12 Best Crypto to Buy Right Now — June 2024 (2024)

Cryptocurrency AnalysisFeatured

By Andrew TurnerJune 3, 2024 No Comments

12 Best Crypto to Buy Right Now — June 2024 (1)

Are you looking to invest in cryptocurrencies but unsure which one to buy? With so many options available, it can be overwhelming to decide how to invest your money. That’s why we’ve compiled a list of the best crypto to buy now, based on factors such as project developments, price performance, and market capitalization, as well as the overall potential for growth.

In this article, we’ll take a closer look at the most promising cryptocurrencies, including staples such as Bitcoin and Ethereum, and a combination of several other promising crypto projects. We’ll discuss their features, advantages, and potential drawbacks, as well as provide insights into market trends. Whether you’re a seasoned investor or just starting out, this article will help you make an informed decision about the best crypto to buy now.

So, let’s dive in and explore the best cryptocurrencies to invest in June 2024:

  1. Ethereum – The leading DeFi and smart contract platform
  2. BNB – A popular crypto asset enjoying support from the world’s biggest crypto exchange
  3. Bitcoin – The world’s oldest and largest crypto
  4. Lido – The leading liquid staking solution for Ethereum
  5. Toncoin – A blockchain designed by Telegram and run by the community
  6. Jito – A leading staking solution for Solana
  7. Arkham – A decentralized blockchain analytics platform
  8. Solana – One of the fastest and cheapest L1 blockchains
  9. Dogecoin – The original meme coin
  10. Helium – A decentralized IoT blockchain network
  11. NEAR Protocol – A highly scalable DeFi-focused blockchain
  12. Bittensor – Machine learning blockchain platform

The 12 best cryptos to buy right now: Discover top investments for June 2024

The following three cryptocurrency projects highlight our investment selection thanks to important developments and upcoming events that make them especially interesting to follow in the near future. These projects are updated each week based on the most recent developments and trends taking place in the crypto market.

1. Ethereum

Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum is a decentralized, open-source blockchain platform that allows developers to build decentralized applications (dApps) and smart contracts.

Ethereum has a wide range of use cases beyond just a store of value or medium of exchange. Ethereum’s smart contract functionality allows developers to build dApps that can run without the need for intermediaries, like centralized servers or institutions.

The Ethereum platform has gained widespread adoption and has become the backbone of the decentralized finance (DeFi) industry. DeFi applications built on Ethereum allow users to access financial services without relying on traditional banks or financial institutions. Ethereum’s smart contract functionality has also enabled the creation of non-fungible tokens (NFTs), which have gained popularity in the digital art and gaming worlds.

While Ethereum has a strong community and has been highly influential in the cryptocurrency industry, it also faces challenges, such as scalability issues and high gas fees. These issues have spurred the development of various Layer 2 scaling solutions. In the long run, future updates are supposed to massively increase Ethereum’s throughput bringing the transaction per second (TPS) figure from 15 to 100,000.

Buy/Sell ETH

Why Ethereum?

On May 24th, the Securities and Exchange Commission (SEC) approved the applications for spot Ethereum ETFs. The approval follows a similar decision made by the SEC earlier this year when it approved Bitcoin spot ETFs.

In total, eight Ethereum ETFs were approved, including Grayscale Ethereum Trust, Blackrock’s iShares Ethereum Trust, VanEck Ethereum Trust, and Fidelity Ethereum Fund.

The SEC’s approval of Ethereum ETFs came as a bit of a surprise. Earlier this year, the agency’s comments were mostly focused on Ethereum potentially being classified as a security due to the implementation of the Proof-of-Stake (PoS) consensus. However, in recent weeks, the agency changed its tune, and experts raised the likelihood that Ethereum spot ETFs would be approved from 25% to 75%.

In the days surrounding the critical decision, the price of Ethereum shot up from roughly $3,100 to $3,800 and increased by more than 25%. Ethereum also recorded a very large relative price increase compared to BTC, which gained about 2.5% in the same time period.

12 Best Crypto to Buy Right Now — June 2024 (2)

It will be interesting to observe whether ETH follows a similar market trend to Bitcoin after the ETF approvals. When the spot Bitcoin ETFs were approved, BTC was trading at around $46,000, but it quickly gained about 50% in the weeks and months after that and reached as high as $73,000.

