9 Best Cryptos With the Most Upside in 2024

The best cryptos with the most upside have become a central focus for investors as Bitcoin surged past $50,000 for the first time since late 2021, signaling renewed interest in the market.

Yet, the cryptocurrency landscape remains challenging to navigate. With over 13,000 digital assets still in play – a sharp drop from the 23,000 reported in 2023 – investors are searching for opportunities with the potential for substantial returns.

Amid this complex environment, identifying coins with high upside potential is key to maximizing gains while managing risks.

From well-established tokens to emerging projects, understanding which cryptos have the most upside is essential for investors looking to capitalize on the next big market moves.

Finding cryptos with the most upside: Our methodology

Selecting high-potential cryptocurrencies requires a robust and objective methodology, transcending mere speculation.

This framework empowers you to dissect projects critically, uncover hidden gems, and build a diversified portfolio aligned with your risk tolerance and investment goals.

1. White paper analysis

Vision: Analyze the project’s white paper, its foundational document outlining its purpose, technical architecture, and roadmap. Critically evaluate the proposed solutions, ensuring they address a real need with a clear and feasible path to achievement.

Technical architecture: Comprehend the underlying blockchain technology and its suitability for the proposed solution. Consider factors like security, scalability, and potential for integration with other systems.

2. Community engagement

Pulse measurement: Immerse yourself in the project’s online communities (forums, social media, developer channels). Gauge the level of engagement, constructive criticism, and problem-solving discussions. A vibrant and engaged community fosters trust and indicates potential adoption.

Hype vs. substance: Distinguish between genuine enthusiasm and empty hype. Be wary of projects solely focused on price pumps and without meaningful discussions about the technology or its applications.

3. Team expertise evaluation

Track record: Scrutinize the team’s experience and reputation. Assess their technical capabilities, leadership qualities, and past achievements in the blockchain space. A competent and experienced team inspires confidence in delivering the project’s vision.

Transparency: Evaluate the team’s transparency and communication practices. Look for readily available information about their backgrounds, roles, and decision-making processes. Open communication fosters trust and accountability.

4. Technological understanding

Beyond speculation: While in-depth programming knowledge isn’t necessary, grasp the core principles of the project’s blockchain technology. Understand how it solves the identified problem, security mechanisms, and potential limitations.

Independent research: Supplement your understanding with independent research on blockchain technology and its applications. This empowers you to make informed investment decisions based on technical merit, not just market trends.

5. Tokenomics deconstruction

Supply & distribution: Understand the token’s total, circulating, and maximum supply. Uneven distribution models or excessive founder holdings can raise red flags.

Understanding the unlock schedule: Analyze the token unlock schedule to anticipate future supply changes and their potential impact on price. Stable and predictable token distribution fosters market stability.

6. Visionary roadmap assessment

Milestones & goals: Evaluate the project’s roadmap for clarity, realism, and achievable milestones. Aligned and achievable goals demonstrate a well-defined path toward the project’s vision.

Transparency & adaptability: Assess the roadmap’s transparency and adaptability to evolving market conditions. A transparent and adaptive roadmap instills confidence in the team’s ability to navigate challenges.

This framework serves as a starting point. Conduct thorough due diligence, diversify your portfolio, and manage risk prudently. The crypto market is dynamic; stay informed, adapt your strategy, and never invest more than you can afford to lose. By applying this methodology and diligently researching, you can increase your chances of finding cryptos that align with your investment goals and build a robust and diversified portfolio.

A compilation of 9 cryptos with the most potential for profits in 2024

Astute investors seek opportunities beyond established players as the cryptocurrency landscape evolves.

This section takes a different approach, focusing instead on the burgeoning and drama-filled realm of low-cap projects to find the best crypto investment. Each project is selected for its potential to disrupt and deliver in 2024.

Assessing 9 cryptos with the most upside potential

Amid the current market excitement, this section is dedicated to aiding investors in identifying the next big winners.

Through careful evaluation, we aim to navigate the complexity of the cryptocurrency landscape and pinpoint the growth potential of these 9 selected crypto projects.

1. Pepe Unchained (PEPU): Meme coin with its own Layer 2 blockchain

Pepe Unchained ($PEPU) is the best crypto with the most upside potential because it carries the Pepe theme – which is already popular among meme coin traders – and because it solves Ethereum’s scaling problem by utilizing its own Layer 2 blockchain. 

Layer 2 Ethereum blockchain

Ethereum is a popular blockchain but it’s terrible for active trading. It can process 15 transactions per second on average with an average transaction cost of $1 during low congestion periods. If network usage is high, gas fees can cost hundreds of dollars.

