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12 Best Altcoins to Invest in 2024

The next Altcoin cycle is approaching, so it’s time to load up on some undervalued cryptocurrencies. But what are the best altcoins to buy right now?

In this guide, I explore 12 altcoin projects with the highest upside potential, covering a blend of small and large-cap projects. I’ll also reveal my research methodology when ranking altcoins, allowing you to build a risk-averse portfolio.

The 12 Best Altcoins to Buy Now

The 12 best altcoins to invest in today are ranked below:

  1. Dogeverse – Best altcoin to buy now; multi chain meme coin built on the Ethereum blockchain
  2. Slothana – New Solana chain meme coin currently in presale, over $7 million raised
  3. 99Bitcoins – Hottest new altcoin with over 19,000% staking APY during the early presale
  4. 5th Scape – Best altcoin for gaining exposure to VR and AR, offers a native headset and proprietary games
  5. Dogecoin20 – New meme altcoin project with $10 million+ in presale funding
  6. Mochi – Top-rated meme coin from the Base network, approaching 20,000 holders
  7. Solana – A legitimate ‘Ethereum Killer’ with a growing dApp and smart contract ecosystem
  8. Decentraland – Invest in the leading metaverse project, trading at a 90% discount
  9. SushiSwap – Underpriced DEX token, currently valued at just over $365 million
  10. Chainlink – De-facto Oracle ecosystem providing real-world data to smart contracts
  11. Arbitrum – Great option for investing in layer 2 solutions for the Ethereum blockchain
  12. Jupiter – SOL-based exchange token with one-month growth of over 150%

Top Altcoins with the Most Potential – Full Analysis

My list of top altcoins to buy will now be discussed in more detail. Read on to select the best altcoin projects for your crypto portfolio.

1. Dogeverse –The Overall Best Altcoin to Buy in 2024

Dogeverse is a hot new meme coin with great potential to explode in anticipation of ‘Doge Day’ on April 20th. In little more than 24 hours, the Dogeverse presale raised more than $250,000 leaving early investors with high hopes for its future potential.

dogeverse presale

Dogeverse is a multi chain meme token which offers the chance to purchase and hold through a variety of networks. Built on Ethereum, you can also buy and use Dogeverse with Binance and Polygon with facilities for Avalanche, Base and Solana integration in the pipeline.

Dogeverse is the first meme coin to cater for six chains at once and therefore has great potential to go viral like other popular meme coins recently launched on Base and Solana networks.

dogeverse tokenomics

Token holders can also stake their DOGEVERSE tokens to earn a share of the staking pool which represents 10% of the total token supply. Staking rewards will be distributed over 2 years and have the potential to provide stakers with estimated returns of 600,000%.

For more information on the Dogeverse project head over to the official website. To keep up to date with all the latest news and updates, you can follow the project on X and join the exclusive Telegram channel.

Visit Dogeverse

2. Slothana – New Solana Chain Meme Coin Currently in Presale, Over $7 Million Raised

Slothana is also one of the best meme coins to consider. This meme coin project is based on a lazy sloth. It enjoys smoking ‘herb’, but has promised to focus on profits. Crucially, Slothana is built on the Solana network. Solana chain meme coins have done very well in 2024. So meme coin investors will be hoping to capitalize on this trend.

Now, Slothana is currently running an airdrop-style presale. Investors simply need to send SOL to the Slothana wallet address. More than $7 million has been transferred so far – even though Slothana was only created two weeks ago. What’s more, Slothana has built its X following to over 10,000 people.

Slothana presale

Not only does this highlight the team’s ability to raise capital but quickly build narratives on social media. These are skills that can help Slothana become a multi-billion dollar meme coin. In terms of pricing, the presale exchange rate is 1 SOL = 10,000 SLOTH. The tokens will be airdropped after the presale. The proposed exchange listing date is also Doge Day. Interested in this SOL meme coin, follow the project on the official Slothana X channel.

Visit Slothana

3. 99Bitcoins – New Token Presale With Over 19,000% Staking APY and an Airdrop Worth $99,999

99Bitcoins is one of the best altcoins you can buy now as it comes with a low price during the presale – and it rewards early stakers with an APY of over 19,000%.

All you have to do is connect your Ethereum wallet like MetaMask to the 99Bitcoins Token presale site and use ETH, USDT, BNB or a card to complete the purchase. You are free to stake as soon as you have the tokens. However, you can claim your tokens once the presale ends.