2. BNB

BNB, a crypto asset originally launched by the Binance cryptocurrency exchange in 2017, is a token with two main roles. Token holders enjoy exclusive perks while utilizing Binance, such as reduced trading fees, entry to the exchange’s Launchpad and Launchpool programs, cashback rewards on Binance Visa card transactions, and more.

Additionally, the token serves as the native asset for the BNB Chain blockchain. BNB Chain, a variation of Ethereum, offers users much lower transaction fees and supports EVM-compatible decentralized applications, providing an easy transition for developers who are accustomed to building on Ethereum. Originally named Binance Coin, BNB has undergone a comprehensive rebranding in recent years.

Buy/Sell BNB

Why BNB?

BNB has been one of the best-performing cryptocurrencies in the past couple of weeks. The native digital asset of the BNB Chain has been trading in a trading channel very close to its all-time high. In fact, BNB has been trading closer to its ATH than virtually any other major crypto in the past couple of weeks.

There are a couple of reasons why BNB has been doing well recently. A major factor has definitely been the increase in the number of Binance Launchpool campaigns, which allow BNB holders to stake their holdings and get access to tokens of promising new projects that launch throughout the Launchpool platform. In the past two months alone, we’ve seen the launch of Renzo Protocol, Omni Network, Saga, and Ethena.

Upcoming #Binance Megadrop: $LISTA@lista_dao is a liquid staking and decentralized stablecoin protocol that allows users to stake and borrow $lisUSD against a variety of decentralized collateral.

Learn more 👇https://t.co/ktoM4uoO0T

— Binance (@binance) May 31, 2024

In addition to Launchpools, Binance has recently announced a new feature that will provide BNB holders with extra utility. It allows users to lock their BNB and complete tasks in exchange for earning tokens of projects listed on Megadrop and earning interest on locked BNB.

During the first Megadrop, users who staked their BNB earned about 100% APY for the duration of the BounceBit Megadrop campaign. It’s worth noting that the second Megadrop campaign is already underway, allowing users to lock their BNB and complete various Web3 tasks to earn Lista tokens.

3. Bitcoin

Bitcoin (BTC) is the original decentralized digital currency, enabling peer-to-peer transactions without the need for intermediaries such as banks or financial institutions. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin was the first digital currency to eliminate the double spending problem without resorting to any central intermediaries.

Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers around the world. This means that the transactions are secure and transparent, as anyone can view them, but they are also anonymous, as the identity of the participants in the transaction is not revealed.

BTC can be bought and sold on cryptocurrency exchanges, and they can be stored in a digital wallet, which is a software program that securely stores private keys that are required to access and transfer the currency.

Bitcoin is often referred to as “digital gold” or a store of value, as it has a limited supply of 21 million coins, and its value is determined by market demand. Some people also see it as a hedge against inflation or a way to diversify their investment portfolio. It is by far the largest cryptocurrency by market cap in the industry, accounting for the value of more than 40% of all digital assets in circulation combined, making it arguably the most popular crypto to buy.

Buy/Sell BTC

Why Bitcoin?

We’re now about a month and a half removed from the latest Bitcoin halving, and Bitcoin price has been relatively stable, mostly hovering between $60,000 and $70,000 (apart from short-lived outliers on both ends of the spectrum).

According to the latest report from blockchain analytics firm Glassnode, we could be in for a large move up in the near future. In the report, Glassnode noted that following Bitcoin’s ATH in mid-March, “consolidation has been underway” and that “sell-side pressure” has wound up back markedly. This could be an indication of another leg up. Glassnode writes:

“Various measures of volatility have compressed over the course of this correction, which usually precede a larger scale market move, since equilibrium has been reached on-chain.”

Glassnode’s assessment mirrors what we’ve seen in the markets recently. At the moment, the bulls are in command, refusing to concede ground to the bears. Every time the price of BTC slipped below $64,000 in the last couple of weeks, buyers quickly pushed it up, which could be interpreted as many investors seeing the current levels as “cheap.”

