Bitcoin Cash (BCH) Ranks 10th Among the Best Cryptocurrencies to Buy Now

Bitcoin Cash (BCH) is a fork of Bitcoin and was developed to solve the scalability problem of Bitcoin. The block size for the child coin was increased to 8 megabytes

With the crypto market experiencing a slight recovery in 2024, several cryptocurrencies have shown resilience and delivered strong year-to-date (YTD) returns. To identify the best cryptocurrencies to buy now, we have shortlisted the coins with a market capitalization of $4 billion or more, as of July 20, and calculated their YTD returns. Here are the top 10 cryptocurrencies, listed in ascending order of their YTD returns, as of July 20.

1. Bitcoin Cash (BCH)

Price on January 1, 2024: $259.4

Price on July 20, 2024: $392.17

Year-to-Date Return: 33.85%

Bitcoin Cash (BCH) is a fork of Bitcoin that was created to address the scalability issues faced by the parent coin. Bitcoin Cash increased the block size to 8 megabytes, compared to 1 megabyte for Bitcoin, enabling faster transactions, lower transaction fees, and reduced wait times. With a total supply of 21 million and a current circulating supply of 19.74 million, BCH has shown strong gains in 2024, ranking 10th among the best cryptocurrencies to buy now.

2. Solana (SOL)

Price on January 1, 2024: $36.8

Price on July 20, 2024: $63.87

Year-to-Date Return: 46.5%

Solana (SOL) is a proof-of-stake blockchain platform that is known for its high speed, low transaction costs, and scalability. The Solana network can process up to 65,000 transactions per second (TPS), making it one of the fastest blockchains available. SOL, the native token of the Solana platform, is used to pay transaction fees, stake on the network, and participate in governance. With its strong fundamentals and a market capitalization of over $15 billion, Solana ranks 9th among the best cryptocurrencies to buy now.

3. Litecoin (LTC)

Price on January 1, 2024: $123.8

Price on July 20, 2024: $216.7

Year-to-Date Return: 53.5%

Litecoin (LTC) is a peer-to-peer cryptocurrency that was launched in 2011 and is often referred to as the “silver to Bitcoin’s gold.” Litecoin is based on the Bitcoin protocol but has several technical differences, including a faster block generation time of 2.5 minutes, compared to 10 minutes for Bitcoin. Litecoin also has a total supply of 84 million, which is four times that of Bitcoin. LTC, the native token of the Litecoin network, is used to pay transaction fees and participate in network activities. Litecoin ranks 8th among the best cryptocurrencies to buy now, with a market capitalization of around $5 billion.

4. Chainlink (LINK)

Price on January 1, 2024: $33.8

Price on July 20, 2024: $66.77

Year-to-Date Return: 63.3%

Chainlink (LINK) is a decentralized oracle network that provides smart contracts with access to off-chain data and events. The Chainlink network consists of nodes that are run by Chainlink Labs and a community of independent node operators. These nodes collect, aggregate, and validate data from various sources, such as web APIs, payment systems, and IoT devices. The network then provides this data to smart contracts in a secure and reliable manner. LINK, the native token of the Chainlink network, is used to pay for oracle services and participate in network governance. Chainlink ranks 7th among the best cryptocurrencies to buy now, with a market capitalization of over $4 billion.

5. Polygon (MATIC)

Price on January 1, 2024: $1.8

Price on July 20, 2024: $4.3

Year-to-Date Return: 78.9%

Polygon (MATIC) is a layer-2 scaling solution for Ethereum that aims to improve transaction speed, reduce gas fees, and enhance network capacity. The Polygon network consists of a set of interconnected sidechains that run parallel to the Ethereum mainchain. These sidechains can process transactions independently and quickly, while the results are periodically committed back to the Ethereum mainchain. MATIC, the native token of the Polygon network, is used to pay for gas fees on the sidechains and participate in network activities. Polygon ranks 6th among the best cryptocurrencies to buy now, with a market capitalization of around

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