Top 10 Coins For Investing in 2024
10 Best Cryptocurrencies To Invest In 2024
Since in April 2024, the crypto market witnessed the Bitcoin halving event, many potentials for investing in this market emerged and attracted the attention of many investors. In this article, I am going to introduce 10 of the best coins for investment in 2024.
Each cryptocurrency on this list has been carefully selected through research and extensive analysis and represent the investment opportunities for you.
So let’s discover these leading cryptocurrencies in 2024 and beyond.
- ETH
Predictions are based on the fact that by the end of 2024, the price of Ethereum will exceed the $2,200 mark by crossing the overhead resistance. Additionally, a breakout rally this time would indicate a longer-term uptrend that avoids a death cross on the weekly chart. As a result, if buyers can break through Ethereum’s market cap above $2,200, the continuation of the bullish trend could increase exponentially in 2024. In addition, we must be careful that with the publication of potential approvals of Spot ETF and the effect of half of Bitcoin on altcoins, the price of Ethereum can reach $3825.
2. XRP
Ripple is one of the currencies that has once again attracted the attention of traders with its superior position in the market, and some signs indicate the possibility of its price growth in the coming months.
Nevertheless, the overall mood of the digital currency market is positive and many expect Bitcoin to experience strong price growth during 2024 under the influence of the halving event. As the downward trend of Bitcoin affects Ripple, the price growth of the most popular digital currency in the market can also start the upward trend of Ripple. Therefore, Ripple has the opportunity to reach higher limits during 2024 by compensating for its recent price decline. In addition to the price trend of Bitcoin, there are other signs and factors that can influence the future price trend of XRP.
3. MATIC
Polygon, formerly known as MATIC Network, was launched in 2017. Polygon is among the most popular cryptocurrencies on the market and owes its price growth to the explosion of the DeFi industry, decentralized applications, and the decentralized autonomous organization (DAO) sector. Polygon network combines Plasma Framework and Proof of Stake architecture. Using this project, new features will be built around these technologies to meet the diverse needs of ecosystem developers.
The token started 2019 at a price of $0.003, which is a 38,000% increase considering its price in the third month of 2023. Considering the capabilities of this network, buying MATIC can be a suitable choice in the list of the best and most promising digital currencies for investment.
4. TRX
The Tron Network is described as a decentralized platform aimed at sharing content and entertainment. Its purpose is to shorten the hands of intermediaries and directly connect producers and consumers of all kinds of content. It should be noted that the acquisition of the BitTorrent sharing service in 2018 can be considered one of the major purchases of Tron Foundation.
Tron is also one of the most popular blockchains for building decentralized applications, that’s why it’s not bad to include buying Tron in the list of the best cryptocurrency and future digital currencies in 2024.
5. ADA
Cardano aims to become the global financial platform by creating decentralized financial products similar to Ethereum, as well as providing solutions for cross-network interoperability, preventing voter fraud, and more. Because of these features, Cardano has even been called the “killer of Ethereum” and called it one of the best future digital currencies. Bitcoin is the first generation, Ethereum is the second generation, and Cardano is the third generation of blockchain technology, so it is natural that it offers more features than them. Research and study is an inseparable part of the development process of Cardano, and this issue has caused it to quickly overtake its competitors. Cardano distinguishes itself by using mathematical principles in the consensus mechanism and using a unique multilayer architecture. These unique features have made ADA one of the best and most promising digital currencies, and the purchase of Cardano has a high volume of sales and purchases.
6. UNI
UniSwap’s goal is to keep token trading automated and fully open for everyone, and to improve trading efficiency. By automating the market making process, this exchange encourages users to provide liquidity on the platform by limiting risk and reducing costs. This mechanism also removes the need for authentication and enables virtually anyone to create a liquidity pool for any token pair.
Considering the practicality of this cryptocurrency, we suggest buying UniSwap as one of the best future digital currencies.
7. HBAR
After the analysis of the prices of Hedera in previous years, it is assumed that in 2025, the minimum price of Hedera will be around $$0.1469. The maximum expected HBAR price may be around $$0.1774. On average, the trading price might be $$0.1522 in 2025.
8. FTM
Fantom is one of the most ambitious blockchain projects today. One of its goals is to create a platform for building smart contracts as the nervous system of smart cities. Using DAG (directed non-circular graph) technology with the aim of achieving almost infinite scalability is one of the reasons for the uniqueness of this project.
In addition to the smart cities of the future, Fantom is also widely used in the world of DeFi. The project structure is complex and the system consists of several layers. This is one of the most special blockchain projects currently, which we believe has a very high growth potential.
9. SOL
Built as the first web-scale blockchain, Solana is a Proof of History system based on Practical Byzantine Fault Tolerance, or PBFT for short, launched in March 2020. Simply put, the PBFT system is designed to reduce the risks of malicious network nodes.
The main promise of the network to customers is that they will never face an increase in fees. This protocol is designed in such a way to ensure scalability and high processing speed, while keeping transaction costs low. Because of these features, buying Solana has been included in the list of the best promising digital currencies for investment.
10. LINK
ChainLink is a decentralized oracle network that bridges the gap between smart contracts, such as those in Ethereum, and data outside of it. Blockchains alone do not have the ability to reliably connect external applications. But Chainlink’s decentralized oracles allow smart contracts to communicate with external data and run on data that the Ethereum network itself cannot connect to.
Considering the capabilities and potentials of this cryptocurrency network, buying China Link can be one of your choices in the list of the best and most promising digital currencies in the coming years.