What Is the Best Crypto to Buy Right Now? 4 Trending Themes

Published: 12th June, 2024 | Last Updated: 10th June, 2024

Markos Koemtzopoulos

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

In this article, I will explain the best crypto to buy at the moment. 2024 offers a variety of investment-worthy cryptocurrencies, with Bitcoin, Ethereum, and Solana at the forefront. However, I will also share four trending themes and research on coins that have the potential to grow.

This article is part of my series on how to buy crypto.

Key Takeaways

  • The crypto market is on an upward trajectory in 2024, with mainstream financial products like Bitcoin and Ethereum ETFs contributing to its stabilization and broader acceptance.
  • Four key themes for the current bull run are Gaming, DePIN, AI, and RWAs. Scroll further down to explore coins that are trending in these categories.
  • Platforms such as Solana and Polkadot are poised for growth alongside mainstays like Bitcoin and Ethereum.

Cryptocurrency market overview with Bitcoin and Ethereum leading the charge

The four overarching themes for this bull run

Four overarching themes driving the current bull run

The total cryptocurrency market is worth 2.7 trillion dollars at the time of writing.

In the kaleidoscope of current trends, four themes stand out.

  1. The digital playground of gaming, with its virtual economies and play-to-earn models, promises to be a lucrative avenue for both players and investors.
  2. Decentralized Physical Infrastructure (DePIN) such as Akash and Helium
  3. The cerebral prowess of AI is carving out its niche, offering a blend of technology and tokenomics that could redefine industries.
  4. Lastly, tokenizing Real World Assets (RWAs) bring the tangibility of bricks and mortar to the blockchain, bridging the gap between traditional asset classes and the digital domain.

The 4 Blue Chips that everyone expects to rise this bull run

Apart from the trending narratives, the following cryptocurrencies are poised to expand their reach in 2025. Investors and crypto enthusiasts are closely monitoring their trajectory:

  • Bitcoin
  • Ethereum
  • Solana
  • Polkadot

Bitcoin: The Original Digital Asset

Bitcoin, the original digital asset, is the monolith of the crypto industry. It is the largest digital currency by market capitalization. So, like a digital gold standard, Bitcoin is seen as a store of value.

Since its inception by the enigmatic Satoshi Nakamoto, Bitcoin has captured the imagination of crypto investors. It has become the epitome of decentralized finance and the poster child for the potential of blockchain networks.

bitcoin, cryptocurrency, digital

Why Bitcoin is soaring:

  • Substantial investments in spot Bitcoin ETFs, which have become a leading crypto asset for those seeking exposure to the crypto market without direct ownership of the coin
  • The underlying blockchain is secured by a robust network of miners, ensuring the integrity and longevity of the Bitcoin blockchain.
  • Companies increasingly add Bitcoin to their balance sheets, recognizing its value as a credible and sustainable asset.
  • The halving event in April 2024, a periodic reduction in mining rewards, has historically been a catalyst for an uptick in Bitcoin prices. The scarcity it induces comes with a surge in value, reinforcing Bitcoin’s position as the leading crypto investment for many.

bitcoin halving history

Ethereum: The Smart Contract Pioneer

Founded by Vitalik Buterin in 2015, Ethereum is more than just a digital currency. Unlike Bitcoin, Ethereum provides the infrastructure that allows anyone to build an app on top of it using smart contracts. It also allows you to print crypto tokens.

ethereum, currency, trading

Its transition to proof-of-stake in 2022 marked a pivotal moment, reducing energy consumption and aligning with a more sustainable vision for the future of the Ethereum blockchain.

Ethereum’s platform has become a fertile ground for decentralized applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs), attracting a swarm of developers and leading to significant price growth.

