best crypto to hold now September 2024

best crypto to hold now September 2024 crypto news

Our research shows that the best cryptos to buy right now are Bitcoin, Ethereum, XRP, Solana, BNB, Dogecoin, and Cardano. These projects range from scarcity-driven Bitcoin and Layer-1 Ethereum to FinTech XRP, utility-based BNB, and community-centric Dogecoin, catering to diverse crypto investors.

Bitcoin is the best crypto to invest in today, with unparalleled security, global recognition, and long-term value. Here, we analyze the best cryptocurrencies to buy in September 2024, and share our methodology and criteria for ranking crypto projects.

Best Crypto to Buy Now – A Detailed Analysis

We will begin our in-depth reviews of the best cryptocurrencies to buy now with the major cryptocurrencies that can provide the most reliable returns in the long term. We update our list based on market trends and performance as well as emerging efficiencies and adoption.

Each factor is weighted in our ranking method, indicating its importance in predicting success and reliability. This ensures that crypto assets with the strongest performance across all metrics are at the top of the list.

1. Bitcoin (BTC) – The original cryptocurrency, known as “digital gold”

Bitcoin is the world’s oldest cryptocurrency and the largest by a wide margin in terms of market cap. It is the only cryptocurrency officially recognized by many major governments, including the US – it is even used as legal tender in countries such as El Salvador.

The first Bitcoin ETFs began trading on the US stock exchange in 2024, sparking massive capital inflows. Other important events such as the US Federal Reserve’s interest rate cut can also significantly affect the price of Bitcoin.

Key Highlights:

Bitcoin price as of September 10, 2024: $57,325.97
Market cap: $1.09 trillion
Price change in last 24 hours: btc logo BTC +3.88%
Bitcoin price decreased with a change of -2.82% last week
Year-on-Year (YoY) Profit: +121.64%

2. Ethereum (ETH) — The First Blockchain for Smart Contracts and DApp Development

Ethereum is the world’s second largest crypto by market capitalization and the most widely used blockchain network for dApp development. The project was the first to introduce smart contracts when it launched in 2015.

Ethereum transitioned from PoW validation mechanism to PoS in 2022. The first Ether ETFs were approved earlier this year and began trading on July 23. Despite the initial net outflow, this could push ETH’s price to new highs.

Key Highlights:

Ethereum price as of September 10, 2024: $2,366.14
Market cap: $279 billion
Price change in last 24 hours: eth Logo ETH +1.96%
All-time high: $4,867.17
Ethereum price is down with a change of -6.02% in the last week
Year-on-Year (YoY) Profit: +46.03%

3. XRP (XRP) — Network for Fast, Low-Cost Cross-Border Transactions

XRP is the official crypto token of the Ripple payment network, which was created to make international payments faster and cheaper. The project is coming off a win against the SEC, which alleged that XRP was an unregistered security. XRP is now the 7th largest crypto by market cap.

Key Highlights:

XRP price as of September 10, 2024: $0.54
Market cap: $29.9 billion
Price change in the last 24 hours: xrp logo XRP +1.52%
All-time high: $3.92
XRP price has decreased in last week with a change of -4.68%
Year-on-Year (YoY) Profit: +9.18%

4. Solana (SOL) — Fast, low-fee Ethereum competitor

Solana is a fast and low-cost blockchain built as a challenger to Ethereum. It has been one of the most successful crypto tokens of the resurgent crypto bull market, with a +637.71% increase in value over the past 12 months. Solana is now the 5th largest crypto by market cap and still has significant growth potential.

Key Highlights:

Solana price as of September 10, 2024: $135.28
Market cap: $60.5 billion
Price change in the last 24 hours: sol logo SOL +4.17%
All-time high: $259.52
Solana price has increased with a change of +0.57% in last week
Year-on-Year (YoY) Profit: +637.71%

5. Binance Coin (BNB) — Binance Ecosystem Utility Token

BNB is the official cryptocurrency of Binance, the world’s largest crypto exchange. It offers discounts on trading fees and benefits like early access to crypto launches on Binance. It is the fourth largest crypto by market capitalization and has consistently performed strongly since the resignation of former CEO, Changpeng Zhao.

