The Top 50 Cryptocurrencies of 2024: The Definitive List for the UK and the US

The cryptocurrency market has seen tremendous growth and evolution over the past decade. What started as an obscure digital asset with Bitcoin has ballooned into an entire industry with thousands of cryptocurrencies and tokens. 2024 looks like it will be a great year for the crypto landscape with reports suggesting that Bitcoin (BTC) will reach a new record high value of approximately £63,000/$79000 (€73,000) before settling at around £55,000/$88000 by the end of the year.

In this article, we will take a look at the top 50 cryptocurrencies as of 2024. The list contains a mix of established cryptocurrencies like Bitcoin and Ethereum, as well as newer players that have gained prominence over the last few years. We will examine what each cryptocurrency is, its purpose, technology, and potential outlook. 

The rankings are based on the cryptocurrency’s market capitalization or total value. Market cap is calculated by multiplying the price per coin by the total circulating supply. This gives us a rough idea of the overall size and importance of each cryptocurrency. Of course, the market cap fluctuates frequently due to price volatility. However, it remains one of the core metrics used to rank and compare cryptocurrencies.

Now let’s dive in and explore the top 50 cryptocurrencies for 2024!

50 Best Cryptocurrencies By Marketcap In 2024

1. Bitcoin (BTC)

As the first and most well-known cryptocurrency, Bitcoin retains its spot at #1 in 2024. Released in 2009 as open-source software, Bitcoin pioneered the technology of blockchain and decentralized digital currencies. It has a fixed supply of 21 million BTC, of which over 19 million are currently in circulation. Bitcoin hit an all-time high of £54312.35 in November 2021.

Bitcoin enables peer-to-peer transactions over the internet without the need for banks or third parties. Transactions are verified by network nodes and recorded on a public, distributed ledger called the blockchain. Bitcoins can be bought and sold on various exchanges and stored in crypto wallets. Their value has proven quite volatile through the years. However, the arrival of Bitcoin ETFs helps investors overcome this obstacle.

In 2024, Bitcoin remains the dominant store of value in crypto, with the highest market cap by far of any coin. After a cool down from the 2021 bull market, Bitcoin has consolidated and ranges between £30,000 to £50,000. Significantly higher highs and institutional adoption cement its status as “digital gold.” Bitcoin still faces challenges in scaling and environmentally friendly mining. But its brand and first-mover advantage make it the standard bearer of cryptocurrencies.

2. Ethereum (ETH) 

As the second largest cryptocurrency, Ethereum has cemented itself as a core player in the crypto space. Launched in 2015, Ethereum builds on Bitcoin’s innovation by also enabling smart contracts and decentralized applications (dApps) to be built and run without fraud or third-party interference. 

Instead of just transferring coins from one wallet to another, like on the Bitcoin network, Ethereum allows far more complex transactions and computing operations to take place decentralized. This powers use cases like decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and more.

The native currency of the Ethereum network is Ether coins (ETH). There is no hard cap on the supply of ETH. In 2022, Ethereum transitioned from a proof-of-work consensus mechanism to a proof-of-stake blockchain, with the intent of drastically improving transaction speeds, fees, and energy efficiency.

As the leading programmable blockchain, Ethereum underpins a large portion of the crypto ecosystem. The utility of ETH remains strong in 2024. It ranks as the second largest cryptocurrency. As blockchain adoption grows, Ethereum is poised to continue as the foundation for decentralized applications.

3. Binance Coin (BNB)

BNB (Binance Coin) is a cryptocurrency used on the Binance exchange platform. Launched through an initial coin offering in 2017, BNB now ranks among the top cryptocurrencies in 2024. It has a maximum supply of 200 million coins.

BNB is integral to the operation of the Binance ecosystem. It provides discounts on Binance exchange fees, can be used to pay transaction fees on Binance Chain and Binance Smart Chain, and provides access to token sales through the Binance Launchpad. BNB can be conveniently traded or converted to other cryptocurrencies on the Binance exchange.

In 2024, BNB remains an essential utility token for Binance users worldwide. As Binance continues expanding its offerings across crypto trading, DeFi services, NFTs, and more, BNB benefits from steady utility demand across a growing user base.

4. Tether (USDT)

Tether is a stablecoin pegged to the U.S. dollar, with each USDT token valued at $1. Stablecoins are cryptocurrencies designed to minimize volatility compared to regular cryptocurrencies like Bitcoin. Tether allows users to benefit from the speed and efficiency of cryptocurrency transactions while avoiding price fluctuations. 

Originally launched in 2014 as Realcoin, Tether rebranded and grew substantially as a way to provide liquidity and a dollar proxy within the cryptocurrency markets. It maintains its peg through reserves of U.S. dollars, bonds, and other assets. Tether tokens can be redeemed for the underlying fiat currency.

In 2024, Tether remains the most widely used stablecoin. It is supported on numerous major blockchains like Bitcoin’s Omni layer, Ethereum, Tron, and others. Controversies regarding its dollar reserves have dampened enthusiasm for Tether. But it still sees widespread use on exchanges by traders who want to avoid crypto volatility by parking funds in stablecoins.

