Altcoin
Brazilian Companies Paying Chinese Suppliers in Cryptocurrencies: Best Altcoins to Accumulate Now Ahead of Altcoin Season
The use of altcoins and other digital assets for payments has increased in recent months. Sebastian Serrano, CEO of one of the largest Latem exchanges, confirmed that many Chinese providers are already accepting cryptocurrencies as a form of payment from Brazilian companies. Besides Brazil, Argentina is another country that is exploring cryptocurrency adoption after meeting with the El Salvador team a few days ago.
There has been increased interest in altcoins following the latest Ethereum ETF approval. Analysts believe that the upcoming altcoin season will see some tokens witness massive rallies. Top altcoins expected to make massive rallies during the bull run include KangaMoon, Celestia, Binance Coin, Cosmos, and Ethena. Let’s see how they compiled the list of analysts below.
KangaMoon is ready to reach the best exchanges starting from 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 boasts over 32,000 members and 10,000 token holders. In addition to active members receiving rewards, there is a unique referral program where members who convince others to join the project receive free KANG tokens. To make the ecosystem more fun, KangaMoon and RaidSharkBot have collaborated to increase community engagement.
A huge reward of $1000 is up for grabs for those who join the initiative. Meanwhile, early Kangamoon investors are already enjoying huge profits as the price of $KANG has increased by 400% from its initial price. The KANG token, which sold for $0.0050 in phase 1, is now selling for $0.025. Now in the bonus stage, KangaMoon has successfully raised over $7.5 million, aiming to raise $8 million in June.
Meanwhile, the two popular cryptocurrency market data aggregator sites, CoinMarketCap and CoinGecko, have listed KANG, giving users the opportunity to examine market trends before making investment decisions. At the same time, BitMart, the popular CEX exchange, announced that it will list KANG very soon. Therefore, analysts expect a 50x price increase in the coming weeks, making it one of the best altcoins to buy now.
Celestia’s price is expected to increase in the near future
Celestia is one of the best altcoins that has shown great promise in the market. The Celestia network uses a unique approach to processing transactions. Unlike other altcoins on the market, Celestia is not multitasking, as it only grants access and verification of transaction data.
– Announcement –
Celestia’s native currency, TIA, was launched in October 2023 and serves various 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.
Analyzing the technical analysis of Celestia, the coin shows a positive price movement. Based on CoinMarketCap data, Celestia’s price has increased 433% in the last year and 15% in the last month. Meanwhile, Celestia coin is trading above the 50-day SMA, while it is closer to the 200-day SMA. Based on his current bullish market sentiment, leading cryptocurrency analyst, CryptoBull believes that a 120-150% rally is possible soon and this could push the price to $20, making it one of the altcoins to watch out for in June.
Can Binance Coin Price Rise to $1000 by Q3?
Binance Coin is among the top 10 altcoins set for a massive rally soon. BNB is the native token of Binance, the largest cryptocurrency exchange in the world. Binance uses proof-of-stake and proof-of-authority protocols to validate transactions.
One of the biggest attractions of the Binance ecosystem is that it quickly processes thousands of transactions. Aside from speed, transaction fees are low compared to other blockchains. Furthermore, the automatic burning feature of BNB is a game changer as it minimizes the supply and demand pressure for the BNB coin.
In recent days the BNB chain was the victim of a hacker attack which led to the theft of Bitcoin worth over $80,000. The negative Binance News has led to a decline in the price of the coin, with the price of Binance Coin falling by 3% in the last week. Furthermore, BNB trading volume is trending downward as investor fears have increased. Meanwhile, Binance Coin is trading above both the 50-day and 200-day SMA. Therefore, analysts believe that the next bull run will push the price closer to $1,000.
Cosmos Price Prediction: ATOM Coin is Poised to Reach $15 Soon
Cosmos has shown 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. Furthermore, the Cosmos Coin can be used to pay for all transactions made on the Cosmos ecosystem. As an ATOM token holder, you can vote for various proposals on the Cosmos hub.
As for market analysis, Cosmos price has established support above $8.60, aiming to retest the $10 resistance mark. With Cosmos increasing trading volume and market capitalization, the chances of the coin breaking through the key resistance zone are high. Based on market data, Cosmos price has gained 8% in the last month. Experts suggest that the price will reach $15 in the next few weeks when the Ethereum ETF starts trading.
Ethena’s price is set to break the highest barrier of all time
Ethena is the perfect choice for investors looking for short-term and long-term gains in 2024. Despite the market uncertainties, the Ethena coin has continued to strengthen. Launched a few months ago, Ethena has seen massive adoption, with Ethena’s market capitalization reaching $1.2 billion. For a new cryptocurrency, that’s a remarkable feat.
Furthermore, Ethena’s daily trading volume exceeds $200 million as it makes cryptocurrency experts’ list of the best altcoins to invest in for long-term profits. However, Ethena price fell slightly last week due to decreased market activity.
Meanwhile, Ethena Labs presented the Blast Layer 2 solution, which will enable mass adoption of USDe and sUSDe. Several Web3 projects, such as Thruster and Juice Finance, will offer USDe and sUSDe services. The new launch is set to increase the adoption of Ethena tokens in the crypto space. Analysts suggest that the price of the coin will reach the $1 mark in the coming months. As such, it is one of the altcoins poised to grow in the coming weeks.
Conclusion
Latin and Asian countries are some of the biggest lovers of altcoins. As explained in the introduction, Chinese suppliers are already accepting cryptocurrencies as payment for goods. To capitalize on the opportunity, the ones listed above are some of the best altcoins to buy now that have the potential to trigger massive rallies in the coming weeks. By accumulating these coins ahead of the altcoin season, investors are securing their financial future.
Discover exciting KangaMoon (KANG) presale opportunities today!
Disclaimer: This press release article is provided by Client. Customer is solely responsible for the content, quality, accuracy, products, advertising or other materials of this page. Readers should conduct their own research before taking any action relating to the material available on this page. Crypto Basic is not responsible for the accuracy of the information and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on any information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
-Announcement-