Key Highlights:

BNB price as of September 10, 2024: $521.82
Market cap: $73.7 billion
Price change in the last 24 hours: bnb logo BNB +2.78%
All-time high: $718.88
BNB price decreased with change of -2.40% in last week
Year-on-Year (YoY) Profit: +146.54%

6. Dogecoin (DOGE) – The Original Community-Driven Meme Coin

Dogecoin is the original meme coin, launched in 2013. It was largely unheard of until 2020-21, when it caught the attention of big celebrities, including Tesla founder Elon Musk.

Since Dogecoin’s explosive gains during the last bull market, it has inspired thousands of copycat meme coins — including highly successful ones like Shiba Inu and Pepe.

Key Highlights:

Dogecoin price as of September 10, 2024: $0.10
Market cap: $14.3 billion
Price change in the last 24 hours: doge logo DOGE +6.82%
All-time high: $0.73
DOGE price increased with change of +5.21% last week
Year-on-Year (YoY) Profit: +69.88%

7. Cardano (ADA) – Research-Driven, Sustainable Blockchain Platform

Cardano is a third-generation blockchain platform known for its scientific approach to development and emphasis on interoperability and sustainability. It uses a PoS consensus mechanism, which is much more energy efficient than the traditional PoW model used by older cryptocurrencies like Bitcoin.

Key Highlights:

Cardano price as of September 10, 2024: $0.34
Market cap: $12.3 billion
Price change in the last 24 hours: ada logo ADA +0.77%
All-time high: $3.10
Cardano price increased with change of +3.30% last week
Year-on-Year (YoY) Profit: +39.17%

Methodology: How We Rated the Best Cryptos to Buy Now

To curate this list of the best cryptos to buy right now, our crypto analysts have dedicated over 300 hours of research in total. They evaluated factors such as historical performance, long-term growth potential, current value, utility, and security. Here’s how we researched and weighed each criterion.

Market performance (25%)

Recent Price Trend: We evaluated the crypto price movement over the past week to 12 months, considering both short-term and long-term trends.
Market Capitalization: We looked at the overall market value of a cryptocurrency, as it reflects its position and importance in the market.

Utility and use cases (20%)

Practical Applications: We examined how cryptocurrency is used in real-world scenarios, considering whether it has unique features or applications that set it apart.
Technological innovation: We reviewed the underlying technology and any recent innovations that contribute to the cryptocurrency’s utility.

Community and Adoption (15%)

Community engagement: We analyzed the level of activity on social media, forums and community platforms because a colorful and engaged community often indicates strong support.
Adoption rate: Since high adoption rates suggest a broader ecosystem, we looked at how widely a cryptocurrency is accepted by merchants, businesses, and other users.

Development Team (15%)

Team Reputation: We investigated the track record and reputation of the development team. We don’t want to put any crypto projects by newcomers, but we can all agree that experience and success in previous projects adds credibility.
Transparency: We assessed how transparent the team was in sharing project updates, development progress, and challenges faced. The more the community knows about what’s going on, the more confident they can feel about their crypto purchases.

Security (15%)

Network Security: We examined the security features of the underlying blockchain technology, considering factors such as consensus mechanisms and resistance to attacks.
Past security incidents: We researched any historical security incidents or vulnerabilities, and analyzed how well the team handled and mitigated them.

Regulatory Compliance (5%)

Regulatory compliance: We examined whether the cryptocurrency complies with the legal and regulatory framework in the regions where it operates — a key factor for long-term sustainability.

Roadmap and Future Plans (5%)

Development Roadmap: A clear and well-defined roadmap can instill confidence in investors, so we’ve discussed a crypto’s future plans, upcoming updates, and milestones outlined in its development roadmap. Also reviewed.

Put together, the scores provided a comprehensive view of a cryptocurrency’s overall strength and potential, and allowed us to assign a percentage rating to each crypto recommended on this page.

What Is Cryptocurrency?

Cryptocurrency is a type of digital or virtual money that uses cryptography for security, making counterfeiting difficult. Unlike traditional currencies, cryptoassets operate without a central authority, such as a government or bank. Transactions are recorded on a digital ledger called a blockchain, which is maintained by a network of computers.

Bitcoin, launched in 2009, is the first and most popular cryptocurrency. Other examples include Ethereum and XRP.

Cryptocurrencies can be used for online purchases, investments and money transfers across borders without the need for traditional banking services. The value of cryptocurrencies can vary widely due to factors such as investor interest, regulation and technological development.