According to the co-founder of BitMEX, this current phase of price consolidation in the altcoin market is an ideal opportunity. People who want to accumulate crypto assets shouldn’t miss it. The co-founder believes that this consolidation period will not last long. Individuals should take advantage of the dip in prices to buy into the market. Macroeconomic factors will trigger the next bull wave, especially when Bitcoin starts rising again.
By doing so, you can potentially benefit from the expected price surge that may follow the current phase of consolidation. However, in your bid to start accumulating crypto tokens before the next bullish wave, don’t hesitate to consider these tokens: Arbitrum (ARB), Avalanche (AVAX), Jupiter (JUP), Cosmos (ATOM), and KangaMoon (KANG). Offering features and showing growth potential, these top altcoins can appreciate substantially this year.
With a Current 400% Price Increase, KangaMoon is Already Predicted to Hit $1 This Year
Recently, KangaMoon (KANG) hit a 400% price increase milestone from its initial $0.005, which demonstrated a shift in the new $KANG selling price to $0.025. However, there’s more to KangaMoon’s progressive movement than what is shown. Now, in joint partnership with RaidShark, KangaMoon takes yet another bold step. It will boost engagement alongside its current SocialFi contest, which entails sharing or commenting on KangaMoon’s posts.
Coupled with the development highlighted above, KangaMoon has entered its bonus stage. It raised its revenue above a whopping $6.6 million and aims to hit $8 million before the presale ends. Interestingly, KangaMoon has also been able to attract around 23,000 people to its community. 6,000 of them are $KANG token holders.
Moving on, what specifically makes KangaMoon a standout new comer in the meme coin market is its platform offers GameFi and SocialFi users the opportunity to earn passively through engaging gameplay. KangaMoon offers a battle mode feature that lets users participate in contests and challenges and win $KANG tokens as rewards. In addition to this, you can also bet on battle outcomes for token prizes.
Standing out from other meme coins, KangaMoon also offers a utility-packed token. That could be used to enjoy its battle mode immersive gameplay through upgrading avatars, skins, and other in-game assets. This token can potentially attract a lot of attention from both the P2E and DeFi markets. It could be a top player in the altcoin market.
Arbitrum’s (ARB) Scalability Benefits Could Attract Attention and Adoptions
Ever since Arbitrum was launched in 2021, it has maintained a status quo as one of the top trending cryptos. The native ARB token works to boost Ethereum’s scalability and transaction throughput. This unique feature is one that has kept Arbitrum relevant for years. It now holds over $2.7 billion market cap.
Arbitrum also uses Optimistic Rollup technology, which is a unique feature that enables transaction validity on layer 2 protocols. This means that results are stored on Ethereum, and there is a dispute period to contest any potential issues. This also acts as a potential for Arbitrum to gain more popularity in the future. Thus, it stands a chance to rise in value.
Avalanche (AVAX) Has Tapped Into The DeFi, Gaming, RWAs and NFT Market
Avalanche (AVAX) is a decentralized platform on the blockchain that was developed to facilitate the launch of enterprise blockchain deployments and DApps. Its native token, AVAX, can be utilized for multiple purposes within the Avalanche ecosystem, including transaction fee payment, staking, and governance.
With a commendable growth trajectory so far, the Avalanche token is already a top choice among top altcoins to consider this year. Aside from being useful to DApps, Avalanche has also captivated several other crypto sectors. For instance, last year, Avalanche saw a significant increase in real-world asset (RWA) activity in late 2023, with a 44.7% rise in daily market cap, indicating growing interest in tokenizing and trading real assets on the network.
Jupiter is a DEX on The Super Solana Network, with Over 40% of Its Tokens Allocated for Airdrops
Jupiter (JUP) is another decentralized exchange that operates on the Solana Network, meaning it has access to super-fast token transactions and scalability. It was actually created in 2021 by a group of developers who go by the pseudonymous name Meow. Since its inception, Jupiter has been able to keep up impressive growth. Just last month, it was commemorated for having the highest number of unique active wallets.
Jupiter’s platform has a utility and governance token – $JUP, which facilitates most of the activities in the decentralized ecosystem. Interestingly, 40% of the total supply of the Jupiter token was reserved solely for its airdrop, which had already taken place on January 31, 2024. Ultimately, Jupiter holds ample potential for ranking among promising tokens in the altcoin market.
Cosmos (ATOM) Contributes to the Future of Seamless and Sustainable Crypto Utility
Cosmos (ATOM) is a blockchain network that boasts of being highly adaptable, scalable, potent, and compatible, making it stand out from other interconnected blockchains. It particularly uses a special algorithm called the “Tendermint Byzantine Fault Tolerant algorithm” for the formation of its decentralized network. So, even when dealing with potentially malicious nodes, the Cosmos decentralized network can still reach a consensus.
That said, Cosmos aims to become the “Internet of Blockchains,” with its mainnet, called Cosmos Hub, acting as the crucial link that connects different blockchains, known as zones. Once these zones are connected, token transfer between them becomes fast, secure, and seamless. Its $ATOM native has also shown an impressive price trajectory in the past few years. Although the Cosmos token lies at its lowest levels, the next bullish wave could possibly hike its price.
Which Is More Plausible: A $5 or $10 Valuation for KangaMoon Next Year?
KangaMoon is already showing signs of hitting $1 this year, as its token just increased by 400% to $0.025. When it finally gets listed on top-tier exchange platforms, KangaMoon can potentially get close to $5 by next year. At the same time, a $10 valuation has only a slight chance of possibility next year.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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