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10 coins with the highest ROI
Cryptocurrency to invest in 2024: Explore 10 cryptocurrencies with the highest ROI
A cryptocurrency is a digital asset that uses cryptography to protect transactions. This is not centralized by the authority of a bank or government. Cryptocurrencies use a decentralized system for transactions and are protected by blockchain technology.
There have been 24,630 cryptocurrency projects to date in the cryptocurrency market and it is estimated to reach $4.94 billion by 2030.
Why do people love Crypto investing? It could help them earn more and is their future financing. Protect finance with its cryptographic key methods, since they cannot be printed or seized, cryptocurrencies can also provide a safe store of value. So, we have the list of cryptocurrencies from which you can choose cryptocurrency to invest in 2024.
Bitcoin (BTC)
Bitcoin is the first digital currency created in 2009 by an individual or group using the pseudonym Satoshi Nakamoto. It runs on a computer network, known as a blockchain, that records all transactions made with Bitcoin. The market measures the value of a company with one Bitcoin refers to the total value of all Bitcoins in circulation. Currently, Bitcoin’s market capitalization stands at $1.3 trillion. Bitcoin recorded a 136% increase in value compared to the previous year.
Bitcoin transactions are recorded on a blockchain, managed by a network of computers (nodes). This technology ensures the security and immutability of transactions, as each transaction must be verified by solving complex cryptographic puzzles.
According to statistics from May 2016, the price of one bitcoin was around $500, while as of April 2024, it had risen to around $64,427. This notable growth represents a final increase of 12,785%.
Tether (USDT)
This is a special type of cryptocurrency and is called a stablecoin because it is tied to regular money like US dollars or euros. So while other cryptocurrencies like Bitcoin value continues to fluctuate.
While Tether tries to maintain the same value as the money it is tied to, for example $1. So, Tether is another cryptocurrency to invest in 2024 as it makes their investment choices on it less risky for people.
Ethereum
Ethereum is a digital currency like Bitcoin, but it’s also a platform where people can get involved in building all sorts of cool things. Smart contracts: These are like digital transaction agreements. For example, if you promise to pay someone for a service, the smart contract can ensure that you pay them automatically after the work is done by them.
Ethereum created NFTs, which stand for non-fungible tokens. They are like digital collectibles, a kind of unique works of art, in digital form. Over the years, its price has increased tremendously, starting from just $11 up to around $3,158! That’s a huge increase of over 28,000%! So, it is not only popular because of what it can do, but also because people see it as a good investment.
Solana (SOL)
Solana coin is a type of digital currency, like Bitcoin or Ethereum. Its market capitalization today is $66.4 billion. Solana supports decentralized finance (DeFi), which is equivalent to using digital currencies for banking, transactions and exchanges. Solana works differently from other digital currencies because it uses a mix of two methods called proof-of-stake and proof-of-history. These methods help Solana process transactions very quickly and securely, which is important for things like DeFi and DApps.
When Solana started in 2020, the price of one SOL token was $0.77. Now, in April 2024, the price had increased a lot, to around $148.30 per token. That’s a huge increase of 19,159%! SOL is the recommended cryptocurrency to invest in 2024 due to its higher ROI. So, if someone had bought SOL tokens in the beginning and sold them in April 2024, they would have made a huge profit.
Binance Coin (BNB)
Binance coin is a digital currency that you can use specifically on Binance, a large website where people trade different cryptocurrencies. But BNB is no longer used just for trading. It is also used to pay for things like fees on Binance or even to book travel plans.
Speaking of Binance in 2017, you could buy a BNB for just 10 cents! But in April 2024, its price rose to around $613 per BNB.
This means that if you had bought BNB then and sold it now, you would have made a huge profit.
US dollar coin
(USDC) is a type of cryptocurrency classified as a stablecoin. US dollar, so people can use it for transactions without worrying about a change in its value.
USDC runs on a technology called Ethereum, which is a platform for building and running applications on blockchain. You can use USDC to buy items or send money anywhere in the world, just like you would with regular dollars, with the increased speed and security of blockchain technology.
XRP
XRP is a digital currency. Ripple: A network created by a company. It is used on a network created by a company that helps exchange different types of money, such as regular dollars or euros, and even other cryptocurrencies.
In 2017, XRP was cheap. Coming into April 2024 it is worth about 53 cents. This is a huge increase in its value, approximately 8.676%!
That’s why people see it as an investment opportunity.
Dogemoneta
Dogecoin is a type of digital money, called cryptocurrency. It is another cryptocurrency to invest in. It was nothing in 2013 but gradually it made itself known and became popular because people liked its funny dog logo and the community around it. Its value may decrease over time because there may be too many of them. In 2017, one Dogecoin was worth a small fraction of a cent. But in April 2024, its price rose a lot, around 75,904%, to around 15 cents for one Dogecoin. So, this is also one of the suggested cryptocurrencies to invest in 2024.
Cardan
It is also known as ADA, which is another type of digital money, like Dogecoin and Toncoin. This is a proof of stake to verify transactions.
ADA, the money used in Cardano, is also used for smart contracts and apps, similar to Ethereum. The value of ADA has increased over time, but not as much as others. In 2017, an ADA was worth 2 cents. In April 2024 it increased by around 2,266% to 47 cents. Its total value is approximately $16.8 billion.
Toncoin
Toncoin is also known as Gram. Lui was initially created for a messaging app called Telegram but was left behind. Then a group called the TON Foundation took over and changed its name to “The Open Network” or TON. Toncoin is like the money used in this network.
It allows people to buy, send and keep their money safe using TON’s super-fast and eco-friendly system. Its value has increased a lot in the last year, by around 141%, and its total value is around $18.9 billion.
So, here is a list of tips to invest in cryptocurrency in 2024 for their vast profit and cryptocurrencies with the highest ROI.