The 10 Most Profitable Crypto Coins to buy in 2024

While 2024 has seen Bitcoin reach new highs of over $73,000, the most profitable crypto coins have been in the AI, DePin, and meme coin categories.

Several factors are at play here. Notably, the anticipation of the Bitcoin halving event is ripening institutional interests, which has also spiked liquidity in DeFi protocols and the demand for altcoins.

With that in mind, this guide will cover the most profitable crypto coins to buy in 2024, including Dogecoin20, Slothana, and Sponge V2.

Our picks of the best profit coins in 2024

Here is a quick preview of our carefully selected choices for the most profitable cryptos in 2024.

1. Dogecoin20 (DOGE20): A new dog-themed meme coin currently in presale. The project raised over $10 million reaching its hardcap.
2. Slothana (SLOTH): New Solana network meme coin uniquely holding an ‘Airdrop Presale’. The project raised $500K within hours of launch.
3. 5th Scape (5SCAPE): A hyperrealistic VR gaming platform and digital experiences metaverse. Its native token $SCAPE will be launched on the SKALE layer 2 network, giving lifetime free access and a range of perks.
4. Sponge V2 (SPONGE): A revamp of the original Sponge token with added staking and play-to-earn utility. Sponge was one of the most profitable coins in 2023, with an explosive 100x price run.
5. Smog (SMOG): A crypto meme coin created on Solana with a fair launch on Jupiter DEX. This project claims to be giving $SMOG holders the greatest Solana airdrop of all time.
6. eTukTuk (TUK): eTukTuk is promoting a sustainable transport solution for cities in developing nations. Its drive-to-earn mechanic rewards TukTuk drivers for completing passenger journeys.
7. Bitcoin Minetrix (BTCMTX): Promoting transparent access to Bitcoin cloud mining with a stake-to-mine protocol built on blockchain.
8. NEAR Protocol (NEAR): A layer 1 community cloud computing blockchain. $NEAR has a high throughput and cheap transaction costs. Its interoperability makes it an attractive solution for artificial intelligence systems.
9. Solana (SOL): A top 10 market cap cryptocurrency that uses a hybrid consensus model. Solana was built to support the creation of decentralized applications (dApps).
10. The Open Network (TON): A decentralized layer 1 blockchain created by the Telegram encrypted mobile messaging application. Its native proof-of-stake token $TON is utilized in a range of web3-connected Telegram games & applications.

A closer look at the most profitable crypto coins in 2024

Read on for mini-reviews of each project including some key pointers about its features and price action.

1. Dogecoin20 (DOGE20): Reached its $10 million hard cap within 10 days

Dogecoin20 is a new cryptocurrency launched on the Ethereum network and is currently in its final presale stage. It has no affiliation with the original Dogecoin but sports the popular dog-themed branding.

The native ERC20 token utilizes the proof of stake consensus model, making it more sustainable and eco-friendly than the original Dogecoin. The token also promotes faster and more secure transactions.

$DOGE20 presale has officially sold out, reaching its $10 million hard cap in under two weeks. However, the team has initiated a “final chance to buy” stage where tokens can be obtained at a 10% higher price than the listing price, until the claim and DEX launch date.

The final stage price is $0.00022, and participants can stake tokens immediately to earn up to 90% annual rewards.

The developers of Dogecoin20 have confirmed that the staking supply will be locked when the presale ends to prevent the token’s price from crashing once it is listed.

2. Slothana (SLOTH): Raised over $1 million via unique “airdrop presale”

Slothana is a new meme coin launching on the Solana network. The project is holding a unique “airdrop presale”, giving meme coin investors the opportunity to buy $SLOTH.

There will be an element of surprise here for Solana meme coin enthusiasts, as the hard cap is unknown, there is no set launch date, and the Slothana account on X (Twitter) has not indicated the airdrop time.

The presale quickly raised over $500,000 within hours of launch, and has currently crossed the $1.3 million mark. As a result, some analysts are calling $SLOTH the next 100x crypto.

You can buy $SLOTH via the official website, with the project offering 10,000 Slothana tokens for a fixed price of 1 $SOL.

Being a meme coin, Slothana still possesses the natural risks associated with investing in tokens with no roadmap or whitepaper. However, the current market sentiment is spotlighting Solana meme coins, and $SLOTH could be one of the best cryptos for quick profits.

3. 5th Scape (5SCAPE): A virtual reality gaming ecosystem with “hyper-realistic” environments

5th Scape is a web3 project at the intersection of virtual reality gaming and metaverse experiences.

According to the developers, this new crypto project is pioneering gaming in hyper-realistic environments. However, the platform will also aim to host a range of other virtual reality experiences, such as interactive e-learning and movies.

