15 Best Crypto to Buy in 2024: Know Them Before Others

2024 is approaching, and savvy investors like you must have already started planning for it. A part of that planning is to create a list of the cryptocurrencies to buy in 2024. However, let’s accept that making this list is no walk in the park. Comparing dozens of cryptocurrencies on various parameters to pick the best is highly time-consuming and effort-consuming.

But fear not, we've got your back!

We have handled this heavy lifting to bring you a well-curated list of 15 of the best crypto to buy in 2024.

We have also answered some of investors' highly sought-after queries for the upcoming year, like which crypto you should buy in 2024 and if Crypto prices will increase in 2024.

So, without further ado, let’s dive straight into the list.

Here are our 15 best cryptos for 2024 :

1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Solana (SOL)
4. Ripple (XRP)
5. Polygon (MATIC)
6. Cardano (ADA)
7. Dogecoin (DOGE)
8. Stacks (STX)
9. Decentraland (MANA)
10. Shiba Inu (SHIB)
11. Bone ShibaSwap (BONE)
12. Litecoin (LTC)
13. Chainlink (LINK)
14. Polkadot (DOT)
15. Terra Classic (LUNC)

But why these coins? Let’s figure it out in detail.

15 Best Crypto to Buy in 2024

1. Bitcoin (BTC)

Bitcoin (BTC) is the king cryptocurrency with the largest market cap of around $814.67 billion. Launched in 2008, it has existed for the last 15 years, longer than any other cryptocurrency.

2024 has much potential for Bitcoin as this is the year of Bitcoin Halving. For those who are not aware, Bitcoin halving is an event that occurs every four years when the Bitcoin mining reward is reduced to half. The last time this halving occurred was in 2020 when the Bitcoin mining reward was reduced from 12.5 BTC to 6.25 BTC. After four years, this halving will happen again in April 2024, when the BTC mining reward will decrease to 3.125 BTC from 6.25 BTC. Know how Bitcoin halving will affect miners.

Many analysts predict that this reduction in new supply will drive up the Bitcoin price in 2024. One of them is the British Multinational Bank Standard Chartered, which has indicated that Bitcoin will hit $100,000 by the end of 2024, with halving being the key catalyst behind this surge. The bank also claimed that ‘crypto spring’ has already begun.

Another factor that makes Bitcoin a must-have crypto for 2024 is the possibility of approval of multiple Bitcoin spot ETFs in the USA for the first time. It will open the floodgates for institutional funds into Bitcoin if that happens. The U.S. SEC (Securities and Exchange Commission) faces a deadline of January 10 to approve the Bitcoin ETF applications. As a result, Bitcoin has already started to gain momentum, citing the deadline for these ETFs coming closer. Bloomberg analysts predicted that Bitcoin ETFs have a 90% chance of approval by January 10, 2024. Due to such a high probability given by experts, the market has already started to act bullish for Bitcoin.

Considering all these factors, 2024 could be a blockbuster year for Bitcoin, both adoption and price-wise. Hence, it tops our list of best crypto to buy in 2024.

2. Ethereum (ETH)

The next best crypto for the 2024 bull run is Ethereum. It is the powerhouse crypto for the DApp and NFT development space and shows great growth potential.

The current momentum of Ethereum is bullish, amid the market sentiments turning bullish with the anticipation of the Bitcoin Spot ETF deadlines coming closer. Moreover, months after applying for Bitcoin Spot ETFs, Blackrock applied for Ethereum Spot ETF, increasing the chances of mass adoption for Ethereum in 2024.

The technical future outlook of this biggest altcoin also looks promising, given its long-term roadmap to bring chapter transactions, enhanced security, and a more seamless experience. According to various reports, Ethereum can roll out its Dencun upgrade in the first quarter of 2024. This upgrade will optimize the gas fees and improve the network security via improved roll-ups as the next step for Ethereum toward becoming a highly scalable crypto project.

Due to all these factors, Ethereum (ETH) seems to be a suitable bet to put on your money in 2024.

3. Solana (SOL)

Our third choice in the best crypto for 2024 is Solana (SOL). Known for its lightning-fast transaction speed with a capacity of 65,000 TPS, the Solana blockchain has the power to be 10,000 times faster than Bitcoin and 4,000 times faster than the Ethereum blockchain. It makes Solana a favourable blockchain network for building and deploying dApps, DeFi, and NFTs that require high throughput.

