Top 5 Crypto Altcoins For 2024 (Insane Potential!)

Miles Deutscher from Crypto Banter breaks down his top 5 crypto altcoins for 2024, and his thesis behind each pick. These coins could be some of the strongest performers in the crypto market in 2024.

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0:00 – Intro
1:46 – Altcoin 5
7:57 – Altcoin 4
11:36 – Altcoin 3
16:20 – (Bonus Pick)
18:48 – Altcoin 2
23:20 – Altcoin 1
25:46 – Outro

In today’s video I’m going to be revealing my top five altcoins of 2024 in this video I’m going to break down my top five altcoin picks that I think are a worthy hold in my portfolio for the year of 2024 I’ll be giving you my reasoning behind each altcoin pick

Diving into my fundamental thesis behind each altcoin as well as any specific catalysts or announcements that altcoin has for the Year this video is going to be part one of a series which covers my favorite altcoin of the Year there’ll be a new video every single week until you

Have my full list so today I’m starting with some of the coins I’m most bullish on next week I’ll be revealing my top five unreleased altcoins so these are alt coins which aren’t released into the market yet but when they launch you have a chance to get into early so make sure

To subscribe if you haven’t already so you don’t miss that video this is going to be an awesome weekly series to kick off the year and over 63% of my viewers actually aren’t even subscribed to the channel so if that’s one of you make sure to remember to click that subscribe

Button uh for this weekly series and also hit that notification Bell because it does pay to be early in crypto and I do my best to give you the best information in the market as I get it to ensure that I can help you succeed in

The market and make money in crypto so one little thing to note before I get into this list is that this video is in order of conviction it was hard to order these coins but I’ve tried my best to put them in from rank five which is my

Least conviction bet of today’s video all the way through to rank one which is my highest conviction bet of today’s video but obviously this is a top five list so I’m bullish on all of the altcoins in this list from rank five to rank one I just wanted to save the best

To last so make sure you do stick around to the end to hear my thesis on my number one altcoin uh because it’s a good one without further Ado let’s get into altcoin pick number five um this kind of encompasses a few altcoins but I’ve tried to narrow it down to one or

Two those altcoins being arbitrum and optimism they’ve been slightly lagging in price recently and I think this is is largely down to the fact that the eth narrative has been fairly weak so the market has been backing a lot of these newer layer ones and layer 2os you’ve

Seen Celestia perform really well you’ve seen ejective perform really well of course salana is also performing really well the ethereum narrative has been lagging behind but there is a very big Catalyst coming for ethereum um that I think doesn’t necessarily impact ethereum as much as it impacts the layer

2os and that is of course the EIP 4844 upgrade which is set to reduce Fe on ethereum layer 2s by an order of magnitude so if you were paying $1 for a swap on polygon before you could now be paying only four or 5 cents if you were

Paying $2 for an LP deposit on arbitrum now you might only be paying 5 to 10 cents so it’s going to definitely be an adoption Catalyst for layer 2s because it makes them cheaper and more competitive to use versus a lot of these other networks like salana for example

Um and this has been a big problem for layer 2os in recent times because they essentially can’t scale even though they are ethereum layer 2s and they’re supposed to help e scale during times of high network activity they suffer from the same network congestion issues that

Ethereum does so this is one of the most important upgrades for these layer 2os to actually become cheaper more scalable um and easy to use for the average user and the way EIP 4844 works is it introduces a new kind of transaction type on ethereum which starts to accept

Blobs of data instead of individual bites of data to be persisted in the beacon node for a short period of time this means you can batch data together in order to uh post less call data which reduces the gas fees on these layer 2os so when is EIP 4844 happening well it

Was supposed to happen in Q4 2023 but the developers disclosed that January is their tentative date for the denen upgrade on the girly test net so obviously they need to initiate the upgrade on test net make sure it works before they roll out on Main net which

Would lead me to believe we’re looking at a February SL March deployment for EIP 4844 on mainnet thus some of these l2s like arbit and optimism um deserve a place in my portfolio and become a decent narrative bet uh especially around this time and look fundamentally they’ve all been super strong relatively

Stagnant but um you know all been holding up pretty nicely in terms of daily active addresses if we look at arbitrum specifically it’s been pretty impressive hovering around the 180k uh daily active address region and if you also look at tvl we know that these are major players in the overall defi

Landscape with arbitrum at number four and optimism at number seven and despite salana performing really well um and maybe outperforming over the past few months they’ve still managed to hold up ground yes they haven’t grown as fast as some of the other chains but they’ve still beat ethereum Tron BC uh they’ve

