Altcoins
Unveiling Hidden Crypto Gems: Prepare for Altcoin Season Post-Market Dip With These Top 5 Altcoins
With the cryptocurrency market falling, traders are looking for unknown tokens that could bring them big profits during the altcoin season. This article examines five of the best unknown altcoins: KangaMoon (KANG), Render (RNDR), Sui (SUI), Ondo (ONDO), and Cosmos (ATOM).
KangaMoon (KANG): among the promising Altcoins to watch
In first place on our list of best altcoins, we have KangaMoon (KANG). This rising pre-sale star has already provided early buyers with a 400% ROI while boasting of raising over $6.6 million. Additionally, some projections suggest that KangaMoon could raise $8 million before the end of May 2024. The future of this altcoin looks bright with this fact, and more than 6,000 KANG holders are already present.
Essentially, KangaMoon has ambitions to dominate the Play-to-Earn (P2E) gaming market, which Yahoo Finance predicts will reach $8,856 million by 2028. It will achieve this by creating a P2E game with KANG as main currency of the game. With KANG, you can purchase in-game items or even access exclusive challenges for additional rewards.
What sets this altcoin apart from others is its SocialFi aspect. To clarify, KangaMoon is community driven. For example, it is now offering the most active community members free KANG tokens before its official launch. So, 20,000 registered community members like KangaMoon’s social media content to earn this altcoin for free.
KANG only costs $0.025 since it is in the bonus phase of its presale. This is a 400% growth from its starting price. However, market analysts remain optimistic, predicting a potential 100x increase once a Tier 1 CEX lists it in the second quarter of 2024. Considering all these factors, KANG could become one of the best altcoins to invest in.
Render (RNDR): another Altcoin gaining ground
We will then discuss Render (RNDR) – the disruptive force in the cloud computing industry. Recently, this altcoin has been making headlines. Render announced that the initial community vote for Blender Cycles integration passed. This integration will provide nearly 2 million Blender users with seamless access to the Render Network and its resources.
Looking at Render’s price movement, it has increased by 541% in the past year alone, with its market cap remaining at $4.2 billion. Additionally, more than 26 technical indicators are found in the Render token’s buy zone. Thus, market analysts have made a bullish prediction for the price of Render. They forecast a potential rise to $13.92 for Render in Q2 2024.
Sui (SUI): Climbing the Altcoin List
Next, we need to discuss Sui (SUI), an altcoin that has been making waves in the crypto market recently. Sui noted that it achieved throughput of over 800 TPS, a major milestone showing that Sui can handle this volume of transactions.
With the return of altcoin season, Sui could soar. In fact, Sui’s trading volume now stands at $209 million, while its market capitalization is $2.3 billion. Additionally, the RSI of the Sui crypto shows 35 (a bullish sign). For all these reasons, experts in the crypto field have established a Sui price prediction: reaching $1.57 before the end of the second quarter of 2024.
Ondo (ONDO): up almost 450%
We placed Ondo (ONDO) in second-to-last place, an altcoin showing significant gains. Data from CoinMarketCap shows that Ondo’s price surged almost 390% over the past 12 months, while its market capitalization held steady at $1.10 billion. This upward trend is expected to continue as Ondo announced it will strengthen its partnership with ether.fi.
Technical analysis of this altcoin also shows bullish signals. For example, 16 technical indicators are flashing green for the Ondo coin. Market analysts note all of these charts when making their Ondo price predictions. Thus, they predict a rise to $1.23 for Ondo in the second quarter of 2024. This price prediction makes Ondo one of the altcoins to watch.
Cosmos (ATOM): major developments to come
Finally, we will mention Cosmos (ATOM). This altcoin project is a decentralized blockchain network connected by the Inter-Blockchain Communication (IBC) protocol. Cosmos price has seen a 13% decline on the chart since the start of the year. However, Cosmos announced that IBC arrives on the BNB channel throughout TOKI.
This development could trigger a rally for this altcoin. Additionally, more than 13 technical indicators are green for Cosmos crypto. Thus, experts predict a jump to $13.76 in the second quarter of 2024.
What are Altcoins?
Altcoins are cryptocurrencies other than Bitcoin, which is known as the original and most popular of all. They were created to eliminate many problems in the crypto market.
Should you buy Altcoins?
There may be several reasons why it may be interesting to buy altcoins:
- Low price: Altcoins are offered at relatively low prices per coin, unlike Bitcoin, which is very popular.
- Diversification: With altcoins, you can diversify your portfolio, thereby reducing risk.
- Utility: Altcoins typically have various use cases that can redefine entire markets.
Conclusion
For those looking to make money in the upcoming altcoin season, these are some of the best to watch: KangaMoon, Render, Solana, Ondo, and Cosmos. However, KangaMoon has a significant advantage: a low market capitalization of $19.6 million. This means it will need much less new funding for its price to skyrocket.
If you want to purchase it, register now for its presale and benefit from a 10% bonus on each purchase.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
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