The crypto market is full of opportunity and risk. Join me as we explore the 12 best crypto to buy for the bull market.

As we tread this bull market, I can’t help but watch from the sidelines as fortunes are made and lost overnight. Like most crypto enthusiasts, I have watched the market with a tinge of FOMO (fear of missing out). The crypto market is a mix of emotions, a digital frontier that is both exciting and terrifying, a market of opportunity fraught with risk.

Why listen to me, you ask? With seven years of experience in the crypto market, my journey through the realm was not just a casual stroll but a deep dive into financial technology. I have watched the market’s highs and lows, made bets that paid off handsomely, and survived two major exchange downfalls, BTCe and FTX. I advocate for a balanced portfolio that includes established cryptocurrencies and promising new projects within the rails of risk management. 

How To Pick Coins                                                                                 

Here are the key factors I consider when selecting a cryptocurrency to invest in:

• Market Cap: Market cap defines a cryptocurrency market valuation at a particular time. High-cap cryptocurrencies are more stable than lower-cap cryptocurrencies but present significant growth opportunities.
• Technology: Every cryptocurrency is as good as its underlying blockchain technology. The technology defines a cryptocurrency architecture, security, and scalability. The stability of a blockchain is critical to its potential for long-term success and adoption.
• Liquidity: Liquidity means making significant trades without affecting the market. Therefore, a cryptocurrency with high liquidity has a healthy order book and is preferable.
• Use Case: What is the purpose of the cryptocurrency? What value does it bring in the real world? Use cases include governance voting, fast payments, transaction fee payment, and enabling decentralized finance.
• Tokenomics: Tokenomics refers to the economics of the cryptocurrency. It shows the coin’s distribution and allocation to its creators, early investors, and community. Tokenomics is vital since it plays a role in determining its viability.

Here is a step-wise process when selecting the right cryptocurrency:

1. Scan the market to identify emerging trends and investment opportunities.
2. Study the project’s whitepaper, roadmap, and other technical aspects to understand their innovation.
3. Check the project’s community and developer engagement on social media platforms. An active developer community is a green light.
4. Analyze the cryptocurrency’s past performance and check how it weathers market volatility. Tools like Coinmarketcap and TradingView can help you with this.
5. Consider the cryptocurrency regulations in your area regarding its adoption and use.

Comparison Table

Here is a general comparison of the 12 best crypto to buy for the bull market: 

Cryptocurrency	Use Case	Tokenomics	Development Team	Market Cap	Market Position
Bitcoin (BTC)	Digital gold, store of value	Capped supply of 21 million	Decentralized, open-source	$1.4 trillion	#1
Ethereum (ETH)	Smart contracts, dApps	Deflationary with ETH 2.0	Large, open-source	$471.5 billion	#2
Binance Coin (BNB)	Exchange utility, fees, and dApps on Binance Smart Chain	Burn mechanism to reduce supply	Binance team	$79.17 billion	#4
Solana (SOL)	High-speed dApps and crypto transactions	Inflationary with a decreasing rate over time	Solana Labs, open-source	$64.26 billion	#5
Ripple (XRP)	Fast international transactions	Pre-mined, finite supply	Ripple Labs	$33.67 billion	#6
Cardano (ADA)	Eco-friendly smart contracts and dApps	Capped supply, staking rewards	IOHK, open-source	$25.7 billion	#8
Dogecoin (DOGE)	Tipping, charitable donations, some payments	Inflationary, no cap	Open-source, community-led	$24.91 billion	#9
Sui	Scalable dApps, asset ownership	Capped at 10 billion tokens	Mysten Labs	$1.93 billion	#63
Avalanche (AVAX)	DeFi, dApps, custom blockchain networks	Capped supply, staking rewards	Ava Labs, open-source	$15.99 billion	#11
Internet Computer (ICP)	Decentralized web hosting and services	Controlled by Network Nervous System	DFINITY Foundation	$6.57 billion	#20
Arbitrum (ARB)	Layer-2 scaling solution	Capped at 10 billion tokens	Offchain Labs	$2.64 billion	#50
Chainlink (LINK)	Decentralized oracle, Data aggregator	Capped at 1 billion tokens	Global team of developers	$11.65 billion	#15

12 Best Crypto to Buy for the Bull Market

Bitcoin

Specification	Details
Use Case	Digital gold, store of value
Tokenomics	Capped supply of 21 million
Development team	Decentralized, open-source
Market Capitalization	$1.4 trillion
Market Position	#1

Bitcoin (BTC) has grown significantly since its inception. For instance, Bitcoin was worth $500 in 2016 and has increased considerably to reach the $70,000 mark in 2024. The value of Bitcoin is driven by scarcity and growing demand, and its volatility is influenced by market sentiment and macroeconomic factors. In retrospect, buying Bitcoin to hold for the long term is a ‘sure’ strategy to beat the market.