  • The Ethereum network thrives on a flywheel effect, where increased developer activity and a growing user base fuel demand for ETH, driving up its market cap.
  • The recent Dencun upgrade, with its impressive reduction in Layer 2 gas fees, has only bolstered Ethereum’s appeal, making it an even more attractive option for those seeking the best crypto to buy.
  • Moreover, the SEC’s approval of Ethereum ETFs has fostered a positive sentiment within the markets and underscored its legitimacy in mainstream finance.

vitalik buterin

Solana Blockchain: Speed and Scalability in Focus

Solana emerges as a formidable force in the realm of innovative contract platforms, distinguished by its transaction speed and cost-efficiency.

Solana website

Its rapid value growth, exceeding 620% over the past year, has captured the attention of crypto enthusiasts and solidified its status as a blockchain project to watch.

The Solana blockchain’s remarkable growth—boasting a 22,348% price gain since 2020—is a testament to solid investor interest and the platform’s disruptive potential.

The Solana blockchain’s capability to handle thousands of transactions per second at a fraction of the cost of its competitors makes it a compelling choice for applications that demand rapid processing. This feature is a game-changer, particularly for decentralized exchanges and other DeFi services that require swift and scalable solutions.

Investors eyeing the next big thing in the crypto world are increasingly turning their gaze toward Solana.

Meme Coin mania

Meme coins with potential for growth and unique tokenomics

In early 2024, meme coins, alongside AI tokens, have provided some of the highest returns, captivating the crypto community with their potent mix of humor and profitability. The Solana network, in particular, has become a stage for the dramatic surge in meme coin popularity, with trading volumes swelling, indicating a robust meme coin space.

dogwifhat meme coin

Projects like:

  • Dogwifhat, a dog-themed meme coin
  • Trumpmania
  • Mog coin, a cat-themed meme coin
  • Michi, another cat meme coin

An excellent place to explore trending coins is Dexscreener, which shows you what people are buying on decentralized crypto exchanges. These days, it’s mostly meme coins on Solana.

dexscreener

Gaming

1. Creo Engine

creo engine homepage

Creo Engine is a gaming platform offering a shared NFT ecosystem, allowing assets to be used across multiple games. It provides tools for developers to transition from Web2 to Web3 gaming, including a store, marketplace, and the CREO utility coin. The platform targets the growing play-to-earn market, especially in Southeast Asia, but has expansion plans for Europe and North America.

Creo Engine has released several in-house games and is developing more, with a user interface called Creoplay.app for game access.

Tokenomics shows promise, with incentives for staking and a low market capitalization compared to the industry’s size. Creo Engine’s momentum is positive, trending on social media with room for growth. The most significant things you should be concerned about are the team’s experience and the platform’s focus.

You can read about Creo Engine and whether it is a good investment here.

2. Gamer Arena

gamer arena homepage

Gamer Arena is a platform worth exploring for those interested in the intersection of gaming and cryptocurrency. It’s a competitive gaming environment that harnesses the power of blockchain to reward players with cryptocurrency. By participating in tournaments and head-to-head competitions, gamers can earn crypto rewards, adding a layer of financial incentive to the thrill of online gaming.

Gamer Arena represents a growing trend of play-to-earn models in the gaming industry, providing a space for the gaming community to engage in their passion and potentially reap financial rewards.

For a deeper dive into what Gamer Arena offers, check out the detailed analysis at What is Gamer Arena.

RWAs

Real-world assets (RWAs) are bringing a new dimension to the crypto market by tokenizing tangible assets, from real estate to commodities, offering investors a seamless blend of traditional and digital investment opportunities.

real world assets

Here are some of the most trending RWA coins

3. ONDO

ONDO Finance offers a unique approach to DeFi by providing tokenization services for treasuries.

They offer four products.

  1. OUSG for US treasuries
  2. OMMF for money markets
  3. USDY, a yield-bearing stablecoin
  4. Flux Finance, a decentralized lending protocol

They have also partnered with Blackrock, the world’s largest asset manager, and they are the largest RWA project by market capitalization. To learn more about how ONDO Finance is revolutionizing the RWA space, visit What is ONDO Finance.

