Our research reveals the best cryptocurrencies to buy right now are Bitcoin, Ethereum, XRP, Solana, BNB, Dogecoin, and Cardano. These projects range from Bitcoin’s scarcity to Ethereum’s smart contracts, catering to diverse crypto investors.
Bitcoin (BTC) – Digital Gold
Bitcoin is the world’s oldest cryptocurrency and the largest by market cap. Recognized by many governments and used as legal tender in countries like El Salvador, Bitcoin remains a strong investment. The first spot Bitcoin ETFs began trading on US stock exchanges in 2024, driving massive capital inflows.
- Price (July 19, 2024): $63,706.02
- Market cap: $1.27 trillion
- Year-over-year (YoY) return: +111.43%
Ethereum (ETH) – Smart Contracts Pioneer
Ethereum, the second-largest crypto by market cap, is the most widely used blockchain network for dApp development. The transition from PoW to PoS in 2022 and the approval of the first spot of Ether ETFs in 2024 could propel ETH’s price to new heights.
- Price (July 19, 2024): $3,404.24
- Market cap: $410 billion
- YoY return: +79.03%
XRP (XRP) – Fast, Low-Cost Transactions
XRP, the official token of the Ripple payment network, facilitates fast and cheap international payments. Following a win against the SEC, XRP has solidified its position in the market.
- Price (July 19, 2024): $0.550
- Market cap: $33.5 billion
- YoY return: -33.76%
Solana (SOL) – High-Speed Ethereum Competitor
Solana is a fast, cost-effective blockchain created as a challenger to Ethereum. With a significant increase in value over the last 12 months, Solana shows considerable growth potential.
- Price (July 19, 2024): $161.52
- Market cap: $73.1 billion
- YoY return: +501.99%
Binance Coin (BNB) – Binance Ecosystem Utility Token
BNB, the official cryptocurrency of Binance, offers trading fee discounts and early access to crypto launches. It has continued to perform strongly since the resignation of former CEO Changpeng Zhao.
- Price (July 19, 2024): $571.03
- Market cap: $84.3 billion
- YoY return: +135.22%
Dogecoin (DOGE) – Community-Driven Meme Coin
Dogecoin, the original meme coin, gained attention in 2020-21, boosted by celebrities like Elon Musk. It has inspired many successful copycat meme coins.
- Price (July 19, 2024): $0.118
- Market cap: $17.8 billion
- YoY return: +67.91%
Cardano (ADA) – Sustainable Blockchain Platform
Cardano is known for its scientific approach to development, focusing on interoperability and sustainability. It uses a PoS consensus mechanism, which is more energy-efficient than the traditional PoW model.
- Price (July 19, 2024): $0.421
- Market cap: $16 billion
- YoY return: +28.83%
These cryptocurrencies offer a mix of reliability, growth potential, and unique use cases, making them strong contenders for investment in July 2024.
