2022 and 2023 were both bad years in the crypto space, but 2024 seems promising, with many coins reaching their all-time high, including the all-mighty Bitcoin. The current uproar in the crypto community is getting more people interested in investing in crypto. While investing in crypto has proven to be profitable, you need to identify the good coins before investing.
Cryptocurrency is currently one of the most popular investment options for most investors worldwide. The good thing about cryptocurrency investment is that you can invest with any amount of money, but like most investments, the higher the amount you invest, the higher your ROI (return on investment).
Thousands of cryptocurrencies are currently in the crypto space, but not all are good investments. You could easily invest in the wrong crypto when you do not do in-depth scrutiny of whichever coin you wish to invest in. The most important thing to look out for is the market cap of the crypto you are considering investing in. A low market cap or low trading volume signifies a bad crypto investment, and many cryptos fall into this category.
If you are looking to invest in crypto, all you need is the right guide to the best cryptos in the market. In this article, we will list some cryptos worth investing in. Read on to learn more about the potential cryptos in the crypto market.
Here is a list of the best cryptocurrencies you can invest in;
XRP is currently one of the strongest coins in the crypto market. Its current market price is at $0.6352, with a market cap of $34.74 billion. The price of one XRP may not have reached $1, but this makes it a better investment, especially if you are looking for a long-term investment. XRP has the potential of experiencing a bull run shortly, so it is wise to invest in this coin as quickly as possible.
SOL is one of the fast-growing cryptocurrencies currently. The coin was launched in 2020, and it has done better than most coins that were before it. The market price of SOL is $183.36, and it has a market cap of $81 billion. In 2021, SOL reached an all-time high of $260.06, and currently, it has all the clear indications of exceeding that price soon. Purchasing a couple of SOLs now will make a profitable investment in the future.
Ethereum is the second largest coin after Bitcoin, and it has earned that position in many ways. It has the second-largest market cap of $411 billion, and its market price is $3438.72. Aside from being one of the most profitable cryptocurrencies, ethereum serves as a trusted decentralized finance platform, and it has many other uses.
A list of the cryptos worth investing in can not be made without adding Bitcoin to it. The current market price of bitcoin is $66.718.03, and the market cap is at $1.31 trillion. The price of BTC may seem too high, but you can earn it as a reward through various means. One such means is through playing the Minecraft game. You can earn rewards in Bitcoin through a minecraft faction server known as Satlantis. Finding Minecraft faction servers is easy, meaning you can start earning bitcoin rewards whenever you are ready.
BNB will always be listed next to Bitcoin and ethereum as it is also one of the best cryptocurrencies in the crypto space. BNB has a market cap of $84. 69 billion and a market price of $567.08. It reached its all-time high of around $690 in 2021, and it is on its way to reaching it again soon.
Pepecoin falls in the category of meme coins but is a potential crypto investment. The token was launched in April 2023, and it has done tremendously well since then. Its market price is $0.000000002867, and its market cap is at $1.22 million. If you are looking to make a short-term investment, PEPE is a good investment option. The market price is still low. This means you do not need to invest so much to get a significant ROI.
With a market prince of $55.65 and a market cap of $39.96 billion, AVAX can be said to be one of the best cryptos in the market. The price for this coin is still fair for investors, but it is likely to increase at any time. The best time to invest is now, and you can do that as a long-term or short-term investment.
A lot of meme coins like BONK, COQ, FLOKI, and many more have done so well this season, but Shiba still stands out as one of the best meme coins to invest in in the crypto market. You can invest in Shiba as a long-term or short-term investment. The price of Shiba is $0.0002783, and its market cap is at $16.40 billion.
Investing in cryptocurrency can make you a lot of money, but you should know that it comes with its downside. The crypto market is highly volatile, meaning things can go wrong at any time, and you can lose a lot of funds. The best way to get by in the crypto market is by investing funds that you can afford to lose.
You can invest in any of the listed coins and be sure of getting a reasonable return on investment. However, you need to monitor the progress of your investment at all times to avoid getting caught off guard.