Identifying the best cryptocurrencies in a rapidly evolving industry can be a nightmare. With so many options, it’s easy to lose your way. But we will help you with this process. Let’s take a lookat the top 5 cryptocurrencies that have been making waves in the market lately: KangaMoon(KANG), Dogwifhat (WIF), Polygon (MATIC), Fantom (FTM), and EOS (EOS).
1. KangaMoon (KANG)
First on our top crypto coins list is KangaMoon (KANG), a rising presale star. According to Yahoo Finance, the Play-to-Earn (P2E) gaming market is projected to reach $885M by 2028. KangaMoon aims to dominate this market with a new P2E game that will use KANG as its main in-game currency.
Holding the KANG crypto is crucial if you wish to buy in-game items or even upgrade your characters. In addition, KANG holders will receive exclusive access to weekly, monthly, and quarterly challenges. You receive extra tokens and in-game items by completing them, which can then be sold on KangaMoon’s marketplace.
The project, which boasts over 20,000 community members and 5,800 token holders, is surging in popularity. This hype train continues as KangaMoon announced it will reward its most active community members with free KANG before its official launch. Thus, countless individuals rush to like/comment/share KangaMoon’s social media posts.
At the moment, one KANG is worth just $0.0196 as it is in Stage 5 of its presale. Those that bought it early on are enjoying a 290% ROI. However, market analysts predict a rise to $1 once a Tier-1 CEX lists this crypto in Q2 of 2024. This makes KangaMoon the top crypto to invest in 2024.
2. Dogwifhat (WIF)
Second on our list is Dogwifhat (WIF), a Solana-based meme coin. Launched in 2023, Dogwifhat has been gaining attention with its Shiba Inu puppy wearing a pink hat. Regarding its price movement, WIF experienced a jump from $2.31 to $3.92 in the last 30 days alone. During that period, Dogwifhat’s market cap surged from $2.44B to $3.91B.
From a technical analysis perspective, the Dogwifhat crypto could continue this bullish trend. Notably, 14 technical indicators are now in the buy zone for this crypto. Thus, experts in the crypto field have made a bullish Dogwifhat price prediction. They forecast a potential rise to $0.24 for WIF within Q2 of 2024. This makes Dogwifhat a good crypto to buy.
Risks of Buying Dogwifhat
There are certain risks in buying Dogwifhat as it is a meme coin that lacks any utility. Thus, it is based solely on hype and may not generate profits.
3. Polygon (MATIC)
Third on our list is Polygon (MATIC), which has become a popular name in the crypto world as an Ethereum scaling and infrastructure development platform. The network aims to solve Ethereum’s well-known scalability issues by offering faster and cheaper transactions through its L2 scaling solutions.
Over the past seven days, the Polygon price increased from $0.89 to $0.93. In addition, its market cap saw growth from $8.96B to $9.29B. There are now 18 technical indicators flashing green for the Polygon crypto. As a result, market analysts predict Polygon will reach a value of $1.35 before Q2 of 2024 ends.
Risks of Buying Polygon
Once Ethereum finishes implementing its various improvements, it may be faster than Polygon, which may remove its appeal.
4. Fantom (FTM)
Next, we have placed Fantom (FTM). Fantom is a decentralized, open-source, permissionless smart contract platform that caters to digital assets and decentralized applications (dApps). Its goal is to replace Ethereum.
Regarding the Fantom price movement, it saw a price jump from $0.79 to $0.96 over the last month alone. Its market cap rose from $2.19B to $2.71B in that period. Additionally, the Fantom crypto trades above its 100 and 200-day EMAs. Because of this, experts foresee Fantom hitting the $1.24 level within Q2 of 2024.
Risks of Buying Fantom
For all the good behind Fantom, it still can’t escape the volatility that’s become synonymous with crypto.
5. EOS (EOS)
And last but not least, we have to mention EOS (EOS). It is a blockchain platform that provides a scalable and friendly environment for DApps. Its delegated proof-of-stake (DPoS) consensus mechanism and smart contract functionality make its developer’s lives easier, letting them build apps on their own time.
The EOS price skyrocketed from $0.97 to $1.13 over the past week alone. During that period, its market cap also increased from $1.09B to $1.28B. In addition, 27 technical indicators are flashing green for the EOS crypto. Because of this, experts foresee EOS reaching $1.52 before Q2 of 2024 ends.
Risks of Buying EOS
EOS works using a DPoS consensus mechanism. In this governance model, token holders vote for block producers. This method has the risk of centralization and possible conflicts of interest, but it isn’t guaranteed.
Choosing the Top 5 Cryptocurrencies
This section will discuss the factors we considered when making our top crypto coins list. Let’s begin.
Technology and Use Case
If a project has an innovative idea with a clear use case, you’ll know it’s one of those long-term prospects people always discuss.
Community and Adoption
Assess the cryptocurrency community’s activity. If it has a broader reach and increased engagement, it means positive network effects and potential growth.
Development Team
Delve into the team behind the project and what they’ve accomplished so far. A well-built, experienced team is likely to live up to this project’s potential.
Liquidity
Make sure you pick cryptos with good liquidity. This means they’re easy to buy and sell without the price changing much in between.
Final Thoughts
While all these tokens are the top 5 cryptocurrencies right now, one of them stands out. KangaMoon has a market cap of $19.6M - drastically lower than Dogwifhat, Polygon, Fantom and EOS. This means KANG will need far fewer funds injected into it for its price to surge. Thus, KANG is the top crypto to buy right now - follow the links below and obtain a 10% bonus.
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
