Crypto enthusiasts and investors are always on the lookout for promising altcoins that could provide substantial returns. In 2024, experts have shared their insights on the best altcoins to consider.
Evaluating multiple factors such as technological advancements, market trends, and potential for growth, these experts offer valuable recommendations for those navigating the dynamic world of cryptocurrencies.
Altcoins to consider in 2024
According to crypto expert Michaël van de Poppe, the altcoin season is “now.” However, the CEO and founder of MN Trading Consultancy has stated that there are just three months remaining to make entry at value.
Arthur Hayes, the proprietor of BitMEX, wrote on X on February 1 alongside a screenshot of the Solana price plummeting from a peak of $102 in January to $94: “I think it might be time to get back on the train fam. Maybe after a few US banks bite the dust this weekend.”
Shark Tanks investor and Dallas Mavericks owner Mark Cuban was asked by AMA interviewer Dan Tom at the end of January what his favorite crypto project besides Bitcoin and Ethereum was.
To that end, he noted investing in both Polygon and Injective were good options. But he advised investors to “DYOR – Do your own research.”
In 2023, 15 million new users joined Polygon (MATIC), which is nearly the same number as Ethereum. However, avoid referring to them as competitors. Polygon is a scaling crypto for Ethereum. The price of Injective (INJ) skyrocketed in December 2023, reaching an all-time high.
As would be expected, Investing in Ethereum, one of the leading altcoins, would be a good option to consider. As of today, the value of Ethereum (ETH) is $2,315.28. This represents a decline of 0.6% from one hour ago and a growth of 0.8% since yesterday. As of today, ETH is 3.2% more valuable than it was seven days ago. The 24-hour trading volume of Ethereum amounted to $7,762,205,103.
According to crypto expert Michaël van de Poppe, Ethereum’s pricing and top layer two networks, like Arbitrum (ARB), Optimism (OP), and Polygon (MATIC), are expected to outperform. Poppe is also convinced that Polkadot (DOT), Cosmos Hub (ATOM), Avalanche (AVAX), and Chainlink (LINK) will have a bullish trend in the near future.
Crypto market performance for these altcoins
As of this writing, the current value of Solana (SOL) is $97.82, reflecting a 0.2% decrease from one hour ago and a 0.3% increase from yesterday. The present value of SOL is 1.6% higher than its value seven days ago. The 24-hour trading volume for Solana amounted to $1,642,229,109.
Polygon (MATIC) is currently at $0.7889, down 0.4% from an hour ago and up 0.8% from yesterday. The value of MATIC today is 1.7% higher than it was 7 days ago. Polygon’s total trading volume during the last 24 hours was $231,783,678.
According to Binance, the live price of Injective is $ 32.92 per (INJ / USD), with a current market cap of $2.91 billion USD. The 24-hour trading volume is $83.31 million USD. The INJ to USD price is updated in real-time. Injective has dropped 0.79% in the last 24 hours, with a circulating supply of 88.39 million.
