From Bitcoin and Ethereum to Tether and Dogecoin, there are over thousands of different cryptocurrencies in the world, which can make it overwhelming for you when you’re first getting started to invest in the world of crypto. To make it easier and helpful for you we are compiling the top 10 cryptocurrencies to invest in based on their Market Capitalization or the total value of all the cryptocurrencies currently in circulation.
Best Crypto to Buy Now
Bitcoin (BTC) | Market Cap: 1.3 Trillion$
Yearly Return: 143%
Bitcoin (BTC) is the most popular cryptocurrency in the world. It was created by Satoshi Nakamoto in 2009, it’s also the original cryptocurrency. Because Bitcoin (BTC) has the most cryptocurrencies it runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Though BItcoin has distributed ledgers, to keep Bitcoin secure and safe from fraudsters, the users must be verified by solving a cryptographic puzzle which is a process called proof of work .
Bitcoin’s price has skyrocketed as it’s also become a household name in the cryptocurrency society. If you want to get a better view of the price of Bitcoin then it’s better to know that, In May 2016, you could buy one bitcoin for about 500$. But as of today in September 2024, a single bitcoin’s price was around 63,480$. That’s a growth of 12,596%.a
Ethereum (ETH) | Market Cap: 316.8 Billion$ |
Yearly Return: 67%
As a cryptocurrency and a blockchain platform, Ethereum is known as a favorite of program developers. Because Ethereum has potential applications like so- called smart contracts that automatically execute a term when conditions are met and no-fungible tokens (NFTs).
Ethereum has also experienced tremendous growth as a cryptocurrency. From April of 2016 to the end of September 2024, Ethereum’s price has risen from 11$ to $2,632. Increasing it’s value to 23,832%.
Tether (USDT) | Market Cap: 119 Billion$ |
Yearly Return: 0%
Unlike some other forms of cryptocurrency, Tether (USDT) is known as a stablecoin. It means it’s backed by flat currencies like U.S dollars and the Euro and hypothetically keeps it’s value equal to one of those denominations. If we explain it in theory then Tether’s value is supposed to be more consistent than any other cryptocurrencies. That’s why it’s favored by investors who are wary of the extreme volatility of other coins.
Binance Coin (BNB) | Market Cap: 88 Billion$ |
Yearly Return: 191%
Binance Coin (BNB) is known as a form of cryptocurrency that you can use to trade and pay fees on Binance. Binance is also known as one of the largest crypto exchanges in the world. It was launched in 2017 and since then Binance Coin has expanded past merely facilitating trades on its exchange platform. And now, Binance can be used for trading, payment or even booking travel arrangements. Binance Coin can also be traded or exchanged for the other forms of cryptocurrencies like Ethereum or Bitcoin.
Solana (SOL) | Market Cap: 69 Billion$ |
Yearly Return: 653%
Solana (SOL) was developed to help power decentralized finance (DeFi) uses, (DApps) decentralized apps and smart contracts. To process transactions quickly and securely, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanism. SOL, which is known as Solana’s native token, powers the platform.
Solana was launched in 2020, at that time SOL’s price was at 0.77$. And now, at the end of September 2024, its price went up to around 143.13$. That’s an increase of 19,008% in the 4 years.
U.S. Dollar Coin (USDC) | Market Cap: 36 Billion$ |
Yearly Return: 0%
USD Coin (USDC) is stablecoin like Tether. Which means it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum. And you can also use USD coin to complete global transactions.
XRP (XRP) | Market Cap: 33.3 Billion$ |
Yearly Return: 18%
XRP is created by some of the same founders as Ripple. Ripple is a digital technology and payment processing company. XRP can be used on Ripple’s network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
At the start of 2017, the price of XRP was 0.006$. And now at the end of September 2024, XRP’s price reached to 0.59$. Which is a rise of 9,724%.
Dogecoin (DOGE) | Market Cap: 15.8 Billion$ |
Yearly Return: 79%
In 2013, Dogecoin was famously started as a joke. But it evolved rapidly into a prominent cryptocurrency thanks to a dedicated community and creative memes. There is no limit on the number of Dogecoins that can be created unlike many other cryptos. Because there is no limit, this leaves the currency susceptible to devaluation as supply increases.
In 2017, Dogecoin’s price was 0.0002$. And now in September 2024, its price was at 0.11$ which is a 54,454% increase in its value.
Toncoin (TON) | Market Cap: 14.1 Billion$ |
Yearly Return: 156%
Toncoin was originally developed for Telegram’s encrypted messaging platform as a layer-1 blockchain. Before it was being taken over by the TON foundation,Toncoin was soon abandoned. Even the project name was changed to “The Open Network” from “Telegram Open Network” which was its original name. Both of these are referred to by their acronym: TON.
Toncoin was first known as Gram, which is the native token for TON. TON is an application that allows users to buy, send and store funds on TON’s incredibly fast, environmentally friendly network.
Cardano (ADA) | Market Cap: 13.4 Billion$ |
Yearly Return: 53%
Though it came later to the crypto scene, Cardano (ADA) is notable for its validation as an early embrace of proof-of-stake. This method removes the competitive, problem-solving aspect of transaction verification in platforms like Bitcoin by expediting transaction time and decreases energy usage and environmental impact. Cardano also works like Ethereum. Candano can enable smart contracts and decentralized applications which are ADA’s (Native coin) powers.
Compared to other major crypto coins, Cardano’s ADA token has had relatively modest growth. ADA’s price was 0.02$ in 2017. But as of today in September 2024, it’s price was at 0.37$. Which can be measured as an increase of 1,764%.
Note: * These Market caps and pricing was sourced from coinmarketcap.com, as of 8:31 a.m. UTC on Sep. 24, 2024.
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