Bitcoin is an invention of the pseudonymous Satoshi Nakamoto. Nakamoto envisioned Bitcoin as a peer-to-peer electronic cash system without a central authority. He saw it as an alternative to conventional fiat currencies, with lower transaction fees. Being the first cryptocurrency, it had the first-mover advantage and is now the largest crypto by market capitalization.

Market capitalization = Circulating supply * price 

The coin’s market cap has fluctuated greatly over the years but has maintained the first position. 

Use Case

Here are some of the most common Bitcoin uses:

• Speculation, trading, and investing, the coin’s trading volume regularly exceeds $300 billion daily.
• Purchasing goods and services in online stores.
• Used for funding crypto casinos and cashing out winnings.
• Store of value, like gold, only digital.
• Settling transaction fees on the Bitcoin blockchain.

Tokenomics

The Bitcoin supply has a cap of 21,000,000 coins, with 19,648,206 in circulation. The capped supply mimics the limited supply of precious minerals, contributing to its appeal as a hedge against inflation.

The mining process (confirmation of Bitcoin transactions) releases new Bitcoins into circulation by awarding them to miners who contribute computing power to validate transactions.

Development Team

While we credit Bitcoin to Nakamoto, the project is maintained by a decentralized network of developers today. The developers contribute to the project’s documentation, security, and scalability through open-source development.

Community Support

The Bitcoin community comprises developers, enthusiasts, investors, and businesses. Crypto Twitter is ever active with ‘Bitcoin Marxists’ and ‘degens.’ Other engagement platforms include social media, conferences, and forums. 

Security and Transparency

The Bitcoin blockchain is unhackable, considering the brute amount of computing power that could compromise the blockchain. The network’s decentralized nature and proof of work consensus ensure the transactions are secure and immutable. Transaction transparency is inherent in the blockchain, and its open-source nature means anyone can review its code.

Ethereum

Specification	Details
Usecase	Smart contracts, dApps
Tokenomics	Deflationary with ETH 2.0
Development team	Large, open-source
Market Capitalization	$471.5 billion
Market Position	#2

ETH launched as an ICO, with each coin selling at $0.31 in 2014, raising about $16 million. The coin has since ballooned, reaching its all-time high at $4,891 in 2021. ETH is showing promise in this bull run, with predictions showing it will cross $40,000 in 2024. You can purchase Ethereum from any of the top tier exchanges.

Unlike Bitcoin, the brains behind Ethereum are well known. Vitalik Buterin launched the Ethereum network in 2015, a decentralized platform that allows for the creation of smart contracts and decentralized applications (DApps).

A key milestone of Ethereum is its Ethereum Virtual Machine (EVM). The EVM is decentralized and turing-complete, allowing anyone to build efficient, less resource-intensive blockchain applications.

Market Position

Ethereum is second to Bitcoin regarding market capitalization and is renowned for supporting decentralized applications and smart contracts. These are applications built on top of the Ethereum blockchain. Ethereum accounted for 59% of the total value locked across all chains at $55.7 billion at press time. The coin’s significant liquidity and trading volumes testify to its strong position and widespread adoption.

Use Cases

Here are some real-world use cases for Ethereum:

• Settling transaction fees on the Ethereum blockchain.
• Staking to earn passive income while securing the network.
• Minting, purchasing, and selling Non-fungible tokens (NFTs) on the Ethereum blockchain.
• Peer-to-peer transactions.

Tokenomics

Unlike Bitcoin, Ethereum is inflationary and, therefore, does not have a fixed supply. In August 2021, the Ethereum community passed the Ethereum Improvement Proposal (EIP) -1559, which implemented a mechanism to burn a portion of transaction fees, introducing a deflationary aspect to its tokenomics.

The validation of transactions introduced new tokens to the system as rewards for validators. Unlike Bitcoin, Ethereum transitioned from the energy-intensive proof of work consensus mechanism to the more sustainable proof of stake mechanism.

The new proof of stake Ethereum is geared for more upgrades in the future that aim to improve its security, scalability, and sustainability.

Development Team

The development of Ethereum is open source, and token holders have a governance right to vote on its development through EIPs. The team is vast and decentralized, with core developers and contributors across the globe. The Ethereum Foundation plays the role of coordinating the efforts, development, and research within the ecosystem.

Security and Transparency

The Ethereum blockchain is highly secure thanks to its decentralized nature. The only downside is the vulnerability of smart contracts communicating with the Ethereum layer. Vulnerabilities in the smart contracts have contributed to the loss of millions of money from the system. The Ethereum blockchain is transparent and open source; anyone can review code and analyze transactions on an Ethereum explorer.

