Altcoin (Altcoins) or alternative coin refers to cryptocurrencies that are different from Bitcoin, or in other words Bitcoin alternatives. With 25,000+ altcoins listed on CoinMarketCap, investors have plenty of options to choose the right digital assets for their portfolio. Several altcoins have seen significant growth over the past year.
For example, according to CoinMarketCap, altcoins such as Ethereum (ETH) and Binance Coin (BNB) have grown over 500% and 1000% respectively. If you’re looking for the best altcoins to invest in, you’re in the right place.
In this guide we discuss the best altcoins to buy right now – all altcoins that get a mention in this guide offer attractive growth potential. We talk about upcoming altcoins that are currently in presale and altcoins from new projects.
What Are The Best Altcoins To Buy In 2024 – Review
Below is a list of what we think are the best altcoins to buy this year. Keep a diversified portfolio, because while altcoins have a higher potential return, there is also a higher potential to make a loss, so to speak.
- Sponge V2 – is an updated version of Sponge Token with a unique Stake-to-Bridge mechanism that allows investors to purchase and stake Sponge V1 tokens to earn Sponge V2 tokens and staking rewards. Sponge V2 also stands out with its upcoming Play-to-Earn game, which offers an exciting user experience and additional earning opportunities.
- Bitcoin ETF – An innovative altcoin that rewards investors based on real Bitcoin ETF endorsements. BTC ETFs offer both utility and the potential for attractive returns.
- Bitcoin Minetrix – is an innovative and environmentally friendly Bitcoin mining method that is also profitable and offers a stake-to-mine feature
- Meme Kombat – Offers a unique gaming platform where users bet on meme character battles using a decentralized Web3 infrastructure. $MK, priced at $1.667, promises 112% annual returns and is slated for listing on decentralized exchanges. Founded by veteran Matt Whiteman, the project combines blockchain, AI, and memes and is gaining notoriety in the crypto community.
- TG.Casino – a new altcoin that will help revolutionize the online gambling industry by adding the security and speed of transactions backed by digital tokens and the power of Telegram. Investors can earn passively by staking cryptocurrency or using it to earn online casino rewards.
- Wall Street Memes ($WSM) – These are the best altcoins in the crypto community, representing the ultimate anti-capitalist Web3 meme coin. This coin is a symbol of resistance to traditional financial systems, offering a unique investment opportunity in the world of decentralized finance.
- yPredict – AI based trading platform that unlocks profitable APYs with $YPRED altcoins. yPredict uses the power of artificial intelligence to predict market trends, offering investors the opportunity to earn significant returns.
- Launchpad XYZ – These altcoins are changing the game by making Web3 accessible to everyone. Launchpad XYZ is a platform that democratizes access to blockchain technology, allowing everyone to participate in a decentralized economy.
- Bitcoin BSC – An innovative altcoin that combines the legacy of Bitcoin with the speed and efficiency of Binance Smart Chain (BSC). It simulates the history of Bitcoin since 2011 and offers staking rewards. The presale price is set at $0.99, reminiscent of Bitcoin’s 2011 price. Unsold tokens from the pre-sale will be added to the Bitcoin BSC staking contract. The pre-sale offers investors an opportunity to receive income and support the price of the token.
- Chimpzee (CHIMPZ) – The unique Chimpzee ecosystem is a network of Web3 platforms and features interconnected. These platforms include Shop2Earn, Trade2Earn, and Play2Earn, each offering different ways to make a profit while saving the environment and animals. The pre-sale has raised $600,000.
Cryptocurrency is a highly volatile unregulated investment product.
The best altcoins (altcoins) – a more comprehensive overview of investing
Investing as a beginner can be tricky. Venture capital investments in altcoin projects hit an all-time high in the first half of 2023, totaling more than $10 billion, according to a recent CoinDesk report. Altcoins make up a significant portion of daily cryptocurrency trading volume.
According to CoinGecko, the average trading volume of altcoins exceeds $100 billion per day. Considering how many digital currencies are currently in circulation, choosing the best altcoins for your portfolio is no easy task. You also need to choose the best altcoin broker with the lowest fees.
You also need to study the objectives of the project, its historical price movement, current market capitalization and other key factors. In this regard, the chapters below provide a complete analysis of this year’s best altcoins to invest in.
