Best Altcoins to Invest in 2024 (The Most Promising Picks)

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This article explores the 10 best altcoins to invest in 2024. We’ve chosen these altcoins based on their ROI expectation, unique tokenomics, use cases and long-term potential.

We excluded Stablecoins from this list because they stay at the same price and aren’t as exciting for investing. So, without further ado, let’s begin. 

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Best Altcoins 2024: Expert Picks for Maximum ROI

1. Pikamoon ($PIKA)

• Current Price: $0.001906
• Market Cap: $130 million
• Moon Potential: 10/10

Pika is the best altcoin to have come out of 2024 so far, captivating the market with its unique blend of GameFi and Meme token attributes.

Upon its debut, PIKA’s value soared by nearly 700%, a testament to its robust market entry as it got listed on prominent cryptocurrency exchanges Bitget, MEXC, and Uniswap. Notably, it clinched the title of the highest gainer on both Bitget and MEXC. Since its launch, PIKA has demonstrated remarkable resilience in the volatile crypto landscape.

Drawing parallels with GameFi tokens like AXS and SAND, which were the darlings of the previous bull market with gains up to 1000x their initial prices, PIKA is set to emulate their success trajectory while adeptly sidestepping the pitfalls that led to their subsequent decline.

PIKA is the native token of the eagerly anticipated Pikamoon game, which has already released a Beta version and boasts a rapidly expanding community of over 10,000 gamers. The game’s allure is further magnified by its strategic tokenomics, which incorporate a deflationary mechanism from inception, thereby circumventing the inflationary and deflationary issues that plagued AXS.

In a proactive measure to sustain value, the PIKA smart contract implements a burn rate of 0.5% for every sale and transfer transaction. This deflationary strategy has led to the incineration of approximately $160 million worth of PIKA tokens within a mere month, underscoring the team’s commitment to maintaining the token’s scarcity and value.

The Pikamoon game itself is a giant leap in the Play-to-Earn gaming sphere and the Community-Driven Metaverse. Conceived in November 2022 by a trio of friends and avid gamers, Pikamoon offers decentralised, community-focused entertainment that empowers players. You can watch their podcast below in which the three talk about their passion and roadmap for the project.

As the GameFi sector is projected to grow at a CAGR of 27% till 2030, Pikamoon stands at the forefront of this burgeoning industry. With its strategic positioning and innovative approach, PIKA is not just following in the footsteps of its predecessors—it’s paving its own path to potentially become a new titan in the GameFi arena potentially offering 1000x gains in 2024.

2. Solana ($SOL)

• Current Price: $183.93
• Market Cap: $82.26 billion
• Moon Potential: 10/10

At its core, Solana leverages a unique hybrid proof-of-stake and proof-of-history mechanism, ensuring rapid and secure transaction processing. This innovative approach has positioned Solana as one of the fastest blockchains in existence – dethroning Ethereum.

Solana’s architecture offers a highly scalable solution with minimal fees, attracting a wide array of developers and users. The rise of Solana-based meme coins in 2024 growing in popularity and versatility, demonstrating its appeal beyond traditional use cases and further solidifying its position in the cryptocurrency market.

A significant milestone for Solana in DeFi is the introduction of EUROe, the first Euro-pegged stablecoin on its platform. This strategic move eliminates currency conversion fees and streamlines DeFi access for European users, potentially accelerating DeFi adoption and enhancing liquidity within the Solana ecosystem.

Solana’s collaborations with industry giants like Google and Amazon have significantly bolstered its ecosystem. The integration with Google Cloud BigQuery provides developers with powerful analytics capabilities, while AWS’s support for Solana blockchain node development simplifies and accelerates deployment processes.

As we look to the future, Solana’s roadmap reveals exciting prospects, including the introduction of token extensions to empower complex tokenomics and the launch of Firedancer, a new independent validator client.

These advancements, coupled with a significant reduction in network outages and a surge in ecosystem activity, underscore Solana’s potential to maintain its position as a leading investment choice in years to come.

