Looking for the best cryptocurrencies to invest in 2024? Then, you’re at the right place. The crypto market has seen its ups and downs over time, but one sure thing is that people will keep investing in crypto as a quick way to generate profits or diversify their portfolios beyond stocks and commodities.

Whatever your reason is for investing in crypto, now is the best time to get started because some of the best cryptocurrencies are trading at really low prices. To help you with the decision, we have researched and assembled this list of the top 7 cryptocurrencies that you can invest in for solid returns soon.

What you should know:

If you’re just getting started, make sure that you have a basic idea of what cryptocurrency is and how it works. Cryptocurrency is a type of digital asset or a virtual asset that exists and works only on the blockchain. Most crypto tokens have no physical significance or intrinsic value.

The value of a cryptocurrency lies in its purpose and is driven by its demand and market sentiments. Also, the crypto market is highly volatile. So, make sure that you understand the risks when investing in cryptocurrencies.

Top cryptocurrencies to invest in 2024

1. Bitcoin (BTC)

Bitcoin remains the all-time favorite cryptocurrency for millions of crypto investors. As the first-ever cryptocurrency that became an astounding success within a few years of its launch, and is still going strong, you just can’t miss investing in Bitcoin, even if it’s a very small part of your overall portfolio. Thousands of crypto exchanges worldwide trade bitcoin, and it’s one of the easiest cryptocurrencies to invest.

2. Ethereum (ETH)

The second most popular cryptocurrency, after Bitcoin, is ETH by Ethereum. Ethereum was the world’s first blockchain to feature smart contracts–digital contracts for autonomous transactions. It was launched in 2015 as an open-source blockchain utilizing smart contracts to enable peer-to-peer transactions. ETH became an overnight success and is one of the largest ICOs of all time.

3. Binance Coin (BNB)

If you’re looking to diversify your crypto portfolio, you just can’t miss BNB. Backed by the world’s largest crypto exchange, Binance, BNB is a utility token that grants access to exclusive trading features and services of Binance as well as can be used for getting discounts on trading fees and other platform charges.

4. AI-Tech (AIO)

Listed only recently, the AI-Tech token (AIO) has proven its worth and long-term potential by achieving tremendous growth within just a few days of launch. Backed by a powerful project and a seasoned team of AI and blockchain engineers, this utility token grants access to a futuristic blockchain-based AI platform. The team wants to build advanced AI solutions based on existing systems to deliver valuable AI-driven insights and security to the masses. The last recorded price of AIO was $7.09.

5. Solana (SOL)

SOL is the native utility token of the Solana blockchain, a blockchain platform focused on scalability. With over 65,000-per-second transaction processing speed, it is one of the fastest blockchain networks. It employs a unique Proof of History consensus mechanism and is considered one of Ethereum’s strongest opponents. Other features include a significantly low transaction fee.

6. Ripple (XRP)

Ripple was created by a team of developers who wanted to use modern technology to revolutionize finance, particularly cross-border payments. Launched as a digital currency, XRP enables low-cost international payments and offers advanced payment solutions to institutions like banks. The payments using XRP are instant and incur much lower fees than traditional options.

7. Dogecoin (DOGE)

Supported and endorsed by the internet celebrity, Elon Musk, Dogecoin is based on a meme (joke) on Bitcoin. However, the success of DOGE is an indicator of the power of the community. With no intrinsic value or even a project to back it up, the price of DOGE fully relies on its community, which is surprisingly vast and loyal and comprises millions of crypto enthusiasts worldwide.

Other major cryptocurrencies you may consider investing in include DOT, SHIB, ADA, and AVAX.

Conclusion — the best cryptocurrencies to invest in 2024

The crypto market is poised to grow in 2024 and may break all the previous records. Depending on your risk criteria, you can choose between blue-chip cryptocurrencies such as Bitcoin and new tokens such as AIO. Do your research and understand the risks when investing in crypto. A mix of established projects and startups can do wonders for your long-term crypto investing goals.