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Top 10 Altcoins in July 2024 – Most Popular Altcoins

Jay Leonard
Jay Leonard | Verified by Alan Draper
Last updated: | 26 min read
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

After evaluating over 60 top altcoins, our research shows that the top altcoins right now are Ethereum, BNB, Chainlink, Solana, and Avalanche. Ethereum takes the top spot due to to its extensive use cases, strong community support, and the recent approval of spot Ether ETFs.

In addition to providing an in-depth analysis of the best altcoins to invest in, we’ll go over what altcoins are, the advantages and risks of investing in these assets, and our methodology and criteria for rating altcoins.

Top 10 Altcoins to Buy – July 2024

  1. Ethereum eth logo ETH -8.30% – Overall best altcoin to buy (trading at: $3,176.73)
  2. BNB bnb logo BNB -3.93% – Best for integrated exchange features (trading at: $565.22)
  3. Chainlink link logo LINK -6.16% – Best oracle network (trading at: $13.00)
  4. Solana sol logo SOL -3.95% – Best for high speed transactions (trading at: $169.83)
  5. Avalanche – Best for customizable blockchain networks (trading at: $27.38)
  6. XRP xrp logo XRP -1.91% – Best for cross-border payments (trading at: $0.607)
  7. Dogecoin doge logo DOGE -7.04% – Best meme coin (trading at: $0.124)
  8. Cardano ada logo ADA -4.92% – Best for robust security (trading at: $0.397)
  9. Tron trx logo TRX +1.73% – Best for decentralized entertainment (trading at: $0.136)
  10. Notcoin – Best for growth potential (trading at: $0.02206)

Discover More Cryptos With High Potential

Top Altcoins in July 2024 with Market Cap


The following are in-depth reviews of our picks for the best altcoins to buy in July 2024. Our ranking methodology is precise and data-driven. We update our list based on market trends, innovation, use cases, adoption, community strength, market resilience, liquidity, and regulatory compliance.

Each factor is weighted to reflect its importance in predicting which tokens can deliver market-beating returns. While many altcoins have a strong claim to be the best crypto to buy besides Bitcoin, we analyze how they really stack up against each other to bring you the top investment opportunities.

1. Ethereum (ETH) – Overall Best Altcoin to Buy

  • Market Cap: $463.33 billion

Ethereum is the top altcoin to buy in July 2024 ahead of the next altseason due to its innovation, widespread use cases, and strong community. As the leading platform for smart contracts, Ethereum powers a vast array of decentralized applications (dApps) and decentralized finance (DeFi) projects, making it indispensable in the crypto ecosystem.

Recently approved Ethereum ETFs are driving increased investment and adoption. These ETFs provide new avenues for institutional investors, enhancing capital inflow into Ethereum. Experts predict a supply shock in the upcoming months. In addition, its transition to a Proof-of-Stake (PoS) consensus through Ethereum 2.0 enhances scalability and energy efficiency, solidifying its position as the best investment choice.

2. Binance Coin (BNB) – Best for Integrated Exchange Features

  • Market Cap: $103.82 billion

Binance Coin is one of the best altcoins to invest in due to its strong integration with the Binance exchange, the largest crypto trading platform globally. BNB offers significant benefits like reduced trading fees, access to exclusive token sales via Binance Launchpad, and cashback on Binance Visa card purchases. Its extensive ecosystem and consistent adoption make it a resilient investment choice.

BNB’s market resilience and liquidity are bolstered by its use on the Binance Smart Chain (BSC), which supports a wide range of dApps and DeFi projects. BNB has surpassed Ethereum in terms of unique addresses, showcasing its growing user base and robust community support. The coin’s integration within Binance’s ecosystem ensures continued relevance and utility, making it a top contender for investors looking for stability and growth.

3. Chainlink (LINK) – Best Oracle Network

  • Market Cap: $10.21 billion

Chainlink is a top altcoin to invest in now due to its innovative oracle technology and broad adoption. As the leading decentralized oracle network, Chainlink securely connects smart contracts with real-world data, enhancing the functionality of blockchain applications across various sectors.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and recent partnerships with major firms like BlackRock highlight its growth and utility. Its strong community, market resilience, and expanding use cases make it a robust investment. With its token trading at $13.00, Chainlink shows strong bullish momentum and significant future potential​.

