Introduction
As crypto matures, investors and traders look for opportunities beyond Bitcoin and Ethereum. Altcoins (alternative cryptocurrencies) have the potential for massive profits in 2024, with experts predicting returns of up to 30x the investment. These cryptocurrencies are noteworthy due to their strong use cases, best-in-class technology, and promising project teams.
Find out more about the benefits of every project at benzinga.com.
In this article, we will look at the 10 best altcoins to buy in 2024 that are expected to grow significantly during the next bull run. We intend to give more context as to why these altcoins could be great investment opportunities. But it’s important to remember that crypto investing is not without its risks, and those considering any investment should do their research and consider their risk profile.
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What is an Altcoin?
Altcoin is an abbreviation of the alternative coin that stands for any cryptocurrency other than Bitcoin (BTC). However, by others, altcoins still refer to all other cryptocurrencies (only except for Bitcoin and Ethereum). This is true, most other coins come out from either one of them. They can use different consensus protocols to verify transactions and generate blocks or differentiate themselves from Bitcoin by providing features and functions that are new or superior. These coins perform unique functions within their blockchains. Example: For transaction fees, Ether is used by Ethereum. Other altcoins, for example, Bitcoin Cash, are made as forks of Bitcoin to compete with it. Some of them are fundraising vehicles for particular projects.
Most alternate cryptocurrencies are designed to solve the weaknesses of the cryptocurrencies and blockchains they derive from or compete against. Litecoin — The pioneer altcoin was from a fork of Bitcoin in 2011. Unlike Bitcoin, it uses Scrypt, which is a PoW consensus mechanism that is faster and requires less energy than SHA-256.
There are several different types of altcoins:
Security Tokens – Tokenized security assets
Payment Tokens – Used as currency
Stablecoins – Peg their value to fiat currency or other cryptocurrencies
Utility tokens – Offer services within a network
Meme coins – Coins that were made as a joke
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Which altcoin to buy in the USA for the long term?
Top 8 Altcoins – Best buy in the USA for long-term investment
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Ethereum (ETH) Ethereum has a market capitalization of approximately $370 billion, securing a second position just behind Bitcoin. …
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Binance Coin (BNB) …
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Solana (SOL) …
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Ripple (XRP) …
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Toncoin (TON) …
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Dogecoin (DOGE) …
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Cardano (ADA) …
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Tron (TRX)
Ethereum (ETH)
Ethereum stands as a solid investment option because of its strong ecosystem and room for growth. ETH has a long-term case for price appreciation, especially with the impending transition to Ethereum 2.0 and the potential for decentralized applications.
Can you buy Ethereum in the USA?
Well, it all depends on where you are and on the protocol you are interfacing with when it comes to buying something like Ethereum. The good thing, though, is that you can still purchase Ethereum on a centralized exchange such as Coinbase in the United States.
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Binance Coin (BNB)
BNB or Binance Coin is a digital asset created in July 2017 by a major player in the digital asset exchange coisa. BNB is one of the core pillars of the company’s ecosystem which is their company Chain, Smart Chain, Academy, Trust Wallet, and different research projects. The vision is to use blockchain technology to introduce a new elixir of finance to the world. Data as of October 2023BNB was launched in mid-2017 as an ERC-20 token on the Ethereum blockchain and subsequently migrated to its blockchain, secured using the Tendermint byzantine-fault-tolerant (BFT.
With Binance having such a huge share of the market, many are now arguing that BNB is the most bullish crypto to buy for the long game. Nevertheless, individuals looking to buy BNB need to find the appropriate exchange that supports the coin and also offers a secure trading experience.
Can I buy BNB in the USA?
Binance interacts with automated trading systems And Looking For an Easy Way To Buy a Binance Coin. Purchase BNB in the United States of America instantly from the regulated platform Transak.
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Solana (SOL)
Many factors go into purchasing cryptos like Solana, such as your location and the protocol used. Thankfully, there is a centralized exchange Coinbase where you can purchase Solana. It’s quick and easy. And now, let me break down the exact steps you need to take to purchase Solana.
However, aside from temporary price changes, Solana is a very sound blockchain with a lot of potential use cases in the long run. As an example, Solana recently paired up with Visa for USDC partnerships, effectively becoming one of the blockchains that collaborated with a traditional institution.
Can you buy Sol in the USA?
In the United States, however, you have access to Solana’s centralized exchange — so you can purchase it through Coinbase. Coinbase is the most trusted way for people and businesses to buy, sell, and manage Solana. It’s quick and easy.
Solana (SOL) Price Prediction 2030
Year     Price
2025Â Â Â Â Â $ 174.98
2026Â Â Â Â $ 183.73
2027Â Â Â Â $ 192.92
2030Â Â Â Â $ 223.33
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Ripple (XRP)
However, where they buy their crypto (like XRP) comes with many important considerations, including location and protocol. The good news, however, is you can still purchase XRP on Coinbase through their centralized exchange. It’s quick and easy. Here is a step-by-step guide on buying XRP.
Drozdz explains that an investment in XRP is highly speculative and not suitable for most investors due to its price volatility and the inability to predict the direction crypto assets will take in the future. This saying serves as a reminder that prospective investors should carefully weigh their own risk appetite and financial objectives.
Where can I buy Ripple XRP in the USA?
