With the crypto market on edge for an Ethereum ETF approval, traders are on the move. They are trying to identify the top crypto coins set to explode once it goes through. Our analysts have made a list of these exact tokens: KangaMoon (KANG), XRP (XRP), Avalanche (AVAX), Polkadot (DOT) and Tron (TRX).
This list of cryptocurrencies includes the industry's most important players. With these five as your foundation, you will have a rock-solid portfolio.
Our experts suggest KangaMoon (KANG) as the best crypto investment before the Ethereum ETF. This rising presale star has seen a 290% price surge so far, raising $5M and looking to hit $7M by the end of April 2024. Moreover, over 20K community members have registered, while 5.8K individuals are now KANG holders.
The upcoming Play-to-Earn (P2E) game will use KANG as the main in-game currency for character upgrades and item purchases. Only KANG holders can participate in regular challenges, which will reward them with more tokens and rewards.
However, KangaMoon's community-centered approach sets it apart from its competitors. To clarify, KangaMoon gives its most active community members free KANG tokens before launch. As a result, countless individuals are now rushing to like/comment/share KangaMoon's social media posts to earn KANG for free.
One KANG token costs just $0.0196 since it is in Stage 5 of its presale. Those who bought it early on are enjoying a 290% ROI. Since KANG taps into the P2E gaming market, which will hit $885M by 2028, its growth potential is stellar. In fact, experts forecast a rise to $1 once a Tier-1 CEX lists it in Q2 of 2024, making KANG the best new crypto to invest in.
Next, XRP (XRP) has been put in the spotlight, with analysts thinking it might benefit from an Ethereum ETF approval. XRP was built to help with quick cross-border transactions, setting it up for success if institutions use it more. As more regulatory issues are addressed and tackled, XRP could see a spike in demand and price.
Over the last week, the XRP price increased from $0.57 to $0.60. Its market cap rose from $31.53B to $33.47B during that period. Not only that, 21 technical indicators for the XRP crypto are showing buy signals. As it trades above its 100- and 200-day EMAs, experts predict XRP will hit $0.91 within Q2 of 2024. Thus, XRP is a good crypto to buy right now.
Our analysts claim that Avalanche (AVAX) is among the best cryptos to buy before the Ethereum ETF approval. This blockchain captures much trade interest due to its fast and efficient speed. If people keep talking about Avalanche, there could be some big gains for AVAX down the road.
Regarding the Avalanche price movement, it jumped from $44.59 to $46.26 over the past seven days. Its market cap surged from $16.72B to $17.47B in that time. In addition, the Avalanche crypto now has over 10 green technical indicators while trading above its 50 and 100-day EMAs. As a result, market analysts foresee Avalanche reaching $58.29 before Q2 of 2024 ends.
In the second-to-last place on our top 5 cryptocurrency list we have Polkadot (DOT). This project is known as the "internet of blockchains" because it can help different blockchains talk to one another. As the Ethereum ETF approval is right around the corner, analysts claim that the increased interest in the crypto sphere will also benefit Polkadot.
CoinMarketCap data shows that the Polkadot price skyrocketed from $8.12 to $8.44 in the last week alone. Its market cap surged from $11.66B to $12.11B during that period. Not only that, Polkadot is now trading above its 50 and 100-day EMAs. Thus, experts predict Polkadot will hit $12.39 within Q2 of 2024.
Last but not least, we have to mention Tron (TRX)—another good crypto to buy before the Ethereum ETF approval. Tron is a blockchain platform that shares decentralized entertainment and content. Since there's a growing demand for more of these decentralized platforms, TRX could skyrocket in value.
Recently, Tron has been riding a bullish wave as its price rose from $0.117 to $0.121 in the past week alone. Its market cap jumped from $10.32B to $10.67B in that time. Additionally, 20 technical indicators are showing green signals. Because of this, experts predict that the Tron crypto may reach $0.18 before the end of Q2 2024.
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.