Our research shows the best cryptos to buy right now are Bitcoin, Ethereum, XRP, Solana, BNB, Dogecoin, and Cardano. These projects range from the scarcity-driven Bitcoin and Layer-1 Ethereum to the FinTech XRP, utility-focused BNB, and community-centric Dogecoin, catering to diverse crypto investors.
Bitcoin is the best crypto to invest in today, combining unmatched security, global recognition, and long-term value. Here, we analyze the best cryptocurrencies to buy in July 2024, and share our methodology and criteria for rating crypto projects.
Best Crypto to Buy Now – Editor’s Choice
The Pepe meme gets its own Ethereum Layer-2 chain
Stake $PEPU to earn double the staking rewards through Layer-2 technology
Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
Project Launched
June 2024
Purchase Methods
ETH
bnb
usdt
Bank Card
+1 more
Best Crypto to Buy Now – A Detailed Analysis
We’ll start our in-depth reviews of the best cryptocurrencies to buy now with large-cap crypto coins that could provide the most reliable returns in the long-term. We update our list according to market trends and performance as well as evolving utility and adoption.
Each factor in our ranking methodology is weighted, reflecting its importance in predicting success and reliability. This ensures that the crypto assets with the strongest performance across all metrics make the top of the list.
1. Bitcoin (BTC) — The Original Cryptocurrency, Known as “Digital Gold”
Bitcoin is the world’s oldest cryptocurrency and the largest by market cap by a wide margin. It’s the only cryptocurrency that’s officially recognized by many major governments, including the US — it’s even used as legal tender in countries like El Salvador.
The first spot Bitcoin ETFs began trading on US stock exchanges in 2024, leading to massive capital inflows. Other major events such as cuts in US Federal Reserve rates and halving events can also significantly impact Bitcoin’s price.
Bitcoin’s price has increased in the last year with a change of +137.08%
Year-over-year (YoY) return: +137.08%
Why Bitcoin made it onto our list
Bitcoin has been driving the crypto bull market for much of the past year. It’s more than doubled in value in the past 12 months, vastly outperforming major altcoins like Ethereum.
It’s now trading at $69,265.87, well over the key $42,000 price benchmark set during the 2020-21 crypto bull run. This provides a major psychological boost that’s likely to provide BTC with important momentum over the coming months.
Due to the approval of spot BTC ETFs in the US, the token could see even more gains; namely, thanks to the anticipated interest rate cuts across most major economies. In fact, the Bitcoin price prediction for the end of 2024 is a remarkable $90,000.
On June 18, 2024, Bitcoin surpassed Visa and Mastercard in daily transaction volume, reaching $46.4 billion. This historical milestone reflects the rising influence of Bitcoin and challenges traditional payment systems.
Interested in investing in Bitcoin? Learn how to buy Bitcoin with our comprehensive guide that walks you through the process step-by-step.
Pros and cons of investing in Bitcoin
Pros
Significant growth potential in volatile markets
Highly liquid asset with global market access
Robust security through cryptographic protocols
21 million cap ensures scarcity and value retention
Uncorrelated with traditional assets; reduces overall risk
Cons
Inconsistent regulations across jurisdictions
Slow transaction processing times and high fees at times
2. Ethereum (ETH) — The First Blockchain for Smart Contracts and DApp Development
Ethereum is the world’s second-largest crypto by market capitalization and the most widely used blockchain network for dApp development. The project was the first to introduce smart contracts when it launched in 2015.
Ethereum transitioned from a PoW validation mechanism to PoS in 2022. The first spot Ether ETFs were approved earlier this year and started trading on July 23. This could propel ETH’s price to new heights.
Ethereum price has increased in the last year with a change of +77.87%
Year-over-year (YoY) return: +77.87%
Why Ethereum made it onto our list
Ethereum remains the most popular blockchain network for developers. It’s where most of the action in the crypto world is happening, including new crypto to buy, play-to-earn crypto games, and advances in DeFi.
There’s a flywheel effect at play here. As Ethereum gets bigger, more developers build on it and encourage even more users to join. In return, demand for ETH keeps growing while its value continuously rises, making it as one of the top altcoins.
