17 Best Cryptocurrency to Invest In 2024- New Coins to Invest

With Cryptobecoming more and more advanced each year, businesses are slowly but surely starting to implement all types of payments via cryptocurrencies.

For example, many companies has started to accept Bitcoin and in exchange for their goods even though the price of Bitcoin has not been stable lately!

Cryptocurrencies can make financial transactions much more efficient and instant.

When it comes to interacting with customers, and making payments with digital currency like Bitcoin one can say that Cryptocurrencies are not a new technology.

However, Cryptocurrencies are making businesses far more accessible than ever before.

If you want to find the best cryptocurrencies to invest in this year, you’ve come to the right place. Let’s get right into it.

In this post, I rank and review some of the best cryptocurrencies right now. The factors I take into consideration include:

  • The purpose of the coin
  • The idea behind the project
  • Price information
  • Market Information
  • Where to buy the coin safely

What Are the Best Cryptocurrency to Invest In this Year?

Here are my picks for the best cryptocurrencies to invest in right now:

  1. Solana (SOL)
  2. Verasity (VRA)
  3. Engine (ENGN)
  4. Theta
  5. Cosmos (Atom)
  6. Algorand (Algo)
  7. XRP
  8. Stellar (XML)
  9. Harmony (ONE)
  10. SHIB (Shiba uni)
  11. Bitcoin (BTC)
  12. Ethereum (ETH)
  13. Dogecoin (DOGE)
  14. Cardano (ADA)
  15. USD Coin (USDC)
  16. Terra (LUNA)
  17. Polkadot (DOT)

1. Solana (SOL)

The most recommended coin to invest in right now!

Source: coinmarketcap

Solana (SOL) is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

2. Verasity (VRA)

Founded on May 18, 2018, Verasity (VRA) is the next generation of video-sharing aimed at creating a fair system for creators to earn from their work, and advertisers to gain value for their ad spend.

It achieves this through its proof-of-value (PoV) protocol, its product layers, and its platform esportfightclub.com — a pro-gaming streaming platform which features esports tournaments like PUBG Mobile — which is Verasity’s most important use case according to their whitepaper. The website combines all of Verasity’s products into one platform owned and controlled by Verasity. With a growing number of users, the platforms offer rewards in VRA for watching, subscribing and winning.

Mark R.J., founder of Verasity, was involved in the research and development of a compression algorithm for streaming applications used at Action TV in the United Kingdom in 2000. He later had a stint as CEO at a data management company — Datagard, which included several popular brands.

3. Engine (ENGN)

Engine is an experimental development platform that incorporates adaptive gaming mechanics into the blockchain. By using a revolutionary protocol that allows game developers to directly incorporate the outputs from non blockchain protocols to blockchain compatible data, Engine acts as a bridge between the two ecosystems.

Through this, Engine gives the game developers the ability incorporate features such as Play to Earn and Player vs Player wager style competitions and much more into their existing games and game universes.

This allows the merge of multiple sectors essentially creating a multiverse where both gaming and crypto enthusiasts benefit alike.

With Engine, soon all the games you played, play and will play in the future will gain the ability to incorporate NFTs into assets, give out prizes for competitions.

Engine will also act as an incubator for new and upcoming developers, helping them develop and publish their games. Through this Engine hopes to bring Indie games to mainstream and to create a revenue stream and a path of publication for talented yet undiscovered developers.

4. THETA Network (THETA)

Theta is a decentralized video delivery network, powered by users, running on a dedicated blockchain (Theta Network). Its value proposition is to reduce the costs of content delivery networks by effectively creating a mesh network of shared content.

Initially launched as an ERC-20 token, Theta has run its mainnet since March 2019, following a $20MM raise via private token sales in 2017.

Theta Network aims to create a more efficient way to deliver content in a global, peer-to-peer mesh network.

5. Atom (Cosmos)

Cosmos is a network connecting many independent distributed ledgers (e.g., Ethereum, Bitcoin) to achieve interoperability across blockchains. Its goal is to “create an Internet of Blockchains”, i.e., “a network of blockchains where each participant is able to communicate with each other in a decentralized way”.

ATOM is the native asset of the Cosmos Hub, which can be further subdivided into 1 million micro ATOM (uATOM).

The co-founders of Tendermint — the gateway to the Cosmos ecosystem — were Jae Kwon, Zarko Milosevic and Ethan Buchman. Although Kwon is still listed as principal architect, he stepped down as CEO in 2020. He maintains he is still a part of the project but is mainly focusing on other initiatives. He has now been replaced as Tendermint’s CEO by Peng Zhong, and the whole board of directors was given quite a substantial refresh. Their goals include enhancing the experience for developers, creating an enthusiastic community for Cosmos and building educational resources so greater numbers of people are aware of what this network is capable of.

6. Algorand (Algo)

Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures “full participation, protection and speed within a truly decentralized network”.

The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.

7. XRP

Ripple (XRP) is a digital payment network and protocol that is used to settle payments, exchange assets and transfer money. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

Originally founded by Jed McCaleb and Chris Larsen in 2012 under the name “OpenCoin,” Ripple was created to free people from financial networks like banks and credit cards.

