8 Cryptocurrencies to turn $100 into $1,000 in Q4 2024

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In this review, we will examine the top cryptos to turn $100 into $1,000! With 10x gains happening all the time in the crypto markets, we thought it would be a good idea to highlight some crypto coins that could conceivably be 10x opportunities that will allow traders to turn $100 into $1000 in 2024.

We’ve covered some high-risk, high-reward coins, as well as featured some well-established blue chip coins for those that are more risk-averse. 

Best Cryptos to Turn $100 into $1,000

  1. Pepe Unchained (PEPU)  Best Crypto for potential 10X with lower gas fees and huge staking rewards.
  2. CatSlap – Latest cat-themed meme coin with 40% staking APY and great community support.
  3. Crypto-All-Stars (STARS)  —  Innovative meme coin platform with 3X staking rewards.
  4. Flockerz ($FLOCK) – Hot new coin project with great staking potential and community appeal.
  5. Best Wallet Token (BEST) – Native coin of a top cryptocurrency wallet offers discounts on transaction fees.
  6. Sponge V2 ($SPONGE) – Renewed version of the much-loved Sponge coin with great utility and heaps of potential.
  7. FreeDum Fighters (DUM) – Meme coin based on the U.S. presidential election.
  8. Cardano (ADA)  — A secure, sustainable blockchain supporting decentralized applications.
  9. Polkadot (DOT)  — A multi-chain platform enabling blockchain interoperability.
  10. Ripple (XRP)  —  Leading cryptocurrency building a global payment network in partnership with major financial institutions.
  11. NEAR Protocol Layer 1 network leading in AI development and advanced scalability.
  12. Render Decentralized GPU-based rendering network for graphics and digital content.
  13. Chainlink The top decentralized oracle, connecting real-world data to blockchains.
  14. Sui A fast, scalable blockchain optimized for DeFi and gaming applications.

Cryptocurrencies to 10x: Summary

The article highlights eight cryptocurrencies with high growth potential in Q4 2024, focusing on projects that could deliver substantial returns. These cryptocurrencies range from meme coins to blue-chip assets, each offering unique opportunities for investors.

Key Points

  • Nine Promising Cryptocurrencies for Q4 2024
  • Focus on high-risk, high-reward opportunities and blue-chip picks
  • Emphasis on market trends like presales, meme coins, and established projects
  • These are projects that have the potential to 10x their value, meaning a $100 investment could be worth $1000 if the market sees a bullish run.

Cryptocurrencies To Turn $100 into $1,000 in Q4 2024: Reviewed

As we enter the final quarter of 2024, many investors are eyeing cryptocurrencies with the potential to deliver explosive returns. The following projects have been reviewed for their potential to turn modest investments into significant gains. Below, we highlight some of the most promising options for those looking to maximize their crypto portfolios this quarter.

1. Pepe Unchained — Top Pick For 10X Gains

Pepe Unchained has captured the imagination of meme coin enthusiasts, offering a fun, community-driven project with high potential for viral growth. While speculative, its active community and strong presale performance indicate it could be a top contender in the meme coin space this quarter.

Pepe Unchained offers lower gas fees for $PEPU token holders and promises substantial staking rewards. As a leading platform for earning passive income, it provides an impressive Annual Percentage Yield (APY) of up to 231%, with over 690 million tokens already staked. 

Pepe Unchained could turn a $100 buy into $1000
Source: Pepe Unchained Homepage

These features contributed to the success of its presale campaign, raising more than $8.4 million in just a few months. Out of the total 8 billion token supply, 1.6 billion tokens were made available during the presale.

The strong performance of Pepe Unchained’s presale is drawing parallels with one of the most successful ICOs of recent crypto history – the EOS presale, which registered gains of over $4 billion. If you jump in now, you too could be in with the chance to gain 10x with this top meme coin.

Act quick – the current Pepe Unchained presale ends December 13! 

Visit Pepe Unchained

Key Features:

  • Launched in April 2023, PEPE quickly gained popularity in the meme coin space, reaching a $1 billion market cap within just three weeks.
  • Based on the Pepe the Frog internet meme, PEPE operates on the Ethereum blockchain.
  • Despite its price surges, PEPE lacks intrinsic value, so buyers should not expect financial returns.
  • PEPE’s future is uncertain due to security concerns, including an incident involving an internal multi-signature wallet and a former team member.
  • While the project faces challenges, PEPE still has an active community. However, investors should be cautious of scams and rely on verified sources for information.

Pros and Cons
Pros

  • Meme Culture: PEPE leverages one of the internet’s most iconic memes, giving it a unique advantage in the crowded meme coin space. Its nostalgic appeal as a meme heavyweight sets it apart.
  • Community Strength: The PEPE community is vibrant and vocal, thriving on social media and meme-sharing. It fosters a strong sense of belonging among meme coin enthusiasts.
  • Speculative Potential: Like many crypto meme coins, PEPE’s value can 10x dramatically in a short period. With the right timing, investors could potentially capitalize on huge price pumps.

