7 Important Cryptocurrencies To Look Out for other than Bitcoin in 2024 Bull Run

Bitcoin is the most popular cryptocurrency when it comes to the crypto market and that is because it is the first token and most traded. In fact some crypto enthusiasts call it the “King” of crypto. Bitcoin is also known to affect the whole crypto market (though not all the time) when its price swings. 

However, despite the fact that people often hop on the Bitcoin train to make money, especially during the bullish seasons, new traders often feel left out or late entry to the train and sometimes lose their money. 

The good news is that Bitcoin is not the only important cryptocurrency there is in the crypto market. There are many other crypto tokens that are important and beneficial to traders. Some of these tokens might trade with gains as high as 100x or 500x in 2025. 

For instance, last week recorded an increase in some Solana tokens, with BONK trading at $0.000543, Dogwifhat trading at $3.30, Popcat expected to increase by 225.17% in near future and many more. 

Here are 7 important cryptocurrencies that investors and traders should look into. 

Tether (USDT)

One of the first and most well-known stablecoins—alternative cryptocurrencies that try to lower volatility by tying their market value to a currency or other external reference point—was Tether (USDT). 

Since the majority of digital currencies, including well-known ones like Bitcoin, have frequently gone through times of extreme volatility, Tether and other stablecoins try to even out price swings in order to draw in consumers who may otherwise be wary.

The price of the cryptocurrency is closely correlated with the US dollar. With a market valuation of $119.70 billion and a $0.999 per token price, Tether was the third-largest cryptocurrency by market capitalisation. 

Solana (SOL)

Also known as an “Ethereum killer,” Compared to Ethereum, Solana completes a lot more transactions every second. Its transaction costs are also less expensive than Ethereum’s.

Solana (SOL) is the name of the cryptocurrency that operates on the Solana blockchain. Its price has increased significantly since its launch. At of the time of writing, Solana is worth approximately $237.24 with a market capitalization of $112.50 billion. 

USD Coin (USDC)

USD Coin, another stablecoin, uses fiat-collateralized reserves to tie its price to the US dollar. This means that it has the same amount of fiat money in circulation as USD Coin. The Centre Consortium, which once included Circle and Coinbase, which is no longer involved in the initiative, introduced USD Coin in 2018. 

USDC is a regulated stablecoin since Circle is governed by U.S. law due to its U.S. base. The USD coin was valued at $0.9999 per coin and had a market capitalization of $38.70 billion as of time of writing. 

XRP

The XRP Ledger, a payment system developed by Ripple in 2012, uses XRP as its native cryptocurrency. The consensus process used by the XRP Ledger, known as the XRP Ledger Consensus Protocol, does not rely on proof-of-work or proof-of-stake for validation and consensus. 

Rather, transactions are sent to the ledger servers via client programs that sign them. After comparing the transactions, the servers determine if they should be added to the ledger. With a remarkable gain this week, the price of XRP has drawn market attention and broken the $1 threshold for the first time since November 2021. The price of XRP is $1.14 as of this writing, which is a significant 6% increase over the previous day. 

With a startling 96% increase in value over the last week, the price of Ripple has seen tremendous momentum and attracted a lot of interest from the cryptocurrency market.

Dogecoin (DOGE)

Considered by some to be the first “memecoin,” Dogecoin (DOGE) created a stir in 2021 when its value surged. Some large corporations accept the coin, which features an image of a Shiba Inu as its avatar, as payment.

Dogecoin has been rising rapidly since the U.S. election results, and as of November 12, it reached its 2024 peak. Last but not least, the price seems to have temporarily steadied, hovering around 0.34$ to 0.38$. $DOGE had an extremely successful 30 days, with profits of almost 160% for the popular coin. 

Tron 

TRX, the native coin of TRON, is utilized as a payment method on exchanges and to cover on-chain transactions. Anyone with TRX has the opportunity to apply to be a Super Representative, who has the responsibility and power to approve transactions and add new blocks to the blockchain. 

The network votes for the super representatives in the cryptocurrency’s consensus process, designated proof-of-stake (DPoS), which is a modified form of Ethereum’s proof-of-stake. As of the time of writing, Tron native token TRX trades at $0.2004 with a market cap of 17.32 billion.  On November 24, the TRON price moved more than 3.08% with a trading volume of over 59.89%. 

Toncoin

Ton coin has been one of the most popular earlier this year. It became popular because of the ecosystem that was used in hosting play-to-earn game tokens such as Notcoin, Hamster Komat, Snakecoin, Tapswap and many more. 

Toncoin has been experiencing exponential growth in the month of November with the token current price at $6.25% ad in the last 7 days the token has experienced an upward trend with a market cap of $15.9 billion. Over the past 24 hours, Toncoin’s (TONNE) trading volume has been $862,361,465.

Final thought 

Here are the top 7 crypto tokens to note whether you are a crypto veteran or just new to crypto. As we get close to the end of 2024, many of these tokens are likely to be a gainer and it is not too late to hop on the crypto train. However, it is important that you do your research before buying any token.

Also Read: Will Dogecoin Reach $1 by the End of 2024?