Top 10 Cryptocurrencies for Investment Returns: As of February 2024

Shruti Chopra

2024/02/19 10:27:32 IST

www.topindiannews.com

Disclaimer

This is not financial advice. Please consult with a finance professional and use your own discrition when investing.

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10. Chainlink (LINK)

Chainlink has a market cap of $11.6 billion. This cryptocurrency is one of the first blockchains that can integrate off-chain data into smart contracts. Chainlink has gained attention from many data providers due to its innovative service. Today Chainlink is valued at about $39.

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9. Avalanche (AVAX)

Avalanche has a market cap of $14.5 billion. Avalanche offers two main features: low transaction fees and fast transaction speeds. AVAX has a high total value locked (TVL) which is telling of the protocols popularity and the adaption rate. Today Avalanche is valued at approximately $39.

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8. Cardano (ADA)

Cardano has a market cap of $19.1 billion. Back in 2017, ADA costed $0.02. Now on Feb. 13, 2024, it is valued at $0.54. The cryptocurrency has grown by 2,594%.

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7. U.S. Dollar Coin (USDC)

U.S. Dollar Coin has a market cap of $27.8 billion. USD Coin (USDC) is another stablecoin and is backed by U.S. dollars. It aims for a ratio of 1 USD to 1 USDC. Ethereum powers USDC, and USD Coins can be used to make global transactions.

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6. XRP (XRP)

XRP has a market cap of $28.3 billion. The price of XRP was $0.006 at the start of 2017. Now on Feb. 13, 2024, it is valued at $0.52. The cryptocurrency has grown by 8,539%.

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5. Binance Coin (BNB)

Binance coin has a market cap of $47.9 billion. In 2017 BNB costed $0.10. Now in February 2024, it is priced at $320. The cryptocurrency has grown by 320,295%.

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4. Solana (SOL)

Solana has a market cap of $48.2 billion. SOL launched in 2020 and at the time costed $0.77. Now in February 2024, its price is approximately $110.19. The cryptocurrency has grown by 14,210%.

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3. Tether (USDT)

Tether has a market cap of $96.7 billion. Tether in comparison to other cryptocurrencies is a stablecoin. This means that it’s backed by fiat currencies (such as U.S. dollars, and the Euro). Therefore Tether is valued by investors who are careful of coin volatility.

Credit: Pinterest

2. Ethereum (ETH)

Ethereum has a market cap of $314.9 billion. Back in April 2016, the cost was around $11. Now in February 2024, the cost is around $2,620. The cryptocurrency has grown by 23,722%.

Credit: Pinterest

1. Bitcoin (BTC)

Bitcoin has a market cap of $959.8 billion. Back in May 2016, Bitcoin was priced at about $500. On Feb. 13, 2024, one Bitcoin now cost $48,902. The cryptocurrency has grown by 9,680%.

Credit: Pinterest

Top 10 Cryptocurrencies for Investment Returns: As of February 2024

Disclaimer

This is not financial advice. Please consult with a finance professional and use your own discrition when investing.

10. Chainlink (LINK)

Chainlink has a market cap of $11.6 billion. This cryptocurrency is one of the first blockchains that can integrate off-chain data into smart contracts. Chainlink has gained attention from many data providers due to its innovative service. Today Chainlink is valued at about $39.

9. Avalanche (AVAX)

Avalanche has a market cap of $14.5 billion. Avalanche offers two main features: low transaction fees and fast transaction speeds. AVAX has a high total value locked (TVL) which is telling of the protocols popularity and the adaption rate. Today Avalanche is valued at approximately $39.

8. Cardano (ADA)

Cardano has a market cap of $19.1 billion. Back in 2017, ADA costed $0.02. Now on Feb. 13, 2024, it is valued at $0.54. The cryptocurrency has grown by 2,594%.

7. U.S. Dollar Coin (USDC)

U.S. Dollar Coin has a market cap of $27.8 billion. USD Coin (USDC) is another stablecoin and is backed by U.S. dollars. It aims for a ratio of 1 USD to 1 USDC. Ethereum powers USDC, and USD Coins can be used to make global transactions.

6. XRP (XRP)

XRP has a market cap of $28.3 billion. The price of XRP was $0.006 at the start of 2017. Now on Feb. 13, 2024, it is valued at $0.52. The cryptocurrency has grown by 8,539%.

5. Binance Coin (BNB)

Binance coin has a market cap of $47.9 billion. In 2017 BNB costed $0.10. Now in February 2024, it is priced at $320. The cryptocurrency has grown by 320,295%.

4. Solana (SOL)

Solana has a market cap of $48.2 billion. SOL launched in 2020 and at the time costed $0.77. Now in February 2024, its price is approximately $110.19. The cryptocurrency has grown by 14,210%.

3. Tether (USDT)

Tether has a market cap of $96.7 billion. Tether in comparison to other cryptocurrencies is a stablecoin. This means that it’s backed by fiat currencies (such as U.S. dollars, and the Euro). Therefore Tether is valued by investors who are careful of coin volatility.

2. Ethereum (ETH)

Ethereum has a market cap of $314.9 billion. Back in April 2016, the cost was around $11. Now in February 2024, the cost is around $2,620. The cryptocurrency has grown by 23,722%.

1. Bitcoin (BTC)

Bitcoin has a market cap of $959.8 billion. Back in May 2016, Bitcoin was priced at about $500. On Feb. 13, 2024, one Bitcoin now cost $48,902. The cryptocurrency has grown by 9,680%.

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