Best Altcoins to Invest in 2024 in Brazil

When it comes to altcoins, the cryptocurrency market offers us several options for investing and diversifying our portfolio. The promising projects launched in recent months offer several profitable options, innovative projects, and promises of returns that make up a list of the best altcoins of 2024.

Come and find out!

Best Altcoins to Buy Now

Those who follow the crypto market know that the definition of altcoins is constantly changing. Initially, coins such as Ethereum (ETH), Solana (SOL) and BNB were considered alternative cryptocurrencies to Bitcoin, which until then was the main cryptocurrency on the market and had no direct competition. 

Over time, the concept of altcoin has changed and today several cryptocurrencies compete directly with Bitcoin, making the term “altcoin” even more comprehensive, even embracing new and promising projects.

Check out the list of the best altcoins to invest in, according to Criptofacil analysts:

1. Pepe Unchained – Crypto with low fees, high speed and massive staking rewards.
2. Crypto All-Stars – Memecoin staking platform with generous yields of up to 5,000% APY.
3. Base Dawgz: Memecoin multi-chain com recompensas share-to-earn.
4. PlayDoge – Play-to-earn (P2E) mobile game with Doge as the main character.
5. The Meme Games – New play-to-earn memecoin celebrating the 2024 Olympics.
6. Shiba Shootout : Wild West themed memecoin with community rewards and staking.
7. Mega Dice Token – A CasinoFi token that offers tradable NFTs and staking APYs.
8. Sponge V2 – Second version of the successful memecoin inspired by the iconic SpongeBob SquarePants.
9. Solana – High-performance blockchain with fast transactions and low fees.
10. Avalanche  – Blockchain platform for decentralized and interoperable applications.
11. BNB  – Binance’s native cryptocurrency for transactions and services.
12. Celestia – Modular platform for scalable and decentralized blockchain.
13. Ethereum – Platform for smart contracts and decentralized applications.

Analysis of the best altcoins to buy in (curl_year)

Now, let’s take a closer look at how each project works. It’s worth remembering that many are still in pre-sale, while others have been established on the market for a longer time:

1. Pepe Unchained

Pepe Unchained is a Layer 2 blockchain that offers unmatched speed and low transaction fees, designed specifically for meme coin enthusiasts. It provides 100x faster transactions than Ethereum and an instant bridge between ETH and Pepe Chain. With $PEPU, you can stake tokens to earn significant rewards and be part of a vibrant ecosystem.

Pepe Unchained’s dedicated block explorer and lower fees make it an attractive choice in the presale market. To get the most out of this project, read the whitepaper, follow Pepe Unchained on X, and join the Telegram channel.

Visit the Pre-Sale website

2. Crypto All-Stars

Crypto All-Stars is one of the best memecoins to buy this month. That’s because by holding this memecoin, you’ll be able to earn generous staking yields for some of the most popular memecoins, including DOGE, BONK, TURBO, and SHIB, once the MemeVault feature goes live.

Offered in a pre-sale, $STARS is now at a discounted price, allowing early investors to purchase the token and take advantage of high staking yields on MemeVault after the pre-sale ends. During the pre-sale, investors can stake their $STARS with a generous APY of over 5,000%.

This is a dynamic APY that decreases as more tokens are staked, making it prudent to stake early to increase your holdings. Be sure to follow Crypto All-Stars on X and join the Telegram group to stay updated.

Visit the Pre-Sale website

3. Base Dawgz

Base Dawgz is an interesting memecoin with the potential to explode in 2024. That’s because $DAWGZ isn’t tied to a single blockchain. Instead, utilizing Wormhole and Portal Bridge technologies, $DAWGZ is available on five blockchains: Base, Solana, Ethereum, Binance, and Avalanche.

This gives the token massive exposure to the memecoin trading community and other investors. To help promote the token, Base Dawgz will reward users who connect their X accounts and post Base Dawgz-related memes and content. This is called “Be Social for Airdrop.” Additionally, there is an allocation of 15% of the total token supply for marketing purposes.

$DAWGZ is currently available in a pre-sale where early investors can secure a low price. Once the token is listed on exchanges, the price will not be the same. Check out the Base Dawgz whitepaper to learn more about the project.