3. Avalanche ($AVAX)

• Current Price: $46.75
• Market Cap: $17.12 billion
• Moon Potential: 9/10

Avalanche distinguishes itself as a layer-one blockchain designed for decentralised applications (dApps) and custom blockchain networks. Its main competitive edge lies in its ability to process a high volume of transactions without compromising on scalability—a critical factor in its quest to rival Ethereum as the go-to platform for smart contracts.

Avalanche approaches the Blockchain Trilemma with a unique solution: a multi-chain framework consisting of three interoperable blockchains, each tailored to specific functions within the ecosystem. This tripartite structure allows Avalanche to optimise each blockchain’s performance without sacrificing the trilemma’s core principles.

One of Avalanche’s most notable innovations is its use of subnets, which are dynamic sets of validators that secure individual blockchains within the Avalanche network. This approach not only enhances scalability but also allows for customised blockchain creation, catering to diverse application needs and fostering a rich development environment.

In its pursuit of excellence, Avalanche has introduced the ASC-20 token standard, designed to promote development and increase transaction volume on the network.

This digital currency has witnessed significant growth, with its total value locked (TVL) surpassing the $1 billion mark, driven by high-profile DeFi protocols. The network has also seen a surge in on-chain activity, with transaction volumes peaking at 6.4 million, indicating sustained growth over the past few months.

As of 2024, expert forecasts suggest a bullish momentum for AVAX, with predictions ranging from $17.93 to $68.23. This optimistic outlook is supported by Avalanche’s continuous technological advancements and strategic initiatives aimed at bolstering its ecosystem and market presence.

4. XRP ($XRP)

• Current Price: $0.572
• Market Cap: #+$31.31 billion
• Moon Potential: 9/10

XRP Ledger, the blockchain behind XRP, pioneered the first-ever decentralised exchange (DEX), setting a precedent for custom tokenization and decentralised financial services.

Today, it continues to evolve, with features like multi-chain support, NFT integration, and Project Clio enhancing its functionality. These developments promise to unlock new possibilities across payments, DeFi, tokenization, and more.

Founded in 2012, Ripple Labs has cemented its status in the cryptosphere with XRP, a digital asset that has withstood the test of time. Ripple’s platform offers a decentralised network for crypto and digital payment processing, enabling swift and cost-effective peer-to-peer transactions without the need for a central intermediary.

Unlike traditional cryptocurrencies that rely on Proof of Work (PoW) or Proof of Stake (PoS) systems, Ripple utilises a unique consensus protocol. This protocol validates transactions and settles account balances efficiently, contributing to the network’s scalability and speed.

Ripple’s suite of products and services has seen widespread adoption, serving an extensive network of financial institutions and banks worldwide. These partnerships have been instrumental in Ripple’s growth, allowing it to facilitate international transactions seamlessly.

As of 2024, Ripple’s technological advancements and strategic collaborations have positioned XRP for potential growth. The Finder’s Panel of crypto experts forecast a 200% surge in XRP’s value by 2025, driven by positive market sentiment and ongoing developments.

The legal victories in its ongoing battle with the SEC and its expansion into new markets, such as the United Arab Emirates, have bolstered investor confidence. These milestones are pivotal in shaping XRP’s trajectory as a leading altcoin for 2024.

5. Dogwifhat ($WIF)

• Current Price: $3.76
• Market Cap: $3.96 billion
• Moon Potential: 8/10

On the fifth spot, we have one of the breakout stars of 2024 – WIF. WIF recently became the third-largest meme coin by market cap, dethroning Pepe in the process. With an all-time high of $4.14, WIF has already surpassed SHIB and DOGE in valuation. It’s meme market dominance is only a matter of time now.

Unlike other meme coins that try to woo investors with ambitious future plans, WIF proudly accepts its identity as a meme coin with a logline that says “literally just a dog wif a hat”. And that’s what resonates with the community. The image that inspired WIF, featuring a Shiba Inu dog wearing a pink beanie hat, was purchased for $4 million worth of ETH.

WIF’s market capitalization recently soared to $1.5 billion, propelled by a staggering 40,000% price increase. This explosive growth underscores the potent combination of community enthusiasm and speculative trading that drives the meme coin sector.

