Which Crypto to Buy Today? Top 10 Coins

Best cryptocurrencies with medium term growth potential

Based on the pros and cons of buying crypto right now, we can see that it is indeed a good time to buy crypto. However, we must still approach the situation strategically. We need to think of what cryptocurrencies to buy and other extenuating factors.

The first thing to consider is the state of the market. The price of cryptocurrencies is particularly volatile in the short term, as it is still reeling from the Bitcoin ETFs approval. With that in mind, the best mindset to adopt is one of cautious optimism. While a full-on bull market seems likely in the next 12-24 months, choosing assets with a good track record and strong long-term potential is still the best bet.

These ten crypto assets have the best long-term projection and are also some of the best for absolute beginners.

Ethereum (ETH)

Ethereum is already a popular coin and one recommended for beginners and has become even more formidable with its upgrade to Ethereum 2.0. This upgraded version can manage up to 100,000 per second, reducing the congest the previous version created with only 30 transactions per second.

The metaverse boom has also boosted Ethereum. This support is because of the widespread adoption of its blockchain and capacity for smart contracts. Over time, as the metaverse grows, so will Ethereum.

It is also still an ecosystem upon which the largest number of new projects is built, and as such, its use case is as present as ever, if not more.

With all of these benefits, Ethereum will last through this period and emerge stronger once the prices rise. It is one of the best choices.

Bitcoin(BTC)

After the recent ETF approval, it would be impossible not to put Bitcoin on this list.

Bitcoin is on par with Ethereum when it comes to the best cryptocurrency to consider. Just like Ethereum, it has a few special factors that make it stand out.

The first of which is Bitcoin halving which is a measure against inflation. Halving is when the reward for Bitcoin mining is halved to maintain scarcity and takes place every four years. In the long term, this is a measure that protects the asset from instability.

The Lightning Network is a second layer for Bitcoin that scales the blockchain's ability to carry out transactions more effectively by using micropayment channels. Multiple payment channels between parties or Bitcoin users make up this layer.

The Lightning Network's clear advantages are quicker and less expensive transactions, which make micropayments conceivable in a way that was never before possible. Users would have to pay significant fees for a straightforward transaction and wait an hour or more for it to be validated without the Lightning Network.

These factors make Bitcoin a great choice for long-term investment.

Solana(SOL)

Solana (SOL) has emerged as a formidable player in the cryptocurrency arena, commanding attention with its meteoric rise. Starting from a modest $20 in January 2022, Solana's price soared to over $100 in less than 12 months, catapulting it to the 5th spot among the world's largest cryptocurrencies by market capitalization.

The rise of Solana can be attributed to several key factors. Its impressive throughput of 50,000 transactions per second (TPS) positions it as one of the fastest blockchains in existence, making it an ideal platform for high-speed and high-volume operations. This technical prowess is a significant contributor to its growing popularity and adoption.

With its proven track record of success in 2020 and 2021, coupled with its exponential growth and strategic innovations, Solana stands out as a compelling choice for investors in 2024. Its trajectory suggests not just a robust present but also a promising future in the ever-evolving landscape of cryptocurrency.

Cardano(ADA)

Cardano (ADA) has quickly become one of the most attractive investments in the cryptocurrency space. Launched in 2017, it has been steadily gaining traction due to its effective Proof-of-Stake consensus mechanism. The company recently announced its plans to integrate smart contracts functionality, which will make it much easier for developers to create decentralized applications like DEXes on the Cardano blockchain.

Another perk that makes Cardano an attractive investment is that it also enables custom tokens, which use the same architecture as its native asset ADA. To ensure that these features are developed and implemented properly, Cardano consists of three main organizations – IOG, the Cardano Foundation, and Emurgo – which all have their own specialized roles to play in improving the network.

Furthermore, the company is actively working on enhancing the ecosystem with sidechains. It's developing a toolkit that allows developers to create specialized sidechains as well. With such a strong team backing it up, Cardano definitely promises big rewards in 2024!

