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Amid the market excitement attributed to spot Ethereum ETFs, Arthur Cheong, DeFiance Capital CEO and founder, has made a bold Ethereum price prediction, suggesting it could soar to $4,500 before the ETF products hit the market. This forecast comes after the regulatory watchdog, the US SEC, approved Ethereum-based spot ETFs.
Remarkably, the green light triggered renewed market optimism, with several cryptocurrencies adding substantial gains in their value. Many investors closely monitor market trends, looking for the best cryptocurrencies to offer great returns in the current market dynamics. This article will explore the best cryptocurrencies to buy now for 100x returns.
KangaMoon Hit 400% ROI in Price Value—$1 In Sight?
The first crypto on this list is KangaMoon. The meme coin has been making waves on the market with its robust presale performance drawing investor attention. It has carved out a unique niche, blending the gameFi’s play-to-earn concept with SocialFi elements, defying expectations, and reaching new milestones.
Essentially, KangaMoon introduces an ecosystem dubbed the “Kangaverse,” where users interact with other like-minded individuals, partake in fun-filled battle-themed challenges and tournaments, and win rewards. Its native token, KANG, would offer utility on the blockchain by acting as a reward incentive and in-game currency.
Remarkably, KangaMoon has been listed on CoinMarketCap and CoinGecko, with a potential BitMart listing in Q2. It is strategically set to access the NFT Gaming play-to-earn industry that is expected to generate $8856.95 million by 2028. With the current market dynamics, experts see more rallies for the meme coin.
Impressively, its presale has already raised over $7.5 million in revenue and now targets the $9 million mark. Moreover, its price has risen from $0.005 to $0.025, recording a 400% ROI. Experts hint at continuous bullish momentum for the meme coin, suggesting it could hit $1 by the end of the year. Thus, KangaMoon is among the best cryptos to invest in 2024.
Whale Activity on Toncoin Blockchain—Will TON Price Rally?
Toncoin is another crypto to watch in 2024. The decentralized layer-1 blockchain has witnessed robust market performance and heightened network development, which have triggered an increase in the price of Toncoin. Remarkably, the prolonged price surge has also propelled its market capitalization, pushing it into eleventh position.
Recently, the Toncoin network has seen a notable increase in high-value transactions. According to CryptoQuant, Toncoin has experienced transactions exceeding $1 million, reflecting growing whale interest. With this view, the Toncoin blockchain has quickly become robust, recording high-value transfer capacity and increased participation from large investors.
Many experts are bullish about Toncoin, suggesting that the crypto will maintain its upward trajectory in the coming weeks. Thus, Toncoin crypto has cemented its position among the best cryptos to buy now.
Chainlink Returns to Upside—Will it Maintain This Bullish Momentum?
After facing a price correction, Chainlink has rebounded, climbing above its key moving averages. The recent bullish moment is attributed to network development and overall bull market trends. Recently, Chainlink announced that it has partnered with Swift Payment to execute a Consensus Conference in Austin, TX.
More than 15,000 people from various countries will attend the consensus conference. Remarkably, the Chainlink community has reacted positively to the upcoming event, triggering increases in the value of the LINK coin. Moreover, the altcoin has completed 12 updates for six Chainlink services on nine blockchains.
Impressively, the bullish Chainlink news has triggered substantial gains in the altcoin’s value, with analysts hinting at more parabolic bull runs for the coin. Its technical indicators also signal buying pressures, indicating that the LINK is gearing up for more price surges. Thus, Chainlink is among the best coins to buy now.
Uniswap’s L2 Volume Doubles—UNI Price Remains Steady
Over the last few weeks, the decentralized trading protocol has been making significant market performance and network development milestones. This remarkable market performance has increased its visibility in the broader crypto market, with heightened open interest from investors.
Recently, Uniswap announced that its monthly L2 volume has doubled from $8.93 billion to $20.72 billion. The bullish news has sparked conversation and speculation regarding the price of UNI’s prospects. Although the price of Uniswap has been on a downturn, it displays a bullish reversal.
Moreover, the price of Uniswap is gearing up to challenge the overhead resistance level. Its bullish engulfing candlestick has also heightened the chances of the DeFi token increasing its value. Therefore, Chainlink presents an opportunity for investors to buy the dip and gain massively in the coming weeks, cementing its position as the best crypto to buy now.
Arbitrum Price Eyes the $2 Mark
Arbitrum entered the crypto market intending to improve cost efficiency, scalability, and speed on Ethereum. The Ethereum Layer 2 scaling solution has experienced robust market performance, evolutionary partnerships, and network development. It has triggered open interest in the broader market, reflecting investor confidence in crypto.
Recently, Arbitrum announced its upcoming event—ArbiBrunch. The event will feature in-depth conversations surrounding the Dual-VM Approach of Arbitrum Stylus and EVM+. Moreover, the panel will discuss the integration of Blockchain and Mainstream Finance. Additionally, the Arbitrum coin has gained more than 10,000 new active users.
The bullish news has triggered renewed interest in the Arbitrum coin, but it has failed to increase its price. Its technical indicators, however, signal buying pressures, suggesting the Arbitrum coin could be gearing up for a price surge. Many analysts are optimistic about the price of Arbritum, suggesting it could reach $2. Thus, Arbitrum is among the best cryptos to buy now.
Conclusion
The broader crypto market offers a vast array of investment opportunities, with each cryptocurrency offering unique features that make them ideal for traders and crypto enthusiasts. However, choosing the best cryptos to buy now for 100x returns is challenging.
Crypto enthusiasts can use the above guide alongside extensive research to make the best crypto investment. With the current market dynamics, investors are rushing to buy lesser-established coins at lower prices with promising future returns. KangaMoon is emerging as the best crypto to diversify your portfolio due to its higher growth potential.