Cons

  • High Volatility: PEPE is highly volatile, with price swings driven by social media buzz. It’s a risky investment for those seeking stability.
  • Hype-Dependent: PEPE’s value relies heavily on ongoing community engagement and social media attention. If the hype fades, its value could drop just as quickly as it rose.
  • No Utility: PEPE lacks any real-world utility or technological innovation. It’s purely a meme coin with no long-term project goals.

Visit Pepe Unchained

Be sure to check out Jacob’s take on Pepe Unchained and its price potential below:

2. CatSlap — Hot New Cat-Themed Entry with Several Use Cases & a Solid Prospective APY

CatSlap is the innovative cat-themed meme coin that has very recently burst onto the crypto scene. Combining the playfulness of a cat-slapping game feature with strong utility cases and the potential for further growth, this new token is definitely one to watch out for. Though pretty volatile at the time of writing, a strong initial interest and the token’s versatility hint at possible spectacular gains in the near future.

Thanks to a strategic alliance with Best Wallet, $SLAP allows holders to make use of the crypto wallet and exchange’s security features. Investors will also be able to leverage the ‘Upcoming Tokens’ function and benefit from access to presales. That said, CatSlap’s own fair launch means that no crypto veteran has been able to gain an unfair advantage due to a private sale. CatSlap can earn its holders an APY of 40% in staking rewards.

CatSlap Token presale homepage - token with potential of 10x gains

10% of the 9 billion tokens are dedicated to community rewards. Despite the token’s recent dip in value due to the Bitcoin’s reset, early investors are still enjoying a profit of 2,041% .

Those in the know are already drawing comparisons between this token and other feline-themed coins, such as PopCat, MOG and MEW. One example is Jake, whose verdict on CatSlap and the promise it holds is definitely worth taking note of:- 

Visit CatSlap

Key Features:

  • Launched in November 2024, $SLAP immediately appeared on crypto enthusiasts’ radar, registering a price increase of 1,800% in just  24 hours.
  • Capitalizing on felines’ general meme viral potential, $SLAP centers around a cat slapping game, encouraging community engagement.
  • Its collaboration with the still-developing, hugely successful Best Wallet means that CatSlap has many more use cases than you’d normally expect from a meme token.
  • The meme coin’s future looks interesting, as the project teases possible airdrops and further use cases for the crypto.
  • It’s early days yet, so holders should seek to spread their investments cautiously and wisely around the token’s dips and surges. 

Pros and Cons
Pros

  • Meme Culture: SLAP uses an entertaining cat-slapping meme, already a staple on social media platforms, setting it apart from other cat-themed meme coins. 
  • Use Case: As a result of its timely collaboration with Best Wallet, SLAP permits holders to enjoy great security features, gain access to presale projects and earn 40% staking rewards.
  • Added Future Utility: The project is hinting at a possible play-to-earn status for the crypto in the near future.
  • Community Strength: The addictive cat-slapping game feature allows users to participate in competitions with fellow crypto enthusiasts around the world, enhancing the token’s community spirit.
  • Speculative Potential: SLAP could register huge gains if interest in it remains solid. 

Cons

  • High Volatility: As a new coin, SLAP is subject to the same highs and lows as other meme coins. Its price could therefore alternately explode and plunge, and will probably be greatly subject to hype and media buzz, or lack thereof. It is certainly not a sure investment.
  • Lack of Certainty Around Use Cases: While the project intends to invest strongly in the token, some of its proposed features, such as the play-to-earn element, have simply been hinted at, with no guarantees that they’ll be integrated.

Visit CatSlap

3. Crypto All-Stars – Access to Notable Meme Coins and Great Staking Rewards

Crypto All-Stars is a new entrant in the meme coin world, blending nostalgia for crypto’s earlier days with a fresh twist. With a strong community push and a well-structured presale, Crypto All-Stars aims to become a meme token powerhouse.

All staking rewards will be distributed in $STARS, the native token of the platform. Existing $STARS holders can earn up to three times the standard APY offered on the MemeVault. 

Additionally, $STARS can be staked directly to generate an annual yield of up to 5.466%, with over 136 million tokens already staked. The Crypto All-Stars presale has raised over $336,000 in just a few days.

