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Best Altcoins to Buy Now for 2024

In 2010, Bitcoin came out and took the world by storm as a new decentralized cryptocurrency. Now we have thousands of alternatives to Bitcoin, backed by various projects, each with a different utility. Which are the best alternative crypto tokens or 'altcoins' to buy right now?

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

As of 2024, there are approximately 20,000 cryptocurrencies on the market. The total accumulated crypto market cap has surpassed $2 trillion USD, and trading volumes can reach over $75 billion daily. Hundreds of millions of investors all across the globe are buying crypto assets.

Suppose you’re looking to buy altcoins to build a solid portfolio of digital assets as the world moves to a more digitized way of life. In that case, finding time to research the best altcoin projects, read whitepapers, and do technical analyses on altcoin charts can be difficult. In this guide, we’ll list and review what our analysts consider the top altcoins to watch now and where to buy altcoins safely on a secure crypto platform.

Best Altcoins to Buy June 2024 – Top 10+ List

  • PlayDoge (PLAY) – Best Altcoin Blending Tamagotchi and Meme Concepts
  • Sealana (SEAL) – Seal-themed Solana Altcoin
  • WienerAI (WAI) – Trending Meme coin offering real utility
  • Base Dawgz (DAWGZ) – Best Multi Chain Altcoin of 2024
  • Mega Dice (DICE) – Top Altcoin with GameFi Perks
  • 99Bitcoins (99BTC) – Altcoin Powering an Learn-to-Earn Platform
  • eTukTuk (TUK) – Green Crypto With an EV-Focused Concept
  • Cardano (ADA) – Backed by a Solid Proof-of-Stake Blockchain Platform
  • Pendle (PENDLE) – Yield Sharing Network
  • Pyth Network (PYTH) – Providing Real-Time Price Feed to Dapps
  • Ethereum (ETH) – The first altcoin ever released, second oldest to Bitcoin
  • Ripple (XRP) – Backed by a Global Digital Transaction Network
  • Solana (SOL) – A Relatively New, Fast-growing, and Greener Alternative to Larger Altcoins
  • Binance Coin (BNB) – A Utility Coin Based on its Own Exchange Platform
  • Litecoin (LTC) – First Altcoin out after Bitcoin, Launched in 2011
  • Stellar (XLM) –  Blockchain Network providing Enterprise Solutions to Financial Institutions

Best Altcoins Reviewed – Analysis

Many of the best altcoins to buy now that we review are listed on a user-friendly crypto trading platform eToro.

eToro is a social trading platform where you can network with other investors for thoughts on the altcoin markets and prices, even those that aren’t yet available to buy on the platform.

Below we take a closer look at what top altcoins to buy right now:

PlayDoge (PLAY) – Best Altcoin Blending Tamagotchi and Meme Concepts

The best altcoin on the market currently merges two prominent concepts, creating an ecosystem that bridges the gap between old-school Tamagotchi lovers and modern meme enthusiasts. Known as PlayDoge, the project gained momentum immediately after its presale launch. This captivating token features a pixelated 8-bit doge as the main character, which players can pet, care for, and engage with through mini-games.

PlayDoge

Unlike the original Tamagotchis, where the pets died quickly, PlayDoge decentralizes the core concepts. Players earn $PLAY tokens by keeping their pets alive and entertained. Additional tokens can be obtained by participating in 8-bit mini-games reminiscent of classic 2D scrollers. For those looking to earn crypto passively, the platform also offers staking options.

With so many innovative concepts blended together seamlessly, it’s no surprise that PlayDoge is performing well among crypto enthusiasts. As a leading altcoin, it has the potential to become the next big thing. Therefore, those interested in a crypto with an innovative twist should consider investing in it today.

Visit PlayDoge

Sealana (SEAL) – Seal-themed Solana Altcoin

One of this year’s best altcoins is Sealana. Drawing inspiration from the offbeat humor of South Park, Sealana brings a fresh approach to the meme coin genre, riding the wave of current meme coin enthusiasm to offer users a promising altcoin for quick gains.

