Altcoin
Top 5 Altcoins Under $1 Revealed Poised for Explosive Growth in May 2024
With the recent decline in the cryptocurrency market, traders have the opportunity to purchase projects that can grow enormously. Now that it’s May 2024, some altcoins are getting noticed because they’re priced under $1 and fit that description.
The best Altcoins to keep on your radar
Here are the top altcoins to watch this month:
- KangaMoon (KANG): One of the best altcoins currently on presale.
- Gala (GALA): An altcoin that shows good growth potential.
- SingularityNET (AGIX): Another altcoin that is up almost 270%.
- Pyth Network (PYTH): An altcoin that displays green trading charts.
- Fantom (FTM): One of the altcoins to watch in May 2024.
Now we will go into more detail about all these altcoins. Let’s start.
1. KangaMoon (KANG): Outstanding presale performance
First on our list of the best altcoins is KangaMoon (KANG), a unique altcoin currently on pre-sale. This pre-sale has already raised over $6.6 million and could reach $8 million before the end of May 2024. Additionally, those who purchased it early are now seeing a 400% ROI. Therefore, many traders see KANG as one of the best altcoins at the moment.
This altcoin will power the KangaMoon Play-to-Earn (P2E) game, which will launch soon. With KANG anyone can purchase in-game items and upgrade characters. Additionally, KangaMoon announced that all KANG owners will have exclusive access to weekly, monthly and quarterly challenges for extra tokens/rewards.
Unlike most altcoins, KANG has a community-driven focus. For example, KangaMoon provides free KANG tokens to active community members before its launch. Therefore, over 20,000 registered community members are rushing to like/share KangaMoon’s social media posts. This could lead to KangaMoon becoming the most active community on the market.
A KANG costs only $0.025 as it is in the bonus phase of the pre-sale. Demand is high as over 6,000 people now hold this altcoin. Experts predict a potential jump to $1 once a Tier 1 CEX lists KANG in Q2 2024. Given its ties to the P2E gaming market, which is expected to reach $8856 million by 2028, this prediction has the potential to become reality.
2. Gala (GALA): A bullish trend ahead
Next, we have to mention Gala (GALA), a blockchain platform created for the gaming industry. It focuses on decentralizing gaming experiences, which has attracted many traders. Indeed, Gala announced it which surpassed over $100 million in trading volume on GalaSwap.
Gala’s price movement increased by around 52% over the past 12 months, when its market capitalization reached $1.32 billion. Not only that, there are now 21 technical indicators in green for the Gala coin as it is trading above its 50-day and 100-day EMAs. As a result, experts have made a bullish prediction of Gala’s price. They state a potential increase to $0.066 before the end of the second quarter of 2024 for Gala.
3. SingularityNET (AGIX): among the most profitable Altcoins
SingularityNET (AGIX) is another altcoin that has made waves in the market. Data from CoinMarketCap shows that SingularityNET’s price has seen a 292% increase in the past year alone, when its market capitalization reached $1.21 billion. Recently, SingularityNET announced that the technical roadmap for the ASI token is coming soon, causing a mass hype in the cryptocurrency market.
The technical analysis of the SIngularityNET coin also shows bullish signals. For example, for this altcoin there are over 25 technical indicators in the buy zone. Therefore, market analysts predict a pumping to $1.31 for AGIX in the second quarter of 2024. With this prediction, AGIX is one of the altcoins to watch in May 2024.
4. Pyth Network (PYTH): An Altcoin gearing up for a major token unlock
Another member of the best altcoins of May is Pyth Network (PYTH). According to data from CoinMarketCap, Pyth Network’s price has fallen 26% since its inception, while its market capitalization has remained at $722 million. Furthermore, Reveal TokenUnlocks that May 20th will see the release of PYTH 2.13 billion, which is expected to be worth around $1.1 billion.
From a technical analysis perspective, this bullish trend could continue after the unlocking of the Pyth Network token. Notably, there are now six technical indicators in the buy zone for the Pyth Network coin. For all these reasons, experts predict a potential rise to $0.79 before the end of the second quarter of 2024 in their Pyth Network price forecasts.
5. Fantom (FTM): Trading in the green
Finally, we have to talk about Fantom (FTM), an altcoin that saw an impressive first quarter of 2024. A new Messari Report shows that Fantom recorded quarter-over-quarter growth across various significant metrics. These include a 101% increase in market capitalization, a 24% increase in average daily active addresses, and more.
Fantom’s price has increased by more than 89% in the last 12 months and its market capitalization is almost $1.9 billion. Furthermore, the Fantom coin is now trading above its 100-day and 200-day EMAs. Therefore, market analysts expect a jump to $1.06 for Fantom by the second quarter of 2024.
Conclusion on the best Altcoins to invest in this May
In May 2024, KangaMoon, Gala, SingularityNET, Pyth Network, and Fantom may be the most promising altcoins to explode soon. However, KangaMoon stands out due to its low market capitalization of $19.6 million. This means that it needs fewer new funds for its price to rise. If you are interested in this altcoin, sign up for its presale now and receive a 10% bonus on every purchase.
Discover exciting KangaMoon (KANG) presale opportunities today!
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