The cryptocurrency market benefits from robust competition from new cryptocurrencies that offer unique features. These features and their huge potential are designed to gain investors' confidence and shift market sentiments.
With many new crypto projects entering the market yearly, crypto investors always find it difficult to locate the best cryptos with great potential. Experts have analyzed the market and have picked KangaMoon (KANG), Gala (GALA), and Sui (SUI) among the cryptos that will witness explosive rallies in the year. Read on to know why these cryptos were picked.
Even though Gala and Sui have been picked among the cryptos that will explode this year, the KangaMoon token has more prospects. The KangaMoon project has shown great potential, which has led to over 6000 users buying the token. This has helped the team raise over $4.7M in the ongoing presale while targeting $8M before the end of the presale.
The presale, which started slowly, seems to have exploded, as the platform now has over 20,000 community members. The token price, which started at a floor price of $0.0050 in stage 1, is now sold for $0.0196 in the ongoing stage 5 of the presale. This means that traders who saw the potential in stage one and bought immediately have gotten 290% returns.
With the ongoing plans to list the token in exchanges in Q2, the KANG price could hit $1 before Q3. Some analysts believe that KANG will witness over 50x rallies in the coming months. This makes it one of the best cryptos to buy now at a cheap price point. As a P2E platform, users can earn rewards through various means. One of them is promoting the project on social media.
Also, as a revolutionary meme coin, gamers can engage in weekly, monthly and quarterly challenges and earn rewards and prizes. The KangaMoon token is poised to become the hottest meme coin of 2024. As such, it is on the path of toppling popular meme coins like Dogecoin and Solana and becoming the King of meme coins. Crypto analysts believe that $KANG will explode in 2024 and tip it as one of the top cryptos to buy now.
Gala (GALA) is one of the top game metaverse platforms in the world. Since the beginning of the year, the GALA price has been on a rollercoaster trajectory. According to data from CoinMarketCap, the token gained 8% in the past week.
The token's attempt at breaking the key $0.1 resistance zone a few weeks ago was resisted, leading to a drop in price. The token has been trading between $0.05 and $0.07 in the past 30 days. With the bull run on the way, the token might mount a bullish challenge at the $0.01 mark before the end of April. A successful breakthrough will push the price as high as $0.5 in 2024.
The Sui (SUI) price performance in the crypto market has been underwhelming. According to CoinMarketCap data, the Sui price fell by 11% in the past week and 4% in the past month.
The Sui technical analysis shows a bearish trend. The coin's trading volume and market cap are on a downtrend. However, Sui is witnessing massive upgrades and partnerships in its networks. All this positive news could drive the price up. As such, the token price could retest the $2 resistance zone soon. Some analysts forecast the Sui price to hit $10 in 2024.
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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.