Finding the best crypto to buy can be a struggle. Where does one begin? How do you know which is the right crypto for your needs?
Have no fear, we’re answering the question, what’s the best crypto to buy in June 2024? Let’s dive right in.
Bitcoin (BTC)
Coming in at number one, no surprises here, with Bitcoin topping the list. The tried-and-true OG of cryptocurrencies, Bitcoin, is an established currency that has been used for online transactions since the very beginning.
According to crypto expert Michael Graw, Bitcoin is the best crypto to buy now. It is the best choice for long-term holding, with Bitcoin doubling in value over the past year. As of June 13, 2024, Bitcoin’s price is at a staggering $67,547.04. That’s a far cry from its humble beginnings when it traded at $500 in 2016. Today, Bitcoin is the largest cryptocurrency, with a market capitalization of $1.3 trillion in 2024.
What makes Bitcoin such a popular option is its history. It is the oldest cryptocurrency, meaning there is a lot of data to go off of. Bitcoin is also recognised by major governments like the US, with the first Bitcoin ETFs trading on the US stock exchange in 2024.
Ethereum (ETH)
After Bitcoin, Ethereum is the second most popular cryptocurrency in the world. What makes Ethereum so popular is that it doesn’t just act as a digital coin, but also offers computing platforms. This unique feature has made Ethereum popular for online gambling and betting sites looking to improve users’ experience.
Much like Bitcoin, smart contracts and blockchain with Ethereum help create decentralized apps, improving security and anonymity. This means Ethereum is fast becoming a top currency for crypto gambling. It also allows for fair gameplay, which is ideal for players who want to verify transactions and outcomes.
As of June 13, 2024, Ethereum is trading at $3,536.70, along with a market capitalization of $416 billion. Like Bitcoin, the first spot Ether EFTs were approved in May 2024, which could see this crypto hitting new heights in the near future.
Litecoin (LTC)
Litecoin, as the name might suggest, is lighter than other cryptocurrencies. So, what does this mean? Litecoin offers near-instant transaction times, making it a top option for enthusiasts who want to buy, sell, and trade crypto quickly.
Litecoin also has some of the lowest market prices, making it one of the best cryptos to buy in June 2024 for those just getting started. As of June 16, 2024, Litecoin is trading at a mere $79.48, with a market cap of $5.9 billion.
The near-instant transaction times for Litecoin are a big plus. Another great feature of Litecoin is the cheaper cost. Litecoin offers some of the cheapest transaction costs compared to other cryptocurrencies. It all comes down to a simplified mining algorithm, allowing for high-volume transactions.
So, whatever the size of the transaction or traffic levels, there aren’t long wait times. Additionally, like Bitcoin, Litecoin is based on a decentralized blockchain, offering users much more security.
Solana (SOL)
Another one of the best cryptos to buy in June 2024 for the low transaction costs and fast transaction times is Solana. Born to compete against Ethereum, Solana has grown over 880% over the past year, making it a true competitor in the cryptocurrency market.
The market cap for Solana as of June 13, 2024, is $68.1 billion, putting it in the 5th spot for the largest crypto by market cap. The price of Solana comes in at $151.65, a very reasonable option for those just getting into trading.
What makes Solana such a popular option is the low transaction costs, something that places Solana and Litecoin heads above the rest. Buying Solana now gives you the best chance of seeing a fantastic return, with gains forecast at 120% by 2025.
XRP
If you’re looking for the best crypto for transacting across borders, XRP is the perfect option. As the official token for the Ripple payment network, you can make fast, safe, and cheap transactions across the globe.
As of June 13, 2024, XRP’s market cap is $26.9 billion, with a price of $0.486, making XRP a cheaper alternative to other cryptos. While there were some concerns about XRP’s security, it won the case against the SEC, putting all concerns and doubts to bed.
XRP is now partnering up with big names, including Bank of America and Santander Bank, a true display of this crypto’s transparency and trust.
Conclusion: What’s The Best Crypto To Buy In June 2024?
Finding the right crypto for your needs should be easier now that you’ve got the up-to-date information. From the market caps and pricing, the above cryptos will have you trading like a pro in no time.
About The Author
