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Best crypto to invest in 2024

Best crypto to invest in 2024

2024 promises to be a thrilling ride for digital assets, fueled by a potent cocktail of regulatory clarity and institutional interest

With the UK’s landmark Financial Services and Markets Act taking effect, the Wild West days of crypto may be giving way to a more structured era – and that could be just the boost the market needs to truly soar. 

Institutional investors are starting to peek over the fence, sniffing out the potential for long-term gains. 

So, if you’re wondering what crypto to invest in this year, strap in as we navigate the hottest contenders in this brave new crypto landscape.

9 best cryptocurrencies to invest in 2024

There are many factors to consider when making the best crypto investments in 2024.

Hence, our recommendations will consider each coin’s market capitalisation, liquidity, trading volume, real-world usage, security, track record, community support, and the development team.

This way, you can rest assured that you’ll be getting the best investment options for 2024.

The best cryptocurrencies to invest in 2024 include:

  1. XRP (XRP)
  2. Binance Coin (BNB)
  3. Cardano (ADA)
  4. Ethereum (ETH)
  5. Solana (SOL)
  6. Polkadot (DOT)
  7. Avalanche (AVAX)
  8. Bitcoin (BTC)
  9. Dogecoin (DOGE)

1. XRP (XRP)

Not many cryptocurrencies focus on the blockchain industry’s financial aspect, making XRP unique. XRP was created to facilitate the movement of funds between major cryptocurrencies and fiat currencies.

XRP year to date price graph.

The market has also been kind to this coin, as its value currently rose 60.30% to trade at $0.596.

Its market capitalisation is also good at $32 billion, with a 24-hour trading volume of $1.8 billion. This coin also boasts a solid development team and community support.

2. Binance Coin (BNB)

This is the native coin for the Binance crypto exchange. It averages a daily trade of $1.2 billion every day, with a market cap of $46 billion.

Binance Coin (BNB) year to date price graph.

As the primary token for Binance, this coin possesses a lot of uses. Traders use it to trade on the exchange and offer bonuses for Binance CEX users.

Although BNB’s value dropped due to the war with the SEC for most of 2023, it has started rising again. This coin now goes for $307.81, boasting a price increase of 8.62%.

3. Cardano (ADA)

This crypto platform was created for easy execution of smart contracts and running dApps. Cardano boasts a daily trade of $904 million, with a market cap of $20 billion.

With this statistic, it’s ranked as one of the top 10 in terms of market capitalisation, according to CoinMarketCap.

Cardano (ADA) year to date price graph.

Cardano offers a strong community and development team with widespread usage. Although it was among the digital coins that bore the brunt of the SEC’s accusations, its value is increasing.

This coin is trading well at $0.5745 today after a massive 77.90% increase.

4. Ethereum (ETH)

Second in market cap only to Bitcoin, Ethereum is a coin that boasts a market cap of $312 billion. When this is combined with a high 24-hour trading volume of $19 billion, it shows how much this coin is investment-worthy.

Ethereum (ETH) year to date price graph.

Ethereum started the concept of smart contracts, and its popularity today can be attributed to it. This coin benefits from a massive community, a great development team, and stellar tokenomics.

Today, this coin trades at $2,602.96, and it reached this height after an 85.95% increase in the past year.

See also: Best places to buy Ethereum UK

5. Solana (SOL)

When Solana was introduced, people hyped it as the fastest crypto exchange, as it averaged over 4000 transactions per second.

Although there are other contenders for that title today, it still stands tall with daily trading of $3 billion. This coin also boasts a market cap of $43 billion and a great community.

Solana (SOL) year to date price graph.

The tragedy of FTX spilled over to Solana due to its connections to the crypto exchange. While its value suffered a bit, it has been steadily recovering, climbing 511.87% in 2023 to trade at $98.65 today.

This blockchain is also known for its high scalability, and its high-speed and high-volume transactions.

6. Polkadot (DOT)

This is one of the few blockchain networks that acknowledges that there are too many standalone blockchains in the industry.

So, it was created to ensure interoperability between different blockchains.

Polkadot (DOT) year to date price graph.

Polkadot trades daily at $376 million with a high market cap of $10 billion. After last year’s bearish movements, this coin is rising once more with a 59.11% increase to reach $8.07.

The Polkadot community is also a good one with a trustworthy development team.

7. Avalanche (AVAX)

Famed for its strong security, Avalanche is a blockchain that utilises subnets, allowing it to launch dedicated blockchains with ease. This blockchain offers a good market capitalisation of $14 billion and a trading volume of $1 billion every day.

Avalanche (AVAX) price graph year to date.

Although its development team, community support, and tokenomics are stellar, Avalanche is one of those coins looking for a big break.

With the potential housed in this coin, its value will increase with more adoption. This coin is valued at $38.67, and it has come this far after a 155.13% increase in the past year.

8. Bitcoin (BTC)

This is the most recognised digital coin today, and its market capitalisation is the highest at $890 billion. Bitcoin is the cryptocurrency that unveiled the usefulness of digital coins to the public.

So, its acceptance rate is one of the best, making it acceptable as cash in many places today.

Bitcoin (BTC) previous year price chart.

This coin offers world-class security and boasts a notable development team and a high trading volume of $43 billion per day.

Today, Bitcoin is worth over $45,730, boasting a massive increase of 152% in 2023 alone. All of this makes it a great choice for investments in 2024.

See also: How to invest in Bitcoin UK

9. Dogecoin (DOGE)

This coin might look weird on this list as it has no use as a meme coin. However, Dogecoin rose against all doubts to record an increase of 7.10% to now trade at $0.08383.

While this might look minor, it’s a great gain for a meme coin with an infinite supply.

Dogecoin (DOGE) price graph from last year.

This coin now boasts a 24-hour trading volume of $671 million and a high market capitalisation of $11 billion.

Despite an absentee development team, its community is also counted as being one of the greatest, as they’ve taken up that mantle.

Final Thoughts

After surviving the bearish downturns last year, many investors are bullish for the above coins in 2024.

The 9 cryptocurrencies recommended in this article are some of the best bets.

Of course, patience and discretion are also advised when investing in 2024, as the cryptocurrency market is characterised by unpredictability.

You can invest in crypto through one of our reviewed crypto exchanges in the UK.

Top pick
eToro - Best place to buy crypto

eToro is trusted by over 30 million users worldwide. It's the best place to buy crypto in the UK due to its cold storage, innovative trading features, user-friendly GBP deposit options, and industry-leading fees.

Don’t invest unless you’re prepared to lose all the money you invest.

Don’t invest unless you’re prepared to lose all the money you invest. When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in. Tax treatment depends on your individual circumstances and may be subject to future change. The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice.

Tobi started his writing career in 2017, focusing on teaching beginners about crypto.

He has bylines for top-tier investment publications like Investopedia and Investing.com.

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