With the ever-growing market value of altcoins in the crypto market, the best way to position oneself for a share of the potential revenue inflow is to invest in top altcoins with high-growth potential now while the alt season is still on the horizon.
It is understandable how challenging it could be to choose the right altcoins to invest in. That is why this article contains a compilation of the top altcoins investors could buy now to benefit from the alt season and record significant ROIs. The standout altcoins include:
- KangaMoon (KANG)
- Stacks (STX)
- THORChain (RUNE)
- Chiliz (CHZ)
- The Sandbox (SAND)
Let’s take a deep dive into these altcoin projects and why experts believe they harbor strong bullish potential.
KangaMoon (KANG) – A Hybrid of a Play-to-earn Platform and an Engaging Meme Community
KangaMoon (KANG) is a meme project that is developing one of the biggest, most engaging meme communities on the blockchain. With KangaMoon, meme enthusiasts will have a platform where they can meet like-minds, interact, and exchange insights through the SocialFi structure of the project. Also, KangaMoon facilitates play-to-earn gaming adventure, which rewards gamers with collectibles that they can exchange for cash on the platform.
Meanwhile, the KANG native token of the KangaMoon platform is showcasing exponential growth potential, having already generated 290% in price value so far in its presale. As a result, early investors of KangaMoon have seen varying increases in the value of their KANG investment portfolios. Notably, the KANG token doesn’t look to be relenting on its bullish momentum and may well see an additional 700% increase in price value before the end of its presale.
Currently, the KANG token is sold for $0.0196, which represents a low-cost and high-potential project to add to one’s portfolio. As an incentive, 10% of every purchase an investor puts into the KANG presale will be added to their portfolio as a bonus. Overall, KangaMoon is one of the best altcoins to buy in Q2 in order to position for the massive potential gains when the altcoin season hits.
Stacks (STX) – Elevating Bitcoin’s Utility as a Layer for Smart Contracts
Stacks (STX) is a scalable layer that allows smart contracts and decentralized applications (DApps) to utilize Bitcoin as an asset while also settling transactions on the Bitcoin ecosystem. With Stacks having full knowledge of Bitcoin’s state through the Proof of Transfer, it can read and execute certain Bitcoin smart contracts. Notably, the Stacks protocol unlocks up to $500 billion in BTC capital and uses it for settlements for DApps on the blockchain.
In the crypto market, the Stacks token stands out as one of the top altcoins in terms of market valuation. For instance, the Stacks market cap is ranked among the top 50 cryptos on CoinMarketCap with a total valuation exceeding $3B. Stacks reached an all-time high of $3.84 in April. Prior to this, Stacks had never broken past the $2.9 resistance level since its launch. The momentum shown by Stacks in 2024 so far could spell a bigger price gain before the end of the year.
THORChain (RUNE) – High-flying Decentralized Liquidity Protocol
As a decentralized liquidity protocol, THORChain (RUNE) allows users to exchange crypto assets cross-chain without losing full custody of their assets. Users can utilize THORChain’s interoperable nature to easily swap one crypto asset for another without the need to source liquidity. Users can swap their tokens across nine popular blockchains.
On the other hand, the RUNE native token of THORChain’s ecosystem had a fair share of bullish momentum so far in 2024, a run that saw THORChain’s price surpass the $10 mark for the first time since 2021. In the past few weeks, THORChain’s trading volume has been growing in market activity, which is a pointer to a potential price surge. Meanwhile, the token’s recent price dip makes it one of the best altcoins to buy, considering the potential price gains that are likely to follow.
Chiliz (CHZ) – A Leading Crypto For Sports Enthusiasts and Entertainers
Launched in the Ethereum mainnet in 2018, Chiliz (CHZ) has grown to become a popular crypto in the sports and entertainment industry. Chiliz supercharges fans’ experience and engagement through the creation of digital assets, fan tokens, and more. Socios, a fan engagement and reward app, powers the Chiliz ecosystem. Chiliz has developed notable partnerships with some of the biggest football institutions like Manchester City FC, Juventus, FC Barcelona, etc.
In the crypto market, the CHZ token has a market cap valuation of over $1B. Similarly, the Chiliz trading volume has been on a positive trajectory, signaling investors’ acceptance of the project. Overall, Chiliz represents a good altcoin project that has been under the radar but has the potential to surge in 2024.
The Sandbox (SAND) – A Thriving World of Gaming and Virtual Activities on the Blockchain
The Sandbox (SAND) is a virtual protocol that allows its members to create, build, and transact digital assets in its ecosystem in the form of a game. The Sandbox aims to integrate blockchain technology into the gaming community. As such, more gamers will benefit from the play-to-earn feature, which will reward them as creators on the blockchain.
Meanwhile, the SAND token of The Sandbox protocol offers utility on the platform by allowing its holders to facilitate transactions on the ecosystem with a certain amount of the token. Notably, The Sandbox’s market cap valuation is over $900M. Overall, The Sandbox represents a good altcoin that could see a significant uptrend in 2024.
Conclusion
Altcoins are valuable crypto assets to have in one’s portfolio. While most altcoins have witnessed a significant bear in recent weeks, it is the best time to acquire them in their dip state. Again, not every altcoin will bull in 2024. That is why these 5 altcoins mentioned above have been recommended to investors looking to buy a token that’ll surge in the coming weeks.
Amid these tokens, KangaMoon has always been a shining light since its presale started and might see the most growth in 2024 ahead of the other 4 tokens.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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Read More: Positioning For The Upcoming Alt Season of 2024: Top Altcoins to Buy Now On a Discount
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