Sealana

Introduced through a unique presale without a set duration, this Solana-based meme coin evokes a sense of nostalgia and uniqueness. It relies on the enthusiasm of crypto enthusiasts to build interest and keeps details about its tokenomics and founders undisclosed.

The official page doesn’t emphasize any specific utility, which some may view as a drawback. However, it also reflects the project’s community-oriented ethos, a factor that could position it as one of the top altcoins in the market.

Recently announced as a presale without a specified end date, Sealana carries an air of mystery due to its limited details. Given the success of similar tokens in the past, it’s probable that Sealana will follow a similar trajectory to generate gains in the market.

Interested individuals can participate in this project by visiting sealana.io and depositing their SOL tokens at the provided address on the website.

Visit Sealana

WienerAI (WAI) – Trending Meme coin with a Unique Value Proposition

Positioned at the intersection of AI technology and the meme coin craze, WienerAI presents an enticing opportunity for those seeking to diversify their altcoin portfolio with a touch of innovation and humor. The project is perfect for the current market conditions as well, which have been showing signs of volatility all while keeping the meme coin space active.

At it’s core, WienerAI embodies a narrative that transcends traditional altcoin paradigms. Conceived as the brainchild of The Architect, a maverick scientist with a penchant for the eccentric, WienerAI blends elements of advanced AI research with a comedic twist involving sausage DNA mishaps. This distinctive storyline not only captures the imagination of crypto enthusiasts but also injects a dose of levity into an often-serious market.

However, WienerAI’s appeal extends far beyond its amusing premise. WienerAI has designed the “world’s most powerful AI crypto trading bot” to help investors stay on top of their game in the volatile market. This aspect of the project gives utility to its native token, WAI.

With a meticulously designed tokenomics structure and a commitment to community engagement, WienerAI offers investors the opportunity to participate in a project with both substance and style. The project’s high staking rewards, coupled with an audited contract for investor security, underscore its commitment to delivering value in a volatile market landscape.

For those seeking an altcoin investment with the potential for exponential growth, WienerAI presents a compelling case. Its presale success and growing community support suggest that momentum is building, paving the way for a potential breakout in the altcoin market. As investors rush to join the “wiener army” and capitalize on the project’s early success, WienerAI emerges as a beacon of opportunity in the ever-evolving world of cryptocurrency.

Visit WienerAI Presale

Base Dawgz (DAWGZ) – Best Multi Chain Altcoin of 2024

Developed on the Base blockchain, Base Dawgz is capitalizing on multiple narratives to position itself as one of the top altcoins this year. First, it aligns with the Base token narrative. Originating from Coinbase, the blockchain has made a significant market impact by launching a variety of accessible meme coins and decentralized applications.

Base Dawgz Best altcoin
Base Dawgz Best altcoin

Furthermore, Base Dawgz stands out as a multi-chain meme coin, providing enthusiasts—affectionately known as ‘degens’—the flexibility to migrate across different blockchains. This capability not only broadens Base Dawgz’s exposure but also ensures engagement from a diverse audience. Remarkably, the project’s tokenomics indicate that the team holds no tokens, fostering a wide array of potential future use cases within its diverse community.

Given its immense potential for both short-term and long-term growth, Base Dawgz is arguably the premier memecoin in the multi-chain arena. Its flexibility is impressive, and its growth potential is substantial. Consequently, those interested should consider investing in this token by visiting basedawgz.com.

Visit Base Dawgz Presale

Mega Dice (DICE) – Top Altcoin with GameFi Perks

Mega Dice is emerging as one of the top altcoins in the market with significant potential. It is carving a niche in the GambleFi sector, taking cues from the recently released GameFi cryptos like Scorp by offering its native cryptocurrency, allowing participants to own a stake in the casino.

The crypto being offered here is $DICE. It is an ERC-20 token developed on the Solana blockchain, not only grants exclusive access to certain games and NFTs but also enables holders to benefit from the growth of Mega Dice Casino.

