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Experienced investors know that when the cryptocurrency market declines, it can be an excellent time to diversify their portfolio. With Bitcoin (BTC) recently dropping to as low as $66,000, investors are now turning to altcoins that can provide returns.
KangaMoon (KANG): One of the Best Altcoins
According to the sponsored content poster, there is an up-and-coming KangaMoon (KANG) project that wants to be a unique crypto that brings something new. Its community-oriented focus and innovative features can dominate the P2E games market. KANG will be a meme coin with real utility, serving as the in-game currency for KangaMoon’s upcoming P2E game. However, its future is uncertain. Avoid taking action on projects where you do not trust the team and the project.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
KangaMoon also emphasizes its community. Traders can get this altcoin for free before its official launch by becoming active members of its community. For example, sharing/liking/commenting on KangaMoon’s social media posts will reward you greatly. This fact helped him get the most active meme community.
KANG is currently in Phase 4 of its presale and in the meantime this altcoin is available at a discount. It costs just $0.014, a 180% increase from its original price of $0.005. KangaMoon has allegedly raised over $2.5 million already and could reach $3 million before the end of March. It is not certain, it may fail.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
In addition to all these facts, KangaMoon is also associated with the P2E NFT gaming market, which is expected to grow to $885 billion by 2028, according to Yahoo Finance. It is unknown whether the future of the project will be successful.
XRP Price Continues Its Rise
Next up is XRP (XRP), an altcoin that has been on a bullish wave lately. According to CoinMarketCap data, the XRP price increased from $0.54 to $0.63, an increase of 16% in the last 30 days. During this period, the market value increased from 29.40 billion dollars to 34.83 billion dollars.
From a technical analysis perspective, XRP crypto may continue this uptrend. For example, 24 technical indicators are showing buy signals for this altcoin. XRP is also currently trading above its 100 and 200-day EMAs. For all these reasons, experts in the crypto space predict that XRP could reach a value of $0.87 in Q2 2024.
Cardano Price Analysis: Growth Ahead
Cardano (ADA) is another member of the altcoins to watch as it is experiencing notable gains. Cardano price increased from $0.59 to $0.64 in the last month alone. During this time, it also saw growth in market capitalization, rising from $21 billion to $22 billion.
The technical analysis of this altcoin also draws a bullish picture. Notably, Cardano crypto transactions are above its 100 and 200-day EMAs. Additionally, there are currently 20 technical indicators in green for Cardano. Leading market analysts point out these factors when making Cardano price predictions. Therefore, they predict Cardano to reach $0.85 in Q2 2024.
NEAR Protocol (NEAR) Shows Bullish Momentum
Another altcoin, NEAR Protocol (NEAR), also took its place on our list. Over the past 30 days, NEAR Protocol has experienced a huge rise. In other words, its price rose from $3.24 to $6.70, representing a 100% increase. NEAR Protocol market cap increased from $3.39 billion to $7 billion during this time.
Sentiment is bullish for this altcoin as 22 technical indicators are currently in the buy zone. Moreover, NEAR Protocol crypto is trading above its 50 and 100-day EMAs. As this momentum looks set to continue, various experts have made NEAR Protocol price predictions. They predict NEAR will rise to $8.26 before the end of the 2nd quarter of 2024.
Polygon (MATIC) Remains an Altcoin to Watch
Finally, there is Polygon (MATIC) making headlines in the altcoin scene. According to CoinMarketCap data, Polygon price increased from $0.97 to $1.01 in the past month. Additionally, its market capitalization jumped from $9.40 billion to $10.05 billion during the same period.
Technical analysis for Polygon also shows bullish signs. For example, this altcoin has 21 technical indicators in green. Crypto experts remain bullish as Polygon is trading above its 100 and 200-day EMAs. They foresee a potential price increase for Polygon to $1.44 before the end of Q2 2024.
Conclusion
While the decline in Bitcoin’s price is concerning, it opens up a world of opportunities for buyers willing to take the risk. With so many altcoins available on the market today, you are bound to find one that works well for you. Projects such as XRP, Cardano, NEAR Protocol and Polygon can be followed. Also, if the new project is KangaMoon, one wonders what its future will be like.
With a market capitalization of only $14 million, KANG will need much less new funding to raise its price.
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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!
