Everyone wants to have crypto these days. In 2024, the public focused more on the crypto market than ever. Bitcoin's halving drove the maximum hype and lured beginners and pros alike to invest in the most popular crypto asset worldwide. However, is Bitcoin the best cryptocurrency for an investment if you are a beginner? Let's figure it out by considering a list of the best cryptos for beginners in 2024. 

What is Cryptocurrency?

Before discussing the best cryptos for 2024 that beginner investors may consider adding to their portfolios, let's start with the definition of cryptocurrency. 

Cryptocurrency is a digital asset that uses blockchain technology as its foundation structure. Its decentralisation is a peculiar feature that makes cryptocurrencies a more lucrative investment opportunity for millions worldwide. Decentralised blockchain networks are maintained through a peer-to-peer consensus mechanism, allowing participants to validate and record transactions independently. 

Buying Cryptocurrency for Beginners

Cryptocurrencies may initially seem complex, making the investment process challenging for beginners. However, buying cryptocurrency for beginners is a "science" that anyone can master. With growing demand and adoption of blockchain technology, we know the cases when kids pay for ice cream with cryptocurrency. So, if you were waiting for the best moment to step forward and choose the best cryptos for beginners, now is the best time to start. 

Suppose you are taking your first steps in the cryptocurrency market. In that case, we recommend starting with more stable and well-established assets with a large market capitalisation, high trading volumes, and high total value locked. These criteria indicate safer entry solutions for crypto beginners. 

10 Best Cryptos for Beginners in 2024

Let's consider the 10 best cryptos for beginners in 2024. Before we dive in, remember that cryptocurrency is a highly volatile market, so start small to gain more in the future.

Solana (SOL)

Rank: #5

Market cap: $65,332,409,773

Trading volume: $3,854,867,263

Solana is one of the most scalable cryptos assets. It uses a Proof-of-Stake algorithm and lets you earn rewards by staking your coins. Compared to Bitcoin, which uses Proof-of-Work consensus, SOL offers greater scalability. Unlike well-known Ethereum, Solana is more rapid and flexible.

Avalanche (AVAX)

Rank: #12

Market cap: $13,393,720,709 

Trading volume: $501,795,831

AVAX is the native token of the Avalanche network, which mirrors Ethereum’s gas-free model. It represents a perfect blend of efficiency and eco-friendliness, making it one of the best cryptos for beginners in 2024. 

Avalanche (AVAX) was launched by Ava Labs in 2020. Since then, crypto has quickly emerged as one of the leaders in the DeFi market. Renowned for its speed and low costs, Avalanche offers scalable, decentralised blockchain solutions. The platform is also known for its innovative structure, which features three specialised blockchains to enhance Avalanche's decentralisation, scalability, and security performance. 

Trade Avalanche
 

Ripple (XRP)

Rank: #7

Market cap: $28,865,373,974 

Trading volume: $1,505,111,738

Ripple (XRP) is one of the best cryptos for beginners worth investing in 2024. It's well-known as one of the top banking cryptos and plays a unique role in the financial sector. XRP is a top-performing crypto company providing swift global transactions and has become a solid decentralised competitor to international money transfer services like SWIFT. 

XRP runs on its particular digital ledger and uses a unique way to agree on transactions, setting it apart from other digital currencies. Its quick and low-cost transaction process makes it a popular option for people looking for top-notch DeFi tokens or alternative cryptocurrencies to invest in. Ripple's blend of advanced tech and usefulness in the DeFi world makes it appealing to both experienced investors and beginners in crypto trading.

Trade Ripple
 

Frax Share (FXS)

Rank: #183

Market cap: $352,737,882 

Trading volume: $20,514,618

Frax (FXS) emerges as the best way for beginners to invest in cryptocurrency in 2024. This fractional-algorithmic stablecoin, whose supply changes based on market prices, is a stunning alternative to the fixed-supply Bitcoin digital asset. 

The Frax Share project's native coin is FXS, a stablecoin that blends collateralised and algorithmic elements, resulting in a unique decentralised instrument. FXS is different from other stablecoins in that it establishes a new asset category, combining fiat-collateralised, crypto-overcollateralised, and purely algorithmic stablecoins. Such features make FXS the ultimate choice for DeFi markets. 

Unlike regular governance tokens, FXS is designed to change in value and lessen the need for constant management, which helps lower conflicts within the community. This strategy, the chance to stake tokens, and the community's role in decision-making make Frax stand out as one of the prime alternative cryptocurrencies for investing in top DeFi projects. Being the sole stablecoin of its kind, Frax provides an appealing choice for newcomers and experienced cryptocurrency traders.

Stacks (STX)

Rank: #26

Market cap: $3,999,284,856 

Trading volume: $3,999,284,856

Stacks (STX) is next on our list of the best cryptos for 2024. It operates on the Ethereum network and represents an innovative solution for users looking for the best cryptocurrency for beginners. 

