AI Chatbot Predicts Top-Performing Altcoins for 2024: ETH, SOL, AVAX, ADA, LINK, DOT

According to CryptoPotato, Bitcoin's impressive start to 2024 has been marked by price movements and global adoption, with nearly a dozen spot BTC ETFs approved in the US. As the fourth halving approaches in about two months, predictions for the primary cryptocurrency's price tag reach up to $150,000. Alongside Bitcoin's growth, some altcoins are also expected to perform well. AI chatbot Perplexity named six altcoins that could have a more impressive 2024: Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Cardano (ADA), Chainlink (LINK), and Polkadot (DOT). ETH experienced a quieter 2023 with an 83% increase, but its blockchain remains the most utilized for DeFi, NFTs, and other digital asset industry applications. The Ethereum ecosystem is expecting updates and layer 2 networks to reduce transaction costs and increase speed. SOL, a top performer in 2023, became an actual rival to Ethereum and is now home to many DeFi, NFT, and meme coin projects. Avalanche, Cardano, and Polkadot also target Ethereum's market share, while Chainlink, a decentralized oracle network, has signed numerous partnerships and entered the growing RWA world. Perplexity named AVAX as the dark horse of the altcoin race, even though it has already surpassed DOT and LINK in terms of market cap. The AI chatbot warned that investing in cryptocurrencies is a risky business due to their volatility and lack of proper regulations in many countries.