Our list of trending cryptocurrencies that could potentially make you a lot of money starts with the Sponge V2 token. At the end, we also briefly describe how to buy cryptocurrency.
1. Sponge V2 token – the latest community-driven meme coin or altcoin (altcoins)
Sponge V2, the direct successor of the highly successful Sponge token, marks its grand return to the meme coin arena. Launched in the midst of an expected bull market, Sponge V2 introduces a novel Stake-to-Bridge mechanism, a unique approach in the crypto world. Building on the legacy of Sponge V1, which achieved a market cap of nearly $100 million and over 13,000 token holders, Sponge V2 is poised to repeat and surpass the success of its predecessor.
What is Sponge V2?
Investors seeking Sponge V2 tokens must participate in a unique process: buying and staking Sponge V1 tokens through Sponge.vip. This innovative strategy not only reserves an equivalent amount of V2 tokens but also guarantees staking rewards for 4 years, starting at a minimum of 40% APY. The staking process locks V1 tokens permanently, marking a significant transition to the new Sponge V2 ecosystem.
Sponge V2 adds its charm to introduce a bespoke Play-to-Earn (P2E) game that enhances the utility of the token and provides an interactive and rewarding experience for the community. Available in both free and paid versions, this P2E game allows players to earn additional $SPONGEV2 tokens, adding a fun and engaging dimension to token value.
Advance sale
Sponge V2 stands out as an exclusive launch, this token can only be obtained through the staking process, offering a special bonus when buying and staking. As Sponge V1 is phasing out after the launch of V2, Sponge V2 will try to absorb all the excitement and potential of the meme coin market.
| Start of pre-sale | December 2023 |
| Supported currencies | ETH |
| Blockchain | Ethereum (ETH) |
| Minimum investment | Missing |
| Maximum investment | Missing |
If you want to stay up to date with the news of this project, join the Sponge V2 community on Twitter and Telegram.
Visit the Sponge V2 presale now!
Cryptocurrency is a highly volatile unregulated investment product.
2. Bitcoin ETF – Innovative altcoin (altcoins) that rewards investors based on real Bitcoin ETF confirmations
The Bitcoin ETF token (BTCETF) is an innovative ERC-20 token designed to operate within the growing landscape of Bitcoin ETFs. It is a speculative and utility altcoin that aims to capitalize on the anticipated acceptance and launch of Bitcoin ETFs, particularly in the US financial markets.
What is a Bitcoin ETF?
BTCETF has been created as a visionary project to not only anticipate but also benefit from the anticipated wave of Bitcoin ETF approvals by regulators such as the SEC. This provides the crypto community with a unique opportunity to interact with a token that is directly impacted by significant events in the cryptocurrency space, especially those surrounding Bitcoin ETFs.
Here are some of the strengths of the project:
- The first of its kind: BTCETF is a revolutionary token that rewards buyers based on actual Bitcoin ETF approval events, combining speculative and utility aspects.
- Deflation and Rewards: The supply of tokens decreases over time, which can lead to increased demand and value, while staking offers passive rewards.
- Transparency: Project goals and rewards are tied to transparent real-world events in the cryptocurrency market.
- Stability Measures: Deflation measures and staking are designed to make the token more resilient to post-presale market crashes, thereby reducing selling pressure.
Tokenomics and pre-sale
BTCETF’s total token supply is set at 2,100,000,000, strategically split between pre-sale, reward contribution, liquidity, and token burning. The project imposes a 5% burn fee on each transaction, which aims to reduce the supply of tokens over time, with the goal of burning 25% of the total token supply when the project reaches predetermined milestones. This deflation strategy is designed to benefit long-term owners and ease selling pressure.
The Bitcoin ETF Token (BTCETF) pre-sale stage is a seed period designed to build a strong community base for the project. At this stage, 40% of all BTCETF tokens, representing 840,000,000 units, are set aside for purchase by early supporters at a price of $0.005 per token (stage 1).