99bitcoins presale

Another way the team rewards early investors is via an airdrop of $99,999 worth of $99BTC tokens. Complete simple steps like following 99Bitcoins on X and joining the 99Bitcoins Telegram channel for a chance to earn a piece of the airdrop pie.

Aside from ongoing rewards, there’s a high chance that the $99BTC token could appreciate this bull run as Bitcoin trades at all-time highs and Bitcoin halving event is about to happen. As people want to learn more about crypto, 99Bitcoins could see a massive boost to its token price.

Visit 99Bitcoins

4. 5th Scape – Best Altcoin Investment for Real-World Utility, Gain Exposure to VR and AR 

5th Scape is one of the best altcoins to buy for real-world utility. In a nutshell, this is a new blockchain project that’s revolutionizing the virtual and augmented reality spaces. Unlike other projects in this market, 5th Scape has developed proprietary technology. This includes a VR headset with immersive gaming experiences.

Not only that but 5th Scape also offers exclusive VR and AR games that have been built specifically for its headset. This includes a fighting game called Cage Conquest. This offers ‘real field’ experiences and strategic online competitions. If you’re more of a racing fan, Trust Hunter will appeal – you can race your dream supercar against other players.

5th Scape presale

There are also sports games, including cricket, soccer, and archery. 5SCAPE tokens sit at the heart of the 5th Scape ecosystem. Holders will secure many perks, including priority access to new VR and AR games. 5SCAPE is currently being sold at presale prices. You’ll pay $0.00285 per token by investing in the current round. Over $3.8 million has been raised so far.

Visit 5th Scape

5. Dogecoin20 – Doge Meme Coin in Presale with 48% Staking Rewards

Dogecoin20 is a popular altcoin pick, especially for investors targeting 100x gains. Put simply, Dogecoin20 is a presale project, meaning it’s not currently available on crypto exchanges. It has already raised more than $10 million. Considering that 25% of the total supply is being sold to presale investors, Dogecoin20 will be listed with a market capitalization of about $40 million.

This offers a sizable upside for early investors. So what is Dogecoin20? It’s a brand-new meme coin project built on the Ethereum network. Meme coins continue to lead the way, so Dogecoin20 is primed for lots of hype and FOMO. In fact, Dogecoin20 has opted to list its tokens on Doge Day. This is expected to be a busy day of trading.


Dogecoin20 has taken inspiration from the original Dogecoin, so it’s considered a ‘dog’ meme coin. However, Dogecoin20’s tokenomics are more favorable. For instance, investors can stake their tokens and earn APYs of 48%. The total token supply is capped too. Neither of these metrics can be found in the original Dogecoin ecosystem.

For more details, interested buyers can read the Dogecoin20 whitepaper, and follow the latest developments via social media (X & Telegram).

Visit Dogecoin20

6. Mochi – Top-Rated Meme Coin From the Base Network, Approaching 20,000 Holders

Mochi is one of the best altcoins to invest in the Base narrative. For those unaware, Base is one of the fastest-growing networks, thanks to its association with Coinbase. The good news is that Base coins are still a new phenomenon, so you can gain exposure before the broader market.

My top pick is Mochi, a meme coin based on Brian Armstrong’s (Coinbase founder) pet cat. Mochi secured a grant from Coinbase before the Base network was launched. As such, while only launching in mid-2023, Mochi is one of the most established Base coins. What’s more, Mochi is approaching almost 20,000 token holders.

Mochi Base meme coin

Another thing to like about Mochi is its market capitalization. It has a fully diluted valuation of just over $42 million. Mochi is a top-performing coin, having increased by over 2,400% since its inception. The Mochi price is currently trading 47% below all-time highs, so investors can capitalize on the short-term pullback.


7. Solana – A Legitimate ‘Ethereum Killer’ With a Growing dApp and Smart Contract Ecosystem

Solana is one of the best cryptocurrencies to buy right now. While we’ve heard the term ‘Ethereum Killer’ since the 2017 bull cycle, Solana is the most legitimate competitor. The developer community has realized that Solana offers a much better alternative to Ethereum. This is especially the case when considering fees.

Fees skyrocket when the Ethereum network is in high demand. In contrast, Solana averages just $0.00064, even when the network is busy. Solana also handles significantly more transactions per second. Transactions are also much faster. This is why an increasing number of decentralized applications (dApps) are opting for the Solana ecosystem.