Binance Coin (BNB)

Specification	Details
Usecase	Exchange utility, fees, and dApps on Binance Smart Chain
Tokenomics	Burn mechanism to reduce supply
Development team	Binance team
Market Capitalization	$79.17 billion
Market Position	#4

Like Ethereum, BNB has performed exceptionally since its initial coin offering (ICO). The coin shot up through the ranks and is at #4, thanks to the strong team of developers and team leaders at Binance. This bull run has witnessed the coin shoot up 184% in the last 12 months. Other than Binance, you can purchase BNB on the Paybis exchange.

Binance Coin (BNB) is the native currency of the Binance exchange, the largest by trading volumes, and is famous for its high liquidity. BNB launched through an initial coin offering in 2017 with 100 million coins to the public at $0.15 each. The coin was initially an ERC-20 token on Ethereum but migrated to its own Binance chain in 2019.

Market Position

BNB is a mega altcoin; at press time, it was at position #4 after the USDT stablecoin. The popularity of Binance has increased the coin’s utility beyond subsidizing transaction fees. The coin’s high liquidity points to its widespread use and adoption.

Use Cases

The primary utility of BNB is within the Binance exchange. Others include

• Subsidizes trading fees for its holders.
• For staking on the Binance launchpad to receive new tokens,
• Participation in exclusive token sales and offerings.
• Funding bets on online casinos, such as Wild.io and Casinobit.
• Settling transaction fees on the Binance chain.

Tokenomics

BNB launched with a 200 million token supply. Part of the profits is used to purchase and destroy (burn) BNB tokens, reducing the circulating supply over time. This move introduces the deflationary aspect of the token.

At launch, 100 million tokens were sold to the community (ICO), with the rest distributed to angel investors and the team. The ICO raised $15 million.

Development Team

The Binance Chain is a community-driven, open-source, decentralized ecosystem. It, therefore, does not have a specific development team but rather a community of contributors and developers.

BNB Chain supports its developers and builders through different grants, incentives, and programs.

Security and Transparency

The Binance platform employs robust security measures to protect its users, including proof of reserves showing the funds they hold. A compromise on the Binance exchange can have a detrimental effect on BNB’s price. Like other blockchains, BNB transactions are transparent and immutable. 

Solana (SOL)

Specification	Details
Usecase	High-speed dApps and crypto transactions
Tokenomics	Inflationary with decreasing rate over time
Development team	Solana Labs, open-source
Market Capitalization	$64.26 billion
Market Position	#5

Despite the occasional outages of the Solana network, Solana has demonstrated an ability to rebound. The last quarter of 2023 marked a significant turnaround for the coin, as it crossed above $120 for the first time since April 2022. This resurgence reflects the market dynamics and underlying strength and improvements within the Solana network. Traders who bought Solana, a  year ago, their portfolios are up 700%, making Solana the best-performing mega-altcoin. 

Solana is the brainchild of Anatoly Yakovenko, designed to solve the blockchain trilemma of security, decentralization, and scalability. The argument is that no blockchain can achieve all three without compromising one. Yakovenko proposed using innovative technologies such as Proof of History (PoH) and Turbine, a block propagation protocol, to create a fast, secure, and scalable blockchain.

Market Position

Solana takes #5th after BNB by market capitalization, with a significant TVL of $3.163 billion. Solana seeks to rival Ethereum by providing low transaction fees and high throughput, features that have helped it attract many DeFi projects and DApps. 

Use Case

The SOL token has several use cases:

• Paying transaction fees on the Solana blockchain.
• Staking on delegator nodes to earn passive income.
• Supports high-usage DApps on the Solana blockchain.

Tokenomics

The initial distribution of SOL was divided among various stakeholders, including seed sale participants, founding members, and the public. The supply of SOL is uncapped with a unique disinflationary emission rate, and it’s expected to reach 700 million tokens by 2030. Solana also conducted several funding rounds, raising millions of dollars. The platform’s annual inflation rate is currently 5.451% and will decrease by 15% yearly. These tokenomics are integral to Solana’s growth and sustainability.

Development Team

The Solana Foundation is a non-profit foundation based in Zug, Switzerland, dedicated to decentralizing, securing, and adopting the Solana ecosystem. Notable foundation members include Patrick von Felten, Leopold Schabel, Mable Jiang, Raj Gokal, and Wolfgang Albrecht. The team provides resources and information for building on Solana, including developer courses, tutorials, guides, and tools^. The Solana team aims for a fast, secure, and censorship-resistant blockchain that provides the open infrastructure required for global adoption.

