In the current crypto market, three altcoins are making a lot of noise: KangaMoon (KANG), Optimism (OP) and Fetch.ai (FET). While you may be familiar with OP and FET, as they are well-established altcoins, KANG is also picking up steam. Many analysts hint that this Stage 5 presale star could evolve into the next $1 altcoin in 2024. Let’s see why.
1. KangaMoon (KANG)
First on our best altcoin list is KangaMoon (KANG) – a new presale sensation. Its stellar presale performance has captured mass appeal, boasting over 20,000 community members and 5,800 KANG holders. Additionally, KangaMoon has raised over $5.8M and could hit $6M before April 2024 ends.
Thanks to a recent announcement of a RaidSharks partnership, this number is bound to increase. As a result of this partnership, users will experience thrilling raids and a $1,000 monthly reward pool.
What separates KANG from other altcoins is its ties to the P2E gaming market, which is projected to reach $885M by 2028. KANG will be the main in-game currency in KangaMoon’s upcoming P2E game. With this altcoin, you can buy in-game items and upgrade your characters.
KangaMoon rewards its most active community members with free KANG tokens before its launch. Currently, one KANG costs just $0.0196 – a 290% growth from its starting price of $0.005. However, this is a Stage 5 presale price, and more price jumps will happen as it advances. Experts foresee a rise to $1 once a Tier-1 CEX lists this altcoin in Q2 2024.
2. Optimism (OP)
Another one of the altcoins to watch is Optimism (OP). Recently, this crypto has been on a tear. CoinMarketCap data shows that the price of OP rose from $2.26 to $2.34 in the past week alone. During that time, its market cap grew from $2.38B to $2.44B. This increase came after the first Optimism open-source fault-proof system was launched on the Sepolia testnet.
The technical analysis of the Optimism crypto also shows bullish signs. For example, this altcoin is trading above its 50-day EMA. Due to all these green signals, experts in the crypto field have made a bullish Optimism price prediction. They forecast a surge to $3.80 within Q2 of 2024 for Optimism.
3. Fetch.ai (FET)
Last, we must mention Fetch.ai (FET) as another of the best altcoins. According to CoinMarketCap data, the price of FET soared from $2.15 to $2.20 in the 1-week chart. During that period, the Fetch.ai market cap jumped from $1.82B to $1.86B. This increase can be attributed to the recent rally of AI-based coins.
From a technical analysis perspective, the Fetch.ai coin may continue this bullish trend. Notably, this altcoin is trading above its 100—and 200-day EMAs. In addition, 17 technical indicators are in the buy zone for Fetch.ai. Because of this, market analysts foresee a jump to $3.42 for Fetch.ai before Q2 of 2024 ends.
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