8 Best Cryptocurrencies: For the first time in more than two years, the total value of cryptocurrencies worldwide has gone over $2 trillion. This is a big deal because it marks a major moment in the industry’s bouncing back.
People who love cryptocurrency have been waiting a while for prices to go up again. Now that they have, investors can take advantage of the opportunity to potentially make a lot of money.
Now that things are shifting, it’s a good idea to find the top cryptocurrency to invest in. This article will talk about what makes these eight cryptocurrencies stand out and why they’re smart buys before the market really takes off.
1. Sui (SUI)
One of the top altcoins that could do well in the 2024 bull market is Sui (SUI). The Sui network has grown really fast lately, with its total locked value increasing by more than 1,000%.
In less than a year, Sui has become one of the top ten DeFi projects, with a locked value of over $575 million, according to data from DeFiLlama.
As the network gets bigger, analysts think that in 2024, the value of Sui coin will go way up. So far this year, Sui has gone up by over 120%, trading at around $1.5. Because it’s growing so fast, a lot of people want to have Sui as part of their DeFi investments.
2. Solana (SOL)
In 2023, Solana (SOL) was a top choice for investing in cryptocurrency because its value increased by over ten times. It’s better than Ethereum because it uses a combination of proof-of-history (PoH) and proof-of-stake (PoS) methods, which lets it process lots of transactions very quickly.
The Solana community is growing fast because of recent free token giveaways. Solana’s price went past $120 in 2024, and some crypto experts think it could go up by 10 times more this year, so buying SOL might be a good idea.
3. Cardano (ADA)
Cardano (ADA) is a well-known blockchain project that keeps getting more popular each year. It’s been the busiest project on Github for the past year, showing that its community is really involved and coming up with new ideas.
The platform has been changing, especially with big improvements like the Vasil hard fork. Charles Hoskinson, who started Cardano, has talked about a new upgrade called Plutus V3.
This upgrade shows that Cardano is making more progress, which makes it a good DeFi project to invest in. In 2024, ADA might reach its highest value ever.
4. Meme Moguls (MGLS)
Meme Moguls (MGLS) wants to change the meme coin world by mixing meme coins and gaming together. They’re creating a new DeFi project that will make a game to help people learn about investing and spreading out their money.
In the game, players will get pretend money to practice investing. But if they reach certain goals, they can start getting real money rewards. It’s seen as a great DeFi project to put money into.
Only people who own the platform’s token, MGLS, can play the game. This makes MGLS a top choice for investing because it lets you use the Meme Moguls platform. Plus, if you have Meme Moguls coin, you can stake it to earn rewards, giving you extra money without doing much.
Right now, each coin costs $0.0036, but it’s expected to go up to $0.50 by 2024, so it’s a smart crypto to buy before the market gets really good in 2024.
5. Chainlink (LINK)
Chainlink (LINK) is leading the way in giving real-world information to smart contracts on the blockchain. As more people use Chainlink for real-world purposes, experts think LINK is one of the best cryptocurrencies to have in 2024.
LINK’s price has been going up a lot lately, from $13.53 to $20.82 in a month. Experts think it could keep going up, maybe reaching $45 in 2024. They say it’s a good cryptocurrency to buy while prices are going up.
6. Ripple (XRP)
Ripple (XRP), a popular cryptocurrency, is mainly used for making international money transfers easier and faster. To encourage more people to use XRP for sending money abroad, Ripple has partnered with other organizations.
This altcoin has a lot of potential, making it one of the top picks to buy. Once it starts gaining momentum, its value could skyrocket. Recently, Ripple’s price has increased by 8.6%, ranging from $0.5167 to $0.5762.
The market is now bullish, and there’s a strong chance the token could surpass $1 in the next few months.
7. Tron (TRX)
Tron’s price has been steadily going up by 7.2% after staying in a tight price range. It went up from $0.1229 to $0.1325 in a week.
Right now, Tron’s RSI value is 81.10, showing that it’s in an overbought position. This means the price of Tron is likely to keep going up according to the RSI indicator.
8. Shiba Inu (SHIB)
Shiba Inu (SHIB) started as a fun meme coin, similar to Dogecoin. But it has grown a lot since then and is now the second-biggest meme coin based on how much it’s worth.
This happened because the Shiba Inu community and their team have worked really hard and come up with cool ideas. They made their own blockchain called Shibarium and a trading platform called ShibaSwap.
Currently, the Shiba Inu team is trying out an auto-burn feature on Shibarium to decrease the supply of the SHIB meme token. This might raise the value of the meme coin later on.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
