3 Cryptos to Buy for 10,000% Gains by The End of 2024: June Edition


  • As cryptos reach its growth phase in the market cycle, here’s a look at three cryptos to buy for gains this year. 
  • Avalanche (AVAX-USD): the speed and scalability features that Avalanche offers makes it the go-to platform for payment and gaming apps. 
  • Solana (SOL-USD): the crypto remains a leader in the decentralized exchange (DEX) market for its speed and low transaction costs. 
  • Chirpley (CHRP-USD): this crypto project plans to redefine the world of influencer marketing by leveraging AI and blockchain technology.
cryptos to buy - 3 Cryptos to Buy for 10,000% Gains by The End of 2024: June Edition

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The renewed buzz around digital currencies has investors scrambling to get their hands on the top cryptos to buy in the market. In today’s bull cycle, heavyweight cryptos like Bitcoin (BTC-USD) and Ethereum (ETH-USD) seem like the obvious choice for investors — and with good reason. BTC prices are up 168% from a year ago and show signs of going higher as the digital currency gains mainstream traction. 

However, it’s worth looking beyond the big names because there’s a whole universe of digital currencies that deserve your attention. Commonly referred to as altcoins, these cryptos have their own unique features and cover a broad range of functions. 

In recent months, several altcoins have seen a surge in prices and show signs of gains as high as 10,000% by the end of this year. This bull run has led to increased interest in these cryptos as trading volumes reach new highs. Investors looking to capitalize on the gains are keen to get behind the names leading the surge. 

Solana (SOL)

Solana logo on phone screen stock image. Solana price predictions.
Source: sdx15 / Shutterstock.com

Amidst a sea of altcoins, Solana (SOL-USD) stands out as a major player in the crypto landscape. SOL is now the fifth most valuable digital currency this year with a market value of $69 billion. The crypto’s claim to fame can be attributed to several reasons. 

One among them is the company’s position in the decentralized exchange (DEX) market. Solana has found plenty of success here and prides itself on its ability to execute transactions with speed at a low cost. SOL’s blockchain technology uses a combination of a proof-of-stake (PoS) and a proof-of-history (PoH) mechanism. This enables its network to execute over 50,000 transactions per second, making it the fastest blockchain network in the world. 

A second tailwind is its low transaction fees. The transaction fee of a platform depends on the block size and the number of transactions the block can handle. Solana rises above its DEX counterparts on both counts with a block size of 20,000 transactions and a block time of 0.4 seconds. As a result, the crypto is able to offer its users very low fees at $0.00025 per transaction.

Solana has seen an impressive price rally in the last couple of years and has turned many investors into millionaires. Its ability to process a large volume of transactions quickly at a low cost makes it one of the most popular cryptos to buy on the market today. Investors looking to capitalize on its growth, stand to gain from a potential 10,000% return by the end of the year.

Avalanche (AVAX)

Avalanche AVAX symbol. Trade with cryptocurrency, digital and virtual money, banking with mobile phone concept. AVAX-USD
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Avalanche (AVAX-USD) is making major breakthroughs in the world of decentralized applications (dApp). The rise dApps has led to a demand for platforms that can process transactions quickly while remaining secure. This is exactly what Avalanche offers with its Directed Acyclic Graph (DAG) mechanism. The DAG technology enables the company to provide efficient and speedy transactions at scale. 

These offerings have put Avalanche at the forefront of the dApp revolution. The platform’s decentralized layer 1 blockchain allows developers to build various DeFi and gaming apps on its platform. Since its inception, several leading financial institutions like JP Morgan (NYSE:JPM) and games like Off The Grid have built apps on the platform

Avalanche has seen strong price momentum in the last few months and is poised for massive returns by the end of the year. The bullish sentiments stem from new developments within its network and partnerships that will expand its footprint in the industry. AVAX’s market position and promising growth prospects makes this one of the top cryptos to buy for 10,000% gains this year.

Chirpley (CHRP)

Influencers stock image
Source: Shutterstock

Chirpley (CHRP-USD) plans to redefine the high-growth influencer marketing industry by leveraging blockchain technology and AI. Its core product is an online marketplace designed to meet the needs of micro-influencers. Through a combination of AI, smart contracts and blockchain technology, the platform seamlessly connects influencers to brands. This unique approach serves to democratize the industry by giving stakeholders more control.

The Chirpley platform offers several features to make the marketing process as efficient and cost-effective as possible. Powered by the opBnB blockchain, the marketplace offers several innovative features. These include a user-friendly interface, campaign management through smart contracts and a safe and transparent ecosystem. The crypto project also maintains partnerships with several high profile brands to give small influencers more opportunities. 

I think Chirpley is a good buy because it serves to optimize an industry that’s poised for massive growth. Experts believe the value of the influencer marketing industry could reach $139 billion by 2031. Chirpley’s innovative approach to democratizing this space, puts it among the top cryptos to buy for a potential 10,000% gains by the end of the year. 

On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Divya has a background in finance and accounting and has worked in FP&A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics including stocks, crypto, blockchain and global policy.

Article printed from InvestorPlace Media, https://investorplace.com/2024/06/3-cryptos-to-buy/.

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