Top 10 Best Altcoins of 2024
Altcoins are digital currencies that are launched after Bitcoin. Today, altcoin mining
has become more popular than ever. Mining enthusiasts frequently search for the
most profitable altcoins for their mining needs. But the large number of coins can
confuse users and lead them to make the wrong choice. We conducted
independent research with our marketing team to determine the top 10 best
altcoins of 2024. If you are planning to mine, exchange, or buy altcoins, you can
read this altcoin mining guide to determine which option is best for you. So, here
we go!
1. Ethereum (ETH)
Ethereum is a rapidly growing altcoin worldwide. It is the most popular
cryptocurrency after Bitcoin. Today, Ethereum holds more than $389 billion in
market capitalization. And this huge number makes it the world's largest altcoin.
Ethereum is a flexible coin that allows individuals to use the blockchain to run
decentralized applications (dApps) and host smart contracts.
Also Read: Difference Between Bitcoin and Ethereum
While Bitcoin is a store value, ETH is a decentralized playground for builders. When
you start your exchange with this coin, you may have to pay high fees for
conducting the transactions. But with its thousands of apps and other altcoins,
Ethereum has gained the most popularity in the market.
2. BNB (BNB)
BNB is another popular altcoin that comes from a reputable company named
Binance. In its initial period, BNB was used in the Ethereum blockchain. But later,
the company moved it to the Binance chain, which is its own blockchain for
Binance.
Currently, BNB is used for altcoins mining. It enables users to pay trading fees and
get discounts on the Binance exchange. The coin is a flexible digital currency and
can be used outside the Binance crypto exchange for payment processing.
3. Solana (SOL)
Solana is a high-performance blockchain platform for decentralized applications
and cryptocurrencies. It is known for its robust performance to provide a high level
of security. Crypto enthusiasts often start their journey with it because this coin
offers low fees and fast transaction speeds. That helps users minimize their
transaction fees and enjoy cost-effective operations.
Solana works with a proof of history and proof of stake mechanism. You can buy
this cryptocurrency to start your business with Solana. That will ensure high speed
and efficiency in verifying thousands of transactions per second.
4. XRP (XRP)
XRP is a popular altcoin developed by Ripple. This cryptocurrency comes with its
robust capabilities and features. It offers low international payment fees. You can
easily make cross-border transactions using this altcoin.
XRP enhances your security when you start mining with dedicated crypto mining
software. It empowers users to secure their financial transactions. Furthermore,
XRP comes from an open-source technology; it is a greener coin than others. These
features make this coin stand apart from the rest and increase its popularity in the
market.
5. Dogecoin (DOGE)
Dogecoin is a well-known cryptocurrency that has been invented from Bitcoin. In
the early days of Bitcoin, mining enthusiasts used ASIC miners to mine their coins.
But many issues need to be fixed with the existing coin. That is why, to resolve
ongoing issues, Dogecoin was launched as a meme-based cryptocurrency.
The beginning of Dogecoin was not so good, but today, it has become one of the
best cryptocurrencies to mine. Crypto mining enthusiasts use their ASIC miners to
mine this coin and earn profits. Dogecoin features robust stability to gain
probability in mining.
6. Toncoin (TON)
Toncoin is an incredible coin that is offered by Telegram, the most encrypted
messaging system in the world. The coin enables users to settle transactions using
the Telegram network. Toncoin is the perfect option for people who want to grow
with an impunity-driven blockchain. It is quick to validate transactions.
7. Cardano (ADA)
Cardano is the fastest-growing cryptocurrency that we find beneficial to buy this
year. It was launched on September 12, 2012. It is known for its higher transaction
times compared to other popular platforms. It enables smart contract functionality
in the blockchain space. That is the reason people are interested in this coin to
exchange and earn profit.
Cardano is the best fit for professionals who want to prioritize low fees with higher
levels of security. You can get a dedicated ASIC mining machine to increase
profitability in your mining journey. It also gives you a competitive advantage and
benefits to earn more coins.
8. Shiba Inu (SHIB)
Shiba Inu (SHIB) is a leading altcoin that is developed in 2020. It is an Ethereumbased meme coin that most retailers use as their form of payment. SHIB struggles
in the market during its initial period. But today, we can see that it attracts millions
of people's attention because of its decentralized community-building usability.
However, you cannot mine this coin, but it can be used for purchasing on exchanges
and participating in liquidity pools.
9. Avalanche (AVAX)
Avalanche is a blockchain platform for decentralized applications and custom
blockchain networks. The coin is becoming popular because of its low latency and
interoperability, which help users validate their thousands of transactions per
second. This coin uses a unique consensus mechanism that allows users to use
scalable transaction processing while also making it reliable for many DeFi
applications and enterprise use cases.
10 Polkadot (DOT)
Polkadot (DOT) is a blockchain platform that is designed to enable multiple
blockchains to interact seamlessly. This system provides scalable and secure
communication, and it is also simple for users to exchange or buy. Starting your
crypto journey with it helps users earn more coins and rewards. This coin acts as a
native currency for governance, staking, bonding, etc.
Final Words
As we have talked about the top 10 altcoins of this year. You can choose the coin
that best suits your requirements. You can explore more about them and consider
your needs and goals for better profitability. This year, we see huge growth
opportunities with these altcoins. However, it is critical to choose the options that
best suit you based on your specific concerns.