The 9 Best Bitcoin Alternatives to Buy in 2024

Bitcoin has gained a huge amount of attention in recent years from retail and institutional investors alike, culminating in the asset soaring above the $50,000 mark in February 2024 for the first time in three years.

With this in mind, investors are looking for fresh Bitcoin alternatives, trying to get the jump on the wider community by betting early.

In this guide, we will cover the best Bitcoin alternatives currently available that stand to provide strong returns.

This month we added Dogeverse to our list and removed some older listings

The best alternatives to Bitcoin in 2024

Here is a quick overview of potentially the best Bitcoin alternatives to invest in.

1. Dogeverse (DOGEVERSE): The latest dog-themed meme coin, poised to capitalize on the forthcoming Bitcoin halving event.
2. 5th SCAPE (5SCAPE): The 5th Scape realm bridges virtual reality with ultra-real environments, introducing a suite of games, animations, immersive movies, and digital experiences. The project has also developed its state-of-the-art hardware to heighten the VR experience.
3. Sponge V2 (SPONGEV2): The original Sponge V1, which was the best meme coin of 2023, is back. It now boasts added staking utility and the development of a new play-to-earn Sponge Racer game.
4. Smog (SMOG): Dragon-themed meme coin launched on the Solana network, claiming to offer the greatest Solana airdrop of all time. The $SMOG meme token is multi-chain and can be staked on Ethereum to earn extra APY% yields.
5. eTukTuk (TUK): A sustainable transport solution aimed at bolstering the sustainability of highly polluted cities. This new crypto project aims to reduce carbon emissions by introducing electronic tuk-tuks and a dedicated network of charging stations.
6. Bitcoin Minetrix (BTCMTX): A new ERC20-based token that introduces stake-to-mine features, allowing anybody to remotely participate in Bitcoin mining. This crypto presale is proving popular, having raised close to $13 million.
7. Solana (SOL): Solana is a layer 1 blockchain and one of the best altcoins to invest in, ranking among the top five cryptocurrencies by market cap. Solana is a different type of cryptocurrency in that it uses the Rust programming language for the development of dApps.
8. Tether (USDT): Tether is the most utilized stablecoin in the cryptocurrency market and is one of the best altcoins in the event of a bear market. USDT is stably pegged against the US Dollar and is considered a good crypto to exchange when needing to divest volatile crypto assets.
9. Cardano (ADA): Cardano is one of the first and most successful blockchains to utilize the proof-of-stake consensus model. This blockchain promotes advanced decentralization and efficiency in blockchain transactions.

A closer look at the best $BTC alternatives in 2024

Here is a more detailed look at our picks for the best Bitcoin alternatives to buy in 2024.

1. Dogeverse (DOGEVERSE): Multi-chain, dog-theme coin poised for explosive growth

With previous dog-themed projects such as Dogecoin and Shiba Inu having enjoyed explosive growth, Dogeverse is looking to tread a similar path, but with a key twist.

Indeed, Dogeverse is set to become the first ever meme coin project with availability across six different blockchains. The token is currently available on the six most active blockchains after Bitcoin – Ethereum, BNB Smart Chain and Polygon, with Solana, Base and Avalanche to follow shortly.

Meet #Cosmo! 👋

The world’s first chain traveling #Doge! 🐕🌌

You can now get $DOGEVERSE on any of the chains:#Ethereum 🌐#BNBSmartChain 🔗#Polygon 📦

Coming soon too…#Solana ☀️#Avalanche C-Chain ❄️#Base 🚀 pic.twitter.com/hVOd5dww1D

— DogeVerse (@The_DogeVerse) April 8, 2024

While the developers have not been specific about how this was achieved, the official Dogeverse website says that the token is “utilizing superior bridging technology”.

Timing is everything with this project. Not only does the dog-theme give it an immediate advantage in terms of growth, but the token has been strategically launched with both Doge Day and the Bitcoin halving event on the horizon. These are factors that could contribute to replicating the astronomical growth seen by other dog-themed coins in recent years.

Visit the Dogeverse website to view resources such as the project roadmap, tokenomics breakdown ‘how to buy’ instructions, and whitepaper.