WIF’s tokenomics are characterised by a fully distributed, fixed supply of 998,906,465.79 tokens, with no plans for burning or staking rewards. This approach ensures that the token’s value is purely driven by market demand and community sentiment, rather than artificial scarcity or complex incentive structures.

Analysts predict a bullish future for WIF, with price forecasts suggesting a potential rise to $12.57 by May 1, 2024. Such optimism is bolstered by the meme coin’s recent performance, recording 17 out of 30 green days and a sentiment index indicating extreme greed.

6. Uniswap ($UNI)

• Current Price: $11
• Market Cap: $8.16 billion
• Moon Potential: 8/10

The recent proposal for long-awaited staking rewards has been a catalyst for UNI’s price surge, signalling a new era of incentives for governance token holders. Within 24 hours the UNI price surged 55%. This upgrade is anticipated to enhance the value proposition for UNI holders, offering them a stake in the platform’s success.

Since its inception by Hayden Adams in 2018, Uniswap’s AMM model has set the standard for automated DeFi trading, eliminating the need for centralised intermediaries and reducing barriers to entry for liquidity providers.

UNI operates under a DAO governance model, which democratises decision-making and allows UNI token holders to steer the protocol’s future. This structure fosters a strong sense of community and aligns incentives between the platform and its users.

Uniswap’s protocol automates the market-making process, mitigating risks and reducing costs for participants. It also removes identity verification requirements, further decentralising the trading experience and enabling the creation of diverse liquidity pools.

Analysts are bullish on UNI’s future, with price predictions for 2024 indicating a significant increase in value. The introduction of staking rewards and continuous protocol improvements contribute to a positive market outlook.

Uniswap’s commitment to innovation is evident in its ongoing protocol upgrades and enhancements. The platform’s focus on scalability, security, and user experience positions it well for sustained growth in the DeFi sector.

7. Toncoin ($TON)

• Current Price: $5
• Market Cap: $17.2 billion
• Moon Potential: 7/10

Toncoin (TON), the native cryptocurrency of The Open Network, has demonstrated remarkable growth, nearly doubling in value in March 2024. As the 11th largest cryptocurrency by market cap, an impressive surge of nearly 100% in March 2024 reflects its strong market performance and investor enthusiasm. This growth trajectory positions TON as a digital asset with significant upside potential.

Originally developed by Telegram, TON started as a means to facilitate in-app transactions. It has since evolved into a robust Layer-1 blockchain, now known simply as “The Open Network,” emphasising its broader applications beyond the Telegram ecosystem.

TON’s transformation into a community-driven blockchain highlights its decentralised nature. The network’s proof-of-stake consensus mechanism ensures rapid transaction processing and validation, making it an attractive platform for developers and users alike.

TON’s technological prowess is evident in its recent achievements. The network hit a record of 104,715 transactions per second (TPS) during a public, live-streamed stress test, confirming its status as one of the world’s fastest and most scalable blockchains. This scalability is crucial for supporting a wide range of financial applications and services.

The Open Network has garnered attention from large enterprises and is poised to play a pivotal role in the mass adoption of blockchain technology. Partnerships with entities like Telegram and Tencent Cloud underscore TON’s potential as a foundational layer for Web3 services.

Looking ahead, TON’s roadmap includes further technological enhancements and ecosystem expansion. With its high-performance capabilities and strategic initiatives, TON is well-positioned to capitalise on the growing demand for decentralised solutions and maintain its momentum through 2024 and beyond.

How to Choose The Best Altcoins To Buy for Investment

Selecting the best altcoins for investment requires a strategic approach, combining thorough research with an understanding of crypto market dynamics. Here’s what you should do:

• Do Your Own Research (DYOR): Investigate the crypto project’s fundamentals, including use case, team, tokenomics, smart contract, and technology. Avoid relying on external tips or succumbing to FOMO; take responsibility for your investment decisions.
• Short-term vs. Long-term Investment: Consider whether you’re seeking quick gains with penny cryptocurrencies or steady growth with coins having strong fundamentals and clear use cases. But keep in mind that established altcoins may have a high entry point.
• Market Capitalization: Use market cap as a primary selection criterion. We generally categorise market cap into three categories: large market cap (> $5bn), mid-market cap ($1-5bn), small market cap ($500mn-1bn), and micro market (< $500mn) cap.

