Experienced traders know that situations like this can be the perfect time for them to diversify their portfolios when the cryptocurrency market moves into a range.
After Bitcoin (BTC) recently dropped to $62,000 before recovering above $67,000, traders are now turning to altcoins that can bring big returns.
This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material is not investment advice and is provided by the respective company.
In this article, we will take a quick look at the top altcoins and how their future may play out as BTC trades in the $62,000 – $67,000 range?
KangaMoon (KANG): One of the best altcoins
First in the list of altcoins is KangaMoon (KANG) – a unique cryptocurrency that brings something new. Its community focus and innovative features could dominate the P2E gaming market.
KANG will be a meme coin with real functionality that will serve as an in-game currency for KangaMoon’s upcoming P2E game.
KangaMoon also emphasizes its community. By becoming active members of its community, traders can get this altcoin for free before its official launch. For example, sharing/linking/commenting on KangaMoon’s social media posts will reward you a lot. This fact has helped the platform gain a fairly active meme community.
KANG is now in phase 4 of its presale, during which the altcoin is available at a discount. It costs just $0.014 – a 180% jump from the original price of $0.005. Demand is high as KangaMoon has already raised over $2.5 million and is on track to reach $3 million before the end of March.
In addition to all these facts, KangaMoon also taps into the NFT P2E gaming market, which is expected to grow to $885 billion by 2028, according to Yahoo Finance. As a result, market analysts are optimistic and predict an appreciation to $0. for KANG after listing on a premium exchange in the second quarter of 2024.
XRP price continues its upward trajectory
Next comes the turn of XRP, an altcoin that has been riding a bullish wave lately. According to data from CoinMarketCap, the price of XRP has jumped from $0.54 to $0.63 in the past 30 days, representing a 16% increase. During this period, its market capitalization also rose from $29.40 billion to $34.83 billion.
From a technical analysis perspective, XRP cryptocurrency can continue this upward trend. For example, 24 technical indicators show buy signals for this altcoin. Additionally, XRP is now trading above its 100- and 200-day EMAs. For all these reasons, cryptocurrency experts predict that XRP could reach a value of $0.87 within the second quarter of 2024.
Cardano Price Analysis: Upcoming?
Cardano (ADA) is another altcoin member to watch as it has made remarkable gains. In the last month alone, the price of Cardano has risen from $0.59 to $0.648. During this time, there was also an increase in the market capitalization, which increased from $21 billion to $23 billion.
The technical analysis of this altcoin also presents an optimistic picture. Notably, Cardano cryptocurrency is trading above its 100- and 200-day EMAs. Additionally, there are now 20 technical indicators in the green for Cardano. When making their Cardano price predictions, well-known market analysts take these factors into account. So they predict that Cardano will reach $0.85 within the second quarter of 2024.
NEAR Protocol (NEAR) is showing bullish momentum
Another altcoin, NEAR Protocol (NEAR), also found a place on this list. Over the past 30 days, NEAR protocol has been trending. In other words, its price rose from $3.24 to $7.17, a jump of 89%. The market capitalization of NEAR Protocol grew from $3.39 billion to $7 billion during that time.
Sentiment for this altcoin is bullish as 22 technical indicators are already in the buy zone. Additionally, the NEAR protocol cryptocurrency is trading above its 50- and 100-day EMAs. As this momentum looks set to continue, several experts have made a bullish prediction for the price of NEAR Protocol. They predict that NEAR will jump to $8.26 before the end of the second quarter of 2024.
Polygon (MATIC) remains an altcoin to watch
Finally, we have Polygon (MATIC), which is making waves in the altcoin scene. According to CoinMarketCap, the price of Polygon has risen from $0.97 to $1.02 in the past month. Moreover, its market capitalization rose from $9.40 billion to $10.05 billion during the same period.
Technical analysis for Polygon also shows bullish signs. For example, this altcoin has 21 technical indicators in green. As Polygon trades above its 100- and 200-day EMAs, crypto experts remain bullish. They predict a potential price jump to $1.44 for Polygon before the end of the second quarter of 2024.
Final thoughts
While the drop in Bitcoin’s price is alarming, it opens up a world of opportunity for buyers willing to take a risk. With so many altcoins available in the market today, you are bound to find one that works well for you. While many of them, such as XRP, Cardano, NEAR Protocol and Polygon, are worth checking out, KangaMoon stands out.
With a market cap of just $14 million, KangaMoon will need much less new funds to grow in price. If you are interested in the top altcoin, follow the links below to get 10% bonus on every purchase.
Discover the exciting opportunities of the KangaMoon (KANG) Presale today! Website: https://Kangamoon.com/Join the Telegram Community: https://t.me/Kangamoonofficial
This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material is not investment advice and is provided by the respective company.
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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