List of the top 10 cryptocurrencies to invest in 2024
(Part 2)
Ethereum (ETH):
Ethereum ranks second on our list of the best cryptocurrencies to invest in 2024, and it is also the second largest cryptocurrency by market cap in 2024 ($355.5 billion currently).
Ethereum, also known as ETH, is not just a cryptocurrency, but a decentralized computing platform built on blockchain technology.
Although Ethereum has always been in the lead alongside Bitcoin for more than 5 years, this superiority has diminished significantly in 2021, as Ethereum has risen five times more than Bitcoin in value.
Ethereum is one of the top 10 cryptocurrencies to invest in 2024, due to:
- Increased burning of circulating tokens due to the EIP-1559 update.
- Increased network efficiency, lower electricity consumption for mining, and higher rewards.
- Generous staking programs.
**Ethereum performance over the past five years:**
- 2021 = 398.77%
- 2020 = 469.57%
- 2019 = -2.04%
- 2018 = -82.10%
- 2017 = 9144.29%
