains which build one block at a time linearly, GHOSTDAG allows multiple blocks to be created in parallel and coexist while reaching consensus on the final ordering. This parallel block creation enables extremely high throughput and rapid transaction processing.
Kaspa is a proof-of-work (PoW) cryptocurrency, maintaining the security benefits of PoW while achieving superior scaling through its BlockDAG design. As a community-governed and funded project emphasizing fair distribution and open-source development, Kaspa aims to generalize the Nakamoto Consensus to provide instant confirmations and high throughput without sacrificing decentralization or security.
The advantages of Kaspa’s BlockDAG are clear – in testnet environments it has processed over 3,000 transactions per second, compared to just 7 TPS for Bitcoin which uses traditional linear PoW blockchain architecture. While both utilize PoW, Kaspa’s GHOSTDAG implementation is an enhancement allowing for parallel processing.
After seeing meteoric price rises last year, Kaspa now has a market cap around $2.5 billion. However, many analysts view this as just the beginning, projecting Kaspa could 5x or more this bull run as scalable blockchains with high throughput become increasingly valued and adopted.
As a Layer-1 solution innovating on blockchain scalability in a decentralized manner, Kaspa presents an intriguing investment opportunity in the crypto space.
Bittensor (TAO)
- Current market cap: $2.8 billion
Sixth coin on our list is Bittensor (TAO), a decentralized protocol built to democratize and accelerate the development of artificial intelligence (AI) and machine learning (ML) models. At its core is a blockchain network called “subtensor” that connects multiple specialized AI/ML “subnets”, allowing anyone to create or participate in a competitive marketplace for developing and utilizing AI models.
TAO is the native cryptocurrency powering the Bittensor network. It serves as both an incentive mechanism, rewarding miners who solve AI tasks and validators who verify their work, as well as a governance token giving holders a voice in the protocol’s future development. Driving participation and growth is a key part of TAO’s tokenomics design.
Similar to Bitcoin, TAO has a hard-capped total supply of 21 million tokens that undergoes periodic halvings, where the mining reward is cut in half after each 50% of the supply is released into circulation. This mechanically controlled issuance rate incentivizes long-term participation and growth of the Bittensor network over time.
Ultimately, Bittensor aims to create a global, open-source “neural internet” – a decentralized AI marketplace where high-quality machine learning models can be freely shared, accessed, traded and utilized by anyone simply by paying the TAO cryptocurrency. The competitive dynamics of the protocol’s subnets encourage the development of accurate, robust AI/ML models.
NEAR Protocol (NEAR)
- Current market cap: $7.1 billion
NEAR Protocol is an open-source, high-performance blockchain platform designed to facilitate the creation and use of decentralized applications (dApps).
Founded by Illia Polosukhin and Alexander Skidanov, NEAR employs an innovative Proof-of-Stake consensus combined with sharding technology to achieve unparalleled speed, scalability, and cost-effectiveness for decentralized applications.
A core focus for NEAR is providing an extremely developer-friendly environment akin to building for the web. It enables easy dApp development using any programming language, simple onboarding, predictable pricing models, and straightforward subscriptions. NEAR prioritizes usability and user experience at every level.
Powering the protocol is the NEAR token, the native cryptocurrency used for paying transaction fees, staking to secure the network, and participating in its governance processes. NEAR has implemented numerous scaling solutions like sharding to partition the network load across multiple parallel blockchain “shards” to increase overall throughput.
The platform promotes decentralization by design – its staking mechanism and incentive structures reward widespread distribution and discourage the accumulation of tokens and validators becoming overly centralized. Protocol upgrades and future development paths are managed through NEAR’s built-in governance processes which give a voice to all stakeholders.
With scalability, usability and decentralization as its core pillars, NEAR Protocol aims to outcompete established blockchains like Ethereum by offering faster transaction times, greater capacity, lower costs, and a superior developer experience.
Beam (BEAM)
- Current market cap: $1.3 billion
Beam is a privacy-focused cryptocurrency project that utilizes the Mimblewimble and Lelantus protocols to provide confidential and scalable transactions on its blockchain network. Launched in 2018, Beam was created with the goal of building a cryptocurrency that protects user privacy by obscuring the identities of senders, receivers, and transaction amounts.
While providing privacy is a core focus, Beam has evolved into a gaming-focused ecosystem powered by the Merit Circle DAO. The BEAM token is the native cryptocurrency asset that fuels this gaming ecosystem and blockchain network.
