As the crypto market heats up, many traders and investors are looking for the best altcoins to invest in. This guide dives into the top-performing altcoins on the market in November 2024. Here’s our list of the top assets to keep your eye on.
KEY TAKEAWAYS
➤ Some of the top altcoins in 2024 include PEPE, XRP, ADA and BONK.
➤ This range highlights the benefits of portfolio diversification, with both meme coins and institutional mainstays like XRP on the list.
➤ Investing in crypto is not just about choosing assets with high-growth-potential but also about strategic planning and adapting to market conditions.
- Best altcoins to invest in November 2024
- 1. Ethereum (ETH)
- 2. Binance Coin (BNB)
- 3. Solana (SOL)
- 4. Pepe (PEPE)
- 5. Shiba Inu (SHIB)
- 6. XRP (XRP)
- 7. Cardano (ADA)
- 8. Avalanche (AVAX)
- 9. Dogecoin (DOGE)
- 10. Polkadot (DOT)
- 11. Bonk (BONK)
- 12. Tron (TRX)
- 13. Polygon (POL)
- 14. Chainlink (LINK)
- 15. Toncoin (TON)
- 16. Internet Computer (ICP)
- Best altcoins to invest in compared
- What are altcoins?
- What to consider when choosing altcoins?
- What are the best altcoins for you to invest in?
- Frequently asked questions
Best altcoins to invest in November 2024
1. Ethereum (ETH)
Ethereum is one of the leading cryptocurrencies on the market in 2024. The Ethereum network supports smart contracts, which are self-executing agreements that can automate tasks without intermediaries. It also hosts a huge range of DApps and NFTs. Ethereum has a $417 billion market cap, making it the most popular altcoin by market cap.
Read more: How to Buy Ethereum (ETH) and Everything You Need to Know
2. Binance Coin (BNB)
Binance coin, or BNB, is a key element of the major crypto exchange, and it offers a range of perks to those holding it on Binance. BNB boasts a $94 billion market cap. The crypto powers the entire Binance ecosystem, allowing users to trade, stake, and invest in new projects.
Read more: How To Buy BNB and Everything You Need To Know
3. Solana (SOL)
Solana, valued at $117.98 billion in the market, is a high-speed blockchain that empowers decentralized applications and finance. Its hybrid consensus system enhances efficiency and security. SOL was launched during an ICO in March 2020 with a price of $0.22. Since then, SOL’s price and usage has soared exponentially.
Pepe (PEPE) is a lighthearted meme coni that utilizes the Pepe the Frog meme as its mascot. It is an ERC-20 token that was launched on the Ethereum blockchain in mid-2023. Meme coins have become a favored asset by traders and PEPE stands in the top echelon of meme coins by market cap. Therefore it is a highly sought after altcoin.
5. Shiba Inu (SHIB)
Gaining prominance in 2021, Shiba Inu (SHIB) is a popular meme coin on the Ethereum blockchain. It features a Shiba Inu dog as its mascot, the same breed that is used by Dogecoin its predecessor. SHIB got on the radar of many trader’s after being sent to and burned by Ethereum co-founder, Vitalik Buterin. As a result, it is one of the top three meme coins by market cap., making it a preferred investment choice by many.
6. XRP (XRP)
XRP is the native coin of Ripple, a leading digital technology and payment processing firm. XRP has a market cap of $82 billion, which makes it one of the best altcoins to invest in. It excels in facilitating smooth currency exchanges.
Read more: How To Buy XRP and Everything You Need To Know
7. Cardano (ADA)
Cardano’s native cryptocurrency, ADA, boasts a market cap of $35 billion. The chain boasts an eco-friendly proof-of-stake mechanism, emphasizing sustainability and scalability. Cardano also supports smart contracts and decentralized applications. Since Cardano’s ICO in September 2017, ADA’s price has surged massively.
Read more: How To Buy Cardano (ADA) and Everything You Need To Know
8. Avalanche (AVAX)
Avalanche, an emerging player in the crypto space, currently holds a market cap of $18 billion. Its standout feature is its high-performance consensus protocol, allowing for rapid transactions and scalability. Avalanche is one of the best altcoins to invest in, having witnessed a substantial price increase since its July 2020 ICO.
Read more: How To Buy Avalanche (AVAX) and Everything You Need To Know
9. Dogecoin (DOGE)
Dogecoin, initially conceived as an internet joke in 2013, has evolved to capture the imagination of the crypto community. Today, it commands a market cap of $25.56 billion. Surprisingly, this meme coin has experienced an astonishing price surge since its 2013 launch price, making it one of the best altcoins to invest in.