Historically, each Bitcoin halving cycle has brought new all-time highs, supporting the argument of those who advocate buying Bitcoin ahead of a halving event. Here’s a quick breakdown of the highest and lowest prices in each cycle, as well as the BTC price at the time of each halving:

Lowest PriceHighest PriceBTC Price at Date of Halving
1st Halving Cycle (Nov 2012 – Jul 2016)$12.4$1,170$12.3 (Nov 28, 2012)
2nd Halving Cycle (Jul 2016 – May 2020)$535$19,400$680 (Jul 9, 2016)
3rd Halving Cycle (May 2020 – Apr 2024)$8,590$73,600$8,590 (May 11, 2020)
4th Halving Cycle (Apr 2024 – 2028*)$56,780$66,990$64,795 (April 20, 2024)

4. Lido

Lido is a DeFi project that allows users to earn rewards on their cryptocurrency holdings by staking them on several blockchain networks, including Ethereum, Polygon, and Ethereum’s layer 2 platforms. Staking is the process of locking up cryptocurrency as collateral to help validate transactions and maintain the security of a blockchain network, and in return, stakers receive rewards in the form of additional cryptocurrency.

Users who stake their ETH with Lido receive a tokenized representation of their staked ETH – called stETH – at a 1:1 ratio. StETH represents the user’s share of the total ETH being staked in the Ethereum network, and it can be freely traded on cryptocurrency exchanges.

One of the benefits of using Lido is that it allows users to earn rewards on their staked ETH without having to run their own staking node, which can be technically complex and require 32 ETH, which is out of reach for most cryptocurrency users. Instead, Lido pools user funds together to create a large validator node, with each user receiving a share of rewards based on their pool contribution. While Ethereum is by far the largest staking pool run by Lido, tokenized versions of other supported tokens are also available (stSOL for Solana, stDOT for Polkadot, etc.).

The Lido project is governed by a decentralized autonomous organization (DAO) controlled by LDO token holders. LDO is used to incentivize participation in the governance process. Overall, Lido aims to make staking more accessible and user-friendly for the average cryptocurrency holder.

Buy/Sell LDO

Why Lido?

The Lido staking platform has been growing at a very fast pace in recent months. Since January 2023, the total value of locked tokens on the platform has increased from $5.8 billion to $36.5 billion.

The lion’s share of locked funds is ETH coins (approx. $36.2 billion), deposited via the liquid staking option provided by Lido. Meanwhile, a much smaller share (about $83 million) belongs to MATIC. Users who stake ETH get stETH in return, which accumulates staking rewards at a rate of roughly 3.3% APY.

The Lido Alliance is coming ✨

A flourishing ecosystem of Ethereum-aligned projects built around stETH.

👇 https://t.co/Rblszk4LA9

— Lido (@LidoFinance) May 24, 2024

To further expand the stETH ecosystem, the Lido team recently unveiled a proposal for Lido Alliance. The alliance is focused on restaking, which has become very popular with the rise of the EigenLayer protocol. “[Lido Alliance] is a governance process for Lido DAO to identify and recognize projects that share the same values and mission, and have a way to positively contribute to the stETH ecosystem,” wrote the team in its proposal.

Following the announcement of the new Lido framework about two weeks ago, the price of LDO skyrocketed by more than 50%, outperforming most top 100 crypto assets in the same time period.

5. Toncoin

Toncoin is a platform consisting of multiple components. One of its main components is the TON Blockchain (with TON standing for “The Open Network”), which is a flexible multi-blockchain platform capable of processing millions of transactions per second. It supports Turing-complete smart contracts, upgradable blockchain specifications, and multi-cryptocurrency value transfers. The TON Blockchain incorporates unique features such as a self-healing vertical blockchain mechanism and Instant Hypercube Routing, which ensure fast, reliable, scalable, and self-consistent operations.

In addition, the Open Network comprises of the TON P2P Network for accessing the TON Blockchain, TON Storage for distributed file storage, TON Proxy for privacy protection, TON DHT for distributed hash table functionality, TON Services for platform-based services, TON DNS for human-readable naming, and TON Payments for micropayments. TON aims to make blockchain and distributed services more accessible by integrating with popular messaging and social networking apps like Telegram (which already supports TON and BTC transfers).

The native cryptocurrency of the Open Network is Toncoin, which is used to facilitate deposits to become a validator, and cover transaction fees and gas payments (fees incurred from smart contract message processing).

Initially, the Open Network was launched as the Open Telegram Network by the Telegram team but was later rebranded as the community took over the development of the project. Telegram withdrew from development in 2020 after the litigation with the Securities and Exchange Commission (SEC), which accused the company of selling unregistered securities.

Buy/Sell TON

Why Toncoin?

Tether has expanded its offering of USDT and XAUT stablecoins to the TON blockchain. The move aims to leverage Telegram’s 900 million user base to build upon the adoption of Tether’s key stable crypto assets.

