Ethereum has been the standout in the recent crypto market recovery, particularly due to the approval of the spot ETF. Forecasts from top analysts and various technical indicators hint that Bitcoin can have an equally successful second half of the year with a target of $ 100k.
Bitcoin Prepares To Hit $100k
Checkmate, a top market analyst, has opined that this Bitcoin bull market is “much, much more structured” than the 2021 bull run. He believes this bull run resembles the 2016/17 bull run, with a great-looking price action.
The MVRV (market value to realized value) ratio of Bitcoin recently crossed 1, confirming a major rally is on the way. The short-term target will be around $73,500, the current all-time high (ATH) of Bitcoin. Successfully recovering this zone will set up BTC for a more distant target in the $95K-$100K area.
Best Cryptos To Buy for Massive Returns
While Bitcoin prepares for a new ATH, the pseudonymous analyst Kaleo has said that the real bull market has not even started yet. Kaleo has reechoed the sentiment of many other market experts that there will be “insane” opportunities in this bull cycle.
Based on the predictions from top market experts, here are five of the best cryptos to buy for this bull cycle.
- KangaMoon (KANG)
Even though we are expecting strong performances from Bitcoin and Ethereum, KangaMoon (KANG) has consistently outperformed both cryptos. KangaMoon has already recorded a 400% price increase this year, as its price jumped to hit $0.025. However, market analysts are optimistic it can close this bull cycle trading as high as $2, as its unique new protocol keeps gaining traction.
KangaMoon is the first to introduce Social-Fi, a new protocol prioritizing its community members while adding utility to the meme coin space. KangaMoon recently sealed a collaboration deal with RaidSharksBot to boost its platform engagement. The collaboration will help reward KangaMoon users based on their participation and engagement across social media.
Many market experts have stated that the incentive-focused community development approach of KangaMoon will help it onboard more users than its competitors. This way, KANG has a shot at becoming the best crypto investment of this bull cycle. KangaMoon has raised over $7 million and on boarded over 32,000 new members.
As the reputation of KangaMoon increases, BitMart has announced plans to list its native token, KANG. The announcement follows shortly after KANG scored listings on CoinGecko and CoinMarketCap. With the momentum KangaMoon is moving at, its easy to see why many top experts believe it could be the best crypto investment this year.
- Stacks (STX)
Stacks (STX) is one of the top altcoins strategically positioned to benefit from Bitcoin’s rise towards $100k. As the leading layer-2 and DeFi provider on the Bitcoin network, STX will rise along with the rising price of BTC.
Also, Stacks is preparing to revolutionize restaking on Bitcoin with its upcoming Nakamoto upgrade. The upgrade will also address the growing demand for DeFi on the network, further strengthening STX’s case as one of the best coins to invest in now. From its current range of $2, STX has been given a price target of $10.
- Near Protocol (NEAR)
Near Protocol (NEAR) takes a unique route like KangaMoon, focusing on introducing artificial intelligence to the crypto space. Illia Polosukhin, one of the co-founders of Near Protocol, recently announced plans to introduce an AI agent to help users code decentralized apps.
The project is intended to become the primary resource for visionaries who do not have coding abilities in Artificial Intelligence. As the AI-Crypto bridge becomes stronger, Near Protocol price should be more than likely to benefit from the same. So far this year the altcoin price has risen by over 100% to $7. Specifically, predictions are even higher: $20 is expected for NEAR in this bull cycle.
- Cardano (ADA)
Cardano (ADA) is one of the biggest altcoins and well-known names in the crypto sphere, but it has not impressed this year. Thus far, Cardano has dropped by 25%, while BTC is up by more than 60%. For this reason, Sssebi, a famous crypto analyst, believes ADA is underpriced. Sssebi pointed out a very bullish signal on the Cardano price chart.
The analyst highlighted the recent strong bounce of ADA on the 200-day moving average (200MA) on the 4-hour chart. This is the first time in months ADA is trading above the 200MA. The rally positions ADA to break above $0.80 soon before looking to rally above $1, making it one of the best coins to invest in now.
- Shiba Inu (SHIB)
The Shiba Inu coin, SHIB, has been steadily growing in 2024 and has already seen an increase of 125%. However, its latest climb above the $0.00002500 resistance level caught the attention of Javon Marks, one of the top crypto experts.
According to Marks, the meme coin has just broken out of a small bullish bull flag pattern. Based on this breakout, Marks suggests that the Shiba Inu coin price could go on an impressive rally to $0.000081 – an increase of more than 320% from its current trading range.
Which Crypto Will Come Out on Top This Bull Cycle?
As Bitcoin prepares to lead the crypto market with its rally above $100k, the potential for investors to get profitable returns is undeniable. According to the analysis given by the market specialists KangaMoon, Stacks, Near Protocol, Cardano, and Shiba Inu are expected to have higher growth rates compared to the rest of the crypto market.
Nonetheless, KangaMoon has been indicated to have a higher prospect of appreciation, with the price estimates going up to $1. With the current growing network and the possibility of expanding even more, KANG is the best choice for this bull cycle.
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