Just been lagging Behind These you know more popular blockchains like salana and Avalanche and one more point I want to make on the layer 2s before we get into my altcoin pick number four of today’s video is the fact that ethereum’s been performing really badly and I think some

Of these L2 ecosystem plays represent somewhat of a proxy to an eth reversal if you think an eth reversal is coming now I haven’t done my uh predictions video for the year yet that’s something I’m going to be doing next week where I outline my top 10 predictions for 2024

But spoiler alert one of the predictions I’m going to make is that eth BTC at some point makes a strong recovery because I think the eth narrative has just been so beaten down over the last couple of weeks a lot of maybe unnecessary and unjust fud to the

Towards the ethereum side and yes it’s been lagging in terms of price but I don’t think ethereum is going anywhere I’m extremely bullish on etherum it has the most developers it has the most funding it has the most tvl and despite what you may be led to believe it hasn’t

Been losing Market here in tvl terms only being superseded by transactions on blockchains like salana which have you know very popular meme coin ecosystems right now so ethereum is something that I’m not fading next year and the l2s also represent an interesting proxy bet uh in order to get exposure to the eth

Narrative before we get into altcoin pick number four I want to remind you that if you want a place to buy any of the coins or trade any of the coins that I’m talking about in today’s video bitg get is the perfect place because they have all the listings of all the major

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Just want to explain how simple it is to actually buy crypto if you do want to buy any of the tokens I talk about today arbitrum optimism or my top four picks that I’m about to get into um in today’s video they have a credit debit card

Onramp so you can simply onramp from a credit card or a debit card uh in order to gain usdt once you have usdt on the exchange you can also swap straight into Bitcoin or other specific tokens go to the trade section of the exchange click

On spot and any coin that you do want to buy you can just search up and purchase it directly here so of course they have arbitrum of course they have optimism but they have a lot of the other tokens I’ll be talking about in today’s video

As well and buying is super simple you simply enter the price you can set a limit order or a market order if you want to buy at Market set the amount that you want to spend and simply click buy and the tokens will show up in your

Bitg get wallet so super simple to use the exchange and once again Link in the description if you want to claim access to the rewards program as well as my custom sign up bonus let’s get straight into the rest of the video kicking it off with altcoin number four

This is dydx and it’s a a project that I’m extremely bullish on long term because it represents um a really nice bet on the Dex narrative now you know how bullish I am on the Dex narrative I believe that as new retail participants come into crypto because dex’s earn fees

Based on the amount of volume being traded increased retail interest is a super positive Catalyst for these dexas and I believe in the ethos of decentralization and having a Bonafide decentralized solution to trading I think is extremely valuable in the crypto economy and it’s not something

We’ve fully seen yet but I think out of all of the dexes dyx is one that are most bullish off considering they’re the most decentralized they’re launching on their own chain on Cosmos which is very ambitious but it does signal a step towards them wanting to become you know

More composable and more customizable versus the ethereum chains and I think that if you want to take a bet on the deck’s narrative in general DX is the biggest and represents a very high upside play considering it’s also one of the applications that earns the most

Money in crypto if you look at the top 25 projects for fee generation dydx ranks here in the top 15 um and this is alongside other big networks like Bitcoin Tron ethereum then you have lighter then you have Unis swap your staple ethereum daps like RV the money

Market make AAL which is um being powered by Rood assets recently and then you have dydx slotting in here at a $36 million fee generation over the past 180 days so we can complicate things as much as we like but I’ll just put it very simply it makes money and that’s not

Necessarily a guaranteed thing in crypto investing a lot of applications they don’t make money and you’re investing on the promise of future income well applications like dydx I like because there is a calculation a DCF model that you can Implement when you do have concrete Revenue numbers and that’s also

You know why I like in investing in these coins because it’s easy to project uh and find asymmetries in the market based on fee generation now it is being fed because because of the fact that they have this very aggressive unlock schedule we’ve had the first unlock

We’re about to see the second unlock now this is going to put a lot of suppressor price pressure on the token so this is a risky one in the sense that price is being suppressed so it may not necessarily be the strongest performer in your portfolio within the next few

Months but what I do believe is going to happen at some point this year as the unlock curve uh starts to level out I believe that people are going to start feeling more comfortable jumping into dydx as an investment because more and more tokens are being unlocked and that

Will also coincide with the launch of their V4 which is going to be on their own chain and if that goes well that can be a really strong Catalyst for dydx as well so yeah maybe within the next month or two there’s no rush to buy dydx but I

