Best Cryptocurrency to invest in 2024, 2025

After Bitcoin got the attention of investors, it was quite evident to all how the decentralized crypto space could make people some good money. However, Bitcoin and Ethereum seem like a missed opportunity for most of us and since then investors have been looking for the other set of best cryptocurrency to invest in and make some wealth.

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What is the best cryptocurrency to invest in ?

Though there were quite a few research and debates over cryptocurrency being a good investment or not, over the period the currency did show its true value forcing some big financial investment banks to invest in cryptos too.

Solana

Technology used

Solana was established in 2017 and stands out as a blockchain platform designed for fast and scalable decentralized applications. It tackles the common problem of slow transaction processing on blockchains by using smart algorithms. Unlike traditional blockchains, Solana operates on both proof-of-history (PoH) and proof-of-stake (PoS) consensus models. This unique setup helps it handle high volumes of transactions quickly and with minimal fees.

PoS helps miners confirm transactions based on their stake in the network, while Proof-of-History (PoH) quickly double-verifies and timestamps transactions. This setup makes transactions on Solana fast and reliable 

Price, Market Capitalization and Chart – 

The current price of 1 Salona coin is $145.34 (while we post this blog). 

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Does Salona have a maximum supply? 

Solana’s inflationary model means new tokens are constantly created, much like how fiat currencies work. This means there’s no maximum supply for Solana. This is quite different from Bitcoin, which has a capped supply, making it deflationary. So, Solana and Bitcoin operate on opposite token supply principles.

Solana has a set plan for inflation. It burns half of the transaction fees to balance the supply. Initially, the inflation rate drops by 15% each year until it settles at 1.5%. This means more tokens will be created over time. By 2030, Solana could have over 700 million SOL tokens in circulation.

Solana Fundamentals 

Even after the 2022 crypto crash, Solana made a comeback with higher coin prices. Its strong foundation and team led to a partnership with Visa for USDC settlements. Plus, backed by significant investments, Solana’s transparent model is easy to grasp.

Is Solana Energy Efficient? 

Solana’s transactions are very energy-efficient, using only a tiny amount of power: just 0.00052 kWh (1838 Joules). This makes Solana less power-hungry compared to other platforms.

Solana Competitor – Ethereum 

Solana is speedy, handling lots of transactions fast, and its fees are way lower than competitors like Ethereum.

Ripple

Technology used

Ripple is a fintech company that created RippleNet, a payment network connecting banks and digital exchanges for faster, cheaper transactions. It’s different from regular cryptocurrencies as it focuses on global payments rather than peer-to-peer transactions. RippleNet mainly operates on the XRP Ledger.

 XRP Ledger 

XRP is the main cryptocurrency of the XRP Ledger. Unlike Bitcoin, it doesn’t rely on miners. Instead, it uses a consensus algorithm called the Ripple Protocol Consensus Algorithm. Trusted validators confirm transactions, ensuring the ledger’s integrity.

For a Ripple transaction to go through, it needs approval from at least 80% of the nodes on the network. Though anyone can be a validator, Ripple keeps a list of trusted ones called the Unique Node List (UNL).

Example – Matt can send 2000 Euros to Kiran in India through participating financial institutions. The Euros are converted to XRP and validated by network servers. Then, Kiran can withdraw the money in Indian Rupees. This process happens in seconds with a tiny transaction fee, much faster and cheaper than traditional money transfers.

Price, Market Capitalization and Chart  

The current price of 1 XRP coin is $0.5301 (while we post this blog). 

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Does XRP have a maximum supply? 

XRP has been pre-mined with a supply cap of 100 billion tokens. 

Ripple Fundamentals 

Ripple has secured $293.8 million in funding through 14 rounds and acquired 4 companies. Their most recent acquisition was Standard Custody & Trust on February 13, 2024. With a strong board and investor backing, Ripple’s authenticity is assured.

Is Ripple Energy Efficient ?

XRPL’s unique consensus mechanism is eco-friendly-it does not require mining to settle transactions. 

Ripple Competitor – Ethereum 

Ripple and Ethereum both use blockchain, but they target different sectors. Ripple is stronger in transaction speed and cost efficiency compared to Ethereum, giving it potential for larger-scale use.

Fetch.AI

Technology Used

Fetch.ai wants to automate web transactions. For example, instead of booking a cab online yourself, you can let a bot called a digital twin do it for you. This bot can even find the cheapest cab and learn from other bots.

Fetch.ai can identify cheap mutual funds or stocks and help you trade them, among many other uses. It’s also used for decentralized finance (DeFi) in crypto. Bots act like digital users in Fetch.ai’s economy. All transactions are recorded on an AI-powered blockchain and verified by validators.

FET 

FET is the main cryptocurrency of Fetch.ai. People use it to pay for services on the platform. They can also stake FET to help decide on Fetch.ai’s future and earn 10% interest annually.

Price, Market Capitalization and Chart – 

The current price of 1 FET coin is $2.16 (while we post this blog). 

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Does FET have a maximum supply? 

