Best Cryptocurrency To Buy Right Now To Invest in 2024

Best Cryptocurrency To Buy Right Now To Invest in 2023-2024

Best Cryptocurrencies You Must Buy and Hold

The importance of buying crypto is a hotly debated topic. Some people believe that it is a wise investment, while others believe that it is too risky. There are a number of reasons why people might choose to buy crypto. Some people believe that it is a hedge against inflation, as the value of crypto is not tied to any government or central bank. Others believe that crypto has the potential to revolutionize the way we store and transfer value.

And still others believe that crypto is simply a new asset class that has the potential to generate significant returns.

Of course, there are also risks associated with buying crypto. The market is volatile and the prices of cryptocurrencies can fluctuate wildly. Additionally, crypto is a relatively new asset class and there is no guarantee that it will continue to grow in value. Ultimately, the decision of whether or not to buy crypto is a personal one. There is no right or wrong answer, and each individual must weigh the risks and rewards before making a decision.

Here are some of the potential benefits of buying crypto:

  • Hedge against inflation: Cryptocurrencies are not subject to government or central bank control, which means that their value is not affected by inflation. This makes them a good option for people who are looking to protect their wealth from inflation.
  • Potential for high returns: The cryptocurrency market is still relatively young and volatile, which means that there is the potential for high returns. However, it is important to remember that there is also the potential for high losses.
  • Disruption of the financial system: Cryptocurrencies have the potential to disrupt the traditional financial system. For example, they could be used to make payments without the need for a third party, such as a bank.
  • Investment in new technology: By investing in crypto, you are investing in new technology that has the potential to change the world.

Here are some of the potential risks of buying crypto:

  • Volatility: Inherent to the cryptocurrency market is its pronounced volatility. With prices of cryptocurrencies experiencing significant swings, forecasting potential profits or losses becomes challenging.
  • Fraud: There have been a number of scams involving cryptocurrencies. It is important to be careful when investing in crypto and to only invest with reputable companies.
  • Security Concerns: Digital wallets, where cryptocurrencies are held, are susceptible to cyberattacks. It is important to take steps to protect your crypto, such as using strong passwords and storing your crypto in a secure wallet.

So, if you’re interested in buying crypto, keep reading this article to find out what are the best crypto currencies at the moment. 

Top best cryptocurrencies To Buy Right now :

  1. Bitcoin(BTC) : Bitcoin was created by an enigmatic figure or group known as Satoshi Nakamoto. It stands as a digital currency, uniquely decentralized and immune to government or financial institution control.
  2. Ethereum(ETH) : Ethereum functions as a decentralized, open-source blockchain, featuring its native cryptocurrency called Ether (ETH). Going beyond its fundamental role, ETH serves as the cornerstone platform for numerous other cryptocurrencies and enables the execution of decentralized smart contracts.
  3. Arbitrum (ARB) : Arbitrum serves as a layer-2 scaling solution designed for Ethereum. Utilizing optimistic rollups, it facilitates quicker and more cost-effective transactions on the Ethereum network. ARBITRUM, the native token of the Arbitrum network, plays a central role in its ecosystem.
  4. Cardano (ADA) : Cardano (ADA) is a decentralized, open-source blockchain platform. It stands among the early blockchains to adopt a proof-of-stake consensus mechanism, known for its energy efficiency, in contrast to the proof-of-work mechanism used by Bitcoin and Ethereum
  5. Polygon (MATIC) : Polygon (MATIC) operates as a layer-2 scaling solution designed to enhance Ethereum’s scalability. It employs a range of techniques, such as sharding, optimistic rollups, and zero-knowledge rollups, to achieve this goal.
  6. Chainlink (LINK) : Chainlink (LINK) operates as a decentralized oracle network, providing reliable and secure data feeds to blockchain-based smart contracts. This trust-minimized system employs a network of nodes to validate data from external sources.
  7. Polkadot (DOT) : Polkadot (DOT) is a blockchain protocol that facilitates the interconnection of multiple blockchains, enabling seamless communication and data sharing among them.
  8. Hedera Hashgraph (HBAR) : Hedera Hashgraph (HBAR) is a distributed ledger technology (DLT) utilizing a distinct consensus mechanism known as ‘hashgraph.’ Hashgraph offers enhanced efficiency and scalability compared to the consensus mechanisms employed by Bitcoin (Proof-of-Work) and Ethereum (Proof-of-Stake)
  9. Gala (GALA) : Gala (GALA) is a cryptocurrency fueling the Gala Games ecosystem, a blockchain-powered gaming platform designed to empower players with greater control over their gaming experiences.
  10. Solana(SOL) : Solana is a blockchain platform known for its scalability, security, and energy efficiency. It employs a distinctive hybrid consensus mechanism known as Proof of History (PoH), enabling it to handle thousands of transactions per second (TPS) while maintaining low fees

