The cryptocurrency market is full of rumors about whether the altcoin season is coming back or it is ending. With this lack of certainty, few altcoins make headlines. Today we will highlight the five top altcoins right now: KangaMoon (KANG), Athena (ENA), Solana (SOL), Arbitrum (ARB) and NEAR Protocol (NEAR).
1. KangaMoon (KANG)
The first place on our best altcoin list belongs to KangaMoon (KANG). This upcoming pre-sale has already fetched more than $6.4 million and could reach $7 million before May 2024 ends. KangaMoon also boasts over 20,000 registered community members and over 6,000 KANG holders. As altcoin season starts to heat up, KANG could be one of the best to watch.
According to Yahoo Finance, the Play-to-Earn (P2E) gaming market could reach a value of $885M by 2028. KangaMoon aims to capitalize on this growth by creating a P2E game. Players can use the KANG altcoin to buy in-game items and upgrade their characters in this game.
The innovative SocialFi features, unique to KangaMoon, are what sets it apart. Just before the official launch, KangaMoon gave free KANG tokens to the most active users. This development has created a frenzy among traders as they rush to like, share and comment on KangaMoon’s social media posts.
KANG is now priced at just $0.0196 in Phase 5 of its presale; however, it already shows an impressive growth of 290% from its initial price of $0.005. But this is only the starting point—further price increases should follow as project development milestones are reached. Experts predict that this altcoin’s price could increase by 50x once it is listed on a Tier-1 CEX in Q2 2024.
2. Athena (ENA)
Next, Athena (ENA) is another altcoin that has been making waves. Athena uses the power of its unique stablecoin, USDe, to create an artificial dollar that can be easily incorporated into different DeFi applications. With altcoin season possibly starting, Athena can be considered one of the best thanks to its forward-thinking roadmap.
The Athena price has risen from $0.63 to $0.75 in the last 30 days alone and the market cap has risen from $824M to $1.07B. Additionally, three technical indicators for this altcoin are now in the green. Analysts therefore made a bullish Athena price forecast. They forecast a rise to $1.11 for ENA by Q2 of 2024.
3. Solana (SON)
Solana (SOL) has established itself as a strong player by providing high throughput and scalability for dApps and smart contracts. Furthermore, with more projects being developed every day, this cryptocurrency continues to catch the eye of traders. Solana’s growth potential makes it one of the best altcoins during altseason.
The price of SOL rose from $22.26 to $120 in the past year alone and its market capitalization rose from $8.78 billion in that period to $53.91 billion. Additionally, the Solana crypto is now trading above its 50- and 100-day EMAs. Therefore, experts foresee a rise to $183 before the end of the second quarter of 2024 in their Solana price forecasts.
4. Arbitration (ARB)
Another altcoin to watch is Arbitrum (ARB), the L2 scaling solution for Ethereum. With the increasing requirement for scalable DeFi alternatives, Arbitrum is expected to meet expectations and bring profit during this altcoin season.
Recently, the arbitrage price fluctuated between $1.18 and $0.99 on the 1-week chart. The Arbitrum market cap has fluctuated between $3.17 billion and $2.63 billion in that time. However, the technical analysis for this altcoin shows a bullish future. For example, ARB is trading above its 50-day EMA. As a result, market analysts predict a potential rise to $1.52 within the second quarter of 2024.
5. NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is last on our promising altcoin list. It is known because of its easy platform for developers to use. NEAR has several projects as it puts a lot of effort into community-based development. Considering that an altcoin season may begin, NEAR can be considered one of the best altcoins at the moment.
As for the price of NEAR, it has risen from $1.83 to $5.90 in the past year alone. The NEAR Protocol market capitalization rose from $1.65 billion to $6.29 billion during that period. Additionally, the NEAR protocol coin is now trading above its 50- and 100-day EMAs. Thanks to 10 technical indicators in the green, experts predict a jump to $9 for this altcoin before Q2 of 2024 ends.
What are Altcoins?
Any digital currency developed since the birth of Bitcoin (BTC) is an altcoin. Many of them are designed for many different reasons, such as powering smart contracts, as a medium of exchange, etc.
Why Should You Buy Altcoins?
There are a few things to consider when deciding whether or not to buy altcoins, and you need to balance the potential rewards against the risks. Here are some of the reasons why people might want to buy altcoins.
Greater returns expected: Compared to Bitcoin or traditional assets, certain altcoins have greater earning potential.
Innovative technologies: Just like Bitcoin, many other alternative currencies offer creative technologies and use cases.
Diversification: A wide range of cryptocurrencies can help diversify an investment portfolio by spreading across different assets, reducing overall risks.
Closure
Altcoin season looks set to make a comeback and many cryptos could rise. KangaMoon, Athena, Solana, Arbitrum and NEAR Protocol stand out among them. However, one has a big advantage – KangaMoon’s low market cap of $19.6 million. This means it needs much less new funds for its price to rise. Therefore, KANG is one of the best altcoins to invest in.
If you’re interested, sign up for the presale using the links below and get a 10% bonus on every purchase.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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