Recent weeks have seen a dip in the price of many crypto coins, including the dominant player Bitcoin, which has now seen its price tumble below the $40,000 mark. While no crypto fan wishes to experience a bearish cycle, some crypto enthusiasts see this as a chance to scope up some top-rated crypto assets at a huge discount.
The crypto market has changed over the last few years, and new coins have emerged now offering newer tech and more diverse features for different crypto fans looking for a digital coin they align with. Today, we’ll take a look at some of the most popular cryptocurrencies the market is eyeing on, bringing special attention to a young entrant, called ApeMax.
Trending Crypto to Watch during The Crypto Dip
- ApeMax (APEMAX) – Brought the novel “Boost-to-Earn” protocol to the blockchain.
- Siacoin (SC) – Decentralized storage renting with Siacoin.
- FTX Token (FTT) – Fees & voting rights on FTX crypto exchange.
- Injective (INJ) – Crypto on Cosmos blockchain focused on DeFi.
- Optimism (OP) – Faster & cheaper Ethereum transactions.
- Pyth (PYTH) – Real-world data for blockchain applications.
Deep dive into 2024’s Hot Coins
Since its launch in 2023, ApeMax has taken the spotlight with its inventive features and impressive tokenomics, capturing the interest of both new and experienced crypto enthusiasts. The innovative “Boost-to-Earn” staking system enables token holders to stake coins on entities they believe in within the Web3 space with the possibility of earning rewards.
Additionally, this new coin eliminates minimum requirements and lock-in periods, ensuring that buyers gain immediate access to their tokens upon purchase. Presently, ApeMax’s presale is offering limited-time discounts through Early Bird Loot Boxes. ApeMax has over 10,000 token holders and over 4.1 billion tokens staked.
Siacoin lets you rent it out to others for decentralized cloud storage. Think Airbnb for your terabytes, with Siacoin as the currency. Secure, private, and cheaper than traditional cloud giants, Siacoin empowers you to be your own storage provider.
FTX is a cryptocurrency exchange known for offering a wide range of trading products. It’s designed for both professional trading firms and first-time users, with a focus on providing an intuitive, user-friendly experience combined with advanced trading features and tools.
Injective is a decentralized exchange (DEX) protocol built on the Cosmos blockchain that uses an order book model for trading. It offers features such as cross-chain margin trading, derivatives and forex futures trading.
Optimism is a Layer 2 scaling solution for Ethereum focused on scalability and efficiency by utilizing Optimistic Rollups. This technology allows for faster and cheaper transactions than Ethereum’s mainnet, while still maintaining security and compatibility with Ethereum’s ecosystem.
Pyth Network, a decentralized oracle, provides real-time market data to blockchain applications across multiple blockchains. Pyth directly sources data from major financial institutions like Jane Street and Binance.
What is a “crypto dip”?
A “crypto dip” refers to a sudden decrease in the value of cryptocurrencies. During a crypto dip, the prices of various digital currencies, such as Bitcoin or Ethereum, experience a noticeable decline. Market fluctuations, external factors, and investor sentiment can contribute to these downturns. Crypto enthusiasts often monitor these dips closely, looking for what to buy at lower prices, what to sell, or make other strategic decisions depending on the market sentiment.
Why do altcoins exist?
Consider altcoins as the dynamic successors to Bitcoin, each fulfilling a crucial role in the broader blockchain ecosystem. Essentially, many altcoins aim to address limitations of Bitcoin, incorporate new features, or provide novel technologies. For instance, the oracle network Pyth, connects real-world data with blockchain applications. The high-speed Sol platform prioritizes scalability and transaction speed. Meanwhile, ApeMax introduces innovative methods for users to stake entities they favor.
Closing Thoughts on Top Altcoins Before the Crypto Dip
In sum, the crypto landscape in early 2024 is brimming with a diverse array of altcoins that bring innovation and variety to the blockchain space. With so many options out there, there’s more to digital currencies than Bitcoin and Ethereum, each catering to different needs and individuals.
Disclaimer: This article does not provide any financial or investment advice. Like with all cryptocurrencies, it’s important to do your own research and know the risks involved in this volatile market. Subsequently, crypto may not be suitable for everyone.