5 Best Cryptocurrencies to Buy Now – Top Picks for the Upcoming 2024 Bull Run

adminFebruary 1, 2024

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As the cryptocurrency bull market approaches, it is advantageous to find cryptocurrencies with high upside potential that you can buy now.

Discovering investment opportunities in the early stages of a cryptocurrency bull market can reap significant rewards. This is because the cryptocurrency market continues to present profitable projects in both bull and bear markets.

Amid a bull market, investors have a variety of choices to make, and identifying promising cryptocurrencies at this time offers the potential for long-term profits. This initial phase therefore provides a strategic window for investors to position themselves in cryptocurrencies that could experience significant growth as the bull market progresses.

In this article, we will focus on the five best cryptocurrencies available to buy today, thoroughly examining their strong fundamentals and assessing their growth potential.

Ethereum (ETH)

Ethereum is considered a strong long-term investment and will retain its central role. Although the immediate impact of the Ethereum merger on the price is limited, it highlights the importance of distinguishing between short-term trading and long-term investments.

Currently, $ETH is trading in a limited range between $2,180 and $2,300, awaiting a potential uptrend if buyers can push the price above the $2,400 resistance level. A successful breakout could push the cryptocurrency up to $2,500 to $2,600.

With its strong foundation and expansive ecosystem, Ethereum is a solid means of purchasing. The $10,000 forecast for 2024 is ambitious, but exceeding $3,500 could mark the start of a potential upward trend toward that goal.

Uniswap (UNI)

Uniswap Labs exposes Hooks, which act as powerful plugins that allow developers to inject code at pivotal stages of the pool life cycle. This innovative feature allows developers to leverage Uniswap’s liquidity and security framework to create pools with unique features.

Hooks, which expose the pros and cons of Uniswap v3, foster ecosystem innovation by giving developers the autonomy to make informed decisions and integrate custom features. At the same time, Uniswap is allocating a significant $300,000 grant for two years of development of version 4 (v4) targeting long-tail assets.

While v2 and v3 continue, Uniswap seeks to improve the market through improved user interface and features in v4. The current $UNI price is $6.07, down 1.34% in 24 hours and has a market capitalization of $3.63 billion. According to the forecast, the minimum value in 2024 will be $9.50, the maximum value will be $10.90, and the average will be $7.80.

Sui (SUI)

Sui’s rise coincides with the deepening collaboration between Alibaba Cloud and Mysten Labs, which aims to enhance the Sui Network’s ecosystem through innovative services and tools. This momentum is further accelerated by a notable surge in the Total Value Locked (TVL) indicator within the Sui network and a significant increase in on-chain trading volume.

According to DefiLlama data, TVL has surged to an unprecedented $420 million, highlighting growing confidence and active participation in the Sui ecosystem. In addition, trading volume remains at a consistently high level. The current Sui price is $1.60, up 3.15% in the last 24 hours.

Sui Crypto 1 day price graph

Maintaining the level above $1.50 is very important for $SUI. Achieving this would put buyers in a strong position to regain control of the market and push towards the $1.60 level. Conversely, if sellers take charge, $SUI price could form a lower high pattern over the next few days.

Watch the video above for an in-depth analysis of the five cryptocurrencies you can buy right now, and be sure to subscribe to Jacob Crypto Bury’s YouTube channel for more cryptocurrency-related videos. Jacob also moderates a Discord channel, providing users with trading tips and insights on upcoming cryptocurrency presales.

SPONGEV2 (SPONGEV2)

Sponge V2, a meme coin showing positive momentum, has accumulated over $3.6 million in staked value. Since developers announced the imminent launch of $SPONGEV2 last month, investors have been working hard to acquire $SPONGE tokens.

Since the release of $SPONGEV2, the price of the $SPONGE token has more than doubled, reaching its highest level since May 2023.

This surprising price surge is accompanied by a significant increase in the $SPONGE tokens used in the platform’s ‘Stake-to-Bridge’ mechanism, with 6.4 billion $SPONGE tokens currently locked as of the latest update.

The increase in staking activity can be attributed to $SPONGE’s attractive reward rate, currently set at 249% per annum. Investors can lock their $SPONGE tokens to earn $SPONGEV2 and claim the tokens when $SPONGEV2 is officially launched.

A statement from the official All holders will be transferred to Sponge V2 on February 5th at 11:00 PM (UTC). Comprehensive details can be found in the post, and please follow the post for ongoing updates. X And a Telegram channel.

🚨 Important project update! 🚨
Due to a malicious attack on the Sponge V1 token, we will be moving all holders to Sponge V2 on February 5th at 11:00 PM UTC.
Please note $sponge V1 breaks.
We strongly advise all holders to withdraw their tokens… pic.twitter.com/itZelxAL9V
— $SPONGE (@spongeoneth) January 31, 2024

Specifically, with the launch of $SPONGEV2, the original $SPONGE token will be phased out. This new token is poised to introduce valuable utility to the Sponge ecosystem through Play-to-Earn (P2E) gaming integration.

Sponge developers are in the final stages of development on a peer-to-peer racing game featuring famous characters from the SpongeBob SquarePants show. The game offers both free and paid versions, in the latter case users can earn $SPONGEV2 tokens through in-game mechanisms.

By incorporating P2E gaming elements and innovative bridging mechanisms, Sponge V2 appears to be positioned to challenge the traditional approach of meme coins. The shift from speculative trading to active participation within the Sponge ecosystem could potentially establish a precedent for future meme coins.

Bitcoin (BTC)

Bitcoin, the number one cryptocurrency by market capitalization, is once again attracting attention. After a gradual upward trend throughout 2023, the leading cryptocurrency experienced a significant surge in December, recording an impressive 80% year-on-year increase.

The current Bitcoin price is $42,676, the 24-hour trading volume is $38.26 billion, and the market capitalization is $837.03 billion. Over the last 24 hours, the $BTC price has fallen -1.46%. The Bitcoin halving expected to occur in May of this year is attracting attention.

Historically, Bitcoin halving events have been correlated with rising cryptocurrency prices. This phenomenon is due to the effect of halvings halving the supply of newly minted Bitcoin, slowing down the rate at which new coins enter circulation.

Over the long term, Bitcoin has consistently shown an upward price trajectory. If this historical pattern continues, the digital currency could potentially reach incredible highs of $500,000.

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