This pre-sale is designed to provide investors with a favorable entry point ahead of the expected surge in demand that may follow the approval of Bitcoin ETFs. With an initial market cap of $12,390,000, the pre-sale provides participants with a strategic opportunity to become stakeholders in a project that sits at the intersection of cryptocurrency innovation and traditional financial market development.
| Start of pre-sale | November 2023 |
| Supported currencies | ETH, USDT |
| Blockchain | Ethereum (ETH) |
| Hard Cap | $4,956,000 |
| Minimum investment | Missing |
| Maximum investment | Missing |
If you want to keep up with the news of this project, join the Bitcoin RTF community on Twitter and Telegram.
3. Bitcoin Minetrix – is an innovative altcoin(altcoins) and environmentally friendly Bitcoin mining method that is also profitable
Bitcoin Minetrix is ??a Stake-to-Mine ERC-20 token that revolutionized cloud mining.
With its innovative stake mining feature, Bitcoin Minetrix simplifies the process of passive income from stakes and mining. It promotes the sustainability of cloud mining while increasing security through decentralization, making Bitcoin mining accessible to everyone.
This innovative method eliminates the need to purchase mining contracts from intermediary companies and reduces the risk of losing money from contract payments.
Individuals can bypass the need for technical knowledge and large investments to start Bitcoin mining. Instead, they can get the same or greater benefits by simply buying $BTCMTX tokens. It is important to mention that the Bitcoin Minetrix platform is available as a mobile app and a website.
Advance sale
Bitcoin Minetrix started premarketing on September 26th and the price of one token is $0.011. Cryptocurrency can be purchased from the project’s official website (button below) using ETH or USDT.
The pre-sale of the project consists of as many as 10 pre-sale phases. Therefore, the earlier you join the presale, the better price tokens you can buy.
| Start of pre-sale | September 2023 |
| Supported currencies | ETH, USDT |
| Blockchain | Ethereum (ETH) |
| Hard Cap | 32,000,000$ |
| Minimum investment | 10$ |
| Maximum investment | Missing |
If you want to stay up to date with the news of this project, join the Bitcoin Minetrix community on Twitter, Telegram, and Discord.
Visit the Bitcoin Minetrix Presale Now!
Cryptocurrency is a highly volatile unregulated investment product.
4. Meme Kombat – a unique bet to earn playing altcoin (altcoins)
Meme Kombat, the bet-to-earn game, announced its new crypto presale on September 21, 2023, one of the most prominent releases of the year. The platform uniquely allows users to bet on battles between meme characters, boosting, and a decentralized Web3 infrastructure. This innovative project seamlessly combines betting, memes, and games.
The Meme Kombat token denoted as $MK, is currently priced at $1.667, offering stakeholders an attractive 112% Annual Return (APY). As the project gains momentum, this altcoin will be listed on decentralized exchanges, suggesting a potential 10x return for early investors.
Gameplay promises excitement with its inaugural season featuring 11 meme characters for players to bet on, and expectations will rise when a second season is announced in December 2023. In terms of security, the project is undergoing a smart contract audit to ensure transparency and trust in its users.
An important feature of Meme Kombat is its doxxed founder Matt Whiteman. With two decades of experience in process design and improvement, Whiteman also holds the title of COO of Netherlands-based NFT trading and analysis platform North Technologies.
Meme Kombat Arena, the heart of the game, allows automated, transparent on-chain battles between meme coins. Brought to life with state-of-the-art AI technology, these battles ensure dynamic, unpredictable, and fair sequences. The platform’s betting system is designed to reward both time and engagement, using an automatic mechanism for pre-sale buyers and daily bonuses.
From a Tokenomics perspective, the total supply of altcoins is 12,000,000, half of which is for pre-sale. Meme Kombat’s unique blend of blockchain, AI, and memes positions it as a novel competitor in this booming market.
Those interested can purchase the Meme Kombat token using ETH, BNB, or USDT. The project’s official online presence is hosted on Memekombat.io, with active communities on both Twitter and Telegram.
| Start of pre-sale | September 2023 |
| Supported currencies | ETH, BNB, USDT |
| Blockchain | Ethereum (ETH) |
| Hard Cap | 10,000,000$ |
| Minimum investment | 5$ |
| Maximum investment | Missing |
Visit the Meme Kombat presale now!
Cryptocurrency is a highly volatile unregulated investment product.
5. TG.Casino – new altcoins (altcoins) that will help revolutionize the online gambling industry
The cryptocurrency casino market has been developing since 2017, and they are distinguished from traditional online casinos by reliable, anonymous, and secure payment transactions and the absence of KYC. TG.Casino is a revolutionary crypto casino aimed at players looking for new ways to play for money, build relationships, and earn rewards.
