What Are the Best Cryptocurrencies for UK Investors 2024?
The cryptocurrency market remains a roller coaster. Let’s take a look at the top-performing coins in the UK.
| Coin Name | Coin Symbol | Market Cap | Max Supply | Mineable | Decentralised |
| Solana | SOL | £6.2 Billion | 539 Million | No | Yes |
| Cardano | ADA | £9.2 Billion | 35 Billion | No | Yes |
| Bitcoin | BTC | £324 Billion | 19 Million | Yes | Yes |
These coins were selected for gaining the most value in the past 7 days(26th January 2023)
Overall Best Cryptocurrencies to Invest in by Type in the UK
Cryptocurrencies are designed to fit various applications in the crypto market, below you’ll find the best option for each category.
Best Store Of Value Cryptocurrency: Bitcoin (BTC)
Holds The Most Market Enthusiasm: Ethereum (ETH)
Most Promising Layer 2 Token: Polygon (MATIC)
Best decentralised Application: Sushi (SUSHI)
Best Alternative To Ethereum: Solana (SOL)
Highest Growth Potential: Ripple(XRP)
The 10 Largest Cryptocurrencies by Market Capitalization in the UK 2024
Now let's take a look at the largest cryptocurrencies by market capitalization. This is an important statistic since these top coins are considered safe investment opportunities.
| Coin Name | Coin Type | Market Capitalization | |
| 1 | Bitcoin | Store of value | £362 Billion |
| 2 | Ethereum | Smart contract coin | £158.1 Billion |
| 3 | Tether | Stablecoin | £54.7 Billion |
| 4 | BNB | Smart contract coin | £39.2 Billion |
| 5 | USD Coin | Stable coin | £34.7 Billion |
| 6 | XRP | Payment System | £16.5 Billion |
| 7 | Binance USD | Stablecoin | £12.6 Billion |
| 8 | Cardano | Smart contract coin | £10.6 Billion |
| 9 | Dogecoin | Meme coin | £9.2 Billion |
| 10 | Solana | Smart contract coin | £7.3 Billion |
Bitcoin
Bitcoin is often labeled as the digital version of gold. It is considered as a perfect investment choice for individuals and institutions rather than a payment solution due to its historical performance. You can purchase this coin with a professional broker service like eToro and other crypto exchanges.
Ethereum
Ether is the largest smart contract token built on the Ethereum blockchain. It was launched in 2015 and by that time, 1 ETH was less than 1 British pound; however, in 2021, it reached £3,500. If you are interested in ETH, you can buy from eToro or any other crypto exchanges.
Tether
Tether is a stable coin that will always remain valued at $1.00. It was launched in 2014 by crypto enthusiasts and runs on several blockchains. The coin is not an investment digital asset but is great to hold for transferring funds between crypto exchanges. Also, you can stake the crypto assets to earn passive income.
BNB
BNB is a smart contract coin for the Binance blockchain network. Binance created its own blockchain networks to synergize with its crypto exchange platform. Though it was earlier minted on Ethereum, it then migrated to the Binance Chain.
USD Coin
USD Coin (USDC) is a stablecoin powered by the Ethereum blockchain. It was launched in 2018 by the Centre consortium. This coin can always be exchanged for US $1, just like Tether. It powers apps with anytime access to financial and payment services. You can buy USDC in different crypto exchanges.
Best Cryptocurrencies to Hold Long Term in the UK - HODL
HODling is an excellent investment strategy due to the high volatility of cryptocurrencies. Here are some great coins that have a long future and you can buy in different crypto exchanges.
| Coin Name | Coin Description | |
| 1 | Bitcoin | Bitcoin is viewed as digital gold due to the store value it holds. It’s considered one of the safest digital assets to hold since many investors and institutions buy this coin.You can buy BTC from different crypto exchanges. |
| 2 | Ethereum | Ethereum is the largest smart contract coin with thousands of decentralized applications built on it. It can be used for utility, store value, and as a payment method. ETH is available in many crypto exchanges. |
| 3 | Polkadot | Polkadot uses a unique sharding system that connects it to multiple incompatible blockchains. Polkadot also has smart contracts, allowing developers to build powerful applications on the blockchain. You can buy and hold Polkadot in many crypto exchanges. |
| 4 | Chainlink | Chainlink allows off-chain data to be transferred on the blockchain securely through oracles. It enhances the capabilities of smart contracts while retaining the security of blockchain technology. LINK is available in many crypto exchanges. |
| 5 | SingularityNet | SingularityNet has built a decentralised marketplace for advanced AI systems and algorithms. The project’s team aims to create the first artificial general intelligence (AGI). |
These digital assets were selected due to the team’s ambitions and the groundbreaking technologies they expect to create. Many of these coins have not reached their full potential and are expected to grow significantly in the future.
HODL is a term used in crypto for people who buy and hold crypto indefinitely. HODLing came from a typo of 'holding' and it implies that holders keep crypto holdings the coin even if the value drops or becomes volatile.
