Home
News
The cryptocurrency market has been fluctuating a lot lately, so it is hard to say whether we have already seen the highest point of altseason. In this article, we will discuss the five top altcoins that are trending right now: KangaMoon (KANG), Solana (SOL), Polygon (MATIC), Filecoin (FIL) and Gala (GALA).
The Most Promising Altcoins To Watch In 2024
KangaMoon (KANG): Combining SocialFi and P2E
The first member of our top altcoin list is KangaMoon (KANG). This rising presale star has raised over $5.9 Million and is predicted to earn around $7 Million by the end of May 2024. Interest is bound to increase as KangaMoon announces a new RaidSharks partnership that will bring thrilling raids and a $1,000 monthly reward pool.
KangaMoon is perfectly positioned for success within the Play-to-Earn (P2E) gaming market since it will also bring SocialFi features. To clarify, KangaMoon now offers free KANG tokens to its most active community members. Therefore, over 20,000 registered users rush to like/comment/share KangaMoon’s social media posts – creating the most active community.
Essentially, KangaMoon will launch a P2E game in which KANG will be the main in-game currency. With this altcoin, you can buy in-game items and upgrade your characters. Additionally, KangaMoon aims to provide all holders of this altcoin with regular challenges for extra tokens and in-game items.
Currently, one KANG token costs just $0.0196 in Stage 5 of its presale – a 290% pump from its starting price of $0.005. With over 5,800 KANG holders already, the future of this altcoin looks bright. Thus, experts forecast a potential 50x rise once a Tier-1 CEX lists KANG in Q2 of 2024. Because of all these factors, KANG is emerging as one of the best altcoins to buy.
Solana (SOL): A Robust Blockchain Platform
Next, we have to talk about Solana (SOL), one of the top altcoins at the moment. A powerful blockchain platform, Solana features fast transaction speeds and low costs. Recently, the price of SOL has soared. CoinMarketCap data shows it rose from $22.83 to $134 in the past year alone. The Solana market cap pumped from $8 Billion to $60 Billion in that period.
Moreover, the technical analysis for this altcoin also shows bullish signs. For example, the Solana crypto trades above its 100 and 200-day EMAs while eight technical indicators are green. Thus, prominent analysts have made a bullish Solana price prediction. They foresee this altcoin to soar to $177 before Q2 of 2024 ends – making Solana one of the altcoins to monitor.
Polygon (MATIC): A Leading L2 Solution
The third member of our top altcoin list is Polygon (MATIC). It has established itself as the principal L2 scaling solution on Ethereum, removing network congestion and high gas fees. Over the past week, the Polygon price fell from $0.99 to $0.74, according to CoinMarketCap. Its market cap dropped from $9.87 Billion to $6.95 Billion during that period.
However, the technical analysis for this altcoin remains bullish. The Polygon crypto is trading above its 200-day EMA while having four bullish technical indicators. As a result, market analysts predict that the Polygon price may hit $1.10 before the end of Q2 2024.
Filecoin (FIL): Improving Decentralized Storage
In second-to-last place, we have Filecoin (FIL), another good altcoin to buy. Its goal is to transform distributed storage by offering a secure and efficient way of storing and accessing data. The increasing need for decentralized storage solutions has made Filecoin stand out among other altcoins.
On the weekly chart, the Filecoin price has fallen from $6.59 to $5.86. In that period, the Filecoin market cap also sank from $3.59 Billion to $3.19 Billion. However, this altcoin is now trading above its 100-day EMA. Not only that, but five technical indicators are in the buy zone for the Filecoin crypto. Thus, experts predict this altcoin will surge to $7.57 within Q2 of 2024.
Gala (GALA): Disrupting the Gaming Industry
Finally, we will mention Gala (GALA) – an altcoin that could redefine the gaming industry. Gala uses a system built around blockchain technology to give players true ownership of their in-game assets. It is expected that Gala will grow at an exponential rate since it has partnered with big gaming companies and has a strong following.
Over the last year, the Gala price increased from $0.038 to $0.043. The Gala market cap grew from $259 Million to $1.31 Billion during that period. Not only that, this altcoin is trading above its 50 and 100-day EMAs. As nine technical indicators are also green, experts remain bullish. They forecast a rise to $0.071 before Q2 of 2024 ends.
What Is The Best Altcoin To Purchase In 2024?
While KangaMoon, Solana, Polygon, Filecoin and Gala are altcoins to watch, one stands out. Notably, KANG has a low market cap of $19.6 Million, which means it will surge much faster as it needs fewer new funds. Therefore, KANG may lead the pack as the altcoin season is just starting.
Why Add Altcoins To Your Portfolio?
Adding altcoins to your portfolio can diversify it, thus increasing potential returns. Additionally, altcoins may yield substantial profits since many propose radical technologies and solutions that may interrupt multiple already-established sectors.
KangaMoon (KANG): The Best Altcoin To Watch
Now, let’s see what has made KangaMoon gain so much traction:
– Meme Appeal: KangaMoon also serves as a useful meme coin. With this appeal, it will capitalize on the meme coin market, worth $47 Billion.
– P2E Gaming: Since it is also tied to the P2E gaming market, KangaMoon taps into a flourishing industry that Yahoo Finance predicts will reach $885 Million by 2028.
– Community-Driven Focus: KangaMoon focuses on giving back to its community by offering free KANG before its official launch and giveaways and challenges for extra tokens.
Final Thoughts on the Top 5 Trending Altcoins in 2024
Although there may be ups and downs during altcoin season, the possibility of making huge profits remains. We believe these 5 are the top altcoins to watch for maximum returns. If you are interested in KangaMoon’s presale, sign up using the links below and get a 10% bonus on each purchase.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com and all its authors do not, and will not endorse any information on any company or individual on this page. Readers are encouraged to do their research and take any actions based on their findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com and all its authors do not and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
Contact :linkedin