5. Solana (SOL) 

Solana is one of the fastest growing cryptocurrencies in 2024. Dubbed an “Ethereum killer”, it is a highly scalable blockchain that can process up to 50,000 transactions per second. Solana manages high speeds by using a combination of proof-of-history and proof-of-stake consensus to process transactions in parallel. 

The native cryptocurrency of the Solana network is SOL. It saw massive gains in 2021 and 2022, starting from under $2 and surpassing $260 at its peak. Solana has quickly become a preferred blockchain for DeFi, NFTs, and Web3 projects due to its speed and low fees. Major ecosystems like Serum and Bonfida were built on Solana. On 16th February 2024, Solana integrated Filecoin on its blockchain to advance decentralized storage systems.

6. Ripple (XRP)

Ripple is both a cryptocurrency (XRP) and a payment network that aims to revolutionize cross-border payments. The Ripple network utilizes XRP to facilitate transfers between different fiat currencies. This allows for much faster and cheaper international transactions compared to traditional avenues like SWIFT.

Ripple has partnered with over 200 financial institutions to enable global payments on its network. XRP has touted itself as one of the fastest and most scalable digital assets. In 2024, it solidifies its place as a top 10 coin. With Ripple aggressively expanding the use of its technology into new geographies and payment corridors, XRP sees continued use for lubricating global financial flows.

7. Cardano (ADA)

Designed as a next generation smart contract platform, Cardano aims to solve issues of scalability, interoperability, and sustainability faced by earlier blockchains. It utilizes the energy efficient proof-of-stake (PoS) consensus mechanism rather than Bitcoin’s electricity-intensive proof-of-work. 

The native token of the Cardano network is ADA, named after mathematician Ada Lovelace. After substantial research and years of development, Cardano launched smart contract functionality in 2021. It is now building out its DeFi and dApp ecosystem as a challenger to Ethereum.

Backed by a devoted team of engineers and academics, Cardano has steadily built itself into a top 10 cryptocurrency by 2024. The network continues to roll out upgrades and integrations. With its methodical and research-driven approach, Cardano aims to create a global blockchain that can sustainably scale to mass adoption.

8. USD Coin (USDC)

Along with Tether, USD Coin is a leading stablecoin pegged 1:1 to the U.S. dollar. Launched in 2018, it has become a popular stablecoin backed by fully reserved assets and regular attestations of its reserves. USD Coin is managed by the CENTRE consortium, founded by Circle and Coinbase.

USDC operates on multiple blockchains, including Ethereum, Algorand, Stellar, Solana, and TRON. On supported blockchains, it can be seamlessly exchanged into other cryptocurrencies like Bitcoin and ETH. USDC has transparently attested reserves, regulatory compliance, and an ecosystem of partners that enable its use in DeFi, lending, and digital payments.

In a fast-growing stablecoin market, USDC establishes itself as a top 10 cryptocurrency in 2024. It benefits from booming demand for liquidity and stability amidst the volatility of the crypto markets. As more platforms support USDC, it continues gaining ground as an alternative to Tether.

9. Avalanche (AVAX) 

Avalanche is a layer one blockchain that competes with Ethereum to be the primary platform for decentralized applications. Calling itself the “platform of platforms”, Avalanche aims to be blazingly fast, low-cost, and environmentally friendly. It can process over 4,500 transactions per second with sub-second confirmation times.

The native token of the Avalanche platform is AVAX. It initially launched trading in 2020 at just $3.25 per coin. AVAX saw stratospheric growth through 2021 and 2022, propelled by strong DeFi and NFT activity on Avalanche. It briefly peaked above $140 in late 2021.

In 2024, Avalanche maintains itself as a top 10 cryptocurrency and “Ethereum killer” contender. Developers are attracted to building on Avalanche for its high speed, low fees, and EVM compatibility for easy migration from Ethereum. With innovations in scalability through subnets, Avalanche continues carving out its niche in the fragmented crypto landscape.  

10. Dogecoin (DOGE)

Dogecoin stands out as a top 10 cryptocurrency that is more of a meme than a serious blockchain platform. Originally launched in 2013 as a joke, Dogecoin models itself after the “doge” internet meme of a Shiba Inu dog. Against all odds, it has soared into the ranks of most valuable cryptocurrencies.

At its core, Dogecoin operates like Bitcoin and Litecoin as a decentralized peer-to-peer payment system, albeit with very little real world usage. The cryptocurrency has a circulating supply of 132 billion coins, allowing for smaller transaction denominations. Dogecoin’s popularity is mostly tied to Tesla CEO Elon Musk promoting it on social media to his legions of fans.

Thanks to Musk and the power of memes, Dogecoin has achieved a stunning market cap. Copious supply keeps its price low, fluctuating between 2 and 5 cents per coin. Dogecoin serves as an example that almost anything can attain value if enough people believe in it. The meme coin continues to defy skeptics and cement its place among the top cryptocurrency ranks.