Solana price prediction

This bodes very well for its native token, SOL. In the prior year of trading, SOL has increased by almost 800%. According to CoinMarketCap, SOL is trading 30% below its all-time high. Solana has a market capitalization of over $80 billion, which is about a fifth of Ethereum’s valuation.

Note: You can buy SOL on eToro from just $10. eToro is a regulated crypto broker offering fee-free USD payments.

Visit eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

8. Decentraland – Invest in the Leading Metaverse Project, Trading at a 90% Discount

Decentraland is one of the best altcoins to invest in the metaverse niche – especially at current prices. Its native metaverse token, MANA, trades at a 90% discount from all-time highs. What’s more, Decentraland has a market capitalization of just over $1 billion. This offers an attractive valuation as we approach the altcoin season.

MANA has many use cases within the Decentraland ecosystem. For instance, Decentraland users can buy plots of metaverse land with MANA. They can also upgrade their land by building real estate. Decentraland supports unlimited customization, meaning users can build their dream home.

Decentraland price chart

MANA is also required to purchase in-game assets, such as apparel. Decentraland is also a play-to-earn gaming platform. Developers can build games and sell virtual experiences. Again, all payments are made in MANA. The main drawback is MANA’s recent price performance. While Bitcoin has increased by 135% in the prior year, MANA has risen by just 1%.

Visit eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

9. SushiSwap – Underpriced DEX Token, Currently Valued at Just Over $365 Million 

SushiSwap could be a great option if you want exposure to decentralized exchanges (DEXs). This marketplace is expected to grow rapidly during the next bull run. After all, an increasing number of new cryptocurrencies are being launched – most opt for DEXs. Although Uniswap is the largest DEX by trading volume, SushiSwap’s valuation is a lot more attractive.

For instance, SushiSwap is currently valued at just over $365 million. In contrast, Uniswap trades at a 17x premium with a market capitalization of $6.5 billion. There’s little to separate the two DEXs in terms of functionality. For instance, both are built on the Ethereum network and support cross-chain capabilities.

SushiSwap price chart

Moreover, SushiSwap and Uniswap both charge trading fees of 0.3%. In terms of price performance, SushiSwap’s native token, SUSHI, is up 42% in the prior year. This is below par when compared to the broader market. Nonetheless, those buying SUSHI tokens today will secure a 92% discount from all-time highs.

Visit eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

10. Chainlink – De-Facto Oracle Ecosystem Providing Real-World Data to Smart Contracts

Chainlink is an altcoin that all crypto investors should have some exposure to. It’s the de-facto leader in the Oracle industry, meaning it provides real-world data to smart contracts. This enables dApps to obtain information outside of its native network, a crucial aspect of the Web 3 sector.

Moreover, Chainlink supports blockchain interoperability. This means different blockchain networks can share data without needing a centralized third party. Chainlink’s native token, LINK, is needed to request data feeds. It’s also used to incentivize Oracle networks, ensuring that data is accurate and unbiased.

Chainlink price

Chainlink will likely serve all sectors, including insurance, education, finance, healthcare, and aviation. Chainlink is currently valued at over $10.4 billion. While this large-cap valuation might put some investors off, the upside potential is still huge. Over the prior 12 months, LINK has increased by 145%. However, it’s still 66% down from all-time highs.

Visit eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

11. Arbitrum – Great Option for Investing in Layer 2 Solutions for the Ethereum Blockchain 

Arbitrum is one of my top altcoin picks for layer 2 solutions. There appears to be no on-chain fix for Ethereum’s fee crisis, so layer 2s are expected to do very well during the altcoin season. Arbitrum not only reduces ERC-20 fees but it increases scalability and speed.

Arbitrum continues to attract dApps, with 281 projects currently bridged to its ecosystem. This includes Curve DAO Token, Gnosis, Dai, Uniswap, the Graph, and Wrapped Bitcoin. Overall, the Arbitrum ecosystem is valued at nearly $200 billion. What’s more, Arbitrum is renowned for its robust security and progressive development team.

Arbitrum price prediction

Projects using Arbitrum’s layer 2 solutions pay fees in ARB. This is the token you need to gain exposure to Arbitrum’s growth. It has a market capitalization of almost $4 billion, so there’s lots of room for growth. In the prior month, Arbitrum has declined by 30%. This offers another chance to buy ARB at a huge discount.

