What Crypto to Trade in 2024 (8 Top Crypto Trades)

Wondering what crypto to trade? The crypto market is vast and ever-changing, making it a challenge to pinpoint the most promising crypto trades.

That's where this article comes into play. Here, we unpack the top 8 crypto trades to keep your portfolio vibrant in 2024.

But first,

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Now let's dive in!

What is a Crypto Trade?

A crypto trade is the process of buying, selling, or exchanging cryptocurrencies in the digital market.

But here’s why it gets interesting. Unlike the traditional stock market, crypto trades happen 24/7.

Yes, you heard that right – no more waiting for the opening bell!

Think of it like playing a high-tech game of hot potato, but instead of a potato, you’re passing around digital assets.

The goal? To make a profit, of course! Whether it’s through day trading, where the action unfolds by the hour, or long-term holding, waiting for that sweet appreciation over months or years.

Now, before we dive deeper into what crypto to trade, note that our list is always updated to give you the ultimate digital treasure!

What Crypto to Trade in 2024

Before we jump into the specifics of what crypto to trade, let's unravel a little mystery: currency pairs.

In crypto, USDT acts like the universal currency. It’s akin to using dollars in a diverse international market.

USDT, or Tether, is a stablecoin, meaning it's pegged to the value of a dollar, thus bringing a sense of stability amidst the volatile world of cryptocurrencies.

This is why you'll see it tagged alongside other currencies, like ADAUSDT, acting as a benchmark for value.

In this case, we're comparing the value of Cardano (ADA) against the steady value of US dollars (USDT), making it simpler to gauge changes and make informed decisions.

Now, let's zoom into our first contender:

1. Cardano (ADAUSDT)

Cardano is a huge player in the crypto space. It’s named after a pioneer in computing and stands out for its strong foundation in peer-reviewed research and commitment to security and sustainability.

Since its inception in 2015, Cardano has secured its spot among the top cryptocurrencies, making it a noteworthy option for traders.

Cardano has been moving sideways for the past three weeks, but here's what you need to know:

• Entry Point: Initiate a long position if ADA surpasses $0.75 on Bybit. This indicates upward momentum.
• Take Profit (TP): Set your profit target between $1.18 and $1.25. Exit here to maximize gains.
• Stop Loss: Place a stop loss just below $0.68 to minimize potential losses.

Be alert: The market shows signs of heating up, hinting at an upcoming correction. It’s essential to closely monitor and manage your risk.

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2. Internet Computer (ICPUSDT)

The Internet Computer (ICP) is a visionary project aimed at reshaping the very fabric of the Internet.

By knitting together independent data centers worldwide, ICP challenges the current dominance of giants like Amazon and Google, fostering a decentralized global computing system.

ICP leverages groundbreaking technologies such as Chain Key Technology and Chain Key Cryptography, enhancing scalability while ensuring top-notch security and web speed efficiency.

This innovation paves the way for the development of decentralized applications, contributing to a unique ecosystem.

I'm bullish on ICP in this bull market. Despite its price dip from the dizzying heights of $2,800 at its 2021 launch, there's a grounded optimism.

The target? A more achievable high from September 2021 is around $85.00, steering clear from speculative peaks.

Strategic Entry and Exit Points:

• Entry Point: Look for ICP's price to dip into the sweet spot between $11.00 and $12.00 – that’s your cue to make a move and enter a long spot trade.
• Take Profit (TP): TP1: Cash out 25% of your position when prices hit the $14.00 - $15.75 resistance zone. That's a neat 27% - 43% gain. TP2: Say goodbye to the remainder of your stash as ICP hits the $22.00 - $23.50 resistance area, aiming for a whopping 100% - 114% profit.
• Stop Loss: Safety first! Place your stop loss just below $10.60 to keep your capital snug and secure.

Remember, patience is your ticket to potentially lucrative trades.

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3. Cosmos Hub (ATOMUSDT)

Cosmos Hub leverages the power of Tendermint BFT to achieve lightning-fast transactions, reaching finality in just about a second and processing thousands per second.

This cosmic speed makes the network exceptionally efficient and scalable.

ATOM isn't just a currency within the Cosmos; it's the fuel that powers the entire ecosystem.

It acts as a guard against spam, a token for transaction fees, and a stake in the network's governance and security.

With the rollout of ATOM 2.0, the Cosmos Hub is evolving into a vast infrastructure service platform, further boosting ATOM's utility and, potentially, its demand.

Setting Your Entry and Exit Points:

• Entry Zone: Set your sights between $12 and $14. This range is your launchpad.
• Stop Loss Strategy: Soft Stop: If ATOM's daily closing price dips below $12, consider your exit strategy. Hard Stop: If the price plunges below $10, it's time for an emergency landing.
• Take Profit (TP) Points: TP1: Aim for $17. Exiting part of your position here secures initial gains while allowing for further exploration. TP2: Set sights on the $21 to $22 zone. This is your mid-journey milestone, a perfect point to reassess and secure more profits. TP3: The ultimate destination - $31. Landing here marks a massive 350% journey from your entry point, a true cosmic voyage.

