The past 12 months has been nothing short of a rollercoaster in the crypto world, but 2024 seems to be looking much more positive and stable so far. Due to this, there has been a big spike in interest in cryptocurrency, but lots of people looking to invest aren’t sure which Web 3.0 coin is the best choice. We’ve put together a list of the top crypto that should be on the radar for this year, based on the expertise of crypto analysts like Soobin Choi.

Bitcoin

Of course, no roundup of the best crypto would be complete without mentioning Bitcoin, the world’s first official digital currency. There have been times since its creation in 2009 that the price of BTC has been disastrously low, but also times when it has skyrocketed - as is the case currently. Despite this, Bitcoin is regarded as a stable currency to invest in, having risen by a staggering 155% throughout the course of 2023. Crypto enthusiasts who are looking for a high risk, high reward situation may want to choose a different currency than Bitcoin, which has grown to the point of no longer offering short-term, high-value returns.

Cardano

Cardano is one of the newer kids on the block, but is still a great cryptocurrency to be aware of this year. It’s very stable and is committed to growing responsibly and sustainably. Some of the steps being taken to honor this commitment include speeding up transaction time and decreasing energy usage, and minimizing the environmental impact of many other blockchain platforms.

Ethereum

Both a cryptocurrency and a blockchain, Ethereum is another popular option for investors in 2024. It was created by Vitalik Buterin in 2013, and since then has grown in price from approximately £8 in April 2016 to £2.7k in April 2024. ETH is slightly more volatile than other options, like Bitcoin, and does have a reputation for its value fluctuating heavily. However, it’s still an important cryptocurrency to know about, because it’s the center of activity for decentralized finance. The platform allows users to build decentralized apps and smart contracts, meaning it is backed by many institutions.

Solana

If you’re interested in NFTs, then Solana is definitely a cryptocurrency to be investing in. Both non-fungible tokens and decentralized finance are what makes Solana thrive; it attracts these projects due to its unrivaled low costs and transaction times. Recent statistics revealed that NFT sales from Solana even outweighed that of Ethereum for the first time at the end of last year, coming in at US$366.5 million.

Tether

If you’re not someone who enjoys big risks, then Tether is the digital currency for you. Unlike the vast majority of its competitors, Tether is attached to fiat currencies, like the US dollar, which makes it a stablecoin. In short, this means that its value has to be equal to one of these currencies. Although this stability is a big pro in many ways, it does also mean that the possibility for rewards is significantly lower. In addition, the value of Tether could potentially drop as fiat denominations do.

Avalanche

Last but not least is Avalanche (Avax), which came onto the scene in 2018. Avalanche has become the go-to cryptocurrency for gaming purposes, as its technology enables the building of blockchains to be used for specific purposes. The most well-known example of this is DeFi Kingdoms, which is a fantasy role-play game that crosses over into the world of crypto through DeFi regulations and NFTs. Similarly to a lot of the other cryptocurrencies on this list, Avax has an excellent reputation for its scalability, low transaction fees, and speedy transaction times.