Top 10 Cryptocurrencies to Invest in 2024
No matter your experience level or knowledge base in investing, making smart crypto investments is crucial. The longer a cryptocurrency has been around, the higher its chance of performing well is.
Since interest rate hikes are on hold, more money is circulating through the economy and this should lead to an increase in investment and spending.
Bitcoin is a digital medium of exchange that facilitates secure peer-to-peer transactions on the internet. Originally developed (by an anonymous individual or group) to enable individuals and entities to transfer money directly between themselves without going through banks, credit card companies, or any other trusted gatekeepers.
Bitcoin has launched an economic revolution. But due to its extreme degree of volatility, you should only allocate a small percentage of your portfolio towards investing in bitcoins.
Litecoin is one of the oldest and most storied cryptocurrencies, often referred to as “cryptocurrency silver.” According to its creator Charlie Lee, this digital token dates back to 2008.
Ethereum is an intense competitor to Bitcoin, sharing similar characteristics. While its market presence and technical foundation provide stability, its future remains subject to external factors in the highly uncertain crypto market.
Price volatility offers traders a tremendous opportunity for long and short positions to generate profits.
Ripple boasts a significant market cap and is a significant player in the cryptocurrency space, making it an attractive investment opportunity for those hoping to capitalize in 2024.
Ripple is an attractive cryptocurrency with an affordable price point, providing a good way to diversify your cryptocurrency portfolio. Be sure to conduct thorough research before making any decisions on investments such as Ripple.
Crypto has had an exciting year. Market prices have seen dramatic fluctuations and companies such as Robinhood are accepting cryptocurrency for everyday purchases and commission-free trading apps have captured public imagination.
As with any cryptocurrency investment, Dogecoin should only be considered a short-term speculative play and isn’t suitable for long-term holding. But with an array of bullish drivers aligning, its meme coin could experience another explosive rally come 2024 if wise investments are made and reap their rewards.
Algorand is a smart contract blockchain designed for fast transactions with minimal fees. Utilizing pure proof-of-stake consensus mechanism and offering governance participation by holding or staking ALGO tokens.
Silvio Micali, winner of a Turing Prize for cryptography, and his team behind this cryptocurrency are responsible for its creation and growth. Micali pioneered verifiable random functions and zero-knowledge proofs; his foundation holds 10 billion ALGO coins as it oversees network expansion.
Recently, DOT cryptocurrency has seen some promising signs. Yet it still trades below its resistance level of $6.90.
ETH will fail to overtake Bitcoin by 2024 and will lose market share to other smart contract platforms with less unpredictability about their scalability roadmaps and greater rewards via Kusama parachains for similar prices.
Polkadot aims to pioneer Web 3.0 by building a blockchain network. Already valued at moderate prices, experts anticipate it could reach $9 by 2024.
Polkadot’s multichain architecture can accommodate various forms of blockchains through relay chains and parachains, using sharding technology for increased scalability and providing holders of DOT tokens the chance at passive income through staking.
With an estimated market cap of over $1.19 billion and an impressive FDV value, RUNE represents a promising investment vehicle with numerous DeFi use cases for Defini. These applications may include supply chain management and identity verification.
Cosmos aims to foster interoperability among blockchain networks and facilitate rapid scalability, making it an attractive contender as one of the top crypto assets for 2024. It also boasts an outstanding team.
Chainlink has earned immense attention as the go-to decentralized oracle network in the crypto market, drawing significant investment interest from investors due to its ability to connect blockchain smart contracts with real world data sets, opening up an array of potential use cases.
Secure and reliable data feeds make Chainlink an excellent fit for DeFi applications, while incentivizing node operators to stake LINK tokens to protect network integrity is another reason it makes an ideal solution.
Aave is a DeFi protocol designed for lending and borrowing. With an open governance forum and voting on upgrades for holders to participate in upgrades.
An attractive investment vehicle, as DeFi was ahead of its time and offers an easy yet secure user experience. Strong team and community support will likely drive its price up in 2024 – yet, as with any asset it remains risky.