The market has been climbing since October 2023 due to initial rumors that the SEC might list a Bitcoin spot ETF. That speculation came true in January 2024 after the SEC approved not just one but twelve Bitcoin spot ETFs to be traded on US financial markets.
With institutional flows incoming and a Bitcoin block halving on the way, experts suggest a supply shock will hit the market, which could lead to much higher prices throughout 2024.
That being said, here are the best cryptocurrencies to invest in. Of course, we've covered the heavyweights in the top 50 rankings by market cap value. We have also included some newly emerging altcoins that can provide outsized returns for smaller sums of investment.
What cryptos to buy today for long-term gains?
The following cryptocurrencies are the heavyweight giants in the industry that need to be a solid part of your portfolio.
Dogecoin20
Dogecoin20 is the ultimate Dogecoin upgrade, making it one of the hottest up-and-coming projects in the dog-based meme coin space today. It stands out in the Doge-related meme coin sector by offering its holders the opportunity to earn a passive income through staking.
The staking ecosystem allows $DOGE20 holders to stake their tokens and earn rewards, with the team setting aside 15% of the total supply to reward stakers for the next two years. The high APY provides incentives for investors to hold $DOGE20 for long periods, reducing the selling pressure on the market when it launches.
Dogecoin20 also improves on Dogecoin’s foundation