Best cryptocurrencies for monthly profits

Alright, alright, alright already…

After learning about DigiAlpha, I decided to design an online exchange platform and start buying and selling cryptocurrencies.

But now, I have a question: If I want to have monthly profits, which cryptocurrencies should I focus on for spot trading?

Don’t worry! In this post, we will explain it to you.

Best crypto coins to invest in (for monthly profits)

In a situation where many investment options do not yield significant profits within a monthly timeframe, the cryptocurrency market is full of investment opportunities that can generate substantial returns even in a short period, such as one month.

Although some lesser-known cryptocurrencies may perform exceptionally well during certain months of the year, the reality is that many of them cannot be considered reliable options for the long term. For this reason, we focus here on a selection of the best cryptocurrencies that have demonstrated crypto passive income.

So…

If you are looking for the best cryptocurrency for monthly profits, we recommend following this article to the end. 

1. Bitcoin

Definitely the best crypto to invest in 2024.

Bitcoin is the biggest cryptocurrency in the market. Almost all other coins (altcoins) are affected by changes in Bitcoin’s price. Bitcoin controls more than 50% of the crypto market, so it is very powerful in this space. Many companies and even some governments are starting to invest in Bitcoin, and buying BTC is becoming more important every day. 

Make sure to read: Types of spot trading crypto exchange platforms

2. Ethereum

Ethereum is the second most well-known cryptocurrency in the crypto market, launched in 2015 by a team led by Vitalik Buterin. The Ethereum network hosts decentralized applications (dApps = these are apps that run on a network of computers instead of a single server. This makes them more secure and reliable) and smart contracts. Most of the decentralized applications and smart contracts in the crypto market are built on Ethereum, making it a key focus for market participants.

3. Solana

Solana is known as the fastest blockchain network, with very affordable transaction fees. This feature has made Solana a serious competitor to Ethereum in recent years. Currently, Solana is recognized as a hub for meme coin projects in the crypto market.

Make sure to read: What is a crypto spot market?

4. Binance Coin

Binance Coin is always a strong contender for the title of best crypto for fast profit due to the very important role of the Binance exchange in the crypto market. This cryptocurrency has countless uses within the Binance ecosystem. After Binance successfully maintained its position despite legal challenges in the U.S. last year, many traders have placed special trust in Binance Coin.

5. Cardano

Cardano is another project that competes with Ethereum and has had a rollercoaster ride over the years. Its native cryptocurrency has consistently ranked among the top cryptocurrencies for monthly profits in the market. While it typically doesn’t experience extreme price changes in the long term, its short-term performance can be quite different. 

Make sure to read: What is cryptocurrency?

6. Toncoin

Toncoin can be considered the best cryptocurrency for monthly profits in 2024. This year, the Toncoin network gained a special position due to the popularity of crypto games on Telegram. As a result, Toncoin even managed to enter the top cryptocurrencies at one point during the year.

Conclusion

In this article, we’ve shared the best cryptos for fast profit. Remember, with margin trading and P2P spot trading, you can make money when prices go up or down. If you manage your money well in the crypto market, there are great opportunities to earn profits. But don’t forget, to succeed in trading each month, you need to spend time analyzing cryptocurrencies.

With the right approach, the market can give you great rewards!