Chainlink (LINK)

Chainlink has emerged as a standout in the cryptocurrency market, witnessing a remarkable ascent in its value over the past year. From a modest $7, Chainlink's price doubled to an impressive $16, underscoring its growing prominence and investor confidence in its potential.

Chainlink's core strength lies in its unique role as a decentralized oracle network. This technology bridges the gap between smart contracts on the blockchain and real-world data. By providing reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain, Chainlink enhances the functionality and applicability of blockchain technology across various industries.

This utility has been a key driver in Chainlink's growing adoption. As more industries and applications embrace blockchain technology, the demand for Chainlink's oracles has surged, reflecting in its increasing market valuation. This is particularly pertinent given the expanding scope of decentralized finance (DeFi) and other blockchain-based applications requiring secure and accurate external data.

Looking ahead, Chainlink's strategic position at the intersection of blockchain technology and real-world data, combined with its recent price performance, suggests a strong potential for continued growth. As the blockchain space evolves and the demand for reliable data integration increases, Chainlink is poised to play a pivotal role, making it a noteworthy consideration for investors in 2024.

Avalanche(AVAX)

Avalanche (AVAX) has proven to be a formidable force, marking a significant price increase from $16 to $40 in just 12 months. This remarkable growth is a testament to its robust technology and growing investor confidence.

Avalanche stands out with its high throughput and low latency, making it one of the fastest smart contract platforms in the blockchain industry. Its unique architecture not only ensures scalability but also maintains a strong emphasis on sustainability, a key factor in its growing popularity.

A particularly notable development for Avalanche has been its burgeoning prominence in the realm of Web3 gaming. The platform has become increasingly favored by developers for building crypto gaming projects, thanks to its swift transaction speeds and reduced costs.

This is a significant trend, as the gaming sector represents a vast and untapped market in the blockchain space, offering tremendous growth potential.

The platform's ability to handle complex operations efficiently makes it an ideal choice for gaming applications that require quick and reliable transaction processing. As more gaming projects choose Avalanche as their foundation, it's poised to become a major player in this new and exciting domain of Web3 gaming.

Overall, Avalanche's impressive price surge, coupled with its strategic positioning in the burgeoning field of Web3 gaming, makes it a cryptocurrency with substantial potential for both short-term gains and long-term growth.

Optimism

Optimism, a Layer 2 scaling solution for Ethereum, has shown remarkable growth, with its price soaring from $1.4 in June 2023 to an impressive $3.6 just six months later. This surge is indicative of the growing interest and confidence in Layer 2 solutions as the cryptocurrency market continues to mature.

As a Layer 2 blockchain, Optimism operates on top of Ethereum, enhancing its scalability and efficiency. This relationship is crucial, as the success and adoption of Ethereum directly influence the growth potential of Optimism.

With Ethereum's continuous expansion and the increasing adoption of its blockchain, especially post the Ethereum 2.0 upgrade, Optimism is well-positioned to benefit from the resultant spillover effects.

One of the key advantages of Optimism is its ability to provide faster and cheaper transactions while inheriting the robust security model of Ethereum. This makes it an attractive platform for developers and users seeking efficient blockchain solutions.

As Ethereum continues to gain traction, especially in areas like DeFi and NFTs, Optimism is likely to see an uptick in adoption, reinforcing its importance within the Ethereum ecosystem.

Given its recent price performance and strategic positioning, Optimism presents itself as a promising investment, particularly for those looking to capitalize on the growth of the Ethereum ecosystem

Polygon (MATIC)

Polygon is an increasingly attractive investment option that is sure to capture the interest of crypto investors in 2024. It is a decentralized, proof-of-stake blockchain platform that has emerged as one of the most popular Ethereum alternatives, with its own native token (MATIC).

Polygon plans a hard fork this upcoming year with the objective of improving its PoS blockchain's performance and affording additional security against gas spikes and chain reorganizations. It's set up to be a significantly more efficient, secure, and cost-effective alternative to Ethereum.