FET has a maximum supply of 2.64B FET. They are devalued by inflation. 

FET Fundamentals 

Fetch.ai has raised $75.9 million in funding through 6 rounds. Despite struggles with UK crypto regulations, it plays a key role in Mark Zuckerberg’s Metaverse economy.

Fetch.AI competitor – Algotech (ALGT)

Algotech, known for its ALGT token, is making waves in the AI field, similar to Fetch.ai. It’s geared towards empowering traders by automating trades and forecasting prices efficiently which could make this one of the best cryptocurrency to invest in.

Tether

Tether was the pioneer stablecoin tied to the US Dollar, known as USDT. It works by keeping a one-to-one ratio with actual fiat currency reserves, ensuring that each USDT is fully backed by real money. Tether Limited provides transparency by showing its reserve balances on its website.

Process- 

When you deposit fiat currency into Tether Limited’s bank, they give you the same amount in Tether coins (e.g., $100 = 100 USDT). When you spend these Tether coins and want your money back, Tether Limited destroys the coins and sends the fiat currency back to your bank.

It’s an alternative for deposit/withdrawal. 

Price, Market Capitalization and Chart – 

The current price of 1 USDT coin is $1 (while we post this blog). 

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Does Tether have a maximum supply? 

There is no cap for maximum supply. 

Tether Fundamentals 

Tether has invested in 11 projects. Their most recent investment was on April 30, 2024, when they put $200 million into Blackrock Neurotech.

Tether Competitor – Ethena (USDe) 

Stablecoins like USDC and USDT rely on assets(collateral) managed by banks, which brings risks. In USDe, if you stake Ethereum for USDe, Ethena also opens a ‘short’ position on Ethereum of the same value.

If Ethereum’s price rises, the value of the collateral (Ethereum) securing USDe goes up, but the loss from the short position balances it out. If Ethereum’s price falls, the loss is offset by the profit from the short position. This keeps USDe stable relative to USD, regardless of Ethereum’s price changes.

ChainLink 

Smart contracts are like rules on a blockchain—they do things automatically when certain conditions are met. But because blockchains are secure, these contracts can’t directly talk to things outside the blockchain.

To fix this, we use an “oracle.” It’s like a messenger that brings real-world info onto the blockchain for smart contracts to use.

Chainlink Network uses Decentralized Oracle Networks (DONs) to solve this. DONs are a group of independent oracle nodes. They gather real-world data, validate it, and put it on the blockchain. Each node can handle different tasks, making the process decentralized.

The Chainlink Token encourages Chainlink DONs to work correctly. It’s connected across various blockchains for seamless Chainlink oracle links. People can use these tokens for staking in different ways.

Price, Market Capitalization and Chart – 

The current price of 1 LINK coin is $14.04 (while we post this blog). 

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Does ChainLink have a maximum supply? 

ChainLink has a maximum cap of 1.00B LINK 

ChainLink Fundamentals 

Chainlink has raised $32 million in funding through 4 rounds. Their latest funding was from an Initial Coin Offering on September 20, 2017. They have 9 investors, with Fundamental Labs and Andreas Schwartz being the most recent.

ChainLink Competitor – PythNetwork. 

Pyth Network is a decentralized oracle network that gives accurate, super-fast, and cross-chain data feeds to smart contracts. It solves problems with data quality, availability, and usage in decentralized finance (DeFi) and beyond.

Pyth Network delivers accurate and detailed data straight from the source, quickly and reliably, without any intermediaries or loss of precision.

Polygon Matic 

As Ethereum app use grows, so do transaction fees, which can be tough on small investors. Enter Polygon, a sidechain offering faster transactions and lower costs. It runs parallel to Ethereum and has its own cryptocurrency called Matic, used for fees, staking, and voting.

Price, Market Capitalization and Chart

The current price of 1 MATIC coin is $0.7199 (while we post this blog). 

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Does Polygon have a maximum supply? 

Polygon has a maximum cap of 10B MATIC 

Polygon Fundamentals 

Polygon has raised $451.5 million in funding through 9 rounds. Their latest funding, from a Secondary Market round, was on June 5, 2023. They have 49 investors, with Upchain Capital and Disney Accelerator being the most recent.

Polygon Rival – Retik Finance(RETIK). 

Retik Finance (RETIK) stands out in DeFi for its innovative financial solutions that blend traditional finance with decentralized technology. It offers high scalability, low transaction fees, and unique features like virtual DeFi debit cards.

Dogecoin 

Dogecoin started as a fun and relaxed community, originally introduced as a “joke currency” in 2014. It quickly gained its own online following. By mid-2015, 100 billion coins were in circulation, with more added each year. Dogecoin is often used for tipping on Reddit and Twitter. While it has its charm, some believe it’s time for Dogecoin to introduce more serious developments compared to cryptocurrencies like Ethereum or Bitcoin.

Price, Market Capitalization and Chart – 

The current price of 1 dogecoin is $0.1631 (while we post this blog). 

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Does Dogecoin have a maximum supply? 

