7 Best Crypto to Buy and Invest Now In September 2024

Cryptocurrency investing draws many people looking to grow their wealth. But which digital coins offer the best potential? This guide explores the best crypto to buy right now. We’ll look at market leaders like Bitcoin and Ethereum, as well as promising altcoins.

You’ll learn about factors that affect crypto value, including technology, adoption, and market trends. We’ll also discuss types of crypto to invest in and how to buy these coins today.

Key Takeaways:

• The best crypto to buy right now are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Toncoin (TON), Tron (TRX), Chainlink (LINK), and XRP due to established market value, use cases in real life, and large community support.
• The best cryptocurrencies to invest in depending on factors like market cap, technology development, community, niche, and real-world use cases.
• The best crypto exchanges to buy cryptocurrency right now are Bybit, Coinbase, Binance, MEXC, and Kraken, after setting up an account and completing KYC.

Best Cryptocurrencies to Invest Right Now: 7 Top Picks

We have reviewed over 100 popular digital assets based on market value, community, use cases, security, and return on investment (ROI). Here is our list of top 7 coins to buy right now:

1. Bitcoin (BTC): Best for long-term storage
2. Ethereum (ETH): Best smart contract coin
3. Solana (SOL): Best for building meme-coins
4. Toncoin (TON): Best for building DApps
5. Tron (TRX): Best for fast crypto transactions
6. Chainlink (LINK): Best RWA crypto asset
7. Ripple (XRP): Best for borderless crypto payments

Top 7 Crypto Coins to Buy Today Compared

(Data Source: CoinMarketCap, 20 September, 2024)

Best Crypto to Buy Now – Detailed Review

1. Bitcoin (BTC)

Bitcoin (BTC) is a decentralized digital currency, alternative to fiat currencies, and the first digital asset created by Satoshi Nakamoto. It enables money sending and receiving without the assistance of governments or banks.

It was introduced in 2009 and runs on the blockchain, a public ledger. Every transaction is publicly documented here. Users utilize cryptography-secured wallets to handle their BTC. Mining is the process of creating new Bitcoins while verifying transactions.

2. Ethereum (ETH)

Ethereum (ETH) is another best crypto to buy based on smart contracts and building decentralized applications (dApps). Ethereum’s core component is the Ethereum Virtual Machine (EVM). It is a global computer that allows developers to execute code on the blockchain.

Smart contracts on Ethereum are self-executing programs. They run when certain conditions are met, enabling trustless, automated applications. Ethereum operates with a proof-of-stake (PoS) consensus model. Here, validators secure the network by staking ETH. In return, they are rewarded for confirming transactions and maintaining the blockchain’s integrity.

3. Solana (SOL)

Solana (SOL) is a blockchain platform designed for speed, scalability, and low costs. It uses Proof of History (PoH) alongside Proof of Stake (PoS) to validate transactions quickly. This setup allows Solana to process thousands of transactions per second. The confirmation of each transaction takes around 400 milliseconds.

The platform supports decentralized applications (dApps) and smart contracts. Developers can build on Solana without depending on centralized servers. SOL, Solana’s native token, is used for fees, staking, and governance.

Solana is also energy-efficient. Each transaction uses the same power as a few Google searches. It is built for mass adoption, making it ideal for industries like decentralized finance (DeFi), NFTs, and gaming. With its low fees and high throughput, Solana is a strong competitor to other blockchains like Ethereum.

4. Toncoin (TON)

Toncoin is a decentralized blockchain platform designed to enable fast, scalable, and secure transactions using a proof-of-stake (PoS) consensus mechanism.

One of its key features is sharding. This divides the network into smaller pieces (shards) to process transactions in parallel, enhancing scalability. TON coin is used for various activities on the network, including paying transaction fees, securing the network through staking, and participating in governance decisions. Plus, it is integrated into decentralized applications (dApps) and services on the network.

Toncoin’s architecture makes it suitable for mass adoption, supporting decentralized finance (DeFi), gaming, and other Web3 services. The network aims to combine fast transaction speeds with low costs, creating a user-friendly blockchain ecosystem.

