Here are some **Potential Altcoins** that you can consider investing in in Q3 2024:
1. **Ethereum (ETH)**:
- **Market capitalization**: $362.2 billion.
- Ethereum is a decentralized software platform for smart contracts and distributed applications. It allows to operate without being controlled by a third party.
- ETH is not only a decentralized currency, but also a distributed computer network where users can use blockchain to run distributed applications (dApps) and deploy smart contracts.
- Although Ethereum faces criticism for its high transaction fees, with thousands of other applications and altcoins supported by its blockchain, Ethereum continues to grow¹.
2. **Binance (BNB)**:
- **Market capitalization**: $86.2 billion.
- BNB is a utility token that can be used to pay trading fees and receive discounted trading on the Binance exchange.
- You can also use BNB outside of the Binance crypto exchange to make payments, for example when booking travel.
- Although BNB is not a decentralized altcoin like some others, its value has attracted investor interest since BNB started gaining popularity in 2021 ¹.
3. **Sunshine (SOL)**:
- **Market capitalization**: $66.1 billion.
- Solana was developed to support decentralized finance and smart contracts and applications. It operates on a unique mechanism that combines proof-of-stake and proof-of-history for fast and secure transaction processing.
- Solana is one of the fastest blockchains today. However, it has also faced criticism for being too centralized with very few verification nodes compared to Ethereum¹.
In addition, experts have also shared some other altcoins with potential in 2024:
- **Arbitrum**, **Optimism**, and **dYdX** were commented on for their capabilities in the cryptocurrency market.
- **Celestia** is highly appreciated for its flexible structure.
- **Thorchain** is known for its ability to make payments across many different chains.
- **Frax Share** in the DeFi space
In addition, the list of other potential altcoins also includes **Avalanche(Avax)**, **Aptos (APT)**, **NEAR Protocol (NEAR)**, **Polygon (MATIC)**, * *Polkadot (DOT)**, **Cardano (ADA)**, **Optimism (OP)**, **Render (RNDR)**, **Arbitrum (ARB)**, **Sui**. ..
