While the bar and nightclub industry has been hit hard in recent years, the crypto industry is far more insulated from external market conditions. The journey since Bitcoin was first launched in 2009 has been nothing short of incredible, with thousands of active currencies available in 2024. Becoming a bona fide expert is challenging, but you don’t need extensive knowledge to make a splash in the crypto world.
You can make sound investments as long as you have a handle on the basics. With so many cryptos out there, this is easier said than done. Fortunately, we’ve done in-depth research, so you don’t have to. Stay with us for a rundown of the top 10 cryptocurrencies to consider in 2024.
1. Bitcoin
An old faithful, Bitcoin will never drop down the best cryptocurrency list. It was launched in 2009 by the anonymous Satoshi Nakamoto and is responsible for kickstarting the crypto revolution. Investors consistently tout BTC as one of the best long-term currencies. Bitcoin’s over 100,000% growth over the last decade and a half is outstanding. It will always be a market leader, so we’re backing it for 2024.
2. Solana
Solana has been one of the most significant blockchain technology innovators in recent years. The smart-contract platform and crypto is a fast-growing multiservice currency representing a fantastic investment going into 2024. Solana has earned plaudits for its scalability and user-friendly interface. It is expected to continue growing by as much as 5,000% in the next few years. Undeniably a crypto to watch.
3. Ethereum
Ethereum is arguably the second-most historically popular crypto. Launched in 2013 by Vitalik Buterin, it has become a titan in the fields of blockchain and smart contracts. Ether is the native currency and crypto experts will generally advise you to back it. ETH tokens generally come second to none other than BTC nowadays – a great investment for 2024. Its multi-purpose functionality is a key trait that guarantees excellent market robustness. Ethereum also has some significant advantages over other cryptocurrencies. For one, it has a much larger user base than Bitcoin does. In addition, Ethereum is much more stable than Bitcoin or many other digital currencies. This means that you can use it to purchase goods and services with relative confidence unlike some other options out there.
4. Shiba Inu
Named after the adorable Shiba Inu breed, this crypto has defied market experts, growing into something far more significant. This “Dogecoin killer” has performed remarkably well since its 2020 launch and is a great example of how meme-inspired tokens can achieve genuine legitimacy. The developers have recently enriched the Shiba Inu framework, establishing a token launchpad and ShibaSwap DEX. The sky’s the limit for this exciting crypto and it’s definitely worth considering in 2024.
5. ApeCoin
ApeCoin only launched in March 2024 but it has already proved itself as a surprisingly resilient token. It has a close association with the Bored Ape Yacht Club NFT project, which is one of the main reasons behind its success. ApeCoin is also hot among celebrities and crypto influencers, so it looks like a good bet for 2024.
6. Uniswap
Uniswap is regularly nicknamed “the crypto of the future” and this is no joke. It’s the largest decentralized exchange, providing an incredibly appealing platform for privacy-focused investors. Uniswap has overseen over $1tn of trading as an exchange platform, and its native Uni token is forecasted to take advantage of this next year. The Uniswap platform allows users to buy and sell cryptocurrencies, as well as trade tokens. The exchange also offers margin trading and a peer-to-peer marketplace for buying and selling cryptocurrencies.
7. Decentraland
Decentraland is much more than just a currency – it’s arguably the oldest and most significant metaverse project, offering options such as virtual land and other next-gen features. Several highly respected worldwide brands have bought into the Decentraland project, with Coca-Cola, Samsung, Dominos, Atari and Morgan Stanley some of the most prominent examples. Decentraland’s native Mana tokens are fantastic options for 2024. Its resilience and scalability are two of its most attractive characteristics.
8. Polygon
Matic tokens will gain even more importance over the next few years due to the merger with Ethereum. This crypto comes courtesy of Polygon, a blockchain-powered scaling solution that enables lightning-fast transactions and lower fees than most cryptos. Matic tokens are already exhibiting an upward trend and things are expected to improve as we move into 2024.
9. Binance Coin
Binance Coin has been around for several years. Its consistent performance means crypto experts regularly feature it in the top 10 most valuable tokens. By late 2024, it had grown by 450,000%, a perfect example of Binance Coin’s incredible potential.
10. Cardano
Cardano is arguably the most secure blockchain technology available nowadays, understandably increasing its market position. Cardano (ADA) is a cutting-edge digital asset and platform built on the principles of decentralization, integrity, and scalability. It is the first open-source blockchain platform to achieve real-world operation with commercial applications. Cardano is developing a comprehensive smart contract platform that runs on its own digital currency, ADA. The development team has been busy in recent years, creating smart contract functionality and enhanced integration across the board. Watch Cardano, as it could easily be a dark horse of the future.
Cardano has a strong team with experience in cryptography, financial engineering, software development, and blockchain technology. Its founder Charles Hoskinson – co-founder of Ethereum. Cardano has a solid roadmap with upcoming features such as an oracle node network, layered protocol architecture, and more.
Conclusion
Cryptocurrencies are a fascinating investment opportunity, and with the markets continuing to grow, it’s important to stay up-to-date on the latest trends. In this article, we provided you with our top 10 cryptocurrencies to consider in 2024. These include some of the most well-known and established digital currencies out there, so whether you’re just getting started or looking for an investment that will have a long-term ROI, these ten coins should be at the top of your list.
