The 12 Best Bitcoin Alternatives to Buy in 2024

Bitcoin has gained a huge amount of attention in recent years from retail and institutional investors alike, culminating in the asset soaring above the $50,000 mark in February 2024 for the first time in three years.

With this in mind, investors are looking for fresh Bitcoin alternatives, trying to get the jump on the wider community by betting early.

In this guide, we will cover the best Bitcoin alternatives currently available that stand to provide strong returns.

This month we added Sealana, WienerAI, Mega Dice Token and 99Bitcoins to our list and removed some older tokens.

The best alternatives to Bitcoin in 2024

Here is a quick overview of potentially the best Bitcoin alternatives to invest in.

1. Dogeverse (DOGEVERSE): The latest dog-themed meme coin, poised to capitalize on the forthcoming Bitcoin halving event.
2. Sealana (SEAL): The latest meme coin to capitalize on the animal token craze, Sealana is a shitcoin with the potential to be the biggest Solana project of 2024
3. WienerAI (WAI): Fusing the world of meme coins with cutting-edge technology, WienerAI is harnessing AI technology to offer a crypto trading bot as part of its offering
4. Mega Dice Token (DICE): The brand new, native cryptocurrency of Mega Dice, a highly-successful online gambling platform with more than $50 million wagered monthly.
5. 99Bitcoins (99BTC): A new token introduced by the established crypto education brand of the same name. Wide range of exclusive token holder rewards available.
6. 5th SCAPE (5SCAPE): The 5th Scape realm bridges virtual reality with ultra-real environments, introducing a suite of games, animations, immersive movies, and digital experiences. The project has also developed its state-of-the-art hardware to heighten the VR experience.
7. Sponge V2 (SPONGEV2): The original Sponge V1, which was the best meme coin of 2023, is back. It now boasts added staking utility and the development of a new play-to-earn Sponge Racer game.
8. Smog (SMOG): Dragon-themed meme coin launched on the Solana blockchain network, claiming to offer the greatest Solana airdrop of all time. The $SMOG meme token is multi-chain and can be staked on Ethereum to earn extra APY% yields.
9. eTukTuk (TUK): A sustainable transport solution aimed at bolstering the sustainability of highly polluted cities. This new crypto project aims to reduce carbon emissions by introducing electronic tuk-tuks and a dedicated network of charging stations.
10. Solana (SOL): Solana is a layer 1 blockchain and one of the best altcoins to invest in, ranking among the top five cryptocurrencies by market cap. Solana is a different type of cryptocurrency in that it uses the Rust programming language for the development of dApps.
11. Tether (USDT): Tether is the most utilized stablecoin in the cryptocurrency market and is one of the best altcoins in the event of a bear market. USDT is a stablecoin pegged against the US Dollar and is considered a good crypto to exchange when needing to divest volatile digital assets.
12. Cardano (ADA): Cardano is one of the first and most successful blockchains to utilize the proof-of-stake consensus model. This blockchain promotes advanced decentralization and efficiency in blockchain transactions.

A closer look at the best Bitcoin alternatives in 2024

Here is a more detailed look at our picks for the best Bitcoin alternatives to buy in 2024.

1. Dogeverse (DOGEVERSE): Multi-chain, dog-themed coin poised for explosive growth

With previous dog-themed projects such as Dogecoin and Shiba Inu having enjoyed explosive growth, Dogeverse is looking to tread a similar path, but with a key twist.

Indeed, Dogeverse is set to become the first ever meme coin project with availability across six different blockchains. The token is currently available on the six most active blockchains after Bitcoin – Ethereum, BNB Smart Chain and Polygon, with Solana, Base and Avalanche to follow shortly.

While the developers have not been specific about how this was achieved, the official Dogeverse website says that the token is “utilizing superior bridging technology”.

Timing is everything with this project. Not only does the dog theme give it an immediate advantage in terms of growth, but the token has been strategically launched with both Doge Day and the Bitcoin halving event on the horizon. These factors could contribute to replicating the astronomical growth seen by other cryptocurrencies with similar themes in recent years.

