Bintense review: the best cryptocurrencies to watch in 2024

The online cryptocurrency exchange Bintense provides a comprehensive cryptocurrency exchange service for its clients. The Bintense team closely monitors the changing trends in the cryptocurrency market to offer a balanced overview of cryptocurrencies to consider in 2024.

1. Ethereum – the leading choice

Ethereum continues to play an important role in the cryptocurrency landscape. With a market capitalisation of $197 billion, Ethereum is one of the largest cryptocurrencies. Its closest competitor, Tether, lags behind with a market capitalisation of around $83 billion.

The versatile Ethereum platform is at the heart of innovative blockchain projects including decentralised finance (DeFi), non-monetary tokens (NFT), decentralised autonomous organisations (DAOs) and prediction markets. Recent updates, such as EIP-1559 and the move to a Proof-of-Stake consensus mechanism, have further increased its appeal. These changes introduced a mechanism for burning ETH, reducing emissions and increasing its attractiveness as a long-term asset.

2. Bitcoin – digital gold

“Bitcoin remains a major player in the cryptocurrency market. It is an asset for long-term investment, often referred to as “digital gold”. Bitcoin has several distinctive characteristics:

• High liquidity.
• Universal exchange into various cryptocurrencies.
• Recognition as official means of payment in selected countries.
• Large market capitalisation.
• Resistance to inflation due to limited supply.

While bitcoins can be mined, it requires expensive equipment and additional costs. For many, it is more practical to buy fractions of bitcoins, known as satoshis.

3. Avalanche – Innovation Centre

“Avalanche, based on the AVAX token, is an ecosystem that drives innovation. It supports a range of features including launching DeFi projects, building enterprise blockchain networks and facilitating the trading of digital assets. The ecosystem uses subnets and modules to speed up data processing and offer near-instantaneous transactions.

The native AVAX symbol has several characteristics:

• Growing market capitalisation.
• Attracting traders and institutional investors.
• Deflationary mechanisms are designed to fight inflation.
• High decentralisation, with developers owning a minimum share of all coins.
• Storing assets in an ecosystem wallet with betting options.

4. Tether (USDT) – Stablecoin solution

Tether, a stablecoin, was designed to maintain a stable value, in particular $1.t aims to address the volatility often associated with cryptocurrencies. 22 July 2023 Tether was the third largest cryptocurrency, with a market capitalisation of $83.5 billion euros and a token value of $1.00. It is considered one of the most stable digital currencies on the market.

5. “Cardano (ADA) – TNext generation blockchain

“Cardano, the third generation blockchain platform, offers innovative features. Its pilot platform, AdaSwap, allows developers to build decentralised financial applications and operates on a proof-of-stake consensus mechanism. Cardano aims to compete with Ethereum by offering scalability, efficiency and security. Strategic partnerships further increase Cardano’s adoption and usefulness, while collateralised lending allows dApps to make loans against deposited collateral.

“Bintense: your cryptocurrency exchange partner

If you are looking to buy or sell Ethereum or Bitcoin, Bintense can help. By staying informed about the most popular cryptocurrencies, you can gain valuable insights when exploring cryptocurrency market opportunities. Follow Bintense news and stay informed about the changing cryptocurrency landscape.