Crypto All-Stars presale
Source: Crypto All-Stars

Pro Tip: Check out our full guide: How to Buy Crypto All-Stars ($STARS) – A Simple Guide 

Key Features:

  • MemeVault: Crypto All-Stars introduces the “MemeVault,” a unique feature allowing investors to stake established meme coins and earn substantial rewards in $STARS. Holders of $STARS tokens benefit from a 3x multiplier on their staking rewards, enabling them to significantly amplify their gains.
  • Supported Meme Coins: Initially, the MemeVault supports 11 popular meme coins, including Pepe, Dogecoin, Shiba Inu, Brett, and Mog Coin, across different ecosystems. As the project grows, more meme coins may be added, appealing to various meme coin communities and potentially boosting Crypto All-Stars’ price.
  • Presale Event: Crypto All-Stars has successfully raised over $2.59 million through its presale event. The token price increases every few days, with current presale investors paying $0.0015188 per $STARS. Payments are accepted in ETH, USDT, and BNB, with no whitelisting or minimums required. Credit card purchases are also available but require KYC verification.
  • Exchange Listings: Once the presale concludes, $STARS tokens will be listed on decentralized exchanges like UniSwap or SushiSwap, followed by listings on centralized exchanges. The exact platforms and listing prices are yet to be confirmed, so investors are encouraged to follow Crypto All-Stars on social media for updates.

Pros and Cons

Pros

  • Utility: Unlike most meme coins, this project offers actual utility.
  • Security Audits: The coin has undergone multiple smart contract security audits by Tier 2 and Tier 3 firms, including Coinsult and SolidProof.
  • Strong PR: The project has demonstrated good public relations performance.
  • Influencer Marketing: It benefits from a powerful influencer marketing strategy.
  • SEO Performance: Its search engine optimization efforts are above average.
  • Clear Roadmap: The team has presented a clear and transparent roadmap for the project’s development.

Cons

  • Anonymous Team: The development team remains unidentified, raising transparency concerns and potentially affecting investor confidence.
  • No Public Vesting Schedule: The lack of a clear vesting schedule adds uncertainty regarding token distribution and long-term commitment.
  • No Partners or Fund Support: The project lacks backing from established partners or crypto funds, limiting its credibility and growth potential.
  • High Fully Diluted Valuation (FDV): With an FDV of $60.18M, the project might be overvalued compared to its stage and potential.

Get in on the action – the Crypto All-Stars presale ends the weekend before Christmas!

Visit Crypto All-Stars

4. Flockerz – Highly-Touted New Meme Coin With Top Prospective Rewards and Strong Community Clout

Flockerz ($FLOCK) is a meme token with strong potential for 10x gains. Its Vote-to-Earn (V2E) model is quickly gathering traction as investors move towards cryptos that allow participation in governance decisions. This modality enables them to collect rewards for their votes.

Flockerz memecoin
Source: Flockerz

Flockerz lives up to its name by opening the token up to broader community participation, all the while drawing holders with an APY of more than 2,900% and its substantial staking rewards. So far, the project has registered gains of over $600,000 in its presale.

Of course, like other meme coins, Flockerz depends a great deal on the generation of hype in order to generate investor interest, but it’s certainly off to a promising start.

Flockerz Key Features

  • Strong Presale Results: With a solid result of over $600,000 registered in its presale, Flockerz’s ability to generate 10x gains looks encouraging.
  • Community Participation: Token holders can vote on crucial project decisions and collect rewards.
  • Great Staking Potential: A potential APY of up to 2,959% APY acts as a powerful draw for holders.
  • Top Security Checks: Thanks to controls by security firms such as Coinsult and SolidProof, buyers can proceed with their investment safe in the knowledge that their funds and privacy are guaranteed.
  • Community-Centered DAO: Holders can participate in the direction of the project, contributing to its governance.

Flockerz Pros and Cons

Pros

  • Low presale entry price provides opportunities for substantial returns.
  • Achieved immediate success in its presale phase, gaining notable interest from the crypto community.
  • Enables community members to actively participate in decision-making through the Vote-to-Earn model.
  • Features audited smart contracts, ensuring platform security and reliability.

Cons

  • As a new project still in presale, it has yet to prove its full worth.
  • Like most meme tokens, it experiences significant volatility, posing investment risks.
  • Remains a speculative investment, with its success heavily reliant on community growth and participation.
  • The staking APY may decline over time once more investors join the staking pool.

Visit Flockerz

5. Best Wallet Token – Hot New Crypto With Top Staking Potential and Reduced Fees

Best Wallet Token ($BEST) is a community-driven cryptocurrency that combines cutting-edge features with the potential for high staking rewards. During its presale phase, the project has already raised over $200,000, showcasing strong momentum and growing investor interest.

Best Wallet token volatile crypto

As a Web3 wallet token with governance capabilities, $BEST presents a compelling investment opportunity. With a circulating supply of 2.5 billion tokens and a current APY of 4,500%, it offers a lucrative entry point for early investors. However, as more participants join the staking pool, the APY is expected to decrease over time.

On the downside, the token’s status as a new project with multiple features introduces a degree of volatility, which investors should carefully consider.

Best Wallet Token Key Features

  • Community Benefits: Holders gain access to exclusive presales, reduced transaction fees, and rewards through partnerships with iGaming platforms.
  • Advanced Technology: Features include multifactor authentication, cross-chain compatibility, and robust security measures.
  • Protection Against Scams: Buyers are safeguarded from fraudulent sales and enjoy early access to upcoming presales.
  • Presale Success: $BEST has already generated over $200,000 in its presale within just a few days of launch.
  • Web3 Innovation: The project leverages advanced Web3 technology, ensuring a secure and cutting-edge user experience.

