Which altcoins to buy: current cryptocurrencies for July 2024

Altcoins

Anyone who has been following the prices of major digital coins in recent weeks has noticed that the assets are showing growth. However, it is not enough to increase the size of the capital.

New digital currencies, on the contrary, can bring multiple returns. Such assets are available at low cost, offer high staking rewards, and paper profits for early investors.

Investing in coins at an early stage of their existence is always high risk. Project founders cannot guarantee further growth in the value of the asset once it is listed on an exchange.

Nevertheless, choosing a coin to add to your portfolio can be a daunting task given the large number of options on the market. The article discusses which assets are worth buying at the moment.

What altcoins to buy in July: top 8 coins

With a low market capitalization, the assets on the list are capable of higher growth than bitcoin. Among them:

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  • Pepe Unchained – the first meme token in the Pepe series to get its own blockchain.
  • WienerAI – a coin with lucrative steaking rewards and its own trading bot.
  • PlayDoge – a Tamagotchi-style mobile arcade game with play-to-earn (P2E) mechanics.
  • Base Dawgz – a meme token launched on multiple chains that allows holders to earn passive income.
  • Sealana – a new token on the Solana network that is in the process of finalizing its presale.
  • 99Bitcoins – a well-known cryptocurrency education platform that has launched a monetization mechanism for its students.
  • Sponge V2 – the newest version of the popular Sponge V1 token, whose market capitalization reached $100 million at its peak.
  • eTukTuk – a project fighting climate change and offering crypto bonuses to its adherents.

Pepe Unchained

Pepe Unchained (PEPU) is a meme coin created on the second layer (L2) of the Ethereum blockchain. Given that L2 networks are built on top of the main chain, they offer certain advantages over mainstream blockchains. For example, they provide greater scalability and transaction speed. Thus, PEPU is the most efficient token among all coins with the meme frog mascot.

Which altcoins to buy: current cryptocurrencies for July 2024
Pepe Unchained project description

In addition, L2 tokens such as Pepe Unchained charge lower gas fees. This is because they reduce the volume of transfers on the main network. This will allow PEPU coin holders to have more assets on hand.

Another advantage of such cryptocurrency is the staking rewards. Passive annual income for blockchain coins currently reaches 1134%.

You can buy the altcoin at a discount, as the team recently started a pre-sale. Its value is $0.0081939. Early investors can potentially benefit more as the asset will become more expensive with each new phase of the presale. The cryptocurrency has raised $1.7 million, approaching the $2 million mark.Project Features:

  • Token holders benefit from faster transaction speeds.
  • By offloading the network, Pepe Unchained reduces transaction costs.
  • The first Pepe with its own blockchain.

WienerAI

Among the recently launched cryptocurrencies, one of the most promising is WienerAI (WAI). This innovative project has successfully embodied the essence of meme tokens while providing utility through the integration of artificial intelligence technology.

There are two aspects that make the coin a suitable asset for both long-term and short-term holders: an AI-based bot and staking. However, it is worth keeping in mind that as more tokens are bought and deployed, the APY (annual percentage yield) is likely to decrease. For this reason, joining the pool is recommended as soon as WAI coins are purchased.

The second plus for investors is the presented AI-based trading bot. According to the developers’ statements, the tool can be used even by Web3 beginners. The robot from WienerAI is equipped with its own predictive technology, which can be used to search for the best altcoins to buy.

This token is quite secure as the smart contract has passed SolidProof verification. With a total coin volume of 69 billion, 30% of the offering will be allocated to the presale. The presale has generated a lot of interest from the community and the company has raised over $6.9 million so far. The coin is selling for $0.000724 and the final value will be $0.000733. Additional perks:

  • If you send tokens to staking, you can earn an APY of 164%.
  • Trading with the bot is commission-free.
  • Special attention is paid to encouraging the project’s community.

PlayDoge

PlayDoge’s (PLAY) new mobile game combines high-definition graphics, touch controls, and blockchain integration to provide a unique experience. Given such characteristics, it’s no surprise that the app’s meme coin is among the top altcoins to buy (according to experts).

Which altcoins to buy: current cryptocurrencies for July 2024
PlayDoge homepage

The main component of the PlayDoge ecosystem is its PLAY token, which is endowed with P2E (“play and earn”) functionality. The arcade is an improved version of the traditional Tamagotchi thanks to rewards. A picture of the popular Doge meme serves as the virtual and game avatar. This further attracts crypto-enthusiasts.

