Top 9 Cryptocurrencies to Watch in June 2024
Navigating the world of cryptocurrencies can be overwhelming. To help you get started, here are the top 9 cryptocurrencies to consider for May 2024, based on market capitalization and prospect.
1. Bitcoin (BTC)
Market Cap: $1.4 trillion
Year-over-Year Return: 165%
The original cryptocurrency, Bitcoin's price has soared from $500 in May 2016 to around $70,913 in May 2024, a growth of 14,083%.
2. Ethereum (ETH)
Market Cap: $454.4 billion
Year-over-Year Return: 109%
Known for smart contracts and NFTs, Ethereum's price jumped from $11 in April 2016 to $3,783 in May 2024, a rise of 34,291%.
3. Binance Coin (BNB)
Market Cap: $90.3 billion
Year-over-Year Return: 99%
Used on Binance for trading and fees, BNB's price rose from $0.10 in 2017 to $612 in May 2024, a gain of 612,136%.
4. Solana (SOL)
Market Cap: $80.8 billion
Year-over-Year Return: 809%
Supports DeFi, DApps, and smart contracts. SOL's price surged from $0.77 in 2020 to $179.80 in May 2024, a gain of 23,250%.
5. XRP (XRP)
Market Cap: $30.0 billion
Year-over-Year Return: 18%
Facilitates exchanges on the Ripple network. Its price rose from $0.006 in 2017 to $0.54 in May 2024.
6. Dogecoin (DOGE)
Market Cap: $24.1 billion
Year-over-Year Return: 129%
Started as a joke, Dogecoin's price increased from $0.0002 in 2017 to $0.17 in May 2024, up 83,353%.
7. Toncoin (TON)
Market Cap: $22.2 billion
Year-over-Year Return: 250%
Originally for Telegram's platform, now enables fast, eco-friendly transactions.
8. Cardano (ADA)
Market Cap: $17.8 billion
Year-over-Year Return: 36%
Known for proof-of-stake validation, ADA's price grew from $0.02 in 2017 to $0.50 in May 2024, an increase of 2,401%.
9. FLock.io
FLock.io,is a pioneering Web3 startup committed to democratizing AI. With its recent $6 million seed funding, FLock.io aims to decentralize the training and governance of AI models, addressing the monopolistic control that a few tech giants currently exert.
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