Top 13 Trending Crypto Tokens: Your Guide to the Hottest Picks in 2024
The current year (2024) has started strong with the approval of Bitcoin Spot ETFs in January, leading to a price rally for Bitcoin and the entire crypto market as sentiment shifted positive. Then, following the fourth Bitcoin halving in April 2024, Bitcoin’s price broke records with a new all-time high of over $73,800, further cementing crypto enthusiasts’ belief in a strong bull run.
The market’s confidence was further bolstered when Ethereum Spot ETFs were approved earlier than expected on May 23, 2024. This significant milestone achievement has led many experts to deduce that a bull run is imminent.
Many crypto projects, such as Ordinals and Runes, have been spurred by overall market positivity and Bitcoin’s innovations. They’ve popped up one after another, with many meme coins enjoying a spurt of popularity, in particular, Solana-based meme coins.
Curious to learn more about these top trending altcoins and explore the potential yields they offer? Read on!
Key Takeaways:
The 2024 Bitcoin bull run and Ethereum Spot ETF approvals have driven the emergence of many exciting altcoin projects, leading to a diverse range of trending tokens that cater to different niches.
Some noteworthy projects include meme tokens, such as TURBO and MEW; tap-to-earn tokens, such as PIXFI and NOT; and blockchain infrastructure tokens, including ZRO and AVAIL.
1. LayerZero (ZRO)
LayerZero is a modular cross-chain interoperability protocol that enables blockchains to communicate seamlessly without bridges or third-party providers through immutable smart contracts. To facilitate the native transfer and storage of tokens across different blockchains, LayerZero has also launched various token standards, such as the OFT (Omnichain Fungible Token) standard and ONFTs (Omnichain Non-Fungible Tokens).
ZRO, the native token of LayerZero, is used to power its ecosystem. The token has been pumping lately, from a low of $3.78 on Jul 19, 2024 to an ATH of $5.53 on Jul 22, 2024. You can buy this top trending crypto token on Bybit as a USDT or USDC Spot pair or as the ZROUSDT Perpetual contract. ZRO is also available to invest with Bybit Earn Dual Asset, an investment product that allows you to capitalize on a crypto asset’s price movements by predicting its market direction within a specific time frame.
2. Toncoin (TON)
Toncoin (TON) is the native coin of The Open Network (TON), which Telegram founded in 2018. Its proof of stake (PoS) Layer 1 network became fully decentralized in 2021 after Telegram ceased working on the project.
TON has been enjoying a series of highs since early 2024, with the recent proliferation of Telegram-based tap-to-earn crypto games such as Notcoin, Hamster Kombat and TapSwap. Its recent innovative developments, including the integration of the USDT stablecoin on Telegram and the ability to accept crypto payments on Telegram, have expanded its use cases and further bolstered its popularity.
TON achieved its ATH of $8.25 on Jun 15, 2024, reflecting an increase of over 300% from its February 2024 average of $2. TON ranks in the top ten among all cryptocurrencies, with a current market capitalization of $17.25 billion (as of Jul 23, 2024), making it undoubtedly one of the best cryptos to buy right now. TON is currently trading at $6.85 and can be bought on Bybit as a USDT or EUR Spot pair and as a Perpetual contract.
Till Aug 2, 2024, TON is one of the top trending cryptos in Bybit’s Hot Coin Extravaganza, where you can get your hands on a TON airdrop worth up to $10,000!
3. Pepe (PEPE)
Pepe (PEPE) is an Ethereum-based meme coin that pays homage to Matt Furie, the creator of the “Pepe the Frog” meme. Its leveraging contributed immensely to the coin’s popularity, as it crossed the $1 billion mark in market cap within just three weeks of its launch in April 2023.
Pepe’s no-tax policy continues to give it an edge over other Ethereum-based meme coin competitors. This perk incentivizes users to trade and transact more, since there’s no gas fee attached (which can significantly raise transaction prices, due to Ethereum’s high gas fees).
PEPE’s most recent ATH was recorded just two months ago on May 27, 2024, at $0.0000172. While PEPE’s price may have dropped during the market retracement in early July, it’s since recovered — and may continue to rise and even flip its previous ATH to reach a new ATH if it breaks its resistance level at $0.000012 (Jul 22, 2024). PEPE can be bought on Bybit as a Spot pair and Perpetual contract. It’s also one of the trending altcoins in Bybit’s Hot Coin Extragravanza.
4. PeiPei (PEIPEI)
PeiPei (PEIPEI) is yet another frog-themed meme coin on the Ethereum chain. It was inspired by Matt Furie’s Pepe the Frog, albeit with an Eastern cultural twist symbolized by the red frog’s straw hat. Just as with PEPE, PEIPEI features zero taxes for its users. PEIPEI has been hitting new ATHs since its launch on Jun 7, 2024, with its most recent one recorded just two days ago at $0.00000039 on Jul 19, 2024.
