.png){kind=logo}
Just a week after eight spot Ethereum ETFs were approved by the SEC, it has been confirmed that the Volatility Shares 2x Ether ETF will become the first to begin trading. The leveraged Ether ETF will begin trading in the US on June 4.
The launch of the first leveraged Ether ETF will come roughly one year after the Volatility Shares 2x Bitcoin fund opened for business. The other Ether ETFs are expected to follow shortly, leading many market experts to predict that a major altcoin season will follow.
Already, the dominance of Bitcoin has been declining, confirming the claims of an altcoin season. In this altseason, because Ethereum is leading the way, ERC20 coins have been forecasted to emerge as the biggest gainers.
Although Ethereum will be the face of this year’s altseason because of the ETF approval, below are the best altcoins to buy for the biggest returns.
KangaMoon (KANG) is one of 2024’s revelations, creating a ton of excitement in the crypto community because of its new SocialFi protocol. Social-Fi is a unique blend of play-to-earn (P2E) gaming and social interaction, which was designed to incentivize community members.
By creating a P2E ecosystem known as Kangaverse, the user will be able to play different blockchain games they are paid for, and this will increase the demand for KANG tokens as more users join the ecosystem. Simply playing blockchain games is not the only way to earn through KangaMoon. They can also earn depending on the level of activity of the network’s users and the activity on multiple social networks.
KangaMoon has onboarded over 32k users, and these numbers could go through the roof as the project recently partnership with RiadShark to amplify community engagement. This has fueled a KANG massive buying spree, leading to the raise of over $7.9 million in presale funding.
The ERC20 token, KANG, has been one of the top performers, rallying by 400% to hit its current price of $0.025. With the growing traction and BitMart announcing support for KANG before it launches, analysts are optimistic that the coin could trade as high as $1 in this year’s altseason. The presale is in a bonus round, meaning you have only limited time to join savvy investors buying KANG now.
Artificial Intelligence (AI) is becoming a big trend in the crypto market, and Render (RNDR) is one of the best altcoins positioned to benefit from it. The unique niche of Render as a GPU platform where people contribute and buy computing power means RNDR is poised for massive success.
Render is one of the DeFi projects that analysts have forecasted that will make the rendering process, as well as streaming intricate virtual works easier for all users. The Render Token has already leveraged this, with its price increasing by more than 120% in 2024. Market experts have forecasted that as the platform gains more users, RNDR could surge by another 2.5x to hit $35 before the year ends.
Chainlink (LINK) has emerged as one of the best altcoins to buy in the early stages of this altseason. The altcoin has successfully broken out of consolidation, rallying to the $19 price range. However, Trade Rocko from Wall Street Bets is optimistic that the Chainlink coin can rally to $100 during this altseason.
Many market experts share similar sentiments because of the growing role of Chainlink in the tokenization of real world assets. The project recently completed a pilot program for the tokenization of funds where several big banks, including JPMorgan, Templeton, and BNY Mellon participated. With the tokenization sector predicted to grow even bigger, LINK has become one of the top altcoins to watch.
Shiba Inu (SHIB) might not have had the same flashy price increases as other meme coins this year, but it has certainly been growing. The recent rally from SHIB has seen the ERC20 token displace Cardano to become the number ten largest cryptocurrency by market cap. Shiba Inu now has a market cap of $16.16 billion. The rise in SHIB’s market cap can be linked to the expanding network.
Looking ahead, the increasing token burn, the massive development on its layer two network, and the rising demand for SHIB have been forecasted to spur a massive price increase for Shiba Inu. SHIB Knight has forecasted that the ERC20 token will outpace other meme coins, rallying from its range at $0.000027 to $0.0000600 this year.
Fetch.ai (FET) is one of the top altcoins that looks to benefit from the growing focus of AI this year. On June 13, Fetch.ai, SingularityNET, and Ocean Protocol will merge for the Artificial Superintelligence Alliance. This alliance could fuel a massive price surge for the Fetch.ai crypto.
The three DeFi projects will work together to build a decentralized AI infrastructure. The new platform will provide AI data that is transparent and shared openly between contributors. With this major move, the FET token has been forecasted to go on a major price rally, possibly doubling its price by the time of its launch.
The beginning of trading for Ethereum ETFs could flag off the biggest altseason in years. Shiba Inu, Render, Chainlink, and Fetch.ai have shown why they are among the best altcoins, as they could rally to new ATHs this year. However, the spot for the biggest gainer has been reserved for KangaMoon, as its exciting new Social-Fi concept has been forecasted to lead to mainstream adoption.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.
