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10 Best Cryptocurrencies Of April 2024 – Forbes Advisor Australia

TokenTalk Staff



10 Best Cryptocurrencies Of April 2024 – Forbes Advisor Australia

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Cryptocurrencies are a highly volatile asset class, and while they may present opportunities for astute investors, they remain a regulatory grey area and thus an arena for scams and hackers.

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Nevertheless, Australians are crypto-curious. According to consumer group CHOICE, almost one in five Aussies are either involved in some form of cryptocurrency trading or are interested in getting involved. Those who steer clear from crypto often do so because of the risk of crypto scams. Some 4.6 million Australians own cryptocurrency, and Australia ranks third in the world for crypto uptake.

From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, each with different strengths, weaknesses and varying degrees of potential.

These are the top 10 cryptocurrencies based on their market capitalisation or the total value of all the coins currently in circulation. This is not a recommendation of what you should or should not buy; it is merely a list of the largest projects ranked by market capitalisation so you can get a sense of the playing field before you decide whether to roll the dice and invest in crypto.

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Related: Best Cryptocurrency Exchanges for Australians

What Are Cryptocurrencies?

A cryptocurrency is a digital asset that can circulate without the centralised authority of a bank or government.  According to CoinMarketCap, there are more than two million cryptocurrency projects out there that represent the entire $US1.76 trillion crypto market.

1. Bitcoin (BTC)

  • Market cap: $US1.25 trillion

Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a decentralised blockchain technology, which is a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.

Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy one Bitcoin for about $US500. As of April 20, 2024 (when the most recent Bitcoin halving event occurred) a single Bitcoin’s price was around $US63,750. That’s a growth of more than 12,650%.

Related: How To Buy Bitcoin

2. Ethereum (ETH)

  • Market cap: $US367 billion

Both a cryptocurrency and a blockchain platform, Ethereum is a favourite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).

Ethereum has also experienced tremendous growth. From April 2016 to April 2024, its price went from about $US11 to around $US3,050, increasing 27,627%.

Related: How To Buy Ethereum

3. Tether (USDT)

  • Market cap: $US109.6 billion

Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin pegged to the value of US$1. This is achieved by having a 1-1 backing between the token and USD  which hypothetically keeps a value equal to one of those denominations because one token should always be able to be redeemed for one dollar. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favoured by investors who are wary of the extreme volatility of other coins.

4. Binance Coin (BNB)

  • Market cap: $US83 billion

Binance Coin (BNB) is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world. Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

BNB’s price in 2017 was just $US0.10. By April 20, 2024, its price had risen to around $US557, a gain of approximately 556,900%.

Related: Cryptocurrency Glossary Of Terms

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5. Solana (SOL)

  • Market cap: $US64 billion

Solana is a high-performance blockchain platform designed to provide fast and scalable transaction processing. It utilises a unique consensus algorithm called Proof of History, which allows it to process up to 65,000 transactions per second, making it one of the fastest blockchain networks available today. The platform supports smart contracts and decentralised applications (dApps) and is extremely popular for NFT trading.

The native token of the Solana platform is called SOL, and is used for paying transaction fees, staking, and participating in governance decisions on the network. The ICO price for SOL was $US0.22, and as of April 20, 2024, now sits at $US143, an increase of 64,900%.

6. U.S. Dollar Coin (USDC)

  • Market cap: $US33.8 billion

Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by US dollars and aims for a 1 USD to 1 USDC ratio. USDC is available on numerous blockchains, such as Ethereum and Solana, and you can use USD Coin to complete global transactions.

7. XRP (XRP)

  • Market cap: $US27.9 billion

Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.

At the beginning of 2017, the price of XRP was $US0.006. As of April 20 2024, its price reached $US0.50, equal to a rise of 8,233%.

Related: Ethereum 2.0: The Ethereum Merge Explained

8. Dogecoin (DOGE)

  • Market cap: $US22.5 billion

Dogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.

Dogecoin’s price in 2017 was $0.0002. By April 20, 2024, its price sat at $0.1567, up 78,250%.