11. Chainlink (LINK) 

Chainlink distinguishes itself as a decentralized oracle network that securely supplies external data to smart contracts on blockchains. Launched in 2017, Chainlink finally fulfilled the long sought after goal of connecting real world information into smart contracts in a trusted manner.

LINK is the native token of the Chainlink network. Operators stake LINK tokens in order to be selected to run oracle nodes and fulfill requests for external data. LINK also helps secure user deposits and facilitates governance mechanisms. It has become the dominant oracle token based on the total value staked on its platform.

In 2024, Chainlink remains a firmly established top 15 cryptocurrency serving the booming DeFi sector. As more real-world events and existing IT systems are ported into blockchain environments, Chainlink enables this data to trigger smart contract execution. This creates value for the LINK token and cements Chainlink as a key crypto infrastructure provider.

12. Polkadot (DOT) 

Polkadot aims to be a fully interoperable protocol for connecting various specialized blockchains into a unified network. Founded in 2016 by Ethereum co-founder Gavin Wood, Polkadot’s core component is its relay chain that coordinates consensus and communication between interconnected parachains.

DOT is the native token of the Polkadot network and serves three key purposes: governance, operations, and creating parachains by bonding DOT. The Polkadot mainnet wasn’t launched until 2020, with major upgrades continuing through 2022. In 2024, Polkadot reaches maturity with over 50 parachains deployed.

By enabling a networked “web of blockchains”, Polkadot solves major issues of scalability, interoperability, governance, and upgradeability. As of 2024, it has cracked the top 15 crypto market caps as parachain auctions drive demand for DOT tokens. Polkadot has firmly established itself as a core Web3 building block.

13. Polygon (MATIC) 

Previously called Matic Network, Polygon seeks to provide an interoperability framework for Ethereum-compatible chains to interact with each other. It functions as a “layer 2” scaling solution built on top of Ethereum that offers faster and cheaper transactions. Polygon achieves scale through side chains connected to the main Ethereum blockchain.

The native cryptocurrency of the Polygon ecosystem is MATIC tokens. It launched in 2019 priced at around $0.003 before surging to a peak of $2.70 in December 2021. Polygon has quickly become the dominant L2 scaling solution, with over 7,000 decentralized applications running on it.

In 2024, Polygon continues playing a central role in scaling Ethereum to achieve wider adoption. Projects utilize Polygon side chains to avoid congestion and high fees on the Ethereum mainnet. Polygon establishes itself as the de facto standard for Ethereum L2 solutions.

14. Uniswap (UNI)

Uniswap pioneered the concept of an automated decentralized exchange on Ethereum. Using self-executing smart contracts, Uniswap allows anyone to seamlessly trade ERC-20 tokens without intermediaries. V3 launched in May 2021, incorporating concentrated liquidity and multiple fee tiers.

UNI is the native governance token of Uniswap distributed to community members. Token holders can vote on protocol changes and other proposals. Uniswap rose to prominence thanks to its easy token swaps, unlocking wider DeFi growth. In 2024, it remains the largest decentralized exchange.

Uniswap continues iterating through developer grants, decentralized governance, and integrating with L2 solutions like Optimism. Uniswap has cemented itself as a core DeFi building block and “automated market maker” for trustless token trading.

15. Shiba Inu (SHIB) 

SHIB is the native cryptocurrency of the Shiba Inu ecosystem started in August 2020. It launched as one of the earliest meme coins seeking to replicate Dogecoin’s success. Despite having zero utility, SHIB’s popularity soared as it gained listings on major exchanges like Binance, Coinbase, and Kraken.

The SHIB token is inspired by the Japanese Shiba Inu dog breed, Dogecoin’s mascot as well. 1 quadrillion tokens were minted at genesis and over half have already been burned. In 2024, SHIB maintains a top 20 market cap purely from social media hype and speculative mania.

Shiba Inu coins have virtually no use cases beyond trading on exchanges. But SHIB persists as a leading meme coin through 2024, continuing to confound analysts. SHIB benefits from surging activity and prices when exchanges first list it in new regions like Africa and Asia. The power of memes keeps SHIB firmly among the top cryptos.

16. Filecoin (FIL)

Filecoin operates as a decentralized storage network on blockchain. Participants can earn FIL tokens by providing spare hard drive space to store data. Retrieval miners then compete to deliver this stored data back to clients. This creates a closed loop system for efficient storage and retrieval.

Launched in 2017 after a record $257 million ICO, Filecoin mainnet finally went live in 2020. In 2024, Filecoin continues to gain ground as a leading Web3 cloud storage solution. Despite handling over 5 exabytes of storage, Filecoin has room to scale as storage demand grows exponentially.  

Filecoin’s value proposition is directly tied to realizing real world storage usage rather than speculation. With storage needs ballooning in the 2020s, Filecoin and FIL tokens help fulfill a growing data storage use case.