Ripple (XRP)

Specification	Details
Usecase	Fast international transactions
Tokenomics	Pre-mined, finite supply
Development team	Ripple Labs
Market Capitalization	$33.67 billion
Market Position	#6

Ripple (XRP) showed strong performance as an investment, experiencing its first significant bull run in 2017 when it rose from $0.2 to its all-time high at $3.84. Much recently, it followed the market’s sentiment as it registered over 70% gains in the last 12 months. A major influencer of XRP price is the suit by the United States SEC against XRP. Wins by XRP have seen it soar over the past year. Day traders follow the proceedings closely in order to time their Solana purchase.

Ripple was developed to establish a global financial settlement system by enabling secure, instant, and near-zero transaction fees. The Ripple network/ architecture is designed to allow for digital transactions and uses XRP as its native token. 

Market Position

XRP is #6, consistently ranking among the top cryptocurrencies by market capitalization. Ripple is popular with financial institutions and promises exciting applications for CBDCs, contributing to its strong market position. The coin also registers substantial daily trading volumes testament to its widespread use.

Use Case

XRP has several uses:

• Facilitating quick and low-cost international money transfers.
• Transacting small daily payments.
• Paying for online purchases
• Banks can use it for transacting and as a bridge currency.
• Sending money across borders.

Tokenomics

In 2012, Arthur Britto, one of the original developers of the XRP ledger, generated 100 billion XRP. Founders received 20% of this amount. Five years later, Arthur put 55 billion XRP into escrows, releasing billions of XRPs to Ripple monthly.

Development Team

The Ripple development team is led by significant figures such as Brad Garlinghouse (CEO), Chris Larsen (co-founder), and the president, Monica Long. 

Other key players include Eric Van Miltenburg, the Senior Vice President of Strategic Initiatives; Kiersten Hollars, the SVP of People, Places, and Communications; Devraj Varadhan, the EVP of Engineering; Eric Jeck, the SVP of Corporate Development and Stuart Alderoty, the Chief Legal Officer. All these individuals are crucial in forging partnerships with financial institutions and promoting the adoption of the Ripple ledger.

Security and Transparency

Ripple employs robust encryption techniques and secure data storage protocols to protect transactions. The XRP ledger is verifiable on the decentralized blockchain network, ensuring transparency during remittance. Ripple also employs an interledger-based solution to improve the messaging and tracking of actual payments.

Cardano

Specification	Details
Use case	Eco-friendly smart contracts and dApps
Tokenomics	Capped supply, staking rewards
Development team	IOHK, open-source
Market Capitalization	$25.7 billion
Market Position	#8

Cardano started at $0.9511 during its ICO. They quickly garnered market share due to its innovative technology. The coin soared, reaching its all-time high of $260 in 2021. The last quarter of 2023 also saw a significant turnaround for the coin as it rose above $120 for the first time in years. Traders who bought ADA a year ago, their portfolio is up 140%, a run that has helped it secure a top 10 position by market capitalization.

Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson and developed by the Input-Output Hong Kong (IOHK) team. Cardano is unique for following a scientific approach during development, including peer-reviewed academic research. Like Solana, Cardano also seeks to solve the blockchain trilemma of achieving scalability, security, and decentralization without compromise

Market Position

Cardano is #8 by market capitalization, reflecting its widespread adoption and interest within the crypto community. Cardano, however, falls below the position ten thresholds by TVL, $489 million. Nevertheless, it still enjoys high trading volumes and developer engagement.

Use Cases

Cardano (ADA) has several uses:

• Staking ADA helps secure the network.
• Transacting on Cardano’s smart contracts.
• Holders can run their stake pools to increase their reward chances.
• Paying the Cardano network transaction fees.
• Governance of the Cardano ecosystem.

Tokenomics

The initial distribution of ADA was allocated to the ICO (57.60%), the team (11.50%), and staking rewards (30.90%). The token was launched on September 29, 2017, with a maximum supply capped at 45 billion ADA and an inflationary emission rate. Cardano raised funds through several rounds, with the public sale taking place in four tranches from November 2015 to February 2017, raising $59.19 million.

Development Team

Cardano is designed by a global team with expertise ranging from distributed systems to programming languages and game theory. IOHK and partners jointly develop it. IOHK develops the technology, the Cardano Foundation supervises the development and promotes Cardano, while Emurgo drives commercial adoption. When the network becomes fully decentralized, it will belong to the community, and it will be the community that decides its future through advanced governance features.

Dogecoin (DOGE)

Specification	Details
Usecase	Tipping, charitable donations, some payments
Tokenomics	Inflationary, no cap
Development team	Open-source, community-led
Market Capitalization	$24.91 billion
Market Position	#9

DOGE has made fun of the crypto market, a meme token that has since grown significantly maintaining a top 10 position. Despite registering high volatility, the coin has maintained a general bull run in the last three months. The coin is up 100% in the previous 30 days and shows no signs of reversal over the short term. DOGE is listed on many cryptocurrency exchanges.

