Best Altcoins to Invest in June 2024

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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.

  • Fresh off the BSC, PlayDoge breathes new life to trending Doge meme with virtual Tamagotchi-style pet.
  • $PLAY holders can earn rewards and extra tokens by caring for the virtual pet.
  • The $PLAY token comes with tons of utility and staking opportunities with APY rewards currently over 700%.
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Bank Card
    Bank Card
  • New meme crypto with AI-driven predictive trading features
  • WienerAI can find new crypto opportunities and users can swap, MEV-free, via DEXs
  • Investors can buy and stake $WAI tokens to earn 299% p/a passive rewards
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • MATIC
    MATIC
  • +1 more
  • Latest SOL meme coin with 100x potential amidst animal token trend
  • Reports claiming Sealana has the same developers that created SLERF which skyrocketed in April
  • $SEAL token presale has already raised $3M
Project Launched
May 2024
Purchase Methods
  • SOL
    SOL
  • USDT
    USDT
  • ETH
    ETH
  • USDC
    USDC
  • +1 more
  • Available on four major blockchain networks (ETH, SOL, AVAX, BNB)
  • Presale price will increase 5% every 5 days
  • Supporters may be eligible for airdrop rewards
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • The world's top GameFi SOL crypto, $DICE, offers the ultimate casino token experience.
  • $DICE is the native token of the established and reputable global casino brand with over 50k loyal players.
  • Buy and hold $DICE tokens to enter the $2,250,000+ USD airdrop. Presale has raised over $1.2M so far.
Project Launched
April 2024
Purchase Methods
  • SOL
    SOL
  • ETH
    ETH
  • BNB
    BNB
  • 99Bitcoins introduces its native $99BTC utility token as the face of Learn-to-Earn crypto model with presale already raising $1.7M.
  • Launching on a BRC-20 powered platform this enables developers and crypto enthusiasts to build dApps on the BTC network.
  • Buy, stake, learn and earn 99BTC tokens, with trading signals, tools and educational features all at your fingertips.
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • 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
    MATIC
  • USDT
    USDT
  • Bank Card
    Bank Card
  • Participate in the eTukTuk's $TUK presale that's already raised over $3.3M.
  • 83% annual rewards are up for grabs when you buy and stake $TUK tokens.
  • eTukTuk is a play-to-earn game that offers multiple ways to earn rewards.
Project Launched
June 2023
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • Bank Card
    Bank Card
  • +1 more
  • PEPE Unchained is a new and improved version of the original Pepe coin looking to 100x.
  • Built on the Ethereum Layer 2 blockchain it offers scalability, speed and efficiency.
  • $PEPU project offers double staking rewards with a current APY of 130,151%.
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • New cat meme coin aiming to dethrone dog meme tokens with 10x potential.
  • Buy and stake $KAI tokens to earn passive rewards with 15% of total supply allocated to staking.
  • Claiming process begins upon launch after highly anticipated presale, which has already raised over $365k, ends.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • One-of-a-kind crypto project for trading, purchasing, and selling luxury vehicles via blockchain technology.
  • Buy $DCARS tokens to earn passive monthly income from car rentals, a 5% referral link, and much more.
  • Offering unseen market for fractional luxury car shares. Project is fully audited by SOLIDProof.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Shiba Shootout merges wild west with high-stakes crypto battles.
  • Meme degens can buy and stake $SHIBASHOOT for massive rewards of 2,782%.
  • Over $400k raised via presale since launch.
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • 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
    ETH
  • USDT
    USDT
  • USDC
    USDC
  • Bank Card
    Bank Card
  • BNB
    BNB
  • MATIC
    MATIC
  • AVAX
    AVAX
  • BASE
    BASE
  • +5 more
  • Fun new meme token project combining blockchain technology, celeb pop culture, fun memes, and web3 boxing games.
  • Portion of the proceeds from the $FNIO presale will be donated to charitable causes such as UNICEF and Parkinson's research.
  • Promising roadmap with plans to list on major CEXs as well as launch a web3 staking platform.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT

Best Altcoins to Invest in 2024 – List

We’ve researched the cryptocurrency markets extensively and found that the 13 best altcoins to buy are those listed below:

