Cryptocurrency enthusiasts are always looking for the next big thing in the cryptocurrency world in terms of tokens and coins. Cryptocurrency prices have recovered significantly this year. Most cryptocurrencies have recovered from major declines by 2023 and are currently trading greedily year over year. As the cryptocurrency market is constantly evolving, many investors and cryptocurrency enthusiasts are wondering which cryptocurrency to invest in in 2024. Here is a list of the best cryptocurrencies to invest in 2024. Multi-awarded real estate agent
Bitcoin (BTC)
Market cap: $853.88 billion
Bitcoin is the most expensive and most popular cryptocurrency in the world. It is characterized by maximum liquidity. BTC has always been an important cryptocurrency for investors because it is the first cryptocurrency, and its importance to the industry can be compared to the role of the US dollar in the economy. Let's take a look at BTC levels over the last few months.
September: $25,748 October: $27,946 November: $35,047 December: $43,694
As you can see, the price of BTC is rising rapidly. Data from Coincodex predicts that Bitcoin could see significant gains in 2024. The site also predicts that this level could reach $109,364. This is just an estimate and could be wrong.
Ethereum (ETH)
Market cap: $270.61 billion
Ethereum, like other cryptocurrencies, is unpredictable and highly volatile. However, the current momentum is positive and investors have many reasons to believe that ETH prices will rise in 2024. The main reason is that, unlike BTC, it is a utility and is primarily used as a store of value and a means of transfer of value. Blockchain networks have rare tools for dApp developers. They use the ETH network to develop other cryptocurrencies and to create and run smart contracts, fiat tokens, and other decentralized financial applications. Let's take a look at the SOL levels for the last few months.
September: $1,632 October: $1,645 November: $1,900 December: $2,254
ETH has seen strong growth in recent months. Even though Ethereum is trading between $1,000 and $2,000, VanEck's analysts use estimates of the total return of the ETH network to predict the long-term price. They predict that ETH network revenue will grow from $2.6 billion today to around $51 billion by 2030. Therefore, Ethereum should be on your list of cryptocurrencies to invest in 2024.
Solana (SOL)
Market cap: $26.63 billion
The Solana project aims to support Decentralized Finance (DeFi) solutions and provides opportunities to create smart contracts and dApps. This allows developers to create faster networks without compromising security. SOL tokens are usually required for commission payments, payouts and staking income. Let's take a look at the SOL levels for the last few months.
September: $19.62 October: $23.42 November: $42.14 December: $63.12
As you can see, Solana has grown exponentially in the second half of the year, rising from $19.62 in early September to $63.12 in early December. Looking at the growth of SOL, this cryptocurrency could be one of the best investments of 2024.
Ripple (XRP)
Market cap: $33.93 billion
Ripple created the XRP token to allow financial institutions to make international payments quickly and for free. It can process 1,500 transactions per second, which means massive scalability compared to other cryptocurrencies. Let's take a look at XRP levels over the last few months.
September: $0.50 October: $0.52 November: $0.71 December: $0.64
As you can see, XRP has shown signs of growth. EGRAG CRYPTO analyst noted XRP's impressive results. He recalled that the asset closed in the green for two consecutive months and announced that it would rise to $10 after a five-month consolidation period. If the uptrend continues, it could rise to $50 by November 2024.
Cardano (ADA)
Market cap: $15.54 billion
Cardano is a special platform based on proof-of-stake (PoS). It is commonly used to create various dApps (decentralized applications) based on smart contracts. The team developed the ADA token to support the project's ecosystem. Investors can get it for $0.3815 on cryptocurrency exchanges. After that you can mine your own coins and earn cryptocurrencies. Let's take a look at the ADA levels over the last few months.
September: $0.25 October: $0.26 November: $0.36 December: $0.44
As you can see, ADA is increasing and will continue to do so for the remainder of 2023. Analysts believe that Cardano could cross the $0.90 mark in six months due to the growth of the ADA dApp, its total value increasing from $50 million to $250 million last year.
Toncoin (TON)
Market cap: $7.84 billion
The idea to create Toncoin first came from Pavel Durov, the founder of Telegram, and then passed into the hands of other developers. It is a decentralized online platform that runs on blockchain scalability and interoperability. It can also be used to organize payments and handle millions of transactions per second. Let's take a look at the TON levels for the last few months.
September: $1.82 October: $2.14 November: $2.43 December: $2.27
As you can see, TON is growing and will likely continue to grow for the rest of 2023. Starting January 1, 2023, the last month of the year will no longer be ignored. From 2023 to November 2023, TON grew by 12.5%. This will become an investable cryptocurrency in 2024 due to its constant growth.
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