Best Wallet Token Pros and Cons

Pros

  • Strong community backing, providing access to multiple exclusive benefits.
  • Exceptionally high staking rewards, appealing to investors seeking passive income.
  • Impressive early presale results, reflecting significant market anticipation.
  • Enhanced security through integrated Web3 technology.
  • Affordable presale pricing, offering considerable potential for exponential returns.

Cons

  • High volatility due to the project’s newness and ambitious features.
  • Still in the presale phase, with several functionalities yet to be fully implemented.
  • APY is expected to decline as more investors join the staking pool.
  • Highly speculative, with future growth dependent on community adoption and ongoing hype.

Visit Best Wallet Token

6. Sponge V2 – New and Improved Version of Popular Meme Coin with High Utility

Sponge V2 Token ($SPONGEV2) is a versatile meme coin which has capitalized on the Sponge coin’s popularity. SPONGEV2 has made the leap to the status of decentralized token, while also benefiting from its play-to-earn quality. Since its migration to the Polygon network, users can look forward to increased security, as well as transparency and community engagement.  

Sponge V2: no. 5 best penny crypto

Sponge V2 makes great use of its Polygon network by presenting holders with speedy transactions and extremely low fees. It can also process a substantial amount of transactions effortlessly. What’s more, users can both trade and transfer $SPONGE safe in the knowledge that this doesn’t come with high gas fees.

Sponge V2 has a reported circulating supply of 40 billion tokens and an APY that presently stands at 189% over 4 years. At the time of writing, its price is a very doable $0.000015. The price has recently fallen somewhat, but its most recent presale has raised a very satisfactory sum of over $300k.

While $SPONGEV2 comes with very definite advantages, it could very well be subject to highs and lows related to virality and media buzz, like all other meme coins.

Sponge V2 Key Features

  • Community Benefits: Participation in governance based on user feedback, low transaction fees, and rewards via the token’s play-to-earn status.
  • Advanced Technology: Thanks to integration with the Polygon network, holders can enjoy improved speed in processing of transactions and increased security.
  • Staking options: Holders can use a stake-to-bridge mechanism.
  • Presale Success: $SPONGE V2 has registered gains of over $300,000 in its presale so far.

Sponge V2 Pros and Cons

Pros

  • Generous staking rewards.
  • Great community engagement, with a host of advantages for investors.
  • Heightened security features thanks to its Polygon network migration.
  • Reasonable presale price.
  • Holders can leverage its play-to-earn status.
  • Good presale results, promising a worthwhile investment.

Cons

  • The project is somewhat high-risk, as it is far from being an established crypto.
  • Investors should expect its value to fluctuate as it may suffer plunges in interest at some point.

Visit SpongeV2

7. FreeDum Fighters – Meme Coin Based on the U.S. Presidential Election

FreeDum Fighters ($DUM) is the next crypto with the potential for 10x gains. This meme coin parodying the recent U.S. presidential election has been one of the recent meme coin hits of the past couple of months. As a $DUM token holder, you can show your political allegiances by supporting either MAGATRON or Kamacop 9000. 

FreeDum Fighters presale

FreeDum Fighters has capitalized brilliantly on U.S. presidential elections fever, keeping the momentum going even after the event. This has netted it gains just falling short of $500,000 in its presale so far. With its high staking rewards and participatory spirit, it has been one of the top performers of the recent period.

At the time of writing, the KAMACOP 9000 staking APY is a stunning 25,000%, while the MAGATRON annual yield is a juicy 860%. Out of the total 270 billion token supply, 108 billion constitutes the circulating supply.

This fun token has a great deal of interesting features for the savvy investor. But don’t take our word for it; see what crypto expert Jake has to say about this entertaining meme coin:-

 

FreeDum Fighters Key Features

  • Excellent Presale Performance: Presale profits are fast approaching $500,000, attesting to the meme’s popularity and increasing the possibility of 10x gains.
  • Community-Centered DAO: Users gain involvement in the project’s organization, thanks to their voting rights.
  • Community Creation: FreeDum fighters maintains excitement by permitting holders to engage in weekly debates and win $DUM airdrop prizes.
  • Prospective Staking Gold: With APYs of 25,000% and 860% respectively, depending on whether you stand for Kamacop 9000 or MAGATRON, there’s a lot of potential juice for investors.

FreeDum Fighters Pros and Cons

Pros

  • Creates a sense of community via animated debates, further sweetening the deal by the possibility to earn rewards
  • Members also have actual governance contribution, as they can also vote on the project’s direction via the Vote-to-Earn function.
  • Attractive staking rewards centered around the political theme.
  • Robust presale success; created a sensation in the crypto community.
  •  Favorable presale price as well as potentially profitable gains.

