Top 5 Altcoins for 2024: Insights from Crypto Experts
As the cryptocurrency market continues to evolve, experts have identified several altcoins that show significant potential in 2024. Miles Deutscher and Michaël van de Poppe, renowned voices in the industry, have shared their insights on the top contenders for the year.
Altcoin Picks by Miles Deutscher
Miles Deutscher’s top five picks include Arbitrum (ARB), Optimism (OP), dYdX (DYDX), Celestia (TIA), and Thorchain (RUNE). Deutscher emphasizes the link between ARB and OP to the upcoming Ethereum EIP-4844 upgrade, which promises reduced fees and enhanced competitiveness. He believes this upgrade will lead to increased adoption and value spike for these altcoins.
dYdX stands out for its role in the decentralized exchange narrative, while Celestia is praised for its modular blockchain structure. Thorchain is lauded for its mechanism in facilitating cross-chain liquidity. Lastly, Frax Share (FXS) tops Deutscher’s list with its comprehensive approach in the DeFi space.
Altcoin Picks by Michaël van de Poppe
Michaël van de Poppe takes a different approach, focusing on both established and emerging altcoins to minimize risks. His top five picks include Ethereum (ETH), Arbitrum, Optimism, Chainlink (LINK), and Sui (SUI).
Ethereum leads his list due to its potential to outperform Bitcoin and expected developments like a spot Ethereum ETF and its deflationary Proof-of-Stake system. Chainlink is valued for its role in DeFi, RWA, and NFT sectors. Sui represents an investment in the competitive landscape against Ethereum.
Hot Take: Diversify Your Portfolio with Promising Altcoins
These expert insights highlight altcoin projects that stand out for their technological innovations and strategic positioning in the crypto economy. Consider diversifying your portfolio with these altcoins, as they offer a unique blend of potential and performance in the cryptocurrency market.