Best Cryptocurrency Coins to Buy in 2024 | Top 3 Cryptos to Buy Now

3 Best Cryptocurrency Coins
3 Best Cryptocurrency Coins

Welcome to another post which is related to Best Cryptocurrency Coins, Crypto market has seen a bearish period over the last few years. This period has made all the cryptocurrency coins uncertain and hard to predict. So, investors are still wondering which coin is best for sale-purchase right now. But remember almost all the major cryptocurrencies have potential to recover after the odd situations. 

Each crypto market has certain casualties that lead to bearish periods over time. But it never means that the market will never gain the same potential again. It’s good to govern which crypto coin is best to buy at the present time to avoid the potential losses. If you don’t analyze cryptocurrency properly, you may face some unpredictable situations. 

When choosing the right coin, you should focus on certain things to land the best option. Blockchain technology, liquidity, availability in the market, market leadership, and burning are some of the key factors to consider when choosing any currency. If you focus on these points, you can easily diagnose whether a coin has potential to grow or not. 

All the best cryptocurrency coins in the crypto projects are subject to potential growth. So, you can earn a handsome ROI over a short time period. No matter how bearish the market is, a good coin can survive all the situations. Every year different coins emerge in the market but they can’t survive longer due to their poor performance. 

Another important thing is to analyze the market of your concerned coin yourself. If you rely on unauthentic stats, you may face some technical issues post investment. It’s good to analyze the market for a few days to see how a particular crypto currency is performing. Also, keep reading the daily journals of your favorite coin to remain up to date with its market value. Additionally, keep a closer eye on the social media accounts of the crypto projects to make an informed decision.

Based on all these factors, we have analyzed the market and found the top 3 cryptocurrency coins to invest in during the next few years. Let’s explore these potential coins in detail to make a final investment decision! 

Read more: How to buy Ethereum in Australia

3 Best Cryptocurrency Coins to Invest in 2024

Investing in the cryptocurrency market actually means investing in an ecosystem. So, the best cryptocurrency coin to buy is the one you believe in. If you invest after proper research, you’ll earn remarkable gains. But if your investments go wrong, you’ll end in nothingness. So, let’s see what are the top 3 cryptocurrency coins to buy in 2024; 

Bitcoin (BTC)

Bitcoin has always been at the top of the list of cryptocurrencies due to its higher market value. And the same is true for the year 2024 as it will be the most promising coin in this year. BTC has the most market acceptance and different companies accept it as a payment method. Additionally, different legal banks in certain regions have made the BTC investments as a part of their investments. 

All this has boosted the burning rate of bitcoin in the market that has increased its demand as well. But remember that the bitcoin cas and bitcoin coins are not the same. So, choose the option wisely when making a selection. 

Ethereum (ETH)

After bitcoin, Ethereum (ETH) is the second most popular and potential crypto coin to invest in. It gained massive worth after the launch of ETH 2.0. Whether you are looking for a coin for long or short time goals, Ethereum is the best option for you. 

ETH is featuring rapid adoption in the market that is a plus point for the investors. Additionally, it is in a close competition with the BTC in terms of burning and acceptance within the market. It’s a cheaper trading option as compared to BTC but you can earn a higher ROI. 

According to our research, the market trading value of Ethereum is higher than that of bitcoin. Stats shows that the BTC was launched in 2009 with a value of $1/BTC and gained a peak value of $454/BTC in 6 years. But Ethereum was launched at a trading value of $2.83/ETH in 2015 and is now being traded at a value of $4628.89/ETH. This rapid growth has popped the ETH in the eyes of investors within a short period. 

Binance Coin (BNB)

If you want to invest on Binance marketplace, Binance (BNB) coin is the best option for you. It’s a top ranking Crypto exchanges worldwide. Especially, BNB is great for you if you want a coin built with a goal of creating Decentralised Financial (DeFi) ecosystem. 

After the above listed two currencies, Binance Coin is the major cryptocurrency of the industry. It features low transaction fees due to Binance token, so users love this coin due to low processing fees. Additionally, BNB holders can easily invest in different ETFs like ProShares Bitcoin Strategy ETF, VanEck Bitcoin Strategy ETF, Valkyrie Bitcoin Strategy ETF, etc. You can get a direct exposure to the crypto markets without owning any cryptocurrency. 

The most important thing about the BNB is its lowest gas fees. Suppose you’ll have to pay 10 cents for a normal transaction of $100. But if you are dealing in BNB on Binance, you’ll have to pay just 5 cents as fee for the same transaction. Stats show that BNB has gained almost 900% popularity over the last few years. 

Best Cryptocurrency Coins in 2024

How Do Cryptocurrency Coins Work? 

Cryptocurrency is a currency type that exists only in digital form. You can use them for online sale and purchase within the digital market. All cryptocurrencies are built on a blockchain technology that makes them trustless forms of transaction. It means that the transactions of this type are not gauged by any authority. Bitcoin was the world’s first ever cryptocurrency formed by Satoshi Nakamoto, a pseudonymous computer programmer. 

How to Invest in the Crypto Market? 

If you have a good understanding of the cryptocurrencies, you can go for different marketplaces to purchase the cryptocurrencies. These platforms may include Coinbase, Kraken, Gemini, etc. Additionally, you can go for some brokerages like WeBull or Robinhood for your crypto investments. No matter what platform or brokerage you choose, it’s recommended to do proper research before finally investing in any cryptocurrency coin. Otherwise, you may have to face odd situations rather than profit. 

Factors to Consider Before Investing in the Cryptocurrency 

Investing in cryptocurrencies is an excellent idea to grow in the upcoming years. However, it’s important to learn what factors affect the overall value of these currencies to make an informed decision. Here are the most important things to consider when purchasing any cryptocurrency coin in the market; 

  • The longevity of the coin
  • Crypto market price history of the coin
  • Market trading volume of the past few years or months
  • Blockchain technology on which the currency is built
  • Digital innovation history of the currency
  • Look a coin with strong developer activity
  • Ensure the currency has good market capitalization and value
  • Go for a volatile coin
  • A higher liquidity of the coin is good sign 
  • Higher risk tolerance means higher stability

FAQs: Best Cryptocurrency Coins in 2024

How to report crypto on taxes

Like some other stocks, cryptocurrencies are dealt as capital assets in the market. So, you’ll have to pay capital gains tax whenever you sell them and earn profit. Additionally, you’ll have to pay some tax/fee when purchasing the currency on different platforms.

How does trading cryptocurrencies differ from trading stocks?

In cryptocurrency trading you own tokens and not any stock or share. While in stock trading, you get the ownership of the stock shares once you have invested in them. If the cryptocurrencies lose worth, you’ll not receive any revenue. But if the stock prices go down, you can earn some revenue by flipping them. Additionally, the trading hours, volatility, and regulations also put these two kinds of investments in separate baskets. 

Why are cryptocurrencies important?

Cryptocurrencies have gained massive popularity due to their utility and blockchain technology. Also, different shopping malls and companies accept the renowned cryptocurrencies as payment methods, so these are great options to fix the problems with the traditional currencies.

Conclusion

Cryptocurrencies have gained massive popularity over the last decade due to their remarkable success. But the last few years have been bearish for different currencies due to certain market casualties. However, the market is now recovering from this bearish period. The unstable state of the market has confused the investors to choose the best cryptocurrency coins to invest in 2024. However, there are different coins with huge profit potential even after facing the odd situations. We have listed the top three options in our list, you can go for any of them for your future investments.

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