If you are looking for cryptocurrencies that have real growth potential, try these three
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That cannot be denied Dogecoin (DOGE-USD) did well. It is constantly in the headlines, is in the top 10 cryptocurrencies and has had a few most sensational rallies in crypto. Therefore, it is easy to view DOGE as a legitimate investment option – and you wouldn’t be entirely wrong.
However, remember that Dogecoin is based on a meme. Should there be a decline in the amount of money flowing into cryptocurrencies, meme coins like DOGE would be the last option that investors would want to use. Therefore, you may want to think twice before putting your hard-earned money into DOGE.
Instead, consider these projects with practical use cases that have seen interesting growth recently. This makes them a safer and more solid choice for buying cryptos this season.
Binance Coin (BNB-USD)
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Binance coin (BNB-USD) is the cryptocurrency issued by Binance, the largest digital asset exchange by trading volume. Thanks to its association with Binance, the coin has enormous growth potential at any time – even before we take other considerations into account.
BNB was originally intended to help users save on trading fees. But now it does much more within the Binance ecosystem. This allows developers to cover the fees for the Binance Smart Chain (BSC) and allows users to participate in new project sales via Binance Launchpad.
Additionally, the deflationary model used by Binance, where Binance burns a fifth of its BNB financial balance every quarter, further increases its scarcity and value in the long term.
BNB has experienced a change of approx 80% this year – although there was an increase of up to 100% at times. This makes it one of the most promising cryptocurrencies to buy this year.
Injective (INJ-USD)
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Injective (INJ USD) is a blockchain network that supports decentralized finance (DeFi) and artificial intelligence (AI) Environment. It launched in 2021 but saw a huge surge in 2023 to catch on Profits of 3,000% at the turn of the year 2024.
Even though INJ did reversed by over 30% This year, Injective fans are betting on the platform’s upcoming major Ecosystem upgrade to send the cryptocurrency on an upward trend.
The upgrade gives developers access to a broader developer toolkit for inEVM users, Injective’s developer environment ether (ETH-USD) Developers who can leverage Injective’s high speed and low fees to deploy decentralized applications (Dapps). Historically, cryptocurrencies have done this tended to increase before protocol upgrades.
But it’s not just the upgrade that makes Injective an attractive investment opportunity. Its integration of AI – the hottest tech topic of the moment – makes it a candidate for real growth and one of the cryptocurrencies to buy.
Near Protocol (NEAR-USD)
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At the current price of about $7 Near logs (NEAR USD) The price has doubled this year. That’s why it’s worth having on your list of cryptos to buy.
And the coin could offer even more to its investors, at least according to former Bloomberg analyst Jamie Coutts. Coutts observed On X, formerly Twitter, it says that Near’s current technical pattern “looks extremely bullish” if it breaks resistance around $7.60, which is the level at which it has been trading with significant volume over the past few months .
Near is a Layer 1 blockchain that is faster and cheaper than Ethereum. It is regularly compared with Solana (SOL USD), one of the fastest blockchains ever, with the ability to support up to 65,000 transactions per second (TPS). For its part, Near aims to process one block per second 100,000 TPS – although that is still a work in progress.
At the time of publication, Hope Mutie did not have any positions, directly or indirectly, in any of the coins mentioned in this article. The opinions expressed in this article are those of the author and are subject to the opinion of InvestorPlace.com Publishing Guidelines.