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How to find the best crypto to buy now is a question of priority. The cryptocurrency market has undergone various changes over time. It is not the one you used to see in the past. Instead, it has become more informed, evolved, and shown potential growth. Today, more than 8,000 cryptocurrencies are available in the market. Choosing one becomes daunting and tiring. We have got you and come up with a list of the best crypto to buy now in September 2024.
How to Choose the Best Crypto Coin to Invest in Today?
Before we dive into the best crypto to buy now, you must consider how to choose the coins. What factors and market trends are involved in the journey? Are you interested? Let us find out.
Market Cap
The concepts of cryptocurrency and market capitalisation come side by side. What is market capitalisation? Market capitalisation, or market cap, is the total number of coins currently in the market. It is the value obtained when you multiply the current coin price by the total number of available coins. A higher market cap makes the digital currency stable and adopted, and vice versa. Knowing the cryptocurrency’s size, potential risks, and stability is essential.
Technology and Use Cases
The concepts of use cases define cryptocurrency's success and growth. Since crypto enjoys worldwide adoption and stability, check whether it can solve real problems. When choosing crypto to invest in or buy, look for technical features, innovative instruments, and scalability.
Community and Development
Crypto enjoying an active community and continuous improvements is always a good sign. When a community adopts crypto, many developers work to improve it and address related security issues. You must consider crypto when confirming its legitimacy and active community.
Legal stuff/Regulatory Changes
As you know, crypto is an evolving field. Many countries accept it as a legal way of earning, while some are still confused. In this regard, regulatory changes or government policies highly influence crypto growth. You must find one that faces no legal or regulatory issues.
Past Performance
When interested in buying crypto, look for its past performance. Doing so will give you a straightforward evaluation of how it will do in the future. Only then can you make an informed decision. However, past performance is not always correct; it estimates its response to market trends.
Best Crypto to Buy Now in September 2024
It does not matter whether crypto is a past concept or the present; what you are concerned about are the investment opportunities it offers. This guide uncovers the top crypto in 2024. It would be best if you hooked on to this.
Top Crypto for 2024 | Market Cap | Price | Year-Over-Year Return |
Bitcoin | $1.25 trillion | $ 56,482.44 | +113.39% |
Ethereum | $281.14 billion | $2,318.17 | +42.13% |
BNB | $73.7 billion | $506.75 | +137.76% |
Solana | $60.5 billion | $129.68 | +602.73% |
Dogecoin | $14.3 billion | $0.098 | +58.53% |
Cardano | $12.693 billion | $0.3414 | +36.99% |
TRON | $13,300 billion | $0.1534 | 96% |
U.S. Dollar Coin | $35,256 billion | $1.0033 | Not available |
Bitcoin (BTC)
Bitcoin was invented by Satoshi Nakamoto in 2009. Since then, it has been the king of the cryptocurrency kingdom. Bitcoin efficiently replaces traditional forms of payments and is considered a store of value, becoming a household name. The highly adopted coin operates on a decentralised blockchain and is highly active in secure transactions.
The reliability of BTC lies in the boom in the price from $500 to present-day $56,482.44. It is a valuable currency because it revolutionised digital security and trading trends. Many stock exchanges in the USA stock Bitcoin, discarding physical cash.
Read Here: https://www.realcryptoinsider.com/blog/how-to-buy-and-invest-in-bitcoin.
Key Specifications:
- Market Cap: $1.25 trillion
- Price: $ 56,482.44
- Year over Year Return: 114%
Pros
- Bitcoin has become a store of value.
- The stability of BTC is high compared to other coins.
- Bitcoin encourages high investments with fewer risks.
Cons
- The BTC algorithm consumes more energy for transactions.
Ethereum (ETH)
Ethereum is the second-largest crypto asset in the market after Bitcoin. Like BTC, ETH operates on a decentralised network and leads smart contracts. It also works for over 4,400 decentralised applications (dApps), contributing to the blockchain industry's infrastructure. Ethereum is the first alternative coin with the second-largest market cap value after Bitcoin.