4. Realio Network: Tokenizing Real-World Assets

realio network

Realio Network is a groundbreaking platform that stands out in the crypto world for its innovative approach to tokenizing real-world assets. It effectively bridges the gap between traditional finance and the decentralized digital economy. It leverages blockchain technology to offer a secure and transparent environment for issuing, managing, and trading digital securities.

The network’s infrastructure is regulatory-compliant, ensuring that investors can confidently participate, knowing that the platform adheres to legal standards. Realio Network’s use of distributed ledger technology democratizes access to investment opportunities and enhances liquidity in typically illiquid markets.

For a comprehensive understanding of Realio Network, check out What is Realio Network.

5. Propbase: A New Frontier for Tokenized Real Estate

Propbase stands out in the crypto industry as a platform dedicated to tokenizing real estate. This innovative approach allows for fractional ownership and investment in property assets, democratizing access to real estate investment, which is traditionally a domain reserved for those with significant capital.

propbase app

The Propbase platform utilizes a blockchain platform to create a transparent and efficient marketplace for real estate assets.

By tokenizing properties, Propbase offers investors the chance to gain exposure to the real estate market with the added benefits of liquidity and blockchain security.

PROPS token

$PROPS is the native token of the Propbase platform. It plays a crucial role in facilitating transactions and governance within the ecosystem. The crypto token allows for a decentralized and user-driven approach to real estate investment, which could potentially lead to a more inclusive market.

For a detailed analysis of Propbase and insights into the potential of $PROPS as an investment, visit What Is Propbase Crypto.

6. Everest ID

Everest.org

Everest ID is a cryptocurrency platform that integrates traditional finance with crypto through digital identities. By submitting a biometric photo, users can create a unique and secure digital identity on the blockchain, which is managed by a non-profit entity called THE Foundation. With a Virtual Assets Service Providers license in Malta, Everest is compliant with the forthcoming MiCA regulations in Europe.

The platform offers B2B financial services, including tokenization of various assets, an exchange for fiat and crypto, lending services, global remittances and payments, KYC and compliance solutions, and a multi-currency wallet that holds fiat, crypto, and identity in one place.

Everest ID token

The Everest ID token has a total token supply of 800 million tokens and a burning mechanism to decrease supply over time. Built on Ethereum with its own sidechain for faster transactions, Everest has a strong team with significant experience and connections.

Everest has a strong team, a solid product with a strategic competitive edge, good tokenomics, and market capitalization that implies significant growth potential. The crypto project has momentum, with an increasing social media presence and a recent $250 million deal with a mining conglomerate. For more research, check out What is Everest ID and Is It a Good Coin To Buy

7. LumiShare: Tokenized renewable energy projects

Lumishare

LumiShare stands at the intersection of blockchains and renewable energy, aiming to tokenize real-world assets such as wind and solar projects. By issuing NFTs, LumiShare offers investors a unique blend of fixed and variable monthly yields without principal return, akin to a hybrid of debt and equity instruments. Investments are made using the LUMI token, which is necessary for purchasing these tokenized NFTs.

Lumiplace, LumiShare’s NFT marketplace, is currently in its testnet phase, showcasing a promising feature that allows investors to visualize the renewable assets they are funding. The platform is designed to democratize investment in green energy, offering retail investors portfolio diversification and renewable energy farms easier access to capital. The marketplace is developing, but ambitious expansion plans include tokenizing a wide range of assets from precious metals to fine art.

LUMI token

The LUMI token functions as the exchange medium on LumiShare’s platform, with additional incentives for holders such as early investment access, voting rights, and staking rewards through LumiStake. Uniquely, LUMI claims are backed by gold, cash reserves, and unspecified advanced technology, along with a stabilization algorithm intended to limit downside risk while preserving upside potential.

Tokenomics includes a maximum supply reflecting the global population at LumiShare’s inception, with a gradual unlocking and a 50% burn mechanism to reduce supply over time. The diversified token allocation covers aspects from asset backing to staking mechanisms and development funds.

The process of tokenizing real-world assets involves due diligence by LumiShare, the creation of a special purpose vehicle (SPV), and the placement of tokenized shares in a smart contract. Compliance with local regulations is a priority, and the platform facilitates the trade of tokens and the distribution of returns through LumiPlace.

