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A spot Ethereum ETF may launch soon; Therefore, it is very important to start determining your strategic place in the market. Altcoins to watch in 2024, according to the sponsored content poster: KangaMoon (KANG), Algorand (ALGO), Ondo (ONDO), Celestia (TIA) and Fetch.ai (FET).
It is claimed that it may include KangaMoon (KANG), whose future is uncertain according to the sponsored content sender. This fast-growing pre-sale phenomenon has already raised over $5.6 million in funding and is predicted to reach $6 million before the end of April 2024. On top of that, a new strategic partnership with RaidSharks promises increased participation through a “$1,000 monthly prize pool.” The future is uncertain and there is risk.
According to the content submitter, KangaMoon will create its own P2E game to stand out. In this game, players will use KANG to purchase in-game items and even upgrade their characters. Additionally, KangaMoon will give all KANG owners access to weekly, monthly or quarterly challenges for extra in-game items or rewards. It is not certain, it may fail.
According to the content poster, they also do their best to give back to the society. This can be seen in the fact that KangaMoon now gives away free KANG tokens to the most active members of its community. As a result, over 20,000 registered community members are rushing to comment/share/like KangaMoon’s social media posts and earn KANG before its official launch. It is uncertain whether it will be successful or not.
According to the content poster, the KANG token costs only $0.0196 as it is in Phase 5 of its presale. With the P2E gaming market predicted to reach $885 million by 2028, it is unknown whether KANG’s future will be successful.
Algorand (ALGO): Another Member of the Top Cryptocurrencies
Algorand (ALGO) took second place in our top 5 cryptocurrencies list. CoinMarketCap data shows that Algorand price has increased from $0.17 to $0.22 in the past week alone. Its market value also increased from $1.41 billion to $1.86 billion during this period. With the level of interest that the Ethereum ETF could bring to the crypto market, Algorand is poised to see significant gains.
Technical analysis for Algorand crypto also draws a bullish chart. For example, Algorand is currently trading above its 21 and 50-day EMAs. Additionally, 28 technical indicators for ALGO are currently blinking green. Therefore, market analysts predict that Algorand price may reach $0.34 before the end of Q2 2024.
Ondo (ONDO): Approximately 450% Upside
Next, we should talk about Ondo (ONDO), one of the biggest gainers of the past month. According to CoinMarketCap data, Ondo price increased from $0.089 to $0.87 during this time – almost 450% growth. Simultaneously, ONDO’s market capitalization increased from $404 million to $1.22 billion.
From a technical analysis perspective, Ondo coin may continue this uptrend. Currently, 16 technical indicators are in the buy zone for Ondo. Therefore, analysts have predicted a bullish Ondo price of $1.27 in Q2 2024. This makes Ondo a good crypto to buy before an Ethereum ETF is formed.
Celestia (TIA): A Green Crypto Trade
Celestia (TIA) ranks second to last on our list of the best cryptos to buy. CoinMarketCap data shows that Celestia price rose from $10.70 to $11.70 in the last seven days, increasing its market cap from $1.91 billion to $2.09 billion. Crypto analyst CryptoBullet predicts that Celestia value could rise to $130 soon.
TIA’s technical analysis also supports this price prediction. For example, there are currently 13 technical indicators in green for Celestia crypto. With the upcoming Ethereum ETF approval, countless new traders may turn to Celestia to make huge gains. Therefore, experts predict that Celestia will rise to $17.81 before the end of Q2 2024.
Fetch.ai (FET): Showing Growth
Finally, we should talk about Fetch.ai (FET), a crypto that has been making headlines recently regarding its performance. In the past week alone, the Fetch.ai price rose nearly 25% from $2.02 to $2.52, and its market cap jumped from $1.70 billion to $2.14 billion during that time.
While the technical analysis of the Fetch.ai crypto also draws an upward trend, analysts claim that its future looks bright. For example, FET is currently trading above its 100 and 200-day EMAs, while 28 technical indicators are showing the green. As a result, market analysts predict Fetch.ai to reach a valuation of $3.25 in Q2 2024, making it another good crypto to buy.
Will KangaMoon Be Successful?
The main reason why KangaMoon, whose future is uncertain, is considered a watchable crypto investment option, according to the sponsored content poster, is that it may have a small market cap of $19.6 million. This means much less new funds need to be injected for its price to rise compared to Algorand, Ondo, Celestia and Fetch.ai.
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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!
