Best Altcoins to Invest in December 2024

Looking to build a portfolio of top-rated altcoins that can generate huge growth? Many established altcoins are trading at huge bear market discounts right now. You’ll also find new altcoin projects that are currently in presale.

In this guide, we rank and review the best altcoins to buy in 2024.

Table of Contents Table of Contents

1. Best Altcoins to Invest in 2024 - List
2. Best Altcoins to Buy in 2024
   1. 1. Pepe Unchained - A Layer-Two Ethereum Meme Coin Inspired by the Pepe Meme
   2. 2. Crypto All-Stars – A Top Altcoin for the Multi-token Ecosystem
   3. 3. Real Estate Metaverse - The Tokenization and Fractional Ownership of Real World Properties
   4. 4. SpacePay - Hot New Altcoin for Easy Crypto Payments at Stores
   5. 5. Solana - Smart Contract Ecosystem Capable of 65,000+ Transactions per Second   
   6. 6. Ripple - Established Money Transfer Network Facilitating Cross-Payments for Banks 
   7. 7. The Graph - Blockchain Indexing Network Enabling Developers to Extract Data        
3. Understanding the Basics of Altcoins
4. 5 Reasons to Invest in Altcoins in 2024
   1. Reason 1: Altcoins can Generate Huge Gains
   2. Reason 2: Many Crypto Assets are Trading 90% Below Their All-Time Highs 
   3. Reason 3: Altcoin Presales Offer Lots of Opportunities for Rapid Growth  
   4. Reason 4: Lots of Altcoin Investments are Micro-Cap Gems   
   5. Reason 5: Creating a Diversified and Balanced Altcoin Portfolio is Seamless   
5. How Many Altcoins Are There?
6. Where You Can Locate the Best Altcoin Investments in 2024
   1. Leading Altcoin Exchanges   
   2. YouTube Influencers    
   3. See What Altcoins Are Popular on Reddit     
7. What are the Risks of Investing in Altcoins? 
   1. Volatility
   2. Exchange Risks
   3. Scams and Hacks
8. Conclusion
9. FAQs
   1. References

Show Full Guide

Table of Contents

1. Best Altcoins to Invest in 2024 - List
2. Best Altcoins to Buy in 2024
   1. 1. Pepe Unchained - A Layer-Two Ethereum Meme Coin Inspired by the Pepe Meme
   2. 2. Crypto All-Stars – A Top Altcoin for the Multi-token Ecosystem
   3. 3. Real Estate Metaverse - The Tokenization and Fractional Ownership of Real World Properties
   4. 4. SpacePay - Hot New Altcoin for Easy Crypto Payments at Stores
   5. 5. Solana - Smart Contract Ecosystem Capable of 65,000+ Transactions per Second   
   6. 6. Ripple - Established Money Transfer Network Facilitating Cross-Payments for Banks 
   7. 7. The Graph - Blockchain Indexing Network Enabling Developers to Extract Data        
3. Understanding the Basics of Altcoins
Show Full Guide
4. 5 Reasons to Invest in Altcoins in 2024
   1. Reason 1: Altcoins can Generate Huge Gains
   2. Reason 2: Many Crypto Assets are Trading 90% Below Their All-Time Highs 
   3. Reason 3: Altcoin Presales Offer Lots of Opportunities for Rapid Growth  
   4. Reason 4: Lots of Altcoin Investments are Micro-Cap Gems   
   5. Reason 5: Creating a Diversified and Balanced Altcoin Portfolio is Seamless   
5. How Many Altcoins Are There?
6. Where You Can Locate the Best Altcoin Investments in 2024
   1. Leading Altcoin Exchanges   
   2. YouTube Influencers    
   3. See What Altcoins Are Popular on Reddit     
7. What are the Risks of Investing in Altcoins? 
   1. Volatility
   2. Exchange Risks
   3. Scams and Hacks
8. Conclusion
9. FAQs
   1. References

Wall Street Pepe ($WEPE)