Best Cryptocurrencies to Trade in the UK
When trading, you’ll want to use volatile coins throughout the day with high trading volume. Below you’ll find some excellent trading options for your trading needs.
| Coin Name | Coin Description | |
| 1 | Bitcoin | Bitcoin is the first and largest cryptocurrency created. It’s mostly used as an investment digital asset due to the store value it holds. BTC is available in any crypto exchange. |
| 2 | Ethereum | Ethereum is the largest smart contract coin with thousands of applications built on it. It’s a popular coin with high trading volumes. ETH is available in any crypto exchange. |
| 3 | Dogecoin | Dogecoin is an open-source peer-to-peer digital currency. It started out as a memecoin and has now become a favourite in the crypto community. Dogecoin is available in any crypto exchange. |
| 4 | Polygon | Polygon is a layer 2 cryptocurrency providing ultra-fast and cheap transfers. MATIC is available in any crypto exchange. |
| 5 | Solana | Solana is not only a cryptocurrency but also a platform for running dapps. It uses a “proof of history” mechanism and can process around 50,000 transactions per second. SOL is available in any crypto exchange. |
These coins were selected due to their established technologies, transparent team, and volatility.
Best Cryptocurrencies For Day Trading In The UK
Day trading is done best when the coin you are buying has a high trading volume and swings in value heavily throughout the day.
| Coin Name | Coin Description | |
| 1 | Bitcoin | Bitcoin is a volatile cryptocurrency that swings in price regularly, making it perfect for day trading. The coin is mostly used as an investment digital asset rather than a payment method. You can trade BTC in any crypto exchange. |
| 2 | Ethereum | Ether is the largest smart contract cryptocurrency that is used primarily for applications and payments. Its price swing regularly, making it good for day trading. You can trade ETH in any crypto exchange. |
| 3 | BNB | Binance has created its own blockchain networks to synergize with its crypto exchange platform. BNB uses an auto-burn system to reduce its total supply based on its price and the number of blocks generated on BSC. You can trade BNB in Binance crypto exchange. |
| 4 | The Graph | The Graph is an indexing protocol for querying networks like Ethereum. To put it simply, the coin is used to make data easily accessible across blockchains. You can trade Thr Graph in different crypto exchange. |
| 5 | Dogecoin | Dogecoin is a meme coin that gained popularity in 2021. It has a first movers advantage making it the least risky meme coin to day trade. You can trade Dogecoin in any crypto exchange. |
These digital assets are perfect for day trading activities because of their high trading volume, high liquidity, and volatility.
Best Cryptocurrencies to Swing Trade in the UK
Swing trading is perfect with coins that dip heavily during crashes and recover gradually. Therefore, you should purchase coins with a strong community or strong fundamentals to ensure the price will swing back up.
| Coin Name | Coin Description | |
| 1 | Bitcoin | Bitcoin has a massive market capitalization that swings daily, perfect for various trading strategies. The coin is primarily used to hold value and is often compared to gold. |
| 2 | Dogecoin | DOGE is a meme coin built on the Ethereum blockchain. The coin is known to have a strong community which sometimes pumps up prices with help from celebrities. |
| 3 | Ethereum | Ethereum is the 2nd largest cryptocurrency behind Bitcoin. Like Bitcoin, it offers traders the guarantee of a great community, fundamentals, and growth prospects. |
| 4 | Solana | Solana is a centralised smart contract cryptocurrency with SOL native token. It was created to be a significant competitor of Ethereum with faster transaction times and lower costs. |
| 5 | BNB | BNB is used as a smart contract and utility coin. The project is run by the largest crypto exchange in the world. It's popular on many best crypto exchanges and currently ranks fourth on the crypto market. |
These coins have been selected due to their large market cap, big price swings during dips, and future potential.
Best Cryptocurrencies to Invest In For A Beginner In The UK
Those new to the crypto world should invest in coins that are almost guaranteed to succeed to minimise risk.
| Coin Name | Coin Description | |
| 1 | Bitcoin | Bitcoin is excellent for beginners since it’s mostly used as a store value. Nowadays, the coin is an investment asset by institutions and investors. You can invest in BTC in many best crypto exchanges. |
| 2 | Ethereum | Ethereum provides developers with smart contract functions, allowing them to build advanced programs. Also, it can be used as a payment method. You can invest in ETH in many best crypto exchanges. |
| 3 | BNB | BNB is Binance’s native token that is often used to reduce network fees and trading fees. Also, it has smart contract features, like Ethereum. |
| 4 | Cardano | Cardano is a smart contract coin with £10.6 Billion market capitalization. It is a next-gen evolution of Ethereum's idea, developing a wide range of decentralized finance apps. You can invest in ADA in many best crypto exchanges. |
| 5 | XRP | It is the native token of Ripple, founded in 2011, and the most practical cryptocurrency for financial applications. XRP transaction fees cost $0.0002 per transaction on average. You can invest in XRP in many crypto exchanges. |
These digital assets are perfect for newbies because they are established coins with great future potential.
