Top 10 Cryptocurrencies to Invest in for August 2024

1. Bitcoin (BTC)

Price: ~$64,000

Market Cap: ~$1.3 trillion

Year-over-Year Return: ~128%

Key Points: Leading cryptocurrency, significant performance in 2024 due to ETF approvals and Bitcoin halving.

2. Ethereum (ETH)

Price: ~$3,300

Market Cap: ~$399 billion

Year-over-Year Return: ~76%

Key Points: Prominent blockchain for DeFi applications, transitioned to proof-of-stake in 2022, significant upgrades in 2024.

3. Solana (SOL)

Price: ~$186

Market Cap: ~$86 billion

Year-over-Year Return: ~636%

Key Points: Recovery from 2023 collapse, growth driven by new projects and memecoins.

4. Ripple (XRP)

Price: ~$0.60

Market Cap: ~$33 billion

Year-over-Year Return: 0%

Key Points: Focus on banking sector transactions, potential spot XRP ETF.

5. Dogecoin (DOGE)

Price: ~$0.12

Market Cap: ~$18 billion

Year-over-Year Return: ~59%

Key Points: Top meme coin, potential new use cases like Tesla purchases.

6. Avalanche (AVAX)

Price: ~$27

Market Cap: ~$10 billion

Year-over-Year Return: ~107%

Key Points: High speeds, low costs, new projects in DeFi.

7. Quantum Resistant Ledger (QRL)

Price: ~$0.21

Market Cap: ~$14 million

Year-over-Year Return: ~36%

Key Points: Focus on resisting quantum computing attacks.

8. Shiba Inu (SHIB)

Price: ~$0.000016

Market Cap: ~$9 billion

Year-over-Year Return: ~97%

Key Points: Meme coin with utility, strong community.

9. NEAR Protocol (NEAR)

Price: ~$5

Market Cap: ~$5.9 billion

Year-over-Year Return: ~278%

Key Points: Improved speeds and scalability through sharding and Nightshade.

10. Binance Coin (BNB)

Price: ~$577

Market Cap: ~$84 billion

Year-over-Year Return: ~138%

Key Points: Recovery from CEO scandal, driven by new token listings.

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