Find the next top altcoins to buy during 2024 for the best diversification opportunity to not miss out on the next market rally.
The trading volume in the crypto market has grown 16.57% and the market cap has climbed above $2.56 trillion. As a result, many investors and traders have begun to diversify their holdings, and are moving towards lesser-known cryptocurrencies that have exploded in value during the past year. With the upcoming Bitcoin halving event set to occur in April 2024, altcoins can explode even further.
Out of the many altcoins available, KangaMoon (KANG), Internet Computer (ICP), Toncoin (TON), Fantom (FTM) and Stacks (STX) have showcased the most significant growth. Today, we will go over their on-chart performance to determine which one has the highest likelihood to provide investors and traders with the highest ROI. By the end, we will determine why these are the best altcoins to invest in.
- KangaMoon (KANG)
KangaMoon (KANG) is seeing a remarkable level of growth with its blockchain ICO as hype, and speculation about its future outlook has reached new heights, especially as the cryptocurrency has exploded in value. The key catalysts for this massive level of appeal and attention heading towards KangaMoon include its Social-Fi elements, Play-to-Earn (P2E) mechanics, and community-driven approach.
Throughout its ecosystem, anyone can get KANG tokens through engaging with the various aspects of the universe. In addition, users can mine rare NFTs by completing quests, or battling with other players and even engaging in community events. Another key feature that makes KangaMoon stand out is its marketplace. Here, anyone will be able to buy, sell or even trade in-game items or characters. The approach has made a significant mark as it has already reached Stage 4.
So far, the project has raised over $3 million and it's on its way towards passing $3.5 million soon. In addition, the value of its native token has spiked from $0.005 to $0.014. As a result, this marked a 180% price increase. Analysts are however still bullish on its future, and are projecting a massive 5,000% price upswing by the time the project officially launches, making it one of the most exciting altcoins to get into during 2024 and beyond. These aspects position it as one of the best altcoins to invest in.
- Internet Computer (ICP)
Internet Computer (ICP) is a blockchain platform, which has been purpose-built to enable higher speed, efficiency and decentralization to computation, alongside even data storage. The goal for ICP is to address the shortcomings associated with the classic internet, such as the monopolization of services, the poor overall system security and the misuse of personal data. As for its native crypto, it is used to facilitate the network’s governance and even to reward network participants. It utilizes innovative technologies including Chain Key cryptography to operate the platform. As a result, ICP is one of the key altcoins to watch.
The year-to-date (YTD) climb for the Internet Computer price was by 246%. Moreover, just in the past month, it's up by 39%. At this rate, it can reach new heights, as just in the past week, it's up 36.9% and moved from a low point of $10.79 to a maximum value of $17.08. According to the Internet Computer price prediction, this altcoin will be able to end Q4 of 2024 at $20.94.
- Toncoin (TON)
Toncoin (TON) has also experienced a remarkable level of growth during the past year. This is the native cryptocurrency behind the TON: The Open Network. This network is used for operations such as transactions, games or collectibles, and TON as a token plays a major level of utility. It's the default cryptocurrency, and required by any user aiming to interact with the network or ecosystem in any way.
As for the on-chart performance, the year-to-date (YTD) climb for Toncoin was by 154%. Moreover, during the past 30 days, the crypto also saw a 153.8% price increase, and its up 36.6% in the past week alone. According to the Toncoin price prediction, the crypto can end 2024 at a value of $3.45. These aspects position it as one of the best altcoins to buy.
- Fantom (FTM)
Fantom (FTM) is a smart-contract platform aiming to resolve the scalability challenges of other blockchains, and it achieves this through the implementation of a Lachesis consensus mechanism. Not only has FTM made a name for itself due to its unique technology, but the crypto is also used for staking, voting, making payments and even covering transaction fees on top of the Fantom network.
The Fantom year-to-date (YTD) climb was by 140%, making it one of the best alt coins, and during the past 30 days alone it is up 167.5%. This remarkable level of growth didn’t stop, as in the past week the Fantom crypto also surged by 30.9%, from a low point of value of $0.8133 to a maximum value of $1.19. According to the Fantom price prediction, it can end 2024 at $1.79.
- Stacks (STX)
Stacks (STX) is a blockchain project aiming to expand what Bitcoin is capable of ,through enabling decentralized applications (dApps) and smart contracts to operate on top of the network. All of this is possible without compromising the security of the Bitcoin network, and as a result, enables anyone to unlock the full potential of the network.
The Stacks price has seen a 264% price increase during the past year which has positioned it as a major industry player. Moreover, the Stacks crypto is up 43.1% in the past month alone. Subsequently, STX moved from $2.55 to $3.68 during the past week, which resulted in a total of 30.5% increase in value. According to the Stacks price prediction, analysts are projecting that it can spike as far as $5.47 by the end of 2024, making it one of the best altcoins.
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