TG.Casino wants to transform the online casino market and use the Telegram platform, which is currently used by over 1 billion users. The result is a gambling platform that can be used anywhere in the world, maintaining anonymity and additionally earning money by staking the official token of the $TGC project.
The supply of $TGC is 100 million tokens and in the future, the coin may have deflationary features due to the periodic “burning” of coins. The creators of the project decided to allocate 40% of the total supply for pre-sale purposes, which are to build the foundations of the project, encourage investors to make cheap purchases, and increase interest in the new cryptocurrency.
Another 20% of the offering will provide liquidity on the DEX exchange, 20% will go to staking rewards, 10% to regular user rewards, and 5% to partners supporting platform development and other marketing purposes.
The $TGC token pre-sale is ongoing and will end when the soft cap of $1 million is reached. As the project creators confirm, the $TGC token pre-sale price of only 0.125 USD will never happen again, so now is the best time to make cheap purchases and automatically earn passive income through betting. Investors who decide to buy above $5,000 can look forward to additional rewards in the form of exclusive NFTs.
| Start of pre-sale | September 2023 |
| Supported currencies | ETH, BNB, USDT |
| Blockchain | Ethereum (ETH) |
| Hard Cap | 5,000,000$ |
| Minimum investment | 12.5$ |
| Maximum investment | Missing |
Visit the TG.Casino presale now!
Cryptocurrency is a highly volatile unregulated investment product.
6. Wall Street Memes ($WMS) – The best altcoins in the crypto community – The ultimate anti-capitalist Web3 meme coin
Wall Street Memes and its token $WMS is a brand new crypto project whose presale has now successfully ended. It is the number 1 new meme coin of the crypto community, the ultimate anti-capitalist Web3 token.
The Wall Street Memes project is supported by a large meme movement. This project is special because they have a massive and loyal existing Twitter and Instagram community. And it’s even Elon Musk Tweetind, which surely guarantees that the Wall Street Memes project will be successful and listed on the major Tier 1 stock exchanges.
Wall Street Memes has a combined following of over 400,000 members across its main social media accounts and the official token of this movement is the $WSM token. As mentioned above, $WSM as a whole is a honey coin. It has no utility but is supported by a large meme movement. This Token is just an extension of the Wall Street Meme platform, allowing its community to potentially get rich while enjoying the highest level meme content created by the Wall Street Memes team.
$WSM Tokenomics and Presale
The $WSM token supply is 100% (2,000,000,000 tokens) for the Wall Street Memes community, of which 50% (1,000,000,000 tokens) were available in the presale, 30% for community rewards, 10% for CEX listings, and 10% for DEX listings. The pre-sale of the project consisted of 30 different stages. At the moment, the $WSM pre-sale has ended and you can buy $WSM tokens on the OKX exchange.
Through the token presale, users were able to join the $WSM army and get a chance to win a $50,000 airdrop contest, which included following the Wall Street Meme accounts on Twitter, joining their Telegram channel and Discord community, and visiting their website wallstmemes.com.
Wall Street Memes is the real king of meme coin season. It could become the new Pepe or Dogecoin! Don’t miss a good opportunity!
| Start of pre-sale | May 26, 2023 |
| Supported currencies | ETH, USDT |
| Blockchain | Ethereum |
| Hard Cap | 30,577,000$ |
| Minimum investment | Missing |
| Maximum investment | Missing |
Buy $WSM tokens!
Cryptocurrency is a highly volatile unregulated investment product.
7. yPredict – AI based trading platform, unlock profitable APYs with $YPRED altcoins (altcoins)
yPredict is an AI-powered trading research and analysis platform that provides detailed insight and analysis of the crypto space. The platform uses AI technologies such as machine learning to provide predictive models that aim to give investors a better understanding of how the crypto space may perform in the future.
$YPRED is the base currency of the platform that can be held to access the platform, make payments, earn staking rewards, and learn about earning opportunities. The $YPRED token can be purchased through an ongoing presale that offers discounts on the token price.
