what is cryptocurrencies
Cryptocurrency is a digitally developed currency unlike traditionalphysical money based on complex computer programming. It works differently than traditional money, because it isn”t controlled by a government or bank. Instead, it uses a technology called blockchain, which keeps track of transactions across many computers. This makes it very secure. It became popular when a cryptocurrency named bitcoin invented in the year 2009, and since then, many other cryptocurrencies have been made, like Ethereum and Ripple. People use cryptocurrencies for different reasons, like buying things, investing, or trading. Some people like cryptocurrencies because they can be used without a bank or government. However, some people are worried about them because they can be very unstable, they aren”t controlled by anyone, and they might be used for illegal activities. Even though some people are unsure about cryptocurrencies, they are becoming more and more popular, and they will probably continue to be used in the future.
Top 5 cryptocurrencies to invest with their data
Bitcoin
It is the most popular cryptocurrency among all the cryptocurrencies because of its uniquely designed concept. It is free from any traditional banking system and follows a decentralized method of operation so it’s not dependant upon any central government for it’s functioning. In the recent years it’s appreciation interms of valu creation due to impressive growth has given a great investment opportunity to everyone who believe in this concept.
An overview to bitcoin
| Crypto Name | Bitcoin |
| Token symbol | |
| Current Price | $28,851 |
| Market cap | $557.91 B |
| Circulating supply | 19.35 M BTC |
| All time high | $67,566.83 |
| All time low | $.09 |
Shall I invest in Bitcoin in 2024
Bit coin investment is a hot topic of discussion in financial community today. Being the largest cryptocurrency interms of market capitalization it has gone through various ups and downs since the inception. Let’s understand why you should consider investing in bitcoin in 2024.
decentralized digital currency
Bitcoin is a decentralized currency that means it’s not abide by rules of any central government.That means it will not be hindered by any financial institutions unlike any major currency of a country. So in other words this digital cryptocurrency is inflation proof and financial crisis proof.
Limited in supply
Anything is valuable based on its demand and supply chain. In that case you have to understand bitcoin has a limited supply that is a maximum of 21 million coins can be mined not more than that. So it works on the principle of gold. Bitcoin is also coined as digital gold. Hence in future it’s value is likely to increase massively.
High liquidity and High returns
Unlike realistate or gold transactions which is difficult to brought or sold it is very simple and easier because of its liquidity. When we talk about returns it has generated a massive 18,700% returns since it’s inception with an annual average returns of approx 1500%. However there is no guarantee that it will continue to give similar returns in future. You must invest as per your risk appetite.
Global acceptance
One other factor that make investors confident about investing in bitcoin is it’s global recognition and acceptance. Companies like Microsoft, Payal, Overstock, Etsy are among others those are accepting bitcoin as mode of transaction for payment.
In our recommendation list Bitcoin stands at the 1st position as the cryptocurrency to buy in 2024.
Price prediction for Bitcoin upto 2030
| Year | Minimum price | Maximum price |
| 2023 | $37,971 | $41,500 |
| 2024 | $52,317 | $61,081 |
| 2025 | $74,495 | $88,926 |
| 2026 | $107,385 | $125,220 |
| 2027 | $150,391 | $279,220 |
| 2028 | $225,232 | $270,361 |
| 2029 | $329,220 | $381,440 |
| 2030 | $476,220 | $579,116 |
#2 Ethereum
It is the 2nd largest cryptocurrency interms of market capitalization after bitcoin. It’s deep ecosystem and smart contract platform makes it unique then other cryptocurrencies. Smart contract is a process in which it allows two different parties to execute when the conditions of the transaction satisfies by the computer programs. This is the reason behind greatest of the computer engineers are working on it to expand the platform.
An overview of Ethereum
| Crypto Name | Ethereum |
| Token symbol | ETH |
| Current Price | $1733.51 |
| Market cap | $208,582,655,077 |
| Circulating supply | 120,226,966.54 ETH |
| All time high | $4,891.71 |
| All time low | $0.4309 |
Decentralization
Like Bitcoin it also a decentralized digital currency. Not dependant upon any government or financial institutions. The smart working principle and less external interference makes it a popular choice among investors.
High liquidity and limited supply
These two factors makes it counted as a top cryptocurrency in 2023. Ethereum is highly liquid and can be easily bought or sold. Although Ethereum does not have a fixed limit on the number of coins that can be mined, there is an annual limit of 18 million new coins. This ensures that the value of Ethereum will not be diluted by an unlimited supply.
High returns
| Year | Minimum price | Maximum price |
| 2023 | $1,100 | $2,200 |
| 2024 | $1,900 | $4,400 |
| 2025 | $4,500 | $6,750 |
| 2026 | $5,620 | $8,117 |
| 2027 | $4,496 | $9,093 |
| 2028 | $8,845 | $11,521 |
| 2029 | $10,536 | $13,565 |
| 2030 | $12,400 | $15,200 |
Tether
In the high volatility cryptocurrency world if you’re looking for a stable coin to invest then Tether should be your choice of investment. With a market capitalization over $68 billion and backed by currencies like U.S dollar and euro, Tether investment could be a game changer for crypto investors.
