Best Cryptocurrencies to Buy Right Now?

The merciless 2022 and 2023 marked a gruesome bear period among cryptocurrencies. Some cryptocurrencies have seen a 90% decline in prices. Still, the crypto market has been showing some signs of life in 2024. It is at this stage of the bear market that real money is made. So here is our list of the best cryptocurrencies to buy right now.

Introduction

While those factors can give us healthy hope for the future, we’re still unlikely to leave the bear cave completely. After all, most analysts predict that the next bull run won’t start until at least the second half of 2024. And that’s great news. Smart money invests in crypto in times of uncertainty and takes profits when the bull run is in full swing, and crypto prices fly over the roof.

The key is to buy cryptocurrency at the right time and consider the risk. There are hundreds of tokens on the crypto market, and new projects are emerging every day. This makes it difficult to decide on which cryptocurrencies are about to become the “next big thing.” And this is where we jump in. Today we have compiled a list of the best cryptocurrencies to buy right now.

Disclaimer: This is not financial advice; it is just a well-intended article from crypto enthusiasts to fellow crypto enthusiasts. Remember to do your own research before investing in crypto, and never invest more than you can afford to lose.

How to Choose the Right Crypto to Invest In?

Before we delve into our top picks, let’s talk about the yardsticks we used to measure their worth. Among thousands of options you have in the crypto market, this might come in handy to narrow down the candidates. Here are the key criteria:

• Utility and use-case: A coin must offer a unique feature that sets it apart from the crowd. Does it solve a real-world problem? Does it offer something unique that sets it apart from the sea of other cryptocurrencies? Memecoins, for example, obviously don’t offer any real use case, as they depend solely on community and internet hype.

• Technology and scalability: A coin’s underlying technology must be robust, secure, and efficient. But that’s not all; scalability is equally crucial. As the network grows, can the technology adapt to handle increased traffic without compromising performance? A coin that checks these boxes is likely to stand the test of time.

• Community and developer support: A strong, active community and a dedicated developer team are often indicators of a project’s long-term viability.

• Market liquidity: Liquidity is the lifeblood of any financial asset, and cryptocurrencies are no exception. High liquidity ensures that you can buy or sell the coin easily without significantly affecting its price. It also reduces the risk of market manipulation, making the coin more stable and reliable.

• Regulatory compliance: coins that comply with regulations are less likely to face legal hurdles down the line.

Ok, enough of the talk. Let’s dive right into the top 10 cryptocurrencies. Here you will find crypto from every field and with different fundamentals. From blue chips to AI coins, layer-2 coins, and we even spared one spot for a memecoin.

1. Bitcoin (BTC)

You didn’t think we’re gonna leave the king out of the list, did you? Born out of the 2008 financial crisis, Bitcoin was created by an anonymous person (or group of people) known as Satoshi Nakamoto. It was designed as the first fully decentralized, peer-to-peer digital currency that could operate without the need for intermediaries like banks.

Price Performance

Bitcoin has had a rollercoaster of a journey. From being virtually worthless in its early days to reaching an all-time high of around $64,000 in April 2021, it has shown incredible resilience and growth. Even with its notorious volatility, Bitcoin has consistently outperformed traditional assets over the long term. Bitcoin is also widely considered to be the best price performer during the bear market, as other altcoins are losing their values in comparison to Bitcoin.

Why is Bitcoin (BTC) a Good Buy?

• Store of value: Often dubbed the ‘digital gold,’ Bitcoin has proven its mettle as a reliable store of value, particularly in turbulent economic times.

• High liquidity: As the most widely traded cryptocurrency, Bitcoin offers unparalleled liquidity. Whether you’re looking to buy or sell, you’ll find no shortage of market participants.

• Institutional adoption: The entry of heavyweight institutional investors like Tesla, MicroStrategy, and various hedge funds signals a growing acceptance of Bitcoin as a legitimate asset class.

• Network security: With the most robust blockchain in existence, secured by immense computational power, Bitcoin stands as the Fort Knox of the digital world.

• Limited supply: With a fixed supply of 21 million coins, Bitcoin’s scarcity mimics precious metals and offers a hedge against inflation.

Where to Buy BTC?