Top Cryptocurrencies In Recent Years - Most Notable Coins in the UK
The cryptocurrencies mentioned below have performed well during previous bull runs, cementing their place in crypto history.
| Year | Coin Name | Coin Description |
| 2017 | Bitcoin | Bitcoin is a decentralized digital currency that uses a peer-to-peer network. Today, its most common use is as an investment asset. You can find BTC in many best crypto exchanges. |
| 2018 | Tether | Tether is a stable coin used to purchase and trade cryptocurrencies without the need to convert to fiat currency. |
| 2019 | Ripple | Ripple is a global payment solution mainly used by banks. It allows cheap cross-border transactions for large amounts of money. |
| 2020 | Polkadot | Polkadot is a decentralized Web 3.0 token that aims to interconnect blockchains. The cryptocurrency also features smart contract functionality. |
| 2021 | Dogecoin | Dogecoin is a meme token that can be a risky investment asset. Originally it was made as a joke but has become one of the biggest cryptocurrencies in the market. You can find Dogecoin in many best crypto exchanges. |
| 2022 | Cardano | Cardano is a proof-of-stake open-source blockchain platform with smart contract functionality. It’s one of the strongest challengers to Ethereum. You can find ADA in many best crypto exchanges. |
Best Alternatives to Bitcoin - Best Crypto On The Rise in the UK
If you’re looking for an alternative investment to Bitcoin, here are some brilliant trading options.
| Coin Name | Coin Description | |
| 1 | Avalanche | Avalanche is an open-source and programmable smart contracts platform for dapps. At the time of writing, its price is around $20. |
| 2 | Ethereum | Ethereum is a robust blockchain network with solid fundamentals. It has a strong community and is the backbone of exciting decentralised apps. An upcoming upgrade on the network is expected to cement Ethereum’s strong position as a favourite. |
| 3 | Cardano | Cardano is an open-source blockchain technology based on a proof-of-stake mechanism and supports smart contracts. It's one of Ethereum's most potent rivals. |
| 4 | Cronos | Cronos is the native token of Crypto.com. It’s used to pay for many services offered by the crypto trading platform. |
| 5 | Algorand | Algorand is a cryptocurrency intending to solve the blockchain trilemma. It supports smart contracts, payments, and a unique crypto wallet. |
These coins have been on the rise recently for either implementing new technologies or being newly released. They have solid foundations, making them great alternative investment options to Bitcoin.
Should Investors Invest In New Cryptocurrencies and new crypto projects in the UK?
Buying new cryptocurrencies is risky due to the uncertainty of investors and institutions in adopting the coin. Before purchasing a newly developed coin, you should do your research. For example, check the team’s credentials, the problem it aims to solve, and tokenomics.
Top Cryptocurrencies With Small Market Cap
Small market cap coins have low daily volume and small valuations. The benefit of purchasing these cryptocurrencies is their potential growth.
| Coin Name | Coin Type | Market Cap | |
| 1 | SingularityNet | Artificial Intelligence | £167.8 Million |
| 2 | 1inch Network | Crypto Exchange Token | £328.9 Million |
| 3 | 0x | Crypto Exchange Token | £149.5 Million |
| 4 | Synthetix | DeFi (decentralised finance) Token | £465.7 Million |
| 5 | Ocean Protocol | Data Storage | £180 Million |
| 6 | Nano | Payment Method | £92 Million |
| 7 | Yearn.Finance | DeFi (decentralised finance) Token | £219.8 Million |
| 8 | SingularityDAO | DeFi (decentralised finance) Token | £14 Million |
| 9 | NuNet | Utility | £14.5 Million |
These coins were selected due to the problems they aim to solve in the crypto industry. They have massive room for growth, making them perfect investment options.
Best Cryptocurrencies to Invest in Under £1
Here are the top cryptocurrencies valued at under £1.00.
| Coin Name | Coin Description | |
| 1 | Ripple | Ripple is a global payment system mainly used by banks for low trading fees on large transactions. |
| 2 | Cronos | Cronos is used to pay for services on the Crypto.com crypto trading platform. |
| 3 | Dogecoin | Dogecoin is a meme coin used as an investment asset |
| 4 | Algorand | Algorand is a cryptocurrency that aims to solve the blockchain trilemma - Decentralised, Scalable, and Secure. |
| 5 | Zilliqa | Zilliqa allows developers to create user-friendly dApps (decentralised applications) without needing significant programming skills. |
They have been selected for their blockchain technologies, which provide fast transfer times, smart contracts, and communities.
Best Crypto Under 10 Penny
Below are the best cryptocurrencies priced under £0.10.
| Coin Name | Coin Description | |
| 1 | Harmony | ONE is used for all transactions on the Harmony blockchain, such as mining rewards, gas fees, transfer fees, and voting. |
| 2 | VeChain | VeChain is used for asset management for logistics companies. |
| 3 | NEM | New Economy Movement is a cryptocurrency used to manage assets and data inexpensively. |
| 4 | Amp | Amp is an Ethereum token used to collateralize payments on the Flexa Network, making them instant and secure. |
| 5 | Ankr | Ankr provides a Web 3.0 infrastructure and cross-chain staking for DeFi assets. |
Most of these coins have small market caps, resulting in a sub £0.10 value for each coin. They have been selected for their potential growth and the unique problems they aim to solve.
