Owing to the worth of cryptocurrency today, every investor is interested in owning some share of profit from the same. And why should they not be when the worth of these virtual currencies has skyrocketed in a few month’s time?
Top Crypto to Buy in 2024
1. Bitcoin
Bitcoin is one of the most popular cryptocurrencies currently in the market, with a market cap of over $1,208 billion. Worth noting, Bitcoin holds immense worth along with wide adaptability. Despite its popularity among investors, virtual currency is still relatively low in circulation compared to traditional assets.
2. Tether
Tether’s current market cap is over $112.86 billion. Cryptocurrency is used in transactions and trading commonly, making it the best cryptocurrency to invest in for future-proofing investment decisions.
3. Solana
Solana is known for offering rapid transaction speed that can go up to 65,000 transactions per second. Additionally, its low-cost accessibility gives investors another reason to invest in this best cryptocurrency to invest today. Solana has dominated the crypto market trends for a while now.
4. Avalanche
Avalanche is a high-throughput blockchain platform known for its low transaction fees and eco-friendly consensus mechanism. As of 2024, Avalanche has a market cap of approximately $9.91 billion.
5. Cardano
Cardano uses a Proof-of-Stake (PoS) consensus mechanism and is known as the top crypto to buy now to apply an academic approach to the development process. As of June 2024, the Cardano market cap stands tall at an approximate value of $13.84 billion.
Risks and Challenges Affiliated with the Crypto Trading
While cryptocurrencies can be rewarding, there are risks aligned with such investments as well. Before you decide to make an investment in this category of digital asset, make sure you are clear about the risks that are affiliated with it. Let us introduce you to them.
1. Market Volatility
2. Technological Risks
3. Security Risks
Wrapping Up
