12 Best Altcoins to Buy in 2024 (2024)

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.

Although Bitcoin is the largest and most well-known cryptocurrency on the planet, oftentimes figuring out the best altcoins to buy can yield superior returns.

Throughout this article, we’ll be taking a look at the best altcoins to buy, exploring what an altcoin is and why they make good investments, as well as outlining exactly how altcoins can be purchased. Let’s get started.

Best Altcoins to Buy in 2024

Below, we’ve rounded up some of the best altcoins to buy right now and provided a short description of each. In the following section, we dive deeper into the specifics, providing a mini-review of our selected assets.

1. Bitcoin Minetrix – Stake-to-mine crypto, raised over $11 million with 60% staking APY.
2. Sponge V2 – Sponge V1 did 100x since its presale and now V2 aims to outperform it.
3. Meme Kombat – Upcoming play-to-earn game with a 101% staking APY, raised over $9 million.
4. eTukTuk – Eco-friendly platform tackling carbon emissions with electric tuk-tuks, raised over $1 million.
5. 5th Scape – New VR and AR gaming ecosystem with games and hardware, raised over $200k so far.
6. Green Bitcoin – Predict Bitcoin’s price and earn rewards, raised over $1 million in a presale.
7. Scorpion Token – Token holders earn revenue share from Scorpion Casino, raised close to $5 million.
8. Poodl Inu– Latest dog-themed meme coin offering over 9,000% staking APY during its presale.
9. Ethereum – Largest altcoin in terms of market cap, most popular blockchain for smart contracts.
10. Chainlink – Decentralized oracle network that delivers price feeds to DeFi platforms.
11. XRP – Peer-to-peer payment network offers low fees, fast transactions and high transparency.
12. BNB – BNB token holders get discounts when trading with Binance.

Top Altcoins to Invest in Reviewed

Looking for the best altcoins to research before the next altcoin season? Now that we have an understanding of each project and its offerings, let’s dive into the reviews.

1. Bitcoin Minetrix – Brand New Altcoin Introducing a Revolutionary Stake-to-Mine Model

Bitcoin Minetrix ($BTCMTX) is a revolutionary new stake-to-mine cryptocurrency through which investors can earn cloud mining credits and mining power on Bitcoin.

For those looking to engage in mining activities without the high entry barrier, Bitcoin Minetrix offers a simple solution. The platform also offers a ‘minedrop’ with rewards of $30k for early supporters.

Bitcoin Minetrix will tokenize cloud mining by leveraging the $BTCMTX token. All one has to do is purchase $BTCMTX on the presale and stake their holdings. Bitcoin Minetrix has a 4 billion token supply, and has allocated 2.8 billion tokens across 39 presale rounds.

Currently, $BTCMTX is priced at $0.0132 per token – this price will rise with each successive stage.

The current staking APY (Annual Percentage Yield) on $BTCMTX is 66%, which will eventually reduce as more tokens are staked on the Ethereum-powered smart contract. Staked token holders will earn passive income in the form of cloud mining credits.

While these credits cannot be traded, investors can burn them on the ecosystem to earn Bitcoin cloud mining power. This allows one to get allocated mining time and a share of mining revenues. This is a cost-efficient solution to other cloud mining services due to the high costs of operations and the prevalent third-party scams.

By tokenizing the tokens, investors can join a decentralized platform that is secure to use. The presale requires investors to make just a $10 investment to get started – over $10 million has been raised in eight weeks since it launched.

Go through the Bitcoin Minetrix whitepaper and join the Telegram channel to stay updated with this cryptocurrency.

2. Sponge V2 – Emerging Altcoin With A P2E Game And A Stake-to-Bridge For High APYs

Sponge V2 is a trending new upgrade building on the remarkable success of the original $SPONGE. The first version caught the market’s attention, rising to a $100 million market cap and producing a staggering 100x return to early investors.

With over 11,500 holders and a stable $16 million market cap, Sponge V2 is set to take this legacy forward with innovative features and a strong community focus.

Key Developments in Sponge V2:

• Stake-to-Bridge Model: Sponge V2 offers a Stake-to-Bridge model, allowing users to transition from V1 to V2 by staking their original tokens. This model ensures a smooth upgrade and solidifies long-term community commitment by locking V1 tokens for four years and offering V2 tokens as rewards.
• Play-to-Earn Gaming: To improve utility and user engagement strategically, Sponge V2 integrates a Play-to-Earn game. This game is a fun addition and a practical way to earn $SPONGEV2 tokens.
• Exchange Listing Plans: The team behind Sponge V2 is potentially looking at listings on major exchanges like Binance and OKX. Such a move could mirror the success of other recently listed meme coins, potentially exploding SPONGEV2’s value.

