The Best Crypto to Buy 2024 must be taken into consideration for every investor. This cryptocurrency product has very good potential.
As a crypto investor, you should be more considerate when choosing the product. Because, some crypto products can provide maximum profits.
The Best Crypto to Buy 2024
Currently, crypto investment is growing rapidly. Crypto investors are spread all over the world with varying transaction values.
The appeal of crypto is the potential for greater profits. However, investing in crypto is also quite complicated because you have to be smart and able to read the market.
There are many types of cryptocurrency today. However, not all of them have high potential value for investment. That’s why investors have to be smart in choosing.
Cryptocurrency itself is a digital asset that can circulate without any centralized authority from a bank or government. According to Wikipedia, crypto is designed to work as a medium of exchange that uses strong money cryptography so that financial transactions are secure and control the process of creating additional units.
If you are just starting to invest, don’t just choose. The following are the best crypto to buy 2024 because they have the potential to provide big profits.
Ethereum (ETH)
First there is ETH or Ethereum. ETH is a favorite of program developers because of its potential applications. This can be seen from smart contracts which will automatically run when conditions are met and also non-fungible tokens. ETH has also experienced extraordinary growth.
Within a year, the price of ETH rose by around $US 11 to around S$3,050. This means that the increase in this cryptocurrency reached 27.627%, which is very high.
Binance Coin (BNB)
BNB or Binance Coin will also be at the forefront in 2024. This cryptocurrency is a form of coin that users can use to exchange or pay on Binance, one of the largest crypto exchanges currently.
Binance Coin was first released in 2017. Since then, BNB has grown rapidly and does more than just provide trading facilities on the Binance exchange platform.
Currently BNB can be used for trading and payments or even booking travel arrangements. This crypto can also be exchanged or replaced with other cryptocurrencies, such as Ethereum or Bitcoin.
In 2024, BNB will already be at $$572, up 571,829% from 2017 which was only $0.10. It’s no surprise that BNB is one of the best crypto to buy in 2024.
Bitcoin (BTC)
Next there is BTC or Bitcoin. This crypto has a market cap of up to $1.2 trillion. Interestingly, Bitcoin (BTC) has a year-over-year return of up to 101%.
BTC was first created by Satoshi Nakamoto in 2009. Just like most other cryptocurrencies, BTC bruns n a blockchain.
It can be said that BTC is one of the most profitable best crypto to buy 2024. This crypto is also certainly very famous.
BTC prices have skyrocketed in recent years. In 2016, users could buy BTC for as little as $500. However, in 2024 the price of BTC will reach $61,215, an increase of 12,143%.
Chainlink (LINK)
LINK or Chainlink is included in the list of the best crypto to buy 2024. This cryptocurrency functions as a decentralized Oracle network.
So, LINK provides smart contracts with real-time data. However, Coinpedia categorizes Chainlink as a high-risk investment.
Even so, LINK’s risks are equal to its benefits. The profit potential of this crypto is very high with estimates of its potential up to 10x in the next few years.
Chainlink’s role in improving smart contract functionality makes it a key player in the blockchain ecosystem. In this way, Chainlink must be considered.
Dogecoin (DOGE)
Next there is Dogecoin or DOGE which is increasingly popular. The market cap of this cryptocurrency reached $17.9 billion, which is very large.
Dogecoin actually became famous because of a joke in 2013. However, since then DOGE has become very famous as a cryptocurrency.
Unlike other cryptos, DOGE has no limits. So, this crypto can be created and that makes the currency vulnerable to devaluation as supply increases.
Aave
Aave is a DeFi protocol based on Ethereum. This crypto allows its users to take out cryptocurrency loans and earn interest.
Unlike centralized lenders, Aave is not controlled by any company. However, this crypto is owned by Aave token holders.
All of these cryptos will be very profitable if investors have sufficient investment knowledge. Apart from that, the trading platform is also very influential.
Choose the best trading platform that offers complete and reliable features so that beginners can trade well. The demo account feature is one of the things that beginners need most.
So, that’s the best crypto to buy 2024. Make sure the platform you choose provides this crypto product option.
