The post Get Ready: The 5 Best Cryptos To Buy as a Spot Ethereum ETF Looms appeared first on Coinpedia Fintech News
A spot Ethereum ETF may soon be launched; therefore, it is crucial to start figuring out your strategic place in the market. Today, we will look at the best cryptos to buy for massive growth: KangaMoon (KANG), Algorand (ALGO), Ondo (ONDO), Celestia (TIA) and Fetch.ai (FET). Investing in these now could give you a significant advantage before the ETF launch.
KangaMoon (KANG): A Unique SocialFi Project
The first entry on our list of the best coins to invest in is KangaMoon (KANG). This rapidly growing presale phenomenon has already raised over $5.6M in funding, estimated at $6M before April 2024 ends. On top of this, a recent strategic partnership with RaidSharks promises increased involvement through a “$1000 monthly reward pool”.
To stand out, KangaMoon will create its own P2E game. In this game, players will use KANG to buy in-game items or even upgrade their characters. Additionally, KangaMoon will provide all KANG holders with access to weekly, monthly, or quarterly challenges for extra in-game items or rewards.
They’re also doing their best to give back to the community. This can be seen in KangaMoon’s now giving its community’s most active members free KANG tokens. As a result, over 20,000 registered community members rush to comment/share/like KangaMoon’s social media posts and earn KANG before its official launch.
One KANG token costs just $0.0196 since it is in Stage 5 of its presale. Those who bought it early on are enjoying a 290% ROI. With the P2E gaming market projected to reach $885M by 2028, KANG’s future looks incredibly promising. Analysts predict a 100x rise once a Tier-1 CEX lists it in Q2 of 2024, making KANG the best crypto to buy before an Ethereum ETF comes.
Algorand (ALGO): Another Member of the Top Crypto Coins
Algorand (ALGO) has captured second place on our top 5 cryptocurrencies list. CoinMarketCap data shows that the Algorand price soared from $0.17 to $0.22 in the past week alone. Its market cap also increased from $1.41B to $1.86B in that time. With the level of interest that the Ethereum ETF may bring to the crypto market, Algorand is poised to see significant gains.
The technical analysis for the Algorand crypto also paints a bullish picture. For example, Algorand is now trading above its 21- and 50-day EMAs. Also, 28 technical indicators are now flashing green for ALGO. Because of this, market analysts predict that the Algorand price could reach $0.34 before Q2 of 2024 ends.
Ondo (ONDO): Soaring by Nearly 450%
Next, we have to talk about Ondo (ONDO), one of the biggest gainers in the past month. According to CoinMarketCap data, the Ondo price increased from $0.089 to $0.87 over that time—nearly 450% growth. Simultaneously, ONDO’s market cap surged from $404M to $1.22B.
From a technical analysis perspective, the Ondo coin may continue this bullish trend. Currently, 16 technical indicators are in the buy zone for Ondo. Therefore, analysts have made a bullish Ondo price prediction—$1.27 within Q2 of 2024. This makes Ondo a good crypto to buy before an Ethereum ETF occurs.
Celestia (TIA): A Crypto Trading in the Green
Celestia (TIA) is second to last on our best cryptos to buy list. CoinMarketCap data shows that the Celestia price surged from $10.70 to $11.70 in the last seven days, and its market cap soared from $1.91B to $2.09B. Crypto analyst CryptoBullet predicts that the Celestia value may rise to $130 soon.
The technical analysis of TIA also supports this price prediction. For instance, there are now 13 technical indicators in the green for the Celestia crypto. With an imminent Ethereum ETF approval incoming, countless new traders may gravitate to Celestia for massive gains. Thus, experts predict a rise to $17.81 before Q2 of 2024 ends for Celestia.
Fetch.ai (FET): Showing Growth
Last, we have to talk about Fetch.ai (FET), a crypto that has been making headlines recently regarding its performance. Over the last week alone, the Fetch.ai price increased by nearly 25% from $2.02 to $2.52, and its market cap jumped from $1.70B to $2.14B during that period.
With the technical analysis for the Fetch.ai crypto also painting a bullish picture, analysts claim its future looks bright. For instance, FET is now trading above its 100 and 200-day EMAs, while 28 technical indicators show green. As a result, market analysts foresee Fetch.ai reaching a value of $3.25 within Q2 of 2024, making it another good crypto to buy.
Why KangaMoon is The Best Crypto To Invest in Now
The main reason KangaMoon is considered the best crypto investment option is its small market cap of $19.6M. This means it needs far fewer new funds injected into it for its price to rise when compared to Algorand, Ondo, Celestia, and Fetch.ai. If you are interested in this game-changing crypto, sign up for its presale now and get a 10% bonus.