10 Top Cryptocurrencies to Invest in May 2024 to Earn Money

Are you looking for the 10 top cryptocurrencies to invest in May 2024?

In this post, we will provide the most popular and best cryptocurrencies to invest in at this moment.

We know that cryptocurrency is one of the biggest investing and trading markets in the world to earn huge money.

The crypto market is like a share (stock) market, in which we can invest as well as trade to earn money from small amounts to large profits.

What are cryptocurrencies?

Cryptocurrencies are digital or virtual currencies that work based on blockchain technology and cannot be controlled by any person, bank, or government. Cryptocurrencies are decentralized and managed by peer-to-peer computer networks around the world.

In today’s time (2024), there are more than 10,000 crypto coins available in the crypto market, related to various categories & based on different projects. Every day, new coins are coming into the market. So before investing in the crypto market, we need to search carefully for the coins in which we are investing and trading.

Also Read

• Free Internet Data Codes for Jio Users
• 10 effective methods to earn money online
• Earn Money Online from Affiliate Marketing

List of 10 Top Cryptocurrencies to Invest

We know that thousands of crypto coins are available in the crypto market, and in each coin we cannot invest our funds. So, we give you a list of the 10 top cryptocurrencies to invest in.

1. Bitcoin (BTC)

Bitcoin is the first and most well-known cryptocurrency that was created in 2009 by the mysterious Satoshi Nakamoto. This coin, “Bitcoin,” is also called The King of Crypto Coins. Bitcoin is a decentralized digital currency used for encrypted, peer-to-peer transactions without needing a central bank. It is the world’s first widely adopted cryptocurrency coin.

With Bitcoin, people can securely and directly send each other digital money on the internet. There will only ever be 21 million bitcoins. This is digital money that cannot be inflated or manipulated in any way.

There has been a huge surge in the price of bitcoin in recent years. In May 2016, you could buy one bitcoin for about $500. As of Jan. 2, 2024, a single bitcoin’s price was around $45,680. That’s a growth of 9,036%.

2. Ethereum (ETH)

3. Binance (BNB)

Binance Coin (BNB) is like the utility token of the Binance ecosystem, the world’s largest crypto exchange. This coin is the native coin of Binance and is used to trade and pay trading fees on Binance.

Earlier, this coin was just used for trading, but now it can be used for trading, payment processing, or even booking travel arrangements and for exchange with other coins.

BNB’s price was just $0.10 in 2017; however, in January 2024, its price had risen to around $317, a gain of 317,254%.

4. Solana (SOL)

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.

While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation, with headquarters in Geneva, Switzerland.

When it launched in 2020, SOL’s price began at $0.77. By late January 2024, its price was around $112.39, a gain of 14,496%.

5. Ripple (XRP)

Ripple launched the XRP Ledger (XRPL) in 2021 as an open-source, permissionless, and decentralized technology. Benefits of the XRP Ledger include its low cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second), and inherently green attributes (carbon-neutral and energy-efficient).

At the beginning of 2017, the price of XRP was $0.006. As of Jan. 2, 2024, its price reached $0.63, equal to a rise of 10,406%.

6. Cardano (ADA)

Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change. ADA also works like Ethereum to enable smart contracts and decentralized applications, which ADA, its native coin, powers.

Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of January 2, 2024, its price was $0.62. This is an increase of 3,018%.

7. Avalanche (AVAX)

Avalanche is a layer-one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects, such as Sushi Swap and TrueUSD, have integrated with Avalanche.

A high TVL indicates the popularity of a protocol and the adaptation rate of a particular cryptocurrency. Avalanche’s price today is $42.

8. Dogecoin (DOGE)

Dogecoin was famously started as a joke in 2013, but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes.

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.

Unlike many other cryptos, there is no limit on the number of Dogecoins that can be created.

Dogecoin’s price in 2017 was $0.0002. By January 2024, its price was at $0.09, up 46,239%.

9. Polkadot (DOT)

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset type, not just tokens, thereby allowing blockchains to be interoperable with each other. Polka-dot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer-1 blockchains known as parachains (parallel chains).

Polkadot’s price in January 2024 was $8.4.

10. Tron (TRX)

TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Originally, TRX tokens were ERC-20-based tokens deployed on Ethereum, but a year later they were moved to their own network.

The TRON software supports smart contracts, various kinds of blockchain systems, and decentralized applications, aka dApps. The cryptocurrency platform uses a transaction model similar to Bitcoin (BTC), namely UTXO. Transactions take place in a public ledger, where users can track the history of operations.

Tron’s price in January 2024 was $0.107.

---

So, now you should not miss this opportunity. You need to start investing money in bitcoin and other crypto coins to have a bright future and funds.

• List of the Best Crypto Trading and Investment Apps in India

Final Words

These are some trending and top crypto coins at the present time. If you now invest in these cryptocurrencies, you can make a large profit within the next few years. It is a golden opportunity to invest in the crypto market.

Before investing, do your own proper research on coins, because your profit or loss will be yours. We are not financial advisors, and we never take responsibility for your losses. We never force you to invest in these coins; please make your own best decision to make an investment in these coins.

* This data is taken from CoinMarketCap.

———- Join our Telegram channel to get instant updates on loot deals and offers ———-

FAQ: Frequently Asked Questions