Top 10 Largest Cryptos To Invest In October 2024 [By Market Cap]

Introduction

It is the last quarter of the year already, and the past year has been a phenomenal rally in the crypto market. Whether you are eyeing short-term gains or looking for long-term potential, making informed investment decisions is essential. This article highlights the top 10 cryptos worth considering in October 2024. These cryptos have demonstrated strong market performance, innovative technology, and robust fundamentals, positioning them as promising investment options.

We will explore short-term opportunities for those looking to capitalize on current market trends and long-term prospects for investors seeking sustained growth and stability. By examining key factors such as market capitalization, project development, partnerships, and community support, we can identify the standout crypto that can potentially deliver attractive returns in the dynamic crypto market 2024. So, let’s delve into the top cryptos to invest in for both short-term gains and long-term growth in October 2024.

Bitcoin

The first token on the list of top cryptos in 2024 has to be Bitcoin. With its widespread adoption and global recognition, Bitcoin, the pioneering crypto, continues to dominate the digital asset space. While Bitcoin operates on the blockchain, the recent trends have seen the emergence of two notable terms that didn’t exist before in the king coin ecosystem: BRC20 and ordinals NFTs. BRC20 refers to the token standard used on the Bitcoin blockchain, similar to Ethereum’s ERC20 standard. It enables the creation and management of various tokens, representing different digital assets, on top of the Bitcoin network. This development has opened up new possibilities for decentralized applications (DApps) and tokenized assets within the Bitcoin ecosystem.

On the other hand, the term “ordinals” has gained attention as a potential upgrade to Bitcoin’s scripting language. The Ordinals protocol on the Bitcoin network is a process for numbering satoshis, giving each satoshi a serial number and tracking them across various transactions in a process called “inscription”. Thus, the ordinals protocol allows users to make individual satoshis unique by adding this extra data – thus making them into an NFT.

Additionally, Bitcoin has been gaining momentum behind the scenes ahead of the Bitcoin Halving 2024. Bitcoin Halving 2024 is expected to come about sometime in April 2024.

Current Price	$61,380
Market Cap	$1.21 trillion
Circulating Supply	19.7 million BTC
Max Supply	21 million BTC
Vol (24H)	$34.3 billion
Change (YTD)	+45.2%
Founder	Satoshi Nakamoto (pseudonymous)

• In 2023, Bitcoin price surged by over 165%. After experiencing a 19% correction from its recent all-time high, the price rebounded to just below $69,000 in July. However, August saw a more negative performance in the crypto market, with Bitcoin price dropping below $60,000.
• In 2024, Bitcoin price led the market’s upward momentum, reaching a new all-time high of approximately $73,750 in early March. However, the overall weakness in the crypto market has since driven the price back down to just above $60,000 as of the time of writing, despite being in the “Uptober” month.
• Bitcoin price is currently trading below a descending wedge pattern, indicated by the blue trendlines on the chart, signaling broad weakness. This correction, which began in August, has caused Bitcoin to trade just below its 50-day Exponential Moving Average, reflecting both short-term weakness but just above its 200-day EMA. 
• Bitcoin price is trading at the base Fibonacci pivot for October, with resistance levels between $64,000 and $68,000. If this resistance is surpassed, the next targets could be around $74,600 (R3 level) and potentially $80,000 before the year ends.

Read More: Top Altcoins 2024

Ethereum

Next on the list of top cryptos in 2024 is Ethereum. Ethereum is the second-largest crypto asset by market cap and the largest smart contract-capable altcoin in the market. On April 12, 2023, Ethereum underwent a significant upgrade known as the Ethereum Shanghai Capella. This upgrade introduced several key improvements to the Ethereum network, enhancing its scalability, security, and usability. But most of all, the Ethereum Shanghai Upgrade introduced the EIP-4895 – which finally unlocked the “unstaking” feature for staked ETH tokens to the Beacon Chain. This is the first time since December 2020 that Ethereum validators could unstake their rewards from the PoS chain.

