Best Crypto to Invest in 2024 | Top 3 Cryptocurrency

Cryptocurrency is a world in fast transition, changing through chaos and state-of-the-art to unprecedented levels of opportunity.

So, if you are looking to wade through the waters of the crypto-verse in the next three years and want your digital assets secure, then you better pay attention to such financial instruments that show signs they would survive for the long term, along with stylish & and above-par use cases.

Let us look at the top 3 best cryptocurrency to invest that make a super investment for 2024.

Best Crypto to Invest

Here are our top 3 picks where you can invest your money. But, remember one think this guide is just for educational purpose. We do not recommend to buy, purchase, or sell any kind of crypto currency. So, before starting investing, make sure to contact your financial advisor.

#1. Binance Coin (BNB) — Binance Ecosystem Utility Token

BNB is Binance’s own native cryptocurrency and official coin. It provides reduced trading fees and privileges like Early Access to Binance Launches. The 5th largest crypto by Market Capitalization has been standing strong after the CEO, Changpeng Zhao, resigned.

Pros

1. Supported by the biggest crypto exchange — Binance
2. Used a lot in the Binance ecosystem
3. Lower trade commissions on Binance with BNB
4. A quarterly token burn means the supply of SPS decreases, so naturally, it could result in an increase in value.
5. Widely adopted in DeFi and apps.

Cons

1. BNB supply is significantly influenced by Binance
2. Depending on how successful and reputable Binance is
3. At Risk of Exchange Hacks and Exploits

#2. Solana (SOL) — High-Speed, Low-Fee Ethereum Competitor

Popular as an Ethereum-rival, Solana is one of the fastest and cheapest blockchains that operates today. It has been one of the top-performing crypto tokens during this bull market rally in cryptos, returning +684.33% over a year!

The Solana Project is currently the 4th-largest cryptocurrency to invest by market cap and has room to grow.

Pros

1. It processes 65,000 transactions in parallel.
2. Fractions of a cent in transaction costs
3. Relies on Proof-of-History (PoH) for quick validation
4. Rising support for DeFi, NFTs, and Web3 applications
5. Built to scale without L2 solutions, demand for SOL

Cons

1. A record of several downtime instances
2. Less sophisticated than Ethereum’s ecosystem
3. Fast growth…very often hides unseen weaknesses.

#3. Bitcoin (BTC) — Known as “Digital Gold”

Bitcoin is the very 1st and most well-known cryptocurrency across the globe Lighyago80 — Photo by Andrew Rolos on Unsplash.

It is, far and away, the only cryptocurrency that many of the largest governments in the world (especially the US) have recognized even as a currency itself valid for payments(El Salvador, among others).

The first Bitcoin ETFs opened on US stock exchanges in 2024, at which point massive capital had begun to flow. It can also affect the price of Bitcoin when there are other major events, such as cuts in US Federal Reserve interest rates.

Pros

1. High growth potential in uncertain markets
2. Very liquid held across multiple markets
3. Strong, cryptography-based security
4. 21 Million Coin Cap — The Best Way to Guarantee Scarcity and Value Maintain.

Connected to traditional assets and decreases the overall risk

Cons

1. Uneven among different states
2. Some of the negatives include slow transaction times and high fees at some points

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5. What Are Sandwich Attacks In Crypto? How To Avoid Them?

So, that’s all we have for you about top 3 best cryptocurrency to invest in 2024. We hope that this guide has helped you. For more info, visit our YouTube channel.