What Crypto Will Boom in 2024? Best Coins That Can Do 1000x (2024)

In the dynamic world of cryptocurrencies, everyone is on the lookout for the next big crypto coin that could offer a 1000x return.

As we dig deeper into 2023, the quest for the most promising crypto intensifies, with investors keenly analyzing market trends and potential breakthroughs. This article aims to shed light on the best altcoins to invest in, those that have the potential to be the next big cryptocurrency, and could possibly give you a 1000x return.

From the top 8 altcoins to the new cryptocurrencies worth investing in, we delve into the details, exploring the unique features and potential of each. Whether you’re wondering “which crypto can give 1000x in 2023?” or “which crypto has 1000x potential?”, we’ve got you covered. As we navigate the exciting terrain of the crypto market, we’ll also touch on the ‘best altcoins’, offering a global perspective on the next 1000x crypto possibilities.

So, if you’re ready to discover the next big crypto and the best crypto to buy, read on. This could be your guide to making a significant investment decision in 2023.

Read our updated guide on the most profitable coins to mine.

Best cryptocurrency to invest

Since you have read up to this part, you are probably very eager to find out what could be the next bitcoin or next big cryptocurrency so you can go and buy these altcoins.

Here is a list of the most promising altcoins and cryptocurrencies to buy according to our research that was framed by CoinMarketCap, future scope, demand, and value investment asset.

Tectum (TET) – the best crypto to invest

Tectum, a groundbreaking blockchain platform, is the brainchild of the cybersecurity company CrispMind. Designed as the ultimate Layer 2 solution for Bitcoin and other cryptocurrencies, Tectum aims to resolve the limitations of existing networks like the Lightning Network. Built on the Tectum Layer 1 Blockchain, it boasts an astonishing speed of 1.3 million transactions per second (TPS), making it the world’s fastest blockchain without sharding.

The platform introduces SoftNote, a feature that enables instant, trustless, and decentralized crypto payments at zero cost. SoftNote not only facilitates quick transactions but also creates digital cash, thereby providing unlimited scalability for any blockchain. This innovation is in line with Tectum’s vision of creating a trustless, decentralized, and frictionless monetary system that offers “equal opportunity” for all.

Tectum is more than just the fastest blockchain. This is a comprehensive and decentralized ecosystem comprising products. With over eight years of experience in cybersecurity, the CrispMind team brings a high level of security to the platform. Tectum offers various tokens, including the Tectum Emission Token (TET), an ERC-20 Wrapped TET, and a BEP-20 Wrapped TET, each with its unique functionalities and utilities such as minting SoftNotes and reduced merchant fees. The platform has a well-defined tokenomics structure and multiple revenue streams, including merchant terminal fees and SoftNote minting.

Looking ahead, Tectum has an ambitious roadmap that includes the launch of a SoftNote marketplace, NFT marketplace, and cross-chain integration, among other features. As of now, the platform has minted over 1.4 million SoftNotes and has garnered a user base of 45,000+ wallet holders.

With strategic partnerships and a strong advisory board, Tectum is poised for significant growth in the blockchain space. A perfect example is the integration of the T12 protocol into the Metamask wallet. Following the introduction of this network in the most popular noncustodial wallet, users can send Bitcoin, Ethereum and USDT for free.

For more information, check out their Pitch Deck, Website, Telegram, Twitter, Facebook, Tokenomics, and WhitePaper.

Injective Protocol (INJ) –

The Injective protocol is a blockchain designed specifically for finance, offering an open and interoperable layer-one blockchain for next-generation DeFi applications.

What sets Injective apart is its powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain order book. All forms of financial markets such as spot, perpetual, futures, and options are fully on-chain. Injective also provides a decentralized cross-chain bridging infrastructure that is compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains such as Solana.

Additionally, Injective provides a highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom-built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (10,000+ TPS).

The Injective protocol’s unique features include its start-of-the-art interchain L1, which can achieve ultra-fast speeds while charging zero gas fees. It’s capable of supporting a diverse array of trading and yield generation activities across distinct layer-1 blockchain networks such as Cosmos and Ethereum.

The Injective protocol is governed by its decentralized community, and all new innovations are voted on by a Decentralized Autonomous Organization (DAO) structure. Injective is also the most interoperable blockchain with native connections to Ethereum, Cosmos, Solana, and much more. Finally, the Injective protocol is environmentally friendly, with a 99% lower carbon footprint through its Tendermint PoS consensus mechanism.

Aleph Zero (AZERO)

Aleph Zero (AZERO) is a promising cryptocurrency that focuses on privacy and utilizes a Proof-of-Stake public blockchain with instant finality. It uses a unique Directed Acyclic Graph (DAG)-based consensus protocol that has been peer-reviewed and presented at an ACM conference.

