Top 4 Cryptos to Buy for 2024

In December 2022, we made a bold prediction: Cryptocurrencies will soar, and Bitcoin will rise by more than 100% in 2023.

At that time, the claim appeared bold to the most dedicated cryptocurrency enthusiasts and seemed outright foolish to nearly everyone else.

Bitcoin (BTC-USD) was trading under $17,000. It had crashed 75% over the previous two years. And the industry’s biggest persona – Sam Bankman-Fried of FTX – had just been arrested for fraud.

It looked like the book was closing on cryptos for good.

We did not see things that way.

While most other investors ran away from Bitcoin and cryptos in late 2022, we ran toward them. We told our subscribers that the bottom was in and that it was time to get aggressive.

Since then, Bitcoin has risen 280%, Ethereum (ETH-USD) has popped 180%, and Solana (SOL-USD) has soared more than 1,200%.

Our call proved to be prescient – and profitable.

So, how did we do it?

By understanding crypto cycles.

Understanding Crypto Market Cycles

Crypto markets oscillate between major booms and busts in conjunction with halving events.

Every four years, Bitcoin experiences a halving event, during which the amount of Bitcoin mined per transaction is reduced by half. Consequently, Bitcoin’s supply production decreases by 50%. This mechanism is crucial because Bitcoin operates on the principle of having a limited supply.

As such, we expect Bitcoin to enter boom cycles as halving events approach. Similarly, we expect Bitcoin to enter bust cycles when halvings are distant.

What is surprising, however, is the extent to which Bitcoin adheres to these halving-driven cycles.

Since 2011, Bitcoin has exhibited a nearly identical pattern every four years.

The cycle typically begins with a boom approximately 12 months before a halving event and continues for about 12 months afterward. Then, Bitcoin reaches a peak and plummets roughly 80% over the next two years. It hits a low around 12 months before the subsequent halving event, and then starts another boom cycle.

This pattern has repeated not once, not twice, not three times, but four times.

We are currently in the fourth crypto boom cycle.

This crypto cycle analysis is what allowed us to call the bottom back in late 2022, when everyone else was afraid of touching Bitcoin.

It’s also why we’re still pounding the table on cryptos right now.

The Fourth Crypto Boom Cycle

This Fourth Crypto Boom Cycle is far from over.

The Fourth Bitcoin Halving is not expected until April. Boom cycles typically last at least 12 months after these halving events. That means, as we write this, the Fourth Crypto Boom Cycle likely has more than 13 months of runway ahead.

And those 13 months could prove to be the most lucrative of this boom cycle.

That is just how these cycles operate.

Bitcoin increases significantly in the first half of the boom, during the 12 months before the halving. However, Bitcoin truly soars during the boom’s second half, in the 12 months that follow.

Consider the following:

• During the First Crypto Boom Cycle, Bitcoin rallied 500% in the first half, and then soared more than 9,000% in the second half of the cycle.
• In the Second Crypto Boom Cycle, Bitcoin initially rallied about 100%, and then soared nearly 3,000% in the cycle’s second half.
• And during the Third Crypto Boom Cycle, Bitcoin increased 35% at first, and then soared almost 500% in the second half of the cycle.

The returns in a crypto boom cycle’s second half tend to be an order of magnitude larger than the returns in the first half.

The Fastest Legal Way to Get Rich in America

Nothing about the bull case for crypto has changed — it remains one of the largest explosions of wealth in modern history. People who invest modest stakes in smaller cryptos – known as “altcoins” – will make millions of dollars.

But to truly understand the magnitude of this opportunity, you must understand that altcoins aren’t really cryptocurrencies in the way most people think about them.

To know why many altcoins are about to skyrocket thousands of percent in value, you need to know that these assets aren’t “fantasy internet money.”

They are actually investments in one of the most valuable, most revolutionary technologies ever created…

… And they will create a MULTITRILLION-dollar tsunami of wealth for their owners.

Remember that the underlying technology behind Bitcoin and altcoins is blockchain.