Stacks, which started in 2021, has grabbed much attention for using Bitcoin in more ways than just sending it around. Its token, STX, lets you earn Bitcoin without much effort. People are excited because Stacks can run smart contracts, connect with DeFi apps, and deal with NFTs, making it a top pick for cryptocurrency buying.

Litecoin (LTC)

Rank: #20

Market cap: $6,186,312,334 

Trading volume: $542,083,298

Litecoin (LTC) was inspired by Bitcoin. Similar to BTC, LTC doesn't support smart contracts and other extras. LTC is one of the oldest cryptocurrencies in the market. Unlike other altcoins, Litecoin is known for being less volatile, which makes it one of the best crypto to buy as a beginner. 

Trade Litecoin
 

Cardano (ADA)

Rank: #10

Market cap: $16,810,635,348 

Trading volume: $473,397,179

In 2027, Cardano (ADA) was launched as an Ethereum alternative. During the first years after its launch, ADA was generally known as Ethereum since the latter often struggled with gas fees. 

Cardano is often recommended as a great investment opportunity for beginners due to its solid infrastructure and big demand. Besides, investors can stake ADA to earn extra income from their investments. 

Trade Cardano
 

InQubeta (QUBE)

Rank: #2512

Market cap: -

Trading volume: $105,573

InQubeta, or QUBE, is changing how AI and cryptocurrency come together, offering a special investment chance. It runs on the Ethereum network as a token called ERC-20, and it's the first of its kind to create a Web3 platform for crowdfunding AI startups. Its NFT marketplace, which is about to launch soon, makes it stand out, giving a new way for startups to raise money. InQubeta plans to divide investment opportunities into NFTs so people can invest based on what they can afford.

This way of investing in AI is a big deal because it lets anyone be part of the next big thing in AI. With a governance token, people who hold QUBE can have a say in how the platform works, making it community-driven.

QUBE's token system is carefully set up to make the token more valuable over time. They burn 2% of tokens when they're sold and 1% when they're bought, and they reward people for staking QUBE tokens, which means holding onto them, with a pool of rewards funded by taxes from buying and selling. The pre-sale of QUBE tokens offers a potential 450% price increase after the launch and creates a scenario with low risk and high potential reward. 

With its transparent and efficient model, powered by blockchain and smart contracts, it's ready to shake up how people invest in AI startups, making it one of the best cryptocurrencies to invest in.

Borroe Finance (ROE)

New AI-powered marketplace, currently in pre-sale

Borroe Finance (ROE) brings a new concept to DeFi, especially for crypto beginners. With 1 billion ROE tokens on Polygon, Borroe stands out in digital finance.

Their AI-powered platform lets content creators and Web3 users monetise future earnings, aligning with Web3 values. Borroe also mints NFTs from unpaid invoices, making it a top choice for NFT and altcoin investors.

Borroe offers a Web3 blockchain marketplace for discounted invoice NFTs and strong AI risk assessment tools. Its transparent fee structure appeals to both experienced and novice DeFi investors.

They make NFTs more accessible and accept crypto and fiat payments, focusing on privacy and compliance. Their tokenomics plan aims to increase the value of ROE tokens with a pre-sale and diverse allocation strategy. Borroe's low-risk approach and innovative financing make it compelling for investors seeking the best cryptocurrency.

BNB Coin (BNB)

Rank: #4

Market cap: $90,284,192,484 

Trading volume: $1,468,096,371

Binance, the largest centralised crypto exchange by trading volume, launched BNB. However, BNB Coin now operates independently as a decentralised network. BNB shares similar features with Ethereum and even shares some capacity with the latter. Although some sceptics assume BNB is not as decentralised as promoted, it ranks as the fourth-largest cryptocurrency with a $90,284,192,484 market cap. 

Trade BNB Coin
 

How to Invest in Crypto as a Beginner? 

Whether you are a beginner or an advanced user, the primary rule is never to invest more than you can afford to lose. Crypto investments require a long-term approach. Trying to time the market can be a costly mistake. Instead, it's wiser to focus on the time "in'' the market and calculate your investment timeframe in months and years, never in days. 

Considering Bitcoin, the first cryptocurrency in the world, has been extremely volatile since the moment it was quenched and until the present day, investors who have held onto their BTC over the last years are up 500% and more, depending on the point A, when they joined the market. 

How much should you invest in crypto at the start? The best thing about crypto investments is that you can fund as much as possible. If you can invest $100 monthly, that would be fine. Regularly investing small amounts over time can bring significant gains in the long run. Depending on the chosen crypto asset, you can invest $100 monthly, costing $1200 in 12 months. If you achieve a 300% gain, your primary investment is $3600, all from putting aside $100 per month. 

Buying cryptocurrency for beginners is not as difficult as it seems. All it takes is to start and choose the best cryptos for beginners. While there are thousands of crypto assets available, consider investing in solutions with a large market capitalisation and high trading volume. Consider using our recommendations of the best cryptos for 2024 as a starting point. Invest with caution, as there is always a real risk of losing funds. 

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