The post Next Cryptocurrencies to Explode in 2024 Other Than Ethereum appeared first on Coinpedia Fintech News
While Ethereum (ETH) has been a dominant force in the crypto market, several other cryptocurrencies are making noise this year. Today, we will look at the top 5 cryptocurrencies set to surge in 2024: KangaMoon (KANG), Toncoin (TON), Neo (NEO), Render (RNDR) and Ethena (ENA).
KangaMoon (KANG)We have chosen KangaMoon (KANG) as the best cryptocurrency to buy today. This project has emerged as a presale sensation, providing early buyers a 290% ROI. With over 20k members and 5.8k token holders, its popularity is soaring. Not only that, but KangaMoon has already raised over $4.6M and projections point to it reaching $5M before April 2024 ends.
It’s no secret that the project aims to dominate the Play-to-Earn (P2E) gaming market, which Yahoo Finance claims may reach $885M by 2028. Launching its own P2E game and utilizing the KANG token as the primary in-game currency is set to change the face of gaming forever.
With KANG, you can access exclusive challenges to obtain more tokens and in-game items or upgrade your characters. Currently, KangaMoon is offering this crypto for free to the most active community members. As a result, countless individuals are now rushing to engage with KangaMoon’s social media posts by liking/sharing/commenting and earning KANG for free.
At the moment, one KANG token costs just $0.0196, as it is in Stage 5 of its presale. This is a 290% rise from its starting price of $0.005. However, market analysts remain bullish, foreseeing a 100x rise for KANG once a Tier-1 CEX lists this crypto in Q2 of 2024. Thus, KANG emerges as the best crypto investment anyone can make right now.
Toncoin (TON)Second on our top crypto coins list is Toncoin (TON). Although Telegram has had its fair share of legal challenges, Toncoin has continued developing its blockchain platform through the TON Foundation.
The Toncoin price movement has been riding a bullish wave recently. According to CoinMarketCap data, TON soared from $2.84 to $6.88 over the last 30 days alone. Its market cap also increased from $9.87B to $23.87B during that time.
The technical analysis for this cryptocurrency also paints a bullish picture. For example, the Toncoin crypto is now trading above its 50 and 100-day EMAs. Moreover, 27 technical indicators are flashing green. Because of this, experts in the crypto field predict that Toncoin will reach a value of $8.81 within Q2 of 2024.
Neo (NEO)Next on our list is Neo (NEO) – the “Chinese Ethereum” platform. This decentralized platform streamlines the creation of smart contracts. As different industries embrace blockchain technology more and more, the scalability of Neo could push for substantial growth in 2024.
The Neo price has been trading in the green recently. Over the past seven days, it increased from $14.46 to $20.04 and its market cap surged from $1.01B to $1.41B.
From a technical analysis perspective, this bullish trend for the Neo crypto may continue. Notably, 27 technical indicators are now in the buy zone while NEO trades above its 100—and 200-day EMAs. As a result, prominent market analysts forecast Neo to hit $22.69 before the end of Q2 2024.
Render (RNDR)Render (RNDR) also emerges as a good crypto to buy in 2024. It is a decentralized rendering platform that uses the power of blockchain technology to open up access to rendering services. This is done by providing all creators with a marketplace for rendering resources, allowing them to render high-quality graphics.
We can see that bulls control the Render crypto from a price standpoint. In the last week alone, the Render price jumped from $9.33 to $10.53 and its market cap increased from $3.58B to $4B.
In addition, the technical analysis of the Render token also shows bullish signs. For instance, there are 17 green technical indicators for this cryptocurrency at the moment. Furthermore, Render is trading above its 50 and 100-day EMAs. Therefore, crypto experts predict a jump to $12.26 before Q2 of 24 ends.
Ethena (ENA)Last on our best cryptos to buy now list is Ethena (ENA). This synthetic dollar protocol built on Ethereum introduces a stablecoin variant called USDe. Unlike many other stablecoins, USDe isn’t directly tied to fiat currencies but instead is backed by cryptos. This methodology allows Ethena to deliver a censorship-resistant and reliable digital currency.
Over the past week, the Ethena price has grown from $0.62 to $1.24. In the same period, the Ethena market cap has also risen from $854M to $1.76B. In other words, a 105% rise in a week—stellar performance.
The technical analysis of Ethena crypto also shows a bright future. For instance, all four technical indicators are showing green for ENA. For these reasons, prominent market analysts predict that the Ethena price will surge to $1.73 before Q2 of 2024 ends.
Conclusion
To sum up, Ethereum remains a big player in the cryptocurrency scene, but a few rivals could steal away traders’ hearts. One stands out—KangaMoon. To clarify, KANG has a low market cap of $19.6M, which means it will need far fewer new funds for its price to skyrocket.
Because of this, KANG will surge much faster than Toncoin, Neo, Render and Ethena. If you wish to buy the best cryptocurrency right now, follow the links below and you will obtain a 10% bonus on each purchase.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Telegram Community: https://t.me/Kangamoonofficial
