Introduction
Non-Fungible Tokens (NFT). Welcome to our comprehensive guide on the Best Crypto to Invest in 2024. In recent weeks, the buzz around crypto airdrops and various projects like Hamster Combat, Pixelverse, and Dox has captured the attention of investors eager to explore the cryptocurrency market. While many have successfully earned tokens through airdrops, the real money-making potential lies in strategic cryptocurrency investments. With significant fluctuations in the market, particularly a downturn in Bitcoin prices, now is the time to identify lucrative opportunities. In this article, we will discuss three promising cryptocurrencies to consider for investment in 2024, along with insights into the rising trend of Non-Fungible Tokens (NFT) and how you can maximize your investment returns.
Investing in Cryptocurrency: Unlocking Potential Returns
- Hamster Combat
- Pixelverse
- Dox
- Tapswap
Many projects are in trend in the market at this time, on which people are earning tokens by mining for free. But the actual money that people have made from the market is by investing in cryptocurrency. Yes, now the advantage of crypto airdrop mining 2024 is that you don’t have to make any initial investment here. But according to that, you get whatever returns you get and you have to keep it.
But cryptocurrency investment is such a thing that if you can afford to invest even a little money in crypto, those funds can give you a multiple X return if you have invested in the right project. Now, there are a lot of cryptocurrency investment opportunities, including Non-Fungible Tokens (NFT), but when you are taking entry in the project it is very important. And at this time, there has been a very good downfall in the market.
Bitcoin market analysis 2024 shows it is trading from 70,000 to 61,000 dollars, causing a correction of 10-20% in many top cryptocurrencies to invest in 2024 like altcoins. That’s why I’m going to share the best crypto to invest in 2024, particularly 3 such coins where you can make an entry. In the long term, you can easily get a return of 5-10x, or 20x in 2-4 months.
Top 3 Cryptocurrencies to Buy 2024
Now we have come to the Bitcoin market analysis 2024 chart. And as you can see, the price of Bitcoin was about to break its all-time high of around 71,000 dollars. After touching the milestone of 70,000 dollars, we saw a flat crash.
We have set a 2-hour time frame here, and as you can see, since July 29, we have seen a continuous downfall. And right now, Bitcoin price prediction for 2024 shows it is trading at around 61,000 dollars. Due to this, the entire altcoin market is bleeding. If we come to the coin market cap, as you can see, in the last 7 days, we have seen a 10-20% downfall in all the coins. Some examples include:
- Bitcoin: 9.58% crash
- Ethereum: 8.93% crash
- BNB: 8% crash
- Solana: 19.64% crash
As we all know, Bitcoin controls over 50% of the market. When Bitcoin’s price drops, the entire market tends to follow. This creates opportunities for those waiting to invest in the crypto market. A very good opportunity comes for them because we see our favorite altcoins in a good buying zone in 2024. So here I am going to share top-performing altcoins after the Bitcoin crash 2024 where I am investing myself. You can also invest in them. and it is the best investment plan for beginners who utilize their earnings.
First Project: Near Protocol Investment 2024
So the first project in which you can invest is Near Protocol. Here’s a quick update on its recent performance:
- Over the past month, it had a good spike as Bitcoin was recovering.
- However, as soon as Bitcoin fell, it also saw significant downfall.
- In the last 7 days, the price has been corrected by 21.91%.
Near Protocol is a widely known Layer 1 blockchain. It’s used by many well-known projects, including Non-Fungible Tokens (NFTs). And its all-time high price is around 9 dollars. Currently, it is available at 4.57 dollars. If you want to make a lot of money in the coming bull run, this could be a best cryptocurrency to invest in 2024 that gives you a multiple X return.
Safe Cryptocurrency Platforms for Investing 2024
Now before knowing the next 2 coins, many of you ask, “Where should we invest in cryptocurrency 2024?” because the The Indian government has banned exchanges that aren’t registered with the Financial Intelligence Unit (FIU) of India. it was hacked on Vajirex. Many people are no longer trusting Indian exchanges.
So, let me tell you about Coinswitch. Coinswitch is a platform where the safety and security of your funds are prioritized. The platform is registered with FIU, and whenever you invest or trade, you will never have any problem. With over 2 crore users, Coinswitch is India’s first crypto app.
On this platform, you get multi-level security, including:
- Two-factor authentication
- Advanced encryption
- Global-level safety standards followed by big exchanges
Coinswitch has also maintained proof of reserve, with crypto and INR holdings higher than customer holdings. If you’re thinking about where to invest in cryptocurrency in India 2024, then Coinswitch offers over 150 cryptocurrencies. It’s available on the Google Play Store and App Store, and you can sign up using the link in the description.
Second Project: BGB Token
Now let’s talk about the second project which is one of my favorites, the BGB Token. It’s the native token of Bitgate Exchange. Here’s why I’m optimistic about it:
- It is currently trading at $1.04.
- It’s all-time high price is $1.44.
- You can buy it at a good buying zone right now.
Third Project: Mantra (OM) Token
This is our third project, called Mantra, or OM. It is trading at $1.14, and I have been very bullish on it for a long time. My target is $10, and I believe during the next bull run, we could see OM token at $10 to $15.
Some notable stats include:
- It has already delivered a 5000% return in the past year.
- It has seen a 3.85% drop over the last 7 days.
- During a bull run, it could show very sharp growth.
Cryptocurrency Investment Returns in 2024
These three projects are very strong, and with the upcoming bull run expected to bring Bitcoin to 1 lakh dollars by early 2025, we could see good altcoins delivering returns of:
- 10x
- 20x
- 50x
So, guys, that’s all for today’s article on best cryptocurrencies to invest in 2024.
Conclusion
In summary, while crypto airdrops 2024 provide a risk-free entry into the market, strategic investments in promising cryptocurrencies like Near Protocol, BGB Token, and Mantra (OM) Token can yield significant returns. With the market currently in a buying zone, utilizing secure platforms like Coinswitch will enhance your investment experience. The rise of Non-Fungible Tokens (NFT) and the potential for a market recovery make now an ideal time to explore these opportunities.