As a part of the USDT launch, the Toncoin team has announced a special promotion as part of its TON Earn program, allowing users to earn up to 50% APY on USDT deposited in their TON Wallet. This has certainly helped boost USDT’s growth on the blockchain, allowing USDT to hit $316 million circulating supply and $160 million in locked tokens in less than a month.

https://twitter.com/ton_blockchain/status/1795002784468652334

It’s worth noting that the Toncoin team has announced they will be listing additional Earn products in the near future, including TON itself. This could drive up demand for the coin and subsequently have a positive impact on its price.

In addition to the successful launch of USDT on The Open Network blockchain, another development that boosted network activity in recent days was the launch of the Notcoin token. Notcoin is a simple clicker game that lets users accumulate NOT tokens.

TON onboards 1M users in 30 hours! 🚀@thenotcoin’s launch on #TON has led to significant onchain results:

– New Notcoin onchain holders: 1M+
– Notcoin mints: 841,170
– DEX activity: 216,530 swaps by 117,254 traders in 30 hours
– NFT voucher swaps to Notcoin: 67,258 swaps… pic.twitter.com/U2ubZDWbq7

— TON 💎 (@ton_blockchain) May 24, 2024

Following the launch of the token, 1 million new users were onboarded within just 30 hours according to the team.

6. Jito

Jito is pioneering advanced infrastructure solutions for the Solana blockchain, featuring a specialized Solana client alongside a staking pool and a unique liquid staking token engineered to enhance SOL staking rewards.

The Jito Stake Pool offers superior rewards compared to traditional staking methods because its validators are finely tuned to capitalize on MEV (maximal extractable value). These validators are strategically designed to maximize the collection of priority fees.

Beyond the JitoSOL liquid staking token, Jito has introduced the JTO governance token, which was distributed via an airdrop to users in December 2023. Owners of the JTO token play a crucial role in steering protocol-level decisions, including the adjustment of Jito Stake Pool fees, refining delegation strategies, and overseeing the DAO’s JTO token treasury.

Why Jito?

Jito is reportedly working on a restaking solution for Solana, which would provide a similar functionality as EigenLayer provides for Ethereum. In other words, a restaking service would allow SOL holders to “restake” their tokens and provide cryptoeconomic security across several different Solana-based protocols simultaneously.

According to blockchain metrics, there’s certainly a lot of interest in Solana staking solutions. As of early May, Jito boasted a total value locked (TVL) of more than $1.5 billion, significantly more than any other competing protocol on Solana. The pace at which Jito has been growing has also propelled it to being the “fastest” growing project in the liquid staking sector.

✍️@jito_sol growing the fastest in the Liquid staking market sector📈 pic.twitter.com/145ShiuL5Y

— Token Terminal (@tokenterminal) May 6, 2024

According to a CoinDesk report, Jito Labs’ CEO Lucas Bruder has neither confirmed nor denied that the company is working on a restaking service, but they did note that they are “thinking a lot” about the topic of restaking.

7. Arkham

Arkham Intelligence is a cutting-edge blockchain analytics platform that employs artificial intelligence to provide deep insights into blockchain transactions and activities. Central to Arkham’s capabilities is its AI engine, ULTRA, which de-anonymizes blockchain data, making it possible to track fund flows and uncover the real-world entities behind transactions. The platform is designed to enhance transparency and accountability within the blockchain space, making it more difficult for illicit activities to go undetected.

One of Arkham’s standout features is the Arkham Intel Exchange, the first of its kind, which facilitates a decentralized marketplace for blockchain intelligence. The platform allows users to buy and sell intelligence, and it supports an ‘Intel-to-Earn’ model where contributors can earn rewards for providing valuable data insights. This model is bolstered by Arkham’s native token, ARKM, which is used within the ecosystem for transactions, accessing premium features, and participating in governance through token staking.

Why Arkham?

The Arkham platform saw a slew of developments over the past couple of weeks, most prominently the rollout of token balance charts. The feature allows users to track blockchain balances of any token for any address over time. For example, you can track all inflows and outflows for BlackRock’s Bitcoin ETF or Bitcoin that was seized by the FBI from the Bitfinex hack. These are just some of the more prominent examples, but the bottom line is that the feature allows tracking of any address over time, contributing to greater transparency in the crypto space.

Announcing Token Balance Charts!