You can think of blockchain and cryptocurrencies like a virtual ledger…

But to truly convey their stunning wealth-creation power, I prefer to say blockchain technologies are just really, really, really valuable software programs.

Now, if you’ve paid attention to what has happened in the world and the stock market over the past 30 years, you should be ready to jump out of your chair and buy altcoins with both hands right now.

That’s because software programs are the oil of the 21st century. They are one of the greatest forces for wealth creation on Earth.

The discovery of oil deposits around the world in the 20th century minted millionaires faster than anyone could count.

It was one of the fastest, biggest accumulations of wealth in human history. People went from poverty to more wealth than their grandkids could ever spend… virtually overnight.

When I say software programs are one of the greatest forces for wealth creation on Earth, I’m not talking about conventional wealth creation… in which it takes you 30 years to save up $1 million.

I’m talking about wealth creation on steroids… in which investors can make $30 million in one year. I know that sounds outlandish, but let’s look at the amazing facts right in front of our eyes.

Bill Gates became one of the world’s richest men because software programs are the oil of the 21st century. Just think about the Microsoft (MSFT) spreadsheet program we call “Excel.”

How much time did Excel save the human race?

A billion years?

Ten billion years?

Excel is now the world’s most popular spreadsheet computer program. It has saved us stupendous amounts of time by allowing us to automate calculations and financial analysis… instead of doing single calculations by hand.

One person running Excel can do the work of a million accountants from days past.

That’s the power of software programs, and it’s occurred across all industries.

Over the past 30 years, software programs have created an explosion of efficiency and human productivity. A great software program can help you make smart business decisions, find travel deals, talk to loved ones, and get a cheap ride home.

Software has massively improved our ability to communicate, share information, transact, gather data, and analyze data.

Healthcare, education, transportation, manufacturing, energy production, food production, retail, banking, you name it… computer programs have allowed us to do it much more efficiently.

Given all the time, money, and frustration software programs have saved us, it’s no wonder they’ve kicked off one of the largest, fastest accumulations of wealth in human history:

• In 1986, computer program leader Microsoft went public. Shares are up nearly 415,000% since then.
• In 1986, shares of computer program leader Oracle (ORCL) went public. Shares are up more than 163,000% since then. Oracle founder Larry Ellison is one of the world’s richest people, worth over $98 billion.
• In 1998, two young computer programmers Larry Page and Sergey Brin founded Google – Alphabet (GOOG) – and created the world’s most valuable search engine program. Both men are now worth more than $70 billion each. Their early backers made billions, as well.

Software programs have become the world’s ultimate wealth creators… because we all place enormous value on their ability to save us time and headaches… and because they’ve made us massively more productive.

The fastest legal way to get rich in America is to own a piece of a valuable software program or algorithm.

Which brings me to my million-dollar point…

Blockchain technology is about to unleash an epic new wave of software wealth.

Real altcoins aren’t anything like “fantasy internet money,” as they are portrayed in the press. Investments in the best altcoins are investments in the next generation of revolutionary software.

Forget all the words you hear when people talk about cryptocurrencies and blockchain. They don’t matter much compared to these two key facts:

1.      Valuable software programs are the oil of the 21st century. They’ve become the world’s ultimate wealth creators… because we all place enormous value on their ability to save us time and headaches… and because they’ve made us massively more productive. So, owning them is the fastest legal way to get rich in America.

2.     Blockchains and the altcoins powered by them are just really, really valuable software programs… and they are about to unleash a multitrillion-dollar tsunami of new wealth.

In fact, I love the beneficial disintermediation made possible across all industries by blockchain technology.

To understand just how powerful this transformational technology is, we need to understand the ways in which it will change the world…

Blockchain: A Transformational Technology Taking Shape

In the big picture, blockchain is arguably the most disruptive technology since the internet, with the core of this disruption being blockchain’s centralized and immutable ledger.

This thoughtfully constructed ledger enables innately untrustworthy individuals and entities to collectively create trustworthy systems, all without the need for any central authority – hence the term “disintermediation.”

Blockchain enables humans to remove the intermediaries from legacy systems and replace them with a collective ledger.

Now… why would we do that?