Investors must “feed” their virtual pets and keep an eye on them so they don’t run away. The project team will launch mini-games. In them, gamers will be able to compete with their pet Doge and get PLAY as a reward.

Thus, traders have the right to earn by participating in the gameplay. To increase the capital, PlayDoge also gives PLAY owners the opportunity to join in on the steaking.

Out of the total supply of 9.4 billion tokens, 50% are currently being realized by pre-sale. In just 1 month, PlayDoge has raised over $5.3 million. The current value of PLAY is $0.00514 and the final value in the presale is $0.00539. Ecosystem Advantages:

  • PLAY’s ETH staking yields an annualized return of 114%, while BNB offers a return of 75%.
  • Coming soon to marketplaces from Google and Apple.
  • Additional bonus tokens are given to those players who make it to the leaderboard.

Base Dawgz

Base Dawgz (DAWGZ) is a new meme coin created on the Base blockchain. The market capitalization of such tokens on the network exceeds $2 billion. However, DAWGZ outperforms other Base-based meme assets and for this reason has the potential to gain the attention of the community once listed.

The cryptocurrency offers compatibility with multiple chains. Using Wormhole and Portal Bridge technology, holders of the coin can switch to Avalanche, Ethereum, Solana, and Binance blockchains. In this way, token holders will be able to trade on different exchanges and enjoy the benefits of each blockchain.

Which altcoins to buy: current cryptocurrencies for July 2024
Base Dawgz homepage

To create a large community, the team will reward loyal subscribers with a Share-to-Earn model. Community members can share DAWGZ coin-related content online and earn points for each post. Accumulated points can be exchanged for tokens after the pre-sale ends.

The total volume of DAWGZ is limited to 8,453,000,000, of which 20% will be used for the current presale. In addition, 15% is allocated for marketing activities. These have the potential to give the coin widespread exposure across all supported networks.

At the time of publishing this article, DAWGZ is valued at $0.005534 per token and the amount raised is $2.2 million. Benefits:

  • The platform will also offer staking rewards to token holders.
  • Traders can increase their initial investment without additional investment due to the Share-to-Earn system.
  • Savings on commissions due to the ability to switch to a cheaper network.

Sealana

In recent months, new Solana-based cryptocurrencies have distinguished themselves in the market. The likes of Slothana have had successful pre-sales. Other tokens (such as Popcat) have risen more than 170% in the last week. Thus, a new asset in this network could also show a multiple upswing after listing.

Sealana (SEAL) is a meme coin whose central character is an obese seal. He has the sole purpose of getting rich by trading digital currencies.

Which altcoins to buy: current cryptocurrencies for July 2024
Sealana homepage

SEAL aims to get in on the meme crypto asset frenzy and provide meaningful investment returns to early pre-sale participants. This strategy is common among similar tokens as it helps capitalize on the wave of community interest in the chosen character.

Currently, investors can join SEAL’s presale by sending SOL tokens to the project’s wallet address. Traders who prefer other altcoins such as ETH, BNB and USDT are free to connect their vault to the presale widget and exchange these assets for Sealana. There is also an option to purchase tokens using a bank card.

In just a few weeks since the launch of the pre-sale, Sealana has raised over $6 million. SEAL is selling for $0.022. Investors only have a few hours left to decide to buy these altcoins. The pre-sale will close soon. Additional pros:

  • The asset is available at a low cost thanks to the presale.
  • Powered by the Solana blockchain, the most sought-after network in 2024.
  • Is one of the “traditional” meme tokens that are not losing popularity in the market.

99Bitcoins

99Bitcoins (99BTC) is a leading platform that is dedicated to simplifying the concepts of cryptocurrencies and blockchain. The team recently announced the launch of their own digital coin, delighting over 2 million community members. The official pre-sale raised $2.3 million.

Which altcoins to buy: current cryptocurrencies for July 2024
Timer until the end of the investment

This service is designed for those who wish to earn cryptocurrency by learning it. Within the ecosystem, you can take tests, participate in interactive sessions and quizzes, and receive 99BTC tokens as rewards. The modules cover topics such as trading basics, buying altcoins, and more.

