Best Cryptocurrency to Invest in 2024

The world is evolving so dynamically, introducing a new form of digital currency every day. This new revolution in finance is completely dedicated to digital investments and digital currencies, where cryptocurrency seems to be taking over the crown. Cryptocurrencies enormous popularity is a result of the immense amount of profit that can be generated by them overnight. All you need is a little market information and an insight of how these it works. Today, cryptocurrency holds a market cap of billions, with millions of active wallet users. So, we suggest you to follow this trend, and try your luck in digital currency trading. I have listed some of the Best Cryptocurrency in 2024, which are a low risk investment for a newbie.

Here is a list of the Best Cryptocurrency to Invest in Right Now

Bitcoin

Bitcoin has managed to stay on the top of this list ever since its introduction in 2008. It is considered one of the Best Cryptocurrency globally maintaining a market cap of over $1 trillion in 2024 according to wikipedia.com. This makes it one of the safest and Best Cryptocurrency to Buy Now, however, it’s price can’t be afforded by everyone. It c0an be managed and operated on multiple platforms and software.

Pros

Cryptocurrency with highest market cap.

Reliable.

Can be accessed through free platforms.

Cons

It can be an expensive investment.

Ethereum

It is a decentralized open code blockchain platform which can be used through several distributed computing platforms that are compatible with the functionality of smart contract (scripting). They had a market cap of $122 billion as of 2018, which has since tripled. Ether is the token designed by Ethereum which is transferable between accounts, making exchange easier between peer-to-peer. It also has a transaction mechanism called ‘gas’ which helps in allocating resources and mitigating spam throughout the network.

Pros

Supports Token System

Secure Transactions

Cons

Hard to understand and operate

Ripple

Ripple is designed for transferring debt peer-to-peer. Like most altcoins in the market, Ripple has different interface design then Bitcoin, which sets it apart from all the other cryptocurrencies. Ripple promotes instant, secure and free trading of coins. It also provides tokens, which acts as an asset, cryptocurrency or the good-old traditional fiat money. Ripple’s currency is ranked third in terms of market cap currently according to wikipedia.com.

Pros

Can be used as fait money.

Offers quick and free trading.

Cons

Different from Bitcoin, which can be confusing for users, as most cryptocurrencies are inspired by Bitcoin.

Litecoin

Litecoin was launched in 2011. It follows a similar structural design as Bitcoin so much so that it is regarded as a beta version of Bitcoin. So, naturally, it is a decentralized public lodge based currency. Its hashtag algorithm operates through Scrypt. It also uses cryptography for the creation and transfer of new coins.

Pros

More secure environment because of Scrypt hashtag algorithm.

Easy creation and exchange of new coins.

Cons

User’s prefer investing in Bitcoin, instead of Litecoin, because of the similarity.