Because middlemen are often unnecessary profit-takers.

Further, they’re sometimes subject to corruption (see: the financial crisis of 2007-’08).

By removing and replacing them with an automated and incorruptible technology (which doesn’t need a paycheck), we can make today’s systems and processes more trustworthy, faster, and cheaper.

The applications here are theoretically infinite.

One application of blockchain technology that Wall Street is currently drooling over is the creation of blockchain-enabled currencies – or cryptocurrencies – to create a new era of decentralized finance (DeFi) that doesn’t involve big banks as profit-taking intermediaries.

And DeFi is the future.

That said, DeFi, is not where I see the most upside in the blockchain/cryptocurrency megatrend.

After all, DeFi is intended to disintermediate banks, like Goldman Sachs (GS), JPMorgan (JPM), and Wells Fargo (WFC). Those are multi-hundred-billion-dollar companies. The disruption opportunity is huge.

But there’s a much, much bigger opportunity in disintermediating technology titans, like Alphabet and Amazon (AMZN), which are trillion-dollar companies.

That’s why I love the idea of “dApps” – decentralized applications.

DApps are software applications built on the blockchain. This can be any application – a video media application like YouTube, a driver-rider app like Uber (UBER), a music streaming app like Spotify (SPOT).

The central link is that these apps are coded on the blockchain – and, therefore, there is no central authority that “runs” the app and makes money from the app, either via subscription sales or digital ads. By removing that central authority, dApps create a new generation of truly free software applications.

Often, these dApps have underlying cryptocurrencies that are used as a form of in-app currency in the dApps, or incentive token for the app developers and blockchain participants.

The appreciating value for these cryptos represents the economic value of the dApp (i.e., instead of the app makers making money from digital ad sales, they make money by owning the dApp’s cryptocurrency, which rises in value as more folks use the dApp).

I firmly believe that dApps will disrupt everything. The future YouTube will be a dApp. The future Uber will be a dApp. The future Spotify will be a dApp.

Most, if not all, apps in the future will be dApps.

To illustrate my point, we have to go back to the dot-com boom…

During the internet craze of the late ’90s and early 2000s, the companies that succeeded did something very simple.

They didn’t reinvent the wheel.

They didn’t create brand-new industries.

All they did was digitize what was already working in the physical world.

Malls were working in the 1990s. So, Amazon digitized malls and turned into the “digital mall.”

Movie theaters were working in the 1990s. So, Netflix (NFLX) digitized movie theaters and turned into the “digital movie theater.”

Newspapers and magazines were working in the 1990s. So, Meta Platforms (META) digitized those industries and became the “digital publisher.”

The “winning playbook” in the dot-com boom was astoundingly simple. Find something that is working in the physical economy and digitize it.

The “winning playbook” in the Crypto Boom is equally simple. Find something that is working in the digital economy and decentralize it.

The cryptocurrencies that do this the best will turn into 100X investment opportunities over the next decade.

This information – this way of viewing altcoins – could be the most valuable, most life-changing information you ever hear.

When you change your perspective on altcoins, you realize that they are not fantasy internet money… they are investments in systems that make our lives easier, more productive, and more efficient.

It’s just like backing Microsoft, Google, Uber, or Oracle in the early days.

When you buy an altcoin, you are essentially acting as a venture capitalist.

You are funding small startup companies that are trying to unseat entrenched, inefficient models and companies that gouge customers.

Investing in the best altcoins (aka “software programs”) right now is like taking an early stake in Adobe Systems (ADBE) in 1998. Adobe created the hugely popular “PDF” program… and the stock has soared 154,000% since then.

Top 4 Cryptos to Buy for 2024

The good news is that you don’t need to be a tech master to make money investing in cryptocurrencies. You just need to be aware of larger trends and pay attention to the market.

Let’s get started with the four top cryptos you should look into in 2024…

Top Crypto to Buy for 2024 #1: Ethereum

Ethereum is one of the older cryptocurrencies on the market, and it’s one you may have heard of. It’s the second-largest coin by market cap, but it’s still just about a third the market cap of its larger counterpart, Bitcoin.