The platform is scalable, fast, and developer-friendly, aiming to solve the issues of security, scalability, and decentralization. Currently ranked as the #126 cryptocurrency by market cap, Aleph Zero has raised $15m for continued development and expansion of the team.

The team is continuously growing and now consists of over 40 individuals contributing towards the network development and adoption. The first version of the Aleph Zero mainnet went live on November 10th, 2021, and the platform plans to enable privacy-enhancing features based on secure multi-party computation research (sMPC) and zero-knowledge proofs (ZKP) in 2023.

Overall, Aleph Zero presents itself as a promising investment option for those interested in cryptocurrency.

ROSE

ROSE is a cryptocurrency that belongs to the Oasis Network, a layer-1 blockchain network that aims to power various Web3 applications, including DeFi, GameFi, NFTs, Metaverse, Data tokenization, and Data DAOs. It is used for transaction fees, staking, and delegation at the Consensus Layer, and those who stake ROSE can earn up to 20% APY rewards while securing the Oasis blockchain.

The current supply of ROSE is 5.03 billion tokens, with a total supply of 10 billion ROSE, and approximately 2.3 billion tokens will be automatically distributed on-chain as staking rewards for securing the network over ten years.

While it is challenging to predict the long-term success of any cryptocurrency project, ROSE has some promising attributes. The Oasis Network is backed by prominent investors and is involved in various new projects around DeFi and Web3, which could potentially boost the token’s price. The Oasis Network’s scalability is also advantageous for DeFi applications, with instant finality, 99% lower gas fees compared to Ethereum, high throughput, and other factors.

The Oasis Foundation boasts a team of highly skilled professionals from top companies and institutions. However, it is important to remember that ROSE is subject to high volatility, and it is crucial to conduct thorough research before investing in any cryptocurrency project.

Synthetix – most promising altcoin

Synthetix is a decentralized synthetic asset platform that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. These synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on Synthetix Crypto Exchange without liquidity limitations. Previously, this project was launched as Havven (HAV), a decentralized stablecoin protocol. The published white paper still refers to the previous project, Havven.

Synthetix is the project that is experimenting with the most progressive idea on the synthetic token and the protocol economy.

We believe that Synthetix is a team that is vigorously testing the protocol economy concept with its SNX token reward model. The participants of the Synthetix platform are being rewarded with SNX, and liquidity providers of Synthetix to liquidity pools such as Uniswap or Balancer are getting SNX rewards. This model, if executed in the right manner, could encourage the network participants to eventually become stakeholders who pursue long-term network incentives. With the introduction of the protocol economy, Synthetix network participants are rapidly increasing. Along with this growth, the token price of SNX also increased significantly. Other projects are joining the wave of the protocol economy too.

Ethereum

Ethereum is a true outlier, and it is the only crypto-currency believed by experts to be able to overtake the Bitcoin Market cap in the near future. Ethereum started in 2013 and had a 40x growth rate over the last two years.

It is a blue-chip coin right now but still definitely worthy of the best cryptocurrency to buy in the 2020 tag.

Its platform allows the creation of a smart contract that runs on a decentralized network and runs exactly as programmed without any possibility of downtime, fraud, censorship, or any third-party interface. The team behind Ethereum is really exceptional. They are doing an amazing job of showing the real potential of Ethereum. Also, the degree of adoption of Ethereum is phenomenal at the moment. Many developers are working on apps that use the potential of smart contracts. If one cryptocurrency can make it big, it’s Ethereum. If it already went over 1000% over the course of a couple of months and it could go 1000% more over the next few months – that much potential this cryptocurrency has.

Read more on what is Ethereum here. Read here where to buy coins and here how to safely store them in a wallet.

Monero

Anonymous / private Bitcoin. Now, you may think, “What are you talking about? The BTC is anonymous already.”  This is a very unfortunate albeit popular misconception. All BTC transactions can be seen by the public, and by giving out your wallet address to someone, the person is able to see all the payments you’ve sent and received. The black market (weapon manufacturers and drug dealers) created a solution for this. They basically created software that mixes your coins with other coins. Nevertheless, the softwareneeds to be trustedandmay not work correctly, which is pretty bad when your freedom depends on it. Monero has a mixing system built in. This makes it perfect for any kind of black market.  A popular darknet market adopted Monero, and this is how the currency got its first big growth boost.

Monero is an open-source, privacy-oriented cryptocurrency and is a member of the best cryptocurrency-to-buy club for a long time. The developers involved introduced this innovative cryptocurrency without setting aside any for themselves. The team has relied on donations and the broader community for further development. Monero was launched in April 2014 – read here more on monero.

Read our updated guide on best crypto wallets here.