Visit the Dogeverse website to view resources such as the project roadmap, tokenomics breakdown ‘how to buy’ instructions, and whitepaper.

2. Sealana (SEAL): New “chubby” seal-themed token that soared to $2.5 million in less than one month

While several coins on this list come equipped with various utility and staking features, Sealana breaks this mold by offering neither. Quite simply, this new meme coin is targeting explosive, viral growth.

The project is themed with a “chubby” seal, animated in the style of beloved comedy series South Park. The backstory is that the seal has “abandoned the figure of his youth” by sitting at his PC trying to find “the next big Solana meme coin”.

In addition to its amusing and eye-catching branding, $SEAL’s viral potential comes from following in the footsteps of similar, Solana-based meme projects that have exploded in 2024, with projects such as $SLOTH and $SLERF standing out in particular.

While $2.5 million has already been raised, the Sealana presale is still available. Visit the official website to learn more about the project and become an early adopter.  

3. WienerAI (WAI): Part dog, part sausage, part AI trading bot

With dog-themed cryptocurrencies and artificial intelligence both proving exceptionally popular in recent years, brand new project WienerAI is fusing the two and going beyond the scope of typical meme coins.

Themed with an animated, robot sausage dog, the project will offer a range of AI-enabled benefits to $WAI token holders, including a trading bot, seamless swaps, and low trading fees.

In addition, the developers are arguing that the token’s AI capabilities have made it “infinitely upgradable”, meaning there’s much more to come from $WAI throughout the project’s roadmap.

Beyond this, $WAI still has everything you’d expect from a meme coin, with a generous staking program offering 373% annual rewards. So far, close to 3 billion $WAI tokens have been staked, with over 1 billion distributed in rewards.

The ongoing WienerAI presale has raised close to $3 million in just one month, and is still available to join now. Currently, $WAI can be bought for $0.00071, with the next price increase set to take place in a matter of days.

For more information, head to the official WienerAI website and join the Telegram channel. 

4. Mega Dice Token (DICE): Solana-based GameFi token with high passive income from staking rewards

Digital casino brand Mega Dice has capitalized on the ever-expanding online gambling industry, emerging in 2023 and quickly seeing monthly wagering soar to over $50 million across 10,000 players.

Following this success, the brand is now capitalizing on another huge industry trend, fusing its casino offering with blockchain technology to create $DICE – a payment and reward token.

In addition to being used for wagering and payouts, $DICE comes equipped with a series of impressive features, including daily profit share rewards (based on the Casino’s performance).

Additionally, $DICE holders will have the opportunity to participate in a series of airdrops totaling $2.25 million in value. To participate, players will be required to surpass a certain staking threshold within a set time period.

So far, the $DICE presale has raised well over $1 million in just a few months. The presale is still ongoing today, with tokens available for $0.075.

To participate in the presale or learn more, visit the official Mega Dice Token website.

5. 99Bitcoins (99BTC): Applying the popular P2E model to crypto education

99Bitcoins is a brand new and rather unique blockchain project, marrying the world of crypto with education, and pioneering the industry’s first learn-to-earn ecosystem.

The brand is well-established as an education provider in the crypto world, having amassed over 80 hours worth of quizzes and courses since its inception in 2010. Now, the creators of the platform are introducing $99BTC, a native token to be used primarily as a reward mechanism.

While unique, the 99Bitcoins’ learn-to-earn model is simple – users will be rewarded for completing crypto education courses. Rewards can then be kept, sold, or staked.

There is also a range of exclusive token holder benefits on offer, including access to VIP community groups, additional courses, and generous staking rewards of up to 1,100%.

Importantly, while the $99BTC token was initially built on the Ethereum blockchain, it will soon migrate to BRC-20, meaning that it will benefit from Binance’s robust security architecture.

The $99BTC presale has already raised an impressive $1.5 million, but there’s still time to invest, with tokens currently available for $0.00106. Head to the official presale page to find out more.

6. 5th SCAPE (5SCAPE): Fusing virtual reality gaming with blockchain technology

The 5th Scape realm claims to bring ultra-realistic environments for gaming, movies, animations, interactive e-learning, and digital experiences.