Token holders get free access to the yPredict analytics platform and the ability to purchase subscriptions to the predictive model through the yPredict Marketplace. With a limited total supply of 100 million tokens, $YPRED enables attractive rewards of 10% of platform revenues. In addition, through the various betting pools offered by the platform, it is possible that part of the offer is locked.
Users can access the models by placing orders on the yPredict market with $YPRED. In addition, the platform’s patent-pending pattern recognition algorithm assigns a confidence score to the expected price action, which follows the formation of the pattern based on its past accuracy.
yPred pre-sale:
By launching the Play-to-Earn feature, users can place directional bets on the future price movement of certain cryptocurrency assets and receive a share of the $YPRED tokens in the prize pool.
The price of the YPRED token is currently only $0.03889 per token and will increase to $0.045 by the time the listing takes place – a 15.7% jump in price.
| Start of pre-sale | February 13 |
| Purchase methods | ETH, BNB, MATIC, Credit Card |
| Blockchain | POLYGON |
| Minimum investment | Missing |
| Maximum investment | Missing |
8. Launchpad XYZ – These altcoins make Web3 accessible to everyone!
An exciting new chapter in the world of Web3 has begun as Launchpad XYZ ($LPX) has launched its presale. Launchpad XYZ creates an accessible way for ordinary people to enter the Web3 decentralized economy and solves the problem of how to make Web3 accessible to everyone.
The Launchpad XYZ ($LPX) token provides a trusted framework for businesses to easily launch Web3 experiences for their customers, enabling global brands such as Apple, Nike, and Coca-Cola to securely enter the Web3 space.
At the heart of the ecosystem is the Launchpad XYZ Web3 wallet. Users only need to enter a phone number or email address to get started with their wallet, and $LPX allows them to seamlessly connect to Web3 services. Users can also exchange tokens, own assets, interact with DApps, and browse Web3 experiences.
The ecosystem also includes a decentralized exchange (DEX) where traders of all levels can trade hundreds of asset pairs, with more constantly being added. DEX provides traders with the tools and data they need to trade successfully, as well as practical insights from top traders.
Launchpad XYZ also offers the ability to search for anything in the NFT market using a curation system that shows the most requested NFTs in real-time. Additional major services include a Web3 pre-sale platform and a play-to-earn (P2E) gaming hub.
Launchpad XYZ pre-sale
Launchpad XYZ’s initial goal is to attract 10 million users to its platform. With its innovative wallet and portal, the Launchpad XYZ Project has the tools it needs to succeed.
The $LPX token is on sale today for $0.035 in the first stage of a 10-stage presale.
Don’t miss this train – invest today and join the Web3 world.
| Start of pre-sale | April 28, 2023 |
| Payment methods | ETH, USDT, Credit Card |
| Blockchain | Ethereum |
| Minimum investment | None |
| Maximum investment | None |
9. Bitcoin BSC – revolutionary altcoins (altcoins) with a contribution mechanism for earning
Bitcoin BSC is an innovative altcoin designed to combine the legacy and reputation of Bitcoin with the efficiency and speed of the Binance Smart Chain (BSC). As the BEP-20 version of Bitcoin Green, it simulates the early history of Bitcoin since 2011. This project offers crypto-enthusiasts a unique opportunity to experience the early days of Bitcoin, complete with staking rewards.
Main features of the project
- Staking Rewards: Just as Bitcoin issues a new BTC every 10 minutes, the Bitcoin BSC staking smart contract pays out BTCBSC tokens according to this block schedule. This feature provides contributors with daily income for many years, ensuring both APY benefits and potential price appreciation.
- Presale Profitability: The BTCBSC presale price is set at $0.99 per token, reminiscent of the price of Bitcoin in 2011. With a total supply of 21,000,000, 29% (6,125,000) of the total stock has been allocated for pre-sale.
- BNB Smart Blockchain Advantage: Leveraging BNB Smart Chain ensures faster and cheaper transactions compared to Ethereum. This makes BTCBSC easily accessible through popular wallets such as Trust Wallet and MetaMask.
- Market Potential: Following the success of recent Bitcoin derivatives such as Bitcoin Cash, BTC 2.0, and BTC20, Bitcoin BSC is under considerable scrutiny in the market. The betting concept is designed to reduce sales pressure at market entry and ensure long-term profitability. Early adopters have the opportunity to capitalize on the $0.99 price point while waiting for Bitcoin-like price increases.
