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Diversification is very important in this environment where everything changes every second. However, we recommend that you do detailed research when investing and then make your transactions. In this sponsored article the content poster puts his bets on some cryptocurrencies.
9 cryptocurrencies that can be tracked
- KangaMoon (KANG)
- XRP (XRP)
- Avalanche (AVAX)
- Polkadot (DOT)
- Tron (TRX)
- Toncoin (TON)
- Uniswap (UNI)
- Cosmos (ATOM)
- Hedera (HBAR)
The content poster will look at all these cryptocurrencies and find out which one may stand out.
KangaMoon (KANG)
According to the sponsored content poster, one wonders whether KangaMoon (KANG) will be successful in the crypto market or whether it will be a disappointment. A play-to-win game (P2E) will make it the main in-game currency, and one wonders if a meme coin could turn into something much bigger. With this money, players can buy in-game items and upgrade their characters. It is not certain, it may fail, there is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Yet, in Phase 3 of its presale, one KANG token is only $0.01125. The fact that the funds raised in these pre-sale stages have already reached over $600,000 gives great momentum. However, as more people get involved in the project, $700,000 will be reached very soon. The future is uncertain, the investment carries the risk of loss.
According to its team, KangaMoon uses social media engagement to encourage its users. Sharing posts and actively participating in comments earns you extra tokens, which has led to an increase in the demand for this cryptocurrency.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Although still a long way off today, experts believe that by 2028, the P2E NFT gaming market will reach a value of $885 million. When these predictions are put together, one wonders whether KANG will be successful or not. If the team does not remain loyal, the project may fail and all investments may be lost.
XRP (XRP)
Ripple Labs uses the XRP cryptocurrency to speed up transactions on its network. It exists to make it easier for people to send money and convert currencies globally. Recently, XRP’s price action has been making headlines.
XRP price has increased from $0.50 to $0.62 in the last 30 days alone, and its market cap has increased from $27.22B to $33.93B during this time. XRP crypto is trading above its 100 and 200-day EMAs. For this reason, experts predicted the price of XRP, stating that it will rise to $ 0.84 in the 2nd quarter of 2024.
Avalanche (AVAX)
Avalanche (AVAX) is a cryptocurrency and blockchain network that claims to be a rival to Ethereum. It aims to enable developers to create their own private or public blockchains by combining a high-performance blockchain with powerful programmability.
Avalanche price increased from $33.95 to $42.82 last month. The market value of this cryptocurrency increased from $12.49 billion to $16.15 billion during this period. Not only that, the technical analysis for AVAX is drawing a bullish chart as 23 technical indicators are flashing green. As a result, market analysts predict it will rise to $58 in Q2 2024.
Polkadot (DOT)
Polkadot (DOT) wants to connect blockchains that have never been compatible before. He wants to do this quickly and on a large scale. This is just one of its many benefits, but you can also use Polkadot’s network to transfer value and data between different networks.
CoinMarketCap data shows Polkadot price rising from $6.67 to $10.45 on monthly charts. Its market value increased from $8.97 billion to $13.46 billion during this period. Additionally, technical analysis for Polkadot coin also shows bullish signs. For example, 25 indicators are flashing green. Therefore, market analysts predict that the price will rise to $14.20 in the 2nd quarter of 2024.
Tron (TRX)
Using blockchain and peer-to-peer (P2P) networking technology, Tron (TRX) will allow creators to sell their work directly to consumers without any intermediaries. The currency they use on their network, TRX, allows users to pay creators directly for their content.
Recently, Tron has been showing green price charts. According to CoinMarketCap data, Tron price increased from $0.12 to $0.13 in the last 30 days, and its market cap increased from $10.68 billion to $12.05 billion during this period. Sentiment for this crypto is bullish as Tron is trading above its 100 and 200-day EMAs. Therefore, experts predict that it will rise to $0.19 in Q2 2024.
Toncoin (TON)
Toncoin (TON) is the cryptocurrency of the TON network. It is used for network transactions, transactions and in-app purchases on the platform. Additionally, the app allows you to send crypto to other users via Telegram wallets without commission fees.
When it comes to Toncoin price, it increased from $2.05 to $2.70 last month. The market value of this cryptocurrency increased from $7.09 billion to $9.37 billion during this period. Moreover, Toncoin is currently trading above its 100 and 200-day EMAs. Over 24 technical indicators are flashing green for this crypto. For this reason, experts predict a rise for Toncoin to $ 3.45 in the 2nd quarter of 2024.
Uniswap (UNI)
Uniswap (UNI) is a decentralized exchange that helps create peer-to-peer markets. Trading crypto using Uniswap allows you to trade without going through third-party intermediaries. Uniswap exchange is also open source, meaning anyone can access its code.
Uniswap price has jumped from $6.13 to $14.83 in the last 30 days, an increase of almost 1,500%. Its market value also increased from $3.75 billion to $8.87 billion during this period. With more than 26 technical indicators in the green, market analysts predict Uniswap to trade at $19.88 in Q2 2024.
Cosmos (ATOM)
Cosmos (ATOM), called the “internet of blockchains” by its creators, is the connection between crypto networks. Its goal is to create a collective network of individual networks that will make transactions easier and more efficient. Doing this aims to create an environment where different networks can share data.
CoinMarketCap data shows that Cosmos price increased from $9.08 to $13.89 in the past month. Its market capitalization also jumped from $3.53 billion to $5.40 billion during this time. Experts remain bullish as 19/30 has a green trading day. Experts predict a potential rise to $19.16 in Q2 2024.
Hedera (HBAR)
Hedera (HBAR) operates as a cryptocurrency network. In addition to being able to transact and distribute applications through the platform, a wide range of businesses run software operations.
From a price perspective, Hedera is experiencing a bullish wave. In fact, Hedera price increased from $0.076 to $0.133 on the 30-day charts. Additionally, its market capitalization increased from $2.47 billion to $4.50 billion during this time. As it is currently trading above its 100 and 200-day EMAs, experts predict that Hedera crypto will reach $0.18 in Q2 2024.
Final Thoughts on the Best Cryptocurrency to Invest in 2024
The crypto world is constantly changing and it’s hard to keep up. However, this dynamic environment offers significant returns if you choose the right cryptos. Among the multitude of currencies, few diamonds stand out in the rough.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Among these cryptocurrencies, KangaMoon is a new project, so there is a risk that its future is unknown. First, it has a low market cap of $11.25 million. In other words, it is claimed that KANG’s price may rise if the team remains loyal and the project does not disappoint. All these other cryptos will rise, but at a slower pace. Secondly, KANG has ties to the P2E NFT gaming market, which is an emerging market.
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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!