Visit eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

12. Jupiter – SOL-Based Exchange Token With One-Month Growth of Over 150% 

Investors might also consider Jupiter when exploring what altcoin to buy. This is a new yet hugely popular DEX for the Solana ecosystem. It enables traders to buy SOL-based tokens without relying on third parties. Jupiter also offers a dollar-cost averaging (DCA) feature, which is unique in the DEX space.

This enables investors to DCA their positions at their preferred intervals. This starts from just one minute up to a month. The smart contract will make the respective swaps automatically, so it’s completely passive. Jupiter also supports limit orders, bridging tools, and perpetual swaps.

Jupiter price chart

These innovative features are reflected in the Jupiter price. Its native exchange token, JUP, has increased by over 150% in the prior month. Moreover, Jupiter has a market capitalization of $2 billion. This is much lower than other exchange tokens like BNB. However, the main drawback is that less than 14% of the JUP supply is currently in circulation.


What is an Altcoin?

There are thousands of cryptocurrencies in the market. Every single one – apart from Bitcoin, is an altcoin. Over time – especially during bull cycles, altcoins often outperform Bitcoin by many multiples. This is because Bitcoin has already secured a mammoth market capitalization.

For example, consider that Bitcoin is valued at over $1 trillion. In contrast, some altcoins have a market capitalization of several million dollars. This enables altcoin investors to target much higher growth. It’s important to know that most altcoins are built on other networks. For example, altcoins on the Ethereum network are ERC-20 tokens.

A much smaller percentage of altcoins have their own priority blockchain. These are typically the most valuable. Examples include BNB, Solana, Cardano, Dogecoin, and Avalanche. Ultimately, the best approach to altcoin investing is to diversify, as knowing which tokens will blow up can be challenging.

Why Invest in Altcoins?

I’ll now take a much closer look at why altcoins remain popular with investors. This will help you assess whether altcoins are right for your portfolio.

Potential for Explosive Growth

The main attraction of altcoins is their potential for explosive growth. This is due to the market capitalization. As mentioned, Bitcoin is already valued at over a trillion dollars. While Bitcoin’s long-term future is bright, it’s unlikely to achieve 100x gains in any single bull cycle.

This isn’t the case with altcoins. Depending on the valuation, altcoins can blow up by over 100x in a matter of weeks. This often happens when an altcoin begins trending on social media and/or major media publications. Dogwifhat is a great example of what a successful altcoin investment looks like.

Memecoins Bloomberg

While dogwifhat is simply a meme coin with no utility, it has witnessed unprecedented gains since launching in November 2023. The first recorded price of dogwifhat was $$0.000001366. Dogwifhat hit an all-time high of $4.85 in March 2024. So, had you invested from the get-go, you’d be looking at gains of over 355 million percent.

And it’s not just small-cap meme coins that can yield substantial returns. Take Solana, which has increased by over 800% in the past year – even though it’s already a billion-dollar project. On a longer time frame, Solana is up over 22,000% since its 2020 inception.

Invest in Projects Before They Become Mainstream

The altcoin space is similar to investing in a startup. You can buy brand-new tokens while the project is still young. As an early investor, you’ll usually secure a very attractive entry price. This translates to a low token price and a micro-cap valuation. As the project achieves its roadmap goals, its valuation should increase.

This is because new buyers are encouraged to invest, once they see the project is making waves. For example, 5th Scape is a brand-new crypto startup from the VR and AR niche. It has developed a proprietary VR headset. This can be used when playing 5th Scape games, which are unique to the ecosystem.

5th Scape hasn’t launched on crypto exchanges yet as it’s currently in presale. This means investors can buy its native token at the best price possible. Similarly, Dogecoin20 and Slothana are also in presale, having raised over $10 million and $7 million, respectively.

Just remember that most altcoins will fail – no matter how innovative their products or services are. This is why the most successful altcoin investors will diversify. Put otherwise, if you’ve only got $1,000 to invest – avoid putting it all into one altcoin. Instead, consider spreading the investment across multiple projects.

Altcoin Season is Approaching 

Altcoin season is one of the most exciting periods in the crypto space. It occurs during the Bitcoin bull market. Capital flows gradually leave Bitcoin and begin entering altcoins. This results in many altcoins experiencing parabolic growth. As each cycle passes, altcoin season becomes bigger. There is no exact science on when the altcoin season should start.

Instead of trying to time the markets, investors should fuel their portfolios with cheap altcoins. This will position investors nicely for when the altcoin cycle eventually begins. According to TradingView data, the altcoin market peaked at $303 billion in the 2017 bull market.

