Get Ready for Altcoin Explosion After the Market Downturn – Don’t Miss Out on These 5 Top Altcoins

The post Get Ready for Altcoin Explosion After the Market Downturn – Don’t Miss Out on These 5 Top Altcoins appeared first on Coinpedia Fintech News

With the temporary crypto market dip, many traders expect a burst of altcoins. Often underdogs, altcoins historically skyrocket in value after market corrections. This article explores five top altcoins that might surge during this market dip: KangaMoon (KANG), Polkadot (DOT), Hedera (HBAR), Aptos (APT) and Cardano (ADA). 

1. KangaMoon (KANG)

At the top of our list of best altcoins is a presale phenomenon called KangaMoon (KANG). With over 20,000 registered members making up its vibrant community, KangaMoon looks set to ride this coming alt season to potentially unimaginable riches for those lucky enough to get in early.

KangaMoon has already raised over $6.5M, but they’re not stopping there—they want to hit $7M before May 2024 ends. They’ve also surpassed 6,000 KANG holders as interest in the altcoin continues growing. On top of all this, KANG will soon be used as an in-game currency for its upcoming P2E game to level up characters and buy in-game items.

What makes KangaMoon unique is its SocialFi features. For example, KangaMoon gives its most active community members free KANG tokens before its official launch. This kind of dynamic community engagement puts KangaMoon head and shoulders above most other altcoins.

After starting its presale at just $0.005, each KANG is now going for $0.025 in Stage 5 – a 400% increase. This trend is expected to continue, especially since KangaMoon connects with P2E gaming, which should be worth around $885M come 2028. Analysts foresee this altcoin reaching $1 before Q2 of 2024 ends as a Tier-1 CEX listing will come. 

2. Polkadot (DOT) 

Second on our altcoins to watch list is Polkadot (DOT), a very successful blockchain interoperability protocol that aims to make it easier for various chains to share data. As more people want to communicate across different chains, the ecosystem around Polkadot will grow. Thus, DOT should be among the top choices for anyone looking into altcoins.

On the YTD chart, the price of DOT grew from $5.71 to $6.57. During that time, the Polkadot market cap also jumped from $6.75B to $9.45B. Additionally, over five technical indicators show bullish signals for the Polkadot coin. Because of this, experts predict that this altcoin will soar to $8.68 within Q2 of 2024. 

3. Hedera (HBAR) 

Next, we have to mention Hedera (HBAR), an altcoin that has shown resilience in many market dips. It is a decentralized public network that allows people and corporations to create high-performance dApps. Because of this utility, many traders gravitate toward the Hedera coin. 

Over the past 30 days, the Hedera price has fluctuated between $0.07 and $0.17, and its market cap has fluctuated between $3.64B and $3.48B. Moreover, the technical analysis for the Hedera coin shows bullish signs, with 17 indicators flashing green. As a result, market analysts foresee this altcoin trading at $0.18 before Q2 of 2024 ends. 

4. Aptos (APT) 

Aptos (APT) is another of the top altcoins at the moment. This project is an L1 blockchain that focuses on scalability and reliability. If DeFi keeps advancing and becoming more sophisticated, then there might be explosive growth in the ecosystem surrounding Aptos, which would lead to an increase in APT’s worth.

The price of APT fluctuated between $17 and $8.60 in the past 30 days. During that period, the Aptos trading volume soared by 25%, now sitting at $225M. Experts remain bullish as the Aptos coin is trading above its 50-day EMA. They forecast a potential rise to $11.61 within Q2 of 2024 for Aptos. 

5. Cardano (ADA) 

Last, Cardano (ADA) is one of the altcoins to watch during this market dip. Cardano is a third-generation blockchain platform designed to solve first-gen blockchains’ scalability, interoperability, and sustainability problems. Demand for this altcoin may rise as people build more projects on top of Cardano. 

In the past 12 months, the Cardano price has jumped from $0.39 to $0.43. In addition, the Cardano market cap increased from $13B to $15.69B in that time. In addition, five technical indicators are showing buy signals for this altcoin. As a result, market analysts predict that the Cardano coin may be worth $0.58 before Q2 of 2024 ends. 

Final Thoughts on the Best Altcoins To Buy

With the cryptocurrency market temporarily falling, you should take advantage of this opportunity to prepare for the altcoin boom that is coming soon. KangaMoon, Polkadot, Hedera, Aptos, and Cardano are five leading altcoins that might experience a surge after the dip. 

However, KangaMoon stands out among them thanks to its low market cap. To clarify, KangaMoon has a market cap of $19.6M, which means it needs less new funds for its price to rise. For example, KANG’s current price could double by another $19.6M. If you are interested in this altcoin, follow the links below. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Telegram Community: https://t.me/Kangamoonofficial