In this Blog we've curated a list of the top 9 cryptocurrencies to buy for US investors in 2024, focusing on strong fundamentals of this crypto coins and future growth potential.
Top 9 Best cryptocurrency to Buy in US (2024)
Bitcoin
Launched in 2009, Bitcoin is the first cryptocurrency and the most valuable cryptocurrency. Created by Satoshi Nakamoto, Bitcoin aimed to create a new form of money independent of governments or banks.
Why to buy Bitcoin ? Bitcoin is digital gold, with only 21 million Bitcoins in existence. Limited supply of Bitcoin creates scarcity with high potential returns. With the help of Blockchain technology, Bitcoin offers a way to send money globally without banks.
Current Price $66,649.70 USD
Current market capitalization $1.3 trillion USD
Ethereum
After Bitcoin, Ethereum is the world's second-largest cryptocurrency. Ethereum is a decentralized blockchain network that powers smart contracts and fueling new financial Application (Defi) and Digital Ownership.
Why to buy Ethereum ? The price of Ethereum is expected to rise in 2024, As the team aim to increasing transaction speed and reducing transaction fees.
Current Price $3,368.08 USD
Current market capitalization $404.40Billion USD
Litecoin
One of the oldest Altcoin, launched in 2011. People often mention Litecoin
as "Bitcoin's little brother." Built on a similar codebase to Bitcoin, Litecoin is designed for faster transactions and everyday use.
Why to buy Litecoin? With potential for growth and faster transaction speeds Litecoin could be an interesting investment in 2024.
Current Price $106.87 USD
Current market capitalization $7.95 Billion USD
Binance coin
Founded in 2017, Binance has become a major crypto ecosystem in the crypto world. Along with Binance coin, Today Binance exchange is one of the largest crypto exchange in the world.
Why to buy Binance ? With Dominance in the Crypto world and it's constant innovation, Binance could be game changer in the ever-changing crypto landscape in 2024.
Current Price $560.90 USD
Current market capitalization $83.87 Billion USD
Solana
One of the rising star in crypto market, Solana stands out for high transaction speeds and low fees. Unlike Bitcoin or Ethereum, it can handle thousands of transactions per second which makes transaction faster.
Why to buy Solana ? If dApps become more widely used, Solana could be a worthwhile investment in 2024.
Current Price $196.04 USD
Current market capitalization $87.18 Billion USD
XRP
Unlike Bitcoin, it's not designed to be a store of value. XRP is built on, RippleNet, a network used by banks and financial institutions. XRP focuses on facilitating the exchanges of different currency faster and cheaper way.
Why to buy XRP ? XRP can handle a high volume of transactions efficiently, making it suitable for large-scale financial operations. Partnerships with banks and financial institutions around the world also helps to showcase ripples future potential.
Current Price $0.0599385 USD
Current market capitalization $32,931,632,306 USD
Avalanche
A native Crypto and a blockchain platform, which is also the competitor of Ethereum. Avalanche uses a unique three-chain architecture. It uses separate chains to enable faster and smoother operations.
Why to buy Avalanche ? Due to its speed and scalability making it a strong choice for decentralized applications (dApps).
Current Price $47.89 USD
Current market capitalization $12,033,904,628.10 USD
Doge Coin
Started as a meme token, Dogecoin become a serious contender in crypto space.
This social media fame, combined with its low transaction fees make dogecoin a Potential Crypto for future Investment.
However, The price of Doge coin is heavily influenced by hype, making it a risky investment.
Current Price $0.202193 USD
Current market capitalization $29.06 Billion USD
Polkadot
Launched in 2017, Polkadot (DOT) is the native Crypto token of the Polkadot blockchain platform. The coin is consist of a unique multi-chain architecture. The main chain focuses on security and coordination, while other chains focuses on other activities.
Why to buy Polkadot ? It's ability to connect different network chains could be a key differentiator.
Current Price $8.68 USD
Current market capitalization $304,769,770 USD
Factors to consider before your First Investment -
Investing in crypto is a rollercoaster ride, It has potential to gain rewards, but market is volatile as well. Here are some crucial factors to consider before you buying first crypto -
Risk Tolerance
Investments with the potential for high returns often come with higher risks. Before Investing or buying any cryptocurrency, always ask yourself - How much risk are you comfortable with?
Investment Goals
Always ask yourself do you want to invest for short term or Long term ? for short time choose less volatile crypto and for Long time investment you can choose volatile Crypto that have high returns.
Project Fundamentals
Before investing on any crypto projects always research about fundamentals of that crypto and their future upgradation. you can make a more informed decision about its potential for future returns by researching.
Market Trends
Understanding market trends can help you identify potential opportunities and risks.
By carefully understanding your risk tolerance, investment goals, project fundamentals, and market trends help you to build a solid investment plan.
Conclusion
While there's the potential for high gains, Cryptocurrency market is still volatile and risky. So before investing always conduct your own research and prioritize factors like Investment goals, market trends etc. Make your 2024 successful in the crypto world.
Tags:
Crypto