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Top 10 promising cryptocurrencies in 2024

Published: 17 января 2024
6 min

Top 10 promising cryptocurrencies in 2024 Top 10 promising cryptocurrencies in 2024

Friends, welcome to the new year 2024, and traditionally, we will start it with summarizing the results of the last year and determining the prospects of the current one. Last year we formed the Top 10 popular cryptocurrencies in 2023, and now we can already summarize the results.

Since the publication of our article, the coins have shown the following results:

APTOS +25%

Arbitrum +64%

Lido DAO +60%

Chainlink +90%

Avalanche +157%

Toncoin +67%

Polygon +9.25%

Solana +290%

Cardano +67%

Ripple -28%

The results are impressive, but, you must agree, even an expert has a hard time understanding the tens of thousands of existing cryptocurrencies in the world.

For the year 2024, we have prepared a new list of crypto projects that have a strong team and advanced technologies.

Polkadot

Polkadot is a platform designed to enable interoperability between different blockchains. Polkadot's mission is to maintain an ecosystem where blockchains can exchange information and tokens, increasing scalability and security.

Key benefits include flexibility in blockchain development, the ability to update without branching, and the ability to support multiple parallel blockchains, making Polkadot an innovative solution in the world of decentralized technologies.

Cosmos

The Cosmos project team positions the system as an internet of blockchains. Blockchains in the Cosmos Network can communicate with each other through Cosmos Hub via the inter-blockchain communication protocol IBC.

The ICO of the Cosmos token (ATOM) took place in April 2017. The offering was completed in less than 30 minutes, with proceeds totaling $17 million. The coin was worth 10 cents at the time of the ICO.

Kaspa

Kaspa's specialty is the parallel placement of blocks in the digital chain using Optical-Proof-of-Work (OPoW) consensus. This approach provides high network throughput with great future scalability.

The development of the project started in 2013. After 8 years, the blockchain and coin was launched without pre-selling cryptocurrency and mining. The blockchain has received a very high throughput. The nodes of the network can process and confirm up to 7.2 thousand transactions per second. But after updating the chain encoding, the TPS figure will increase to 240 thousand transactions.

Cronos

Cronos is a decentralized network based on blockchain, designed for trading transactions between its users. The main token of the system is CRO. This token allows mutual settlements between different assets.

The project was launched at the end of 2018. Cronos has a solid foundation and intrinsic value, as it allows to run high-quality DeFi applications over the network. Since its launch, Cronos has acquired over 350,000 unique wallet addresses. Cronos' massive adoption says a lot about its growing appeal.

Uniswap

Uniswap is a decentralized exchange (DEX) that allows you to exchange various cryptocurrencies without an intermediary. It is powered by smart contracts and utilizes an automated liquidity generation model (AMM).

Uniswap was one of the first to offer the use of a liquidity pool where users could provide their tokens in exchange for shares in the pool. This allowed other users to trade these tokens. Users receive commissions for participating in providing liquidity.

Tron

The idea behind the Tron project is to allow entertainment content creators and providers to interact directly with customers within the blockchain ecosystem. Users can earn money from the free placement of decentralized applications and entertainment content in the ecosystem.

Tron is being hailed as the future of blockchain technology. It is developed by adding several Ethereum fundamentals to its base. Due to the lack of high transaction fees, this technology is ideal for developing dApps. The project's own coin is called TRX. The coin functions as the basis for all applications created on the blockchain platform.

Litecoin

Litecoin was created in 2011 using Bitcoin technology. Litecoin has a hashing algorithm called Scrypt, which was designed to generate blocks quickly and mine more efficiently on regular computers without requiring the same level of processing power as Bitcoin.

Litecoin's goal is to provide fast and cheap transactions. It is often used for small payments as an alternative to Bitcoin. Litecoin also supports Segregated Witness (SegWit), a technology aimed at improving the scalability of the blockchain.

Celestia

Celestia is a modular blockchain capable of expanding data layers as the number of users increases. The platform separates execution, consensus, and data availability to address blockchain scalability.

Work on Celestia began in 2019. In March 2021, the project received $1.5 million in funding. In May 2022, the Mamaki test network was launched to verify the functioning of the project and fix bugs.

The modular blockchain divides core functions into separate layers. This avoids the scalability trilemma that monolithic networks cannot solve. Security is provided by a native TIA token.

AxieInfinity

AxieInfinity is a cryptocurrency associated with a popular game called Axie Infinity. The game allows users to create, collect and trade virtual creatures called Axies.

The specialty of Axie Infinity is its economic model, with the ability to earn cryptocurrency by completing various tasks, engaging in battles and trading in-game assets.

The AXS cryptocurrency is also used to manage the game's ecosystem, make community decisions, and gain access to various features of the platform. Axie Infinity has become one of the leading projects in NFT and decentralized gaming.

Algorand

Algorand is an open source coin to promote the concept of a borderless economy. The platform is based on Pure-Proof-of-Stake algorithm. It ensures open participation, high performance and scalability of the ecosystem.

The objectives of the Algorand project are to develop a carbon-neutral blockchain and to strive to solve the "blockchain trilemma" - the triple challenge of any blockchain related to its three main characteristics: security, decentralization and scalability.

The meaning of the blockchain trilemma is that it is impossible to solve all three problems simultaneously, and attempting to improve one or two characteristics leads to a deterioration of the third characteristic.

As a result, the Algorand blockchain has a throughput of 1000 TPS (transactions per second). And the time to form a new block does not exceed 5 seconds.

Also, transactions on the network are very cheap, the commission is 1 thousandth ALGO (with the coin itself costing 21 cents). In 2022 FIFA announced Algorand as its official platform. On its basis, cryptocurrency wallets are created for tournaments under the auspices of FIFA, commemorative NFT collections.

Conclusions

Our list certainly does not represent all tokens that can wait for success this year. But we believe that 2024 will be a watershed year, when technologies of young projects will begin to integrate into the mechanisms of the classical economy.

The first swallow was the Bitcoin ETF, which is actively traded on major stock exchanges. From this moment, cryptocurrency loses its marginality and is recognized by the world. At the same time, the price has not yet managed to reach even its past peaks. It's time to act!

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