Ready for 2024: Top 20 Best Coins to Invest In

For those new to the cryptocurrency market, you’ll be “overwhelmed” by the thousands of different coins. Which coin to buy in 2024 is a question on many people’s minds. Of course, it is difficult for anyone to predict and guarantee which coin will appreciate in value in the future. However, we can rely on fundamental analysis, look for coins with strong fundamentals, and many “stories” for growth. Therefore, below is a list of the 20 best coins to invest in for 2024 for your reference.

Before you delve into these choices, here are some notes for you:

• The first 5 picks are the top priority. If you’re investing in cryptocurrency in 2024, you should pay most attention to them.
• The next 15 picks are in random order. Each coin has a different story and a different field. They may be less safe than the first 5 choices, but they are still projects of interest this year.
• Recommendations do not take into account the current price of these coins. Whatever your investment choice, make sure you find a reasonable entry point, and they are only truly effective in a generally bullish market condition.
• This article is based on a personal perspective and hopes to only provide information for reference. You are responsible for any investment decisions you make.

If you are ready, let’s explore what are the highest-rated coins by Invest286.com today. We will not delve into “what they are”, but will briefly talk about what we are expecting from these projects.

Best Coin to Invest In 2024

Ethereum ($ETH)

Which coin to buy in 2024? For obvious reasons, Ethereum will certainly be the best coin to invest and a staple in this list.

We will not go into introducing what Ethereum is, as most people already know about it. To avoid rambling, I will list the best reasons for us to choose Ethereum:

• Strongest network effect to date
• Strongest ecosystem so far (especially in DeFi and NFT)
• Excellent leadership and developer team (possibly the best)
• Most popular institutional cryptocurrency investment after Bitcoin
• Continuously developing technology (Continuous upgrades and successful launches)
• Excellent tokenomics (even deflationary)
• Will benefit from the development of Layer-2

Polygon ($MATIC)

I believe that Layer 2 will dominate the smart contract platform space.

Polygon has uniquely positioned itself. It is working on several Layer-2 solutions and so far has the best brand partnership relationships in the entire web3 space (Facebook, Instagram, Starbucks, Reddit, Disney, Adobe, Stripe, etc.). In addition, Polygon has high speed and low cost (meaning it can support gaming) and is rapidly developing its NFT ecosystem.

On the list of the best coins to invest in 2023, I think Polygon is most deserving, because at this point, it is an investment with the best Risk:Reward. Although currently, we have not seen how the large partnerships of Polygon affect its price. Even, Polygon is not yet a Layer 2 (currently it’s more like a sidechain). But I believe the Ethereum L2 space will be one of the most important spaces for web3 in the future, and Polygon is developing SIX different solutions to scale Ethereum, including one using zero-knowledge technology (ZK rollup).

Additionally, I would like to point out two more bullish cases for Polygon that I see no one talking about:

• Lens Protocol is currently the most promising decentralized Social Media (Socialfi) platform. And it’s being built on Polygon. We really don’t know what the future will hold for decentralized social media but if people consider this a billion-dollar industry then the opportunity for Polygon is huge. Polygon will have a unique competitive advantage and become a leader in this emerging market.
• The main reason Solana had such impressive growth over the past 2 years is because of its NFT ecosystem. I think Polygon has the best chance of doing something similar and may even surpass it. Magic Eden, Solana’s largest NFT marketplace (and the most complete NFT marketplace in the entire web3) has been integrated with Polygon. Phantom, Solana’s most popular wallet, known for its great user interface, is also integrated with Polygon. And what’s better than the fact that the DeGods team, the team behind the project that dominated the entire Solana ecosystem, launched a collection on Polygon, and gradually moved to Polygon to support its growing NFT ecosystem. I don’t expect Polygon NFTs to grow to the level of Solana, BUT certainly, Polygon will have remarkable NFT development in the coming time.

Bitcoin ($BTC)

Best coin to Invest 2024 would be remiss if this list lacked Bitcoin. You always have to respect Bitcoin – whether you want to invest in BTC or not.

Bitcoin might not be as exciting as other projects, but it remains the symbol of decentralization and is the most famous cryptocurrency in the world. Its technology may be outdated and it almost has no ecosystem, but from an investment perspective, BTC is still KING. Bitcoin is also a popular choice among institutional investors, and it’s almost the safest option in the entire crypto market.

