2023-12-02 08:00:54 by CoinGape

Top Cryptos By Year-Over-Year Performance Here are the top performing cryptocurrencies with a market cap of at least $1 Billion. These are coins that have performed well in 2024, and we believe will continue to give good returns for their holders. The Best Cryptocurrencies to Invest in Today: Reviewed Our hand-picked investment suggestion consists of 15 crypto assets that have shown great potential in the past months and could be set for more positive price developments. Here’s a list of 15 top cryptocurrencies to buy: 1. Rexas Finance ($RXS): Best asset management space offering tokenization capabilities Rexas Finance makes a major shift in the asset management space with its tokenization capabilities. It’s a complete solution that enables seamless tokenization of real-world assets like real estate, art, and commodities. The best thing is it comes with a Token Builder that’s user-friendly and eliminates blockchain complexity, allowing you to tokenize assets in minutes.  Rexas Finance gives you the exclusive opportunity to democratize your investment portfolio, thanks to the fractional ownership facility. Rexas Finance pulls you to roads to high-value options for investments, including precious metals and real estate. That’s not all. It allows you to make safe, transparent transactions in the international markets. The Rexas ecosystem brings a bucket full of other services. It offers complete end-to-end DeFi solutions for crypto trading, AI-powered NFT creation tools, and the ultimate Rexas Treasury. Leveraging these, you can easily maximize returns and level up your financial perks. Price $0.175 Market Cap NA Total Supply 1,000,000,000 Year-over-year (YOY) return NA Why did we choose Rexas Finance? A wholesome ecosystem for development to optimize profits and elevate your financial benefits.Rexas Finance guides you to profitable investment options.A comprehensive solution that permits the smooth tokenization of tangible assets such as commodities, artwork, and real estate 2. Bitcoin ($BTC): Best Crypto Payment Solution Coin To Buy Bitcoin is the biggest crypto asset with over 40% market dominance. Bitcoin was launched in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper established it as a decentralized network for p2p transactions. Bitcoin has grown into a global asset. It is primarily a store of value. Bitcoin hit a new all-time high on March 2024 following a market-wide rally influenced by the approval of Bitcoin ETF by the SEC. Bitcoin has seen a 57% growth in 2024 and could set a new high this year. Price $55,226 Market Cap $1.14 trillion Total Supply 21,000,000 Year-over-year (YOY) return 129% Why Did We Chose Bitcoin Bitcoin halved for the fourth time on April 20, 2024, reducing block reward to just 6.25BTC. Multiple mainstream financial platforms have also launched spot Bitcoin ETFs. With mainstream recognition and reduced emissions, Bitcoin is one to look out for. 3. Dreamcars($DCARS) - Revolutionizing Investment with Luxury Car Shares Dreamcars is expected to become the next big thing in crypto and for good reason. This innovative and unique project helps investors own fractional shares of cars from luxury brands. Each luxury car is divided into fractional shares, presented as NFTs. Purchasing these NFTs guarantee legal ownership of a portion of the car’s rental income. These NFTs are backed by a real purchase contract. By owning fractional shares, investors generate passive income through rentals. Dreamcars takes care of all the rest – depreciation, insurance and maintenance. This allows investors to profit without having the responsibilities of owning a car the traditional way WHY DID WE CHOOSE DREAMCARS Dreamcars lets anyone invest in luxury rental cars for as low as $10, with the potential to earn 50,000 USDTIt is the only project that offers crypto-based shares in the high-end vehicle marketOutpace traditional investments by generating 20-50% APY and enjoy flexible asset management 4. Pandana ($PNDN): Best New Memecoin Token To Buy Memecoins are making a bold statement in the crypto space. Several projects from this category have emerged as top investment choices, despite the volatility they are associated with. Solana memecoin project – pandana is striving to join the ranks of successful community projects. The Pandana ICO event started in November 2024 and is still ongoing at the time of writing. So far, the project has managed to raise over $670,000 from investors. This will be dedicated to building a sustainable memecoin project. The project’s roadmap shows plans to expand to centralized exchanges and market the associated token. Pandana could be one of the break-out memecoins in 2024 and 2025. The project will be hoping for a successful launch after the ICO event. Investors participating in the token sale could also benefit from the bonus programs. Up to 20% bonus applies to investors who purchase over $5000 worth of $PNDN and also refer other investors. 