With Bitcoin halving in motion and the market on the teetering edge of another all-time high, many altcoins could be gearing up for parabolic movements in 2024.
As such, traders are poised with monumental buying opportunities, but not all cryptos will perform equally.
Therefore, this article breaks down the most promising altcoins for this year.
We consider trends and narratives, use cases, track records, prices, tokenomics, and more.
Dogeverse
Spearheading the next generation of memetic innovation, Dogeverse has ignited a frenzy after raising over $12 million in its presale.
The project ushers in an unprecedented use case: launching on the six hottest smart contract-enabled blockchains for widespread accessibility.
This unprecedented feat strives to interconnect the once-differential meme coin communities, encouraging them to unite under the banner of one powerful meme coin.
Meanwhile, the move also reinforces Dogeverse’s versatility, negating the risk of losing users to network migration.
There’s no doubt that this multichain approach will bolster its long-term potential. However, the team has also implemented a staking mechanism, encouraging users to lock up their tokens in exchange for passive rewards.
This feature will amplify its lasting potential by minimizing sell pressure while adding a new demand stream.
Currently, investors can buy $DOGEVERSE for $0.000303, but this price will rise incrementally throughout the presale, with the next uptick occurring one hour after press time.
Near Protocol
Near Protocol is a leading cryptocurrency in interoperability and AI. Its primary focus is on “chain abstraction,” which allows users to interact with decentralized applications from any blockchain, but the team is also making groundbreaking efforts in other areas.
Currently, NEAR is trading at $6.8, down 6% today, up 0.8% this week, down 1.8% this month, and up 527% this year.
It holds a $7.3 billion market cap and a $421 million 24-hour trading volume, down 35% today.
Near Protocol has displayed relative strength against the broader crypto market this week, with many other tokens in the red.
This recent vigor follows the beta launch of Hot Protocol, a Telegram-based wallet that brings Near Protocol to Telegram’s 900 million users.
But that’s not the only factor causing a ruckus in the Near Protocol ecosystem. In a bid to push the boundaries of crypto innovation, Near Protocol plans to hire machine learning engineers this year.
Wiener AI
Wiener AI is a technologically superior meme coin. It harnesses AI’s unwavering enigma and applies it to the viral meme coin sector.
The intersection of meme coins and AI has already proven particularly lucrative, with projects like Scotty the AI and Meme AI seeing monumental interest.
However, Wiener AI is undergoing a presale, giving investors a chance to buy in from the ground up. The project has raised over $500K so far.
The unorthodox shift from traditional AI to a meme-AI crossbreed will compel the more casual retail investors. However, Wiener AI’s approach simultaneously appeases more shrewd market players through its groundbreaking tech and strong tokenomics.
Wiener AI boasts a staking mechanism with massive rewards, aiming for “his fans to grow by the thousands.”
Staking is live in the Wiener AI presale and offers approximately a 1,400% APY. However, this will decrease as more tokens are staked.
Ondo
Ondo is a real-world assets protocol connected to some of the world’s leading traditional finance players. Its governance token, ONDO, launched in January and is available on exchanges.
Currently, it is trading at $0.755, down 6.6% today, 7,3% this week, 13.8% this month, but up 367% this year.
It holds a $1 billion market cap and a $110 million 24-hour trading volume, down 10%.
Currently, ONDO stands as the leading RWA project by market cap, meaning it will likely benefit as the sector grows.
According to its website, Ondo is building the next generation of financial infrastructure to improve market efficiency, transparency, and accessibility.
The project offers institutional-grade financial instruments that are accessible globally and seamlessly.
Ondo also recently announced that its yield-generating stablecoin, USDY, has surpassed $200 million total value locked (TVL).
Another factor fueling Ondo’s market interest is that the world’s largest asset manager, BlackRock, reportedly invested in the token.
Mega Dice Token
It is not often that a hyper-successful business launches a token, but that is what has happened with Mega Dice, a leading cryptocurrency casino which recently introduced Mega Dice token.
The platform hosts over 4,000 games and has 50K players who wager $50 million monthly. Mega Dice initially caught the public eye in 2023 when it launched the first fully licensed Telegram casino.
However, continuing its pioneering outlook, the team has recently launched the Mega Dice token, which aims to provide value to existing players while attracting new ones into its ecosystem.
Innate utilities amplify the token’s demand potential, with holders getting daily rewards, limited edition NFTs, exclusive access to new features, and much more.
The project is currently undergoing an ICO, and its price will increase incrementally throughout. Currently, the Mega Dice token presale price is $0.069, but this will rise when 14.7 million tokens are sold. So far, the figure is at 8.6 million.
Kaspa
Kaspa is a frontrunner in peer-to-peer transactions. Its unique architecture (GhostDAG) tackles the blockchain trilemma by enabling unparalleled security, scalability, and decentralization.
KAS is currently trading at $0.11, up 0.8% today, down 6.1% this week, 17.3% this month, and up 277% this year. It holds a $2.6 billion market cap and a $65 million 24-hour trading volume.
Kaspa’s GhostDAG is a “Scalable generalization of the Nakamoto Consensus (Bitcoin consensus),” and its website explains that it retains principles Satoshi Nakamoto pioneered for Bitcoin.
These are proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no pre-mine, and no central governance.
Considering these factors, it should be no surprise that prominent analysts favor the project exploding.
“KAS is my highest conviction play,” said RVCrypto in an analysis on X.
99Bitcoins Token
99Bitcoins is a leading crypto media outlet boasting 700K YouTube and 2.8 million email subscribers.
But despite its vast audience, the outfit continues to innovate and push boundaries. Its latest initiative is a Learn-to-Earn platform and a new presale cryptocurrency, 99Bitcoins token.
The platform invites users to learn about cryptocurrency in modularized courses, quizzes, and tutorials.
Users will earn $99BTC as they advance through the program, but they will also require it for access. This intertwines the platform’s demand with the demand of $99BTC.
In a bid to enhance demand-side tokenomics, the 99Bitcoins token also features utilities like access to BRC20 tools and education, crypto trading signals, a VIP community group, and price appreciation potential from the Bitcoin halving.
Industry experts have backed the project for success, with Jacob Bury speculating it could 10x and enable investors to “flip $1K into $10K.”
The 99Bitcoins token presale is ongoing and has raised almost $900K so far. It is currently priced at $0.00102, but this will rise in 23 hours or when the total raise hits $1.4 million.
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