Tokenomics and pre-sale
In September 2023, amid a stagnant Bitcoin market hovering around $25,000, the crypto world launched a pre-sale of Bitcoin BSC, a promising altcoin designed to emulate Bitcoin’s legacy. The pre-sale offers an attractive price of $0.99 per $BTCBSC token, reminiscent of Bitcoin’s early days in 2011. Since the total supply reflects 21 million Bitcoins, the presale aims to allocate 29% or 6,125,000 tokens.
Above all, all tokens not sold in the presale strengthen the Bitcoin BSC Staking contract, ensuring its long-term utility. Investors can participate in the pre-sale using BNB or USDT (BEP-20), with a later staking option available even before the token is listed on the PancakeSwap decentralized exchange.
This presale not only offers potential capital appreciation but also introduces a staking mechanism that promises both consistent revenue and strong support for the token price. Betting with a strategic focus and a competitive advantage over other Bitcoin derivatives, the Bitcoin BSC presale is poised to garner significant attention in the crypto community.
| Start of pre-sale | September 2023 |
| Supported currencies | BNB, USDT |
| Blockchain | Binance Smart Chain (BNB) |
| Hard Cap | $6,125,000 |
| Minimum investment | 10$ |
| Maximum investment | Missing |
Stay up to date with the progress of the project by joining the Bitcoin BSC Telegram channel and Twitter community.
10. Chimpzee – NFT pass, play an engaging game and earn money to fight climate change
Due to its decentralized and transparent structure, blockchain is well-equipped to connect people for a common goal. As a result, an increasing number of projects requiring global coordination have found a home in Web3. The trend is primarily projects dedicated to environmental protection and combating climate change.
Next up on our list of the best cryptocurrencies to buy right now is Chimpzee, a wildlife conservation token powered by an engaging game and multiple sources of passive income. Although it is in the pre-sale stage, the project is at the forefront of the ongoing crypto-green revolution.
What is Chimpzee
As a credible wildlife conservation initiative, Chimpzee’s appeal extends beyond the crypto market, giving it great growth potential this year. It maintains a sharp competitive edge in the market with its vibrant incentive system, high-profile partnerships, and three-pillar ecosystem.
A key component of the Chimpzee ecosystem is Chimpzee NFT Passes, which provide holders with multiple benefits and rewards in recognition of their financial support. Once betting is open, you can lock your NFT pass in the pool to earn up to 20% APY. (Diamond and Gold Series NFTs offer the highest rewards and benefits.)
It is also interesting to note that the CHMPZ tokens used to purchase the initial NFT passes will be burned, thus supporting its value on the open market.
The pass gives you access to Chimpzee’s Zero Tolerance game, which is another fun source of rewards. You can also get premium prizes as you complete the game. Another feature that sets Chimpzee apart in the NFT market is its profit sharing system.
Chimpzee NFT Marketplace is the first in the world to distribute a portion of trading fee profits to users who have a Chimpzee NFT Pass or are actively trading on the marketplace. Additionally, Chimpzee has an earn-buy feature that rewards you with CHMPZ tokens every time you purchase gear and accessories from the Chimpzee store.
Your purchases from Chimpzee – NFTs, commodities, or crypto tokens – show your support for wildlife conservation and climate action. For example, the project allocates 10% of its token offering and part of the profits to organizations that follow their environmental mission.
Chimpzee Presale
Some of the projects that Chimpzee has joined forces with are The Giving Block, One Tree Planted, and the WILD Foundation. However, your contribution does not go unrecognized and it makes it important to bring new energy to the mission.
Chimpzee is arguably one of the best Web3 projects of 2024. Not only because of its great relevance and worldwide use. Chimpzee tokens and NFTs open up great investment opportunities for owners. Although the NFTs are not yet live, you can now pre-purchase CHMPZ tokens for deep discounts. Exciting benefits and rewards await early investors.
| Token symbol | CHMPZ |
| The entire offer | 200 billion |
| Pre-sale offer | 40 billion |
| Blockchain | Ethereum (ERC20) |
| Supported currencies | ETH, USDT, Credit Card |
What are altcoins?
