Are you looking to invest in cryptocurrencies but not sure where to start? With so many options available in the market, it can be overwhelming to decide which ones are worth investing in. To help you make an informed decision, here is a list of the top 10 cryptocurrencies that are worth considering right now
- Bitcoin (BTC)
Market cap: $1.3 trillion
So, you’ve probably heard of Bitcoin, right? It’s like the OG of cryptocurrencies. People love it because it’s been around the longest and lots of folks think it’s a smart investment. Why? Well, there’s only a limited amount of Bitcoin out there, and more and more people are starting to use it. Some folks even think of it as a way to protect their money from losing value over time.
And get this – Bitcoin’s been on a crazy growth spurt lately. People are saying it might even hit $150,000 within the next two years. Can you believe that? So yeah, it’s definitely something to keep an eye on if you’re thinking about investing. In May 2016, you could buy one bitcoin for about $500. As of March 19, 2024, a single bitcoin’s price was around $63,780. That’s a growth of 12,656%.
2. Ethereum (ETH)
Market cap: $396.7 billion
So, Ethereum is like this cool digital platform where people can create smart contracts and apps without any central authority. It’s all based on this thing called blockchain, which is like a super secure digital ledger.
And get this – Ethereum’s got this big upgrade called Ethereum 2.0 coming up, which sounds pretty exciting. It’s supposed to make Ethereum even better and more efficient.
Right now, Ethereum is the second most popular cryptocurrency after Bitcoin. And guess what? It’s worth around $3500 per coin. Now, some folks who look at this stuff closely think Ethereum’s price could shoot up to $10,000 pretty soon. Crazy, right? That’s like three times what it’s worth now!
So yeah, Ethereum’s future is looking pretty bright, especially with all these changes happening.
3. Binance Coin (BNB)
Market cap: $77.7 billion
Binance Coin is like the money used in a big online marketplace called Binance. It’s used for lots of things on that website, and because of that, its value has been going up a lot lately. You should have to invest in this Coin.
BNB has gained double its rate. Last year BNB’s price was around $300 but in April $2024 is price is $613
4. Cardano (ADA):
Market cap: $22.1 billion
So, there’s this thing called Cardano, which is like a fancy digital platform. It’s all about making sure stuff online is super secure and can handle lots of stuff happening at once.
People really like it because it’s made by a smart bunch of folks who want to keep things going for the long haul. It’s become pretty popular with folks who like to invest in this kind of stuff.
5. Solana (SOL):
Market cap: $81.3 billion
So, you know about this thing called Solana? It’s like this super-fast blockchain platform that’s all about making transactions quick and cheap. People are really into it because it’s got all these apps and projects popping up on it, which is pretty cool.
Get this: back in 2020 when it first started, you could buy Solana’s cryptocurrency, SOL, for just $0.77. Fast forward to March 2024, and its price shot up to around $183.10! That’s like a crazy increase of 23,679%! So basically, if you had invested in Solana back then, you’d be sitting on a pretty nice chunk of change right about now.
6. Polkadot (DOT):
Market Cap:$ 13.55B USD
So, there’s this thing called Polkadot, and it’s like a big platform for blockchains. Imagine it as a sort of superhighway where different blockchains can talk to each other and swap stuff like messages and money. It’s all about making things super secure and easy to handle, which is pretty cool.
Anyway, back in 2017 when Polkadot first came out, the price of its token, called DOT, was just $0.29. But fast forward to late March 2024, and that price had shot up to around $10. That’s like a thousand percent increase, which is pretty crazy if you think about it!
7. U.S. Dollar Coin (USDC)
Market cap: $31.3 billion
So, you know how Tether works, right? Well, USD Coin (USDC) is kinda similar. It’s what they call a stablecoin because it’s backed up by actual U.S. dollars. The idea is to always keep it at a 1-to-1 ratio with the U.S. dollar, so 1 USDC equals 1 USD.
Now, here’s the cool part: USDC runs on Ethereum, which is like a digital platform. And because it’s all digital, you can use USDC to make transactions all over the world. It’s like having dollars in your pocket, but in digital form, and you can spend them wherever you want. Easy, right?
8. Ripple (XRP):
Market cap: $32.8 billion
Ripple is like this digital payment thingy. Some folks wonder if it’s a good idea to invest in it. Well, let me break it down for you: if you can scoop up some XRP (that’s Ripple’s fancy money) for less than a buck, it’s like hitting the jackpot.
See, there’s been some legal stuff going on with Ripple, but things are looking up. This lawsuit win is like a big thumbs-up for XRP, and it seems like its price might start climbing higher in 2024.
Just to give you an idea, back in 2017, XRP was worth next to nothing – like, six-tenths of a cent. But fast forward to now, and it’s sitting at 60 cents a pop. That’s, like, almost a ten thousand percent increase!
So yeah, if you’re thinking long-term, grabbing some XRP while it’s cheap could be a pretty sweet move.
9. Avalanche (AVAX)
Market cap: $22.3 billion
Avalanche delivers two important features: fast transaction speeds and low transaction fees. AVAX also has a healthy total value locked (TVL) or amount of money deposited in decentralized finance. TVL is the total value of crypto assets deposited in a decentralized finance (DeFi) protocol, such as staking, lending or liquidity pools.
A high TVL indicates the popularity of a protocol and the adaption rate of a particular cryptocurrency. Avalanche’s price today is $59.
10. DogeCoin (DOGE):
Market cap: $19.0 billion
have you heard about Dogecoin? It’s this meme cryptocurrency that started off as a joke but has become super popular, especially in 2024. The reason? Well, Elon Musk, the guy behind Tesla and SpaceX, seems to really like it. Because of his interest, the price of Dogecoin has shot up like crazy!
Just to give you an idea, back in 2017, Dogecoin was worth a tiny fraction of a cent, like $0.0002. But fast forward to March 2024, and it’s sitting around $0.21. That’s a huge jump – a whopping 66,140% increase!
Right now, it’s priced at around $0.21, but a lot of folks think it’s going to keep going up and might even hit $1 soon. So, if you’re thinking about investing in cryptocurrency, Dogecoin might be worth considering.
