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The crypto industry has transformed from a million-dollar industry to a $2.54T industry. Although the market is highly volatile, there has been massive adoption of crypto tokens over the years. Despite this, new projects are launched on the market every day. But the real question is whether these projects are profitable in the short term or long term.
While crypto offers more value than fiat currencies, not all of them are profitable. According to the sponsored content sender, there are some coins with ambitious upside potential in May. According to market trends and detailed analysis, KangaMoon, Solana, BNB, Ethereum and Litecoin are claimed to be trackable cryptocurrencies with an uncertain future.
KangaMoon (KANG): Can It Rise This Year?
According to the sponsored content sender, it is unknown whether the KangaMoon (KANG) project, whose future is uncertain, will be successful in the cryptocurrency field. Unlike other meme tokens that have no real benefit, KangaMoon, whose future is uncertain, may allegedly have benefits. Native token KANG serves as a reward for players on the platform. Users who participate in KangaMoon social media campaigns are rewarded with tokens. It is a project with an uncertain future.
According to the content submitter, the futuristic KangaMoon ecosystem will combine the structure of GameFi and SocialFi to create a vibrant community for meme enthusiasts. In essence, every challenge in the ecosystem is a chance to win prizes and rewards. These rewards, which come in the form of virtual currency and rare in-game assets, are then bought and sold in the game’s marketplace. It is not certain, there is a risk.
Presale, which has attracted the attention of many buyers and traders and is still ongoing, has now become a trend in the market. Market data shows KangaMoon has more than 20,000 community members. Surprisingly, the presale, which started with a base price of $0.0050, is currently selling for $0.0196. However, there is a risk of investment loss if it cannot be listed on stock exchanges.
It is unknown whether the team will be able to list KANG on the stock exchanges in the 2nd quarter. Therefore, it is claimed that there may be a possibility for KANG to trade at $1 within the year.
Solana (SOL) Price Will Rise As Expert Announces Locked Solana Tokens Will Be Auctioned
Launched in 2020, Solana has become one of the most popular blockchains in the crypto space. Solana, one of the best networks using PoS and PoH mechanisms, allows fast and faster transactions while also offering cheaper transaction fees. SOL token is used to pay transaction fees across the network.
Meanwhile, Solana continued to grow its network. After several glitches over the past few months, Solana has released updates to overcome network congestion. This shows that the network prioritizes user well-being.
In the latest Solana news, Mike Cagney hinted that locked Solana tokens from FTX Estate will be auctioned soon. This could trigger a rally soon. Meanwhile, market data shows that Solana’s price has increased by 10% in the past week. All Solana key market indicators such as trading volume and market cap are in an uptrend. Some analysts predict Solana will reach $500 within the year, while others predict the price will reach $200 in May. Therefore, now is the best time to invest in the token.
Binance (BNB): One of the World’s Largest Crypto Platforms
Binance was launched in 2017 and has risen tremendously, becoming one of the top 5 cryptocurrencies in the world. Originally priced at $0.11, the BNB token is worth approximately $594 today. Binance has its own BNB chain, which includes the BNB smartwatch chain and the BNB beacon chain.
Binance limited the Coin supply to 200 million, creating a shortage of the token. This helped the value rise and stabilize. The token burning mechanism also helps reduce the supply and stabilize the price. Additionally, with the BNB smart chain, developers can develop decentralized applications and run more smart contracts.
Regarding market performance, data from CoinMarketCap shows that the BNB price has increased by 9% in the past month and 7% in the past week. The trading volume and market value of Binance Coins are in an upward trend. Therefore, a rise of up to $700 is possible in May. If you are looking for an established top crypto to buy that will be profitable in 2024, BNB should be considered.
Ethereum (ETH): A Peer-to-Peer Blockchain That Ensures Secure and Fast Transactions
Ethereum (ETH) is one of the best decentralized blockchains that promote secure digital transactions. It runs an application code known as a smart contract and allows users to easily trade with each other. Ether is the native currency used to process all transactions on the blockchain.
In terms of market performance, Ethereum’s price has been increasing marginally over the last few days. After struggling with the bear trend for days, Ethereum price stabilized above the $3000 support zone. Some analysts believe that the Ethereum price will reach $5000 in May, with rumors that the SEC will approve the Ethereum ETF in May.
According to CoinMarketCap, the price of Ethereum gained 3% in the past week. With the Fear and Greed index showing a volatility of 91.5 and Greed at 68%, Ethereum is quite bullish and now might be the best time to invest in the top altcoin. Therefore, Ethereum is one of the best cryptos to buy right now.
Litecoin (LTC) Price Expected to Rise as Grayscale Adds 32K LTC
Launched in 2011, Litecoin was designed to provide fast, secure and low-cost payments by leveraging Blockchain features. Apart from Bitcoin, Litecoin is the most popular pure cryptocurrency. Latest data shows that Litecoin is the most widely accepted cryptocurrency. In March, Litecoin beat Bitcoin to become the world’s leading crypto payment processor on Bitpay.
Meanwhile, positive Litecoin news has started to come in recently. A few days ago, popular crypto investor Grayscale added 32 thousand LTC coins to its holdings as Litecoin became the top cryptocurrency for payment.
Additionally, according to CoinMarketCap data, the Litecoin price increased by 10% last week. Litecoin trading volume and market cap are witnessing a rally. Top crypto analyst Jonathan Carter has set Litecoin’s medium-term target at the $280 resistance zone. Therefore, Litecoin is one of the best cryptos to buy for long-term profits.
Final Thoughts
After a careful analysis of the crypto market, according to the sponsored content poster, the above cryptos are claimed to be trackable projects in May. Note that this is not financial advice. It is recommended that you do more research before investing.
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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!
