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Donald J. Trump, an aspirant for the next president of the United States of America, has continued to warm up to cryptocurrencies. Trump recently said he was fine with crypto. He will now accept Bitcoin, Ether, Dogecoin, and XRP for his 2024 presidential campaign.
The 45th U.S. president had recently announced his intention to run in the 2024 race from Mar-a-Lago in a campaign. He said to focus on the use of cryptocurrency. Trump’s massive support for cryptocurrencies is good news for the crypto market.
Five Top Cryptos To Invest in for Large Returns in 2024
Let us look at five of the best cryptos that could rise in the coming months –
– KangaMoon (KANG): A decentralized gaming project that involves gamers in contests and competitions. KangaMoon’s KANG token can see 100x price growth, according to analysts.
– Arbitrum (ARB): An L2 scaling solution for Ethereum that promises fast transactions with high throughput and low transaction fees.
– Binance Coin (BNB): The in-built token of the Binance exchange, the largest CEX by trading volume.
– Toncoin (TON): It has been more popular in the crypto market since its association with the Telegram application.
– Injective (INJ): The A.I. token that set the crypto space on fire in 2023, rising by 1,000%.
The Best Cryptos To Buy Now
Now, let us go deeper into each altcoin and what potential they hold for investors this year.
KangaMoon (KANG)
KangaMoon (KANG) is a project that brings excitement to the gaming and memecoin ecosystem. This new project has incorporated decentralization. It allows everyone in the community to earn free tokens based on their respective levels of participation in the games.
Along with decentralization, KangaMoon also uses a Social-Fi model. It compensates members of the network there based on their social interaction. The platform will use KANG tokens to reward all the community users for their contributions to the ecosystem. It will also reward users for their activity on social media platforms. Besides this, KangaMoon also has contests and games that the players can play to get free KANG coins.
This project has not taken too long to catch the interest of the masses. It has currently raised approximately $7 million in its presale. Thus, KangaMoon is among the best altcoins that have emerged in the market these past few months.
KANG has already increased in value by as much as 400%. It has been shining as high as $0.025 for the year so far, and we are getting listings with CoinGecko and CoinMarketCap. These upcoming events and the potential adoption of Social-Fi have been predicted to push the KANG altcoin price above $1 before the year ends.
Arbitrum (ARB)
Arbitrum (ARB) is the first altcoin in this article. As an Ethereum scaling solution, Arbitrum is one of the largest L2 coins in the market right now. Per data from CoinMarketCap, Arbitrum is among the top 40 cryptocurrencies and boasts a market cap of over $3 billion. Also, Arbitrum recently set a new record as the first L2 network to reach $150 billion in exchange volume on Uniswap.
Looking at the price action of the Arbitrum coin, it has exhibited great strength in the market. From the yearly low of $0.7453, ARB increased to a peak of $2.40 in January. It has been through some corrections, but analysts’ expectations about the ARB altcoin price are still optimistic, with a price target of $5, making it one of the best cryptocurrencies to invest in.
Toncoin (TON)
Toncoin (TON) is among the best altcoins available in the market, as its future looks rather promising. One of the reasons for such a bright future is the affiliation with the Telegram platform, with over 800 active users per month.
This relationship has been working in the favor of the altcoin for the past month. The data from CoinMarketCap shows that the Toncoin price has increased by 10% within the last month. TON is valued at $7.44, and its market capitalization is over $22.5 billion.
Owing to its recent price pump, Toncoin is now a top ten crypto, ranked according to market cap. Based on predictions from Coincodex, TON has been estimated to possibly reach the $20 mark for a new ATH.
Binance Coin (BNB)
Binance Coin (BNB) is still among the top 5 cryptos in the market even when the cryptocurrency has stagnated in the range of $500-$630 for the past month. The poor price movement could also be due to the recent regulatory problems regarding its parent firm, Binance, and its former CEO.
Based on its current price action, the Binance Coin price still has room for more increase. Coincodex data reveals that the BNB trades above the 50-day and 200-day SMAs. It is a bullish signal. Besides, if those levels hold, Binance Coin can soon reach a new all-time high.
Injective (INJ)
There is also another cryptocurrency that is worthy of investment, and it is known as Injective (INJ). It is one of the top-performing A.I. altcoins in the market, with a YTD price rise of 286% on the yearly price graph. Earlier this year, the annual gain for Injective touched 1,000% before a market correction set in.
On the lower time frames, the Injective crypto is trading at the $22.83 – $28.56 price level after falling from its all-time high of $52.62. Going forward, analysts have predicted that the price of Injective will cross its current all-time peak. They gave price targets of $60 and $72 before the end of 2024.
In Conclusion
The U.S. market is gradually opening up to cryptocurrencies. Trump winning the upcoming elections could lead to favorable laws that would increase the adoption of cryptocurrencies. This article has highlighted the five best coins to invest in so you can be part of this bullish ride.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
– Website: https://kangamoon.com/
– Join Our Telegram Community: https://t.me/kangamoonofficial
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
