The year 2020 made people, and the government hit a reset button that eventually paved the way for the new world order. People saw the digital world as an opportunity to explore and subsequently saw the rise of digital currency. This is mainly due to the fact that many e-commerce companies were diversifying their payment options.
Also, the returns on these currencies were more than the normal currencies. Moreover, it has no issues with currency changes and bank charges, which makes it a convenient option for people to choose from. Likewise, there has been a steep rise in the usage of digital currencies.
Similarly, it affects the other people around, and even they are looking for suggestions to invest in digital currencies. That is why, in the next section, we will discuss some of the best cryptocurrencies that you can invest in.
Let’s talk money –
Best Cryptocurrencies For 2024 To Invest In
As discussed earlier, people want suggestions on types of cryptocurrencies that they can invest in 2024. This is because digital currencies give more leverage and usability than normal currencies. In addition, the value of cryptocurrencies is more than any other currency note.
Moreover, there are 24,000 cryptocurrency projects under construction, and experts estimate the market will reach 5 trillion USD by 2030. This is more than the GDP of 190 countries, including India.
Here are a few suggestions on the cryptocurrencies list that you can use in 2024 –
1. Bitcoin
Bitcoin is the original cryptocurrency which came into existence in 2009. Satoshi Nakamoto, the founder of Bitcoin, has seen a massive rise in the digital currency with a market value of 848 billion USD. Bitcoin is currently built with security features, making it difficult for fraudsters to misuse.
The markers use blockchain technology to make the usage secure and safe for customers who invest in it. In addition, there are many cryptocurrency puzzles to ensure that only the right people are using it. The pain point is that its value has been skyrocketing since 2019, with a single Bitcoin costing 45,000 USD. Therefore, it is the right time to invest in the digital currency and secure your finances and future.
2. Ethereum (ETH)
This is something that will interest Manchester United fans because there is ETH (Erik Ten Hag). Besides this, Ethereum is one of the biggest names in the crypto world. It is the favorite thing of developers. This is mainly due to their applications, like smart contracts, which work and predict better investments like NFTs.
In addition, Ethereum (ETH) is on the growth curve with a market value of 287 billion USD. Furthermore, Ethereum’s (ETH) trajectory from 2016 to 2024 grew by 21,000%. Their current value is from 11 USD to 2,393 USD. Therefore, you might look at digital currency if you want to invest your money in 2024.
3. Tether (USDT)
If you want stability in your life, Tether (USDT) is the one for you. This is because it is backed by U.S. Dollars and Euros, which ensure the market fluctuations are not too volatile. In addition, it gives customers a flat and consistent trajectory and doesn’t face any issues while investing.
Most of the investors look to invest in Tether due to its consistency. The non-volatile nature of the currency has led to its rise to the market value of 91.8 billion USD. Hence, the market value gives a good vibe to test your investment strategy and move you towards a better future.
4. Solana (SOL)
Solana (SOL) is the latest addition to the digital currency, offering users much transparency. It seeks to decentralize the finances and provide better value to the people. The currency power of decentralized apps decentralizes finances and smart contracts. This allows customers to trade in a secure way.
In addition, the technology installed in the system will make your investment safe and help you engage in healthy practices. Hence, you will see the growing popularity of Solana (SOL) in the crypto market. Consequently, when the currency came into existence in 2020, it was 0.77 USD, and now it’s 112 USD, which is a mammoth 14,000% rise. So, if you want to diversify your investment, you can add the currency to enhance your investment portfolio.
5. Binance Coin (BNB)
Another cryptocurrency where you can invest is Binance Coin. They are too easy to use, and you can use them to trade and pay for your necessary items. In addition, Binance is one of the biggest crypto exchange platforms. Hence, you can exchange your digital currencies with minimal charges.
Also, the trading platforms have increased the currency’s market value since its launch in 2017. The price of Binance Coin was 0.10 USD in 2017, and today, it is 317 USD – thus, it showcases the 317,253% growth of the currency. Consequently, it showcases good returns, which certainly will boost your finances in 2024.
6. U.S. Dollar Coin (USDC)
We are adding stability to your investment strategy for the new year because volatility can go both ways. The U.S. Dollar Coin is much like a Tether. It is stable and grows slowly in the market. This allows people in business and people to invest in it properly. Also, the market cap of the currency is 24.7 billion USD.
The digital currency has the backing of U.S. Dollars. Therefore, you will get one USDC at the price of one USD. Simultaneously, you don’t have to spend money on the investment. Lastly, Ethereum provides support to the currency, which will allow you to do global transactions. So, you can easily save some dollars at the end of money to invest in coins.
The Bottom Line
In the end, we can say that the cryptocurrencies mentioned above are a good investment to make in 2024. January has just come. It is the best time to plan for the year and set financial goals. Furthermore, you must consider your investment and try to save some to invest in the following currencies. They will secure your family’s future and allow your children to study at Harvard or Yale.
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