The cryptocurrency market has been booming since 2024. The crypto community’s general sentiment has remained positive, as evident in the crypto fear and greed index, a metric used to measure investors’ emotions. It provides a score from 0 to 100.
While this metric reflects “greed,” which means that investors in the market are willing to buy more, people expect the score to surge even higher to reflect “extreme greed” and a significant bullish movement.
As a result, new and seasoned investors wonder about the cryptocurrency they should invest in before the next bull run.
To help simplify the choice, we have carefully selected the best cryptocurrencies to pay attention to. These tokens can potentially record substantial gains during the next bull run. If you want to diversify your portfolio profitably, this article about the best cryptocurrency to invest in is for you. Continue reading to find out.
6 Best Cryptocurrency to Invest in 2024 Ahead of the Next Bull Run
Here is the list of 6 Best Cryptocurrency to Invest in Ahead of the Next Bull Run in 2024 for good returns:
As a rule of thumb, diversification should be approached with caution, given the highly volatile nature of the crypto market. Choosing low-risk cryptocurrencies with high gain potential is one of the best ways to do this.
We have listed six cryptocurrencies to help you in this venture.
In the next section, we will check out the cryptocurrency to invest in before the next bull run, helping you make an informed decision.
1. 5thScape (5SCAPE)
The next cryptocurrency to invest in ahead of the next bull run is 5thScape. This is another new project in the market that has gathered lots of interest since its launch.
Players passionate about virtual reality find this project exciting as it integrates blockchain technology to create an immersive experience.
By owning 5SCAPE, the utility token, players can enjoy multiple benefits that enhance their digital experience across various domains.
Some benefits include free primary access to all digital products, educational content, games, movies, and more.
The presale is currently on and has moved to the second stage, quickly raising over $2.4 million from the target of $2.5 million. This indicates a growing interest in the project. Investors who want to join can do so for $0.00215.
>>Click here to visit 5thScape Presale Page
2. DarkLume (DLUME)
DarkLume is a new virtual reality project that prides itself on being the “metaverse of fantasies.” The project redefines the virtual world by introducing new concepts to create an even more immersive experience.
DarkLume offers its players diverse activities and entertainment designed to create and maintain engagement. Some of the activities in which you can participate in the ecosystem include leisure and fun, dating, and social interaction. Also, DarkLume provides ‘wild activities’ designed to take adrenaline junkies to the limit.
The DarkLume ecosystem is powered by its native token, DLUME, which enables players to acquire citizenship in countries within the ecosystem.
What is more, DLUME can be purchased using fiat currency and earned by participating in social activities. The token presale will take place in the first and second quarters of 2024, offering investors an opportunity to get in early ahead of listing. Including metaverse tokens in your portfolio is a smart way to stay ahead of the upcoming bull run.
>>Click here to visit DarkLume VR
3. SimuGaze (SGAZE)
Step into the world of virtual reality with the groundbreaking SimuGaze project. The fusion of virtual reality and blockchain technology has created many industry ventures, and SimuGaze is one to watch.
SimuGaze is an exciting virtual reality racing and simulation project that has created buzz since its release. The project aims to create a global community of passionate gamers who share a love for speed, competition, and innovation.
With SimuGaze, gamers can choose from several racing disciplines, such as Formula 1, rally, street racing, and more. Also, players can enjoy the feel of realistic acceleration, braking, and cornering as if they were behind the wheel.
The introduction of the SGAZE utility token makes it even better. The token is used to conduct transactions, incentivize players, and create a sense of belonging in the community.
Users and investors can acquire the SGAZE tokens through the upcoming presale or by participating in in-game activities. The presale will have ten rounds, with the price starting at $0.00138 and moving up to $0.0018 before listing on exchanges.
Investing in a token presale is an excellent way to become an early adopter and an opportunity to receive exponential gains as the project grows.
>>Click here to visit SimuGaze Presale Page
3. Cosmos (ATOM)
Cosmos is a blockchain ecosystem that plans to develop an internet of blockchains by creating secured communication and connections among various blockchains.
Cosmos sets out to solve some of the problems associated with blockchain, including slow transactions and high costs, by creating an interconnected network of blockchains using the Tendermint software.
The ecosystem’s native token, ATOM, is used to pay for gas fees and can also be staked to contribute to and improve the network’s security. Since its launch in 2014, Cosmos has gradually solidified itself as one of the top cryptocurrencies, sitting at #27 on the global crypto market chart.
Over the last month, ATOM has spiked by an impressive 15%, making it one of the tokens to watch.
5. Stellar (XLM)
Stellar (XLM) can be a significant cryptocurrency to add to your portfolio, given its impressive performance over the years. Stellar has created a cheaper, faster, and more efficient way of sending money.
A decentralized protocol enables the transfer of digital assets to traditional currencies at a low cost, allowing for cross-border transactions between any pair of currencies.
The project also recently launched some amazing features, such as Soroban, a smart contract designed for scale and sensibility.
Finally, over the last month, XLM, the network’s native token, has grown by 18% and has an impressive market cap of $3.9 billion.
6. Sei (SEI)
The last cryptocurrency on our list to invest in ahead of the next bull run is Sei (SEI). Sei is a layer-1 blockchain built on the Cosmos network, and it is another excellent cryptocurrency for long-term profits.
Decentralized exchanges (DEXs) have grown in popularity, but it is clear that they need more speed and convenience of trading afforded by centralized exchanges such as Binance and Coinbase. This is what SEI plans to modify. They intend to leverage their layer-1 blockchain to provide a professional trading option to the DeFi community.
Ultimately, Sei has proven to be an impressive project to pay attention to.
Factors That Drives the Growth of Cryptocurrencies
Several factors can be attributed to the growth of cryptocurrencies; some of them are:
- Demand and Supply: The basic principle of economics applies to cryptocurrencies. Once the demand for digital assets outstrips its supply, the asset’s price is expected to surge. Consumer sentiment and market trends contribute to market demand.
- Adoption is a significant factor affecting the growth of cryptocurrencies. The rate of adoption of a project fuels its rise or fall. Some of the cryptocurrencies included in our list, like SimuGaze, DarkLume, and 5thScape, are experiencing heavy adoption, making them very valuable investments in 2024.
- Utilized Technology: This factor plays a vital role in determining the growth trajectory of a crypto project. Tokens with innovative technology like virtual reality and artificial intelligence are predicted to grow exponentially, creating avenues for massive gains in the long term.
- Economic Factors: Broader economic factors like inflation, interest rate, and global market trends play a significant role in the value direction of a project. When periods of economic uncertainties arise, cryptocurrencies are often considered a ‘haven.’
Closing Thoughts on the Best Cryptocurrency to Invest in Ahead of the Next Bull Run
Cryptocurrency bull run is a period when the demand for cryptocurrencies outweighs supply. During this time, the prices of tokens skyrocket, sometimes reaching new highs and printing substantial gains for intelligent investors.
Ahead of the next bull run, cryptocurrencies like SimuGaze (SGAZE), DarkLume (DLUME), and 5thScape (5SCAPE) are some of the projects that have been positioned for growth. The meteoric rise of their underlying VR technology is the driving force behind the confidence.
However, it is crucial to remember the highly volatile nature of the crypto market. Tokens can rise and fall swiftly. Therefore, you are advised to do your research before deciding to invest.