A higher market cap typically means lower volatility and better liquidity. But a lower market cap means high upside potential.

• Max Supply: The value of a cryptocurrency is influenced by its supply. The max supply refers to the total tokens that will ever exist, while the total supply is what’s currently available. A large gap between the two can indicate potential devaluation as more tokens enter circulation.
• White Paper Analysis: Don’t forget the whitepaper! A whitepaper is a comprehensive document detailing a project’s vision, technology, and tokenomics.

Evaluate the team’s experience, the project’s blockchain architecture, and the token’s utility and supply schedule. Look for strong partnerships and clear use cases that demonstrate the project’s viability and future potential.

Which Crypto Can Give 1000x In 2024?

Pikamoon (PIKA) is undoubtedly the altcoin that could give 1000x returns this year. With its unique approach to decentralised gaming and finance, Pikamoon aims to change the gaming industry forever. Its ecosystem combines non-fungible tokens (NFTs), play-to-earn mechanics, and in-game virtual asset ownership to provide a highly immersive and lucrative gaming experience.

The project boasts a fully-doxed strong team with expertise in blockchain technology, an in-house game development studio, and a fastest-growing community that strongly believes in its potential. The token’s utility within the gaming ecosystem and its scarcity due to a limited max supply and deflationary nature further contribute to its potential for exponential growth.

Furthermore, there are some pretty major milestones expected over the next few months, such as the launch of PIKA Hub, staking rewards, game trailer, and expected launch on more tier 1 crypto exchanges like Binance and Coinbase, among others.

Final Thoughts

There you have it – the most promising altcoins for investment in 2024. As you must have noticed, we excluded some popular altcoins like Ethereum, Polkadot, Dogecoin, Shiba Inu, and Binance coin from this list because we believe they have been outshined by competitors mentioned in this list – at least in 2024. That doesn’t make them a bad investment in any way. Just do your research before investing.

As mentioned earlier, Pikamoon (PIKA) takes the cake as the best right now. It has a very low entry point at the moment and boasts strong fundamentals, a dedicated team, and the fastest-growing community. Besides, PIKA has planned some major milestones this year, which will potentially skyrocket its price in the coming years. So, don’t miss out while the price is still low.

PIKA is currently trading on MEXC, Bitget and Uniswap.

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Frequently Asked Questions about Altcoins

What is an altcoin?

An altcoin refers to any cryptocurrency other than Bitcoin (BTC). Initially, during the early stages of cryptocurrency, the term primarily denoted any digital currency aside from Bitcoin, owing to its dominant position in the market.

However, as the cryptocurrency landscape has matured, the definition of altcoin has expanded to encompass a broader spectrum of digital assets. These assets include a diverse range of coins and tokens, each serving distinct purposes beyond mere mediums of exchange.

Therefore, altcoins are not exclusively viewed as competitors to Bitcoin but rather encompass a variety of crypto assets with diverse functionalities and applications within the digital economy.

Which crypto will boom in 2024?

That’s hard to predict, but considering the current crypto environment, it’s safe to say that Meme coins will boom the most in 2024. We have already seen Solana-based meme coins on a roll this year, and with some Ethereum-based meme coins like Pikamoon also entering the market, the meme coin sector is likely to experience significant growth in the coming years.

Which altcoin will grow most in 2025?

Meme coins with inherent utility, like Pikamoon, are expected to flourish in 2025 for several reasons. 

Firstly, the integration of meme culture with GameFi functionality creates a unique and engaging user experience, attracting a wider audience and driving adoption. 

Secondly, projects like Pikamoon often have active and dedicated communities, which contribute to their growth and resilience in the market. Pikamoon could potentially be a crypto to hit $1 this bull run if it mimics the success of GameFi predecessors 

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Furthermore, as the crypto space continues to evolve, innovative projects with a clear roadmap that offer both entertainment value and practical utility are likely to capture investor interest and achieve sustained growth in the long term.