Cons

  • Volatility aspect is unfortunately strong with this kind of token.
  • Project is somewhat time-sensitive, making long-term gains improbable.
  • High staking APY could soon reduce as more tokens join the pool.
  • Token may lose appeal as the political element becomes less present.

Visit FreeDum Fighters

Our Top Blue-Chip Picks For Turning $100 into $1,000

While speculative plays can offer explosive gains, blue-chip cryptocurrencies remain a safer bet for investors looking to balance their portfolios. Below are some of the most reputable cryptocurrencies that could deliver impressive returns as the market evolves in Q4 2024.

1. Cardano (ADA) — Building a Strong Foundation for Future Growth

ada-cardano icon ada-cardano icon Price Trading volume in 24h Last 7d price movement Buy Now! is a third-generation blockchain platform focused on creating a more secure and sustainable decentralized system. Built with a research-first approach, Cardano aims to provide a balanced ecosystem that can support decentralized applications, digital identity solutions, and asset tokenization.

With recent developments such as Hydra, a layer-two scaling solution, Cardano is taking strides to enhance network speed and efficiency. Cardano’s strong development activity, including its partnership with governments and research institutions, adds to its credibility as a long-term growth project. The ADA token could see substantial gains as the project continues to release updates and capture more of the smart contract market.

Pro Tip: Check out our guide on How to Buy Cardano and our Cardano price prediction for  2025-2030

  • cardano
  • Cardano
    (ADA)
  • Price
    $1.21
  • Market Cap
    $43.3 B

Key Features

  • Research-first approach with a focus on security and sustainability
  • Hydra layer-two scaling solution to enhance transaction speed
  • Partnerships with governments and institutions for blockchain adoption

Pros

  • Strong research-based approach to blockchain development, which could provide sustainable growth over time
  • High developer activity and ecosystem growth, making it a stable platform for innovation
  • Increasing adoption through partnerships in both private and public sectors

Cons

  • Slower development cycle compared to other blockchains due to its meticulous approach
  • Faces competition from Ethereum and other layer-one solutions in the smart contract space

2. Polkadot (DOT) — Enabling Cross-Chain Innovation

dot-polkadot icon dot-polkadot icon Price Trading volume in 24h Last 7d price movement Buy Now! is an innovative blockchain protocol designed to connect multiple blockchains within a single, interoperable ecosystem. Developed by Dr. Gavin Wood, a co-founder of Ethereum, Polkadot aims to foster a new era of blockchain interoperability, making it easier for networks to communicate and share data. Polkadot’s unique parachain architecture enables multiple specialized blockchains to operate on a single network, increasing scalability and efficiency.

The platform has recently seen notable growth with new parachain auctions and development in DeFi, NFTs, and cross-chain applications. As more projects adopt Polkadot’s parachain slots, the demand for DOT is expected to rise, potentially driving significant returns for investors.

Pro Tip: Check out Polkadot 2.0: The Future of DeFi or Just Another Hype?

  • polkadot
  • Polkadot
    (DOT)
  • Price
    $10.55
  • Market Cap
    $16.05 B

Key Features

  • Interoperable network of blockchains with shared security
  • Parachain architecture to enable scalability and efficiency
  • DeFi and cross-chain applications driving increased demand

Pros

    • Strong interoperability and cross-chain support, setting it apart from other layer-one solutions
    • Growing developer ecosystem and expanding use cases across various industries
    • Enhanced scalability due to parachain architecture, making it attractive for developers

Cons

  • High initial investment for projects to secure parachain slots
  • Faces competition from other interoperable solutions, like Cosmos and Avalanche

3. Ripple XRP SWIFT Payment Integration

xrp-xrp icon xrp-xrp icon Price Trading volume in 24h Last 7d price movement Buy Now! is a cryptocurrency that powers Ripple Labs’ real-time gross settlement system, currency exchange, and remittance network, known as RippleNet. Unlike Bitcoin or Ethereum, which are decentralized and primarily peer-to-peer, Ripple aims to facilitate fast, secure, and low-cost international transactions, especially for banks and financial institutions. RippleNet can handle both fiat and cryptocurrencies, allowing institutions to make transactions without needing pre-funded accounts in other currencies.

The conclusion of Ripple’s lawsuit, which resulted in XRP being classified as not a security, was a major win for the project. With regulatory clarity and growing partnerships, XRP is poised to benefit from increased utility, particularly in cross-border payments.

Pro Tip: Check out What is Ripple (XRP) and is It a Good Investment in 2024

Key Features

  • Designed for fast and low-cost cross-border payments
  • Strong partnerships with financial institutions
  • Regulatory clarity after the SEC lawsuit concluded XRP is not a security

Pros

  • Strong Financial Partnerships: Ripple, the organization behind XRP, has built partnerships with major financial institutions worldwide. These alliances help validate XRP’s use and adoption, making it more widely accepted within the mainstream financial sector.
  • Regulatory Clarity: Unlike many cryptocurrencies, XRP has received regulatory approval from authorities in various regions. This clarity gives investors greater confidence in XRP’s long-term potential, as it reduces some regulatory risks.
  • Speed and Scalability: XRP is renowned for its efficiency, capable of processing up to 1,500 transactions per second. Its quick transaction times and scalability make it an attractive choice for fast, cross-border payments.

