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The number of cryptocurrencies on the market is astronomical.
With over 10,000 different coins and tokens to invest in, you can find a profitable coin. A cryptocurrency with high potential for future growth. It may seem like finding a needle in a haystack!
Number of cryptocurrencies worldwide from 2013 to 2024
When looking for profitable cryptocurrencies, it is best to consider the current project, how it works in the real world, whether it has a growing community, and its performance in the market.
For example, a coin with a low circulating supply compared to the total supply may have room to grow, while another coin with mass adoption may indicate an increase in value due to demand for it.
In this post, we will show you how to find Most profitable cryptocurrencies In 2024 using tools like CoinMarketCap.
We’ll share with you our top seven picks for the most profitable cryptocurrencies by market cap today and give you tips on what to consider when choosing a new crypto investment.
Table of Contents
Key Points: Vocabulary to Know
Profitable:
In the world of cryptocurrencies, a profitable asset generates a return on the initial investment over time. This can be measured by how the price of a cryptocurrency rises relative to its purchase price. Short-term gains are not necessarily taken into account, but rather its continued growth over time.
What are the factors affecting profitability?
Price trends:
It is the direction in which the value of a cryptocurrency moves over a specific period of time. This direction can be upward (bullish), downward (bearish), or sideways (neutral). This is a valuable factor to consider when trying to predict future cryptocurrency trends.
Market value:
Market cap, also known as market capitalization, is the total value of a cryptocurrency. It is calculated by multiplying the current price of a coin by its circulating supply. It represents the total size and value of a cryptocurrency within the market. A large market cap usually means a more stable coin. On the other hand, a small or medium-sized market cap can indicate more room for growth but also involves higher risk. Bitcoin has the largest market cap, making it a safer and less volatile investment.
Supply (circulating distribution vs. maximum supply):
Circulating supply is the number of coins or tokens currently available and circulating in the market. While max supply is the maximum number of coins that will ever exist for a cryptocurrency.
How to Find the Most Profitable Cryptocurrencies: A Step-by-Step Guide Using CoinMarketCap
When you’re looking to invest in a new and profitable cryptocurrency, CoinMarketCap is a great tool to help you make informed choices. It’s an online platform that shares up-to-date market data, including price trends, current market cap, and supply.
Here is a guide on how to use CoinMarketCap to find profitable cryptocurrencies today:
1️⃣Go to CoinMarketCap.com
You do not need to register to use the basic features of this site.
2️⃣ Filter by market value
Once you get to the homepage, you will see the filter options in the top right corner. Click on the “Customize” button. This will allow you to filter the current cryptocurrencies by market cap size.
Depending on your strategy, you may simply want to filter from the highest to the lowest market cap or look for cryptocurrencies with a medium-sized market cap to maximize growth potential.
In our example, we will show the most profitable cryptocurrencies of the year so far.
3️⃣Select the current offer and recent performance.
You may want to customize the filters to indicate YTD%, current market cap, volume, circulating supply, and the number of days you want the chart to show its results.
When you are finished making your selections, click Apply Changes.
4️⃣ Check recent performance
Make sure to click on the YTD% button to reorder your results. This will give you a sorted list of profitable cryptocurrencies based on the specific features we’ve highlighted.
5️⃣ Read the results related to long-term potential.
Now that you have the information, it’s time to read it and understand what it all means.
You will want to evaluate the coin. Current Offer With her Maximum supplyThis will give you clues about the potential growth potential of a currency.
⚠️Remember, if the supply is close to saturation, it will be more stable but unlikely to grow significantly.
Check the coin performance from the last time 7 days or year to date This is another great indicator of how well or poorly a business is performing. It’s a great tool to see if there is consistent growth over time.
❗Remember that sudden growth and sudden spikes may mean a quick profit, but they may also indicate a quick loss if they are very volatile.
Top 7 Profitable Cryptocurrencies to Invest in 2024
Here is a curated list from CoinMarketCap of the top 7 profitable cryptocurrencies to invest in right now.
These coins have recently shown significant growth in the past year and we have highlighted their performance over the past 7 days. They could have strong potential going forward based on current market statistics.
1. POPCAT
Over the past year, and more specifically over the past seven days, Popcat has seen a significant amount of growth. It has a low circulating supply compared to its maximum supply, indicating that it has plenty of room to grow. However, it is volatile and is best suited for high-risk, high-reward investors.
Last 7 days %:8093.21%
Market value: $650,982,886
Current Offer: 195,324,290 of 979,973,185 POPCAT
2. Mantra (Om)
MANTRA is showing the most growth in the DeFi space with significant growth to date. It is still in its early days, but this also indicates greater potential for adoption and growth.
