Top 5 Crypto by Market Cap: Which Is the Best Investment?

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Choosing which of the top 5 crypto by market cap to invest in can be a struggle if you don’t know what to look for. New coins and derivatives are popping up constantly, making the market even more difficult to predict.

But fear not, we’re looking at which of the top 5 crypto by market cap to invest in to give you the best investment opportunity.

1. Solana (SOL)

Solana is one of the top-performing cryptos, with a market cap of $65,189,807,143 as of June 2024. Solana meme coins are increasing in popularity quickly, with the best Solana meme coins in 2024 including Base Dawgz, Sealana, MAGA, Bonk, and dogfight.

According to Sergio Zammit, finding the right Solana meme coin is like finding a needle in a haystack. However, if you know what to look for and follow his guide, choosing the right coin for your needs is efficient and profitable.

Designed to rival Ethereum, Solana has skyrocketed over 880% in the past year, establishing itself as a top player in the cryptocurrency market.

Crypto experts suggest that investing in Solana offers an excellent opportunity for substantial returns, with gains projected at 120% by 2025.

As of June 30, 2024, you can purchase Solana at $141.16. Investing in Solana meme coins today is one of the best investments you’ll make in 2024, according to experts.

Fast transaction times are one of the main pros of Solana, as it rivals some of the other top contenders in the cryptocurrency market.

What truly put Solana on the map was its innovative technology that offers scalable solutions for decentralized applications, a big pro for the up-and-coming crypto. But Solana has established itself well and truly, now sitting within the top 5 crypto by market cap.

2. Binance Coin (BNB)

BNB is an interesting crypto. It started on the Ethereum blockchain but now has its own, with the Binance blockchain. BNB is fourth on the list for the top 5 cryptos by market cap, with a market cap of $85,037,578,911 as of June 30, 2024.

Investing in BNB is good if you’re looking for low transaction fees within the Binance exchange. You can get into the BNB market at $576.20 as of June 2024. Some experts suggest Binance is a good option for investments in 2024, with some predicting an increase in market cap by 2025.

However, like all crypto, BNB has had its ups and downs. In 2021, the price of BNB increased by over 50%, with interest spiking for this alternative to Ethereum. The highest price was in November 2021, hitting over $600.

In 2022, the price of BNB decreased, but it’s on the way up again, with the June 2024 price slowly increasing to the highest price for BNB in 2021.

3. Tether (USDT)

Tether is a stablecoin, meaning its value fluctuates with the US dollar. Tether is the third largest crypto by market cap, sitting at $112,649,696,788 as of June 30, 2024. Tether is by far the leader in the stablecoin market, making it a popular option for those just getting into crypto.

Since Tether is pegged to the US dollar, the 1:1 ratio means you can get into the market at $1. One of the main draws for investing in Tether is that you have quick access to crypto for trading. You don’t need to work with a fiat currency in between, rather trading Tether directly.

If you’re looking for a reliable way to send money across borders safely and without hassle, Tether is a great option.

Not only are the transaction costs minimal, but Tether transactions are extremely quick compared to traditional banking. Plus, USDT is one of the most recognized crypto available on most crypto exchanges.

4. Ethereum (ETH)

Ethereum, the second most popular cryptocurrency after Bitcoin, is favored not just as a digital coin but also for its computing platforms. This versatility makes it popular for crypto gambling and betting sites, enhancing user experience.

With smart contracts and blockchain technology, Ethereum enables decentralized apps, boosting security and anonymity, and supports fair, player-to-player wagering without intermediaries.

The online gambling world is growing dramatically, bringing a far greater need for improved technology for decentralized apps.

As the need continues to grow, cryptos like Ethereum must keep up, offering a wider range of support and services, which it has done fantastically to date. Ethereum is hot on the heels of any changes in the market, making it a very reliable crypto for various industries.

As of June 2024, the Ethereum market cap stands at $407,227,653,618, putting it in second place for the top 5 crypto by market cap in 2024. But investing in Ethereum is going to cost you. As of June 30, 2024, you can buy Ethereum for $3,388.

5. Bitcoin (BTC)

Leading the pack, it’s no surprise that Bitcoin tops the list of top 5 cryptos by market cap. As the original cryptocurrency, Bitcoin has established itself as a reliable currency for online transactions since its inception in 2009.

As of June 2024, Bitcoin has a market cap of $1,211,393,406,786, an astronomical number when one thinks of where it started. You can buy Bitcoin at $61,433 as of June 30 2024, an expensive investment, but for good reason.

As the OG crypto, the market data for Bitcoin is extensive, so predictions are a lot more reliable than some of the new cryptos.

Investing in Bitcoin may seem like the obvious choice for a return, but you need to be sure you understand the market well before diving in headfirst.

One of the major drawbacks for most wanting to invest in Bitcoin is the price. While reliable, the growing crypto market brings much cheaper alternatives, giving everyone a chance to get in on the action.

Claire S. Allen
Claire S. Allen
Hi there! I'm Claire S. Allen, a vibrant Gemini who's as bold as my favorite color, red. I'm a fan of two cool things: strolling the streets in a red jacket and crafting articles that connect with readers. With my warm and friendly personality, Claire is sure to brighten up your day!
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