In simple terms, altcoins like Ethereum refer to an alternative version of Bitcoin. Let’s have a look at the top 10 altcoins that have topped the charts of 2024 till now.
Ethereum (ETH)
Ethereum is an amazing innovation along with being the creator of smart contracts and decentralized apps that help in the development of diverse applications catering to finance, gaming, and more.
“BTC is a store of value while ETH is a decentralized playground for builders to determine the future in the technological innovations of blockchain technology,” says Walker Holmes, vice president of MetaTope.
Current Price Of Ethereum: $3,768.83
BNB (BNB)
Binance Coin (BNB) has low trading fees and is majorly used for staking, governance, and payments within the cryptosystem. Recently, it has gained widespread utility by expanding its horizons to DeFi, NFTs, and blockchain infrastructure.
However, critics say it is not as decentralized as other altcoins.
Current Price Of BNB: $606.28
Solana (SOL)
Known for its scalability and speed, Solana has its own consensus mechanism called Proof Of Stake (PoS), low transaction fees, unique features, and an ever-evolving ecosystem. It is one of the fastest blockchains out there.
“Solana is a highly scalable blockchain solution with very low fees but has seen outages and downtime”, says Holmes.
Current Price Of Solana: $169.55
XRP (XRP)
A digital currency that operates on XRP Ledger, a decentralized blockchain technology. With its fast and low-cost border transactions, it has emerged as one of the best altcoin 2024 has. Ripple, the company behind XRP aims to provide banks and financial institutions with an efficient way to settle down transactions.
Current Price Of XRP: $0.5383
Toncoin (TON)
A blockchain network developed by Telegram, TON, or as we may say it – “Telegram Open Network” is a Layer-1–1 blockchain that was released with the purpose of comfortable settling of transactions of in-application clients within the Telegram app. However, it has developed into a proof-of-stake network that is driven by the community and maintains incredibly quick processing and validation speeds.
Current Price Of TON: $6.38
Dogecoin (DOGE)
A very wonderful memecoin and obviously the best altcoin 2024 has, started as a joke but now has no limits to its success. Its active community, low transaction fees, charitable initiatives, and fast transactions make it a suitable choice.
Sadly, the face of the coin – The Kabosu Dog is not with us anymore to see how far all of it has come!
Current Price Of DOGE: $0.1673
Cardano (ADA)
One of the top 10 altcoins of 2024, Cardano has a scientific approach to development along with a unique consensus mechanism Ouroborus, which is based on a Proof of stake (PoS) protocol.
“Cardano is a thought leader in the industry that has paved the way for proof of stake consensus mechanisms. ADA is a blockchain solution that promises low fees with higher levels of security than many of its counterparts.”, says Holmes.
Current Price Of CARDANO: $0.4611
Shiba Inu (SHIB)
One of the top altcoins to invest in May 2024, Shiba Inu has a community-driven approach that was created by “Ryoshi”, an anonymous developer. Shiba Inu gained popularity among cryptocurrency enthusiasts despite its meme origins which gradually resulted in notable price fluctuation and trading activity. Hence, investors should be cautious with it, as the cryptocurrency market can be very volatile, especially with regard to meme currencies like SHIB.
Current Price Of SHIB: $0.00002484
Avalanche (AVAX)
Avalanche is one of the world’s leading altcoins and one of the main competitors of ETH. AVAX is a blockchain platform that was designed especially to provide fast, highly scalable, & decentralized network infrastructure for the development of dApps. One of the most amazing and unique features of AVAX is its flexible architecture that supports the creation of custom blockchain networks called “subnets” as per the requirements.
Current Price Of AVAX: $38.20
Polkadot (DOT)
With its innovative features like shared security, cross-chain messaging, on-chain governance, staking, and bonding, Polkadot (DOT) aims to create a decentralized and interoperable network of blockchains that ensures seamless exchanges of assets and data between different blockchain networks.
Current Price Of Polkadot: $7.30
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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