9. Toncoin (TON)

Toncoin (TON) is the native token of The Open Network (TON), a decentralised Layer 1 blockchain network originally developed by Telegram but later transferred to the community. TON aims to onboard billions of users and enable quick, inexpensive, and energy-efficient blockchain transactions. The network boasts a flexible architecture, scalability, and support for millions of transactions per second through dynamic sharding and workchains. Toncoin can be used to pay transaction fees, settle payments, or validate transactions using TON’s proof-of-stake (PoS) consensus model.

TON’s unique features, such as ultra-fast transactions, low fees, apps ecosystem, and Telegram integration, have rocketed the coin into the top 10 cryptocurrencies by market capitalisation over the past few months. As of April 20, 2024, its price stands at $6.06, representing an increase of 1,112% from the coin’s ICO price of $0.50 in 2019.

10. Cardano (ADA)

  • Market cap: $US17.1 billion

Somewhat later to the crypto scene, Cardano (ADA) is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification in platforms like Bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralised applications, which ADA, its native coin, powers.

Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of April 20, 2024, its price was at $0.479. This is an increase of 2,295%.

*Market caps and pricing sourced from, current as of April 2024

This article is not an endorsement of any particular cryptocurrency, broker or exchange nor does it constitute a recommendation of cryptocurrency or CFDs as an investment class.  Cryptocurrency is unregulated in Australia and your capital is at risk. Trading in contracts for difference (CFDs) is riskier than conventional share trading, not suitable for the majority of investors, and includes the potential for partial or total loss of capital. You should always consider whether you can afford to lose your money before deciding to trade in CFDs or cryptocurrency, and seek advice from an authorised financial advisor.

Frequently Asked Questions (FAQs)

What are cryptocurrencies?

Cryptocurrency is a form of currency that exists solely in digital form. Cryptocurrency can be used to pay for purchases online without going through an intermediary, such as a bank, or it can be held as an investment.

Do you have to pay taxes on cryptocurrency?

If you buy and sell coins, paying attention to cryptocurrency tax rules is important. Cryptocurrency is treated as a capital asset, like stocks, rather than cash, which means that you need to pay your marginal tax rates on the crypto when you register your return with the ATO. It also means that if you sell cryptocurrency at a profit, you’ll have to pay capital gains tax. You can read our guide to crypto and tax in Australia.

Don’t succumb to the misconception that cryptocurrencies are anonymous and can’t be tracked. The ATO has data-sharing agreements with all exchanges in Australia, giving them access to the list of taxpayers who own and trade cryptocurrency. Transferring from an exchange to a wallet is also relatively simple to track due to the public nature of blockchain data.

How do you buy crypto?

You can buy cryptocurrencies through Australian-based crypto exchanges, such as CoinSpot and Swyftx or platforms such as eToro Australia. You can read our review of the Best Exchanges for Australians in 2023.

What are altcoins?

When we first think of crypto, we usually think of Bitcoin first. That’s because Bitcoin represents more than 45% of the total cryptocurrency market. So when we talk about any cryptos outside of Bitcoin, all of those cryptos are considered altcoins.

Ethereum, for instance, is regarded as the most popular altcoin.

What are the 3 most popular cryptocurrencies?

Here are the top three cryptocurrencies by market capitalisation as of April 2024:

    1. Bitcoin (BTC): The original cryptocurrency, Bitcoin continues to hold its position as the market leader. Its widespread acceptance and status as digital gold make it a cornerstone of the crypto market.
    2. Ethereum (ETH): Ethereum has firmly established itself as the second most popular cryptocurrency, thanks to its versatile platform that enables decentralised applications (DApps) and smart contracts.Its ongoing developments and widespread use for DeFi and NFTs contribute to its strong position.
    3. Tether (USDT): Tether stands out as the most popular stablecoin, pegged to the US dollar to maintain a consistent value of US$1. With a market capitalisation of over US$100 billion, it’s a favourite among investors looking for stability in the often volatile crypto market. Its primary use is to provide a stable currency for trading and hedging in the crypto space.

These cryptocurrencies represent the forefront of the digital asset world, each with unique attributes that cater to different needs and preferences within the market. Whether you’re looking for a store of value, a platform for innovation, or stability, these top three cryptocurrencies offer something for every investor.

Why is Bitcoin valuable?

Part of what makes Bitcoin so valuable is its scarcity. Bitcoin’s maximum supply is limited to 21 million coins. Currently, there are 19 million coins in circulation.