This token boasts multiple advantages. Firstly, it capitalizes on the unique benefits of being a GameFi token.

However, it also banks on the narrative put forward by Solana. Its presence on the Solana blockchain adds a layer of credibility and potential for growth, as Solana-based assets have demonstrated strong performance this year. The dual appeal of being a GamebleFi token on a robust platform like Solana could enhance its long-term attractiveness.

The project has already secured over $350,000 in funding in its ongoing presale. For more information, visit megadicetoken.com.

Visit Mega Dice Presale

99Bitcoins (99BTC) – Altcoin Powering an Learn-to-Earn Platform

Since 2013, 99Bitcoins has been regarded as a stronghold of crypto education. Its simplified and engaging approach to the cryptosphere has been well received, with its YouTube channel, which currently has over 700k subscribers, especially getting recognition for its efforts to simplify the understanding of blockchains from basics.

With the rollout of its new Web3 platform, 99Bitcoins is enhancing its educational offerings. This platform is powered by the ERC-20 token, 99BTC, now touted as one of the best altcoins in the Learn-to-Earn (L2E) sector, where participants can earn crypto by engaging with the cryptocurrency market.

99Bitcoins presale project

99Bitcoins also offers additional benefits, including staking rewards, access to exclusive training modules, crypto signals, and a community of crypto experts who share their insights and expertise.

The official presale of 99Bitcoins is already making significant strides, having raised over $1 million. As the multi-staged presale progresses quickly, prospective investors are encouraged to act promptly by visiting presale.99bitcoins.com.

Visit 99Bitcoins

eTukTuk (TUK) – Green Crypto With an EV-Focused Concept

While numerous cryptocurrencies claim to be eco-friendly, only a few actively address environmental issues. eTukTuk stands out as an initiative committed to sparking an electric vehicle (EV) revolution by enhancing both the accessibility of transportation and its ecosystem for potential users. The project encompasses two key components: an EV Tuktuk vehicle and a comprehensive network of charging stations designed to facilitate convenient charging for vehicle owners. With this combination, the project aims to establish an entirely new and eco-friendly commuting industry.

eTukTuk 2

As an altcoin, eTukTuk’s TUK token emerges as an excellent consideration for several reasons. Firstly, it is currently in its presale phase, offering investors the opportunity to acquire tokens at a lower price compared to the launch phase. Secondly, the token already holds substantial utility, serving as a means of payment at charging stations. Its value is expected to increase further when the project introduces its play-to-earn (P2E) game, also powered by the TUK token.

The growth potential of eTukTuk as a project is substantial, thanks to its innovative and practical concept. A clear indicator of this potential is the project’s impressive achievement of raising over $550k within just a couple of weeks of the presale launch. With a rising demand for the project and a concept aligning with current market trends, this altcoin deserves a spot on the watchlist of all altcoin investors.

Visit eTukTuk

Cardano (ADA) – Backed by a Solid Proof-of-Stake Blockchain Platform

According to Cardano’s website, this proof-of-stake blockchain platform aims to empower “changemakers, innovators, and visionaries” to benefit the world. By “redistributing power from unaccountable systems to the fringes to people,” the open-source initiative also makes society more safe, transparent, and equitable.

Cardano Price Chart All Time 2024

 

Gerolamo Cardano, a 16th-century Italian polymath, was the inspiration for the name Cardano, which was formed in 2017. It is said that Ada Lovelace, a 19th-century mathematician generally recognized as the world’s first computer programmer, is the inspiration for the native ADA token. Owners of ADA tokens can participate in the network’s functioning thanks to the token’s architecture. As a result, users who own the cryptocurrency can vote on any modifications to the program that may be suggested.

According to the team behind it, decentralized applications and smart contracts can be built modularly thanks to the layered blockchain technology.

Charles Hoskinson revealed the Alonzo hard fork in August of 2021, leading Cardano’s price to soar by 116% the following month after the announcement. Alonzo, the first hard fork of the Cardano blockchain, will be live on September 12, 2021. The first 24 hours after the launch saw the deployment of over 100 intelligent contracts.

