Table of contents
16 Best Altcoins to Buy: Exploring the Best and New Altcoins to Invest in 2025
1. Ethereum - The best altcoin to invest in in 2024
2. Solana – A strong contender in the DeFi and NFT space
3. NEAR Protocol – Highly Scalable Blockchain with Sharding
4. Bittensor – A decentralized platform for machine intelligence
5. Monero – The Leading Privacy Coin
6. BNB – The Biggest Challenger to Ethereum’s DeFi Dominance
7. Kaspa – High-performance distributed ledger with unique architecture
8. Cosmos – Building the “Internet of Blockchains” powered by ATOM
9. Stacks – A platform to extend Bitcoin’s functionality
10. Render Network – Decentralized GPU rendering network
11. Sei – One of the fastest blockchains on the market today
12. Toncoin – An efficient blockchain integrated with Telegram messenger
13. Chainlink – The most widely adopted decentralized oracle network
14. Helium – Decentralized wireless network infrastructure
15. Ondo Finance – Real-world asset tokenization platform
16. Sui – Scalable blockchain with Move smart contract capabilities
Bottom line: Which altcoin is best to buy depends on your risk profile and financial goals
Finding the best altcoins to buy could mean the difference between having a strong portfolio performance or sitting in “cash” in the losing zone. However, given the number of new altcoins to invest in and the plethora of established projects, choosing the best altcoins for 2024 can be quite challenging.
With the crypto winter and overall negative market trends finally reversing in the second half of last year, we’ve compiled a list of the best altcoins to buy for 2024, including established crypto staples, newcomers to the space, and some small-cap coins with strong upside potential.
Here is our list of the best altcoins to buy in 2024:
Ethereum — The Best Altcoin to Invest in 2024
Solana – A strong contender in the DeFi and NFT space
NEAR Protocol – A highly scalable blockchain with sharding
Bittensor – A decentralized platform for machine intelligence
Monero – The Leading Privacy Coin
BNB – The Biggest Challenger to Ethereum’s DeFi Dominance
Kaspa - a high-performance distributed ledger with a unique architecture
Cosmos - Building the “Internet of Blockchains” powered by ATOM
Stacks – a platform to extend Bitcoin’s functionality
Rendering Network – Decentralized GPU rendering network
Sei – One of the fastest blockchains on the market today
Toncoin - an efficient blockchain with Telegram messenger integration
Chainlink – The most widely adopted decentralized oracle network
Helium — Decentralized wireless network infrastructure
Ondo Finance – A platform for tokenizing real-world assets
Sui – A scalable blockchain with Move smart contract capabilities
16 Best Altcoins to Buy:
Discussing the best and new altcoins to invest in 2024
The following selection includes some of the top altcoins that are expected to achieve strong market performance in 2023. They cover the industry's largest crypto assets to lesser-known projects, so there is a good chance that you can find a project that is suitable for you.
1. Ethereum
—The best altcoins to invest in in 2024
It would be impossible to compile any list of the best altcoins to buy without including Ethereum (ETH). The second-largest cryptocurrency by market cap and by far the largest decentralized finance (DeFi) platform in the space, Ethereum is undoubtedly one of the best altcoins to buy right now. With the successful transition to the Proof-of-Stake (PoS) consensus mechanism in September 2022, the network has become more energy efficient by over 99.9% and laid the foundation for upcoming scalability improvements that will increase Ethereum's number of transactions per second (TPS) from 15 today to 100,000 in the future.
Ethereum, which launched in 2015 and whose co-founder Vitalik Buterin published a white paper in 2013, is currently the industry’s leading smart contract platform, with a total value locked (TVL) that is almost six times that of second-place TRON ($43.4 billion to TRON’s $8.19 billion, according to DeFiLlama). Currently, Ethereum still seems to have the upper hand over Cardano, Solana, and other “Ethereum killers.”
Why Ethereum is a great altcoin to buy in 2024?
Ethereum projected investment growth over 5 years, with an initial investment of $1,000 and monthly contributions of $100. For more details, visit our Ethereum profit calculator. (Based on Ethereum's performance over the past 5 years, the forecast assumes a CAGR of 86.1%)
Ethereum is the backbone of thousands of crypto projects that rely on its blockchain. From popular decentralized exchanges (DEXs) like Uniswap and dYdX to many liquidity staking services and numerous digital assets (including NFTs) on the Ethereum blockchain, the crypto space as we know it today would not exist without Ethereum. Ultimately, an investment in ETH is a bet on the long-term success of the crypto industry.
