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Updates surrounding a potential Ethereum ETF approval have surged among Web3 circles and have raised a high level of enthusiasm for the future of the broader market. Specifically, Franklin Templeton’s Ethereum Spot ETF ticker has shown up on the Depository Trust and Clearing Corporation (DTCC) list. This is an indication of a possibility that the SEC could approve them in the future. It’s now on the official website under the ticker symbol EZET.
As a result, while not all altcoins have experienced a major surge in value, five in particular have showcased solid promise, and high-growth potential. These include KangaMoon (KANG), NEAR Protocol (NEAR), Solana (SOL), Optimism (OP) and Litecoin (LTC). Today, we will take an in-depth look at each one to determine which is the best cryptocurrency to invest in.
Best Cryptos To Buy Today For Long-Term Financial Gains: The 5 Choices Not To Miss
The following cryptos are among some of the biggest players in the industry that have potential to surge in value and that should be a part of anyone’s crypto portfolio.
KangaMoon (KANG)
KangaMoon (KANG) is making headlines as it has raised over $6 Million with its presale even during its early stages. Based on the massive token utility, vast ecosystem and overall growth potential, it is projected that the presale can pass the $6.5 Million raised mark by the end of the month as-well.
While this monumental crypto ICO milestone has indeed gained a lot of attention, the crypto’s price increase has also been a major point of appeal, as it has risen from $0.005 to $0.0196, marking a 290% rise in value. In addition, the KangaMoon project differentiates itself through featuring a combination of Play-to-Earn (P2E) elements with Social-Fi features and a community-driven approach.
The game enables anyone the opportunity to gain control of a character, after which they can upgrade it and battle other players, or engage in tournaments to win rewards. They can win KANG tokens by doing so, or non-fungible tokens (NFTs). There will even be a dedicated marketplace on top of which anyone can buy, sell or trade them. As a result, sentiment is now bullish on its future, especially as KangaMoon partnered with RaidSharks in order to boost community engagement. Based on analyst projections, the crypto can climb 100x following its launch and major exchange listings. As the project is still in its early stages, it also provides a perfect entry point for those looking for high-ROI opportunities, making it the best cryptocurrency to invest in.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is a network that utilizes a method known as sharding in order to improve both its transaction speed and overall capacity. The network focuses on the creation of a quick and scalable infrastructure for the development and operations of decentralized applications (dApps), and leverages the power of Proof-of-Stake (PoS) in order to do so.
As for the NEAR Protocol price performance, the crypto has gone up 258.3% year-to-date (YTD). In addition, during the past two weeks, the NEAR Protocol crypto has gone up 20.4%, and within the span of a single week has risen from $6.62 to $7.57. As a result, sentiment on its future is currently bullish, and according to the NEAR Protocol price prediction this crypto can end Q4 of 2024 at a maximum price of $16.22, positioning it as the best cryptocurrency to buy now.
Solana (SOL)
Solana (SOL) has gained a reputation for being one of the quickest networks, and is known for its high speed and efficiency. The native Solana crypto is utilized for the payment of the transaction fees on top of the network. Through this platform, decentralized and scalable applications have been developed, and now it features a vast ecosystem.
The Solana price has also showcased solid on-chart metrics, as the year-to-date (YTD) climb was by 481.4%. Moreover, within the span of a single week, the crypto has gone up from a low point of value of $134.79 to a maximum price of $159.39. As a result, sentiment is bullish on its future, and according to the Solana price prediction, it can grow as high as $201.70 in 2024, making it the best cryptocurrency to buy now.
Optimism (OP)
Optimism (OP) is a network created on top of blocks which got stored on specialized smart contracts and exist on the Ethereum blockchain. This is known as the Canonical Transaction Chain (CTC). As a result, it’s a Layer-2 network which enables users the opportunity to access quick transactions, at low fees, while also utilizing the secure infrastructure originally established by the Ethereum network.
As for the recent Optimism price performance, the crypto has seen an upward momentum. Just during the past year, the Optimism crypto is up 15%, and during the past week, it increased from a low point of value at $2.28 to a maximum point at $2.76. Now, the OP price needs to break past the $3 price barrier in order to reach new heights, and if it does so, analysts project massive gains. In fact, based on the Optimism price prediction this crypto can end Q4 of 2024 at a value of $3.41, positioning it as the best crypto to invest in now.
Litecoin (LTC)
Litecoin (LTC) is one of the earliest and most popular altcoins that was created by a fork from the original Bitcoin blockchain. It has several changes in order to make the coins far more available, and to be much quicker. The cryptocurrency runs on a different mining algorithm, and was originally introduced in 2011. Since then, it has experienced a price increase, and during the past two weeks the Litecoin price has entered the green zone.
Based on the overall price momentum, the Litecoin crypto has gone up from a low point of $82.29 to a maximum value of $88.39, and at this rate could soon break past the $100 price barrier. With its positive RSI and MACD data, there is a high probability this can occur. According to the Litecoin price prediction the crypto can end 2024 at a value of $124.06.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