The crypto was co-developed by Vitalik Buterin – a developer and the cofounder of Bitcoin Magazine – and launched via an online crowdsale in 2014.

You should be interested in Ethereum for a few reasons…

For starters, it is a different animal than Bitcoin. The cryptocurrency claims to “build on Bitcoin’s innovation, with some big differences.” You can use Ethereum to send digital money, just like you can with BTC. But it’s used for much more than just payments.

Ethereum interacts with the Ethereum protocol – a global, open-source platform for decentralized applications. Decentralized applications (or dApps) are an incredible innovation that allow everyday people to participate in the app economy.

Decentralized finance (DeFi) is one of the fastest-growing subsectors in the cryptocurrency industry, and Ethereum (plus the many Layer 2s built on top of it) account for around 65% of total dApp transaction volume. That makes it one of the most widely used protocols in the space.

Ethereum is also a great investment for first-time crypto investors because it is available on a range of exchanges – including Coinbase, which is one of the best known.

Exchanges: Coinbase, Kraken, Crypto.com

Top Crypto to Buy for 2024 #2: Solana

Solana, renowned for its high-speed transaction capabilities and low-cost structure, has (re-)emerged as a formidable player in the blockchain space.

The network’s ability to process thousands of transactions per second while maintaining lower transaction fees than many of its competitors positions it as an attractive platform for developers and users alike. Interacting with dApps on the network is far more streamlined and user-friendly than on most other networks.

This efficiency is a cornerstone of Solana’s long-term potential, as it caters to the demand for fast and affordable blockchain solutions.

The developer community around Solana is another of its strengths. A thriving ecosystem has developed, with programmers drawn to its scalable infrastructure and supportive environment. The network’s commitment to fostering innovation is evident through various grants and hackathons, which encourage the creation of new applications and services on the Solana blockchain. This active developer engagement is crucial for the continuous growth and diversification of the platform’s offerings.

In the realm of non-fungible tokens (NFTs), Solana has seen significant growth. According to Electric Coin Capital’s 2023 Developer Report, Bitcoin and Solana alone accounted for 75% of NFT deployments, dwarfing those on Ethereum and all other Layer 1 and Layer 2 networks.

The Solana blockchain’s high throughput and low fees make it an ideal platform for minting and trading NFTs, especially at a time when minting on Ethereum generally still costs double-digit dollar amounts. This has led to a very active market that attracts a range of artists, collectors, and investors. This growth within the NFT space is indicative of Solana’s ability to capture emerging trends in the crypto ecosystem, further solidifying its long-term prospects.

The network could even benefit from leading NFT market Magic Eden’s early-2024 launch on Ethereum — in collaboration with Bored Ape Yacht Club creator Yuga Labs. This launch brings Solana and Ethereum NFT collectors closer together than ever.

Solana’s foray into the smartphone industry with the Saga, and the anticipation surrounding the preorders of the Chapter 2 phone set for release in 2025, showcase the network’s innovative approach. The success of these devices points to Solana’s ambition to integrate blockchain technology into everyday life, potentially revolutionizing how consumers interact with decentralized applications and services.

The Solana network also has established solid partnerships across various industries, which not only enhances its credibility but also expands its utility and reach. These collaborations are essential for Solana’s integration into mainstream applications, providing a strong foundation for sustained growth and adoption.

Despite all these advantages, Solana has faced skepticism due to past associations with FTX and an unfortunate history of network outages.

However, these concerns are becoming less relevant as the network matures.

The outages are now infrequent and on par with occurrences on other established networks like Ethereum, which itself experienced brief downtime in May 2023.

Solana’s proactive measures to improve stability and reliability have been effective, and as the network continues to demonstrate resilience, confidence among users and developers is likely to increase.

In summary, Solana’s blend of speed, low costs, a vibrant developer community, success with NFTs, successful ventures into the smartphone market, and solid partnerships provide the network with significant and promising long-term potential.

Exchanges: Coinbase, Kraken, Crypto.com

Top Crypto to Buy for 2024 #3: Cardano

Followers of the cryptocurrency world have likely heard of Cardano (ADA-USD) before. It’s one of the “major coins.”

