While the cryptocurrency market is known for its volatility and unpredictability, certain factors or events in the market can alter the trajectory of any token either positively or negatively. One such event is the Bitcoin halving, a quadrennial event that sees the supply of Bitcoin as well as miners’ reward cut into half.
In other words, this phenomenon involves the halving of the circulating Bitcoin in supply in an attempt to curb inflation so as to maintain scarcity for the token. While this was designed to affect only Bitcoin, the trading volume of most cryptocurrencies typically fluctuates in tune with BTC in the days leading up to the halving event.
Now, with the next halving happening in a few days time, several cryptocurrencies have shown prospects to soar before the event. KangaMoon (KANG), for example, has recorded a magnificent $5M+ in presale revenue and rewarded its early buyers with intense profits. In this article, we shall be delving into five top altcoins to buy before the Bitcoin halving event.
KangaMoon (KANG) Wins Investors Heart With Promising Trajectory
Being a new entrant into the cryptocurrency market hasn’t stopped KangaMoon (KANG) from making a statement. Notably, KangaMoon already stands out as a major disruptor in the meme coin market, Showcasing its potential to become one of the top altcoins in the market.
Particularly, KangaMoon uniquely integrates SocialFi and GameFi Play-to-Earn (P2E) elements in an interactive ecosystem dubbed “Kangaverse”. Here, players can customize unique in-game characters, engage in battle-themed contests and win various rewards, including KANG tokens and other valuable in-game collectibles. Moreso, non-players can take part in speculative betting and also earn based on the outcomes of the battles.
While KangaMoon is currently in the fifth stage of its presale phase, the network has recorded a whopping $5M in presale revenue with expectation to cross the $7M funding milestone by the end of April. Furthermore, the KANG token has witnessed an increase in value, surging from an initial price of $0.005 to a current price of $0.0196. This notable price increase has already delivered an impressive 290% ROI for early buyers.
Given this impressive milestone, KangaMoon now boasts a rapidly growing community home to about 6,000 token holders and over 20,000 registered members. As KangaMoon continues its upward trajectory in the market, analysts are touting it for greatness, especially with an upcoming listing on a top-yield cryptocurrency exchange later at the end of Q2. This has poised KangaMoon for domination, making it a top altcoin to buy.
Solana (SOL) Exhibit Market Dominance Despite Major Volatility
One of the top altcoins in the cryptocurrency market, Solana (SOL) has solidified its name in every cryptocurrency topic. Starting with a surge of over 600% in the past year, the token has also traded up over 14% in the last month. However, following the recent market downturn, it has only managed to increase by merely 1% in the past week.
While the recent slowdown is largely attributed to the volatility of the market leading up to the Bitcoin halving, it is also an indication of a coming surge because the token has enjoyed massive adoption and heightened investor interest in recent days.
Currently trading at a weekly price range between $169.9 and $183.9, Solana has attracted traders and crypto enthusiasts all over the world with its scalability and speed of transactions amongst other features. With a current market cap of over $76B, Solana has positioned itself for success making it one of the top altcoins to buy this month.
Tron Coin (TRX) Rebounds With Modest Weekly Gains
Since its launch in 2017, Tron (TRX) has been a mainstay token in the cryptocurrency market. In the last year, the token has performed relatively well, rising to 85%. In the last
month, however, owing to the volatility in the broader cryptocurrency market, the TRON token fell by over 7%.
Despite the current state of the market, the past seven days have been quite encouraging for the altcoin as it picked up pace, rising by 2% in the last week. Currently trading at a weekly price range between $0.118 and $0.123, analysts have touted the utility token to surge before the Bitcoin halving event takes place.
VeChain (VET) Defile Market Sentiment, Registers 21% Surge
VeChain (VET) has been one of the top-performing cryptocurrencies in the last week. After rising to a yearly high of about 96%, the token faced volatility in the last month falling below its former price by about 2%. However, in an unexpected turn of events, the VET token has soared 21% in the last 7 days, showcasing resilience despite the bears of the current. cryptocurrency market.
Currently holding at a weekly range between $0.039 and $0.051, VeChain (VET) has seen an influx of traders and buyers into its network with a significant increase in its trading volume. With its current performance and rapid adoption rate. analysts are expecting a huge surge from the token very soon.
Fantom (FTM) Anticipate Price Surge Amid Impending Upgrades
Another top performer in the market, Fantom (FTM) token has demonstrated immense potential in recent times, soaring 71% in the last year and 4% in the last month. The standout performer has also been making news rounds this week with a 9% rise in the last seven days. This growth comes as a result of certain key factors including the heightened adoption and purchase of the token and the newly announced upgrades on the token’s network.
Meanwhile, with the impending launch of various upgrades, including the Sonic Upgrade aimed at enhancing scalability on the Fantom network, analysts anticipate a potential surge in the leading altcoin prior to the Bitcoin halving event. Currently, the native Fantom token is trading within a weekly price range of $0.79 to $1.03, with a market capitalization of $2.4 billion.
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