Home
News
Hong Kong has opened its first Ethereum ETF, marking a significant development for the crypto market. With it, several other promising altcoins are expected to grow amid the increasing adoption of cryptos. Therefore, this article will assess five top altcoins, such as KangaMoon (KANG), Render (RNDR), Arbitrum (ARB), Wormhole (W) and Ondo (ONDO).
KangaMoon (KANG): One Of The Main Altcoins To Watch
KangaMoon (KANG) is emerging as an intriguing altcoin thanks to its stellar presale performance. Now that an Ethereum ETF has been launched in Hong Kong, KangaMoon could benefit as countless new traders gain access to cryptos.
So far, this presale sensation has raised over $6M and may reach $7M before May 2024 ends. In addition, there are now over 6,000 holders of this altcoin and over 20,000 registered community members.
The community-driven focus of KangaMoon is boosting its appeal. For example, KangaMoon gives its most active users free KANG tokens. Therefore, countless traders are rushing to like and share KangaMoon’s social media posts. This development makes KangaMoon’s community the most active community in the market.
One KANG costs just $0.0196 as it is in Stage 5 of its presale. This is a 290% growth from its starting price of $0.005. However, remember that KangaMoon has ties to the P2E gaming market, projected to reach $885M by 2028. Therefore, its long-term growth potential is stellar. Experts foresee a rise to $0.5 for KANG once a Tier-1 CEX lists it in Q2 of 2024.
Render (RNDR): Redefines Cloud Rendering
Render (RNDR) is another good altcoin to watch as the Hong Kong Ethereum ETF goes live. This crypto project combines blockchain technology with cloud rendering. As demand for these services grows, Render stands out.
Regarding the potential outlook for the Render crypto, many technical indicators hint at an upward trajectory. For example, Render is now trading above its 50 and 100-day EMAs. Additionally, the price of RNDR has fluctuated between $10.72 and $7.43 in the past 30 days. Thus, market analysts predict that Render will rise to $12.17 before the end of Q2 2024.
Arbitrum (ARB): Appears On The Best Altcoin List
Arbitrum (ARB) is an L2 scaling solution for Ethereum. When the Ethereum network became congested and gas fees increased, Arbitrum provided a scalable and efficient way to execute smart contracts and conduct transactions. The release of an ETF in Hong Kong once again sparked optimism towards Ethereum-based projects.
The Arbitrum price has fluctuated between $1.65 and $1.02 in the past month alone. However, the Arbitrum crypto is trading above its 50-day EMA. Not only that, over five technical indicators are flashing green. As a result, experts in the crypto field have made a bullish Arbitrum price prediction. They forecast a potential jump to $1.71 within Q2 of 2024.
Wormhole (W): Showing Resilience Amid Volatility
Wormhole (W) is gaining attention thanks to its cross-chain interoperability. The launch of the Ethereum ETF in Hong Kong has raised awareness about projects that use various chains together. Therefore, W is a good option among altcoins for those who want exposure to such areas.
The Wormhole price surged from $0.60 to $0.64 on the 1-week chart. The Wormhole market cap also increased from $1.08B to $1.15B in that period. Additionally, eight technical indicators are showing green for this altcoin. Due to all these reasons, market analysts predict that the Wormhole coin will reach a value of $0.92 before the end of Q2 2024.
Ondo (ONDO): An Altcoin To Keep Eye On
Finally, we have to mention Ondo (ONDO), a platform created to equalize DeFi yields. With the Ethereum ETF going live in Hong Kong, interest in this altcoin may soar as countless new traders join.
Over the past 30 days, the Ondo price movement has fluctuated from $0.91 to $0.73. However, the technical analysis for the Ondo coin shows a more bullish picture. For example, around five technical indicators are flashing green for ONDO. Because of this, experts in the crypto field have made a bullish Ondo price prediction – reaching $1.20 within Q2 of 2024.
Final Thoughts On The Best Altcoins To Buy
With the Hong Kong Ethereum ETF now active, altcoins are ready for another round of explosive growth. These could be KangaMoon, Render, Arbitrum, Wormhole, or Ondo. However, KangaMoon stands out with its low market cap of $19.6M, which means it needs fewer funds for its price to rise. If interested, sign up for its presale and get a 10% bonus.
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.
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.
