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In the cryptocurrency market, investors are always looking for their next opportunity. It is claimed by the sponsored content poster that there may be opportunities for huge profits.
Some Altcoins to Follow in 2024
It is wondered whether these estimated altcoins can generate profits.
- KangaMoon (KANG)
- Ethereum (ETH)
- Solana (LEFT)
- Internet Computer (ICP)
- Toncoin (TON)
- Phantom (FTM)
- NEAR Protocol (NEAR)
- XRP (XRP)
KangaMoon (KANG)
According to the sponsored content sender, KangaMoon (KANG) is a new entrant into the crypto market with an uncertain future. It has already raised over $3 million and is expected to reach $3.5 million before the end of March. The project is new and its future is uncertain, there is a risk of investment loss.
According to the content submitter, KangaMoon will soon launch a Play to Earn (P2E) game with KANG as the main in-game currency. Players will be able to upgrade their characters and purchase in-game items using KANG coins. Additionally, having KANG will also give you access to weekly, monthly or quarterly missions that reward you with extra coins or rewards. It is not certain, it may fail.
What makes KangaMoon unique is its focus on giving back to the community. Notably, KangaMoon is now providing free KANG tokens to the most active community members ahead of its launch. In other words, it is claimed that if you share/like/comment on KangaMoon’s social media posts, you can earn free KANG during the pre-sale.
Currently priced at $0.014, KANG is in Phase 4 of its pre-sale. But keep in mind that it has ties to the P2E gaming market, which Yahoo Finance says will be worth over $880 million by 2028. But the future of KANG is uncertain, the investment carries the risk of loss.
Ethereum (ETH)
Next on our list of the best cryptos is Ethereum (ETH), the second largest cryptocurrency by market cap. Lately, Ethereum has been on a tear. According to CoinMarketCap data, Ethereum price increased from $3,038 to $3,648 in the last 30 days, and its market capitalization increased from $368 billion to $438 billion.
Technical analysis for Ethereum also draws a bullish chart as 27 indicators are in the buy zone. Additionally, this crypto is currently trading above its 100 and 200-day EMAs. For all these reasons, experts in the crypto space predict Ethereum to reach $4,870 before the end of Q3 2024.
Solana (LEFT)
Solana (SOL) ranks third on our list. It has emerged as a formidable competitor to Ethereum by offering faster transaction speeds and lower fees. Solana, which has a rapidly growing ecosystem, looks ready to rise in 2024. In terms of Solana price, it rose from $102 to $195 last month. The market value increased from 45 billion dollars to 86 billion dollars during this period.
From a technical analysis perspective, this bullish trend may continue for Solana. For example, Solana coin is trading above its 50 and 100-day EMAs. As a result, leading market analysts predict that Solana will reach $233 in Q2 2024.
Internet Computer (ICP)
Internet Computer (ICP) is another crypto that has the potential to see significant growth in 2024. Over the past 30 days, Internet Computer price has increased from $12.47 to $19.41. Additionally, its market capitalization increased from $5.78 billion to $8.95 billion.
Internet Computer also had 17/30 (57%) green trading days last month. Moreover, 27 technical indicators are in the buy zone for this crypto. Therefore, experts made a bullish Internet Computer price prediction. They predict Internet Computer to rise to $26.51 in Q2 2024 – making ICP a good crypto to buy now.
Toncoin (TON)
Next up is Toncoin (TON), TON’s native token. It is used in almost every way you can imagine: network operations, transactions, games, and even collections in TON. In terms of Toncoin price movement, it rose from $2.11 to $5.25 on the monthly chart, approximately 150%. The market cap increased from $7.30 billion to $18.32 billion during this time.
More than 27 technical indicators for Toncoin are also flashing green. Additionally, Toncoin crypto trades are above its 50 and 100-day EMAs. As a result, leading market analysts predict that Toncoin will rise to $6.48 by the time Q3 2024 begins. This potential growth makes TON one of the best coins to invest in.
Phantom (FTM)
Thanks to numerous partnerships in different sectors, Fantom (FTM) is preparing for exponential growth in 2024. In the past month, Phantom price increased from $0.41 to $1.12 and its market cap increased from $1.16B to $3.15B.
Phantom crypto also had a 20/30 (67%) green trading day. Thanks to this fact and FTM trading above its 100 and 200-day EMAs, experts have made a bullish Phantom price prediction. For Phantom, they estimate it will rise to $2.22 in Q2 2024.
NEAR Protocol (NEAR)
Second to last is the NEAR Protocol (NEAR). This crypto is currently in an uptrend as the price of NEAR has increased from $3.69 to $7.95 over the last 30 days. Its market value jumped from $3.82 billion to $8.37 billion during this period.
Technical analysis for NEAR Protocol points to a bright future. Notably, NEAR is trading above its 50- and 100-day EMAs, while 26 technical indicators are in the green. As a result, market analysts predict that NEAR Protocol will reach a value of $10.29 before the start of Q3 2024.
XRP (XRP)
XRP (XRP) remains a popular option for crypto investors. In the past month, the XRP price has increased from $0.54 to $0.64 – a growth of 20%. Its market value increased from $29.73 billion to $35.35 billion during this period.
Not only that, XRP coin is currently trading above its 100 and 200-day EMAs. Moreover, 23 technical indicators are flashing green for this crypto. Experts in the crypto space take all these factors into consideration when making XRP price predictions. Thus, they predict that XRP will reach $0.85 before the end of Q2 2024.
Followable altcoin results in 2024
According to the sponsored content submitter, KangaMoon currently has a market cap of $14 million, which allegedly means it needs far less new funds to be injected into it for its price to skyrocket. But its future is uncertain and carries risks. Ethereum, Solana, Internet Computer, Toncoin, Fantom, NEAR Protocol and XRP are also promising projects.
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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!