BTC is available on several major crypto exchanges, such as Binance, Coinbase, and KuCoin, as well as on decentralized exchanges (DEX), such as Uniswap or Sushiswap.

2. Ethereum (ETH)

Launched in 2015 by the prodigious Vitalik Buterin and a stellar team of blockchain visionaries, Ethereum took the foundational concept of Bitcoin’s blockchain and added a twist: smart contracts. This groundbreaking innovation opened the floodgates to decentralized applications (dApps), decentralized finance (DeFi), and even non-fungible tokens (NFTs), creating an entire ecosystem that goes beyond mere currency.

Price Performance

Ethereum started with a price of around $0.30 and reached an all-time high of over $4,300 in May 2021. Its price performance has been influenced by the rise of DeFi and NFTs (Non-Fungible Tokens), both of which predominantly run on the Ethereum network. From the bottom of the previous bear market to the top of the 2021 bull run, ETH did a whopping 40x, which is a lot for such a fundamental crypto coin.

Why is Ethereum (ETH) a Good Buy?

• Smart Contracts: Ethereum’s unique selling point is its smart contract functionality, which has given birth to the booming DeFi sector.

• Ethereum 2.0: Ethereum 2.0 marked the biggest upgrade of the Ethereum network and moved the consensus mechanism from proof-of-work (PoW) to a 99% more efficient proof-of-stake (PoS). As a consequence, ETH became inflationary while offering staking services. As a result, a new crypto sector has emerged: Liquid Staking Derivates. 

• Active Development: Ethereum boasts one of the most vibrant developer communities, constantly pushing the envelope and innovating within the ecosystem.

• Network Effects: As more projects are built on Ethereum, its value as a platform increases, creating a positive feedback loop that could drive up the price of ETH.

• Diversification: If you’re looking to diversify your crypto portfolio, Ethereum offers a different value proposition compared to Bitcoin, making it an excellent diversification tool.

Where to buy ETH?

ETH is available on several major crypto exchanges, such as Binance, Coinbase, Kraken, and KuCoin, as well as on decentralized exchanges (DEX) such as Uniswap or Sushiswap.

3. Arbitrum (ARB)

Developed by Offchain Labs, Arbitrum (ARB) aims to solve one of the most pressing issues in the Ethereum ecosystem: scalability. As a Layer 2 scaling solution, Arbitrum allows for faster and cheaper transactions by batching multiple operations off-chain before settling them on the Ethereum mainnet. This ingenious approach has garnered significant attention and adoption, making Arbitrum a key player in the Layer 2 space.

Price Performance

While Arbitrum’s native token, ARB, hasn’t been around as long as some of the crypto giants, its price performance has been noteworthy. The token has seen significant volatility but has also experienced periods of impressive gains, particularly during major network upgrades and partnerships. As more projects migrate to Layer 2 solutions like Arbitrum, the token’s value could see further upside. At the time of writing, its market cap is around a healthy 1,2 billion dollars, while the ARB price sits at 1 dollar.

Why is Arbitrum (ARB) a Good Buy?

• Scalability: As Ethereum gas fees continue to be a pain point, Arbitrum’s Layer 2 solution offers a much-needed respite, potentially driving up demand for ARB.

• Developer adoption: With its robust toolset and compatibility with Ethereum, Arbitrum has attracted a growing number of developers, which bodes well for its long-term prospects.

• Network security: Arbitrum leverages the security of the Ethereum mainnet while providing the benefits of a Layer 2 solution, offering the best of both worlds.

• Ecosystem growth: The Arbitrum ecosystem is rapidly expanding, with more dApps and DeFi projects choosing it as their go-to Layer 2 platform.

• Early-stage Investment: Given its relatively recent entry into the market, investing in ARB could offer higher returns as the platform gains traction.

Where to Buy ARB?

ARB is available on several major crypto exchanges, such as Binance, Coinbase, Kraken, and KuCoin, as well as on decentralized exchanges (DEX) such as Uniswap or Sushiswap.

4. Injective protocol (INJ)

Founded in 2018 by Eric Chen and Albert Chon, Injective Protocol aims to create a more free and inclusive financial system by building a fully decentralized exchange (DEX) protocol. What sets Injective apart is its ability to support a wide range of financial products, from spot trading and futures to complex derivatives, all on a high-speed, low-cost Layer 2 platform. The protocol’s unique features and robust technology made it a darling of the DeFi space.

