Which cryptocurrency should you choose for your investment portfolio in 2024?
- **feature:**
- **High reliability**: The first cryptocurrency with a market capitalization of approximately 520 billion US dollars (May 2024).
- **High Liquidity**: Common on most major exchanges.
- **flaw:**
- **High price volatility**: Decreased by more than 50% in one year (2022).
- **High Transaction Fees**: Sometimes exceeding $20 per transaction.
- **feature:**
- **Smart Contracts Platform**: Behind many decentralized applications and DeFi, with a market value of about $220 billion (May 2024).
**Ethereum 2.0**: Improved performance and reduced power consumption.
**flaw:**
**High Gas Fees**: Can reach tens of US dollars per transaction.
**Competition**: Facing blockchains like Solana and Cardano.
**feature:**
**Quick profit potential**: The prices of some meme currencies have increased by hundreds of percent in a short time.
- **Low investment costs**: Low price and easy access.
- **flaw:**
- **Very High Risk**: Mime coins are subject to strong fluctuations and are at risk of completely losing their value.
- **Less information and analysis**: It is difficult to evaluate long-term potential.
We conclude
- **Long-term investment**: Bitcoin and Ethereum are good options with potential for growth and stability.