Billy Markus and Jackson Palmer developed DOGE in 2013 as a light-hearted alternative to the conventional feature-rich with utility cryptocurrencies. The coin’s logo is modeled after the Shiba Inu dog meme. While it started with humble beginnings, the coin’s community has grown tremendously, amassing a larger capitalization than famous projects like Avalanche, Polygon, and Tron.

Market Position

The vibrant meme coin is a mega-altcoin with a market capitalization of $23 billion at press time at #9. The coin does not support the development of DApps and, therefore, has zero TVL. The coins’ significant trading volumes, community following, and market cap testify to their high utility.

Use Case

DOGE has evolved from its meme origins to curve out a use case for itself. These include

• Payment to merchants who accept DOGE.
• DOGE for tips on social media platforms like Reddit.
• Value transfer across borders thanks to its low fees and fast settlement.

Tokenomics

Unlike other cryptocurrencies that held ICOs, DOGE was simply mined from the start. The coins model is inflationary, with 10,000 coins rewarded for each mined block. The coin does not have a burn mechanism; 143 million DOGE coins were in circulation at press time.

Development Team

Billy and Jackson worked on DOGE during its early days but later left, leaving the project to a team of volunteers who maintain the repository. Development on Dogecoin core is open and permissionless; developers are already working on experimental NFTs and tipping functions on DOGE. You don’t need permission to develop on the Dogecoin Core codebase.

Internet Computer (ICP)

Specification	Details
Usecase	Decentralized web hosting and services
Tokenomics	Controlled by Network Nervous System
Development team	DFINITY Foundation
Market Capitalization	$6.57 billion
Market Position	#20

Internet Computer (ICP) has a grand plan for a global internet that anyone can build online systems and services. The coin closed at a high note in 2023, crossing above $10. This year alone, it is already up 40%. ICP has a high potential for a higher valuation in this bull market.

Internet Computer (ICP) is a blockchain platform seeking to extend the Internet’s functionality, transforming it into a global computing platform. Launched in 2021, ICP has quickly risen to become one of the most highly adopted blockchain platforms. You can deploy your software or application directly on the blockchain with the know-how.

Use cases

The ICP token has several use cases:

• Participation in governance through submitting or voting proposals by staking ICP tokens in neurons
• Paying for computational and storage resources on the Internet Computer.
• Rewarding node operators for securing the network.
• Medium of exchange to pay for goods and services, such as subscriptions.

Tokenomics

ICP had an initial supply of approximately 469 million tokens at launch. The emission rate was 10% for the first year and 5% for the subsequent eight years. The token burn rate depends on usage. The total token supply at launch was 469,213,710 ICP. The Genesis launch of the Internet Computer took place on the 10th of May. During the mainnet launch, ICP token liquidity began propagating to early contributors, seed donors, strategic partners, airdrop participants, developer partners, and team members. The ICP tokens of seed donors, who held 24.7% of the total supply, and early contributors, who had 9.5%, were locked in neurons at Genesis, enabling immediate participation in the Internet Computer DAO. 

Development Team

The DFINITY Foundation is responsible for the Internet Computer Protocol. The team, led by founder Dominic Williams, has deep expertise in cryptography, distributed computing, and blockchain technology. The community also contributes to its open-source projects and governance through the DAO.

Security and Transparency

The ICP blockchain is decentralized, and anyone can verify transactions. The NNS, ICP DAO is fully on-chain, allowing those who have staked their ICP in a neuron to vote on proposals that shape the development of ICP.

Avalanche (AVAX)

Specification	Details
Usecase	DeFi, dApps, custom blockchain networks
Tokenomics	Capped supply, staking rewards
Development team	Ava Labs, open-source
Market Capitalization	$15.99 billion
Market Position	#11

October 2023 marked the beginning of the bull run as we approached the Bitcoin halving and spot ETF approval. AVAX picked momentum, rising from $9 in October to $48 at its peak in 2024- an impressive bull run. The coin shows no sign of reversal at its current position. The high popularity of the coins means its available for purchase on top tier exchanges.

AVAX joins the list of blockchains focused on solving the blockchain trilemma. It was launched in 2020 by Ava Labs, which empowers people to build an open, simple, and democratic Internet of finance.

Market Position

The AVAX price has had an exemplary performance and is only second to Solana on mega-altcoin performance. The coin has a market capitalization of $16 billion at #11. The coin’s TVL at press time stood at $1.05 billion.

Use Case

The AVAX token has several use cases:

• Payment of transaction fees within the Avalanche ecosystem.
• Users can stake AVAX to secure the network in return for more AVAX.
• AVAX holders can vote on governance proposals.
• Means of payment due to its low transaction fees and fast settlement.