17. Cosmos (ATOM)

Cosmos bills itself as the “internet of blockchains” – an interconnected ecosystem of various independent blockchains that can communicate with each other in a decentralized manner. The Cosmos hub operates as an interchain communication protocol, allowing blockchain interoperability.

The native token that powers the Cosmos network is ATOM. ATOM tokens serve as a medium of exchange and enable access to advanced features of Tendermint Core. Blockchains that connect to the Cosmos Hub must stake ATOM as collateral to access the interchain services.

As of 2024, Cosmos has over 250 decentralized app chains connected to its hub. Cosmos enables seamless interoperability between blockchains to advance a multi-chain future rather than a monopolistic “one chain to rule them all” paradigm.

18. Optimism (OP) 

Optimism is an optimistic rollup-based Layer 2 scaling solution for the Ethereum blockchain. Using a technique called optimistic rollups, Optimism bundles or “rolls up” transactions off-chain while relying on the security of the Ethereum mainnet. This enables significant improvements in transaction throughput and lower gas costs for Ethereum-based applications.

The native token of Optimism is OP. Holders can stake OP to become rollup operators, take governance actions, and earn fees from transaction processing. Optimism has quickly emerged as a leading L2 scaling solution alongside Arbitrum and Polygon. 

In 2024, Optimism maintains its status as a top 20 crypto asset. As Ethereum gas prices fluctuate, developers leverage Optimism as a scaling and cost solution for DeFi, NFTs, and other Ethereum-native apps that require fast and cheap transactions. The utility and adoption of Optimism continues growing as projects seek to optimize L2 technologies.

19. Near Protocol (NEAR)

Near Protocol is a layer one blockchain built on an entirely new codebase designed to handle the scale required for mainstream adoption. Near uses “Nightshade” sharding to achieve high transaction throughput without compromising decentralization and security.

The native token of Near Protocol is also called NEAR. It allows holders to participate in staking and governance of the Near blockchain. After launching in 2020, Near has quickly gained traction with developers seeking to build high-performance decentralized apps.

In 2024, Near Protocol joins the ranks of the top 20 cryptos. Its ecosystem continues to expand around stablecoins, DeFi, NFTs, and more. With innovations like Nightshade and developer-friendly tooling, Near has emerged as a prominent next-generation blockchain and “Ethereum-killer” contender.

20. Hedera (HBAR)

Hedera distinguishes itself as an enterprise-focused public network targeting mainstream adoption across multiple industries. It utilizes the Hashgraph consensus algorithm touted to enable blazing fast throughput and fair access. Major corporations like Google and IBM are council members.

The native cryptocurrency of Hedera is HBAR. Hedera completed its mainnet rollout in September 2021 after spending years in development. In 2024, it continues building real-world use cases in supply chain tracking, digital identity, tokenized assets, decentralized file storage, and more.

Hedera positions itself as ready for large-scale adoption by enterprises. With the network now fully operational, 2024 may be the year more significant applications launch on Hedera and translate its tech strengths into tangible value creation.

21. Aptos (APT) 

Aptos is a new layer one blockchain built by ex-Meta engineers focused on speed, safety, and scalability. It uses a proof-of-stake consensus mechanism called HotStuff combined with its unique parallel execution and state partitioning called “shards”. 

The native token powering the Aptos blockchain is APT. Aptos mainnet went live in October 2022 with major backing from FTX exchange. It’s touted itself as a next-generation “community-governed” blockchain for DeFi, NFTs, and web3 applications.

Still less than two years old in 2024, Aptos has amassed a huge market cap to rank among the top cryptos. With powerful backers and deep-pocketed financial support, Aptos continues executing on its vision of a massively scalable, community-driven blockchain. As usage of its network ramps up, Aptos solidifies itself as a rising star among layer one competitors.

22. Stellar (XLM)

Stellar is an open network that allows fast, low-cost financial transactions between different cryptocurrencies. The Stellar Development Foundation aims to promote global financial access, literacy, and inclusion. It connects banks, payment systems, and users together on one platform.

The native asset of the Stellar network is Lumens (XLM). Stellar operates as a decentralized exchange where users can store and trade multiple currency types. Stellar has positioned itself as an enterprise blockchain for institutional transactions and cross-border payments.

Launched in 2014, Stellar is a battle-tested network at scale while many competitors have failed to materialize. XLM consistently ranks among the top 25 cryptocurrencies. Stellar has successfully carved out a niche in global payments that validates its long-term staying power.

23. Lido (LDO)

Lido provides liquidity to Ethereum 2.0 by allowing users to stake ETH while receiving stETH tokens in return. This avoids locking up Ether until Eth2 launches fully while enabling holders to participate in the validation of the new proof-of-stake blockchain.

LDO is the native governance token of Lido. It is distributed to ETH stakers on the platform and allows holders to vote on proposals. In 2024, Lido remains dominant with around 25% of all Ether staked with over 6 million ETH total. The protocol manages around $3 billion in assets.

As Ethereum’s transition to proof-of-stake progresses, Lido becomes a vital gateway for users to stake ETH both to secure the network and earn rewards. LDO emerges as a top 25 crypto asset as Eth2’s merge gains clarity and validation continues expanding.