50% of the token’s total supply will sold in the ICO event. 15% of the total supply will be used to create liquidity of decentralized exchanges after launch. Why Did We Choose Pandana? Pandana is recording steady growth in the community and presale results show high demand for the asset.The team has raised over $670,000 in the ICO event to pursue the project’s development and community growth.Pandana comics are high-quality graphics and show the expertise of the project team and their experience in the memecoin space. 5. Ethereum ($ETH): Top Smart Contract Blockchain Network For DeFi And NFTs Ethereum is the pioneer of smart contract technology the way we know it today. It allows developers to build applications on the blockchain and create assets that run parallel with the native coin on the network. Smart contracts are processed by the Ethereum Virtual Machine (EVM), which transforms high-level language bytecodes understood by the EVM. Ethereum has come a long way from its initial idea in its whitepaper. It made a giant leap from Proof-of-Work to Proof-of-Stake, redefining how its blockchain worked. Ethereum has grown over 50% from its opening price of $2,279 on January 20, 2024. It grew to a yearly peak price of $4,070 on March 11, 2024, following a market-wide rally. Price $2,314.56 Market Cap $296.5 Billion Total Supply ∞ Year-over-year (YOY) return 75.92% Why Did We Chose Ethereum? Ethereum ETFs have been approved by the SEC, paving way for institutional investors. Ethereum continues to be a force in the smart contract space as many interesting applications continue to launch on the network. 6. Solana ($SOL): Fastest Growing L1 Smart Contract Blockchain Project Like Ethereum, Solana enables developers to build applications that connect to the blockchain. Solana whitepaper quotes a fast transaction finality with a transaction speed of over 2,000TPS and a relatively low transaction fee.  Its high speed is thanks to its Proof of History (POH) consensus mechanism and parallelized virtual machine (SVM). Solana has seen a spike in network activity following the meme coin boom on the network. It is the most active blockchain network with over 45 Million daily transactions. Solana opened for the year 2024 at $101, it has grown throughout the year by over 79%. It recorded an annual peak of $202 in April 2024. Price $129.38 Market Cap $60 Billion Total Supply ∞ Year-over-year (YOY) return 654.63% Why Did We Chose Solana? Hundreds of meme coin projects launch on the network daily and onboard new usersSolana is the most active blockchain network with over 40 million daily transactions. Mainstream financial institutions have also applied for a Solana spot ETF. New developments like Solana Blinks and Firedancer are also attracting interest in the projects. 7. Dogecoin ($DOGE): Biggest Meme Coin By Market Cap With A Solid Community Dogecoin was launched in 2013 by Jackson Palmer and Billy Markus. It is a fork of the Bitcoin blockchain with the intent of creating a cryptocurrency that is easier to mine. Dogecoin is one of the best meme coin, adopting a witty concept and pays homage to the meme coin. It is branded with images of Kabosu, a popular Shiba Inu dog breed. This fun meme garnered a massive following of nearly 4 million people on Twitter.  Despite a torrid year for cryptocurrencies, Dogecoin has grown by 58% this year. It currently trades above $0.14, a significant increase from its $0.089 opening price this year. Price $0.09789 Market Cap $14.14 Billion Total Supply ∞ Year-over-year (YOY) return 59.79% Why Did We Chose Dogecoin? Doge is a leading meme coin with a unique tokenomics.It is a known favorite amongst popular figures, including Elon Musk.Dogecoin’s charity programs are gaining worldwide recognition.It has the largest community. 