Cosmos ($ATOM)

As the Web3 ecosystem develops, I see the argument for application chains becoming increasingly attractive. And when projects decide to implement their own custom chains, they’ve made clear what their first choice is.

Cronos, Kava, Osmosis, and ThorChain are all on Cosmos. And DYDX is in the process of moving there. Cosmos enables the need for flexibility and interoperability in cryptocurrency. Currently, I see three major price catalysts for Cosmos:

• The innovation boom, driven by Cosmos’s unique technology as well as the increasing flexibility and customizability it allows. This includes new projects launching within Cosmos as well as existing projects moving to its ecosystem.
• Major chains like Ethereum, Solana, and Cardano connecting with the Cosmos ecosystem to enable cross-chain communication.
• ATOM’s new tokenomics model. The growth of Cosmos as an ecosystem is not fairly reflected in the price of ATOM because of its old tokenomics system’s high inflation. But this is changing with ATOM 2.0.

BNB ($BNB)

Think about it and be honest here. CEXs are not going away, no matter how much FUD there is. CEXs are how new users enter the cryptocurrency market and it’s how 90% of people trade. Therefore, as cryptocurrency adoption grows, so will CEXs. And at this point, the CEX industry has a clear leader, Binance.

Binance has stood the test of time, overcoming difficulties and while its competitors spent billions of dollars on advertising and sponsorships, they have remained sensible. The bubble burst and cryptocurrency companies collapsed, but Binance is still here, growing steadily.

Which coin should you buy in 2023? Betting on BNB is betting on CEX, and ultimately on mass adoption. So, in my personal opinion, BNB is bets coin to invest, is always a long-term investment to have in your portfolio.

*** The above 5 coins should be a priority, where you can allocate a large amount of capital. The choices below are less of a priority, and you can allocate a smaller amount of capital to look for price increases with these coins. ***

Optimism ($OP) and Arbitrum ($ARB)

I’ve said it above and I’ll continue to say it: Layer 2 is going to explode in the near future.

In this choice, I was torn between Optimism and Arbitrum. These are the two strongest Layer-2 platforms at present, with impressive development in TVL and seem to be dominating this segment. I have a tendency to invest in “industry-leading” coins, and of course, these two projects are worth watching.

Đội ngũ của cả 2 đều rất tốt, công nghệ vượt trội và có nhiều thứ để phát triển trong tương lai. Nên mua coin nào 2024, bạn có thể phân bổ 1 lượng vốn nhỏ cho OP hoặc ARB (hoặc nếu có thể thì cả 2 cũng tốt). Đặt cược vào Layer-2 thì đây là 2 lựa chọn sáng suốt nhất.

Đọc thêm: Is ARB coin the Next Big Investment? Review Arbitrum (ARB) A – Z

GMX ($GMX)

In a short time, GMX has become one of the biggest DeFi projects in the entire cryptocurrency ecosystem, with over 180 thousand users and nearly 80 BILLION USD in trading volume. Their business model is simple: An excellent, easy-to-use DEX platform for users to trade perpetual futures contracts. But GMX does it in a decentralized way.

The platform generates revenue from unprofitable user transactions (much more than from profitable transactions) and shares that revenue with GMX token holders.

The reason I rate GMX highly on the best coin to invest in 2023 list is because of the fairly stable cash flow, and it is definitely a project that started a crypto narrative called “Real Yield” – Real profit. And above all, it has made an effort to build its platform during one of the worst cryptocurrency winters in history.

Chainlink ($LINK)

Web3 requires a way to communicate and retrieve data from the outside world. For a long time, dapps have chosen Chainlink Oracles as a means to do this. Many are unaware of it, but Chainlink’s role is CRUCIAL to the cryptocurrency ecosystem. You wouldn’t believe how many projects rely on it to make their Dapps function. The importance of Chainlink is not at all reflected in its valuation. LINK is an undervalued coin (possibly due to its tokenomics). However, that is changing with Chainlink 2.0 introducing new tokens, staking, and additional utility.

Frax Finance (FXS)

To me, Frax Finance can be seen as “all in one“. Firstly, they have a decentralized stablecoin in operation ($FRAX), which already has a significant market cap. But they also offer AMM, cross-chain bridges, lending protocols, ETH staking, and nearly every DeFi service you can think of. Usually, such spreading out would prevent a project from mastering something specific and standing out, but everything seems to be working quite well for them. The Frax team has certainly shown their ability to build and scale, while creating a comprehensive DeFi system as we see it.