Best Cryptocurrency To Invest In 2024 Explained:

1. Bitcoin(BTC)

Originating in 2009 from an anonymous entity or group known as Satoshi Nakamoto, Bitcoin stands as a digital currency. Its decentralized nature ensures it remains free from governmental or financial institution oversight. This makes it a popular choice for people who want to protect their wealth from inflation and government interference.

Here are some of the reasons why Bitcoin is considered to be the best cryptocurrency:

Market and Supply data:

Price$1,634.99
Max SupplyInfinite 
Circulating Supply120,219,495 
Market Cap$196,547,521,429
Fully Diluted Market Cap$196,538,967,186
All Time High$4,891.70
All Time Low$0.4209
Coinography

2.Ethereum (ETH)

Ethereum operates as a decentralized, open-source blockchain, boasting its inherent cryptocurrency, Ether. Beyond its primary function, ETH also serves as a foundational platform for a myriad of other cryptocurrencies and facilitates the execution of decentralized smart contracts.

Here are some of the reasons why Ethereum is considered to be the best cryptocurrency:

  • Scalability: With a design focus on scalability, Ethereum is equipped to manage a substantial volume of transactions. This makes it a good choice for applications that require a lot of transactions, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
  • Security: Ethereum is a secure blockchain that is protected by cryptography. Such cryptographic measures render counterfeiting or double-spending highly challenging.
  • Programmable: Ethereum is a programmable blockchain, meaning that it can be used to create decentralized applications (dApps). Its programmable nature transforms it into a multifaceted platform suitable for diverse applications.
  • Community Engagement: Ethereum is backed by a robust and dynamic community of developers and enthusiasts. This makes it a well-supported platform that is likely to continue to grow in the future.
  • Innovation: Ethereum is constantly being innovated, with new features and applications being added all the time. This makes it a dynamic platform that is always evolving.

One major disadvantage for Ethereum is governance issues: Ethereum is a decentralized platform, but there is no clear way to resolve disputes or make changes to the protocol. Such ambiguities might pose challenges down the line.

Market and Supply data:

Price$1,634.99
Max SupplyInfinite 
Circulating Supply120,219,495 
Market Cap$196,547,521,429
Fully Diluted Market Cap$196,538,967,186
All Time High$4,891.70
All Time Low$0.4209
Coinography

3.Arbitrum

Arbitrum is a layer-2 scaling solution for Ethereum. It uses optimistic rollups to enable faster and cheaper transactions on Ethereum. ARBITRUM is the native token of the Arbitrum network.

Here are some of the reasons why Arbitrum is considered to be the best currency:

  • Scalability: Arbitrum is a layer-2 scaling solution, which means that it can help to increase the scalability of Ethereum. This is important because Ethereum is currently facing scalability issues, which can lead to high gas fees and slow transaction speeds. By using Arbitrum, users can enjoy faster and cheaper transactions on Ethereum.
  • Security: Arbitrum uses optimistic rollups, which are a provably secure way to scale Ethereum. This means that your funds are safe when using Arbitrum. Optimistic rollups work by batching transactions together and submitting them to the Ethereum mainchain. If there is a dispute about a transaction, it is resolved using a fraud proof. This makes optimistic rollups very secure.
  • Cost-effectiveness: Arbitrum transactions are much cheaper than Ethereum transactions. This is because Arbitrum does not require miners to verify transactions. Miners are the entities that secure the Ethereum network and they are rewarded with ETH for doing so. However, they also charge a fee for verifying transactions. Arbitrum does not require miners, so there are no transaction fees.
  • Liquidity: Arbitrum is a growing network with a large and active community of users. This means that there is a lot of liquidity on the network, which makes it easy to buy and sell ARBITRUM. Liquidity is important for the price stability of a cryptocurrency.
  • Utility: ARBITRUM has a number of utilities on the Arbitrum network. For example, it can be used to pay for gas fees, to stake for rewards, and to participate in governance. This gives ARBITRUM value and makes it a good investment.

