For the first time in more than two years, the global cryptocurrency market has once again surpassed a $3-trillion valuation, marking a significant turning point in the industry's recovery.
Cryptocurrency followers waited long enough for a new bull cycle to come. Having now been thrust onto the stage, investors can use this window to make key strategic moves that can give them deep pockets.
As the tides seem to be changing, now is the best time to identify the best cryptocurrency investment.
A price surge above $3.4 trillion in 2025 has indeed brought a solid recovery to the global crypto market. Here are the top 8 cryptocurrencies to contemplate entering before or throughout the current bull cycle.
This article explores the characteristics of the current market state while identifying the reasons why these are the eight best cryptos to buy before the bull market.
One of the best altcoins that can benefit from the 2024 bull market is Sui (SUI). The Sui network has expanded at an astounding rate over the last few months, with a total value locked (TVL) increase of over 1,000%.
It took Sui less than a year to become one of the ten biggest DeFi projects, with a TVL of more than $575 million, based on data from DeFiLlama.
As the network expands, analysts predict that in 2024, the Sui coin will skyrocket. Sui has increased by more than 120% year-to-date (YTD), trading at a range of $1.5. Given its current growth rate, it is easy to see why Sui is a must-have DeFi coin.
Solana (SOL) was one of the best cryptocurrencies to invest in in 2023, growing by more than tenfold. The platform outperforms Ethereum by utilizing both a proof-of-history (PoH) and proof-of-stake (PoS) approach, allowing it to handle many transactions in seconds.
The Solana ecosystem is also expanding rapidly, thanks to recent airdrops that have shocked the community. Although Solana has crossed the $120 threshold in 2024, some crypto experts predict another 10x price increase in 2024, making SOL a good crypto to buy.
Cardano (ADA) is one of the most established blockchain projects, with its use only increasing every year. Cardano has continuously led Github in developer activity over the last year, demonstrating significant engagement and innovation among its community.
The platform has seen various changes, with notable advancements like as the Vasil hard fork sticking out. Charles Hoskinson, Cardano's founder, has discussed a forthcoming upgrade called Plutus V3.
This upgrade demonstrates that there are more advances on the Cardano network, making it one of the top DeFi projects to invest in. 2024 could be the year ADA hits a new all-time high.
Meme Moguls (MGLS) aims to transform the meme coin industry by combining meme coins and gaming under one tent. This new DeFi project is planning to develop an investment game that will teach players how to invest and diversify their portfolios.
Users would be provided virtual funds to practice and test their investment methods. However, participants who meet specific milestones can start earning real cash rewards, making it one of the top DeFi projects to invest in.
Only individuals who own the platform's native token, MGLS, can participate in the game. This makes MGLS one of the best meme coins to invest in because it provides access to the Meme Moguls platform.
In addition, those who have the Meme Moguls meme coin can stake it to receive rewards, providing a source of passive income for investors. Currently priced at $0.0036 per coin with a price target of $0.50 in 2024, MGLS is a very good crypto to buy heading into the 2024 bull market.
Chainlink (LINK) has consistently been at the forefront of providing real-world data to smart contracts on the blockchain. With the real-world use of Chainlink only growing bigger, analysts have picked LINK as one of the top crypto coins to hold in 2024.
LINK has been trading under bullish momentum as it seems a price jump from a monthly low of $13.53 to a high of $20.82. In addition, technical indicators show that the token is bullish, and its price gains could continue over the following months.
It is expected to rise by as much as $45 in 2024, according to analysts, placing it among the best cryptocurrencies to buy for the bull market.
Ripple (XRP), another well-known cryptocurrency, has a very specific use case. Its goal to fortify and streamline international money transfers is widely acknowledged. In order to increase the number of foreign payments made with its cryptocurrency (XRP) has collaborated with other organizations.
Because of its potential, it's one of the best altcoins to buy in since, once it starts to take off, its value might explode. After rising 8.6% in the last week, the current price range for Ripple is $0.5167 to $0.5762.
Bulls have returned to the market with full force and could push the token above the $1 mark in the coming months.
Tron (TRX) has become a steady price ascent of 7.2% after consolidating in a narrow price range. The altcoin has pumped from a weekly low of $0.1229 to a high of $0.1325.
Currently, Tron's RSI value is at 81.10, which indicates that the Tron market is in an overbought position. The RSI indicator suggests that the price of Tron will continue to increase.
Like Dogecoin, Shiba Inu (SHIB) began as a lighthearted meme coin project. But over time, it has experienced enormous growth, ranking as the second-largest meme coin by market capitalization.
All of this is possible because of the incredible vision of the Shiba Inu community and their hardworking staff. They've produced some extremely interesting initiatives, including their own Layer-2 blockchain, Shibarium, and a decentralized exchange called ShibaSwap.
Presently, the Shiba Inu team is testing an auto-burn function on Shibarium to lower the SHIB meme token supply, perhaps increasing the meme coin's value in the future.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.