24. Arbitrum (ARB)

Along with Optimism, Arbitrum represents another leading optimistic rollup-based layer 2 solution for Ethereum scaling and low cost transactions. It uses “Optimistic Virtual Machine” technology to achieve latency comparable to L1 blockchains with Ethereum-level security guarantees.

The Arbitrum network has its own native token, ARB. It is used to reward miners for operating Sequencer nodes which batch L2 transactions and publish data to Mainnet. Arbitrum experienced explosive growth after launching to mainnet in 2021. 

With developer friendly options and attractive pricing, Arbitrum establishes itself firmly as a top scaling solution alongside Optimism. 

25. Maker (MKR)

Maker is a decentralized finance protocol that allows users to issue and manage the DAI stablecoin through collateralized lending. Users lock collateral assets in smart contracts to generate DAI. MKR tokens govern the protocol and accrue fees from stability mechanisms.

Maker was one of the earliest DeFi building blocks deployed on Ethereum, launching after multi-year research in late 2017. MKR token holders can vote on risk parameters and other governance matters related to managing the DAI stablecoin issuance. 

In 2024, Maker remains a leading DeFi primitive. Maker continues filling a vital role in the expanding DeFi space by enabling a trustless stablecoin issuance completely on blockchain.

26. Algorand (ALGO) 

Algorand is a blockchain network utilizing the energy efficient proof-of-stake consensus model. It was founded in 2017 by MIT professor Silvio Micali, who also created zero knowledge proofs. Algorand can support over 1,000 TPS and has quick 4 second block finality.

The native cryptocurrency powering the Algorand blockchain is ALGO. In addition to enabling network security through staking, ALGO is used to pay for transactions fees and participate in Algorand DeFi services. Algorand aims to create an accessible chain for real world financial applications.

In 2024, Algorand is firmly positioned as a top 30 cryptocurrency project. With strong development momentum and an emphasis on usability, Algorand sees increasing adoption for tokenized assets, decentralized finance, NFTs, and institutional blockchain services. 

27. Aave (AAVE)

Aave is a decentralized finance protocol that enables peer to peer lending and borrowing of cryptocurrencies using smart contracts. Users can lend their assets and earn interest or borrow assets by putting up collateral. No intermediaries are required for these fully decentralized money markets on Ethereum.

AAVE is the governance token of the Aave network. It allows holders to direct the development of the protocol and benefit from fees generated by transactions. Originally launched in 2017 as ETHLend, Aave has grown to become a dominant DeFi money market.

By 2024, Aave maintains its status as a blue-chip DeFi protocol managing nearly $10 billion in TVL while ranking among the top 30 cryptocurrencies. As decentralized finance expands, Aave provides an essential service for unlocking liquidity and earning yield on crypto assets.

28. Flow (FLOW)

Flow is a blockchain designed specifically for NFTs and gaming applications. It utilizes the HotStuff consensus mechanism for low latency and high throughput. Flow also supports user-friendly features like account recovery that enhance usability. Major partners include NBA Top Shot and UFC.

The native token FLOW fuels the network by incentivizing node operators that serve blockchain data and confirm transactions. Launched in 2019, Flow provides significant scalability improvements over conducting complex computations like NFT minting directly on Ethereum.

With its developer friendly approach and high profile partnerships, Flow establishes itself as a leading blockchain for NFTs, games, digital collectibles and Web3 apps. 

29. Starknet (STRK)

Starknet is a permissionless decentralized ZK-Rollup operating on Ethereum. It bundles transactions off-chain and generates ZK proofs to enforce validity while saving computation and storage needs on L1. Starknet enables 9-15x scalability gains for Ethereum compatible environments.

The native token for the Starknet ecosystem is STRK. It is used to pay transaction fees on Starknet and as a work token for STARK miners generating ZK proofs. Holders also receive fees when others bridge assets between Ethereum and Starknet.

Launched in mainnet alpha in 2021, Starknet gains significant momentum by 2024 as projects seek high scalability with assured data validity. Starknet overcomes limits of transacting directly on Ethereum without security compromises. 

30. Worldcoin (WLD)

Worldcoin distinguishes itself among the top cryptocurrencies through attempting to literally onboard every human on Earth onto its network. The project launched in 2021 and sends users the high tech “Orb” device to scan their iris to receive free WLD tokens while preventing duplicate signups.

Controversies aside around privacy concerns of the iris scans, Worldcoin suffers from the chicken-and-egg issue in 2024 as adoption lags. But with big backers, VC funding, and an ambitious vision, Worldcoin cracks the top 30 cryptos based on future potential. Mass adoption remains a huge challenge though. 

31. Fantom (FTM)

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance services. Fantom aims to solve issues of scalability, security, and decentralization through utilizing a DAG architecture and Lachesis consensus instead of a conventional blockchain.