Best Cryptocurrencies Under 1 Penny
The under 1p category features some interesting coins that provide various services.
| Coin Name | Coin Description | |
| 1 | Shiba Inu | Shiba Inu is a meme coin inspired by Dogecoin. It has no value other than crypto holdings and waiting for meme coins to trend. |
| 2 | BitTorrent-New | BitTorrent-New is a file-sharing and torrent platform. It allows users to share data in a decentralised manner. |
| 3 | Dent | Dent is a revolutionary digital mobile operator offering eSIM cards and mobile plans. |
| 4 | Reef | Reef is a smart contract blockchain with backward compatibility with EVM and Solidity. The project is designed to make decentralised applications, DeFi, NFTs (non-fungible tokens), and gaming easy for blockchain enthusiasts. |
| 5 | Telcoin | Telcoin provides low-cost and high-quality financial products for mobile users worldwide. |
These cryptocurrencies have been selected for providing usable services globally. Also, they have active communities on various social media platforms adding legitimacy to their projects.
What Types Of New Cryptocurrencies Are There?
There are various cryptocurrencies in the market that have different functionalities. Let’s go over them in more detail.
Crypto Coins Vs. Tokens
Coins are defined as coins built on their native blockchain platform like Ether of Ethereum; whereas tokens are defined as cryptocurrencies built on already existing blockchain platforms. For example, Ether is a coin whereas Shiba Inu is an ERC-20 token built on top of the Ethereum blockchain.
What Are Altcoins?
Altcoins are any coin other than Bitcoin. BTC is the original cryptocurrency, making every other coin created an “alternative” option.
How Many Cryptocurrencies Are There?
It’s difficult to say the exact amount of how many cryptocurrencies there are since anybody can create a new coin overnight. A rough estimate made by experts is around 22,000. However, the number is likely to increase since many crypto trading platforms allow you to create a coin for a cheap fee.
Why Are There So Many Cryptocurrencies?
Cryptocurrencies use blockchain technology to provide specific services. For example, Ethereum allows developers to build various applications, while XRP is used for global payments. Specialising in a product or service allows the underlying blockchain technology to be more efficient in the task. That’s why we don’t see a jack of all trades in digital currency because it’s better to be excellent in one sector than to be average in all.
Best Cryptocurrencies & Tokens By Category in the UK
Cryptocurrencies can be put in multiple categories based on the service they provide. Let’s dive into the top DeFi, CeFi, meme coins, and more.
Top DeFi Tokens in the UK - Best For Decentralised Financial Services
DeFi cryptocurrencies represent a diverse set of coins used to automate decentralised platforms by using smart contracts to interact with decentralised applications such as crypto exchanges.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| Aave | AAVE | £939 Million | 16 Million | Yes | Yes |
| Cosmos | ATOM | £3 Billion | Uncapped | Yes | Yes |
| Yearn.Finance | YFI | £219.8 Million | 36,666 | Yes | Yes |
| SushiSwap | SUSHI | £226 Million | 250 Million | Yes | Yes |
| Uniswap | UNI | £4 Billion | 1 Billion | Yes | Yes |
Top CeFi Tokens in the UK- Best For Centralised Financial Services
CeFi cryptocurrencies are owned and controlled by a corporation that provides financial services. You cannot use these to interact with decentralised crypto exchanges, but you can use these on centralised staking platforms or similar.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| Ripple | XRP | £16.3 Billion | 100 Billion | Yes | No |
| Quant | QNT | £1.4 Billion | 14.6 Million | Yes | No |
| BNB | BNB | £39 Billion | 200 Million | Yes | No |
| Cronos | CRO | £1.6 Billion | 30.2 Billion | Yes | No |
Top Meme Coins in the UK - Best For Fun & Community Support
Meme coins are cryptocurrencies that were created as a joke, but they often gain value and popularity from the communities that develop.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| Dogecoin | DOGE | £9.2 Billion | Uncapped | Yes | Yes |
| Shiba Inu | SHIB | £5.1 Billion | Uncapped | Yes | Yes |
| Dogelon Mars | ELON | £152 Million | Uncapped | Yes | Yes |
| SafeMoon | SAFEMOON | £2.8 Million | 1 Quadrillion | Yes | Yes |
| DogeBonk | DOBO | £3.7 Million | 1 Quadrillion | Yes | Yes |
Top Stablecoins in the UK - Best For Value Crypto Exchange
Stablecoins were made to prevent the need to crypto exchange tokens for fiat currency when transferring money between crypto exchanges. Their value always stays at $1.00 no matter their market cap.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
|---|---|---|---|---|---|
| Tether | USDT | £54 Billion | Uncapped | Yes | No |
| USD Coin | USDC | £34.7 Billion | Uncapped | Yes | No |
| Binance USD | BUSD | £12 Billion | Uncapped | Yes | No |
| Dai | DAI | £4.7 Billion | Uncapped | Yes | No |
| True USD | TUSD | £ 762 Million | Uncapped | No | No |
Top NFTs & Collectible Tokens in the UK - Best For Collectibles
NFTs (Non-Fungible Tokens) is a technology that allows data to be stored on the blockchain. Each data point has unique verification allowing companies to store unique tickets, art, and collectibles on the blockchain.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| Decentraland | MANA | £1 Billion | Uncapped | Yes | Yes |
