Are you wondering what cryptos will be hot in 2024? What coins will be worth your attention next year? It’s not easy to keep track of everything in the fast-changing crypto world. We are here to calm your worries and help you choose the best crypto options.
In this blog post, we’ll talk about the top cryptocurrencies in 2024 that may catch your eye. Let’s dive into it.
Bitcoin
Yes, you’ve got it right. Bitcoin will keep getting a lot of attention in 2024. This coin will likely be hot next year with all its ups and downs for the past 14 years. Many people will want to add it to their portfolio for a good reason. It’s very easy to swap BTC for another coin. Let’s say you want to exchange it for USDT. You can do it in a matter of minutes using a BTC/USDT converter.
The liquidity level and trading volume of BTC are very high. The market cap of Bitcoin is 836.20B USD, which is huge. There is no sign of a decline in BTC usage soon.
Ethereum
Ethereum is the next crypto titan on our list. With a market cap of 266.39B USD, it’s the second biggest coin after BTC. Even though it’s very volatile, people still prefer it for making investments and payments. Ethereum has been on the rise for several months. Analysts at VanEck estimate that its price will reach 2.6K USD in 2024. Of course, nobody knows what will happen with this coin next year. Thus, you need to take this prediction with a grain of salt.
Avalanche (AVAX)
Like Ethereum, Avalanche gives a lot of opportunities for developers of dApps. With its subnets, Avalanche C-chan makes it possible to create many new and exciting projects, for example, DFK Chain. This is one of the most prominent web3 gaming projects.
The trading volume and liquidity of AVAX are medium. The market cap of Avalanche is 14.28B USD. If you consider getting this coin, you may purchase it online easily. It’s also possible to swap AVAX/USDT in case you’ll want to sell it later.
Solana (SOL)
Solana can be a great choice if you are searching for an excellent alternative to popular blockchains. Solana stands out thanks to its very fast transaction speed. High-volume transactions are also not a problem. Just before the well-known unpleasant story with Bankman-Fried, Solana had been a good crypto staking option. At the moment, it lacks perfect usability.
The risk-to-reward ratio is higher for Solana than for other cryptos. Just keep this in mind.
Cardano (ADA)
Cardano is another heavyweight when it comes to smart contracts and decentralized apps. It strives to deliver a more sustainable and effective foundation for dApps. It also aims to solve big issues in the world of cryptos, like sustainability, interoperability, and scalability. The current market CAP of ADA is 20,94B USD, which is #8 on the list of market caps of top cryptos. Its trading volume and liquidity are medium.
Polkadot (DOT)
Polkadot stands out thanks to its attempts to connect different blockchains. The idea behind Poladot is to enable a smooth connection between different blockchain networks and make things more secure and scalable.
The market cap of Polkadot reaches 9B USD. Its liquidity and trading volume seem to be medium. The development team behind it is great. However, the target market of DOT is still in its early stages of adoption. Polkadot initially enjoyed some hype, but then people started to pay less attention to it. It can still be an opportunity in 2024.
Consider these cryptos for your next year's investments. This is our vision of what coins will be worth attention next year. Of course, you are more than welcome to do your own research before making any financial moves.