The Best Types of Cryptocurrencies to Buy

Currently, cryptocurrencies are very popular, used to earn money and pay for services. There are different types like Bitcoin, Ethereum, Litecoin, and over 10,000 others as of May 2024. Each has its own advantages. However, if you want to decide which ones to buy, follow the news, study ratings, and determine which cryptocurrencies are most relevant for your needs.

Choosing a Cryptocurrency

At the moment, over 10,000 cryptocurrencies exist, and the number continues to grow. When buying, diversification is key – there is no single best cryptocurrency. Many have different use cases across industries. Investing in just one currency is very risky. Diversifying your portfolio helps hedge risks and increases the chances of participating in the next popular crypto trend.

Consider factors such as value, liquidity, and volatility when choosing cryptocurrencies. Understand that you are getting the best options for your specific needs. If trading, choose a popular cryptocurrency available on major exchanges like Advanced options can potentially bring more profit but require more knowledge, are more volatile, and regularly experience growth spurts.


Bitcoin is the most famous cryptocurrency, often called the “king of crypto.” It is a global peer-to-peer digital cash system great for beginners and institutional investors alike. Bitcoin is extremely liquid, so there are no issues buying or selling it for cash. Despite its volatility, it remains one of the most stable cryptocurrencies. Those interested in the Bitcoin SV price, a fork of Bitcoin created in 2018, should also monitor that market.

Bitcoin has a new system that is popular with miners who earn rewards for maintaining the blockchain. It can be an excellent investment, accounting for 60% of the total cryptocurrency market capitalization. Bitcoin has huge momentum and is considered a top investment for 2024. No other cryptocurrency has displaced Bitcoin, so it remains the most popular.


Consider Litecoin, one of the earliest cryptocurrencies after Bitcoin. Popular for over a decade, it uses Bitcoin’s code with technical changes. Its mission is to be a global peer-to-peer digital currency. Litecoin is liquid, with a good market capitalization, and is more securely held than riskier smaller coins.

The supply of Litecoin is capped at 84 million coins versus Bitcoin’s 21 million. It offers higher block rewards and faster transaction times than Bitcoin. While Bitcoin is often referred to as “digital gold,” Litecoin is sometimes called “digital silver.” It is also faster and cheaper than Bitcoin, making it a top buy recommendation for 2024.


Another popular option is Ethereum, a major smart contract platform. Smart contracts are decentralized applications running on the blockchain. Over 3,000 tokens have been issued on the Ethereum network, which has significant liquidity. Ranking 2nd or 3rd after Bitcoin in market capitalization, there are no issues buying or selling Ethereum. Its price remains relatively stable while growing long-term, leading many investors to wonder “how high can Ethereum go?” As a top investment and the leader in the smart contract platform space, Ethereum’s potential for future growth is widely debated. Despite its age, it remains popular in 2024. Those looking to swap SOL (Solana) for ETH should research recommended exchange platforms and processes.

Binance Coin

Binance Coin (BNB) is a very popular cryptocurrency. Unlike Bitcoin and Litecoin, BNB is a utility token that derives value from its usefulness. Created by the owner of Binance, it is one of the most liquid cryptocurrencies with a high market capitalization ranking and growing trade volume. BNB has been stable while regularly increasing in value.

Initially, 200 million BNB were issued at $0.10, with future discounts for owners (the current discount rate may have changed). BNB is considered a good investment as it finds more use cases, thus increasing demand and price. It is considered one of the fastest-growing cryptocurrencies due to its extensive use on the Binance exchange.

To diversify your portfolio, consider adding BNB with its solid history, experienced team, and enduring popularity.


The Basic Attention Token (BAT) is popular for tipping content creators. It is useful for monthly or lump-sum web tips. BAT also pays viewers for viewing ads, with the tokens transferred via the Brave browser.

BAT’s liquidity fluctuates but often ranks in the top 40 cryptocurrencies by market capitalization. Its price is quite stable compared to other cryptocurrencies, making it suitable for accumulation. Over 1.5 billion BAT tokens exist. If demand for the token grows, monitoring price estimations is important. The token is actively used as the Brave browser gains popularity.


Monero is focused on privacy, with advanced cryptography to hide user identities. It is popular on the dark web for its anonymity features. Monero had an anonymous launch, so the identities of its developers were unknown. It is a highly liquid top market cryptocurrency.

Monero meets the need for privacy with a high user base and market capitalization while being more stable and less risky than smaller coins. As it is used for dark web payments, demand for Monero will likely persist despite its older technology. Its popularity and liquidity make it a top buy recommendation.


For more options, consider NEO – an older smart contract platform that is more centralized than Ethereum but remains a top 25 cryptocurrency with high liquidity.

Over 200 million NEO tokens exist, with 50 million sold to early investors and 15 million unlocked for development (these numbers may have changed over time). NEO is focused on China’s vast market. It serves as a hedge against Ethereum, and both remain relevant, popular cryptocurrencies.


Beam is focused on privacy like Monero but uses a new blockchain protocol impacting scaling and transaction speed while maintaining anonymity. Despite a lower market capitalization, Beam has high liquidity as investors are very active buyers and sellers.

Beam’s price is relatively stable, but being a newer cryptocurrency means its price has the potential to rise or fall suddenly, a risk to consider. Similar to Bitcoin and Litecoin, Beam uses mining hardware to create new coins. It is popular for its privacy focus.


Cronos (previously known as Coin) is the native cryptocurrency of the ecosystem and Cronos blockchain. It aims to facilitate transactions and power decentralized applications (dApps) on the Cronos network. As an EVM-compatible chain, Cronos allows developers to easily port Ethereum-based dApps and tokens to its platform. For those wondering “what is Cronos?”, it is an up-and-coming cryptocurrency ecosystem worth researching, especially for those interested in the growing decentralized finance (DeFi) space.


Kokou Adzo

Kokou Adzo is a seasoned professional with a strong background in growth strategies and editorial responsibilities. Kokou has been instrumental in driving companies' expansion and fortifying their market presence. His academic credentials underscore his expertise; having studied Communication at the Università degli Studi di Siena (Italy), he later honed his skills in growth hacking at the Growth Tribe Academy (Amsterdam).


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