Lumiplace

LumiShare’s focus on renewable energy is unique. Yet, compliance and regulatory hurdles remain challenges, and the project’s broad scope may dilute its focus. More research on LUMI is available here: What Is Lumishare Crypto and Is LUMI a Good Investment?

8. BlockSquare: Tokenizing Real Estate for the Masses

Blocksquare

BlockSquare offers a novel way to tokenize real estate properties, thereby democratizing access to property investment.

It provides a system that allows real estate businesses to create and sell property-backed tokens directly to investors, making property investment accessible to a wider audience.

BlockSquare offers fractional real estate ownership, meaning that investors can own a piece of property without buying the entire asset. This opens the real estate market to those who may not have the capital for large investments while also providing liquidity in a traditionally illiquid market.

BST token

As for the investment potential, BlockSquare operates with its native token, BST. The value proposition of BST lies in its utility within the BlockSquare ecosystem.

Token holders can participate in the platform’s governance, vote on property listings, and receive a portion of the transaction fees from the platform’s operations.

You can find more detailed research here: What is BlockSquare Crypto.

AI

Artificial intelligence (AI) is no longer confined to Google and Microsoft; it has found a thriving home in the blockchain space, where platforms like Bittensor and Fetch.ai are harnessing their capabilities for a variety of innovative applications.

artificial intelligence

Let’s take a closer look.

9. Bittensor

Bittensor

At its core, Bittensor aims to democratize AI by allowing anyone with computational resources to participate in the training and deployment of AI models. This is achieved through a unique tokenomics system that incentivizes contributions to the network. Participants get the native TAO token as a reward, which can be earned by providing the network with valuable computational power and data.

One of Bittensor’s standout features is its innovative use of a blockchain platform to ensure transparency and security. Each contribution to the network is recorded on the blockchain, creating an immutable ledger of all activities. This enhances trust among participants and ensures that the AI models developed within the network are verifiable and tamper-proof.

Bittensor’s decentralized approach also addresses some of the key challenges traditional AI development faces, i.e., data privacy and scalability. By distributing the computational workload across a global network of participants, Bittensor can scale more efficiently and handle larger datasets without compromising privacy.

Bittensor’s potential applications are vast, ranging from natural language processing and image recognition to predictive analytics and autonomous systems. As the network grows, it attracts a diverse range of developers, researchers, and organizations looking to leverage decentralized AI for various use cases.

For a deeper dive into Bittensor and its potential impact on the AI and blockchain landscape, you can visit What is Bittensor.

10. Fetch AI

fetch AI

Fetch.ai is an innovative platform that blends artificial intelligence (AI) with blockchain tech to create a decentralized digital economy. The platform aims to provide a framework for building and deploying AI-powered autonomous agents that can perform various tasks, from optimizing supply chains to managing smart cities.

Use Cases

Fetch.ai’s technology has a wide range of applications across various industries:

  • Smart Cities: AEAs can manage urban infrastructure, optimize traffic flow, and reduce energy consumption, making cities more efficient and sustainable.
  • Supply Chain Management: Agents can streamline logistics, track goods in real time, and reduce inefficiencies. This leads to cost savings and improved service delivery.
  • Energy Markets: Fetch.ai enables decentralized energy trading, allowing consumers to buy and sell energy directly. This promotes renewable energy sources and reduces reliance on centralized power grids.
  • Mobility: Autonomous agents can coordinate transportation services, optimize routes, and manage shared mobility solutions. This enhances the efficiency of urban transport systems.

For a deeper dive into Fetch.ai and its potential impact on the AI and blockchain landscape, visit What is Fetch.ai Crypto.

DePIN

Decentralized Physical Infrastructure Networks (DePIN) are reshaping the way we think about data privacy, ownership, and connectivity in the digital age.

