What are the best altcoins for 2024?

VanEck even suggests that one of the best altcoins for 2024 could be the layer 2 network that surpasses Ethereum in monthly DEX volume and total value locked ( TVL ). This increase in efficiency is likely to attract more trading volume and arbitrage opportunities, making these L2 networks some of the most promising altcoins for 2024.

Should you invest in altcoins?

While investing in altcoins, you may benefit by considering industries that have high potential and divide your portfolio between them. For example, 30% to Real World Assets, 20% to AI, 10% to Layer-2s etc. Then consider rupee-cost averaging into your position in order to benefit from any dips.

Are altcoins a speculative investment?

Still, for lack of a better designation, the basic definition of an altcoin is any crypto asset other than bitcoin. Here’s a look at the top 10 altcoins by market capitalization, excluding stablecoins. We’ve excluded stablecoins since they are designed to maintain a stable price and are not typically considered to be a speculative investment.