Polygon is showing its commitment not only to growth but also to finding solutions that benefit Dapp developers and investors alike. With such forward-thinking practices, now is the time for those interested in blockchain technology to consider Polygon as an option when making investments in 2024.

VeChain (VET)

The VeChain project has become increasingly popular amongst investors due to its incredibly efficient blockchain technology. Utilizing distributed ledger technology (DLT), VeChain aims to address the challenges of counterfeiting, supply chain management, and data integrity.

Not only does it have the potential to create better relationships between suppliers and customers, but it facilitates the creation of powerful smart contracts and DApps too. Plus, with its in-built support for technologies such as IoT, smart contracts, NFC, sensors, and RFID, information within businesses can be recorded and tracked more effectively than ever before.

As a result of these features, VeChain is an extremely attractive option for potential investors during 2024, offering a low-cost way of transferring monetary value across the globe.

Filecoin (FIL)

Filecoin, emerging as a key player in the decentralized storage space, has demonstrated steady growth in 2023, with its price moving from $4 to approximately $6.5. This performance, while not meteoric compared to some other entries, is certainly commendable, reflecting the gradual but consistent adoption of decentralized storage solutions.

As a decentralized storage network, Filecoin allows users to rent out their unused storage in a secure and efficient manner. Its protocol is designed to store data in a decentralized manner, making it resistant to censorship and ensuring data integrity. This feature is particularly vital in an era increasingly focused on data security and privacy.

A notable aspect of Filecoin's potential lies in its synergy with the burgeoning field of decentralized AI applications. As AI technologies continue to evolve, the demand for vast, reliable, and secure data storage solutions is set to skyrocket. Filecoin, with its decentralized framework, is ideally positioned to meet these storage requirements, offering a scalable and resilient solution for AI-driven applications.

While its price journey in 2023 might not have been dramatic, the intrinsic value of Filecoin in the context of future technology trends, especially in decentralized AI, cannot be overstated. Its utility in a world increasingly reliant on data makes it an intriguing prospect for investors looking towards future tech synergies.

Top 5 trending crypto to buy today

The algorithm developed by Traders Union automatically selects the top 5 trending cryptocurrencies based on the user activity and indicator scores. For the calculation, the algorithm uses data on a weekly interval of technical indicators: moving averages, RSI (Relative Strength Index), CCI (Commodity Channel Index), ADX (Average Directional Index), MACD (Moving Average Convergence Divergence), Momentum, Ichimoku, etc.

Factors Affecting the Price of Cryptocurrencies

As the cryptocurrency market shifts from its bearish phase, it's crucial to consider the factors that influence crypto prices, especially in a more bullish environment. Investors must always exercise caution, but the dynamics in a bullish market differ significantly.

Are Crypto Investments Profitable?

In the past, the cryptocurrency market has been growing in the long run, despite strong corrections. However, this growth is not guaranteed. Therefore, every trader must take into account the risk of losing investments, because of further correction

Best Crypto to Buy Now: Expert Opinion

As we navigate through the first quarter of 2024, the question of whether it's the right time for long-term crypto investments remains at the forefront of investors' minds. Cryptocurrency experts and analysts from leading financial institutions have shared their insights, noting the bullish momentum gained in the latter part of 2023 and the continued positive trend into 2024.

Other cryptocurrencies like Solana and Chainlink have also demonstrated substantial growth and potential, particularly in niches like Web3 gaming and decentralized oracle networks, respectively. Solana's rise to the 5th largest cryptocurrency and Chainlink's price doubling reflect their increasing market relevance.

The market's optimism is further fueled by the Federal Reserve's decision to halt interest rate hikes, creating a more favorable investment climate. However, investors should remain aware of potential risks such as regulatory changes and market volatility.

The early months of 2024 present significant opportunities for long-term crypto investors. With growing institutional interest and the maturation of the cryptocurrency market, coupled with key events like the Bitcoin halving, the market is poised for potential growth. As always, investors should seek expert advice and be fully aware of the risks before committing to any crypto investments.