The project is also promising a line of proprietary hardware which includes the ‘Ultra VR Headset’ and the motion-reactive ‘SwiftScape VR Chair’.

This project is evolving the VR gaming landscape, branching out into other forms of entertainment such as animations and digital experiences. We envision a hyperreal metaverse world where users can go on digital sightseeing tours from the comfort of their own homes.

For users looking for the best bitcoin alternative to invest in, the 5th Scape presale is currently live and tokens can be obtained for $0.00285.

7. Sponge V2 (SPONGEV2): The 100x meme coin is back, adding play-to-earn and staking utility

The original Sponge V1, which was the biggest meme coin in 2023, is back. This 100x meme coin is now bridging over to SpongeV2, which adds extra staking utility and a play-to-earn racing game.

SpongeV2 is not holding a traditional presale and users must stake-to-bridge SPONGEV1 tokens over to version 2.

The project adds a new staking utility whereby users can earn positive APY rewards. Staking SpongeV2 on Ethereum currently offers 167% APY, while staking on Polygon offers over 360% annual rewards.

Although past performance can never indicate future price action, we cannot look past the historical 100x that Sponge token gave to early contributors. The SpongeV2 community on social media is anticipating a possible 100x repeat with this second coming of the notorious Sponge.

This is one of the best meme coins available today, and is therefore one of the best Bitcoin alternatives as well.

8. Smog (SMOG): Multi-chain meme token offering community members the “greatest Solana airdrop of all time”

Smog is one of the newest meme altcoins to land on the Solana blockchain. This new multi-chain alternative cryptocurrency is offering cryptocurrency enthusiasts what it calls “the greatest Solana airdrop of all time”.

The project was released via fair launch and holding the $SMOG token qualifies users for airdrop points. The $SMOG token also has multi-chain functionality, offering staking utility and allowing users to potentially earn extra annual rewards.

The total supply of $SMOG is 1.4 billion tokens, with 50% allocated to marketing, 35% allocated to airdrop rewards, 10% reserved for centralized exchange launches, and the remaining 5% reserved for liquidity provision on a decentralized exchange.

With huge investment and community support, Smog looks set to be one of the best Bitcoin alternatives to buy in 2024.

Users can buy $SMOG on the Solana-based Jupiter Dex or by visiting the official presale website.

9. eTukTuk (TUK): Sustainable transport initiative that assists developing nations in reducing carbon emissions

eTukTuk is an eco-conscious initiative that aims to reduce carbon emissions in developing nations by implementing a new green transport infrastructure from the ground up. This project will introduce electric tuk-tuks to underdeveloped cities where tuk-tuks are a primary polluting vehicle.

Through onboarding drivers to the eTukTuk transport system, drivers can affordably make the switch to eTukTuks and also earn $TUK tokens by playing the real-life drive-to-earn game. Drivers can earn $TUK tokens for completing taxi journeys in a timely fashion.

eTukTuk will also introduce a network grid of power charging stations that will be strategically positioned around the city to ensure access to sustainable energy for citizens’ vehicles and to power the fleet of eTukTuks.

The project’s native $TUK tokens can also be used within the ecosystem to pay for charging power, staked to earn extra $TUK, and locked into power-staking contracts to share a portion of EV charging fees.

10. Solana (SOL): Layer 1 blockchain built for dApp developers that promotes efficiency in transaction costs

Solana is a layer 1 blockchain protocol that was specifically designed with decentralized applications (dApps) in mind. One highlight feature of the Solana blockchain is how cheap the transactions are, with DeFi token swaps only costing $0.002.

The Solana community has grown stronger over the months, and most recently the spotlight was on Solana decentralized finance (DeFi) coins that are traded on SOL-based decentralized exchanges. The crypto community flocked to the Solana DEX platforms to trade in various Solana-based meme coins.

This birthed the rise in meme stock coins such as $NVIDIA, $BLOCKBUSTER, $AMD and $GME. The most notable pump was from the unofficial GameStop-themed meme stock, of which the price increased more than 10-fold.

