As of 2024, there are approximately 20,000 cryptocurrencies on the market. The cumulative cryptocurrency market capitalization has exceeded $2 trillion, with daily trading volume reaching $75 billion. Hundreds of millions of investors around the world are buying crypto assets.
Let's say you're looking to buy altcoins to build a solid digital asset portfolio as the world shifts toward a more digital lifestyle. In this case, finding the time to research the best altcoin projects, read whitepapers, and perform technical analysis on altcoin charts can be difficult. In this guide, we'll list and review the top altcoins that our analysts believe should be on your radar right now, and cover where to safely buy altcoins on regulated crypto platforms.
Best Altcoins to Buy in January 2024 – Top 10+ List
Bitcoin Minetrix ($BTCMTX)
– Top altcoins that can be used to mine BTC
Sponge V2 ($SPONGEV2)
– Best altcoins for staking
Meme Kombat ($MK)
– Emerging Meme Token with AI-generated battles and betting
Launchpad XYZ (LPX)
– The leading coin that simplifies Web 3
yPredict (YPRED)
– Cryptocurrency driving the “all-in-one” AI ecosystem
Wall Street Memes (WSM)
– Trending Meme Coins Causing a Surge in Demand
Cardano (ADA) – A solid proof-of-stake blockchain platform
Ethereum (ETH) – The first altcoin to be launched and the second oldest altcoin after Bitcoin
Ripple (XRP) – Powering the global digital transaction network
Solana (SOL) – A relatively new, fast-growing, and more environmentally friendly alternative to the larger altcoins
Binance Coin (BNB) – Utility coin based on its own exchange platform
Litecoin (LTC) – The first altcoin to be released after Bitcoin, launched in 2011
Stellar (XLM) – A blockchain network that provides enterprise solutions for financial institutions
Best Altcoins Review – Analysis
Many of the best altcoins we reviewed are now listed on eToro, a crypto platform regulated by the FCA. Please note that in addition to these altcoins, there are many other promising altcoins on the market, depending on your investment preferences and risk tolerance.
How to Buy Altcoins
When it comes to exchanges for trading altcoins, there are many exchanges to choose from, each with its own unique features. The secure, regulated platform we recommend is eToro.
1. eToro
eToro is a trading platform authorized by the Financial Conduct Authority (FCA) that allows customers to buy Bitcoin and over 75 other cryptocurrencies through e-wallets, PayPal, credit cards, bank transfers and various other deposit options.
Creating an eToro.com account only takes a few minutes. Compared to many other well-known cryptocurrency exchanges, eToro is designed to be simple and easy to use. Thanks to its many useful features, it is a good choice for both new and experienced traders.
There are two basic ways to trade crypto assets through eToro:
– Buying the underlying asset: There is only one way to trade traditional currency (USD) for cryptocurrencies like Bitcoin, XRP or Litecoin. In this case, eToro buys the tokens on your behalf and registers them in a separate account in your name. If the value of the cryptocurrency you own grows, you will make a profit; if the price falls, you will lose money. After purchasing the underlying asset, your crypto assets can be transferred to the eToro wallet. This is a multi-cryptocurrency, secure digital wallet that is simple to use. The eToro wallet provides secure storage for your crypto assets and the ability to transfer and exchange crypto assets between wallets.
– CFD Trading: With CFDs, you can trade future price fluctuations in a cryptocurrency without actually owning it. With CFDs, investors and traders can profit from the price fluctuations of a security by using CFDs. If you buy a Bitcoin CFD for $1,000, you will profit from the increase in the price of Bitcoin, but you will not own any Bitcoin tokens. When trading with CFDs, you cannot own any cryptocurrency, nor can you put it in your wallet or use it for purchases.
Risks of altcoins
Although altcoins may seem harmless, they do have some disadvantages, especially in terms of risk.
– The investment scale of the altcoin market is much smaller than that of the Bitcoin market, which means that they are less stable. Due to the lack of regulation and clear investment requirements, the liquidity of the altcoin market is lower. Therefore, the prices of these cryptocurrencies are more prone to fluctuations compared to Bitcoin.
– Altcoins and their use cases are often not easily distinguishable, which makes investment decisions more complicated. We have also seen many altcoins die due to failure to maintain their initial success. Known “dead” cryptocurrencies can cause investors to lose money, and this may become more common as more altcoins emerge.
How much money should you invest in altcoins?
If you want to invest in altcoins, you must remember that it takes good knowledge to understand how the market works. Due to the high volatility, it is very important to monitor your assets closely. When investing in these assets, it all depends on how much money you have at your disposal as to how much to invest. The best mindset for these types of assets is that the money invested is not necessary for your life and that it is okay to put it in your portfolio so that you can lose all your money.
Our recommended choice is Bitcoin Minetrix, which has strong utility. The project has the potential to become one of the best top winners in the space.
New Crypto Mining Platform – Bitcoin Minetrix
Rating
Audited by Coinsult
Decentralized and secure cloud mining
Get free Bitcoins every day
The current native token – BTCMTX is in presale
Staking Rewards – Annualized rate of return of over 100%
learn more
FAQ
Which alternative coins will soar in 2023?
Bitcoin Minetrix (CCC:BTCMTX), Decentraland (CCC:MANA), Flux (CCC:FLUX), Ripple (CCC:XRP) and Polygon (CCC:MATIC) are the five fastest growing cryptocurrencies by 2023.
What is the meaning of altcoins?
"Altcoin" or "Alternative Coin" means any cryptocurrency token other than Bitcoin. Many of these altcoins share certain characteristics with the famous Bitcoin, but also have some special differences. Some altcoins utilize unique consensus mechanisms to validate transactions or create linked blocks of data. Many altcoins use special smart contracts to provide unique features, such as reduced price volatility, lotteries, etc.
Is Dogecoin an alternative coin?
Dogecoin (DOGE) is an open-source peer-to-peer cryptocurrency asset. It is considered an alternative coin and one of the largest meme coins ever.
What is the purpose of altcoins?
Altcoins serve the same purpose as Bitcoin, but are smaller and more volatile. They are used to leverage blockchain, a distributed public ledger that records the legitimacy of transactions in a way that cannot be tampered with.
Will alternative coins rise?
Not only will altcoins go up, they will also go down, then go up again, then down again, then up again, and so on. No one can predict the future performance of any altcoin with 100% accuracy, but one thing we can be sure of is that people are making a lot of money with these coins.
How to find promising altcoins?
Finding the right altcoin to invest in can be difficult. The best way to determine the security, legitimacy, and future of altcoins is through online reviews, reading white papers, observing market trends, and in-depth research on individual projects that have more than just cryptocurrency trading in mind.
How many altcoins are there?
There are approximately 20,000 altcoins on the market today.
Why do altcoins fall when Bitcoin falls?
Bitcoin dominance can directly impact altcoins because it shows how much of the market's volume is based in Bitcoin and how much is based in altcoins. Generally speaking, if Bitcoin dominance increases, traders recommend that you hold more of your cryptocurrency in Bitcoin rather than altcoins.
English 
Chinese (China) 
Chinese (Hong Kong) 