| The Sandbox | SAND | £899 Million | 3 Billion | Yes | Yes |
| Axie Infinity | AXS | £917 Million | 270 Million | Yes | No |
| Theta Network | THETA | £844 Million | 1 Billion | Yes | Yes |
| Tezos | XTZ | £812 Million | Uncapped | Yes | Yes |
Top Layer 2 Crypto Coins - Best For Low-Fee Transactions And Speed
Layer 1 cryptocurrency like Ethereum and Bitcoin are optimized for decentralization and maximum security. However, layer 2 coins are built on the existing framework of these blockchains, allowing much faster and cheaper transactions.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| LRC Loopring | LRC | £367 Million | 1.3 Billion | Yes | Yes |
| Polygon | MATIC | £7.8 Billion | 10 Billion | Yes | Yes |
| OMG Network | OMG | £161 Million | 140 Million | Yes | Yes |
| Skale Network | SKL | £120 Million | 7 Billion | Yes | Yes |
| ZRX | 0x | £149.5 Million | 1 Billion | Yes | Yes |
Top Privacy Tokens in the UK - Best For For Anonymity
Privacy tokens are cryptocurrencies that obscure transactions on the blockchain to maintain full anonymity.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| Monero | XMR | £2.6 Billion | Uncapped | Yes | Yes |
| Zcash | ZEC | £588 Million | 21 Million | Yes | Yes |
| Oasis Network | ROSE | £251 Million | 10 Billion | Yes | Yes |
| Secret | SCRT | £100 Million | Uncapped | Yes | Yes |
| Decred | DCR | £269 Million | 21 Million | Yes | Yes |
Top Smart Contract Cryptocurrencies in the UK
Smart contract coins are cryptocurrencies that allow programs to be stored on the blockchain and run when specific conditions are met. Typically, they are used to automate applications like a decentralised crypto exchange.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| Ethereum | ETH | £156 Billion | Uncapped | Yes | Yes |
| BNB | BNB | £39 Billion | Uncapped | Yes | Yes |
| Cardano | ADA | £10.5 Billion | 45 Billion | Yes | Yes |
| Polkadot | DOT | £5 Billion | Uncapped | Yes | Yes |
| Zilliqa | ZIL | £351 Million | 21 Billion | Yes | Yes |
Top DAO Tokens - Best For New Adventures
DAO (Decentralised Autonomous Organization) tokens are best to drive DeFi governance and can be used for investment, charity, creating NFTs, etc.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| Uniswap | UNI | £4 Billion | 1 Billion | Yes | Yes |
| Aave | AAVE | £939 Million | 16 Million | Yes | Yes |
| Curve DAO | CRV | £585 Million | 3 Billion | Yes | Yes |
| SingularityDAO | SDAO | £14 Million | 100 Million | Yes | Yes |
| Synthetix | SNX | £463 Million | 308 Million | Yes | Yes |
Top Storage Tokens - Best For Data Storage in the UK
Storage coins are used by individuals or businesses to deposit data into the chain for personal use and protection. The payment method of this service is usually with native cryptocurrency.
| Coin Name | Coin Symbol | Market Capitalization | Max Supply | Mineable | Decentralised |
| Filecoin | FIL | £1.5 Billion | Uncapped | Yes | Yes |
| BitTorrent New | BTT | £575 Million | Uncapped | Yes | Yes |
| Ocean Protocol | Ocean | £182 Million | 1.4 Billion | Yes | Yes |
| Storj | STORJ | £121 Million | Uncapped | Yes | Yes |
| Arweave | AR | £279 Million | 66 Million | Yes | Yes |
Top Cryptocurrencies to Avoid in the UK(A.K.A Shitcoins)
These coins you’ll want to avoid at all costs since they are considered “Shitcoins”. The name is accurate as these cryptocurrencies have no real value other than being pump-and-dump schemes.
| Coin Name | Reason to avoid | |
| 1 | SafeMoon | SafeMoon aims to deliver a lot on its website. However, it’s a pump and dumb token that relies on trends to gain value. |
| 2 | Dogelon Mars | Dogelon Mars is trying to capitalise on meme tokens gaining popularity. The coin has no real-world value and is a basic pump-and-dump scam. |
| 3 | Floki | Floki is an ERC-20 token named after Elon Musk’s dog. They claim the token is a movement, not a meme token. However, there is no evidence to support this. |
| 4 | ApeCoin | ApeCoin is a new token released by the famous NFTs (non-fungible tokens) community Bored Ape Yacht Club. The reason to avoid these types of coins is they gain huge value quickly but fall significantly when experiencing a small dip. |
| 5 | Fringe Finance | Fringe Finance, previously known as Bonded Finance, is a token that aims to tap into the dormant 50 billion altcoin market that has no use anymore. The team keeps failing on their deadlines, leaving many holders nervous if they can create a functioning crypto trading platform. |
Top Blockchain Ecosystem Protocols - Best For Crypto Enthusiasts in the UK
Blockchain ecosystem protocols refer to a network of participants that share collective objectives and relationships. The coins are excellent for transferring business value efficiently.
| Coin Name | Coin Symbol | Market Cap. | Max Supply | Mineable | Decentralised |
| XDC Network | XDC | £291.8 Million | Uncapped | Yes | Yes |
| Ethereum | ETH | £156 Billion | Uncapped | Yes | Yes |
| Stellar | XLM | £1.9 Billion | 50 Billion | Yes | Yes |
| Tezos | XTZ | £813 Million | Uncapped | Yes | Yes |
| Tron | TRX | £4.5 Billion | Uncapped | Yes | Yes |
Best Cryptocurrencies to Stake in the UK - Top Coins for Passive Income
Staking is an excellent method of earning passive income on your investments. By staking, you validate transactions via the proof-of-stake mechanism, help the network, and receive a percentage reward. Below you’ll find the best and safest cryptocurrencies to stake.