Why Dawgz Base Could Be the Next Crypto to Explode

• $DAWGZ offers seamless interoperability across multiple blockchains (ETH, SOL, BSC, AVAX), providing versatile use cases for users.
• The roadmap includes strategic phases such as DEX and CEX listings, community rewards, and ongoing marketing.
• Tokenomics allocates 20% to presale, staking, and liquidity, ensuring sustainable growth.

Visit the Pre-Sale website

4. PlayDoge

The top memecoin to invest in 2024 is PlayDoge ($PLAY). PlayDoge takes the top spot by introducing a play-to-earn mobile game that will turn the iconic Doge meme into a Tamagotchi-style virtual pet.

Bringing back 90s nostalgia, the PlayDoge mobile game will feature 8-bit 2D graphics, similar to the classic Tamagotchi style of gaming. However, PlayDoge is combining entertainment with financial incentives by launching the $PLAY token.

By caring for your PlayDoge virtual pet and competing in mini-games, you can earn $PLAY tokens as a reward. The upcoming launch of the app will showcase the best performances in the game on an online leaderboard. Top performers will also be eligible for additional $PLAY bonuses and other exclusive rewards.

PlayDoge launched at a time when investors are starting to value utility. In the past 30 days, Dogecoin – purely a memecoin – is up 15%, while high-utility memecoins like Floki Inu – which has a P2P game called Valhalla – are up over 50%.

$PLAY token holders can gain more utility by staking their tokens. Currently, $PLAY is priced at $0.00451 in the presale. The presale will consist of 40 rounds, through which PlayDoge aims to raise a maximum cap of $24.4 million.

Visit the Pre-Sale website

5. The Meme Games

The Meme Games ($MGMES) brings the excitement of the Olympic Games to its pre-sale, giving investors the chance to earn bonus tokens every time they purchase $MGMES tokens.

All you have to do is select one of the iconic meme characters, such as Doge, Pepe, and Brett, and try your luck in a 169m race. All characters have an equal chance of winning, and winning a race is random. If your character wins, you get 25% bonus tokens.

You can purchase $MGMES tokens multiple times to increase your chances of winning, as each purchase allows you to pick another meme athlete. During the presale, investors can stake their tokens to earn a dynamic APY of 4,500%. Being dynamic, it will decrease as more tokens are staked, giving early investors the biggest rewards.

Visit the Pre-Sale website

6. Shiba Shootout

Shiba Shootout is a Western-themed memecoin featuring Shiba Sharpshooters and an engaging storyline. The $SHIBASHOOT token, an ERC-20 asset, powers several ecosystem activities. These include referral rewards, community engagement through Campfire Stories, and gamified airdrops via Lucky Bow Sweepstakes.

With a total of 2.2 billion tokens, 35% are allocated for the presale. The remaining tokens support Saddlebags Savings and Cactus staking for long-term gains. Shiba Shootout aims to provide both short-term excitement and long-term benefits.

Visit the Pre-Sale website

7. Mega Dice Token

Mega Dice Token ($DICE) is a token based on the Solana network, powering an entire gaming ecosystem. The token can be used to claim various bonuses and rewards at Mega Dice Casino and sportsbook.

This token has the potential to explode due to the following use cases it offers:

• Staking Yields – Stake $DICE on the Mega Dice smart contract across three staking pools and start collecting regular annual yields.
• Daily Rewards – Staking token holders can earn daily rewards in casino games depending on their previous performance at the casino.
• Get NFTs – Certain $DICE holders have access to limited edition NFTs. This leads to special privileges and rewards in the ecosystem.
• Early Bird Bonus – Purchase $DICE early during the presale and get free tokens as an early bird bonus.

Mega Dice Token has a fixed supply of 420 million tokens. According to the Mega Dice Token whitepaper, a portion of the profits generated will be used to buy back tokens in the ecosystem. The platform will also start burning tokens to reduce the supply.

35% of the supply is being offered through ongoing presale. Another 10% will be offered as staking rewards. The $DICE token is priced at $0.069 during the initial presale round.