2. 5th SCAPE (5SCAPE): Immersive VR realm with games, animations and ultra-real digital experiences

The 5th Scape realm claims to bring ultra-realistic environments for gaming, movies, animations, interactive e-learning, and digital experiences.

The project is also promising a line of proprietary hardware which includes the ‘Ultra VR Headset’ and the motion-reactive ‘SwiftScape VR Chair’.

This project is evolving the VR gaming landscape, branching out into other forms of entertainment such as animations and digital experiences. We envision a hyperreal metaverse world where users can go on digital sightseeing tours from the comfort of their own homes.

For users looking for the best bitcoin alternative to invest in, the 5th Scape presale is currently live and tokens can be obtained for $0.00285.

3. Sponge V2 (SPONGEV2): The 100x meme coin is back, adding play-to-earn and staking utility

The original Sponge V1, which was the biggest meme coin in 2023, is back. This 100x meme coin is now bridging over to SpongeV2, which adds extra staking utility and a play-to-earn racing game.

SpongeV2 is not holding a traditional presale and users must stake-to-bridge SPONGEV1 tokens over to version 2.

The project adds a new staking utility whereby users can earn positive APY rewards. Staking SpongeV2 on Ethereum currently offers 167% APY, while staking on Polygon offers over 360% annual rewards.

Although past performance can never indicate future price action, we cannot look past the historical 100x that Sponge token gave to early contributors. The SpongeV2 community on social media is anticipating a possible 100x repeat with this second coming of the notorious Sponge.

This is one of the best meme coins available today, and is therefore one of the best Bitcoin alternatives as well.

4. Smog (SMOG): Multi-chain meme token offering community members the “greatest Solana airdrop of all time”

Smog is one of the newest meme altcoins to land on the Solana blockchain. This new multi-chain alternative cryptocurrency is offering cryptocurrency enthusiasts what it calls “the greatest Solana airdrop of all time”.

The project was released via fair launch and holding the $SMOG token qualifies users for airdrop points. The $SMOG token also has multi-chain functionality, offering staking utility and allowing users to potentially earn extra annual rewards.

The total supply of $SMOG is 1.4 billion tokens, with 50% allocated to marketing, 35% allocated to airdrop rewards, 10% reserved for centralized exchange launches, and the remaining 5% reserved for liquidity provision on decentralized exchanges (DEX).

With huge investment and community support, Smog looks set to be one of the best Bitcoin alternatives to buy in 2024.

Users can buy $SMOG on the Solana-based Jupiter Dex or by visiting the official presale website.

5. eTukTuk (TUK): Sustainable transport initiative that assists developing nations in reducing carbon emissions

eTukTuk is an eco-conscious initiative that aims to reduce carbon emissions in developing nations by implementing a new green transport infrastructure from the ground up. This project will introduce electric tuk-tuks to underdeveloped cities where tuk-tuks are a primary polluting vehicle.

Through onboarding drivers to the eTukTuk transport system, drivers can affordably make the switch to eTukTuks and also earn $TUK tokens by playing the real-life drive-to-earn game. Drivers can earn $TUK tokens for completing taxi journeys in a timely fashion.

eTukTuk will also introduce a network grid of power charging stations that will be strategically positioned around the city to ensure access to sustainable energy for citizens’ vehicles and to power the fleet of eTukTuks.

The project’s native $TUK tokens can also be used within the ecosystem to pay for charging power, staked to earn extra $TUK, and locked into power-staking contracts to share a portion of EV charging fees.

6. Bitcoin Minetrix (BTCMTX): Stake-to-mine protocol making Bitcoin mining more accessible

Bitcoin Minetrix is a new cryptocurrency project that introduces an innovation in cloud mining. This web3 protocol allows anyone to get involved in Bitcoin mining from their computer or smartphone.

At the center of the project is the native $BTCMTX token which provides users with stake-to-mine utility. It tokenizes cloud mining, utilizing the power of smart contracts to provide a secure and transparent way for anyone to mine Bitcoin.

If you are looking for an alternative way to obtain Bitcoin, Bitcoin Minetrix presents a viable way to participate in mining without the extensive infrastructure costs required to start a mining operation.

