The cryptocurrency market in 2024 has been a wild ride so far. Bitcoin hit its all-time high and then plummeted to record lows almost immediately, every other token seems to be riding on to crazy highs. It definitely cannot have been scripted. Most of all, investors are presented with opportunities for both short-term gains and long-term investments.
This article highlights the top 10 altcoins (cryptos that are not Bitcoin and Ethereum, ICYMI) based on market performance. We’ll explore short-term opportunities to capitalize on current market trends and long-term prospects for sustained growth and stability.
TL; DR, this is our list:
Before we go any further; here’s a caveat: The prices and market data of tokens mentioned in this article are subject to rapid changes and may not be stable. Investors are advised to conduct their own research and consider market volatility before making any investment decisions. This information does not constitute financial advice.
{Circulating Supply: 1.44B DOT}
{Vol (24H): $227.48 million}
Polkadot’s native token, DOT, had a stable beginning to 2024, with minor fluctuations in January. However, the price saw a solid upward trend in February 2024, initially showing steady growth before surging by 21.82% on February 20.
The spike was driven by news that the Polkadot ecosystem was launching new parachain auctions. It significantly boosts investor confidence and pushes DOT price from $6.6557 on February 1 to $8.1081 on February 20, marking its highest level since December 2023.
However, after reaching this peak, DOT entered a bullish phase, rising from over $8.1081 to $10.8863 on March 16, 2024. After reaching this peak, the DOT value has been bearish, declining over 35.82% to $6.9871 on June 1, 2024. Since June 2024, DOT has experienced a strong recovery, reaching $7.2796 on June 6 and trading just below $6.5344.
{Current Price: $32.32}
Market Cap {: $12.5 billion}
Circulating Supply: {393,277,033 AVAX}
Max Supply: {715,748,719 AVAX}
Vol (24H): {$337,822,874}
Avalanche supports scalable, interoperable blockchain networks with low fees and quick confirmation times, appealing to developers and users. Its focus on innovation, security, and broad adoption makes its native token, AVAX, a top altcoin to watch in 2024.
In 2023, Avalanche’s AVAX price experienced moderate volatility, with occasional rebounds failing to sustain long-term momentum. However, in early 2024, AVAX showed promising signs of recovery, testing the critical $40 threshold twice and briefly reaching $35, indicating a potential breakout.
The coin’s bullish momentum continued, surpassing the $60 mark in March, but declined 39.9% to $36.06 in June 2024. The Avalanche price is $32.59, slightly below the price at the start of June. The psychological level at $30 could serve as critical support for Avalanche’s price, establishing a pivotal support zone for the altcoin.
{Current Price: $7.10}
Market Cap: {$17.2 billion}
Circulating Supply: {2,431,770,634 TON}
Max Supply: {N/A}
Vol (24H): {$245,658,962}
Founder: {Anatoliy Makosov, Kirill Emelianenko}
TON price has shown a bullish trend in 2024, experiencing a significant surge. The coin price rose % from $2.3104 on January 1 to $7.2291 in April 2024. However, like many altcoins, it has also faced market corrections and dropped to $6.2697 in June.
TON’s price shows signs of recovery, trading at $7.1108, above key moving averages and indicating positive market sentiment. Toncoin’s price movements are closely watched by investors, with critical levels of support and resistance playing a crucial role in its future performance. As the market evolves, Toncoin’s innovative solutions and strong performance position it as a noteworthy altcoin to watch in 2024.
{Current Price: $9.73}
Market Cap: {$5.8 billion}
Circulating Supply: {599,957,295 UNI}
Max Supply: {N/A}
Vol (24H): {$321,710,861}
Uniswap’s UNI prices had a quiet start in 2024, dipping slightly in January but rebounding strongly in February, surging nearly 70% in a single day on February 23. This spike was fueled by reports of a proposed fee rewards program by the Uniswap DAO, pushing UNI’s price to $12, its highest in two years. However, it fell into a bearish phase, dropping to under $7 before recovering since mid-May, now trading just below $11.
After breaking a two-and-a-half-month downtrend, UNI’s price is above its 50-day and 200-day EMAs. If it surpasses the $11.5 R1 Fibonacci level, a rally toward $14.6 and $15 is possible.
{Current Price: $0.62}
Market Cap: {$6.15 billion}
Circulating Supply: 9.89 billion MATIC
Max Supply: N/A
Vol (24H): $356,566,292
In 2023, Polygon’s MATIC price remained subdued compared to its peers. However, in early 2024, it showed signs of resurgence, reaching $1.2 before correcting by over 47% since mid-March. Currently, MATIC is at $0.7, aiming to surpass $1 for bullish momentum, which is above the R3 Fibonacci pivot.
A death cross formed on April 25 between the 50-day and 200-day EMAs, potentially increasing selling pressure. Moving forward, $0.5 is a critical support level for the Polygon price.