Additionally, the Capella upgrade addressed various technical aspects, including enhanced security measures, optimized network performance, and improved user experience. These advancements aimed to solidify Ethereum’s position as a leading smart contract platform, enabling developers to build decentralized applications (DApps) and deploy smart contracts with greater confidence.

Further, more recently – Ethereum has successfully gone live with Ethereum Cancun Deneb Upgrade on all three testnets, and is all set to go live on the mainnet soon. The Cancun-Deneb (Dencun) Upgrade encompasses a range of enhancements to both the execution layer (Cancun) and the consensus layer (Deneb) of the Ethereum network. These synchronized upgrades bolster scalability, security, and usability, resulting in a more robust infrastructure for decentralized applications (dApps) and smart contracts. Ethereum’s Dencun initiative is poised to drive innovation and accelerate blockchain technology adoption by providing a solid foundation for future developments.

Current Price	$2386
Market Cap	$287 billion
Circulating Supply	120.3 million ETH
Max Supply	N/A
Vol (24H)	$17.3 billion
Change (YTD)	+4.5%
Founder	Vitalik Buterin, Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin

• Ethereum price surge in 2024, particularly after the successful Ethereum Dencun Upgrade, has been notable. But a few months after the upgrade, Ethereum price has shown a lot of weakness and is currently trading below $2500 level. 
• Ethereum price faced challenges during recent market corrections but is showing promising signs of recovery. A falling wedge pattern, highlighted by blue trendlines, indicates a positive outlook, with the price successfully breaking out, boosted by the approval of spot Ethereum ETFs.
• Amid recent crypto market-wide corrections, Ethereum price fell into bearish territory and is now trading below the parallel channel it had been within earlier in June.
• Trading within a parallel channel (indicated in grey) reflected price consolidation for Ethereum, as new buyers entered while older investors took profits. This indicates a healthy market, but for optimism to return, ETH price needs to re-enter the parallel channel.
• Currently, Ethereum is trading well below the base Fibonacci pivot for October 2024 and both the 50-day and 200-day exponential moving average, signaling short-term and long term bearishness. Both the EMAs are also in a death cross. 
• On the upside, ETH price faces strong resistance initially at the base Fibonacci pivot at the psychological level of $2500. Once that is breached, the targets to seek are $2714, $2850 and eventually $3000 before the end of the month.
• On the downside, since the critical $2,500 level has been broken, the next support lies near the S1 Fibonacci pivot at $2270.

Solana

Third in the list of top cryptos in 2024 is Solana. Solana is a blockchain platform that has gained significant attention in the crypto space due to its remarkable speed and scalability. It aims to provide a high-performance infrastructure for decentralized applications (DApps) and financial services. Solana’s unique consensus mechanism, known as Proof of History, enables fast and secure transaction processing, making it a compelling choice for developers and users.

As one of the contenders in the list of top cryptos in 2024 to consider, Solana’s potential lies in its ability to handle many transactions per second with minimal fees. Its robust ecosystem and partnerships with various projects contribute to its growth and adoption. However, it’s important to note that investing in any crypto carries risks, including market volatility and regulatory uncertainties.

Recently, Solana also briefly beat Ethereum in NFT sales volumes, marking a significant milestone in this Ethereum-killer’s recovery trajectory.

Current Price	$140.75
Market Cap	$66 billion
Circulating Supply	468.4 million SOL
Max Supply	N/A
Vol (24H)	$2.7 billion
Change (YTD)	+38.75%
Founder	Anatoly Yakovenko

