Altcoins
Best Cryptocurrencies to Invest in
In the current context of market turbulence, many cryptocurrencies are losing value. However, there are several coins that experts have remained bullish on, suggesting that they are the top cryptos to buy during the dip. Some altcoins to buy in today’s market include: KangaMoon, Litecoin, Bitcoin Cash, Ethereum, and Solana. This article will explain why these coins are the best cryptos to buy now.
KangaMoon (KANG): Best Altcoin to Buy in Current Market Drop
With just a few weeks on the market, the KangaMoon (KANG) presale is making headlines thanks 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.
Basically, the KANG token will serve as the in-game currency for the platform. With the native KangaMoon token, users will be able to create and upgrade their characters, access exclusive games, and purchase in-game items on the Kangaverse Marketplace. Each challenge on KangaMoon is an opportunity to earn a reward that translates into real assets.
Impressively, KANG token holders also have the opportunity to accumulate free tokens when they join to promote the project on social media. In its fifth stage presale, the KANG token is priced attractively at $0.0196, with revenue funding of over $5.9 million. Early investors have already seen a 290% ROI, with greater potential gains when the project reaches CEX Level 1 in the second quarter.
Strategically positioned to access the P2E gaming industry, which is expected to be worth $885 million by 2028, KangaMoon is poised for success. With this view, many analysts suggest an astronomical 100x growth for KangaMoon by the end of the year, thus making the KANG token one of the best cryptos to buy for future gains.
Ethereum price struggles to hold $3,200 despite falling gas fees
Ethereum, the decentralized open source blockchain, has seen significant value outflows over the past few days. The current downward trend in Ethereum coins can be attributed to the SEC’s delay in approving Ethereum ETFs and broader market volatility. Over the past week, Ethereum price has seen a decline, recording a 1% drop to trade between $3,209 and $3,172, according to CoinMarketCap data.
Despite widespread bearish sentiments, Ethereum’s 24-hour trading volume saw an 8.06% rebound, reflecting traders’ overall confidence in the altcoin. Additionally, the Ethereum coin saw gas fees drop to the lowest since October. With this bullish news, analysts predict that Ethereum price could rise in the coming months, suggesting that it would retest its high at around $4,000.
They believe that the next Ethereum price rise could happen at any time. As such, now is the time to buy Ethereum’s dip ahead of the next bull cycle.
Solana Performance and Price Analysis
After remaining resilient on the market charts, Solana coin is in a downtrend, seeing outflows of 12.03% in the past week. The current loss in value can be attributed to the bear market and suspicious cryptocurrency exchanges. Recently, Lookonchaina blockchain company, alerted Solana users of a suspicious transaction, sparking concerns about possible insider trading.
Solana’s bearish news triggered a downward trend in its market capitalization, which saw a 4.60% decline to $60.32 billion. Additionally, its 24-hour trading volume is also down, recording an outflow of 10.88% to $1.98 billion, according to CoinMarketCap data.
Despite Solana’s bearish sentiments, experts believe that Solana price may increase in the coming days. With developments and partnerships such as the launch of hSOL, which introduces free staking to the Solana ecosystem, Solana crypto will see increased trader interest in the ecosystem. There is no doubt that the altcoin is one of the best cryptos to buy right now.
Bearish Bitcoin Cash Price Outlook
As a peer-to-peer cash blockchain, Bitcoin Cash aims to become a strong global currency. Recently, Bitcoin Cash price hinted at neutral sentiment following the broader post-market correction. However, it has significantly slipped into a downtrend, recording an 11.45% drop in value to trade between $509.46 and $451.36 over the past week, according to CoinMarketCap data.
Additionally, Bitcoin Cash’s 50-day EMA acts as resistance to the current price chart on a 1-day time frame, reflecting strong bearish influence. Regardless, experts are predicting a massive rise in the price of Bitcoin Cash. The Bitcoin Cash crypto has increased in value on its charts since the start of the year, registering an impressive 276.57%, and has potential for further growth.
Although Bitcoin Cash 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.
Litecoin Price Dynamics as Holder Positions Change
According to Glass knot, Litecoin crypto saw significant changes in market dynamics in April related to the rotation of Hodler’s net position. Recently, Hodler’s net position has changed drastically, indicating that long-term holders are buying the altcoin.
Since Hodler’s position has been consistent since April 5, the Litecoin price is poised for massive changes. If the accumulation of Litecoin crypto rather than cash continues, the price of Litecoin could fight the current downtrend and start to rise.
Currently, Litecoin price is $83.04, down 2.32% over the past week. With this new development, experts have made bullish predictions on the price of Litecoin, suggesting that the price could reach $110 in the short term in the coming months. Therefore, Litecoin crypto is the best altcoin to buy now and HODL for future profits.
Conclusion
While more than 10,000 cryptos are in the market, it is difficult to find profitable ones that would yield astronomical profits in the short and long term. Keeping expert analysis in mind, the above cryptocurrencies are some of the best altcoins to buy for 100x growth potential. Nevertheless, KangaMoon is one of the best cryptocurrencies to invest in without breaking the bank. With its presale underway, now is the best time to purchase KangaMoon before its official launch.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
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