The native cryptocurrency for the Fantom Opera network is FTM. Fantom uniquely has a single node type that takes on different roles. This allows it to achieve high transaction throughput and speeds exceeding Ethereum.

Originally launched in 2018, Fantom continues gaining developers and usage in 2024 for its fast finality times and 300,000+ transactions per second. As blockchain congestion grows into a pressing problem, Fantom’s scalability sees it enter the top cryptos.

32. Helium (HNT)

Helium operates as a decentralized wireless network, with thousands of nodes providing coverage by connecting to Helium hotspots. Operators earn HNT, while devices leverage Helium’s long range wireless protocol to exchange data. This provides an alternative to relying on traditional mobile and WiFi networks.

The native cryptocurrency HNT powers the network. It is minted as a reward when hotspots provide wireless coverage and relay device data. Helium launched in 2019 and sees massive growth as the “people’s network” expands globally through 2024. Over 1 million hotspots now provide Helium wireless connectivity.

As Helium coverage reaches nationwide ubiquity in some countries, HNT establishes itself as a valuable token for accessing the network. Bridging crypto with wireless networks unlocks new models of connectivity.

33. Tezos (XTZ)  

Tezos distinguishes itself as a self-upgradable blockchain that can evolve over time without hard forks. Stakeholders vote on upgrades to the core protocol or “amendments” to implement new features and fixes. Tezos uses delegated proof-of-stake and aims to offer infrastructure for smart contracts and decentralized applications.

The native cryptocurrency for Tezos is XTZ. Token holders can participate in governance votes by delegating their share to bakers who create and validate new blocks. Launched in 2018 after a record $232 million ICO, Tezos continues gaining traction as an alternative smart contract platform.

In 2024, Tezos cements itself as a top 35 crypto asset project as developer activity expands. With its built-in upgrade mechanisms, strong community, and institutional interest, Tezos sees growing adoption for NFTs, DeFi, and tokenization of real world assets. 

34. Ronin (RON) 

Ronin is an Ethereum sidechain built specifically to power gameplay for the popular blockchain game Axie Infinity. It uses a proof-of-stake consensus model and bridges back to the Ethereum mainnet. Ronin provides superior throughput needed for a high demand game like Axie.

The RON token coordinates the game economy between players, validators, and creators. RON is used to pay for transaction fees on Ronin sidechain and facilitate staking. Despite a major hack in March 2022, Ronin recovers to establish itself as a niche sidechain for blockchain gaming.

Fulfilling the specific use case of supporting a top blockchain game, RON joins the ranks of top 35 cryptocurrencies. As Axie Infinity evolves and expands gameplay functionality, transaction volume on Ronin keeps RON valuable. This showcases niche sidechains validating real world usage.

35. SingularityNET (AGIX)

SingularityNET operates as a decentralized marketplace for artificial intelligence algorithms and services. Participants can monetize AI technology while companies and developers leverage a network of AI tools. It is governed by participants without centralized oversight.

AGIX is the native utility token of the SingularityNET protocol. It is used for settling transactions when AI services are bought and sold on the platform. SingularityNET launched its beta platform on Ethereum in 2019 after a successful $36 million ICO.

In 2024, SingularityNET establishes itself as a leading AI marketplace, ranking among the top 35 cryptocurrencies. As AI becomes increasingly commoditized, SingularityNET offers an open model for AI agents to directly monetize their models rather than rely on big tech middlemen. 

36. SATS Ordinals (SATS) 

SATS Ordinals is a social-technical experiment in reshaping status and prestige outside of traditional wealth. Inspired by Ordinals game theory, each SATS denomination is capped at 1,000 units. Lower numbers confer higher perceived status even without financial value.

Despite no direct utility, SATS Ordinals gain cultural traction globally as an alternative social signal free from money. Owning low SATS numbers becomes a mark of pride. With 10 denominations from SATS to SATOSHIS, the total capped supply is just 10,000.

As SATS gets perceived as the “gold standard” for reputation, early movers gain status. SATS exemplifies the “social graph” of crypto assets that could emerge once society moves past speculation mania. Not all crypto valuation has to be capitalistic.

37. Fetch.ai (FET)

Fetch.ai aims to build an open access, tokenized AI machine learning network secured on blockchain. The project wants to enable decentralized collective intelligence by connecting various autonomous agents in an open economy.

The native utility token of Fetch.ai is FET. The Fetch.ai ledger utilizes it along with staking and governance-related purposes. After launching mainnet in 2019, Fetch.ai builds momentum as one of the leading projects trying to converge AI and blockchain technologies.

In 2024, Fetch.ai succeeds in unlocking new AI coordination models and establishing itself as a top 40 cryptocurrency. Bridging two cutting edge technologies of AI and blockchain remains extremely challenging, but Fetch.ai’s continued growth validates its innovative approach to decentralized intelligence.

38. Quant (QNT) 

Quant Network is developing the Quant blockchain to connect blockchains and networks globally without intermediaries. This interoperability layer aims to enable seamless communication between different distributed ledger technology (DLT) systems.