Last 7 days %: 1834.79%
Market value: $952,812,102
Current Offer: 25,711,641 of 842,499,555 ohms
3. Dog Hat (WIF)
Known as a “meme coin” like Shiba Inu and Dogecoin, Dogwifhat is a volatile coin that looks like a good short-term investment. It has a low circulating supply and has shown high performance. This may be a risky buy but has the potential to yield very high returns.
Last 7 days %:905.24%
Market value: $1,534,067,471
Current Offer: 126,570,571 of 998,845,521 WIF
4. Baby (PEPE)
This is another meme-based coin that has gained a lot of attention due to its cultural significance in the crypto world. It has a responsible price, making it an attractive investment for short-term buyers.
Last 7 days %:468.00%
Market value: $3,097,199,668
Current Offer: 44,723,626,298,469 of 420,689,899,999,995 PEPE
5. ONDO
Ondo has seen steady growth over the past year and still maintains a low supply. Its market cap has been gradually rising which means it could become a stable investment coin compared to other volatile coins on this list. Ondo shows good promise for any investor looking for a growth-oriented coin.
Last 7 days %: 288.55%
Market value:$873,111,294
Current Offer: 68,431,351 of 1,389,759,838 Ondo
6. Floki (Floki)
It is another widely talked about meme coin that has seen impressive gains in the short term. The only concern here is the huge max supply that could limit returns in the long term.
Last 7 days %: 252.73%
Market value: $1,184,170,116
Current Offer: 864,818,136,867 of 9,585,255,594,791 Floki
7. JASMY
This is a data security-focused coin that has grown in the decentralized data solutions sector. It currently has a low circulating supply, which means there is significant growth potential. This is a good option for investors who want real use cases for their cryptocurrency.
Last 7 days %: 204.14%
Market value: $982,738,413
Current Offer: 2,485,162,538 of 49,299,999,677 Jasmi
Long-Term Crypto Queens: Bitcoin and Ethereum
While our list of the top 7 cryptocurrencies shows the most attractive cryptocurrencies to invest in based on current market cap and short-term gains, it is important to submit to the long-term crypto queens: Bitcoin and Ethereum.
These two have proven their strength and potential for over a decade and are considered the “safest” options for investing in cryptocurrencies in the long term.
Why is it better for long term investment?
BTC and ETH are the leading cryptocurrencies by market cap. Bitcoin is a valuable asset and even a valuable commodity to hedge against inflation. On the other hand, investing in Ethereum shows amazing growth in decentralized applications, smart contracts, and the DeFi space.
Unlike other currencies on the list, Bitcoin and Ethereum are ideal for growth over time.
Bitcoin vs Ethereum Market Cap So Far%
Store your long-term investments securely
When holding Bitcoin and Ethereum, security should be your top priority.
To safely store these high-value coins, cold hard wallets are the safest method of storage. Materials portfolio These wallets are specifically designed to keep your Bitcoin or Ethereum safe from any online threats. Since they are completely offline, these cold storage wallets ensure that your long-term investments remain safe.
Strategies to Maximize Profit from Cryptocurrencies
diversification:Don’t rely on investing in just one coin. You should balance your portfolio with high-risk, high-reward cryptocurrencies and safer long-term assets like Bitcoin and Ethereum.
Dollar Cost Average (DCA)Invest small amounts regularly over time. This will help reduce the risk of market volatility.
Watch the marketStay on top of the latest market trends with monthly Bitcoin returns and Ethereum analysis charts.
👍 Pro tip: Set up stop loss orders to minimize potential losses during periods of market decline.
Use secure cold walletsKeep your digital assets safe with secure hardware wallets, especially for long-term investments like Bitcoin. This ensures protection from online threats.
What is the most profitable cryptocurrency for 2024?
In 2024, the most profitable cryptocurrencies depend on your investment goals. Meme coins like Popcat and FLOKI can provide exciting short-term gains but come with high volatility.
If you are looking for more stable and “peaceful” long-term profitability, crypto assets like Bitcoin and Ethereum are safer investments.
Ultimately, the best cryptocurrency for you depends entirely on your risk tolerance and future goals. Diversifying into both types of assets can help balance the risks of growing cryptocurrencies with the long-term rewards.
Frequently Asked Questions
What is the most profitable cryptocurrency right now?
- Based on recent performance, Popcat (POPCAT) has seen the biggest gains over the past seven days. However, when it comes to long-term profitability, Bitcoin remains the leading cryptocurrency.
How do I find profitable cryptocurrencies?
- Use tools like CoinMarketCap to analyze market cap, circulating supply, and recent price performance.
Is investing in meme coins a good idea?
- Meme coins can provide significant returns in the short term, but they may also carry more risks.
What is the best long term investment in cryptocurrencies?
- Bitcoin and Ethereum remain the best options for long-term profitability.