Market and Supply data:

Price$0.9008
Max Supply10,000,000,000
Circulating Supply1,275,000,000
Market Cap$1,148,519,956
Fully Diluted Market Cap$9,007,999,658
All Time High$11.80
All Time Low$0.8762
Coinography

4.Cardano (ADA)

Cardano (ADA) is a decentralized open-source blockchain platform. It is one of the first blockchains to be built on a proof-of-stake consensus mechanism, which is more energy-efficient than the proof-of-work consensus mechanism used by Bitcoin and Ethereum.

Within the Cardano ecosystem, ADA functions as the primary cryptocurrency. It can be used to pay for transactions on the network, to stake for rewards, and to participate in governance.

Here are some of the reasons why ADA is considered to be one of the best cryptocurrencies:

  • Scalability: With its architecture centered on scalability, Cardano can efficiently manage a vast volume of transactions. This makes it a good choice for applications that require a lot of transactions, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
  • Security: Cardano is a secure blockchain that is protected by cryptography. Such cryptographic measures render counterfeiting or double-spending highly challenging.
  • Sustainability: Cardano is a sustainable blockchain that uses a proof-of-stake consensus mechanism, which is more energy-efficient than the proof-of-work consensus mechanism used by Bitcoin and Ethereum.
  • Community Engagement: Cardano boasts a vibrant and expansive community of developers and enthusiasts. This makes it a well-supported platform that is likely to continue to grow in the future. The founder of Cardano is Charles Hoskinson. He is a co-founder of Ethereum and the CEO of Input Output Global (IOHK), the company that developed Cardano.
  • Innovation: Cardano is constantly being innovated, with new features and applications being added all the time. This makes it a dynamic platform that is always evolving.

Market and Supply data:

Price$0.2544
Max Supply45,000,000,000
Circulating Supply35,088,024,221 
Market Cap$8,927,511,785
Fully Diluted Market Cap$11,449,360,114
All Time High$3.10
All Time Low$0.01735
Coinography

5.Polygon (MATIC)

The co-founders of Polygon are Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.

  • Jaynti Kanani is the CEO of Polygon. He is a software engineer and entrepreneur who has worked on a variety of projects, including Ethereum Classic and Infura.
  • Sandeep Nailwal is the COO of Polygon. He is a software engineer and entrepreneur who has worked on a variety of projects, including Matic Network and Zebpay.
  • Anurag Arjun is the CPO of Polygon. He is a software engineer and entrepreneur who has worked on a variety of projects, including Matic Network and Matic Foundation.
  • Mihailo Bjelic is the CTO of Polygon. He is a software engineer and entrepreneur who has worked on a variety of projects, including Matic Network and Tendermint.

Initially established as Matic Network in 2017, the project underwent a rebranding in 2021, emerging as Polygon. 

Polygon (MATIC) is a layer-2 scaling solution for Ethereum. It uses a variety of techniques to improve the scalability of Ethereum, including sharding, optimistic rollups, and zero-knowledge rollups. Within the Polygon ecosystem, MATIC serves as the inherent cryptocurrency.