One big advantage of Ethereum is that it has performed relatively poorly in the market compared to some of the other top cryptocurrencies. Bitcoin, Solana, Cardano, Avalanche, and many other cryptocurrencies have gained more than 150% in 2023, while Ethereum has gained “only” 85%, which may mean that Ethereum, as the world’s largest altcoin, has a lot of room to grow in 2024.
Additionally, Ethereum is widely expected to be the next cryptocurrency to have its own spot exchange-traded fund (ETF) in the U.S., following the launch of a Bitcoin spot ETF earlier this year. This could attract a large amount of money from institutional investors and boost the value of Ethereum.
2. Solana
– A strong competitor in the DeFi and NFT fields
Solana is a high-performance blockchain network designed to support decentralized applications and crypto projects at scale. Its innovative architecture leverages a combination of unique technologies to achieve high throughput and fast transaction speeds, processing thousands of transactions per second. Solana uses Proof of History (PoH) consensus mechanisms and Proof of Stake (PoS) to ensure fast transaction finality and low transaction costs.
Additionally, Solana’s ecosystem continues to expand, fostering a vibrant community of developers, entrepreneurs, and projects leveraging its capabilities. Its growing ecosystem includes DeFi applications, NFT marketplaces, gaming projects, and more, demonstrating the versatility and potential of the Solana blockchain.
Why Solana is a great altcoin to buy in 2024?
Solana has attracted a growing developer community, building a diverse ecosystem of projects, including decentralized applications, smart contracts, and decentralized financial protocols. This has enabled Solana to reject the 2022 market bottom in spectacular fashion (after the collapse of FTX, one of Solana's largest supporters). In the last quarter of 2023, Solana rose 400%, breaking through $99 for the first time since 2021, capping off its impressive rally.
At one point, SOL surpassed XRP and BNB to become the fourth most valuable asset in the cryptocurrency market, behind only Bitcoin, Ethereum, and Tether. If this trend continues, we could easily see Solana not only surpass its previous high of $260, but also set new highs in 2024. In fact, our SOL price prediction shows that the currency will reach $343 by the end of December, which would be about 250% higher than its current price.
3. NEAR Protocol
– Highly scalable blockchain with sharding capabilities
NEAR Protocol is a layer 1 blockchain that aims to enable widespread adoption of web3 by implementing the Nightshade sharding mechanism and a proof-of-stake consensus algorithm. The NEAR platform is built for scalability and provides an accessible and developer-friendly environment.
The team behind NEAR positions the platform as the underlying operating system for web3, enabling developers to create applications using popular programming languages such as JavaScript. In addition, NEAR allows developers to leverage community-shared components, making application development more efficient. A unique feature of NEAR is its ability to attract users with no prior cryptocurrency holdings, making it particularly suitable for newcomers to web3 technology.
Transactions on the NEAR Protocol are completed in three seconds and cost less than $0.01. With the launch of Nightshade sharding, the platform is expected to achieve even greater scalability.
What is NEAR Protocol a good altcoin to buy in 2024?
The (NEAR State of the NEAR Q1 2024) released by Messari shows that the NEAR protocol has made great progress recently. In the first quarter of 2024, the number of active addresses of NEAR increased to 1.2 million, an increase of 377% in six months. During the same period, the number of transactions facilitated by the NEAR protocol increased by 538%.
As of this writing, the price of NEAR, the native asset of the NEAR protocol, has risen 104% year to date. Since the beginning of 2024, NEAR has risen from 26th to 17th in the cryptocurrency market cap rankings.
According to Messari’s report, blockchain gaming is one of the key drivers of NEAR adoption, with projects such as Sweat and Playember gaining widespread adoption. Other standout applications built on the NEAR protocol include the KAIKAINOW social platform and the HOT wallet.
4th Bittensor
– Decentralized platform for machine intelligence
Bittensor is a decentralized platform that provides a peer-to-peer marketplace for machine intelligence. Bittensor consists of multiple subnets dedicated to specific tasks such as text prompting, transcription, or audio generation. There are currently more than 30 Bittensor subnets in operation.
Bittensor uses a very unique consensus mechanism called Yuma consensus, which allows validators on different subnets to shape what the network should learn.
The computing resources required to perform machine learning tasks on the Bittensor network are provided by miners, who are incentivized using TAO tokens. Users who need machine learning services must pay TAO tokens to access them.
