Best Cryptocurrencies by Year-to-Date Performance: Top 9 Cryptocurrencies

2024 has been an exciting year for cryptocurrencywith Bitcoin reaching a new all-time high of over $70,000 in March.

Bitcoin could be the largest cryptocurrency by market capitalizationbut it’s not the best crypto this year in terms of performance.

And the top performers aren’t just Meme parts — there is a growing selection of established cryptocurrencies with long-term track records.

Top 9 Cryptocurrencies by Year-to-Date Performance

Below is a list of the nine best-performing cryptocurrencies with market caps above $10 billion (a figure chosen to weed out less established coins), ranked by year-to-date performance.

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Is Cryptocurrency a Good Long Term Investment?

Malcolm Ethridge, a financial planner with Maryland-based licensed investment adviser CIC Wealth, said in an email interview that a small investment in cryptocurrency, while not “absolutely necessary,” can help provide some diversification in a long-term portfolio, provided that investors put in some reasonable safeguards and limit their exposure.

“I think investors could cap their allocation to cryptocurrencies at 5%, and in the long run they could still enjoy the benefits of exposure to the asset class if it goes up 10x as its biggest proponents hope, but also reduce the risks of being wiped out by it if the asset class goes to zero tomorrow, which is also possible,” Ethridge said.

What is the best crypto to buy now?

The best cryptocurrency to buy now for an individual investor will depend on their situation and goals. If you’re using extra money to speculate on cryptocurrencies for fun, you may be inclined to look for cryptocurrencies with low volatility. altcoins.

But if you’re looking to make a long-term investment in cryptocurrencies for diversification purposes, you might be more interested in mature coins like Bitcoin and Ethereumwhich have longer track records, larger market capitalizations and greater adoption by large financial institutions.

When looking at the cryptocurrencies in the table above, it’s important to remember that performance isn’t everything. Many of the cryptocurrencies that are outperforming Bitcoin this year have significantly more limited use cases.

Toncoin (TON), for example, is a derivative of a blockchain-based web hosting system (“The Open Network” or “TON”) originally developed by the social media app Telegram. Dogecoin (DOGE) And Shiba Inu (SHIB) are meme coins — joke altcoins that represent internet memes. And BNB (BNB) is the native currency of the struggling cryptocurrency exchange Binance.

These types of coins can sometimes post triple-digit returns in a matter of months, but investors should note that they are considerably smaller, less mature, more specialized, and more volatile than “blue chip” cryptos like Bitcoin and Ethereum.

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How to Add Cryptocurrencies to Your Wallet

According to Ethridge, investors should either focus on Bitcoin or seek a diversified portfolio. Cryptocurrency ETFs.

“I think investors looking to get exposure here should either own bitcoin exclusively, as it is by far the largest and most mature cryptocurrency, or invest through a crypto ETF that has all 10 to 20 legitimate and established tokens for you all in one place,” Ethridge said.

“This approach will help facilitate trading and tracking, as well as reduce costs, because these things are very expensive to trade,” he said.

The author owned Bitcoins at the time of publication.

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