As a seasoned crypto investor with years of experience under my belt, I can confidently say that while Bitcoin may be the “King” of crypto, it’s not the only game in town. In fact, the crypto market is as diverse as a box of colorful Lego blocks, each piece with its unique shape and potential to build something extraordinary.
Bitcoin, often referred to as the “King” of cryptocurrencies, holds the title of being the most prominent digital currency within the crypto market. This is primarily due to it being the first token created and the one that sees the highest trading volume. Its influence extends beyond itself, as its price fluctuations can impact the entire crypto market (not consistently).
Nevertheless, while many individuals jump onto the Bitcoin bandwagon with the intention of making profits, particularly in bull markets, novice traders may find themselves missing the opportunity or entering too late, potentially losing their investments.
The good news is that Bitcoin is not the only important cryptocurrency there is in the crypto market. There are many other crypto tokens that are important and beneficial to traders. Some of these tokens might trade with gains as high as 100x or 500x in 2025.
For example, some Solana tokens saw an uptick last week, with BONK being traded at $0.000543, Dogwifhat at $3.30, and Popcat predicted to surge by 225.17% in the coming days, among others.
Here are 7 important cryptocurrencies that investors and traders should look into.
Tether (USDT)
Among the pioneering and widely recognized stablecoins, one that stands out is Tether (USDT), an alternative digital currency designed to minimize price fluctuations. It achieves this stability by linking its worth to a traditional fiat currency or other reliable benchmark.
Because many popular digital currencies, such as Bitcoin, often experience periods of significant price fluctuations, Tether and similar stablecoins aim to minimize these changes to attract users who might otherwise be hesitant due to price instability.
The cost of the cryptocurrency tends to move in line with the U.S. dollar. Currently, Tether is the third-biggest cryptocurrency in terms of market value, worth approximately $119.70 billion. Each token is valued at around $0.999.
Solana (SOL)
Often referred to as Ethereum‘s rival, Solana processes significantly more transactions per second compared to Ethereum, and it offers lower transaction fees.
As a crypto investor, I’m deeply intrigued by Solana (SOL), the digital currency that runs on the Solana blockchain. Since its debut, its value has skyrocketed substantially. At the moment I’m writing this, Solana stands at around $237.24, boasting a market capitalization of a staggering $112.50 billion.
USD Coin (USDC)
US Dollar Coin, a type of stablecoin, maintains its value by being backed by an equivalent amount of traditional currency (US dollars). Essentially, the same amount of U.S. dollars are circulating as US Dollar Coins. The Centre Consortium, comprising Circle and Coinbase initially but now not actively involved, launched the US Dollar Coin in 2018.
USDC, being a stablecoin, operates under U.S. regulations because Circle, its governing body, is based in the United States. At the moment of writing, each USDC coin was valued at approximately $0.9999 and had a total market capitalization of around $38.70 billion.
XRP
The Ripple-created XRP Ledger, launched in 2012, functions as a payment system using XRP as its built-in digital currency. Unlike many other systems, the XRP Ledger Consensus Protocol, responsible for verification and agreement within this ledger, does not depend on proof-of-work or proof-of-stake methods.
Transactions are forwarded to the ledger servers through client software that verifies them. After checking these transactions against each other, the servers decide if they should be included in the database. This week, XRP has garnered interest in the market and breached the $1 mark for the first time since November 2021. As of now, the price of XRP stands at $1.14, representing a notable 6% surge compared to the previous day.
Over just the past week, Ripple’s value skyrocketed by an astounding 96%, generating significant energy and drawing considerable attention within the cryptocurrency community.
Dogecoin (DOGE)
Known to certain individuals as the initial “meme currency,” Dogecoin (DOGE), generated buzz in 2021 due to a significant increase in its value. Notably, some prominent corporations acknowledge and accept this coin, which uses an image of a Shiba Inu as its symbol, as a form of payment.
Since the U.S. election results, Dogecoin has experienced a swift and significant surge. As of November 12, it attained its projected high for 2024. Interestingly, its price appears to have momentarily leveled off, fluctuating between $0.34 and $0.38. Over the past 30 days, Dogecoin has achieved remarkable success, with gains of nearly 160% for the widely-used coin.
Tron
In simpler terms, TRON’s native currency, TRX, can be used for payments on trading platforms and to process on-chain transactions. Holders of TRX have the chance to apply to become a Super Representative, who are tasked with validating transactions and adding new blocks to the blockchain.
In the consensus process of its cryptocurrency, which is similar to Ethereum’s proof-of-stake but has been adapted (DPoS), the network chooses the super representatives. At the moment, one Tron native token, TRX, is priced at $0.2004 and has a market value of 17.32 billion dollars. On November 24th, the price of TRON increased by more than 3.08% with a trading volume exceeding 59.89%.
Toncoin
This year, my coin has been quite a hit. Its popularity stems from its unique ability to host various play-to-earn game tokens like NotCoin, HamsterKomat, SnakeCoin, TapSwap, and numerous others, within the ecosystem it provides.
As a researcher, I’ve observed an astonishing surge in Toncoin’s value throughout November. Currently, the token is priced at approximately $6.25. Over the last seven days, there’s been a notable upward trajectory, with the market capitalization standing at a staggering $15.9 billion. In the past 24 hours alone, Toncoin’s trading volume has reached an impressive figure of $862,361,465.
Final thought
Here are the top 7 crypto tokens to note whether you are a crypto veteran or just new to crypto. As we get close to the end of 2024, many of these tokens are likely to be a gainer and it is not too late to hop on the crypto train. However, it is important that you do your research before buying any token.
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2024-11-26 12:37