The native utility token powering the Quant network infrastructure is QNT. It can be used to pay fees, secure the network through staking, and enable access licensing. After its ICO in 2018, Quant focused on courting enterprise and institutional partners rather than hyping its token price during the crypto bubble.

This long term focus pays dividends by 2024 as Quant technologies prove valuable for simplifying complexity in connecting enterprise systems. As interoperability solutions draw greater attention, QNT rises into the top 40 cryptos. Real world utility trumps speculation.

39. Celestia (TIA)

Celestia is a scalable data availability network securing the interoperable deployment of modular blockchain apps and digital assets. It consists of a core blockchain that handles validity proofs combined with dedicated data storage nodes called “modular blockchains”.

TIA is the native staking token securing the Celestia network. It launched in 2022 and raised $30 million from investors including a16z Crypto. Celestia aims to become the premier interoperability solution and decentralized data platform for hundreds of application specific blockchains. 

In 2024, Celestia gains strong momentum as projects seek easy bridging. As blockchain interoperability and modular architecture gain traction, Celestia fulfills a key niche. TIA enters the top crypto ranks validating Celestia as the internet of blockchains continues maturing.

40. OKB (OKB) 

OKB is the utility token underpinning the OKX cryptocurrency ecosystem (formerly OKEx). OKB provides holders with discounts on trading, access to exclusive features, staking rewards, and governing rights on the OKX platform. 20% of OKB fees are burned quarterly to reduce supply.

Originally an ERC-20 token in 2017, OKB migrated to its own public blockchain in 2019 called OKChain. The supply reaches about 300 million OKB by 2024 as ongoing token burns offset the inflationary staking rewards. OKX remains a top global crypto trading platform.

Loyalty schemes and incentivizing exchange usage with tokens remains an effective model pioneered by Binance with BNB. OKB retains strong utility and liquidity on OKX as overall volumes continue climbing.

41. Injective (INJ) 

Injective Protocol is a decentralized layer-2 exchange protocol that operates a fully permissionless DEX for crypto assets with order matching off-chain. This architecture unlocks high speed trading without congesting the underlying blockchain.

The native token INJ enables governance of the protocol, staking as collateral for security, and community rewards. Injective uniquely offers decentralized spot and derivatives trading, positioning itself as a high performance yet trustless exchange.

In 2024, Injective establishes itself as a top derivatives exchange in DeFi, on-ramping professional traders with a decentralized alternative to incumbent platforms. INJ breaks into the top crypto ranks as volume and adoption continue accelerating.

42. First Digital USD (FDUSD)   

FDUSD operates as the first live implementation of a US central bank digital currency after the Federal Reserve pilots a digital dollar. It coexists with physical cash but provides a natively electronic equivalent of central bank money. FDUSD proves immensely popular domestically with massive scale.

The unprecedented launch of a major world digital currency vaults FDUSD into the top 50 cryptos in 2024 based on broad mainstream use. However, its value stays pegged to $1 as intended by monetary policy, rather than fluctuating like decentralized cryptocurrencies.

Major questions around global reserve currency status, cross-border interoperability, and long-term impact on monetary policy still loom. But the debut of FDUSD signals a new era for currency going digital even from major central banks like the Federal Reserve. This milestone dwarfs speculative crypto assets.

43. Pyth Network (PYTH)

The Pyth network is a specialized oracle designed to provide high fidelity financial market data to DeFi applications. It sources real-time prices from major exchanges and makes them available on-chain. Pyth positions itself as a reference price provider across digital assets and stocks.

PYTH is the native token that coordinates the Pyth network. Holders can delegate their tokens to publishers who run the oracle nodes. Crypto projects need reliable, tamper-proof price data to build next generation DeFi products.  

In 2024, Pyth establishes itself among the most widely integrated oracle solutions in crypto. The growth of DeFi unlocks commensurate demand for specialized oracles like Pyth.

44. PancakeSwap (CAKE)

PancakeSwap is a decentralized exchange for swapping BEP-20 tokens on Binance Smart Chain. Its automated market maker model and liquidity pools mimic Uniswap. PancakeSwap offers faster and cheaper trades than transacting directly on Ethereum.

CAKE is the native governance token of PancakeSwap. Users can stake CAKE to provide liquidity and earn a portion of the trading fees. PancakeSwap emerged as a breakout DeFi protocol in 2021 by taking advantage of cheap and fast transactions on BSC.

By 2024 PancakeSwap cements itself as a top DEX with trading volumes often exceeding its rival Uniswap. As a BSC leader, CAKE market cap reaches $2 billion based on valuable governance rights over PancakeSwap. Even as Ethereum congestion eases, Binance Smart Chain retains niche use.

45. Jupiter (JUP) 

Jupiter is a lending protocol and stablecoin on Terra blockchain which is based on the LUNA cryptocurrency. Jupiter users can mint the USDJ stablecoin by collateralizing LUNA. Jupiter helps expand use cases for LUNA and enhance liquidity across Terra stablecoins. 

