The Top Ten Cryptocurrencies to Watch in August 2024???
1. Bitcoin (BTC) – The top cryptocurrency, with a price of roughly $64,000 and a market capitalisation of $1.3 trillion, has returned a staggering 128% year on year, owing to ETF approvals and the Bitcoin halving.
2. Ethereum (ETH) – With a price of around $3,300 and a market capitalisation of $399 billion, Ethereum has returned 76% year on year, owing to its major role in DeFi applications and considerable upgrades in 2024.
3. Solana (SOL) – After a stunning recovery from its 2023 collapse, Solana has had a staggering 636% year-over-year return, led by new developments and memecoins are currently priced around $186.
4. Ripple (XRP) – With a market capitalisation of $33 billion and a focus on financial transactions, Ripple has maintained a consistent price of roughly $0.60 and is expecting a prospective spot XRP ETF.
5. Dogecoin (DOGE) – As the leading meme coin, Dogecoin has returned 59% year on year, with a current price of roughly $0.12, and is looking into new use cases such as Tesla purchases.
6. Avalanche (AVAX) – With fast speeds and low prices, Avalanche has attracted new DeFi projects, leading in a 107% year-over-year return at a current price of approximately $27.
7. Quantum Resistant Ledger (QRL) focusses on resisting quantum computing overall, QRL has returned 36% year on year, with a current price is around $0.21.
8. Shiba Inu (SHIB) – This meme coin has developed utility and a strong community, resulting in a 97% year-over-year return at a current price of approximately $0.000016.
9. NEAR Protocol (NEAR) – With enhanced speeds and scalability via sharding and Nightshade, NEAR has returned 278% year on year, with a current price of roughly $5.
10. Binance Coin (BNB) – After recovering from a CEO scandal, Binance Coin has had a 138% year-over-year increase, fuelled by fresh token listings, with a current price of roughly $577.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
X : Cryptomantr