In the current cryptocurrency market, finding good projects can be challenging, as thousands of them exist. Some projects will flounder in bearish markets and never recover. So, ensure your assets are allocated to strong projects from top to bottom. To help you, we have created a list of the top 5 cryptocurrencies rising in popularity in 2024.
KangaMoon (KANG) – The best cryptocurrency to invest in overall
Toncoin (TON) – The native token of TON
Solana (SOL) – A high-performance blockchain known for its fast speeds
Pepe (PEPE) – The 4th largest meme token in terms of market cap
Fetch.ai (FET) – An open platform that provides tools for AI app builders
To make profits in the crypto sector, you need to dig deep. We'll be doing precisely that right now with the cryptos mentioned above. We'll investigate their market performance, their technical analysis and more so that you can make smart decisions in this fast-paced market.
At the start of our top crypto coins list is KangaMoon (KANG), a standout performer in its presale phase. With over 20,000 members and 5,800 token holders, it's clear that this cryptocurrency is popular among the masses. And with over $4.5M raised so far and on track to hit $6M by the end of April 2024, there's no stopping this hidden gem.
Regarding market focus, KangaMoon has its sights set on Play-to-Earn (P2E) gaming, which is predicted to be valued at $885M by 2028. KangaMoon plans to launch its own P2E game using KANG as the in-game currency to dominate this niche market. With KANG, you can buy in-game items or gain access to weekly/monthly/quarterly challenges for extra rewards.
Why KangaMoon?
Currently, KANG is in Stage 5 of its presale, costing just $0.0196. Those who bought it early on are now enjoying a 290% ROI. Analysts predict this percentage will continue rising as a Tier-1 CEX listing will occur in Q2 of 2024. They forecast a potential jump to $0.5 during that time.
Because of this, countless individuals are rushing to its presale. In addition, KangaMoon gifts the most active community members with free KANG tokens before its launch. If interested, begin commenting/liking/sharing KangaMoon's social media posts and you will earn KANG for free.
Toncoin (TON) is a blockchain system that people hope will advance the platform created by the Telegram developers. TON Foundation, an independent entity with no affiliation to Telegram, now leads Toncoin's work. Toncoin is turning heads as it strongly focuses on privacy, security and decentralization.
Why Toncoin?
Recently, Toncoin has been on an uptrend. Over the last 30 days, the Toncoin price increased from $2.85 to $6.85. Its market cap grew from $9.96B to $23.76B during that time. The technical analysis of this crypto also paints a bullish picture, as 27 indicators are flashing green. Additionally, the Toncoin crypto now trades above its 50 and 100-day EMAs.
As a result, market analysts have made a bullish Toncoin price prediction. They forecast a potential jump to $7.55 for Toncoin within Q2 of 2024. This forecast makes Toncoin one of the best cryptos to keep an eye on.
Next on our list is Solana (SOL), a giant in the world of decentralized finance (DeFi). Its blockchain network offers extremely fast transaction processing and small fees. Amidst a growing DeFi market, Solana's capabilities have set it apart as a leading platform for developers and users.
Why Solana?
Solana is another good crypto to buy, riding a bullish wave. CoinMarketCap data shows that the Solana price soared from $148 to $173 in the past month and its market cap increased from $64.95B to $78.62B during that period. Moreover, the Solana crypto is now trading above its 100—and 200-day EMAs.
Thus, experts in the crypto field are now bullish for this cryptocurrency. Their Solana price predictions predict a rise to $233 before the end of Q2 2024.
We have placed Pepe (PEPE) in the second-to-last place on our list. This digital asset has shaken the cryptocurrency market. Designed on Ethereum as a meme coin in April 2023, it quickly became one of the most traded cryptos around. The community behind it and its substantial growth have been astounding to watch for many traders.
Why Pepe?
Pepe has been going on an upward trajectory recently. The Pepe price grew from $0.0000072 to $0.0000075 in the last week alone. This crypto's market cap also jumped from $3.05B to $3.15 during that time. Not only that, there are now 24 Pepe coin technical indicators in the buy zone.
When making their Pepe price predictions, prominent market analysts consider all these factors. Thus, they foresee Pepe reaching a value of $0.000010 before the end of Q2 2024.
And last but not least, we will mention Fetch.ai (FET). This crypto project is leading the way in merging AI and blockchain technology to build a decentralized machine learning platform.
Why Fetch.ai?
The Fetch.ai price movement has been on the rise recently. CoinMarketCap data shows that FET skyrocketed from $2.61 to $2.71 in the past week alone. Its market cap rose from $2.25B to $2.29B during that period. Additionally, the Fetch.ai crypto trades above its 100 and 200-day EMAs.
Experts in the crypto field have also made a bullish prediction for the Fetch.ai price. They predict the Fetch.ai price will reach $3.87 before Q2 2024 ends, making FET one of the best cryptos to buy now.
If you're a newbie to the cryptocurrency market, it's best to stick with the established cryptocurrencies or those that bring something new. Here are some tips:
Listed on multiple exchanges for easy fiat currency exchange
A functional product instead of abstract promises
High liquidity with over $100M in 24-hour trading volume
Many traders focus on passive investing. When using this strategy, experts say you should probably concentrate on presales since their values continuously increase. KangaMoon, for example, has already provided early buyers with a 290% ROI. Chances are this percentage will continue rising as the presale advances.
Cryptocurrencies are vast and diverse, so we've narrowed it down to a few. We aimed to include a mix of established projects alongside ones that may be higher risk but could have high growth potential. Here are the factors we considered:
We weighed every digital coin's ability to survive in the long run. We took into account things like whether they could grow to accommodate a large number of users, how sustainable they were and whether they had the ability to change with the markets.
The development team had to be competent and experienced for the project to succeed. This also played a role in our list.
We looked into the crypto projects and checked if they were valid and reliable, preferring those that have actual real-life uses.
A strong and active community indicates that a crypto project could succeed. Thus, we considered whether the crypto possessed this.
We went searching for cryptos that might be game-changers. They offered something new – technological progress that could disrupt entire industries.
Regarding the best coin to buy right now, we have decided that KangaMoon (KANG) fits that description. It has a low market cap of $19.6M, which means it needs far less new funds for its price to rise. When compared to Toncoin, Solana, Pepe and Fetch.ai – this gives KANG an advantage. If interested, follow the links below and obtain a 10% bonus.
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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.