In cryptocurrency, traders always want to discover the next big thing. As Bitcoin (BTC) sees some woes, they are focusing on altcoins. Today, we will discuss the five leading altcoins that are set to shoot through the roof in 2024: KangaMoon (KANG), Render (RNDR), Ethena (ENA), Ondo (ONDO), and Fetch.ai (FET). Let's dive into the details of each one.
First on our list of top altcoins is KangaMoon (KANG) - a unique crypto with ties to the flourishing Play-to-Earn (P2E) gaming market. According to Yahoo Finance, this market is projected to reach $8856M by 2028 and KangaMoon could become a dominant force. It will accomplish this by launching its own P2E game soon.
In this game, KANG will serve as the main in-game currency. Users can upgrade their characters and buy in-game items with this altcoin. Also, holding KANG gives you access to exclusive weekly/monthly/quarterly challenges for extra rewards. These perks are attractive as over 6,000 people now hold this altcoin.
But what makes KangaMoon stand out in the altcoin space is its SocialFi aspect. To clarify, KangaMoon now provides its most active community members free KANG tokens before its official launch. Therefore, over 20,000 registered community members are now rushing to like/share KangaMoon's social media posts.
Currently, this altcoin is worth only $0.025 in the Bonus Stage of its presale. Its performance has been stellar, as early buyers have experienced over 400% ROI. But, this percentage is bound to increase as experts foresee a 100x surge once a Tier-1 CEX lists KANG in Q2 of 2024. With this movement, KangaMoon emerges as one of the best altcoins to buy in 2024.
Next, we have to mention Render (RNDR). CoinMarketCap data shows that the Render token value has surged over 500% in the past year alone while its market cap is at $4B. This bullish trend is bound to continue, as Apple recently mentioned Octane—Render's 3D design software—in its keynote presentation.
The technical analysis for this altcoin also shows a bright future ahead. For example, the Render coin trades above its 50 and 100-day EMAs while boasting 25 green technical indicators. Thus, experts remain bullish for Render. They foresee a rise to $15.30 for RNDR before Q2 of 2024 ends - making it one of the best altcoins.
Ethena (ENA) is an altcoin worth watching in 2024. This crypto has been trading in the green as CoinMarketCap data reveals a 30% jump in the past 12 months. There have been some positive developments recently, such as Ethena's announcement of a significant partnership with Bybit. Notably, Bybit integrated USDe as a collateral asset for derivatives trading.
In terms of the Ethena coin technical analysis, a bullish future is in store. For instance, there are 13 technical indicators in the buy zone for Ethena. As a result, market analysts remain bullish for this altcoin. In their price predictions, Ethena may grow to $1.30 within Q2 of 2024. Because of this, Ethena is a member of the top altcoins.
In the second-to-last place, we will mention Ondo (ONDO). This altcoin has been on an uptrend recently, as CoinMarketCap data shows. Notably, the Ondo coin value increased 400% on the YTD chart while its market cap held at $1.15B. This momentum may continue with Zebec announcing it will partner with Ondo to integrate USDY functionality in the Zebec card.
The technical analysis of Ondo also supports this statement. Currently, over 15 technical indicators are showing green for this altcoin. Due to all these reasons, experts in the crypto field predict that Ondo will trade at $1.18 before Q2 of 2024 ends.
Last but not least, we will discuss Fetch.ai (FET). According to CoinMarketCap data, this altcoin's price has grown by over 800% in the last 12 months. This uptrend is bound to continue as Fetch.ai announced it has integrated Meta's Llama 3-8B into its network. With this development, the Fetch.ai AI agents become more intelligent and responsive.
Additionally, the Fetch.ai coin's technical analysis is showing green. For instance, it is trading above its 100—and 200-day EMAs while having 24 technical indicators in the buy zone. These factors have made market analysts very bullish about this altcoin. They foresee Fetch.ai reaching a value of $3.34 before Q2 of 2024 ends.
Essentially, any cryptocurrency other than Bitcoin is an altcoin. These were created to address the perceived constraints of Bitcoin or to offer other uses. Many of them have the potential to disrupt entire industries and are gaining traction in the crypto market.
Early Adoption: Buying promising altcoins during their early stages, like KangaMoon, could give big returns if the project gains traction.
Diversification: Altcoins provide a different way to make money and reduce risks.
High-Return Potential: Many altcoins have the potential for considerable price appreciation.
These top altcoins could see tremendous growth in 2024. However, KangaMoon stands out because it has a low market cap of $25M. This means that it will surge faster than Render, Ethena, Ondo, and Fetch.ai because it needs fewer new funds. If you want to buy a potential future member of the top 10 altcoins, sign up for the KANG presale using the links below.
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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.