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How to deal with the cryptocurrency downturn in July? It may not be good, but it’s all part of the broader crypto market rally. Corrections are natural and indeed required in this industry.
Now is a good time to take a look at the best cryptocurrencies to buy now and put them together for what’s to come in the second part of 2024.
Research is essential in crypto, and we’ve put together this list based on the project’s features, plans, team, and marketing, among other things.
Best Cryptocurrencies to Invest in July 2024
Shiba Shot Out (SHIBASHOOT) – A Wild West-themed meme coin featuring Shiba the cowboy and a high-yield “cactus stake.” Pepi Unchained (PEPU) – A Pepi-inspired meme coin that aims to create a layer 2 blockchain to speed up transactions and lower fees. BizDogs (DAWGZ) – A cross-chain meme coin project that primarily operates on the Biz Network with cross-chain capabilities. PlayDog (PLAY) – A Tamagotchi-inspired gaming meme coin that allows users to earn rewards by caring for virtual pet dogs. Winner AI (WAI) – A quirky meme coin that combines a sausage dog theme with an AI-powered trading bot to identify investment opportunities. 99 Bitcoin (99BTC) – An educational crypto project that offers a “learn how to earn” model where users earn tokens for completing courses and quizzes. Alephium (ALPH) – A technical blockchain project that uses novel sharding and consensus mechanisms to improve scalability and transaction speeds.
SHIBASHOOT
The first coin on our list of the best cryptocurrencies worth investing in right now is Shiba Shootout. It’s a new dog-themed coin, an alternative to Shiba Inu. But this coin offers a wild west story.
The game features characters like Marshal Shiba and the Shiba Archers. The Marshal is the main character, looking like a cowboy while the Shiba Archers are members of the community. The setting where all the action takes place is Shiba Bay.
Shiba Shootout offers some interesting features and community engagement options. Cactus betting is definitely a key part, with annual rewards now exceeding 2000% and millions of SHIBASHOOT tokens already being staked.
Other features include Posse Rewards, Camp Stories, Lucky Lasso Lottery, and Token Governance Rounds.
The token is currently in a presale and has raised around $500,000 so far. The team also plans to continue marketing with several crypto media outlets and crypto influencers.
However, every project that will be mentioned in this list of the best altcoins to buy now has a similar marketing plan. This is crucial for any early stage crypto project.
Overall, Shiba Shootout could be the next big coin.
Baby Unrestricted (PEPU)
The second coin on our list is Pepe Unchained, a new meme coin that is also in presale. This coin offers a layer 2 blockchain built on top of Ethereum. Fast transactions and low fees are the value propositions here. In fact, the project claims that the transaction speed will be 100x faster than the Ethereum network.
The main character is Pepe the Frog who is chained in a layer 1 room until Pepe Unchained happens and introduces layer 2 as a solution. Pepe Unchained aims to become a platform for other cryptocurrency projects to build on the layer 2 blockchain.
This is likely to foster a more interconnected ecosystem of coins.
You can also stake PEPU for high annual rewards, now over 800%. Over 180 million PEPU tokens have already been staked.
The project has well-defined coin economics; 20% for presale, 30% for participation rewards, 20% for marketing, 10% for liquidity provision, 10% for project development, and 10% for chain infrastructure.
Overall, this is one of the best meme coins to consider in the coming weeks.
DAWGZ Base
Base Dawgz ($DAWGZ) is another new meme coin on our list. This coin primarily runs on the Base blockchain network.
However, it also offers cross-chain functionality across other popular blockchains such as Ethereum, Solana, Binance Smart Chain, and Avalanche. +This cross-chain capability is facilitated by technologies such as Wormhole and Portal Bridge.
Similar to SHIBASHOOTT and PEPU, DAWGZ is also in the presale phase and has raised over $2.3 million. The price will increase as the presale moves into the next phases.
Investors can buy $DAWGZ tokens using various cryptocurrencies, including ETH, BNB, SOL, AVAX, USDT, and USDC, by connecting their wallet to the official Base Dawgz website.