Solana’s price is currently topping $100 despite sitting at around $25 just one year ago, and is officially a top-five coin by market capitalization. Based on this, SOL is clearly a worthy Bitcoin alternative.

11. Tether (USDT): The most popular cryptocurrency in the stablecoin market

Tether is the crypto market’s most widely used stablecoin, guaranteeing a 1:1 peg to the US Dollar. The project has to undergo regular audits throughout the year to analyze how liquid its treasury is, checking that assets held can match that of the Tether supply.

This safe-haven crypto asset is a perfect bitcoin alternative crypto. Some traders utilize Tether as a stablecoin to jump in and out of when swing trading, while some will use it as a hedge to stabilize a portfolio, underexposing it to volatile digital assets.

USDT is the native token of Tether and has been launched across several public blockchain networks. Users can buy, transfer, and swap USDT on Ethereum, Tron, Solana, Binance BNB Chain, Polygon Matic, and other layer 2s.

12. Cardano (ADA): The most decentralized crypto using the proof-of-stake consensus

Cardano is known as one of the first blockchains to utilize the proof-of-stake consensus model. The project was birthed by Charles Hodgkinson, who was a co-founder of Ethereum. Hodgkinson realized early on that Ethereum would have scaling issues, and the current proof-of-work consensus could see the network becoming overflooded with more transactions.

This is exactly what happened in 2021 with the rise of the CryptoKitties, when Ethereum gas transactions were costing 100’s of dollars.

Cardano’s proof-of-stake consensus was the first to be peer-reviewed having independent audits conducted by third parties. The blockchain promotes efficiency in transaction speeds and costs, being able to process up to 1,000 transactions per second.

Cardano has not had a major rally for a couple of years, and its latest updates and smart contract development capabilities are just seeing the ADA ecosystem grow in more recent times. For investors seeking top altcoins that are still under $1, Cardano is a token to add to that list.

Why invest in alternative crypto assets in 2024?

You may be curious as to the rationale for investing in different cryptocurrencies and Bitcoin alternatives. Well, there are a select few reasons which we cover below.

Diversify your portfolio

Diversification is key to not having all your eggs in one basket. Diversifying a crypto portfolio will allow users to allocate funds to different risk levels.

Some investors like to keep a portion of their portfolio in stablecoins which can hedge against price volatility in Bitcoin or other invested cryptos.

Earlier point of entry

Being exposed to other top altcoins can prove beneficial in the long run should the token see major price increases.

Participating in some of the best crypto presales is always a good way to get early price entry into some of the top Bitcoin alternatives.

Greater utility

Bitcoin has long held the top spot as the crypto market’s number-one store of value. However, it lacks utility features, as with other cryptocurrencies like Solana.

Solana allows users to develop dApps on the chain which bolsters its ecosystem, bringing more utility to the Solana token itself. You can check out some of the top cryptos with utility to look out for.

Methodology

Our review process sees a multitude of analysts spend at least three hours researching each project. They conduct thorough analysis on the project whitepapers, analyzing the tokenomics and exploring the various community socials to gauge the market sentiment surrounding each project.

FAQs

Is there a better alternative to Bitcoin?

Bitcoin will always rank as the number-one crypto in the web3 space. However, the possibility to profit in the multiple 10s is fairly low now. That is why tokens like $DOGEVERSE, $SEAL, and $WAI can give early investors a better chance to see explosive gains.

What is Bitcoin’s biggest competitor?

Bitcoin’s biggest competitor is Solana. This is because it is a layer 1 blockchain that allows dApp development and will see web3 developers build out its ecosystem to be as big as Ethereum’s. The blockchain promotes cheap, fast, and efficient transactions.

Which altcoins will explode in 2024?

Although we can never give financial advice, our expert analysts predict that $DOGEVERSE, $SEAL and $WAI are all set to explode in 2024.

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References

• www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html
• jup.ag/swap/FS66v5XYtJAFo14LiPz5HT93EUMAHmYipCfQhLpU4ss8-So11111111111111111111111111111111111111112
• decrypt.co/214781/gamestop-meme-coin-solana-pumps-357-following-gaming-giants-nft-exit