8. Toncoin ($TON): L1 Chain Backed By Messaging Giant Telegram TON is an emerging favorite for smart contract projects. It is a decentralized network for smart contract applications and p2p payments. The Ton Whitepaper defines its network as a blockchain built for high-performance applications. TON employs sharding technology to distribute the network workload across several autonomous but dynamically connected shards. TON also runs other utilities like the TON storage and TON ID. It is powered by TONcoin. In what has been an eventful year, TON price has grown by over 200% in 2024. It opened in January at $2.3 per coin and currently trades at over $6.9. Price $5.15 Market Cap $11.7 Billion Total Supply ∞ Year-over-year (YOY) return 377.86% Why Did We Chose Toncoin? TON is leading the Tap-to-earn narrative. New and exciting projects are launching on the TON ecosystem and onboarding millions of new users to the network. TON’s relationship with one of the biggest chat applications – Telegram also exposes it to over 800 Million users. 9. Shiba Inu ($SHIB): Biggest Meme Coin On Ethereum Blockchain The Shibu Inu meme coin (SHIB), sporting the popular puppy of the same name, launched in 2020, hitting an all-time high in November 2021. The coin retains a market capitalization of over $4.4 billion and has been supported by celebrities such as Elon Musk. Competing with Doge, Shiba Inu also has nearly 3.8 million followers on Twitter.  Shibu Inu is pegged as a potential for the next meme coin to explode in 2023. Not only does Shibu Inu coin still have a vibrant community of followers, but the project is not just a meme coin. The Shibu Inu team is developing an entire ecosystem, including gaming and metaverse iterations and its own mainnet, Shibarium.  Shiba Inu was trading at just above $0.00001 per coin in January 2024. Since this time it reached an annual peak of over $0.000035 in March 2024 and has continued to consolidate $0.000015. Price $0.00001318 Market Cap $7.93 Billion Total Supply 999.9 Trillion Year-over-year (YOY) return 112.47% Why Did We Choose Shiba Inu? Biggest meme coin on Ethereum blockchainSpot ETF approval for Ethereum could drive attention to Ethereum and projects in its ecosystem, including Shiba Inu.Shiba Inu also has a thriving community. 10. ChainLink ($LINK): Best High-utility Crypto Project To Buy Chainlink is a decentralized oracle network that feeds blockchain protocols with real-world data, enabling them to function optimally with accurate data. It powered financial systems built on the blockchain like Dexes and lending protocols. Chainlink was launched in 2017 by Sergey Nazarov and has grown from a decentralized data network to additional utilities like interoperability solutions. It is also popular among developers, with over 1.7K forks on Github.  Chainlink has endured sideways price movement in 2024, despite surging to a peak price of $21 in March, it has continued to consolidate within the $15 range. However, this is a solid performance considering the general outlook of the crypto market. Price$10.51 $10.51 Market Cap $6.26 Billion Total Supply 1 billion Year-over-year (YOY) return 80.43% Why Did We Choose Chainlink? Chainlink’s decentralized oracle network powers a majority of decentralized protocols. Chainlink is also working on CCIP (Chainlink cross-chain Interoperability protocol) – a protocol that connects technologically different blockchain networks. On July 18, 2024, it launched the Chainlink Digital Assets Sandbox—a platform for accelerating innovation in capital markets. These solutions are powered by LINK, making it a high-utility asset. 11. Litecoin ($LTC): Best P2P Payment Alternative To Bitcoin Litecoin is a fork of Bitcoin with a different hashing algorithm and relatively faster transaction processing speed. Like Bitcoin, LiteCoin is designed for P2P transfer of value. It runs on the POW consensus algorithm. This coin earns its place on this best crypto-to-buy list because it was created to be “silver” to Bitcoin’s gold and holds its place in the top 20 cryptocurrencies by market capitalization. Like others, Litecoin has seen volatility, and this will surely continue, but it also has a solid following, and analysts are reasonably confident in the coin’s future. LTC opened for 2024 at $73 per coin. It grew to an annual peak of $109 in March 2024. It currently trades within the $70 range. Price $60.49 Market Cap $4.9 Billion Total Supply 84,000,000 Year-over-year (YOY) return -20.43% Why Did We Choose Litecoin? Fidelity, a major mainstream financial service provider recently added Litecoin to the list of assets that can be purchased from its platform.LiteCoin’s economic strategy is similar to that of BitcoinLitecoin’s block reward halved in 2023, reducing emissions to half of the previous value.Mainstream merchants are accepting LiteCoin as a payment solution on their platforms. 