Top 10 Altcoins in October 2024 – Most Popular Altcoins
Why Trust Cryptonews
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 – October 2024
- Ethereum
ETH -0.41% – Overall best altcoin to buy (trading at: $2,439.84) - BNB
BNB +0.69% – Best for integrated exchange features (trading at: $571.12) - Chainlink
LINK +0.05% – Best oracle network (trading at: $11.29) - Solana
SOL +0.60% – Best for high speed transactions (trading at: $146.96) - Avalanche – Best for customizable blockchain networks (trading at: $27.04)
- XRP
XRP +0.79% – Best for cross-border payments (trading at: $0.53) - Dogecoin
DOGE -0.41% – Best meme coin (trading at: $0.11) - Cardano
ADA -0.28% – Best for robust security (trading at: $0.35) - Tron
TRX +0.94% – Best for decentralized entertainment (trading at: $0.15) - Notcoin – Best for growth potential (trading at: $0.02206)
Discover More Cryptos With High Potential
Top Altcoins in October 2024 with Market Cap
The following are in-depth reviews of our picks for the best altcoins to buy in October 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 October 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 $11.29, 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 +527.20%, 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
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 October 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, Memebet Token, Crypto All-Stars, Flockerz, and Mega Dice Token, 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
ETH
bnb
usdt- +1 more
- Meme coin project bringing together every top meme coin in the world.
- Features a revolutionary staking contract that allows all top meme coins to be staked on one singular platform.
- Stake $STARS for big rewards and claim your tokens at the end of the presale phase.
- ETH
- usdt
Bank Card- +1 more
- First-of-its-kind Vote-To-Earn DAO, giving holders the power to control the destiny of the project.
- Early adopters of this meme coin earn massive rewards for buying and staking their tokens during presale.
- 25% of supply reserved for staking $FLOCK tokens and watching rewards hatch.
- ETH
- usdt
- Bank Card
- +1 more
- A brand new play-to-earn casino that allows wagering with meme coins
- Exclusive rewards such as airdrops, bonuses and loot boxes for token holders
- A selection of thousands of crypto games to play, including a sportsbook
- ETH
- usdt
- Bank Card
- +2 more
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- 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'
- ETH
- usdt
- bnb
- +1 more
- Easy to integrate Dogecoin spinoff, celebrating 10 years of the original Dogecoin
- Secure and transparent staking on ETH blockchain, with high passive rewards for holders.
- Scheduled to be launched on major crypto exchanges in Phase 3 of roadmap, ensuring widespread accessibility and adoption.
- usdt
- Bank Card
- ETH
- New token that aims to revolutionise how digital currencies are used in everyday commerce.
- $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
- Loyalty incentives, airdrops, and participation rewards for community members.
- bnb
- usdt
- Bank Card
- +5 more
1. Pepe Unchained (PEPU) – Meme Coin With a Layer 2 Blockchain and Generous Staking APY
Pepe Unchained ($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.
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 $PEPU tokens. Currently available at a low price in a presale, investors enjoy the early-bird advantage where over 200% staking APY is up for grabs. Of course, the APY will drop as more tokens are staked, making it prudent to stake as early as possible to take advantage of the APY while it lasts.
Make sure to read the Pepe Unchained whitepaper for more information. Also, follow Pepe Unchained on X and join the Pepe Unchained Telegram group to get the latest updates.
2. Memebet Token ($MEMEBET) — Meme-based CasinoFi Platform with Play-to-Earn Rewards and NFTs
Memebet Token is native to the Memebet Casino, a platform where users can wager with meme coins directly on Telegram. This innovative token offers Play-to-Earn rewards, exclusive holder benefits, and upcoming NFT launches.
Built on Ethereum, $MEMEBET benefits from the network’s security and broad adoption. Users can connect via Telegram for a no-KYC casino experience and stake tokens for a high APY. Key features include regular burn campaigns, crypto-native games, and a two-tiered airdrop system rewarding gameplay and social engagement.
Early buyers can get $MEMEBET for a presale rate of just $0.0256 at press time. Of the 2 billion total supply, 70% is allocated for the presale, and 20% is reserved for casino rewards. It’s worth noting that the project will offer exciting airdrops to early buyers. For more details, visit the Memebet token website and join its Telegram channel.
3. Crypto All-Stars (STARS) – Meme Coin Staking Platform, Raised Over $300,000 Within a Day
Crypto All-Stars is one of the best new altcoins this month as this innovative project aims to let holders of various meme coins – including DOGE, SHIB, and BONK – stake them into a single platform. The staking rewards within this MemeVault will depend on the amount of $STARS tokens you hold.
Those who hold many $STARS tokens will enjoy generous staking yields. During the presale, investors can load up on $STARS tokens at a discounted price. On top of that, they can increase their holdings by staking $STARS while the presale lasts. In the early presale stages, the staking APY stands at over 5,000%. However, this is a dynamic APY that drops as investors stake more tokens.
Buy $STARS with ETH, BNB, USDT, or a card. But only purchases made on the Ethereum blockchain are eligible for the staking rewards. With 25% of the token supply allocated for staking rewards, the APY is likely to remain high for longer. Follow Crypto All-Stars on X and join their Telegram group to get the latest updates.
4. Flockerz Token (FLOCK) – Ethereum-Based Meme Token with Vote-to-Earn Protocol
Flockerz ($FLOCK) is another exciting new altcoin that aims to empower token holders and community members with its unique vote-to-earn mechanism. Participants who own $FLOCK, the project’s native token, are rewarded for participating in the decentralized decision-making process for the Flockerz cryptocurrency.