Dogecoin has no maximum supply 

Dogecoin Fundamentals 

Dogecoin raised $30,000 through an Equity Crowdfunding round on January 20, 2014. Being a meme coin, it’s entirely managed by decentralized developer teams.

Dogecoin competitor – Shiba Inu. 

Shiba Inu runs on Ethereum, which means it can use smart contracts and work with decentralized apps. Dogecoin doesn’t have this ability because it operates on its own blockchain without smart contract support.

Shiba Inu 

Shiba Inu was born from the idea of a community-managed cryptocurrency. It’s a token meant to be an Ethereum-based rival to Dogecoin, the famous meme coin.

Shiba Inu runs on Ethereum, so it can use smart contracts and work with decentralized apps, unlike Dogecoin. In July 2021, Shiba Inu launched ShibaSwap, a decentralized exchange where users can trade cryptocurrencies without signing up or sharing personal info.

Price, Market Capitalization and Chart – 

The current price of 1 SHIB coin is $ 0.00002535 (while we post this blog). 

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Does Shiba Inu have a max supply? 

While Bitcoin is meant to be scarce, with only 21 million coins ever, Shiba Inu is intentionally abundant. It has a total supply of one quadrillion tokens.

Shiba Inu Fundamentals 

Shiba Inu Coin received $12 million in funding from 17 investors in a single round on April 22, 2024. The round was called Venture – Series Unknown, and the most recent investors are Big Brain Holdings and Stix. co.

Shiba Inu Competitor – Shiba Budz (BUDZ). 

Shiba Budz (BUDZ) and Shiba Inu Coin (SHIB) both come from meme culture. However, Shiba Budz stands out by focusing on community involvement and integrating advanced blockchain features like enhanced tokenomics. These features, including deflationary mechanisms, aim to increase its value over time.

Helium 

Helium (HNT) is a decentralized network that uses blockchain. It lets low-power wireless devices talk to each other via hotspots. People who operate these hotspots can earn HNT coins by processing transactions.

Each hotspot covers a certain area and deals with transactions using Helium’s token, HNT.

They aim to boost device communication and grow the IoT economy. People can buy or make hotspots, which provide network coverage and handle transactions using Helium’s token, HNT.

Price, Market Capitalization and Chart – 

The current price of 1 HNT coin is $5.69 (while we post this blog). 

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Does Helium have a maximum supply? 

Helium has a maximum token supply of $223.0M 

Helium Fundamentals 

Helium has raised $364.8 million in funding through 10 rounds. Their latest was a Series D round on Feb 19, 2022. They have support from 33 investors, with Munich Re Ventures and FTX Ventures being the most recent.

Helium Competitor – VeChain and Jasmy 

VeChain leads in IoT blockchain, using distributed governance and IoT tech to tackle data challenges in diverse industries like healthcare, energy, food & beverage, sustainability, and SDG goals.

VeChain (VET) is a reliable smart contract platform for businesses. It’s known for stability and efficiency, thanks to lower gas costs.

Jasmy, created in Tokyo in 2016, focuses on data security and sharing. Its blockchain tech, especially for IoT, ensures secure communication with devices. Users have various apps to manage their data easily.

Jasmy is also used in the metaverse for seamless data transfer, thanks to its strong privacy protection.

Best cryptocurrency to mine?

At present, bitcoin is a highly rewarding cryptocurrency in terms of mining. Post halving in 2024, any successful miner, upon being able to quickly solve the complex mathematical problem gets rewarded with 3.125 BTC and a portion of transaction fees. 

But note that the expected investment for bitcoin mining could be high with the amount of heavy hardware resources and electricity needed for doing it more efficiently. 

Who controls the value of cryptocurrency?

Any cryptocurrency economy primarily fluctuates because of its demand and supply only. Crypto coins are typically of 2 types, 

1) Deflationary coins – The maximum market cap for such coins is predefined which makes 

they limited in supply. As the number of coins minted approaches the maximum limit 

number, the demand generally starts to rise resulting in the rise in prices proportionally. 

Usually, such coins have high value and purchasing power. Example – Bitcoin 

2) Inflationary coins – Such coins don’t have any maximum limit. They can be introduced into the ecosystem daily also which brings their purchasing power slightly to the lower side. Sometimes the coins are burned to stabilize the pricing ecosystem. Example – Ether 

Will Dogecoin reach $1? 

The current circulating supply of coins for Dogecoin is 144.18B and if Dogecoin reaches $1 that would mean it hitting a market cap of 144.18B (half of the Ethereum market Cap) which looks very ambitious. 

Dogecoin is fundamentally a meme coin and most development activities are carried out in a decentralized way. This community has pioneered the concept of how a simple meme can be monetized but there haven’t been any recent new features added to their project. Apart from being rewarded for creating any memes, the project doesn’t provide much value in return. 

What is the safest crypto to buy? 

The safest cryptos would be the ones that have strong project fundamentals lying beneath, active development activities going on, and are strongly funded. Any crypto with moderate market capitalization would be a safe bet as it would still have ample space to grow. 

Example – 

Ripple 

Polygon matic 

Helium 

Shiba Inu