You can now view specific token balances over time for ANY token on ANY address/entity on Arkham. pic.twitter.com/Qk76kkr5eS

— Arkham (@ArkhamIntel) May 10, 2024

In addition to the token balance feature, Arkham recently revealed that it has partnered with The Open Network (TON). “We’re partnering with The Open Network (TON) to bring Arkham data to millions of TON & Telegram users,” the team wrote in a blog post.

Recent developments have apparently sparked a great deal of interest in the ARKM token in the markers. Over the past 3 months, ARKM gained more than 300%, 55% of which in the past month alone.

8. Solana

Solana is a cryptocurrency and blockchain platform that was created to provide a fast, secure, and scalable infrastructure for decentralized applications (dApps) and token issuance. It was launched in March 2020 by Solana Labs, and quickly grew to become one of the largest blockchain networks in the sector.

Solana uses a unique consensus mechanism called Proof of History (PoH) which enables it to process thousands of transactions per second while maintaining a low transaction fee. This makes it one of the fastest and most cost-effective blockchains in existence.

In addition to its fast transaction processing speed, Solana also offers smart contract functionality and is fully compatible with the Ethereum Virtual Machine (EVM). This allows developers to build and deploy dApps on Solana using popular programming languages such as Rust, C++, and JavaScript.

The native cryptocurrency of the Solana network is called SOL, which is used as a medium of exchange and a store of value within the ecosystem. SOL is also used to pay for transaction fees and other network services.

Following explosive growth in 2020 and 2021, Solana hit a rough patch in 2022 due to the broader crypto winter. The negative market activity for SOL was exacerbated following the collapse of the FTX exchange, which was one of the biggest investors in Solana. The SOL coin fell all the way down to $10 in late 2022 (95% removed from its ATH of ~$260) but has since recovered a significant chunk of its losses.

Buy/Sell SOL

Why Solana?

Solana further solidified its position as the 5th largest cryptocurrency by market cap in the past week. With a 15% price increase, Solana reached a $70 billion market cap, extending its lead over the 6th placed USD Coin to more than $36 billion.

The recent developments in the Solana ecosystem definitely played an important role in generating market buzz around SOL. According to the Solana-focused news account SolanaFloor, Jito is building a restaking protocol on Solana.

🚨 NEW: @jito_sol to build Restaking Protocol on @solana.

Restaking Protocol enables users to earn rewards by using their staked crypto for multiple purposes at once, boosting returns pic.twitter.com/K9VwkDJf6J

— SolanaFloor (@SolanaFloor) May 1, 2024

The announcement comes amid increased interest in restaking solutions, sparked by EigenLayer’s development of Ethereum restaking infrastructure over the past couple of months. For context, the total value locked (TVL) on EigenLayer increased from $400 million in late December 2023 to more than $16 billion at the start of May.

Restaking allows users to reuse their Proof-of-Stake (PoS) assets that are already staked to provide cryptoeconomic security to additional protocols. For example, staked SOL could be restaked to provide security for other Solana-based protocols simultaneously.

Another significant development in the Solana ecosystem over the past couple of weeks has been the announcement of a Solana-Bitcoin bridge. The bridge is being developed by Zeus Network and is expected to go live in Q3 2024. Here’s what the team wrote about the bridge’s potential:

“Empowered by ZPL [Zeus Program Library], assets from Bitcoin can transition into a ZPL-Asset, unlocking access to the vibrant Solana ecosystem.

From DEX to NFT marketplaces, borrowing, lending, gaming, DePIN, SocialFi, and more, users can explore various opportunities with low fees and high efficiency.”

9. Dogecoin

Dogecoin, created in 2013 as a joke featuring the Shiba Inu from the “Doge” meme, rapidly evolved into a notable cryptocurrency. Developed by Billy Markus and Jackson Palmer, it aimed to be a more accessible alternative to Bitcoin with a larger, uncapped supply and lower transaction fees. Its primary use has been for online tipping and small transactions, supported by a vibrant community known for charitable activities.

Despite its humorous origins, Dogecoin gained serious traction, especially during the 2021 cryptocurrency boom, driven by social media and high-profile endorsem*nts. Technically similar to Litecoin, it features faster transaction times due to shorter block times. This combination of community support and technical efficiency has maintained Dogecoin’s relevance in the volatile cryptocurrency market.

Buy/Sell DOGE

Why Dogecoin?

