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The latest crypto market trend is unfavorable to many investors. Top altcoins are experiencing price dips which have made investors rethink their investment options. Despite the uncertainties in the altcoin space, there are still some top altcoins to buy with high chances of surging in the coming weeks. As such, now is the best opportunity to buy the dip. These top altcoins include KangaMoon, Ethereum, XRP, Optimism and Maker. Irrespective of what the market signals are, these are the best altcoins to invest in today for short and long-term gains.
The KangaMoon (KANG) ongoing presale is about to end, and rumors of the KANG token listing are already making waves in the market. Some analysts forecast the KANG price to surge by 50x after listing on major CEX exchanges in the coming weeks. This puts KangaMoon on our list of the best altcoins to invest in for short and long-term benefits.
Meanwhile, the KangaMoon presale is in stage 5 with the native token KANG sold for $0.0196. So far, over 22,000 people have signed up in the community, while more than 6,000 people have bought the presale. This figure shows the project's wide acceptance across the market. Also, early buyers have made 290% returns, which could increase by as high as 700% after launch.
The team has raised $6M in the presale, and that could increase to $7M before the end of the month. With KangaMoons' partnership with RaidSharksbot for engagement, the ecosystem will witness an increased inflow of users in the coming weeks. Notably, users who join the thrilling raid stand a chance of winning the $1000 monthly reward pool.
KangaMoon, as a platform, will combine Play2Earn with the Social-fi model to develop a community for meme enthusiasts. Users can engage in various challenges and win prizes. Those who win games are rewarded with virtual currency or rare in-game assets. With all these unique features, KangaMoon is about to revolutionize the meme industry, making it the top altcoin to buy now.
Ethereum is a decentralized blockchain and development platform. The Ethereum platform is designed to be secure, scalable, and programmable. While it is mainly designed to pay for work in the blockchain, the ETH token is used in the execution of decentralized smart contracts.
In the past few weeks, Ethereum news has restored token holders' confidence amid the market downturn. While the Securities and Exchange Commission (SEC) is expected to make a decision on the applications for nine spot Ethereum ETF in the month, Hong Kong has launched its first Ethereum ETF. The first day of trading recorded over $11M turnover which is a positive development.
Top crypto analysts believe that Ethereum ETF approval will increase investors' exposure to Ethereum, which could trigger more rallies for the Ether token. Ethereum market performance in Q1 was not bad. Having opened the year at $2,200, Ethereum's price surged above $4000 in March. With the positive news, some analysts believe ETH price will hit $5000 in the coming weeks, making it one of the top altcoins to watch out for in Q2.
Ripple (XRP) is one of the top altcoins used by many financial institutions worldwide. The XRP coin helps process all payments on the Ripple network quickly. Rather than use blockchain mining, Ripple uses a consensus mechanism. This entails that transactions on the Ripple network are validated by a trusted group of validators rather than through staking or mining.
The main advantage of the Ripple network is the swift settlement of all transactions. Most transactions are completed within 5 seconds on the network. Also, completing XRP network payments costs just 0.00001, which is much lower than other blockchains.
While Ripple has been locked in a legal battle with the SEC, some analysts believe that the token will witness massive rallies in the coming months as the case nears its end. Ripple's primary goal is to provide cross-border payment solutions to banks and other financial institutions. With more adoption of blockchain technology, Ripple will witness more adoptions. Some predict that Ripple price can hit $1 by the end of Q2.
Optimism is a stable platform which has an excellent architecture that members enjoy. They are committed to creating a sustainable development ecosystem that promotes fair business. Transactions using the Optimism token are cheaper than many cryptocurrencies. Like Ethereum, Optimism works well with DeFi applications as well as trading in NFTs.
The OP token allows users to transact and trade on the ecosystem. As a key governance token, it allows token holders to vote on certain decisions about the future of Optimism. There are also rewards for members via the OP token. Users can stake the token to participate in various community activities.
In terms of market performance, Optimism witnessed a massive rise in Q1 of 2024. The Optimism price hit $4.7 in the first week of March before witnessing a retracement. Some analysts believe that the Optimism price will surge in the coming weeks. As a layer 2 solution for Ethereum scalability issues, Optimism's price might hit $10 in the coming weeks, making it one of the top altcoins to buy now.
Maker (MKR) is a crypto platform that aims to resolve market volatility. The platform allows for simple and faster peer-to-peer transactions online. The aim of the Maker project is to stabilize the DAI Stablecoin. It hopes to achieve this via smart contracts.
The $MKR is important in the platform as it performs different roles. It is used as a utility token to pay for all transactions. Also, when fees are paid on the Maker ecosystem, some MKR are burned to make them more valuable. This burning mechanism is one of the unique features of the token. Token holders also have the right to vote on changes to the Maker protocol, with their voting power depending on the size of their MKR stake.
Regarding market performance, the yearly price metrics are positive. Having traded around $1600 earlier in the year, Maker moved past the $3,900 mark at the beginning of April for the first time since May 2021. Some analysts believe at the current trajectory, Maker's price will reach $4000 before the end of Q2. This puts it on the list of altcoins to watch in the month.
Even with the latest market turbulence, there are still some top altcoins to buy that will mostly yield high returns in the future. The above altcoins are likely to return huge profits in the future. Remember to do more research before investing.
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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.