That said, it is distinct from other the larger, well-known cryptocurrencies in its underlying technology. And this distinction is what may make it the best big-name cryptocurrency to buy today.

Cardano is the eighth-largest cryptocurrency by market capitalization, with a $27 billion market cap as of this writing. Yet it is dwarfed in size by the top two tokens: Ethereum ($425 billion market cap) and Bitcoin ($1.3 trillion market cap).

The heart of Cardano’s world-leading technology is the crypto’s proof-of-consensus protocol.

You see… every cryptocurrency has a proof-of-consensus protocol. This is the set of rules and processes by which the blockchain underlying the cryptocurrency validates transactions on the blockchain, without needing any central arbiter – proof-of-consensus protocols are essentially the technological backbone of cryptocurrencies.

Without them, cryptos don’t work. And the better the proof-of-consensus protocol, the better the crypto.

Cardano has the best proof-of-consensus protocol in the world.

This protocol – dubbed Ouroboros – is the most rigorously tested proof-of-consensus protocol by the academic community. At least 70 academic papers have legitimized and validated this protocol. That’s unheard of and unrivaled in this space.

But what actually makes Ouroboros so special?

It most effectively solves the cryptocurrency optimization problem of maximizing efficiency, reducing environmental impact, and accelerating rewards.

The technicals are quite complex, but at a high level, these things are achieved through a unique proof-of-stake protocol that rewards participants for their honest participation, disincentivizes dishonest actors, creates a stable system, and results in zero wasted work.

Cardano is technologically one of the most – if not the single-most – superior coins we have analyzed… and we’ve analyzed a bunch.

It’s no wonder the Cardano blockchain is already being used in places like education (for the issuance of academic certifications), retail (for product verification and anti-counterfeiting), agriculture (for supply chain tracking), government (for digitally native identity security), and more.

In the long run, Cardano will be one of the most valuable cryptocurrencies in the world.

That’s why – even during the next, inevitable crypto crash – contrarian investors may want to think about buying (and holding) Cardano for the long haul…

Exchanges: Coinbase, Kraken, Crypto.com

Top Crypto to Buy for 2024 #4: Near Protocol

That brings us to our final best crypto to buy for 2024 — Near Protocol (NEAR-USD).

Near is a Layer 1 blockchain focused on being infinitely scalable while remaining secure and easy to use.

Not only was the project created with sharding in mind from the very start, but the way it implements sharding and finality is unique.

“Sharding” just means dividing a blockchain into smaller pieces, called “shards,” that are each responsible for processing a subset of transactions. All of these shards communicate with each other, ensuring the state of the entire blockchain remains consistent and up to date.

This scaling method is in contrast to having the entire network process all transactions. This can lead to bottlenecks during periods of high network activity, which means higher transaction costs and slower speeds.

With sharding, scaling up a blockchain to meet demand is as simple as introducing more shards.

That’s how, theoretically, Near’s “Nightshade” is capable of infinite scaling. In January 2024, Nightshade entered Phase 2, the second of three phases.

Phase 2 implements sharding of both state and processing. Currently, only the state is sharded.

Phase 3 adds dynamic resharding — when things get really interesting. Shards can be created and merged based on current network utilization. This is when Near will become nearly infinitely scalable.

And who better to implement complex scaling technology than Near Protocol’s core team?

Prior to getting into blockchain development in 2017, the project’s founders worked at tech companies like Google, Microsoft, and MemSQL. For context: MemSQL is a distributed, sharded database (sound familiar?) that is used by Samsung, Goldman Sachs, and Uber.

Near’s co-founders, Illia Polosukhin and Alexander Skidanov, have an impressive history of research in areas related to blockchain technology and artificial intelligence. Alexander won gold in the Association for Computing Machinery’s International Collegiate Programming Contest in 2008. And, if that wasn’t impressive enough, Illia is responsible for co-authoring the research paper that formed the foundation for large language models (LLMs). This paper ultimately led to the creation of modern AI models like ChatGPT.

