Across the blockchain space in January 2024, crypto enthusiasts eagerly and regularly seek the next standout altcoins and top trending tokens. Navigating through a sea of cryptocurrencies available can be overwhelming, but the allure of altcoins remains strong, with the market showing signs of an optimistic bullish resurgence and renewed popularity in new and old altcoins with some even suggesting that a possible altseason could be near.
Based on data gathered from various crypto publications, top crypto charts, and altcoin websites, this article will shed light on some of the best altcoins and new entries excluding Bitcoin. This piece talks about longtime alt tokens like Solana as well as much younger ones such as new L2 chains like Arbutrum, fresh Layer-1 chains like SEI, and newcomer and revolutionary “Boost-to-Earn” coin ApeMax.
List of Best Altcoins to Watch in January 2024
- ApeMax (APEMAX)
ApeMax takes center stage as a hot new altcoin, showcasing its distinctive “Boost-to-Earn” staking mechanism. Currently in the presale phase for a limited time, ApeMax offers token holders immediate access to their purchased tokens, allowing eligible buyers to utilize the coin and potentially earn rewards from boosting their chosen entities. The presale is gaining momentum, with ApeMax recently reaching several thousand token holders. Moreover, for a limited time, eligible buyers can enjoy discounts with Early Bird Loot Boxes.
- Celestia (TIA)
Launched in October 2023, Celestia stands out as a novel blockchain incorporating rollups and zero-knowledge solutions. Addressing scalability and privacy concerns in the crypto space, TIA boasts a market cap of $2 billion.
- Solana (SOL)
Solana emerges as a highly scalable Layer 1 blockchain designed for mass adoption. Having weathered a bear market, Solana has solidified its position as one of the leading cryptocurrencies, closely trailing behind Ethereum. Solana commands a whopping market cap of $38 billion, making it the fifth largest cryptocurrency and the 4th largest altcoin.
- Sei (SEI)
Established in 2023, Sei is a new Layer 1 blockchain. Introducing its native utility token with various functions, SEI covers transaction fees, fuels DPoS validator staking, participates in governance, and acts as collateral for applications on the Sei blockchain.
- CorgiAI (CORGIAI)
CorgiAI places a strong emphasis on community engagement within the Cronos (CRO) ecosystem, gaining traction as a notable player in the meme coin arena with a market cap of $587 million.
- Injective (INJ)
Injective stands out as a DEX protocol supporting margin trading, derivatives, and perpetual contracts. The Injective Chain, a PoS blockchain tailored for high-frequency trading, provides a platform for traders. Injective has a current market cap exceeding $2.9 billion.
- Bonk (BONK)
Debuting as the first dog-themed coin on Solana, Bonk aims to enhance liquidity on decentralized exchanges. Launched on December 25, 2022, Bonk quickly rose to prominence, securing the position of the third-largest top meme coin by market capitalization.
- Arbitrum (ARB)
Arbitrum emerges as an Ethereum layer-two scaling solution, utilizing optimistic rollups to enhance speed, scalability, and cost-efficiency on the Ethereum network. The native token, ARB, is utilized for governance.
Are Altcoins and Meme Coins the Same?
While all meme coins are altcoins, not all altcoins are meme coins. Within the wider altcoin category, there are several coin types which differ based on purpose, technology used, real-world use cases, and other factors. However, not all coins belong purely to one category, and increasingly we are witnessing new tokens which borrow elements from several altcoin genres.
Will Altcoins Become More Popular in 2024?
Predicting trends in the crypto market is challenging, but 2024 continues to showcase cryptocurrency innovation within the altcoin domain. Altcoins like ApeMax, with its unique Boost protocol, are displaying new forms of creative Web3 utility. Young L1 altcoins such as Celestia seek to address scalability issues, while the meme coin space also births lighthearted new tokens like Bonk and Corgi AI. The possibility of a major increase in Altcoin popularity in 2024 is something that remains to be seen as time unfolds.
With the arrival of the new year, attention is turning to both new and established altcoins. While Bitcoin leads recent growth trends, established altcoins like Solana and newcomers like ApeMax, Celestia, Arbitrum and others continue to captivate blockchain enthusiasts with their innovative features.
This article does not offer investment or financial advice. Crypto enthusiasts must acknowledge the inherent risks and conduct thorough and independent research before engaging with any altcoin or crypto token.
For those interested in ApeMax, review eligibility rules and other information on purchasing conditions by visiting the official ApeMax website.