The Jupiter protocol is governed by JUP, which is used to direct treasury and parameters. Jupiter launched in 2021 as native stablecoin infrastructure for Terra, which overtook its previous UST coin. Despite LUNA’s collapse, Jupiter prevails as core DeFi plumbing relied on by Terra’s rebranded ecosystem.

In 2024 Jupiter maintains dominance as the leading decentralized stablecoin protocol for creating USDJ on Terra. JUP joins the top crypto ranks with nearly a huge market cap stemming from greens in managing collateral and bootstrapping stablecoin usage.

46. 1inch (1INCH)   

1inch is a decentralized exchange (DEX) aggregator and infrastructure platform for the Ethereum blockchain and its forks. 1inch uses path routing algorithms to get optimal swap rates across multiple liquidity pools and DEX protocols.

The 1INCH token governs the protocol and is used for fee distribution back to liquidity providers on the platform. 1inch stands out for pioneering innovations like gasless transactions, DEX aggregation, and lossless ticket swapping.

As a top DEX enabler in DeFi, 1INCH breaks into the top cryptocurrency ranks in 2024. 1inch continues to facilitate convenience and optimal pricing for traders through dark pools and other unique liquidity solutions.

47. Celo (CELO)   

Celo is an open platform utilizing mobile-first DeFi to make financial tools accessible globally on smartphones. Using a novel address system, users can send crypto to phone numbers rather than long addresses. Stablecoins help avoid volatility.

CELO is the native asset providing governance, staking, and utility for users of the Celo ecosystem. Launched in 2020, Celo aims to be the most user-friendly DeFi platform enabling mainstream mobile adoption through innovations.

In 2024 Celo will reach millions of smartphone users, especially in emerging markets, thanks to easy onboarding. CELO achieves a large market cap by fulfilling the vital role of bringing DeFi and crypto to mobile phones. User experience determines wide accessibility.

48. Kusama (KSM)

Kusama is a canary network for Polkadot focused on highly experimental and early stage blockchain projects. The network lets developers build and deploy decentralized apps before deploying them on the more valuable Polkadot Relay Chain.

KSM is the native governance token of the Kusama network. The token is used for staking, validating, and paying transaction fees. Think of Kusama like a sandbox environment for testing possible functionality destined for the Polkadot mainnet integration.

After launching in mid-2019, Kusama serves as a testnet for wild innovations that eventually migrate to Polkadot. This creativity fuels demand for the KSM token, which breaks into the top 50 cryptos. Real functionality and code triumphs speculation.

49. Compound (COMP)

Compound is a DeFi lending protocol allowing users to borrow or lend cryptocurrencies. Lenders earn COMP token rewards based on the interest accrued by borrowers. Compound autonomously functions entirely on the Ethereum blockchain.

COMP is the governance token of the Compound protocol, which launched in late 2018. COMP holders can propose and vote on protocol changes that are automatically implemented via smart contracts if passed. Millions in assets are supplied across various crypto lending pools.

In 2024, Compound maintains its status as a top DeFi money market. As one of the sector’s pioneers, COMP reaches a huge market cap through valuable governance rights over Compound and fees generated from evergreen lending activities.

50. Sushi (SUSHI) 

Sushi is a popular decentralized exchange running on Ethereum that allows users to swap tokens and earn rewards via yield farming. SUSHI token holders receive a share of the revenue earned by the protocol through trading fees. 

SUSHI serves as the governance token for SushiSwap. Token holders can participate in governing decisions over parameters like developer funds and project direction. Sushi distinguished itself early on through innovations like vampire mining.

Despite its unconventional beginnings with a pseudonymous creator who cashed out, SushiSwap retains strong community support and usage into 2024.

Top 50 Cryptocurrencies Set To Explode in 2024: Our Verdict

The cryptocurrency ecosystem continues rapidly evolving each year with new disruptive projects and technology breakthroughs. But the composition of the top tier cryptocurrencies by market cap changes more gradually. 

In 2024, Bitcoin remains the dominant digital asset both as a store of value and gateway cryptocurrency for the broader crypto market. Ethereum retains its critical role as the primary smart contracts platform, even as “ETH killer” rivals grab niche use cases. 

Stablecoins like USDT, USDC, and FDUSD illustrate the sizable demand for blockchain-based fiat proxies to enable trading and settlement finality. And DeFi protocols like Uniswap, Aave, and Compound cement their positions as core financial primitives in the decentralization economy.

Beyond the top 10, we see ever more specialization into two categories – either filling specific utility needs like oracles and scaling, or emphasizing real world usage beyond speculation such as finance, NFTs, and connectivity. This reflects maturation as “crypto” stops being a monolithic bucket.

Of course, no forecast is guaranteed accurate far out. Unexpected new entrants can quickly rise while leading projects can fade into irrelevance or collapse overnight. For traders looking to make a quick buck through automated crypto trading platforms, this perhaps presents an opportunity. But long-term investors sizing up both current leaders and emerging contenders gives a balanced perspective on the landscape of top cryptocurrencies in the years ahead.