The biggest portal about international asset protection and diversification

icon-skype-png icon-telegram-png icon-viber-png icon-whatsapp-png

The biggest portal about international asset protection and diversification

+507 848 3045
+44 7700 304814
+372 5 489 53 37
+381 6911 12327

Top 10 Cryptocurrencies for 2024

In making our cryptocurrency forecast for 2024, we meticulously evaluated crypto assets based on their historical performance, current market capitalization, and the prevailing trends in the industry. The point to keep in mind here is that cryptocurrencies are inherently volatile. Therefore, we strongly recommend you consult financial experts well-versed in the crypto industry before making any investment decisions.

Top 10 Cryptocurrencies

While it’s impossible to predict with certainty what cryptocurrency will be the most successful in 2024, our review highlights those with significant growth potential and prospects for stable trading. Note that the cryptocurrency list below does not include stablecoins like Tether or USDC. Their value is pegged to the US dollar, which makes these coins less volatile compared to other cryptocurrencies in our forecast.

Bitcoin (BTC)

Bitcoin

Over the past decade and a half, Bitcoin has exhibited extraordinary growth, reaching a market capitalization of USD 1.3 trillion. Dubbed digital gold, its resistance to inflation has made this most popular cryptocurrency on our list a coveted asset among long-term investors. Bitcoin’s institutional credibility has soared as major investment funds and corporations have integrated this cryptocurrency into their portfolios, a move underscored by the approval of Bitcoin ETFs in the USA, EU, and Hong Kong.

The Lightning Network, which is a second-layer protocol, boosts the scalability and user-friendliness of the Bitcoin network. Its expanding user base and transaction volume cement Bitcoin’s status as a practical payment option. The 2023 debut of the Ordinals protocol was a landmark event. Suffice it to say that it has made possible the inscription of data directly onto the blockchain by indexing each satoshi. With the introduction of Ordinals, Bitcoin’s functionality has increased beyond currency, turning it also into a platform for digital art.

Surpassing previous records before the expected halving event, Bitcoin’s trajectory remains upward. Experts remain optimistic about the crypto’s future. Michael Saylor, the founder of MicroStrategy, forecasts a tenfold increase in Bitcoin’s price between 2024 and 2025, while ARK Invest’s Cathie Wood envisions a milestone of USD 1.5 million by 2030.

Ethereum (ETH)

Ethereum

Considered to be the second-largest cryptocurrency, Ethereum boasts a market capitalization of USD 397 billion, second only to Bitcoin. As a pioneering blockchain platform, Ethereum facilitates smart contracts and hosts an impressive array of over 2,800 active decentralized applications (DApps). The platform’s evolution to Ethereum 2.0 was marked by the shift to a Proof-of-Stake (PoS) consensus mechanism. With it, the platform has significantly reduced its energy consumption, plus, the upgrade further aims to boost transaction speeds.

At present, Ethereum is evolving into a more environmentally friendly and cost-effective crypto solution. Decentralized Finance (DeFi) introduces innovative forms of investments and financial services that bypass traditional intermediaries like banks and brokers. The total value locked in Ethereum-based DeFi projects now exceeds USD 80 billion. Investors are also anticipating the approval of spot Ethereum ETFs in the United States by the end of 2024. This way, Josh Fraser, co-founder of Origin Protocol, predicts that ETH will reach USD 17,000 during this bullish market cycle, which makes ETH a worthy cryptocurrency to invest in.

Binance Coin (BNB)

Binance Coin

Binance, the titan of cryptocurrency exchanges, continues to reign with the BNB coin playing a crucial role in its ecosystem. This cryptocurrency exchange is on an upward trajectory, with the Binance Smart Chain (BSC) supporting a variety of decentralized applications. BNB’s role in facilitating transaction fees on the platform guarantees a steady demand from traders. To raise BNB’s value, Binance has committed to a periodic coin burn until the supply reaches a fixed cap of 100 million coins. This is expected to make the cryptocurrency asset attractive for investors long-term.

In early 2024, the coin’s capitalization reached a whopping USD 93 billion. Binance has strengthened its position worldwide by teaming up with a variety of companies and government agencies in the USA, EU, Asia, and Latin America. Adding more financial services and securing Binance’s lead in the cryptocurrency market, the Binance Smart Chain (BSC) is doing really well. Binance has also cleared up issues with the U.S. Securities and Exchange Commission (SEC) by paying a USD 4 billion fine. Experts at Changelly are positive about BNB’s future, predicting its price will go over USD 1000 before this year ends.

Investing in Binance Coin comes with a host of significant benefits:

  • One of the top crypto assets, it’s supported by the world’s largest cryptocurrency exchange.
  • The cryptocurrency exchange has overcome its previous regulatory issues with the SEC.
  • It boasts a strong international presence.
  • It benefits from the continuous improvements to the Binance Smart Chain.

Is BNB the best cryptocurrency to invest in 2024? The decision is yours!

Solana (SOL)

Solana

It is thanks to its innovative architecture that Solana, famous for high-speed performance, successfully handles 65,000 transactions every second with minimum fees. The platform is a hot spot for developers and startups with a focus on decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). Its growth and stability are supported by strategic alliances with leading technology firms.

With a current market capitalization of USD 70 billion, Solana continues to innovate, introducing functionalities that facilitate crypto asset transfers across different blockchains. The Wormhole protocol is one such feature that promotes these cross-chain transfers, thereby increasing SOL’s appeal as an investment asset. Analysts from CoinPedia foresee SOL’s price hitting the USD 200 mark this year.

