Top 5 Crypto to Invest in 2024

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12 Jan 2024

Always Do Your Own Research and be very careful when investing in crypto. This article is no investment advice.
The year 2021 was a watershed moment for cryptocurrencies, with the global crypto market cap momentarily reaching US$3 trillion. Bitcoin, the most valuable cryptocurrency, has seen multiple price increase during that period, while other major altcoins and even meme coins gained traction. Other digital currencies, such as NFTs, are sold alongside fine art in prominent virtual auction houses for millions of dollars, and play-to-earn has become a way of life.
Major cryptocurrencies are continuing to gain popularity in government, corporate, and personal financial transactions. Financial service providers are seeking for the best-performing cryptocurrencies to develop a digital currency model and ensure that they can deliver financial services in an economical and effective manner as our society becomes increasingly digitally driven.
However, let’s face it: Cryptocurrencies had a terrible start in 2022, with several of the world’s most valuable digital assets quickly falling into bear market territory. To make matters worse, this sell-off coincided with a broader stock market collapse, making January the worst month for stocks since the financial crisis began in 2008. If you are in crypto, better be ready for some volatility.
Yet since few days we are seeing money coming back into the crypto market and the price of bitcoin stabilizing around $38–40k. It appears that now is a good entry moment to invest in cryptos for those willing to tolerate some level of risk. In this article, you will find top five cryptocurrencies that we believe are ready to explode over the next few months.

Ethereum

Market Cap: $310 billion
Without Ethereum, no list of the best cryptocurrencies to buy would be complete. This platform is home to Ether, the second-most valued cryptocurrency, with a market valuation of almost $300 billion at the time of writing. The crypto meltdown in January sent ETH down more than 50% from its all-time high of $4,891 in November.
Ethereum, the most frequently used blockchain, is at the heart of fascinating and growing topics such as decentralized finance (DeFi), smart contracts, and nonfungible tokens (NFTs). Numerous decentralized applications, or dApps, are created on top of the network, giving it staying power, thanks to a large advantage in network adoption over competitors. The most serious flaw of Ethereum is its proof-of-work protocol, which makes transactions inefficient and expensive. However, a transition to the faster and less expensive proof-of-stake system is in the works and hopefully will be released this year.
Website: https://ethereum.org

Solana

Market Cap: $27 billion
Solana is one of Ethereum’s most serious competitors, with a fast network and a growing number of dApps. However, at the moment, Solana’s most compelling advantages are its programmer-friendly compatibility with the easy-to-code Rust language and its rock-bottom transaction fees when compared to Ethereum.
Solana is also a strong candidate to become one of the most popular networks for blockchain-based games, which, if successful, might result in a lot of usage and, in turn, a lot of demand for the SOL token. Solana’s upside to its previous all-time-high at $260 is bigger than either BTC or ETH, having been down more than 65% from there just months ago. However, it isn’t all rainbows and sunshine for Solana, as the nascent network has seen approximately a half-dozen significant outages recently as it grapples with rapid development, pricing instability, and bots.
Website: https://solana.com

Avalanche

Market Cap: $17 billion
If Avalanche is good enough for the Forbes 400’s youngest member, it should be considered one of the greatest cryptocurrencies to invest in. In an interview with Decrypt, Sam Bankman-Fried, the 29-year-old co-founder and CEO of cryptocurrency exchange FTX, whose net worth is estimated at $22.5 billion, praised both Solana and Avalanche.
In 2022, Bankman-Fried believes Avalanche has a lot of potential: “I think there’s a world where it gets incredibly gigantic,” he told the source. Avalanche’s low fees and capacity to execute smart contracts could help it acquire market dominance over Ethereum until Ethereum 2.0 is released, whenever that may be. AVAX, like most cryptocurrencies, is extremely volatile. It presently trades for around $70 and has a 52-week low of $9.34 and a 52-week high of $146.22.
Website: https://www.avax.network

Yearn.Finance

Market Cap: $700 million
YFI has a market cap worth around $700 million and is currently selling at around $20,000 per coin. One of the appeals of YFI, like Bitcoin, is its scarcity: only 36,666 YFI tokens exist, and there will never be any more. The token has fluctuated between $18,566 and $93,435 in the last year, indicating that its high prices do not render it immune to volatility.
For crypto investors looking for a recovery contender, being closer to its 52-week low than its high is appealing, but YFI’s concept is also worth investing on. Yearn.finance acts as a sort of onboarding platform for the fledgling and promising sector of DeFi, with the goal of maximizing yield-farming profits for less technically savvy investors. Cutting out financial intermediaries is becoming increasingly popular, and YFI should benefit from this trend.
Website: https://yearn.finance

Rebellion Protocol

Market Cap: $1,000,000
The Rebellion Protocol is a crypto-focused venture capital (VC) fund run by a Decentralized Autonomous Organization that is wholly on the blockchain and entirely driven by the community (DAO). It is basically one of the first Investment DAOs, and Investment DAOs are going to skyrocket this year. Mark my words, 2022 is the year of utility DAO, and investment DAO is one.
The project aspires to bring together experienced people to run an investment fund that is more lucrative and more fun than any other VC firm. Its moto is: “You don’t need a suit to run wallstreet”.
The Rebellion Protocol’s DAO (REBL DAO) is designed so that the community can make decisions regarding the entire ecosystem of the project, including investment decisions and changes related to the contract of the project itself. Furthermore, its processes are built to ensure investors make the best financial returns possible in crypto. Finally, the project’s simple architecture makes it highly accessible to anyone in the world. As such, anyone can buy the project’s token ($REBL) and become a “venture capitalist”. What we like about this project is how fresh the concept is and taking in account the huge market for earl-stage investing, this project could rise in the Billions in market cap.
In addition, they just launched their staking + NFT platform, which in our opinion is very sexy. Not to mention the special 5’000% APY reward they promise to 300 lucky whitelisted members. You can still get whitelisted for this reward, so if you like the project, HURRY UP!
Website: https://rebellionprotocol.com
Always Do Your Own Research and be very careful when investing in crypto. This article is no investment advice.
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