With the recent crypto market dip, traders have a chance to buy projects that can grow enormously. Now that it is May 2024, some altcoins are being noticed because they are priced less than $1 and fit that description.
The Best Altcoins To Keep on Your Radar
Here are the top altcoins to keep an eye on this month:
- KangaMoon (KANG): One of the best altcoins currently in presale.
- Gala (GALA): An altcoin showing good growth potential.
- SingularityNET (AGIX): Another altcoin that has surged nearly 270%.
- Pyth Network (PYTH): An altcoin that shows green trading charts.
- Fantom (FTM): One of the altcoins to watch in May 2024.
Now, we will go into further detail about all these altcoins. Let’s begin.
1. KangaMoon (KANG): Outstanding Presale Performance
First on our top altcoin list is KangaMoon (KANG) – a unique altcoin currently in its presale. This presale has already raised over $6.6M and may hit $8M before May 2024 ends. Additionally, those who bought it early are now experiencing a 400% ROI. Thus, many traders are viewing KANG as one of the top altcoins at the moment.
This altcoin will power the KangaMoon Play-to-Earn (P2E) game, which will launch soon. With KANG, anyone can buy items in the game and enhance characters. In addition, KangaMoon announced that all KANG holders will gain exclusive access to weekly, monthly, and quarterly challenges for extra tokens/rewards.
Unlike most altcoins, KANG has a community-driven focus. For example, KangaMoon provides free KANG tokens to its active community members before its launch. Therefore, over 20,000 registered community members are now rushing to like/share KangaMoon’s social media posts. This could result in KangaMoon obtaining the most active community in the market.
One KANG costs just $0.025 since it is in the Bonus Stage of its presale. Demand is high as over 6,000 people now hold this altcoin. Experts predict a potential jump to $1 once a Tier-1 CEX lists KANG in Q2 of 2024. Given its ties to the P2E gaming market, which is projected to reach $8856M by 2028, this prediction has the potential to come to reality.
2. Gala (GALA): A Bullish Trend Ahead
Next, we have to mention Gala (GALA), a blockchain platform built for the gaming industry. It is focused on decentralizing gaming experiences, which has attracted many traders. In fact, Gala announced that it has surpassed over $100M in trade volume on GalaSwap.
The Gala price movement rose around 52% over the last 12 months as its market cap reached $1.32B. Not only that, there are now 21 technical indicators in the green for the Gala coin as it trades above its 50 and 100-day EMAs. As a result, experts have made a bullish Gala price prediction. They claim a potential rise to $0.066 before Q2 of 2024 ends for Gala.
3. SingularityNET (AGIX): Among the Top Gaining Altcoins
SingularityNET (AGIX) is another altcoin that has been making waves in the market. CoinMarketCap data shows that the SingularityNET price saw a 292% surge in the past year alone as its market cap hit $1.21B. Recently, SingularityNET announced that the technical roadmap for the ASI token will come soon – causing mass hype in the crypto market.
The technical analysis for the SIngularityNET coin also shows bullish signals. For instance, over 25 technical indicators are in the buy zone for this altcoin. Thus, market analysts forecast a pump to $1.31 for AGIX in Q2 2024. With this prediction, AGIX is one of the altcoins to watch in May 2024.
4. Pyth Network (PYTH): An Altcoin Preparing for a Major Token Unlock
Another member of the top altcoins in May is Pyth Network (PYTH). According to CoinMarketCap data, the Pyth Network price declined 26% from its inception while its market cap held at $722M. Moreover, TokenUnlocks reveals that May 20th will see the release of 2.13B PYTH, which is expected to be worth about $1.1B.
From a technical analysis standpoint, this bullish trend may continue after the Pyth Network token unlock. Notably, there are now six technical indicators in the buy zone for the Pyth Network coin. Due to all these reasons, experts predict a potential surge to $0.79 before Q2 of 2024 ends in their Pyth Network price predictions.
5. Fantom (FTM): Trading in the Green
Last, we must discuss Fantom (FTM), an altcoin that has seen impressive Q1 2024. A new Messari report shows Fantom experienced quarter-over-quarter growth across various significant metrics. These include a 101% increase in market cap, a 24% rise in average daily active addresses and more.
The Fantom price increased by over 89% in the past 12 months, and its market cap is nearly $1.9B. In addition, the Fantom coin is now trading above its 100—and 200-day EMAs. Thus, market analysts foresee a jump to $1.06 for Fantom within Q2 of 2024.
Conclusion on the Best Altcoins To Invest in This May
In May 2024, KangaMoon, Gala, SingularityNET, Pyth Network and Fantom might be the most promising altcoins that will explode soon. However, KangaMoon stands out as it has a low market cap of $19.6M. This means it needs less new funds for its price to rise. If interested in this altcoin, sign up for its presale now and get a 10% bonus on each purchase.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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