| Coin Name | Coin Symbol | Market Cap. | Max Supply | Proof of Stake (PoS) | Decentralised |
| Ethereum | ETH | £156 Billion | Uncapped | Yes | Yes |
| Cosmos | ATOM | £3 Billion | Uncapped | Yes | Yes |
| Cardano | ADA | £10.5 Billion | 45 Billion | Yes | Yes |
| Polkadot | DOT | £5 Billion | Uncapped | Yes | Yes |
| NEXO | NEXO | £370 Million | 1 Billion | Yes | Yes |
It's important to remember, you can stake tokens that support Proof of Stake (PoS) mechanics as opposed to Proof of Work. Proof of Stake mechanics uses your staked tokens to validate transactions on the blockchain.
Best Web 3.0 Projects, Coins, and Tokens in the UK
Web 3.0 is the next evolution of the internet. It aims to connect human civilization on a much larger scale with decentralization. Cryptocurrency plays a significant role in this next era as the global payment system.
| Ecosystem | Token | Market Cap. | Best for |
| Ethereum | ETH | £156 Billion | Overall Best Web 3.0 ecosystem |
| Uniswap | UNI | £4 Billion | Uniswap is a decentralised crypto exchange and is one of the best for decentralised trading. |
| Basic Attention Token | BAT | £305 Million | One of the best for privacy and marketing |
| Chainlink | LINK | £2.8 Billion | It is a dAPI (decentralised API) project, with a decentralised oracle network. LINK is the best token for connecting blockchain networks together. |
| Decentraland | MANA | £1 Billion | One of the unicorns in metaverse (a virtual world build on the blockchain) |
| Yearn.Finance | YFI | £219.8 Million | Best in the lending space |
| Cosmos | ATOM | £3 Billion | Best for connecting digital currency projects together |
| The Graph | GRT | £629 Million | Best for indexing blockchain projects a.k.a the Google of Web 3.0 |
| Tron | TRX | £4.5 Billion | One of the best for content creators |
| Solana | SOL | £6.2 Billion | One of the most cost-effective and fast networks |
| BNB | BNB | £39.2 Billion | One of the biggest ecosystems of Web 3.0 |
Best Crypto For Mining in the UK
Crypto mining can be a very profitable venture if you select the right coin. Below is a list of the easiest coins to set up for mining.
| Coin Name | Coin Symbol | Market Cap. | Max Supply | Mineable | Decentralised |
| Litecoin | LTC | £5.4 Billion | 84 Million | Yes | Yes |
| Monero | XRM | £2.5 Billion | Uncapped | Yes | Yes |
| Ethereum | ETH | £156 Billion | Uncapped | Yes | Yes |
| Bitcoin | BTC | £362 Billion | 21 Million | Yes | Yes |
| Ravencoin | RVN | £275.6 Million | 21 Billion | Yes | Yes |
Best Cryptocurrencies to Mine With GPU in the UK
Most cryptocurrencies are mined with a GPU due to their ability to mine faster and more efficiently. Take a look at the top cryptos that are best mined with a GPU setup.
| Coin Name | Coin Symbol | Market Cap. | Max Supply | Mineable | Decentralised |
| Bitcoin | BTC | £362 Billion | 21 Million | Yes | Yes |
| Ethereum | ETH | £156 Billion | Uncapped | Yes | Yes |
| Monero | XMR | £2.5 Billion | Uncapped | Yes | Yes |
Best Cryptocurrencies to Mine On CPU in the UK
Typically, you want to avoid using a CPU to mine because it’s inefficient and wears down faster. Due to the less computing power, you’ll want to mine coins with easier equations to solve.
| Coin Name | Coin Symbol | Market Cap. | Max Supply | Mineable | Decentralised |
| Dogecoin | DOGE | £9.2 Billion | Uncapped | Yes | Yes |
| Zcash | ZEC | £588 Million | 21 Million | Yes | Yes |
| Haven Protocol | XHV | £17 Million | Uncapped | Yes | Yes |
Best Cryptocurrencies to Mine On Laptop in the UK
To mine on a laptop, you’ll need either a powerful GPU or CPU to generate the most profit. Since these smart devices have less power, you’ll want to select a cryptocurrency that is easy to mine.
| Coin Name | Coin Symbol | Market Cap. | Max Supply | Mineable | Decentralised |
| Ethereum Classic | ETC | £2.4 Billion | 210.7 Million | Yes | Yes |
| Dogecoin | DOGE | £9.2 Billion | Uncapped | Yes | Yes |
| Shiba Inu | SHIB | £5.1 Billion | Uncapped | Yes | Yes |
Best Cryptocurrencies to Mine With Nvidia Card in the UK
Nvidia cards are the best option for mining cryptocurrencies due to their powerful cores and processing speed. Below are the best coins to mine with an Nvidia card.
| Coin Name | Coin Symbol | Market Cap. | Max Supply | Mineable | Decentralised |
| Bitcoin | BTC | £362 Billion | 21 Million | Yes | Yes |
| Ethereum | ETH | £156 Billion | Uncapped | Yes | Yes |
| Monero | XMR | £2.5 Billion | Uncapped | Yes | Yes |
Are There Any More Types of Crypto to Buy?