5. Tron (TRX)

Justin Sun launched Tron (TRX) in 2017 to decentralize the internet. In 2018, it migrated from Ethereum to its own blockchain. It facilitates quick transactions and highly scalable decentralized apps (dApps).

The Delegated Proof of Stake (DPoS) technique is employed by Tron. Comparing this to Ethereum and Bitcoin, quicker transaction speeds are possible. The network’s smart contracts and transactions are conducted using Tron’s native currency, TRX.

Tron facilitates gaming, entertainment, and decentralized financial (DeFi) applications. TRX is freely traded and can be used for international payments. It is appropriate for minor, routine transactions because of its low costs.

6. Chainlink (LINK)

Chainlink is another top cryptocurrency to invest right now. It is a decentralized Oracle network. It integrates smart contracts and real-world data, plus connects the blockchain to other systems. Payments on the network are made via an ERC-20 token called “LINK”. Chainlink nodes deliver data to smart contracts and these nodes are rewarded with LINK tokens.

Chainlink supports a variety of blockchains and layer-2 solutions. It provides price feeds, provable randomization, and PoRs. The network supports hybrid smart contracts. These bring together on-chain logic with off-chain data and computation. Chainlink is also used for DeFi, insurance, and gaming. 

7. Ripple (XRP)

Ripple Labs created XRP in 2012 as a digital currency intended to transform cross-border financial payments. Originally known as Ripple Credits, XRP runs on its own distributed ledger technology, the XRP Ledger.

Unlike many cryptocurrencies, XRP does not use energy-intensive mining operations. Instead, it uses a unique consensus technique called the Ripple Protocol Consensus Algorithm (RPCA). This method provides for faster transaction confirmations, generally within seconds, far exceeding standard banking systems.

How To Choose the Best Crypto To Invest In?

Here are some of the factors to consider while choosing the best cryptocurrencies to buy:

• Market Capitalization: You can check the total value of the circulating supply. Larger caps suggest stability; smaller caps offer growth potential with higher risk. Compare within cryptocurrency categories to gauge market position.
• Technology: Evaluate blockchain capabilities, transaction speed, scalability, and energy efficiency. Consider real-world problem-solving potential and ongoing development.
• Adoption and Partnerships: Examine real-world integration and partnerships. Also, assess user community size and developer activity. Higher adoption rates indicate long-term viability.
• Team Expertise: Research developers’ and advisors’ backgrounds. You can look for relevant experience and successful track records. 
• Regulatory Compliance: Consider standing with major market regulators. Projects working towards compliance may have better long-term prospects. Be aware of legal issues affecting future growth.
• Tokenomics: Understand token distribution, inflation rate, and supply mechanics. Also, evaluate initial distribution fairness and long-term supply schedule.
• Market Sentiment: You can analyze trading volumes across crypto exchanges to assess liquidity and investor interest. Be cautious of high volatility or obscure exchange listings.
• Use Case and Viability: Evaluate long-term relevance and unique market position. You can check competitiveness against other cryptocurrencies and traditional financial systems.

What is Cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It uses blockchain technology to function on decentralized networks. Because of their decentralization, cryptocurrencies are usually neither issued nor managed by a single entity. Rather, they depend on a distributed ledger system that keeps track of every transaction across a computer network. 

Bitcoin, the first and most well-known cryptocurrency, was developed in 2009. Thousands of alternative cryptocurrencies with varying features and capabilities have surfaced since then.

