The safest cryptos and risky cryptos 2024

Certainly! Let's delve into the world of cryptocurrencies and explore the safest options as well as some riskier ones in 2024. Keep in mind that the crypto market is highly volatile, and investing always carries risks. Here's a breakdown:

## Safest Cryptocurrencies for 2024

### 1. **Bitcoin (BTC)**

- **Market Cap**: $1.4 trillion

- **Year-over-year return**: 150%

- **Description**: Created in 2009 by Satoshi Nakamoto, Bitcoin is the original cryptocurrency. It runs on a secure blockchain network, making it resistant to fraud. Its price has skyrocketed over the years, reaching around $70,603 per Bitcoin as of April 9, 2024¹.

### 2. **Ethereum (ETH)**

- **Market Cap**: $434.8 billion

- **Year-over-year return**: 95%

- **Description**: Ethereum is both a cryptocurrency and a blockchain platform. Developers love it for its smart contract capabilities and non-fungible tokens (NFTs). Its price has surged from about $11 in April 2016 to around $3,621 in April 2024¹.

### 3. **Tether (USDT)**

- **Market Cap**: $107.1 billion

- **Year-over-year return**: 0%

- **Description**: Unlike other cryptocurrencies, Tether is a stablecoin backed by fiat currencies like the US dollar and the Euro. It aims to maintain a consistent value, making it less volatile than other coins¹.

## Riskier Cryptocurrencies for 2024

### 1. **Binance Coin (BNB)**

- **Market Cap**: $87.3 billion

- **Year-over-year return**: 87%

- **Description**: Binance Coin started as a trading and fee payment token on the Binance exchange. However, it has expanded its use cases beyond the exchange platform. While it has seen impressive growth, it still carries higher risk due to its specific use case¹.

### 2. **Altcoins with Upside Potential**

- **Description**: Around 100 new cryptocurrencies enter the market daily. Some gems can yield substantial returns, while others may fail. Research thoroughly and consider altcoins with innovative technology and strong fundamentals. However, be prepared for higher volatility⁴.

## Conclusion

Remember that investing in cryptocurrencies involves risk, and it's essential to do your due diligence. Diversify your portfolio, stay informed, and consider your risk tolerance before making any investment decisions. Happy investing! 🚀💰

For more detailed information, you can refer to the original sources:

- [Forbes Advisor: 10 Best Cryptocurrencies of April 2024](https://www.forbes.com/advisor/investing/cryptocurrency/top-10-cryptocurrencies/) ¹

- [InvestorPlace: The 2 Best and 1 Worst Cryptos to Buy and Sell in 2024](https://investorplace.com/2024/02/the-2-best-and-1-worst-cryptos-to-buy-and-sell-in-2024/) ²

- [Mudrex Learn: 5 Safest Crypto](https://mudrex.com/learn/5-safest-crypto/) ³

- [Techopedia: High Risk High Reward Crypto With Most Upside in 2024](https://www.techopedia.com/cryptocurrency/high-risk-high-reward-crypto) ⁴

- [CryptoNews: Is Cryptocurrency Safe? Risks and Safeguards to Consider in 2024](https://cryptonews.com/cryptocurrency/is-cryptocurrency-safe/) ⁵

Källa: Konversation med Bing, 2024-04-18

(1) 10 Best Cryptocurrencies of April 2024 – Forbes Advisor. https://www.forbes.com/advisor/investing/cryptocurrency/top-10-cryptocurrencies/.

(2) 10+ High Risk High Reward Crypto With Most Upside in 2024 - Techopedia. https://www.techopedia.com/cryptocurrency/high-risk-high-reward-crypto.

(3) The 2 Best and 1 Worst Cryptos to Buy and Sell in 2024. https://investorplace.com/2024/02/the-2-best-and-1-worst-cryptos-to-buy-and-sell-in-2024/.

(4) 5 Safest Crypto: Best Coins For Risk Adjusted | Mudrex Learn. https://mudrex.com/learn/5-safest-crypto/.

(5) Is Cryptocurrency Safe? Risks and Safeguards to Consider in 2024. https://cryptonews.com/cryptocurrency/is-cryptocurrency-safe/.