An overview of Tether
| Crypto Name | Tether |
| Token symbol | USDT |
| Current Price | $1.0002 |
| Market cap | $83.34 B |
| Circulating supply | 66.85B |
| All time high | $0.6051 |
| All time low | $1.2104 |
Why should I invest in Tether
Stability
Tether is highly stable unlike other volatile cryptocurrencies with a market capitalization over $68 billion. The reason behind this is it pegged to a more stable asset, such as the U.S. dollar or gold. Hence it a great reliable option of investment in cryptocurrency.
Global acceptance
Tether is widely accepted within the cryptocurrency ecosystem for transactions among cryptos. Many currency exchanges and crypto platforms accept Tether, which suggests there is a growing demand for the stablecoin.
Liquidity and great returns
Liquidity: Tether is one of the most liquid cryptocurrencies on the market, which makes it easy to buy and sell. Hence provides a great platform to investors who want quick entry and quick exit from the trade. As far as returns is concerned please refered to the below mentioned table for price prediction upto 2030
| Year | Price prediction |
| 2023 | $ 0.9999486 |
| 2024 | $ 1.0499461 |
| 2025 | $ 1.1024434 |
| 2026 | $ 1.1575656 |
| 2030 | $ 1.4070282 |
4. Binance Coin (BNB)
Binance coin is a popular cryptocurrency developed in 2017 by the Binance cryptocurrency exchange. Due to it’s legitimate use cases and predictable success in the recent times it has evolved as a popular crypto investment option among the investors. Let’s understand about Binance coin and why you should consider Binance coin as your crypto investment option in 2024.
An overview to Binance
| Crypto name | Binance coin |
| Token name | BNB |
| Current price | $ 326.06 |
| Market capitalization | $49.25 B |
| Circulating supply | BNB 157.89 M |
| All time high | $663.35 |
| All time low | $0.03981770 |
Multiple uses: Binance Coin has various uses on the Binance platform. Users can utilize BNB for transactions in the exchange taht includes fee for trading , fee for platform uses etc. In addition to this Binance has extended the use of BNB to include crypto payments, travel bookings, and more. Further the uses is expected to be vast in the recent future. Considering it no doubt Binance will be a suitable cryptocurrency to invest in 2024.
Unique future
Binance coin which has been developed using ethereum blockchain has an unique feture known as token burning in this special feture Binance burns a portion of BNB tokens using 20% of its profits every quarter. This feture reduces the circulation supply and boosts the value of current supply
High returns and liquidity
Being one of the great liquid cryptocurrencies it is very easy to buy and sell, which make it one of the decent cryptocurrency to invest in 2023. Binance coin with a market capitalization of $90 billion as of April 2023 shown a steady growth in the past years. Providing below a research based price prediction of Binance coin upto 2030.
| Year | Minimum price | Maximum price |
| 2023 | $291 | $706 |
| 2024 | $596 | $858 |
| 2025 | $719 | $1,035 |
| 2026 | $909 | $1,309 |
| 2027 | $1,001 | $1,441 |
| 2028 | $1,206 | $1,736 |
| 2029 | $1,370 | $1,972 |
| 2030 | $1,615 | $2,325 |
XRP coin
The next cryptocurrency in our recommendation list is XRP coin. It is a great digital asset with a market capitalization over ******. It is a sister currency designed and developed by Ripple payments network. You can definitely consider this popular cryptocurrency for your investment.
An overview to XRP Coin
| Crypto name | XRP coin |
| Token name | |
| Current price | $0.464878 |
| Market capitalization | $24,276,198,210.28 |
| Circulating supply | 51,678,187,732 XRP |
| All time high | $3.84 |
| All time low | $0.0028 |
Why you should invest in XRP coin
First transaction
The important unique feature of XRP coin is it’s first transaction facility for cross border trade. The problem solving feture made it one of the widely accepted and popular medium of transaction.
Limited supply
XRP has a limited supply: Like the popular cryptocurrencies bitcoin and ethereum, Only 100 billion XRP tokens can be mined. This means in future when the demand for XRP increases, the supply cannot be inflated, potentially leading to increased value for investors.
Expected high returns
At present the XRP coin is trading at around $ 0.474702. If you will see it’s performance from 2017 to till date, it has given more than 6 000% returns. However the crypto investment is always a roller coaster ride with a lot of risk involves. Investors are requested to do their own research before investing into cryptocurrencies.
Price prediction for XRP coin upto 2030
| Year | Minimum price | Maximum price |
| 2023 | $0.40 | $0.98 |
| 2024 | $0.84 | $1.21 |
| 2025 | $1.06 | $1.53 |
| 2026 | $1.36 | $1.95 |
| 2027 | $1.76 | $2.53 |
| 2028 | $2.28 | $3.28 |
| 2029 | $2.95 | $4.24 |
| 2030 | $3.81 | $5.49 |
Conclusion
Additionally, cryptocurrencies offer a high degree of flexibility and accessibility. Investors can purchase and trade cryptocurrencies through online exchanges from anywhere in the world, hence the digital advancement gives the opportunity to everyone across the globe to look cryptocurrencyas a great investment optionin 2024. In conclusion, while investing in cryptocurrency does come with risks, such as market volatility and regulatory uncertainty, it also presents significant opportunities. As more companies and institutions begin to adopt cryptocurrencies, their value may continue to rise, which means 2024 is the beginning of a new era of investing and diversifying your portfolio with massive returns. As with any investment, investors should conduct their own research and consider their risk adaptability before investing in cryptocurrencies.