• $WEPE holders get premium trading signals, strategies, and alpha calls
• Unlike PEPE, $WEPE offers staking with the highest APYs and long-term incentives
• A next-gen memecoin combining meme ethics, trading signals, and market insights to give degens the upper hand

Project Launched

December 2024

Purchase Methods

• 
  Bank Card
• 
  ETH
• 
  USDT
• 
  BNB
• +1 more

Visit Here

Solaxy ($SOLX)

• First Layer-2 Solution for Solana Blockchain with Multi-Chain Potential
• Solves Problems with Network Congestion, Scalability Limitations and Failed Transactions
• High Rewards Staking Program Available for SOLX Token Holder

Project Launched

December 2024

Purchase Methods

• 
  ETH
• 
  BNB
• 
  USDT

Visit Here

Best Wallet Token ($BEST)

• Boost your staking rewards on Best Wallet by holding $BEST
• Get in on the ground floor with early access to top presales before everyone else
• Hold $BEST to get even lower transaction fees in the Best Wallet ecosystem

Project Launched

November 2024

Purchase Methods

• 
  ETH
• 
  BNB
• 
  USDT
• 
  Bank Card
• +1 more

Visit Here

Flockerz ($FLOCK)

• The new Vote-To-Earn system rewards you with $FLOCK tokens for participating in votes
• Early participants benefit from 20% of tokens during the presale
• Holders can earn passive income, as 25% of the tokens are set aside for staking

Project Launched

September 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Bank Card

Visit Here

CatSlap ($SLAP)

• High-Reward Staking Program and Upcoming P2E Game
• 10% of Total Supply Allocated Towards community Rewards
• The founders have already other successful Coins with high market caps

Project Launched

November 2024

Purchase Methods

• 
  Bank Card
• 
  ETH
• 
  USDT

Visit Here

Crypto All-Stars ($STARS)

• ERC-20 token that brings all the top meme coins into one platform
• Stake top meme coins like $BRETT, $TURBO, $PEPE, and $SHIB in the "MemeVault"
• $STARS holders can enjoy 3 times the staking rewards

Project Launched

August 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  BNB
• 
  Bank Card
• +1 more

Visit Here

Sponge V2 ($SPONGE)

• Missed out on $SPONGE's 100x surge in 2023? Sponge V2 tokens are here and ready to exceed its records!
• $SPONGE v2 is an ERC-20 token offering 141% p/a rewards and a P2E game in which players can earn more $SPONGE.
• Over $1M worth of $SPONGE tokens have been staked and bridged already.

Project Launched

December 2023

Purchase Methods

• 
  MATIC
• 
  USDT
• 
  Bank Card

Visit Here

Meme Index ($MEMEX)

• Exciting new decentralized meme coin index offering 4 meme indexes
• Native governance token $MEMEX allows holders to submit and vote on project proposals
• Staking is fully supported with rewards of +14,000%

Project Launched

December 2024

Purchase Methods

• 
  Bank Card
• 
  ETH
• 
  BNB
• 
  USDT
• +1 more

Visit Here

SpacePay (SPY)

• Empowering the future of crypto payments for customers and merchants, SpacePay makes buying goods and services with crypto easy.
• With SpacePay businesses can begin accepting crypto payments from an ever-growing global crypto community.
• SPY token presale offers buyers the chance to get their hands on the project's utility token. SPY holders can enter airdrops, vote on the future of the project, earn revenue share, and more.

Project Launched

May 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  USDC
• 
  Bank Card
• 
  BNB
• 
  MATIC
• 
  AVAX
• 
  BASE
• +5 more

Visit Here

Memereum ($MEME)

• Offers a comprehensive insurance coverage program for a wide range of assets
• MemeSwap includes a 24-hour insurance on all coins approved and active on the platform
• Limited NFT collection is free for holder of a minimum of $250 of $MEME

Project Launched

December 2024

Purchase Methods

• 
  ETH
• 
  BNB
• 
  USDT
• 
  MATIC
• +1 more

Visit Here

Best Altcoins to Buy in 2024

To help clear the mist on the best altcoins to buy, we will now analyze the 7 projects listed above. We’ll assess each altcoin’s upside potential, use cases, risks, and much more.

