ItHeading to 2024, the world of cryptocurrency has seen revolution after revolution, and it continues to offer a lot of potential investment opportunities both for experts and beginners. These are top 20 crypto to buy for 2024:
Bitcoin (BTC)
- Current Price (August 2024): $29,500
- Price in August 2023: $24,000
- Year-over-Year Increase: 23%
Popularly referred to as the “digital gold,” Bitcoin is the world’s first and largest cryptocurrency. Strong investment potential is backed by strong adoption, growing institutional interest, and a series of Bitcoin ETFs being introduced to the market.
Ethereum (ETH)
- Current Price (August 2024): $1,850
- Price in August 2023: $1,500
- Year-over-Year Increase: 23%
Ethereum hosts decentralized applications (dApps) and smart contracts. Being launched as an upgraded version of the PoS protocol, Ethereum 2.0 is more scalable and energy-efficient than ever, attracting more developers and investors into the ecosystem.
Binance Coin (BNB)
- Current Price (August 2024): $250
- Price in August 2023: $320
- Year-over-Year Decrease: 22%
BNB stands for Binance Coin, being the official token of one of the largest cryptocurrency exchanges in the world. It has a number of usage values within the several activities that may go on within the Binance platform itself, including trade-fee discounts and being part of the purchase of tokens issued through their token sales. Following further growth and diversification of services by Binance, the increased utility value of BNB is, therefore, enjoyed.
Solana
- Current Price (August 2024): $22
- Price in August 2023: $35
- Year-over-Year Decrease: 37%
Solana has become one of Ethereum’s main rivals because of high speed and low fees. Its growing adoption across ecosystems through dApps and partnerships gives it an easy favorite spot for 2024.
Cardano (ADA)
- Current Price (August 2024): $0.29
- Price in August 2023: $0.50
- Year-over-Year Decrease: 42%
Cardano is most well-known for its sustainability and intensive research processes. Its proof-of-stake consensus mechanism, coupled with recent upgrades regarding smart contract functionalities, makes it quite a promising platform for dApp development.
XRP (Ripple)
- Current Price (August 2024): $0.62
- Price in August 2023: $0.36
- Year-over-Year Increase: 72%
XRP is tailored for quick and inexpensive cross-border transactions. Following the lawsuit, XRP remains one of the heftier players in the fintech field, being used by banks and financial institutions around the world.
Dogecoin (DOGE)
- Current Price (August 2024): $0.07
- Price in August 2023: $0.07
- Year-over-Year Change: 0%
Dogecoin was started as a joke, but with time, it has turned into a proper and real form of cryptocurrency where huge crowds are actually following it and investing. With its small price and big recognition, it is an easy coin to invest in.
Polkadot (DOT)
- Current Price (August 2024): $5.50
- Price in August 2023: $8.00
- Year-over-Year Decrease: 31%
Polkadot allows different blockchains to interoperate with one another within a scalable ecosystem. Due to its unique design and growing number of parachains, it, consequently, enhances performance and investment potential.
Avalanche (AVAX)
- Current Price (August 2024): $12.50
- Price in August 2023: $22.00
- Year-over-Year Decrease: 43%
The AVAX token will be used for staking, acting as a utility token in the Avalanche platform. It attains higher transaction throughput and lower latency and is likely to be integrated into DeFi applications and enterprise solutions. Further strategic partnerships for Avalanche enhance the prospects.
Chainlink (LINK)
- Current Price (August 2024): $8.00
- Price in August 2023: $6.50
- Year-over-Year Increase: 23%
These node operators are paid in LINK tokens for the retrieval of data. It continuously integrates new blockchains into its network and, in addition, securely links smart contracts off-blockchain to data.
Litecoin (LTC)
- Current Price (August 2024): $70
- Price in August 2023: $65
- Year-over-Year Increase: 8%
Often known as the silver to Bitcoin’s gold, Litecoin allows for faster transactions with lower fees. The lower fees associated with Litecoin, combined with upcoming developments and its affiliation with Bitcoin, suggest growth potential toward 2024.
Tether (USDT)
- Current Price (August 2024): $1.00 (stablecoin, typically pegged to USD)
- Price in August 2023: $1.00 (stablecoin, typically pegged to USD)
Tether acts as a US dollar-pegged stablecoin, providing stability and liquidity that most traders seek to hedge against crypto market volatility.
Stellar (XLM)
- Current Price (August 2024): $0.13
- Price in August 2023: $0.11
- Year-over-Year Increase: 18%
Stellar aims to make cross-border transactions and banking more inclusive for the unbanked. An initiative toward financial inclusivity, along with engagement with larger financial institutions, further enhances the investment appeal.
Uniswap (UNI)
- Current Price (August 2024): $5.80
- Price in August 2023: $6.20
- Year-over-Year Decrease: 6%
Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum. The importance in the DeFi space, where constant innovation occurs, consequently leads to recognition as a key cryptocurrency token.
Aave (AAVE)
- Current Price (August 2024): $60
- Price in August 2023: $85
- Year-over-Year Decrease: 29%
Aave is a top lending and borrowing protocol in the space. Its strong technology and community backing put it as the spearhead of decentralized finance.
VeChain (VET)
- Current Price (August 2024): $0.017
- Price in August 2023: $0.022
- Year-over-Year Decrease: 23%
VeChain mostly focuses on supply chain management and business processes. The active collaboration with major business structures, coupled with real-world use cases, highlights its potential and investment in the technology.
EOS
- Current Price (August 2024): $0.70
- Price in August 2023: $1.20
- Year-over-Year Decrease: 42%
EOS is the dynamic decentralized apps platform and is the most capable decentralized platform now. Recent updates, coupled with a strong emphasis on community-driven development, are signaling a promising investment opportunity in this token.
Tezos (XTZ)
- Current Price (August 2024): $0.70
- Price in August 2023: $1.30
- Year-over-Year Decrease: 46%
Tezos is a self-amending blockchain-based platform with on-chain governance for updating without the need for a hard fork. seems very worthwhile to consider in the direction of security and the continuous evolution of the protocol.
Algorand (ALGO)
- Current Price (August 2024): $0.11
- Price in August 2023: $0.23
- Year-over-Year Decrease: 52%
The architecture of Algorand is meant for scalability and to build a secured atmosphere in which decentralized applications are developed. With advanced technology and a commitment to innovation, this, therefore, emerges as one of the top picks for the coming year.
Hedera Hashgraph (HBAR)
- Current Price (August 2024): $0.046
- Price in August 2023: $0.078
- Year-over-Year Decrease: 41%
Hedera Hashgraph: Hashgraph, a new kind of consensus algorithm, offers remarkable throughput and very low latency. With increasing enterprise adoption and a focus on cutting-edge technology in the cryptocurrency space, Hedera Hashgraph is, therefore, the platform to watch.
| Cryptocurrency | Current Price (Aug 2024) | Price (Aug 2023) | YoY Change |
| Bitcoin (BTC | $29,500 | $24,000 | +23% |
| Ethereum (ETH) | $1,850 | $1,500 | +23% |
| Binance Coin (BNB) | $250 | $320 | -22% |
| Solana (SOL) | $22 | $35 | -37% |
| Cardano (ADA) | $0.29 | $0.50 | -42% |
CONCLUSION
Investing in the top 20 crypto assets is diversifying one’s investments with incredible returns. Carry out good research, and assess the market conditions before diving headfirst.
