Altcoins
Unveiling Hidden Cryptocurrencies: Prepare for the Post-Market Drop of Altcoin Season with These 5 Best Altcoins
As the cryptocurrency market declines, traders are looking for unknown tokens that could bring them big profits in the altcoin season. This article looks at five of the best unknown altcoins: KangaMoon (KANG), Render (RNDR), Sui (SUI), Ondo (ONDO), and Cosmos (ATOM).
KangaMoon (KANG): among the most promising altcoins to keep an eye on
At the top of our list of top altcoins, we have KangaMoon (KANG). This rising pre-sale star has already provided first-time buyers with a 400% ROI while boasting over $6.6 million raised. Not only that, some projections suggest that KangaMoon could raise $8 million before the end of May 2024. The future of this altcoin looks bright with this fact, plus over 6,000 KANG holders already.
Essentially, KangaMoon has ambitions to dominate the Play-to-Earn (P2E) gaming market, which Yahoo Finance estimates will reach $8,856 million by 2028. It will do so by creating a P2E game with KANG as the primary in-game currency. With KANG you can purchase in-game items or even access exclusive challenges to get extra rewards.
What sets this altcoin apart from others is its SocialFi aspect. To clarify, KangaMoon has a community-driven focus. For example, it now provides the most active community members with free KANG tokens ahead of its official launch. Therefore, 20,000 registered community members enjoy KangaMoon’s social media content to earn this altcoin for free.
KANG costs only $0.025 as it is in the bonus phase of the pre-sale. This is a growth of 400% compared to the initial price. However, market analysts remain bullish, predicting a potential 100x upside once a Level 1 CEX lists it in Q2 2024. Given all these factors, KANG could become one of the best altcoins to invest in.
Render (RNDR): Another Altcoin gaining ground
Next, we will discuss Render (RNDR), the disruptive force in the cloud computing industry. Recently, this altcoin made headlines as Render announced that the initial community vote for Blender Cycles integration has passed. This integration will give nearly 2 million Blender users seamless access to the Render Network and its resources.
As for Render’s price movement, it has increased by 541% in the last year alone, as its market capitalization has remained at $4.2 billion. Furthermore, there are over 26 technical indicators in the Render token purchase zone. Therefore, market analysts have made a bullish prediction of Render’s price. They predict a potential jump to $13.92 for Render by the second quarter of 2024.
Sui (SUI): climbing the list of Altcoins
Next, we need to talk about Sui (SUI), an altcoin that has recently made waves in the cryptocurrency market. Sui observed which achieved a throughput of over 800 TPS, an important milestone that demonstrates that Sui is capable of handling this volume of transactions.
As altcoin season arrives, Sui may take off. Indeed, Sui’s trading volume now stands at $209 million, while its market capitalization stands at $2.3 billion. Furthermore, the RSI of the Sui cryptocurrency is showing 35 (a bullish sign). For all these reasons, experts in the field of cryptocurrencies have come up with a prediction for the Sui price: to reach $1.57 by the end of the second quarter of 2024.
Ondo (ONDO): up almost 450%
In penultimate place we placed Ondo (ONDO), an altcoin showing important gains. Data from CoinMarketCap shows that Ondo’s price has increased nearly 390% over the past 12 months, while its market capitalization has remained at $1.10 billion. This bullish trend is expected to continue Ondo announced will strengthen its partnership with ether.fi.
The technical analysis of this altcoin also shows some bullish signs. For example, 16 technical indicators flash green for the Ondo coin. Market analysts take note of all these charts when making their Ondo price predictions. Therefore, they predict a rise to $1.23 for Ondo by Q2 2024. This price prediction makes Ondo one of the altcoins to watch.
Cosmos (ATOMO): important future developments
Last but not least, we will mention Cosmo (ATOM). This altcoin project is a decentralized blockchain network connected by the Inter-Blockchain Communication (IBC) protocol. Cosmos price recorded a decline of 13% on the YTD chart. However, Cosmo announced that IBC will come to the BNB chain through TOKI.
This development could trigger a rally for this altcoin. Furthermore, over 13 technical indicators are green for the Cosmos cryptocurrency. Therefore, experts expect a jump to $13.76 by the second quarter of 2024.
What are Altcoins?
Altcoins are cryptocurrencies besides Bitcoin, which is known as the original and most popular of all. They were created to eliminate many problems in the cryptocurrency market.
Should You Buy Altcoins?
There may be a few reasons why it may be beneficial to buy altcoins:
- A low price: Altcoins have relatively low prices per coin, unlike Bitcoin, which is highly valued.
- Diversification: With altcoins you can diversify your portfolio, reducing risk in the process.
- Utility: Altcoins usually have various use cases that can redefine entire markets.
Conclusion
For those looking to make money in the next altcoin season, these are some of the best to keep an eye on: KangaMoon, Render, Solana, Ondo, and Cosmos. However, KangaMoon boasts one significant advantage: a low market capitalization of $19.6 million. This means it will need far fewer new funds for its price to skyrocket.
If you want to buy it, sign up for the presale now and get a 10% bonus on every purchase.
Discover exciting KangaMoon (KANG) presale opportunities today!
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