Given that the altcoin rally is getting underway thanks to the bullish momentum being witnessed in the crypto market, these altcoins have set the ball rolling as the main Bitcoin (BTC) contenders in 2024!
1. Borroe Finance ($ROE)
Borroe Finance has been stirring a buzz in the crypto sector based on its quest to change odds in the Web3 sector through its innovative peer-to-peer (P2P) marketplace.
Specifically, Borroe Finance enables Web3 players to mint their future earnings as non-fungible tokens (NFTs) that they sell off on the network’s marketplace to get instant cash needed to fund their projects.
As a result, Borroe Finance is materializing as one of the viral token launches that are making a name for themselves in the crypto space.
Since Borroe Finance’s long-term objective is lowering the barrier to entry in the Web3 space, it is showcasing itself as one of the best cryptos to invest in, given that its governance token called $ROE is witnessing a remarkable adoption rate.
For instance, more than 240 million $ROE tokens have been purchased at presale, with at least $2.9 million raised.
Therefore, Borroe Finance’s success goes beyond hype-driven coin offerings because it presents a real-world utility of onboarding more Web3 players, making it an altcoin that is worth a keen eye.
2. Chainlink (LINK)
Having already crafted a name for itself as one of the leading decentralized oracle networks, Chainlink is one of the altcoins to watch.
LINK recently soared by 60% as the thirteenth-largest cryptocurrency based on market cap continues to trade above $19.00, which is materializing as a major support level.
Chainlink was hovering around the $19.53 zone at the time of writing, according to CoinGecko data.
3. Solana (SOL)
Solana has been attracting significant investor interest because it is showcasing itself as one of the top crypto coins.
With community-driven memecoins recently taking center stage in the crypto sector, the Solana Ecosystem was one of the primary beneficiaries thanks to meme coins like BONK skyrocketing in price.
Therefore, Solana is expected to continue with this bullish momentum in 2024 based on its innovative framework that renders incredible efficiency and transaction speed.
In 2023, Solana experienced a near tenfold increase in its price, depicting its high appeal in the crypto space.
4. VeChain (VET)
VeChain is materializing as a strong contender in the crypto sphere because it’s a remarkable ecosystem for enterprise-grade L1 smart contracts.
As a result, VET has been in the spotlight thanks to its bullish market sentiments.
VeChain continues to tick based on its proof of authority (PoA) consensus mechanism, whereby identity comes in handy when validating transactions and the development of new blocks.
VeChain was up by more than 55% in the past month to hit $0.04414 at the time of writing, according to CoinGecko.
5. Cardano (ADA)
With Cardano continuously cementing its status as one of the top blockchains in the development arena, this crypto is stealing the limelight in terms of GitHub commits.
As a result, Cardano is proving to be a network of choice when it comes to Dapp (Decentralized Application) development and smart contracts’ verification.
Cardano was up by 28% in the past 2 weeks to hit $0.6277, according to CoinGecko.
6. Internet Computer (ICP)
With the Internet Computer (ICP) standing out as a revolutionary blockchain project that intends to spur scalability and speed on the web, it has overtaken Polkadot and Cardano to become the most developed project in the past month.
Source: Santiment
Therefore, ICP is set to continue calling the shots in 2024 based on one of its distinctive features called Consensus and Chain Key Technology.
7. Tron (TRX)
With Tron emerging as the network that hosts the biggest circulating supply of stablecoins, TRX is set to continue making incredible strides in 2024.
Tron’s verification system is top notch thanks to its delegated proof-of-stake (PoS) framework.
Tron is already enjoying an annual return of 94%.
Learn more about Borroe Finance ($ROE) here:
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