A crypto fund is a capital of cryptocurrencies that are well managed and are available to investors to replicate. It is managed by financiers or analysts who are veterans of the field.
A crypto fund can be said to be a bridge between crypto traders and crypto investors and helps them to generate profits. Here we have made the list of the top 7 crypto funds. Go through it to find the best investment option.
1. Bitcoin (BTC)
Bitcoin has a market cap of 1.4 trillion USD. BTC is the original cryptocurrency as it is the first crypto that was introduced to the general public. It was launched in 2009 by Satoshi Nakamoto. BTC has become the most popular crypto and its price is seeing a constant hike.
Currently, the price of one BTC is $72,295, whereas about 8 years back you could have one Bitcoin for $500. This shows a surge of 14,359% in its price.
You can buy Bitcoin from legit cryptocurrency exchanges such as Coinbase, Binance, Kraken, and Gemini or from traditional stockbrokers, BTC ATMs, Bitcoin ETFs, and more options are available.
2. Ethereum (ETH)
Ethereum has a market cap of 484.4 billion USD and has a unique token to pay for blockchain support. This can also be used for real-world transactions.
It was launched by Vitalik Buterin in 2015. ETH functions as a cryptocurrency as well as a blockchain platform. Ether (ETH) article is 3,979.64 USD. back in 2016, the price of ETH was just $11 and recently it reached a high of $4033 USD which is estimated to be a hike of 36565%. You can buy ETH from crypto exchanges such as Binance, OKX, Coinbase, eToro, Best Wallet, and more.
3. Tether (USDT)
USD Tether has a market cap of 102.4 billion USD. It is not a regular crypto coin but a stablecoin, which can be said to be a crypto designed to have a comparatively stable price.
It was created by Tether Limited in 2014. The stablecoins are pegged to a currency or a commodity that has a regular supply. USDT is baked by fiat currencies such as US Dollars and Euro.
The current price of USDT is 1.00 USD. You can buy YSD Tether from Binance, Kraken, Huobi, Mudrex, Coinbase, and from more crypto exchanges.
4. Binance Coin (BNB)
Binance Coin has a market cap of 79.2 billion USD. It was launched in 2017 by Changpeng Zhao. BNB is issued by the Binance exchange platform and is currently the native token of Binance Chain, the native blockchain of Binance.
You can use BNB to buy and sell things and also to exchange other cryptos and digital assets. The current price of BNB is somewhere around $530. However, its price in 2017 was only 0.10 USD. This makes a hike of 529,400%. You can buy BNB from cryptocurrency exchanges such as Conbase, and Coinmama, and many more options are there.
5. Solana (SOL)
Solana has a market cap of 67.0 billion USD. it was launched in 2020 by Anatoly Yakovenko. It hosts decentralized and scalable applications and SOL is its native cryptocurrency token.
In 2024, Solana stands as a platform with the largest majority of NFT volume. Upon its launch, SOL traded for a price of 0.77 USD, and by March 2024 reports SOL had reached a 151.15 USD value. This makes up a growth of 19,530%. Solana can be bought from all the major cryptocurrency exchange platforms.
6. XRP (XRP)
XRP has a market cap of 38.5 billion US dollars. XRP is the brainchild of the same engineers who are behind Ripple. XRP was developed with the aim of having more sustainability and to be specifically used for payments.
You can use XRP to exchange many cryptocurrencies and other types of currency such as fiat currency. The latest price of the coin suggests that XRP costs about 0.70 USD whereas in 2017 it was just 0.006 USD. This indicates a growth of around 11,600%. You can buy it from Binance and other exchanges.
7. U.S. Dollar Coin (USDC)
The U.S. Dollar Coin has a market cap of 30.4 billion USD. It is a stablecoin and is pegged to the US Dollar and maintains a relatively stable value and price.
It is powered by Ethereum. USDC was launched in 2018 by Centre, a consortium that is a venture between Coinbase and Circle. The coin was first announced by the peer-to-peer payment technology company Circle. 1 USDC is equivalent to 1.00 USD. it can be bought from BInnace, Coinbase, and many more platforms.
The Bottom Line
Here you have come across the list of the top 7 crypto funds in 2024. Crypto is seen as a good long-term investment and so far there have been many who made a fortune from crypto investments. However, note that the crypto market is highly volatile, and think thoroughly before you make the decision to invest in a particular crypto fund.
