Before we start giving you our list of 5 cryptocurrencies to invest in 2024, we have to strongly advise you to follow your instincts and do your own research as this is more of a holistic way of looking at these next five currencies.
With the crypto market in such disarray, we can apply the golden rule of cryptocurrency to try and make some profits for the future. The rule in question would be “always buy the dip” or “always buy during the red wave”. You could even consider a trading app like BitcoinEra.app if you want quick gains in an automated system that invests your hard-earned money into the cryptocurrency market.
This means that cryptos are quite cheap, and we can argue the prices will go up by the end of 2024 and the begging of 2024 for some of them. So without further ado, here are our predictions for the top 5 cryptocurrencies to invest in 2024.
Never ignore the potential of Bitcoin, after all, Bitcoin was the currency that managed to hit an unbelievable price of $20,000. Investing in Bitcoin is probably your safest bet; however, the currency currently stands at $10,725, making it quite high. But high is good, and Bitcoin is good, as the pioneer of crypto is slowly starting to gain grounds from the huge $20,000 price.
$10,725, although high, is a really good price to buy Bitcoin. We are very optimistic about Bitcoin because of the latest technical competence with Segwit, Schnorr signatures, MAST, MimbleWimble, Bulletproofs, and tons of more who will be making it hard for other cryptos to catch up to it.
If you’re not familiar with Litecoin, then 1k-dailyprofit.com has put it quite nicely saying that Litecoin is the silver while Bitcoin is the gold and you should definitely read more on that. However, one thing that Litecoin has over Bitcoin is the fact that Litecoin is made to be payment crypto because of the super-fast transaction speeds. Currently, Litecoin processes around $25,000 transaction per day, which is the highest of any cryptocurrency.
The founder, Charlie Lee has pioneered the implementation of segwit, atomic swaps, and lightening on its main net, making it one of the best cryptos to invest and HODL.
Binance Coin or BNB is the native crypto of the mega-popular cryptocurrency exchange, Binance.BNB was launched back in 2017, and it was used to facilitate trading fee waivers on the Binance exchange.
But the best thing about BNB is the fact that it indirectly benefits its users.
The benefit comes from Binance, which uses 20% of its quarterly profits to buy back BNB and subsequently destroy it to crate scarcity to reward its BNB holders. This action will continually happen until Binance manages to buy 50% of all BNB back, which is around 100m BNB.
Tezos is a direct competitor or Ethereum who had a very shaky ICO that only managed to raise $230 million. However, Tezos launched its main net and is preparing to take the mantle of the number one dominant platform for decentralized apps and smart contracts, the current holder being the Ethereum main net.
Tezos is quite promising, to say the least, because of the potential to build decentralized apps and smart contracts on the blockchain. Plus, every stakeholder gets to vote on amendments to the protocol, making Tezos one of the only crypto’s to allow its stakeholders to directly have a say in things.
Ethereum has much potential to be one of the very biggest crypto’s in the game, however, the recent scaling problems are making it more and more troublesome, to say the least. But we must not forget that Ethereum is the platform on which the world builds upon.
The Ethereum network pioneered decentralized applications and smart contracts, and a lot of cryptocurrencies are all stationed on the Ethereum network.
Simply put, Ethereum has its problems sure, but the potential it has is too much not to put a punt on it for the future.