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In the cryptocurrency market, it can take a lot of work to tell which digital assets will perform well in the future. Nevertheless, YouTubers are famous for their accurate predictions about market trends. They have listed the top 5 cryptocurrencies that may experience significant increases in value during this Year of Dragon. Let's take a closer look at those coins.
KangaMoon (KANG) – A Social-Fi token that focuses on giving back to the community.
Hedera (HBAR) – A cryptocurrency experiencing tremendous growth recently.
Toncoin (TON) – The native cryptocurrency used for network operations and payments on TON.
Solana (SOL) – A blockchain platform that hosts many decentralized and scalable apps.
THORChain (RUNE) – A DEX that differs from others thanks to its native cross-chain swap feature.
The first project on our top crypto coins list for the Year of the Dragon is KangaMoon (KANG). This rising presale star has already obtained over $5.6M and is on pace to reach $6M before April 2024 ends. Not only that, but it recently announced a significant partnership with RaidSharks, which will improve engagement as a $1,000 monthly reward pool awaits.
Essentially, KangaMoon aims to tap into the Play-to-Earn (P2E) gaming market, which is projected to reach $885M by 2028. It will accomplish this by launching a P2E game in which KANG will serve as the main in-game currency. With KANG, you can buy in-game items and access exclusive challenges for extra rewards.
In addition, KangaMoon is all about giving back to the community. In other words, KangaMoon now provides its most active community members with free KANG tokens. Therefore, over 20,000 registered community members rush to like/share/comment on KangaMoon's social media posts and earn KANG before its official launch.
Currently, the KANG token costs $0.0196 as it is in Stage 5 of its presale – a 290% pump from its beginning price. However, analyst CryptoDexWorld claims that a 300x jump may soon occur. Given that a Tier-1 CEX listing for KANG is expected within Q2 of 2024, this price prediction looks pretty plausible. This makes KANG the best crypto investment in the Year of the Dragon.
Second on our top crypto coins list is Hedera (HBAR). Recently, Hedera has been rising on the price charts. According to CoinMarketCap data, the Hedera price surged from $0.080 to $0.14 in the past week alone. Its market cap also soared from $2.86B to $5.07B in that time. The crypto analyst behind the More Crypto Online YouTube channel predicts a rise to $0.44 soon.
The technical analysis for the Hedera coin also shows bullish signs. For example, Hedera is trading above its 100—and 200-day EMAs. Not only that, but 30 technical indicators are green for HBAR. Therefore, other experts in the crypto field have made a bullish Hedera price prediction—$0.20 before Q2 of 2024 ends. With this prediction, Hedera is a good crypto to buy.
Next, we have to mention Toncoin (TON) – a crypto that has been making waves. According to CoinMarketCap data, the Toncoin price soared from $5.33 to $5.90 in the past month alone. Its market cap surged from $18.61B to $20.44B in that period. Analyst Gerhard states that Toncoin is one of the top crypto coins that may rise during the Year of the Dragon bull run.
From a technical analysis perspective, the Toncoin crypto may continue this bullish run. Notably, TON is now trading above its 50—and 100-day EMAs while boasting 12 green technical indicators. As a result, market analysts predict a hike to $7.01 for Toncoin within Q2 of 2024.
We have Solana (SOL) in second-to-last place on our top 5 cryptocurrencies list. CoinMarketCap data shows that the Solana price skyrocketed from $140 to $158 in the past seven days and the SOL market cap increased from $62.54B to $70.91B during that time. In a new interview with Altcoin Daily, Raoul Pal foresees Solana's price hitting $600 soon.
Currently, the Solana crypto's technical analysis is also bullish. For instance, SOL is trading above its 100 and 200-day EMAs. Moreover, 27 technical indicators are flashing green for this crypto. Because of this, experts have made a bullish Solana price prediction. They predict a rise to $228 before Q2 of 2024 ends, which makes SOL one of the best cryptos.
Last but not least, THORChain (RUNE) is another good crypto to buy in the Year of the Dragon. CoinMarketcap data shows that the THORChain price increased from $5.11 to $5.83 in the last week alone and its market cap soared from $1.70B to $1.95B in that period. The crypto analyst More Crypto Online predicts that THORChain could hit $15.
The technical analysis for RUNE supports this prediction, as over 20 indicators are flashing green at the moment. Moreover, THORChain is now trading above its 100—and 200-day EMAs. Analysts note all these factors when making their THORChain price predictions. Therefore, they foresee a rise to $8.32 for THORChain within Q2 of 2024.
With the Year of the Dragon now underway, the crypto market is brimming with potential for massive gains. While Hedera, Toncoin, Solana and THORChain are among the top crypto coins, their long-term growth potential may not match KangaMoon's. This is because KANG has a low market cap of $19.6M, which means it needs less new funds for its price to skyrocket.
Thanks to this advantage, KANG will emerge as the best crypto investment in 2024. If you are interested in this potential blue-chip token, sign up for its presale using the links below and obtain a 20% bonus on each purchase for a limited time only.
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.
