Exploring Cryptocurrency Investments: Blockchains, Popular Exchanges, and Top Trending Coins | by Rick Gregson | Aug, 2023
It’s been a while since I have written anything about cryptocurrencies and the market is ever evolving. I thought I’d provide a little insight into some of the more popular blockchains in-use today, list popular cryptocurrency exchanges for buying and selling cryptocurrencies, as well as short-list what’s hot and showing potential for 2024.
Let’s get started!
Different Blockchains and Cryptocurrencies
· Bitcoin (BTC)
The first and most well-known cryptocurrency, operating on its own blockchain, Bitcoin has established itself as a store of value and a medium of exchange.
· Ethereum (ETH)
Built on its own blockchain, Ethereum introduced smart contracts, enabling developers to build decentralized applications (dApps) and launch new cryptocurrencies.
· Binance Smart Chain (BSC)
Developed by the Binance exchange, BSC is a blockchain platform that offers compatibility with Ethereum, providing fast and low-cost transactions.
· Cardano (ADA)
Operating on its own blockchain, Cardano aims to provide a secure and scalable platform for the development of decentralized applications and smart contracts.
· Solana (SOL)
Known for its high-speed and low-cost transactions, Solana is a blockchain platform supporting decentralized applications and crypto projects.
Popular Cryptocurrency Exchanges in the United States
· Coinbase
One of the largest and most trusted crypto exchanges, Coinbase offers a user-friendly platform for buying, selling, and storing various cryptocurrencies.
· Binance US
The US-based arm of the popular Binance exchange, Binance US provides a wide range of cryptocurrencies for trading, along with competitive fees.
· Kraken
Known for its advanced trading features and robust security measures, Kraken offers a diverse selection of cryptocurrencies for US investors.
· Gemini
Founded by the Winklevoss twins, Gemini is a regulated exchange that provides a secure platform for buying, selling, and storing cryptocurrencies.
· eToro
A social trading platform, eToro allows users to automatically copy the trades of successful traders and offers a variety of cryptocurrencies for investment.
Top Five Trending Cryptocurrencies in 2023 with Predictions for 2024
· Ethereum (ETH)
As the second-largest cryptocurrency, Ethereum’s continued growth is expected due to the growing adoption of decentralized applications and the implementation of Ethereum 2.0, which aims to improve scalability and energy efficiency.
· Cardano (ADA)
With its focus on sustainability and scalability, Cardano has gained attention in 2023 and is predicted to continue its upward trend in 2024 as more dApps are developed on its blockchain.
· Solana (SOL)
Known for its high-speed transactions and growing ecosystem, Solana has seen significant growth in 2023, and its innovative features may drive further expansion in 2024.
· Polygon (MATIC)
Providing scalability solutions for Ethereum, Polygon has emerged as a popular layer 2 scaling solution, attracting developers and investors alike. Its upward trajectory is expected to continue in 2024.
· Avalanche (AVAX)
Avalanche offers a highly scalable and interoperable platform for decentralized applications. With its growing ecosystem and partnerships, AVAX is anticipated to experience substantial growth in 2024.
Cryptocurrency investments offer opportunities for individuals to participate in the growing digital economy. Understanding different blockchains, popular US exchanges, and the top trending coins like Ethereum, Cardano, Solana, Polygon, and Avalanche can help investors make informed decisions. As the crypto market evolves, it is important to stay updated with the latest developments and predictions for 2024 to capitalize on potential opportunities.
Thank you for reading!
