Which cryptocurrency is best to invest in 2024
Looking for the best cryptocurrency to invest in 2024? Search on Google, and you’ll see an array of options that are definitely hard to figure out. While the trillion-dollar Bitcoin remains the priority, a number of other cryptocurrencies are making rounds on the internet.
Today, the number of cryptocurrencies is enough to amaze you and give you an idea of the exponentially growing crypto world. Recently, Coin tracker- a popular cryptocurrency exchange, tracked about 7000 crypto tokens, but they’re guessing there are more to get on the show.
Gone are the days when Bitcoin was the ideal go-to cryptocurrency for every investor looking to make incredible profits, its frequently varying price spikes and a sharp price decrease have opened room for numerous other cryptocurrencies to come in. It fell to a whopping $30000 in April from $54,000, which brought quite unexpected changes in the crypto market.
From the second-largest crypto Ethereum to meme-based Dogecoin, choices are mutually similar and extremely confusing when it comes to the best cryptocurrency to invest in 2024. That’s where this article comes to the rescue.
In this article, you’ll get the list of top best cryptocurrencies with the least volatility, successful price history, and a worth-remembering reputation in the crypto market.
1. Bitcoin
Despite falling in price, Bitcoin is still considered a safe haven for investors who fear risks when investing in cryptocurrency. It’s still the most expensive cryptocurrency on the list with a trillion-dollar market capitalization that has attracted a number of novices, seasoned or traditional investors from around the globe. You can trade it using various platforms like Bitcoin code.
Being an excellent store of value, Bitcoin is undoubtedly the best option to invest in if you want your real money to be in a safe hands. Also, Bitcoin is the first preference of crypto exchanges and covers around 46% of the total crypto market value. From Tesla, Microsoft, MicroStrategy, bitcoin is rising high in popularity and the safest go-to choice for corporations.
2. Ethereum
The list is not based on the worth of cryptocurrencies, but Ethereum has recently experienced the most skyrocketing prices despite the economic turmoil in the whole world. This makes Ethereum the best and most independent cryptocurrency that can peak at any time in price value.
Following Bitcoin’s success, Ethereum is the second-largest cryptocurrency in terms of market value, but something’s more interesting here. Ethereum also offers smart contracts, which allow you to deal with companies on a larger scale using the secure, decentralized, and efficient blockchain platform. Besides, Ethereum also supports DeFi applications (decentralized finance) which comes in handy when using tangible Ethereum tokens and storing your money.
3. Cardano
It won’t be wrong to say that Cardano is the new bandwagon and the most talked-about cryptocurrency in the market these days. Numerous seasoned investors are interested in Cardano by marking it as one of the best performing cryptocurrencies in the market. Cardano is improving its platform every day by making it convenient for users to make cross-border transactions.
From education, retail, finance, healthcare to nearly every field, Cardano is progressing in nearly every industry. Cardano is extremely decentralized by using its own blockchain platform to create a tamper-proof system when using cryptocurrency. In short, it’s a real-world Defi application that has high predictions to spike in price.
4. Dogecoin
Dogecoin is undoubtedly a must to add in our list of best cryptocurrencies to invest in 2024. Not only is it the talk of the town, but it has created significant hype over the internet. Started as a joke, today Dogecoin has the highest number of fan following with giving tough competition to Bitcoin in terms of popularity. It might not be the best option for making profits as Dogecoin’s current value is only $1 at the time of writing.
However, Dogecoin has recently peaked over 12000% year to date with serving as one of the best Bitcoin alternatives to trade goods and services without the hassles of making payments. Not only this, But after Bitcoin – Dogecoin is the first-ever cryptocurrency to be discussed by Elon Musk and other famous investors, including Mark Cuban.
5. Binance Coin
Being a relatively new cryptocurrency, the Binance coin has gained quite a lot of popularity in a very short time. Having the roots emerging from the famous Binance exchange, this crypto coin has an incredible potential to spike above its current value. You can use Binance coin in a number of ways to earn profits, and the best part is without paying to the Binance exchange.
The fundamental aim of Binance coin is to serve as a reliable store of value and source of payment to crypto exchanges. This was a relatively new and unique idea in the crypto sector which got overwhelming appreciation and gave investors a sigh of relief when paying the crypto exchanges. Like Binance, several other famous cryptocurrency exchanges are also looking forward to launching their native cryptocurrency in the market.
6. Polkadot
The most cutting-edge cryptocurrency that has all the features of an ideal crypto coin in one place. Being a blockchain-powered cryptocurrency, Polkadot has excelled in hundreds of altcoins in terms of efficiency and scalability. From increasing the overall transaction time to making communication faster and smooth, 2024 is the high time to invest in Polkadot. Using Polkadot, you get easy, direct, and smooth access to the reliable proof of stake and proof of work network.
Unlike many altcoins, Polkadot did not have a very appreciable price history, but it’s still the most trusted and useful cryptocurrency at the time. Recently in May, Polkadot hit a massive spike from a mere $17.71 to a whopping $48.68, breaking all the previous records of volatility. It clearly shows the steady growth of Polkadot and its prediction to cross $100 in some time.
Conclusion:
Your decision to invest can never be regretful if you choose the best profitable cryptocurrency to invest in. These 6 cryptocurrencies are not only having the most favorable time in the cryptocurrency but also have offered diversified profit-making opportunities to their investors. Whether you wish to stake, mine, trade, hold, or any other use, consider these six best cryptocurrencies to invest in 2024.
