Cryptocurrencies are one of the most uprising forms of transaction these days. It is a decentralised way of exchange that allows users to have a better grasp and trackability of their finances. It has come a long way since its inception in 2009, and they continue to gain popularity as more people recognize their potential as an investment option. The market of crypto is volatile and even crashes sometimes because of the new technology, which carves out a huge question in everyone’s mind. The question is which digital Best Crypto Coins people must invest in.
So here in this article, we are going to tell you about the 7 best crypto coins, including AI coins that you can invest in 2024, and get the value for your money.
1. Best Crypto Coins: Bitcoin (BTC)
Bitcoin is the world’s very first and the most popular cryptocurrency to date. Created in 2009 by an anonymous person over the blockchain network, and became the very first digital coin whatsoever.
The dominance of Bitcoin in the market is 40% and will be the same for a very long period. It is one of the safest and most secure investments for anyone out there who seeks stability in their portfolios.
The scarcity of Bitcoin makes it special and more valuable in the market. Moreover being the very first cryptocurrency, it has gained an exponential hike in the matter of popularity. There are only 21 million Bitcoins that circulate and will keep circulating in the market till the end, and the price of each Bitcoin is $65000 these days.
2. Best Crypto Coins: Ethereum (ETH)
Often referred to as the decentralised computer, Ethereum is the second largest cryptocurrency in the world. The blockchain system of Ethereum allows developers to form decentralised apps (dApps) and smart contracts, and it is a part of the decentralised finance system (DeFi).
Ether is the decentralised fuel that runs the network of Ethereum and helps in the building of those apps, and as the demands of noncentralised apps are increasing, demand for Ether is expected to grow too.
The price of Ether these days ranges around $4,300 and is on a rapidly increasing pace.
3. Best Crypto Coins: Cardano (ADA)
Cardano is a type of digital currency that has been created to resolve the problems that had been with its predecessors. It is a third-generation cryptocurrency that aims to solve the scalability and interoperability in the network.
Cardano’s developers have a strong focus on academic research, and they have implemented several unique features that make it stand out from other cryptocurrencies.
Cardano is an energy-efficient crypto coin that works on the principle of proof-of-stake making it more convenient than Bitcoin which works on the principle of proof-of-work (PoW), which uses complex mathematical solutions on the network.
The price of Cardano is at an all-time high of $3.40 and is rising continuously.
4. Best Crypto Coins: Polkadot (DOT)
Another cryptocurrency was built to solve the problem of scalability and interoperability on the network. Here the only difference is that Polkadot is a multi-chain blockchain platform that allows for interoperability between different blockchains.
Polkadot’s unique sharding mechanism allows it to process more than a single transaction at a time, increasing its transaction throughput. It’s also a PoS blockchain, making it energy-efficient and environmentally friendly.
The price of Polkadot is $50 these days and is rising at a rapid pace in the digital markets.
5. Best Crypto Coins: Chainlink (LINK)
A decentralised oracle system that connects smart contracts with real-world data. It is also a part of the DeFi ecosystem and plays a crucial role in managing cryptocurrencies.
Chainlink’s unique approach to oracles has earned it a reputation as one of the most reliable and secure oracle networks in the market. Its growing popularity in the DeFi ecosystem has contributed to its rapid price increase.
In the recent past, the price of Chain Link was around $63 and is rising rapidly with passing days.
6. Best Crypto Coins: Algorand (ALGO)
Algorand is a platform that works on the principle of proof-of-stake to develop decentralised applications, which are more secure, reliable, and easy to work with. Its unique consensus mechanism, called Pure PoS, ensures that all network participants have a fair chance to participate in the consensus process and earn rewards.
The highly secured transactions and better reliability of this coin have established its popularity among investors and businesses all over the world. Making it one of the most valued crypto coins to date.
In 2022, Algorand’s price reached an all-time high of $4.25, and it’s expected to continue its upward trend in 2024.
7. Best Crypto Coins: SingularityNET (AGI)
SingularityNET is an AI-powered blockchain network that aims to create a decentralised marketplace for AI algorithms and services. It helps developers in creating AI-based algorithms and also provides all the primary resources for it.
Its unique approach to AI has made it so popular among one of the largest firms in the world. Singularity NET has a number of bonds with companies like Cisco and Huawei and demonstrates its potential to disrupt the AI industry.
In recent times, the price of its coins has been marked at $2.30 and is increasing day by day.
Conclusion
Cryptocurrency is one of the most promising digital assets in recent years. Its potential for future generations is quite clear and concise, making it one of the influential factors of modern society.
We have pinpointed all the important and profitable crypto coins that can help you out with your portfolio, and revolutionize the way of exchanges in the 21st century.
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Frequently Asked Question
The gradual rise in technology and factors like adoption, partnerships, and market demand are some of the things that make crypto a great investment in 2024.
Decentralised Finance is a system over the blockchain networks, which works independently of any central authority. It includes various financial instruments, such as lending, borrowing, and trading, that are accessible to anyone with an internet connection.
A system that connects smart contracts of the blockchain network with external data sources to handle real-life problems. It provides smart contracts with access to off-chain data, such as stock prices, weather data, or sports scores.
PoS (Proof of Stake) is a consensus mechanism used in some blockchain networks, where network participants validate transactions and earn rewards based on the amount of cryptocurrency they hold.