The total supply of $SPONGEV2 is capped at 150 billion, with a significant portion allocated for staking rewards and the P2E gaming ecosystem.

This allocation strategy emphasizes rewarding active participants and enhancing the token’s utility.

Building on the success story of Sponge V1, Sponge V2 aims to leverage its strong 30,000-member community base for broader outreach and adoption.

Investors have a unique opportunity to double their holdings by purchasing V1 tokens and staking them for V2, with additional bonuses offered for a limited time. This model offers an attractive proposition, especially for those who missed the initial wave of Sponge’s growth.

Potential investors and community members looking to stay informed can follow Sponge on social media platforms like X (Twitter) and enter its Telegram channel.

These platforms offer real-time updates on Sponge V2’s rollout, exchange listings, and other critical developments.

3. Meme Kombat – Multi-Utility Altcoin Offering Staking Rewards and Wagering

The next altcoin on our list is Meme Kombat ($MK), which is a meme project that has recently released on presale. However, Meme Kombat sets itself apart from other meme tokens by offering a low token supply, staking returns, and battle rewards.

This innovative blockchain brings together our love for memes and gaming. On the Battle Arena, users can stake their $MK tokens to wager on multiple battles. The characters within the battle comprise of popular meme coin avatars such as Spongebob, Pepe, and Wojak.

The battle arena will feature a play-to-earn element, as long as multiple wagering modes including Player v Player betting and Player v Game betting. The project is powered by AI and blockchain technology meaning all outcomes are immutable, transparent and fair.

The $MK token can currently be purchased on presale for just $0.279, and will automatically be staked. Therefore, you will earn a live APYs of 119% as soon as you enter the presale.

According to the Meme Kombat whitepaper, the platform will release the platform by the end of Q3 2023. This will give users access to the play-to-earn battles and staking features.Furthermore, Meme Kombat will be released in seasons, each offering new gaming and reward-earning opportunities.

Notably, Meme Kombat has a low token supply of only 120 million. The project has not reserved any tokens for the team, and is one of the first meme cryptos which features doxxed and public-facing developers.

By allocating 30% of the token supply for staking and battle rewards, Meme Kombat wants to gain long-term loyalty by promoting collaborative growth. The presale is offering 50% of the supply, and aims to raise a hard cap of $10 million. Another 10% of this altcoin’s supply will be offered via community rewards, and 10% will be used for DEX allocation.

More than $7.8 million has been raised in the presale so far – join the Meme Kombat Telegram channel to stay updated with the project.

4. eTukTuk – Reduce Carbon Emissions in the Developing World

eTukTuk, a new eco-friendly initiative based on the BSC blockchain, prepares for launch in Sri Lanka with a twofold mission – environmental protection and financial inclusion.

This project aims to replace traditional fossil fuel-reliant TukTuks with their electric counterparts, mitigating carbon emissions while offering economic advantages. The presale has already raised more than $725k with buyers able to earn 303% staking APY.

Electric TukTuks bring significant cost reductions in operation and maintenance, potentially boosting driver income by an impressive 400%.Sri Lanka, home to a vast fleet of millions of TukTuks, can provide a solid base for eTukTuk’s journey to kick off.

With the strong backing of The Capital Maharaja Group, a significant conglomerate in Sri Lanka, eTukTuk’s goal of affordable and accessible electric vehicles and charging stations have become more feasible.

Incorporating blockchain tech, eTukTuk promotes financial inclusion by assigning digital identities, narrowing the economic divide. As per the eTukTuk whitepaper, It doubles as a socio-economic tool, aiming to make a mark beyond transportation.

Token holders can support charging station operations by staking their tokens, earning annual yields in return. This unique staking method sets eTukTuk apart, further showing its innovative approach.

eTukTuk seeks to create a future where transportation and economic growth harmoniously coexist without affecting the planet’s health. You can join the eTukTuk Telegram group for the latest information.

5. 5th Scape – New Altcoin Linked to a VR Gaming Ecosystem

5th Scape ($5SCAPE) is a brand new immersive virtual reality ecosystem where players can experience a hyper-realistic world full of limitless possibilities. The 5th Scape ecosystem comes equipped with the necessary products to provide gamers with a realistic VR gaming experience – including VR headsets and ergonomically designed VR chairs.

