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The crypto space is undergoing unprecedented change in a new round of bull runs. The slight correlation has created room for new records and many digital assets are rushing to take advantage of this opportunity. The best representatives of cryptocurrencies to buy have managed to demonstrate their prospects and ability to generate profits for their holders. The only question is whether the information noise from other projects will overshadow investors’ views.
The convergence of stock and crypto markets is flooding the blockchain asset market with liquidity, promising an overall surge. Still, the strength of growth can vary from token to token, so it’s worth giving it a good try rather than taking all the coins in a row. Diversification can protect against sudden changes in the behavior of certain tokens, but works best when an investor spreads the portfolio across worthy cryptos. Find out which ones you should pay attention to if you want to ride the growth wave.
Notcoin (NOT-USD)
Play-to-earn games flourished during the last bull market, primarily focused on people already familiar with cryptocurrencies. Notcoin (NON-USD) blurs this line by allowing people to participate in the coin-earning game through the Telegram platform. Notcoin has picked up 35 million users in less than a month after its launch, as it offers advantages in social mechanisms in addition to its accessibility. Quests and leaderboards, as well as the involvement of friends and the community, have led to the project’s viral growth.
Less than two months have passed since Notcoin was listed on Binance. The pre-sale price is $0.001 has risen to a June high of $0.028. The 2730% increase attracted not only beginners but also experienced traders. This brought the token to 53rd place in the market capitalization ranking with a value of $1.83 billion.
After the debut, the upward movement slowed down a bit, which is normal for the post-listing period. Last month the coin showed 26% Growth, and analysts are confident that this is not the limit of the project’s possibilities. They highlight NOT among other cryptocurrencies to buy, predicting 172.64% growth by the end of 2024.
Solana (SOL-USD)
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Until recently, it was discussed in newsfeeds Solanas (SOL USD) Advantages, especially its strong technical base and the growth of projects on this blockchain platform. The coin is now at the top of the list of cryptos to buy, as it quickly ensures equal conditions for all participants. The story of the sandwich attacks ended with the punishment of the auditors involved.
The price record from November 2021 ($260.06) is unbroken so far, but the coin is not slowing down to reach this level. Over the past year, SOL has seen an increase of 891.44%, putting it at $202.87. A slight correlation brought the coin back into the $150-$170 range, but this market trend affected Solana much less than other tokens.
Interest in SOL has not waned, with trading volume per 24 hours remaining in the $2 billion to $5 billion range for much of the last month. The dynamics of the number of active wallets describes a similar picture, with their number increasing by 1.5% 400,000 last month. The network is entering a new phase of growth as 3.6 million new token accounts were added to the Solana ecosystem in June 2024.
Binance Coin (BNB-USD)
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Ranks fourth in terms of market capitalization Binance coin (BNB-USD) celebrates reaching new heights. The cryptocurrency exchange has 200 million Users, an amazing achievement in a short time since its launch in 2017.
This cryptocurrency ambassador offers various services, from spot trading to futures contracts to decentralized finance (DeFi). Many transactions on the platform involve BNB, driving demand for the coin and preparing it for new highs.
Over the year, the price of BNB has increased by 159.83% and reached over $700. Unlike most cryptocurrencies, the token’s momentum is less prone to sharp jumps. A significant customer base and the foundation of a thriving crypto platform make Binance Coin resilient to changes in market sentiment. The fundamental value of the native token drives its price higher. This transaction and investment instrument is becoming increasingly popular, which is why analysts are positive. The projected growth could take the coin to $750-$850 in the short term, putting BNB in the category of cryptos to buy.
At the time of publication, Julia Magas did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.