The Cryptos With The Best Outlook in 2024

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As of March 2024, there are 13,217. And yes, most of us know about the main cryptos like Bitcoin and Ethereum – they’re always on the list of cryptos to invest in (and Ethereum is on ours) – but what about the other 13,215 coins? Read on to learn about the cryptos with the best outlook in 2024.

Ripple (XRP)

Ripple Labs XRP is a decentralized digital currency that’s also an open-source payment network –  it allows money to be converted into several different currencies with ease, similar to Solana. The XRP price has always been stable – it’s a wise investment.

Launched in 2012 and co-founded by David Schwartz, Jed McCaleb, and Arthur Britto, Ripple is known for its open-source protocol created to facilitate fast, cheap transactions directly between peer-to-peer (P2P) parties without intermediaries.

One key point to be aware of is that Ripple uses a consensus algorithm that works on validating financial transactions and the settlement of balances between network nodes, not PoW or PoS. For its part, the Ripple Network relies on an underlying ledger and native digital currency called XRP, with a confirmation speed of 5 to 7 seconds per transaction. There are also exceptionally low fees, enhancing payment efficiency at far lower costs.

Ripple has been widely adopted across various industries, including top-tier global payment networks and the world’s largest financial institutions and international banks.

  • Current Price: $0.48

  • Market Cap: $26.75 billion

  • Circulating Supply: 55,681,483 XRP

  • Vol. 24H: $598 million

  • Change (YTD): -21.8%

  • Founder: Chris Larsen, Jed McCaleb

Ethereum

Ethereum’s main selling point in 2024 will always be its blockchain, which can be organized and computerized. Ethereum’s blockchain can execute its self-executing contracts using its simple blockchain – and smart contracts are becoming more mainstream, especially for business use.

Performance has made Ethereum essential to smart tokens and open-source finance. Making matters more interesting, they recently released the Ethereum Dencun Upgrade on March 13, 2024, which, on release day, caused a massive drop in gas fees. By March 16, daily transactions surged to 2.1 million. Ethereum always had a terrible reputation for high gas fees.

The Dencun update also introduces EIP-2322 at the consensus platform contract, an upgrade to the Ethereum PoS consensus. This improvement maintains the current blockchain trade period.

  • Price: $3340

  • Market Cap: $403 billion

  • Circulating Supply: 120.14 million

  • ETH Vol: $10.8 billion

  • YTD: +46.4%

  • Founders: Vitalik Buterin, Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin

Solana (SOL)

Solana is a high-throughput blockchain platform that is fast and scalable. It has proven to be one of the top coins in 2024, with analysts predicting an upcoming 450% increase in value.

The resilience of Solana is driven by significant developments that emphasize Solana’s dedication to continuing growth and evolution. Solana recently launched EUROe, the first Euro-pegged stablecoin, eliminating the necessity to transfer money between platforms and pay for conversions.

Partnerships with massive companies, like Google and Amazon, further increase the platform’s presence. The capability to query Solana data was integrated into Google Cloud BigQuery, providing a new set of strong analytical instruments for Blockchain as a Service – the new SaaS.

Solana released AWS Solana blockchain node development blueprints, making it easier for developers to start work, expand, and take more risks. Given its recent advances in DeFi, various high-profile collaborations, and a commitment to invent, Solana remains one of the top coins of 2024.

  • Current Price: $146.5

  • Market Cap: $68 billion

  • Circulating Supply: 462.6 million SOL

  • Vol. 24H: $1.6 billion

  • Change (YTD): +44.8%

  • Founder: Anatoly Yakovenko

Cardano (ADA)

Known as the so-called ‘third generation’ – Cardano represents one of the few projects attracting attention from millions with its innovative design on the blockchain platform.

As downtrends continue throughout ADA price action in 2024, Cardano remains sticking to the grind, thanks largely to a development team that refuses to quit. Just because Cardano is experiencing more downs than ups, its future is bright.

Cardano has made its place in the top coins this year, especially after the successful release of the Guarda wallet. Cardano will have future development and upgrades with the upcoming Cardano Chango Hardfork.

  • Current Price: $0.42

  • Market Cap: $14.87 billion

  • Current Supply of ADA: 35.75bn

  • Vol. 24H: $219 million

  • Change (YTD): -29.9%

  • Founder: Charles Hoskinson

A small negative correction towards the end of March has placed ADA below $0.70.

Chainlink (LINK)

Chainlink is our final crypto.

Chainlink serves a vital purpose. Most smart contracts across blockchain networks need external data such as asset prices, market conditions, and interest rates. That’s where Chainlink comes in – an Oracle network delivering a decentralized means of sanctifying these external data points to smart contracts.

The platform offers a creative method to solve this issue by employing data providers and using Oracle to act as connectors between blockchain smart contracts and necessary external data sources.

Chainlink is expected to remain one of the top 20 cryptos by market capitalization – it’s an ideal way for traders looking forward to diversifying their crypto portfolios.

  • Current Price: $14.5

  • Market Cap: $8.83 billion

  • Circulating Supply: 608.09 million LINK

  • Vol. 24H: $281 million

  • Change (YTD): -2.8%

  • Founded by: Sergey Nazarov, Steve Ellis

Which crypto are you most likely to invest in? There are some solid options, but if you look back over the last five years, these cryptocurrencies are pretty much always on the list.