DePIN

DePINs incentivize individuals and organizations to contribute resources, such as hardware, bandwidth, or storage, to a decentralized network. In return, participants get tokens as rewards, creating a self-sustaining ecosystem that can scale without centralized control.

The Helium Network and Akash are prime examples of DePIN in action.

11. Helium

Helium Network, often referred to as “The People’s Network,” is a decentralized wireless network designed to provide long-range connectivity for Internet of Things (IoT) devices. It leverages blockchain technology to create a global, peer-to-peer network that incentivizes users to deploy and maintain Hotspots, which are essentially wireless gateways that provide network coverage.

Helium hotspots

Helium’s unique proposition lies in its use of a novel consensus mechanism called Proof-of-Coverage (PoC). This mechanism rewards participants with Helium tokens (HNT) for validating wireless coverage and transferring data. By leveraging this decentralized approach, Helium aims to build a robust and scalable network without traditional telecom infrastructure.

The network has experienced significant growth, with thousands of Hotspots deployed worldwide. This expansion is driven by the promise of earning HNT tokens, which can be traded or used within the Helium ecosystem. The increasing adoption of IoT devices further bolsters the demand for Helium’s network, making it a compelling investment opportunity.

HNT tokenomics

Helium’s tokenomics are designed to sustain long-term growth. The total supply of HNT is capped, and the rewards for mining decrease over time, similar to Bitcoin’s halving events. This scarcity, combined with growing network usage, can potentially drive up the value of HNT tokens.

For a detailed analysis of Helium and its investment potential, visit Is Helium Crypto a Good Investment?

12. Akash Network

Akash Network

Akash Network is a decentralized cloud computing marketplace that aims to provide a more secure, efficient, and cost-effective solution for deploying and managing applications. It operates as a peer-to-peer network where users can rent out their unused computing resources to others, creating a decentralized and scalable infrastructure for cloud services.

For a comprehensive analysis of Akash Network and its potential impact on the cloud computing industry, you can visit What is Akash Network.

Low caps with growth potential

13. Chainge Finance

Akash Network

Chainge Finance is the first decentralized platform to allow you to trade any token. To date, decentralized exchanges focus on a separate blockchain network. Uniswap is for the Ethereum blockchain. Radium is for Solana. Trader Joe is for Avalanche, and so on.

Even centralized cryptocurrency exchanges do not offer the full range of all possible crypto assets.

Chainge Finance wants to be the Amazon store for all crypto coins and tokens in one place. The platform supports a wide range of blockchain networks. This allows users to transfer assets between different chains without seamlessly bridging complex solutions.

XCHNG Token

At the heart of Chainge Finance is the CHNG token, which serves as the platform’s native utility token. Users can earn CHNG tokens by participating in various platform activities, such as staking, liquidity provision, and governance voting. CHNG’s tokenomics incentivize long-term holding and active participation, fostering a vibrant and engaged community.

Chainge Finance app

Chainge Finance also prioritizes security and user protection. The platform employs advanced security measures, including multi-signature wallets and decentralized identity verification, to safeguard users’ assets against potential threats.

You can find out more about whether Chainge Finance is a good investment here.

14. Limewire

Limewire

Limewire, once a household name in the early 2000s for its peer-to-peer file-sharing software, has been reborn in the crypto world with a new focus on digital assets and blockchain technology. T

This transition marks a significant pivot from its original incarnation, aiming to leverage the power of decentralized finance (DeFi) and non-fungible tokens (NFTs) to create a unique platform for digital content distribution.

A New Era for Limewire

Limewire’s reimagined platform is designed to empower creators and consumers by providing a decentralized marketplace for digital content.

This new iteration of Limewire aims to solve some of the longstanding issues in the digital content industry, such as unfair revenue distribution and lack of transparency. Using blockchain technology, Limewire ensures that transactions are secure, transparent, and immutable.