Visit the Pre-Sale website

8. Sponge V2

The year 2023 was marked by surprising increases in the prices of several memecoins, resulting in considerable gains for those who managed to position themselves appropriately in the market. Among the memecoins that experienced notable increases in value, both the established and the newer ones stood out and hold a special place among the best investments for 2024.

One notable example is one of the promising microcoins, Sponge V2 (SPONGEV2) , a new iteration of the memecoin Sponge ($SPONGE), which has attracted considerable interest from traders. The new iteration is introducing a unique pre-sale, where investors can acquire Sponge V2 tokens by staking them with tokens from the original version of the cryptocurrency.

The strategy of the team behind Sponge V2 is to create an engaged community, taking inspiration from the success of the original version. The latter, launched in May 2023 on Uniswap, saw a significant increase in value shortly after its launch. Despite a subsequent slowdown, Sponge has maintained a considerable value and has seen a subsequent increase in its price.

With a total supply of 150 billion tokens, Sponge V2 allocated 26.93% for pre-sale acquisition through staking , with the remainder distributed between staking rewards, liquidity on decentralized exchanges, marketing expenses, game development, and in-game rewards.

Investors are interested in Sponge V2 for a number of reasons, including the expectation of similar returns to the original version and the current memecoin-friendly environment in the market. Additionally, the connection to the popular SpongeBob SquarePants character and plans for a Play-to-Earn game are generating excitement around the cryptocurrency.

The team behind Sponge V2 plans to build on the success of the original version by leveraging proven strategies to grow the community and increase visibility on social media. Allocating resources to marketing expenses and pursuing listings on major exchanges are part of the plan to further drive the success of the new memecoin.

Visit the Pre-Sale website

9. Solana

Solana is a high-performance blockchain that supports smart contracts and decentralized applications. Its unique architecture allows it to process up to 65,000 transactions per second, significantly outperforming competitors such as Bitcoin and Ethereum.

Unlike many projects that rely on other chains (layer 2), Solana is a single blockchain (layer 1), maximizing its efficiency and scalability.

With over 25,000 cryptocurrencies on the market, it can be hard to find one that offers true innovation. However, Solana is not just another digital currency in the sea of ​​cryptocurrencies.

Founded by Anatoly Yakovenko, a former Qualcomm engineer, Solana offers a radically different approach to conventional blockchains. With its emphasis on time and unique architecture, Solana is emerging as one of the most promising cryptocurrencies on the market.

Solana’s story can be traced back to the sunny shores of Solana Beach, California, where Anatoly Yakovenko spent years working in telecommunications technology. His experience at Qualcomm, combined with a brief stint mining Bitcoin, culminated in an epiphany – introducing a decentralized clock into a cryptocurrency blockchain could revolutionize its efficiency. Thus, Solana was born, with a Solana whitepaper published in 2017.

Solana operates on a proof-of-stake consensus mechanism, but its true innovation lies in Proof of History (PoH). This technique involves timestamping transactions using the SHA256 hash function, creating a decentralized time reference. Additionally, Solana implements a distributed validation system, where all nodes play a role in securing and processing transactions.

Solana recently introduced Firedancer, a standalone validator client designed to further improve the performance and scalability of the blockchain.

With support for sharding and an improved consensus protocol, Firedancer promises to significantly increase Solana’s processing capacity, potentially surpassing traditional players like Visa in transactions per second.

Solana’s native token, SOL, plays a vital role in the network, being used for transactions, P2P payments, and staking. With an initial inflation rate of 8% per year, which gradually decreases to 1.5%, SOL offers earning opportunities for token holders, incentivizing participation in the network.

10. Avalanche

Since its inception in 2018 as a research project led by the mysterious group known as Team Rocket, Avalanche has captivated the crypto community with its innovative vision and cutting-edge technology.

Under the leadership of Emin Gün Sirer, a renowned software engineer and computer science professor, the project has evolved to become one of the leading decentralized platforms on the market, propelling the blockchain ecosystem to new heights.