The Bitcoin Minetrix presale has proven popular among the crypto community, having already raised over $13 million. There is an ongoing $30K Minedrop campaign where 10 lucky winners can win $3,000 worth of $BTCMTX tokens.

7. Solana (SOL): Layer 1 blockchain built for dApp developers that promotes efficiency in transaction costs

Solana is a layer 1 blockchain protocol that was specifically designed with dApp developers in mind. One highlight feature of the Solana blockchain is how cheap the transactions are, with DeFi token swaps only costing $0.002.

The Solana community has grown stronger over the months, and most recently the spotlight was on Solana DeFi coins that are traded on SOL-based decentralized exchanges. The crypto community flocked to the Solana DEX platforms to trade in various Solana-based meme coins.

This birthed the rise in meme stock coins such as $NVIDIA, $BLOCKBUSTER, $AMD and $GME. The most notable pump was from the unofficial GameStop-themed meme stock, of which the price increased more than 10-fold.

Solana’s price is currently topping $100 despite sitting at around $25 just one year ago, and is officially a top-five coin by market capitalization. Based on this, SOL is clearly a worthy Bitcoin alternative.

8. Tether (USDT): The most popular stable coin in the crypto market

Tether is the crypto market’s most widely used stablecoin, guaranteeing a 1:1 peg to the US Dollar. The project has to undergo regular audits throughout the year to analyze how liquid its treasury is, checking that assets held can match that of the Tether supply.

This safe-haven crypto asset is a perfect alternative crypto. Some traders utilize Tether as a stablecoin to jump in and out of when swing trading, while some will use it as a hedge to stabilize a portfolio, underexposing it to volatile assets.

USDT is the native token of Tether and has been launched across several public blockchain networks. Users can buy, transfer, and swap USDT on Ethereum, Tron, Solana, Binance BNB Chain, Polygon Matic, and other layer 2s.

9. Cardano (ADA): The most decentralized crypto using the proof-of-stake consensus

Cardano is known as one of the first blockchains to utilize the proof-of-stake consensus model. The project was birthed by Charles Hodgkinson, who was a co-founder of Ethereum. Hodgkinson realized early on that Ethereum would have scaling issues, and the current proof-of-work consensus could see the network becoming overflooded with transactions.

This is exactly what happened in 2021 with the rise of the CryptoKitties, when Ethereum gas transactions were costing 100’s of dollars.

Cardano’s proof-of-stake consensus was the first to be peer-reviewed having independent audits conducted by third parties. The blockchain promotes efficiency in transaction speeds and costs, being able to process up to 1,000 transactions per second.

Cardano has not had a major rally for a couple of years, and its latest updates and smart contract development capabilities are just seeing the ADA ecosystem grow in more recent times. For investors seeking top altcoins that are still under $1, Cardano is a token to add to that list.

Why invest in top altcoins in 2024?

You may be curious as to the rationale for investing in different cryptocurrencies and Bitcoin alternatives. Well, there are a select few reasons which we cover below.

Diversify your portfolio

Diversification is key to not having all your eggs in one basket. Diversifying a crypto portfolio will allow users to allocate funds to different risk levels.

Some investors like to keep a portion of their portfolio in stablecoins which can hedge against price volatility in Bitcoin or other invested cryptos.

Earlier point of entry

Being exposed to other top altcoins can prove beneficial in the long run should the token see major price increases.

Participating in some of the best crypto presales is always a good way to get early price entry into some of the top Bitcoin alternatives.

Greater utility

Bitcoin has long held the top spot as the crypto market’s number-one store of value. However, it lacks utility features, as with other coins like Solana.

Solana allows users to develop dApps on the chain which bolsters its ecosystem, bringing more utility to the Solana token itself. You can check out some of the top cryptos with utility to look out for.

Methodology

Our review process sees a multitude of analysts spend at least three hours researching each project. They conduct thorough analysis on the project whitepapers, analyzing the tokenomics and exploring the various community socials to gauge the market sentiment surrounding each project.

FAQs

References

• www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html
• jup.ag/swap/FS66v5XYtJAFo14LiPz5HT93EUMAHmYipCfQhLpU4ss8-So11111111111111111111111111111111111111112
• decrypt.co/214781/gamestop-meme-coin-solana-pumps-357-following-gaming-giants-nft-exit