Read on to discover the best altcoins with the most potential in 2024.

5 Reasons to Invest in Altcoins in 2024

We’ll now discuss five core reasons why you might consider investing in altcoins today.

Reason 1: Altcoins can Generate Huge Gains

The main attraction of altcoins is that they offer huge upside potential. There are many examples of new cryptos that have grown by thousands and even millions of percentage points.

For instance, Chainlink was worth just $0.18 per token in 2017. Less than five years later, it was worth nearly $53. This means that early Chainlink investors potentially witnessed gains of over 29,000%. As such, a $1,000 investment could have been worth over $290,000 at its peak.

Then there’s one of the best meme coins Shiba Inu – priced at $0.000000001009 in April 2020. In October 2021, Shiba Inu hit highs of $0.00008845. That’s growth of over 8.7 million percent in just 18 months. So, a $1,000 could have been worth more than $87 million at its peak.

Another example is Dogecoin. According to Reuters, Dogecoin rallied by over 14,000% in the first five months of 2021 alone. There are hundreds of other examples, but the point is that altcoins can be an extremely lucrative investment. It’s all about choosing the best altcoin to buy at the right time.

Reason 2: Many Crypto Assets are Trading 90% Below Their All-Time Highs 

The altcoin market is highly volatile. Just like Bitcoin, they often experience prolonged bear and bull cycles. For instance, many altcoins registered huge gains throughout 2021 – peaking in November. Since then,  the majority of altcoins have been on a prolonged decline.

• If you’re new to the market, this enables you to snap up some generous discounts.
• Many of the best altcoins to invest in 2024 are trading over 90% below their 2021 peaks.
• This includes dYdX, Solana, Aave, and the Graph.
• SushiSwap is also trading at a huge discount of 97%. As we mentioned earlier, gains of 3,600% will be made if SushiSwap regains its former all-time high.

The best strategy here is to buy lots of top-rated altcoins that you believe could recover their losses during the next bull run. Not all will, but even if one does, you could make significant returns.

This is similar to buying oil at $19 per barrel in the midst of the COVID-19 pandemic. Or investing in the S&P 500 during a global recession. In other words, you’re buying quality altcoins at a discounted entry price. Most importantly, your chosen altcoins will have lost value because of broader cryptocurrency market conditions – not because of internal problems.

Reason 3: Altcoin Presales Offer Lots of Opportunities for Rapid Growth  

If you’re new to altcoin presales; they follow a similar concept to initial public offerings (IPOs). For instance, before a company lists on a stock exchange, it raises funds from early investors. Those investing in a stock IPO usually receive a discounted price. After the IPO, the stocks are listed on an exchange, enabling investors to buy and sell them.

Presales work much the same way. A brand-new project will create a new altcoin. Before listing on a cryptocurrency exchange, the project will collect funds from investors. Similar to IPOs, most offer a presale discount. This incentivizes people to invest before the exchange listing.

Reason 4: Lots of Altcoin Investments are Micro-Cap Gems   

If you’re a conservative investor who can’t handle market volatility or risk, then micro-cap altcoins won’t be for you. However, if you have realistic goals and are prepared to lose what you originally invested – micro-caps can be lucrative investments.

After all, micro-cap altcoins are often worth just a few million dollars. These altcoins can explode in value very quickly; as there is limited ‘market depth’. In a nutshell, the market depth of an altcoin refers to how much buying or selling pressure it would take to move its price in either direction.

For example, consider what would happen if somebody invested $50,000 into Bitcoin. The answer? Absolutely nothing. The reason is that Bitcoin is a large-cap cryptocurrency valued at over $500 billion. So a small investment of $50,000 wouldn’t move its price at all.