The term “altcoin” is a way of talking about cryptocurrencies that are not Bitcoin. This means that every project out of the 18,000+ digital tokens listed on CoinMarketCap can be classified as an altcoin that is not BTC.
It is important to note that altcoins differ significantly from each other in terms of project and goals, market capitalization, historical performance, and integrity.
Therefore, choosing the best altcoins to invest in can be difficult. For example, while Shiba Inu and BNB have produced life-changing results since launch, many altcoins have lost over 95% of their value. Therefore, you need to do a lot of homework when deciding on the best altcoins to buy in 2024.
Are altcoins a good investment?
If you’re wondering if you should buy altcoins or just stick with Bitcoin, this section is for you. In it, we outline some of the top reasons why you might want to consider investing in highly valued altcoins today.
Many of the best altcoins (altcoins) have produced life-changing returns
First of all, one of the reasons why you might want to consider buying altcoins today is that many projects have produced life-changing returns. We showed the best altcoins in the previous analysis, but we will explain the topic further.
For example, we mentioned that when BNB was launched in 2017, the price of one coin was only $0.11. However, its highest price has been $690. This means a return of over 690,000%.
Altcoin prices rise more than Bitcoin
It is important to remember that when Bitcoin was first launched in 2009, its price was only $0.01 per token. And when you consider that Bitcoin has since reached heights above $68,000 – that represents a gain of millions of percentage points.
But Bitcoin has since risen to a multi-trillion dollar asset class, so the future upside potential is limited. In fact, if you compare Bitcoin’s performance over the past few years with the best altcoins, BTC is no longer as attractive as it used to be.
Consequently, if your main goal is to focus on high-performing crypto assets, then altcoins may be a better choice for you.
Easier to diversify
Another big advantage of adding the best altcoins to your portfolio is that you can easily diversify to reduce the risk of loss. This is something that most traders and investors follow when learning to trade cryptocurrency.
Certainly, on the one hand, cryptos often move in sync with each other, meaning that when Bitcoin does well, so do altcoins. But of course, some altcoins have performed significantly better than others.
For example, you can access several top altcoins at eToro, an SEC-regulated broker.
Many of the best altcoins to invest in are cheap
Another reason why Bitcoin – or even Ethereum – is a bit unpopular with value investors is that these tokens are now being sold for a large amount of money.
Importantly, while the price of an altcoin does not determine its full value alone, it can be a much more attractive crypto investment project that allows you to own a large number of tokens – instead of a small fraction.
High-profit potential
Many experienced investors are also looking for the best altcoins on the market because in many cases their profit potential can be high.
For example, if you go through the first few hundred projects by market capitalization, you’ll find thousands of altcoins priced under $10 million. And this means that these altcoins have much more upside potential than those that are already large capitalization.
Another thing to consider when buying a low-cap altcoin is that those with a significantly smaller market cap are much more volatile. This is caused by market depth, which means smaller stocks move more in the markets.
Innovation
We also like altcoins for the innovation some projects have brought to the sector. To be sure, Bitcoin itself is revolutionary. However, the network can easily perform global payments.
Of the best altcoins we’ve come across, some of the most notable projects offer impressive innovation. The important thing is that when investing in altcoins that offer something different from what’s out there, there’s always a chance that the corresponding token will do well.
Risks of buying altcoins?
Now that we’ve gone over the benefits of buying altcoins for your portfolio, it’s only right that you consider the risks. Some of the best altcoins to buy right now are AAVE, BNB, and ETH. You probably know that crypto assets are usually volatile – but the risk of loss can be especially high for small-cap altcoins.
Sync with Bitcoin
We briefly mentioned earlier that the broader cryptocurrency markets often move to a rhythm. And at the forefront of this trend is Bitcoin, which determines the performance of the overall altcoin scene.
For example, when many altcoins made gains in 2021, it was linked to Bitcoin’s new all-time highs. However, since Bitcoin has been in a cycle of falling prices – it has had a big impact on altcoins.
Regardless of how good the goals and objectives of the journey you think the project of your choice offers, the performance of altcoins is often hindered by the sentiment of Bitcoin.
Extreme volatility
As mentioned above, all digital currencies carry a high level of volatility – especially when compared to traditional stock markets. However, if you invest in altcoins with a small or medium market capitalization, you can experience extremely high volatility.