Dogecoin posted impressive market results lately, recording a nearly 20% uptrend in the 7 day period ending on May 6. This has made Dogecoin the largest gainer in the time period in the cryptocurrency top 30.

What’s interesting about the recent price upswing is the surge in network activity that preceded it. The number of active Dogecoin addresses grew by more than 21% week-over-week, while the number of new addresses grew by a whopping 75% in the same period.

📊 Sorted by greatest growth in the past 6 months, here is the net change of non-empty wallets among top market caps in #crypto (apologies to #BinanceCoin and #Solana, not pictured in this study):

🪙#Toncoin $TON 16.8K wallets (+110% growth)
🪙 #Dogecoin $DOGE 6.6M wallets… pic.twitter.com/IhjJn6syn2

— Santiment (@santimentfeed) May 3, 2024

Leading crypto research firm Santiment highlighted the increase in network activity on May 3rd. Santiment noted that the net change of non-empty wallets grew by 27% in the past six months, the second-most among all cryptocurrencies included in the report.

10. Helium

Helium is a decentralized blockchain network that utilizes a unique consensus algorithm called “Proof-of-Coverage” (PoC). The network is designed to facilitate the creation of a wireless peer-to-peer network for Internet of Things (IoT) devices.

In the Helium network (which operates on the Solana blockchain), users can earn rewards by deploying and maintaining wireless hotspots that provide coverage for IoT devices. These hotspots communicate with each other and IoT devices using the unique LongFi wireless protocol, which allows for long-range and low-power communication.

The Helium network also features a native cryptocurrency called HNT, which is used to incentivize users to participate in the network and to pay for network services. It is earned by providing coverage with the project’s own hotspots and can be used to pay for IoT data transfers, access to network services, and more.

Why Helium?

Helium jumped more than 35% in the past week, claiming the spot of the largest gainer in the crypto top 100 in the time period. While there’s no direct correlation between recent developments and Helium’s impressive price activity, it’s worth noting that Helium has recently celebrated its 1 year anniversary of Solana integration.

1/ Happy Migration-versary!! 🎈🎈🎉🎉 It’s been a year since Helium migrated to @Solana, and the Network has never been stronger! Let’s take a look back over the last year: pic.twitter.com/mrhrRwVXd8

— Helium🎈 (@helium) April 18, 2024

Since Helium transitioned from its own blockchain to Solana, the network has grown to more than 180,000 active users, added more than 80,000 subscribers to its mobile plan, and is growing at a 15.4% monthly rate.

Generally speaking, the Helium network keeps growing at an impressive rate and currently covers pretty much all major population centers across NA and Europe, as well as a decent amount in Asia.

12 Best Crypto to Buy Right Now — June 2024 (3)

Last year, Helium launched a 5G mobile plan in the US, which allows users to earn MOBILE tokens simply by using the Helium network. The unlimited plan comes in at $20/month, which is very competitive compared to some other services.

11. NEAR Protocol

NEAR Protocol is a layer 1 platform powering decentralized applications (dApps) and providing a foundation for the development of Web3 products and services. It facilitates the creation of scalable and high-throughput applications while ensuring security and accessibility.

One of Near Protocol’s unique features is its approach to scalability, which utilizes a consensus mechanism called Nightshade. Nightshade aims to enhance network performance by allowing parallel processing of transactions, potentially achieving higher throughput compared to some competing blockchain networks.

The platform also focuses on developer-friendly tools and usability, aiming to simplify the process of creating and deploying decentralized applications. Its emphasis on accessibility aims to make blockchain technology more user-friendly and approachable for a broader audience.

Why NEAR Protocol?

On March 27, the team behind the NEAR Protocol launched “chain signatures,” a new feature designed to improve user experience when using multiple chains. According to the project’s press release, the new feature allows DeFi apps to use digital assets across different chains without bridging them.

“Since day one, the NEAR ecosystem has focused on simplifying access to Web3 for developers and mainstream users. Chain Signatures is the next step in that journey, making it significantly easier to transact on any blockchain while also defragmenting liquidity across the ecosystem.” – Illia Polosukhin, co-founder of NEAR (source)

The improvements in DeFi usability are certainly a welcome addition to the growing Layer 1 ecosystem. According to DeFi Llama, NEAR Protocol’s TVL increased from just $35 million in April 2023 to over $304 million in April 2024.