Reason 5: Creating a Diversified and Balanced Altcoin Portfolio is Seamless   

There are many success stories in the altcoin space. Earlier, we mentioned Shiba Inu, Chainlink, SushiSwap, BNB, Solana, the Graph, and others. However, there are also a significant number of altcoins that are no longer active. By this, we mean that many altcoin projects have been abandoned – leaving investors with worthless tokens.

The reality is that you can buy an altcoin and it loses the vast majority of its value. Even if you witness growth, you might have issues with liquidity. This means that you’ll be unable to find a buyer when you want to sell. Or you might need to accept a highly unfavorable price to cash out.

• So, the best strategy to take is to diversify.
• In a nutshell, you’ll reduce the risk of picking unsuccessful altcoins by investing in many different projects.
• Fortunately,  you’ve got thousands of altcoins to choose from, so creating a diversified portfolio is seamless.
• Moreover, you only need to invest a few dollars into each altcoin.

It’s also important to have a well-balanced altcoin portfolio. This means investing in different types of altcoins across micro, small, medium, and large-cap valuations. Risk-averse investors will allocate the majority of their portfolios to altcoins with an established track record – such as Ethereum, BNB, and Solana.

They will then allocate the remainder of their portfolios to higher-risk altcoins. This is in addition to small caps like SushiSwap and dYdX. Ultimately, you should avoid putting all of your eggs into one basket. If you pick the wrong altcoin, you could lose the majority of your capital.

Where You Can Locate the Best Altcoin Investments in 2024

We’ve established that while the exact figures are unknown, there are a significant number of altcoins in the market. You won’t be able to research each and every altcoin.

In the same way, you won’t be able to analyze the thousands of stocks listed on the NYSE and NASDAQ. So, you’ll need to niche down. Below, we explain where to look when deciding what altcoin to buy.

Leading Altcoin Exchanges   

First, consider going directly to the source – cryptocurrency exchanges. The most popular cryptocurrency exchanges usually offer real-time data. For example, which altcoins have increased the most in the prior day of trading. And those that have made the biggest declines. Both metrics can be useful when choosing the best altcoin to buy.

For example, Binance – the world’s largest exchange for trading volume, has a top gainers and losers section. At the top of the page, hover your mouse over ‘Markets’. Then click on ‘Trading Data.

As per the screenshot above, we can see that JOE, QUICK, and PIVX have increased the most in the past 24 hours. We can also see that SEI, WLD, and GMX have made the largest declines. Next, make a note of these altcoins and visit the CoinMarketCap website.

You can research each altcoin to assess why it’s increasing or decreasing in value at a faster rate than the market average. For example, is the altcoin increasing because of positive news? Or is it on a prolonged upward trajectory that’s lasted several days? Crucially, you’ll want to obtain as much information as you can before making the next move.

Trending Altcoins on CoinMarketCap   

CoinMarketCap offers the most comprehensive data on altcoins. This includes trading volumes, market capitalization, token holders, exchange listings, and much more. That said, one of its best features is the ‘Trending’ page. This shows you the most trending altcoins in the prior 24 hours.

This is based on the number of searches or visits a specific altcoin gets. In many cases, you’ll find established altcoins like Shiba Inu, Ethereum, and XRP. However, you might also find some hidden gems.

For example, in the image above, CoinMarketCap shows that CyberConnect is the most trending altcoin right now. It generated gains of 113% in the prior 24 hours. And 373% gains in the prior 30 days.  In addition, you’ll also see trending cryptocurrencies for the wrong reasons.

For example, an altcoin might be ‘Trending’ on CoinMarketCap because it’s tanking in value. CoinMarketCap offers many other useful data points on its website. For example, you can also view the biggest gainers and losers over the past 24 hours. You can also explore the most recent cryptocurrencies to be added to its platform.

YouTube Influencers    

While YouTube influencers can be a great way to find the best altcoins to buy, you’ll need to tread carefully. Put otherwise, this strategy is a double-edged sword.

