#Write2Earn Based on several factors, ranging from blockchain value and community to general backers, the five cryptocurrencies outlined below have what it takes to turn a $10 investment into $1,000 in 2024.The crypto ecosystem has continued to welcome numerous protocols with their underlying assets. While some are promising, most new tokens are merely cash grabs designed by crypto scammers.For investors looking to get a headstart in their research on promising tokens, these five tokens are worth considering.- Advertisement -Solana (SOL)Solana has a robust ecosystem that is notably in the spotlight at the moment. The blockchain protocol has a lot of good things happening simultaneously in its ecosystem that primes it for immense growth this year.From the emergence of Solana Mobile to DePIN and DeFi, Solana has taken the fight for dominance to Ethereum’s doorsteps.Solana also has a very positive price action that enables it to recover easily from bearish trends. At the moment, it is priced at $92.62, up 1.64% in the past 24 hours. Polygon (MATIC)Polygon is a major delight for enterprise firms looking to make a pivot into the Web3 space. As an Ethereum-based scaling protocol, Polygon has recorded immense achievements in the past year, ranging from its partnership with Starbucks to the CDK toolkit it designed to help create other blockchain networks. - Advertisement -Polygon also has the tendency to increase investors’ capital this year based on numerous advances up its developer’s sleeves.The digital currency is changing hands for $0.777, up 3.97% in 24 hours. Despite being down 73.61% from its All-Time High (ATH) of $2.92, the chances of further growth are high.Cardano (ADA)Cardano, as a blockchain network, is arguably the most developer-driven protocol as judged by its GitHub activities. Primed for scalability and low cost, Cardano is making its mark in Web3 as one of the fastest-evolving chains to pitch tents with.Its positive innovation rate has polished the potential of ADA, its native token, which is worth $0.4849. The asset is up 0.11% in 24 hours at the time of writing. One of the most important updates on Cardano is the Hydra, a scaling solution it pitched as a game-changer.Avalanche (AVAX)Avalanche is one of the top coins with the most intriguing recovery rates over the past year. Described as the fastest protocol in terms of Time to Finality, Avalanche has soared by more than 81.17% Year-on-Year (YoY) to $32.60 after dropping as low as $8.91 on October 19, 2023.Avalanche’s big sell as a candidate on this list lies in its growing embrace by major financial firms like JPMorgan Chase & Co.XRPXRP is considered one of the biggest but undervalued digital currencies in the crypto scene. Currently trading for $0.5294, the token is up 2.02% in the past 24 hours, per data from CoinMarketCap.XRP is the only crypto recognized by law as a non-security after the historic ruling from Judge Analisa Torres. The July 2023 ruling set a precedent that is poised to unleash the coin this year and in the coming ones.

AltLayer’s ALT Token LaunchAltLayerDear Community Members,We are thrilled to announce the official launch of ALT, a token that will power the AltLayer protocol!The AltLayer ProtocolAltLayer is an open and decentralized protocol for rollups. With AltLayer, we bring together a novel idea of Restaked Rollups which takes existing rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) and provides them with enhanced security, decentralization, interoperability, and crypto-economic fast finality. Restaked rollups combine the ease of spinning up rollups using rollup stacks and others with the power of EigenLayer’s restaking mechanism to bootstrap network security and build a decentralized network.Restaked rollups are essentially a set of three vertically integrated Actively Validated Services (AVSes) created on-demand for a given rollup that works with any underlying rollup stack. These AVSes in conjunction offer three key services to rollups in particular to app-specific rollups:Verification of rollups’ state correctnessFaster finalityDecentralized SequencingThe above services are provided via three modular components called:VITAL (Decentralized verification of rollup’s state)MACH (Fast finality network)SQUAD (Decentralized sequencing framework)AltLayer EcosystemThe AltLayer ecosystem has grown tremendously big with established infra providers such as EigenLayer, Espresso, Astria, Radius, Celesita, EigenDA, Avail, OP Stack, ZKStack, Arbitrum Orbit, Polygon CDK; service providers such as Blockscout, Dexguru, Parsec Finance, Connext, Celer, HyperLane, Transak, Halliday and many others.Research CollaborationsWe collaborate closely with many infrastructure teams in the Ethereum space to improve existing systems as well as build new ones. We have collaborated with the likes of OP Labs, RISC Zero team and EigenLayer and plan to collaborate with many more on hard challenging problems in the space around MEV, decentralization, security, and privacy.Projects using AltLayerSeveral