Best Cryptocurrencies to Buy in June 2024

Explore these cryptocurrencies to buy in June 2024
Best Cryptocurrencies to Buy in June 2024

Newcomers find it challenging to navigate through the diverse range of online assets they can invest in due to the presence of traditional cryptocurrencies such as Bitcoin and Ethereum and other types of coins and tokens such as Tether and Dogecoin. To provide a compact list of possible options and focus on ten of the most popular ones, below you can find digital currencies by their market capitalization – the total worth of all tokens in circulation.

The following is the list of the best Cryptocurrencies to buy in June

Bitcoin (BTC)

Market cap: US$1. 3 trillion

Annual return: 145

Created in 2009 by the anonymous Satoshi Nakamoto, Bitcoin (BTC) is one of the best cryptocurrencies to buy in June and plays a prime role in the field of cryptology. Like most other cryptocurrencies, Bitcoin works on a distributed ledger system called the blockchain—a public ledger spread across numerous user computers in thousands. New blocks in this chain can only be added with a systematic and complicated cryptographic problem called Proof of Work, making the system safe against any ill-intentioned actions.

It is startling that Bitcoin, a type of currency, has gained such popularity that it has become common knowledge to many people. Focusing on the history of bitcoin's value changes in the market, it is possible to note that in May 2016, the price of one bitcoin reached approximately US$500.


Market value: US$469. 1 trillion

Annual growth rate: 105%

Ethereum is a platform for utilizing blockchain and its one of the best cryptocurrencies to buy in June. Programmers find it interesting because of its applications in various sectors, such as self-executing contracts – smart contracts – that activate on particular triggers and other novel digital assets that cannot be exchanged for anything else – non-fungible tokens or NFTs for short. Cryptocurrency has moved up significantly, and this growth has been rather considerable.

For instance, the value of bitcoin increased from around US$905 between April 2016 and May 20204, recording an increase of 35 397%. Ethereum is a decentralized platform software that works on a distributed public ledger using cryptography. It also has its cryptocurrency, Ether. Ether is used as a base for other digital currencies and in implementing and executing decentralized autonomous organizations.

The concept of Ethereum was introduced in a 2013 document by Vitalik Buterin. Buterin, together with his fellow founders, obtained financial backing for the initiative through an online public auction in the summer of 2014. The initiative's team successfully gathered $18.3 million in Bitcoin, and during the Initial Coin Offering (ICO), Ethereum's value was set at $0.311, with more than 60 million Ethers being sold. Considering Ethereum's current value, this indicates an annualized return on investment (ROI) of over 270%, which means your investment has nearly quadrupled every year since the summer of 2014.

Tether (USDT)

Market value: US$111. 9 billion

Annual growth rate: 0%

However, unlike other forms of digital currencies, Tether (USDT), as the name suggests, falls under the category of a stablecoin. This means that it is backed up by real-world currencies like the U.S. Dollars and the Euro, and everyone expects that it will continue holding value equal to these currencies. This characteristic from the theory reveals why its value is more stable than that of other digital tokens, making it attractive to investors who are weary of the high volatility observed in most cryptocurrencies.

Tether is one of the best cryptocurrencies to buy in June. It was created in 2014 and is an organization based on blockchain technology that is designed to provide users with an effective method of exchanging fiat currency in the digital world. Tether is not an ordinary project that aims at specifying a particular method of handling money, but it brings a new approach to the world of finance. In this context, Tether has evolved in its function by giving its users the chance to utilize traditional cash on the blockchain while avoiding the volatility and characteristics of all the existing cryptocurrencies.

Solana (SOL)

Market value: US$77.7 billion

Annual growth rate: 733%

Designed to support decentralized finance (DeFi) applications, decentralized applications (DApps), and intelligent contracts, Solana operates using a distinctive combination of proof-of-stake and proof-of-history systems for efficiency, and Tether has evolved in its function by granting its users the ability to utilize conventional cash on the blockchain and not expose itself to the volatility and other idiosyncrasies inherent in all other cryptocurrencies.

Binance Coin (BNB)

Market value: $88. 7 billion

Annual growth rate: 90%

Binance Coin (BNB) is an exchange token used by Binance, the largest cryptocurrency exchange in the world by daily volume. It was launched in 2017 and has grown to be more than just a means of payment within Binance. It has expanded to offer trading features, payment processing, and even travel services. Further, it can be easily converted to other cryptocurrencies such as Ethereum or Bitcoin.

Solana (SOL)

Market value: US$77. 7 billion

Annual growth rate: 733%

Intended for DeFi apps, DApps, and intelligent contracts, Solana uses both the proof-of-stake and proof-of-history consensus mechanisms to process transactions securely and promptly. Secure transaction processing. The platform's native token, SOL, is the driving force behind it. Upon its introduction in 2020, SOL's initial offering price was US$0.77. By the end of May 2024, its value had surged to approximately US$172.85, achieving a remarkable gain of 22,348%.