XRP can be purchased on various exchanges like Bitstamp, Kraken, Huobi Global, and Coinbase. Most of the premier crypto exchanges and apps support XRP trading. XRP — a cryptocurrency used for payment method or speculation.
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Toncoin (TON)
Toncoin (TON) is a decentralized layer-1 blockchain The project was created in 2018 by a team behind an encrypted messaging platform. But later on, the ownership of the project transferred onto the TON Foundation, and instead of “Telegram Open Network,” it became “The Open Network”. Initially termed gram, Toncoin is the native token of the TON ecosystem. This network attempts to offer an ecosystem of decentralized storage, decentralized services, a domain name system, a hidden network, an instant payment network, and a transaction processing platform. Flexibility of the architecture means that it is community-driven and serves an ordinary consumer which is the average use case of the TON network.
The Toncoin price prediction from our latest study forecasts that the value of Toncoin will rise by 9.78% and hit $5.39 by November 03rd, 2024. Toncoin Technical Indicators:- Bullish Bearish 19% Market Sentiment:- Bullish Market Movers:- Bullish Sentinel Technicals / Top 5 Greed & Fear 69 -Winter -Fear & Greed Index
Can I buy Toncoin in the USA?
Buy Toncoin in the United States of America in 5 Easy Steps
Add the address of your wallet that supports Toncoin Sign in with your email and confirm your details Get TON in your wallet instantly upon payment via the best payment solutions Credit Cards, Apple Pay, Google Pay, Bank Transfer, etc.
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Dogecoin (DOGE)
Many factors come into play when buying crypto — location, protocol, etc. This was a rather unfortunate situation because it meant that you were unable to buy Dogecoin on Coinbase but luckily there is always the option of the centralized exchange which has been there all along. It’s quick and easy. Here is a detailed guide to buying Dogecoin.
Dogecoin might be a meme, but it’s not an investment. Instead, it does not get its value from another asset (as stablecoins do) and does not add value to any financial system (such as Ethereum (ETH -1.52%)). Beyond its meme value, community is Dogecoin’s biggest asset.
Doge people enjoy its self-deprecation. For more fundamental reasons, however, plenty of crypto investors steer clear of Dogecoin altogether — and where they do bother even a little, they tend to invest only infinitesimally small amounts.
Where can I buy Dogecoin in the US?
Fortunately in the United States, you can buy Dogecoin on Coinbase’s centralized exchange.
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Cardano (ADA)
Buying crypto, such as Cardano, involves many variables including location and protocol. The good thing is you can purchase Cardano on the centralized exchange of Coinbase. It’s quick and easy. When it comes to buying Cardano, follow these simple steps.
Key Takeaways. Those who believe in Cardano over the long term believe that it has a Proof of Stake consensus mechanism, a capped supply, and a research-based development process. Although Cardano has a solid long-term outlook, it has fallen behind the quickest-growing competitors such as Ethereum or Solana.
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Tron (TRX)
TRON (TRX) – TRON (TRX) is a decentralized blockchain-based platform that was developed by the Tron Foundation and launched in 2017. It was originally designed to give complete property rights to the creators of digital works. The platform provides support for smart contracts, different kinds of blockchain systems, and decentralized applications, or dApps. TRON aims to build a truly decentralized Internet and is a platform for app developers which can be another option for Ethereum. Its transaction model is close to that of Bitcoin (BTC) where transactions are in a public ledger of all transactions, an open ledger in which anyone can look up the history of operations. TRON was established by CEO Justin Sun.
Tron (TRX) is a high-risk investment. Cryptocurrency values can fluctuate wildly and quickly. The risk of losing your investment also always exists when the market can switch, hack, or other security risks.
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Conclusion
As the world of cryptocurrencies expands, the opportunity to pick altcoins with growth potential is becoming more pronounced. Investors can take advantage of future bull markets by carefully choosing projects with sound use cases, strong development teams, and good track records. Though Ethereum and Cardano are tried and true, newer projects like Polkadot, Chainlink, and others could also diversify a crypto portfolio. And as always — always always — do your research, stay in touch with the market, and invest strategically. If you plan thoroughly, these altcoins can be your best friend on your long-term investing journey in the USA.
FAQ
Which Altcoin To Buy Now For 2024 Long-Term?
The top 10 altcoins to buy in this article have been picked out for their long-term holding potential & uniqueness such as Ethereum, Binance Coin, Solana, Ripple, Toncoin, Dogecoin, Cardano, Tron, Avalanche, and Shiba Inu.
Investing in the right crypto for long-term investment?
However, if you are considering making a long-term cryptocurrency investment for diversification, you may be focusing on more mature coins such as Bitcoin and Ethereum which have longer track records, higher market capitalizations, and a greater amount of adoption from major financial institutions.
What altcoins will explode in 2024?
Kaspa, XRP, JetBolt: Which altcoin could explode in 2024? Between old hats like Ripple (XRP) and newbies on the scene like Kaspa (KAS) and JetBolt (JBOLT), the altcoin market certainly has a loud buzz ahead of 2024.
Altcoin in USA where to buy the best exchange to buy?
Best Crypto Exchanges for 2024
Coinbase: Best cryptocurrency selection.
Crypto.com: Best for mobile trading.
Abra: Best for institutional and private wealth management.
Kraken: Best security.
Binance.US: Best security runner-up.
Cash App Investing: Best for Bitcoin.