After wrapping up its research phase in 2019, Ava Labs, led by Emin Gün Sirer, took over the project and initiated a series of sales to fund the development of the Avalanche blockchain. During these sales, 360 million AVAX were released to the market, raising over $40 million. Since then, Ava Labs has continued to seek funding, aiming for a $5 billion valuation by April 2022.

Avalanche is a layer-1 blockchain that uses the native token AVAX to power its ecosystem. Split into three distinct chains – X, C, and P – the network offers a range of functionalities to its users.

• Exchange Chain (X-Chain): Responsible for facilitating transactions and payments using AVAX. This chain is interoperable and allows the creation of smart digital assets.
• Contract Chain (C-Chain): Intended for smart contracts and DeFi applications, and is compatible with the Ethereum network.
• Platform Chain (P-Chain): Allows staking of AVAX for validating transactions and participating in network governance.

The network also adopts the Proof-of-Stake (PoS) consensus mechanism, where users acting as validators must stake a specific amount of AVAX in order to validate transactions. Furthermore, the protocol makes use of the Directed Acyclic Graph (DAG) to achieve high throughput and scalability on its X-chain.

The AVAX token serves a variety of functions within the Avalanche ecosystem, from serving as a unit of account to paying transaction fees and participating in network governance. With a limited supply of 720 million, the token is distributed among founders, shareholders, and through bounties and airdrops.

With over 300 dApps on its platform, Avalanche is home to a variety of projects, from DeFi platforms like Trader Joe and Aave to staking protocols like Benqi and decentralized exchanges like Pangolin.

11. BNB

Binance Coin (BNB) has emerged as one of the leading cryptocurrencies in the market, playing a key role in the ecosystem of Binance, the world’s largest cryptocurrency exchange.

The journey of Binance Coin began in July 2017, when Binance launched the cryptocurrency as part of its mission to revolutionize the digital asset market.

Through an Initial Coin Offering (ICO), Binance raised $15 million, offering 100 million BNB tokens at an initial price of $0.11 each. This ICO marked the beginning of a journey that would transform BNB into one of the world’s leading cryptocurrencies.

BNB plays several crucial roles within the Binance ecosystem. Primarily, it serves as a utility currency, allowing users to pay discounted transaction fees on the Binance exchange. Additionally, BNB is used to participate in token sales through the Binance Launchpad, where BNB holders have privileged access to new projects.

Initially launched as an ERC-20 token on the Ethereum blockchain, BNB has since migrated to its own main chain, consisting of the BNB Beacon Chain and BNB Smart Chain. This infrastructure enables decentralized governance and smart contract execution, significantly expanding BNB’s capabilities and utility.

BNB’s tokenomics are designed to promote responsible stewardship, with a total supply of 200 million tokens. To ensure the cryptocurrency’s scarcity and appreciation, Binance has initiated a coin burn program, which has already eliminated over 38 million tokens. This process will continue until 100 million BNB are destroyed, demonstrating Binance’s commitment to deflation.

BNB isn’t just restricted to Binance, finding use across a variety of DeFi projects, NFT ecosystems, and other blockchain platforms. Its versatility is evident in its role as a base currency for pair trading, payment of transaction fees, staking for rewards, and participation in a variety of decentralized applications.

12. Celestia

Celestia emerges as a revolution in blockchain architecture, embracing the concept of a “modular blockchain.” Unlike traditional blockchains, Celestia specializes in specific functions, offering significant advances in scalability, flexibility, and interoperability.

The ability to create your own custom “superchain” by combining the best features of several leading blockchains such as Ethereum, Solana, and Cardano offers unparalleled potential for innovation and mass adoption of blockchain applications.

The meteoric rise of the native TIA token, driven by its listing on Coinbase and its unique proposition, highlights a rare opportunity for investors to get in on an innovative early-stage project, potentially shaping the future of the crypto industry.

13. Ethereum

The digital revolution is in full swing, and at its epicenter is Ethereum – a global, decentralized platform that aims to revolutionize the economy and the way we interact with technology. With thousands of financial applications and games already operating on its blockchain, Ethereum is not just a cryptocurrency, it is a promise of a decentralized, intermediary-free future.

