Cryptocurrency is an evolving market that buyers are always looking to capitalize on. With the potential approval of Ethereum’s ETF, people are starting to look towards what altcoins will rise with it. Here are the top 5 altcoins that have been predicted to increase: KangaMoon (KANG), Toncoin (TON), Jupiter (JUP), NEAR Protocol (NEAR) and Optimism (OP).
The 5 Best Altcoins To Invest in at This Moment
KangaMoon (KANG) – An innovative altcoin with a community-driven focus that may dominate the P2E games market.Toncoin (TON) – Toncoin is making waves with its decentralized blockchain platform and may capitalize on Ethereum’s ETF approval.Jupiter (JUP) – One of the biggest Solana-based DeFi protocols that may rise soon.NEAR Protocol (NEAR) – NEAR Protocol is poised for some bullish growth, with the potential to be widely adopted in both the DeFi and NFT sectors.Optimism (OP) – Optimism’s L2 scaling solution seeks to enhance the efficiency and user-friendliness of Ethereum-based applications, making it a key player in the post-ETF world.
KangaMoon (KANG)
First on this altcoin list is KangaMoon (KANG), a rising presale star that has made waves in the market. It has already racked up an impressive $2.8M and counting and is targeting $3M by the end of March 2024. KangaMoon has shot up in the ranks due to its upcoming play-to-earn (P2E) game, which uses KANG as its primary in-game currency.
What’s unique about KangaMoon is that it’s very community-focused. If you actively engage with their social media posts, you have a chance to win free KANG tokens during the presale. This fact could make KangaMoon one of the most active communities in the altcoin space at this time.
As of now, at just $0.014 in Stage 4 of the presale, early KANG buyers are already seeing an amazing 180% ROI so far. But, experts expect even further growth for KANG—especially when considering that Yahoo Finance projects the P2E games market to grow to $885M by 2028. With a Q2 listing on a Tier-1 CEX incoming, this altcoin may hit $1 soon.
Due to all these reasons, KANG is one of the best altcoins to buy before Ethereum’s ETF approval. If you want this game-changing token, sign up using the links below and obtain a 10% bonus on each purchase.
Toncoin (TON)
Next on our list of top altcoins is Toncoin (TON). Toncoin is a decentralized blockchain platform from the Telegram Open Network project. It’s designed to be as efficient as possible with low transaction fees. With institutional interest in Ethereum ETFs beginning to spill over into altcoins, Toncoin is well-placed for growth.
Over the past 30 days, the Toncoin price jumped from $2.13 to $5.65, and its market cap grew from $7.41B to $19.60B. The technical analysis for this altcoin is bullish, as 27 technical indicators are flashing green. Additionally, the Toncoin crypto is now trading above its 50—and 100-day EMAs. Thus, experts foresee TON hitting $3.10 within Q2 of 2024.
Jupiter (JUP)
Jupiter (JUP) is our third-best altcoin pick. It is a DEX aggregator that runs on Solana. Jupiter makes trading cryptocurrencies across various DEXes super easy to do. This altcoin has been gaining traction recently as its value skyrocketed from $0.51 to $1.29 in the past month. Its market cap rose from $662M to $1.73B in that period.
From a technical analysis perspective, this bullish trend may continue for Jupiter. Notably, this altcoin now has over five technical indicators showing buy signals. Due to all these reasons, experts in the crypto field remain bullish for the Jupiter crypto. They forecast a rise to $1.64 within Q2 of 2024 as more and more altcoins could soar after an Ethereum ETF approval.
NEAR Protocol (NEAR)
We have placed NEAR Protocol (NEAR) in second to last place. This platform is focused on scalability and aims to mirror Ethereum as a platform where developers can build applications and create NFTs.
Over the last month, the NEAR Protocol price grew from $3.52 to $7.40 – a 100% jump. Its market cap rose from $3.67B to $7.78B during that time. This altcoin is trading above its 50- and 100-day EMAs while having 25 green technical indicators. As a result, market analysts predict NEAR Protocol will reach $8.42 before Ethereum ETF’s approval.
Optimism (OP)
Finally, we have Optimism (OP), an extension of Ethereum. It is an L2 scaling solution for Ethereum that uses optimism rollups to accept all transactions. This means that it can help make things cheaper and easier to manage. This kind of system is vital in a post-Ethereum ETF world.
The Optimism price charts show that it grew from $3.36 to $3.82 in the past week, and its market cap jumped from $3.38B to $3.84B in that period. This altcoin’s future looks bright, with 22 green technical indicators. Market analysts predict that the Optimism price will hit $5.13 within Q2 of 2024 once an Ethereum ETF approval comes to life.
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