With the cryptocurrency markets still in an uncertain position, many crypto investors are wondering if itâs time to sell in order to avoid further losses or if the market is going to recover soon.Â
Even though the crypto markets have so far always recovered from their bearish periods, every bear market has its âcasualtiesâ that never make a strong recovery. Therefore, itâs important to choose quality crypto projects that have a good chance of surviving the bear market and thriving in the future
Weâve analyzed 200 of the top cryptocurrencies based on their liquidity and availability, technology, sector leadership, tokenomics and more key factors.
You can read more about our criteria a bit further down in the article.
By doing so, weâve narrowed the list down to 12 cryptocurrencies that present the most compelling opportunities at the moment. The top three coins on our list are updated weekly to reflect the most up-to-date developments in the crypto and blockchain sector. Here's our roundup of the best cryptocurrency to invest in 2024:
Dogecoin â The first meme coinXRP â Highly efficient digital currencyBitcoin â Decentralized peer-to-peer cryptocurrencyEthereum â The leading blockchain for smart contractsSolana â High-performance blockchain platform for smart contractsUniswap â The biggest DEX on EthereumBNB â A popular cryptocurrency utilized in the Binance ecosystemMina Protocol â An extremely lightweight blockchainCosmos â A network of interoperable blockchainsLitecoin â A cheaper and faster alternative to BitcoinShiba Inu â The second-largest meme coin on the marketSui â Scalable blockchain with parallel transaction execution
Best Cryptos to Buy Right Now
Letâs start off by highlighting three cryptocurrency projects that have seen important developments recently or have big events coming up in the near future. We update these highlighted coins on a weekly basis to reflect the latest developments in the world of crypto and blockchain.
Before we dive into our list of the best cryptos to buy, we should note that choosing which crypto to buy is only the first step in your crypto investment journey. It's also important to choose the right platform to buy crypto, and you also have to decide how you will be storing your cryptocurrency.
1Dogecoin
dogecoin is a popular cryptocurrency project thatâs generally seen as the original meme coin. Dogecoin made its debut in late 2013 and quickly grabbed the communityâs attention with its humorous and ironic take on the cryptocurrency space. Â
Dogecoin is a Proof-of-Work cryptocurrency thatâs merge mined alongside Litecoin. In terms of functionality, the Dogecoin blockchain is similar to Bitcoin, as itâs designed for simple peer-to-peer value transfers. However, DOGE is different from most Proof-of-Work coins in terms of its supply dynamics, as there is no upper cap on the DOGE supply.
While the creators of Dogecoin didnât expect their project to amount to very much, DOGE has reached a multi-billion dollar market capitalization. At its very peak, the DOGE market cap reached a whopping $75 billion, which is definitely no joke.Â
Dogecoin has managed to outlast countless cryptocurrency projects that have been launched over the years with lofty goals of transforming the financial system or even the way we live our lives with blockchain technology. DOGE has survived multiple cryptocurrency bear markets already, although its price has obviously displayed massive fluctuations over the years.
2XRP
XRP is a cryptocurrency that was launched in June of 2012. It was developed by David Schwartz, Jed McCaleb and Arthur Britto, who started a company called OpenCoin together with Chris Larsen. 80% of the XRP supply was gifted to the company by the developers of XRP. OpenCoin has since been renamed to Ripple, and the company has put the majority of its XRP holdings into escrow.
XRP provides very fast and low-cost transfers, making it suitable for use-cases like remittances. It uses neither Proof-of-Work nor Proof-of-Stake, but instead implements the XRP Ledger Consensus Protocol. Every participant in the XRP network can choose a set of validators that they trust to behave honestly.
Ripple has implemented the XRP cryptocurrency into its products, most notably On-Demand Liquidity (ODL). ODL works in partnership with cryptocurrency exchanges uses XRP to provide efficient cross-border money transfers.
3Bitcoin
Bitcoin is a decentralized peer-to-peer cryptocurrency that was initially described in 2008 and launched in early 2009. Bitcoin was invented by a person using the pseudonym Satoshi Nakamoto, whose real identity is still unknown.
Bitcoin introduced the concept of a blockchain and provides a fully decentralized digital currency thatâs extremely secure. It implements Proof-of-Work to make it very difficult to alter the history of transactions or double spend coins. The network is secured by miners, who are rewarded with BTC coins for adding blocks to the Bitcoin blockchain.
BTC can be sent anywhere in the world on a 24/7 basis, and transactions cannot be blocked by any intermediaries. By holding their own private keys, users can self-custody their Bitcoin without requiring institutions such as banks.
Even though countless cryptocurrencies and blockchain platforms have been released after Bitcoin, BTC is still easily the largest cryptocurrency by market capitalization.
4Ethereum
Ethereum is a blockchain that supports smart contracts, enabling more complex use cases such as decentralized lending protocols and non-fungible tokens. The Ethereum project was founded by Vitalik Buterin, who published the Ethereum whitepaper in late 2013. The Ethereum blockchain launched in July 2015.
One of the first use cases enabled by Ethereum that gained a lot of traction was the ability to issue custom tokens that could be transacted over the Ethereum blockchain. This feature was utilized by many projects to conduct fundraising through Initial Coin Offerings (ICOs) and other types of token sales.
ETH is the native asset of the Ethereum blockchain, providing an incentive for users to secure the network. The Ethereum network originally implemented a Proof-of-Work consensus mechanism but switched over to Proof-of-Stake in September of 2022.
5Solana
Solana is a smart contracts platform with a unique architecture that allows it to process thousands of transactions per second while keeping costs extremely low. Solana achieves this by utilizing a unique Proof-of-History algorithm and a Proof-of-Stake consensus mechanism. SOL is among the cheapest cryptos to transfer on the market, as users pay less than $0.001 per transaction on average.
Solana was founded in 2018 by Anatoly Yakovenko. The platformâs mainnet launched in March 2020, and saw a huge boost in adoption in 2021. While SOL has lost a lot of its value in the 2022 bear market, Solana still has one of the most impressive ecosystems in the cryptocurrency sector.
6BNB
BNB is a token that was launched by the Binance cryptocurrency exchange in 2017. BNB serves two primary functions. Holders of the token get access to special benefits when using Binance â this includes lower trading fees, access the exchangeâs Launchpad and Launchpool programs, cashback on Binance Visa card purchases, and more.
The token is also used as the native asset of the BNB Chain blockchain. BNB Chain is a variant of Ethereum that offers significantly lower transaction fees to users, and it allows developers to easily deploy EVM-compatible decentralized applications. Previously known as Binance Coin, BNB has now gone through an extensive rebranding.
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