For example, some of the altcoins we initially came across experienced a rapid rise before dropping in price below the initial price of the project.
In fact, many of the best altcoins to invest in are now worth more than 95% less than their previous peak price.
Scams and rug pulls ( rug pull )
The next big risk to consider in your portfolio before buying altcoins is scams and rug pulls. The latter term refers to projects created with one singular goal – to defraud early investors.
This is increasingly popular in the altcoin space – it is absolutely imperative that you do your research before proceeding.
Where to buy altcoins?
When deciding where to buy altcoins for your portfolio, we recommend researching the pros and cons of the platforms before opening an account with your chosen exchange or broker.
All things considered, we found eToro to be the overall best place to buy altcoins in 2024. We explain why in the section below.
eToro – The best place to buy altcoins in 2024
eToro is our pick for the best cryptocurrency exchange, perfect for all investors. Opening an account here takes minutes and the KYC verification process is done instantly. We like that eToro is regulated by a number of authorities, including the SEC, ASIC, FCA, and CySEC.
This means that you can buy altcoins without having to worry about the safety of your money – something that cannot be said for many exchanges in the industry. US customers can make deposits in USD without fees. Importantly, this applies not only to ACH and local banking networks but also to e-hardware solutions such as Paypal and even debit/credit cards.
eToro is also home to copy trading tools, so it’s perfect for those looking for a passive investment experience. We also like eToro’s offering of virtual portfolios to both new and existing customers. It is pre-funded with $100,000, which you can then use to trade altcoins in a risk-free environment.
Cryptocurrency is a highly volatile unregulated investment product.
How to buy altcoins?
Looking for information on how to buy altcoins or the best cryptos for the first time? If so, you may need some guidance on how to make your altcoin investment safe.
How to buy Sponge V2 altcoins (altcoins) $SPONGEV2 – step by step guide
To buy $SPONGEV2 tokens from the Sponge V2 presale, follow the quick instructions below or read our detailed guide on how to buy $SPONGEV2 tokens.
- Step 1 – Set up a cryptocurrency wallet: Investors need a cryptocurrency wallet like MetaMask.
- Step 2 – Buy ETH: Investors then need to buy ETH and keep it in their wallets. This can be done on the exchange form, in the wallet, or on the $SPONGEV2 website.
- Step 3 – Buy $SPONGEV2 token: Then connect the wallet to the Bitcoin ETF website, connect, and select the appropriate option. Follow the on-screen instructions to complete the purchase.
- Step 4 – Claim $SPONGEV2 Tokens: The $SPONGEV2 tokens will be yours once the presale is complete. Until then, they will be hosted on the Sponge v2 website.
Cryptocurrency is a highly volatile unregulated investment product.
How to buy altcoins from the eToro site
The other altcoins we discussed on this page can be bought on eToro for as little as $10. The investment process at eToro takes less than five minutes from start to finish – here’s what you need to do:
- Step 1: Register an eToro account: Click the “Join Now” button and fill out the registration form that appears on your screen.
- Step 2: Deposit funds: Choose your preferred payment method from Debit / Credit Card, Online Banking, or a supported e-wallet. Enter the amount you want to deposit from $10.
- Step 3: Search for an altcoin: Click the “Discover” button. Then click on “Crypto” and select the altcoin you want to buy.
- Step 4: Buy altcoin: Click on the “Trade” button next to the selected altcoin and the order box will appear. Enter your total investment amount starting from 10$ and click the “open Trade” button to confirm.
Cryptocurrency is a highly volatile unregulated investment product.
Summary – The best altcoins
Altcoins offer a potentially attractive return on your cryptocurrency investments – especially when you consider that the general Bitcoin hype is winding down.
After all, Bitcoin has already crossed over $1 trillion in market capitalization, so returns are limited compared to smaller-cap altcoins.
The best altcoin we think is the best altcoin to buy right now is Sponge V2, an innovative token that rewards investors based on real Bitcoin ETF endorsements. This token has a very high potential to become extremely popular.
If you are also interested in trading cryptocurrencies, we recommend that you take a closer look at the Altcoin Pro Wealth trading robot, through which you can potentially earn a lot of income by trading various altcoins. If you feel like trying automated investing, read more about our crypto robots.
Cryptocurrency is a highly volatile unregulated investment product.