"Uncovering Hidden Gems: The Top Altcoins to Watch in [2024]"

    

“There is nothing more interesting than the internet right now and the same would be said of the blockchain-powered solutions like Bitcoin and other altcoins a few years from now.”
― Olawale Daniel

                                             ALTCOINS:

All cryptocurrencies, not Bitcoin (BTC) are referred to as altcoins. Since most cryptocurrencies are branched from one of the two, some people consider altcoins to be all cryptocurrencies other than Bitcoin and Ethereum (ETH). Some cryptocurrencies employ distinct consensus techniques to validate transactions, create new blocks, or set themselves apart from Bitcoin and Ethereum by offering extra features or functions. 

Alternative cryptocurrency ventures abound in the market. Coins other than Bitcoin are called "altcoins" or alternative coins. After Bitcoin was developed in 2008 and released in 2009, it emerged in the market in 2011.

Altcoin, which stands for "alternative to Bitcoin," originally referred to any digital currency released after Bitcoin's popularity.  But in recent times, the word "altcoin" has come to refer to more and more cryptocurrencies than just Ethereum and Bitcoin.  There are thousands of altcoins available now, and new ones are being introduced every day.

This post looks at a list of 5 well-known altcoins to spare you the time and hassle of assessing all of these.

                                    Top Five ALTCOINS:

Ethereum (ETH):  renowned for enabling developers to create decentralized apps (DApps) on its blockchain with the use of smart contracts. Designed in 2013 by Vitalik Buterin, Ethereum is the first blockchain project to have smart contract capability. It is also the most popular decentralized finance (DeFi) currency. Since going live in July 2015, the blockchain has expanded greatly.

 Ethereum (ETH) is usually named as one of the best altcoins to watch, with a high market value. With a market capitalization of $187B (at the time of writing), ETH is second in terms of market cap behind Bitcoin. It has an all-time high (ATH) of $4,861.29/€4,534.86 per ETH.

Ripple (XRP): Many people believe that one of the digital currencies designed to enable instantaneous, affordable international payments is Ripple. It enables cryptocurrency dealers to take advantage of cheap transaction fees. It is also regarded as one of the most contentious cryptocurrency assets because, in 2020,