Because of that, Pepe Unchained is building a Layer 2 blockchain on Ethereum that offers 100x the speed for a fraction of the cost. It groups multiple transactions into one and sends them for settlement on the Ethereum Mainnet.

Thanks to instant bridging, users can trade meme coins and other assets on the Pepe Chain more efficiently and, whenever they want – bridge their assets to Ethereum Mainnet. This could turn Pepe Unchained into a meme coin trading hub.

$PEPU summary

$PEPU is currently priced at $0.0099, and over $16 million has been raised. This shows strong investor confidence and interest in this project.

Learn more about the project by reading the Pepe Unchained whitepaper. Also, follow Pepe Unchained on X to get the latest updates.

2. Crypto All Stars (STARS): Join the new era of meme coin staking with a 3x APY boost

Crypto All-Stars ($STARS) introduces the first staking platform that allows users to stake 11 of the best meme coins under one ecosystem. Any holder of the native token, $STARS, gets 3x more staking rewards from the platform.

A comprehensive meme coin platform

No crypto project has brought together Pepe, Doge, Shiba, and many more top meme coins quite like Crypto All-Stars. The platform’s pivotal feature, MemeVault, will be launched after presale and is the contract that will facilitate meme coin staking.

Early investors can purchase $STARS tokens at a discounted price and earn over 700% APY when staking the native token, while the platform has not yet been publicly launched. Users can buy $STARS with ETH, USDT, or bank card.

$STARS summary

Crypto All-Stars has a total supply of 42 million, 20% of which will be distributed to presale investors. Currently, $STARS are priced at $0.00138 per token and are subject to an increase as the project ensues. 

In the few days since the $STARS presale, Crypto All-Stars raised more than $361,000. This clear popularity, combined with its unique utility, makes Crypto All Stars comfortably one of the best cryptos with the most upside potential in 2024.

Check out the Crypto All-Stars whitepaper to learn more.

3. Flockerz (FLOCK): DAO-powered meme coin with massive presale staking rewards

Another crypto with a high upside is Mega Dice Token ($DICE). It’s a Ethereum-based ICO that’s designed around a unique vote-to-earn mechanism.

Groundbreaking vote-to-earn protocol

$FLOCK is the native token of the Flockerz ecosystem, which features the FlockTopia decentralized autonomous organization (DAO). Holding $FLOCK gives users voting utility. In other words, community members and investors have the power to shape the future of the meme coin’s ecosystem through the vote-to-earn feature.

Early investors can get these tokens for only $0.0056785 each at the time of writing. However, this price will increase in the upcoming presale round and at the time of exchange listings.

With 25% of the total $FLOCK supply reserved for staking rewards, users are also incentivized to stake the token for passive income. Currently, staking $FLOCK during the presale yield over 7,000% APY. This rate will decrease over time as more investors start staking the token.

$FLOCK summary

Unlike other crypto projects where the power lies in one central authority, Flockerz decentralized control of the ecosystem and provides community members a voice in changes to the meme coin. So far, the Flockerz presale has raised over $331K and continues to garner support as its following grows.

For more information, read the Flockerz whitepaper and join the project’s Telegram channel for the latest updates.

4. Memebet Token (MEMEBET): Meme coin powering an online casino with wagering rewards

Memebet Token ($MEMEBET) is a new meme coin powering a Telegram Casino and sports betting platform. Token holders can wager tokens, earn airdrops, and get access to a VIP community. 

Wager Meme Coins and Earn Rewards

On the Memebet Casino, players can wager their favorite meme coins – such as Dogecoin, Pepe, and Memebet Token. Those who wager $MEMEBET will be rewarded with regular play-to-earn airdrops. 

The more tokens you wager on Casino games, the higher the rewards. Moreover, the highest token wagerers and token holders get access to Memebet’s VIP High Rollers Club. They can also open ‘loot-boxes’ containing signed Argentina Football Team jerseys, NFTs, and cash prizes. 

Due to these use cases, $MEMEBET could offer huge upside in the coming months and years. 

$MEMEBET Summary

$MEMEBET has a total supply of 2 billion tokens, of which 70% are being allocated through the ongoing presale. At the time of writing, $MEMEBET is priced at $0.0251 per token. In less than a week, the presale has raised more than $240K. 

5. SpongeV2: Meme coin with play-to-earn and staking rewards

Sponge V2 is the successor of Sponge V1, a popular meme coin that returned 100x to early investors at its peak. This new version is bridging to Polygon because of the low transaction costs, and it will launch a Sponge Runner Game, inspired by popular meme characters.

