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3 Altcoins That Can Easily Double in 2024
The second half of 2024 could prove explosive for Bitcoin and the entire crypto space. With tens of thousands of altcoins to choose from, here are a few I’m buying with the goal of at least doubling by the end of the year.
Image from ChatBox
One month ago, I wrote an article about trying to 10X a crypto airdrop I received: Can I 10x My Airdrop? Two Coins for Starting My Journey. I lost about 10% on my initial memecoin buys but luckily flipped my loss into a winning wager that Biden would not be the Democratic Nominee (Can I 10x My Airdrop? Update and New Strategy). Since Biden did drop out, I am now sitting at 3X my initial airdrop. However, I still need a 3.3X on my funds to reach my goal. And the obvious place I’m searching for this 3.3X is the altcoin market.
My easiest (and riskiest) choice would be to throw my funds into memecoins. While I’m extremely bullish on memecoins, I am choosing to avoid memecoins in this experiment for the following reasons:
I already hold several memecoins- Read about my highest conviction ones here: Win A Jackpot With These 3 Memecoins
I want to own assets with more downside protection to protect my massive one-month gains. The three altcoins I will discuss have had a tough few months, and I am optimistic they can fly if the crypto market heats up.
I want exposure to different narratives. By investing in three different categories, I may find success if only one of them takes off. Under the right circumstances, a 10X is possible with these altcoins.
Coin #1: Zeus Network $ZEUS
Current market cap/price per token: $48M/$0.2864
Chain and Token Address: Solana ZEUS1aR7aX8DFFJf5QjWj2ftDDdNTroMNGo8YoQm3Gq
Zeus Network is a second layer built on Solana that will allow investors to transfer liquidity from Bitcoin to the entire Solana network. This added Bitcoin use case will allow Bitcoin owners to potentially earn yield from their Bitcoin, loan it out, and use it in various ways that aren’t currently available on the Bitcoin network.
Currently, Zeus Network is in the early stages of the project. There isn’t a public testnet today, so I am purely speculating. However, some of the biggest names in crypto are angel investors and VC investors on this project:
From the Zeus Network whitepaper
A project that the co-founder of Solana backs adds significant credibility to Zeus Network. These three guys don’t need to dump their coins as soon as they are unlocked since they probably already have significant wealth.
Finally, Zeus Network gives me exposure to the Solana ecosystem. I’m bullish on Solana, and it needs to be more than just a shitcoin casino. If Solana increases in price, I believe $ZEUS will do so faster.
I did write an article mentioning Zeus Network this month: 3 Altcoins You Will Regret Not Owning if a Solana ETF is Approved. Since then, the price of $ZEUS has gone up 50%.
Coin #2: Solidus Ai Tech $AITECH
Current market cap/price per token: $89M/$0.1287
Chain and Token Address: Binance Smart Chain 0x2d060ef4d6bf7f9e5edde373ab735513c0e4f944
Earlier this year, the entire crypto AI space took off. Over the past few months, most AI projects have given back all of their gains. Most AI projects will be worthless in the next bear market. Very few of them have a sustainable model or are shipping any solutions.
A few things differentiate Ai Tech from many of the other AI projects. I appreciate that the team is Doxxed (almost impossible to find in a Binance Smart Chain project), and they have an aggressive roadmap and solid tokenomics that require staking if investors want to participate in the launchpad. Further, besides having ‘AI’ in its name, the project touches on several buzzwords in the AI space. Here’s from the whitepaper:
From the Ai Tech whitepaper
AITECH is down 74% from its March peak. There are over 36,000 token holders (a high number), and I could see it (hopefully) getting a Binance listing. However, this is pure conjecture. After watching this project, I am glad I can get under $0.15.
Coin #3: AIOZ Network $AIOZ
Current market cap/price per token: $630M/$0.571
Chain and Token Address: Ethereum 0x626e8036deb333b408be468f951bdb42433cbf18
My third coin is in the DePin (decentralized physical infrastructure) sector. After watching the gigantic Crowdstrike debacle, the DePin narrative will gain steam in this crypto cycle. AIOZ network launched its token in 2021, so it has the longest existence of any project mentioned here, and nearly all of its tokens are in circulation.
My primary reason for investing in $AIOZ is that many influencers are shilling it. It is traded on Coinbase and has ‘AI’ in its name. Its $630M market cap puts it in a sweet spot, and if it can break through the $1 area solidly, I can see this coin taking off.
Key Takeaways
I like that all three tokens are trading for less than $1. Ordinary retail investors typically enjoy buying many coins at a lower cost per coin. Also, they are all on large chains with many users and adoption.
I’m confident these three coins will help me hit my 10X goal for my airdrop. If nothing else, I think I will be able to sell them and still retain some of the gains I have already earned.
Thank you for reading this. If you enjoyed it or if it opened your eyes to new projects, please clap for it.
I own a position in all of the coins mentioned here. This information should not be taken as investment advice. I am no more qualified to give financial advice than to dance like a ballerina. Digital assets like crypto and NFTs involve risk, so you should always perform due diligence before investing.
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