For example, the NY Times reported on the rise of YouTube influencers promoting scam projects. In particular, the report references Logan Paul and his CryptoZoo project, which ended up losing investors millions of dollars. Most YouTube influencers have no affiliation with the altcoins being promoted – they are simply paid to do so.

That being said, there are many legitimate YouTube channels that offer impartial opinions on which altcoins they think will explode. For instance, Jacob Bury is a popular cryptocurrency analyst who has a growing YouTube following. Not only does he perform technical and fundamental analysis for his followers, but he also discusses his favorite presales.

This includes the Wall Street Memes presale that we discussed earlier. Jacob Bury began talking about Wall Street Memes right from the presale’s launch – it’s now raised more than $25 million. You’ll also find that Jacob Bury has tipped many other successful presales, such as Lucky Block’s 60x rally in 2022.

See What Altcoins Are Popular on Reddit     

When searching for the best altcoins to buy, it’s also a good idea to research Reddit. There are lots of groups associated with altcoins; some have millions of members. For example, it’s worth starting with the r/CryptoMoonShots group – home to over 1.9 million members. This Reddit group discusses low-cap altcoins that have ‘moonshot ‘ potential.

You are advised to read the risk warnings in this group before proceeding – as it’s often filled with scammers. Nonetheless, if you find a specific altcoin that has a lot of mentions, likes, or shares – this could be a good sign. You can then read the project’s whitepaper to find out whether it’s worth considering.

r/SatoshiStreetBets is another popular Reddit group for discussing altcoins. This group has over 1.5 million members and aims to find the next 100x altcoin. You can follow a similar strategy as the r/CryptoMoonShots group – look for trending altcoins that are gaining traction.

What are the Risks of Investing in Altcoins? 

Altcoins allow you to target significant returns on your investment. When prices are rising parabolically, it can be exciting to see your money grow in a very short period of time. However, like any crypto asset class, you need to consider the risk-reward spectrum. This means that the higher the potential returns, the higher the risks.

There are many risks that you’ll need to consider, including:

Volatility

Once you’ve invested in an altcoin, its price will rise and fall. But unlike blue-chip stocks – which are relatively stable, altcoins can be super-volatile. For example, in the prior 24 hours of trading, some altcoins have increased by hundreds of percent.

This includes Risitas (999%), BREPE (236%), and Decentralized Activism (136%). At the other end of the scale, some altcoins have lost over 90% in the prior 24 hours. This shows that an altcoin can lose almost all of its value in just one day.

Exchange Risks

You should also consider the risks of using an exchange. On the one hand, several exchanges have a strong regulatory framework. eToro, for example, is regulated by FINRA, FCA, CySEC, and ASIC.

• However, the majority of exchanges hold no regulatory licenses at all.
• While others are located in offshore locations with lax laws.
• Take FTX as a prime example – which was headquartered in the Bahamas. FTX filed for bankruptcy in late 2022 – ‘losing’ billions of dollars worth of client-owned funds.

As such, do your research when exploring where to buy altcoins.

Scams and Hacks

The altcoin industry attracts bad actors – so you’ll need to ensure you’re aware of the potential risks. For example, if you’re investing in new altcoins, do plenty of due diligence. See if you can find information about the project’s founders and what experience its development team has.

You should also research the whitepaper extensively and fact-check any claims it makes. In addition, ensure its smart contract has been audited by a reputable entity, such as 0xGuard.

• Once you have purchased altcoins, you’ll need to keep them in a wallet.
• If you opt for a self-custody wallet – you are responsible for keeping it safe.
• In other words, if you’re wallet is hacked, your altcoins will be stolen.
• Best practices to keep your altcoins safe include cold storage, two-factor authentication, and a strong password.

You should also avoid clicking on any links received from unknown senders. This could be a virus, malware, or keyloggers – all of which can hack your wallet remotely.

Conclusion

In summary, we’ve highlighted the top altcoins to watch in 2024, and our primary recommendation is Pepe Unchained (PLAY). It is a new meme token built on Ethereum’s layer-two blockchain.

Your money is at risk.

FAQs