Bittensor makes these advanced solutions accessible to everyday users by providing a decentralized and cost-effective network of machine learning algorithms.
Why Bittensor is a great altcoin to buy in 2024?
Bittensor is a notable cryptocurrency for the 2024 bull run as it sits right at the intersection of AI and dePIN, two of the biggest trends in crypto and blockchain right now. At the time of writing, TAO’s year-to-date change is +152%, which has helped it enter the top 30 cryptocurrencies by market cap. TAO is currently the most valuable token in the AI crypto space.
The TAO token also recently benefited from a listing on the Binance cryptocurrency exchange. This listing is crucial as it makes TAO easily accessible to tens of millions of cryptocurrency investors.
5. Monero
– Leading privacy coin
Monero is a community-run privacy coin that was originally released in 2014 as a fork of Bitcoin by an anonymous developer. Monero launched without an ICO or premine, ensuring a fair distribution to the community. The technology behind Monero has steadily improved over the years, and Monero today is very different from its beginnings as a relatively unremarkable Bytecoin fork.
Monero is designed with privacy in mind, using multiple technologies such as RingCT, stealth addresses, and ring signatures to ensure that parties not directly involved in the transaction cannot see the amounts and addresses involved. Due to its privacy-enhancing features, Monero is a truly fungible digital currency.
Another interesting aspect of Monero is that it is mined using the RandomX algorithm, which is specifically designed to prevent ASIC mining. This prevents centralization of Monero mining and allows XMR to be profitably mined using consumer-grade computer hardware.
Why XMR is a great altcoin to buy in 2024?
Monero is a digital cash that enables peer-to-peer transactions without relying on third-party intermediaries, and its strong fungibility is a significant advantage. Similar to Bitcoin, Monero transactions can be conducted globally at any time. Although Monero has occasionally been criticized for its association with darknet markets, it remains a valuable resource for those who prioritize privacy.
At the time of writing, Monero is by far the largest privacy coin. Its market cap is $4.03 billion, more than 3 times that of its second largest competitor, Zcash ($1.19 billion). With surveillance technology advancing at a rapid pace, cryptocurrencies that achieve true privacy are likely to become increasingly valuable in the coming years.
6. BNB
– The biggest challenger to Ethereum’s DeFi dominance
BNB is the native asset of the BNB Chain, the third largest cryptocurrency ecosystem by deployed decentralized applications (dApps) and third largest by TVL, with a market cap of over $3.9 billion as of December 2023. BNB is also the native asset of Binance, a digital asset exchange that accounts for the majority of all cryptocurrency trading volume. BNB enables Binance users to reduce trading fees and unlock multiple benefits, such as eligibility for Launchpad and Launchpool programs, crypto credit card cashback, and more.
In 2023, BNB Chain achieved several important milestones - its number of unique addresses surpassed Ethereum, reaching 390 million (to Ethereum's 243 million). In addition, in May, BNB Chain's transaction volume reached a yearly high of 5.3 million, and the peak daily users reached 1.37 million in the same month. Interestingly, these milestones were achieved during the crypto winter, which shows that cryptocurrencies may see more significant growth when market conditions are favorable.
While the SEC’s lawsuit against Binance and the resignation of its founder and former CEO Changpeng Zhao are undoubtedly huge negative news, Binance still has a very large and loyal user base and is one of the most active DeFi networks in the world, both of which could help BNB succeed in 2024.
Why BNB is a great altcoin to buy in 2024?
The impressive user metrics are the result of community growth and blockchain development over the past few months. BNB sidechains, zkBNB, Binance Oracles, and the AvengerDAO security initiative are just some of the developments that will enhance the BNB-powered network in 2022. In 2023, the BNB Chain team launched opBNB, an Optimism-based layer 2 solution that further reduces fees and transaction processing times. Looking ahead, we can easily see BNB's strong growth momentum beginning to be reflected in the market. Looking ahead, the BNB Chain team revealed that as part of its 2024 roadmap, it plans to migrate the Beacon Chain to BSC. If successful, the migration could increase network efficiency, improve security, and align the BNB Chain's architecture with current technological needs and future growth.
7. When
– High-performance distributed ledger with unique architecture
Kaspa is a distributed ledger that uses a blockDAG architecture instead of a blockchain. The architecture is based on a directed acyclic graph (DAG). More specifically, Kaspa’s blockDAG implementation is called GHOSTDAG. This unique architecture enables Kaspa to add new blocks at an extremely fast rate (currently at 1 block per second) and process transactions with minimal fees.