Solana stands out as a highly efficient open-source initiative that leverages the open-access aspect of blockchain technology to offer decentralized financial services (DeFi) solutions. The project's concept and early development stages kicked off in 2017, but the Solana Foundation, located in Geneva, Switzerland, formally introduced it to the world in March 2020.


Market value: $32. 5 billion

Annual growth rate: 0%

Like Tether, USDC is a stablecoin backed by the US dollar to maintain an association of one dollar to one USDC. Specifically, USDC is an ERC-20 type of digital currency operating on the Ethereum network and can be used to perform numerous transactions worldwide.

USDC is a cryptocurrency tied directly to the U.S. dollar, maintaining a 1:1 ratio. Zohara is conscious of the fact that another challenge she faces in her new position in Zain is the ratio. Every USDC coin that exists has a natural dollar backing, or more precisely, Physical cash and short-term U.S. issuer treasuries. The Centre consortium, which manages this asset, claims that licensed financial entities issue USDC.


Market value: $29. 5 billion

Annual growth rate: 11%

Optically, XRP was developed by the same group of creators as Ripple, a firm dealing with digital technology and payment processing solutions. This massive control applies within the network to enable them to process transactions involving various forms of money, including national currencies and otherwise essential digital currencies.

At the beginning of 2017, XRP was worth the pathetic $0. 006. And by May 28, 2024, its worth had increased to $0, as reflected in the graph below: 53, which means that the figures have risen by 8,772%.

Dogecoin (DOGE)

Market value: $23. 8 billion

Annual growth rate: 125%

Inspired as a joke in 2013 and named after the popular meme currency, Dogecoins now have a community, engagement, proper handling, and even proper memes. It is important to note that, unlike the majority of cryptocurrencies, Dogecoins have no maximum limit in terms of production, which may result in an overall drop in prices due to the digital currency's increasing accessibility.

It is also worth noting that in 2017, a single Dogecoin token was worth only US$0. 0002. However, it had increased to US$0 by May 2024. 16, an increase of 82,334% over the mean value of 2000.

Toncoin (TON)

Market value: US$22.3 billion

Annual growth rate: 236%

Initially created as a foundational blockchain for Telegram's secure messaging service, Toncoin was quickly shelved before being acquired by the TON foundation. The project was renamed from “Telegram Open Network” to “The Open Network,” both of which are recognized by their acronym: TON.

Toncoin, previously known as Gram, is TON's primary currency. It facilitates transactions, allowing users to purchase, transfer, and store funds on the network's super-fast, eco-friendly network.

Cardano (ADA)

Market value: US$16.4 billion

Annual growth rate: 21%

Cardano (ADA) joined the cryptocurrency world a bit later but stands out for its early adoption of proof-of-stake validation. This approach speeds up transaction times and reduces energy consumption and environmental impact by eliminating the competitive nature of transaction verification seen in platforms like Bitcoin. Cardano also functions similarly to Ethereum, supporting smart contracts and decentralized applications, which are powered by its native coin, ADA.

The ADA token from Cardano has seen a more moderate rise in value compared to other leading cryptocurrencies. Back in 2017, it was valued at just US$0.02. By May 28, 2024, its value had climbed to US$0.46, marking a rise of 2,195%.


How does cryptocurrency work?

Cryptocurrencies come in various digital forms, often rooted in blockchain technology. This technology enables many cryptocurrencies to operate as "trustless" transactions, meaning they don't rely on a central authority to manage them.

How many varieties of Cryptocurrencies are present?

Cryptocurrency is a growing field, boasting over 9,000 projects as of March 2024. While some cryptocurrencies serve as mediums of exchange, others are designed for building infrastructure. For example, Ethereum and Solana are platforms that allow developers to create additional cryptocurrencies, expanding the range of options available.

How to Choose the Right Cryptocurrency for Investment

Similar to any other investment, when deciding on a cryptocurrency to invest in, it's crucial to consider your objectives, the length of your investment horizon, and your risk tolerance. It's also essential to thoroughly research any cryptocurrency you're considering to ensure it's legitimate and secure.

What are the Guidelines for Reporting Cryptocurrency Income

When buying and selling digital currencies, it's crucial to consider the tax regulations applicable to cryptocurrency.

Digital currencies are classified as capital assets, similar to shares, instead of being considered as ordinary income. Consequently, if you sell your digital assets for a profit, you are liable to pay taxes on the capital gains. This applies regardless of whether you use your digital assets to make a purchase. Should you receive more money than you initially invested, you are responsible for reporting the excess as taxable income.

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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