Disclaimer: This is a sponsored content and press release. KoinFinans.com cannot guarantee the accuracy of the content on this page provided by the relevant company and cannot be held responsible for any damages that may arise from the products and services on this page. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Readers should conduct their own detailed research before making any transactions.
According to the sponsored content poster, with the temporary decline in the crypto market, many traders are claiming that there may be a boom in altcoins. Altcoins, which are often the underdogs, have historically gained value rapidly after market corrections. 5 altcoins to watch according to content poster: KangaMoon (KANG), Polkadot (DOT), Hedera (HBAR), Aptos (APT) and Cardano (ADA), whose future is uncertain.
KangaMoon (KANG)
It is reported that it is one of the pre-sale projects called KangaMoon (KANG), whose future is uncertain, according to the sponsored content sender. With more than 20,000 registered members making up its vibrant community, one wonders if KangaMoon can be successful.
KangaMoon, whose future is uncertain, has already collected over 6.5 million dollars in donations, but it is reported that they are not satisfied with this and want to reach 7 million dollars before the end of May 2024. As interest in the altcoin continues to grow, they have surpassed 6,000 KANG holders. On top of all this, KANG will be used as in-game currency to level up characters and purchase in-game items in the upcoming P2E game. It is uncertain whether it will be successful or not, there is a risk of investment loss.
According to the content submitter, KangaMoon’s SocialFi features are the future of which is uncertain. For example, KangaMoon is giving away free KANG tokens to its most active community members ahead of its official launch. It is reported that this type of dynamic community participation puts KangaMoon ahead of most other altcoins.
After starting at $0.005, each KANG could currently go to $0.025 in Phase 5, according to the content creator. This trend is expected to continue, especially with KangaMoon allegedly tied to P2E gaming, which should be worth around $885 million by 2028.
Polkadot (DOT)
Second on our list of altcoins to watch is Polkadot (DOT), a very successful blockchain interoperability protocol that aims to make it easier for various chains to share data. As more people want to communicate across different chains, the ecosystem around Polkadot will grow. Therefore, DOT should be among the best options for anyone looking for altcoins.
On the YTD chart, the price of DOT increased from $5.71 to $6.57. During this time, Polkadot market cap also jumped from $6.75 billion to $9.45 billion. Additionally, more than five technical indicators show bullish signals for Polkadot coin. Therefore, experts predict that this altcoin will rise to $8.68 in Q2 2024.
Hedera (HBAR)
Next, we should mention Hedera (HBAR), an altcoin that has shown resilience through many market declines. It is a decentralized public network that allows people and companies to create high-performance dApps. Because of this benefit, many investors turn to Hedera coin.
Over the last 30 days, Hedera price has fluctuated between $0.07 and $0.17 and its market cap has ranged from $3.64B to $3.48B. Moreover, technical analysis for Hedera coin is showing bullish signs with 17 indicators flashing green. As a result, market analysts predict this altcoin to trade at $0.18 before the end of Q2 2024.
Aptos (APT)
Aptos (APT) is another of the top altcoins right now. This project is an L1 blockchain focused on scalability and reliability. If DeFi continues to advance and become more sophisticated, there could be explosive growth in the ecosystem surrounding Aptos, which would lead to an increase in the value of APT.
The price of APT has fluctuated between $17 and $8.60 over the last 30 days. During this time, Aptos trading volume increased by 25% to $225 million. Experts remain bullish as Aptos coin is trading above its 50-day EMA. For Aptos, they forecast a potential rise to $11.61 in Q2 2024.
Cardano (ADA)
Finally, Cardano (ADA) is one of the altcoins to watch during this market decline. Cardano is a third-generation blockchain platform designed to solve the scalability, interoperability, and maintainability issues of first-generation blockchains. As people build more projects on Cardano, demand for this altcoin may increase.
Over the past 12 months, Cardano price increased from $0.39 to $0.43. In addition, Cardano market cap increased from $13 billion to $15.69 billion during this time. In addition, five technical indicators show buy signals for this altcoin. As a result, market analysts predict that Cardano coin could be worth $0.58 before the end of Q2 2024.
Final Thoughts on the Best Altcoins to Buy
According to the sponsored content sender, while the cryptocurrency market is temporarily declining, it is unknown whether it may rise in the future. It is wondered whether KangaMoon, Polkadot, Hedera, Aptos and Cardano, whose future is uncertain, can rise after the decline.
It is wondered whether KangaMoon’s low market value, whose future is uncertain, will be able to rise. Reportedly, KangaMoon has a market capitalization of $19.6 million, which allegedly means it needs less new funding for its price to rise.
Click to review KangaMoon token from its official website.
Click for Telegram account.
*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!
