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While the price rallies that come with altseasons are temporary, it takes a token with very high growth potential to maintain bullish sentiment beyond altseasons. The sponsored content poster revealed the altcoins that are likely to maintain a long upward momentum in 2024. These tokens include KangaMoon (KANG), BNB (BNB), Ripple (XRP), Cardano (ADA) and Toncoin (TON).
KangaMoon (KANG): Will It Be Successful in the Meme Community?
KangaMoon (KANG), whose future is uncertain, allegedly wants to bring an innovation to the meme community by introducing the KangaMoon community. This community will serve as an interactive platform for meme enthusiasts thanks to its Social-Fi structure. Additionally, the play-to-win feature on the KangaMoon platform allegedly enables members to earn by selling NFTs, collectibles from games, and more.
According to the content poster, the KANG presale has taken the crypto market by storm, showing growth potential. For context, investors who purchased the KANG token in the first phase of the pre-sale received a 180% return on investment while it was still in the 4th phase of the pre-sale. With thousands of investors flocking to the project, the KANG token has raised over $2,200,000 and analysts predict it will reach $3 million before the end of March. The project is new and its future is uncertain, and the investment carries the risk of loss.
The KANG token, whose future is uncertain, is sold for only $0.014. Currently buyers are given a 10% bonus. Meanwhile, members can earn KANG tokens even during the pre-sale by participating in social media activities aimed at promoting the project. The project is new and carries the risk of investment loss.
BNB (BNB) Crosses the $500 Threshold, Aims to Break All-Time High Price
Bullish sentiment from BNB (BNB) pushed the token above the $500 price mark for the first time since December 2021. As seen in market statistics, BNB has gained over 23% in the last 7 days. Similarly, the token has gained 60% in value in the last month.
Notably, more than 65% of the 88% year-to-date price increase for BNB has occurred in 2024. Throughout 2023, the highest price BNB reached was $345 in April 2023. However, the current market rally has caused the token price to skyrocket above the $500 mark. On its current trajectory, some analysts expect BNB to surpass its all-time high price of $690 in Q2 2024.
Bullish Wave for Ripple (XRP) Sees Token Reach $40 Billion Market Cap Value, Adjusts Target to $1
Ripple (XRP) is an open-source crypto ledger that increases the scalability and speed of decentralized, permissionless, and on-chain transactions. Ripple token has recorded a significant price increase of over 13% in the past week. Additionally, Ripple price has gained over 39% in the last month. Notably, as one of the top altcoins, the token’s value has recorded a 100% growth in the price metric year-to-date.
As a result of the extended bullish sentiment, Ripple’s market cap has entered the $40 billion mark, which is an indicator of the token’s bullish resistance in the market. Moreover, Ripple’s price value aims to reach the $1 mark for the first time since November 2021. With the positive trend of Ripple trading volume and developing bullish sentiment, the token is likely to reach the $1 mark in Q2.
Cardano (ADA) Witnesses Increased Trading Volume as Token Heads For Further Price Rally
The recent market activity of Cardano (ADA) has witnessed marginal growth, resulting in a significant uptrend in price. In this regard, Cardano witnessed an increase of approximately 35% in its average daily trading volume last week. In this case, it is not surprising that the token price has increased by 32% in the last month. Additionally, Cardano has gained up to 138% in year-to-date price benchmarks.
With this series of positive trends in Cardano price and market activity, experts think the token is on track to establish support at the $1 threshold before the end of March.
Exponential Upward Momentum for Toncoin (TON) Sees It Reach a New Milestone, Further Price Increases Expected
For the first time since January 2022, the price of Toncoin (TON) exceeded the $3 threshold. Gaining over 46% in price value over the past month, the token has charted an upward trajectory that has seen it reach its new price milestone. As a result, Toncoin market capitalization also exceeded $10 billion, according to market statistics.
Notably, Toncoin trading volume has increased by over 150% on average daily over the past week. This streak of market growth has highlighted Toncoin as one of the best altcoins to consider investing in, given the bullish potential it holds. There is a high probability that Toncoin will surpass its all-time high price of $5.84 in 2024.
Conclusion
With over 20,000 tokens in the crypto market, it can be difficult to identify a few coins that have bullish potential. However, experts who study the crypto market and the trajectories of these tokens believe that there is significant potential for long-term rise for these tokens in 2024.
According to the sponsored content poster, the KangaMoon project is claimed to be particularly prominent given that the token is still in the pre-sale phase and is exhibiting the kind of momentum that only established tokens can achieve. It is curious whether the KANG token will be successful or disappointing in the future.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