A key offering is the Beam Software Development Kit (SDK), which allows game developers to seamlessly integrate blockchain functionality and create GameFi experiences. The SDK facilitates building immersive gaming environments with blockchain elements like tokenization, marketplaces, and on-chain asset management.
There are already over 15 games confirmed to be launching on the Beam network, including titles like TrialXtreme, Walker World, and Amino. Within these games, the BEAM token serves as the “gas token” to pay for transactions, smart contract interactions, and other on-chain functionality required for the GameFi experience.
By combining privacy protection through its novel blockchain protocols with gaming/GameFi applications enabled by developer tools like the SDK, Beam presents a unique catalyst for blockchain gaming adoption. The convergence of privacy and gaming could catalyze significant growth for the BEAM ecosystem.
Celestia (TIA)
- Current market cap: $1.8 billion
Why did TIA end up here on the list of next cryptocurrencies to explode? Well, Celestia (TIA) is an innovative, state-of-the-art modular blockchain infrastructure designed to revolutionize and scale blockchain technology.
Moreover, it employs a proof-of-stake (PoS) network that separates the core functions of a blockchain – execution, settlement, consensus, and data availability – into distinct layers and specialized roles. This modular architecture allows for greater scalability, flexibility and streamlined innovation compared to traditional monolithic blockchain designs.
At its core, Celestia serves as a secure and decentralized data availability layer. Developers can publish data directly to Celestia’s “blobspace” by paying a fee denominated in the network’s native TIA token. This ensures the published data is available and can be efficiently read and verified by anyone on the network.
While Celestia handles data availability, it relies on a separate underlying PoS consensus mechanism to order transactions and maintain data availability across the network. This separation of concerns simplifies the protocol design and allows for more focused development and faster innovation cycles.
The TIA token has a multi-purpose utility within the Celestia ecosystem. It facilitates paying data availability fees, participating in network governance through staking and voting mechanisms, and may potentially act as the gas token for applications built on top of Celestia’s infrastructure.
Celestia’s modular, layered design allows developers to construct custom blockchains or Layer 2 solutions that can dock into and leverage Celestia’s robust data availability and consensus services.
This reduces overhead and complexity for creating new blockchain-based applications and protocols. All in all, Celestia is an interesting project, and we anticipate it will do well in the second part of this bull run.
Mantra (OM)
- Current market cap: $600 million
And last, but definitely not least, on our list of top cryptos to invest in now is Mantra’s OM. Mantra DAO is a platform offering a suite of DeFi services including staking, lending, borrowing, and cross-chain capabilities.
It operates on a Proof-of-Work consensus model deployed on the Ethereum network, with a smart contract system facilitating transactions and on-chain governance processes.
A core element of Mantra DAO is allowing users to earn additional OM tokens through participation – by staking, lending, or borrowing assets. Rewards are distributed based on each user’s involvement in the platform’s governance voting and decision-making processes. The OM utility token can be staked to earn passive income, used for governance voting, and to receive future airdrop incentives.
The Mantra DAO ecosystem encompasses several innovative products and services within the “OMniverse” including MANTRA Nodes, MANTRA Chain, MANTRA Finance, and the overarching MANTRA DAO governance platform itself. This creates a comprehensive DeFi ecosystem with numerous yield-generating opportunities.
Staking OM tokens provides users with passive income earnings potential, with yields as high as 25% APY paid out on staked assets. This allows holders to earn returns safely while contributing to network security and operations. Users can stake OM itself or other DPoS assets via Mantra DAO’s staking services.
Beyond earning staking rewards, OM token stakers also gain voting rights to govern key economic parameters like interest rates, inflation, and ecosystem grant funding allocations. This aligns incentives and gives stakeholders true ownership over the protocol’s future direction. OM can also be utilized as loan collateral within Mantra’s DeFi lending services.
Conclusion
Which crypto is the best to invest in now as we enter the heart of 2024’s bull market? While there are many promising projects, the cryptocurrencies outlined in this article present particularly compelling opportunities to capture potentially explosive upside. From innovative blockchain infrastructure and scalability solutions, to the future of DeFi, GameFi, and tokenized revenue streams, these coins power ecosystems unlocking new frontiers.
For those looking for the best crypto to buy now in May 2024 with long-term staying power, each of these investments warrants a closer look. Whether investing for the meme culture narrative, participation in a decentralized AI marketplace, or access to the emerging crypto-powered trade financing industry, this diverse basket provides exposure to the leading edges as we approach the second part of 2024.