Here are some of the reasons why MATIC is considered to be one of the best cryptocurrencies:

  • Scalability: Polygon is a layer-2 scaling solution, which means that it can help to increase the scalability of Ethereum. This is important because Ethereum is currently facing scalability issues, which can lead to high gas fees and slow transaction speeds. By using Polygon, users can enjoy faster and cheaper transactions on Ethereum.
  • Security: Polygon uses a variety of security techniques to protect its users’ funds. This includes sharding, which divides the network into smaller pieces, and optimistic rollups, which batch transactions together and submit them to the Ethereum mainchain.
  • Cost-effectiveness: Polygon transactions are much cheaper than Ethereum transactions. This is because Polygon does not require miners to verify transactions. Miners are the entities that secure the Ethereum network and they are rewarded with ETH for doing so. However, they also charge a fee for verifying transactions. Polygon does not require miners, so there are no transaction fees.
  • Liquidity: Polygon is a growing network with a large and active community of users. This means that there is a lot of liquidity on the network, which makes it easy to buy and sell MATIC. Liquidity is important for the price stability of a cryptocurrency.
  • Utility: MATIC has a number of utilities on the Polygon network. For example, it can be used to pay for gas fees, to stake for rewards, and to participate in governance. This gives MATIC value and makes it a good investment.

Market and Supply data:

Price$0.5411
Max Supply10,000,000,000
Circulating Supply9,319,469,069 
Market Cap$5,042,305,147
Fully Diluted Market Cap$5,408,872,877
All Time High$2.92
All Time Low$0.003012
Coinography

Chainlink (LINK) Operating as a decentralized oracle network, Chainlink delivers dependable and secure data feeds to blockchain-based smart contracts. It is a trust-minimized system that uses a network of nodes to verify data from external sources.

  • Scalability: Chainlink is designed to be scalable, meaning that it can handle a large number of requests. This is important because smart contracts need to be able to access data from the real world, and this data can be unreliable and difficult to obtain. Chainlink solves this problem by providing a reliable and secure way to access data.
  • Security: Chainlink is a secure system that uses cryptography to protect its users’ data. This makes it a good choice for applications that require secure data feeds, such as decentralized finance (DeFi) and insurance.
  • Interoperability: Chainlink is interoperable with a variety of blockchains, making it a good choice for applications that need to access data from multiple sources. This makes it a good choice for applications that need to access data from multiple sources, such as DeFi and supply chain management.
  • Community: Chainlink has a large and active community of developers and users. This makes it a well-supported platform that is likely to continue to grow in the future. The founder of Chainlink is Sergey Nazarov. He is a Russian-American computer programmer and entrepreneur. He is also the co-founder of SmartContract, a company that develops software for smart contracts.
  • Innovation: Chainlink is constantly being innovated, with new features and applications being added all the time. This makes it a dynamic platform that is always evolving.

Market and Supply data:

Price$6.23
Max Supply1,000,000,000 
Circulating Supply538,099,970 
Market Cap$3,336,835,703
Fully Diluted Market Cap$6,201,144,557
All Time High$52.88
All Time Low$0.1263
Coingraphy

7.Polkadot (DOT)

Polkadot (DOT) is a blockchain protocol that connects multiple blockchains, allowing them to communicate with each other and share data. This makes it possible to build applications that are more scalable, secure, and interoperable than those that are limited to a single blockchain.

Here are some of the reasons why Polkadot is considered to be one of the best cryptocurrencies in terms of economics:
  • Security: Polkadot uses a unique security mechanism called “Nominated Proof-of-Stake” (NPoS). In NPoS, validators are chosen based on their reputation and stake in the network. Such a system enhances the network’s resilience against potential malicious threats.
  • Scalability: Polkadot uses a technique called “sharding” to increase scalability. Sharding divides the network into smaller pieces, each of which can process transactions independently. This allows Polkadot to handle a much larger number of transactions than a single blockchain.
  • Interoperability: Polkadot is interoperable with a variety of blockchains, making it easy to transfer value between different blockchains. This makes it a good choice for applications that need to interact with multiple blockchains, such as DeFi and supply chain management.
  • Economic Incentives: Polkadot has a well-designed economic system that incentivizes users to participate in the network. For example, validators are rewarded for securing the network and parachain slot auctions allow projects to bid for slots on the Polkadot network.
  • Community Engagement: Polkadot boasts a robust and dynamic community of developers and enthusiasts. This makes it a well-supported platform that is likely to continue to grow in the future.The founder of Polkadot is Gavin Wood. He is a British computer scientist and entrepreneur. He is also the co-founder of Ethereum and the creator of Solidity, the programming language used to write smart contracts on Ethereum.