4. Solana (SOL) – Best for High Speed Transactions

  • Market Cap: $79.52 billion

Solana is renowned for its high transaction speeds and low fees. The network can handle well over 2,000 transactions per second typically costing less than $0.001 per transaction, significantly outperforming Ethereum’s 30 transactions per second.

The Solana ecosystem is expanding rapidly, supporting diverse applications such as DeFi, non-fungible tokens (NFTs), and gaming. Solana’s robust infrastructure and strong community adoption make it a compelling investment. In the last year, Solana’s price has increased by +619.52%, highlighting its market resilience and potential for high returns.

5. Avalanche (AVAX) – Best for Customizable Blockchain Networks

  • Market Cap: $14.41 billion

Avalanche is one of the best altcoins to buy right now due to its advanced technology and expanding ecosystem. Known for its Avalanche Consensus, it offers high transaction speeds and energy efficiency. This Layer-1 blockchain supports customizable blockchain networks, making it ideal for decentralized applications and smart contracts.

AVAX’s strong community and robust infrastructure enhance its market resilience and liquidity. Recent price trends show significant gains, reflecting positive market sentiment. Its innovative platform and growing adoption across DeFi and NFT sectors make it a compelling investment.

6. XRP (XRP) – Best for Cross-Border Payments

  • Market Cap: $29.15 billion

XRP is one of the best altcoins for 2024 due to its efficiency in cross-border payments. Ripple’s On-Demand Liquidity (ODL) leverages XRP to facilitate instant and low-cost international money transfers. This positions XRP as a leader in the remittance market, attracting banks and financial institutions worldwide.

Moreover, Ripple’s launch of a USD-backed stablecoin on the XRP Ledger will enhance liquidity and introduce new use cases, boosting XRP’s utility. This development, combined with XRP’s strong market performance and significant adoption, makes it a compelling investment this year.

7. Dogecoin (DOGE) – Best Meme Coin

  • Market Cap: $23.61 billion

Dogecoin has a strong community and widespread adoption. As the original meme coin, Dogecoin boasts significant market liquidity and resilience. It continues to attract attention for its active community and use in tipping and charitable donations.

Despite the recent death of Kabosu, the Shiba Inu that inspired the Doge meme, Dogecoin remains a top choice for meme coin enthusiasts. Its consistent market performance and humorous origin set it apart from other cryptocurrencies.

8. Cardano (ADA) – Best for Robust Security

  • Market Cap: $16.37 billion

Cardano is known for its robust security and innovative technology. It uses a PoS consensus mechanism called Ouroboros, which ensures secure and energy-efficient operations. Cardano’s ongoing development, including the recent Voltaire upgrade, aims to make the network fully decentralized and self-sustaining, reducing regulatory risks and enhancing long-term stability.

Cardano’s strong community and adoption in dApps and NFTs add to its market resilience and liquidity. Its integration with various blockchains and focus on real-world use cases position it as a versatile and promising investment.

9. Tron (TRX) – Best for Decentralized Entertainment

  • Market Cap: $10.04 billion

Tron aims to decentralize the web, providing a platform for content creators to publish without intermediaries, thus ensuring higher profits and control. Its high throughput and scalability make it ideal for streaming, gaming, and social media applications.

Tron’s strong community and continuous innovation, such as partnerships with BitTorrent, enhance its market resilience and liquidity. The network’s efficient and low-cost transactions make it highly attractive for developers and users.

10. Notcoin (NOT) – Best for Growth Potential

  • Market Cap: $2.27 billion

Notcoin is a rapidly growing altcoin, known for its innovative approach to decentralized finance. It recently surged in price due to new partnerships and platform upgrades. Notcoin’s main use case is facilitating peer-to-peer lending, offering users a secure and efficient way to borrow and lend assets without intermediaries.

Its strong community and robust market liquidity contribute to its investment appeal. With a rising market cap and increasing adoption, Notcoin offers significant growth potential, making it an attractive option for investors seeking high returns.

Other Altcoins Worth Considering in July 2024 (Highest Potential)


Above, we focused on the best altcoins to invest in, sticking to established projects. However, it’s also worth highlighting new altcoins with potential for high returns. According to our research, Pepe Unchained, WienerAI, PlayDoge, Sealana, Mega Dice Token, Base Dawgz and Choc are top projects worth considering.