Other Cardano-based applications provide for the secure storage of educational credentials and detecting counterfeit goods by shops and agricultural enterprises.

Buy ADA

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Pendle (PENDLE) – Yield Sharing Network

Pendle is a blockchain project that promises a fixed yield to everyone. This yield-sharing network allows investors to control their yields to hedge against market risks. 

Pendle Top Gainer

In essence, the project’s main goal is the tokenization and trading of future yields. It has created a unique automated market maker that supports assets with time delay. This approach to allowing users to control their future yields is said to optimize staking rewards. 

The platform is also cross-chain compatible, available on Ethereum, Arbitrum, BNB Chain, and Optimism. There are three elements that lie at the core of this technology: yield tokenization, Pendle AMM, and vePendle. 

Yield tokenization allows users to split their yield-bearing assets into separate yield and principal components, similar to the principal amount and interest. The Pendle Automated Market Maker allows investors to concentrate liquidity when trading yield and vePENDLE is what users will gain upon staking their $PENDLE tokens. 

These attributes and the recent market movements allowed this altcoin to become trending on the price chart. In terms of future developments, Pendle has recently partnered with Renzo Protocol to get easy access to yields. 

Buy PENDLE

Pyth Network (PYTH) – Providing Real-Time Price Feed to Dapps

Pyth Network presents users with one of the fastest-growing third-party oracle networks, delivering real-time market data to financial decentralized applications across more than 45 blockchains. It is said to deliver over 400+ price feeds that are said to be very accurate. 

Pyth Network (PYTH)

The financial data it delivers is not limited to cryptocurrencies; equities, FX, and commodities are also covered. So far, the project has gotten major participants, including CBOE, Binance, OKX, Bybit, and Jane Street. 

According to the whitepaper, a “pull” method is being used by the project to aggregate prices. According to the Pyth Network, this approach makes the aggregation on a cheap chain. 

Pythnet is a Solana fork, which gives it low latency, giving users high-frequency price updates. 

At present, Pyth Network is said to allow more than 80 million updates per day for more precise and secure information. 

Due to these factors, Pyth Network is getting attention as the best altcoin for those who are looking for data on demand. Price-wise, the project has seen a fair amount of growth and is currently trading around the $0.4 range.

Buy PYTH

Ethereum (ETH) – The first Altcoin Ever Released

The open-source blockchain platform Ethereum has its own native currency, Ether. Many additional cryptocurrencies and decentralized intelligent contracts can be run on the Ethereum platform.

Vitalik Buterin published a whitepaper outlining the concept of Ethereum in 2013. In the summer of 2014, Buterin and his co-founders raised money for the project via an online public crowd sale. Bitcoin raised $18.3 million, Ethereum’s ICO price was $0.311, with more than 60 million Ether being sold by the project team.

All Time Price Chart for Ethereum

With the current price of Ethereum, your annualized return on investment (ROI) is over 270 percent, effectively quadrupling your investment every year since the summer of 2014.

After months of testing and development, the Ethereum Foundation, on July 30, 2015, formally published the blockchain under the codename “Frontier.” Some network upgrades have occurred since then: “Constantinople” on February 28, 2019, “Istanbul” on December 8, 2019, “Muir Glacier” on January 2, 2020, “Berlin” on April 14, 2021; and most recently, “London” on August 5, 2021.

With the stated objective of becoming a global decentralized application platform, Ethereum aims to enable programmers worldwide to create and operate software resistant to censorship, downtime, and fraud however they see fit.

Buy ETH

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Ripple (XRP) – Backed by a Global Digital Transaction Network

A cryptocurrency payment system developed by Ripple Labs Inc., XRP is the system’s native currency. Ripple has created a “digital asset intended for global payments” called XRP to compete with the banking sector. XRP might interest individual consumers and banks because of its cheap transaction fees. In addition to its ultra-low transaction fees, Ripple boasts a transaction completion time of under five seconds.