As a new entry to the market, PEIPEI’s current market cap is still relatively modest at $140.7 million. However, this is set to propel to new heights, especially after a huge backing by the Bitcoin OG investor, Davinci Jeremie, who declared himself the official ambassador of PEIPEI on Jul 17, 2024, stressing its potential to surpass the $1 billion market cap.
PEIPEI has a current price of $0.0000003, and can be bought on Bybit as a USDT Perpetual contract. Until the end of Jul 29, 2024, you can also earn up to a 2,000 USDT trading bonus by participating in various PEIPEI events on Bybit.
5. Avail (AVAIL)
AVAIL is the native token driving the economy of Avail, a modular web3 infrastructure that aims to unify web3 ecosystems. Avail’s unification layer comprises three individual layers: a data availability base layer to aid blockchains in boosting their scalability and security, a Nexus layer for cross-chain interaction and a fusion security layer to integrate non-native tokens to the base chain with enhanced security for rollups built on Avail. AVAIL is used for staking in the various layers and for governance.
The AVAIL tokens launched on Jul 23, 2024, and is already listed on Bybit as a USDT Spot pair and a USDT Perpetual contract. To celebrate the AVAIL Spot listing, from Jul 22 to Aug 5, 2024, Bybit is holding three events with a total prize pool of 2,000,000 AVAIL up for grabs.
6. Pixelverse (PIXFI)
PIXFI is the native token driving the economy of Pixelverse, a cyberpunk-themed video gaming platform integrated with the TON blockchain. Its flagship game, PixelTap, is a tap-to-earn on Telegram. Additionally, Pixelverse offers a web-based platform and game where players can create their own non-fungible token (NFT) bots and participate in large-scale PvE battles.
PIXFI features a deflationary mechanism, which adds to its value. It was released on Jul 18, 2024, at $0.023485, and attained an ATH of $0.09768 the next day, reflecting an increase of over 315% within a single day. While PIXFI’s price may have momentarily slipped down to a current rate of $0.042, the project shows promise for the long term, given its partnerships with popular meme tokens DOGE and MEW.
PIXFI can be traded on Bybit’s Spot Adventure Zone, and till Jul 31, 2024 you can grab a share of the 400,000 USDT prize poolby trading PIXFI.
7. cat in a dogs world (MEW)
MEW is one of the top meme tokens experiencing a solid rally, with its recent pump of over 92% in just three days from $0.0039 (Jul 19, 2024) to $0.0075 (Jul 22). Cat in a dogs world (MEW) is a cat-themed meme coin built on the Solana (SOL) blockchain, with unique tokenomics that help cushion its price against market volatility. Of its maximum supply of 88,888,888,888 tokens, 90% were burned as liquidity provider (LP) tokens, and the other 10% were distributed to the Solana community in an airdrop.
Pixelverse has also announced the addition of MEW as a playable character to its Telegram mini-games on Jul 3, 2024, making it the first Solana-based meme coin to be featured on the TON blockchain. This positive news definitely makes MEW the best crypto to buy right now — because when the character gets released in Pixelverse’s games, the MEW token’s price is likely to jump to greater heights.
MEW currently ranks fourth among the top Solana meme coins, priced at $0.0076 with a market cap of $675.47 million. You can buy MEW on Bybit as the MEW/USDT Spot pair or MEWUSDT Perpetual contract.
8. Turbo (TURBO)
Turbo (TURBO) sets a precedent as the first AI-generated meme coin created by ChatGPT-4. It’s an ERC-20 token with a total supply of 69 billion. While it was released around the same time as PEPE in 2023, TURBO didn’t experience the same level of fanfare, and slowly grew by word of mouth. It eventually gained traction when NFT artists Pak and Beeple discovered it and shared it with their audiences, leading to its meteoric rise in May 2024.
Its rally from late May 2024 culminated in an ATH of $0.0097 on May 28, an increase of over 3,000% from its initial price of $0.0003 just over a year ago. Its price then cascaded downward over the next two months, particularly with the market retracement in early July.
However, its price shot up by 79% in the space of three days, from Jul 19–22, 2024, to reach $0.0077. This impressive price gain within such a short span indicates that a new ATH is soon to come for this top-trending cryptocurrency.
You can trade TURBO as a USDT Perpetual contract on Bybit or on Bybit Web3 Swap via Ethereum (ETH/TURBO). Bybit Web3 Swap is a decentralized token-swapping platform that allows users to exchange over 2,000 tokens across eight major chains, including Polygon, Arbitrum, BNB Chain and Avalanche.
9. zkLink (ZKL)
zkLink is a multichain Layer 3 rollup infrastructure that facilitates the interaction of Layer 1 and Layer 2 networks. It also uses zero-knowledge proofs to create a secure decentralized app (DApp) environment with low costs and high throughput. Together with its modular stack, DApps can be scaled seamlessly within the zkLink ecosystem.
zkLink offers two main products: zkLink Nova (an EVM-compatible, aggregated Layer 3 rollup designed to unify ETH Layer 2s) and zkLink X (an aggregated rollup middleware engine for building high-performance customizable DApps).