Remember to stay vigilant, adjust your course as needed, and let the stars guide you to prosperity.

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4. Polygon (MATICUSDT)

Polygon offers a unique combination of Ethereum's robust security and independent blockchain speeds.

This effectively solves issues like slow transaction speeds and high gas fees without compromising on security.

Polygon's secret weapon? The zkEVM, or Zero-knowledge Ethereum Virtual Machine.

This piece of tech wizardry uses layer-2 solutions like Zero-Knowledge Rollups to turbocharge transactions, slashing costs without losing the Ethereum touch.

This means developers can wave a magic wand and migrate their projects seamlessly, pushing Polygon’s ecosystem to new heights.

While some Layer 2 coins have been performing well in the past weeks, MATIC has not, pacing within a resistance zone.

But don’t be fooled; this sleeping giant is just waiting for the right moment to break out.

Your trading strategy:

• Entry Point: Keep your eyes peeled for a breakout above $1.25. When MATIC clears this hurdle, it's time to leap into action and enter a long spot position.
• Take Profit (TP) Targets: Aim to harvest profits between $1.50 and $1.60. This range represents a solid 20% to 28% gain, a sweet spot for securing returns while the momentum builds.
• Stop Loss: Safety first! Place your stop loss just below $1.20.

As Polygon continues to evolve, blending Ethereum's might with unparalleled speed, MATIC represents a burgeoning ecosystem in the vibrant world of Layer 2 solutions.

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5. Kaspa Network (KASUSDT)

Kaspa introduces a novel blockDAG framework, enabling transactions to be processed in parallel. This innovation leads to unmatched scalability and speed without sacrificing security.

Thanks to its GHOSTDAG protocol, Kaspa addresses the blockchain trilemma by offering fast transactions, high throughput, and decentralized mining.

Kaspa is distinguished by its fair launch: no private sales, presales, or pre-mining, ensuring a democratically distributed network from the start.

KAS Trading Strategy:

• Entry Point: Engage at the current support level of $0.14, where Kaspa has been stabilizing.
• Take Profit (TP): TP1: Take 25% off at $0.155, the top of the current range. TP2: If surpassing this level, aim for $0.1825 - $0.19 for the remainder (yielding a 30% - 36% profit).
• Stop Loss: Implement just below $0.145 to mitigate risks.

This approach taps into Kaspa's potential while safeguarding against sudden market shifts.

Sign-up and trade on Bybit today.

Exclusive $30,000 deposit rewards and bonuses up for grabs!

6. Bittensor (TAOUSDT)

Bittensor is not just another crypto project; it's a visionary platform at the intersection of blockchain and artificial intelligence.

It crafts a unique ecosystem for decentralized AI applications, a burgeoning market as AI technology leaps forward.

In terms of tokenomics, TAO mirrors Bitcoin's finite supply model with 21 million tokens and employs a halving strategy to control emissions.

This ensures long-term value and a fair launch devoid of presales or private sales.

In addition, Bittensor’s consensus mechanism is a blend of Proof of Work (PoW) and Proof of Stake (PoS), distributing computational resources equitably.

This hybrid approach not only secures the network but also ensures decentralization and efficient resource allocation.

Strategic Trading Insights:

TAO has shown impressive growth, transitioning from resistance to support levels.

A retracement is anticipated, presenting a buying opportunity in the $400 - $480 zone. This period is crucial for observing potential rebounds or continued upward movement.

Keep an eye on the price as it approaches this zone.

A "change of character" in price action or acceptance back above $382 should signal your entry, aligning with the anticipation of further ascents.

As AI continues to evolve, the intersection with blockchain through platforms like Bittensor could unveil new horizons for crypto traders.

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Exclusive $30,000 deposit rewards and bonuses up for grabs!

7. Celestia (TIAUSDT)

Celestia stands out in the blockchain space as a "modular blockchain," a groundbreaking approach that separates the blockchain's components to specialize in distinct functions.

This specialization drives significant advancements in scalability, flexibility, and interoperability. It paves the way for developers to craft applications ready for mass adoption.

In addition, Celestia's approach to token distribution and rewards cultivates an active community and a thriving ecosystem. This encourages ongoing development and user engagement.

Best of all, holding TIA tokens allows you to participate in the network's decision-making process, promoting a decentralized and democratic governance model.

TIA has recently transformed its $15 resistance level into support, consistently holding above the 100 Day Moving Average.

Given its current position 30% below its All-Time High, TIA exhibits strong potential for entering a new phase of price discovery.

Entry Strategies:

• Entry 1: Position yourself between $14 and $17, capitalizing on the current support level.
• Entry 2: Increase your stake with a confirmed trend change, indicated by the price solidifying above $17.
• Entry 3: Utilize dips caused by liquidation hunts to add to your position at strategic levels of $11.50 and $8.50.