Unfortunately, these coins didn’t make it into the other categories but are worth researching. They have excellent tokenomics, trustworthy teams, and huge community.
| Coin Name | Coin Symbol | Market Cap. | Max Supply | Mineable | Decentralised |
| Avalanche | AVAX | £4.5 Billion | Uncapped | Yes | Yes |
| Hedera | HBAR | £1.3 Billon | 50 Billion | Yes | Yes |
| Fantom | FTM | £1 Billion | 3.175 Billion | Yes | Yes |
| Helium | HNT | £299 Million | 223 Million | Yes | Yes |
| Dash | DASH | £559 Million | 18.9 Million | Yes | Yes |
If I had £1,000 to Invest In Cryptocurrency - Which Crypto Should I Buy?
If you had £1,000 to invest in cryptocurrency you should diversify your portfolio between multiple categories. The amount you put in each category depends on the risk you want to take on. The safest option is to put your money into Ethereum and Bitcoin, but the profits will be much smaller compared to other altcoins.
Stable Coins
Although they will not gain value, you can stake them to earn passive income.
Blue Chip Coins
Cryptocurrencies like Ethereum and Bitcoin are considered blue-chip coins because they are expected to always gain value in the long-term future.
Web 3.0 Tokens
The next era of the internet will rely on multiple Web 3.0 tokens like SingularityNet, Chainlink, and Filecoin for their services.
Layer 2
These coins make the parent blockchain much faster and cheaper. Also, they provide utility for millions of users.
Best Cryptocurrencies That Will Go to The Moon According to Reddit
| Coin Name | Reddit Community Name | # of Subscribers |
| Algorand | R/AlgorandOfficial | 70.7k |
| Cardano | R/Cardano | 693k |
| Polkadot | R/DOT | 40.7k |
| Ethereum | R/Ethereum | 1.6m |
| Bitcoin | R/Bitcoin | 4.8m |
Investors use the term 'to the moon' when hoping for a big increase in their cryptocurrency or other asset's value. The phrase comes from the moon sitting in the sky and ultimately the value of a coin or token going 'sky high'.
Best Cryptocurrencies by Broker and Crypto Exchange in 2024 in the UK
Cryptocurrency brokers and crypto exchanges receive different volume rates on their crypto trading platforms. Let’s take a look at the most popular coins they provide.
Top 5 in the UK- Best Cryptocurrencies On Coinbase
Coinbase is a beginner-friendly crypto exchange that offers hundreds of coins to buy and stake.
| Coin Name | Market Cap. | Fees |
| Bitcoin | £362 Billion | 1% transaction fee |
| Ethereum | £156 Billion | 1% transaction fee |
| Tether | £54 Billion | 1% transaction fee |
| BNB | £39 Billion | 1% transaction fee |
| USD Coin | £34.7 Billion | 1% transaction fee |
Best Crypto to Buy On Robinhood in the UK
Robinhood is a crypto broker that facilitates transactions and lets investors purchase various altcoins.
| Coin Name | Market Cap. | Fees |
| Bitcoin | £362 Billion | No fees |
| Bitcoin Cash | £2 Billion | No fees |
| Dogecoin | £9.2 Billion | No fees |
| Ethereum | £156 Billion | No fees |
| Litecoin | £5 Billion | No fees |
Best Crypto to Buy On eToro in the UK
eToro is the largest and most beginner-friendly crypto broker. They provide various cryptocurrencies, stocks, and commodities to buy.
| Coin Name | Market Cap. | Fees |
| Ethereum | £156 Billion | 1% |
| Polygon | £7.8 Billion | 1% |
| Solana | £6.2 Billion | 1% |
| Decentraland | £1 Billion | 1% |
| The Sandbox | £899 Million | 1% |
Best Crypto to Buy On Gemini in the UK
Gemini is a crypto wallet that allows users to purchase Bitcoin and various altcoins.
| Coin Name | Market Cap. | Fees |
| Bitcoin | £362 Billion | from £0.99 |
| Ethereum | £156 Billion | from £0.99 |
| Chainlink | £2.8 Billion | from £0.99 |
| Dogecoin | £9.2 Billion | from £0.99 |
| Ethereum Classic | £2.4 Billion | from £0.99 |
Best Crypto to Buy On Crypto.com in the UK
Crypto.com is an crypto exchange platform that provides a huge selection of crypto assets. Moreover, they have a unique debit card, various staking programs, and lending best trading options.
| Coin Name | Market Cap. | Fees |
| Bitcoin | £362 Billion | from 0.075% |
| Ethereum | £156 Billion | from 0.075% |
| Solana | £7.3 Billion | from 0.075% |
| Litecoin | £5 Billion | from 0.075% |
| Aave | £1.2 Billion | from 0.075% |
Best Crypto to Buy on Naga in the UK
Naga is a crypto trading platform that allows users to invest in altcoins, penny stocks, and indices.
| Coin Name | Market Cap. | Fees |
| Binance Coin | £40 Billion | No fee |
| Bitcoin | £362 Billion | No fee |
| Ethereum | £156 Billion | No fee |
| Litecoin | £5 Billion | No fee |
| Ripple | £16.7 Billion | No fee |
Why Invest in Cryptocurrencies in the UK?