At its core, Ethereum is a platform that offers a decentralized public blockchain. But what does that mean? Well, imagine a digital ledger shared by millions of participants around the world.

Every transaction is verified and recorded in a transparent and immutable way. That’s the beauty of blockchain technology – trust and security without the need for a central authority.

Ether, Ethereum’s native token, is much more than just a cryptocurrency. It’s the energy that powers the entire network. Like Bitcoin, Ether can be used for financial transactions, but what makes it truly unique is its ability to power the creation of decentralized applications (dApps) and smart contracts.

While Bitcoin is widely known as a virtual currency and store of value, Ethereum goes a step further. It is a decentralized computing platform that enables the execution of smart contracts and a variety of other transactions. Additionally, Ethereum processes transactions faster than Bitcoin, thanks to its shorter block intervals.

Ethereum offers a tried-and-tested network with a wide range of features and an engaged global community. However, it faces challenges such as rising transaction costs and inflation concerns. Additionally, the learning curve for developers can be steep.

With Ethereum 2.0, the platform is moving towards a more sustainable and efficient approach by replacing the proof-of-work consensus mechanism with staking. This not only drastically reduces energy consumption but also makes the network more scalable and secure.

Selection criteria for the mentioned cryptocurrencies

Selecting the best altcoins on the market is a complex and subjective process, as it depends on several factors and criteria that may vary according to each investor’s profile. However, here at Criptofácil we have experts in the field who use some techniques to select the best cryptocurrencies and altcoins, and one of them is observing the following points:

1. Technology and Use Case:

• Assess the soundness of the technology behind the currency, the problem it solves, and its potential for real-world use.
• Research whether the project team is experienced and qualified to develop and implement the technology.
• Check if the project community is active and engaged in the development of the currency.

2. Tokenomics:

• Analyze token distribution, coin inflation, and burn mechanisms if any.
• Check whether the token supply is limited or whether there are a large number of tokens in circulation.
• Evaluate whether the project’s tokenomics are fair and incentivize the use of the currency.

3. Adoption and market:

• Check if the coin is listed on relevant exchanges and if there is significant trading volume.
• Analyze whether the currency is being used by relevant companies or projects in the market.
• Research whether the currency’s user community is growing and whether there is real interest in it.

4. Performance and technical analysis:

• Analyze currency performance history and identify long-term trends.
• Use technical indicators to assess whether the currency is at a good time to buy or sell.
• Keep in mind that the cryptocurrency market is volatile and past performance does not guarantee future results.

What to analyze when investing in the best altcoins

In addition to the aspects mentioned above, when investing in cryptocurrencies and choosing the best altcoin on the market, you can also analyze:

• Trading Volume and Liquidity: Altcoins with higher trading volumes and good liquidity tend to be less volatile and easier to buy and sell without drastically affecting the price.
• Security and technology: Evaluate the security of the altcoin’s blockchain and the robustness of its code. An altcoin with security flaws is too risky to invest in.
• Regulation and Compliance: Be aware of government regulations surrounding the altcoin and how they may affect your investment. Altcoins that operate in compliance with laws and regulations are generally less risky.
• Long-term growth potential: Assess the altcoin’s long-term growth potential. This involves considering its use case, market position, and ability to solve real-world problems.

Conclusion

From a detailed analysis of the various altcoins presented, it is clear that each project brings with it its own innovations, proposals and growth potential.

However, when investing in altcoins, it is essential to consider a number of factors that go beyond simple appreciation potential.

The underlying technology, real-world use case, token distribution, market adoption, and historical performance are just some of the aspects to carefully evaluate. Furthermore, it is crucial to understand the economic and regulatory context in which these altcoins operate, as well as be aware of the risks associated with investing in cryptocurrencies.

It is important to note that the cryptocurrency market is highly volatile and speculative, and investors should always conduct thorough and careful analysis before making any investment decisions.

That said, when choosing the best altcoins to invest in, it is essential to strike a balance between the potential returns and the risks involved, always maintaining a long-term vision and a diversified approach. With this in mind, investors will be better prepared to face the challenges and seize the opportunities offered by the exciting world of cryptocurrencies.

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