As the cryptocurrency market is constantly changing, it is no wonder that traders are constantly looking for the next big thing altcoin it will give them great returns. Today we are going to talk about the 5 top altcoins that could potentially 50x their value before the summer starts: KangaMoon (KANG), Gala (GALA), Polygon (MATIC), Jupiter (JUP) and Optimism (OP).
KangaMoon (KANG): One of the Best Altcoins to Buy
KangaMoon (KANG) is the first choice on our top altcoin list. This pre-sale has already provided early buyers with a 290% ROI while reaching 6,000 KANG holders. Not only that, KangaMoon recently announced a significant partnership with RaidSharks, which will increase engagement as a monthly reward pool of $1,000 is in play.
This altcoin will be the main in-game currency for KangaMoon’s upcoming Play-to-Earn (P2E) game. With KANG, players will purchase in-game items and upgrade their characters. In addition, KangaMoon will offer all KANG holders access to exclusive challenges for extra in-game items.
But what makes KangaMoon really special is its community-driven focus. In other words, KangaMoon is now providing free KANG tokens before the launch to the most active community members. That’s why more than 20,000 people have registered as community members. They like/share/comment on KangaMoon’s social media posts to earn KANG for free.
Currently, one KANG costs only $0.0196 as it is in Phase 5 of its presale. However, market analysts claim a 50x rise is in the offing after a Tier-1 CEX lists this altcoin in Q2 of 2024. Given that the P2E gaming market is expected to reach $885M by 2028, this price prediction could come true. This makes KANG a member of the best altcoins to invest in.
Gala (GALA): An Altcoin Trade in the Green
Next, we need to talk about Gala (GALA) as one of the altcoins to watch before summer comes. According to CoinMarketCap data, this altcoin has risen from $0.040 to $0.050 in the past week alone. Moreover, its market capitalization rose from $1.24 billion to $1.53 billion in that time.
From a technical analysis perspective, the bullish trend for the Gala crypto may continue. Notably, Gala is trading above its 50- and 100-day EMAs while boasting 23 technical indicators in the buy zone. As a result, experts in the crypto field have made a bullish Gala price prediction. They predict a potential jump to $0.073 before the summer months arrive in 2024.
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Polygon (MATIC): Shows buy signals
Polygon (MATIC) also won a place on this top altcoin list. Recently, this altcoin has been riding a bullish wave, as CoinMarketCap data shows. In the past week, the Polygon price has risen from $0.69 to $0.75. Its market capitalization increased from $6.87 billion to $7.46 billion in that period. Analyst Ali Martinez claims now is the perfect time to buy into the MATIC dip.
The technical analysis for the Polygon crypto also paints a bullish picture. For example, Polygon now has over 15 technical indicators showing bullish signs. As a result, prominent market analysts predict that Polygon will reach a value of $1.07 within Q2 of 2024. This makes Polygon one of the altcoins to watch before summer comes.
Jupiter (JUP): An altcoin that demonstrates resilience
Before summer comes, many traders flock to Jupiter (JUP). This altcoin has recently been on an upward trend. The Jupiter price has soared from $0.96 to $1.20 over the past seven days alone. At the same time, JUP’s market capitalization rose from $1.30 billion to $1.61 billion. The future for Jupiter looks bright.
Right now, 15 technical indicators are flashing buy signals for the Jupiter crypto. Experts in the crypto field take note of all these factors when making their Jupiter price predictions. Due to all these reasons, they predict a rise to $1.55 for JUP before the end of the second quarter of 2024, making it one of the best altcoins available now.
Optimism (OP): Under Bull rule
Optimism (OP) took last place on our most promising altcoin list. According to CoinMarketCap data, the Optimism price jumped from $2.20 to $2.59 in the past week alone. Its market cap also rose from $2.31 billion to $2.70 billion in that time.
The technical analysis for Optimism crypto shows that this bullish trend continues. For example, 17 technical indicators are now in the buy zone for Optimism. Furthermore, Optimism is trading above its 50-day EMA. Therefore, market analysts predict that it altcoin price could reach $3.20 before summer 2024 begins.
Final thoughts on the Best Altcoins to Buy
While KangaMoon, Gala, Polygon, Jupiter and Optimism are all altcoins to watch, one stands out. KangaMoon has a low market cap of $19.6 million, which means it needs less new funds to raise its price. So, traders looking for faster returns in the summer months are now rushing to buy KANG. If you are interested, follow the links below and get a 20% bonus.
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