In the last few years, Crypto has become important in finance. Many investors are interested in it. However, understanding the crypto market and making good decisions can take time for new investors. To help with that, we’ve picked out some well-known crypto assets in this blog post. Remember, this list is based on our research and not professional advice. We suggest doing your research before investing in crypto.
After a bumpy ride in 2023, things are getting better for crypto. The US Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs from eleven groups, including big names like BlackRock and Fidelity.
This SEC approval has made regular investors curious about cryptocurrencies. They’re asking, “Where should I invest?” This article talks about the top ten cryptocurrencies to invest in for 2024. Bitcoin and Ether are solid choices, but newer ones like Solana and Injective are also worth considering.
“Get ready, because 2024 looks promising for crypto investors”.
Top cryptocurrency to invest in 2024
| Cryptocurrency | Market Cap | Current Price | Year-Over-Year-Return |
| Bitcoin(BTC) | $1.4 Trillion | $66,221 | 150% |
| Binance Coin(BNB) | $87.3 Billion | $577 | 87% |
| Ethereum(ETH) | $434.8 Billion | $3,254 | 95% |
| Ripple (XRP) | $34.7 Billion | $0.5131 | 25% |
| Dogecoin (DOGE) | $27.9 Billion | $0.1653 | 134% |
| Tether (USDT) | $107.1 Billion | $0.1152 | 0% |
| Solana (SOL) | $78.1 Billion | $154.53 | 767% |
| Polkadot (DOT) | $10.2 Billion | $7.12 | 123% |
| Cardano (ADA) | $15.9 Billion | $8.64 | 0% |
| Toncoin(TON) | $23.1Billion | $3,160 | 204% |
Important Note: This list is curated from our research and is not intended as investment advice. Investors must conduct thorough research before making any decisions to buy or sell crypto assets. Your informed choices are key to successful investing.
1) Bitcoin(BTC)
About 14 years since it started, bitcoin remains the most popular and valuable cryptocurrency worldwide. It was created by someone named Satoshi Nakamoto, whose real identity is still unknown. Bitcoin uses a special technology called blockchain, which makes transactions secure and public without a central authority.
Although Bitcoin’s decentralized nature and transparency attract investors and users, some people worry about its high energy use for verifying transactions and the challenges in making the network bigger. Nowadays, there are other cryptocurrencies with faster transaction speeds and unique designs to improve Bitcoin’s features.
2) Binance Coin(BNB)
BNB is a type of cryptocurrency made by Binance, which is a big cryptocurrency trading platform. At first, BNB was made as a special token on the Ethereum network. People could use it to get lower fees when trading on Binance. But now, BNB works on Binance’s blockchain. It can be used for lots of different things, like transactions and other stuff.
However, Binance had some trouble in 2023. The U.S. government said they broke some laws about selling securities. This made Binance lose some of its market share in the United States.
3) Ethereum(ETH)
Ethereum came after Bitcoin as one of the earliest alternative cryptocurrencies. It started in July 2015 and is the second most valuable crypto after Bitcoin. Ethereum’s blockchain was the first to introduce smart contracts, which are codes used for decentralized applications (dApps). There are over 1,400 applications and tools on the Ethereum blockchain, and its native cryptocurrency is called Ether.
In 2023, Ethereum changed its way of verifying transactions from proof-of-work (which uses a lot of energy) to proof-of-stake (which is more energy-efficient). This makes Ethereum a more environmentally friendly choice compared to Bitcoin. However, what sets Ethereum apart is its advanced blockchain features for different types of applications.
4) XRP (XRP)
XRP is a digital currency made by Ripple, used for worldwide payments. It’s like an alternative to SWIFT, which banks use to send money internationally. Ripple says their system is quicker, cheaper, and clearer than SWIFT. XRP is the special currency used on Ripple’s network and its blockchain, called XRP Ledger. In July, a judge said that XRP might not always be seen as a security by the SEC, which could give it more freedom.
5) Dogecoin (DOGE)
Dogecoin began as a fun idea in 2013, not meant to be taken seriously. However, it quickly gained popularity and became a notable cryptocurrency, all thanks to a strong community and humorous memes. One unique aspect of Dogecoin is that there’s no maximum limit on how many coins can be made. This means that as more coins are created, there’s a risk of the currency losing value over time.
Back in 2017, the price of one Dogecoin was extremely low at $0.0002. However, by April 2024, its price had soared to $0.19. This represents an astonishing increase of 96,851%, showing how much the value of Dogecoin has grown over time.
6) Tether (USDT)
Tether (USDT) is different from many other cryptocurrencies because it’s a stable coin. This means it’s tied to real money like U.S. dollars and Euros, aiming to always stay at the same value as these currencies. The idea is that Tether should be less prone to big price changes compared to other cryptocurrencies. Because of this stability, it’s popular among investors who don’t like the wild ups and downs of other coins.