Ripple All Time Price Chart

Chris Larsen and Jed McCaleb started the startup in 2012, based on Ryan Fugger’s work on the XRP Ledger. XRP Ledger is a peer-to-peer network-based open-source cryptographic ledger. Ultimately, McCaleb departed Ripple and developed Stellar, a payment-focused cryptocurrency.

As a result of the company’s name change to Ripple from OpenCoin, Ripple has established strategic alliances with major financial institutions such as Bank of America, Santander, and Standard Chartered. As a result of Ripple’s failure to comply with the Bank Secrecy Acts, the company was declared unregistered securities by US regulators very quickly.

Buy XRP

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Solana (SOL) – A Relatively New, Fast-growing, and Greener Alternative to Larger Altcoins

The open-source Solana project uses the permissionless aspect of blockchain technology to deliver decentralized financial (DeFi) solutions. As of March 2020, the Solana Foundation’s headquarters in Geneva, Switzerland, has formally begun the project.

Solana price chart 2024

Decentralized applications (DApps) may be built using the Solana protocol. Staking and the blockchain’s underlying proof-of-history (PoH) consensus are coupled to increase scalability.

Small-time traders and institutions alike are interested in Solana’s novel hybrid consensus strategy. The Solana Foundation is particularly interested in expanding the reach of decentralized finance.

The current Solana price is $114.49 USD, with a trading volume of $2,968,665,857 USD in the last 24 hours. In real-time, we convert our SOL to the USD price. The price of Solana has dropped by 0.20 percent during the past day. There is a live market capitalization of $37,221,287,633 USD on CoinMarketCap. 325,110,998 SOL coins are in circulation, but the maximum supply is unavailable.

Buy SOL

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Binance Coin (BNB) – A Utility Coin Based on its Own Exchange Platform

Binance was launched in July 2017 and is now the world’s largest cryptocurrency exchange in terms of trading volume. Binance aims to put cryptocurrency exchanges at the center of global financial activity. The word “Binance” refers to a new financial paradigm known as “Binary Finance,” or simply “Binance.”

BNB Price Chart All Time 2024

In addition to becoming the world’s biggest cryptocurrency exchange, Binance has created a whole ecosystem of features for its customers. Among the Binance network’s many projects is a chain of blockchain-powered projects called Binance Chain, which comprises the Binance Smart Chain, Binance Academy, Trust Wallet, and Research initiatives. Many Binance sub-projects rely heavily on BNB for their success.

Binance is a decentralized, blockchain-based network environment unlike any other. As a top cryptocurrency exchange in many countries, the company’s side organizations are also drawing attention.

Binance’s relentless pursuit of innovation is one of its most significant competitive advantages. While Binance began as a cryptocurrency exchange in 2017, the firm has expanded its services to include various industries. According to the business website, the goal is to be an infrastructure service provider for all blockchains.

Increased investor interest in BNB has been a side effect of the exchange’s coin debut.

Buy BNB

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Litecoin (LTC) – First altcoins out after Bitcoin, Launched in 2011

To deliver safe, rapid, and low-cost transactions, Litecoin (LTC) was created to use the unique qualities of blockchain technology.

Bitcoin (BTC) protocol was employed in creating the cryptocurrency; however, the hashing algorithm, hard cap, block transaction timeframes, and a few other aspects have been modified. Microtransactions and point-of-sale payments are well-suited to Litecoin, thanks to its fast block time and cheap transaction costs.

It was published on October 7, 2011, through an open-source client on GitHub, and the Litecoin Network went online on October 13, 2011. Since then, its use and acceptance by merchants have grown exponentially, and it has consistently ranked in the top 16 cryptocurrencies regarding market valuation.

Litecoin All Time Price Chart of 2024

 

A former Google engineer named Charlie Lee designed Litecoin as a “lite version of Bitcoin” since it has many of the same attributes as Bitcoin but is less in weight. Litecoin is a decentralized digital currency.

