In the wake of 2024, Bitcoin has been on an upward price surge reaching new highs in March 2024. This is mainly attributed to the launch of several Bitcoin ETFs boosting its mainstream adoption and increase in demand. However, Bitcoin is not the only crypto worth considering if you want to diversify your portfolio and take advantage of the growing crypto market. Here are some of the best cryptocurrencies to invest in right now, based on their performance, potential and innovation.

Ethereum (ETH)

Ethereum is the second-largest cryptocurrency by market cap, and the leading platform for smart contracts, decentralized applications (dApps) and non-fungible tokens (NFTs). Ethereum is currently undergoing a major upgrade to Ethereum 2.0, and will make it more scalable, secure and energy-efficient. This makes it an attractive choice for crypto investors to consider. More to this, Ethereum also has an active community of developers, users and investors who support its growth and innovation.

Solana (SOL)

Solana has emerged as a scalable blockchain. It boasts over 50,000 transactions per second (TPS) and very low transaction costs. Apart from this, Solana also supports smart contracts, dApps and NFTs, and has attracted many projects and partnerships in the DeFi, gaming and Web3 sectors. This makes it worth looking at.

Binance Coin (BNB)

A native token of the world's largest cryptocurrency exchange by trading volume, Binance, the Binance Coin has gained a lot of popularity. Binance Coin benefits from the buy-and-burn mechanism, that is, Binance periodically destroys some BNB that is in circulation. This reduces its inflation and increases its scarcity. This and its utility in transaction fee discounts and participation in token sales contributes to its appeal as an investment option.

Cardano (ADA)

Cardano, just like Ethereum, is another smart contract platform that is scalable and aims to provide sustainability. Built on a peer-reviewed research foundation, Cardano follows a rigorous development process that involves testing, auditing and formal verification. Recently, Cardano launched smart contract functionality on its network. This has opened doors for more innovation and adoption in DeFi, NFT and dApp spaces making it a very attractive investment option.

In case you are an investor and wondering where and what to invest in, you can take a look at these four cryptocurrencies for your consideration as viable investment options. However, before you invest in any crypto, make sure you do your own research. Understand the risks involved in the highly volatile crypto markets and its ups and downs. Finally, invest what you can afford to lose.