Key Features and Offerings

  1. NFT Marketplace: Limewire’s platform includes a robust NFT marketplace where creators can mint, sell, and trade digital assets. This marketplace is user-friendly, making it accessible even to those new to the world of NFTs.
  2. DeFi Integration: Limewire integrates various DeFi protocols to offer financial services such as staking and yield farming. Users can stake their Limewire tokens to earn rewards or participate in liquidity pools to gain additional income.
  3. Content Monetization: One of Limewire’s standout features is its focus on fair content monetization. Thanks to the platform’s decentralized nature, which eliminates the need for intermediaries, creators receive a larger share of the revenue generated from their content.
  4. Community Governance: Limewire promotes a community-driven approach by allowing token holders to participate in governance decisions. This includes voting on platform upgrades, new features, and other critical aspects of the platform’s development.

Tokenomics

Limewire operates with its native token, $LIME, which serves multiple purposes within the ecosystem. $LIME is used for transactions on the platform, staking, governance, and accessing premium features. The tokenomics of $LIME incentivizes long-term holding and active participation, creating a sustainable and engaged community.

For a comprehensive analysis of Limewire’s potential and detailed insights into its offerings, you can visit What is Limewire Crypto.

15. Injective

"</p

Injective Protocol is a groundbreaking decentralized exchange (DEX) platform that aims to revolutionize asset trading in the crypto industry.

The platform is built on the Cosmos blockchain and offers a fully decentralized, permissionless, and highly efficient trading environment. The platform supports a wide range of financial products, including spot trading, derivatives, and futures. It is a versatile choice for traders looking for a comprehensive trading solution.

One of Injective’s standout features is its ability to execute trades with zero gas fees. Its unique Layer 2 scaling solution makes this possible, significantly reducing transaction costs.

The platform also boasts a highly secure and transparent trading environment. Injective uses a decentralized order book and a matching engine, ensuring that all trades are executed trustless. This eliminates the need for intermediaries and reduces the risk of market manipulation.

INJ token

The Injective’s native token, INJ, plays a crucial role in the ecosystem. It is used for governance, staking, and utility within the platform.

Token holders can participate in governance decisions, such as protocol upgrades and fee structures, giving them a say in the platform’s future direction. Staking INJ tokens also allows users to earn rewards and contribute to the network’s security and stability.

Furthermore, Injective is highly interoperable with other blockchain networks.

Through its integration with Cosmos’ Inter-Blockchain Communication (IBC) protocol, Injective can seamlessly interact with a wide range of blockchains, enhancing its liquidity and expanding its user base.

For a more detailed analysis, you can visit What is Injective Crypto.

16. Verasity

Verasity website

Verasity (VRA) is an innovative platform designed to enhance the digital content space by providing solutions for video entertainment, ad tech, and esports. The platform aims to tackle some of the most pressing issues in these industries, i.e., ad fraud and transparency, by leveraging blockchain technology.

Key Features and Offerings

  1. Proof of View (PoV): One of Verasity’s standout features is its patented Proof of View technology. This technology is designed to eliminate ad fraud by ensuring that all views and interactions with video content are genuine.
  2. Esports Fight Club: Verasity has made significant strides in the esports industry through its Esports Fight Club platform. This platform offers a comprehensive suite of tools for organizing and managing esports tournaments. It supports various popular games and provides features such as live streaming, tournament management, and reward distribution, all powered by VRA tokens.
  3. Verasity.tv: Verasity.tv is a video-sharing platform that integrates the Proof of View technology. Content creators can upload videos and earn VRA tokens based on genuine views. This incentivizes the creation of high-quality content and ensures that creators get rewards for their work.
  4. VRA Rewards System: The VRA token is central to Verasity’s ecosystem. Users can earn VRA tokens by watching videos, participating in esports tournaments, and engaging with ads. These tokens can be staked for additional rewards, used for in-platform purchases, or traded on various cryptocurrency exchanges.
  5. AdStack: Verasity’s AdStack is an ad tech solution that integrates with existing ad platforms to enhance transparency and efficiency. Using blockchain to verify ad views and interactions, AdStack ensures advertisers get what they pay for, reducing wastage and increasing ROI.