12. Kaspa ($KAS): New And Promising P2P Payment Solution KASPA is a Proof of Work, DAG network for peer-to-peer transactions. It has a finality of 1 second and boasts a low transaction fee as well. Kaspa was launched in 2021 via a fair launch. It adopts an economy similar to that of Bitcoin. Kaspa scores above Bitcoin in throughput and is reportedly capable of running advanced protocols, including inscriptions and smart contracts. Kaspa is run by its community. Kaspa was trading at just above $0.11 on January 1, 2024. It reached an all-time high of $0.197 about 7 months later on the last day of June 2024. It currently trades at $0.17, an over 55% growth. Price $0.15 Market Cap $3.16 Billion Total Supply 28.7 Billion Year-over-year (YOY) return 379.87% Why Did We Choose Kaspa? Kapsa recently launched the KRC-20 token standard which allows developers to launch tokens on the Kaspa blockchain. Merchants around the world are also integrating KAS as a payment solution. Kaspa has also migrated its codebase to Rust and is developing improved mining facilities to post the network’s performance. 13. Filecoin ($FIL): Best Decentralized Storage Solution For Institutions And Individuals Filecoin is a DePIN for storage solutions. It provides a marketplace for storage space. Participants in the network commit their idle storage space to be used for data storage in turn for rewards in Filecoin. It runs on the Filecoin Virtual Machine (FVM) which is capable of processing smart contract operations. Filecoin can be used to host websites, store multimedia files, app data, and so much more. Proof-of-replication and proof-of-spacetime help Filecoin to guarantee the data’s integrity and availability. The whitepaper defines it as less prone to single points of failure: a plus for distributed computing that the conventional cloud does not offer.  FIL traded at above $6.9 on January 1, 2024, and quickly climbed above $7 on the second day of the month. It consolidated around this level before pumping to $11.46 on March 09, 2024. It has settled below $5 as the general market drops. Price $4.5 Market Cap $1.95 Billion Total Supply 1,960,103,800 Year-over-year (YOY) return 0.27% Why Did We Choose Filecoin? Filecoin is a top DePIN project. Crypto investors are growing an interest in decentralized storage alternatives.Filecoin is partnering with other top native crypto and mainstream projects to scale the adoption of decentralized storage solutions. 14. Cosmos ($ATOM): Best Blockchain Interoperability Solution COSMOS allows blockchain developers to build autonomous blockchain networks that easily communicate with other networks. These networks are developed using the Cosmos SDK which are defined on the whitepaper as predesigned algorithms for interoperability. The Cosmos cryptocurrency, ATOM, is the native coin of the Cosmos blockchain. The Cosmos Hub was launched in 2019 and is a project that aims to answer the issue of interoperability between blockchains.   ATOM has lost about 40% of its opening price this year, despite trading above $14 in March 2024, it has declined below $7 in the second quarter of the year and continues to trade around this point. But with the utility Cosmos provides, it is likely to have a reversal.  Price $6.2 Market Cap $1.80 Billion Total Supply ∞ Year-over-year (YOY) return -31.20% Why Did We Choose Cosmos? Cosmos is deploying new features to the Cosmos SDK, making a reliable blockchain development and interoperability solution.New blockchains are launching on the Hub and several projects use the Cosmos SDK to launch new blockchains. ATOM is one to watch when the market recovers. 15. Render ($RENDER): Best DePIN And GPU Marketplace Project Render network pools idle GPU power into a decentralized marketplace powered by the RENDER token. AI projects and content creators who wish to perform resource-intensive computing operations can obtain GPU on-demand from the Render network. Device owners can also monetize their idle GPU by committing them to the network. Initially established in 2017 after an Initial Coin Offering, the Render network supports effective rendering with a unique combination of a hybrid proof-of-work mechanism. It is a decentralized network where artists buy GPU compute power utilizing $RNDR tokens with all the payments held in a smart contract for confirmation.  