Despite its impressive fundamentals, Solana faced much heat last year due to its significant investment in fraudulent FTX exchange. However, this year, altcoin has remarkably recovered by over 350%, surpassing Bitcoin and Ethereum’s one-year gains.

Technically, too, SOL has had a good year as its downtime incidents reduced to nearly zero in the last 1 year. Compared to 14 downtime incidents due to congestion and bugs in 2022, Solana faced only one downtime in 2023. That means the chain has maintained an uninterrupted uptime since February 2023, the longest it has ever held. With these improvements, SOL has managed to regain much of investors’ trust back in 2023.

It will probably forward this bullish performance to next year. The overall improved market sentiments due to the FED finally pulling breaks on its interest rate hikes and anticipation of institutional investors coming into crypto could play a vital role in the further price recovery of SOL in 2024.

The crypto has also onboarded multiple new clients, such as Fire Dancer by Jump Crypto and SG by Syndica, solidifying its position as a popular DeFi building platform in the crypto space. Even big investors in the space, like Cathie Woods in her interview with CNBC, showed satisfaction with Solana on November 15, 2023. She praised Solana's recent performance and developments by saying it is doing a “really good job”. Thus, Solana undoubtedly has the potential to emerge as the top crypto for 2024 in growth.

4. Ripple (XRP)

Another best crypto to buy now before 2024 strikes is Ripple (XRP). This crypto had been fighting a legal battle with the US SEC that called XRP security and alleged Ripple of selling unregistered security since 2020. In July 2023, the judge finally ruled that XRP is not a security, paving the way for the much-needed market recovery for XRP. Within a year, XRP price surged 65%, a good number given the overall market growth.

According to many industry experts, this lawsuit was the biggest obstacle to the growth and adoption of Ripple, and it gained victory over it. Moreover, Ripple’s aim to revolutionize money transfers worldwide by providing efficient and cost-effective alternatives to existing SWIFT banking systems may also gain traction.

The recent on-chain data related to XRP also shows good buying activity, which hints at the restoration of investors’ trust in this coin. Due to all these reasons, XRP managed to secure a place as a possible best crypto for 2024.

5. Polygon (MATIC)

2023 has been a year full of upgrades for Polygon (MATIC). Initially, in March, it successfully launched its zkEVM mainnet, and only a few months later, it welcomed the first zkEVM upgrade. Polygon also unveiled its scaling ecosystem plan proposal, Polygon 2.0, in June 2023, which involves the migration of existing MATIC tokens to new POL tokens in 1:1 proportion. After getting the community approval, the upgraded contracts related to this plan will soon go live on the testnet.

Not only that, but even the last month of 2023 will be full of exciting Polygon news. It includes the public demo of its next-generation ZK product on 14th December 2023, which will have high significance in the Ethereum ecosystem. Polygon also plans to bring in something exciting (not revealed yet) for RWAs (Real World Assets) and institutional adoption this month.

Considering these exciting upgrades, the future of Polygon looks promising for 2024. Its developers are in talks to implement multiple improvement proposals in the Polygon blockchain to take its scalability, cost-effectiveness, and security to new heights. Thus, it is likely that MATIC can silence its naysayers by emerging as the top crypto for 2024.

6. Cardano (ADA)

Another contender that can win the battle of best crypto for 2024 is Cardano (ADA). Multiple analysts agree that ADA is currently one of the most underpriced cryptos that can surprise its investors anytime soon. The reason behind this is the technical on-chain data of this crypto, which is signing a solid upward trend in ADA price.

According to an analysis by a crypto analyst, Ali Martinez, ADA is currently in its “key demand zone” as multiple addresses had bought ADA when it was trading between $0.37- $0.38. At this point, ADA can break its resistance and start a prolonged upward rally if it gets minimal resistance and a good level.

An increase in the active wallet addresses holding ADA, transaction volume, and TVL (total value locked) have also been recorded in ADA, all indicating positive investor sentiments for it. Moreover, in the last three months, ADA transactions over $100,000 have reached new heights, pointing to the growing interest of crypto whales and institutional investors in ADA. This scenario usually happens before the price spikes in an asset. Due to all these indications, ADA can be the best crypto for the 2024 bull run.

