10 altcoins to watch in 2024 based on various analyzes and recent developments:
Ethereum (ETH): Ethereum remains the top choice due to its potential to outperform Bitcoin, especially with the development of Layer-2 technology and the potential of a spot Ethereum ETFâ.
Arbitrum (ARB): As a Layer-2 solution for Ethereum, Arbitrum offers faster and cheaper transactions, with huge potential thanks to the Proto Danksharding updateâ.
Optimism (OP): Similar to Arbitrum, Optimism is also focused on a Layer-2 solution for Ethereum, offering greater efficiency and speed for DeFi developers and usersâ.
Chainlink (LINK): This oracle platform has an important role in the DeFi sector and real-world asset tokenization, making it one of the potential altcoins to watchâ.
Cardano (ADA): With a focus on security, scalability, and interoperability, Cardano continues to attract investor attention, especially with the development of smart contracts through the alonzo upgradeâ.
Avalanche (AVAX): This platform is known for its fast performance and high security, attracting many projects and investors in the ever-growing blockchain spaceâ.
Dogecoin (DOGE): Although originally created as a joke, Dogecoin has a strong community and growing adoption, making it an altcoin worth monitoring during Altseasonâ.
Celestia (TIA): This modular blockchain allows integration of multiple components, such as Layer-2 solutions, and has attracted many new applications due to its flexibilityâ.
Ronin (RON): As a sidechain of Ethereum focused on the GameFi ecosystem, Ronin is expected to continue to grow as activity increases on platforms such as Axie Infinity and other gamesâ.
Radiant Capital (RDNT): This omnichain lending platform offers an innovative dynamic liquidity pool mechanism, making it undervalued compared to other lending protocols such as Aave and Compoundâ.
The development and innovation of this altcoin could provide attractive investment opportunities in 2024.