Buy LTC

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Stellar (XLM) – Blockchain Network providing Enterprise Solutions to Financial Institutions

Stellar is a decentralized open network that facilitates the transfer and storage of digital currency. Initially, one of its aims was to assist the global unbanked to become more financially included. Still, as time went on, the focus turned to enabling financial institutions to communicate with one another via blockchain technology.

By using lumens as a bridge to transfer assets across borders, the network makes it more affordable to do so. This is meant to pressure current payment providers, who often demand exorbitant rates for the same service.

Stellar XLM all-time price chart

If this seems familiar, remember that Stellar was initially built on the Ripple Labs protocol. A hard fork resulted in the creation of the blockchain, and the code was then modified.

The cost of tuition puts many people off. However, transaction fees on the Bitcoin and Ethereum blockchains have been known to skyrocket due to congestion, and this isn’t limited to fiat-based payment systems like PayPal.

Every transaction on Stellar costs only 0.00001 XLM. Due to the low price of this cryptocurrency, consumers can retain a more significant portion of their money.

Few blockchain startups have been able to establish collaborations with significant technological and financial institutions. As part of a partnership with IBM a few years back, Stellar and IBM launched World Wire. This project enabled big financial institutions to submit transactions to the Stellar network and trade using bridge assets like stablecoins.

In contrast to other blockchains, Stellar enables its users to vote on which projects should get community cash.

Buy XLM

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What are Altcoins?

Aside from Bitcoin (BTC), any cryptocurrency is considered an altcoin or alternative coin. Many of these altcoins share certain features with the well-known Bitcoin; however, some have specific differences. To give you an idea, certain altcoins utilize a distinguishable mechanism of consensus to validate transactions or create blocks of chained data. Many altcoins use special contracts to provide unique capabilities, such as lowered price volatility, lotteries, etc.

Best Exchange to Buy Altcoins

When it comes to exchanges to trade altcoins, there are loads of exchanges one can use, each of which has its own unique features. Our top recommendation for a safe platform is eToro.

1. eToro

etoro-platform

eToro, allows customers to purchase Bitcoin and more than 75 other cryptocurrencies through eWallets, PayPal, credit cards, bank transfers, and various other deposit options.

In numerous reviews across the globe, millions of investors and professionals have ranked it as the top crypto exchange for 2024.

eToro was formed in 2007 but recently opened its doors to US investors. Traders worldwide, including those in the UK, Australia, and Europe, were already using the site to trade crypto, stocks, and ETFs.

Creating an eToro.com account simply takes a few minutes of your time. eToro’s design is essential and user-friendly compared to many other famous crypto exchanges. Thanks to its many helpful features, it’s a good choice for novices and experienced traders.

Visit eToro

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How to Invest in Altcoins

Buy the Underlying Asset

Trading conventional money (US dollars) for crypto asset tokens like Bitcoin, XRP, or Litecoin is the only way to buy cryptocurrency and own the underlying asset.

In this case, an exchange buys the token on your behalf and registers it into a separate account under your name.

You stand to gain if the value of your crypto asset increases throughout your ownership. You’ll suffer a loss, though, if the price drops.

The key benefit of this strategy is that you control the crypto assets. Therefore, the tokens are entirely in your possession and control. Using the tokens is as simple as putting them in your wallet, exchanging them for other crypto assets, sending them to friends, or using them to make purchases.

A $1,000 Bitcoin purchase may be used to pay for items at stores that accept Bitcoin.

Your crypto assets may be transferred to an exchange Wallet to keep it secure.

Why Buy Altcoins?

If you’re going to invest in crypto and you have the time to do your homework, you should think about investing in altcoins. While Bitcoin is generally used as a store of wealth, certain altcoins have a more comprehensive range of applications than Bitcoin does. Regarding cryptocurrencies, altcoins might experience a higher price rise if they catch on.

Investing in cryptocurrencies comes with some drawbacks. Investing in cryptocurrencies might be difficult since there are so many options. Altcoins are more risky, and many lesser ones are questionable investments or frauds. We’ve listed some verified altcoin projects on our crypto presales page.