• Since October 2023, Solana price has skyrocketed by nearly 750%, positioning it among the top five cryptos by market capitalization and briefly overtaking Binance Coin (BNB) to secure the third spot, excluding stablecoins.
• After weathering the early 2022 bear market challenges, Solana price demonstrated a strong recovery, closely mirroring Bitcoin’s upward trajectory.
• Reflecting the broader market sentiment, Solana price has entered a bearish phase, currently trading below the key psychological barrier of $150.
• SOL has dropped below both the 50-day and 200-day EMA, signaling potential short- to medium-term concerns for the altcoin.
• In April 2024, Solana price declined from around $200 to $135 but has since made a modest recovery, trading just below $150. A return to bullish momentum could occur if Solana re-enters its upward channel.
• Solana price has been stuck within a range of $125 to $200 for the better part of 2024 and once can expect that to continue further, unless the $200 level is breached. 
• This trend indicates Solana potential to surpass its previous all-time high of $259, suggesting a 85% upside. If the $186 level is breached by month-end, the next target lies near $200, a key psychological area.
• Should the price decline further, the $129 to $130 range at the S1 Fibonacci pivot is anticipated to provide strong support for Solana price.

Ripple

Next up on the list of top cryptos in 2024 is Ripple’s XRP. XRP, a digital asset and crypto, is best known for its association with Ripple Labs. XRP operates on a decentralized blockchain network and offers fast, low-cost transactions. It was designed to facilitate efficient cross-border payments and improve liquidity in financial institutions.

XRP stands out due to its unique consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA). This algorithm enables quick transaction validation without extensive computational power, making XRP transactions faster and more energy-efficient than other cryptos.

XRP has gained traction as a solution for remittances and international money transfers, with Ripple’s growing partnerships and collaborations in the financial industry. However, it is essential to note that XRP has faced regulatory challenges in some jurisdictions, impacting its market dynamics.

More recently, on July 13, after a very long, drawn-out court battle between Ripple Labs and the United States Securities and Exchange Commission, it came to a close, with the court ruling in favor of Ripple Labs and announcing that XRP is not a security. This resulted in the price of XRP rallying by over 70% on the same day!

Current Price	$0.52
Market Cap	$29.2 billion
Circulating Supply	56.5 billion XRP
Max Supply	100 billion XRP
Vol (24H)	$1.8 billion
Change (YTD)	-14.3%
Founder	Chris Larsen, Jed McCaleb

• Despite Ripple’s broad adoption and utility, XRP price has consistently lagged behind other top cryptos. A turning point came on July 13, 2023, when the US District Court for the Southern District of New York ruled that XRP is not a security in the Ripple vs SEC lawsuit, triggering a 74% price surge.
• Ripple’s ongoing legal battle with the SEC has attracted considerable attention, with speculation that the case might advance to the US Supreme Court. This speculation intensified after the SEC received a favorable ruling in the ongoing Coinbase case.
• Over the last six months, XRP price has fluctuated within a broad range of $0.47 to $0.72, currently sitting just above the lower end of this range, as shown in the grey parallel channel.
• To regain bullish momentum, XRP needs to stay above the key psychological level of $0.50 and break through the resistance zone near $0.72. Surpassing these levels could trigger renewed bullish sentiment.

Dogecoin

The largest memecoin by market cap and next on the list of top cryptos in 2024 is Dogecoin. In the delightful world of cryptos, Dogecoin has emerged as a unique and popular digital asset. Originally created as a meme coin, Dogecoin has gained significant attention and a dedicated community of supporters. While it started as a lighthearted project, Dogecoin has evolved into a legitimate crypto with a strong following and a suite of products in its ecosystem.

Dogecoin’s value lies in its widespread adoption and recognition. It has garnered attention from celebrities and influential figures, further fueling its popularity. However, it’s important to note that Dogecoin’s price volatility and speculative nature make it a risky investment.

Dogecoin recently gained much social media attention, over and above what it got, when Twitter’s new boss, Elon Musk, changed the Twitter logo from the bird to the iconic Dogecoin logo.