7. Dogecoin (DOGE)

No list of the best crypto for 2024 can be completed without mentioning an upbeat meme coin; our list is no exception. Dogecoin (DOGE) has multiple crypto heads millionaires and can do that again in 2024. Being the largest meme coin by market cap, DOGE enjoys a cult-like following that impacts its price positively.

Since the sentiment index of the crypto market is shifting from the fear to greed index, investors are returning to their bullish stance over memecoins. A key indicator of this is the ongoing meme coin rally that increased the DOGE price to 37.8% within one month. With that, the investor risk appetite has been rising and can continue in the next year if no black swan event occurs.

The space mission, DOGE-1, launched by the SpaceX Falcon 9 rocket, can also occur right before the beginning of 2024, giving DOGE a good start for the year. This mission involves sending “physical Dogecoins'' to the lunar surface, signifying the popular phrase “Dogecoin to the moon” in the real sense. Many reports stated that DOGE-1 can take off this December. If it happens, we can expect the Dogecoin community to bubble with joy, boosting the DOGE price to new highs.

Another reason behind considering DOGE as the top crypto for 2024 is the recently released highly bullish predictions. The latest Dogecoin price prediction by Digital Coin Price states that DOGE can hit as high as $0.22 in 2024.

8. Stacks (STX)

Stacks (STX) is a hidden gem that could disrupt the market with its price surges in 2024. As many of you know, Stacks works to bring in NFTs, DeFi, dApps, and other Web 3 elements to the Bitcoin ecosystem. It aims to extend the Bitcoin functionality beyond just a peer-to-peer value transfer system and build a proof of transfer (PoX) between itself and the Bitcoin blockchain. Under this setup, the miners must first spend a small amount of BTC to participate in the Stacks mining process.

Due to this infrastructure, Stacks (STX) correlates directly with Bitcoin and its price movements. Multiple reports declare that Stacks (STX) often copies the Bitcoin (BTC) price movements. The correlation between them has reached as high as 0.8 early this year. Thus, with a strong possibility for the halving year turning out good for Bitcoin, Stacks (STX) can be the best crypto to buy in 2024 for investors, given that it has a way lower price than Bitcoin (BTC).

Regarding the upgrades, Stacks (STX) has some exciting releases for Q1 2024. One is the Nakamoto Release, which will introduce sBTC and faster transactions in the Stacks ecosystem. sBTC will be a 1:1 bitcoin-backed asset in the Stacks L2 that will enable a decentralized movement of BTC in and out of Bitcoin layers to different blockchains.

Unlike other bitcoin-pegged coins, sBTC will have no centralized custodians, and Smart contracts will manage its transactions in a decentralized network of validators. For that reason, it will have no custodian fee, making its transfers cost-effective for Stacks users. With its help, lending, borrowing, and swapping, Bitcoin would become more accessible in the Stacks ecosystem. According to the official website of Stacks, the mainnet version of sBTC will go live in 2024, giving investors another reason to consider buying STX.

9. Decentraland (MANA)

Undoubtedly, the Web 3 gaming space is growing with leaps and bounds. With the incentivizing working of Play-to-Earn (P2E), Web3 gaming projects have been attracting new gamers every day. Decentraland (MANA) has a well-established reputation and market share in all these projects.

Decentraland is an online gaming platform that lets its users use MANA (the native currency of Decentraland) to purchase, sell, swap, and customize virtual assets in various games. Beyond gaming, it provides utilities for online learning, social networking, virtual conferences, RWAs, and many more. Thus, it covers a vast space with immense growth potential in the upcoming years.

Even the 2023 performance of Decentraland is improving. As per Similarweb, the Decentraland website had 636.7K active users in March 2023, which has increased further in the last few months. Decentraland has seen good overall growth in 2023 in the number of unique active wallets. Industry experts are expecting Decentraland to carry forward this growth even next year.

Additionally, the recently released study by Coingecko states that over 75% of Web3 games ‘failed’ in the last five years. Such a high failure rate indicates that only a quarter of all Web 3 games launched can maintain their popularity over the years, and Decentraland is one of them. Therefore, MANA has a high chance of becoming the best crypto for the 2024 bull run, given the continuously rising gaming and metaverse space.

