Top 3 Altcoins for 2024: Solana, Avalanche, Arbitrum

Crypto Investment Advice: Top 3 Altcoins for 2024Please note that the following variables determined the best cryptocurrencies to buy in in 2024:Market Cap: This list comprises mid-large market capitalization assets to reduce investing risk. Tokens with hundreds of millions in market cap are steady and may be worth the risk, unlike those with lower market caps.Project use case: Since token value depends on compatibility with the burgeoning dApps and Web3 ecosystem, all tokens on this list are backed by credible projects with tenable use cases.Community: A crypto project's success depends on its community and staff. Thus, community participation influences project selection.So, these are the best 3 cryptocurrencies to buy in for the new year.SolanaSolana (SOL), the native token of the Solana Network, pays transaction fees and fuels the network.The decentralized, open-source Solana blockchain network, deployed in 2020, can execute up to 65,000 transactions per second.Since Solana supports smart contracts, various dApps and DeFi protocols may be hosted on it, and its architecture allows it to execute transactions quicker and cheaper than Ethereum.AvalancheAnother Ethereum killer, Avalanche, hasn't seen widespread acceptance like Solana, but it has a robust architecture that guarantees scalability, security, and interoperability.Native Avalanche token AVAX pays network fees and secures the blockchain through staking.A fresh bullish run might boost Avalanche network adoption in 2023, as developers prioritize cross-chain compatibility.ArbitrumArbitrum is an Ethereum Layer-2 chain released in 2021, unlike Solana and Avalanche, which control their own blockchains and confirm transactions without a higher authority blockchain. The Arbitrum coin (ARB) was developed in March 2023, when the crypto market was uncertain. However, it reached an all-time high of $11 per token in March.

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