Types of Crypto You Can Buy Today

1. Blue Chip Cryptocurrencies: These are reputable cryptocurrencies that have gained a lot of traction and substantial market capitalizations. Blue-chip cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) are excellent examples. They’re frequently seen as more reliable investments. For example, institutional investors accept Bitcoin broadly, and it’s sometimes referred to as “digital gold”.
2. Altcoins: Altcoins encompass all cryptocurrencies other than Bitcoin. They often offer unique features or improvements over existing cryptocurrencies. Examples include Litecoin (LTC), which aims for faster transaction speeds, and Cardano (ADA), which focuses on sustainability and scalability.
3. Stablecoins: These cryptocurrencies, which are typically based on fiat money or commodities, are intended to have a constant value. The well-known stablecoins to buy are USD Coin (USDC) and Tether (USDT), 1:1 pegged with the US currency.
4. Privacy Coins: Privacy coins focus on providing anonymous and untraceable transactions. Monero (XMR) and Zcash (ZEC) are well-known privacy coins to buy that use advanced cryptographic techniques to obscure transaction details. These coins appeal to users who prioritize financial privacy but may face regulatory challenges in some jurisdictions.
5. Utility Tokens: These tokens serve specific functions within blockchain ecosystems, such as governance or access to services. Basic Attention Token (BAT), used in the Brave browser ecosystem, and Filecoin (FIL), which powers a decentralized storage network, are examples of utility tokens. Tokens in many niches such as gaming, NFT tokens, metaverse, and RWAs come under utility tokens.

How to Buy Crypto and Bitcoin Right Now?

Here is the step-by-step guide on how to invest in cryptocurrencies right now:

1. Choose an Exchange: Choose a trustworthy crypto trading platform. Selecting Binance, Bybit, MEXC, and Coinbase is what we advise. Register on the preferred website. Give the relevant personal information and, if needed, finish the identity verification process. Turn on two-factor verification. To safeguard your account, use a strong, one-of-a-kind password.
2. Fund Your Account: Add funds using bank transfer, credit card, or other supported payment methods. Be aware of associated fees.
3. Place an Order: Select the cryptocurrency you want to buy. Choose between market orders (instant purchase at current price) or limit orders (purchase at a specific price).
4. Execute the Trade: Confirm your order details and complete the purchase. Your newly acquired crypto will appear in your exchange wallet.
5. Consider Wallet Options: For enhanced security, transfer your crypto to a personal wallet. Choose between software wallets (on your device) or hardware wallets (physical devices) for long-term storage.

Conclusion

To sum up, the best cryptocurrency to buy relies on your risk tolerance and investing objectives. While more recent alternatives like Solana, Toncoin, and Tron offer the potential for larger profits, Bitcoin and Ethereum provide stability and long-term development. 

Chainlink and Ripple also have strong use cases and institutional backing. These seven best tokens have the potential for both short-term gains and long-term success as the crypto market continues to expand.

FAQs

What is the best crypto to buy for long-term investors?

Bitcoin (BTC) and Ethereum (ETH) are often considered the best cryptocurrencies for long-term investment due to their established market positions and widespread adoption. However, emerging platforms like Solana (SOL) and Toncoin (TON) may offer growth potential for those willing to accept higher risk.

What is the best new crypto coin to buy?

Newer cryptocurrencies to buy right now are Toncoin (TON), Aptos (APT), Arbitrum (ARB), and Optimism (OP) due to their innovative technologies and growing ecosystems. However, investing in new coins carries higher risk due to their unproven track records.

Which crypto is best to invest in for the short term?

Short-term crypto investments often focus on tokens with high liquidity and trading volume, such as Bitcoin or Ethereum. However, if you need volatile coins to invest, you can buy some new and low-cap projects.

Is buying cryptocurrencies safe for beginners?

Yes, provided the right safety measures are followed, buying cryptocurrency can be risk-free for novices. Particularly in the specialty of meme coins, there are a lot of rug pulls and scam coins. 

Use low trading fees and trustworthy crypto exchanges as well like Binance and MEXC. Crypto enthusiasts should also think about adopting hardware wallets for long-term storage and safeguarding their accounts with MFA and strong passwords to withstand security breaches.

Which crypto coins will be bullish in 2024?

Although it is hard to accurately forecast market moves, cryptocurrencies with solid foundations, expanding user bases, and cutting-edge technology are frequently well-positioned for bullish moves. The market is still dominated by BTC and ETH, but other coins with promise include SOL, TON, and LINK.