10. Shiba Inu (SHIB)

The next best crypto for 2024 is Shiba Inu (SHIB), and the reason is Shibarium, the newly released layer-2 blockchain solution for Shiba Inu.

Launched in August 2023 after a year of beta testing, Shibarium aims to reduce the cost and time involved in processing transactions of various Shiba Inu tokens. Shibarium is an additional layer that takes away load related to Shiba Inu transactions from the Ethereum blockchain. It uses the underlying security of Ethereum but processes the transactions itself and then updates them back on the Ethereum blockchain.

Its launch has marked the beginning of a new chapter for Shiba Inu (SHIB), which will now undergo occasional burning for supply maintenance. Shibarium would use 70% of its collected base fees to burn SHIB tokens and the rest 30% to maintain and operate the network. It will first collect the fees in Shibarium’s gas cum governance token, BONE, and then will convert it into SHIB tokens once it reaches the value of $25000. After this conversion, Shibarium will burn the amount of SHIB tokens by sending them to a dead wallet.

This mechanism will become automated starting January 2024, setting up a continuous burning mill for SHIB tokens. If that happens, SHIB can experience a supply crunch, spiking its price over time in 2024. Since SHIB is trading at nearly 88% below its ATH of $0.00008845, it is undoubtedly one of the best cryptos to buy now at a sale price.

11. Bone ShibaSwap (BONE)

Shibarium isn't just a feather in SHIB's cap. Instead, the rising tide has the power to lift all tokens in the Shiba Inu ecosystem, and that’s why Bone ShibaSwap (BONE) is also on our list of top crypto for 2024.

BONE is the governance token of Shiba Inu, with a capped supply of 250,000,000 BONE. The Shiba Army uses it to have a voice in the voting proposals presented in the Doggy DAO. The official website of Shibarium describes BONE as the foundation upon which the Shibarium layer is formed. It also acts as the gas token that users pay as the fee for all their Shibarium transactions. Thus, if Shibarium gains popularity and adoption in 2024, BONE is highly likely to benefit. Moreover, it also has a strong community on various platforms that can further contribute to strengthening its future price surges in 2024.

12. Litecoin (LTC)

As its name suggests, Litecoin (LTC) is fundamentally the “lite” version of Bitcoin. Popular as silver to Bitcoin’s Gold, this crypto underwent halving in August 2023, when its mining reward was reduced from 12.5 LTC to 6.25 LTC. Due to the reduced supply, Litecoin (LTC) is one of the best cryptos to buy now, as it can soon expect a bullish rally due to supply crunch. Recently, it also made a new all-time high by registering 1 million LTC transactions on November 14, hinting toward rising on-chain activity.

Another factor that can make LTC the top crypto for 2024 is its strong correlation with Bitcoin. As per the data by Macroaxis.com, the correlation score between Bitcoin and Litecoin is 0.88. This is relatively high as the possible ideal correlation is 1, meaning that both the crypto moves in the same direction nearly 88% of the time. Thus, given the bullish possibilities of Bitcoin due to the upcoming halving and ETF excitement, Litecoin (LTC) may likely follow a similar upward trend in 2024. Citing these scenarios, we have included LTC as the best possible crypto for the 2024 bull run.

13. Chainlink (LINK)

Another best crypto for 2024 is Chainlink (LINK), which holds the 12th rank by market cap. This crypto has gained attention this year by remarkably recovering 121%, surging from $5.2 to $13.2 annually. Despite this recovery, the crypto is nearly 70.57% down from its ATH, indicating much-unleashed potential. Many analysis reports anticipate LINK to make new highs in the next altcoin season, which can begin in 2024.

The Chainlink (LINK) community is also counting down to 2024 with the excitement of the bull season. This year’s groundbreaking partnerships of Chainlink with SWIFT, a globally recognized cooperative, and multiple upgrades in its protocols have strengthened the investors’ confidence in this crypto. As a result, a significant surge in new wallet addresses on the Chainlink network has also been reported since the beginning of September.

The wallet addresses that were only 467 before have now reached 3044, representing a magnificent surge of 650% in only 90 days. Such a good surge is usually a sign of a price increase in the asset over time. Additionally, the interest of whales, aka large investors, has also been boosted in Chainlink.