Current Price	$0.108
Market Cap	$15.8 billion
Circulating Supply	146.2 billion DOGE
Max Supply	N/A
Vol (24H)	$800 million
Change (YTD)	+21.4%
Founder	Billy Markus and Jackson Palmer

• Amid the ongoing sideways movement in the crypto markets, Dogecoin price has dropped by over 50% since early April, experiencing a brief recovery in May before resuming its decline starting in June 2024.
• Currently, Dogecoin price is trading below both the 50-day and 200-day Exponential Moving Averages (EMAs), reflecting bearish sentiment in both the short and long term. If this pattern persists, it could result in a bearish death cross, further amplifying negative market sentiment for the popular meme coin.
• Dogecoin price is currently holding support just under the base Fibonacci pivot level for October 2024, which aligns with the key psychological support level at $0.1. Should this level be breached, it could lead to increased selling pressure, pushing the price down towards $0.068 at the S3 pivot level.
• For a bullish reversal, Dogecoin needs to surpass both the 50-day and 200-day EMAs, and also reverse the bearish death cross. Additionally, breaking through the R3 Fibonacci pivot at $0.154 and overcoming the psychological resistance at $0.2 would signal renewed buying interest.
• Reaching the $0.2 mark in October could open the door for further price targets, potentially driving upward momentum that could take Dogecoin as high as $0.3 by the end of 2024.

Tron

Tron, a prominent altcoin by market capitalization, has attracted considerable attention in August 2024 due to its strong performance and solid fundamentals, earning its place among the top altcoins of the year. Founded by Justin Sun in 2017, Tron aims to transform the entertainment industry by offering a decentralized platform for sharing digital content. It is well-known for its high throughput and scalable blockchain technology, which supports smart contracts and decentralized applications.

Tron’s success can be attributed to various factors that distinguish it within the competitive crypto landscape. A key feature is the TRON Virtual Machine (TVM), which is compatible with Ethereum’s Virtual Machine (EVM), allowing for the seamless migration of decentralized applications (dApps). This interoperability has established Tron as a major player in the smart contract space.

In recent weeks, Tron has experienced a significant upward trend, with its price increasing by over 45% throughout 2024 and continuing to rise into October. This bullish performance is primarily driven by its robust fundamentals and increasing adoption within the crypto community. The project’s strong technical foundation and strategic partnerships have played a crucial role in this positive momentum.

Current Price	$0.157
Market Cap	$13.6 billion
Circulating Supply	86.59 billion TRX
Max Supply	NA
Vol (24H)	$375 million
Change (YTD)	+46%
Founder	Justin Sun

• Tron, a prominent altcoin by market capitalization, has shown consistent gains over the past month, even amid broader market weakness. Tron price increased by over 19% in June 2024, followed by an additional 11% rise in July, and a substantial 36% surge from the August lows, before encountering a minor correction, indicating a strong upward trend.
• Currently, the TRX price is trading above both the short-term 50-day and long-term 200-day EMA. Both moving averages are in a bullish golden crossover, suggesting strong buying support for the altcoin in the short term.
• If Tron manages to maintain its position above the psychological level of $0.15, it could target prices of $0.165 (the R3 Fibonacci pivot level) by the end of October 2024.
• On the downside, the $0.15 level, which corresponds with the S1 Fibonacci pivot for October, is anticipated to offer substantial support for the altcoin moving forward.

Cardano

Cardano, the next token on the list of top cryptos in 2024 is a blockchain platform known for its scientific approach and emphasis on security and scalability, recently made a significant advancement with the release of the Hydra Layer-2 solution. The recently launched Hydra is designed to enhance Cardano’s scalability and throughput, allowing the network to handle significantly more transactions per second.

The Cardano Chang Fork represents a pivotal milestone in the network’s evolution towards the Voltaire phase. This upgrade introduces advanced scalability features to enhance transaction throughput, crucial for supporting decentralized applications (DApps) and community governance under Voltaire. It strengthens security protocols to fortify against attacks, ensuring a resilient ecosystem. The introduction of community-driven governance empowers ADA holders through Delegate Representatives (DReps), fostering on-chain consensus and democratic decision-making. The Chang Fork also initiates a Constitution Convention for drafting a governance framework, highlighting Cardano’s commitment to decentralized innovation and community engagement. Overall, it sets the stage for Cardano’s future by integrating technological advancements and governance reforms essential for its decentralized vision.