  • The Pepe meme gets its own Ethereum Layer-2 chain
  • Stake $PEPU to earn double the staking rewards through Layer-2 technology
  • Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • Gamified meme token rewarding presale buyers with token bonuses for winning events.
  • Buy $MGMES tokens and choose your athlete to participate in events in a bid to win more tokens for you.
  • Winnings from buying tokens in presale and entering Meme Games events claimable and stakeable in smart contracts.
Project Launched
July 2024
Meta
Meme
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • Infinitely upgradeable AI meme coin, with modular technological capabilities.
  • Huge staking rewards available everyday during presale.
  • Presale ends in just a few days - buy now to benefit from best price before listing.
Project Launched
April 2024
Meta
Stake-to-earn, Meme
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Play-to-earn meme coin, transforming the iconic Doge meme into a Tamagotchi-style virtual pet.
  • P2E meme utility tokens looking bullish for summer - get in on this 40-stage presale early for biggest returns.
  • Token on the Binance Smart Chain, with a possible Binance CEX launch post presale
Project Launched
May 2024
Meta
Meme, P2E
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • New meme coin offering an immersive Wild West crypto experience with high-stakes battles
  • Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 2,000% p/a
  • Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • Bank Card
    Bank Card
  • +1 more
  • New base meme coin that offers multi-chain purchases, staking rewards and share to earn functionality.
  • Combines the popularity of base with the appeal of dog meme coins that are dominating the crypto market.
  • Points from sharing Base Dawgz content can be redeemed for $DAWGZ tokens once the presale is complete.
Project Launched
June 2024
Meta
Meme, Share-to-Earn
Purchase Methods
  • usdt
    usdt
  • ETH
    ETH
  • Solana
    Solana

1. Pepe Unchained (PEPU) – Meme Coin With a Layer 2 Blockchain and Generous Staking APY

Pepe Unchained ($PEPU) is the latest meme coin presale and one of the top altcoins this month. That’s because it carries the frog theme, which is already popular among meme coin investors, and it has its own Layer 2 blockchain on Ethereum. This gives it 100x the speed of Ethereum for a fraction of its cost.

Pepe Unchained presale widget

With the Pepe Chain, meme coin traders can trade fast and cheap – and whenever they want, simply bridge back to Ethereum Mainnet with ease. This gives it an unparalleled advantage over the original PEPE meme coin that already boasts over $5 billion market cap.

To participate in this meme coin revolution, you need $PEPU tokens. Currently available at a low price in a presale, investors enjoy the early-bird advantage where over 522% staking APY is up for grabs. Of course, the APY will drop as more tokens are staked, making it prudent to stake as early as possible to take advantage of the APY while it lasts.

Make sure to read the Pepe Unchained whitepaper for more information. Also, follow Pepe Unchained on X and join the Pepe Unchained Telegram group to get the latest updates.

Visit Pepe Unchained

2. The Meme Games (MGMES) – Olympics-Inspired Meme Coin Offers 25% Presale Bonuses

The Meme Games ($MGMES) combines the competitive spirit of the Olympics with the allure of meme coins. The platform hosts a presale gamified bonus, allowing presale investors to select a meme coin avatar to represent them in a 169m dash race.

The Meme Games presale widget

Notably, investors get to pick one of the five available meme avatars in this race every single time they purchase $MGMES through the presale. Should your selected avatar win this randomized and transparent race, you will earn an additional 25% presale investment bonus.

This high-utility altcoin also provides passive income to token holders. $MGMES can be staked on Ethereum smart contracts to earn an annual yield of more than 4,200%. So far, more than 2.3 million tokens are staked on The Meme Games staking mechanism.

From a total supply of 2.024 billion tokens, 35.3% of the supply is being distributed through the presale. In only one day, The Meme Games presale has raised over $118K. To learn more about this meme coin, go through the Meme Games whitepaper and join the Telegram channel.

Visit The Meme Games

3. WienerAI (WAI) Dog-Themed Altcoin Offering an AI Trading Bot and Staking Rewards

WienerAI is a unique altcoin in the meme coin niche, combining dog, AI, and sausage themes. This creative concept has helped it raise over $7 million quickly, making it one of the top altcoins to watch in 2024. As the presale draws to its exciting conclusion, traders have a final chance to buy $WAI tokens at a discounted price of $0.00073.

wienerai

The project aims to revolutionize the meme coin space by integrating AI and fostering companionship. Its upgradability, driven by AI, and high staking rewards of up to 152% promote long-term holding. Over 2 billion $WAI tokens have been staked so far, showcasing strong community engagement.

