part 3 best crypto to buy now

8. Dogecoin (DOGE)

Market cap: $19.0 billion

Year-over-year return: 69%

Dogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.

Dogecoin’s price in 2017 was $0.0002. By May 2024, its price was at $0.13, up 65,709%.

9. Toncoin (TON)

Market cap: $16.8 billion

Year-over-year return: 131%

Originally developed as a layer-1 blockchain for Telegram’s encrypted messaging platform, Toncoin was soon abandoned before being taken over by the TON foundation. The project name was even changed to “The Open Network” from its original name “Telegram Open Network,” both of which are referred to by their acronym: TON.

Toncoin—first known as Gram—is the native token for TON. It is an application that allows users to buy, send and store funds on TON’s incredibly fast, environmentally friendly network.

10. Cardano (ADA)

Market cap: $16.2 billion

Year-over-year return: 19%

Somewhat later to the crypto scene, Cardano (ADA) is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification in platforms like bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which ADA, its native coin, powers.

Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of May. 2, 2024, its price was at $0.45. This is an increase of 2,171%.

*Market caps and pricing sourced from coinmarketcap.com, current as of 8:31 a.m. UTC on May. 2, 2024.