Top 5 Best Cryptos to Buy Now: August 2024 Edition

The market drawdown after Bitcoin’s recent stumble has been an ideal opportunity to buy blue chips at a significant discount. Since then, the market has rallied to make a sensational comeback, prompted by a spike in interest in finding the best cryptos to buy now.

So, if you’re looking for the inside track on the coins that could offer tidy profits over the coming months, you’ve come to the right place. We’ve narrowed the top 5 best cryptos as of August 2024 to the following picks: Poodlana, Solana, Bitcoin, Uniswap, and MAGA.

Why We Believe These Are the Best Cryptos to Buy in August 2024

These options offer significant profit-making potential, strong narratives and or utility, and the potential to gain widespread traction for parabolic growth.

1. Poodlana (POODL): The “Hermès of Crypto” Debuting on Solana
2. Solana (SOL): The Best Layer-1 Token to Buy Now
3. Bitcoin (BTC): First-Mover Advantage Still Reigns
4. Uniswap (UNI): The Undisputed Leader of Ethereum DEXes
5. MAGA (TRUMP): A Strong PolitiFi Meme Coin Candidate in 2024

Poodlana (POODL): The “Hermès of Crypto” Debuting on Solana

This sophisticated dog-themed meme coin has rapidly ascended to prominence in the Asian meme coin markets, particularly Japan, Korea, and China.

Poodlana leverages its global appeal and original concept to create powerful marketing campaigns. So much so that with the current trajectory it has become a strong candidate for the next 100x coin in 2024.

Asian markets, after all, are the major meme coin trendsetters, with 80% of the volume occurring in the Asian markets before the rest of the world catches on. It happened with Shiba Inu, it happened with PeiPei, and it will happen again with Poodlana once it is listed on exchanges in August.

Poodlana is in its flash presale, scheduled to run from July 17 until its listing on August 16. Its first listing will be on the Raydium DEX  60 minutes after the presale ends: presenting oodles of trading opportunities for early presale investors who wish to capitalize on Poodlana’s status as the Hermès of Crypto. This one is certainly going to be on a lot of traders’ watchlists.

Solana (SOL): The Best Layer 1 Token to Buy Now

Solana is available at a significant discount and perfect for individuals who wish to invest in a hands-off L1 bet that’s good value to turn in substantial gains in August. Solana is a sure shot – as evidenced by the massive meme coin activity on the blockchain. Solana is poised for further growth in the coming months as the bull run finally gets underway. Thanks to its miniscule fees and fast transaction speeds, Solana is a strong contender to take a significant segment of the market share long held by Ethereum, giving it considerable pump potential and better ROI than many other L1s.

Bitcoin (BTC): First Mover Advantage Still Reigns

Bitcoin may be the “granddaddy of them all”, – but that’s precisely what makes it a solid, if unspectacular choice, to gain exposure to crypto and earn a fair profit. While any investor looking for parabolic gains with Bitcoin will be sorely disappointed, Bitcoin still has an unparalleled first-mover advantage in the entire market. And when Bitcoin pumps, so does the rest of the market. While the profit margins may be thinner than Poodlana or other contenders on this list, Bitcoin is the safest crypto investment for higher net-worth individuals and institutions.

Uniswap (UNI): The Undisputed Top Ethereum DEX

Most readers will be familiar with Uniswap as the leading DEX (currently with 40% market share in DEX trade volume). It overcomes the liquidity issues experienced by some centralized exchanges with a clever automated liquidity protocol. This protocol rewards people trading on its platform to encourage investors to act as liquidity providers. Even in bear markets, traders will trade. Investing in Uniswap is a solid tactic for ensuring you’re backing the company selling the shovel that an entire industry uses to dig for gold.

Maga (TRUMP): A Strong PolitiFi Meme Coin Candidate in 2024

Finally, investors looking to cash in on the madness of the 2024 US presidential elections without betting on risky low-cap plays in the emerging sector will do well by investing in MAGA. After all, crypto isn’t about red or blue; green is the only color that matters. That said, Maga has gone on an exponential tear since launching in 2023, putting early investors into the green. But it’s not too late – with the elections still several months away, there’s plenty of time to get in on the PolitiFi action with Maga.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Sponsored