The developers have promised that this virtual ecosystem will be complemented by a range of proprietary hardware, including a VR headset and accompanying gaming chair. While the developers have confirmed that the $5SCAPE token will be a valid form of payment for the product, a timeline for their release has not yet been specified.

The project’s presale is currently live, with $5SCAPE tokens available to purchase at the early contributor discount price of $0.00285. The project has entered the 3rd stage of its presale, having raised over $2.8 million until now. You can participate in the presale by swapping $ETH, $USDT, $MATIC, or via card payment with KYC.

With rapid growth seemingly on the horizon, VR gaming projects look to be an exceptionally ripe area for investment opportunities. With this in mind, $5SCAPE could certainly be a viable option for high returns in the long run.

4. Sponge V2 (SPONGE): 100x community meme coin which reached 10,000 holders

Sponge V2 is a revamp of the original Sponge token which was one of the biggest meme coins of 2023. This project managed to give early investors an explosive 100x price run.

Sponge V2 now introduces added staking features and a play-to-earn game. Described as a P2E Racer, the game is currently in development and will be launched at a later date.

Currently, Sponge tokens can be obtained on the official website, and you can swap $ETH, $USDT, or $MATIC. Alternatively, it can be purchased via card payment, which requires KYC. $SPONGE could potentially be one of the best penny cryptos, presenting a low token price entry of $0.0021. Learn more about how to buy $SPONGE here.

When buying Sponge, you can immediately stake tokens to receive passive rewards. Staking $SPONGE on Ethereum offers over up to 170% APY, while staking on Polygon offers a 380%+ annual reward rate.

5. Smog (SMOG): Meme coin claiming to offer the greatest Solana airdrop of all time

Smog is a Solana network crypto meme coin that conducted a fair launch on the Jupiter DEX in February and saw significant growth in a short period after its launch.

The token hit its all-time low of $0.026 on February 12, and just a month later reached all-time highs of over $0.38, surpassing a 10x rise in price.

The increased popularity of meme coins in recent months may have been the main catalyst of this price action. Currently, the Smog token price is hovering at the $0.17 mark.

Smog has little utility past being a meme coin. However, the developers have promised that token holders can expect “the greatest Solana airdrop of all time” later on in the project’s roadmap.

Smog holders can also participate in the project’s ongoing campaign on social platform Zealy. Here users can complete daily challenges to earn XP, which will determine the amount of tokens received in the forthcoming airdrop.

6. eTukTuk (TUK): Sustainable transport solution that rewards drivers with $TUK tokens

eTukTuk is a web3 project with the goal of evolving transport systems in developing nations. To achieve this, the developers are targeting the 270 million petrol or diesel-based Tuk Tuks currently in use across the globe, arguing that they should be replaced with a less carbon-intensive option.

Based on this, the project’s main focus is to deploy a fleet of fully electric Tuk Tuks and charging infrastructure in cities with high pollution and low air quality.

Around this infrastructure, eTukTuk has created a viable use case for its native token, $TUK, which, it says will be the primary currency of a new circular economy. Drivers will be able to earn $TUK for completing passenger drop-offs and can use it as a payment method for the charging stations.

This project enters the ranks as one to watch if you’re considering which crypto to invest in for the long term. You can check our guide on how to buy eTukTuk here.

7. Bitcoin Minetrix (BTCMTX): Stake-to-mine protocol making Bitcoin cloud mining more accessible

Bitcoin Minetrix is a crypto project designed to make Bitcoin mining more affordable and approachable for those struggling with the high costs of equipment, power, and maintenance of a mining facility.

The platform is built on the Ethereum network, promoting community transparency by utilizing the underlying trustless architecture of blockchain technology.

The project introduces a stake-to-mine protocol where you can stake $BTCMTX to obtain cloud mining credits. These cloud mining credits can then be exchanged for a share of hash power from the project’s Bitcoin mining facilities.

Bitcoin Minetrix presents a viable alternative for the average person seeking a user-friendly way to mine on the go. The platform will introduce a staking interface that will allow you to track and manage your stake in the mining operations from a mobile device.

Due to the upcoming Bitcoin halving event, Bitcoin Minetrix presents a potentially profitable crypto trading strategy to acquire more Bitcoin.

8. NEAR Protocol (NEAR): Efficient blockchain protocol that can provide computational power for AI

NEAR Protocol is a layer 1 blockchain that is built to host the computation power required by artificial intelligence systems.

Its primary purpose is to function as a cloud computing platform and eliminate common issues such as low transaction speeds and poor interoperability.

Recently, HERE Wallet, a self-custodial mobile and web wallet for NEAR Protocol was launched. As well as a mobile app, HERE Wallet is a Telegram mini app, allowing you to store, transfer, and stake $NEAR from the chat application.

