Traders are constantly on the lookout for alternative cryptocurrencies (altcoins) to diversify their holdings and maximize returns during the upcoming bull market. However, with thousands of options available, choosing the right altcoins can be challenging. After conducting an analysis, we have identified four altcoins – TRON (TRX), Aave (AAVE), Toncoin (TON), and KangaMoon (KANG) – that have shown significant bullishness and the potential for high returns on investment (ROI). Let’s examine their performance on the charts to understand why these cryptos are being overlooked by traders.
TRON (TRX) is expected to reach $0.1769 by the fourth quarter of 2024. The cryptocurrency has gained attention for its 63% year-to-date (YTD) climb and a major ecosystem update. TRON DAO’s Super Representative candidates, including Google Cloud, have joined its blockchain, leading to a surge in TRON’s price. However, TRON still needs to surpass the $0.15 resistance level to attract crypto whales and achieve significant gains. If it succeeds, it could become one of the best altcoins to invest in.
Aave (AAVE) has unveiled its 2030 roadmap, which includes several upgrades and expansions such as Aave V4, Aave Network, Cross-Chain Liquidity Layer, non-EVM L1 deployments, and a new visual identity. These developments have contributed to a 51% YTD increase in the price of Aave. To reach new highs and trigger the next bull run, Aave needs to break the $100 price barrier. According to price predictions, Aave could reach $127.51 by the end of the fourth quarter.
Toncoin (TON) has emerged as one of the top gainers in the altcoin market, with a YTD increase of 243%. The cryptocurrency’s ecosystem has expanded significantly, leading to a 500% increase in daily addresses and a 1,276% rise in Total Value Locked (TVL) on DeFiLlama. Santiment reports that daily active addresses have surged by 100% in the past month alone. Given this bullish sentiment, Toncoin is predicted to reach $3.22 by the end of 2024, making it an attractive altcoin investment.
KangaMoon (KANG) is a recent altcoin that has gained momentum, with a 400% increase in its price. It stands out due to its unique combination of Social-Fi elements and Play-to-Earn (P2E) features. Unlike many cryptocurrencies in its niche, KangaMoon offers real utility, allowing users to earn tokens by playing games or participating in social media channels. The project has already raised over $6.9 million and is expected to raise more by the end of the month. With over 32,000 registered users, KangaMoon’s token price has risen from $0.005 to $0.025, and it is projected to surge 100x following its launch and major exchange listings.
Traders should not overlook these four altcoins as they each bring something unique to the Web3 space. TRON, Aave, and Toncoin have shown significant historical price increases, but KangaMoon presents the most recent growth potential due to its innovative Social-Fi elements and P2E features. With its promising outlook, KangaMoon is considered one of the best altcoins to invest in.
To explore the exciting opportunities of the KangaMoon (KANG) presale, visit their website or join their Telegram community.
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