$5SCAPE, the native token, can give you access to the basic gameplay modes on 5th Scape. According to the platform roadmap, 5th Scape will launch five new VR games – ranging from MMA-focused themes to Cricket and Soccer-based gameplay modes.

$5SCAPE token holders get access to these gameplay modes and discounts on all 5th Scape products. With the token, you can also engage in educational content via tutorials and modules.

This new altcoin is priced at $0.00187 during the first presale round. The presale will run for 12 rounds – across which 80% of $5SCAPE’s 5.21 billion token supply will be allocated. By the final round, the price will increase to $0.0087 – a 350% price increase from current levels.

The $5SCAPE listing price is set at $0.01 per token. Read the 5th Scape whitepaper and join the Telegram channel to stay updated with this new altcoin.

6. Green Bitcoin – Crypto Presale Project That Rewards Accurate Bitcoin Price Predictions

Although many cryptocurrency projects are developing innovative financial solutions, some projects are focused on rewarding users in a gamified way. Green Bitcoin is such project where you buy $GBTC tokens, stake them and give Bitcoin price predictions. Depending on your prediction and staking duration, you’ll be rewarded.

The project is in its infancy, however. This means you can only buy $GBTC tokens now at a discounted price while you wait for the price prediction system to go live. This shouldn’t be bad, though, especially if you believe the project has a future. $GBTC sells at a lower price during the presale than what it could potentially trade post-presale. Moreover, you get to stake and earn rewards during the presale, giving you a chance to stack up before you start predicting Bitcoin’s price.

To participate in the presale, you need ETH, USDT or a card, and an Ethereum-based wallet to complete the transaction. Token withdrawal will be enabled once the presale ends. While you wait, you can earn more $GBTC tokens.

The staking system is live and there’s a 700% APR at the moment of writing. This will change as more tokens get staked. With 67.5% of the total token supply dedicated to the presale and the staking rewards, according to Green Bitcoin’s whitepaper, the majority of the tokens are likely to get distributed among early adopters.

The token presale is the first phase in the project’s roadmap. After it ends, the token is going to be listed on A-tier exchanges. The gamified Bitcoin price prediction system comes next.

Follow Green Bitcoin on X and Green Bitcoin on Telegram to get project updates and to learn more.

7. Scorpion Token – Earn Up To $10,000 in Daily Passive Staking

Scorpion Casino is the future leading eGambling platform that lets users earn up to $10,000 USDT in daily passive staking, depending on the casino’s performance. The project is on a mission to build the number-one online social gambling platform that seeks to provide a fun and seamless gambling experience while simultaneously allowing everybody to earn.

Licensed and regulated by the Curacao EGaming licensing entity, Scorpion Casino can boast over 210 casino games, with an additional 160 live games. The platform hosts all the popular games you would expect from a major casino, including blackjack, roulette, poker, and slots. In addition, the games are highly polished as the casino is connected with all the major gaming providers, including Evolution, NetEnt, EGT, and AMATIC.

In addition to the traditional table games, Scorpion Casino also hosts a sports betting section, allowing users to bet on the outcome of their favorite sports games. The sports section has all the major leagues integrated for popular sports such as soccer, tennis, golf, basketball, horse racing, boxing, and MMA.

The passive staking earnings are provided through a redistribution tax that’s baked into the smart contract for the token. A 2% tax is leveraged on all transactions, which is re-distributed to all SCORP holders. As a result, holders will see their token balance increase when holding the token as the casino gains more adoption.

Furthermore, the token is actually deflationary due to the 1% burn tax that is levied on each transaction. Over time, the total supply for SCORP will continue to decrease, making the remaining tokens more scarce and valuable.

The project is currently hosting a presale for its native token, SCORP. The native token will be the exclusive payment method for the entire ecosystem and will be the default betting currency across the casino and sports gaming products. However, the casino also accepts major cryptocurrencies, such as BTC, ETH, and BNB.

Investors who purchase more than $1,000 SCORP in the presale are automatically enrolled in the Elite Scorpion Members Club, which provides multiple benefits, including;

• A VIP service
• Cashback on the casino
• Extra staking rewards
• Addition SCORP tokens

Furthermore, those that use the exclusive bonus code Scorpion20 when making their purchase can get an extra 20% tokens on their investment – $3.5 million has now been raised in the presale.

The project has announced that it has already secured a top-tier centralized exchange listing for when the presale ends, which will be announced close to the conclusion of the presale.