14. Avalanche (AVAX)

Avalanche (AVAX) is also a strong contender for emerging as the best crypto to buy in 2024. By recently regaining its position in the top 10 crypto by market cap, Avalanche (AVAX) has made investors’ heads turn in the last months of 2023. The currency surged nearly 400% since October 20, 2023, jumping from $9.02 to over $38 in less than two months.

The strategic partnerships of Avalanche with TradFi banking giants like CitiBank and JP Morgan to help them develop RWA (Real World Asset) are among the key reasons behind this bullish rally. This partnership solidified Avalanche's strategic focus on RWAs, giving its investors a good feeling about its future. Additionally, Avalanche Foundation, the non-profit institution behind AVAX, also recently started Avalanche Vista, a $50 million fund for research on RWA.

These steps by Avalanche, amid the predictions that the RWA industry will become worth trillions of dollars in the upcoming time, helped AVAX gain upward momentum. Its investors seem to be betting on the potential gains that its RWA front line can give. Moreover, a surge in network activity is also noticed as the daily AVAX transactions soared from $200,000 to $4.5 million. Even the active wallet addresses have also increased, hinting towards a restored trust on the network.

Many analysts think that Avalanche is historically undervalued as it has demonstrated higher Total Value locked (TVL) than its competitors like Solana in the past, indicating solid chances of it experiencing more price surges in 2024. Since the recent on-chain activities and collaborations associated with Avalanche reflect growing adoption and high potential, it can be the best crypto for 2024.

15. Terra Classic (LUNC)

The last name in our collection of top crypto for 2024 is Terra Classic (LUNA). LUNC has made multiple headlines in the previous month by surging over 212% in 30 days. It was quite a jaw-dropping comeback of this crypto, especially after the terrifying Terra LUNA collapse backstory associated with it.

Analysts think this price recovery resulted from multiple smart strategic decisions by the platform. One is injecting $500,000 into TerraClassicUSD (USTC) by Terra Classic Labs (the company behind Terra Classic). This move strengthened investors' confidence in LUNC, causing its price to go up parabolically.

Another reason could be the substantial token burn of 83 billion LUNC tokens that reduced the supply temporarily, driving up the price. As an instant reaction, Investors pulled up the price of LUNC, giving it the much-awaited comeback. This sudden and significant boost in the LUNC price is noteworthy as it may continue in 2024. Many experts have hinted that whales have reentered the LUNC market, instigating such big jumps in its price. Thus, the chances of LUNC becoming the best crypto for the 2024 bull run are high.

You May Ask

Which crypto should I buy for 2024?

The answer to which crypto you should buy for 2024 depends on your risk appetite, existing portfolio proportions, and financial goals. If your risk appetite is high, you can consider popular memecoins with good potential, like Dogecoin (DOGE) and Shiba Inu (SHIB). However, if you are looking for something safer for the long term, Bitcoin (BTC) and Ethereum are your best crypto for 2024. In case you already have these coins and want some other altcoins for diversification, Polygon (MATIC), Ripple (XRP), Cardano (ADA), and Stacks (STX) could be the best crypto for the 2024 bull run. Before investing in any of them, we advise you to have a personal level of research on the market and coins.

Which crypto will explode in 2024?

Cryptos that MAY (or may not) explode in 2024 are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Polygon (MATIC), Cardano (ADA), Dogecoin (DOGE), Stacks (STX), Decentraland (MANA), Shiba Inu (SHIB), Bone ShibaSwap (BONE), Litecoin (LTC), Chainlink (LINK), Polkadot (DOT), and Terra Classic (LUNC). According to the market sentiments, technical performance, and future possibilities, these are some of the best cryptos to buy now. We recommend you include popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), along with more traditional choices such as Bitcoin (BTC) and Ethereum (ETH), for a well-rounded investment strategy.

Will crypto go up in 2024?

Certainly! The trajectory of the crypto market is highly anticipated to go up soon when the best crypto for 2024 can get significant gains. Bitcoin (BTC) and Ethereum (ETH) are expected to play pivotal roles in this upward trend. Factors such as Bitcoin's halving event and potential approval of multiple Bitcoin spot ETFs in the USA contribute to an optimistic outlook. Investors should monitor the market's performance while diversifying portfolios with the top crypto for 2024 to make favourable returns.