Best Cryptocurrencies To Trade In Canada For March 2024

As crypto asset is becoming more and more popular in the world, Canada, one of the most developed economies is the world, is attempting to embrace the emerging fintech sector. With more institutional adoption and regulatory clarity, there are a variety of options for investors to choose for cryptocurrencies. Whether you are a beginner or a advanced investor, obtaining huge and sustainable return is your top priority, thus identifying which cryptocurrencies to buy for promising returns is crucial for all investors.

In this article, we will introduce the best cryptocurrencies to trade in Canada for March 2024, no matter you are a newcomer or a experienced trader in Canada, we believe this article will help you become more forward-looking and make better choice in the digital era.

Bitcoin(BTC)

Invented in 2009 by Satoshi Nakamoto, Bitcoin is the first decentralized cryptocurrency. Bitcoin is a cryptocurrency based on decentralization, which does not need to be managed by any bank or single manager, adopts peer-to-peer network and consensus initiative, open-source code, and uses blockchain as the underlying technology. As cryptocurrencies are increasingly evolving, Bitcoin has become one of the most popular crypto tokens with market cap up to $1 trillion CAD ($759 billion USD) and its price has skyrocketed. Because it is a very matured and stable coin, we would strongly recommend it for those who just start entering the crypto world.

Bitcoin Chart

Ethereum (ETH)

Only after Bitcoin, Ethereum has became one of the most dominant coin in the crypto market. Ethereum’s most notable feature is its pioneering role in introducing Smart Contracts to the blockchain world. Smart Contracts are self-executing, tamper-proof agreements with predefined rules that automatically execute when certain conditions are met, which enables businesses and individuals to establish trustless relationship in transaction. Besides, fast transaction processing and high security features also attract many investors. However, high transaction fee and may scare away some potential users. Now, Ethereum’s market cap records $340 billion CAD ($252 billion USD).

Ethereum Chart

Dogecoin (DOGE)

Launched in December 2013 by Jackson Palmer and Billy Markus, Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It records impressive growth due to a dedicated community, creative memes and relative low fee. Unlike other coins, there is no limit on the number of Dogecoin that can be created, which may rise concerns that Dogecoin could become an inflationary coin as supply increases.

Dogecoin Chart

Cardano (ADA)

Founded in 2015 by Charles Hoskinson, Cardano (ADA) is a decentralized proof of stake (PoS) blockchain designed to be a more efficient alternative to proof of work (PoW) networks. Like Ethereum, ADA enables smart contracts and decentralized applications and its structured architecture allows for smart contracts, ensuring adaptability and scalability while maintaining robust security measures. However, despite its advantages, Cardano is still relative new and has not achieved adoption like Bitcoin and Ethereum.

Cardano Chart

Conclusion

As the crypto market is thriving, there are various options for investors in Canada to choose. We are very sure that the journey to select a suitable coin to invest in 2024 is exciting and full of opportunity. We believe the above information is useful for you.

 

Choosing a suitable exchange is also crucial in the process of trading cryptocurrencies. Here, we would like to introduce BTCC, one of the longest-running exchange in the world, for your trading. BTCC stands out with its excellent advantages, like industry-leading security, high liquidity & volume, extremely low fees, flexible funding options, etc. We believe join BTCC would make your cryptocurrencies trading journey more delightful!