Current Price	$0.35
Market Cap	$12.2 billion
Circulating Supply	35.95 billion ADA
Max Supply	45 billion ADA
Vol (24H)	$300 million
Change (YTD)	-40.9%
Founder	Charles Hoskinson

• As the broader crypto market experienced a resurgence driven by Bitcoin’s rally to all-time highs, Cardano’s ADA price saw a moderate recovery. However, a small correction in late March has kept ADA trading below the key $0.7 mark.
• Cardano price witnessed a significant rally in November and December 2023, rising from under $0.30 to nearly $0.67. After a stabilization phase, ADA price regained momentum in March 2024, briefly surpassing $0.70 before experiencing another pullback.
• Following this retracement, ADA price has taken on a bearish outlook, falling below the medium-term trendline. Additionally, the price has slipped under both the 50-day and 200-day EMAs, indicating potential bearish sentiment in both short- and long-term outlooks, thanks to a death cross.
• Potential price targets for ADA price include $0.5 and $0.55, assuming it surpasses the R3 Fibonacci pivot for October at $0.47.
• On the downside, the $0.32 level is expected to serve as a critical support zone for ADA price, matching the S1 Fibonacci pivot, offering substantial support in case of further market declines.

Avalanche

Avalanche (AVAX) is a rapidly emerging blockchain platform that aims to revolutionize decentralized finance (DeFi) and enable the creation of highly scalable and interoperable decentralized applications (dApps). As one of the contenders in the list of top cryptos in 2024, Avalanche boasts a unique consensus protocol called Avalanche consensus, which enables fast and secure transaction processing with low fees.

The platform’s focus on scalability, high throughput, and low latency positions it as a potential game-changer in the DeFi space. By providing developers with the tools to create powerful and efficient decentralized applications, Avalanche aims to address the challenges of scalability and usability faced by many existing blockchain networks.

Current Price	$25.5
Market Cap	$10.35 billion
Circulating Supply	406.4 million AVAX
Max Supply	720 million AVAX
Vol (24H)	$387 million
Change (YTD)	-33.9%
Founder	Emin Gün Sirer, Kevin Sekniqi, Ted Yin

• Avalanche’s AVAX price had a slow start to the year, fluctuating within a specific range. However, by mid-March 2024, AVAX saw a significant breakout above the key psychological threshold of $50.
• This breakout rally persisted until it reached a high of $65, after which a correction occurred in alignment with the broader crypto market. Currently, AVAX is trading below $30.
• In the past few months, particularly in March 2024, AVAX price peaked at $64 before retracing back below $40 within two to three months. This pattern has frequently repeated for AVAX price, and looking ahead to April, the ongoing bullish momentum in the crypto market presents an opportunity for a recovery to reach new year-to-date highs.
• The current outlook for Avalanche price is bearish, having fallen below both the 50-day and 200-day EMAs, and it is trading just beneath the base pivot level set for October 2024. These EMAs are also nearing the formation of a bearish death cross.
• Should AVAX price succeed in breaking above the $40 level, resulting in a breakout from both aforementioned EMAs, the potential upside targets for this altcoin would be $47 and eventually $50 before the end of the month.
• In the event of a decline, support for AVAX price is expected around $22.4, which coincides with the S1 level on the Fibonacci pivot points for October 2024.

Chainlink

The eighth token on the list of top cryptos in 2024 is Chainlink. Chainlink (LINK) is a decentralized oracle network that bridges the gap between smart contracts and real-world data. It is an intriguing option for investors looking to diversify their crypto portfolio in 2024. As one of the top 20 cryptos by market capitalization, Chainlink offers a reliable and secure infrastructure for connecting blockchain-based applications with external data sources, APIs, and traditional financial systems.

The core strength of Chainlink lies in its ability to provide tamper-proof, verifiable, and trustworthy data to smart contracts. By enabling the seamless integration of off-chain data, Chainlink unlocks various possibilities for various industries, including finance, insurance, supply chain management, and more.

More recently, Chainlink partnered with Avalanche to launch its Chainlink Functions, which allows Web3 developers to connect to any Web2 API safely!