Earlier this year, the SEC approved filings for spot ETH ETFs, surprising the market. Ethereum ETFs started trading on July 23, with crypto analysts estimating capital inflows of $3 to $4.8 billion in the first five months.
This could equate to 800,000 to 1.26 million ETH, causing a massive supply crunch and price increase for ETH. For this reason, Ethereum has taken the number two spot as the best crypto to buy right now.
Currently valued at $3,324.00, the most optimistic Ethereum price prediction points to a valuation of over $7,000 by 2025. Considering building on or investing in Ethereum? Learn how to buy Ethereum with our detailed guide.
Pros and cons of investing in Ethereum
Pros
Most popular platform for DeFi and NFTs
Ethereum 2.0 upgrade enhances transaction speed and reduces fees
Recently launched Ethereum ETFs could skyrocket demand
Large, active community driving innovation
Participate in Ethereum’s PoS consensus to earn staking rewards
Cons
High usage leads to slow transactions and high gas fees
Vulnerable to bugs and exploits in poorly written contracts
3. XRP (XRP) — Network for Fast, Low-Cost Cross-Border Transactions
XRP is the official crypto token of the Ripple payment network, which was built to make international payments faster and cheaper. The project is coming off a win against the SEC, which alleged that XRP was an unregistered security. XRP is now the 7th largest crypto by market cap.
XRP price has decreased in the last year with a change of -14.35%
Year-over-year (YoY) return: -14.35%
Why XRP made it onto our list
XRP has been held back for years by uncertainty over whether it would be classified as a security in the US. Now, thanks to its court victory over the SEC, that uncertainty is gone.
That has cleared the way for major banks to try out Ripple’s payment network using XRP. The project has brought on major partners like Bank of America, PNC Bank, Santander Bank, and more.
XRP is slightly down since its court victory last summer, leading many analysts to think that it is undervalued — a sharp shift in sentiment compared to the previous year’s narrative of people asking “Is XRP Dead?”
More interest in using XRP for international payments during the current crypto bull market could send its price skyrocketing — even the most conservative XRP price prediction points to a 240% value surge by 2025.
Looking to utilize XRP for currency exchanges? Learn how to buy XRP through our easy-to-follow buying guide.
Pros and cons of investing in XRP
Pros
Settlement times within seconds
Handles 1,500 transactions per second
Minimal transaction costs compared to other cryptocurrencies
Strong ties with financial institutions and payment providers ensure longevity
Uses unique consensus protocol, not energy-intensive like PoW
Solana is a fast and cost-effective blockchain created as a challenger to Ethereum. It’s been one of the most successful crypto tokens of the resurgent crypto bull market, having increased +660.56% in value in the last 12 months. Solana is now the 5th-largest crypto by market cap and still has significant growth potential.
Solana price has increased in the last year with a change of +660.56%
Year-over-year (YoY) return: +660.56%
Why Solana made it onto our list
No cryptocurrency has more momentum than Solana right now, increasing +660.56% in value in the last year. The rally in SOL coincided with gains in meme coins like dogwifhat, Bonk, Popcat, and Myro.
Low transaction fees are the key to Solana’s appeal, contributing to its adoption and usage. On-chain transactions increased significantly, reflecting higher network usage. Demand for SOL futures also remain strong, indicating positive market sentiment.
Solana’s TVL climbed to $5.27 billion while its market cap increased to $82.6 billion, driven by whale transfers and SOL ETF speculation.
While we don’t think Solana will challenge Ethereum for dApp dominance, it’s still one of the best cryptos to invest in today, with potential gains of over 120% by 2025, according to our Solana price prediction.
Interested in the capabilities of Solana for smart contracts? Find out how to buy Solana with our comprehensive step-by-step guide.
Pros and cons of investing in Solana
Pros
Processes up to 65,000 transactions per second
Transaction costs are fractions of a cent
Uses Proof-of-History (PoH) for faster validation
Growing support for DeFi, NFTs, and Web3 applications
Designed to scale without layer-2 solutions, ensuring demand for SOL
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. BitcoinNews.best does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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