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The year has been massive for cryptocurrencies – Bitcoin reached a new all-time high, and the overall market sentiment for altcoins is the most bullish it has evern been. This year marks the Year of the Dragon, which aims to bring evolution, improvements and abundance. For those looking to build a well-diversified crypto-portfolio, conducting proper research is essential in order to make the right decision.
In this guide, we will be jumping into the 5 best cryptos to buy now in 2024 to see far more significant returns. Read on to take an in-depth look at the cryptos that have the highest potential for returns, and determine which is the best cryptocurrency to buy now.
5 Best Cryptos To Buy Right Now & Maximize Your Returns
Let’s dive into our list of the top 5 cryptos to buy right now:
1. KangaMoon (KANG): An Upcoming P2E, Social-Fi and Community-Driven Platform.
2. Internet Computer (ICP): A Network With a Novel Consensus Mechanism and 172.1% YTD Price Uptrend.
3. Optimism (OP): The Layer-2 Scaling Solution for Ethereum That Can See Major Growth.
4. Chainlink (LINK): The Oracle Network That Provides Off-Chain Data Through Smart Contracts.
5. Render (RNDR): Opening GPU Rendering to Anyone.
Jumping Far Deeper Into Our List of the Top 5 Best Cryptocurrencies to Buy During the Year of the Dragon
For those curious to learn more about each one of our selections, we will be diving deeper into each one individually.
1. KangaMoon (KANG): An Upcoming P2E, Social-Fi and Community-Driven Platform
During the overall bullish market momentum, KangaMoon (KANG) has stood out as a major force within the industry as it underwent a major bullish momentum. KANG traded at $0.005 but is now trading at $0.0196, marking a monumental rise by 290% from its starting price.
KANG has stood out with its vast utility in its ecosystem, as its the in-game currency for its Play-to-Earn (P2E) game. Through it, players can buy NFTs, upgrade their in-game characters, and even have better opportunities to win. Moreover, KangaMoon will also feature Social-Fi elements and a community-driven approach.
There are now over 20,000 registered users, and over 5,800 holders of the KANG token. Recently, the KangaMoon team also partnered with RaidShark to boost the overall engagement, and will offer $1,000 in monthly rewards pools. With its unique ecosystem and community-driven approach, it is poised to become a dominant player and spike 100x at launch, making it the best cryptocurrency to buy now.
2. Internet Computer (ICP): A Network With a Novel Consensus Mechanism and 172.1% YTD Price Uptrend
Internet Computer (ICP) is a blockchain which is based on a different approach, specifically, threshold cryptography, with state machine replication. This is a novel consensus mechanism designed to enable smart contracts’ near-native performance and scalability. All of this became available while the security of decentralized executions was maintained.
When it comes to the Internet Computer price performance, the crypto is up 172.1% within the past year. Moreover, per the weekly price chart, the Internet Computer crypto has gone up from a low point of $11.50 to a maximum value of $16.10. At this growth rate, it could soon reach new yearly heights, and based on the Internet Computer price prediction, it can end 2024 at $22.91, making it one of the best coins to invest in.
3. Optimism (OP): The Layer-2 Scaling Solution For Ethereum That Can See Major Growth
Optimism (OP) is essentially an Ethereum-based extension which allows users and developers to benefit from the security benefits of that network, with the cheaper and quicker transaction of this one. The OP token is utilized for governance on top of the ecosystem. The Optimism network features an optimistic rollup, which involves a user depositing funds into smart contracts, compatible with the solution.
In terms of the Optimism price performance, the crypto is up 16.4% YTD. However, the more impressive chart, the weekly one, showcases a 20.2% price climb where the Optimism crypto has gone up from $2.09 to $2.60, and if it manages to soon break above the $3 price range it is poised to see far more significant growth. According to the Optimism price prediction, it can end 2024 at $3.80, positioning it as the best crypto investment.
4. Chainlink (LINK): The Oracle Network That Provides Off-Chain Data Through Smart Contracts
Chainlink (LINK) is a decentralized network of oracles which aims to provide real-world data to smart contracts on top of the blockchain. These are pre-specified agreements which elevate information and can automatically execute at the point in time when the predefined conditions are met.
The Chainlink crypto has been bullish on the charts as-well and has gained a lot of attention as a result. The overall Chainlink price has gone up by 114.9% within the past year, and by 17% within the past week as it moved from $12.83 to $15.87. At this growth rate, according to the Chainlink price prediction, it could end 2024 at $22.28, positioning it as the best crypto to invest in.
5. Render (RNDR): Opening GPU Rendering To Anyone
Render (RNDR) is a major network that involves GPUs. Specifically, it is a crypto-enabled project through which anyone is able to contribute their unused GPU power to help projects render quicker. In return for doing so, users get the RNDR crypto as a reward.
In terms of the Render price performance, the crypto has experienced a major 424.4% growth in the past year. Last week, Render crypto went up 18.5% from $7.31 to $9.46. According to the Render price prediction, it can end 2024 at $13.20, and as a result its also seen as the best crypto to invest in.
Choosing The Perfect Cryptocurrency To Diversify With: A Comprehensive Guide
The best way to choose the best cryptocurrency to diversify with is to look at a few key aspects, including its real-world utility, the market capitalization of the cryptocurrency, the all-time high discount of the crypto, and the overall demand and supply balance.
Best Locations To Find Cryptocurrencies For Diversification
There are a variety of different platforms on top of which users and enthusiasts can get access to data surrounding the best cryptocurrencies to diversify with. These include CoinMarketCap, Reddit, YouTube, and even presale listing sites.
Should You Buy Crypto For Short-Term Or Long-Term Growth?
This is highly dependent on the cryptocurrency in question and the overall ambitions of the traders and investors. In some cases, cryptocurrencies can represent solid long-term investments, while others could be better-suited toward short-term speculation.
Crypto Market Trends to Keep a Keen Eye on
By remaining up-to-date with market trends anyone can make a far more educated decision. For example, the Decentralized Finance (DeFi) space has seen an increase in popularity and value, and so has the artificial intelligence (AI) field.
Conclusion
To summarize, investors will need to create a well-balanced crypto portfolio in order to get the most out of the market. So far, Internet Computer, Optimism, Chainlink, and Render have all showcased a significant price uptrend.
However, overall, we rate KangaMoon as the best cryptocurrency to buy today as it has a vast ecosystem and massive growth potential. With its overall growth momentum, interest from traders and technology, it can become a dominant force in the industry, positioning it as the best cryptocurrency to invest in.
FAQs
Which Crypto Is the Best to Diversify With?
Out of our list, we have chosen the KangaMoon crypto as the best one to buy today. This is a presale-stage project that currently has an affordable entry point and 100x in growth potential, making it the best cryptocurrency to invest in.
What Crypto Has The Highest Growth Potential?
Projects in their presale stages like KangaMoon have the most growth potential. That said, those who want far more well-established projects to diversify with can also take a look at Internet Computer, Optimism, Chainlink, and Render.
What Is the Most Profitable Crypto to Diversify With Right Now?
Historically, the most profitable crypto for traders and investors has been Bitcoin. Originally worth less than even a dollar, it has since increased significantly, and in 2024 reached its latest all-time high.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
