Top 5 Best Cryptos to Add to Your Investment Portfolio
The post Top 5 Best Cryptos to Add to Your Investment Portfolio appeared on BitcoinEthereumNews.com.
With the potential for significant returns, more people are looking to add digital currencies to their investment portfolios. Here, we highlight five of the best cryptos to consider in 2024, each offering unique benefits and growth potential. Bitcoin (BTC) Market Cap: $1.3 trillionYear-Over-Year Return: 145% Bitcoin, created in 2009 by the mysterious Satoshi Nakamoto, is the original cryptocurrency. It operates on a blockchain, a digital ledger of transactions distributed across thousands of computers. This decentralized nature, combined with the need for complex cryptographic puzzles to validate transactions (a process known as proof of work), ensures Bitcoin’s security. Bitcoin’s price has surged dramatically. In May 2016, one Bitcoin cost around $500. As of late May 2024, it’s valued at approximately $68,335—a staggering growth of 13,567%. BTC/USDT 1D – TRADINGVIEW Ethereum (ETH) Market Cap: $469.1 billionYear-Over-Year Return: 105% Ethereum, both a cryptocurrency and a blockchain platform, was founded by Vitalik Buterin. Launched in 2015, Ethereum supports smart contracts, which automatically execute when conditions are met, and non-fungible tokens (NFTs). Its vibrant ecosystem includes decentralized financial services, NFT marketplaces, and more. From April 2016 to May 2024, Ethereum’s price jumped from $11 to about $3,905, reflecting a 35,397% increase. With Ethereum ETFs expected to start trading in the US soon, it’s an exciting time for ETH investors. Recent market activity has pushed ETH’s price to around $3,900, showcasing its potential for growth. ETH/USDT 1D – TRADINGVIEW Solana (SOL) Market Cap: $77.7 billionYear-Over-Year Return: 733% Solana is designed for decentralized finance (DeFi), decentralized apps (DApps), and smart contracts. Its unique hybrid proof-of-stake and proof-of-history mechanisms allow for quick and secure transactions. Since its 2020 launch, SOL’s price has soared from $0.77 to around $172.85, an impressive gain of 22,348%. Recent developments highlight Solana’s growth. The LayerZero protocol now supports Solana, enabling asset transfers between…
Filed under: News - @ June 5, 2024 3:14 pm