The Kaspa ledger is secured through Proof of Work (PoW) and uses the kHeavyHash PoW algorithm, which is a modified version of the SHA-256 algorithm used by Bitcoin. The Kaspa network is decentralized and permissionless, meaning anyone is free to join the network as a miner.
Why Kaspa is a great altcoin to buy in 2024?
Kaspa has had a strong 2024 and is one of the most profitable cryptocurrencies to mine, having gained 49.5% against the U.S. dollar since January 1, 2024. Recently, Kaspa benefited from another growth catalyst, with the announcement of the launch of Kaspa mining operations by Marathon Digital, a U.S.-based cryptocurrency mining company.
The company has purchased 60 petahashes worth of Kaspa mining hardware (Bitmain’s KS3, KS5, and KS5 Pro miners), although only half of Marathon Digital’s Kaspa miners are currently in operation. The company estimates that once all of its Kaspa mining hardware is deployed, it will have 16% of Kaspa’s global hash rate.
Marathon cited Kaspa’s “fair launch, technology and strong market position” as the main reasons for their decision to start mining in addition to Bitcoin. The company also cited the diversification of its digital asset portfolio as a key reason for launching Kaspa’s mining operations.
8. Cosmos
– Building the “Internet of Blockchains” powered by ATOM
Cosmos (ATOM) is a decentralized network of independent parallel blockchains that use a BFT consensus algorithm (such as Tendermint consensus). It aims to be a scalable and interactive blockchain ecosystem, overcoming the limitations of previous blockchain architectures that were isolated and unable to communicate with each other. Cosmos aims to solve the problems of low scalability and difficulty in building blockchains by providing a new vision for the underlying technology.
The ultimate goal of Cosmos is to create an "Internet of Blockchains," or in other words, a network of blockchains that can communicate with each other in a decentralized manner. To this end, the Cosmos team has developed the Cosmos SDK, a modular framework that simplifies dApp development, and the Inter-Blockchain Communication (IBC) protocol, which allows blockchains to exchange data with each other in a decentralized manner.
Why Cosmos is a great altcoin to buy in 2024?
The Cosmos network is secured by ATOM token holders who earn staking rewards by securing services on the Cosmos Hub. Whether ATOM can become a premium altcoin to buy in 2024 will depend primarily on the user growth of the Cosmos network. One reason for the optimistic outlook is the large number of active developers in the ecosystem, with Cosmos being the second most actively developed project as of 2023, behind Polkadot and Cardano.
9. Stacks
– A platform to expand Bitcoin’s capabilities
Stacks is a layer 2 platform that is secured by Bitcoin and provides smart contract capabilities. The goal of the project is to bring features such as decentralized finance and NFTs to the Bitcoin ecosystem. Stacks uses Bitcoin as its settlement layer to create a decentralized and censorship-resistant platform for smart contracts.
The Stacks network is secured through “stacking,” where STX holders temporarily lock up their tokens to maintain network security. In return for “stacking,” users receive rewards in the form of BTC.
The vision of the Stacks project is to activate the vast amount of capital represented by Bitcoin through decentralized financial protocols, decentralized social media platforms, NFTs, and other applications powered by smart contracts.
Why Stacks is a great altcoin to buy in 2024?
This year, the Stacks community is looking forward to the Nakamoto release of the project, which will unlock sBTC, an asset pegged 1:1 to BTC in a trustless manner. This release will also provide Stacks with transactions secured by Bitcoin finality, which will undoubtedly make Stacks one of the most powerful smart contract platforms on the market.
The mainnet rollout of the Nakamoto version began at Bitcoin block #840,360. The mainnet upgrade is expected to take place by the end of August 2024.
The complete rollout plan for the Nakamoto release. As of this writing, 5 of the 6 steps have been completed.
10. Render Network
– Decentralized GPU rendering network
Render Network is a decentralized platform that connects users who need GPU rendering with users who have idle GPUs. It provides users with a more convenient way to access GPU rendering while allowing hardware owners to profit from their idle resources.
Although Render Network is not focused on AI, it can help meet the growing demand for AI by providing GPU computing power, which is critical for technologies like ChatGPT. Render Network already supports image generation using deep learning models such as Stable Diffusion.
Render Network’s incentive system was originally based on the Ethereum blockchain, but they later migrated the RNDR token to Solana, which has become an attractive destination for dePIN projects looking to expand their user base.
Why is Render Token a great altcoin to buy in 2024?
