With monumental events like the Bitcoin halving, potential Bitcoin ETF approvals, and possibly even an Ethereum ETF in the pipeline, 2024 looks primed to be an outstandingly bullish year for crypto.
With this in mind, investors could yield life-changing gains by buying the most high-potential projects today. But this is easier said than done, so this article provides the ten most likely cryptos to deliver eye-watering gains in 2024.
We consider factors like on-chain activity, price, use case, tokenomics, and technical analysis.
Our top pick for the project with the highest potential in 2024 is Bitcoin Minetrix. It is a revolutionary Bitcoin mining solution, enabling users to earn Bitcoin by staking $BTCMTX on its Ethereum-based platform.
Its groundbreaking use case pushes Bitcoin mining toward mass adoption, with users only needing an Ethereum-compatible wallet to get started – no hardware, technical expertise, or overhead costs!
The platform works by users staking $BTCMTX for Bitcoin mining credits, which they can burn for cloud mining power.
One advantage to the operation is its decentralized and user-owned $BTCMTX token eradicates the risk of cloud mining scams which have become common in the industry.
Its compelling use case has attracted the backing of seasoned analysts and world-leading media outlets. Jacob Bury recently predicted it could 10x after its IEO, while Michael Wrubel explained reasons he is bullish on the project to his 310K YouTube subscribers.
Some notable media outlets to cover the project include Business Insider, Cointelegraph, Crypto News, and Bitcoin Magazine.
Bitcoin Minetrix is currently in its presale, having raised $4.5 million in two months. Investors can buy $BTCMTX for $0.0119, but they must hurry as its price will rise in three days.
Chainlink is the market’s leading decentralized oracle provider, delivering off-chain data to blockchains securely and trustlessly.
The protocol is already used by almost all major cryptocurrency projects, mainly for pricing data. However, it has made significant ecosystem advancements throughout the bear market, indicating tremendous upside potential in 2024.
As such, it has gathered significant momentum recently, currently at the top of CoinMarketCap’s trending list and up 5.2% in the last 24 hours. It is also up 34% this month and 97% this year. However, it is down 72% from its all-time high (ATH), presenting notable room for growth.
Currently, Chainlink holds a $8.2 billion market cap and a $573 million 24-hour trading volume.
The reason for Chainlink’s recent price explosion is Chainlink staking v0.2. This iteration will bolster the network’s security by enabling stakers’ deposits to be slashed and introducing new economics.
Meanwhile, it also recently introduced the Chainlink Cross Chain Interoperability Protocol (CCIP). This will enable users to securely transfer liquidity and data between different chains, acting as a more secure alternative to traditional blockchain bridges.
CCIP transaction fees will be paid in LINK, providing an additional demand stream and further bolstering its price potential.
Another project displaying significant momentum as we head toward 2024 is Injective Protocol. It is a layer 1 blockchain focused on interoperability and decentralized finance (DeF).
The project is optimized for financial activity through its robust security, high scalability, MEV-resistance DEX, and the ability to trade all forms of financial markets on-chain.
Injective is priced at $16.96, up 5.88% in the last 24 hours and 20% this month. However, it has been one of the top-performing cryptos this year, up 966%. Currently, it is just 25% below its April 2021 ATH of $25.01.
Nevertheless, it still presents significant upside potential, with a $1.4 billion market cap and 83% of its total supply already in circulation.
The project boasts a vibrant ecosystem comprising top projects like Helix, Exotic Markets, Hydro Protocol, and Neptune. It is also partnered with institutions like BH Digital, Coinbase Institutional, Copper, Cumberland, and Jump Crypto.
Another decisive advantage of Injective Protocol is its robust tokenomics. INJ is required for staking, which helps secure the network and enables users to vote in its governance system.
It also features “burn auctions,” which allocate 60% of trading fees generated on the blockchain to an auction, where users can bid on the basket of fees and pay in INJ. Once sold, the protocol then burns the INJ, making the token deflationary.
TG Casino is a trending crypto casino as seen on sites like bitcoincasinos.com and rakeback.com, that recently launched a presale for its native token $TGC. Boasting innovative mechanics and cutting-edge tokenomics, it makes for an exciting and high-potential project.
The $TGC presale has so far raised over $3 million in two months. However, it has recently gathered significant momentum as top analysts like Eric Cryptoman and Poe.eth consider it among the best cryptos to buy now.
The project is a Telegram-based casino, meaning users can conveniently gamble directly from the Telegram application. This enables them to benefit from Telegram’s end-to-end encryption and opens the door to the platform’s one billion users.
There are hundreds of games and sportsbook events to bet on, and like Injective Protocol, TG Casino offers revolutionary tokenomics. $TGC holders can access exclusive games and rooms, get free rewards, 25% cashback on losses, a 188% staking APY, and more.
TG Casino also features a buyback mechanism that repurchases $TGC tokens with a portion of the casino’s profits. It will burn 40% and allocate 60% to staking rewards, making the token deflationary and rewarding holders.
Currently, investors can buy the $TGC presale for $0.17. However, with less than $2 million left until its hard cap, investors looking to secure the best price must be fast.
Lido DAO is a liquid staking solution that enables users to stake coins to earn a yield while receiving a synthetic “liquid” copy of the token that they can use for other yield-generating purposes.
The project’s price has surged recently as it grows its Ethereum-staking market share.
According to Beaconchain data, Lido DAO currently controls the greatest market share, with over 12% of Ethereum staking under its control.
