Top Crypto Trading Platforms and Altcoins to Keep an Eye on in 2024

Crypto is back in action, huh? 2024 is kicking off with a bang, thanks to some political shifts and regulatory updates. Let’s break down what’s going on in the cryptocurrency world, and check out some altcoins that might be worth your time and money.

What’s Going on in Crypto?

The cryptocurrency scene has always been a rollercoaster ride. As we step into 2024, we’ve got a mix of political events, regulatory shifts, and tech advancements that are shaking things up. It’s important to keep your ear to the ground if you want to make the most of this wild market.

Politics and Crypto

You can’t underestimate how much politics mess with crypto. The regulatory environment, policy changes, and the stories we tell ourselves all shape the market. The recent U.S. presidential election opened up a pro-crypto chapter, and guess what? The market is responding. Trump’s win has everyone buzzing about less regulation and a new SEC Chair.

Now, don’t get too comfy; politics can be a double-edged sword. Republican wins usually seem good for crypto, but there’s also bipartisan interest in crafting some clear regulations. The goal? A balance between innovation and protecting investors.

Regulation and Its Ripple Effects

Speaking of regulations, they’re a big deal in crypto. New rules can change the game, for better or worse. The recent changes are already boosting some coins, like XRP, which saw a late-year surge thanks to regulatory news.

Altcoins to Watch in 2024

We’ve covered the political and regulatory landscape; now, let’s get into the coins. Here are six altcoins that are standing out as we head deeper into 2024.

MultiversX (EGLD)

This one’s up 5.41% in the last 24 hours, trading at $33.94. MultiversX has a market cap of $939.95 million and a trading volume that’s shot up by over 222%. A new initiative from the MultiversX Foundation named Growth Games has a $1.5 million budget to fuel blockchain and AI innovation. They’re looking for teams to build new DeFi, AI, and education solutions.

STP (STPT)

Currently trading at $0.06059, STPT has seen a 14.01% boost in the last day. With a market cap of $117.68 million and a trading volume up by 75.88%, it seems to be on the rise.

Wall Street Pepe ($WEPE)

This one’s drawing attention for its strong presale performance and community-driven approach. They’ve raised over $36 million so far, and the presale is structured to increase the price with each phase. They prioritize accessibility and security, having been audited by Coinsult.

Toncoin (TON)

At $5.74, TON has grown by 8.85% this week. The Open Platform just launched a custodial wallet, and they saw 100 million Telegram users create wallets during the beta phase.

DAO Maker (DAO)

DAO Maker is trading at $0.378, up 7.54% in the day. With a market cap of $73.86 million, they’ve got good liquidity but are also facing some market volatility.

PolySwarm (NCT)

PolySwarm has increased by 16.18% to reach $0.029. They have a market cap of $54.68 million with a total supply matching its circulating supply.

Best Crypto Platforms to Trade

When it comes to trading, the platform matters. Here are some of the top platforms you might want to check out:

1. Binance

This one’s a staple in the crypto world, known for a wide range of coins and decent fees.

2. Coinbase

Great for newbies, they’ve got a strong security record and user-friendly interface.

3. Kraken

Renowned for security and a solid list of coins. Good for pros.

4. KuCoin

A growing platform with a wide variety of coins and competitive fees.

5. Gemini

Strong security and compliance reputation. A solid choice.

Best Cryptocurrencies to Day Trade

If you’re into day trading, here are some coins that might be on your radar:

1. Bitcoin

Always a safe bet for liquidity and price movements.

2. Ethereum

Another solid choice for day traders.

3. Ripple (XRP)

Good for quick trades due to fast transactions and low fees.

4. Litecoin

The silver to Bitcoin’s gold.

5. Cardano

Gaining traction, so worth considering.

Summary

The crypto market is always changing. 2024 is shaping up to be an interesting year, with politics and regulations at the forefront. If you’re looking to dive in, keep an eye on these altcoins and platforms.