If your aim as a trader is to profit immensely from the upcoming bull market, then you need to position your portfolio to reflect the anticipated gains. Some of the tokens that have been earmarked for success in the bull run are Polygon (MATIC), Ethereum (ETH), Tether (USDT), Solana (SOL), and KangaMoon (KANG). Out of these tokens, KangaMoon stands out as one of the new meme tokens with an immense potential to deliver substantial gains.
In a list boasting the likes of Polygon, Tether, Ethereum, and Solana, KangaMoon is one of the top cryptos that can deliver massive profits for investors. Tapping into the $200B worth NFT market, KangaMoon not only combines play-to-earn and SocialFi functionalities, but it also creates compelling factors for investors looking for promising meme coins.
Already, KangaMoon has raised over $4M with registered participants of 20k. More than 5800 investors are currently holding the KANG tokens with early buyers enjoying over 291% ROI. During this time, the KANG token price has jumped from $0.005 in stage 1 to $0.0196 in the ongoing stage 5 of the presale and the token could eventually trade at $0.5 when it lists on major exchanges in Q2.
KangaMoon has different prizes for different stakeholders. Gamers earn significantly on the platform through weekly, monthly, and quarterly gaming challenges. Similarly, onlookers earn through betting and predictions of gaming duels while holders earn through active community engagement such as commenting on posts and sharing tweets. By investing early in one of the new meme tokens, investors can expect significant profit soon.
Investors are eyeing Polygon (MATIC) despite its recent slump that has seen it lose by 10% on the monthly chart. As an Ethereum scaling platform, users tend to shift to Polygon as a result of its low gas fee which could pave the way for massive invested interest.
With the price value dipping, the Polygon coin has a healthy day-to-day trading volume of more than $300M, a 54% increase in the last day. With the return of the bull market, investors can buy the dip and earn huge profits in the coming months.
After slipping from its year-high of $4k in March, analysts project a huge rise for Ethereum (ETH) soon. Already the Ethereum token is beginning to trend the bullish pattern, going up by 3% in the past month, according to data from CoinMarketCap. Having stabilized at the $3500 resistance level, the token is starting to turn bullish again.
In the past day, Ethereum had a trading volume exceeding $11B but slipped by 2% in the market cap metrics. With the network ETF subject to approval, the token may climb $5k in the year.
Although a stablecoin, Tether (USDT) is one of the best tokens that can be purchased right now for maximum gains. By purchasing Tether, investors are sure that their investment will not go down the drain as opposed to other altcoins which are subjected to highs and lows.
With its market cap exceeding $100 billion, Tether has remained relatively stable in the past week, revolving around $1.00001 to $1.00006. With a further increase of 44% in the day-to-day trading volume, Tether is one of the reliable altcoins that can be purchased right now for profit.
With a meteoric rise of 830% in the year-to-date price chart, Solana (SOL) has emerged as the most improved crypto of 2024. Solana token was trading below $50 six months ago but has turned the table around, briefly hitting $200 in the last week.
Investors can jump in at Solana now as it is below $200. With the potential of the token to challenge Ethereum as the number 2 crypto behind Bitcoin, Solana may surge as high as $500 before the end of the year.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.