So, you want to know which cryptocurrencies to invest in 2024 Well, you’re not alone.
With Bitcoin and other major coins on the rise, everyone is looking to get in on the action before it’s too late.
The problem is, with so many options on the market, one of them is Bitcoin Era, it can be hard to know where to start.
That’s why we’ve put together this list of 5 cryptos to invest in before they go to the moon. So, read on and find out which ones you should be putting your money into!
Bitcoin
Bitcoin is the original cryptocurrency, and it remains the most well-known. It was created in 2009 by Satoshi Nakamoto, and it has a limited supply of 21 million.
Bitcoin is often called digital gold because it shares many characteristics with precious metals.
It is scarce, durable, divisible, portable, and recognizable. Bitcoin is used as a store of value, like gold, and it is also used as a means of payment.
While its use as a payment system is limited by its volatility, more and more businesses are beginning to accept Bitcoin as payment. Bitcoin is a sound investment due to its limited supply and increasing demand.
Binance Coin
If you’re looking to get in on the cryptocurrency craze but don’t want to put all your eggs in one basket, consider investing in Binance Coin.
Binance is one of the world’s largest cryptocurrency exchanges, and its native currency – Binance Coin – has seen explosive growth in recent months.
Binance Coin is a great investment for a number of reasons. First, it benefits from the massive popularity of the Binance exchange.
More people using Binance means more demand for Binance Coin, which drives up its price.
Second, BinanceCoin can be used to pay trading fees on the Binance exchange, which gives it utility and real-world use cases.
Finally, Binance has plans to launch its decentralized exchange later this year, which should further boost demand for Binance Coin.
Dogecoin
Dogecoin is a digital asset and a peer-to-peer cryptocurrency. Dogecoin was the original creation of two highly reputed people, Jackson Palmer and Billy Markus.
Dogecoin is based on the Litecoin protocol and has a faster block time of 60 seconds. It also has a higher total supply than Bitcoin.
As of January 2021, there are over 129 billion Dogecoins in circulation with a market capitalization of over $6 billion.
Shiba Inu
Shiba Inu is a cryptocurrency that was created to become the “Dogecoin killer”. It has a similar design to Dogecoin, but with a few key differences.
For one, it has a much lower supply (there are only 1 billion Shiba Inus in existence compared to Dogecoin’s 100 billion).
This makes it a rare and valuable commodity. Additionally, Shiba Inu has a faster block time (15 seconds compared to Dogecoin’s 1 minute) which means that transactions are confirmed faster and there is less chance for double-spending.
Shiba Inu has been on an absolute tear lately, with its price increasing by over 2000% in the past month.
This surge in price is likely due to both FOMO (fear of missing out) as well as increasing interest in cryptocurrencies in general.
With a low supply and fast transaction times, Shiba Inu is well-positioned to continue growing in popularity.
USD Coin
USDC is a digital dollar. It’s an open-source project created by Circle and Coinbase, two US-based companies.
The aim of USDC is to provide a more stable alternative to other cryptocurrencies, like Bitcoin.
The real US backs up and supports the USDC dollar which is held in the reserve. One USDC values up to one dollar which is affordable enough for certain users.
USDC can be used to buy goods and services or sent to other people. You can also hold onto it as an investment, in the same way, you would with any other currency.
The main benefit of USDC is its stability. Unlike other cryptocurrencies, which can be very volatile, the value of USDC doesn’t fluctuate much.
This makes it ideal for use in situations where you need a stable currency, such as when buying something online or sending money to someone overseas.
If you’re looking for a cryptocurrency that’s more stable than most, USDC could be a good choice for you.
Conclusion
As the world of cryptocurrency rapidly expands, it can be hard to know which coins to invest in.
However, if you’re looking to get in on the action before the next big bull run, here are five cryptos to invest in 2024.