projects are using AltLayer’s services. These span gaming, DeFi, and other applications.Double Jump Tokyo: Double jump.tokyo is a blockchain game development studio based out of Japan. They have worked with notable partners such as SEGA, Bandai & Ubisoft and own game IPs such as Sangokushi Taisen.Cometh: Cometh is a game studio based out of France. They have previously worked with prestigious clients, namely La Française des Jeux (FDJ), Lacoste, FanLive Rugby, and Life Beyond Studios for their web3 needs.Oasys: Oasys is a game-optimized blockchain that offers a highly scalable Layer 1 hub and specialized Layer 2 using Ethereum’s Layer 2 scaling solution. Among Oasys’ validators are leaders in gaming and Web3, such as SEGA, Ubisoft, and Yield Guild Games, who act as initial validators in our Proof-of-Stake (PoS) based blockchain.Avive: Avive is one of the world’s largest geosocial protocols, uniting millions of users from over 130 countries on Alive L2 with Proof of Network consensus.Deri: Deri Protocol is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm, and positions are tokenized as NFTs, highly composable with other DeFi projects.Automata: Automata is a blockchain middleware service provider backed by Binance Labs, Jump Crypto, and others. They recently launched a modular attestation layer with attestation conducted fully on-chain for out-of-protocol computation.ALLO: Allo protocol is building novel applications across programmable funds, tokenizing real world assets, trading, and staking. This product is being built as an extension of Allocations — a fund management platform with over $1B of assets currently under administration.Do check out this more detailed report by Binance on AltLayer: https://www.binance.com/en/research/projects/altlayer.📅 Official Token Generation Event: January 25, 2024Mark your calendars as we prepare for the launch of ALT Token on January 25, 2024 at 10:00 (UTC) (token listing date). Join us in celebrating this milestone and be among the first to explore the limitless possibilities our token brings to AltLayer and beyond.🚀 Launch Process: Binance LaunchpoolThe token will be launched via Binance Launchpool. Users of Binance can stake BNB, and FDUSD, to farm ALT tokens over 6 days, with farming starting from January 19, 2024 at 00:00 (UTC). Binance will then list ALT on January 25, 2024 at 10:00 (UTC) and open trading with ALT/BTC, ALT/USDT and ALT/BNB, ALT/FDUSD and ALT/TRY trading pairs.Please refer to the Binance blogpost for further details on how to get involved.🚨 Airdrop to AltLayer early supportersTo our community, we thank you for your love and support. We could not have come this far without you. And therefore as a token of appreciation, we will have a dedicated airdrop to our community members. High-level information is given below but more details will follow in the coming days.Eligibility Criteria: If you are: a) AltLayer OG Badge NFT holder b) Oh Ottie! NFT holder, or c) qualified participants of Altitude campaigns, d) Qualified EigenLayer restakers and Celestia stakers, you are eligible for an airdrop. Additionally, to qualify for the airdrop, you should not be a citizen or a resident of any of the sanctioned regions (read below).Snapshot date: A snapshot of all qualified addresses was taken on Jan-17–2024 12:00:11 AM (Ethereum block number 19022890).Sanctioned regions: Community members who reside in, or are citizens of, are located in the United States of America, Canada, China, Iran, Cuba, North Korea, Syria, Myanmar (Burma), the regions of Crimea, Donetsk or Luhansk, or any other country or region that is the subject of comprehensive country-wide or region-wide economic sanctions by the United States, EU and the UK (collectively, “Restricted Territories”) will not be eligible for the airdrop.More details on the airdrop will be shared in the coming days. Do note that this is the first wave of airdrop to our community. More airdrops to our wider ecosystem partners and supporters will follow in the coming months.Token InformationToken Distribution🌟 Key Features of ALT Token:ALT will be AltLayer’s native utility token and will be used in the following functions:Economic bond: ALT token will be used alongside restaked assets to provide economic stake. This stake can be slashed if a malicious behavior is detected.Governance: ALT token holders can vote on governance decisions.Protocol Incentivization: Operators in the AltLayer ecosystem can earn ALT tokens as rewards for their services.Protocol Fees: Network participants will need to pay for intra-network services in ALT tokens.🎉 Stay tuned for Launch Day and Airdrop Updates! As we approach the launch, stay tuned for the updates. We can’t wait to celebrate this momentous occasion with our community!Website: https://altlayer.io/Twitter: https://twitter.com/alt_layerDiscord: https://discord.com/invite/altlayerTelegram: https://t.me/altlayerThank you for being a part of the ALT community. Together, let’s embark on this exciting journey into the future of AltLayer!