Certainly think at some point in the year it’s a super strong performer and I do believe at the end of the year we are going to look back assuming you know the market keeps its positive trajectory um and call DX one of the strongest performers underneath the deck narrative

Which of course I do want expose to so that’s why I like DX combined with the fact that technically speaking on the daily and the weekly charts it’s sitting above a very key technical level so despite a lot of supply pressure now coming onto the market with this second

Major unlock it still looks decent from a technical high time frame perspective so clearly watch this major support at $2.70 um watch how DX reacts around this price but this is definitely a level I’d like to play off in terms of a support buying and B if it does break down below

Um when it breaks back above and looks to hold this level that can also be a breakout trade that I end up taking on dydx so this is definitely one on my list for good reason let’s get on to token number three which is Celestia now

I’m a big fan of the modular thesis and Celestia represents one of the only current Bonafide bets in the market that you can make on modula looking in front of you this represents visually how Celestia operates it has its consensus and data layer on top of that you can

Stack on on the cosmos SDK as well as l2s like Manta which I’m also quite bullish on then you have polygon l2s op stack ethereum layer 2s and arbitrum which can all stack on top of Celestia and this is only possible because they are essentially a modular blockchain so

Multiple components um can be stacked onto Celestia and we’re already seeing lots of new applications starting to launch on Celestia because of this you have Eclipse which is using Celestia to post data um this is a new L2 that I really like that’s powered by the Salan virtual machine you of course have

Mantta which we’ll talk about in a second which is a layer 2 protocol building on top of Celestia and overall we’re already seeing decent momentum when it comes to the ecosystem lots of new applications being built air drop farming and new deployments happening all the time so for that reason I like

Celestia now it has pumped a lot in price so for me this is one on dips that I’ll be buying looking at the fdv it’s crazy so if if I just look at the fdv here and look at 14 bill I think wow this is really overvalued but I need to

Kind of snap myself out of this whole fdv game because remember the bull run in 2021 the the market just did not care about fdv because in a bull market all that really matters is the amount of circulating tokens yes investors use fdv to gauge investment potential but

Circulating Supply is more important in the short term and that’s why we saw Queens like salana hit crazy multi billion ftvs and I think we’re going to see it again this cycle so I’m trying not to let FD V deter me from investing in Celestia and that might sound

Counterintuitive but it’s because in a bull run often times the market just doesn’t care and I would not be surprised if the market cap just kept going higher and higher and higher if the market maintains positive momentum um I think Celestia is going to be at the Forefront alongside the other

Popular layer ones like injective I also like injective but for me I put Celestia uh as the third spot on this list and I’ve been lucky enough that I’m still holding my air drop so by now you probably know I post a lot of airdrop content over on Twitter and also saw on

YouTube in 2022 so more than a year ago now on December 1st I outlined Celestia as one of the top aird drops that I was watching and I mean a year later Celestia is now at $14 so any recipient of that airdrop would have made 5 6 78

Maybe even $10,000 I mean I know I have a sizable air drop that I’m still holding on to I’ve been taking profits but longterm I’m still bullish so I’m holding on to my principal position I also shared it again on the 29th of January for anyone that missed out on

That initial post so if you were following me over on Twitter you would have had two opportunities uh where I pointed you towards Celestia as an airdrop that I was going for so congratulations to everyone that did get it if you didn’t the strategy now I

Think is buying on major dips we are currently in an uptrend but remember we do get major pullback still in uptrends so uptrends aren’t constant usually in Haring years and I know this cycle looks a little bit different to previous Cycles but typically in preh harving years and then in the beginning um

Towards the Haring of the harving year we do experience draw Downs of some capacity now maybe this won’t be the 30 40 50% draw Downs that we saw in previous Cycles but you will get opportunities on major dips where there is negative news that comes out when sentiment does turn slightly bearish for

A period of time maybe it’s a week maybe it’s 3 weeks and then this is when you can start positioning yourselves in these coins that you think you may have missed but I also think it’s extremely important to be in strength in the market and this is something that a lot

Of people get wrong they always try long laggards and find the next catch-up play and and find the next rotation play but often times the leaders in the market remain leaders for a reason so let’s say we went into a crazy explosive bull run tomorrow and Bitcoin went to 100K

Tomorrow right just as a thought experiment what do you think are going to be the strongest performers probably salana probably injective and probably and probably Celestia right now as it stands alongside things like avac say these other coins that have been really strong in recent times so if your thesis