Total altcoin market cap

In the 2021 bull market, it peaked at over $1.5 trillion. Today, the total value of all altcoins is just over $1.1 trillion. This means the market needs to increase by about 35% just to get back to 2021 levels. After that, some altcoin price predictions believe unparalleled heights will be reached.

Easy to Create a Diversified Altcoin Portfolio

There are thousands of altcoins to choose from, making it difficult from an analysis perspective. However, this also makes it simple to create a highly diversified portfolio. You’d only need one of your altcoin picks to explode to see a sizable return on investment.

For example, suppose you want exposure to layer 1 altcoins; these typically do well during bull markets. Instead of just investing in Solana, you might also consider BNB, Cardano, Avalanche, Cosmos, Aptos, Sui, and Sei. In the metaverse space, you might consider Decentraland, the Sandbox, and Axie Infinity.

Building a meme coin portfolio also requires diversification. You might consider brand-new meme coins like Dogecoin20, Slothana, and Mochi. In addition to established meme coins like Dogecoin and Shiba Inu. Ultimately, failing to diversify can be risky, as you’re putting all of your eggs into one altcoin basket.

How Many Altcoins Are There?

There are a significant number of altcoins in the market. I mentioned earlier that there are ‘thousands’ to choose from, as this mirrors what CoinMarketCap tracks.

However, the reality is that millions of altcoin tokens have been created. For instance, there are over 450,000 tokens on the Ethereum network alone, as per BitPay data. The vast majority are worthless; they have no trading volume or active holders.

Crucially, anyone can create an altcoin. There are now online platforms that allow beginners to launch an altcoin in under 10 minutes. This includes a fully-fledged smart contract.

How to Find the Best Altcoins to Buy

Finding the best altcoins with the most potential is challenging. Most altcoin investors – especially complete beginners, will lose money. This is often because they don’t know where to look. Or what signs to look out for.

Fortunately, there are some best practices that you can follow. Let’s take a closer look at how to build a successful altcoin trading portfolio.

Look for Trending Presales

If you’re looking to buy the best new altcoins before they become mainstream, presales might be the best option. You can invest in a project before it begins trading on exchanges.

This is like investing in a stock IPO before its NASDAQ or NYSE listing. I should, however, note that presales carry the most risk.

Nobody knows if the project will succeed, as the presale space is vastly oversaturated. Nonetheless, I found that some of the best crypto presales are:

  • Dogeverse: A new meme coin on the Ethereum network aiming to expand Dogecoin’s success across six different chains. Has a fixed token supply and offers staking rewards of 581%. Has raised more than $1.8 million and will launch on Doge Day.
  • Slothana: Has the potential to become the next big Solana meme coin, having raised more than $7 million in under two weeks. SLOTH tokens will be airdropped before the initial exchange listing.
  • 5th Scape: A top utility project from the VR and AR niche. 5th Scape has built a VR headset and gaming chair, not to mention exclusive racing, fighting, and sports games. The presale is approaching $4 million.

These altcoin presales are my subjective views; always do your own research.

Explore Birdeye to Find Micro-Cap Gems

Using Birdeye is another strategy to find the best altcoins to buy. This data aggregation platform tracks altcoins that trade on decentralized exchanges. It covers the leading network standards, including Ethereum, Base, Solana, BNB, and Arbitrum. You can see which altcoins are trending, and which projects have seen the biggest gains and losses.

Birdeye altcoin gems

I would suggest clicking on the ‘Find Gems’ button. You’ll then have access to some useful filters. For example, you can filter altcoins by the number of token holders. You can then change the market capitalization. For instance, you might only want to see altcoins valued between $1 million and $10 million. Other useful filters include 24-hour views, watchers, and volume.

Importantly, only invest in a micro-cap altcoin if its liquidity is locked. This means the liquidity pool cannot be drained by the developer. This is a common scam in the altcoin space – so tread with caution.

Assess Which Crypto Narratives Are Hot 

There is often a particular narrative during the altcoin season. Each narrative can last for days, weeks, or months. It depends on how much buying pressure there is. Once a narrative has reached its peak, a new one begins. For example, during the prior bull market, some of the most popular altcoins were decentralized finance (DeFi), play-to-earn (P2E) games, and metaverses.