At some point during their careers, Illia and Alexander’s friends convinced them to look into contributing to the budding blockchain space.

That’s when they surveyed the space and realized they wouldn’t be comfortable developing on any of the blockchains they found. So, Alexander and Illia set out to craft Near Protocol, a blockchain designed from the ground up to cater to both developers and users.

It is proof-of-stake, sharded, and designed to be easily accessible via mobile phones.

The two founders were also able to rope in two other ICPC Gold Medal winners, four former Googlers, and a few early MemSQL employees.

Instead of developers having to learn a new programming language or commit to a single blockchain ecosystem, Near enables developers to leverage their existing coding knowledge to build apps that can be deployed across any number of blockchains.

Near’s modular development framework makes it super simple for new and experienced Web3 developers to get started creating blockchain-powered apps right away. This framework also includes the “FastAuth” software development kit (SDK). This SDK makes it easy to implement email-based account registration and recovery, solving a common pain point in crypto that typically involves cumbersome seed phrases.

Near is also home to Aurora, an Ethereum EVM solution. Aurora enables teams to migrate their Ethereum dApps and benefit from Near’s sharding technology (and roughly 1,000X lower fees).

Octopus is also built on Near and lets developers create their own app-specific blockchains.

Near Protocol’s partnership with Google Cloud also enhances the developer experience by providing access to the technical support and infrastructure needed to build highly scalable dApps that can meet any level of demand.

One side of Near that likely hasn’t registered on most investors’ radars is its data availability (DA) solution. Near’s recently unveiled (in November 2023) DA layer will help Layer 2 (L2) blockchains scale by providing a cheap but secure alternative to storing all their data on a Layer 1 (L1) blockchain such as Ethereum.

For example, while it would cost an Ethereum L2 upward of $20 to store 100 kilobytes of data on Ethereum, that data can instead be stored via Near for less than a cent. The transaction proofs themselves get stored on the L1, while all the data necessary to prove the validity of the transactions gets stored on Near’s DA layer. This approach improves L2 scalability and reduces costs.

Then there’s the Near Foundation, which has multiple years of runway. Coupled with Near’s regular transparency reports (which it began publishing even prior to the recent demand for more transparency), this announcement gives us confidence in Near’s longevity.

Overall, we’re impressed with Near’s premise, tech, team, recent developments, and notable runway.

The L1 competition is tough, but Near has what it takes to make headway and expand its market share ahead of the next crypto boom.

And from there, it’ll just be a matter of continuing to execute as new developers and users flock to the ecosystem.

Exchanges: Coinbase, Kraken, Crypto.com

The Final Word

Bitcoin is up about 100%-plus so far in the first half of the Fourth Crypto Boom Cycle. And history suggests it could rise 1,000%-plus over the next 12 months.

So, no, it is not too late to buy cryptos.

You didn’t miss the boat. The train hasn’t left the station.

There’s still time to potentially strike it rich in this crypto boom cycle.

That’s why we’ve been issuing new Buy Alerts in my paid services on several cryptos that we feel are prepared to soar as we approach the latest halving and move into the Fourth Crypto Boom Cycle’s second half.

Moreover, our macroeconomic outlook for 2024 is for a reversal in Fed policy.

The risk asset that will benefit most from this pivot will be cryptos.

Whenever Fed policy eases – and money supply expands – cryptos soar. The Bitcoin rally from $3,000 to $12,000 in 2019 was preceded by a reversal in money supply growth from contracting to expanding. Similarly, the Bitcoin rally from $10,000 to $60,000 in 2020-’21 was also preceded by significant money supply expansion.

As Fed policy shifts in 2024, money supply growth should reaccelerate higher. As it does, cryptos will do what they always do when money supply growth reaccelerates: soar to the moon.

We’ll cover the whole story here at Hypergrowth Investing, Luke’s free daily eletter, of which you are now a member. You can find our Hypergrowth Investing archive here… and all our special research reports here.

Moreover, we’ll be covering this story in our paid crypto services – including Crypto Investor Network. We hope you’ll consider joining us there.

Sincerely,