The project encourages community engagement, offering rewards for social media activity and content creation, as well as offering a referral program to stimulate community growth.
Additionally, Base Dawgz includes features like staking on the Ethereum network. So, it’s another coin worth watching in July.
PLAY
Next up, we have PlayDoge (PLAY), one of the latest projects that combines memes and gaming. This meme coin is also currently on presale to the public at a discounted price.
PlayDoge is inspired by the popular Tamagotchi virtual pet game from the 1990s, but with a new twist: it features the iconic Doge character as its mascot.
Users play a retro-style game where they own a pet (similar to a Tamagotchi). They must interact with their pet, then earn experience points (XP) that help them climb the leaderboards and earn $PLAY tokens.
Unlike traditional video games, PlayDoge allows players to earn money from the time they spend playing. Players and non-players alike can earn rewards by playing or betting.
The total supply of PLAY is 9,400,000,000 tokens, 50% of which is reserved for the presale. The other half goes to liquidity, rewards, marketing, and project funds.
It is important to note about the PlayDoge staking feature that you can stake the token on both the BSC and Ethereum networks. However, the Etheruem network offers slightly higher annual rewards.
You can only buy DOGE through the official presale site at the moment, on both ETH and BSC networks as well as using a credit card.
Winner AI
Next on our list of the best altcoins to invest in right now is WienerAI. It is also in a pre-sale and has raised over $7 million so far. Like SHIBASHOOT, this coin runs on the Ethereum network only.
The token has been described as “part dog, part sausage, and part AI trading bot.”
However, the main feature of WienerAI is definitely its AI-powered trading bot. This bot is designed to identify investment opportunities in cryptocurrency trading.
WienerAI includes real-time MEV (mined extractable value) protection to prevent leading bots from exploiting users’ trades.
There is also a staking feature with annual rewards of over 150% at the time of publishing this article. Over 6 billion WAI tokens have already been staked.
The token will be launched on Uniswap and Dextools soon, so this is your last chance to buy WAI tokens at a discounted price during the presale.
99 Bitcoin (99BTC)
Next up, we have 99Bitcoins Token (99BTC); a new project launched by 99Bitcoins, a well-known cryptocurrency education platform. It is currently in its presale phase and has raised over $2.3 million so far.
The basic concept behind 99BTC is the “learn to earn” model.
Users can earn 99BTC by participating in educational activities on the platform. These activities can be completing courses, taking quizzes, and interacting with crypto-related content. Users will also receive 99BTC tokens as rewards for educational activities.
The team plans to list 99BTC on both decentralized and centralized exchanges after the presale. You can buy this token at a discounted price on both Ethereum and BSC networks and via credit card as well.
Alfium (ALPH)
The last place on our list of the best altcoins to buy right now in July is Alephium. It addresses the limitations of current blockchain technologies while providing scalable and secure solutions for decentralized applications.
Alephium uses a new partitioning algorithm called BlockFlow, which divides data into smaller subsets called shards. This allows for parallel processing of transactions. Alephium claims to achieve up to 10,000 transactions per second (TPS), which is much higher than Bitcoin’s 7 TPS.
Alephium uses an Unspent Transaction Output (UTXO) model, similar to Bitcoin. This model ensures secure and efficient token transfers without the need for additional approval transactions.
Furthermore, Alephium introduces Proof of Less Work (POLW), an innovative mechanism that dynamically adjusts the work required to mine new blocks based on network conditions.
With its market cap now below $100 million following this month’s crypto price plunge, ALPH could be well positioned to generate gains for its new holders in the second half of 2024.
Conclusion – What is the most popular cryptocurrency to buy now?
In short, cryptocurrency prices may be struggling right now, but that doesn’t mean it’s time to give up. In fact, this drop could be a perfect opportunity to pick up some promising altcoins at a discounted price.
As we move into the second half of 2024, it will be interesting to see which of these altcoins will make the biggest gains. Who knows? The next big success story in the crypto world could be on this list.
*Cryptonomist did not write the article or test the platform.