WienerAI is active on social media, quickly gaining over 8,000 followers on X. To stay updated, follow WienerAI on X and join their Telegram channel. Check out the whitepaper for detailed information on this innovative project.

Visit WienerAI

4. PlayDoge (PLAY) – P2E Meme Coin Offers In-Game and Staking Rewards

PlayDoge is an innovative altcoin merging meme tokens and play-to-earn (P2E) games. It’ll offer an 8-bit side-scrolling adventure featuring the Doge meme character. This combination makes PlayDoge a standout new altcoin for 2024.

PlayDoge presale widget

The P2E game lets you earn $PLAY tokens by taking care of Doge avatars and participating in mini-games. These tokens can be staked on smart contracts for annual yields up to 89%. With a total supply of 9.4 billion, over 152 million tokens are already staked, with an additional 6% allocated for staking rewards.

You can buy $PLAY in the ongoing presale, with 50% of the supply allocated over 40 rounds. Priced at $0.00517 per token, PlayDoge has raised over $5.5 million in two weeks. For more information, join the Telegram channel and follow PlayDoge on X.

Visit PlayDoge

5. Shiba Shootout (SHIBASHOOT) – Meme Coin With Referral and Staking Rewards

Shiba Shootout is one of the most popular altcoins to invest in this year because of its incredible potential to go viral – and because it generously rewards active community members. Starting with its referral program, both the user who refers their friends and the friends who invest will earn SHIBASHOOT tokens as a reward.

Following referral rewards, there are the campfire stories where users share meme and crypto stories. The best story earns SHIBASHOOT tokens.

As with many crypto projects, early investors benefit from a generous staking APY of 1,600% dynamic. The APY will drop as more tokens are staked, giving early birds the best price and the highest APY. Interested investors can still buy SHIBASHOOT tokens at a discount. Once the presale ends and the token launches on exchanges, the price won’t be the same.

For more information, follow Shiba Shootout on X and join the Shiba Shootout Telegram channel.

Visit Shiba Shootout

6. Base Dawgz (DAWGZ) – Multi-Chain Meme Coin With Share-to-Earn Rewards

Base Dawgz is one of the best altcoins to buy in 2024 because it uses a Doge character with base jumping skills that can easily hop between multiple blockchains. This gives investors across Solana, Ethereum, Binance, Avalanche, and Base the chance to buy the token seamlessly.

Base Dawgz presale widget

Solana, Base and Ethereum are already popular meme coin trader hubs, and having $DAWGZ available on these three blockchains alone could be massive. Early investors now have the chance to buy the token during the presale when the price is low. The price won’t be the same after the presale ends and the token is listed on exchanges.

Earn additional $DAWGZ tokens by connecting your X account and sharing Base Dawgz memes and related content. Make sure to follow Base Dawgz on X and join the Base Dawgz Telegram channel for the latest updates.

Visit Base Dawgz

7. Mega Dice Token (DICE) — CasinoFi Altcoin Offers In-Game Rewards and NFTs

Mega Dice Token powers the Mega Dice Casino, featuring over 4,500 games and 50,000+ players. This altcoin offers in-game rewards, staking benefits, and daily bonuses, making it a top altcoin to buy in 2024.

Mega Dice token presale website

Built on Solana, $DICE benefits from high scalability and fast transactions. You can connect via Telegram and stake tokens for high annual yields. Noteworthy features include earning limited edition NFTs for exclusive casino privileges and daily bonuses within the platform.

During the first presale round, $DICE was priced at $0.069 and now costs $0.075. Of the 420 million total supply, 35% is allocated for the presale. Early investors get additional tokens, with 10% of the supply reserved for staking rewards. Mega Dice will also offer $2.25 million in airdrops to presale participants. For more information, read the Mega Dice Token whitepaper and join its Telegram channel.

Visit Mega Dice Token

8. 99Bitcoins (99BTC) – Learn-to-Earn Crypto Offering High Staking Yields

99Bitcoins is a promising altcoin for 2024, transforming a popular crypto-education platform into a learn-to-earn ecosystem. With over 700,000 users, it rewards members with $99BTC tokens for completing quizzes, seminars, and assessments, making it one of the best new altcoins to buy.