RENDER has grown over 55% TYD, from just above $4.4 on January 1, 2024, it currently trades above $6.7. Price $4.90 Market Cap $1.9 Billion Total Supply 532,219,654 Year-over-year (YOY) return 285.52% Why Did We Choose Render? Render deployed on the Solana network in the last quarter of 2023 and opened its network to AI projects. Render fits into the DePIN and AI narrative and has delivered impressive solutions in these areas. Render network is also rebranding and expanding its coverageRender network have been recognized by leading mainstream industry players as a top DePIN project. Which is the best crypto to buy? Projects like Telegram Open Network (TON), Solana, Bitcoin, and Ethereum are good ones to consider for long-term investments.  Using a project’s fundamentals and factors that apply to you (like capital, risk tolerance, and whether you wish to HODL for long or short term) you can select a crypto asset that fits you best. We studied a select few in the course of this article, the best crypto to buy is one that fits your investment strategy the most. How to Find the Best Cryptos to buy? While surfing through the market to find a crypto asset to invest in, here are some general fundaments you should consider; Long-term Potential If you plan to hold on to your investments for a long time, consider the project’s viability in the long term. A few things to look out for are the project’s, utility, roadmap, team dedication, and community progress. Consider the project’s economy to ensure they have a future-proof financial plan. Review the project’s tokenomics, emission structure, vesting, and token allocation and estimate the balance between token supply and demand. Projects with relevant utility, a dedicated team, and a community are more likely to maintain demand for their token over time. Short Term Potential For assets, you wish to hold for a short while, consider the scheduled events during the period you wish to hold the asset. New projects have a higher chance of pumping in a short time, therefore, new projects and projects that have significant upcoming events are ones to look out for. You can also track the social activity of such a project to estimate the trader’s psychology and how this can affect the launch or event as it relates to the asset’s price. Availability and Liquidity Actively trading assets can be purchased on the centralized or decentralized exchanges where they are listed. For pre-sales, the platform for purchase is usually shared on the official website or social media page. While investing in any crypto asset, ensure that they are easily tradable and available on reputable trading platforms. You can also check the trading volume to get an idea of the viability of the project. Actively trading assets are recommended. For assets like meme coins trading on a decentralized exchange, ensure that the liquidity is sufficient and locked to prevent investing in rug pulls. Market Capitalization Market Capitalization is the total valuation of the project. It is the product of the circulating supply and the current price. This changes with the price or as more assets come into circulation. Another data to look out for is the Fully diluted valuation (FDV). FDV considers the total supply of the asset. It gives an idea of what the project would be worth if the total supply was in circulation. Before investing in any project, understand the basis of its valuation by reviewing the utility, demand, supply, the current market cap, and the Fully Diluted Valuation. Crypto presale Presale events enable crypto projects to raise funds for the development by offering investors the project’s tokens at a lower price. This is the earliest stage of the project and investors often strive to purchase assets at this stage. While the crypto presale period offers a great advantage, it is also harder to evaluate the project’s performance after launch; therefore, if you are sourcing for a presale project to invest in, review the team behind the project, the tokenomics, and the roadmap as well. Also, ensure that you are purchasing the token on an official IDO, ICO, or IEO platform. Where to buy cryptocurrencies You can purchase cryptocurrencies on custodial (centralized exchanges and OTC platforms) and decentralized digital trading platforms. Centralized exchanges and OTC platforms: Centralized crypto exchanges are custodial trading institutions offering spot and derivatives trading services for crypto assets. You can search the asset you wish to purchase on