Tokenomics

Avalanche (AVAX) has a maximum supply of 720,000,000 tokens. The initial distribution of these tokens is as follows: 50% for Staking Reward, 10% for the Team, 1% for Public Sale Option A1, 8.3% for Public Sale Option A2, 0.67% for Public Sale Option B, 9.26% for the Foundation, 7% for Community & Developer Endowment, 5% for Strategic Partners, 3.5% for Private Sale, 2.5% for Seed sale, 2.5% for Airdrop, and 0.27% for the Testnet Incentive Program. The initial token launch date was on September 21, 2020, and the supply of AVAX is expected to be fully vested by July 2030.

Avalanche also burns all transaction fees to make AVAX scarcer over time. AVAX holders can also vote on how fast coins are minted by adjusting the amount AVAX paid to verify transactions.

Development Team

Ava Labs, the team behind Avalanche, includes computer scientists and experts in cryptography and economics, led by Emin Gün Sirer, a prominent figure in the cryptocurrency space. Their expertise has been instrumental in developing the unique consensus mechanism and architecture of Avalanche.

SUI 

Specification	Details
Usecase	Scalable dApps, asset ownership
Tokenomics	Capped at 10 billion tokens
Development team	Mysten Labs
Market Capitalization	$1.93 billion
Market Position	#63

SUI had a positive reception when it first hit the market in 2023. The initial hype slowly faded but quickly picked momentum in the last quarter of 2023. The coin is up over 300% from 2023’s low and continues to scale higher.

Sui is a blockchain platform by Mysten Labs that was developed to achieve scalability, security, and high throughput for decentralized applications. A unique feature of SUI is that transactions are processed in parallel instead of bottlenecks common in earlier blockchains. Assets can also be stored directly on the SUI blockchain

Market Position

SUI quickly curved a substantial percentage of the market in a relatively short time. The SUI mainnet launched in 2023 and has since amassed a market capitalization of $2 billion at #62. It had a TVL of $535 million at press time, beating Cardano, Algorand, and Aptos.

Use Cases

The SUI token has several use cases:

• You can stake SUI tokens to earn passive income.
• Paying transaction fees on the SUI blockchain.
• Facilitating transactions due to its low fees and fast settlement.

Tokenomics

Sui Mainnet launched on May 3, 2023. The SUI token supply is capped at 10 billion tokens. At the Mainnet launch, roughly 5% of all tokens were circulated, with the remainder being released on a proposed schedule. SUI also launched on the Binance launchpad. All network transactions incur a fee, which is rewarded to participants verifying transactions.

Development Team

Mysten Labs developed the Sui blockchain with a team comprising industry veterans, including former engineers from Facebook’s Diem project. Their expertise underpins the technical innovations and strategic vision of the Sui project. The project is also open source, inviting anyone to participate.

Arbitrum (ARB)

Specification	Details
Usecase	Layer-2 scaling solution
Tokenomics	Capped at 10 billion tokens
Development team	Offchain Labs
Market Capitalization	$2.64 billion
Market Position	#50

DeFi users are opting for this Ethereum layer-2 solution for high scalability and speed, a fact evident in its $3.5 billion TVL. Current analysis suggests a bullish market sentiment with a probable ETH ETF approval fast approaching. 

Arbitrum is the brainchild of Offcahin Labs, created in 2021. It is a Layer-2 scaling solution on Ethereum. A layer-2 enhances its base layer’s capabilities by increasing transaction speed, improving scalability, and adding privacy features.

Market Position

At press time, Arbitrum had a market capitalization of approximately $2.53 billion at #48 with a TVL of $3.5 billion. Arbitrum is the most extensive layer-2 solution, beating layer-1 solutions like Solana, Bitcoin, Polygon, and Avalanche by TVL.

Use Cases

The ARB token has several use cases:

• ARB token holders can vote on governance proposals that affect the operation and evolution of the Arbitrum ecosystem.
• A store of value used for cross-border transactions at low fees.

Tokenomics

The total and maximum supply of Arbitrum is 10 billion tokens. The distribution of ARB was as follows: 17.53% to Investors, 1.13% to DAOs in the Arbitrum Ecosystem, 11.62% to Individual Wallets, 42.78% to DAO Treasury, and 26.94% to Team and Future Team Advisors.

Development Team

Offchain Labs, a New York-based development company, developed Arbitrum. Its founders are Ed Felten, Steven Goldfeder, and Harry Kalodner, former Princeton University researchers with experience in computer science, cryptography, and blockchain.

Security and Transparency

Arbitrum’s code is open source and publicly available for inspection and review. The Arbitrum Foundation serves the ArbitrumDAO community and is governed by it, fostering the growth and development of the Arbitrum ecosystem while remaining accountable to the community.

