Introduction

Increasingly, the words "altcoin" and "altcoin online casino" are heard. But what are they? What are altcoins and how do they differ from Bitcoin? In this article we will tell you about the top 10 best altcoins in 2024.

All other cryptocurrencies (which are not BCT) are called altcoins (alternative coins). Unlike the most famous crypto — altcoins have their own different features or technologies that can even provide them a functionality not found in other cryptocurrencies. In addition to that, many of these other coins are doing similar work like increasing speed of transactions or reducing fees, and some focusing on specific use cases such as smart contracts. An altcoin online casino is just a gambling platform that accepts altcoins for deposits, wagers, and withdrawals. 
Read on as we examine which altcoins to watch in 2024. Let’s get started.

Types of Altcoins

1. Utility Tokens – These are tokens used to avail specific services. These include mainstream cryptocurrencies (ETH, TRX), exchange tokens (BNB, OKB) as well as gaming/utility coins (MANA). The most common type of altcoin
2. Security Tokens — These are tokens that represent some type of ownership interests in assets on the blockchain (such as shares, bonds or copyrights) ASPD, EXOD BCAP are examples.
3. Stablecoins: Cryptocurrencies designed to have a fixed value, usually tied to fiat currency but they can be pegged to cryptocurrency assets or even gold. So, their primary role is just to be a way of holding value. For example USDT.
4. Meme Coins: These are the cryptos created as memes. These tokens are frequently utilized as utility Tokens. DOGE and SHIB are commonly known.
5. Governance Tokens — these tokens provide voting rights and access to participate in the governance of a project. Such as TRON Power, or UNI.

They also cover forks — cryptocurrencies that share a blockchain with the main coin (such as Bitcoin) but then split off to create their own currency. There are two types of forks:

• Soft Forks – Compatible with old versions of blockchain. Changes made can be reverted.
• Graphic: Hard Forks (Not compatible with the old mining software. That is, they fork an entirely new altcoin; it cannot function on the same network as its predecessor.

Ethereum (ETH)

Speaking of the best altcoins, let's start from Ethereum - commonly known choice for altcoin online casino. It`s market capitalization exceeds $362.2 billion. It has several differences from Bitcoin. The main ones are about the emphasis on a very modern concept: smart contracts. Thanks to such self-executing agreements, now there is a large entire ecosystem of decentralized applications-from finance to gaming-in many sectors. Even though it faces challenges with scalability and transaction fees, its authority and active developer community keep it among the leaders.

Dogecoin (DOGE)

No best altcoins list would be complete without Dogecoin. The history of the coin started in 2013 from one very popular "dog" meme, which nowadays has a devout community. The most astonishing thing here is the market value of this cryptocurrency, which overshoots $21 billion. This has happened because of none other than the tech giant Elon Musk of our times.

Moreover, the gaming community adopted Dogecoin through the creation of cool platforms such as dogecoin poker and dogecoin slots, where now users can interact with the cryptocurrency in newer and more interesting ways. Dogecoin Poker offers exciting online poker games to be played for Dogecoin against players all over the world in all varieties. On the other hand, Dogecoin slots provide fun ways through which users can play casino-style games where they can have a go at reels and probably win rewards using their Dogecoin—gambling just got a whole lot more exciting with this popular cryptocurrency.

What about the case when Elon Musk tweeted that DOGE is his favorite cryptocurrency? That's quite enough to make this coin probably the most famous altcoin in the market. One must agree that DOGE may miss many functions compared to other altcoins, yet its popularity and unpredictable price swings certainly make this altcoin a special case. At best, it would be correct to say that the fame of DOGE is more of the result of the hype and trends taking place on social media; therefore, one must always do their due diligence whenever participating in dogecoin poker or trying out various games on dogecoin slots.

Avalanche (AVAX)

With almost a $13.2 billion market capitalization, it is hard not to believe in Avalanche. Fine, one might as well name Ethereum as the premier platform for smart contracts, but how much longer? Avalanche, or AVAX, is yet another relatively new blockchain platform that focuses on speed and efficiency. Its goal: to be a key player in the decentralized applications and digital assets space. This blockchain can spawn a much more scalable platform for dApps.

Solana (SOL)

Developers are desperately in search of finding alternatives to the existing shortcomings of Ethereum, and guess what? It seems they have found a worthy option. Solana is a young blockchain launched in 2020. It`s market capitalization is over $66.1 billion. It`s fastest data processing rate and scalability make it a prime choice for smart contracts. The ingenious architecture of Solana offers a view of what high-performance blockchains will resemble in the future.

Cardano (ADA)

Cardano is not an "get-rich-quick" altcoin. This project was based on academic research and peer-reviewed development. With a $15.8 billion market capitalization, Cardano deploys a proof-of-stake consensus mechanism hailed for its energy efficiency and scalability. Such a strong focus on building a safe and stable blockchain platform makes Cardano very attractive to developers looking to build the next generation of decentralized applications.

Polkadot DOT

This altcoin, developed in 2016, is arguably building the very future. The unique Polkadot ecosystem allows developers to create their own blockchains, which then link to the main Polkadot network. This has brought innovation and compatibility that could mean a more reliable and joined blockchain landscape in the long term. Polkadot's ability to break down silos between blockchains makes this an interesting project for the coming years.

BNB

As late as 2017, nobody was certain about BNB; after all, it was an idea. This traded asset from Binance created quite a stir in the market. BNB powers the Binance ecosystem and offers discounts on trading operations, among other features, to its users. However, the real influence of BNB goes much beyond this exchange. As Binance continues to broaden its reach, the role which BNB plays in the cryptocurrency space will surely grow. It is, in effect, an altcoin really that cannot be ignored.

Shiba Inu

If you think that it is just Dogecoin, the only potential cryptocurrency with a dog theme, I am sorry, you are wrong. Shiba Inu is one such coin that was developed after Dogecoin in order to compete against it. Needless to say, SHIB takes its inspiration from this very same Shiba Inu dog meme. Again, it has a market cap of more than $13.4 billion and shares a lot in common with DOGE, the two major ones being its high volatility and a very strong community. At the same time, as is DOGE, its future remains unknown, and one needs to do thorough research before spending it.

Toncoin (TON)

Of course, you use Telegram, the popular messaging app with encryption? Well, Toncoin, TON, or Telegram Open Network, is a brainchild of Telegram and a layer one blockchain. Launched in 2018, TON has processed data impressively fast and focused on user-friendly applications.
Given the already existing user base of Telegram, there's huge potential for growth in Toncoin. It's still, though, a very new project, so its development will have to be watched.

Conclusion

Many developing altcoins are offering options both for experienced players and newcomers. The above-mentioned cryptocurrencies can take off. But remember, it's not a headlong rush! Prepare yourself with all the information that will be required and gauge the risks.