Altcoins
Revealing the Top 5 Altcoins Under $1 Poised for Explosive Growth in May 2024
With the recent decline in the crypto market, traders have the opportunity to purchase projects that can see considerable growth. Now that it is May 2024, some altcoins are being noticed because they are priced below $1 and fit this description.
The Best Altcoins to Keep on Your Radar
Here are the best altcoins to watch this month:
- KangaMoon (KANG): One of the best altcoins currently on presale.
- Gala (GALA): An altcoin showing good growth potential.
- SingularityNET (AGIX): Another altcoin that surged almost 270%.
- Pyth network (PYTH): An altcoin that displays green trading charts.
- Ghost (FTM): One of the altcoins to watch in May 2024.
We will now go into more detail about all these altcoins. Let’s get started.
1. KangaMoon (KANG): Outstanding Presale Performance
First on our list of altcoins is KangaMoon (KANG) – a unique altcoin currently on presale. This presale has already raised over $6.6 million and could reach $8 million before the end of May 2024. Plus, those who purchased early now enjoy a 400% ROI. . Thus, many traders consider KANG to be one of the best altcoins around.
This altcoin will power the soon-to-launch KangaMoon Play-to-Earn (P2E) game. With KANG, anyone can purchase in-game items and upgrade their characters. Additionally, KangaMoon announced that all KANG holders will receive exclusive access to weekly, monthly and quarterly challenges for additional tokens/rewards.
Unlike most altcoins, KANG is community-driven. For example, KangaMoon provides free KANG tokens to active members of its community before its launch. As a result, over 20,000 registered community members are now rushing to like/share KangaMoon’s posts on social media. This could allow KangaMoon to get the most active community on the market.
A KANG only costs $0.025 since it is in the bonus phase of its presale. Demand is strong as more than 6,000 people now hold this altcoin. Experts predict a potential jump to $1 once a Tier 1 CEX lists KANG in the second quarter of 2024. Given its ties to the P2E gaming market, which is expected to reach $8,856 million by 2028 , this prediction has the potential to come true.
2. Gala (GALA): a bullish trend ahead
Next, we must mention Gala (GALA), a blockchain platform designed for the gaming industry. It focuses on the decentralization of gaming experiences, which has attracted many traders. Actually, Gala announced that it has surpassed over $100 million in trading volume on GalaSwap.
Gala’s price movement has increased by approximately 52% over the past 12 months, with its market capitalization reaching $1.32 billion. Additionally, there are now 21 technical indicators in the green for Gala coin as it trades above its 50 and 100 day EMAs. As a result, experts made a bullish forecast for the Gala price. They are calling for a potential increase to $0.066 before the end of Q2 2024 for Gala.
3. SingularityNET (AGIX): among the most profitable Altcoins
SingularityNET (AGIX) is another altcoin that has been making waves in the market. Data from CoinMarketCap shows that SingularityNET’s price has seen a 292% increase in the past year alone, with its market cap reaching $1.21 billion. Recently, SingularityNET announced that the technical roadmap for the ASI token will arrive soon – causing massive hype in the crypto market.
Technical analysis of SIngulularityNET coin also shows bullish signals. For example, more than 25 technical indicators are in the buy zone for this altcoin. Thus, market analysts predict a rise to $1.31 for AGIX in Q2 2024. With this prediction, AGIX is one of the altcoins to watch in May 2024.
4. Pyth Network (PYTH): An Altcoin Preparing for a Major Token Unlock
Another member of the top altcoins in May is Pyth Network (PYTH). According to data from CoinMarketCap, the price of the Pyth network has declined by 26% since its inception, while its market capitalization has remained at $722 million. Moreover, TokenUnlocks reveals May 20 will see the release of 2.13 billion PYTH, which is expected to be worth around $1.1 billion.
From a technical analysis perspective, this bullish trend could continue after the Pyth Network token is unlocked. Notably, there are now six technical indicators in the buy zone for the Pyth Network coin. For all these reasons, experts predict a potential rise to $0.79 before the end of Q2 2024 in their Pyth Network price forecast.
5. Fantom (FTM): Trading in the green
Finally, we need to discuss Fantom (FTM), an altcoin that had an impressive first quarter of 2024. Messari Report shows that Fantom experienced quarter-over-quarter growth across various important metrics. These include a 101% increase in market capitalization, a 24% increase in average daily active addresses and more.
Fantom’s price has increased by more than 89% over the past 12 months and its market capitalization stands at almost $1.9 billion. Additionally, Fantom coin is now trading above its 100-day and 200-day EMAs. Thus, market analysts predict an increase to $1.06 for Fantom in the second quarter of 2024.
Conclusion on the best Altcoins to invest in in May
In May 2024, KangaMoon, Gala, SingularityNET, Pyth Network and Fantom could be the most promising altcoins that will explode soon. However, KangaMoon stands out with its low market capitalization of $19.6 million. This means it needs less new funds for its price to rise. If you are interested in this altcoin, register now for its presale and benefit from a 10% bonus on every purchase.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
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