Popular cryptos for investing in 2024
In the world of crypto-assets, the key question remains, “Which crypto should I invest in?” Investors are looking for popular and stable options for their portfolios. This is where the leading players come in.
In this section, we’ll dive into the hottest cryptos, including Bitcoin (BTC) and Ethereum. Find out why they are considered strong investment choices, explore their history, and assess their potential as high-impact digital assets.
But we won’t forget the other major players in the crypto-asset market, altcoins such as Tezos and Ripple, which also offer interesting investment opportunities.
Bitcoin (BTC)
When it comes to crypto-assets, it’s hard to ignore Bitcoin (BTC). As the pioneer and first cryptocurrency ever created, Bitcoin occupies a special place in the world of digital assets.
Bitcoin was created in 2009 by a person or group under the pseudonym Satoshi NakamotoNickname use by the person or people who created Bitcoin, their real identity is still unknown. Lire la suite. Since its birth, it has come a long way to becoming the best-known and most valuable crypto-asset on the market. With a huge market capitalisation and growing adoption, Bitcoin has become a must-have asset for many investors.
Bitcoin is attracting intense interest for a variety of reasons. Some see it as a way to diversify their portfolio and hedge against inflation, while others are attracted by its long-term growth potential. However, it is also important to recognise that investing in Bitcoin is not without risks. Significant price fluctuations, volatility and regulatory issues can make this a complex investment.
Ethereum (ETH)
Ethereum (ETH) is much more than just a crypto-asset. It represents an entire ecosystem based on smart contractComputer protocol executed by predefined conditions (« if…then »). A smart contract can be automatically executed with digital tools, allowing real time check of the contract’s conditions. Lire la suite technology, making it one of the most influential and innovative digital assets to date.
Ethereum introduced the notion of smart contracts, autonomous programs capable of executing transactions and carrying out actions without human intervention. This innovation has opened the door to a multitude of applications, from decentralised finance (DeFi« Decentralized Finance », peer to peer blockchain based financial services such as staking. Lire la suite) to digital collectibles (NFTA Non-fungible Token is a unique token issued on a blockchain through a smart contract. It is different from acrypto asset because it can’t be reproduced, however, it is still Lire la suite) to blockchain-based gaming. Understanding Ethereum’s role in this ever-expanding ecosystem is essential for investors.
As an investment, Ethereum is attracting a great deal of interest because of its growth potential. Many projects and applications are built on its blockchainA blockchain is a type of distributed ledger technology. It is a huge database formed by blocks,cryptographically linked to each other, containing information such as transactions. These blocks are addedfollowing Lire la suite, which reinforces its long-term value.
However, it is important to note that Ethereum’s price volatility can be significant, just as with other crypto-assets. Investing in Ethereum can be seen as a way of gaining exposure to the entire crypto ecosystem, beyond simply holding Bitcoin. However, this also comes with its own risks and considerations.
Other major cryptos: altcoins (Tezos, Ripple, etc.)
In addition to staples such as Bitcoin and Ethereum, the world of crypto-assets abounds with a host of other digital assets, often referred to under the generic term “altcoins” (for “alternative coins”).
Investing in altcoins offers the opportunity to diversify your portfolio beyond the more established cryptos. However, it also carries a higher level of risk due to the volatility and variability of the projects and teams behind altcoins.
When considering investing in altcoins, it is essential to conduct thorough research, understand the specific use cases of each crypto-asset, and monitor market developments. Altcoins offer a diversity of options, but careful management is crucial to navigating this dynamic space.