99bitcoins presale widget

The platform offers unique incentives, including exclusive tutorials and trading signals for $99BTC holders. Community engagement is encouraged through content creation and peer support, offering further rewards. Additionally, $99BTC can be staked to generate high APYs, currently at 800%, which will decrease as more tokens are locked.

99Bitcoins has a total supply of 99 billion tokens, with 15% available through presale and 14% allocated for staking rewards over two years. The presale has quickly raised over $2.1 million. Stay tuned for more project updates by reading the 99Bitcoins whitepaper and joining the Telegram channel.

Visit 99Bitcoins Token

9. Doge2014 ($DOGE2014) – Meme Coin Celebrating DOGE’s 10th Anniversary, Offers High Staking APY

Doge2014 ($DOGE2014) is a trending Ethereum-based meme token created to mark Dogecoin’s 10th anniversary. The altcoin’s recently launched ICO offers tokens for only $0.00027 each— mirroring Dogecoin’s original 2014 launch price.

During the current presale phase, early buyers can grab 60% of the platform’s total supply of 100 billion tokens.

In just a few days of the official launch, the ICO is nearing the $10K milestone after witnessing early investor interest. It’s also worth noting that Doge2014 offers high staking rewards, with a current APY of over 45,000%. The platform has set aside 25% of its tokens for staking rewards.

Doge2014 website

The token’s distribution plan includes 5% for marketing and 10% for maintaining liquidity. This allocation strategy aims to support the token’s growth and stability over the long term.

Buyers can learn more about the project and its vision in the Doge2014 whitepaper. For community engagement and updates, interested users can join the project’s Telegram channel and follow Doge2014 on X (formerly Twitter).

Launch Date June 2024
Purchase Methods ETH, USDT
Chain Ethereum
Starting Price $0.00027
Current Price $0.00027
Raised So Far $8,840

Visit Doge2014

10. DTX Exchange (DTX) – Crypto Trading Platform Powered By an ERC-20 Token

DTX Exchange ($DTX) is a cutting-edge trading platform that gives users access to over 120K instrument classes. Through $DTX, the native token, users can access premium features, giveaways, and loyalty rewards on the platform.

The DTX Token can be used to settle trading fees on the DTX Exchange. In fact, $DTX token holders will be offered certain trading discounts as well. Token holders are also offered access to premium features such as priority customer support and enhanced analytics.

DTX Exchange presale widget

To incentivize token adoption, DTX Exchange will offer tokens to the most active participants of the platform. Further token bonuses are being offered through the $DTX presale. For instance, investors that buy at least $100 worth of tokens through the presale can stand a chance to win from a $1 million token giveaway pot.

Furthermore, with a minimum presale investment of $250, investors can earn bonus $DTX tokens. From a total supply of 475 million tokens, 50% are being allocated for the presale. So far, the presale has raised nearly $1 million.

For more information, read the DTX Exchange whitepaper and join the Telegram channel.

Presale Started July 2024
Purchase Methods BTC, ETH, USDT, LTC, SOL
Chain Ethereum
Starting Price $0.02
Current Price $0.04
Raised So Far $960,000+

Visit DTX Exchange

11. Kounotori (KTO) – Earn 20% Staking APR in Stablecoins With This Upcoming Crypto Exchange

Kounotori ($KTO) is an exciting project that aims to build a centralized exchange with decentralized finance benefits and strong security and compliance. You get multiple benefits as a $KTO token holder, including staking rewards of 20% APR paid in stablecoins. This feature alone could make $KTO one of the best altcoins to buy now.

kounotori swap widget

Moreover, the $KTO token uses a deflationary mechanism via transaction burns. This means a portion of the tokens is burned with every transaction, thus permanently lowering the token supply. With a lower token supply and a demand increase, the $KTO token price could skyrocket.

$KTO token holders will also get lower trading fees on the KTO exchange, and they will get voting rights, which should increase the token demand in the future. Another way to reduce transaction fees and increase staking rewards is to hold Kounotori Valley Stork NFTs, which are available on the OpenSea NFT exchange.

At the moment, $KTO is available for purchase on Uniswap. Read the Kounotori whitepaper to learn more about the project. Also, follow Kounotori on X and join their Discord channel to stay up to date.

Visit Kounotori

12. Choc – Highly Rewarding Food-Themed Memecoin

The best time to get into memecoins that could explode in the future is during their presale phase. Choc, a trending meme project is all set to launch its own token, making it the best time to buy. The project, as its name suggests, is created with a chocolate theme, which itself has helped it gain massive popularity among the memecoin community that enjoys such projects.

