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Amid the current market turbulence, many cryptocurrencies are losing value. However, there are several coins that experts have remained optimistic about, suggesting they're the top cryptos to buy in the dip. Among the altcoins to buy in the current market include; KangaMoon, Litecoin, Bitcoin Cash, Ethereum, and Solana. This article will explore why these coins are the best cryptos to buy now.
With just a few weeks on the market, KangaMoon's (KANG) presale has been making headlines due to its remarkable performance. Unlike other cryptocurrencies, the platform has unique innovative features merging SocialFi and GameFi elements to create a vibrant community, where users interact, have fun, and ultimately earn rewards.
At its core, the KANG token will serve as an in-game currency for the platform. With the KangaMoon native token, users will create and upgrade their characters, access exclusive games, and buy in-game items on the Kangaverse marketplace. Each challenge on KangaMoon is an opportunity to earn a reward that translates to real-world assets.
Impressively, KANG token holders also have a chance to accumulate free tokens when they join to promote the project on social media. In its stage five presale, the KANG token is priced attractively at $0.0196, with over $5.9 million in revenue funding. Early investors have already recorded a 290% ROI, with more potential gains when the project hits the Tier-1 CEX in Q2.
Strategically positioned to access the multi-million P2E gaming industry projected to increase in value to $885M by 2028, KangaMoon is set for success. With this view many analysts hint at 100x astronomical growth for KangaMoon by the end of the year, thereby making KANG token one of the top cryptos to buy for future gains.
Ethereum, the decentralized open-source blockchain, has experienced significant outflows in its value over the past few days. The current Ethereum coin downtrend can be attributed to the SEC delaying the approval of Ethereum ETFs and the broader market volatility. Over the past week, Ethereum price witnessed a downturn, recording a 1% decline to trade between $3209 and $3172, according to CoinMarketCap data.
Despite the bearish sentiments across the board, Ethereum's 24-hour trading volume had an 8.06% bounce, reflecting overall trader confidence in the altcoin. Additionally, the Ethereum coin has seen a drop in gas fees to the lowest point since October. With this bullish news, analysts see Ethereum's price potentially rallying in the coming months, suggesting that it would retest its peak at around $4000.
They believe the upcoming surge in Ethereum's price could happen at any moment. As such, now is the time to buy the Ethereum dip before the next bull cycle.
After remaining resilient on market charts, Solana coin is in a downtrend, recording 12.03% outflows in the past week. The current value loss can be attributed to the bearish market and suspicious cryptocurrency trade. Recently, Lookonchain, a blockchain firm, alerted Solana users about a suspicious trade, sparking concerns of possible insider trading.
The bearish Solana news has triggered a downtrend in its market capitalization, which saw a 4.60% decline to $60.32B. Moreover, its 24-hour trading volume is also dipping, recording a 10.88% outflow to $1.98B, according to CoinMarketCap data.
Despite Solana's bearish sentiments, experts see that the price of Solana may increase in the coming days. With developments and partnerships like the hSOL launch, which introduces free-fee staking on the Solana ecosystem, Solana crypto will experience increased traders' interest in the ecosystem. There's no doubt that the altcoin is among the top cryptos to buy now.
As a peer-to-peer cash blockchain, Bitcoin Cash aims to become a sound global currency. Recently, Bitcoin Cash's price has hinted at neutral sentiment after the broader post-market correction. However, it drastically slipped to bearish ways, recording an 11.45% decline in value to trade between $509.46 and $451.36 over the past week, according to CoinMarketCap data.
Additionally, Bitcoin Cash's EMA 50-day is acting as resistance to the current price chart in the one-day time frame, reflecting a strong bearish influence. In any case, experts have forecast massive rallies for the price of Bitcoin Cash. Bitcoin Cash crypto has increased in value on its YTD charts, recording an impressive 276.57%, and has the potential for more growth.
While Bitcoin Cash's price failed to reach the $700 mark, experts believe it will retest this area in the coming days, making BCH coin the best dip to buy now.
According to Glassnode, Litecoin crypto experienced significant changes in April's market dynamics relating to Hodler's net position rotation. Recently, the Hodler net position drastically shifted, indicating that long-term holders are purchasing the altcoin.
Since the Hodler position has been consistent since April 5, there are about to be massive changes in the price of Litecoin. Should the accumulation of Litecoin crypto than cash continue, the price of Litecoin could fight off the current downtrend and start rising.
Currently, Litecoin's price is $83.04, a 2.32% decline in value over the past week. With this new development, experts have made bullish Litecoin price predictions, suggesting that the price could rise to $110 in the short term in the coming months. Therefore, Litecoin crypto is the best altcoin to buy now and HODL for future profits.
While over 10,000 cryptos are on the market, finding profitable ones that would return astronomical profits in the short and long term is challenging. With experts' analysis in mind, the above cryptocurrencies are among the best altcoins to buy for 100x growth potential. Nonetheless, KangaMoon is a top crypto to invest in without breaking the bank. With its ongoing presale, now is the best time to buy KangaMoon before its official launch.
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.