  1. PlayDoge (PLAY): Turning doge fans into gaming champions.
  2. WienerAI (WAI)The latest meme coin with AI capabilities and huge staking rewards.
  3. Sealana (SEAL)Your next opportunity to make serious gains from an altcoin that might explode.
  4. Base Dawgz (DAWGZ)Redefining blockchain interaction with multi-chain capabilities.
  5. MegaDice (DICE)The native utility token of the best online crypto casino.
  6. 99Bitcoins (99BTC)The first learn-to-earn crypto education platform that will reward users for learning about crypto assets.
  7. Sponge V2 (SPONGEV2) – A distinctive ERC-20 meme coin transitioning from its first version to the next. 
  8. eTukTuk (TUK) – The best altcoin to buy for passive rewards. Investors can earn through staking or play-to-earn.
  9. Pepe Unchained (PEPU) – Ethereum layer-two blockchain token inspired by the Pepe meme coin.
  10. SpacePay (SPY) – Hot new altcoin for easy crypto payments at stores. Raised over $180K in presale.
  11. Solana (SOL) – A decentralized blockchain that supports smart contracts, and can handle up to 65,000 transactions per second.
  12. Ripple (XRP) – Top #10 crypto by market cap, XRP uses cross-border payment technology.
  13. The Graph (GRT) – The Graph is an innovative project that specializes in blockchain indexing.

Best Altcoins to Buy in 2024

To help clear the mist on the best altcoins to buy, we will now analyze the 13 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.

1. PlayDoge – Turning Doge Fans into Gaming Champions

Embrace the evolution of virtual pet care with playDoge, where players earn crypto tokens for raising their own digital Doge pet. Building on the charm of the 90’s Tamagotchi, playDoge offers real-value rewards, social features, and innovative mini games. Engage in the ecosystem through your phone to collect crypto rewards.

playdoge crypto game

The playDoge ecosystem runs on the PLAY utility token. To access the game, unlock special features, and purchase in-game assets, users must hold PLAY coins. Additionally, PLAY tokens are awarded to players as rewards.

To get started with playDoge, you can acquire PLAY tokens by swapping BNB on the Binance Smart Chain through the official presale website. This integration ensures smooth transactions and accessibility for all users.

Your money is at risk.

2. WienerAI – The latest meme coin with huge staking rewards

WienerAI stands out as one of the best altcoins to buy in 2024 for passive returns. At the time of writing, the project is offering a generous staking APY of 200% which is one of the highest that we found during our research.

The staking rewards will decrease as the presale moves forward which means the the earlier you invest, the more rewards you will be able to receive.

WienerAI presale

As well as offering generous staking rewards, WienerAI will use advanced AI technology to ensure that the project stays relevant in the crypto world. This gives the token long-term potential that other meme tokens do not have.

The project has already managed to attract a large community of interested investors and the presale is expected to sell out quickly. WienerAI could be the next crypto to explode!

Your money is at risk.

3. Sealana – The next SOL meme coin to 100x in 2024

Sealana Coin is a chubby seal altcoin trader who plans on going to the moon! He spends his days eat burgers and searching for #cryptogains all whilst getting bigger and bigger.

Sealana is an opportunity to invest in the next SOL meme coin that could explode. The project team will use viral marketing and FOMO to attract investors and generate huge returns.

sealana best altcoin to buy

Sealana is a send-to-wallet presale which means that investors will receive their tokens via airdrop. The token is expected to explode after presale due to viral marketing efforts and social media hype.

Your money is at risk.

4. Base Dawgz – Redefining Blockchain Interaction with Multi-Chain Capabilities

Blending adventure with blockchain innovation, Base Dawgz is a groundbreaking cryptocurrency project. Utilizing Web3 technologies such as Wormhole and Portal Bridge, it enables seamless cross-chain interactions.

Base Dawgz offers a multi-chain experience on Ethereum, Solana, Binance Smart Chain, and Avalanche.

Base Dawgz presale

The vision of Base Dawgz is to redefine blockchain possibilities, creating a decentralized platform for easy multi-chain transactions. Its roadmap includes four phases: establishing a social presence, smart contract audits, a presale, and exchange listings.

Community engagement is key, with incentive programs and transparent communication fostering loyalty. The $DAWGZ tokenomics promote balanced distribution and sustainable growth, prioritizing security with rigorous audits.

Your money is at risk.

5. MegaDice – The best Crypto Casino Altcoin

DICE is the new native utility token of the MegaDice crypto casino. MegaDice has emerged as one of the most popular crypto casino options and the new token brings added utility to the ecosystem.

megadice top altcoins to buy

DICE holders not only enjoy exclusive benefits within the Mega Dice ecosystem but also have the opportunity to earn passive income through the Mega Dice Referral Program. With a generous 25% rev-share, DICE holders can capitalize on their network and maximize their earnings, further solidifying their position within the Mega Dice community.

You can buy DICE tokens for a discounted price during the ongoing presale event.

Your money is at risk.

