Top Ten Cryptocurrencies To Buy In 2024
There is no way that you haven’t heard about cryptocurrency. You might not know what it is, but we do think that you will have at least the slightest hint of it. Top Ten Cryptocurrencies are a decentralized form of digital and virtual currency that employs cryptography for security, making them resistant to fraud and counterfeiting.
Unlike traditional currencies, Top Ten Cryptocurrencies is different. In today’s blog, we’ll be diving into the top 10 cryptocurrencies that we believe are going to smash 2024 and that you need to buy this year. So come along with us as we tell you more about this currency.
What Is Cryptocurrency?
Before we dive into the Top Ten Cryptocurrencies to invest we must understand what cryptocurrency is.
So, cryptocurrency is a form of currency that exists solely digitally. Top Ten Cryptocurrencies can be used to pay for purchases online without going through an intermediary, such as a bank, or it can be held as an investment.
1. Bitcoin: Top Ten Cryptocurrencies
By now, you must have heard the name of Bitcoin.
Bitcoin is the first and the most well-known cryptocurrency, introduced in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. Like most cryptocurrencies, it works on a peer-to-peer network, utilizing a technology called a blockchain.
As for now, it’s one of the most expensive cryptocurrencies, with a price of $40,000. It’s by far the leading cryptocurrency and is worth the buy. And as far as we know its market cap, is around $785.35B.
This high market cap implies that it is worth an asset to invest in and is highly valued by the market. Therefore, we think that it’s worth investing.
2. Ethereum
Another on our list is Ethereum.
Launched back in 2015 by programmer Vitalik Buterin is also a decentralised blockchain platform designed to enable the creation and execution of smart contracts and decentralized applications (DApps) Top Ten Cryptocurrencies.
Unlike Bitcoin, which we discussed previously, Ethereum serves as a versatile platform for developers to build applications on its blockchain.
Again, Ethereum is expensive, from April 2016 to now its price went from about $11 to around $2,213.75, increasing 19,800%
As far as its market cap is concerned, it’s $263.1 billion. It is wild, and most importantly, with this much market cap, it is one of the most invested cryptocurrencies to date.
3. Solana
Developed to help power decentralised finance (DeFi) Top Ten Cryptocurrencies uses, decentralised 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. By late January 2024, its price was around $87.93 a gain of 10,376%.
Its market cap is around $34.9 billion.
4. XRP
Created by the founders of Ripple, a digital technology and payment processing company.
XRP Top Ten Cryptocurrencies is without a doubt one of the most famous cryptocurrencies out there, XRP can be used on a network to facilitate exchanges of different currency types, including fiat Top Ten Cryptocurrencies and other major cryptocurrencies.
Its market cap is valued at $27.3 billion and its current price is around $0.50.
5. Dogecoin
Dogecoin was famously started as a joke back in 2017, however now it has become one of the rapidly evolving cryptocurrencies in the world, thanks to the dedicated community of members and support of the community Top Ten Cryptocurrencies.
It has undoubtedly, reached unprecedented heights over the years and we sincerely thank Elon Musk for that. Unlike other cryptos, no limit on the number of Dogecoins can be created, which leaves the currency susceptible to devaluation as the supply increases.
Its market cap is around $11.0 billion. By January 2017 its price was around $0.0002. By January 2024 its price went up to $0.08, up 38,309%
6. Chainlink
Chainlink is another decentralised oracle network designed to connect smart contracts on blockchain platforms with real-world data, application programming interfaces and external systems.
Launched back in 2017, chainlink serves as a bridge, enabling smart contracts to interact with off-chain data, payment systems and APIs.
Its market cap is $8.13 billion and its price is $14.03 as of 2024.
7. Injective
Injective Protocol is yet again another cryptocurrency that we’ll suggest you invest in this year
Launched back in 2018, injective protocol aims to enable users to create and trade a wide range of derivative products, including future and perpetual swaps without relying on centralised authorities.
Injective is a blockchain built for finance. It is another open, interoperable layer-one blockchain powering next-generation DeFi applications.
Furthermore, it includes decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.
Furthermore, its price is around $32.57 and its market cap is around $2.94 billion.
8. ATOM
ATOM is a native token of Cosmos, a decentralized network that provides open-source tools for developers to create their interoperable blockchain.
Buying ATOM Top Ten Cryptocurrencies with both its risks and rewards, on the rewards side, it has the potential to revolutionize the blockchain industry with its interoperability and scalability solutions. Its strong development team and growing ecosystem contribute to its long-term prospects.
The live price of ATOM is around $9.32 and its market cap is $3.53 billion.
9. Cardano
Somewhat later to the crypto scene, Cardano is notable for its early embrace of proof-of-stake validation.
This method expedites transactions and therefore, decreases energy usage and environmental impact by removing competitive, problem-solving aspects of transaction verification in platforms like Bitcoin, Cardano also works like Ethereum to enable smart contracts and decentralised applications, which ADA, its native coin, powers.
Furthermore, its price is around $0.46 and its market cap is around $16.1 billion.
10. Avalanche
Avalanche is another protocol launched relatively recently. The mainnet went live in September 2020. Avalche claims to have learned from other projects in the race to establish itself faster. It delivers two important features, the first one is fast transaction speed and the other one is low transaction fees.
Its market cap is $10.3 billion and Avalanche’s price today is around $28.
Read our blog: Cryptocurrency and Blockchain: Emerging trends in 2024