There are several reasons why you’d want to invest in cryptocurrency today. Below are the main factors-
More Practical Use:
Cryptocurrencies can be used as investment assets or as a payment method. With crypto, you can transfer funds globally within minutes at ultra-low transaction fees, making it more practical than banks.
Anonymity:
If you want your finances to become anonymous, purchasing crypto can help disclose personal information. All crypto wallets have unique addresses allowing users to be fully anonymous. Moreover, you can take it a step further and use privacy coins that encrypt transaction data, making it untraceable.
Support for the Decentralised Financial System:
By purchasing cryptocurrency, you are supporting the decentralised financial system. Ultimately, when crypto gains widespread adoption, it will replace banks with transparent institutions.
Profitability:
Cryptocurrencies are great investment opportunities due to their high volatility. Purchasing a coin early can generate significant gains for your investment portfolio.
What Should You Pay Attention to When Choosing A Crypto to Invest in the UK?
Many beginners fail to do their research when buying a coin and lose out on potential profits. Also, multiple scams take on the appearance of a legitimate project, tricking people into investing. Therefore, you should take the time to thoroughly research a project before allocating a large portion of your portfolio.
Buy Cryptocurrencies At The Right Moment:
Typically, when prices surge to new all-time highs, a correction is bound to happen, creating the perfect opportunity to buy. These dips provide the perfect moment to stock up on the cryptocurrency you’ve selected.
Choose A Safe Online Broker:
Before buying any coin, ensure the platform you are using is legitimate. They must be regulated by a respected authority and have a license to operate. Also, they should provide multiple layers of security.
Invest In The Best Crypto:
Purchase coins with a future in the crypto market since they are less riskier. Projects with strong fundamentals are bound to rise in price as they get adopted.
Do Not Assume That There Are No Risks In Investing In Cryptocurrencies:
Investing in cryptocurrency is risky due to the high volatility. You should expect huge price swings that could put your portfolio in the negative.
What to Look For In Good Cryptocurrencies?
There are a few factors you can look into to determine if a coin is a good investment. Let’s analyse them in greater detail.
Adoption Rate:
How quickly the coin is getting adopted by individuals and companies is important to determine its longevity. The cryptocurrency you’ve selected should have multiple partnerships in the pipeline to ensure a fast growth rate.
Market Cap:
The value of a coin is determined by the market cap. If it’s in the billions, the coin is unlikely to grow substantially and increase the value of each token. However, a good project with a low market cap showcases room to grow and generate significant profits for crypto investors.
Promising New Technology:
Coins that promise new groundbreaking technologies usually have a lot of hype that can impact prices positively. If the cryptocurrency becomes successful, those who invested early will reap the rewards.
Security Or Anonymity Features:
The cryptocurrency’s blockchain must use advanced security to protect it from being compromised. You can find what precautions the team took in the whitepaper.
Industry Utility:
For a cryptocurrency to grow in value, it must provide utility for companies or individuals. Look at what problem the coin aims to solve and determine if it’s worth an investment.
Can Cryptocurrencies Be Used For Illegal Activity In The UK?
Cryptocurrencies can be used for illegal activities due to their nature of being decentralised and hard to trace. Moreover, with coins like Monero and Zcash, all transactions are effectively deleted, making it difficult to follow how much and where the money is going. Therefore, criminals have turned to cryptocurrency as a payment method since the government cannot accurately trace the money.
What Are The Most Popular Cryptocurrencies Used For Illegal Activity in the UK?
Bitcoin was the first cryptocurrency adopted by criminals for its advanced security, difficult-to-trace transactions, and anonymity. Most notably, it was the main currency used on Silk Road, a website that sold various illegal items. However, with the creation of privacy coins like Monero and Zcash, transactions were hidden, making them perfect for illegal activities.
| Coin Name | Market Cap. | Why it's being used for illegal activity |
| Bitcoin | £362 Billon | Bitcoin is the first decentralised and almost impossible-to-track cryptocurrency, which makes it the perfect choice for illegal activity |
| Monero | £2.5 Billion | Monero is the largest privacy coin that is perfect for those participating in illegal activities. All transactions are deleted, and nobody can see how much each crypto wallet holds. |
| Zcash | £588 Million | Zcash allows anonymous and untraceable transactions between crypto wallets. Also, no institution can find out how much cryptocurrency each crypto wallet holds. |
Which Crypto to Buy in the UK?
The cryptocurrency market is valued at over £845 billion, with around 22,000 cryptocurrencies to buy. We’ve gone over the best coins for each category to make it easier for you to decide what to invest in. If you’re interested in Web 3.0 and the next era of the internet, then Ethereum, Cosmos, Decentraland, and The Graph are some excellent coins to buy.
When investing in cryptocurrencies, it’s vital to do the research beforehand to ensure the coin has a bright future. The main factors you should look at are the founding team, tokenomics, and the service they aim to provide. Remember that crypto is highly volatile, so invest accordingly.