Tokenomics

The Verasity ecosystem is powered by the VRA token, which has multiple use cases within the platform. The tokenomics are designed to incentivize long-term holding and active participation. Users can stake VRA tokens to earn additional rewards, and the platform regularly burns a portion of the tokens to reduce supply and increase scarcity.

For a comprehensive analysis of Verasity and its potential impact on the digital content space, you can visit What is Verasity Crypto.

Investment Strategies

Balanced crypto portfolio with market leaders and altcoins

There are only two ways to set up an investment portfolio

  1. The stress-free savings for your children’s future way
  2. The more stressful and riskier riding the bull market wave

A stress-free way to invest

If you plan to hold crypto for more than 20 years, a popular investment strategy is to invest 5% of your savings in BTC and ETH. The logic is that assets could play a significant role in the future of finance. If things go well, your 5% investment could multiply. If it doesn’t, then you only have 5% exposure.

The more stressful and riskier riding the bull market wave

At the time of writing, we are in the middle of a bull run, with most pundits predicting it will last into 2025. This means that if you buy not and exit before prices drop, you stand to make a decent profit. The challenge is that most people are terrible at timing the market.

If this is what you plan to do, invest most of your portfolio in the top cryptocurrencies, i.e., ETH, BTC, and SOL. Then, the rest, say 10-20%, can be included in some trending themes. Make sure to take profits as prices rise. You don’t want to ride the wave up and down again.

If the price moves in the opposite direction from your expectations, a good tactic is to use a stop loss.

These automated orders can limit potential losses by selling assets at a predetermined price, providing a safety net during market downturns.

Finally, investing in a meme coin is a bad idea. Most people lose money this way.

If, by the time you read this article, we are in a crypto winter, avoid the riskier, smaller-cap cryptocurrency projects.

Crypto Wallets and Security

Safeguarding digital assets is paramount in the crypto world, and choosing a crypto wallet and security measures is essential for any investor. Crypto wallets, the guardians of private keys, are divided into hot wallets, which are internet-connected for ease of access, and cold wallets, which provide better security by remaining offline. Each type of wallet, from web and desktop to mobile, paper, and hardware, offers a unique balance of convenience, security, and functionality.

Ledger wallet

Custodianship of wallets is another critical aspect of cryptocurrency security. Custodial wallets give users control over their private keys. On the other hand, non-custodial wallets entrust the security to a third party, such as a cryptocurrency exchange. The decision between these two forms of wallet custodianship depends on the user’s comfort level with managing their security and their trust in external entities.

Utilizing multiple wallets can be an effective strategy for optimal security. A hardware wallet can serve as a vault for long-term savings, while a mobile wallet can handle day-to-day transactions. This layered approach enhances security and allows for greater flexibility in managing a crypto portfolio.

Frequently Asked Questions

What makes Bitcoin a solid investment in the current cryptocurrency market?

Bitcoin’s proven track record of growth and resilience, along with increased institutional adoption and the launch of Bitcoin ETFs, make it a solid investment in the current cryptocurrency market.

Can meme coins be considered serious investment opportunities?

Meme coins like Dogecoin and Shiba Inu have shown real-world utility and strong investor interest, suggesting potential for growth beyond their meme status. Consider them as serious investment opportunities.

How do decentralized finance (DeFi) platforms like Uniswap and Aave benefit investors?

DeFi platforms like Uniswap and Aave benefit investors by providing decentralized alternatives to traditional banking services. These services offer yield opportunities through innovative solutions like liquidity protocols and automated market makers, appealing to a range of crypto investors.

Are there risks involved in investing in low-cap cryptocurrencies?

Investing in low-cap cryptocurrencies carries higher risks due to their volatility and lower liquidity. However, they may offer significant growth potential for investors with a higher risk tolerance. Be cautious when considering these investments.

How can I ensure the security of my cryptocurrency investments?

To ensure the security of your cryptocurrency investments, choose the right wallet, maintain control over your private keys, and use multiple wallets for different purposes to spread risk. This is crucial for protecting your assets.

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

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