8. Poodl Inu – Latest Dog-Themed Meme Coin Offers Over 9,000% Staking APY

Poodl Inu is another dog-themed meme coin that aims to follow the hype around Dogecoin, Shiba Inu, Bonk, Myro and Dogwifhat. The main difference between all these tokens and Poodl Inu is that they have all been around for years, while Poodl Inu is now in a presale, giving you the chance to buy it at a lower price before being listed on exchanges.

To participate in the presale, connect your Ethereum wallet and use ETH, USDT or a card to complete the purchase. You can also buy it with BNB if you prefer, but you won’t be eligible for the staking rewards.

As soon as you purchase your POODL tokens, stake them to earn a generous staking APY that stands over 9,000% as of this writing. This number will drop when more investors buy and stake their tokens, which makes it prudent to lock in before the APY drops.

Follow Poodl Inu on X and join the Poodl Inu Telegram channel for more information about the project.

9. Ethereum – Largest Altcoin and Originator of Smart Contracts

Ethereum (ETH) is the king of altcoins. It’s the second-largest cryptocurrency on the market, beaten only by Bitcoin.

Furthermore, Ethereum fathered the ERC standard used by many of today’s best altcoins to watch. But is Ethereum a good investment right now?

Many investors consider Ethereum to be the best crypto to buy now and for good reason. The project has consistently proven itself able to weather any bear market while still providing the same great service to its users.

A large portion of the most popular altcoins utilize the ERC standard and with the upcoming Ethereum update expected to improve throughput, this is unlikely to change anytime soon. It’s also considered to be one of the best VR cryptos as it powers many of the new projects on the market.

With the amount of value the project offers, Ethereum is one of the best altcoins to buy and a worthy addition to any well-diversified portfolio.

10. Chainlink – Popular Project Bringing Off-chain Data On-Chain

Chainlink (LINK) is packed full of intrinsic value and is one of the most popular altcoins currently available.

The project’s core value proposition is the ability to implement off-chain data sources into on-chain applications, something that has drastically increased the functionality of Web3 projects as well as other cryptocurrencies.

Few of even the best altcoins to watch can compete with Chainlink in terms of industry partnerships. Due to the nature of the project, it’s in the interest of other cryptocurrencies to join Chainlink in order to improve their own offerings. This has resulted in Chainlink’s technology being incorporated in a range of high-profile projects like Aave.

Overall, Chainlink is one of the best altcoins to buy right now. Even during the current market downturn, it has remained strong and as it uses the ERC standard, the upcoming Ethereum merge will likely award LINK a slight boost in value.

11. XRP – Transactional Cryptocurrency Touted as being the Future of Currency Exchanges

XRP is a transactional cryptocurrency that many investors believe could be the future of banking. The token was created by David Shwartz as a more cost and energy-efficient alternative to Bitcoin with Ripple Labs being created soon thereafter in order to create use cases for XRP.

While Ripple and XRP are currently in the midst of a lawsuit from the Securities and Exchange Commission (SEC) regarding the unlicensed selling of securities, many speculate that XRP could explode following the suit’s conclusion. Like Chainlink, XRP has a huge number of partnerships with financial institutions and banks including the Bank of America, MoneyGram, and American Express.

Being launched in 2012, XRP cannot be counted alongside new altcoins but it remains one of the best altcoins to buy. With its partial win over the SEC in a long standing court trial, it can also be regarded as born anew.

The price certainly reflects this, trading at $0.71 at the time of this writing, rising sharply after the SEC court victory.

12. BNB – Cryptocurrency Powering the Binance Ecosystem

BNB sometimes referred to as Build and Build, is the propriety token of the world’s largest exchange (by volume), Binance.

Despite originally launching as a rather basic blockchain designed primarily to reduce fees on the Binance exchange, BNB has since expanded into the smart contract sector and is commonly used to power new altcoins like Battle Infinity.

The value of BNB absolutely exploded in early 2021 as investors everywhere were looking for the next project to rival Ethereum and with the BEP standard based on ERC, it was a clear contender. The release of the Binance Smart Chain also created immense demand for BNB as it’s used to fuel all transactions on the network. The majority of BNB price predictions suggest that this utility token could reach an ATH of $2,000 by the end of 2030.

All in all, BNB is one of the best crypto to buy Reddit and still offers massive upside potential. The Binance Smart Chain (BSC) ecosystem is only growing as a result of its low costs and similarities with the ERC standard, making it one of the top new altcoins to invest in this year.

What is an Altcoin?

Altcoins are made up of a brought spectrum of projects and are not limited by category, consensus mechanism, or intended use.

Altcoin simply means alternative coin. As such, any alternative (to Bitcoin) can be considered an altcoin. In practice, this means that every cryptocurrency other than Bitcoin is classed as an altcoin.