The only way to get $SPONGEV2 tokens is to buy the original Sponge V1 tokens and bridge them via the staking feature on the Sponge website. This will give you the same number of V2 tokens plus the number of tokens earned by staking.

Play-to-earn meme coin

Sponge V2 brings play-to-earn utility to the token. Players can earn $SPONGEV2 by playing the game and climbing the leaderboard.

To attract more users, a free version will be available without a play-to-earn utility. The paid version will require using $SPONGEV2 tokens to purchase game credits, which allows players to earn $SPONGEV2 by playing the game.

Because of this added utility, Sponge V2 could outperform its predecessor and provide significant gains to token holders.

$SPONGEV2 Summary

The $SPONGEV2 token uses Polygon as a settlement layer because of its low transaction costs. This makes the game cheaper to play than Ethereum.

Out of its entire token supply, over 51% of the tokens are reserved for staking play-to-earn rewards.

6. Shiba Shootout (SHIBASHOOT): Meme coin with generous staking and community rewards

Shiba Shootout ($SHIBASHOOT) is the latest Shiba-themed meme coin that brings its holders multiple use cases and rewards. Recently, the team announced a play-to-earn mobile game to expand its offering.

Generous rewards and token utility

Shiba Shootout is one of the most rewarding crypto projects at the moment. With its referral program, both the referrer and the new investor get free $SHIBASHOOT tokens. In campfire stories, community members share their meme coin trading and crypto experiences in a storytelling format to win $SHIBASHOOT tokens.

Out of the total token supply, 35% has been allocated to the presale. Staking gets 20%, and the shooter fund gets 5%. The rest is allocated for project funds, marketing, and exchange liquidity. 

During the presale, investors can stake their tokens to earn over 800% dynamic APY. This means the APY will drop as more tokens are staked, allowing early stakers to double their holdings while the presale lasts.

$SHIBASHOOT summary

Currently, $SHIBASHOOT is priced at $0.0205. Since the presale launched, close to $1.2M has been raised. 

Token holders can vote in the project’s governance. Moreover, $SHIBASHOOT tokens can be used to participate in the “Lucky Lasso Lotteries” where users can win crypto prizes. The team recently launched a play-to-earn game where you participate in a Shiba cowboy shootout.

7. Core: Distributed trust machine, eliminating intermediaries

In the ever-evolving world of cryptocurrencies, the “Blockchain Trilemma” poses a significant challenge: achieving security, decentralization, and scalability.

Existing blockchains like Bitcoin often excel in one area while sacrificing another, limiting their potential. Core (CORE) emerges as a potential solution to overcome this trilemma and provide a robust foundation for the next generation of blockchain applications.

Scalable and secure

Core leverages a hybrid consensus mechanism called Satoshi Plus, combining the security of Bitcoin’s Proof of Work (PoW) with the scalability potential of Delegated Proof of Stake (DPoS).

This unique approach aims to provide a secure network resistant to attacks while offering faster transaction processing than traditional PoW blockchains.

Core is also Turing-complete and EVM-compatible, enabling it to run complex smart contracts and dApps developed for Ethereum, fostering innovation within the Core ecosystem.

$CORE summary

While Core’s approach seems promising, it’s crucial to consider its current stage of development and potential challenges. The project is relatively young, and its technology is still undergoing testing and refinement. While the concept of Satoshi Plus is intriguing, its real-world performance and scalability still need to be proven.

The DPoS aspect also raises concerns about potential centralization. The distribution of voting power and the selection process for validators require careful monitoring to ensure a truly democratized network.

On the positive side, CoDeTech is creating a suite of decentralized platforms, such as Ping Exchange (a hybrid exchange), TiNG & MeeTiNG (video and conferencing), WallMoney (banking), and TokToKey (e-commerce).

These aim to empower the underbanked and undocumented by providing secure digital identities and financial services.

This innovative technology combats human trafficking and child abduction, paving the way for a more inclusive future (Web 4.0, DeFi 2.0, Internet 2.0), thus making it another one for the best crypto investments column.

8. Starknet: Layer-2 Rollup on Ethereum

Starknet, an innovative Ethereum scaling solution, has garnered a market capitalization exceeding $820 million. This cutting-edge technology effectively addresses the Ethereum network’s inherent scalability limitations.

Utilizing zero-knowledge proofs (ZKPs), Starknet processes transactions off-chain, significantly reducing gas fees and increasing transaction throughput.

This allows dApps built on Starknet to offer a faster and more cost-effective user experience than those directly on Ethereum mainnet.