Sia Coin (SC)

Sia is a cryptocurrency set to dramatically change the way we look at enterprise cloud storage, and the technology is no doubt set to transform data storage in the future. It has its eyes set firmly on the cryptocurrency market currently dominated by Google, Amazon, Microsoft, and Dropbox.

The use case and very professional and competent team make a good case for SC to be included in the lists of best cryptocurrencies to buy.

Traditional cloud storage services such as DropBox upload customers’ data to a central ecosystem. The data is controlled here and thus exposed to all sorts of shady shenanigans such as personal data misuse, accidental loss, and database breaches.

With Sia, your uploaded files are encrypted, broken up into tiny pieces, and then spread across multiple hosts. This means superior redundancy (multiple copies of your data are securely stored across multiple hosts), ensuring data loss and snooping are no longer a problem.

What makes Sia so great is that anyone can participate and get paid for leasing their spare storage space. This is something many of us have with the price of hard drives being so low. When a host and an uploader connect, a contract is formed. This contract is called a ‘smart contract.’ It allows the renter to receive payments in exchange for their storage space being used.

Given SiaCoin’s potential, we strongly believe it is seriously undervalued. In fact, there are hundreds of other coins out there without a fraction of the usefulness of Sia. Read more on what is sia coin here.

Golem

Golemis built on top of the Ethereum blockchain. Golem is a project run by a group of Polish programmers. It is on track to becoming the world’s most powerful decentralized supercomputer. This supercomputer will process anything from scientific research in academia to rendering the latest blockbuster movies, and once complete, users will have supercomputer processing power at their fingertips.

However, it does not stop there. Golem can also be used to process or mine any ‘big data, for example, identify trends in environmental changes, predict stock market movements, help assess and discover cures and better medical solutions, etc.

Its unlimited use cases are what makes the crypto project exciting. Users earn GNT tokens by leasing unused processing power. These tokens can be re-used on the platform or traded on an exchange at the current market rate.

The technology is currently in its alpha stage. It can be downloaded and installed by anyone. Golem aims to eventually have Smartphones, huge data centers, laptops, and everything in between, contributing to its ever-growing cache of processing power, and with more and more processing power required every day, investing in Golem is a must for investors.

The Investment Process

Buying the Bitcoin with real money on any exchange and then selling the BTC for any currency from the list is the simplest way of investing.

I’ve used Coinbase to purchaseBTCandKrakento purchase other virtual currencies. It is important to note that Kraken has all the pairs from the list.

It is recommended not to keep any significant amount of crypto asset on an exchange. After purchasing the digital currency of your choice, send it to a wallet without an internet connection, and remember to do some research and googling to ensure your storage is secure and solid.

Remember that the biggest points in an investment game are awarded for enduring discomfort, so prepare yourself to not short the investments with yet another market panic.

Also, beware of scam coins like Onecoin, Kashhcoin, etc., because they are here to loot people by showing lucrative returns.

Read our guide on best bitcoin trading bots.

Definition of ‘Altcoin’

The word“altcoin”is an abbreviation of “Bitcoin alternative.” This means that the word „altcoin“ describes every single cryptocurrency except for Bitcoin, and Altcoins are referred to as Bitcoin alternatives since most altcoins hope to either replace or improve upon at least one Bitcoin component.

There are hundreds of altcoins, and more appear every day. Most altcoins are little more than Bitcoin clones, and they do not survive for very long. They only change minor features, such as its hashing algorithm, distribution method, or transaction speed. One exception is Litecoin, which has branded itself as “silver to Bitcoin’s gold.” The reason for that is that, in addition to using a different hashing algorithm than Bitcoin, Litecoin has a much higher number of currency units.

Many Bitcoin enthusiasts argue that altcoins are totally unnecessary. Also, some say that because they cannot rival the infrastructure Bitcoin boasts, altcoins will not succeed. However, altcoins have a significant role. Altcoins allow developers to experiment with unique features, and while it is true that, if the developers or community desires, Bitcoin can copy these features, fully-functioning altcoins are much better “cryptocurrency laboratories” than Bitcoin’s testnet.

What Was the First Altcoin?

Namecoinwas the first altcoin and it created. Namecoin’s primary purpose is to decentralize domain-name registration, which makes internet censorship much more difficult. However, it also functions as a currency.

Bitcoin is still leading the virtual currency pack, even with many close competitors. Newer and more innovative versions are getting launched. They offer modifications in areas like Proof of Stake, privacy, transaction speed, DNS resolution, and more. A few altcoins have become popular, and the rest of them are lesser-known.

Summary – top altcoins

I have written this article with huge research. If you guys want to invest and get a huge profit in the near future, then do it fast. Get started now if you don’t want to be left behind. You have to become stable to get success in crypto trading. That’s why you should invest now, wait and earn. Thank you for reading my article, and I hope you all like my choices.