The post Here Are the Top Altcoins To Buy for Maximum Returns While Bitcoin Is Dipping appeared first on Coinpedia Fintech News
Experienced traders know that situations like these can be the perfect time for them to diversify their portfolios when the cryptocurrency market goes down. With Bitcoin (BTC) recently sinking to $66,000, traders are now turning to altcoins that could bring tremendous returns. Today, we will quickly examine the top altcoins and how their future may unfold while BTC dips.
KangaMoon (KANG): One of the Best Altcoins
First on our altcoin list is KangaMoon (KANG) – a unique crypto that brings something new. Its community-driven focus and innovative features could dominate the P2E games market. KANG will be a meme coin with actual utility, serving as the in-game currency for KangaMoon’s upcoming P2E game.
KangaMoon also emphasizes its community. By becoming active members of its community, traders may obtain this altcoin for free before its official launch. For instance, sharing/liking/commenting on KangaMoon’s social media posts will greatly reward you. This fact has helped it obtain the most active meme community.
KANG is now in Stage 4 of its presale, during which this altcoin is available for a discount. It costs only $0.014 – a 180% jump from its initial price of $0.005. Demand for it is sky-high as KangaMoon has already raised over $2.5M and is on track to hit $3M before March ends.
In addition to all those facts, KangaMoon is also associated with the P2E NFT games market, which is expected to grow to $885B by 2028, according to Yahoo Finance. As a result, market analysts are bullish and forecast a rise to $0.5 for KANG once it is listed on a Tier-1 CEX in Q2 of 2024. This makes KANG one of the best altcoins to invest in currently.
The XRP Price Continues Its Upward Trajectory
Next, we have XRP (XRP), an altcoin that has been riding a bullish wave recently. According to CoinMarketCap data, the XRP price jumped from $0.54 to $0.63 in the last 30 days, a 16% rise. In that period, its market cap also surged from $29.40B to $34.83B.
From a technical analysis standpoint, the XRP crypto may continue this bullish trend. For instance, 24 technical indicators are showing buy signals for this altcoin. XRP is also now trading above its 100—and 200-day EMAs. Due to all these reasons, experts in the crypto field predict that XRP could reach a value of $0.87 within Q2 of 2024.
Cardano Price Analysis: Growth Ahead
Cardano (ADA) is another member of the altcoins to watch as it has been experiencing noteworthy gains. The Cardano price increased from $0.59 to $0.64 in the past month alone. During that time, it also saw growth in its market cap, which rose from $21B to $22B.
This altcoin’s technical analysis also paints a bullish picture. Notably, the Cardano crypto trades are above its 100- and 200-day EMAs. Furthermore, there are now 20 technical indicators in the green for Cardano. When making their Cardano price predictions, prominent market analysts note these factors. Thus, they foresee Cardano hitting $0.85 within Q2 of 2024.
NEAR Protocol (NEAR) Shows Bullish Momentum
Another altcoin, NEAR Protocol (NEAR), has also made a spot on our list. Over the past 30 days, NEAR Protocol has been on a tear. In other words, its price surged from $3.24 to $6.70, representing a 100% jump. The NEAR Protocol market cap grew from $3.39B to $7B in that time.
Sentiment for this altcoin is bullish, as 22 technical indicators are now in the buy zone. Moreover, the NEAR Protocol crypto trades above its 50 and 100-day EMAs. As this momentum looks poised to continue, various experts have made a bullish NEAR Protocol price prediction. They forecast NEAR jumping to $8.26 before Q2 of 2024 ends.
Polygon (MATIC) Remains an Altcoin To Keep an Eye On
Finally, we have Polygon (MATIC) which has been making headlines in the altcoin scene. According to CoinMarketCap data, the Polygon price surged from $0.97 to $1.01 in the past month. Moreover, its market cap jumped from $9.40B to $10.05B in that same period.
The technical analysis for Polygon also shows bullish signs. For example, this altcoin has 21 technical indicators in the green. As Polygon trades above its 100 and 200-day EMAs, crypto experts remain bullish. They predict a potential price jump to $1.44 for Polygon before the end of Q2 of 2024.
Final Thoughts
Although the dip in Bitcoin’s price is troubling, it opens up a world of opportunities for buyers willing to take a risk. With so many altcoins available in the market today, you’re bound to find one that works well for you. While many of them, like XRP, Cardano, NEAR Protocol and Polygon, are worth watching, KangaMoon stands out.
With a market cap of only $14M, KANG will need far fewer new funds for its price to surge. If you’re interested in the top altcoin, follow the links below to obtain a 10% bonus on every purchase.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Telegram Community: https://t.me/Kangamoonofficial