While this could cause concern regarding the network’s decentralization, Lido DAO is controlled by the LDO governance token, effectively decentralizing the protocol but providing immense power to token holders.
Currently, LDO is up 30% this month and 110% this year. However, it is down 77% from its ATH, presenting massive room for growth.
Another factor illustrating its strong potential is its $2 billion market cap. This could be a significant undervaluation considering its control over the Ethereum network.
However, Lido DAO also offers Polygon staking, where users can generate a 4.4% APY while earning yield through their liquid stMATIC.
According to its website, Lido DAO has a $19 billion TVL on Ethereum and a $105 million TVL on Polygon.
Bitcoin ETF Token
With the widely anticipated Bitcoin ETF approvals potentially just over one month away, tokens focused on the trend could yield unprecedented gains in the coming weeks.
The most promising is Bitcoin ETF Token, which features a burn mechanism destroying 25% of its total supply across five key Bitcoin ETF milestones. This will create a sense of scarcity while hype is highest, opening the door to massive price potential.
Meanwhile, it has a built-in 5% burn tax on transactions, making the token deflationary and helping increase its price over time.
Another exciting feature is Bitcoin ETF Token’s staking mechanism, offering presale investors a 127% APY. However, they must be fast because this decreases as the staking pool grows.
Meanwhile, the project aims to deliver utility through a news feed that provides the latest Bitcoin updates and events directly to its website. This will help grow an active community and creates viral potential as users could share the breaking news on social media.
After launching three weeks ago, the Bitcoin ETF Token presale has already raised almost $2 million. One of the reasons for this success is that it is backed to explode by top media outlets like Cointelegraph, Yahoo Finance, and Investing.com.
The next high-potential project for 2024 is Avalanche. It is a layer 1 blockchain focused on scalability and decentralization. Lately, it has made significant business development and ecosystem advancements.
Consequently, the AVAX price has soared, currently up 8.26% in the last day, 94% this month and 69% this year. However, it remains 85% from its ATH, signaling massive room for growth.
Its market cap is $7.8 billion, with a 24-hour trading volume of $466 million.
One of the main narratives behind Avalanche is its affordable fees while maintaining a strong degree of decentralization. Currently, Avalanche boasts over 1,200 validators across its subnets.
Regarding its ecosystem, Avalanche has experienced adoption from some of TradFi’s most influential players. For instance, companies like JP Morgan and Citi are experimenting with tokenized portfolios and FX solutions on the chain.
Meanwhile, it has garnered significant gaming studio adoption, with Off The Grid, Shrapnel, Blitz, and many others all building on Avalanche.
As well as fast and cheap transactions, Avalanche provides market-leading support, low-code tooling, and configurability, with each protocol able to have its own interconnected yet independent subnet.
Meme Kombat is a thrilling new project that blends the virality of meme coins with the utility of GambleFi, making for a notably promising project.
It is in its presale, enabling investors to get in from the ground up at a discounted price. So far, it has raised $2.2 million in two months.
In a nutshell, the project lets users gamble on AI-generated battles between famous meme coin characters. While the concept is undoubtedly compelling, scratching beneath the surface shows that the team is serious about the project and looks to establish it as a top meme coin.
It features numerous game modes, including multiplayer, single-player, and side betting – where users can gamble on dynamic battle events like a specific character or opening move.
Furthermore, its team is doxxed, with the founder’s social media linked to the presale website. It has also received a smart contract audit. These factors illustrate the project’s legitimacy, providing a notable advantage over other meme coins, often criticized for their lack of transparency.
The current presale price is $0.214, which will rise to $0.225 in just over one day. As such, investors looking for the best price must act now.
Render is a trending AI-focused crypto that leverages a distributed network of GPUs to render graphics and facilitate other power-intensive computational tasks in a fast and decentralized manner.
It launched in June 2020 and quickly exploded in the last bull run. Now, with the next bull run creeping up, the Render price has begun to explode.
It is up 6.3% in the last day, 29% this month, and 588% this year. It holds a $1.2 billion market cap, with 69% of its total supply in circulation. Currently, it is down 62% from its November 2021 ATH.
RNDR is the project’s native utility token, used as a primary means of exchange on the Render network.
The project enables users to contribute unused computational power and earn RNDR in return. Conversely, those who buy from Render receive secure and decentralized power quickly and cheaply.
This use case opens the door to metaverse utility, Play-to-Earn, or other graphics-intensive tasks. One reason a project would use render over traditional graphic rendering platforms is blockchain’s security and IP benefits, relating to immutability and censorship resistance.
The last token high-potential crypto for 2024 on our list is Pepe. The meme coin rose to notoriety earlier this year, reaching a staggering $1.8 billion market cap in the depths of the bear market.
Now, it holds a $465 million market cap, down 74% from its ATH despite the improving market conditions. Currently, Pepe is up 1.83% in the last week but down 3% this month.
One of the factors indicating Pepe’s potential is that it has recently experienced an intense spout of adversity but seemingly has come out on the other side, standing firm.
This occurred as ex-team members stole $15 million worth of Pepe from the project’s multi-signature wallet. Given that the team is not doxxed, this generated significant uncertainty within the community, causing its price to plunge.
However, an announcement in October explained that the team had burned $6 million worth of Pepe and brought on board new advisors to guide the project forward.
This caused a significant price pump, illustrating that the community’s confidence was reinstalled.
As such, we could see Pepe surge again in the coming weeks as its price rises and fear of missing out (FOMO) kicks in amongst sidelined market participants.