Can Altcoins Make for a Good Investment?

With Altcoins being made up of such a large variety of projects, some will make for good investments while others will slowly fade into obscurity. Below, we’ve shared a few reasons why altcoins can make an excellent addition to a well-balanced portfolio.

Technology

One of the most interesting aspects of altcoins is the technology they possess. With cryptocurrency already being an emerging technology, altcoins can provide access to subsectors like decentralized finance, the Metaverse, and P2E gaming.

The best altcoins to buy will typically feature new and exciting features, making them an excellent way to get to the forefront of technology.

Among those listed here, XRP20 uses staking technology to enhance a regular “dumb” token into something that rewards users.

All these projects utilize blockchain technology in different ways to provide utility and a solution to a real-world issue.

Diversification

As we mentioned, there is a massive variety of different altcoins available and as such, they can make for an excellent diversification tool. With altcoins spanning every sector within cryptocurrency, regardless of how a portfolio is composed, there will be an altcoin able to reduce an investor’s exposure to a specific sector, effectively reducing risk.

Room for Growth

While Bitcoin is regarded as being a safer, blue-chip crypto, its larger size means it’s more difficult for the price to move substantially in either direction. However, altcoins will have lower market caps, meaning that less demand is required for them to be pushed upward or downward.

Meme coins can often show explosive growth, but investors have to be careful about which projects they choose. Not only do some meme coins have a very short shelf life, but many are also outright scams.

As such, altcoins can make for excellent growth vehicles, provided the proper due diligence is done prior to investing.

How to Choose the Best Altcoins to Buy

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 find the best altcoins to buy.

Whitepaper – 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.

Social Media – 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.

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 investments.

How to Buy the Best Altcoin – Bitcoin Minetrix

To ensure that no investor is left unable to buy the best altcoin, we’ve detailed exactly how to buy $BTCMTX tokens below:

• Create Crypto Wallet – Before accessing the $BTCMTX presale, investors can download a cryptocurrency wallet such as MetaMask or Wallet Connect.
• Buy ETH or USDT – An ERC-20 token, $BTCMTX, can be swapped with similar assets such as ETH or USDT. Purchase Ethereum or USDT from a suitable crypto exchange and transfer the assets to the crypto wallet.
• Connect Wallet and Buy $BTCMTX – Visit the Bitcoin Minetrix website and click on ‘Connect Wallet’. Follow the on-screen instructions to complete the process. Enter the amount to swap and confirm the purchase. Once your tokens are purchased, they will automatically be locked on the smart contract.

Visit Bitcoin Minetrix

Conclusion

We’ve taken a look at some of the best altcoins to buy, discussed the benefits of altcoins, and explained how to choose the find altcoins with the highest potential. However, throughout our research, we determined that one particular project boasts the most potential.

One of the top altcoins right now is Bitcoin Minetrix ($BTCMTX). This crypto project offers an innovative stake-to-mine mechanism where you stake $BTCMTX tokens to earn Bitcoin mining credits.

Latest Altcoin News

• Award-Winning Recycle-to-Earn (R2E) Project Ecoterra’s Presale Raise Surges to Nearly $5 Million – Is This The Ultimate Green Utility Crypto?
• Binance’s Regulatory Hurdles Open Path for Potential CZ Successor

FAQs

What is an Altcoin?

Put simply, 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 number one altcoin to buy now?

Bitcoin Minetrix is one of the top altcoins to watch right now. It comes with high staking APY and it lets you exchange your tokens for Bitcoin mining credits.

Which altcoins have the most room for growth?

While each of the projects we’ve reviewed has plenty of room for an upside move, recently released projects Bitcoin Minetrix, Sponge V2, and Meme Kombat, are all in their presale or small market cap projects that have not reached the wider market yet. Presale and low market cap projects offer low entry prices and greater potential for growth.

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 altcoins on the market, with this figure continually growing.

How can I invest in altcoins?

There is a plethora of ways to invest in altcoins. The best altcoin to buy, $Bitcoin Minetrix, can be earned through staking, whereas other top altcoins can be easily bought using a regulated broker.

What is the top new altcoin?

Out of all the altcoins available to invest in right now, Bitcoin Minetrix presents the best opportunity. Sponge V2 and Meme Kombat are other viable investment options.

Are altcoins worth buying?

As there are so many different altcoins, some will be worth buying while others are best avoided. However, each of the projects we’ve reviewed has solid fundamentals and could make for a great investment.

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.