Here’s a look at five of the top cryptocurrencies in 2024. These have gained attention due to their market capitalization, innovation, and influence on the crypto market.
1. Bitcoin (BTC)
- Overview: Launched in 2009 by an anonymous developer (or group) known as Satoshi Nakamoto, Bitcoin is the world’s first and most valuable cryptocurrency by market cap.
- Technology: Operates on a decentralized, proof-of-work (PoW) blockchain.
- Use Cases: Primarily a store of value, it’s also used as “digital gold” and a medium of exchange in some regions.
- Strengths: High security due to network size, global brand recognition, and the most established track record in crypto.
- Challenges: Limited transaction speed, high energy consumption for mining, and scalability issues.