Is it revving up again or burning out? Don’t miss these 5 best altcoins to buy

The cryptocurrency market is full of rumors about the return or end of the altcoin season. With this lack of certainty, few altcoins are making headlines. Today we will bring to light the five best altcoins of the moment: KangaMoon (KANG), Ethena (ENA), Solana (SOL), Arbitrum (ARB) and NEAR Protocol (NEAR).

1. KangaMoon (KANG)

The first place in our list of the best altcoins belongs to KangaMoon (KANG). This rising pre-sale star has already raised over $6.4 million and could reach $7 million before the end of May 2024. KangaMoon also boasts over 20,000 registered community members and over 6,000 KANG holders. As altcoin season begins to heat up, KANG could be among the best to watch.

According to Yahoo Finance, the Play-to-Earn (P2E) gaming market could reach a value of $885 million by 2028. KangaMoon aims to capitalize on this growth by creating a P2E game. Players can use the KANG altcoin to purchase in-game items and upgrade their characters in this game.

The innovative SocialFi features, exclusive to KangaMoon, are what sets it apart. Shortly before the official launch, KangaMoon distributed free KANG tokens to the most active users. This development has caused a frenzy among traders who rush to like, share and comment on KangaMoon’s social media posts.

KANG is now priced at just $0.0196 in Phase 5 pre-sale; however, it already shows an impressive 290% growth from the initial price of $0.005. But this is only the starting point: further price increases are expected to follow as the project’s development milestones are reached. Experts predict that the price of this altcoin could increase 50 times once listed on a CEX Tier-1 in Q2 2024.

2. Ethena (ENA)

Next, Ethena (ENA) is another altcoin that has made waves. Ethena leverages the power of its unique stablecoin, USDe, to create an artificial dollar that can be easily incorporated into different DeFi apps. With the altcoin season potentially underway, Ethena could be considered one of the best thanks to its forward-thinking roadmap.

Ethena’s price has increased from $0.63 to $0.75 in just the last 30 days and the market capitalization has increased from $824 million to $1.07 billion. Furthermore, three technical indicators for this altcoin are now in green. Therefore, analysts have made a bullish prediction of Ethena price. They expect an increase to $1.11 per ENA by the second quarter of 2024.

3. Solana (G)

Solana (SOL) has established itself as a strong player providing high throughput and scalability for dApps and smart contracts. Furthermore, with projects being developed every day, this cryptocurrency continues to attract the attention of traders. Solana’s growth potential makes it one of the best altcoins during the altseason.

SOL’s price has risen from $22.26 to $120 in the past year alone, and its market capitalization has jumped from $8.78 billion in that period to $53.91 billion. Furthermore, the Solana cryptocurrency is now trading above its 50-day and 100-day EMAs. Therefore, in their Solana price forecasts, experts predict a rise to $183 before the end of the second quarter of 2024.

4. Referee (ARB)

Another altcoin to keep an eye on is Arbitrum (ARB), the L2 scaling solution for Ethereum. With the growing demand for scalable DeFi alternatives, Arbitrum is expected to live up to expectations and bring profits this altcoin season.

Recently, Arbitrum price has fluctuated between $1.18 and $0.99 on the one-week chart. Arbitrum’s market capitalization moved between $3.17 billion and $2.63 billion in that time. However, the technical analysis of this altcoin shows a bullish future. For example, the ARB is trading above its 50-day EMA. As a result, market analysts predict a potential rise to $1.52 by the second quarter of 2024.

5. NEAR Protocol (NEAR)

NEAR Protocol (NEAR) is the latest in our promising list of altcoins. It is becoming famous due to its easy-to-use platform for developers. NEAR has various projects as it devotes a lot of effort to community-based development. Considering that the altcoin season could begin, NEAR can be considered one of the best altcoins of the moment.

As for the price of NEAR, in the last year alone it has gone from $1.83 to $5.90. NEAR Protocol’s market capitalization increased from $1.65 billion to $6.29 billion during that period. Furthermore, the NEAR protocol coin is now trading above its 50-day and 100-day EMAs. Thanks to 10 technical indicators in green, experts predict a jump to $9 for this altcoin before the end of the second quarter of 2024.

What are Altcoins?

Any digital currency developed since the birth of Bitcoin (BTC) is an altcoin. Many of them are designed for many different reasons, such as powering smart contracts, as a medium of exchange, etc.

Why should you buy Altcoins?

There are a few things to consider when deciding whether or not to buy altcoins and you need to balance the potential gains with the risks. Here are some of the reasons why people might want to buy altcoins.

• Higher expected returns: Compared to Bitcoin or traditional assets, some altcoins have greater earning potential.

• Innovative technologies: Just like Bitcoin, many other alternative currencies offer creative technologies and use cases.

• Diversification: A wide range of cryptocurrencies can help diversify an investment portfolio by spreading it across different assets, reducing overall risk.

Conclusion

The altcoin season seems ready to make a comeback and many cryptocurrencies could rise. Among these stand out KangaMoon, Ethena, Solana, Arbitrum and NEAR Protocol. However, one has a big advantage: KangaMoon’s low market capitalization of $19.6 million. This means that it needs far fewer new funds for its price to rise. Therefore, KANG is one of the best altcoins to invest in.

If you are interested, sign up for the presale using the links below and get a 10% bonus on every purchase.

Discover exciting KangaMoon (KANG) presale opportunities today!

Website: https://Kangamoon.com/

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