Flocktopia, the unique decentralized autonomous organization (DAO), lies at the heart of Flockerz, giving each token holder a voice in future project matters. Right now, investors can purchase $FLOCK in the Flockerz presale for $0.0055 per token.
Another incentive for holding $FLOCK tokens is the significantly high staking reward rate during the project’s presale phase. Estimated rewards go for over 65,000% APY and will be distributed over 2 years. Earnings are dynamic, meaning they may depreciate over time as more investors buy and stake the meme coin.
Those looking to purchase $FLOCK can buy the meme token with ETH, USDT, BNB, or a credit card. For more information on the project, check out the Flockerz whitepaper and join the Telegram channel for further updates.
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.
6. 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.
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 $2.25 million in airdrops to presale participants. For more information, read the Mega Dice Token whitepaper and join its Telegram channel.
7. Doge2014 ($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.
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 | $8,840 |
8. DTX Exchange (DTX) – Crypto Trading Platform Powered By an ERC-20 Token
DTX Exchange ($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 also be offered certain trading discounts. Token holders also have access to premium features such as priority customer support and enhanced analytics. 
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 over $1.1 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 | $1,100,000+ |
9. Kounotori (KTO) – Earn 20% Staking APR in Stablecoins With This Upcoming Crypto Exchange
Kounotori ($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.
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, $KTO is available for purchase on Uniswap. Read the Kounotori whitepaper to learn more about the project. Also, follow Kounotori on X and join their Discord channel to stay up to date.
10. Race to a Billion – Predict Formula 1 Race Outcome to Earn Rewards
Race to a Billion is an exciting altcoin that lets you predict Formula 1 racing outcomes and earn rewards. The rewards don’t just end with a single race – they build up during an entire season with the end-of-season jackpot. Thanks to utilizing the blockchain technology, Race to a Billion is transparent, allowing everyone to see all on-chain events including predictions and transactions.
At the moment, Race to a Billion is in a presale phase. This gives early investors the chance to stack up before the token is listed on exchanges. Further more, staking during the presale gives investors the chance to quickly double their investment with a generous staking APY of 6,644% dynamic.
Being a dynamic APY means it will drop as more tokens are staked. This should give early investors the best advantage in terms of staking rewards and token price.
The total token supply is 2.5 billion where 1 billion is allocated for the presale and 500 million for staking rewards. The remaining billion tokens are spread out across liquidity, development, marketing and ecosystem.
Make sure to follow Race to a Billion on X and join their Telegram channel to get the latest project updates.
Visit Race to a Billion11. WOBS Token (WOBS) – Join the WOBS Presale for an Early Start in this Meme Token DEX
WOBS Token ($WOBS) is an upcoming player in the meme coin space. Its cutting-edge decentralized exchange (DEX) is known as WOBS DEX. Early participants in the WOBS presale can stack up on $WOBS to maximize their rewards as the project progresses.
Set to revolutionize how traders swap and invest in meme coins and altcoins, WOBS Token aims to become a comprehensive exchange with competitive transaction fees and its own fun degen token recommendation corner. Additionally, the project will have $WOBS airdrops for users who contribute by providing liquidity to the WOBS DEX.With an overall token supply of 200 billion $WOBS, the meme coin project allocated 50% for the WOBS Presale. Early adopters can purchase $WOBS with USDT, ETH, BNB, or a credit card. Once purchased, you can then stake the token and rewards will be distributed at a rate of 1,234,567 $WOBS per ETH block.
12. BTC Bull Token – New Bitcoin-Inspired Meme Token with Token Burns and High APY
BTC Bull Token ($BTCBULL) is a hot new meme coin that lets you capitalize on Bitcoin’s journey to $100,000. The project has some unique features, such as token burns timed to important Bitcoin price events and an airdrop when Bitcoin hits $100,000.
The project recently launched its presale. This lets early buyers grab $BTCBULL for a discounted price before they hit the exchanges. A dynamic APY staking system also lets investors get high passive income on their holdings during the presale. However, this APY will keep decreasing as more investors join the staking pool.
BTC Bull Token has a supply cap of 21 million tokens, with 10.5 million set aside for Community Sale and 2.1 million set aside as rewards for staking. The rest of the tokens are being burned at milestones, given away via an airdrop, and used for exchange liquidity.
Interested buyers can follow BTC Bull on X and join their Telegram group to stay updated on the project.
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 October 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.
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
- CoinMarketCap: Top Crypto Gainers And Losers
- Cointelegraph: Crypto to reach 1 billion users in 2030: BCG Report
- CoinDesk: Ether Price Poised for Supply ‘Shock’ as ETFs May Attract $4B Inflows in Five Months, K33 Research Says
- Cointelegraph: BNB Chain now has more unique addresses than Ethereum, developer says
- AltcoinBuzz: Chainlink Set to Lead 2024 Bullrun with BlackRock Boost
- Visa: A deep dive on Solana, a high performance blockchain network
- AMB Crypto: What’s behind Avalanche’s rocketing adoption?
- FinTech Magazine: Ripple to Launch USD-Backed Stablecoin, Boosting XRP Ledger
- Yahoo! Finance: Kabosu, the face of cryptocurrency Dogecoin, dies at 18, owner says
- Cardano: Voltaire — Cardano Roadmap
- CoinDesk: Tron Foundation Officially Completes Acquisition of BitTorrent
- CoinDesk: BitTorrent’s BTT Token Doubles in Value as Tron, on Which It’s Issued, Hits 200M Users
- Cointelegraph: Why is Notcoin up 300% over the past week?
Michael Graw 