RNDR has been on a roll lately, gaining 451% against the U.S. dollar in the last year. The token has benefited greatly from the enthusiasm for generative artificial intelligence, thanks to the Render Network’s ability to generate images using deep learning models.
Additionally, Render Network has entered into a partnership with OTOY, Stability AI, and Endeavor to develop intellectual property, workflows, and infrastructure for AI technology. As part of the collaboration, OTOY and Stability AI will work together to optimize AI models developed by Stability AI to run on Render Network.
11th Be
– One of the fastest blockchains on the market today
Sei (SEI) is a high-speed blockchain tailored for applications that require fast transaction processing and rapid finality. Its unique parallel architecture improves scalability and provides additional flexibility for developers. Sei achieves impressive block finality performance in just 390 milliseconds and supports up to 12,500 TPS (transactions per second). Built on proven technologies such as Tendermint consensus and WASM, Sei provides strong security, and its commitment to carbon neutrality highlights the project's environmental awareness.
Why Sei is a great altcoin to buy in 2024?
Scalability remains a major hurdle for leading cryptocurrencies such as Bitcoin and Ethereum. Bitcoin processes at a mere 7 TPS and Ethereum at just 15 TPS. Sei’s parallel architecture enables it to handle higher transaction volumes, supporting applications with high computational demands. This allows games, decentralized exchange protocols, and other services that require fast transaction speeds to run efficiently on the blockchain.
12. Toncoin
– Efficient blockchain integrated with Telegram messenger
The TON Blockchain is a blockchain platform that uses proof-of-stake consensus and leverages multiple scaling technologies to support mass adoption. The native asset of the TON Blockchain is called Toncoin, which is used to incentivize validators and pay transaction fees.
While this is a permissionless blockchain and anyone can act as a validator, running a validator requires a large amount of TON. In practice, most Toncoin holders participate in the consensus process by delegating their tokens to validators.
The underlying technology used by Toncoin was originally developed by the team behind the popular private messaging app Telegram. The project, called "The Open Web," was halted after Telegram ran into trouble with U.S. securities regulators. Since then, Toncoin has transitioned to community-driven development and is no longer formally led by Telegram. However, the Telegram app is still releasing various integrations with Toncoin.
Why is Toncoin a great altcoin to buy in 2024?
Developers of the Telegram messaging service are working with the TON Foundation to integrate Toncoin into the Telegram application. For example, users can now access the Toncoin wallet directly from the Telegram menu. The TON Foundation aims to attract 30% of Telegram users to Toncoin by 2028.
If Toncoin does succeed in leveraging Telegram’s massive user base, it could become the best performing cryptocurrency. However, it’s important to remember that Toncoin’s growth potential may be limited by its market cap of $10.8 billion as of March 2024, making it the 15th largest cryptocurrency on the market.
13. Chainlink
– The most widely adopted decentralized oracle network
Chainlink is a decentralized oracle network that enables blockchains to access trusted data from outside their own systems. The project aims to solve the "oracle problem" encountered by blockchains. By securely connecting blockchains with external data, Chainlink enables a variety of use cases that are not possible using on-chain data alone.
Chainlink is already a leading oracle service in the decentralized finance (DeFi) space and is also gaining adoption in NFT projects and crypto games. For example, DeFi protocols can use Chainlink’s network to provide their smart contracts with price data from centralized exchanges operating off-chain. NFT projects can leverage Chainlink to achieve verifiable randomness, ensure fairness, and build trust in the NFT minting and distribution process.
Why Chainlink is a great altcoin to buy in 2024?
World Liberty Financial, a decentralized finance (DeFi) project closely associated with U.S. President-elect Donald Trump, has acquired LINK tokens in two separate transactions totaling approximately $2 million.
Importantly, the World Liberty Financial platform integrated Chainlink to facilitate its integration with the broader cryptocurrency ecosystem, leveraging the protocol for price feeds and cross-chain interoperability.
World Liberty Financial’s acquisition of LINK has fueled market optimism, pushing the token above the $30 mark for the first time since November 2021.
14. Helium
– Decentralized wireless network infrastructure
The Helium project uses blockchain technology to incentivize users to support a decentralized wireless network. The project's first network was launched in 2019 and was designed to meet the data transmission needs of IoT devices. In 2022, Helium expanded by launching a 5G network that provides cellular connectivity.
In 2023, the project launches a mobile operator called Helium Mobile, which provides users with access to a decentralized 5G network through a monthly subscription. By July 2024, the operator has reached the important milestone of 100,000 registered users.