Price Performance

Since its initial coin offering (ICO) in 2020, INJ has seen a whirlwind of price action. From an initial price of around $0.40, it soared to an all-time high of over $20 in April 2021. While it has experienced the usual crypto volatility, the token has shown resilience and has been responsive to positive news, partnerships, and network upgrades. At the time of writing, it sits at $7.

Why is Injective Protocol (INJ) a Good Buy?

• Versatility: Injective Protocol’s ability to support a myriad of financial products makes it a one-stop shop for DeFi enthusiasts.

• Speed and low fees: Built on a Layer 2 solution, Injective offers lightning-fast transactions at a fraction of the cost you’d incur on other platforms.

• Interoperability: Injective is blockchain-agnostic, meaning it can interact with multiple blockchains, thereby expanding its reach and utility.
• Community and governance: INJ token holders have a say in the protocol’s development, fostering a strong, engaged community.

• Institutional backing: With backing from heavyweight investors like Pantera Capital and Mark Cuban, Injective has the financial muscle to drive innovation and adoption.

Where to Buy INJ?

INJ is available on several major crypto exchanges, such as Binance, Kraken, KuCoin, and Coinbase. Also, you can find it on DEXes Uniswap and Sushiswap.

5. Binance Coin (BNB)

Binance Coin (BNB) is the brainchild of the Binance exchange, one of the largest and most influential crypto exchanges globally. Launched in 2017, BNB initially operated on the Ethereum blockchain before transitioning to Binance’s native blockchain, Binance Chain. Originally introduced as a utility token for discounted trading fees, BNB has since evolved into a multifaceted powerhouse, fueling a plethora of applications within the Binance ecosystem, including having use in paying for goods and services.

Price Performance

BNB’s price journey is the stuff of legends. From its humble ICO price of around $0.10, it skyrocketed to an astonishing all-time high of over $600 in May 2021. This phenomenal growth isn’t just a fluke; it’s a testament to Binance’s relentless innovation and the expanding utility of BNB. At the time of writing, BNB sits at a comfortable 230 dollars, performing better than most other altcoins in the crypto winter.

Why is Binance Coin (BNB) a Good Buy?

• Ecosystem expansion: Beyond just trading fee discounts, BNB is now used in Binance’s decentralized exchange, Binance Smart Chain projects, token sales on Binance Launchpad, and more.

• Binance Smart Chain (BSC): BSC has emerged as a formidable competitor to Ethereum, hosting a myriad of DeFi projects and dApps, all of which bolster BNB’s utility and demand.

• Token burns: Binance periodically burns a portion of BNB, effectively reducing its supply and potentially driving up its value.

• Global adoption: Binance’s global reach and continuous efforts to bridge the gap between fiat and crypto ensure BNB’s relevance and demand across the world.

• Innovative leadership: Under the stewardship of Changpeng Zhao (CZ), Binance and BNB have consistently been at the forefront of crypto innovation.

Where to Buy BNB?

BNB is available on several major crypto exchanges, such as Binance, Coinbase, Kraken, and KuCoin, as well as on decentralized exchanges (DEX), such as Uniswap, Pancakeswap, or Sushiswap.

6. SingularityNET (AGIX)

We are continuing with the AI crypto sector. Founded by Dr. Ben Goertzel, a pioneer in the field of artificial intelligence, SingularityNET aims to create a decentralized marketplace for AI services. Launched in 2017, the project seeks to break down the silos that currently exist in the AI industry, allowing for greater collaboration and innovation. AGIX, the native token of SingularityNET, serves as the fuel for this ambitious ecosystem. Its unique value proposition, strong leadership, and strategic partnerships make it a tantalizing investment opportunity for those looking to diversify their crypto portfolio or get a slice of the AI pie.

Price Performance

AGIX has had a rollercoaster ride since its inception. From its ICO price of around $0.10, it reached an all-time high of approximately $1.86 in January 2018. While it has experienced the typical volatility of the crypto market, the token has shown resilience. Especially during periods of significant project developments and partnerships. Given the fact that AI has become the hot topic within the crypto space, we could see AI tokens like AGIX fly high in the next bull run, similar to what happened to NFTs 2021.