The narrative in recent months has been AI and Solana meme coins. In my view, the next big narratives will be Base network and real-world asset (RWA) tokens. Both of these niches are showing strong signs, so they’re well-primed for altcoin season. P2E and AI will likely stick around too.

Once you’ve determined which narratives to invest in, make sure you’re diversified. Nobody can predict which specific altcoins will blow up – so it’s best to have exposure to multiple projects within each narrative. Just don’t buy too many altcoins, as this can be difficult to manage.

Always Have Exposure to Layer 1 Protocols

I mentioned earlier that layer 1 protocols always perform well during bull cycles. Especially those that have entire ecosystems. For example, Ethereum and Solana enable developers to build dApps. Transactions within each dApp must be settled in ETH and SOL, respectively. This enables Ethereum and Solana to grow organically as more dApps are built.

That said, Ethereum and Solana are already large-caps, so some of you might want exposure to layer 1 protocols with smaller valuations.  For instance, Sei, Sui, and Fantom are valued at around $2 billion. These projects could be worth significantly more once altcoin season begins.

There are also layer 1 protocols valued at under a billion dollars. This includes Chia, Chromia, WAX, Aleph Zero, and Casper. Once again, this is where diversification can help. Spread your capital over multiple layer 1 protocols with varying valuations. You can always move money around if you lose interest in a particular protocol.

Potential Risks of Investing in Altcoins

I’ve explained that altcoin season can generate significant wealth. Unfortunately, the opposite can also happen. Some crypto investors will lose vast sums in the coming months, so the risks should not be understated.

First, remember that altcoin prices rise and fall. Even during altcoin season, some projects will fail. This means you could lose some or even all of your original investment. The latter is more likely if you end up investing in a crypto scam. For example, many newly launched tokens aren’t legitimate.

The ‘developer’ will aim to scam as many people as possible. They can do this in various ways, but the most common is to drain the liquidity pool. This means there is no liquidity for holders to sell their tokens, meaning they’re now worthless. Another scam is to adjust the altcoin’s smart contract.

For example, the developer might restrict token sales, meaning investors can no longer cash out. They could also issue new tokens, and then dump them on the open market. I’ve also seen altcoin scams that suddenly add a huge tax. For instance, 99% of the token sale will be taxed and transferred to the scammer’s wallet.

Another mistake that beginners make is assuming an altcoin will always recover. However, many well-known altcoins trade at small fractions of their prior highs. For example, XRP’s all-time high was achieved in 2018. Ultimately, risks can be reduced through diversification, dollar-cost averaging, and in-depth research.


In summary, I’ve revealed the top altcoins to invest in for the next bull cycle. I’ve covered a broad range of niches, including meme coins, decentralized finance, metaverses, Oracles, and Base network tokens.

My overall top altcoin pick is Dogeverse; a new meme coin that’s currently in presale. Over $1.8 million has been raised in the first few days and the token offers an innovative multi-chain approach that can draw in degens and traders from across the crypto landscape.

Visit Dogeverse


What are altcoins?

Altcoins are cryptocurrencies other than Bitcoin. There are thousands of altcoins in the market, ranging from multi-billion dollar projects to micro-caps.

What are the best altcoins to buy?

Some of the best altcoins to watch are Dogeverse, Slothana, and 5th Scape. These are presale altcoins that are yet to launch on crypto exchanges.

Which new altcoins have the most potential?

Dogeverse is an altcoin with huge potential. This new meme coin project has raised over $300,000 in anticipation of Doge Day.

What is the difference between altcoins and cryptocurrency?

All altcoins are cryptocurrencies. The only cryptocurrency that isn’t an altcoin is Bitcoin.

Should I buy altcoins or Bitcoin?

Most investors will own Bitcoin and a portfolio of altcoins. This offers a balanced approach to crypto investing.

Where to buy altcoins?

New altcoins usually trade on decentralized exchanges like Pancakeswap or Uniswap. Established altcoins like Solana and Ethereum trade on centralized exchanges, such as eToro, Kraken, and Binance.


  1. Memecoin Billionaires Are Back With Bets on Being the ‘First Idiot In’ (Bloomberg)
  2. Crypto Total Market Cap Excluding BTC (TradingView)
  3. ERC-20 Tokens: What They Are and How They Are Used (BitPay)
  4. Why Decentralised Finance (DeFi) Matters and the Policy Implications (OECD)
  5. What Are the Most Popular Crypto Scams to Watch For in 2024 (Time)

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