These industry experts share the top Altcoins for 2024.

The cryptocurrency market is constantly evolving, with altcoins often stealing the limelight from their more popular counterpart, Bitcoin. When it starts work in 2024, experts in the field have identified several altcoins with significant potential.

Crypto industry luminaries Miles Deutscher and Michael Van de Pop share their insights on the year's top contenders.

These are the Top 5 Altcoins for 2024.

Miles Deutscher's top five picks are comprised of a variety of altcoins, each with unique strengths and potential growth drivers. Starting with Arbitrum (ARB) and Optimist (OP), Deutscher emphasized their connection to the upcoming Ethereum EIP-4844 update, which promises reduced fees and improved competitiveness.

According to Deutscher, this network upgrade could lead to increased adoption and increased value.

“The EIP-4844 update is designed to lower the order fees on Ethereum layer 2s… If you were paying $2 for an LP deposit on Arbitrum, now you are paying only 5 to 10 cents. So it will definitely be Cctalyst for layer 2s adoption because it will make them cheaper and more competitive to use.” ” emphasized Deutscher.

dYdX (DYDX), another of Deutscher's picks, stands out for its role in the Decentralized Exchange (DEX) narrative. On Cosmos (ATOM), its own chain and strong payment generation potential, the recent movement of $36 million in the last 180 days makes it a profitable investment option.

“I believe in decentralization on average, and I think having a decentralized solution for trading is extremely important in the crypto economy. It's not something we've seen fully yet, but I think dYdX is the best of all the dykes,” Deutscher added.

Read More: How To Make Money With Cryptocurrency: Top 4 Ways In 2024

Celestia (TIA) is the third choice, thanks to its modular blockchain structure that allows different components to be stacked on top, such as layer 2 solutions and other blockchains. According to Deutscher, this flexibility has attracted many new applications and deployments.

Torchein (RUNE) is Deutscher's fourth choice, praised for its unique method of facilitating cross-chain liquidity. It is a decentralized solution to directly exchange assets such as Ethereum and Bitcoin, a feature that is increasingly in demand.

“RUNE is, by no means, a counter or leveraged bet on a bull market. If there's a major bull market and you know that Bitcoin and Ethereum and other assets are going to blow up, you know that RUNE, the application, needs to be adjusted to go up in price, so it's a great motivator. ” explained Deutscher.

Finally, Frax Share (FXS) tops Deutscher's list. With a multi-faceted approach, including the Lending Protocol, the upcoming Layer 2 chain and the strong team behind it, Frax Share is a comprehensive investment in the DeFi space.

Here are the other top 5 cryptocurrencies for 2024.

Michael van de Pop took a different approach. He focused on both established and emerging altcoins to avoid unnecessary risks.

“I don't believe in getting into too small an altcoin to maximize the risk. I think compounding returns and having the right strategy is beneficial in the long run. Otherwise, I'll go to a casino, get lucky at the roulette table there, and then I'll keep going,” Pope said.

Ethereum (ETH) leads the list, not only due to its potential to outperform Bitcoin, but also due to expected developments such as the spot Ethereum ETF and proof-of-purchase (POS) system. Pop explained that Ethereum is “undervalued,” but “has the potential to yield significant gains in the near future.”

“Ethereum is currently underperforming Bitcoin, and also, the first quarter of the year is usually when Ethereum is at its best. All these arguments add up to give me the right investment case to consider Ethereum as the first altcoin,” Pope confirmed.

Arbitrum and Optimism, also on Pop's radar, are known for their promising trends and high earnings as part of the Ethereum ecosystem. He proposed a dollar cost averaging strategy for these properties, taking into account their current market position.

Chainlink (LINK) is another key player in Pop's portfolio, thanks to its role in the DeFi, RWA, and NFT sectors and potential for a rebound after an extended bear market.

I think DeFi is probably just around the corner and added to RWA and NFTs will do very well in the coming cycle… so I want to capture that by channeling it into something that could be important to the entire ecosystem. That's why I vote for Chainlink,” Pope said.

Read more: Chainlink (LINK) Price Prediction 2024/2025/2030

Finally, SUI, an emerging project, added to the Pope's list. Sui represents an investment in the competitive landscape of Ethereum. Like Pop in 2021, it could reflect the successful launch of projects like Phantom and Avalanche.

These expert insights paint a different picture of the altcoin market for 2024. They then highlight projects that stand out for their technological innovations and strategic positioning in the crypto economy. Investors looking to diversify their portfolio may consider these altcoins recommendations. Indeed, each of them offers a unique potential and performance in the cryptocurrency market.