Why is SingularityNET (AGIX) a Good Buy?

• AI Revolution: As artificial intelligence continues to permeate every aspect of our lives, a decentralized marketplace for AI services could become increasingly valuable.

• Interoperability: SingularityNET is designed to be blockchain-agnostic, allowing it to interact with multiple blockchains and thereby increasing its utility and reach.

• Strong leadership: Under the guidance of Dr. Ben Goertzel, the project has a visionary leader with deep expertise in AI.

• Community and governance: AGIX token holders can participate in the governance of the platform. It ensures that the community has a say in its future.

• Strategic partnerships: SingularityNET has formed partnerships with key industry players. These include tech giants like Cisco and Huawei, which could drive adoption and, by extension, demand for AGIX.

Where to Buy AGIX?

AGIX is available on several major crypto exchanges, such as Binance, Coinbase, Kraken, and KuCoin, as well as on decentralized exchanges (DEX), such as Uniswap, Pancakeswap, or Sushiswap.

7. Optimism (OP)

Optimism (OP) is similar to Arbitrum, a Layer 2 scaling solution designed to make Ethereum faster and more cost-effective. Developed by a team of blockchain experts, Optimism employs Optimistic Rollups to batch multiple transactions off-chain before settling them on the Ethereum mainnet. This ingenious approach has garnered significant attention, making Optimism one of the most talked-about Layer 2 solutions in the crypto space.

Price Performance

While Optimism’s native token, OP, is relatively new to the market, its price performance has been noteworthy. The token has seen significant volatile but has also experienced periods of impressive gains. Particularly during major network upgrades and partnerships. As Layer 2 solutions like Optimism gain traction, the token’s value could see further upside. At the time of writing, OP market cap sits around the same area as ARB, about $1,1 billion.

Why is Optimism (OP) a Good Buy?

• Scalability: As Ethereum gas fees continue to skyrocket, Optimism’s Layer 2 solution offers a much-needed alternative, potentially driving up demand for OP.

• Developer adoption: Optimism’s robust toolset and compatibility with Ethereum have attracted a growing number of developers, which bodes well for its long-term prospects.

• Network security: Optimism leverages the security of the Ethereum mainnet while providing the benefits of a Layer 2 solution, offering the best of both worlds.

• Ecosystem growth: The Optimism ecosystem is rapidly expanding, with more dApps and DeFi projects choosing it as their go-to Layer 2 platform.

• Early-stage Investment: Given its relatively recent entry into the market, investing in OP could offer higher returns as the platform gains traction. Especially given the looming popularity of layer 2 solutions.

Where to Buy OP?

OP is available on several major crypto exchanges, such as Binance, Coinbase, Kraken, and KuCoin, and on decentralized exchanges (DEX), such as Uniswap, Pancakeswap, or Sushiswap.

8. Pendle (PENDLE)

Pendle (PENDLE) is a decentralized finance (DeFi) protocol that aims to unlock new opportunities in yield markets. It belongs to the previously mentioned Liquid Staking Derivatives field. Launched in 2021, Pendle allows users to tokenize and trade future yields, effectively separating an asset from its yield and creating a new layer of financial instruments. This groundbreaking concept has caught the attention of DeFi enthusiasts and investors alike.

In the simplest terms, Pendle allows users to tokenize the future yield of their assets. Let’s say you’ve got some USDC-earning interest in a lending protocol like Aave. Pendle enables you to tokenize that future yield and trade it as a separate asset.

Price Performance

PENDLE, the native token of the Pendle protocol, has had an interesting journey since its launch. While it’s still a relatively new player in the crypto market, its price has seen significant fluctuations, reaching an all-time high of around $2.50 in May 2021. Despite the volatility, PENDLE has shown resilience, particularly during periods of protocol upgrades and strategic partnerships. Given that it’s considered a »unicorn« in the growing LSD field, we can speculate that it will be one of the better-performing tokens.

Why is Pendle (PENDLE) a Good Buy?

• Financial innovation: Pendle’s unique approach to yield tokenization opens up new avenues for yield generation and risk management in DeFi.

• Liquidity: The Pendle marketplace offers high liquidity for yield tokens, making it easier for users to enter and exit positions.

