It has been a rather uneventful year for Bitcoin-the gold among cryptocurrencies, that is currently grappling to stay above $55k resistance, after having experienced a major dive down.
But amidst such gloomy times, altcoins have emerged to be the beacon of hope in the crypto ecosystem, as they continue to perform beyond expectations in the Q3 and Q4 of 2024.
While there is no denying that Bitcoin will keep occupying the king’s throne for the coming many years, the altcoins are not far behind, as they have started attracting a wider customer base thanks to the advanced technology on which they are built. Exciting projects like Artemis Coin are a stark example of the popularity of altcoins in the crypto ecosystem.
What sets apart Artemis Coin from other altcoins in the market is its long term vision to turn into world’s largest decentralized exchange where buyers and sellers across the globe can interact in a secure, transparent manner, with minimal costs incurred. Touted as the next ‘’Amazon and Ebay” of decentralized finance, Artemis Coin offers a never before experience to users with its advanced technology and exclusive utilities. For more information on the project, please check the website link.
In this article, we will list the top reasons why Altcoins are better suited to outperform Bitcoin in 2024.
Top five advantages Altcoins have in 2024
Advanced Technology
Many altcoins are built on more advanced blockchain technologies that offer enhanced features such as faster transaction speeds, lower fees, and improved scalability. For instance, cryptocurrencies like Ethereum 2.0 and Solana have implemented solutions that significantly enhance their usability and efficiency. As the demand for faster and cheaper transactions grows, these altcoins may attract a broader user base, ultimately leading to increased market share.
Buzz among Investors in Crypto-sphere
Institutional interest in altcoins is on the rise. As the crypto market matures, more institutional investors are diversifying their portfolios beyond Bitcoin. This influx of capital can lead to increased liquidity and market activity for altcoins, further driving their prices up and potentially outperforming Bitcoin.
Regulations support Altcoins
As regulatory clarity improves in the cryptocurrency space, altcoins that comply with new regulations may see increased adoption. Bitcoin has established itself as a compliant asset; however, many altcoins are actively working to align themselves with regulatory frameworks. This compliance can lead to a more stable investment environment for altcoins, potentially making them more attractive than Bitcoin.
Bitcoin reaching market saturation
Bitcoin’s market cap is significantly larger than that of altcoins, leading to a saturation of its growth potential. As institutional and retail investors pile into Bitcoin, the returns on investment may diminish. In contrast, altcoins represent a more nascent market with greater room for growth. As investors seek to capitalize on this potential, we may see a shift towards altcoins, allowing them to outperform Bitcoin in 2024.
Strong Community Support
A strong ecosystem can lead to greater utility and demand for a cryptocurrency, allowing altcoins to outperform Bitcoin in terms of adoption and price appreciation. Many altcoins have passionate communities that contribute to their growth through development, marketing, and adoption efforts. For instance, projects like Artemis Coin, Cardano and Polkadot have robust development teams and active community engagement, fostering innovation and adoption.
Conclusion
As 2024 reaches its Q4 phase, all eyes are glued on various altcoins that continue to outperform market expectations, bagging handsome investments and massive fan following. Whether altcoins will outperform Bitcoin in coming months will depend on how welcoming the market will be to radical changes in the crypto ecosystem. Artemis, one of the best crypto presales right now is highly recommended as an altcoin.