Recently, it has been transformed into a better version for improved scalability and energy efficiency: Ethereum 2.0. ETH occupies the central portion of the crypto market by working in decentralised finance applications. Over the years, it has experienced wide adoption, and the price growth from $11 to $2328.27 is evidence.
Key Specifications:
- Market Cap: $281.14 billion
- Price: $2,318.17
- Year over Year Return: +42.13%
Pros
- Ethereum introduces DeFi, NFTs, and smart contracts, contributing to the market growth.
- Ethereum enables fast transactions compared to Bitcoin.
- The ETH algorithm makes the blockchain more efficient.
Cons
- Sometimes, ETH faces high traffic, causing slow transactions.
- ETH transaction cost is higher than the transaction value.
BNB (BNB)
Binance Coin, or BNB, is a native token of the crypto exchange Binance. It was launched in 2017 to benefit Binance exchange users. Earlier, it utilised the Ethereum network and worked to lower fees, provide access to coin offerings, and offer sure cashback. Today, it has shifted to Binance’s blockchain, which boasts high-speed and low-cost transactions.
BNB faced many regulatory issues in 2023 despite continuing to grow and becoming a competitive option among other cryptocurrencies. The native coin empowers the BNB chain ecosystem and attracts many users. Due to its potential growth, its price will soon increase.
Key Specifications:
- Market Cap: $73.7 billion
- Price: $506.75
- Year over Year Return: +137.76%
Pros
- The low-cost transactions of BNB make it an attractive option for buying.
- You get benefits from the Binance exchange by owning BNB.
Cons
- BNB is dependent on Binance for its growth and success.
Solana (SOL)
Solana is another crypto to be added to the list of the best cryptos to buy now in 2024. Its significance is evident because it is the fifth largest cryptocurrency due to its market capitalisation. You may not know, but it makes its ecosystem by itself and offers multiple projects, such as in the DeFi and NFT space.
Solana also combines two efficient algorithms, Proof of History and Proof of Stake, contributing to thousands of transactions per second, even at a lower cost than its competitors. In 2022, SOL faced issues questioning its reliability. Now, it is revived more than before and offers new tokens and specific projects.
Key Specifications:
- Market Cap: $60.5 billion
- Price: $129.68
- Year over Year Return: +602.73%
Pros
- Solana makes the fastest blockchain in the crypto market.
- It makes transactions faster.
- SOL’s low transaction fees of $0.00025 make it an attractive option for investors.
Cons
- The outage of 2022 has impacted Solana's reputation to a great extent, making it unreliable.
- Solana’s complex integration with Ethereum makes its smart contracts limited
Dogecoin (DOGE)
Dogecoin is a meme coin that was launched for pleasure. Why should a meme coin be added to the list of the best cryptos? It might pop in your mind. Although it was created as a joke, its popularity and active community make it an option for trading.
2013 was the year of Dogecoin, which brought good fortune, skyrocketing its value from the last Bull Run to the present $0.1035. In addition, it has the backing of renowned celebrities like Elon Musk and Mark Cuban. Because of its market capitalisation, it has acquired a position among the top 20 tokens.
Key Specifications:
- Market Cap: $13,730 billion
- Price: $0.1035
- Year over Year Return: +58.53%
Pros
- The celebrity support makes DOGE do even better.
- Dogecoin’s active community play a role in its success.
Cons
- DOGE has no practical application, and its value is based on a joke
- Dogecoin has no cap on its total supply, leading to inflation.
Cardano (ADA)
Like other cryptocurrencies, Cardano operates on the blockchain network. It is decentralised, secure, and sustainable. The mind of Charles Hoskinson launched this coin in 2017. The aim was to improve earlier blockchains like that of its competitors. Cardano plays a major role in addressing use cases related to finance, education, and healthcare departments.