Risk Management: Implement a stop loss for daily closes below $14 to minimize exposure. If TIA dips below $11, consider exiting to preserve capital.

Profit Targets:

• TP1: Aim for a retest of the All-Time High around $21.
• TP2: Set your sights higher at $27.
• TP3: Adjust based on the high time frame (HTF) trend's behavior.

Investing in Celestia allows you to be part of a paradigm shift towards a more accessible, scalable, and user-empowered blockchain landscape.

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Exclusive $30,000 deposit rewards and bonuses up for grabs!

8. Sei (SEIUSDT)

Sei is pioneering in the crypto space by working on The Parallel Stack to increase Ethereum's transaction speed and efficiency.

By pushing for higher transactions per second (TPS), Sei aims to carve out a significant niche within the Ethereum ecosystem.

Since its introduction, Sei has seen an impressive ascent in value, reaching an all-time high of $1.14 in March 2024, showcasing strong market trust and potential.

What sets Sei apart is its distinction as the first sector-specific Layer 1 blockchain, fine-tuned for trading.

This specialization is a boon for decentralized exchanges and their clientele, offering unmatched trading efficiency and speed.

Strategic Trading Guide for SEI:

SEI is currently demonstrating robustness amidst market fluctuations.

If SEI stabilizes above its support level, anticipate a move towards new highs in a fresh round of price discovery.

Entry Window: Optimal entry points are between $0.83 and $0.9, positioning you well for the anticipated upward trajectory.

Profit Targets:

• TP1: Set your first target at $1.2, locking in gains while the market momentum builds.
• TP2: Aim for a higher profit at $1.5, leveraging SEI’s potential for growth.

Risk Management: Set a stop loss if SEI falls below $0.68 on a daily close to protect against unexpected downturns.

In the dynamic realm of crypto trades, Sei represents a paradigm shift towards sector-specific blockchain solutions, especially in the trading domain.

Sign-up and trade on Bybit today.

Exclusive $30,000 deposit rewards and bonuses up for grabs!

Choosing the Best Crypto Trades

Selecting the right crypto trades can feel like navigating through a dense fog. But fear not, with the right compass, you can chart a course to success.

Here are five essential factors to guide your voyage:

1. Project Fundamentals

Start by exploring the bedrock of the cryptocurrency - its purpose, technology, and the team behind the project.

Is it solving a real-world problem? How does it stand out in the crowded market?

Think of this as checking the sturdiness of your ship before setting sail.

2. Market Sentiment and Trends

The crypto sea is swayed by the winds of market sentiment. Use tools like social media analysis, market trend reports, and sentiment indicators to gauge the mood of the market.

Are the winds favorable, or is a storm brewing? Sensing the market's mood can be as crucial as reading the weather.

Read more on 10 Factors Influencing Cryptocurrency Prices in 2024

3. Volume and Liquidity

Volume and liquidity are your navigational stars, guiding you through the market's ebbs and flows.

High trading volume and liquidity mean smoother sailing, enabling you to enter and exit trades with ease.

A liquid market is like a clear sea; it's easier to navigate and less risky.

4. Technical Analysis

Charts and technical indicators are your map and compass. They can help predict future price movements based on historical data.

Look for patterns, trends, and signals that indicate the right time to trade.

But remember, the map is not the territory; use technical analysis as a guide, not gospel.

Read more on Crypto Technical Analysis: How to Read Cryptocurrency Charts

5. Risk Management

Last but definitely not least, never set sail without a life jacket. Decide on your risk tolerance and set stop-loss orders to protect your investments.

Diversify your portfolio to spread the risk, never investing more than you can afford to lose.

Remember, even the most seasoned sailors respect the sea's might.

By considering these factors, you’re not just choosing a crypto trade; you're well-armed to select what crypto to trade in a vast sea of options.

Read more on 8 Steps to Find New Crypto Trades (Coins) in 2024

Conclusion

Deciding what crypto to trade in 2024 requires more than a leap of faith; it's about making informed choices.

We've navigated through the digital tides, uncovering eight promising crypto trades to consider.

But remember, the crypto seas are ever-changing. Equip yourself with knowledge, stay adaptable, and always manage your risks.

By now, you should feel empowered to dive into the crypto trades with confidence.

Here's to your success in the dynamic world of cryptocurrency trading! Let the adventure begin.

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What Crypto to Trade FAQs

How do I start crypto trading?

Begin by choosing a reputable exchange, verifying your account, depositing funds, and making your first trade with a clear strategy in mind.

What crypto to trade for beginners?

Start with well-known cryptocurrencies like Bitcoin and Ethereum, as they offer liquidity and lower volatility compared to lesser-known coins.

How do you trade crypto to money?

Sell your crypto on an exchange and withdraw the fiat currency to your bank account or digital wallet.

Is crypto good for daily trading?

Yes, crypto can be suitable for daily trading due to its high volatility and 24/7 market access, but be aware of the risks and ensure proper risk management.