Cons

  • Centralization Concerns: Unlike decentralized cryptocurrencies such as Bitcoin, XRP is controlled by Ripple Labs, which has raised concerns about its level of centralization and Ripple’s control over its development and use.
  • Legal Uncertainty: Ripple has faced legal challenges, notably from the U.S. Securities and Exchange Commission (SEC), questioning the legality of XRP sales. These unresolved legal issues introduce uncertainty, which has led some investors to hesitate.
  • Competitive Landscape: The cryptocurrency market is highly competitive, with many other coins vying for market share. XRP faces competition from Bitcoin, Ethereum, and other altcoins, which could affect its long-term growth and adoption.

4. NEAR Protocol

near-near-protocol icon near-near-protocol icon Price Trading volume in 24h Last 7d price movement Buy Now! is a decentralized application platform designed to make it easier and more accessible for developers to create decentralized apps (dApps) with high performance, scalability, and low transaction fees. It’s a layer-1 blockchain, like Ethereum or Solana, and uses a unique sharding technology called “Nightshade” to achieve high speeds and scalability without compromising security.

NEAR Protocol is positioned for growth due to its integration with AI-driven applications, offering scalable solutions for developers. This aligns well with market demand for blockchain platforms that can handle the increasing complexity of decentralized apps.

  • near
  • NEAR Protocol
    (NEAR)
  • Price
    $7.87
  • Market Cap
    $9.59 B

Key Features

  • High scalability with sharding technology
  • Developer-friendly, with a focus on user experience and low-cost transactions
  • Integration with AI applications, providing a solution for complex decentralized apps

Pros

  • High Transaction Speed: NEAR Protocol can process over 100,000 transactions per second (TPS), offering impressive speed and scalability for users and developers.
  • Minimal Transaction Costs: The platform boasts extremely low transaction fees, making it cost-effective for high-frequency users and developers.
  • Cross-Chain Compatibility: NEAR is interoperable with other blockchain networks, allowing seamless asset and data transfers across chains.

Cons

  • Limited Governance Participation: Only validators are eligible to vote on protocol updates, limiting broader community participation in governance.
  • Concerns Over Initial Token Allocation: There have been criticisms about the distribution of NEAR tokens at launch, with some expressing concerns over fairness.
  • Centralized Governance Structure: Decision-making within NEAR Protocol has raised concerns about centralization, as a select few have greater influence over network changes.

5. Render (RNDR)

rndr-render-token icon rndr-render-token icon Price Trading volume in 24h Last 7d price movement Buy Now! is a cryptocurrency and decentralized network focused on facilitating GPU-based rendering for digital content creators, artists, and developers.

The Render Network, powered by blockchain technology, connects users who need GPU computing power for rendering tasks (e.g., 3D graphics, animation, visual effects) with users who have idle GPUs. This creates a decentralized ecosystem for rendering, allowing people to contribute or rent computing power efficiently and cost-effectively.

You can learn more about Render and why we are bullish on it in our picks for the Top DePIN Projects in 2024

  • render-token
  • Render
    (RENDER)
  • Price
    $10.38
  • Market Cap
    $5.37 B

Key Features

  • Decentralized Rendering: Render connects users with idle GPUs to creators in need of rendering power. This decentralized approach helps lower costs and increase the speed of rendering processes.
  • RNDR Token Utility: The RNDR token is used as the currency of the Render Network. Creators pay for rendering services with RNDR, while GPU providers receive RNDR in exchange for contributing their resources.
  • Smart Contract Security: Render uses Ethereum-based smart contracts to facilitate transactions and enforce network rules. These contracts ensure fair payment and protect the work and data of contributors.
  • Focus on Creators and Digital Artists: The platform is particularly popular with digital artists, game developers, and designers who rely on high-quality graphics and visual effects but want to avoid high infrastructure costs.
  • Interoperability: Render Network works to maintain compatibility with various rendering software and cloud services, offering a range of options to users.

Pros

  • Cost-Efficient Rendering: By leveraging a decentralized network, Render allows creators to access GPU rendering power at a lower cost compared to traditional, centralized rendering services.
  • Increased Rendering Speed: Render’s distributed GPU network can handle intensive rendering tasks faster than many traditional solutions, saving time for artists and developers.
  • Income Opportunity for GPU Owners: Users with idle GPUs can earn RNDR tokens by providing their hardware for rendering tasks, creating a new source of passive income.
  • Support for Digital Creators: Render is especially beneficial for digital artists, game developers, and visual effects creators who need reliable and scalable computing power for high-quality visual work.
  • Interoperability and Flexibility: The network is designed to be compatible with a range of rendering software and cloud services, making it adaptable to different user needs.
  • Environmental Efficiency: Render uses existing idle GPU power rather than relying on new hardware infrastructure, which can help reduce energy waste and environmental impact.