Chainlink (LINK)

Specification	Details
Usecase	Decentralized web hosting and services
Tokenomics	Capped at 1 billion tokens
Development team	Global team of developers
Market Capitalization	$11.65 billion
Market Position	#15

Chainlink (LINK) solved a major hurdle within the blockchain space, bridging on-chain data with real-world data and allowing smart contracts to interact with external data sources. Chainlink initially worked with Ethereum but has evolved to facilitate communication between blockchains and off-chain data.

Market Position

At press time, Chainlink had a market capitalization of 11 billion and was at #14. The coin has managed to maintain a high trading volume, market cap, and liquidity position since launching in 2019. It is the leading Oracle network in the blockchain space.

Use Case

The LINK token has several use cases:

• Paying validators for securing the network.
• Compensating data providers to provide accurate data updates.
• Acts as collateral placed by data providers to prove their trustworthiness.
• Allows businesses to sell their data in exchange for LINK tokens.

Tokenomics

LINK was initially distributed through an Initial Coin Offering (ICO) in 2017, raising $32 million. 2,600 LINK sold for 1 ETH. 35% was allocated for public sale, 35% for operator incentives, and 30% to support the company. They minted a total of 1 billion LINK.

Development Team

The Global Chainlink development team comprises developers, academics, and enterprise experts with deep experience in cryptography, decentralized systems, and smart contracts.

Some of the advisors to the Chainlink project include:

• Ari Juels, Technical Advisor, Chief Scientist at Chainlink Labs, and Co-Director of the Initiative for CryptoCurrencies and Contracts (IC3).
• Eric Schmidt: Advisor, chairman of Steel Perlot, and former chief executive officer of Google.
• Dan Boneh: Technical Advisor, professor at Stanford University, and head of Applied Cryptography Group.
• Andrew Miller: Technical Advisor, associate professor of computer science at the University of Illinois, and advisor to Zcash and Tezos.
• Christian Catalini: Technical Advisor, Diem co-creator, and Diem Association’s chief economist.
• Jeff Weiner: Advisor, executive chairman of LinkedIn.

Security and Transparency

Chainlink employs thorough security measures for its oracle services, including decentralized data feeds, verifiable sources of randomness, proof of reserves, and security best practices such as cryptographic proofs for data integrity and mechanisms for node operator reliability. 

Step-by-step process of purchasing crypto

Here’s a step-by-step guide on purchasing cryptocurrency on Paybis:

1. Register and log in to your Paybis account.
2. On the top left, click the “Wallets” to access your Paybis wallet.
3. If there are no wallets on the wallet’s screen, you can click the button with a “Plus in the circle” to create a wallet.
4. Enter the cryptocurrency you want to purchase and send to your Paybis wallet. Click on “Buy Bitcoin” (or your preferred cryptocurrency).
5. Choose which wallet the cryptocurrency will be sent to; there are two choices: Your Paybis wallet or an external wallet.
6. Fill in your card details or other payment method details depending on the method of payment chosen.
7. After successful payment, the cryptocurrency is sent to your wallet.

Top Crypto Trends and Narratives

Significant trends and narratives drive this year’s crypto bull run. Top of the list is the Bitcoin Halving, an event that reduces the Bitcoin block reward by half. Previous Bitcoin halving events were accompanied by significant market bull runs. There is also a rise in institutional investments in the crypto market, a testament to its growing adoption.

Here are other narratives to watch out for: 

• Liquid Restaking Tokens that focus on capital efficiency by enabling users to stake the same token and other protocols to secure multiple networks simultaneously.
• Blockchain Modularity that enables you to customize and optimize blockchain networks for specific use cases.
• Layer 2 technologies that improve the scalability and efficiency of blockchain networks.
• Decentralized Physical Infrastructure Networks (DePIN): this trend explores the capabilities and application of the blockchain.
• Real World Assets (RWAs), a narrative that involves tokenizing real-world assets like real estate on the blockchain.
• Adoption of Artificial Intelligence (AI): The use of AI in the crypto space.
• Decentralized Finance (DeFi) 2.0: The next evolution of DeFI, focusing on advanced financial products and services.

These narratives influence investor sentiment, market trends, and adoption of new technologies; however, note that they might also mislead and result in false assumptions and hype FOMO.

Tips for Investing in Cryptocurrencies

Here are some indispensable tips for navigating the crypto market effectively:

• Start with Research:

Don’t just go for the top-performing coins; research and identify why a coin significantly drops or rises. Take time to understand its technology and the benefits it offers to its community. Ultimately, study the current market trends to time your entry more appropriately.