To create supply, Bitcoin rewards crypto miners with a set Bitcoin amount. (To be exact, 3.125 BTC is issued when a miner has successfully mined a single block.). To keep the process in check, the rewards given for mining Bitcoin are cut in half almost every four years.

Which cryptocurrency is the most profitable right now?

The cryptocurrency market is highly unpredictable and extremely volatile, with some tokens doing well one day and then falling rapidly the next.

Because of this, the most profitable cryptocurrency changes constantly. Once a cryptocurrency increases drastically in value, buying into the project expecting further gains is not always the best idea.

The profitability of investing in cryptocurrencies is affected by market conditions, supply and demand, regulatory changes, technological developments, and how you manage your investments. It is important to do your own research (DYOR) and consult with a trusted  financial advisor before making any investment decisions.

Will crypto explode in 2024?

The future performance of cryptocurrencies is uncertain and depends on various factors, including the recent regulatory uncertainty surrounding the crypto space, as well as the unstable economic climate characterised by high levels of inflation and rising interest rates.

While some investors are optimistic about the potential growth of the crypto market despite these challenges, others may be more cautious or sceptical. It’s important to note that the performance of cryptocurrencies is generally volatile and unpredictable, and is often significantly impacted by external factors beyond the digital asset space. It is essential for anyone interested in this space to conduct thorough research and, if necessary, consult with a financial advisor before making any investment decisions.

What is the best cryptocurrency to invest in Australia?

When considering the best cryptocurrency to invest in Australia, it’s essential to keep in mind the market’s volatility. However, some established cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), are often considered “blue-chip” options due to their market dominance and long-term growth potential. Other notable cryptocurrencies include Binance Coin (BNB), Toncoin (TON), and Solana (SOL). 

Ultimately, the best choice depends on your investment goals, risk tolerance, and market understanding. As with any investment, thorough research and consultation with a financial advisor are recommended.

What is the best crypto wallet?

Finding the perfect crypto wallet can be a bit tricky, as the best one for you will depend on your specific needs and preferences. Crypto wallets come in different types, such as hardware and software wallets, each with its own pros and cons. Don’t forget to consider factors like security, ease of use, and compatibility with various cryptocurrencies when selecting a wallet. To help you make an informed decision, we recommend reading our crypto wallet review of the Best Crypto Wallets for Australians.

Which crypto has 1000x potential?

Answering the question of which cryptocurrency has the potential to increase 1000x in value is complex and speculative. No one can predict the future of the crypto market with absolute certainty. Several factors can influence a cryptocurrency’s growth potential:

  1. Utility and Adoption: Cryptos addressing real-world problems with clear use cases are more likely to gain traction
  2. Regulatory Environment: Clear and favourable regulations can boost a crypto’s growth prospects.
  3. Community Support: An engaged community can promote awareness and adoption.
  4. Technological Innovations: Unique features or solutions can set a crypto apart.
  5. Market Capitalisation: Cryptos with a lower market cap have an easier time achieving high multipliers, simply due to their smaller size. 
  6. Market Sentiments: Perception and overall market sentiment can swing a crypto’s value.

Always conduct thorough research and consider consulting financial experts before investing. Remember, while some cryptos show promise, predicting 1000x returns remains inherently risky.


We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Donald Trump-Related Crypto Tokens Surge as Former President Survives Assassination Attempt

TokenTalk Staff



Donald Trump-Related Crypto Tokens Surge as Former President Survives Assassination Attempt

In short

Several cryptocurrency tokens associated with the former US president who was shot earlier today have soared in value as he survived the assassination attempt.

According to more recent sources, the man has reportedly been released from a local hospital and is returning to New Jersey.

The cryptocurrency industry has its controversial moments, and the constant creation of tokens tied to global events is one of them.

The ongoing battle for absolute power in the United States between Republican candidate and former President Donald Trump and the current 46th President, Joe Biden, has allowed developers to create several tokens related to both, whose value is often influenced by the events surrounding them.

Crypto-potato reported before the notable price fluctuations of the largest-cap cryptocurrencies that followed the shooting, which led to impressive gains for BTC, SOL, and others.