Helium's native cryptocurrency is called HNT. HNT tokens can be burned to generate data credits, which are necessary for transmitting data on Helium's decentralized network. In addition, Helium's IoT network has a token called IOT, while the 5G network uses a token called MOBILE. Users who operate hotspots for Helium's decentralized network can earn these tokens, which can be redeemed for HNT.
Why Helium is a great altcoin to buy in 2024?
From a fundamental perspective, recent times have been exciting for Helium as the Helium Mobile platform has launched compelling new features. The Carrier Offload feature allows carriers other than Helium Mobile to use the decentralized Helium Mobile network to transfer data.
According to Project Helium, two large U.S. carriers are already testing these features. According to data shared in August 2024, more than 185,000 users of one carrier have connected to the Helium network via hotspots.
15. Ondo Finance
– Real-world asset tokenization platform
Ondo Finance is a platform that enables real-world assets (RWAs) to be tokenized and invested in on the blockchain. The platform launched its first tokenized securities products on the Ethereum blockchain in 2023 but has since expanded to the Solana blockchain as well.
ONDO tokens serve as the governance token of ONDO DAO, and holders can vote on various protocol issues such as economic parameters, smart contract upgrades, and matters related to DAO management.
ONDO tokens have a maximum supply of 10 billion, with no planned or scheduled inflation. Instead, tokens are distributed proportionally to various stakeholders and vest over time to ensure controlled growth in the circulating supply of tokens.
Why Ondo Finance is a good altcoin to buy in 2024?
Ondo Finance is a leader in the RWA space, which is likely to be one of the biggest growth drivers in cryptocurrency and blockchain.
The Ondo Finance platform allows financial instruments such as exchange-traded funds (ETFs) or money market funds to be represented by blockchain-based tokens for efficient trading. The assets backing the tokens are securely held by the issuer.
Ondo Finance’s flagship products are USDY (Dollar Yield) and OUSG (Ondo U.S. Government Bond) tokens. These tokens are designed to provide a yield whose fluctuations are dependent on the yields of short-term U.S. Treasury bonds and other securities.
16. On
– Scalable blockchain with Move smart contract capabilities
Sui is a highly scalable smart contract platform that uses the Move programming language to build smart contracts. One of its main features is that simple transactions can bypass the consensus protocol, thereby improving the scalability of the platform. However, more complex transactions still need to go through the network's consensus process to ensure security. Sui's protocol allows for parallel execution and consensus on different objects, thereby improving its efficiency.
The native cryptocurrency of the Sui blockchain is SUI, which has a supply cap of 10 billion. SUI has four main uses: it can be used in proof-of-stake consensus, to pay gas fees, to participate in governance, and as a liquid asset within applications on the Sui blockchain.
Why Sui is a great altcoin to buy in 2024?
Sui is considered one of the highest performing blockchains available today, which could be crucial if blockchain technology becomes a mainstream use case. The Sui team seems to be taking gaming very seriously, as they have unveiled a mobile gaming device called SuiPlay0x1. The device will offer native support for Sui-based games as well as games from popular platforms like Steam and Epic Games. Pre-orders for SuiPlay0x1 are already open, with the first devices expected to ship in 2025.
In addition to games, the Sui ecosystem is also not to be outdone in decentralized finance. According to DeFi Llama, Sui has the seventh largest DeFi ecosystem in terms of TVL (total locked value), and as of October 7, 2024, protocols on Sui hold nearly $1.1 billion worth of crypto assets.
In another positive development for Sui, Grayscale, a well-known crypto asset management company, launched an investment product called Grayscale Sui Trust, which allows qualified investors to hold SUI as an investment while leaving the work of managing and securely storing the SUI coins to Grayscale.
Bottom Line:
Which altcoin is best to buy depends on your risk profile and financial goals
With thousands of cryptocurrencies to choose from, it can be overwhelming trying to determine which ones might be good investment options. Some factors to consider when evaluating the best altcoins to invest in include the team behind it, the technology it’s based on, potential use cases, and its adoption and market demand. Ultimately, the decision on how to invest in cryptocurrency and which cryptocurrencies to buy depends on your personal financial goals and risk tolerance.
If you have a higher risk tolerance, you can try your luck in finding the next Shiba Inu and try to increase your investment by 10 times or more. On the other hand, if you cannot afford the huge volatility that comes with investing in memecoin and other volatile assets, you should consider buying cryptocurrencies with strong long-term potential.