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Top 5 Altcoins To Buy for 10x Gains Ahead of the $4 Trillion Altseason Earthquake

Release: 2024/06/07 15:36 Reading: 241

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/6662b0f81cb3e93ee19e7bbd

Top 5 Altcoins To Buy for 10x Gains Ahead of the $4 Trillion Altseason Earthquake

There has been a rise in belief across the crypto market, voiced by many top analysts, that a big altseason is soon to come. A chart shared by the pseudonymous crypto analyst Jelle is used to explain why altcoins are likely to rise. As Jelle has predicted, the world is yet to witness the best of this altseason.

On-Chain Activities Validate the Massive Altseason

Jelle's forecasts of a massive altcoin season have been validated by on-chain activity. Firstly, the ETH-BTC Open Interest ratio has increased from 0.54 to 0.67. In addition to this, the price of Ethereum has been in consolidation, suggesting that a major breakout is around the corner.

Ted Pillows is another crypto expert who has shared confirmation of this altseason. According to Ted, the altcoin market is forming an inverse head and shoulder pattern. Based on this pattern, a breakout will see the altcoin market cap skyrocket to over $4 trillion.

Top Altcoins To Buy for 10x Gains This Altseason

As the altcoin market soars to $4 trillion, Ethereum will undoubtedly play a very huge role. However, for this article, we have picked five of the best altcoins to invest in to get gains of 10x or more this altseason. They are:

KangaMoon (KANG)

KangaMoon (KANG) has made a grand entry into the meme coin market with its new Social-Fi ecosystem billed to transform the sector. The project has attracted over $7.9 million, as it is one of the most unique projects to launch in recent times. For starters, KangaMoon features a metaverse platform known as Kangaverse, where people can play a wide variety of games and earn tokens.

Where KangaMoon stands out is in how it rewards its users. In addition to rewards for completing tasks, challenges, and tournaments in the Kangaverse, every member of the community has a chance to earn free KANG tokens. Those who don't want to partake in the games can place bets on those engaging in these competitions.

In addition, Social-Fi was added to reward users based on how active they are within the ecosystem and across KANG social media platforms. This option to earn free KANG tokens has attracted over 32k users to KangaMoon. Having suggested that KangaMoon's future is bright, market experts have opined that they believe that KANG's value will increase 50x once it is listed on a Tier-1 CEX.

Already, BitMart has announced that KANG will be added to its platform in the coming weeks. This comes after CoinGecko and CoinMarketCap both began tracking the KANG token. KANG is currently priced at only $0.025, and the forecasts of a rally to $1.25 make it the best crypto investment for this bull cycle.

Solana (SOL)

Solana (SOL) has been giving Ethereum a run for its money when it comes to the smart contracts niche. Being one of the fastest blockchains with low fees, Solana has established one of the busiest ecosystems As of recently, the emergence of meme coins on the network demonstrated just how large the ecosystem has become.

PayPal has also launched its retail stablecoin on the Solana network, preparing it for even more growth. Several market experts, including Jason Pizzino, have shared very bullish sentiments about SOL. According to Tardigrade's analysis, the price of Solana could surge above $1,000 in this bull cycle, establishing SOL as one of the best altcoins to buy now.

Dogecoin (DOGE)

Compared to other meme coins, Dogecoin (DOGE) might have had a slow start to the altcoin season, but things are beginning to heat up. The cryptocurrency market analyst called Crypto Daily Trade Signals said that Dogecoin has a symmetrical triangle breakout pattern on the price chart. In addition, the Open Interest and daily trading volume of DOGE have been increasing, which shows that more investors are interested in Dogecoin.

In the new analysis by Ali Martinez, DOGE's subsequent significant resistance level is at $0. 3200, which is almost a hundred percent higher than what it is trading at currently. If it does so, DOGE may rise to $1, which makes it among the best cryptos to buy now.

Cardano (ADA)

Cardano (ADA) is one of the altcoins that has struggled in 2024, but analysts remain very optimistic about ADA. YTD, the Cardano price has declined by more than 25% as pressure from bears mounts. However, crypto analyst Martinez believes ADA is one of the best altcoins to invest in this altseason.

Martinez has predicted that ADA will rally by more than 10x this year, increasing from the $0.450 range above $5. This is possible because, like DOGE, Cardano is about to experience a symmetrical breakout on the weekly chart.

Stacks (STX)

Stacks (STX) is the leading layer-2 platform on the Bitcoin network and, according to many experts, the key to unlocking a DeFi ecosystem on the blockchain. Because of the potential role Stacks would play in unlocking the Bitcoin blockchain, many crypto experts are very bullish about the future of STX.

Grayscale recently launched a trust for the Stacks Coin, STX, further highlighting its growing potential. STX is currently trading in the $2 zone, but has been forecasted to trade as high as $2.5 before the end of this altseason.

Conclusion

With the biggest altcoin season around the corner, savvy investors are already piling up these tokens. Solana, Dogecoin, Cardano, and Stacks are some of the top altcoins poised for 10x price surges in this altseason. Meanwhile, KangaMoon is the potential dark horse for this bull market, showing early signs of a 50x token, making it the best crypto investment this year.

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