ZKL, zkLink’s native token, is imbued with utility and governance purposes and has a total supply of 1 billion. It was just launched on Jul 22, 2024, making it one of the best cryptos to buy right now before it starts its bullish ascent.
ZKL can be bought on Bybit as the ZKL/USDT Spot pair, and till Jul 29, ZKL can be staked on Bybit Launchpool for a share of 7,000,000 ZKL tokens.
10. Slerf (SLERF)
Slerf (SLERF) is another Solana meme coin that’s rapidly shot up to become one of the leaders in the space, and now sits firmly in tenth place. It experienced a controversial release in March 2024, when its developer claimed to have accidentally burned $10 million in SLERF tokens meant for pre-sale buyers. And yet, this incident propelled it to the top, as its community saw this admission as a demonstration of accountability.
Almost immediately after its launch, SLERF’s market cap mushroomed to an ATH of $750 million. Thanks to the announcement that it will be listed on the OKX exchange, SLERF experienced a spike from $0.22 to $0.308 on Jul 23, 2024. This positive news has fueled bullish sentiment for the SLERF meme token, with expectations of it being listed on more Tier 1 exchanges. You can buy SLERF as the SLERFUSDT Perpetual contract on Bybit.
11. Solana (SOL)
You can’t have Solana meme coins leading the crypto wave without the Solana blockchain itself. Solana has never been brighter, thanks to the recent meme coin frenzy that’s charged its rally from the start of 2024. Bonk (BONK) was the project that led to a turnaround for Solana, which was in turbulent waters during the crypto crash in 2022 due to its affiliation with FTX, the main culprit contributing to the crash.
SOL has been enjoying a significant price surge of over 40% recently, increasing from $122.65 on Jul 5 to $177.74 on Jul 22, 2024. As it’s still some distance away from its ATH of $259.96 (achieved on Nov 6, 2021), SOL could possibly be among the best cryptos to buy right now. SOL can be bought on Bybit as a Spot pair or Perpetual contract.
12. Notcoin (NOT)
Notcoin (NOT) is the gaming token in the viral Telegram tap-to-earn game, Notcoin. It was the first clicker game on Telegram, and pioneered the rise of all clicker games. Notcoin was released in January 2024 and achieved a total of 6.3 million users entirely via word-of-mouth advertising within just 10 days of its release, due to its simple and addictive gameplay.
NOT was initially an in-game currency in the clicker game. When it was minted on the TON blockchain, millions of players could convert their in-game coins to NOT, which could then be traded. This led to an explosion in its popularity, with NOT soaring to its ATH of $0.028 just two weeks after its token launch on May 16, 2024 at a low of $0.0075. NOT has since achieved a market cap of over $1 billion, and currently trades at $0.014.
NOT can be bought on Bybit as the NOT/USDT Spot pair and NOT/USDT Perpetual contract, and till Aug 2, 2024, the token can be won as an airdrop on Bybit’s Hot Coin Extravaganza.
13. Fetch.ai (FET)
Fetch.ai’s AI network aims to develop an AI-enabled decentralized digital economy through its customizable AI agents, which help solve targeted problems for users who communicate with them via DeltaV, a search-based AI chatbox similar to ChatGPT. FET, Fetch.ai's native utility token, is used to pay for Fetch.ai services and network transaction fees. It can also be staked on the Fetch.ai mainnet to help secure the platform’s PoS network.
FET has recently been rebranded as part of the Artificial Superintelligence Alliance, with the unification of Fetch.ai (FET), the Ocean protocol (OCEAN) and SingularityNET (AGIX) merged into one token. The Fetch.ai mainnet’s upgrade will automatically convert all FET tokens to ASI. While the announcement of the merging of the three tokens have caused some price fluctuations, many crypto enthusiasts remain bullish, with analysts predicting a price surge as Phase 2 of the rebranding commences.
While FET had suffered during the market retrace in mid July, upon market recovery, FET rose by 38.7% over the weekend. FET is currently priced at $1.28. Based on its long-term price's positive outlook, FET could be one of the best cryptos to buy right now. You can buy FET on Bybit as the FET/USDT Spot pair.
Till Aug 2, 2024, you can also grab a share of FET from the 80,000 FET prize pool on Bybit — in not one, but two Token Splash events! The first, Deposit to Earn, is offering a 60,000 FET prize pool, while the second, Trade to Earn, has 20,000 FET up for grabs.
The Bottom Line
Thus far in 2024, the crypto market has witnessed notable milestones, such as the fourth Bitcoin halving and the approval of Bitcoin and Ethereum Spot ETFs, fueling an overall bullish trend that’s propelled numerous altcoins. Meme coins, blockchain protocols and tap-to-earn platforms have been particularly prominent, showcasing the diverse range of trending crypto projects rapidly emerging in the crypto space.
Disclaimer: All trading carries risk. Only risk capital you can afford to lose.
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