Investors are constantly looking for cryptos with the potential to produce market-beating returns.
While the crypto market is inherently risky, life-changing opportunities are everywhere.
With that in mind, here are six of the most promising cryptos that are catching our eye and could be smart buys right now.
1. Slothana (SLOTH)
Slothana (SLOTH) is quickly emerging as one of the most anticipated meme coins of 2024, with its presale fundraising blowing past $10 million.
Hosted on Solana, Slothana features a laidback sloth character that has clearly resonated with retail traders.
Despite its lack of utility, Slothana’s simplicity as a joke token has created an undeniable buzz on social media.
Prominent influencers like Jacob Bury have begun championing the project, and its Twitter page continues to attract hundreds (if not thousands) of new followers every day.
With an exchange listing seemingly imminent, early backers are betting that Slothana could be positioned to benefit from the next meme coin hype cycle.
So, keeping SLOTH on the radar makes sense for those with high risk appetites.
2. Saga (SAGA)
Next up is Saga (SAGA), which aims to solve blockchain’s scalability woes.
Saga aims to make transactions faster and smoother by using a unique system of smaller blockchains connected to the main one – called a “chainlet” model.
While it has only just launched, Saga’s focus on gaming and entertainment applications is already attracting attention.
Its promise of cheaper and faster transactions could unleash new interactive experiences that haven’t been seen in the crypto space before.
Saga’s native token, also called SAGA, went live on exchanges yesterday and has already attracted over $700 million in spot volume.
Although the token’s price has dipped since launch, likely due to early profit-taking, it’s still worth monitoring for those seeking exposure to a new blockchain play.
3. Dogeverse (DOGEVERSE)
Bringing some innovation to the meme coin space is Dogeverse (DOGEVERSE) – a multi-chain token that can exist natively on six different blockchains.
Thanks to bridging tech, DOGEVERSE holders can seamlessly transfer their tokens between these chains.
This solves the issue of being confined to a single ecosystem that has plagued earlier meme coin projects.
In addition to its cross-chain capabilities, Dogeverse offers industry-beating staking yields – currently 1,207% per year.
With over $1 million raised in less than three days, it’s fair to say that Dogeverse’s presale is off to a strong start.
And with an exchange listing planned once the presale ends, DOGEVERSE is undoubtedly worth monitoring.
4. Aevo (AEVO)
Aiming to bridge DeFi and institutional trading is Aevo (AEVO), a hybrid derivatives exchange powered by its AEVO token.
Its decentralized yet high-performance model combines speedy off-chain order matching with secure on-chain settlement via Ethereum layer-2 rollups.
The AEVO token itself has multiple use cases, like staking rewards, discounted trading fees, and governance participation.
However, AEVO has also been used as a vehicle to speculate on the exchange’s growth.
Currently, AEVO is trading for $2.54 and has a market cap of under $300 million, implying huge upside potential if the Aevo exchange can become widely adopted.
5. Dogecoin20 (DOGE20)
Another of the best cryptos to consider buying is Dogecoin20 (DOGE20).
This Ethereum-based token celebrates meme culture while offering real utility through its built-in staking protocol.
Using this protocol, DOGE20 holders will receive estimated annual yields of 49% – and over 57 billion tokens have been staked already.
However, what really has investors buzzing is DOGE20’s perfectly timed Uniswap launch.
This launch is set for “Doge Day” on April 20, and speculators are betting that it could lead to an explosive post-listing pump.
Between its aggressive marketing, active community, and above-average yields, Dogecoin20 is another prime candidate for crypto investors seeking to diversify into the meme coins space.
6. Nervos Network (CKB)
Rounding off our list of the best cryptos to buy now in 2024 is Nervos Network (CKB).
Nervos Network is creating a secure, layered blockchain ecosystem for cross-chain asset storage and dApps.
Its base layer uses Bitcoin’s Proof-of-Work for security while enabling developers to create personalized layer-2 chains.
The CKB token essentially represents decentralized data storage space on Nervos and is paid to upload assets permanently.
Users can also stake their CKB tokens to earn passive rewards.
Though still early in its journey, Nervos’s focus on secure data storage has attracted immense interest – positioning CKB as another crypto that could be primed for a bullish 2024.
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