Utilizing zero-knowledge proofs (ZKPs) and distributing millions in STRK

Starknet is a modular settlement layer that utilizes zero-knowledge proofs (ZKPs) to process transactions off-chain and reduce fees. It uses the Rust-based language Cairo for smart contracts.

Developers can create customized L2s using Starkex, and the recently launched STRK token incentivizes participation and fuels network governance.

Starknet recently distributed its native STRK token through an airdrop program, aiming to distribute 728 million tokens to approximately 1.3 million wallets.

The airdrop generated significant excitement and interest in the project but faced criticism due to its initial token-unlocking schedule.

Based on community feedback, this schedule was revised to distribute STRK gradually and mitigate concerns about possible market manipulation.

$STRK summary

Starknet is deemed a safe option to add to your crypto portfolio. It uses Zero-Knowledge Proofs (ZKPs) to handle thousands of transactions per second, making it faster and cheaper than the Ethereum mainnet.

It inherits Ethereum’s security model, ensuring safe transactions. However, it’s relatively new and has a steeper learning curve for developers. Despite these challenges, Starknet presents exciting prospects for Ethereum’s future.

Look at Binance to find some of the lowest price deviations on STRK/USDT.

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9. Ethereum Name Service: Bringing human-readability to crypto

Think of ENS as a phonebook for the blockchain. Instead of remembering long, alphanumeric wallet addresses, users can register a human-readable name (e.g., yourname.eth) pointing to their real-life address.

ENS operates as a distributed system, meaning no central authority controls it, and utilizes a decentralized auction system for domain name acquisition.

Eth-based domain naming system

$ENS, it’s utility token, offers several advantages:

• Human-readable names: With user-friendly names, the service allows users to ditch cryptic addresses quickly and opt for names that are easy to recall. This system saves you time and effort and eliminates the chances of errors while sharing the address.
• Increased security: Phishing is a major concern in the digital age. Scammers use deceptive tactics to trick users into giving away sensitive information. Verifying the correct recipient through recognizable names can reduce the risk of falling for these scams.
• Better accessibility: ENS allows users to register human-readable domain names and associate them with Ethereum addresses, smart contracts, and other decentralized services. Using ENS, users can easily interact with dApps and smart contracts without entering complex and obscure addresses.
• Expansion options: ENS lets its users store additional information beyond wallet addresses, such as website links or social media profiles, making it easier for them to manage their online presence.
• Decentralized architecture: ENS’s decentralized architecture empowers its users by removing dependence on centralized authorities for domain management. This means users can fully control their domain names and the associated data.

$ENS summary

Launched in 2017, ENS has witnessed significant growth. It boasts millions of registered names and integration with popular wallets and dApps. Recent updates like “renewal sync” further enhance user experience. The sale of premium names like “cars.com” for millions showcases the potential market value of ENS domains.

ENS domains have renewal fees, and the auction system can be competitive. The project’s long-term value depends on the adoption and success of the wider blockchain ecosystem.

Partnership with GoDaddy

A major development was GoDaddy’s collaboration with ENS, which allows users to connect their existing domain names to the ENS network easily, makes it one of the best crypto investments on this list as it could bridge the gap between traditional DNS and blockchain technology, potentially bringing mainstream adoption to ENS.

Comparing the cryptos with the most upside potential

Project	Token	Total Supply	Chain	Staking	Launch
Pepe Unchained	$PEPU	8B	Ethereum	✔︎	2024
Crypto All Stars	$STARS	42B	Ethereum	✔︎	2024
Flockerz	$FLOCK	12B	Ethereum	✔︎	2024
Memebet Token	$MEMEBET	2B	Ethereum	N/A	2024
Sponge V2	$SPONGEV2	150B	Polygon	✔︎	2024
Shiba Shootout	$SHIBASHOOT	2.2B	Ethereum	✔︎	2024
Core	$CORE	2.1B	Core Blockchain / Ethereum	✔︎	2023
Starknet	$STRK	10B	Ethereum	✔︎	2024
Ethereum Name Service	$ENS	100M	Ethereum	✔︎	2021

The upside verdict: How to identify high-potential cryptos

Cryptocurrency has become a diverse asset class attracting mainstream attention. Mixing crypto with cash can reduce risk, offering diversification benefits and better performance.

However, high-risk cryptos are still plentiful, so the buy-and-hold strategy consistently outperforms the trend-following investment strategy.

Looking ahead, crypto could become mainstream, with growing institutional adoption and new investment opportunities. It holds potential for diversification and innovation, making it worth considering for investment.

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