Cons

  • Reliance on Ethereum Gas Fees: As Render Network operates on Ethereum, high Ethereum gas fees can impact transaction costs, especially during periods of network congestion.
  • Complexity for New Users: Setting up and using Render can be challenging for those unfamiliar with cryptocurrency, wallets, or decentralized systems, potentially limiting accessibility.
  • Potential Security Risks: While Ethereum smart contracts add security, there are still risks associated with data privacy, intellectual property, and fraud, which may concern some creators.
  • Volatility of RNDR Token: The RNDR token’s price is subject to cryptocurrency market fluctuations, which could impact the cost and stability of rendering services on the network.
  • Limited Control Over Rendering Quality: Since tasks are distributed among a network of different GPUs, there may be variability in rendering quality and performance that can be difficult to control.

6. Chainlink (LINK) — Decentralized Oracle Solution with Expanding Utility

link-chainlink icon link-chainlink icon Price Trading volume in 24h Last 7d price movement Buy Now! is the leading decentralized oracle network, providing essential data feeds to smart contracts across numerous blockchain platforms. By bridging real-world data with on-chain applications, Chainlink plays a critical role in enabling more complex and functional decentralized applications (dApps). As decentralized finance (DeFi) and other blockchain-based applications grow, Chainlink’s utility and demand for its oracles continue to expand.

With new developments such as Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and partnerships with major financial and tech firms, LINK is positioned as a high-potential asset. Its integration with various DeFi platforms and support for new use cases indicate a strong upward trend in adoption and value. Check out our Chainlink Buying Guide and why Chainlink is one of our top picks for Cryptocurrencies to Hold Long Term.

  • chainlink
  • Chainlink
    (LINK)
  • Price
  • Market Cap
    $16.62 B

Key Features

  • Decentralized oracle network providing real-world data to smart contracts across multiple blockchains
  • Cross-Chain Interoperability Protocol (CCIP) for seamless data transfer across different blockchain networks
  • Partnerships with traditional finance entities and enterprise companies to support blockchain innovation
  • Secure and tamper-proof data feeds enabling more reliable DeFi applications and minimizing security risks
  • Broad integration in DeFi, NFTs, and gaming, providing extensive use cases for LINK
  • Price Feeds and VRF (Verifiable Random Function) for enhanced functionality in smart contracts

Pros

  • Unique position as the most widely used oracle solution in the blockchain space, crucial for DeFi and other dApps
  • High level of security and reliability with a decentralized network to reduce single points of failure
  • Strong network effects and partnerships with numerous blockchains and real-world companies
  • Supports complex dApps, driving adoption beyond simple financial applications
  • Consistent demand growth as DeFi and cross-chain applications expand

Cons

  • Heavily dependent on DeFi market growth, which can be volatile and sensitive to regulatory changes
  • Competitors emerging in the oracle space, though none have Chainlink’s extensive adoption or partnerships
  • Potential vulnerability to high gas fees on the Ethereum network, affecting smaller transactions
  • Relatively complex integration process, which can slow down adoption for new projects

7. Sui (SUI) — High-Performance Blockchain with Innovative Architecture

sui-sui icon sui-sui icon Price Trading volume in 24h Last 7d price movement Buy Now! is a recently launched layer-one blockchain focusing on high throughput and low latency, making it an attractive option for DeFi, gaming, and other data-heavy applications. Built with a unique architecture using “object-based storage,” Sui enables fast processing times and a highly scalable environment without sacrificing security. This structure supports dynamic asset management and improved user experience, making it ideal for complex dApps.

The Sui platform has seen strong support from developers and early adopters due to its groundbreaking technology. As more applications build on Sui and the network grows, the demand for SUI tokens could rise, positioning it as a potential high-gain asset for the coming cycle. You can learn more about this next-generation blockchain in our Sui Review and feel free to browse the Top Sui Projects in 2024.

  • sui
  • Sui
    (SUI)
  • Price
    $4.30
  • Market Cap
    $12.6 B

Key Features

  • High throughput and low latency for fast and efficient transaction processing
  • Object-based storage architecture optimized for scalable, complex applications
  • Dynamic asset management capabilities supporting more interactive and data-driven dApps
  • Low transaction fees, making it accessible and cost-effective for both developers and users
  • Parallel execution to handle multiple transactions simultaneously, improving network speed and efficiency
  • Advanced security features designed to protect users and ensure data integrity

Pros

  • Advanced infrastructure for handling high transaction volumes, ideal for gaming and DeFi applications
  • Strong developer interest and early support, fostering rapid ecosystem growth
  • Cost-effective and low transaction fees, making it accessible for users and developers
  • Optimized for gaming and high-data applications, appealing to a broad user base in emerging sectors
  • Innovative parallel execution that supports scalability without compromising speed

Cons

  • Newer blockchain with a shorter track record, which may pose reliability and adoption risks
  • Potential competition from other high-performance blockchains, like Solana, NEAR, and Avalanche
  • Limited interoperability with other networks as it builds out its ecosystem and establishes cross-chain partnerships
  • Reliance on developer adoption to drive growth, which may take time given its unique architecture
  • High early investor concentration, which could impact market stability if large amounts are sold

Criteria For Selection

When selecting cryptocurrencies for this list, we focused on a combination of high-risk, high-reward potential for meme coins and presales, alongside the stability and development activity of blue-chip projects.