Is the market is going to continue upwards it would be remiss of you not to have some exposure to these stronger narratives in the market Celestia being one of them so always make sure you have some exposure to strength that doesn’t mean buying the highs you can still be smart with how

You accumulate dcing on major dips being you know smart with your position sizing Etc U hedging risk but the major takeaway here is that longing strength in the market is often the way to go versus trying to catch that next catch-up rotation play I’m not going to

Officially put Manta in on this list because I wanted to keep this as a liquid list my unreleased list is going to be coming next week but Manta because it’s part of the celestian narrative I thought was a nice honorable mention in today’s video um considering it’s a modular L2 leveraging Celestia’s

Consensus so this is one of the first layer tws actually being built on top of Celestia and it’s one that I’m quite bullish on next year um now for airdrop Farmers I do have an important announcement you only have five more days to take part in the Manta new

Paradigm so Manta new paradigm is essentially manta’s iteration of blast which is an application that allows you to deposit ethereum or stable coins and earn yield on those stable coins in order for keeping them on Manta Pacific now I do think in terms of a manta airdrop itself users and participants of

Manta Pacific which as I said you only have five more days to take part in are going to be favored in terms of an airdrop especially those that build up a lot of points and a lot of tvl so if you’re sitting on the sidelines right

Now one easy thing you could do is simply deposit eth or usdc it’s still your coins and still your ethereum of course deposit it and stake it over on Manta Pacific because this is potentially going to give you access to an airdrop and it also gives you access

To nft airdrops just yesterday night I made $5,000 and obviously you know I’m a Creator so I probably have more referes than your typical user but still I made $5,000 um in terms of nfts that I got aird dropped because they’re running this nft campaign over the next week

Which basically allows you to earn nfts for staking um so yeah you only have five more days to do it if you use the link in the description below my official referral link that gives you direct access to the website to deposit and then you can also join my team as

Well so if you would like to take part in the Matta Pacific new paradigm campaign click the link in the description below and you can deposit ethereum as Mingo says here deposits end on the 31st he’s also a notable airdrop farmer um and he’s depositing there as

Well and I know cc2 who’s another huge airdrop Farmer on Twitter is also depositing as well I just scroll down in his profile here and see uh here he says he made two and FS which are currently trading at $1,181 as a reward for staking ethereum

And he says that it might matter towards a man allocation when the airdrop does come so that’s a little bonus one for you guys but I’ll talk more about some of my unreleased picks cuz the M token isn’t live yet uh in the next video but

Of course that’s the main way to get an airdrop right now now let’s move on to Old Queen pick number two and this is thorchain now if you ask me right now what is the best way for me to swap ethereum to bitcoin onchain in a decentralized manner there’s only really

One protocol that stands out and that’s thorchain so thorchain really fits a need in the market where it’s the one of the only Bonafide working decentralized interoperable exchanges and I just love this narrative in crypto I think it’s so important I think interoperability is should be at the Forefront of our minds

Um when it comes to crypto and thorchain which offers cross chain liquidity and has some amazing protocols built on top of the network it’s just a logical inclusion in my 2024 portfolio now that’s on the narrative side the real reason why run is going to be a main

Stay of my 2024 portfolios because of this in order to facilitate a swap let’s say from ethereum to bitcoin the way Rune works is it has LP so liquidity pools with Rune in the pools so when you swap from ethereum to bitcoin you’re actually swapping eth for Rune and then

It’s swapping that rune for Bitcoin to facil facilitate the swap on the other side so what this means is that at all times in the Omni pools is what they’re called Rune and ethereum Rune and Bitcoin any asset you want to swap needs to be paired one to one in terms of its

Dollar value in order to facilitate that swap but what happens in a bull run is that the ethereum and the Bitcoin prices increase significantly and if run doesn’t catch up in price to these other assets then the pools become unevenly balanced and then you can’t as efficiently facilitate swaps so what

Happens is in order to make sure the Rune price moves accordingly with the ethereum and the Bitcoin price in order to incentivize new deposits to come in to balance things out so enough Rune is in the pool um to balance out with Bitcoin and what they do is they

Increase the aprs on staking Rune so if there’s ever a discrepancy the aprs will jump up which then incentivizes people to come in provide liquidity and balance out the pools what this means is that in order to stake they’re buying up Rune so essentially Rune in a way is a reflexive

Or a leveraged bet on a bull market so if there’s a major bull market and you know that Bitcoin and Ethan not only that but other assets as you can see in front of you are going to explode you know that Rune in order for the application to work it also needs to