To sum it up, if you’re a cryptocurrency trader who prefers to do their own research, you should look at altcoins. Cryptocurrency stocks are a better option if you’re searching for a lower-risk or less time-consuming investment. It’s essential to remember that taking on too much risk isn’t encouraged. So, even if you decide to purchase alternative cryptocurrencies, they should only make up a tiny portion of your portfolio.

Risks of Buying Altcoins

Even though they might seem harmless, altcoins have a couple of downsides, especially regarding risk.

The investment market for altcoins is much smaller than that for Bitcoin, meaning they will be much less stable. A study in 2021 stated that Bitcoin takes up around 42% of the whole crypto trading market. It is because of the lack of regulation and precise investing requirements that the altcoin market has low liquidity. Consequently, compared to Bitcoin, the price of these cryptocurrencies is more volatile.

Altcoins and their use cases are not always simple to differentiate, making investment choices even more complicated. We’ve also seen loads of altcoins killed out due to them not holding their initial success. “Dead” cryptocurrencies have been known to sink investor funds, and the more altcoins come out, the more familiar it will be for these coins to die out.

How Much Should You Invest in Altcoins

If you want to invest in Altcoins, you must remember that it takes good knowledge to understand how the market works. It’s also essential to closely monitor your assets due to the high volatility. When it comes to how much to invest in these kinds of assets, it all depends on how much money you can dispose of. The best mentality to go at altcoins with is that where the money you invest is not necessary for you to live, and it’s good to place it into your portfolio with the thought that you’ll lose it all.

Not that likely; anyone could possibly lose everything in an altcoin portfolio; however, it would not be a wise choice to put “necessity money” in these cryptocurrencies, since they can be surprisingly volatile. If you have an investment savings portfolio, splitting it in half between Bitcoin and other altcoins would be wise since it is much more stable. It can give you a vague idea of any patterns other cryptocurrencies can take after.

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FAQs

Which altcoins will explode this year?

PlayDoge(CCC:PLAY), 99Bitcoins(CCC:99BTC), Flux (CCC:FLUX), Ripple (CCC:XRP), & Polygon (CCC:MATIC), are five of the fastest growing cryptocurrencies this year.

What does altcoin mean?

The term “altcoin” or alternative coin, simply means any cryptocurrency token that is not bitcoin, but shares similarities with it like operating through blockchain ledgers.

Is Dogecoin an altcoin?

Dogecoin (DOGE), is an open-source, peer to peer crypto asset. It is deemed as an altcoin while also making it in the list of the biggest meme coins ever.

What are altcoins used for?

Altcoins are used for the same purpose as bitcoin, on a much smaller and more volatile scale. They’re made to use blockchain as a distributed public ledger which records incorruptible transactions through consensi that the transactions are legitimate.

Will altcoins go up?

Altcoins will not only go up, they will also go down, then they could go up again, and down again, and up again, and so on. No one could really possibly predict the future of any altcoin with 100% accuracy, however if there’s one thing we know for sure, it’s that people are making a lot of money through them.

How to find promising altcoins?

Finding the right altcoins to invest in can be tough. Best way to determine the safety, legitimacy and future of an altcoin is through online reviews, as well as reading their whitepapers, observing their market patterns, and looking deep into individual projects that have more than just a cryptocurrency to trade in their minds.

How to find promising altcoins?

Finding the right altcoins to invest in can be tough. Best way to determine the safety, legitimacy and future of an altcoin is through online reviews, as well as reading their whitepapers, observing their market patterns, and looking deep into individual projects that have more than just a cryptocurrency to trade in their minds.

How many altcoins are there?

There are approximately 20,000 altcoins on the market right now.

Why altcoins drop when bitcoin drops?

BTC dominance can directly affect altcoins, as it showcases how much of the market's trading volume is in BTC vs. how much of the trading volume is in altcoins. Generally, if Bitcoin dominance is up, then traders recommend one has more of their crypto holdings in BTC than in altcoins