Read more: How To Buy Dogecoin (DOGE) and Everything You Need To Know
10. Polkadot (DOT)
Polkadot is a prominent player in the blockchain space. Its innovation lies in its ability to connect various blockchains, fostering interoperability. With a focus on scalability and security, Polkadot supports the creation of custom blockchains and decentralized applications.
Read more: What is Polkadot?
11. Bonk (BONK)
Bonk (BONK) is a Solana-based meme coin that follows the trend of a having a Shiba Inu mascot. Unlike most meme coins has an inherent utility amongst a few decentralized applications, including a Bonk trading bot, exchange, and more. Bonk is one of the most popular meme coins and maintains a trading volume over $1 billion.
12. Tron (TRX)
TRON boasts a market cap of $17 billion. With its user-friendly approach and support for decentralized applications (DApps) and smart contracts, TRON has seen a notable increase in adoption since its inception, particularly in Asian markets. This positions TRON as one of the best altcoins to invest in.
Read more: How To Buy TRON (TRX) and Everything You Need To Know
13. Polygon (POL)
Polygon is a top altcoin to invest in with a current market cap of $4.70 billion. Initially built as a layer-2 for Ethereum, it’s now the largest ecosystem to facilitate faster and cheaper transactions while supporting decentralized applications (DApps).
Read more: How to Buy Polygon (MATIC) and Everything You Need to Know
14. Chainlink (LINK)
Chainlink is a prominent player in the cryptocurrency space and one of the best altcoins to invest in. LINK holds a market cap of $11 billion. Its key strength lies in the decentralized Oracle network, which enables data-driven smart contracts.
Read more: How to Buy Chainlink (LINK) and Everything You Need to Know
15. Toncoin (TON)
Toncoin (TON) is a rapidly evolving blockchain network that emphasizes speed, security, and scalability. Its design caters to various applications, including smart contracts, decentralized applications (DApps), and NFTs. With its $15 billion market cap, TON may be one of the best altcoins to invest in right now.
16. Internet Computer (ICP)
Internet Computer (ICP) is a unique blockchain project with a market cap of $5.73 billion. It aims to extend the functionality of the internet, providing a decentralized platform for smart contracts and new internet services. Since its debut, ICP has drawn attention with its ambitious goal of revolutionizing the digital landscape, marking a notable increase in valuation.
Read more: What is Internet Computer (ICP)?
All market cap. data is sourced from CoinGecko and accurate as of Nov. 25, 2024.
Best altcoins to invest in compared
| Altcoin | Ticker | Launch Year | Project description |
| Ethereum | ETH | 2015 | The Ethereum network has smart contracts that can automate tasks without intermediaries. |
| Binance coin | BNB | 2017 | BNB is a key element of the Binance crypto exchange, and it offers a range of perks to those holding it on Binance. |
| Solana | SOL | 2020 | Solana is a high-speed blockchain that empowers decentralized applications and finance. |
| Pepe | PEPE | 2023 | Pepe is an Ethereum-based meme coin that utilizes the popular Pepe the Frog meme as its mascot. |
| Shiba Inu | SHIB | 2021 | Shiba Inu is a meme coin that became popular after it was sent to Vitalik Buterin, and thereafter, Buterin burned nearly half the supply. |
| XRP | XRP | 2012 | It excels in facilitating smooth currency exchanges. |
| Cardano | ADA | 2017 | Cardano network supports smart contracts and decentralized applications. |
| Avalanche | AVAX | 2020 | High-performance consensus protocol, allowing for rapid transactions and scalability. |
| Dogecoin | DOGE | 2013 | Dogecoin, initially conceived as an internet joke in 2013, has evolved to capture the imagination of the crypto community. |
| Polkadot | DOT | 2017 | It offers the ability to connect various blockchains, fostering interoperability. |
| Bonk | BONK | 2022 | Bonk is a meme coin on the Solana blockchain that features a Shiba Inu dog as its mascot. |
| Tron | TRX | 2017 | User-friendly approach and support for decentralized applications (DApps) and smart contracts. |
| Polygon | MATIC | 2017 | The largest ecosystem to facilitate faster and cheaper transactions while supporting decentralized applications (DApps). |
| Chainlink | LINK | 2017 | Offers a decentralized oracle network, which is vital for enabling data-driven smart contracts. |
| Toncoin | TON | 2018 | It offers a decentralized oracle network, which is vital for enabling data-driven smart contracts. |
| Internet Computer | ICP | 2021 | It aims to extend the functionality of the internet, providing a decentralized platform for smart contracts. |
What are altcoins?