Choc

The project doesn’t exactly promise any utility right now, but it managed to attract investors in huge numbers due to its incentivizing rewards system. The project plans to heavily reward its active presale buyers, with the top 200 buyers promised rewards like SOL tokens, PlayStation 5, iPhone 15 Pro Max, MacBook Pro, and even a Tesla Model S Plaid car for its top buyer.

Choc also claims to be loyal to its earliest buyers by providing a whopping 20% bonus on all purchases till the first $3 million is raised, 15% from $3 million to $5 million, and a 10% bonus for all presale buyers after $5 million is raised.

Naturally, this has caused the demand for CHOC, the project’s native token, to surge dramatically, despite the presale’s introduction being not even a day old. Built on the Solana blockchain, the project has a supply of 999 billion tokens, aimed to help in creating an exciting community-centric memecoin that could end up blowing up in value in the coming weeks or months.

For those interested in following this high-potential altcoin, the best place to keep up with its developments and updates are its social media channels on Twitter and Telegram.

Visit Choc

13. Race to a Billion – Predict Formula 1 Race Outcome to Earn Rewards

Race to a Billion is an exciting altcoin that lets you predict Formula 1 racing outcomes and earn rewards. The rewards don’t just end with a single race – they build up during an entire season with the end-of-season jackpot. Thanks to utilizing the blockchain technology, Race to a Billion is transparent, allowing everyone to see all on-chain events including predictions and transactions.

race to a billion widget

At the moment, Race to a Billion is in a presale phase. This gives early investors the chance to stack up before the token is listed on exchanges. Further more, staking during the presale gives investors the chance to quickly double their investment with a generous staking APY of 6,644% dynamic.

Being a dynamic APY means it will drop as more tokens are staked. This should give early investors the best advantage in terms of staking rewards and token price.

The total token supply is 2.5 billion where 1 billion is allocated for the presale and 500 million for staking rewards. The remaining billion tokens are spread out across liquidity, development, marketing and ecosystem.

Make sure to follow Race to a Billion on X and join their Telegram channel to get the latest project updates.

Visit Race to a Billion

What Is an Altcoin?


An altcoin is any cryptocurrency other than Bitcoin. These alternative coins were developed to offer features or capabilities that differ from Bitcoin’s original proposal.

Common examples include:

  • Ethereum, which supports smart contracts and decentralized applications.
  • Ripple, which is designed for high-speed, low-cost cross-border payments.
  • Cardano, which offers a secure and scalable blockchain environment.
  • Solana, which is known for fast processing times and low transaction costs.

During altcoin season, these tokens experience significant price increases, often outperforming Bitcoin. This usually happens when investors look for potentially higher returns by diversifying their crypto holdings beyond Bitcoin.

The Advantages of Investing in Altcoins


Diversifying your crypto portfolio allocation with altcoins offers unique advantages. The main three are portfolio diversification, the potential for substantial price increases, and gaining exposure to different blockchain networks.

  • Enhances portfolio diversification: Investing in alrcoins spreads risk across different assets and reduces the impact of a single cryptocurrency’s volatility. Balanced gains offset losses from underperforming coins.
  • Offers a bigger potential for price increases: Altcoins have higher growth potential due to lower market cap. Conversely, Bitcoin’s high price limits dramatic growth opportunities.
  • Exposure to other blockchain networks: Investing in diverse technologies and use cases diversifies investment risks while unlocking opportunities in different sectors, which can increase potential returns.

The Risks of Investing in Altcoins


Investing in altcoins comes with risks, including a higher probability of failure, potential scams, and competition from emerging coins. Here’s how each of these risks can affect an altcoin’s long-term viability and market value:

  • Higher probability of failure: Altcoins’ experimental nature, smaller market presence, lower liquidity, susceptibility to market fluctuations, and greater operational challenges increase the odds of failure.
  • Increased risk of scams: Due to less scrutiny and oversight, altcoins are attractive targets for fraudulent projects. This increases the potential for deceptive practices and financial losses.
  • Competition from new coins: The constant influx of new crypto coins with superior technology or innovative features can render previous investments obsolete. Dilution of investor interest and capital across thousands of projects can also impact value and investment sustainability.