• Community governance: PENDLE token holders have a say in the protocol’s development, fostering a strong, engaged community.

• Strategic partnerships: Pendle has formed alliances with key players in the DeFi space, which could drive adoption and, consequently, demand for PENDLE.

• Early-stage opportunity: Given its recent entry into the market, investing in PENDLE could offer higher returns as the protocol gains traction and adoption.

Where to Buy PENDLE?

PENDLE is available on several major crypto exchanges, such as Binance, Huobi and KuCoin. It can be also found on decentralized exchanges (DEX) such as Uniswap, Pancakeswap or Sushiswap.

9. Render (RNDR)

Render was founded by OTOY, a company well-known for its advanced graphics rendering technology. The Render network aims to democratize GPU rendering by leveraging decentralized networks. Launched in 2019, RNDR allows artists and creators to tap into a global network of idle GPUs, making high-quality rendering more accessible and cost-effective.

Price Performance

RNDR has had a captivating journey since its launch. From an initial price of around $0.08, it soared to an all-time high of over $1.60 in April 2021. The token has shown resilience in the face of market volatility, particularly during periods of increased adoption and network upgrades.

Why is Render (RNDR) a Good Buy?

• Technological innovation: Render is pioneering blockchain technology in the graphics rendering industry, opening up new possibilities for creators and investors.

• Growing demand: As digital art and virtual reality gain traction, the demand for high-quality rendering is set to rise, potentially driving up the value of RNDR.

• Idle asset monetization: Render allows GPU owners to monetize their idle resources. It creates a win-win situation for both creators and network participants.

• Strong team: With OTOY behind it, Render has a team with a proven track record in the graphics rendering industry.

• Early-stage Investment: Given its unique value proposition and growing market, RNDR offers an exciting investment opportunity for those looking to diversify their crypto portfolio.

Where to Buy RNDR?

RNDR is available on several major crypto exchanges, such as Binance, Coinbase, and KuCoin. Also, on decentralized exchanges (DEX), such as Uniswap, Pancakeswap, or Sushiswap.

10. Pepe (PEPE)

Hey, even memecoins deserve to represent a small portion of one’s crypto portfolio. Born from the depths of internet culture, Pepe (PEPE) is a memecoin that reached a whopping $1,3 billion market cap, entering the top 100 cryptos. PEPE was launched in mid-April 2023, with the first entry point on Etherscan labeled on April 18th. In only three weeks, the memecoin had a market cap of over 400 million dollars.

Price Performance

PEPE has been on a wild ride, breaking the $1 billion market cap and then slowly retracting to about 400 million dollars, where it sits at the time of writing. The memecoin is very young and represents an extreme yet typical memecoin. With no use case, its price is only driven by community and internet hype. So it’s like playing a casino game—you can expect similar fluctuations like with Dogecoin (DOGE) and Shiba Inu (SHIB).

Why is Pepe (PEPE) a Good Buy?

• Community-driven memecoin: PEPE’s community is not just about memes; it’s a dynamic force that actively participates in governance and development.

• Cultural phenomenon: As the meme coin that captured the internet in 2023, PEPE has significant cultural capital that could translate into financial gains.

• High-risk, high-reward: PEPE offers a unique investment opportunity for those willing to take a calculated risk in the meme economy.

Where to Buy Pepe?

PEPE is available on several major crypto exchanges, such as Binance, Kraken and KuCoin. Also, on decentralized exchanges (DEX) such as Uniswap, Pancakeswap, or Sushiswap.

Conclusion

Alright, crypto warriors. We’ve journeyed through the digital landscapes of Ethereum (ETH), Injective Protocol (INJ), Pendle (PENDLE), Binance Coin (BNB), and others. Each of these crypto gems has its own unique flair and fills a specific niche in the ever-expanding crypto universe. Ethereum is the granddaddy of smart contracts. Injective Protocol is shaking up the decentralized derivatives game. Pendle is unlocking new frontiers in yield markets, and Binance Coin is the powerhouse behind one of the world’s largest crypto exchanges.

So, what’s the takeaway? Diversification is key, my friends. By spreading your investments across these different sectors—platforms, financial derivatives, yield tokenization, and exchange tokens—you’re not just hedging your bets but setting yourself up for a well-rounded crypto experience.

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