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You often ask us the question “what are the best cryptocurrencies?”. To answer to this question we present you the latest rankings of the best cryptocurrencies in 2023 and 2024. They are based on reports prepared by Center for Information Industry Development (CCID) – the unit subordinated to the Chinese Ministry of Industry and Information Technology.
As you probably guess, the preparation of a comprehensive and fully reliable cryptocurrency ranking, which presents only the undoubtedly the best cryptocurrencies is not so simple. Nearly 2,000 different projects have been created on the wave of the boom of 2017, which is already deteriorating today.
Cryptocurrency ranking – what are the best cryptocurrencies in 2023 and 2024?
There have been major changes in recent rankings. However, there is no point in looking for them in the highest places. Here it does not change much, compared to the ranking of the best cryptocurrencies of 2018. The first place is taken by the EOS cryptocurrency, the second by Ether (ETH). A big surprise is third position of Ontology (ONT), which has replaced BitShares (BTS) on this place in the ranking of the best cryptocurrencies of 2024.
The fourth place was taken by encrypted electronic currency – GXChain (GXC), what also seems to be a big surprise. Another positive surprise is the considerable rise of the NULS cryptocurrency. Earlier it balanced around 18th or 19th place. In the ranking of the best cryptocurrencies of 2023 and 2024 it took 6th position, taking over the Chinese cryptocurrency NEO (7th place).
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Another digital currency that definitely negatively surprised in the Chinese ranking of the best cryptocurrencies in 2024 is Lisk (LSK). It dropped out of top 10 and is currently in 12th place. The first and best known cryptocurrency Bitcoin is in 15th place. When it comes to other popular cryptocurrencies, Litecoin (LTC) is falling again in this ranking.
The rating itself changed slightly in the ranking. Currently, one of the most important is the assessment of the capacity of the chain itself. Maybe that’s why there have been so many changes in this ranking?
We hope that the above ranking will help you choose the best cryptocurrencies and affect the right investment decisions. If you are interested in buying cryptocurrencies such as Litecoin (LTC), Ether (ETH), Lisk (LSK) or simply buying Bitcoin (BTC), register on the largest European cryptocurrency exchange – BitBay.
We also encourage you to track the progress and previous classifications and rankings of the best cryptocurrencies. Thanks to this, you will have a full picture of how individual projects develope.
Most of the aforementioned digital currencies can only be bought on the largest cryptocurrency trading and exchange platform – Binance. You can find more information here
You can immediately register on Binance.
Objective determination and definition of the conditions for the assessment of digital currencies is almost unrealistic. There will always be someone who will challenge our opinions, assessments and concepts. The situation is similar when it comes to choosing the best cryptocurrencies. If you want to know our opinion. We assess well over a dozen, maximum dozens of projects.
In our opinion, the best cryptocurrencies are Bitcoin (BTC), Ether (ETH), Litecoin (LTC), EOS, NEO, Enjin Coin (ENJ), ChainLink (LINK) and Binance Coin (BNB).
The most opinion-forming ranking is undoubtedly – prepared by the Chinese Center for Information and Industrial Development (CCID) – Global Blockchain Technology Assessment Index.
The list includes 35 of the most promising blockchain projects and tokens. The Chinese evaluate the enterprises taking into account three criteria: the technology used, the possibilities of application and creativity. The 15th edition of the Chinese cryptocurrency ranking has brought interesting, though not the fundamental changes.
EOS cryptocurrency still dominates the ranking, taking its 1st place. You can see that its developers have not been idle, and EOS still pose a growing competition for Ether (ETH).
The EOS token is part of the EOS.IO platform. It is a blockchain protocol, which is the basis for concluding intelligent contracts. This revolutionary design was built as a decentralized operating system. EOS is an emulator of many components that we know from physical computers. The network, downloading the computing power of users, adapts it as its own by emulating processors, graphics cards, RAM memory and hard disk. The resources of virtual components are proportionally divided among EOS owners. The platform allows you to create applications based on a block chain and conclude intelligent contracts.
In the second place of the ranking we find Ether (ETH), the second largest cryptocurrency in terms of market capitalization. ETH swapped positions with TRON (TRX), which dropped one rank down. Ethereum is well known project of Vitalik Buterin. This platform is the largest project that develops the functionality of smartcontracts and blockchain-based applications. A good example of application based on the Ethereum blockchain is CryptoKitties game. By listing the best cryptocurrencies and creating its own rankings Ethereum has been at the forefront for many years.
TRON gives way to the Ether cryptocurrency, dropping to number 3 in the Chinese ranking. The project participates in the ambitious idea of building internet 3.0, network with access to broad, free blockchain-based entertainment. The project leader is Justin Sun, who recently acquired BitTorrent – a peer-to-peer application that allows decentralized file sharing on the network.
You can buy both of these cryptocurrencies at the BitBay exchange – by clicking this button you can immediately create a free account.
Immediately below the podium, the statement presenting the best cryptocurrencies 2024, the extremely innovative NULS project is firmly held. Compared to the previous ranking, the place of this cryptocurrency remains at the 4th position. The project developed the world’s first modular blockchain, consisting of a micro-kernel and modules. Such a system favors easy updates. The NULS platform provides its users with a virtual machine for creating decentralized applications. The platform is equipped with an interpreter and a wide range of programming languages to choose from, so it doesn’t matter which programming language we use. NULS uses a new consensus protocol – Proof-of-Credit.
Despite the turmoil in the project, Lisk has advanced in the new ranking of the best cryptocurrencies two places up – from 7th to 5th. The mission of the Lisk project is to increase access to blockchain technology for ordinary people. The open source platform was written in a relatively simple Java Script language, making it more accessible to a wider group of people. If you want to buy Lisk (LSK) now, click and create a free account on the BitBay exchange.
Neo gains three positions in the new ranking, pushing cryptocurrency STEEM from the 6th place. It is Chinese project, which was once Ethereum’s main competitor among platforms offering smart contracts. Neo aims to fulfill the vision of mass adoption of blockchain in the world.
Steem is an interesting cryptocurrency and an interesting project. It’s other than all, because on the basis of blockchain Steem platforms such as Steemit and D.Tube were created. Steem is referred to as the social block chain because it wants to replace the portals known today – such as Facebook, YouTube etc. – similar but decentralized. Blockchain can provide a very high level of privacy that you won’t find on today’s internet.
Bitshares fell three positions down in comparison with the previous edition of the ranking. This cryptocurrency was created by Daniel Larimer, co-creator of projects such as Steem and EOS, which we have already discussed. The project is associated with the next generation of the financial market. The platform enables the creation of smart coins and cryptographically secured assets.
In the previous ranking Bitcoin was out of the top ten – in 11th place. This time however, the cryptocurrency king returns to the group of the best. Bitcoin probably needs no introduction. It is the first full-fledged cryptocurrency created by Satoshi Nakamoto – an anonymous creator or team of creators. As you can see, the list of the best cryptocurrencies in 2024 could not do without its original digital currency.
Stellar came last in the top ten of the best cryptocurrencies. It is an open project that aims to create a platform similar in operation to Western Union, but cheaper and decentralized. We can send Fiat currencies and cryptocurrencies through the Stellar platform using the indirect currency, or Stellar’s “Lumens” (XLM).
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