The DeFi developments could also positively impact NEAR’s price. According to a crypto trader who goes by the name of “The Crypto Dog” on X, if the breakout above $7.5 occurs, NEAR could reach “new yearly highs” in the $11 to $13.5 range.

Honestly seems like $NEAR is trying to break out now. Thought it might hesitate but it's looking good.

Simple set up. If no fake-out this could carry to new yearly highs, $11-13.5ish. Swing trade. pic.twitter.com/hVxLR6EJA3

— The Crypto Dog 📈 (@TheCryptoDog) April 5, 2024

It’s worth noting that our own algorithmic prediction also forecasts a bullish period for NEAR, with a potential +49% weekly surge in the cards, which would push NEAR to $11.06 by April 15.

12. Bittensor

Bittensor (TAO) is a decentralized network designed to facilitate collaboration and intelligence sharing among AI models using blockchain technology. The platform allows machine learning models to interact autonomously, sharing data and computing resources across a secure, distributed system. Participants can contribute AI models that benefit from real-time updates and improvements contributed by the collective network.

Bittensor utilizes its native cryptocurrency, the Tao token, as a means of rewarding participants for their contributions of data and processing power. The protocol aims to create a self-improving ecosystem of AI that operates beyond the control of any single entity, promoting a new paradigm in machine learning development. This decentralized approach ensures transparency, security, and scalability, making advanced AI more accessible and effective.

Buy/Sell TAO

Why Bittensor?

On April 11, Binance, the world’s largest cryptocurrency exchange, listed Bittensor on its platform. The TAO coin was listed in four trading pairs: Bitcoin, Tether, FDUSD, and TRY.

Congratulations @const_reborn and the whole @opentensor team! You guys are amazing, as unique as each block itself!#bittensor #binance https://t.co/9OZppMxu3t

— ceτi AI (@ceti_ai) April 11, 2024

Immediately after the listing, the price of TAO surged to a new all-time high above $780. Even though the price of TAO retraced to $565 in the days after the listing, it’s still up more than 1,070% in the past six months, which is fifth-most among the top 100 cryptocurrencies by market cap.

The listing of TAO on Binance could give it additional momentum and help it reach new highs in the coming months, especially if the cryptocurrency market kicks into a higher gear after the next Bitcoin halving like it did in the previous halving cycles.

Best cryptocurrencies to buy at a glance

Native AssetLaunched InDescriptionMarket Cap*
EthereumETH2015The leading DeFi and smart contract platform$375 bln
BNBBNB2017A popular crypto asset enjoying support from the world’s biggest crypto exchange$84 bln
BitcoinBTC2009A P2P open-source digital currency$1.32 tln
LidoLDO2021The leading liquid staking solution for Ethereum$2.31 bln
ToncoinTON2020A blockchain designed by Telegram and run by the community$22.8 bln
JitoJTO2023A leading staking solution for Solana$548 mln
ArkhamARKM2023A decentralized blockchain analytics platform$498 mln
SolanaSOL2020One of the fastest and cheapest L1 blockchains$70.4 bln
DogecoinDOGE2013The original meme coin$22 bln
HeliumHNT2019A decentralized IoT blockchain network$733 mln
Hedera HashgraphHBAR2017Crypto network based on the Hashgraph algorithm$3.68 bln
NEAR ProtocolNEAR2020A highly scalable DeFi-focused blockchain$8.50 bln
BittensorTAO2023Machine learning blockchain platform$2.52 bln

Best crypto to buy for beginners

If you are just starting out in crypto, it is advisable to stick to cryptocurrency projects that are less prone to volatility and are generally more established. While this approach does have a downside, as it becomes much more difficult to expect triple-digit or larger gains, the major upside is that you are not exposed to projects that have a chance of failing and, thus, losing your entire investment.

In order to identify projects that are stable and thus feature low volatility, you can start by following the parameters listed below:

  • The crypto asset has a market capitalization that places it into the cryptocurrency top 100 (roughly $550 million as of early 2024)
  • The crypto asset is available for trading on the best crypto exchange platforms and can be exchanged for fiat currencies
  • The crypto asset boasts healthy liquidity ($100M/day and more), which allows you to execute buy and sell orders quickly and without slippage
  • The crypto asset is part of a reputable crypto project with clear goals, a realistic roadmap, and products and services that look to address real-world problems

Some of the best cryptos to buy for beginners are those that follow the above criteria and have earned their standing in the crypto market due to robust security, popular products and services, and clear growth potential. Some beginner-friendly crypto investments are:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Cardano
  • BNB

It is worth noting that cryptocurrency investments are inherently risky, even if you stick to the biggest and most reputable projects. The reason for this is simple – the crypto sector is relatively new, and the landscape might look completely different in the future.

