Cryptocurrency has become a popular investment, and 2024 will be a wild ride. This guide will explore some of the best coins to invest in. These tokens are set out to be the biggest gainers in 2024. Well-established players like Ethereum (ETH) and Solana (SOL) will be present. However, rookies like KangaMoon (KANG) are also present. Let's begin.
Below, we look at the top coins and tokens to invest in 2024.
With an innovative approach to the crypto space, KangaMoon (KANG) makes a name for itself. Combining Social-Fi and play-to-earn (P2E) elements, it takes crypto coins to new heights. Essentially, KangaMoon will introduce a P2E game where you can battle other players – earning cryptocurrency as a reward.
The KANG native token is the fuel behind this platform. It is used for character upgrades and purchasing in-game items. KangaMoon also prioritizes its community by allowing people to spectate and wager on matches. Moreover, KANG holders gain access to weekly/monthly/quarterly challenges for extra tokens and in-game items.
Currently, this crypto is in Stage 3 of its presale, which has raised over $600K. One KANG token now costs just $0.01125 – a 125% growth from its starting price. However, experts are bullish as they foresee another 100x surge once it hits exchanges in Q2 of 2024. This could make KANG one of the best coins to invest in.
Bitcoin (BTC) is a crypto that operates on a decentralized platform. It is the first cryptocurrency, created in 2009 by someone named Satoshi Nakamoto – pseudonymously. Because of how it works, Bitcoin is immune to government oversight.
Recently, the Bitcoin price has been on a tear. It jumped from $43,190 to $61,212 over the past 30 days. Its market cap increased from $846B to $1.20T during that time. Additionally, 27 technical indicators are flashing green for Bitcoin. Because of this, experts predict this crypto titan will surge to $75,005 soon.
Ethereum (ETH) is a decentralized software platform. The entire system sits on blockchain technology, and that's what makes it secure. Anyone can use and create digital technologies with it. Ethereum has its crypto, which is meant to be payment for work done on the blockchain.
The Ethereum price has increased from $2,300 to $3,352 over the last month. Furthermore, this crypto trades above its 100 and 200-day EMAs while boasting 29 green indicators. As a result, experts forecast that this top 5 cryptocurrency will reach a value of $4,305 within Q2 of 2024.
There's a coin that has caught the world by storm – Binance Coin (BNB). This native token of the Binance exchange has exploded in popularity, and it's easy to see why. Holding it is crucial to obtain reduced trading fees on the Binance platform.
The Binance Coin has also been on an uptrend from a price standpoint. In other words, Binance Coin saw a price pump from $310 to $415 over the last month alone. Its market cap increased from $46B to $62B during that period. With 28 technical indicators in the green, market analysts foresee Binance Coin hitting the $526 level soon.
Solana (SOL) is also making a big crypto splash. This blockchain platform boasts fast and cheap transactions, making it an attractive alternative to its competitors. As its dApps take off individually, investors are excited about the coin's potential for massive profits.
Recently, the price of Solana has also skyrocketed. The Solana price surged from $101 to $115 in the past month alone. Its market cap has jumped from $43B to $51B in that time. The technical analysis of this crypto shows a bullish picture as it trades above its 50 and 100-day EMAs. Thus, experts forecast Solana to surge to $147 within Q2 of 2024.
Efficiency and fast transactions make XRP (XRP) a strong blockchain contender. It aims to revolutionize cross-border payments with speed. XRP has partnered with major financial institutions, making it even more appealing for investors.
XRP is riding a bullish wave as its value increased from $0.53 to $0.59 in the last 30 days. Its market cap also pumped from $28B to $32B in that period. XRP has now experienced 19/30 (63%) green trading days, so its future looks bright. Therefore, market analysts predict XRP will be worth $0.79 within Q2 of 2024.
Cardano (ADA) focuses on maintaining a secure and scalable blockchain platform. The Cardano native token has been designed with sustainability and a robust development team in mind. These qualities will attract people who are after something solid.
