Below are 5 potential altcoins that many investors are paying attention to, based on the development of technology, community, and global market, economic, and political factors in 2024:
1. Polkadot (DOT)
Description: A multi-chain blockchain that connects different blockchains, supporting interoperability and data sharing.
Strengths: Strong interoperability and high scalability, helping to reduce congestion and improve performance.
2. Solana (SOL)
Description: A high-speed blockchain with low transaction fees, using Proof of History (PoH).
Strengths: Processes up to 50,000 transactions per second and ultra-low transaction fees, attracting DeFi and NFT applications.
3. Chainlink (LINK)
Description: A decentralized oracle network that connects smart contracts with off-chain data.
Strengths: An important role in DeFi and smart contracts, providing accurate and secure data.
4. Avalanche (AVAX)
Description: A blockchain that allows processing thousands of transactions per second with low fees.
Strengths: Fast transaction speed and compatibility with Ethereum, attracting many DeFi projects.
5. Arbitrum (ARB)
Description: A Layer 2 scaling solution for Ethereum, using Rollups to reduce fees and increase transaction speed.
Strengths: Reduces the load on Ethereum, enhances scalability, and helps lower gas fees for DeFi applications.
These altcoins all have great potential and are attracting interest from the community and investors.