Altcoins
Brazilian Companies Paying Chinese Suppliers in Crypto – The Best Altcoins to Stack Now Ahead of Altcoin Season
The use of altcoins and other digital assets for payment purposes has increased in recent months. Sebastian Serrano, CEO of one of the largest exchanges Laatem, confirmed that many Chinese providers already accept cryptos as a payment method for Brazilian businesses. Besides Brazil, Argentina is another country exploring cryptocurrency adoption after meeting with the El Salvador team a few days ago.
There has been growing interest in altcoins following the latest approval of the Ethereum ETF. Analysts believe that the upcoming altcoin season will see some tokens witness massive rallies. Some of the top altcoins projected for massive rallies during the bull run include KangaMoon, Celestia, Binance Coin, Cosmos, and Ethena. Let’s see how they put together the analyst list below.
KangaMoon set to reach top exchanges starting with Bitmart
KangaMoon is one of the new crypto projects generating a massive frenzy in the altcoin market. The project aims to create a highly entertaining and profitable ecosystem for all members. Unlike other meme coins that thrive on hype, KangaMoon has real utility. The native KANG token is used to reward players on the platform and distribute rewards to users.
The KangaMoon platform now has over 32,000 members and 10,000 token holders. In addition to the rewards that active members receive, there is a unique referral program in which members who convince others to join the project receive free KANG tokens. To make the ecosystem more fun, KangaMoon and RaidSharkBot have teamed up to boost community engagement.
A huge reward of $1,000 is up for grabs for those who take part in the initiative. Meanwhile, early Kangamoon investors are already enjoying huge profits as the price of $KANG has surged 400% from its initial price. The KANG token which was sold at $0.0050 in stage 1, is now sold at $0.025. Now in the bonus stage, KangaMoon managed to raise over $7.5 million while aiming for $8 million in June.
Meanwhile, both popular crypto market data aggregation sites, CoinMarketCap and CoinGecko, have listed KANG, giving users the opportunity to review market trends before making investment decisions. At the same time, BitMart, the popular CEX exchange, announced that it will list KANG very soon. As such, analysts predict a 50x price increase in the coming weeks, making it one of the best altcoins to buy right now.
Celestia price expected to increase in near future
Celestia is one of the best and very promising altcoins on the market. The Celestia Network uses a unique approach to processing transactions. Unlike other altcoins on the market, Celestia does not multitask, as it only guarantees access and verification of transaction data.
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Celestia’s native currency, TIA, launched in October 2023 and serves a variety of functions. Developers in the Celestia ecosystem can use $TIA to pay for various data services. Meanwhile, the TIA token is deflationary, as it is burned from time to time to stabilize the price.
Digging into the technical analysis of Celestia, the coin shows positive price action. Based on CoinMarketCap According to the data, the price of Celestia has soared 433% over the past year and 15% in the past month. Meanwhile, Celestia coin is trading above the 50-day SMA while moving closer to the 200-day SMA. Based on the current bullish market sentiment, top crypto analyst, CryptoBull believes a 120-150% rally is possible soon and this could push the price to $20, which would make it one of the altcoins to watch in June.
Can Binance Coin Price Reach $1,000 by Q3?
Binance Coin is among the top 10 altcoins that are expected to see a massive rally soon. BNB is the native token of Binance, the world’s largest crypto exchange. Binance uses Proof of Stake and Proof of Authority protocols to validate transactions.
One of the main attractions of the Binance ecosystem is that it processes thousands of transactions quickly. Besides speed, transaction fees are low compared to other blockchains. Additionally, the BNB auto-burn feature is a game-changer as it minimizes the demand and supply pressure for the BNB coin.
Over the past few days, the BNB chain was the victim of a hacker attack, which resulted in the theft of over $80,000 worth of Bitcoin. Negative news from Binance led to a decline in the coin’s price, with the price of Binance Coin falling 3% last week. Additionally, BNB trading volume is on a downward trend as investor fears mount. Meanwhile, Binance Coin is trading above the 50-day and 200-day SMAs. As such, analysts believe that the next bull run will bring the price closer to $1,000.
Cosmos Price Prediction: ATOM Coin Expected to Hit $15 Soon
Cosmos has given positive signals in recent weeks, which have not gone unnoticed in the altcoin market. The Cosmos project aims to solve fragmentation issues across different blockchains. He wants to make blockchain technology accessible and easy to use for all developers.
Powered by its native currency, $ATOM, Cosmos promotes scalability as it aims to process thousands of transactions per second. Also, Cosmos Coin can be used to pay for all transactions carried out on the Cosmos ecosystem. As an ATOM token holder, you can vote for various proposals on the Cosmos hub.
Regarding the market analysis, Cosmos price established support above $8.60 while aiming to retest the $10 resistance bar. With Cosmos’ trading volume and market capitalization increasing, the chances of the coin breaking through the key resistance zone are high. Based on market data, Cosmos price has gained 8% over the past month. Experts predict the price will reach $15 in the coming weeks as the Ethereum ETF begins trading.
Ethena Price set to break highest barrier ever
Ethena is the ideal choice for investors looking for short-term and long-term gains in 2024. Despite market uncertainties, Ethena coin has continued to gain strength. Launched a few months ago, Ethena has seen massive adoption, with Ethena’s market capitalization reaching $1.2 billion. For a new crypto, this is a remarkable feat.
Additionally, Ethena’s daily trading volume exceeds $200 million as it lists crypto experts of the best altcoins to invest in for long-term profits. However, the price of Ethena has declined slightly over the past week due to decreased market activity.
Meanwhile, Ethena Labs unveiled the Blast Layer 2 solution, which will enable mass adoption of USDe and sUSDe. Several Web3 projects, such as Thruster and Juice Finance, are expected to offer USDe and sUSDe services. The new launch is expected to increase the adoption of Ethena tokens in the crypto space. Analysts predict that the price of the coin will reach the $1 mark in the coming months. As such, it is one of the altcoins poised for growth in the coming weeks.
Conclusion
Latin and Asian countries are among the biggest fans of altcoins. As explained in the introduction, Chinese suppliers already accept cryptos as a means of payment for their goods. To take advantage of this opportunity, here are some of the best altcoins to buy now that have the potential to spark massive rallies in the coming weeks. By stacking these coins ahead of altcoin season, investors secure their financial future.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
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