Another point is that FUD about BUSD has occurred, and many are concerned about centralized stablecoins. Therefore, decentralized stablecoin solutions like FRAX will gain attention, and undoubtedly, FXS will benefit from this.

Flux ($FLUX)

Am I the only one who feels it’s odd that decentralized storage hasn’t taken off yet? Projects like Flux and Filecoin allow people to store their data securely and independently of third parties.

Flux aims to become the AWS of web3 and it actually has a quite competitive product, often beating Amazon in storage costs. Hopefully, this meta will start to trend around the year 2024, especially as NFTs begin to grow again.

Fetch.Ai ($FET)

Even though the AI story is not as hot as it was in 2023. But we should still bet on this technology for the future.

Fetch.ai is the highest market cap coin in the AI category (excluding coins that are not entirely AI like GRT) and it even has the term in its name. I haven’t researched deeply into Fetch.Ai. But if betting on Web3xAI, then perhaps FET is the most relevant coin to pay attention to right now.

Solana ($SOL)

Solana is funny because it went from being the “Ethereum killer” and “the future of web3” to “dead coin” and became a large-cap coin that was decimated from its peak. I think SOL is currently undervalued. Returning to its all-time high would yield a tenfold ROI.

Indeed, a large part of the overvaluation of SOL was related to the shenanigans of FTX. FTX collapsed, and SOL price was heavily affected. But that doesn’t mean we should dismiss Solana. Solana currently has a lot of developer activity (and interest), the second-largest NFT ecosystem, and the potential to become a market leader in the cryptocurrency game. These are two industries with the potential to generate billions of dollars. But it doesn’t stop there.

I believe the X factor for Solana is truly their mobile offerings. It’s not just the Solana phone, but the Solana Mobile Stack (SMS) that is interesting. Solana Mobile Stack will bring web3 to Android smartphones. Imagine people building dApps like they are building apps. Solana has promised there will be a dApp store, you will be able to perform cryptocurrency transactions with ease, and you will be able to mint NFTs on your phone. Overall, the smartphone market is a trillion-dollar opportunity and Solana might have a first-mover advantage. That is why SOL is best coin to invest, is a coin of interest at this time.

Stacks ($STX)

Stacks is a blockchain that is built on top of Bitcoin. It leverages Bitcoin’s decentralization and high security while using its own unique Proof of Transfer (PoX) consensus mechanism to allow developers to build and deploy support for DeFi, NFTs, and other smart platforms. Because transactions are settled on the Bitcoin network, Stacks based on PoX can maintain a high level of security with BTC. And developers can enjoy all the benefits of Bitcoin without having to modify Bitcoin itself. Stacks now offers a number of core functionalities on the Bitcoin network, including DeFi, NFTs, BNS, and more.

As for DeFi, we all know that current DeFi protocols are mainly built on networks like Ethereum, which almost do not exist on Bitcoin. However, through Stacks, developers can deploy DeFi protocols on the Bitcoin network. Since Stacks is linked to Bitcoin through its PoX consensus, all transactions are also settled on the Bitcoin network, allowing developers to deploy DeFi smart contracts that can be used with Bitcoin functionality.

In terms of NFTs, Ordinals is the first NFT platform on the Bitcoin network. It is also based on Stacks and is built through Clarity smart contracts. Because of Bitcoin’s security, NFTs deployed on Stacks can be the safest in this area (from a security perspective). It can be said that all aspects of Stacks NFTs are designed around security. Although the programming language Clarity is optimized for security and clarity, every smart contract written in Clarity can be read on the public blockchain.

Thorchain ($RUNE)

Thorchain provides infrastructure for decentralized asset swapping across different chains. Think of it like Uniswap, but instead of swapping ERC-20 tokens for another ERC-20 token, you can swap BTC for ETH or ATOM for BNB. Before ThorChain, this was mostly done through bridges and Wrapped tokens, but bridges can be attacked. ThorChain makes it safer and better.

The future is certainly cross-chain, and there is a large market for what ThorChain is trying to do. If they manage to maintain a leading position in the industry, their token will explode in the next bull market. But beware, as this will not be easy. Protocols like LayerZero are becoming popular, and they have a lot of funding and support.

