5 Altcoins That Have the Potential to Make Money in 2024: Prepare Your Investment Strategy

Bittime - 5 Altcoins That Have the Potential to Make Money in 2024: Prepare Your Investment Strategy. 2024 could be a promising year for crypto investors, especially with the emergence of several altcoins that have great potential. 

With various technological innovations, surging trading volumes, and emerging new sectors, this altcoin is expected to attract the interest of investors looking for profit opportunities in the crypto market. 

Here are five altcoins that are predicted to have high potential in 2024.

1. Celestia (TIA) – Modular Blockchain with High Scalability Potential

Celestia is a modular blockchain network designed to increase scalability and interoperability, allowing developers to create custom blockchains with minimal overhead. 

Celestia separates consensus from execution, providing flexibility and efficiency in deploying blockchain applications. 

Currently, TIA is trading at around $4.80 (Rp75,360, exchange rate of Rp15,700 per dollar) with a market capitalization of around $1.94 billion.

On October 30, 2024, Celestia unlocked 175 million TIA tokens worth approximately $890 million, resulting in a price drop of nearly 10% due to selling pressure. 

Nevertheless, Celestia's approach to modularity and data sampling continues to attract attention from the crypto community. 

With its innovative technology, Celestia has the potential to become a major player in the future development of blockchain.

Also read Celestia (TIA) Price

2. Raydium (RAY) – Largest DEX in the Solana Ecosystem

Raydium is a decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain. 

Unlike other DEXs, Raydium integrates on-chain liquidity with a centralized limit order book, allowing users to access order flow and liquidity from Serum DEX.

Currently, RAY is trading at around $3.3 with a daily trading volume of $2.09 million. 

Raydium has seen a price increase of 22.34% in the past week, indicating strong investor interest. 

The platform has become the largest DEX in the industry, with daily transactions of over $1.82 billion and cumulative volume reaching $10.31 billion in the past seven days. 

Analysts predict that Raydium price could reach $4.43, supported by innovative features and integration within the Solana ecosystem.

Also read Raydium (RAY) Price

3. Ethena (ENA) – Decentralized Financial Solution with Synthetic Dollar

Ethena is an Ethereum-based DeFi protocol that offers innovative financial solutions such as synthetic dollars (USDe) and “Internet Bonds.” 

With ENA token as the governance token, Ethena allows users to influence platform decisions and earn rewards through staking. 

Currently, ENA is trading around $0.38, with a market cap of $1.05 billion.

USDe, a stablecoin launched by Ethena, has grown rapidly with a supply of over $2 billion. 

Despite the controversy surrounding the use of tokens in farming events, Ethena remains a strong player in the DeFi sector with a focus on stability and good scale.

Also read Ethena (ENA) Price

4. Kaia (KAIA) – Asia’s Largest Web3 Ecosystem

Kaia, a collaboration between the Klaytn network and Finschia, is a blockchain that creates the largest Web3 ecosystem in Asia. 

Integrated with popular messaging apps such as Kakaotalk and LINE, Kaia reaches over 250 million users, facilitating Web3 adoption in the Asia region.

Currently, KAIA is trading at around $0.1213, with a recent price increase of 7.58%. Kaia prioritizes reliability, fast transactions, and low fees, making it an ideal choice for real-world applications. 

With a focus on tokenizing real-world assets, Kaia bridges traditional finance and the digital economy, expanding the potential of Web3.

5. Bittensor (TAO) – Decentralized Marketplace for Machine Learning Models

Bittensor is a decentralized network that combines blockchain technology with machine learning. 

The platform enables collaboration on machine learning models, where contributors are incentivized with TAO tokens based on their contributions. 

Currently, TAO is trading around $476.28 with a market cap of $3.51 billion.

Bittensor has just launched its Valour TAO ETP product on Sweden’s Spotlight Stock Market, marking the asset’s first foray into trading in the Nordics. 

With a unique approach that combines AI and blockchain, Bittensor has great potential to continue growing in the crypto market.

Also read Bittensor (TAO) Price

Conclusion: Altcoins with Growth Potential in 2024

The five altcoins above show promising potential in 2024, driven by technological innovation and strong market demand. 

With a variety of focuses, from modular blockchain to DeFi and real-world asset tokenization, these altcoins offer attractive investment opportunities. 

For investors looking for profit opportunities in the crypto ecosystem, this altcoin is worth considering.

Referensi:
*https://www.ccn.com/analysis/crypto/5-altcoins-november-2024*

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