Current Price	$11
Market Cap	$6.88 billion
Circulating Supply	626 million LINK
Max Supply	1 billion AVAX
Vol (24H)	$281 million
Change (YTD)	-26.5%
Founder	Sergey Nazarov and Steve Ellis

• Despite Bitcoin’s substantial influence on the recovery of the broader crypto market, LINK price has displayed a bearish trend. Earlier this year, LINK price rose significantly, briefly exceeding the $20 mark. However, similar to the overall market, LINK experienced a bearish decline starting in mid-March, dropping below the important $15 level.
• Following this correction, LINK is now trading below both the 50-day and 200-day EMAs, which have formed a bearish death cross.
• Conducting a strategic analysis of specific price levels is crucial for accurately interpreting LINK price movements. Currently, Chainlink is hovering just below the base level of the Fibonacci pivot level for October at $11.4. A breakout above this base pivot level is expected to drive LINK price towards $12.8 and potentially $15 by the end of October.
• If a market downturn occurs, LINK might find support around the $10  level, which corresponds to the S1 level of the Fibonacci pivot points and also as a psychological support zone. This level could offer significant reinforcement against potential downward pressures, as it has done recently.

Polkadot

Next on the list of top cryptos in 2024 is Polkadot (DOT) – a prominent blockchain platform designed to enable the interoperability of different blockchains. Created by Ethereum co-founder Gavin Wood, Polkadot aims to establish a decentralized web where various blockchains can seamlessly communicate and share information.

As one of the top cryptos to consider for investment in 2024, Polkadot’s key strength lies in its ability to facilitate cross-chain compatibility and scalability. Its unique framework allows independent blockchains to connect and interact, fostering a more interconnected and efficient blockchain ecosystem.

Polkadot’s robust governance system, which empowers token holders to participate in decision-making processes, enhances its decentralization and community-driven nature.  Polkadot’s parachain technology also enables developers to build specialized blockchains that can seamlessly integrate with the broader Polkadot network.

Current Price	$4.14
Market Cap	$6.2 billion
Circulating Supply	1.5 billion DOT
Max Supply	N/A
Vol (24H)	$180 million
Change (YTD)	-49.5%
Founder	Gavin James Wood

• Polkadot’s native token, DOT price, has experienced a steady decline from March through April 2024, following a parallel channel pattern, as shown in the accompanying chart.
• During April 2024, DOT price faced a substantial drop of 33%, reflecting a prevailing bearish trend, even amidst moderate movements in major cryptos like Bitcoin and Ethereum. It is crucial to recognize the broader bearish sentiment that has been dominating the overall crypto market according to the latest updates.
• DOT price has fallen below both the 50-day and 200-day EMAs, indicating a negative outlook for the altcoin in both the short and medium terms. Additionally, a bearish death cross formed between these two EMAs earlier in June, further emphasizing the negative sentiment.
• The $4 level has become a significant support zone for DOT, as evidenced by its rebound earlier in April, aligning closely with the S1 Fibonacci pivot level for October 2024. Currently, DOT price is trading around this level, making efforts to hold its position.
• Moving forward, the immediate target for Polkadot price is $4.85 to $5, which corresponds to the R1 and R2 Fibonacci pivot for October. A breakout above this level could potentially spark a rally towards $5.5.

Conclusion

In summary, the year 2024 brings forth compelling investment opportunities within the crypto market. Notable options, including Bitcoin, Ethereum, Cardano, Solana, Polygon, Avalanche, and Chainlink, showcase distinct strengths, technological innovations, and growth prospects. Despite the promises, it’s imperative to acknowledge the inherent risks tied to crypto investments, ranging from market volatility to regulatory uncertainties.

Potential investors should engage in extensive research, monitor market trends, and assess their risk tolerance before committing to any investment. The crypto industry’s trajectory appears promising, driven by technological advancements, increased adoption, and ongoing regulatory developments. In navigating this evolving landscape, investors must remain vigilant, adapting their strategies to seize opportunities and overcome challenges in the ever-changing crypto landscape.

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