These are the top 5 cryptocurrencies based on their market capitalization or the total value of all the coins currently in circulation.
1. Solana (SOL)
: Market Cap: $45.9 billion
Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely. SOL, Solana’s native token, powers the platform.
When it launched in 2020, SOL’s price started at $0.77. At the end of January 2024, its price was around $105.41, a gain of 13,590%.
2. XRP (XRP)
Market Cap: $28.6 billion
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
At the beginning of 2017, the price of XRP was $0.006. In Jan 30, 2024, its price reached $0.53, equal to a rise of 8,670%.
3. Cardano (ADA)
Market Cap: $18.4 billion
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. In Jan 30, 2024, its price was at $0.52. This is an increase of 2,500%.
4. Avalanche (AVAX)
Market Cap: $13.2 billion
Avalanche delivers two important features: fast transaction speeds and low transaction fees. AVAX also has a healthy total value locked (TVL) or amount of money deposited in decentralized finance. TVL is the total value of crypto assets deposited in a decentralized finance (DeFi) protocol, such as staking, lending or liquidity pools.
Avalanche’s price today is $37.
5. Dogecoin (DOGE)
Market Cap: $11.6 billion
Dogecoin was famously started as a meme 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 January 2024, its price was at $0.08, up 40,368%.
Advice
In my opinion if you're beginner only invest in Btc and Ethereum, First understand this market then invest your money.
Am not a financial advisor it's just my opinion guys.
Last thing What you consider a prediction is a probability.
No one can predict future you can only prepared for your future.