Readjust higher in price so it’s a super reflexive mechanism which means tvl doesn’t just scale linearly it scales in a compounding nature because the amount of Rune that needs to be deposited increases alongside the fact that the principal tokens like Bitcoin and E are also increasing so if you believe

There’s a bull market in 2024 or even if you believe there are just going to be periods of bullish expansion look out for Rune because it will be during these periods in my opinion one of the strongest performers and as people start to catch on to this I do think that run

Can be a super strong performer because it not only has a product that’s needed in crypto but it also has the mechanism to make it super successful in terms of price now for this reason if the market ENT bearish conditions Rune can perform Super badly and that’s why it

Experiences draw Downs often times especially in the bare Market greater than other projects look how terrible it looked during this period um in June July August why did it look so bad during this period that was because no one was swapping and there was no network activity and prices were

Relatively low so there was no real reason to hold in Stak run but as protocol activity increased with more swaps and as ethereum Bitcoin increased in price demanding more Rune in the pools it performed really well and it actually ended up outperforming the market so if you’re bullish next year

Rune is a almost a leverage bet on the market whereas if you’re bearish in 2024 you want to be cautious in terms of holding Rune so it really depends what your outlook on the market is my Outlook is that we’re in a bull Trend and when

You’re in a bull Trend you have to play the trend which means being bullish so for that reason run uh has a deserved place in my portfolio I’ve held it for a long time I’ve been dcing throughout the bare Market we have seen signs of Rune

Waking up but this can go a lot higher if the market really rips if you actually think Bitcoin can hit 100K then I mean just watch out for a token like run um it can be extremely explosive and I think market cap Wise It’s not crazy

At a three Bill fully diluted and a 1.8 Bill market cap it’s not cheap but it’s not totally crazy either and for that reason uh it’s in my portfolio now for my number one altcoin pick of today’s video and that is fra share what you need to know about fra is that it’s

Essentially a def by Powerhouse so they have multiple things going for them they have their lending protocol they have a new layer 2 Chain that they’re launching they have exposure to the real world asset narrative as well as the stable coin narrative and they only have a $650

Million market cap to represent this with most of their tokens currently in circulation and their annual emission schedule reduces every single year so frax is a protocol for me that if you’re bullish on defi in general or if you’re just simply bullish on a team that’s shown the propensity to ship amazing

Products throughout what has been a really difficult bare market then fra makes complete sense as a Buy and Hold for 2024 I mean just look in front of you they have their L2 launching in q1 they have their airdrop for fra chain users by the way that you could still

Get involved in if you hold vfxs which is their staked fra token it fits the LSD narrative and the realid asset narrative it had recently had their Haring which reduced uh emissions in half you have a partnership with other major key players in the space for example Trader Joe and the curve founder

Is bullish on B amm which is a new fra standard so I’m extremely bullish in terms of the overall narrative that it encompasses and my conviction in the team to execute on those narratives Sam is an amazing founder he’s done great things over the last year I really enjoy

Listening to his amas and I do believe that fra is a bit of a sleeping giant in in the sense that it hasn’t really moved aggressively in price but it definitely has that upside potential so you can see here technically speaking on the weekly it is holding above this key level at $7

60 but I think once Frack starts moving at some point this year it may not be now it may not be in Feb may not be in March but at some point throughout 2024 I think fra performs really strongly and I just really like overall the balance

It gives my portfolio it gives me exposure to a variety of narratives it balances out the defi section of my portfolio which in recent times has started to be outweighed by a lot of these other l1s and layer 2 so it gives me some nice balance there and it’s also

A project where I really back the team and in crypto the number one prerequisite for a project success is the team the token The Branding the logo all that is a facade what is underneath is the team’s ability to ship amazing products the team’s ability to innovate

To scale and I do believe fra has that in place so it’s one of the reasons why I’m bullish on fracks so that is today’s video of the top five altcoins for 2024 if you do want to purchase any of these altcoins as well as getting access

To the $5,000 bonus 10% deposit cash back and the custom Reward Center which allows you to claim a welcome pack of 1,000 usdt alongside a Fortune Wheel where you can spin and earn more usdt then you can use the link in the description below you’re supporting the

Channel at the same time and you’re also getting access to these sign up bonuses so in my opinion it’s a win-win let me know in the comments below what token you’re most bullish on for the year of 20124 I’ll reply to as many comments as

I can and I’m going to see you in the next video remember the unre released altcoin video is going to be coming next week as well have a lovely rest of your day peace out