Top promising cryptocurrencies for 2024

With a total supply of 100 million tokens, 95% is reserved for liquidity on decentralized exchanges and 5% on centralized exchanges. Worth noting: the team did not keep any coins for themselves, making the project completely community-oriented.

In general, the ETHETF token offers an unconventional combination: the possibility of speculative investment and participation in the developing world of ETFs on cryptocurrencies. To purchase the asset, you can visit the official website of the project or the Uniswap exchange. The coin is sold for $0.01287.

Additional pros:

• You can follow the process of burning ETHETF tokens in real time.
• The coin was released without pre-sale in order to distribute assets fairly.
• The platform allows investors to get involved in the current topic of cryptocurrency ETFs before the fund is actually approved.

Bitcoin Minetrix

Bitcoin Minetrix (BTCMTX) solves the existing problem of centralized BTC mining and has already generated significant interest, raising over $4 million during the pre-sale. The bitcoin “mining” industry is environmentally destructive and inaccessible to retail investors due to the high initial investment. However, the Stake-to-Mine model simplifies the process. It costs only $10 to participate versus the tens of thousands of dollars needed to buy equipment.

Users send their BTCMTX to Stake-to-Mine, earn credits for mining, and burn them to accrue BTC. All actions take place through a simple interface that can be accessed on a smartphone.

Currently, BTCMTX is trading at $0.0116, by the final stage of presale the price will rise to $0.0148 and can go even higher when listed on exchanges. Additional Project Pros:

• Offers a generous APY of 169%.
• Easy to use for investors with no technical knowledge.
• The bitcoin mining market is once again open to regular traders based on the eco-friendly Ethereum platform.

Meme Kombat

The Meme Kombat (MK) project collects the world’s most famous meme coins in an “arena” and allows them to “fight”. Many betting options are available. The main ones are “player vs. player/computer” and “direct”. The first kind allows you to bet directly against other users as well as an unpredictable machine, adding excitement.

Given that the “battles” will feature characters such as Doge and Pepe, the new platform will manage to attract the attention of members of their communities. However, when crypto-enthusiasts realize that Meme Kombat does not directly affect the price growth of these altcoins, they may also quickly abandon the project.

The MK token is priced at $0.189, and the coin will go up in price in the next phase. The project has already raised $1.6 million.Also Meme Kombat offers:

• APY for steaking, equal to 112%.
• The ability to bet on each specific criterion of “combat”.
• Getting to know the founder on LinkedIn.

XRP

XRP is a token created by Ripple to help financial institutions make global payments faster and without fees. The cryptocurrency’s price movements throughout this year were highlighted by a court ruling in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple. The government authority did determine that the token was not a security. Overall, XRP has undergone price fluctuations and is down nearly 30% from its highs.

All XRP coins have already been issued. They cannot be mined by steaking or other mechanisms. Moreover, the only current catalyst for the coin’s value has been litigation. Considering that the price of XRP has not reached new heights, multiple increases are not expected. Distinguishing features of the crypto project:

• Ripple is the first company to defeat the SEC in court.
• The asset is designed for institutional, business and private use.
• It can process 1,500 transactions per second, which means greater scalability compared to other cryptocurrencies.

SHIB

Shiba Inu (SHIB) is the second most capitalized coin in the meme-coin niche and the main “competitor” of the Dogecoin (DOGE) cryptocurrency. The token officially appeared on exchanges in 2020 and became a phenomenon, but the current price of the coin is 90% lower compared to the highs of 2021.

Moreover, Shiba Inu is one of the few fully decentralized projects, meaning it is directly dependent on its investors. If market participants lose interest in the asset, its value could drop even lower.

Most analysts believe that SHIB will not be able to rise to the level of $0.01. For example, crypto expert Avi Lev pointed to the disappointing launch of the Shibarium blockchain as one of the key reasons why the token will not reach such a mark. Project features:

• Some companies, such as AMC Entertainment movie theaters, accept this meme token as a payment method.
• SHIB can be sent to staking, but the maximum APY is 1%.
• The token is compatible with the Ethereum blockchain, which has allowed its community to develop dApps (decentralized applications).

PAXG

PAX Gold (PAXG) is a well-known example of a gold-backed coin. In times of crisis, recession, and uncertainty, owning such assets can give investors extra protection.

PAX Gold, denoted by the ticker PAXG, is an ERC-20 token whose value is backed by physical gold reserves. Literally tangible bullion adds value to each altcoin. Although the token has “guarantees” against bankruptcy, the cryptocurrency market is volatile anyway. For this reason, it is impossible to count on a 100% profit from buying PAXG.

Moreover, the cost of one PAXG, equal to $1,965 at the moment, is too high for novice investors. Over the past 6 months, the price of gold has risen by only 0.65%. This gives too little momentum to increase the value of PAXG. Token Characteristics:

• The price of each PAXG is directly related to the real-time market value of physical gold.
• The total supply of gold that PAXG represents is constantly changing as the market capitalization of the token rises and falls.
• Unlike ETFs, for gold, PAX Gold provides legal ownership of this physical asset.

Conclusion

An investor should thoroughly research the supply of each cryptocurrency before investing their money. It is necessary to keep up with the latest news and don’t forget: the volatility of digital assets is where their potential profit lies.

To identify the possible movement of the cryptocurrency, it is necessary to conduct fundamental and technical analysis. So, the limit of growth of the token should be considered taking into account its supply, trading volume, roadmap and the composition of the development team.