It is designed on a Proof of Stake consensus mechanism that speeds transactions up with less energy consumption. Cardano efficiently operates many dApps and supports peer-to-peer transactions and smart contracts. Another reason to be interested is that it offers opportunities to earn passively. Traders can initiate Cardano staking and get the most out of it.
Key Specifications:
- Market Cap: $12.693
- Price: $0.3414
- Year over Year Return: +36.99%
Pros
- Cardano costs low transaction fees.
- The scalability of Cardano allows a high volume of transactions per second.
- The utilisation of Cardano’s Haskell programming language ensures overall security.
Cons
- Cardano does not have a high worldwide adoption rate.
- Critics argue that Cardano is not entirely decentralised.
U.S. Dollar Coin (USDC)
Last but not least, the US Dollar coin is a crypto coin you must buy now in September 2024. The coin's value is almost equal to the US dollar, $0.998. It is stable and considered for international transactions. USDC operates on the ETH blockchain, aiming to maintain the value with a ratio of 1:1 with USD.
Coinbase and Circle companies issue USDC to ensure fast transactions. The coin's popularity also makes it suitable for use in e-commerce businesses.
Key Specifications:
- Market Cap: $35,256 billion
- Price: $1.0033
Pros
- USDC transactions that are recorded on the ETH blockchain encourage transparency.
- Traders and investors use USDC as a hedge against price volatility.
Cons
- USDC is dependent on USD.
TRON (TRX)
Tron is a coin with its cryptocurrency, TRX. Its ability to decentralise the internet is why you should invest in it. Tron allows content creators to share their work with consumers while removing the third-party service.
The coin operates on a unique verification system and focuses on content creation and entertainment. Though it alleges fraud in 2023, the asset value did not drop. Instead, it has grown to date and has accumulated over 228 million accounts.
Key Specifications:
- Market Cap: $13,300 billion
- Price: $0.1534
- Year over Year Return: 96%
Pros
- Tron’s 2000 transactions per second speed is amazing.
- TRX costs low fees for transactions.
- A large user base makes TRX popular and reliable.
Cons
- Proof of stake algorithm limits Tron’s scalability.
Which Crypto to Buy Today for Long-term
Certain cryptocurrencies, when bought for the long term, give immense profit. Here are some famous ones:
- Avalanche (AVAX)
- SHIBA INU (SHIB)
- Polkadot (DOT)
- Ripple (XRP)
- Binance Coin (BNB)
- Ethereum (ETH)
- Bitcoin (BTC)
- Cardano (ADA)
- Chainlink (LINK)
- Near Protocol (NEAR)
Which Crypto to Buy Today for Short-term
Below mentioned are cryptocurrencies considered buying for short-term investment.
- Fasttoken (FTN)
- Pixels (PIXEL)
- Dymension (DYM)
- Manta Network (MANTA)
- Toncoin (TON)
- MATIC (Polygon)
- Pepe Unchained
- Sui (SUI)
- Cosmos (ATOM)
- Stellar (XLM)
Summing Up
We have reviewed the Best Crypto to Buy Now in September 2024. This guide contains information on the crypto's key specifications, pros, and cons that rank best to be added to the buying list. In addition, if you have difficulty choosing one, glance at our factors that best describe the crypto of your choice.
FAQs
Why are Cryptocurrencies Important?
Cryptocurrencies have gained popularity not because they are digital assets but because they operate on blockchain networks. They are safer than physical currencies and require no intermediaries for transactions.
What are Top Cryptocurrencies by Market Cap?
When analysed from the market cap view, Bitcoin and Ethereum ranked first and second, respectively. After that, other cryptocurrencies are positioned.
What is the Safest Cryptocurrency?
No cryptocurrency is typically safe from hacking and risks. However, many larger crypto projects are safer than shorter ones. In this regard, Quantum Resistant Ledger (QRL) is a safe and sound cryptocurrency.