Essentially, altcoins are cryptocurrencies that are alternatives to Bitcoin. Understanding this asset class is key to grasping the diversity and potential within the cryptocurrency market.
Altcoins often aim to be modified or improved versions of Bitcoin, leveraging the same underlying cryptographic techniques for secure digital transactions. The term altcoin season describes a period in which altcoins surge in value faster than BTC, highlighting the intrinsic relationship between the mother of all cryptos and the burgeoning market of BTC alternatives. Essentially, altcoin season comes into full swing when BTC dominance is low.
Like all cryptocurrencies, a defining feature of altcoins is their decentralized nature. They are designed to operate independently of central authorities or governments. There are various types of altcoins, each serving different purposes.
Some are primarily used for digital payments, functioning similarly to digital money. Others may represent stakes in blockchain or decentralized finance (DeFi) projects, often issued during initial coin offerings (ICOs).
These cryptos can be classified further: security tokens are linked to the value of the issuing company or project, while utility tokens have specific applications, like facilitating decentralized file-sharing or providing decentralized domain name services. Despite these distinctions, all types of altcoins generally trade on crypto exchanges, making them accessible to a broad range of investors and traders.
What to consider when choosing altcoins?
When selecting altcoins, consider these key steps:
- Purpose and technology used: Understand what the altcoin is designed for and how its technology differs or improves upon Bitcoin. This could include faster transaction times, better security, or more privacy. For instance, you can stake Ethereum and earn additional revenue from your investment.
- Market performance: Evaluate how the altcoin has been performing in the market. Look at its price history, market capitalization, and trading volume to gauge its stability and popularity. Including top memecoins in this evaluation can provide insights into market trends and investor sentiment.
- Community and support: A strong, active community and good support indicate a healthy altcoin. Check forums, social media, and news sources for user and developer engagement.
- Development team: Research the team behind the altcoin. A credible and experienced team can be a good sign of the altcoin’s potential success.
- Adoption rate: Consider how widely the altcoin is being used. Higher adoption can mean greater reliability and potential for growth.
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What are the best altcoins for you to invest in?
The best altcoins to invest in are personal; it depends on your risk tolerance and current portfolio. Diversification is key. As always, we recommend a balanced investment strategy and a keen understanding of market trends. During a bull run, top-performing altcoins, including meme coins, have shown potential for significant gains.
Remember, successful investing in cryptocurrencies is not just about choosing the right assets but also about strategic planning and adapting to market conditions.
This article should not be considered investment advice, it is for informational purposes only. Investing is risky and you could lose money. You should never invest more money than you can comfortably afford to lose.
Frequently asked questions
Identifying the altcoin with the most potential for high returns in 2024 requires examining market trends, technology, and community support. Cryptocurrencies with strong fundamentals, innovative solutions, and active development are promising. Projects in DeFi, scalability, or unique utilities like governance tokens for DApps may offer significant growth opportunities. Always conduct thorough research and consider diversification to mitigate risk.
Altcoins with innovative technologies and strong community support are likely to explode in 2024. Pay attention to those involved in emerging crypto market trends and showing consistent growth in their development.
Altcoins with a strong use case, such as Ethereum, and those showing potential during a bull run, could reach $1000 or more. Their success depends on market adoption and overall crypto market performance.
Currently, investing in altcoins with solid technology like ERC-20 tokens and a growing user base can be promising. Look for those showing positive trends in the crypto market.
The fastest-growing altcoin is typically one that’s innovating in areas like DeFi or smart contracts. It often experiences rapid increases in market cap and user adoption. So far, we’ve witness the growth of Toncoin (TON) as one of the fastest-growing altcoin in the crypto market.
As of November 2024, the top altcoins, based on market performance and excluding Bitcoin, are Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), Ripple (XRP), Litecoin (LTC), Chainlink (LINK), and Polygon (MATIC).
The safest crypto to invest in is typically one with a long-standing reputation, such as Bitcoin or Ethereum. These have established markets, a strong community, a useful service and product and are widely regarded as more stable.
For short-term investments, look for cryptocurrencies experiencing a current bull run or showing temporary market spikes. Positive news can usually spark a bull run for a particular project. However, remember that short-term crypto investments carry high risks.
A good altcoin to watch for potential high returns in 2024 should have a solid foundation and strong use cases. Ethereum (ETH) is a good example, given its extensive adoption in the DeFi space and continuous technological upgrades. Solana (SOL) stands out for its high-speed transactions and low fees, which are essential for scalability. Cardano (ADA) is noteworthy for its focus on sustainability and its robust peer-reviewed approach to development. Remember to always conduct your due diligence before making any investment decisions.
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