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Are You Buying Crypto ?
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The Safe Investor
June 14, 2024
10 Best Cryptocurrencies to Invest in June 2024
Navigating the vast world of cryptocurrencies can be overwhelming, especially with thousands of options like Bitcoin, Ethereum, Dogecoin, and Tether. To help you get started, here are the top 10 cryptocurrencies to invest in June 2024, based on their market capitalization, which is the total value of all coins currently in circulation.
Coin | Market Capitalization | Current Price |
|---|---|---|
Bitcoin (BTC) | $1.3 trillion | $67,379.79 |
Ethereum (ETH) | $422.9 billion | $3,521.64 |
Tether (USDT) | $112.4 billion | $0.999972 |
Binance Coin (BNB) | $90.3 billion | $612 |
Solana (SOL) | $69.8 billion | $151 |
U.S. Dollar Coin (USDC) | $32.2 billion | $1.00 |
Ripple (XRP) | $26.9 billion | $0.479 |
Dogecoin (DOGE) | $20.3 billion | $0.17 |
Toncoin (TON) | $16.6 billion | $7.10 |
Cardano (ADA) | $15.3 billion | $0.47 |
Bitcoin (BTC)
Market cap: $1.3 trillion
Year-over-year return: 160%
Overview: Bitcoin, created in 2009 by Satoshi Nakamoto, is the original cryptocurrency. It operates on a secure, decentralized blockchain. Bitcoin's price has soared from about $500 in May 2016 to around $67,379 by June 12, 2024, a 13,319% increase.
Ethereum (ETH)
Market cap: $422.9 billion
Year-over-year return: 103%
Overview: Ethereum is both a cryptocurrency and a blockchain platform favored by developers for its smart contracts and NFTs. Its price has surged from $11 in April 2016 to about $3,521 by June 2024, an increase of 31,896%.
Tether (USDT)
Market cap: $112.4 billion
Year-over-year return: 0%
Overview: Tether is a stablecoin backed by fiat currencies like the US dollar, aiming to keep a consistent value. It's popular among investors looking for stability amidst the volatility of other cryptocurrencies.
Binance Coin (BNB)
Market cap: $90.3 billion
Year-over-year return: 162%
Overview: Launched in 2017, BNB is used on Binance, one of the largest crypto exchanges. It has grown from $0.10 in 2017 to $612 in June 2024, a gain of 612,460%.
Solana (SOL)
Market cap: $69.8 billion
Year-over-year return: 906%
Overview: Solana supports decentralized finance, apps, and smart contracts, using a unique hybrid proof-of-stake and proof-of-history mechanism. Its price has risen from $0.77 in 2020 to about $151 by June 2024.
U.S. Dollar Coin (USDC)
Market cap: $32.2 billion
Year-over-year return: 0%
Overview: Like Tether, USDC is a stablecoin backed by US dollars, aiming for a 1:1 ratio. It is powered by Ethereum and used for global transactions.
XRP (XRP)
Market cap: $26.9 billion
Year-over-year return: -6%
Overview: Created by Ripple's founders, XRP facilitates exchanges of different currencies on the Ripple network. Its price has increased from $0.006 in early 2017 to $0.479 by June 2024.
Dogecoin (DOGE)
Market cap: $20.3 billion
Year-over-year return: 138%
Overview: Started as a joke in 2013, Dogecoin has gained popularity through its community and memes. Its price has risen from $0.0002 in 2017 to $0.1397 by June 2024.
Toncoin (TON)
Market cap: $16.6 billion
Year-over-year return: 354%
Overview: Initially developed for Telegram, Toncoin is now managed by the TON foundation. It allows users to buy, send, and store funds on a fast, eco-friendly network.
Cardano (ADA)
Market cap: $15.3 billion
Year-over-year return: 53%
Overview: Cardano uses proof-of-stake validation to expedite transactions and reduce environmental impact. Its price has grown from $0.02 in 2017 to $0.425 by June 2024.
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