I’m not a fan of altcoins. Holding them for the long-term has proven to be a guaranteed way to lose money.

At the end of this post, I have a longer rant on the subject.

For now, let’s look at some decent gambling opportunities in the crypto casino this year.

These are the top 4 cryptos to watch in 2024.

1.   Pepe (PEPE)

Rank: #37. Market cap: $3.8 Billion.

PEPE is a popular meme coin. Meme coins, as the name implies, are tokens based on memes. They often have no particular use case, and their value tends to be based purely on speculation.

PEPE was launched on Ethereum in tribute to the Pepe the Frog meme, which was popular in the early 2000s. The PEPE community had made it clear that the token has no utility value and is simply a speculative meme token.

In mid-2023, PEPE’s market cap quickly surged to $1.6 billion for the first time, making millionaires out of early holders and leading toa wave of similar price rises in other meme coins, followed by spectacular crashes.

2.   Fetchi.ai (FET)

Rank: #53. Market cap: $2.3 Billion.

As you can tell by the name, FET is an artificial intelligence (AI) token. Just as Nvidia (NDVA) stock has surged on the back of AI-driven hype, so too have several AI-related tokens.

Fetch.ai is an AI lab building a machine-learning network based on blockchain technology. The goal is to democratize access to AI tech while creating an open, decentralized, permissionless AI system with its own crypto economy.

3.  Dogwifhat (WIF)

Rank: #54. Market cap: $2.1 Billion.

Move over, Dogecoin (DOGE), there’s a new meme coin king in town. Its name is WIF.

Inspired by coins like DOGE and Shiba Inu (SHIB), Dogwifhat depicts a Shiba Inu dog wearing a hat. There’s not a lot to say here, as this token is a meme coin in its truest sense. Based on the Solana blockchain, WIF has seen extraordinary price pumps, rising from $0.15 in January 2024 to $2.17 in March.

4.  Singulatiry.net (AGIX)

Rank: #69. Market cap: $1.5 Billion.

Rounding out the list of the top 4 cryptos to watch in 2024 is Singularity.net’s AGIX.

Another popular cryptocurrency to buy based on AI, SingularityNET is a blockchain-based platform that allows users to create their own AI services. Using the network’s native token, AGIX, users can test and buy a wide variety of AI services. AI developers can also use SingularityNET’s open marketplace to publish and sell their tools.

Remember: altcoins are worthless. They always decline by at least 90% vs. the value of Bitcoin over time, with only a handful of exceptions.

Some people on social media tend to lash out against this statement, noting that coins like Litecoin (LTC) have in fact reached their peak more than once. But that’s a price measured in fiat currency, not Bitcoin (BTC). When measuring the price against Bitcoin, there are only 3 altcoins that have ever regained their all-time highs: Binance Coin (BNB), Dogecoin (DOGE), and Ripple (XRP).

These are obviously unique exceptions. BNB soared due to the success of the Binance crypto casino exchange. Dogecoin went to the moons of Neptune thanks to Elon Musk’s shameless fleecing of the public, even endorsing the coin on an episode Saturday Night Live (which, by the way, marked the absolute peak in DOGE prices by any metric). And last but also least, XRP was pumped by the marketing team at Ripple, who made everyone think that their pre-mined scam coin somehow had value and would be better than Bitcoin.

After making an all-time high, 99.9% of altcoins never reach that peak again in their lifetime. And those lifetimes tend to be short, with many thousands of altcoins having failed and gone to zero already.

Still, if you’re big into gambling, these are a few noteworthy bets to consider.

Not financial advice.

Disclaimer: This content is for informational purposes only and shall not be considered investment advice. All investments carry risk. Consult with a financial professional before making any personal financial or investment decisions.