Oasis Network (ROSE)

Oasis is a DeFi platform that combines high throughput and low gas fees with a secure architecture to provide the next generation platform for Web3 and can offer support for DeFi, GameFi, NFT, Metaverse, data tokens, and data DAOs.

Currently, Oasis Labs has partnered with companies like Meta and BMW Group Genetica to build platforms and products aimed at further protecting individual privacy, data governance, and responsible data use. If you are looking for the best coin to invest in for 2024, ROSE is also a worthy coin at this time.

Immutable ($IMX)

Another Layer2, but optimized for NFTs and gaming, with some of the most impressive technology in this space. They wield zero-knowledge proofs (ZK Rollup) as they are building with StarkWare, and their scalability is astounding. You can mint millions of NFTs in bulk and basically pay no gas fees.

Immutable has had some of the top crypto games built on it (Illuvium, Gods Unchained) and a number of solid partnerships (Gamestop).

The only downside of IMX is their tokenomics system. They unlocked a large amount of tokens a few months ago and there are still coins being unlocked daily. However, I think it is still a highly underrated project.

Quant ($QNT)

Quant is a blockchain interoperability platform designed to provide secure and scalable solutions for businesses to build and connect their distributed systems. Their model is quite simple: to offer blockchain solutions to enterprises. They provide specially designed APIs that enable businesses to create digital tokens, build payment systems, solve supply chain issues, manage data, and more.

Betting on Quant is like betting on blockchain technology more than betting on web3. If you think enterprise adoption is coming, then investing in Quant can be reassuring, as it will be the best coin to invest in 2023. It could be a project of significant value in the industry.

Don’t forget, Blockchain Interoperability is predicted to be a major trend for the future of cryptocurrency. And QNT is one coin in this field.

Theta Network ($THETA)

Theta is building the infrastructure for decentralized media. They aim to create a web3 Twitch, web3 YouTube, and web3 Netflix, all while empowering creators. At least that’s their plan. Can they succeed? We do not know. Their idea is very good, providing freedom to creators, reducing costs, and rewarding viewers.

Being realistic, the industry is heavily influenced by network effects, and competing against giants like Amazon, Google, Disney, and Netflix is a formidable challenge. For Theta to gain a significant market share, a substantial shift towards decentralized technology and Web3 would be required.

However, achieving such a feat might not be necessary for Theta. Even a modest solution in an already established industry could trigger a significant surge in the coin’s value during a bull market. Both whales and smaller investors may compare Theta’s valuations with those of the streaming behemoths, anticipating up to 20-fold returns from THETA. In a rising market, this potential alone can be sufficient for profitable trading. Nevertheless, it’s crucial to invest cautiously, given the high risk involved.

Dust Network ($DUST)

DUST might just be the “craziest” name on this list of best coins to invest in for 2023. It is the token of Dust Labs, the team behind the NFT projects DeGods and y00ts. It has a number of utilities within the Dust ecosystem and they have hinted that they have big plans for it. It’s hard to imagine what these plans could be, but anyway, it is an opportunity to take a bet.

I am quite impressed with the team behind these projects, especially Frank and Kevin. Their NFTs are too expensive, so the token is the best option for us. Overall, on the list of the best coins to invest in for 2024, I choose DUST – but with the view of treating it like a shitcoin.

Mask Network ($MASK)

Mask is a browser extension that integrates with pre-established social media platforms like Facebook and Twitter and it gives them web3 capabilities. It is like what we imagine Twitter would be if Elon Musk fully embraced the web3 route. Although not many people are on it yet, it is still very, very impressive.

Decentralized social media is a great idea but it will be very hard to compete against the network effects of giants like Facebook and Twitter. Perhaps MASK’s approach is the key to a future where web3 and social networks are interconnected.

Which coin to buy in 2024? Above is a list of 20 best coins to invest for 2024, from our point of view. We hope this article provides you with some suggestions if you are still hesitant in building your cryptocurrency investment portfolio. Always remember, the first 5 listings are the best for 2024, the rest are other projects with quite potential. However, there is no guarantee that all of these projects will increase in price in the future. Thorough research and staying updated on information from the projects is essential when you invest in any project. Good luck.