Ripple (XRP)

Ripple

With its innovative solutions for international payments that are faster and more cost-effective than traditional systems, Ripple is at the forefront of cryptocurrency trading. The company partners with top banking and financial institutions, including Santander, BeeTech, Canadian Imperial Bank of Commerce, and Zip Remit. Despite legal hurdles with the U.S. Securities and Exchange Commission (SEC) in the past, Ripple Labs has emerged with a favorable verdict, which has had a positive effect on XRP’s market price.

Currently, Ripple’s market capitalization is USD 30 billion. The company invests in cutting-edge blockchain technologies, preferring decentralized financial applications (DeFi) and smart contracts that leverage the XRP Ledger. These technological strides have bolstered XRP’s capabilities in the cryptocurrency sector. Market analysts from CoinCodex project an upswing in XRP’s price, expecting it to reach USD 0.64 shortly.

Dogecoin (DOGE)

Dogecoin

Dogecoin has cemented its status as a highly recognized cryptocurrency, largely due to its cultural significance and support from celebrities like Elon Musk. Its recent adoption as a means of payment in various online marketplaces and philanthropic projects has increased the coin’s practicality. The growing acceptance of DOGE for transactions improves its legitimacy as a reliable transaction currency.

With a market capitalization of USD 22 billion, Dogecoin is an investor favorite, offering a more accessible price than its counterparts, Bitcoin and Ethereum. Its affordability, coupled with market volatility, renders the coin appealing to traders in search of profit opportunities. According to Gov Capital’s analysts, DOGE is projected to hit a price point of USD 0.20 in 2024.

Toncoin (TON)

Toncoin

The cryptocurrency of The Open Network, TON was initially developed by the creators of Telegram. It is famous for its swift transaction speeds and low fees. The platform offers a solid foundation for decentralized applications (dApps) across finance and social networking. With an autonomous development team at the helm, TON has witnessed consistent growth. A key event in April was TON’s alliance with HashKey, a leading investment firm from Hong Kong, which has amplified its Asian market presence and spurred demand for this cryptocurrency.

TON’s market capitalization proudly stands at USD 18 billion. The network is at the cutting edge with features like anonymous smart contracts and decentralized data storage systems, boosting its investment appeal for the long haul. Analysts from Changelly project that TON’s price is on track to hit USD 10 soon.

Investing in TON comes with several compelling advantages:

  • connection to Telegram’s extensive user network
  • privacy upgrades via anonymous smart contracts
  • market expansion in Asia through a strategic partnership with HashKey
  • dedicated and forward-thinking development team.

Cardano (ADA)

Cardano

Cardano stands out in the blockchain space with its strong focus on security and scalability. The Alonzo update in 2021 was a game-changer for Cardano, introducing smart contracts that significantly expanded the platform’s capabilities. Looking ahead, the Basho update is set to further improve scalability and network efficiency. Cardano’s adoption of the Ouroboros consensus mechanism underscores its commitment to environmental sustainability, a factor that resonates with eco-conscious ADA investors.

With a market capitalization of USD 17 billion, Cardano enjoys the backing of a dedicated community and has established key partnerships across various sectors, including education and government initiatives like those in Ethiopia. ADA’s use in practical projects, including digital student IDs, showcases the real-world application of this blockchain technology and adds to the allure this cryptocurrency has for investors. According to analysts at Crypto News, ADA’s price is expected to approach USD 3 in the near future.

Avalanche (AVAX)

Avalanche

Avalanche sets itself apart by processing 4,500 transactions per second. With this, it surpasses the capabilities of other blockchains like Ethereum. The upcoming Vryx scaling solution is anticipated to elevate this throughput to an unprecedented 100,000 transactions per second. The platform’s DeFi ecosystem is flourishing. At the moment, it includes stablecoins, exchanges, and diverse financial instruments.

With a market capitalization of USD 13 billion, Avalanche has been proactive in establishing partnerships with prominent players like Amazon, Polychain Capital, and OKX. Its ecosystem has expanded to integrate new meme coins and applications, which broadens its functionality and boosts appeal for investors. Crypto Predictions analysts say that over this year, the price of AVAX will ascend to USD 49.

Polygon (MATIC)

Polygon

Polygon is an Ethereum scaling platform that uses Layer 2 technology to reduce latency and transaction costs. Network transactions are executed in fractions of a second for mere fractions of a cent, a cost structure that attracts dApp developers deterred by Ethereum’s higher network fees, which range from USD 1 to USD 5. This affordability draws companies looking for cost-effective blockchain solutions.

With a market capitalization of USD 6 billion, Polygon is a key player for leading DeFi, NFT, and blockchain applications. OpenSea and Aave have embraced Polygon to improve their offerings. Polygon has also achieved interoperability by integrating with blockchains like Avalanche, Solana, and Cardano. Strong support from its community fuels innovation and positively influences MATIC’s market price. According to Benzinga’s analysts, MATIC will average USD 1.55 in 2024.

Summing up

Are you at a loss about what crypto to buy now? This can be a hard choice to make indeed. The cryptocurrency market is teeming with promising projects, each expanding the horizon of potential investments. While venturing into lesser-known cryptocurrencies carries inherent risks, the assets discussed above have earned strong reputations, backed by substantial market capitalization and liquidity. To protect themselves and their assets from market volatility and enhance the likelihood of anticipated returns, investors often adopt a strategy of diversification, spreading investments across a spectrum of assets.

Need a consultation?
Please help us make the portal even more informative, up-to-date, and valuable for you and your business.

Your email address will not be published.