• Diversify Your Portfolio:

Don’t invest all your hard-earned money in cryptocurrencies. Cryptocurrencies are high-risk investments, so only put in what you can afford to lose. Diversification means spreading your investments across different asset classes to protect against unexpected market movements. You can also explore other blockchain assets, such as Non-fungible tokens (NFTs)

• Understand Your Risk Tolerance:

The crypto market is fast and not for the faint-hearted. Consider how much you intend to invest in this highly volatile market. Assess your risk tolerance, and as I stated earlier, invest what you can afford to lose. This move will help you stay calm in turbulent times and protect you from FOMO and panic selling.

• Implement Risk Management Strategies:

Risk management comprises guard rails that protect you during sudden economic downturns. Popular tools include dollar cost averaging, stop-loss orders, and take-profit orders. Regularly review and adjust your investment strategy based on market conditions and financial goals.

• Avoid Emotional Investing:

The crypto market is not rational; other than demand and supply, the market is majorly driven by mere speculation and the fear of missing out (FOMO). Do not let your emotions guide your investments; base them on solid research or better-use trading bots tailored to your trading strategy. Discipline and patience are key in the uncharacteristic crypto market.

• Secure Your Investments:

We can not underestimate the importance of security as a crypto investor. Use reputable exchanges, particularly those with approved trading licenses, to trade your digital assets. Consider using cold storage wallets for long-term holdings, as they protect you against hacks and theft.

• Stay Updated and Adaptable:

The crypto market is ever-changing and driven by the rapid growth of technology and evolving regulations. Follow news sites, Cryptopolitan, and crypto Twitter (X) to stay updated on the latest happenings, as they can profoundly impact your investments.

The tips will help you navigate the complex and rewarding world of cryptocurrency investing with greater confidence and success.

How to Keep Safe When Buying Crypto

Mistakes are expensive in the crypto world. For instance, losing your wallet’s private key means losing access to your digital assets. You can never reverse funds sent to the wrong address. While the reward potential is high, so is the risk. Here are more tips to ensure your crypto journey is profitable and secure.

• Choose Reputable Exchanges:

Choose a reputable exchange, notable mentions include Binance, Bybit, Coinbase, and Paybis. Characteristics of good exchanges include live customer support, KYC-AML regulations,  2-factor authentication, cold storage, and withdrawal allowlists. Research the exchange’s previous hacks and how they emerged from the loss. Don’t allow convenience to make you compromise on security.

• Use Hardware Wallets for Long-term Storage:

Exchanges are convenient when you are an active trader, but not if you want to hold your crypto long-term. Remember, most exchanges hold the private keys to your digital assets; therefore, you do not have control over them. Purchase a hardware wallet like Trezor to store your crypto offline and protect it from hackers. Keep the bulk of your crypto in cold wallets and the rest for active trading in exchanges.

• Beware of Phishing Scams:

Phishing scams are rampant in the crypto realm and come in all forms. Famous examples include offer emails and fraudulent exchange websites available on Google. Treat unsolicited emails as scams, and always double-check the URL of the website you are visiting.

• Secure Your Devices:

Our devices are vulnerable to hacks, mainly when we use them online. Use up-to-date antivirus programs, firewalls, and operating systems to stay protected. The security of your cryptocurrency holdings starts with you.

• Use Multi-Signature Wallets:

Consider using a multi-signature wallet for added security, especially if managing significant amounts of cryptocurrencies. These require multiple private keys to authorize a transaction, reducing the risk of theft since a hacker would need to compromise more than one device or account to access your funds.

•  Avoid Sharing Your Crypto Activities:

In the digital age, information spreads fast. Be cautious about sharing information regarding your investments or holdings online. Revealing details about your crypto assets can make you a target for scammers and hackers.

• Stay Informed About Common Scams:

The crypto industry, while innovative, is also a breeding ground for scams. From Ponzi schemes promising unrealistic returns to fake ICOs (Initial Coin Offerings), awareness of the common types of scams can help you avoid falling victim. Always conduct thorough research before investing in new projects, and be skeptical of offers that sound too good to be true.

Adhering to these security practices can significantly reduce the risks of investing in cryptocurrencies. Remember, in the digital realm, being cautious and informed is your best strategy for safeguarding your investments.

Conclusion

As we wrap up this journey through the best cryptocurrencies to invest in the bull run, I’m reminded of the immense potential and the equally significant risks that come with it. My adventure in the crypto space has been nothing short of exhilarating, filled with lessons learned through both triumphs and setbacks. Sharing these insights with you, from selecting promising coins to safeguarding your investments, is my way of equipping you with the tools needed for success in this volatile market. Remember, the path to profitability is paved with knowledge, caution, and a strategic approach. Let these guiding principles light your way as you embark on or continue your crypto journey. Together, let’s navigate the future of finance, embracing the opportunities that cryptocurrencies offer while staying vigilant against the risks. Here’s to making informed, secure, and prosperous investments ahead in the bull market.