Cardano has also made headlines with its stellar price performance. The ADA value has surged from $0.50 to $0.64 over the past month. Moreover, 27 technical indicators are flashing green for this crypto. Due to all these reasons, experts foresee Cardano hitting a value of $0.85 soon.
Tron (TRX) is trying to wrangle the internet and create a massive decentralized platform. With its emphasis on entertainment and sharing content, Tron goes beyond just finance.
The Tron coin has been trading in the green lately as its value increased from $0.11 to $0.14 in the past month alone. Furthermore, Tron is now trading above its 100 and 200-day EMAs. With this fact, plus over 29 indicators in the green, its future looks bright. Market analysts forecast a potential surge to $0.18 within Q2 of 2024.
Chainlink (LINK) is the bridge that connects smart contracts to the real world. It does so by providing decentralized oracles that ensure everything runs smoothly. With such a significant role, Chainlink has become a crucial part of the crypto space.
The Chainlink price has soared from $14 to $20 in the past 30 days. Its market cap also increased from $8.46B to $11.78B. Not only that, but the Chainlink technical analysis shows bullish signs as it trades above its 100- and 200-day EMAs. Because of this, experts predict that Chainlink will emerge as a good crypto to buy, with its value soaring to $25.55 within Q2 of 2024.
Polkadot (DOT) is a multi-chain network that emphasizes chain-to-chain connection. The DOT token powers this network, enabling different blockchains to connect.
Over the past month, the Polkadot price has increased from $6.94 to $8.55. Meanwhile, its market cap also grew from $9.04B to $10.98B. Polkadot is now trading above its 50 and 100-day EMAs – a good sign for its future. As a result, market analysts are confident that Polkadot could surge to $10.50 soon.
For those new to the crypto scene, how you buy your coins is a serious decision. The easier it is to use, the better for beginners. One of the best ways is to go through a cryptocurrency exchange. Coinbase, Binance, and Kraken are all platforms that offer step-by-step instructions on how to make your first purchase.
Another good option is through crypto wallets. Wallets like Exodus, Trust Wallet, and Atomic Wallet also allow users to purchase cryptocurrencies directly within their apps.
You may also access presales, which are great opportunities to buy into a promising project early on. During this period, projects offer native tokens at a discount. Take KangaMoon, for example; you may start earning the KANG token just by buying one token and spreading the word about it on social media. A 10% bonus for every purchase is also in play on this presale.
Deciding which cryptocurrency to buy is no easy task. There's so much to consider, and everyone's preferences, risk tolerances, and investment goals are different. But since you're here, I'll share some of the key concepts that I think are most important when evaluating cryptos:
Check how the cryptocurrency is used and what tech it's got. Some coins solve real-world problems; others work in blockchains. The more utility it has, the better crypto to buy it is.
A dynamic and strong team is essential to a cryptocurrency's success. Make sure you research the development teams' background before investing any money. A strong sense of community can also do wonders for the value of your crypto, so look for one with an active community.
Linking up with big corporations or working with others in the industry can increase a cryptocurrency's legitimacy and follow. The crypto's value and reputation are affected by any reported collaborations.
Market cap is how much the whole cryptocurrency is worth, whether big or small. Conveys how much power it has in the market. For instance, KangaMoon has a market cap of $7.5M, which means it needs far fewer new funds for its value to skyrocket.
Assess the cryptocurrency's roadmap for the future. A transparent roadmap with continuous development shows a commitment to progress.
In conclusion, dealing with the cryptocurrency sector can be a real headache for the average person. There's so much to understand and many factors affecting a coin's success. But if you want an edge, our list of the top crypto coins gives you just that.
This list provides some insight into what could be the future of digital currency with projects like KangaMoon. We now understand why many analysts have it pegged as the next 100x crypto in 2024. If interested, sign up below and do not miss this unique opportunity to obtain a future top 5 cryptocurrency.
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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.