The total supply is 99 billion tokens, 15% of which are allocated for presale. Rewards for staking and ecosystem participation take up a total of 31% of the offering. This demonstrates the platform’s support for its community.

During the pre-sale phase, 99BTC can be purchased on the Ethereum network. However, the cryptocurrency will soon move to the BRC-20 standard, expanding its presence on the Bitcoin blockchain.

During the ongoing presale, the 99Bitcoins coin is selling for $0.00111. However, it should be noted that this value is not the final one. The asset will gradually rise in price until it reaches the presale maximum of $0.00113. Among the merits of the project, it is worth noting the following:

  • Annualized Yield (APY) of 720%.
  • Distribution of tokens worth $99,999 to community members.
  • Asset holders will get access to premium content such as advanced courses, webinars and VIP community groups.

Sponge V2

Sponge V2 (SPONGEV2) will be the second token issued in this ecosystem dedicated to the SpongeBob SquarePants meme. However, instead of forcing assets to “compete” with each other, the development team found a way to combine them and benefit the owners.

Traders transfer their Sponge V1 coins using a blockchain bridge to receive new tokens. This approach encourages long-term investment and community participation. Users who don’t have Sponge tokens can buy SPONGEV2 on the project’s website.

The fact that this time the developers are aiming to release a racing game for earning V2 to further increase community awareness is also encouraging for investors. The arcade will be available in both a demo and a paid version.

Sponge V2 will have a total supply of 150 billion tokens, 43.09% of which will go to steak rewards. 26.93% is reserved for upgrades, 7.5% for marketing purposes, and 4.47% for game development. Another 10% will be spent on liquidity and the remaining 8% will be saved for P2E rewards.

Investor benefits:

  • Staking rewards of over 50% per year on the Polygon blockchain.
  • An established social media community of over 50,000 users.
  • A racing game that brings in cryptocurrency.

eTukTuk

eTukTuk (TUK) is positioned as an ethical Web3 project focused on improving the transportation environment. Given that the coin solves real problems in society, the asset has generated a favorable reaction from investors. Early presale participants have invested more than $3.5 million in eTukTuk.

The developers are helping motorists switch to eco-friendly forms of transportation while offering profits. Moreover, eTukTuk will utilize the help of partners who will be instrumental in installing the necessary equipment for electric cars.

By purchasing this cryptocurrency, the trader will contribute to the construction of eco-friendly charging stations. In addition with the TUK token, drivers will be able to pay for charging sessions for their autos at a discounted rate. For these reasons, users who wish to invest in green promising altcoins can participate in the eTukTuk presale.

The token is being offered for $0.034 at the time of writing. This value will increase during the next stages of the presale and is expected to increase during the listing on the exchange. At the final pre-sale stage, TUK will be sold for $0.035. Additional upsides:

  • Environmental improvement and passive income is the perfect balance between the pursuit of social good and the search for financial gain.
  • The returns for blockchain TUK are as high as 80% per year.
  • An additional way to earn coins is to play eTukTuk in the style of Crazy Taxi.

What qualities an altcoin should have for growth in 2024

There are several categories of crypto assets that showed growth in the first half of 2024. Analysts of the Wublock portal expect: these coins will end the year with higher results.

Bitcoin (BTC) is up 45% in 2024 despite the fact that the price of digital gold is below the new all-time high of $73,700 recorded in March. Similarly, Ethereum (ETH) is up nearly 50% year-to-date.

In addition to the performance of bitcoin and ether, the two assets with the largest capitalization, several other niches stand out. The meme-token market demonstrates the best parameters: in 2024, the average growth of the top ten coins amounted to 1800%. Some altcoins from this sector were launched after the bull market of 2021. This demonstrates the meaningful development of such an asset category. Certain coins have emerged this year, such as BRETT, which grew by 14,300%, and Dogwifhat (WIF), which increased in value by 900%.

Wrapping up

After a successful week where BTC and ETH held their major resistance points at $63,000 and $3,000, it looks like the bearish period is finally behind us. However, both of these coins are still far from their highs and new analysts’ forecasts. For such a reason, holders are actively buying cryptocurrencies, including the ones discussed in the article.

Diversification is one of the main keys to successful investing. The diversity of assets in the portfolio increases the chances of multiplying capital and reduces the risk associated with investing in a single project.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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