How to Choose the Best Altcoins to Buy Now


With there being so many different altcoins on the market, an investor needs to narrow down their search criteria to find worthwhile projects. Sometimes you need more than just the best crypto signals to know which crypto project is worth investing in. We’ll be sharing a few quick tips to help decide which altcoins to invest in.

Analyze the Whitepaper

Learning how to buy altcoins starts with assessing each whitepaper carefully. One of the most effective techniques to weed out lackluster projects is thoroughly reviewing a project’s whitepaper. The best altcoins to buy will always feature a well-written whitepaper that clearly explains exactly what the project does as well well as its plans for the future. If a cryptocurrency makes a lot of promises without explaining how they will be achieved, it’s best avoided.

See What Social Media is Saying

Taking a look at social media can be a great way to determine how investors feel about a project and whether it has a strong community. While stats like followers can be easily purchased online, it’s much harder to fake an active community consistently commenting and sharing so these are both factors to look out for when trying to find the best altcoins for 2024.

Look for Projects with Genuine Utility

While it’s possible for some projects to perform well and offer great returns through hype alone, it’ll never be conducive to long-term growth. Instead, it’s better to look out for utility-focused projects that provide a useful service or product. These altcoins will always have a demand regardless of hype or the market, making them far safer long-term crypto investments.

Our Methodology: How We Ranked the Best Altcoins to Buy Now


Cryptonews developed a ranking methodology for evaluating the top altcoins to buy now, with each factor weighted at 20%. This allows investors to gain a comprehensive view of the potential of different altcoins and make informed decisions based on their preferences and risk tolerance.

Innovation (20%)

We assessed how innovative each coin is, looking at its underlying technology and novel features. This included a detailed look at its scalability, security measures, consensus mechanism, smart contract capabilities, and potential for further innovation.

Use Cases and Adoption (20%)

We gauged each altcoin’s adoption level and tangible applications, emphasizing partnerships, integrations within existing infrastructure, utility in decentralized applications, and the role it might play in various industries.

Community Strength (20%)

Our team assessed the size and engagement level of each altcoin’s community. Moreover, we paid close attention to developer involvement, community updates, and vibrant discussions across forums, social media channels, and developer platforms.

Market Resilience and Liquidity (20%)

We scrutinized the altcoin’s market resilience and liquidity, considering factors such as market capitalization, trading volume, and liquidity across major exchanges. We also looked into the stability of trading pairs and accessibility across different trading platforms.

Regulatory Alignment (20%)

We analyzed the altcoin’s alignment with regulatory frameworks in prominent jurisdictions, navigating through any potential legal or compliance hurdles. Our assessment factored in past regulatory challenges, adherence to evolving regulatory standards, and the overall risk landscape.

Conclusion: What Is the Best Altcoin to Buy in July 2024?


Pepe Unchained is the best new cryptocurrency to buy in 2024. It offers a the fun of the Pepe-themed meme cryptos along with offering high utility via its layer-2 network.

This new token can also be staked on Pepe Unchained’s smart contract to generate an annual yield. Within a few weeks of the presale launch, Pepe Unchained raised more than $3.6 million.

Visit Pepe Unchained

FAQs

What is an altcoin?

An altcoin is an alternative cryptocurrency to Bitcoin. As such, the vast majority of cryptos can be considered altcoins, with the term transcending category or intended purpose.

What is the best altcoin to buy now?

Pepe Unchained is the best altcoin to buy now. It offers a utility via its layer-2 network and high staking rewards for early buyers.

Which altcoins have the most room for growth?

While all the projects we’ve reviewed have plenty of room for growth, Pepe Unchained stands out with even higher potential. With a rapid $3.6 million presale raise within a a few weeks, Pepe Unchained is off to a flying start.

How many different altcoins are available?

It’s impossible to provide an exact number of available altcoins as new crypto projects are released daily. Currently, there are over 2,000,000 altcoins on the market, with this figure continually growing.

How can I invest in altcoins?

There are several ways to invest in altcoins. The best altcoin to buy, Pepe Unchained, can be purchased on its website during the presale stage. Other top altcoins can be easily bought in a crypto exchange.

What is the top new altcoin?

Pepe Unchained emerges as the top new altcoin with its impressive presale performance in early days. It offers a unique layer-2 network with the fun of meme coins.

Are altcoins worth buying?

Yes, altcoins are worth buying as they offer diverse investment opportunities beyond traditional assets. With careful research and risk management, investors can capitalize on the potential growth and utility of altcoins.

References

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.