6. 99Bitcoins – Learn-to-earn crypto education platform with lucrative rewards

If you’re looking to invest in a token that offers excellent rewards, 99Bitcoins could be the best project to consider. The platform is a learn-to-earn education site that rewards users for learning about crypto.

99bitcoins best altcoins 2024

99Bitcoins is an established platform that already has a user base of over 700k. The new learn-to-earn offering will reward users for their participation and encourage a new wave of participants who want to learn about crypto.

To access the platform, you will need to buy 99BTC tokens from the presale. You can then use the tokens to access guides, unlock platform features and take part in staking.

Your money is at risk.

7. Sponge V2 – One of the Top-most Crypto Presale Offering Unprecedented 3410% Staking Yields in its Unique Presale Phase

Sponge V2 token is the latest version of the successful coin launch of Sponge V1 in the first half of this year.

Sponge V2 Dashboard

Now, SPONGE is bridging from V1 to V2, so those who stake their SPONGE tokens earn Sponge V2 tokens. This new edition is better than ever to help you earn more tokens.

The only way to get yourself some Sponge V2, which is the relaunch of the legendary Sponge Tokens once having a market cap of $100 mln at its ATH, is to first get your hands on Sponge V1 tokens, which you can buy right from the official website of the project using ETH, USDT, or through card. One ETH will get you 4,917,585 Sponge. You can also buy the token from platforms such as Gate.io, Bitget, BitMart, BingX, CoinW, MEXC, Poloniex, and Uniswap V3. 

Once you have Sponge tokens, you can stake them, and you’ll get an equivalent amount of V2 tokens. Remember, your V1 tokens will be locked up permanently. Once SPONGE V2 is launched, you’ll get your tokens. 

This is a great opportunity for those who missed out on the SPONGE rally. This is your time to get in the meme community, which is celebrating the popular U.S. animated television show SpongeBob SquarePants. While the Ethereum-based token was inspired by the popular series, SPONGE V2 builds on the success of the original Sponge token.

This time, you can get your hands on SPONGE V2 before it gets listed by staking your tokens. The more V2 tokens you stake, the more SPONGE V2 tokens you get, and the longer you keep them staked, even more V2 tokens you earn. So far, 474 million Sponge tokens have been staked, and the number is quickly increasing.

With SPONGE V2, the project aims to be even bigger and better than its initial version through its big marketing budget and tier 1 centralized exchange (CEX) listing. According to the project’s tokenomics, SPONGE V2 has a total supply of 150,000,000,000, out of which 10% is for CEX liquidity, 7.50% is for marketing, and a whopping 43.09% of the supply is kept aside for staking rewards. 

But this is not all, as this time around, Sponge also offers the ability to earn more SPONGE V2 tokens by engaging in its new Play-to-Earn (P2E) game, which is yet to be launched. 8% of SPONGE V2 supply is actually allotted to P2E rewards by the anonymous team. 

You can check out Sponge’s whitepaper for more information about the project, and don’t forget to follow it on Telegram, Discord, and Twitter for regular updates.

Hard Cap NA
Total Tokens 150 billion
Tokens available in presale Equivalent of V1 tokens plus staking APR
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

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Your money is at risk.

8. eTukTuk – The best altcoin to buy with multiple ways to earn

eTukTuk is a brand new crypto project that is designed for long-term utility. The main product offering of the ecosystem is the eTukTuk P2E game, which will reward players with $TUK tokens for their participation.

etuktuk best altcoin Investors can also earn by staking their tokens for passive rewards. The staking APY will be at its highest during the presale, through which you can buy tokens for a discounted price.

eTukTuk is undoubtedly a long-term project; it will take time to build brand awareness. To invest in eTukTuk at the lowest price possible, check out its recently launched presale.

After the presale, the team aim to get $TUK listed on major exchanges.

Token symbol TUK
Presale supply 200,000,000 TUK
Token type BEP-20
Payment methods ETH, BNB, USDC, USDT, ADA
Listing price Not stated

Your money is at risk.

9. Pepe Unchained – A Layer-Two Ethereum Meme Coin Inspired by the Pepe Meme

Pepe Unchained ($PEPU) is a new Pepe-themed meme token built on Ethereum’s layer-two (L2) blockchain. Thus, the token offers huge staking rewards, greater scalability, and reduced transaction costs. 

By offloading transactions from the main network, this L2 token reduces operational costs. Thus, Pepe Unchained can afford to offer greater staking rewards to $PEPU token holders. Currently, the annual staking yield is over 70,000%. 

Pepe Unchained presale

The limited number of transactions on the main network also help increase the processing speed and lower gas fees for token holders. These reasons have helped Pepe Unchained raise over $160K within two days of its presale launch. 

