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STORY HIGHLIGHTS
More altcoins are in line for price surge post BTC halving due to increased innovation. KangaMoon (KANG) is currently taking the spotlight as the presale best new coin with the most adoption. Market sentiment and technological advancement might be a greater determinant for altcoins rise than BTC halving.With Bitcoin’s halving in less than 2 weeks, the significant price movements in the crypto market is gradually intensifying with top altcoins including Solana and Ethereum experiencing price shifts. As the market shifts into a new direction, there are sure to be some altcoins that we can fairly bank on to mirror Bitcoin’s rise amid the inherent volatility that is always present.
Bitcoin halving created the beginning of significant price variations in the crypto markets. The main point is that when Bitcoin’s supply gets halved, its price tends to increase. For instance, in the year 2012 after the first halving, Bitcoin’s price rose by $12 and above $1000 in just a year. A similar pattern occurred after its halving in 2016 paved the way for the 2017 price surge, around $20,000 per BTC. When the last halving happened in 2020, Bitcoin almost reached $70,000.
This historic pattern demonstrates that halving events and higher bitcoin prices are inextricably linked; however, it cannot be regarded as the sole factor that influences the prices of altcoins in the market. There are other influences like market sentiment, tech innovations, collaborations, national economical trajectory, and so on. By following these trends, anyone can be good at selecting the best coins to buy. This article will dive into 5 capable contenders this year— the top 5 best coins to buy for mirroring BTC’s post-halving rally.
KangaMoon (KANG)Among numerous meme coin contenders, KangaMoon (KANG) stands apart with its social-fi features blended into the community-centered philosophy, providing a promising broader spectrum of investment options. Moreso, the platform has brought forward a captivating gaming ecosystem where users can wield virtual arms in gameplay combat and earn the KANG token and other high-value in-game collectibles after every victory recorded, outdoing the plain trading system.
Through its unique blend of GameFi and SocialFi elements, KangaMoon promotes monetized social engagement, cooperative projects, alongside an immersive gaming ecosystem dubbed “Kangaverse”. Due to the strategic approach adopted, over $4.7 million have been raised during the 5th presale stage.
Meanwhile, KangaMoon’s roadmap, which includes Tier-1 listing, would result in enhanced liquidity and visibility in the market, which may cause an up to 5000% surge in the value immediately after the launch. This equally makes KangaMoon an appealing investment choice if one is looking for best DeFi coins to buy in the meme coins market.
As mentioned earlier, KangaMoon is still at the fifth presale stage, but in the past few weeks, it has been incredible to see the token increase by 290% from an initial offering price of $0.005 to $.0196, with the presale fund expected to reach $6 million by the end of the month. In line with analysts’ view, the price is likely to spike to a range of $0.8 to $2 by the end of this year, indicating strong growth prospects.
Avalanche (AVAX)Avalanche (AVAX) is already a giant crypto currency holding the 11th largest market cap ranging around $18.2 billion. Currently Avalanche token has been faring well despite the rough path it had to take to climb to its recent peak of around $60 few days back. In the past month, Avalanche prices have risen by over 11% and over 1% in the past month and week respectively.
While the price of Avalanche is still about 66% lower than its ATH, the token holds in a weekly range of $44.23 and $50.69. However, analysts ‘ prediction is positive for Avalanche this year. Asides its inherent bullish sentiment, Avalanche is poised to at least mirror Bitcoin’s post-halving growth. Its focus on interoperability and scalability makes it well-positioned to benefit from increased market demand and investor interest post-halving.
Near Protocol (NEAR)Near Protocol (NEAR) is a new generation token poised to revolutionize the DeFi market as it offers unique features like sharding, which allows for parallel processing of transactions, enhancing scalability and efficiency.
The advantage of the Near Protocol network is evident in the rate of progress it has achieved. Near Protocol once saw an over 600% rise in value after it was launched in 2021, but after declining to lower levels $NEAR still holds a 280.64% rise in the past year.
Furthermore, the sudden price rise in Near Protocol since the start of this year, however, reflects the success of varieties of dApps that have been built on its network. Meanwhile, in the past week, Near Protocol saw a significant rise of over 16.88% and over 19.73% in the past month, while it holds in a weekly price range of $6.16 and $7.61.
Polkadot (DOT)Asides the possible positive influence of BTC’s post-halving, Polkadot has interesting features that sets it to be among best coins to buy for rapid rally. Polkadot distinguishes itself with its multi-chain architecture, enabling interoperability between different blockchains and facilitating the creation of interconnected applications.
At the moment, the Polkadot price is holding in a weekly range of $8.13 and $9.07 as its price is around 84% below its all-time high. Polkadot reached an ATH two years pricing around $54.98, however the token suffered a great loss by going as low as $3, influenced by the bearish pressure that controlled the year 2021. Polkadot might be losing by 13.31% in the past month however, owing to its 43.41% yearly rise, Polkadot token has regained a bullish position.
Aptos (APT)As one of the relatively new tokens,Aptos brings a fresh perspective into the smart contract platform, emphasizing speed, cost-effectiveness, and seamless maintenance and upgrades. Recently, the Aptos Foundation joined forces with Google Cloud’s Web3 startup program to elevate the quality of live service gaming experiences.
Interestingly, this development stands as a huge catalyst first for Aptos token to mirror Bitcoin’s rise this year. Aptos is currently on a very fluctuating trajectory as it loses by 12.62% in the past week in a weekly price range of $12.77 and $15.27.
Additionally, Aptos consensus mechanism mirrors that of established chains, ensuring reliability and scalability. With its robust transaction capabilities and innovative smart contract approach, Aptos is set to drive more adoption across its network.
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