7) Solana (SOL)
Solana started in March 2020. It’s similar to Ethereum because it can run dApps, smart contracts, and non-fungible tokens. But what makes Solana different is its special way of verifying transactions, which makes it faster and cheaper than Ethereum.
However, Solana has had some problems with its network going down since it started, which has made people doubt its reliability in the crypto world. In February 2023, the Solana network was down for almost 20 hours. But even with these issues, Solana’s price went up a lot because of a court ruling about XRP. It had the biggest increase among all the cryptocurrencies in 2023.
8) Polkadot (DOT)
Polkadot is like a bridge that links different blockchains together, making them work together smoothly and securely. It’s a special kind of technology called a Layer-0 protocol. Think of it as the foundation that helps blockchains talk to each other and share things like digital assets (think of them as digital money or contracts).
What’s cool about Polkadot is that it can connect all sorts of blockchains – from private ones used by companies to public ones like Bitcoin and Ethereum that everyone knows about. It can even connect to other services that provide important data (called Oracle services) and various other networks. This means information can move freely and safely between different types of networks, making the whole system more efficient and powerful.
9) Cardano (ADA)
Cardano is a type of blockchain that works differently from Bitcoin and Ethereum. It started in September 2017 and aims to be more efficient. One reason people trust Cardano is that it was started by Charles Hoskinson, who helped create Ethereum.
Similar to Ethereum, Cardano focuses on being useful for creating apps and smart contracts that can be checked and verified. ADA is the main cryptocurrency used on Cardano for transactions and running these apps. Cardano users can also use ADA for staking, which helps make sure transactions are valid and earns them more tokens.
10) Toncoin(TON)
Originally, Toncoin was created as part of Telegram’s messaging platform, meant to be a secure way for people to communicate. However, the project was left behind and later picked up by the TON Foundation. They changed the project’s name to “The Open Network” from its initial “Telegram Open Network.” Both names are commonly shortened to TON.
Toncoin, initially called Gram, is the main currency used on TON. It’s like an app where you can buy, send, and keep money on TON’s super-fast and eco-friendly network.
How to buy cryptocurrency?
Here’s an easy guide on how to buy cryptocurrency:
1. Find a Broker or Exchange: Look for a platform that allows cryptocurrency trading, such as Robinhood or Coinbase.
2. Create an Account: Sign up and verify your identity by providing documents like your ID and bank statement.
3. Deposit Funds: Add money to your account using a bank transfer or other payment methods.
4. Choose Your Cryptocurrency: Pick the cryptocurrency you want to buy, like Bitcoin (BTC) or Ethereum (ETH), using its ticker symbol.
5. Make Your Purchase: Use the funds in your account to buy the cryptocurrency you’ve chosen.
6. Consider a Digital Wallet: For extra security, some people store their cryptocurrencies in a digital wallet.
That’s it! You’ve successfully bought cryptocurrency.
Conclusion
In conclusion, the crypto market offers a diverse range of tokens suited for various investment preferences. From beginner-friendly options to riskier but potentially rewarding investments, there’s something for everyone in this dynamic and evolving space. Whether you’re seeking stability or aiming for higher returns, the crypto market continues to present exciting opportunities for investors of all levels.
FAQs
Which cryptocurrency is good to invest in March 2024?
I recommend these three cryptocurrencies: Polygon, Ribbon Finance (AO), and Arweave. They each offer something special, like new technology or a good position in the market. This could mean you might make a lot of money if you invest in them.
Which coin should you buy before 2024?
Here are seven cryptocurrencies that experts believe could increase by 30 times before 2024: Love Hate, Dash 2 Trade (D2T), Calvaria (RIA), IMPT (IMPT), and Tamadoge (TAMA). These new tokens are getting noticed because they have unique ideas, skilled teams working on them, and a chance to grow a lot in the future.
Which cryptocurrency should you buy before 2024?
Experts think these seven cryptocurrencies could grow by 30 times before 2024: Love Hate, Dash 2 Trade (D2T), Calvaria (RIA), IMPT (IMPT), and Tamadoge (TAMA). These coins are getting attention because they have fresh ideas, strong teams, and potential for big growth.
Which coins could multiply by 100 times in 2024?
Meme coins are popular because they offer big rewards. Among the many trendy tokens, KangaMoon (KANG), Book of Meme (BOME), and Dogecoin (DOGE) are seen as strong candidates to increase in value significantly in 2024.
What's the next major cryptocurrency?
Bitcoin’s success is undeniable, and now people are looking for the next big thing. Smog Token made a significant move in February 2024 by expanding to multiple blockchains, including Ethereum via Wormhole. This means $SMOG is now available on Ethereum, and Ethereum holders can participate. Plus, with an upcoming historic airdrop, $SMOG is considered one of the next major cryptocurrencies for 2024.