High-Risk Asymmetrical Potential

Presale and meme coins selected in our top 5 are higher-risk but have captured the interest of many investors. While there’s the potential to lose the entire investment, the upside of these crypto projects could range from 10x to even 1000x returns. Hype, community backing, and viral potential are key drivers of these projects’ success.

Lower Risk Blue-Chip Cryptos With Growth Opportunities

The blue-chip picks are well-established projects that have proven use cases and are currently trading below their all-time highs. These assets are expected to outperform the broader market, especially as we move toward the end of the year.

Development Activity

Development activity, including total value locked (TVL) growth and other promising metrics, contributed to the selection of blue-chip picks. Projects with robust developer ecosystems are more likely to deliver consistent value to investors.

Partnerships and Collaborations

Strategic partnerships and collaborations play a crucial role in ensuring the longevity and adoption of blue-chip projects. Each of the blue-chip assets listed here has established relationships that contribute to their long-term success.

How to Choose the Right Cryptocurrencies For Your Portfolio

Building a well-rounded crypto portfolio requires careful consideration of risk tolerance, investment goals, and market trends. The following factors can help guide your selection process.

Diversification

Buying a range of crypto assets helps to spread your bets. This is akin to not putting all your eggs in one basket – if you invest everything into one asset then you will lose out big time if that asset’s price falls. One way to mitigate this risk is to diversify your portfolio by holding several cryptocurrencies.

Let’s say you have $100 to invest. Instead of putting it all into one asset, such as Bitcoin, a better strategy would be to spread this $100 over several crypto coins to minimize the impact of price swings.

Risk Management

Risk management is an important part of a successful investing strategy. A wide term that emcompasses a lot of factors, risk management can be applied to lots of different types of potential risk.

For example, regulatory risk would describe new laws that could adversely impact an asset, such as a law that prohibits an asset’s support or ones that increase capital gains tax. News like this can result in price drops, so professional traders keep a close eye on market trends so they can sell off their assets ahead of the rest of the market.

In addition, risk management strategies consider factors such as security risks, reputational risks, and operational risks. These are things that should be taken into consideration before making a buy or sell decision.

Long-Term vs. Short-Term Investing

Investing for the long term is typically a slower process for making returns than quick flash in the pan trades on highly volatile crypto coins. For shorter term gains, presales and other forms of early buying mechanisms are great ways to get hold of highly volatile assets quickly before the rest of the market catches on. However, the danger of this is whales that buy up large percentages of the total supply before dumping this on the market once gains have been made. 

With this in mind, trading highly speculative coins can be a dangerous game. Sell too soon, and you may miss out on further gains, too late and you’ll be potentially left with a worthless bag that will never see further price appreciation. Timing is crucial for short term investing.

For long-term investing, traders should ideally have a timeframe and price point at which they want to sell before they make their buy. They can then hold the assets for years at a time before eventually selling and making their profits. This strategy is typically best suited to “blue-chip” cryptocurrencies that can hopefully benefit from the crypto market’s macro upward trends over time.

Responsible Exposure to High-Risk Crypto Assets

Many investors choose to hold 50-80% of their crypto in established blue-chip assets while allocating 5-20% to higher-risk crypto projects like presales and meme coins in hopes of a 10x. However, the right balance depends on individual risk tolerance and investment objectives.

High-risk crypto assets investments should ideally be a relatively small portion of traders’ portfolios and it should be an amount of money the investor would be happy to lose, i.e do not use your rent money to buy a high-risk crypto asset.

Cryptos to Turn $100 into $1,000: Conclusion

In conclusion, the right mix of high-risk, high-reward meme coins and stable, established cryptocurrencies can provide a balance of potential and security for investors looking to maximize their returns in Q4 2024.

Our top pick for high risk assets is Pepe Unchained thanks to its strong community presence, successful presale and generous staking rewards.

For blue chips, we’d recommend a selection made from the top 5 or so cryptocurrencies by market cap to ensure you can follow the macro trends of the crypto market more effectively.

FAQs

Is it really possible to turn $100 into $1,000 with cryptocurrencies in 2024?

How do I choose which cryptocurrency to invest in?

What platforms should I use to buy these cryptocurrencies?

References:
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Jack Pearson

Jack is a content expert in the crypto space based in London, with over 5 years’ experience working as a writer, editor and content marketing expert. Jack first heard about Bitcoin in 2017 while traveling in China and has been... Read More

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