tracking applications like Coingecko and Coinmarketcap to see exchanges where they are listed. Decentralized exchanges: Many new projects list on decentralized exchanges first. While purchasing an asset on a Dex, ensure that you enter the correct contract address to avoid purchasing the wrong asset. How to buy Cryptocurrencies After creating your account and crediting your trading account, you are now ready to start trading cryptocurrencies. Here is how to buy a cryptocurrency To place a buy order. Step 1: Visit the exchange you wish to purchase the asset on. Step 2: Navigate to the market section and find the crypto asset you wish to buy. Step 3: In the Buy section, set the price at which you wish to buy the asset and enter the amount you wish to purchase. Step 4: Click BUY [ASSET] to place your order Keep in mind that if your set price is below the market price, the order will not be completed immediately but added to the order book. You can track your order in the order area to see if it has been filled. Should you invest in cryptocurrencies? Despite the progress made in blockchain technology and crypto as a financial sector, many investors are still split between investing in cryptocurrencies and continuing with the traditional form of investing. While this is a personal decision majorly, investing in cryptocurrency could be a great decision for the following reasons; Relative Performance Over the past decade, cryptocurrencies have delivered a significantly higher return, compared to other digital assets and even real estate. Bitcoin has outshined precious metals like Gold and Silver in the past five years and this trend is set to continue for the foreseeable future. Certain altcoins have delivered an even better performance. Low Barrier For Investors Purchasing cryptocurrency is simple. Investors, regardless of their location and exposure to technology and financial services can purchase and manage cryptocurrencies. Thanks to self-custody financial services like decentralized exchanges and lending platforms, investing in cryptocurrency is even easier. Decentralization Cryptocurrencies are a shift from the traditional investment culture. It moves authority to the people and accords investors full control over their investments. Cryptocurrency is permissionless, giving investors a higher level of freedom compared to traditional investment sectors. Investment variety Cryptocurrencies provide a vast earning opportunity for investors. Passive income programs like Staking, Yield-farming, and external airdrops for older investments could significantly boost your income. These opportunities are uncommon in traditional investment space but are a norm in the crypto space. Risks of investing in Cryptocurrencies Cryptocurrencies do have their own risks that one must consider before investing in them. Volatility The prices of crypto assets can experience quick sideways swings. Drops in the value of cryptocurrencies are more intense and could result in significant losses in a short period. Investors are advised to apply risk management precautions when investing in cryptocurrency. Security Risks Crypto investors also stand a chance of losing their investments to hacks, rug-pulls, mismanagement of funds by custodial institutions, and erroneous transactions. It is important to understand the best security practices before investing in cryptocurrencies or interacting with advanced decentralized protocols. Also, due to the rigid security structure of blockchain technology, retrieving lost assets could be hard and impossible in most cases.  Complicated Technology The blockchain is an emerging technology, in addition, it is complicated, even in its basic form. Investors could have a hard time understanding the basic operations. This increases the barrier to participation and also the risks of losing funds to mistakes.  Conclusion Bitcoin and Ethereum are some of the most stable and reliable assets to buy. Other assets like Toncoin and Solana have high upsides but could also fluctuate significantly. If your risk tolerance is high enough, these are also good projects to invest in. With the growing DePIN narrative, Render and FileCoin are also solid ones to look at. In this article, we reviewed selected crypto assets using key project fundamentals and the general market outlook. Our selections are based on relevant mathematical and psychological estimations. Also, note that this list is not exhaustive and is for educational purposes and not financial advice.