The Top 5 Altcoins to Watch in 2024
In the crypto market you may find a wide range of different types of altcoins depending on their purpose. Some of them simply copy each other, while others represent unique technologies and functions. So, what are the best altcoins to invest in and which most popular altcoins should we pay attention to? We’ve prepared the list of best altcoins for long-term investment which definitely require special attention. Let’s see the top 5 altcoins to grow in 2024!
Ethereum (ETH)
It's worth starting with the apparent leader by market capitalization after Bitcoin for many years in a row. Ethereum is the second most popular cryptocurrency, created in 2015. Moreover, some even consider Ethereum to be the father of altcoins. Thanks to its ERC-20 standard, it gives rise to a large share of cryptocurrencies on the market today.
Solana (SOL)
One more altcoin with the highest potential and a large fan base around the world, which quite possibly will soon catch up with Ether. SOL was released on the Solana network, a high-performance blockchain created in 2017 in order to solve the problems of scalability and transaction speed.
In a relatively short amount of time, SOL has grown a lot in popularity because of its apparent benefits, which include the fastest transaction speeds, the lowest commissions, and great scalability. Solana is also regarded as one of the safest cryptocurrencies available today as it makes use of smart contract technologies.
The native token of the Binance crypto exchange was launched in 2017. Binance is considered one of the fastest-growing trading platforms, which has a positive effect on the value of the BNB token.
This token plays a crucial role in supporting the stable development and expansion of the exchange's capabilities. BNB acts as an internal currency for the Binance exchange, stimulating the use of its services and ensuring a steady increase in trading turnover. This directly affects the value of the token.
