Expert Opinion: These 3 Altcoins Will Explode in 2024! - Bithubi (2024)

Narratives drive profits in crypto trading. So understanding the grand narratives will help you make money. Which altcoins will change the game for segments and users in 2024? Crypto expert Stu L from the Altcoinbuzz group picks 3 altcoins in his 3 crypto narratives.

Altcoin choice for modular technology: Cosmos (ATOM)

This technology will continue to grow and become huge in crypto. A modular Blockchain is much cheaper, easier and faster to put together and launch than a linear chain. A linear Blockchain like Ethereum does it all. Security, consensus, process execution, settlement. However, a modular Blockchain performs only some of these functions and outsources others.

If you haven’t heard this term before, don’t be intimidated. If you have used a Layer-2 altcoin project before, you have used modular technology before. All Layer-2s on ETH outsource both security and process consensus to the Ethereum Blockchain. There are some differences between the analyses. Arbitrum, Optimism, and other L2 solutions all outsource this work to Ethereum. Stacks uses Bitcoin for security. Layer-2 works in this state.

Celestia is the biggest modular Blockchain story yet for this year. But this is not our favorite choice. We think Cosmos could crush it in 2024, as replicated security gives new blockchains coming online the chance to outsource security cheaply and quickly. So far Cosmos’ only benefit has been as cash and primary gas for the Cosmos Center. And we have seen that many Blockchains can bypass this altogether and use their coins for gas on their own Blockchains. Now, anyone who wants to use Cosmos Hub for security will have to hold a random Blockchain ATOM and pay with ATOM. This is a huge boost to ATOM’s utility. This could easily make Cosmos a top 10 altcoin project by market cap. This means at least 4X from here.

Artificial Intelligence + Blockchain: OriginTrail (TRAC)

Do you remember this image from above? Look at these huge returns from Render and Akash last year. And this is just the beginning for AI and Blockchain. These technologies were created for each other. AI does the mission automatically without a human being involved. Then, through the smart contract, the crypto pays the AI ​​agent without a human being involved. This is a great synergy. We’ve been talking about this synergy that many crypto accounts haven’t talked about since the spring. It seems obvious to us, but the market has not yet caught this idea. And if you can see this now, this is your advantage.

First, a pro tip. Go to CoinGecko, click on Categories, and then click on the category you want to research further, such as AI. I just did it and the AI ​​looks like this. There are altcoin projects with market values ​​ranging from $220,000 to Render with $1.8 billion. Overall, we like almost all the projects listed in the top 10 here. Additionally, we think many will make money.

However, we think it’s OriginTrail that could break out in this cluster. It increased by 257% in 2023. But at the same time, it is 82% below its ATH of $ 3.50. At its current price of $0.73, it would be a 6x return only to return to its previous high. We also like how OriginTrail uses artificial intelligence. He uses this to combat misinformation in the market. Brands can use this for “Verifiable Web” information. This allows people to tell the truth about their brand. This particular AI narrative will soon become very valuable. People can use AI and deepfakes to manipulate information so that people cannot know what is real and what is not. OriginTrail will be at the forefront of this effort.

SNARKs are becoming widespread: Aleph Zero (AZERO)

SNARKs are a way to use zero-knowledge proofs for more adequate security. Tier 2 assays and esp Tier 2 rollups use these frequently. But Tier 1s can also use them. Especially in areas such as the Internet of Things and other applications where the use of SNARKs reduces the computing power required to run processes. Now Polygon also uses zk-SNARKs through the Zero and Hermez projects. But that would be too easy and yet you know we love the project. Here is one of our other best options. This is another altcoin project you’ve seen us cover a little bit: Aleph Zero.

Aleph Zero does not rely solely on zk-SNARKs for privacy, but uses them. Most importantly, it is a privacy-based Blockchain for creating smart contracts. And while there’s certainly some excitement around the project, there’s still plenty of room to grow. Polygon is the largest ZK project with a market value of $10 billion.

Aleph Zero currently has a market value of $407 million. Of course, Polygon is further along in its journey. But Polygon needs to grow, and we expect the potential of all zk-SNARK projects to grow as well. Aleph Zero needs to grow a little more than 20 times to get to where Polygon is now. Can this happen? It certainly could. If markets continue to grow and demand for zero-knowledge technology increases. This, along with the team’s good execution, will make AZERO a good chance to become a multi-billion dollar project.

The opinions and assumptions in the article are those of the expert and are definitely not investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.