Cryptocurrency

5 Most Trending Cryptos to Buy Now – BONK, SOL, BAKE, BTC, SPONGEV2

Market Trends

The crypto markets entered a bullish phase a few weeks back, resulting in impressive gains for popular cryptocurrencies. Most altcoins have reported gains in the past month, but a few tokens, such as BONK, SOL, BAKE, and BTC, are gaining more than most. BONK has seen gains of up to 500% in one month, outperforming most of the market.

However, BTC is also reporting gains and is expected to grow steadily throughout 2024. The following guide will cover the five most trending cryptos to buy before the end of the year, with SPONGEV2 as the best investment right now. 

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1. Sponge Token V2 ($SPONGE) – New Version of a Popular Meme Coin with High Utility

The $SPONGE token was one of the biggest gainers in the meme coin market in 2023. It saw gains of over 2,000% days after going live, but the lack of utility and real-world use cases quickly pushed the token back to its starting point. However, the developers didn't give up on their platform, so they announced the release of $SPONGEV2, a new version of the coin that will act as the utility token for a new Play-2-Earn game.

However, the only way to get $SPONGEV2 tokens is to buy $SPONGEV1 and stake them to get V2's in return. The platform uses the Stake-to-Bridge reward mechanism to give out $SPONGEV2 over the next 4 years. The minimum APY is 40%, so you'll get many more V2s than the V1s you stake. The new version of the token gives you a perfect opportunity to invest in the next 100x gain cryptocurrency that will repeat the impressive gains of its predecessor in 2024. 

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2. Bonk (BONK) – Meme Coin Built on the Solana Blockchain With Massive Gains in 2023

BONK is a unique meme coin built entirely on the Solana blockchain. It went live in early December 2022 but failed to make any gains for a year. However, the token exploded overnight in late November 2023, gaining over 750% in days. The massive gains are truly impressive, and BONK quickly became one of the best investment options on the market.

BONK tokens are now available on all major exchanges, and the massive gains they made resulted from the recent announcement that the token will become available on Coinbase. The token aims to become a community coin on Solana, giving it high utilization and helping drive its prices much higher than anyone thought. 

It's currently the third-largest meme coin by market cap, right behind DOGE and SHIB, and it saw an increase of over 17,000% in 2023 alone. Even the most pessimistic price predictions say that the token will double in value in 2024, so adding a few thousand BONK to your portfolio is an absolute must.

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3. Solana (SOL) – Ethereum's Main Competitor Reaching $100 After 18 Months,

Solana made its name as Ethereum's main competitor. It offers faster transaction speeds and lower fees, becoming the go-to choice for dApp developers looking to cut costs. The platform's business model attracted investors in mass in 2020 and 2021, but as the markets entered a bearish phase in 2022, SOL tokens dropped from over $240 to as low as $10. 

However, the platform made a slow comeback throughout 2023, but it took off just as BONK started making impressive gains in late November. Other tokens built on the Solana blockchain saw smaller gains, but they all combined to help push the price of SOL tokens from $24 to $100. Solana entered a bullish phase, and almost all experts and investors expect to see it outperform crypto markets for a few more weeks. 

The platform gained over 73% in the past month and keeps growing steadily due to the tokens built on its blockchain. It will likely stay one of the best cryptos to hold on to in Q1 of 2024, so don't miss your chance to invest right now to get the highest returns in the next few months.

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4. BakerySwap (BAKE) – Native Crypto of the BakerySwap DEX On The Way to the Moon

BAKE, the native token on a popular crypto exchange called BakerySwap, has seen some of the highest gains in the crypto space in the past month. The token gained over 220% in the past month and over 93% in the past week. Moreover, BAKE tokens keep gaining value daily, and they practically doubled in value, reaching prices of over $0.45 in the past month.

The price surge resulted from BakerySwap announcing their new launchpad project on BRC20. The announcement on X got over 180,000 impressions, and naturally, BAKE tokens exploded. The third largest BAKE token holder deposited 4.38 million tokens to Gateio. valued over $1.4 million, pushing the crypto's value to the current price level. 

The sudden gains led many investors to believe that the altcoin season is about to take off, and many experts say that the token will reach $0.75 in the next year. It might not be a 100x gain potential token, but BAKE is still an investment option that will likely help you get higher returns in the next 12 months. 

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5. Bitcoin (BTC) – World's Most Valuable Cryptocurrency Gearing Up for a Bull Run 

Bitcoin is and has been the most popular and highest-valued cryptocurrency on the market in the past ten years. BTC tokens are considered the gold standard of cryptocurrencies, and they proved to be highly resilient despite the countless issues that negatively impacted crypto markets.

The world's highest-ranked crypto saw gains throughout 2023. It entered the year below $17,000 per token, and it will likely close it with prices of over $44,000. BTC gained over 160% in the past year but is expected to keep growing steadily in 2024. 

The platform will get the next halving event in late Q1 of 2024, and with rumors about BTC Spot ETF trading getting approval soon, the token will likely surge to over $130,000 in the next year. Not adding BTC to your portfolio could make you miss one of the best crypto investment opportunities ever.

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Final Words

The five tokens we covered above are the most likely investment options to help you multiply your investments in 2024. However, if you want to invest in the highest potential and lowest risk crypto, our vote goes to $SPONGEV2, a new version of a popular meme coin that made over 2,000% gains earlier this year. Buy and stake $SPONGE today to get SPONGEV2 early to get the highest returns in 2024 and beyond.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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