You can buy XRP on any exchange that offers digital currency. For the latest list of exchanges and trading pairs for this cryptocurrency, check Binance exchdnage. Remember to do your own research before choosing an exchange!

You can either store your XRP on an exchange, where the exchange is responsible for the safety of your asset or store your XRP in a cold or hot wallet.

8. Stellar (XML)

Stellar is an open-source network with the mission to “create equitable access to the global financial system”. Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014.

When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology.

Stellar is unique because every transaction costs just 0.00001 XLM. Given how one unit of this cryptocurrency only costs a few cents at the time of writing, this helps ensure that users keep more of their money.

9. Harmony (ONE)

Harmony is a fast and secure blockchain for decentralized applications. Harmony’s main focus is on achieving scalability by dividing not only the network nodes but also the blockchain states into shards, “scaling linearly in all three aspects of machines, transactions and storage”.

Stephen Tse is the founder and CEO of Harmony. He has a Ph.D. from the University of Pennsylvania, specializing in cryptographic protocols and type theory.

While finishing his degree, Dr. Tse became a research intern at Microsoft. In 2006 he started working as a senior engineer at Google, spending four years in the company. In 2011 he founded Spotsetter, a successful search engine which Apple later acquired. In 2014, Dr. Tse became the principal engineer for Apple.

10. SHIB (Shiba Uni)

Shiba Inu (SHIB) is a decentralized cryptocurrency created in 2020 by an anonymous person under the pseudonym Ryoshi.

The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.

The SHIBA INU website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market. SHIBA INU has also created a campaign using Amazon Smile in order to collect donations to escue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.

11. Bitcoin (BTC)

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

There is no physical BTC token so you can think of Bitcoin as digital money. Bitcoin transactions are fully transparent and can’t be censored. You can send money to anyone in the world with ease. It’s a financial system backed by thousands of computers around the world, instead of a single central bank or government.

12. Etherem (ETH)

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.

Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014.

The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.

13. Dogecoin (DOGE)

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.

Dogecoin began as a “meme coin” that poked fun at the buzz around new altcoins entering the market. Initially, Dogecoin had little to no value, and it was initially used as a tipping mechanism to thank users on social media and online forums like Reddit.

Dogecoin launched with a maximum supply of 100 billion DOGE, though the cap has since been removed, making the supply essentially limitless.

14. Cardano (ADA)

Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.

It is one of the biggest blockchain networks to successfully implement a PoS consensus mechanism that is more power-efficient than Proof-of-work blockchain networks.

Cardano’s primary purpose is to facilitate transactions with its native cryptocurrency,ADA, and empower developers to build applications on its’ scalable and sustainable network.

Cardano’s founder, Charles Hoskinson, is believed to hold the highest amount of Cardano (ADA) tokens.

If you want to stake Cardano, you can follow our step-by-step guide below:

  • Step 1: Create a Binance account.
  • Step 2: Purchase or transfer ADA tokens to your Binance wallet.
  • Step 3: Go to Binance Staking and select ‘Cardano’.
  • Step 4: Select a staking duration, typically 30-90 days.
  • Step 5: Enter the amount of ADA tokens you want to stake.
  • Step 6: Click on ‘Stake now’ and you’re all set.

15. USD Coin (USDC)

USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds.

USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the Centre consortium. Centre issues and redeems USDC without any extra fee and is licensed as a money-transmitter in the US and as an e-money institution in Europe.

USD Coin has become one of the largest stablecoins (with a supply approaching a billion), its support has been extended to multiple decentralized applications (e.g., DeFi) and a wide variety of exchanges (e.g., Coinbase, Binance, Kraken).

16. Terra (LUNA)

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and it intends to roll out additional options.

Terra’s stability mechanism depends on arbitrage activities by users. For instance, when the price of TerraKRW (TerraSDR pegged to the Korean Won) falls to 0.95:1.00 against the Korean Won in secondary markets, users can purchase 100 TerraKRW with 95 KRW on exchanges, and redeem these tokens on the Terra platform for LUNA tokens worth of 100 KRW. If the price of 1 TerraKRW goes above 1 KRW, users can purchase TerraKRW on the Terra platform and sell on exchanges for a profit.

17. Polkadot (DOT)

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

  • Polkadot uses DOT tokens for operating on its network. DOT serves multiple purposes such as:
    • Governance: where participants can manage protocol updates and fixes.
    • Staking: where the tokens are staked to ensure the network remains secure, as good validators are rewarded, and bad actors lose their stake.
    • Bonding: where new parachains are supported by bonding tokens.
    • Fees: for ferrying messages across parachains.

Cryptocurrency Comparison (Summary)

When choosing to invest in any cryptocurrency: focus on security, reliability, purpose of the coin and the idea behind itt. I hope this summary gave you some context around which cryptocurrency you should go afer in order to get a goor return on investment.

If you’re looking for the best cryptocurrency to invest in right not, I recommend All coins that i listed above and you can get started right not with a budget as low as $100.

Give these recommendations a try and happy trading!

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