The Best 4 Cryptocurrencies to Buy in 2024

The Best 4 Cryptocurrencies to Buy in 2024

The year 2024 is already moving, and decisions on investment need to be made with speed. One of the best asset classes right now is crypto, as is shown by the rising popularity of the crypto industry.

Therefore if you’re wondering which assets to invest in, crypto may be a good option to consider. The top cryptocurrency Bitcoin for example has just hit a new all-time high, which shows potentials for higher growth as we will discuss shortly.

This doesn’t mean that all crypto assets are good for investment. There are several scams out there, and you need to be careful what you put your hand in. you need to be sure that the crypto assets you’re investing in have any potential.

Therefore in this guide, we have picked out the best five crypto assets you should consider buying for investment especially as the market is heading into another bull cycle. You may not be able to buy all of them, but anyone you pick should make a good investment — eventually.

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Bitcoin (BTC)

I guess you’re not surprised that this is on top of the list. It is the oldest and most popular crypto asset in the crypto space, and has won the hearts of many investors, including corporate ones. Bitcoin’s popularity has soared because of its reliability and its tendency to serve as a hedge against inflation.

Though it’s true that it is more volatile than traditional assets, the asset has proven to be way more profitable over the years compared to the traditional assets. The recent approval of spot Bitcoin ETFs has also contributed to its popularity.

For the future, this asset has a bright future, because of the confidence that corporate investors now have in it. The upcoming halving is another event that is expected to give the price a big boost, but the earlier you get in the better.

Ethereum (ETH)

Ethereum is the leading smart contract and decentralized applications development platform. Over the years, the network has grown remarkably, causing it to be slow and expensive to use. This has led to similar projects springing up and taking advantage, but that is about to end.

Ethereum has plans to improve its speed, efficiency and scalability in 2024. This will in turn reduce the cost of using the network, and is likely to attract and retain more users. According to analysts, this gesture will make the native token, ETH, grow in value. 

We are already seeing this growth as ETH recently crossed $4,000 for the first time in years. It is projected that ETH will outperform BTC this year. That sounds like a great investment to me.

Shiba Inu (SHIB)

I know, SHIB is a meme token, with no defined use case. However, that is gradually changing as the project is incorporating real world use cases that will give it some real value. This will in turn make the value of SHIP to rise.

In fact, it is currently one of the top ten crypto assets by market cap. With the upcoming bull cycle, SHIB is expected to give investors another round of market euphoria and if you don’t mind the risk, it could be worth giving it a try.

Solana (SOL)

Solana is a formidable opponent to Ethereum, but they have both managed to coexist for this long. Remember we said Ethereum became slow and expensive? Solana is one of the best alternatives to it.

This is the secret behind the rapid growth of Solana and the native token, SOL. Interestingly, the token’s value is still way below its former all-time high and the cycle is just starting. This tells me that it has a long way to go upwards, and will take many along with it.

Are you going to be one of those who go with it or you’ll be a spectator? It’s time to decide. 

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Archie Lovell
About Author

Archie Lovell

Archie Lovell, a premier voice in crypto journalism, skillfully demystifies the intricate world of digital currencies. With a keen analytical eye and compelling narratives, Archie's writings delve deep, offering clarity amidst the complexities of blockchain. His expertise and style make him a trusted guide in the crypto space.

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