Hello, crypto lovers! If you’ve been tracking the market, then undoubtedly you already know that all the action generally takes place with the altcoins. Bitcoin and Ethereum do make all the headlines, but when it comes to those hard stampedes that can make heads turn, it’s the altcoins that usually manage to do the trick.
With 2024 peeping from just around the bend, it’s crucial to understand how to invest in altcoins strategically to make the most out of the upcoming opportunities.
In this post, we’ll discuss some of the best altcoins to watch in 2024. From the newest and hottest crypto altcoins to watch that nobody is talking about yet to the well-established altcoins with records for success, we dive into it all.
1. Helium (HNT)
Helium has been one of the standout performers recently. Currently, the Helium corporation, running on the decentralization of the wireless network, the corporation has been on the air headlines for being able to make devices connect to the internet through its special network structure.
Watch out for Helium: It has steadily been gaining popularity as more and more people and businesses out there start looking for reliable, decentralized answers to the question of networking. If you’re keeping an eye on crypto altcoins that expose tech in a targeted, real-world application, Helium might be the course to chart.
2. Zcash (ZEC)
Zcash is all about privacy. While a good enough number of cryptocurrencies offer anonymity to some extent, Zcash pushes that to a new level, making tracing the sender, receiver, and the amount transferred extremely difficult through “shielded” transactions.
With privacy now becoming more under discussion in the digital world, Zcash may be the big player for the coming year. In August, there was a 36.73% increase in growth, indicating that the market is responding positively to its value proposition.
Zcash is undoubtedly among the new altcoins to watch if your priority is privacy.
3. Aave (AAVE)
Aave must be the heavy fighter out there now in the DeFi ring. This lending protocol allows users to borrow and lend a variety of cryptocurrencies with no a traditional bank. The idea behind flash loans has catapulted Aave to the spotlight.
With a whopping rise of 31.08% in August, Aave cements its place as one of the must-watch top altcoins in 2024. As DeFi continues its run, the role of Aave is set to become more core, making it a must-watch altcoin in 2024.
4. TRON (TRX)
Justin Sun’s TRON is all about decentralizing the web. Born from the mind of Justin Sun, TRON was created to achieve a free, global digital content entertainment system using distributed storage technology. In effect, it’s this kind of ambitious goal that makes TRON one of the altcoins worth watching.
Although its 9.18% growth may be modest in relation to others on this list, TRON has a phenomenal following and community backing. If you’re looking for an altcoin that couples a bold use case with endless development, then your TRON radar alert is on.
5. Sui (SUI)
Sui is the newer of the names on this block, but it doesn’t look that way. With a dedication to scaling and security, Sui aims to solve some of the biggest problems being faced by blockchain technology today.
Its price surged by 6.97% this August, which shows that it’s gaining traction in the market. If you are scouting for new altcoins in 2024, then Sui is one of the top contenders out there. Especially if you are interested in projects focused on long-term solutions to blockchain’s biggest challenges.
6. Tether Gold (XAUt)
The sixth altcoin on our list is Tether Gold, which makes it possible to mix the stability of gold and the flexibility of a cryptocurrency. Each token is equal to the ownership of one troy ounce of gold safely vaulted. During times of market uncertainty, XAUt furnishes a safeguard against volatility.
Although the 5.42% growth may sound conservative, Tether Gold’s value lies in its stability. An excellent choice if you want to look at diversifying your crypto portfolio with an asset tied to a historically stable commodity.
7. UNUS SED LEO (LEO)
UNUS SED LEO is a utility token native to the iFinex ecosystem, which includes the Bitfinex exchange. This thus enables the token to assist all its users in cutting down trading fees, which are already very competitive on the platform. Since the launch, LEO has shown steady growth, almost as a testament to the strength of Bitfinex’s user base.
Although it is not the fastest-growing altcoin, LEO for sure has become one of those coins people want to bet on, given the utility and possibility of an actual relation to a major exchange. If you are actively trading on Bitfinex, then LEO is definitely something that you should be keeping an eye on over the course of 2024.
Conclusion: Which Altcoins to Keep an Eye on
From established players like Aave and TRON to new coins like Sui, it doesn’t lack opportunities for altcoin investing within the marketplace.
If you’re considering trading on popular platforms, knowing how to efficiently move your funds is crucial. You might want to read our guides on how to withdraw from coinbase, Binance, or Bybit to ensure you’re prepared.
If you’re interested in refining your approach, you might also consider exploring altcoin trading strategies.
The key to investing successfully is doing your homework and staying informed of the market conditions. Keeping track of these altcoins above helps you make proper decisions during the year.
Happy trading, and let your crypto portfolio grow in 2024!
