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Best Cryptocurrencies To Invest In April 2024
1. Bitcoin (BTC)
Market cap: $1.3 trillion
Year-over-year return: 136%
Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy one bitcoin for about $500. As of Apr. 25, 2024, a single bitcoin’s price was around $64,427. That’s a growth of 12,785%.
2. Ethereum (ETH)
Market cap: $385.5 billion
Year-over-year return: 73%
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
Ethereum has also experienced tremendous growth. From April 2016 to the end of April 2024, its price went from about $11 to around $3,158, increasing 28,605%.
3. Tether (USDT)
Market cap: $110.4 billion
Year-over-year return: 0%
Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins
#BNB #bitcoin #usdt
1. Bitcoin (BTC)
Market cap: $1.3 trillion
Year-over-year return: 136%
Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy one bitcoin for about $500. As of Apr. 25, 2024, a single bitcoin’s price was around $64,427. That’s a growth of 12,785%.
2. Ethereum (ETH)
Market cap: $385.5 billion
Year-over-year return: 73%
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
Ethereum has also experienced tremendous growth. From April 2016 to the end of April 2024, its price went from about $11 to around $3,158, increasing 28,605%.
3. Tether (USDT)
Market cap: $110.4 billion
Year-over-year return: 0%
Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins
#BNB #bitcoin #usdt
⚡️ JUST IN: #Tether completes SOC 2 Type 1 audit, marking an initial phase in security compliance.
The audit, governed by AICPA standards, reviews Tether's IT and data protection measures.
Tether plans for SOC 2 Type 2 certification in 2024/25 and commits to annual audits.
#usdt #TetherUpdate #TrendingTopic
The audit, governed by AICPA standards, reviews Tether's IT and data protection measures.
Tether plans for SOC 2 Type 2 certification in 2024/25 and commits to annual audits.
#usdt #TetherUpdate #TrendingTopic
Crypto Billionaire Arthur Hayes Predicts Bitcoin Bull Run to Return After $1.4 Trillion US Liquidity Spike
Crypto investor Arthur Hayes believes Bitcoin could experience a bull run resurgence if, as he anticipates, liquidity returns to the economy next week stemming from Janet Yellen’s policies.
Bitcoin could see renewed momentum due to new United States economic shifts. Hayes believes that while the Federal Reserve’s decision to maintain interest rates may not directly impact Bitcoin and altcoins, Treasury Secretary Janet Yellen is now the key figure to watch.
Hayes Insights on “Ignoring the Fed” in Bitcoin Bull Run
On April 29, the United States Treasury plans to release quarterly refunding documentation, outlining strategies for managing liquidity. Hayes highlights the importance of two liquidity sources within this documentation: the Reverse Purchase Agreement (RRPS) and the Treasury General Account (TGA).
Hayes emphasized Yellen’s crucial position within his theory, which suggests an increase in US dollar printing leading up to and beyond the upcoming Presidential election. He highlighted a potential $1.4 trillion liquidity injection stemming from a $1 trillion TGA drain and $400 million RRPs.
If any of these three options happen, expect a rally in stocks and, most importantly, a re-acceleration of the crypto bull market,” Hayes said The Fed is irrelevant, , you best respect her
Bitcoin ETFs Face “Overdue” Slowdown
Bitcoin’s mainstream entry has sparked positive momentum for its price. Despite the most successful ETF debut in history, Bitcoin ETFs have further potential growth
Bloomberg ETF analyst Eric Balchunas sees the recent slowdown of inflows of BlackRock’s iShares Bitcoin Trust (IBIT) as a natural progression
IBIT is currently the second-largest Bitcoin product by assets under management, trailing only the Grayscale Bitcoin Trust (GBTC)
Out of all the 10,698 registered funds in the USA (including ETFs, mutual funds, and CEFs), IBIT currently ranks 2nd in YTD flows,” Balchunas said
#solana #Ripple #usdt
Crypto investor Arthur Hayes believes Bitcoin could experience a bull run resurgence if, as he anticipates, liquidity returns to the economy next week stemming from Janet Yellen’s policies.
Bitcoin could see renewed momentum due to new United States economic shifts. Hayes believes that while the Federal Reserve’s decision to maintain interest rates may not directly impact Bitcoin and altcoins, Treasury Secretary Janet Yellen is now the key figure to watch.
Hayes Insights on “Ignoring the Fed” in Bitcoin Bull Run
On April 29, the United States Treasury plans to release quarterly refunding documentation, outlining strategies for managing liquidity. Hayes highlights the importance of two liquidity sources within this documentation: the Reverse Purchase Agreement (RRPS) and the Treasury General Account (TGA).
Hayes emphasized Yellen’s crucial position within his theory, which suggests an increase in US dollar printing leading up to and beyond the upcoming Presidential election. He highlighted a potential $1.4 trillion liquidity injection stemming from a $1 trillion TGA drain and $400 million RRPs.
If any of these three options happen, expect a rally in stocks and, most importantly, a re-acceleration of the crypto bull market,” Hayes said The Fed is irrelevant, , you best respect her
Bitcoin ETFs Face “Overdue” Slowdown
Bitcoin’s mainstream entry has sparked positive momentum for its price. Despite the most successful ETF debut in history, Bitcoin ETFs have further potential growth
Bloomberg ETF analyst Eric Balchunas sees the recent slowdown of inflows of BlackRock’s iShares Bitcoin Trust (IBIT) as a natural progression
IBIT is currently the second-largest Bitcoin product by assets under management, trailing only the Grayscale Bitcoin Trust (GBTC)
Out of all the 10,698 registered funds in the USA (including ETFs, mutual funds, and CEFs), IBIT currently ranks 2nd in YTD flows,” Balchunas said
#solana #Ripple #usdt