These Top Altcoins Are Thriving Despite The Current Market Dip

The post These Top Altcoins Are Thriving Despite The Current Market Dip appeared first on Coinpedia Fintech News

2024 has been quite the “chaotic” year for the crypto market, with many twists and turns barely half-way into the second quarter of the year. While the year began bullish for most cryptocurrencies, late March ushered in an unexpected bearish market followed by the just concluded Bitcoin halving event which added more fuel to the fire.

With the Bitcoin halving ushering in the current market dip, some altcoins have been able to move in opposite directions. Given their ability to stand tall amidst the current market dynamic, traders and crypto enthusiasts have turned to the altcoin market in search of the next big thing. 

Top Five Altcoins To Buy Despite The Market Dip

Amidst the buzz surrounding the altcoin market, traders and cryptocurrency enthusiasts still find themselves grappling with the challenge of choosing the perfect altcoin to make good gains. Meanwhile, new market entrants like KangaMoon (KANG) have drawn enormous attention within the cryptocurrency market due to its impressive presale milestones.

With analysts projecting a coming surge for some altcoins this quarter, many traders are anticipating the rise with optimism, leading to traffic in the altcoin market. In this article, we will identify five cryptocurrencies that have emerged as some of the best altcoins to buy, despite the ongoing market dip.

KangaMoon (KANG)  

The ascent of KangaMoon (KANG) in the cryptocurrency industry is second to none, with the token recording milestones and rewarding its early buyers since the start of its presale phase. With amazing features including a unique blend of SocialFi and Play-to-Earn mechanism, KangaMoon has set itself apart from other meme coins. 

While it continues to prove itself and demonstrate immense potential, its growth and success would come as no shock to the crypto market. Leveraging its Play-to-Earn feature, KangaMoon provides an immersive ecosystem including a game called “Kangaverse” where users and traders get to earn rewards while enjoying unrestricted gaming experience. 

While it approaches the end of its fifth presale stage, KangaMoon has recorded an incredible milestone, reaching over $6M in revenue and on the the path to reach $7M by end of month. Aside from this, early buyers got an incredible value increase of up to 290% for their KANG token purchases, with the price surging from its initial $0.005 to a current $0.0196. 

This impressive run has marked a shift in the altcoin market, with the token highlighting its intention to reward token holders and community members. With the potential to reach $1 by the end of the year, analysts are touting the token to surpass the success of the likes of Dogecoin and Shiba Inu, making it one of the best altcoins to buy. 

Ethereum (ETH) 

Known as one of the foremost cryptocurrencies in the world, second to only Bitcoin, Ethereum (ETH) has dominated the cryptocurrency space, providing scalability, transparency, and the best-decentralized finance (DeFi) to its users. The native Ethereum token has stood out in terms of price performance in the past year, gaining over 66%. 

Although still far from its previous all-time high, after going down 10% in the last month, ETH token’s previous price movements indicate a coming surge. Meanwhile, following the recent bitcoin halving event, Ethereum recorded a substantial rise in its trading volume indicating an increase in the adoption and purchase of the ETH token. 

Also, with the Ethereum blockchain housing some of the top-performing cryptocurrencies, analysts anticipate a rise in ETH price. The token is currently trading at a weekly price range between $3,214 and $3,243 and boasts a market cap of over $387B, making it one of the best altcoins to buy.

Hedera (HBAR) 

After enjoying quite a successful year with a 66% rise, Hedera (HBAR) has demonstrated the potential to dominate and lead in the altcoin market. However, the token experienced a huge setback in the last month after recording a retraction of about 10%. Besides, Hedera has demonstrated its resilience despite the market’s volatility, recording a surge of up to 13% in the last week. 

This impressive run has marked a revolutionary point in the token’s network and has attracted the attention of traders and buyers around the cryptocurrency ecosystem. 

Currently trading within a weekly price range of $0.090 and $0.175, Hedera has raised the optimism of analysts with many touting it to be one of the best altcoins to buy this year

Bonk (BONK) 

After riding on the back of a yearly high of over 3800%, the Solana-based Bonk (BONK) token has proven itself as one of the top-performing meme coins in the crypto market. 

While it faced a slight decline of about 9% in the last month, Bonk token is currently on an impressive path to recovery, trading over 19% in the last seven days. Now trading within a weekly price range between $0.0000205 and $0.0000292, analysts are optimistic with most touting Bonk’s price recovery as an indication of a coming surge. 

Monero (XMR)  

With an immense focus on solving privacy and anonymity issues in the DeFi space, Monero (XMR) has emerged as a dominant force in the altcoin market. With its unique features, Monero Network appeals to numerous users due to its ability to ensure privacy and security during transactions. This has driven the adoption of the native XMR token with its trading volume soaring to impressive heights. 

Monero’s past month wasn’t so impressive, with a downward movement of about 4%, however, its weekly performance has indicated signs of recovery, with the token reaching above 3% in the last seven days. 

While its adoption continues to increase, the altcoin market might be set to witness a resurgence of the XMR token. Meanwhile, the native Monero token is currently trading at a weekly price range between $120.5 and $125.8 and is touted by analysts to be one of the best altcoins to buy. 

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

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