However, Trump-related tokens have seen even more significant increases. This is perhaps due to the failed assassination attempt and Trump’s reaction immediately afterward, when he stood up and raised his hands in a rather spectacular manner.

As a result, MAGA (TRUMP) skyrocketed over 30% after the news broke. Despite a slight retracement since then, the token is still up 26%, its market cap has risen to $370 million, and it is currently the 167th largest crypto asset.

Another coin, (Donald Trump – TRUMP2024), created primarily for the ongoing presidential battle, has surged 40% in the same time frame. DONALD TRUMP (DONALD) is another example of developers trying to capitalize on the current craze. So far, it seems to be working, as it has surged 35% on the day.


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Top 3 Undervalued Tokens Growing 10x This Year!

TokenTalk Staff



Top 3 Undervalued Tokens Growing 10x This Year!

The cryptocurrency market has shown increased price volatility this week, highlighting increased buying and selling pressure in the cryptocurrency space. Additionally, major tokens have successfully retested their important support levels, indicating a potential bullish price action in the near future.

On the other hand, mid-cap and small-cap altcoins have seen the highest gains, indicating growing investor interest in these crypto tokens. Are you considering investing in undervalued small-cap altcoins for the next bull rally?

Read on because in this article we have covered the top 3 altcoins that are currently trading at significant discounts to their all-time highs, but have solid long-term fundamentals.

Serial Number (MDX):

Built on the HECO chain and launched in January 2021, the Mdex project is an Automated Market Making (AMM) exchange protocol. It is decentralized and works on the concept of pooled funds. Specifically, it uses a dual chain and can also operate on the Ethereum network.

TradingView: MDX/USDT

Notably, MDX price has increased by 129.91% in a day and 132.05% in the past week. This highlights a growing bullish sentiment for the altcoin. Furthermore, with a market cap of $75.215 million, it has secured the 410th position.

The technical indicators SMA and RSI have seen a sharp increase, indicating increased buying-selling pressure in the cryptocurrency sector.

Furthermore, Mdex price is currently discounted by over 99% from the previous all-time high of $10.06 and with strong fundamentals, this altcoin could see a price surge in the near future.

Renzo (REZ):

Renzo is a Liquid Staking token and strategy manager on EigenLayer and is based on the Ethereum chain. Offering a higher yield than ETH staking, it is the interface to the EigenLayer ecosystem and AVS protection.

TradingView: REZ/USDT

With a trading price of $0.0658, a circulating supply of 1.15 billion, and a total supply of 10 billion, Renzo price has secured the 409th position with a market cap of $76,430 million.

The SMA indicator is showing a bullish convergence in the 1D time frame, indicating a strong bullish outlook in the cryptocurrency market. The MACD has been steadily rising in the green histogram with its averages showing a positive crossover. This indicates a positive outlook for the REZ price.

Horizon (ZEN):

A zero-knowledge network-enabled blockchain powered by the largest node infrastructure in the industry, the Horizen project is truly unique. Its interoperability is enabled by the Zendoo protocol. Horizon’s native token “ZEN” is a mineable PoW coin and is listed on all major exchanges.

TradingView: ZEN/USDT

ZEN price continues to trade under bullish price action adding 14.91% to its portfolio in the last day and 23.15% in the last week. Furthermore, it is up 53.62% in the last 30 days and has recorded a Year-to-Date (YTD) return of 31.52%.

With a trading price of $11.35, a circulating supply of 15,204,481 tokens, and a maximum supply of 21 million tokens, it has successfully secured the 237th position in the global cryptocurrency ranking with a market capitalization of $179.56 million.

If the market continues to trade with a bullish sentiment, Horizen price will prepare to head towards its all-time high (ATH) in the coming months. However, a bearish price action could push ZEN coin price towards its low of $7.85.


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TokenTalk Staff



NFTs – Decrypt

Italian: NIBWmh0dHBzOi8vZGVjcnlwdC5jby8yMzk2OTIvYml0Y29pbi1wcmljZS1jbGltYnMtdHJ1bXAtbWVtZS1jb2lucy1zdXJnZS10cnVtcC1hdHRhY2tlZD9hbXA9MQ?hl=it-IT&gl=IT&ceid=IT%3Ait


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Crypto: Bitcoin ETFs Herald a Less Febrile Token in the Long Term, Traders Say

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