Are you a cryptocurrency holder or trader in the unregulated crypto market? Are you interested in investing in cryptocurrencies and looking for the major tokens to buy and stake in 2024? Here’s a guide to help you decide which tokens to consider.
Shiba Inu
– Current Price: US$0.00001658
– Overview: Shiba Inu (SHIB) is an Ethereum-based altcoin featuring the Shiba dog breed as its symbol. Known as the “Dogecoin killer,” it competes with Dogecoin.
– History: Launched in August 2020 by an anonymous entity called ‘Ryoshi,’ its price peaked on October 29, 2021, with a market cap of US$41 billion.
– Community: Supported by a large, passionate community called the SHIBArmy, with nearly 500k members on Reddit.
– Potential: Shiba Inu aims to address scalability and fee issues with Shibarium and supports DApps and Web 3 growth. It’s a strong contender for top tokens to buy and hold.
Pepe
– Current Price: US$0.00001062
– Overview: Pepe is a meme coin launched in 2023, featuring the internet meme character Pepe the Frog. Developed on the Ethereum platform by Zachary Testa.
– Growth: Quickly became one of the top 100 coins globally and the 6th among meme coins. Its market cap reached US$581 million within 15 days.
– Community: Known for its strong connection to and influence on its target groups.
– Potential: With a supply of 420 trillion tokens, Pepe is seen as a top token to buy and hold due to its meme culture and community ethos.
Chainlink
– Current Price: US$13.10
– Overview: Chainlink (LINK) is a decentralized network of oracles providing real data to blockchain smart contracts, solving the ‘oracle problem.’
– Functionality: Runs on Ethereum using the ERC-677 standard. Node operators supply accurate data and are rewarded with LINK tokens.
– Use Cases: Supports DeFi, insurance, gaming, and offers off-chain data feeds.
– Potential: Chainlink’s secure data delivery and broad applications make it a strong choice for top tokens to buy and hold in 2024.
Floki
– Current Price: US$0.0001544
– Overview: Floki is a meme-based cryptocurrency inspired by Elon Musk’s Shiba Inu dog, expanding into various Web3 industries.
– Technology: Uses Ethereum and Binance Smart Chain via ERC-20 & BEP-20 tokens.
– Philosophy: Focuses on status, utility, and charitable aspects. Known as “People’s Crypto,” it spans DeFi, NFTs, and the Metaverse.
– Potential: With a large token supply and integration in Web3 activities, Floki is another top token to consider.
Uniswap
– Current Price: US$9.02
– Overview: Uniswap is a decentralized exchange (DEX) on the Ethereum platform, enabling direct ERC-20 token trading without intermediaries.
– History: Launched in 2018 by Hayden Adams, it introduced Automated Market Makers (AMMs) for liquidity.
– Community: Governed by UNI token holders and delegates, ensuring decentralization.
– Impact: Facilitated over US$1.8 trillion in trading volume with 350 million swaps.
– Potential: As a leading DeFi platform, Uniswap remains crucial for DeFi development and is a top token to buy and hold.
Conclusion
In the competitive cryptocurrency market, 2024 offers promising opportunities for both new and experienced investors. Shiba Inu, Chainlink, Uniswap, and other tokens mentioned have strong communities and clear use cases, making them worthwhile additions to your portfolio. These tokens are solving unique problems and have loyal supporters, positioning them as top choices to buy and hold.