HERE Wallet displays NEAR Protocol’s speed and smooth transaction throughput, making it one of more the noteworthy dApps to launch on the network.

Interest in Near Protocol recently spiked after it was announced that the firm’s co-founder, Illia Polosukhin, would appear at the annual Nvidia GTC AI Conference in March.

The price of $NEAR was just $1 in October 2023, seeing exponential growth rallying to the $9 mark in recent months. $NEAR found support at the $6 level and currently floats at the $8 range.

With the spike in interest around AI tokens in 2024, Near Protocol could present a golden opportunity for profit.

9. Solana (SOL): Layer one blockchain with low transaction costs fueling meme coin frenzy

Solana is a layer 1 blockchain protocol that is specifically tailored in design to host and scale decentralized applications.

By using a hybrid consensus model which incorporates both proof of history and proof of stake, Solana can support high throughput, with faster and cheaper transactions.

The recent meme coin mania has challenged Solana’s tech, but the blockchain has proven its scalability, capable of processing transactions as efficiently as Ethereum’s layer two solutions.

Transactions on the Solana network typically cost $0.005, approximately 0.00003 $SOL at current prices.

Amid the recent crypto bull run, Solana has become one of the most profitable coins with a top-10 market capitalization. It grew more than tenfold in the six months to March 2024, now floating around the $180 mark.

This is mainly due to Solana becoming a go-to blockchain network to trade DeFi and meme tokens.

10. The Open Network (TON): Top-20 market cap cryptocurrency with Telegram dApp integration

The Open Network was originally founded in 2018 by the team behind the Telegram messaging app. The project was then abandoned, and taken over by a community-led group that is now called The TON Foundation.

$TON is the native token of a layer 1 blockchain that utilizes the proof of stake consensus model. The platform provides fast, transparent, and secure payment services by integrating blockchain technology. The TonKeeper wallet enables users to remotely send money via Telegram.

Over the last year, The Open Network has undergone immense development and expanded its use case. For instance, $TON can now be utilized across decentralized applications and games on Telegram such as Gamee.

Since the beginning of the year, $TON has seen over 200% price growth, surpassing the $5 mark. Its market cap has grown from just $2 billion in June 2023 to over $16 billion, rendering it one of the 20 most valuable crypto projects on the market.

These developments have enabled $TON to enter the ranks as one of the most profitable cryptos for the long term.

How to find the best profit coins in 2024

Timing is often the key to finding the best profit crypto coins. Below we will cover a few tips on where to look.

Find fresh crypto presales

Crypto presales often present a good opportunity for profit, enabling you to invest in newly launched projects before the masses.

Some of the best crypto presales will provide early-stage discount prices, with a target listing price that is much higher, letting early investors see immediate profits.

Social media channels

With the inherent volatility of the crypto markets, social media has become the norm for investors and enthusiasts, as information is consistently shared across these platforms.

The crypto markets are very volatile as information can quickly spread like wildfire. Nowadays, social media has become a norm for crypto enthusiasts and information is rapidly shared across social media platforms.

Crypto investors can be found in the millions across social media apps such as X (Twitter), Reddit, and Telegram.

Monitor crypto exchanges

Crypto exchanges frequently make announcements when they are listing new projects.

Some particularly savvy crypto analysts may also check the hot wallets of top-tier crypto exchanges like Binance and OKX to see if any new token contracts were added, which tends to signal a new listing.

Scoping exchanges is good practice if you want to find new cryptocurrencies that can turn a profit.

Follow the right news sources

As the crypto markets have grown over the years, so has the media coverage around it. Common crypto publishing outlets like CoinTelegraph and CoinDesk will post daily news, insights, and trends on the markets.

News outlets are a great source of information, however, sometimes the information they provide is either sponsored or will come after an event has occurred.

Therefore, always do your own research on crypto tokens and ensure that what you are reading isn’t posted after a coin’s interest has already risen.

Methodology

Our expert panel spends several hours researching each project, developing a comprehensive understanding of its features and active community.

While our panel is partly made up of financial experts, some have very little or no expertise in the area. This provides us with a wide range of perspectives, ensuring true objectivity.

FAQs

References

• https://watcher.guru/news/new-solana-meme-coin-slothana-raises-500k-on-first-day-of-presale-next-100x-crypto
• https://finance.yahoo.com/news/solana-meme-coin-mania-continues-140011271.html
• https://www.herewallet.app/
• https://www.marketwatch.com/story/the-bitcoin-halving-is-near-heres-one-thing-for-investors-to-keep-in-mind-217701f9
• https://www.coindesk.com/tech/2024/03/20/solanas-yakovenko-welcomes-meme-coin-traders-with-nothing-better-to-do/