The Top 7 Cryptocurrencies To Buy and HODL for the 2024 Bull Market

The latest approval of spot exchange-traded funds (ETF) has introduced the crypto market to trillions of dollars of institutional capital. Cryptocurrencies popularity has now surged to all-time highs, as we enter another bull market. 

Savvy crypto investors will seek to maximize their profits when the next bull market flows into 2024. For this, they will look for the best cryptos to buy. Before the 2024 bull market tops, investors should add these essential cryptocurrencies to their portfolios. 

Best 7 Cryptocurrencies To Buy in 2024

Here are seven of the top crypto coins that could experience the highest increases in 2024 although the entire market is predicted to enjoy a significant price increase.

1. KangaMoon (KANG)

KangaMoon is one of the new DeFi projects looking to lead the meme coin space into a new dispensation. KangaMoon is built with a unique Social-Fi concept that encourages user engagement and network participation via rewards. 

The project was built to help users directly monetize the time they spend engaging on content. Built with the meme coin market in mind, KangaMoon has been forecasted to become the go-to platform for meme coin enthusiasts in the coming months. 

It also brings utility to the otherwise hype-based meme coin market, making it a stand-out project. There is a relative rush from KANG token users due to the professional anticipations of the top experts that gains can be up to 50 to 100x during the next bull market in 2024.

What To Consider Before Investing in KangaMoon

KangaMoon is a recently launched DeFi project which has extraordinary growth potential. The project does not just settle for having utility, which is the most important factor when it comes to meme coins, but instead, it adds even more upside to the meme coin market. 

Still playing the role of a cheap coin, at only $0.0075 per coin, KANG stands out among the best coins to invest in to grow your portfolio in the 2024 bull market.

2. Sei (SEI)

Sei is among the very first of the EVM chains that is fully parallelized and high-performance. The Sei developers got the idea of creating their professional trading platform and giving traders an edge in the crypto market soon enough. This course quickly became one of the top crypto coins.

In 2023, the token price reached many ATHs as it became the most desired DeFi project in the world. With the platform only growing stronger in the past few months, Sei could replicate its performance in the 2024 bull market.

What To Consider Before Investing in Sei

Nevertheless, the hike was hardly to the profit of the Sei coin, as leading market participants suggested that the coin would rise to $2 in value.

3. Bittensor (TAO)

Bittensor is largely poised to fill the space created by artificial intelligence and machine learning. This innovative endeavor is a distributed network where developers can purchase, train, and retail machine learning models.

Cryptocurrency TAO has achieved over 600% yield in one year as the deployment of machine learning keeps increasing around the world. As it continues to grow, Decilizer, is one of the top crypto experts who see the price of Bittensor peaking at $1,500 in 2024.

What To Consider Before Investing in TAO

Bittensor is in a market that supports the growth of its TAO coin. With machine learning finding more prominence in the blockchain market, TAO could become one of the best cryptos to invest in.

4. VeChain (VET)

Like other cryptos on this list, VeChain is a unique project that is focused on solving problems in supply chain management. The project has achieved remarkable successes, partnering with the likes of BMW, PwC, DNV GL, Renault, NTT DOCOMO, BitOcean, and Directed Imported Goods.

In 2024, the VeChain team announced its plans for expanding into other markets, giving VET room for growth. Crypto analyst Egrag claims that VET might see a huge surge in value, potentially increasing by 50X in the 2024 bull market. 

What To Consider Before Investing in VET

Despite being one of the top altcoins, VeChain has remained 83% down from its all-time high. The altcoin price has traditionally followed the trend of the crypto market, and it hardly outperforms the market. 

5. Chainlink (LINK)

Chainlink is popular in recent times: it has been bridging the gap between blockchain and the physical world. The main design behind the Chainlink network was to provide a secure way of external data communication between blockchains and external sources.

Connecting the real world to blockchain technology has fostered a great adoption for Chainlink, helping the LINK token to grow. LINK has been one of the best altcoins in 2024, increasing by 25% year-to-date.

What To Consider Before Investing in LINK

Overall, LINK is a good crypto to buy. While 2024 looks to be another good year for Chainlink, the LINK token may see a retracement before it joins the broader uptrend, as it has been in overbought territory for a long time.

6. Avalanche (AVAX)

Avalanche has been on the rise as the leading market share holder over the past several months. Being the most scalable L1 chain able to provide about 100,000 transactions per second, Avalanche has become Ethereum’s main rival.

The set of strong points that Avalanche captured easily made it one of the most favored chains in terms of DeFi project planning for the future. This has caused the AVAX to increase in a consistent route, and it has been around $39.

What To Consider Before Investing in AVAX

While the DeFi market is saturated, Avalanche stands out in terms of performance, making AVAX a good crypto to buy. However, there are still six chains bigger than the Avalanche DeFi network.

7. Near Protocol (NEAR)

The community-run cloud computing platform, Near Protocol, has become one of the top coins in the crypto space. By eliminating low transaction speeds, low throughput, and poor interoperability, Near Protocol has become one of the preferred dApp networks.

What To Consider Before Investing in NEAR

Despite its proven dApp network, Near Protocol has underperformed the crypto market. While it trades at $4, some experts expect its price to peak at $12 in 2024, which is still lower than its ATH.

How To Pick the Top Cryptocurrency To Invest In

As per the CoinMarketCap data, there are more than 23,000 projects in the cryptocurrency market currently. As a result, investors have difficulty selecting the best investment among the numerous investments. Before investing in any crypto, one must consider the following:

Use Case

The use case for a project is often regarded as the best pointer to its future. Investors are advised to only consider projects with a clear use case, like the 7 cryptos outlined above.

Track Record

One of the best ways to predict the future of a cryptocurrency is by analyzing its track record. Cryptocurrencies with good histories often turn out to be valuable investments.

Adoption

The adoption rate of a project shows how much confidence other investors have in its future. Projects with thousands of investors are often considered good options.

Closing Thoughts

These are the top 7 cryptocurrencies to buy and HODL for the 2024 bull market. Although each crypto has its specific risk, these coins are tied to strong fundamentals and use cases, widening their chances of notching remarkable price increases in the 2024 bull market.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

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