Altcoins account for the majority of the digital currency market. With the development of technology, different altcoins currently have their own unique technological innovations and application scenarios. 2024 is an important year for the development of altcoins, and the main reason for this is the Bitcoin halving. For investors, if they want to obtain higher profits, they must understand which altcoins are worth buying when the bull market comes in 2024? Judging from the current data analysis, the altcoins worth buying when the bull market comes in 2024 mainly include TON, STX, BONK, WIF, CHZ, etc. Next, the editor will take stock of the altcoins worth buying.
Judging from the current market development, the main altcoins worth buying when the bull market comes in 2024 include TON, STX, BONK, WIF, CHZ, SOL, LINK, DOT, AAVE, ICP, etc. The following is a detailed introduction to the currency:
The OpenNetwork (TON) is a fast, secure and scalable blockchain and network project, capable of processing millions of transactions per second, which is both user-friendly and Convenient for service providers. TON coins are used to pay for the deposits required to become a validator; transaction fees, gas payments (i.e. smart contract information processing fees) and persistent storage payments are also typically charged in TON coins.
Stacks is a new Internet of decentralized applications, equipped with a full set of open source development tools to build and bootstrap an ecosystem of decentralized applications and protocols. Users own their own data, and a browser is all they need to get started. Stacks is the "Google" of blockchain, with its architecture divided into three layers: the bottom layer of the blockchain - the peer-to-peer network - the data layer. The business model of Stacks is very clear. The goal is to become a blockchain browser on which users can create basic Todo applications and build single-page JavaScript applications.
The Solana-inspired meme coin BONK is heading towards another key milestone. The token’s market capitalization has exceeded $2 billion and continues to dominate the cryptocurrency market. BONK is a Solana-based meme coin that leads the popular Solanameme tokens and has gained significant traction since the beginning of the year.
WIF coin is an emoticon coin based on the popular Shiba Inu emoticon, known for its unique pink knitted hat, and runs within the Solana blockchain network. Investor interest in meme coins is currently rising significantly, making it one of the most successful categories in the cryptocurrency market. WIF capitalized on this trend, growing significantly in value and attracting media attention.
With the start of the 2024 European Cup, the football-related digital currency market has become more active. These digital currencies, also known as concept coins, are gradually receiving widespread attention from investors and fans because of their close connection with football clubs, events or related businesses.
As a sports and entertainment blockchain fintech provider, CHZ has been the basic blockchain platform for many football clubs to issue fan tokens. CHZ occupies an important position in the sports currency market and has become the focus of investors and fans.
SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's security design, all fees will be paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to participate, thereby improving network security.
LINK is an ERC20 standardized token based on the Ethereum blockchain, used to pay Chainlink node operators to retrieve data from off-chain data, format the data into a blockchain-readable format, Off-chain computing and guaranteed uptime. Chainlink tokens are used as part of running nodes to protect against bad actors.
Polkadot aims to connect private chains, alliance chains, public chains, open networks and oracles as well as future technologies that have not yet been created. Polkadot facilitates the Internet, and independent blockchains can exchange information and transactions in a trustless manner through Polkadot's relay chain.
Polkadot makes it easier than ever to create/connect decentralized applications, services and institutions. By empowering innovators to build better solutions, we seek to free society from reliance on broken networks whose vast institutions cannot violate our trust.
Aave passed the improvement proposal (AIP1) and converted the Aave platform token LEND to AAVE at a ratio of 100:1 on October 3, 2020 (block height 10978863).
Aave is an open source decentralized lending protocol that provides users with deposit and lending services. The deposit interest rates and loan interest rates for borrowers and lenders are calculated algorithmically based on the platform's borrowing and deposit amounts, and the platform uses Chainlink's oracle to ensure the fairness of collateral prices.
Internet Computer is a first-layer protocol designed to develop a decentralized public network to enable smart contracts to run on a large scale. The project aims to be an Internet computer, providing the functionality of the public Internet and allowing backend software to be hosted on the network.
ICP is Internet Computer’s native functional token, used for protocol governance and network transactions.
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