9 Altcoins to consider during the crypto market downturn

A popular crypto YouTuber and analyst, Matt, revealed the top 9 altcoins in 2024 that will bring potentially high returns even as the crypto market faces a major downtown.

Matt is optimistic about the following altcoins, considering their historical market behavior, and is expecting 100x gains for almost all altcoins mentioned below –

Solana – Positioned as one of the top 5 cryptocurrencies by market cap, Solana is expected to experience a surge of $700 to even $1000 by the end of 2024 due to the rising popularity of trading meme tokens, according to Matt. Currently trading at $154.21, Solana is every investor’s favorite token of the year.

Avalanche – Matt has explained the appeal for Avalanche in 2024 as numerous games are being developed on the Avalanche traction along with the partnership between the network and Amazon. This can hugely benefit the potential gaming industry, leading its prices to rise to skyrocketing levels. It is positioned at 11 by market cap, trading at $38.13, projecting a 4.5% increase in the last 24 hours.

Chainlink – What is this defined as the crypto market’s “underrated dark horse”, Chainlink acts as an oracle that validates prices for other blockchain networks. Chainlink is expected to integrate into the mainstream financial segment with CCIP, bringing considerable profits to LINK investors. It currently ranks 16 by market cap, trading at $14.5, projecting an increase of 4.01% in the last 24 hours.

Polygon – Ethereum’s one of the largest and first layer 2 solutions, Polygon features lower transaction fees and scalability that make it an essential part of any investor‘s portfolio. This is what Matt believes will drive the token’s project to gains of more than 100x. It is trading at $0.7475, a 6.79% increase in the last 24 hours.

Arbitrum – Matt considers Arbitrum another promising crypto investment for the year, considering its function in addressing the scalability issues of the Ethereum blockchain network. It is another layer 2 solution on Ethereum that currently ranks 36 by market cap and trades at $1.24, with a 10.90% increase in the last 24 hours.

Render – As the AI space gains more traction, Render’s RNDR emerges as the most robust contender in the crypto market. Matt estimates substantial potential for the Render investments, given its position in the AI industry. RNDR ranks 31 by market cap and trades at $9.35, with a whopping rise of 16.82% in the last 24 hours.

Fetch.AI – Render and Fetch.AI are positioned at the same level, according to Matt, but the latter is more inclined to have “stupid high potential” because of its link with AI. At the 50th position by market cap, Fetch.AI is trading at $2.30, with a 4.75% increase in the last 24 hours.

Injective – Matt praised Injective for its role within the Cosmos ecosystem and its potential after witnessing a major price drop below $30, indicating a good buying opportunity. Injective is the 44th cryptocurrency by market cap, with a trading price of $26.60, projecting an increase of over 3.32% in the last 24 hours.

Celestia – Another token from the Cosmos ecosystem, Celestia provides users with staking opportunities and has witnessed a price drop recently, making it one of the most attractive investment options for the year. Ranked in the 53rd position, Celestia currently trades at $10.25, with a fall in its price by more than $10 in the last 24 hours.

While these 9 altcoins pose prospective investment options for 2024, according to Matt’s analysis, note that even with these crypto market suggestions and expertise, investors must carry out extensive research and due diligence before investing in any cryptocurrency.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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