Top 10 Cryptocurrencies to Consider Investing in November 2024

Here’s a simplified list of the top 10 cryptocurrencies to consider as of November 5, 2024, ranked by their market capitalization, or total value of all coins in circulation. Each one has unique characteristics and uses, so this summary will help you get a quick overview of each.

Best Cryptocurrencies to Buy Now

Bitcoin (BTC)

• Market cap: $1.4 trillion
• Annual Return: 97%

Created in 2009, Bitcoin is the original cryptocurrency. It runs on blockchain technology, which records transactions across many computers to keep it secure. Bitcoin’s price has grown from around $500 in 2016 to about $69,415 now, making it a household name and a popular investment.

Ethereum (ETH)

• Market cap: $296.5 billion
• Annual Return: 29%

Ethereum is a popular cryptocurrency and platform for smart contracts, which are programs that automatically execute certain actions when specific conditions are met. Since 2016, its price has grown from $11 to around $2,462.

Tether (USDT)

• Market cap: $120.5 billion
• Annual Return: 0%

Tether is a stablecoin, meaning its value is tied to the U.S. dollar. This makes it a less volatile investment than other cryptocurrencies, making it ideal for people who want stability.

Binance Coin (BNB)

• Market cap: $81.4 billion
• Annual Return: 124%

Initially used for trading on Binance, one of the world’s largest crypto exchanges, BNB can now be used for payments, travel bookings, and even exchanging for other cryptocurrencies. Its price has skyrocketed from $0.10 in 2017 to around $565.

Solana (SOL)

• Market cap: $77.7 billion
• Annual Return: 309%

Solana powers decentralized finance (DeFi), apps, and smart contracts. Since its launch in 2020 at $0.77, Solana’s price has surged to $165.07.

USD Coin (USDC)

• Market cap: $35.2 billion
• Annual Return: 0%

Like Tether, USD Coin is a stablecoin tied to the U.S. dollar and built on the Ethereum blockchain. It’s used for stable, quick transactions across borders.

XRP (XRP)

• Market cap: $29.0 billion
• Annual Return: -30%

XRP, created by some of the founders of Ripple, is used for fast and low-cost exchanges across different currencies, including both fiat and cryptocurrency. XRP’s price has grown significantly since its early days.

Dogecoin (DOGE)

• Market cap: $25.3 billion
• Annual Return: 135%

Originally created as a joke, Dogecoin has gained a strong community and considerable popularity. Unlike other cryptocurrencies, there’s no limit to how much Dogecoin can be made, which affects its value as supply increases. Its price has grown impressively from $0.0002 in 2017 to $0.17.

TRON (TRX)

• Market cap: $14.0 billion
• Annual Return: 64%

TRON is designed to power smart contracts and DeFi applications. Launched in 2017, TRX has seen notable price spikes and is currently valued around $0.16.

Toncoin (TON)

• Market cap: $11.8 billion
• Annual Return: 99%

Initially designed for Telegram’s messaging platform, Toncoin is now managed by the TON Foundation. It allows fast transactions on a network known for its eco-friendliness.