When exploring the best cryptocurrency to invest in, it’s important to make peace with the fact that each crypto has its own investment value and potential risks. While some coins are already established and widely recognized, others are emerging with unique features and promising technologies that could yield significant returns for investors, especially in the meme coin space. Identifying these hidden gems requires careful analysis of factors such as project fundamentals, technological innovation, market demand, and growth potential.
By focusing on cryptocurrencies with strong fundamentals and compelling use cases, investors can position themselves to capitalize on the dynamic nature of the crypto market and maximize their investment returns. In this article, you’ll be introduced to 5 best cryptos to invest in this year and the potential they have to garner massive profits, starting with a utility-packed meme token.
5 Top Cryptos to Buy This Year
Below is a list of the top five cryptos we’ve single-handedly picked out for you:
- KangaMoon (KANG)
- Near Protocol (NEAR)
- Theta Network (THETA)
- Immutable X (IMX)
- Solana (SOL)
Let’s delve into these top cryptocurrencies while discussing their potential, features, and recent performances to better understand how they can be used to amass massive crypto gains in the long run.
- KangaMoon (KANG)
On its way to become one of the best meme coins and potentially rank among top cryptos to buy in March 2024, KangaMoon (KANG) is poised to surpass the likes of Dogecoin and Shiba in the long run. Owing to its impressive potential, this new meme coin is already rising fast in its presale, having raised over $1M as it aims to round off its total earning to $1.5M by the end of this week and $2M by the end of March.
KangaMoon sets itself apart from traditional meme coins by incorporating a unique blend of SocialFi features, GameFi elements, and a Play-to-Earn model. Notably, this innovative meme token platform immerses its users in a unified ecosystem where they have the opportunity to earn tokens on a weekly, monthly, and quarterly basis by simply participating in battle contests, challenges, and competitions.
Meanwhile, KangaMoon adopts a community-driven approach that prioritizes fostering community engagement and development, further ensuring a collaborative and interactive experience for its users.
With early investors enjoying a remarkable return on investment (ROI) of over 125%, the price of the KANG token has appreciated to $0.01125 and is projected to reach $1 by the third quarter of this year. While the platform will still observe more presale stages before launching on tier-1 CEX, new users can already start earning KANG tokens through social engagements, including sharing posts and commenting on KangaMoon’s social media accounts.
- Near Protocol (NEAR)
NEAR Protocol (NEAR) has established a strong presence in the cryptocurrency market, boasting a market capitalization of approximately $7.2 billion and a circulating supply of over 1 billion tokens. The protocol has demonstrated remarkable performance, with impressive gains of more than 118% in the past month and over 53% in the past week, positioning it strongly among the top cryptos to buy in March.
Renowned for its user-friendly interface and scalable solutions, NEAR Protocol has garnered significant attention from developers and users alike, securing its spot as one of the top 30 largest cryptocurrencies. With a wide weekly price range of $3.85 and $7.18, NEAR Protocol is poised for higher price ranges around $10- $20 before the third quarter of this year.
- Theta Network (THETA)
Gaining by over 244% in the past month, Theta network (THETA) has shown an impressive price performance that signals it as one of the strongest cryptocurrencies in the Q1 of this year. The Theta Network is a decentralized platform for video, AI, and entertainment, which are sectors that are promised to continue seeing growth, thereby stamping a continued relevance for Theta Network.
Currently the Theta network is only pricing in a weekly range of $2.26 and $3.61, but has gained by 52.38% in the past week and a daily 258% gain in its trading volume. Theta network already completed the circulation of its total supply, hence the possibility of a higher valuation and price hike due to scarcity and increase in demand.
- Immutable X (IMX)
Amongst all other top cryptocurrencies to consider for investment this year, Immutable X (IMX) definitely ranks as one of the most favorable choices as it holds a good potential of becoming the default NFT blockchain in the future. While the price of Immutable X token hasn’t experienced a massive spike lately, the crypto is doing fairly well for itself at the moment, currently gaining by 11.35% in the past week and over 30% in the past month.
With a current market cap valuation of over $4.9B and trading volume of over $128M, Immutable X holds strongly on the list of the top 30 cryptocurrencies by market value. Though the current weekly price range is around $2.70 and $3.61, experts’ prediction suggests a valuation of over $10 for Immutable X by the end of the year.
- Solana (SOL)
Solana (SOL) stands out as a formidable cryptocurrency due to its lightning-fast transaction speeds, low fees, and highly scalable blockchain infrastructure. Its innovative proof-of-history consensus mechanism allows for high throughput, making it attractive for decentralized applications and projects requiring fast and efficient transactions.
Moreso, Solana’s impressive performance is no longer anything new in the crypto space. In fact, investors are looking to make much more from the token this year, as Solana is predicted to become one of the highest gainers this year. Leaving aside the impressive performance of Solana network, the native SOL token, is also backed by strong community support.
According to CoinGecko, Solana price holds an 81% bullish rating from its community which makes it a top crypto to buy in March. Currently pricing in a weekly range of $117.52 and $151.14, Solana has progressed by over 11.85% in the past week and by over 35.45% in the past month, with predictions reflecting a $200 price point before this year’s Q4.
Rounding Up on The Top 5 Cryptos to Consider in 2024 – Final Words
As you may already know, the cryptocurrency world is highly volatile hence all of these cryptocurrencies mentioned above are forever subject to periodic volatility. However, these cryptocurrencies mentioned above were single-handedly picked as the best options to prevail amid the volatility that will occur this year. Most appropriately, these tokens stand a good chance of riding the bull run this year and the anticipated positive influence of Bitcoin’s halving.
The first token mentioned, KangaMoon, is particularly a very promising token that is gaining a lot of traction as one of the best new meme coins to grace the meme coin market. With added utility, earning incentives and practical use cases, Kangamoom may eventually surpass the likes of Dogecoin Bonk and Shiba Inu in the long run.
While it’s clear that every investment carries its own level of risk, it’s imperative to diversify your portfolio and conduct thorough research on crypto projects before allocating any funds. This approach ensures that you’re well-prepared to navigate the uncertainties of the market and capitalize on opportunities while mitigating potential downsides.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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