The best altcoins of 2024 for investment from the eyes of experts

The trend in the digital currency market is constantly evolving, and investors often flock to these assets after significant growth in the price of Bitcoin. Now, two leading experts in the industry have shared their outlook on the altcoins that are likely to have significant growth potential in 2024.
The content of this report should in no way be considered as an investment recommendation. Before investing, it is your responsibility to thoroughly research and evaluate the conditions. Erzdigital website is not responsible for your possible losses.
To Report BInCrypto, Miles Deutsche’s five selected altcoins each have unique strengths and potential growth catalysts. First, the arbitrage and optimism that this analyst emphasizes on the impact of Ethereum’s EIP-4844 update, which promises to lower transaction fees and increase competitiveness.
According to Deutscher, this update could lead to increased adoption and thus price growth of these altcoins.
The EIP-4844 update will exponentially lower Ethereum Layer 2 networks fees… if you used to pay $2 to deposit liquidity on Arbitrum, now you might pay just 5-10 cents. So, this update will definitely be an accelerator for these networks; Because it makes their use cheaper and more competitive.
DVDX, another Deutscher pick, stands out for its role in decentralized exchanges. Its imminent migration to its own chain on the Cosmos blockchain and its good capacity to earn transaction fees, about $36 million in the past 180 days, make it a lucrative investment option.
I believe in decentralization, and in a cryptocurrency-based economy, having a truly decentralized solution is invaluable. We have yet to fully witness it, but among decentralized exchanges, DVDX is one of the best options.
Celestia (TIA) is another choice of Deutscher, which, due to its multi-part blockchain structure, allows various protocols such as layer 2 solutions and other blockchains to be built on top of it. According to this analyst, flexibility has led to the development of a wide range of new programs on this network.
Turchin (RUNE) is one of Twitch’s chosen altcoins due to its unique mechanism in facilitating liquidity between different networks. The network is a decentralized solution for the direct exchange of assets such as Bitcoin and Ethereum, which is in growing demand.
Ron, in a way, represents the growth of the rising market. If there is a big uptrend and you know that the price of Bitcoin, Ethereum, and other assets is increasing, Ron must set a higher price in order to maintain its efficiency, which in turn represents the market trend.
Finally, Forex Lion Token (FXS) is at the top of the Twitch list. The multi-faceted token itself, including a lending protocol, the launch of a future-proof Layer 2 chain, and a strong development team is a comprehensive investment in the DeFi space.
Michael van de Pop took a different approach. He focuses on both established and emerging tokens to avoid unnecessary risks.
I don’t believe that investing in very small altcoins carries significant risk. I think that a combination of (risk for) profit and having a proper strategy will be beneficial in the long run. Otherwise I would go to a casino.
Ethereum is at the top of his list not only for its potential to outperform Bitcoin, but also for possible future developments such as the launch of the Ethereum spot ETF and its proof-of-stake system. Pope explained that Ethereum’s current price is below its true value and has the potential to grow significantly in the coming future.
The fact that Ethereum is at an all-time low against Bitcoin, and the first quarter of the year is usually a period when the asset performs well, is probably a good reason to look at Ethereum as a first altcoin to invest in.
Arbitrum and Optimism are also popular options due to their promising price trends and potential returns as part of the Ethereum ecosystem. Considering their current position in the market, he has suggested a dollar cost averaging strategy for these assets.
Another key player in Pop’s portfolio is ChinaLink (LINK), which has the potential to grow after a long-term bear market due to its role in the DeFi, tokenization of real assets, and NFTs sectors.
I think that the addition of tokenization and NFTs to Chinalink’s DeFi segment will play an important role in the upcoming market cycle. So it takes this opportunity by investing in something that is likely to be important to the entire ecosystem.
Finally, the Sui Emerging Project (SUI) completes the pop list. This project represents his investment in the competitive landscape against Ethereum. According to Pope, Sway can repeat the successful path of projects like Phantom and Avalanche in 2021.