Best crypto for long-term

When deciding which cryptocurrency to buy for the long term, it’s important to consider projects that are well-established, have a strong community, are highly liquid, have a large market cap, and have a clear reason for existing (such as solving a real-life problem, introducing new functionality, etc.). Without these characteristics, a project might fail to survive in the long term, rendering it a bad long-term investment.

It is worth noting that, typically, most long-term crypto investors are looking for projects that have the potential to generate decent returns but also provide a degree of investment stability. Roughly speaking, only the largest cryptocurrencies fit the bill, as others have a low market cap and liquidity that doesn’t bode well for a long-term commitment (unless you’re prepared to take on more risk).

In addition to Bitcoin and Ethereum, there are a number of other cryptocurrencies that fit the criteria of being low-risk, long-term crypto investments.

If you are planning to hold onto your digital assets for a longer period of time, it is best to take care of crypto custody yourself. Holding large amounts of crypto on an exchange can be risky, as we’ve seen over the years with the collapse of high-profile exchanges like Mt. Gox and FTX. Use one of the reputable crypto hardware wallets to store your crypto. Ledger hardware wallets, for instance, allow you to manage your crypto holdings easily and provide a much higher degree of security than crypto exchanges or even software crypto wallets.

Best place to buy crypto

One crucial aspect to consider when choosing which platform to use to buy crypto is the range of cryptocurrencies and trading pairs available. Since different exchanges support varying digital assets, it’s important to choose a platform that accommodates the specific cryptocurrencies you intend to trade.

Additionally, assessing an exchange’s liquidity and trading volume is essential. Higher liquidity generally results in improved price stability and faster trade executions. Furthermore, it is prudent to examine the fees charged by the exchange, encompassing deposit, withdrawal, and trading fees. Comparing fee structures across different exchanges can help you identify the most cost-effective option that aligns with your trading style. With that said, here are some of the best exchanges on the market right now:

  • Binance – The best cryptocurrency exchange overall
  • KuCoin – The best exchange for altcoin trading
  • Kraken – A centralized exchange with the best security

By diligently considering these factors, you can make an informed decision and select a cryptocurrency exchange that meets your requirements for security, variety, liquidity, and affordability.

How we choose the best cryptocurrencies to buy

At CoinCheckup, we provide real-time prices for over 22,000 cryptocurrencies, with the list growing by dozens each day. As you can imagine, making a selection of a dozen top cryptocurrencies to buy out of such an immense dataset can be difficult and will for sure lead to some projects that should be featured being omitted. To minimize the chance of that happening, we follow certain guidelines when trying to identify the best cryptocurrencies to invest in.

Availability

One of the most important factors for any cryptocurrency investment is the crypto asset’s availability, meaning how easy it is to buy and sell it across various cryptocurrency exchanges. We tend to stay away from assets that are not available on major exchanges and require complex procedures to obtain.

Market Capitalization

Another important metric for identifying whether a crypto project is worth covering its market cap. A high market cap means that the project has reached a certain level of adoption from users, making it less risky to invest in.

Growth Potential

While this metric is mostly subjective, it is still an important metric on which we curate our selection. We won’t feature projects that we think are stagnating or have no real upside in the future.

Purpose and Use Case

We consider the purpose and use case of cryptocurrency, particularly in a real-world setting. Some cryptocurrencies focus on specific industries or applications, such as decentralized finance, gaming, or supply chain management.

Team and Development

The team and people involved in the project can tell you a lot about the potential of a particular cryptocurrency project. We examine the team’s experience, expertise, and track record and evaluate the development activity and updates to ensure the project is actively maintained and evolving.

The bottom line: What crypto should you buy right now?

The decision of which crypto to buy now is dependent on your own risk profile and investment goals. For some, investing in a crypto asset with a proven track record like Bitcoin is the only type of exposure to crypto they are willing to take on.

Meanwhile, those with a higher risk tolerance might see Bitcoin as too stable, looking instead toward newer and smaller projects that carry a higher degree of upside.

If you are looking for more investment ideas, check out our crypto price predictions section.

12 Best Crypto to Buy Right Now — June 2024 (2024)
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