Best Altcoins To Buy for Enhanced Portfolio Performance Following Bitcoin and Ethereum ETF Listing
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In recent news, Hong Kong is following the US approach by listing different crypto exchange-traded funds, setting the foundation for the city to progress perfectly in creating a digital asset hub. China’s top asset managers are currently in the final preparation stages for spot Etherereum and Bitcoin ETFs to start trading by the end of the month according to reports by Bloomberg.
Due to this, traders are now looking for cryptos that can help them diversify their holdings and get the most out of the crypto market. Out of the many altcoins available, five altcoins have stood out as must have coins in this market dip. These include KangaMoon (KANG), Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Polygon (MATIC).
KangaMoon (KANG) Presale Hits $6 Million
KangaMoon (KANG) has been showcasing a surging trend appealing to more than 20,000 registered users. The main reason behind KangaMoon’s explosive growth is its outstanding community-driven approach, which combines SocialFi elements with P2E functionalities.
This unique altcoin project also sets itself apart by providing actual utility for its KANG tokens. This simply means that the KANG is used as the main in-game currency for play-to-earn games. Here, players have the chance to buy items, upgrade characters, and buy, sell, or trade NFTs to get more value. Additionally, KANG holders also have unique, exclusive access to in-game items and challenges.
KangaMoon’s last presale stage, which is going at $0.0196, has raised over $6M, which represents over 75% of the presale tokens. This means that KangaMoon is on its way to hitting its $7M target. Moreover, KangaMoon’s partnership with RapidSharksBot aims to boost community engagement while increasing the fun aspect of the platform’s ecosystem by providing $1,000 in monthly rewards.
With just an initial start price of $0,005, KangaMoon has managed to surge by 290% to trade at $0.0196 while at the same time offering its early investors a higher profit growth. This makes KangaMoon one of the top altcoins to invest in. According to analysts, KangaMoon is projected to hit the $0.5 price mark once listed among the top exchange platforms, making it one of the top 10 altcoins of 2024.
Algorand (ALGO): Offering Massive Token Utility and Better Earning Opportunities
Algorand (ALGO) has been showcasing a bullish trend. This blockchain-designed crypto makes it possible for everyone to create dApps. What makes Algorand crypto unique is that it can be easily used for payments and transactions within the network and can also be staked. For the Algorand price performance, the price of ALGO underwent a 27% surge YTD.
Moreover, despite Algorand’s price having undergone a year-to-date surge, its recent performance has also seen a bullish trend. This was evident in Algorand’s recent performance, where the price surged by 36.4% within seven days. The surge allowed the price of Algorand to move from $0.163 to $0.246. Currently trading at around $0.1870, according to CoinMarketCap, analysts highlight the price prediction for Algorand could surpass the $0.4267 price mark by the end of 2024.
Hedera’s Significant Market Performance
Hedera (HBAR) has been seeing the remarkable market performance. Following a recent public mention by a prominent investment firm known as BlackRock, Hedera coin value has skyrocketed by over 25% in just over a week. The HBAR coin also underwent a weekly surge of 62%, with a monthly increase of 16%. Hedera’s market cap has also reached $3.6 billion, which positions the altcoin at the 27th position, according to CoinMarketCap.
The Hedera coin association with Blackrock also caused a major spike in the price of Hedera, which shot by 73% in just a single day, peaking at the $0.015 mark. However, the price of Hedera later corrected to around $0.10 by the end of the week. Trading at around $0.1011 and $0.1025, according to CoinMarketCap, Hedera’s price prediction remains positive as analysts predict another major surge is imminent.
Near Protocol (NEAR): An Ethereum Competitor Standing Out in 2024
Near Protocol (NEAR) offers a software solution for developers to build decentralized apps easily. NEAR utilizes sharding to partition the network into segments, which enhances transaction speeds and scalability. This altcoin has gained a high reputation as a rapidly growing crypto, having accumulated over $309 million in TVL. With a top 20 ranking among valuable digital assets, the Near Protocol coin stands out as the best crypto to invest in.
With its recent partnership with Nodekitorg, the Near Protocol coin is on a trajectory of enjoying better NEAR price gains. Furthermore, the Near Protocol price is trading at around $6.70, according to CoinMarketCap, which is a 253.76% YTD increase. However, according to the Elliott Wave sequence, the NEAR price trends seem optimistic, with expectations of a better NEAR price prediction in the coming days.
Polygon (MATIC): Enhancing Ethereum’s Capabilities
Polygon (MATIC) has been strengthening Ethereum’s network by boosting its scalability through additional sidechains, which helps reduce transaction costs. Despite the price of Polygon coin having undergone a slight dip, MATIC has managed to maintain a robust weekly growth of 8%. Polygon coin’s relevance within the altcoin market is highly reflected in its $7 billion market valuation, which ranks it among the top 20 cryptocurrencies to invest in.
However, even after the Polygon price surge, the coin is currently undergoing a dip, having reduced by almost 30% this month. In the past few hours, Polygon has also dipped by around 4% to trade at around $0.70, according to CoinMarketCap. This dip has also been noticed in the Polygon market cap, which also reduced by 4.66% to reach $6.9. Despite this current fall, Polygon is well-known for performing perfectly within the crypto market, which is why market analysts remain positive about Polygon’s price prediction.
Unlocking Potential: Identifying the Altcoin Primed for Maximum Return
It’s quite clear that the altcoin market seems to be taking over the crypto market through promising high growth potential. From Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Polygon (MATIC). However, despite the unique potential being offered by such altcoins, KangaMoon offers significant growth, having achieved more than was anticipated in presale. This means that KangaMoon is one of the best altcoins that should not be overlooked especially if you wish to enjoy higher ROI.
Discover the exciting opportunities for the KangaMoon (KANG) presale today!
Website: https://kangamoon.com/
Join KangaMoon Community: https://t.me/kangamoonofficial