Market and Supply data:

Price$4.25
Max SupplyInfinite
Circulating Supply1,222,010,698 
Market Cap$5,198,167,603
Fully Diluted Market Cap$5,760,219,409
All Time High$55.00
All Time Low$2.69
Coinography

8.Hedera (HBAR)

Hedera Hashgraph (HBAR) is a distributed ledger technology (DLT) that uses a unique consensus mechanism called “hashgraph”. Hashgraph is a more efficient and scalable consensus mechanism than Proof-of-Work (PoW) and Proof-of-Stake (PoS), the consensus mechanisms used by Bitcoin and Ethereum respectively.

Here are some of the reasons why HBAR is considered to be one of the best cryptocurrencies in terms of economics:

  • Scalability: HBAR is designed to be scalable, meaning that it can handle a large number of transactions. This is important because blockchains are often limited in their scalability, which can lead to congestion and high fees. HBAR uses a technique called “gossip about gossip” to achieve scalability. Gossip about gossip is a distributed algorithm that allows nodes to communicate with each other quickly and efficiently.
  • Security: HBAR is a secure DLT that uses a unique consensus mechanism called “hashgraph”. Hashgraph is a more efficient and scalable consensus mechanism than PoW and PoS. Hashgraph is also more secure than PoW and PoS because it is not vulnerable to certain types of attacks.
  • Sustainability: HBAR is a sustainable DLT that uses a proof-of-stake consensus mechanism. Proof-of-stake does not require miners to use energy-intensive hardware to solve complex mathematical problems. This makes HBAR more environmentally friendly than PoW DLTs.
  • Economic Incentives: HBAR has a well-designed economic system that incentivizes users to participate in the network. For example, stakers are rewarded for securing the network and delegators are rewarded for delegating their stake to stakers.
  • Community: HBAR has a large and active community of developers and users. This makes it a well-supported platform that is likely to continue to grow in the future. The founders of Hedera Hashgraph (HBAR) are Leemon Baird and Mance Harmon.
  • Leemon Baird is a computer scientist and entrepreneur. He is the co-founder and CTO of Hedera Hashgraph. He is also the inventor of the hashgraph consensus algorithm.
  • Mance Harmon is a computer scientist and entrepreneur. He is the co-founder and CEO of Hedera Hashgraph. He is also the author of the Hedera Hashgraph white paper.

Baird and Harmon met in 1999 while working at the National Security Agency (NSA). They shared a common interest in developing new technologies for secure communication. In 2015, they founded Hedera Hashgraph to develop a more efficient and scalable blockchain platform. Hedera Hashgraph uses a unique consensus mechanism called “hashgraph”. Hashgraph is a more efficient and scalable consensus mechanism than Proof-of-Work (PoW) and Proof-of-Stake (PoS), the consensus mechanisms used by Bitcoin and Ethereum respectively.

Market and Supply data:

Price$0.04939
Max Supply50,000,000,000 
Circulating Supply33,207,534,181 
Market Cap$1,639,976,271
Fully Diluted Market Cap$2,469,295,002
All Time High$0.5701
All Time Low$0.01001
Coinography

9.Gala (GALA)

Gala (GALA) is a cryptocurrency that powers the Gala Games ecosystem, a blockchain-based gaming platform that aims to give players more control over their gaming experience. GALA tokens can be used to purchase in-game items, participate in governance votes, and earn rewards.