Out of an 8 billion token supply, 20% of the tokens are being allocated through the presale, while 30% will be distributed through staking pools. To join the Pepe Unchained presale, interested investors can buy $PEPU for just $0.008 per token. 

Token symbol TUK
Presale supply 200,000,000 TUK
Token type BEP-20
Payment methods ETH, BNB, USDC, USDT, ADA
Listing price Not stated

Your money is at risk.

10. SpacePay – Hot New Altcoin for Easy Crypto Payments at Stores

SpacePay (SPY) is next on our list of the best altcoins. It’s a startup based in London that wants to make it easy for people to use crypto for everyday payments, just like traditional money.

The platform’s software works with the card readers that stores already have. This means you can pay with crypto, but the store gets fiat money. The best part is that there are no hidden fees- just a small 0.5% fee for the merchants.

$SPY token holders can get a share of this money along with other exclusive monthly rewards. They’ll also get to vote on important decisions for SpacePay.

SpacePay Presale Homepage

There are a total of 34 billion $SPY tokens and 6.8 billion of them are available now in the ongoing presale, which has already raised over $180,000 in just a few days. Early buyers can grab $SPY for only $0.00147 at the time of writing.

Also, the platform has raised $750,000 from private investors and has a basic version of the product they’re testing. This means SpacePay’s payment solution could be available soon.

SpacePay has an APK (Android Application Package) to make crypto payments easy. You can scan a QR code on the SpacePay device at the store and instantly pay with your crypto.

You can join the SpacePay Telegram channel and follow it on X (formerly Twitter) to keep up with the latest project updates.

Token symbol SPY
Presale supply 34 Billion SPY
Token type Ethereum
Payment methods ETH, USDT, USDC, Card

Your money is at risk.

11. Solana – Smart Contract Ecosystem Capable of 65,000+ Transactions per Second   

Outside of the presale space, Solana is one of the best altcoins to invest in. Often referred to as an ‘Ethereum Killer’, Solana is a decentralized blockchain that supports smart contracts. But unlike Ethereum, Solana is super-efficient. It can handle up to 65,000 transactions per second and fees are super-low.

Each Solana transaction attracts a fee of just $0.00025. This combination of scalability and cost-effectiveness means that Solana is ideal for dApps. In addition, Solana also supports NFT minting. Solana is also one of the most sustainable blockchains. It claims that one transaction is equal to a “few Google searches”.

Solana price

Although Solana was only launched in min-2020, it’s already valued at over $8 billion. SOL, its native token, has increased by almost 2,400% since launching. SOL is currently trading 92% below its all-time high of $260. You can buy Solana at the regulated broker eToro with a debit/credit card. The minimum deposit is just $10 and fees are very competitive.

12. Ripple – Established Money Transfer Network Facilitating Cross-Payments for Banks 

Although Ripple is an established cryptocurrency – its progress has been hindered by ongoing court battles with the SEC. For many years, the SEC accused Ripple of selling unregistered securities; its native XRP tokens. However, a US judge recently ruled in favor of Ripple – a major landmark win for the cryptocurrency industry.

This means that XRP is once again one of the best altcoins to invest in. After all, many investors have been holding back until the court case reached a solution. Some of the world’s largest exchanges – including Coinbase and Bitstamp, have also listed XRP since the court ruling.

Ripple price chart

Ripple has some of the best fundamentals in the cryptocurrency space. It allows banks to transfer funds across borders in seconds. Fees amount to micro-pennies, even when cross-currency transactions take place. Banks can use XRP as a bridge of liquidity, so it’s got a huge use case. XRP is trading 86% below its all-time highs.

13. The Graph – Blockchain Indexing Network Enabling Developers to Extract Data        

The Graph is a top-rated altcoin that sits between blockchains and developers. It provides indexing services, allowing developers to extract data from their preferred blockchain technology. Without the Graph, it would be costly and time-consuming for developers to obtain their required data points.

After all, blockchains store a significant amount of data in a completely unorganized way. Trying to find a book in a library is a great analogy of how the Graph works. Instead of manually checking each and every book for your preferred title, you would ask a librarian for help. They would then point you to the exact location of the book.

The Graph price

Similarly, suppose an app developer wants to display Ethereum transactions in real-time. Through the Graph, the app can filter and sort data as and when it needs it. The Graph is backed by GRT tokens, which follow the ERC20 standard. You can buy GRT at a huge bear market discount of 97%. As such, it’s one of the best cheap altcoins to buy.

