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.
2024 has just begun and traders are already looking at altcoins that could skyrocket up the price charts. The crypto market shows great potential and smart investors are already eyeing promising altcoins.
5 Altcoins to Follow in 2024
Here are the predicted altcoins to follow in 2024:
- KangaMoon (KANG)
- Solana (LEFT)
- Cardano (ADA)
- Chainlink (LINK)
- Polygon (MATIC)
Take an in-depth look at these five altcoin projects and determine whether they will explode the crypto industry.
KangaMoon (KANG)
According to the sponsored content sender, KangaMoon (KANG), whose future is uncertain, is unknown whether it will be successful in the altcoin market. KANG is positioned as the official in-game currency of a game earned by playing, so it will allegedly have real utility. It is claimed that players can purchase in-game items and upgrade their characters with it. It is not certain, it may fail.
Currently, this project is in Phase 3 of its pre-sale, and one KANG token is claimed to be sold for just $0.01125, which is a 125% increase from the starting price, according to the team. In this way, over 670 thousand dollars were collected and it is claimed that there are no signs of slowing down.
Presales are also different from other presales. Sharing posts and engaging with comments will unlock opportunities for users to earn additional tokens, further increasing demand. The project is new and its future is uncertain, and the investment carries the risk of loss.
Experts in the crypto space claim that there is a potential rise when it reaches the stock exchanges in the 2nd quarter of 2024, there is a risk that it may fail. Considering that the P2E NFT gaming market is predicted to reach a value of $885 million by 2028, it is claimed that some meme coins may experience a rise.
Solana (LEFT)
Solana (SOL) is in a class of its own in terms of blockchain platforms. It is designed to support decentralized and scalable applications, but what sets it apart from competitors like Ethereum is how many transactions per second it can process with lower fees along the way.
Solana’s price has jumped from $93 to $139 in the last 30 days alone. During this period, its market value increased from $41 billion to $62 billion. Moreover, this altcoin is currently trading above its 50 and 100-day EMAs. For all these reasons, market analysts predict that Solana will reach $171 in Q2 2024.
Cardano (ADA)
Cardano (ADA) is on its way to becoming one of the top altcoins. Its blockchain is much more flexible, maintainable and scalable than Ethereum’s. Developers can create new smart contracts, which are an important tool for creating decentralized finance applications, new cryptos, and even gaming platforms.
The price of Cardano has been on the rise in the past month, rising from $0.49 to $0.73. During this period, the market cap of this altcoin increased from $17.50 billion to $26.18 billion. Additionally, 27 technical indicators are showing buy signals for Cardano crypto. Therefore, experts predict that Cardano price predictions will rise to $1.14 in the 2nd quarter of 2024.
Chainlink (LINK)
Chainlink (LINK) is the cornerstone of Web3 services. It is the Oracle network that decentralized applications rely on to access real-world data and off-chain computation across multiple blockchains. It is a universal gateway that allows global businesses to connect to any blockchain.
According to CoinMarketCap data, Chainlink price increased from $18.73 to $19.92 last month. During this period, its market value also increased from $10.92 billion to $11.69 billion. This altcoin is currently trading above its 100 and 200-day EMAs. Therefore, market analysts predict that Chainlink crypto could reach its value of $32 in Q2 2024.
Polygon (MATIC)
Polygon (MATIC) is a scaling solution that aims to provide a variety of tools to speed up transactions. It will also reduce the costs and complexity of working on blockchain networks. MATIC is one of the altcoins to watch as it has been showing green charts lately.
In fact, Polygon price has increased from $0.78 to $1.14 in the last 30 days alone, and Polygon market cap has increased from $7.60 billion to $11.24 billion. Additionally, technical analysis for this altcoin shows a bullish picture as 25 indicators are in the green.
Why Is KangaMoon One of the Best Altcoins?
According to the sponsored content poster, while all these altcoins are worth watching, one wonders what the future holds for KangaMoon. First, it has ties to the P2E NFT gaming market, which is an emerging market. According to Research Reports World, this market will grow at a compound annual growth rate of 17.93% between 2023 and 2030.
As this market continues to rise, KangaMoon will strategically benefit from it, provided its team remains loyal and the project is successful. In the upcoming P2E game, players will connect with others, battle with them, and earn in-game items or cryptocurrency as rewards.
Secondly, KangaMoon is still in its early stages. As most experienced investors know, buying promising projects early can yield tremendous returns. Currently, KANG has a low market cap of $11.25 million. Its future is uncertain.
Closing Thoughts on 5 Altcoins
According to the content poster, diversifying your portfolio gives you access to a wider range of projects that can bring you big profits. Each of these altcoins was therefore created to address a specific problem in the crypto space. Each has unique characteristics, so choosing just one would be unfair to you as an investor.
Click to review KangaMoon token.
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!
