Next, after picking the Best Platform for Cryptocurrency Trading, the need comes for a good cryptocurrency to invest in. As you know, there are many cryptocurrencies that can make you overwhelmed. So, if you are also stuck and confused about how to start your exchange and trade, here is the guide to the best cryptocurrencies.
The Overview About Cryptocurrencies:
Basically, cryptocurrencies are digital assets within blockchain technology. These are easy to circulate without any centralized authority of financing networks like banks or government. In this year so far, June 2024, more than 8,000 cryptocurrencies are traded in the market, contributing almost 2.25$ trillion market capitalization.
The Top Most Cryptocurrencies in 2024:
1.Bitcoin (BTC): This is the first or original cryptocurrency that was developed in 2009 by Satoshi Nakamoto. Bitcoin is so far kept secure from fraudsters and has skyrocketed prices. In 2024, one bitcoin was about $500, but now, in 2024 (June), it’s around $60,981.
2.Ethereum (ETH): It’s one of the best and most picked cryptocurrencies. It’s also the non-fungible tokens that, in the past few years, have experienced glorious growth. From a single ETH price of $ 11 in 2016, today, it’s around $2,983 to $3,367.
3.Tether (USDT): The next form of cryptocurrency comes Tether, which is a stablecoin. Its value is considered to be more consistent than that of other cryptocurrencies. The single USDT price was $0.9994.
4.Binance coin (BNB): Binance coin is another form of cryptocurrency that is widely used to trade and pay fees on Binance. Therefore, a popular exchange cryptocurrency is used in exchange. It was launched in 2017 and is now useful in trading, payment processing and booking travel arrangements. With its launch in 2027, it was $0.10, but till late June 2024, the price rose between $560 to $570.56.
The Final Verdict:
No matter if there are thousands of cryptocurrencies, you may still need to be careful. Whatever the pick, just ensure the buying, trading, and exchange are done only on reputable platforms. Only choose the best platform for cryptocurrency trading to ensure that, as an investor, you evaluate crypto on the basis of market capitalization, liquidity, security, etc.