Understanding the Basics of Altcoins

Altcoins are a simple concept; they refer to any cryptocurrency apart from Bitcoin. Whether it’s Ethereum, Litecoin, Bitcoin Cash, Dogecoin, or BNB – these are all examples of altcoins. The exact number of altcoins in existence remains to be seen, as anyone can create one. That said, CoinMarketCap offers real-time prices on over 9,000 altcoins.

There are likely many others in the market, but this highlights that choosing the best altcoin to buy is no easy feat.  Most altcoins are built on top of the Ethereum network. These are known as ERC20 tokens. An increasing number of altcoins are operating on the Binance Smart Chain too. These altcoins are called BEP20 tokens.

If an altcoin operates on another network, it means it doesn’t have its own proprietary blockchain. That said, most altcoins in the top 100 by market capitalization operate on their own network. This includes Cardano, Solana, TRON, Polkadot, and Polygon.

That said, just because an altcoin operates on another network this doesn’t mean it’s not a viable investment. On the contrary, some of the best-performing cryptos in recent years fall within this category. For example, Shiba Inu, Chainlink, Aave, dYdX, and SushiSwap.

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.

Shiba Inu price chart

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.

What are the Most Valuable Altcoins?

  • The most valuable altcoins are determined by their market capitalization.
  • Currently, the top five cryptocurrencies for market capitalization are Ethereum, Tether, BNB, XRP, and USD Coin.
  • These five altcoins are collectively valued at over $375 billion right now.

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.

What’s the Difference Between a Presale and an ICO?

  • Presales and initial coin offerings (ICOs) are terms used interchangeably. They refer to the exact same process. Meaning, presales and ICOs allow new altcoin projects to raise funds from investors.
  • Then there’s an initial exchange offering (IEO), which sees new altcoins raise funds directly on a centralized exchange. After the fundraising campaign finishes, it will then trade on the respective exchange.
  • In addition, the best new altcoins can also raise funds through an initial DEX offering (IDO). These work similarly to IEOs, but through decentralized exchanges.

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.

What Exchanges do Presale Altcoins List on?

  • The vast majority of presale altcoins will list on decentralized exchanges, such as Binance new listings.
  • This is because there is no requirement to apply for a listing. On the contrary, projects can list their own altcoin on a decentralized exchange via their unique smart contract address.
  • However, a small number of presales will secure centralized exchange listings from the very get-go. This is usually because the project offers a unique product or service, or it’s created a lot of presale hype.
  • Wall Street Memes has already secured multiple tier-one exchange listings. An announcement of the specific exchanges will be made soon.

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.

How Many Altcoins Are There?

According to the UK’s financial watchdog, the FCA – there were over 20,000 altcoins in early 2023. The FCA explains that most of these altcoins are “no longer traded”. CoinMarketCap, on the other hand, currently lists over 9,000 altcoins. Many of the altcoins on CoinMarketCap have no trading volume. In other words, the projects are considered ‘dead’.

You’ll find many more altcoins listed on decentralized exchanges. DexTools lists data for more than 2 million. But again, most have little to no altcoin trading volumes. You’ll want to avoid altcoins that are no longer actively traded. While you might find it easy to enter the market, selling your tokens will prove challenging, if not impossible.

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.

top gainers and losers section on Binance

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.

What is the Best Exchange to Buy Altcoins?

  • There are more than 200 altcoin exchanges in the market. However, depending on the altcoin, they might only be listed on selected exchanges.
  • For instance, established and large-cap altcoins – such as Litecoin and Ethereum, will trade on the majority of exchanges. In this regard, your best bet is eToro. It lists the most popular altcoins and you’ll only need to risk $10 on each trade. Moreover, eToro is regulated by tier-one licensing bodies, including FINRA.
  • If you’re interested in a new or small-cap altcoin, you might only have a few options. This could be a decentralized exchange like Uniswap. You can visit the CoinMarketCap website to see what exchanges your preferred altcoin is listed on.
  • If you’re investing in an altcoin presale like Wall Street Memes, you can buy the tokens directly from its website.

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.

CoinMarketCap trending

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.

Jacob Bury crypto YouTuber

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.

https://www.reddit.com/r/SatoshiStreetBets/

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 PlayDoge (PLAY). It is Doge-based play-to-earn meme coin that offers high staking rewards.

Your money is at risk.

FAQs

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References

 

By Michael Graw

Michael is a vastly experienced writer who's well versed in everything blockchain, having been covering the crypto space for over 5 years. Hailing from Bellingham, Washington, Michael has featured on respected sites such as CryptoNews, InsideBitcoins, TechRadar, Techopedia, and Tom's Guide.