There are several reasons why Gala is considered to be one of the best cryptocurrencies:

  • It is a relatively new token, so it has the potential for significant price appreciation. GALA was launched in 2020, and its price has already risen by over 1,000%. As the Gala Games ecosystem grows and more people become aware of GALA, the price is likely to continue to rise
  • Gala’s backing company boasts expertise spanning both the gaming and blockchain sectors. Gala Games was founded by Eric Schiermeyer, the co-founder of Zynga, one of the world’s largest gaming companies. This gives Gala Games a unique perspective on how to use blockchain technology to create a more efficient and user-friendly gaming experience. Here are some of the games that are currently available on the Gala Games platform:
  • Town Star: A city-building game where players can earn GALA tokens by building and managing their towns.
  • Mirandus: An open-world fantasy RPG where players can explore a vast world, battle monsters, and collect NFTs.
  • Spider Tanks: A multiplayer tank battle game where players can customize their tanks and compete against each other.
  • Fortified: A tower defense game where players must defend their fortresses from waves of enemies.
  • Gala has forged alliances with prominent entities within the gaming realm. These partnerships give Gala Games access to a large pool of potential players and help to legitimize the platform. Some of the companies that have partnered with Gala Games include Zynga, Animoca Brands, and Sky Mavis.
  • The demand for GALA is likely to increase as the popularity of NFTs and crypto games grows. NFTs (non-fungible tokens) are digital assets that are unique and cannot be replaced. They are becoming increasingly popular in the gaming industry, as they allow players to own and trade in-game items. GALA tokens can be used to purchase NFTs, which is another reason why the demand for GALA is likely to increase.

Overall, Gala is a promising cryptocurrency with the potential to deliver significant returns for investors. The platform is backed by a strong team with experience in both the gaming and blockchain industries. It has also partnered with some major names in the gaming industry, which gives it a strong foundation. As the popularity of NFTs and crypto games grows, the demand for GALA is likely to increase, which could drive the price of the token higher.

Market and Supply data:

Price$0.01598
Max Supply50,000,000,000 
Circulating Supply23,577,068,253 
Market Cap$376,812,535
Fully Diluted Market Cap$799,009,764
All Time High$0.8367
All Time Low$0.000151
Coinography

10.Solana (SOL)

Solana is a blockchain platform that is designed to be scalable, secure, and energy-efficient. It uses a unique hybrid consensus mechanism called Proof of History (PoH) that allows it to process thousands of transactions per second (TPS) with low fees.

Here are some of the reasons why Solana is considered to be one of the best cryptocurrencies:

  • Scalability: Solana can process up to 50,000 TPS, which is significantly faster than other major blockchains like Ethereum and Bitcoin. Given its high throughput, Solana emerges as a prime choice for transaction-intensive applications, notably decentralized finance (DeFi) and non-fungible tokens (NFTs).
  • Security: Solana uses a combination of PoH and Proof of Stake (PoS) to achieve high security. PoH provides a verifiable way to track time, while PoS ensures that only those who stake SOL tokens can participate in the consensus process.
  • Energy efficiency: Solana is one of the most energy-efficient blockchains available. This is because it uses a Proof of History consensus mechanism, which does not require miners to compete for blocks.
  • Developer-friendly: Solana is designed to be developer-friendly. It has a well-documented API and a large community of developers who are building applications on the platform.
  • Active ecosystem: Solana has a rapidly growing ecosystem of dApps, NFTs, and DeFi projects. This makes it a good choice for investors who are looking to get involved in the decentralized finance space. 

One of the major shortcomes of solana is its scalability. Solana is still a relatively new platform, and it is still being tested at scale. There have been some instances of network congestion, which has led to delays in transactions.

Overall, Solana is a promising blockchain platform with the potential to be a major player in the cryptocurrency industry. It is scalable, secure, energy-efficient, and developer-friendly. The platform also has a rapidly growing ecosystem of dApps, NFTs, and DeFi projects.

Market and Supply data:

Price$19.51
Max SupplyInfinite
Circulating Supply410,611,718 
Market Cap$8,011,600,026
Fully Diluted Market Cap$10,868,891,177
All Time High$260.06
All Time Low$0.5052
Coinography

Disclaimer: It’s crucial to note that the cryptocurrency landscape is marked by inherent volatility, with prices subject to rapid changes. Always conduct thorough research and seek advice from financial experts prior to any investment actions.

About Maria Morgan

Maria Morgan is a full-time cryptocurrency journalist at Coinography. She is graduate in Political Science and Journalism from London, her writing is centered around cryptocurrency news, regulation and policy-making across the glob.

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