With Bitcoin's halving event coming up, traders have been searching high and low for any potential gems hidden within the cryptocurrency market. With a bullish run expected soon, taking advantage of specific cryptocurrencies now may very well lead to substantial returns later on down the line.
This guide will look at the top 5 cryptocurrencies to invest in before Bitcoin's halving event. From rookies to established titans, these coins provide opportunities for traders who wish to capitalize on the growing crypto market.
KangaMoon (KANG) is our pick for the best crypto to buy right now. It is a rising presale star and a meme coin that has been making headlines recently. In fact, KangaMoon has raised over $2.6M so far and is on track to obtain $3M before March ends. Global traders are growing more interested in this crypto project.
At its core, KangaMoon will tap into the growing P2E games market, which Yahoo Finance predicts will reach $885M by 2028. It will create a P2E game in which KANG will serve as the main in-game currency used for character upgrades and in-game item purchases. This utility will also benefit KANG immensely as it differentiates itself from 99% of other meme coins.
In addition, KangaMoon has made community engagement its priority. For example, KangaMoon is giving active participants free KANG tokens, even before the official launch. Therefore, lucky traders who reshare/like/comment on KangaMoon's social media posts will earn KANG tokens at the moment. This has made KangaMoon's community one of the biggest.
This crypto is now in Stage 4 of its presale and costs only $0.014. Those who bought it early on are experiencing a 180% ROI. However, market analysts are bullish, as demand for KANG is growing daily. As a result, they forecast KANG reaching a value of $1 when a Tier-1 CEX lists it in Q2 of 2024. This makes KANG the top crypto to buy before Bitcoin's halving event.
Ethereum (ETH) is a top 5 cryptocurrency and the second-biggest crypto after Bitcoin. This decentralized blockchain allows developers to develop smart contracts and decentralized applications (DApps). Vitalik Buterin created it in 2015, and since then, it has become one of the most used cryptocurrencies on earth.
Ethereum is also the blockchain that introduced smart contracts. These are self-executing agreements built with lines of code. This means complicated transactions can be done automatically.
Ethereum's price movement has jumped from $2,898 to $3,478 over the past 30 days. Its market cap also grew from $349B to $417B during that time. Additionally, 25 technical indicators are now showing green for the Ethereum crypto. Because of all these reasons, experts in the crypto field predict Ethereum will hit $4,560 within Q2 of 2024.
Our experts have also placed Solana (SOL) on the top crypto list. The Solana Foundation launched this innovative blockchain platform in 2020. Its main goal was to remove scalability issues like high fees.
Solana created the Proof of History (PoH) consensus mechanism to accomplish this goal. PoH timestamps transactions before they are added to the blockchain, so Solana has lower fees.
The Solana price has been on the rise lately. In the past month, it grew from $103 to $176, and its market cap surged from $45.49B to $78B in that period. Market analysts remain bullish as the Solana crypto trades above its 50—and 100-day EMAs. They forecast a rise to $251 for SOL before Bitcoin's halving event soon.
Next up is Toncoin (TON), which has gradually made a name for itself in the crypto market. It's the original crypto for an L1 blockchain that was initially called "Telegram Open Network" in 2018 by Telegram. When Telegram stopped working on it, an independent community took up the crypto project under the name "The Open Network."
The Open Network prioritizes efficiency with Toncoin to reduce fees and speed transactions. The Toncoin system has also been working hard to offer decentralized storage. It's got a two-pronged approach: security and functionality have both been considered.
The Toncoin price has surged from $2.15 to $4.41 on the one-month chart. During that period, its market cap rose from $7.31B to $15.30B. Additionally, 26 technical indicators are now in the green for Toncoin. As a result, experts have made a bullish Toncoin price prediction. They forecast a rise to $5.78 within Q2 of 2024 for TON.
Finally, Uniswap (UNI) is a good crypto to buy. Uniswap is a DeFi protocol on the Ethereum blockchain that allows you to swap tokens without going through a CEX.
Uniswap operates as an Automated Market Maker (AMM) that lets you easily switch tokens on-chain while maintaining its decentralized nature. But more than that, Uniswap wants to ensure its trades are always liquid.
The Uniswap price has jumped from $7.25 to $11.97 over the last 30 days, and its market cap grew from $4.37B to $7.16B in that period. Moreover, the Uniswap crypto trades are above their 50- and 100-day EMAs. Therefore, market analysts predict that UNI will reach a value of $14.12 before Q2 of 2024 ends.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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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.