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As we navigate the bullish run in the 2024 crypto market, investors are continually seeking out the next big opportunities amidst the ever-evolving market landscape. With innovation at its core and technological advancements driving progress, the cryptocurrency space presents a multitude of promising avenues for investment.
Among the plethora of options available, a selected few have emerged as frontrunners, poised to redefine the future of decentralized finance (DeFi). Meanwhile, with Bitcoin’s halving coming later in April 2024, many cryptocurrencies have been touted to surge in the coming months.
However, capturing the attention of investors and industry enthusiasts alike, these tokens have stood out amongst a sea of others: KangaMoon (KANG), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Polygon (MATIC). Each of these digital assets presents a unique blend of innovation, utility, and potential, underpinned by robust blockchain technology and visionary development teams.
In this article, we shall be delving into the fundamentals of these tokens, their use cases, and the market dynamics that make them some of the top crypto to buy in 2024. So whether you’re a seasoned investor seeking to diversify your portfolio or a newcomer intrigued by the possibilities of decentralized finance (DeFi), these are five of the top crypto coins to buy and potentially add huge returns to your wallet:
KangaMoon (KANG)
The emergence of new tokens in the market has brought about technological advancements in the crypto ecosystem. One such token is KangaMoon (KANG), a new meme coin in the market with a unique approach, one never seen before in the meme coin market.
Currently, in the third stage of its presale phase, KanagaMoon has already exceeded expectations, raking in $1.6M.. Even better, with the rapid adoption and the busy presale window, the network might record a whopping $2M in revenue by the end of March.
A community-driven token, KangaMoon aims to revolutionize the meme coin industry by combining SocialFi features, GameFi, and Play-to-Earn in order to boost user participation and rewards. On its platform, users and investors can participate in weekly, monthly, and even quarterly activities, including in-game quests and special giveaways. By participating in these activities, users stand a chance to earn amazing rewards, thus fostering community engagement and development.
Furthermore, users and participants stand a chance to earn rewards by sharing posts, commenting, and tweeting about the token. These participants will earn the native KANG tokens which can be translated to real-world value and used to trade a global range of digital assets. Meanwhile, investors who got in early on the KANG token have enjoyed gains of over 125%.
Currently priced at $0.01125 from a starting price of $0.005, there are high expectations for the token to reach $1 by the end of the third quarter in 2024. Furthermore, an upcoming listing on a tier-1 centralized exchange (CEX) in the second quarter is expected to contribute to the token’s value appreciation. Looking ahead, KangaMoon sets ambitious goals to outperform well-established meme coins such as Shiba Inu, Dogecoin, and Bonk, earning recognition as one of the top cryptos to buy in 2024.
Cardano (ADA)
Cardano (ADA) is a blockchain platform that aims to provide a more secure and scalable platform for the development of smart contracts and decentralized applications (dApps). With a market cap of over $26B, Cardano distinguishes itself through its scientific philosophy and peer-reviewed research approach to development.
Moreso, it is built on a layered architecture model, which separates the ledger of account values from the reason why values are transferred. This unique approach enhances flexibility, security, and scalability.
Currently trading within a weekly price range of $0.723 and $0.764, the price of ADA token reflects a weekly decline of nearly 2% as it tries to recover from its week’s lowest point of $0.651. Although a bullish trend has been recorded in the past week, the current bull trend has sparked optimism as analysts have touted the token to experience an upward momentum in the coming months.
Avalanche (AVAX)
Avalanche’s scalability and speed of transactions have set it apart in the cryptocurrency market. Created to provide scalable and quick solutions for transactions on the toto ecosystem, Avalanche (AVAX), being one of the popular cryptocurrencies, has attracted many investors and crypto enthusiasts alike.
Currently trading at a weekly price range of $43.3 and $48.3, the network’s native token, AVAX, has witnessed a very huge surge in its price, with a 10% increase in the last 7 days. Touted to encounter more surges in the coming weeks, this token stands as one of the top cryptos to buy this year.
Polygon (MATIC)
Formerly known as the Matic Network, Polygon is an Ethereum scaling solution that aims to provide a means to improve scalability and usability issues. Its framework is designed for building and connecting Ethereum-compatible blockchain networks, thus offering faster and cheaper transactions while maintaining compatibility with Ethereum’s ecosystem. Using a layer-2 scaling system, the Polygon network improves the throughput and reduces transaction costs on the Ethereum blockchain.
While Polygon (MATIC) has witnessed an upward momentum in the last month, the past week has been riddled with market fluctuations. Currently trading at a weekly price range of $1.10 and $1.24, the token analysts have predicted a bullish trend in the coming months. With an impressive market cap of $11.9B and a very bullish history, this token is one to add to your cryptocurrency watchlist.
Polkadot (DOT)
Operating on a multi-chain blockchain platform, Polkadot (DOT) is recognized as one of the top tokens in the cryptocurrency space. Notably, the Polkadot network was designed to enhance interoperability and scalability for decentralized applications (dApps).
Also, Polkadot operates on a unique multi-chain platform composed of parallel chains (para chains) that enable interoperability among different consensus mechanisms with their governance models and tokenomics. These parachains can also connect to external blockchains through bridge mechanisms, improving interoperability between different networks.
Currently on the verge of reaching the $11 mark, the native DOT token has recently experienced an explosive surge, gaining over 50% in the last month. With analysts projecting a continuous bullish sentiment, the DOT might experience yet another price increase, making it a top crypto to buy in 2024.
