As the Bitcoin halving event approaches, the cryptocurrency market is entering a bullish phase, with nearly all high market cap coins and tokens showing positive momentum. This trend is expected to continue in the near term. During such a phase, market capitalization becomes an even more critical factor, offering a clearer insight into the top cryptocurrencies by reflecting their value and the confidence investors place in them. In this guide, we’ll delve into some of the best cryptocurrencies to invest in, focusing on market cap and other key factors. Additionally, we’ll provide guidance on how and where to securely purchase these assets in April 2024.
What are the best cryptocurrencies to buy now?
1. Bitcoin (BTC)
Bitcoin (BTC) stands out as the premier cryptocurrency, boasting a market cap exceeding $1.3 trillion. After a downturn, it has rebounded, achieving an all-time high of $73,750 in April 2024. Its impressive growth of nearly 155% annually and over 1,700% in the last five years underscores its potential for enduring value growth, earning it the title of “digital gold.”
Bitcoin is securely available for purchase on platforms like Binance and Bybit.
2. Ethereum (ETH)
Ethereum (ETH) ranks just behind Bitcoin, securing its position as a leading cryptocurrency with substantial investment value. Sporting a market cap of around $425 billion, ETH has seen an impressive upswing of nearly 100% year-on-year. On a five-year timeline, the ETH/USD pair boasts a remarkable growth of almost 2,500%. The burgeoning interest in Ethereum-based innovations, such as the Ethereum Name Service (ENS), lucrative staking opportunities, network upgrade proposals (EIPs), and NFT-centric token standards (ERCs), underscores Ethereum’s escalating potential and status as one of the prime cryptocurrencies to invest in.
Ethereum is safely available for acquisition on platforms like Binance and Bybit.
3. BNB (BNB)
BNB (BNB) stands as the cornerstone asset of the BNB Chain blockchain, consistently featuring as a top cryptocurrency since its inception in 2017. It fulfills dual key roles:
- Discounted fees and enhanced functionalities for BNB holders on the Binance exchange.
- Serving as the native currency for gas fees on the BNB Chain, essential for DApps.
Moreover, it presents a more rapid and cost-effective alternative to Ethereum for the deployment and operation of DApps.
With a market cap surpassing $90 billion and a year-on-year increase of 92.65%, holding BNB over the last five years would have netted investors a profit exceeding 3,600%.
BNB can be securely purchased on platforms like Binance and Bybit.
4. XRP (XRP)
XRP has been a mainstay in the cryptocurrency landscape since 2012, consistently attracting investors with its growing array of applications and strategic partnerships. It remains an integral part of discerning investors’ portfolios.
As the sixth-largest cryptocurrency by market cap (over $35 billion), XRP has witnessed a slight increase of approximately 10% from last year. However, its value has soared by nearly 200% over the last five years.
XRP is available for purchase on major platforms like Binance and Bybit.
5. Dogecoin (DOGE)
Dogecoin originated from a meme as a light-hearted jest but has since evolved into a cryptocurrency recognized by earnest investors. It holds the eighth position among the top cryptocurrencies by market cap (over $30 billion). Distinct from assets like Bitcoin, DOGE is not subject to a cap on its maximum supply. Yet, DOGE has experienced significant growth, with an increase of 184% year-on-year.
Delving deeper into its history, the price of DOGE has astonishingly risen by 102,909.89% since its inception in 2015.
Dogecoin is available for trading on prominent platforms such as Binance and Bybit.
6. Solana (SOL)
Solana distinguishes itself as a smart contracts platform featuring a groundbreaking architecture that breaks through transaction speed limitations. It boasts the capacity to handle thousands of transactions per second at minimal costs.
The price of SOL mirrors the surge in network activities, with an impressive increase of nearly 800% over the past year and a staggering 22,247.77% since its debut in May 2020.
Boasting a market cap of over $80 billion, this premier altcoin occupies the fifth position in the ranking of the best cryptocurrencies to purchase.
Solana is available for acquisition on leading exchanges like Binance and Bybit.
7. Cardano (ADA)
Cardano, a relatively new player in the crypto space with a substantial market cap of $24 billion, emphasizes sustainability while offering notable scalability and smart contract functionalities. ADA, Cardano’s native token, navigated through last year’s extended bear market and has achieved a respectable return on investment (ROI) of just under 70% year-on-year. Over a span of five years, its value has escalated by nearly 980%.
Cardano is available for trading on major platforms such as Binance and Bybit.
8. Tether (USDT)
Tether (USDT), with a market capitalization surpassing $104 billion, stands as the most prominent stablecoin and ranks as the third-largest cryptocurrency. Being a stablecoin, its value consistently mirrors $1 USD, offering investors a haven from the crypto market’s fluctuations. USDT’s widespread acceptance across exchanges positions it as a pivotal intermediary between fiat currencies and the digital currency ecosystem.
Tether is available for use on leading platforms such as Binance and Bybit.
9. Avalanche (AVAX)
After enduring a sluggish period for several months, AVAX has been gaining momentum since Q4 2023, a trend that has continued unabated. It’s presently positioned at #10 among the top cryptocurrencies by market cap (over $20 billion). AVAX has witnessed a remarkable 211% increase in price over the past year and an even more impressive 1,065% increase since its inception in 2020. Given the consistent rise in transactions and web3 activities fueled by smart contracts, this upward trajectory is anticipated to persist into the foreseeable future, making AVAX a top contender for the best cryptocurrency investments.
AVAX is available for purchase on leading exchanges like Binance and Bybit.
