The crypto market never ceases to storm investors with major developments that can mark the beginning or end of a huge market sentiment. In the past week, JP Morgan Chase, the largest bank in the US, disclosed their investments in spot Bitcoin ETFs which totaled over $1 million. This marks a pivotal shift in institutional acceptance and endorsement of assets in the altcoin market.
Interestingly, a similar move was made by Wells Fargo, a well-known financial service firm in the US. These developments are likely to affect other assets in the market and especially increase investors confidence and holdings in digital assets.
While Bitcoin will probably benefit the most, other top altcoins will potentially gain more attention in the investment market for diversification. Altcoins with useful features, especially in new areas like decentralized finance (DeFi) and play-to-earn (P2E) gaming, could get more attention and investment. In lieu of this, below are 5 altcoin gems to consider this year.
5 Top Altcoins To Buy for Substantial Investment Gains
With Bitcoin currently rising to previous ATH levels, traders and investors in the crypto market are on their toes, on the lookout for promising altcoins. If you’re on this side of the fence, take the reins early and invest in these altcoin gems.
KangaMoon (KANG)
The meme coin space has always been a spectacular sector in the crypto market. And, the reason is what you might expect; the high volatility that can be seen with these tokens can be meteoric. Meme coins in particular have a high tendency for positive returns and KangaMoon (KANG) might be the next token with a substantial opportunity for lucrative returns this year. With nearly $7 million already accumulated in its presale the community it’s getting larger by the day.
However, beyond the presale prospect, KangaMoon’s unique appeal lies in its immersive and entertaining ecosystem dubbed “Kangaverse”. Here, users can engage themselves in battle-themed contests and speculative betting on battles to win $KANG tokens and other valuable in-game assets. The native $KANG token serves as the primary currency within the Kangaverse, allowing the players to buy in-game assets and gain access to other features that enhance the gameplay experience.
As one of the potential meme coins to watch, with over 32,000 community members, KangaMoon is set out to become one of the anticipated high gainers this year. With a new listing announcement of BitMart soon, analysts even expect the Kagamoom token to hit $0.5 or $1 by the end of the year. The platform has over 6,000 token holders currently but with its recent RaidSharkBot partnership, which is set to increase its community engagement, KangaMoon might do a 100x this year.
More importantly, the price of KangaMoon has increased by 400% so far since it was launched in the presale market. Currently in its sixth and bonus presale stage, $KANG is priced at $0.025, a good spike from its initial price of $0.005. Overall, the potential that KangaMoon has to disrupt the GameFi market which is set to hit USD 48830.0 by 2028 is promising.
Gala (GALA)
GALA is a native crypto token that was designed to support the Gala Games ecosystem— a blockchain GameFi platform aimed at bringing DeFi to online gambling. The Gala crypto gaming platform empowers players by giving them control over game assets through non-fungible tokens (NFTs).
This mechanism ensures that the players gain true ownership of in-game assets and characters. The platform also allows players to influence game development and governance using the $GALA token. This native token can also be used for in-game purchases, voting on features, and participating in exclusive events.
The Gala token recently pumped following a positive sentiment surrounding the token. Though Gala is consolidating, there is high potential for more gains for this token this year. With a fixed supply cap, GALA's tokenomics are designed to maintain value and support a sustainable gaming ecosystem. The altcoin market has been showing impressive signs, and Gala might rank among one of the highest gainers this year.
GameStop (GME)
The GameStop token which was inspired by GameStop stock recently blew up in the altcoin market, but there’s more behind the scenes. Keith Patrick Gill who is also known as Roaring Kitty, played a significant role in the 2021 GameStop meme stock surge, returned with a tweet that sparked renewed interest in the company. His comeback has caused a lot of excitement in the investment community, resulting in a noticeable increase in GameStop's token price.
Since 2020, GameStop token has seen big ups and downs, largely influenced by actions of regular investors and trading strategies driven by social media. Although the stock has faced corrections and volatility in subsequent years, the recent events hint at the potential for another period of increased investor activity and interest in GameStop.
Injective (INJ)
Injective network is a leading blockchain platform known for its innovative approach to decentralized finance (DeFi) and it has ranked as one the top DeFi coins since its inception. Injective particularly pushes the boundaries of what is possible within the cryptocurrency space. Recently, the Injective network unveiled its most significant tokenomics upgrade to date with the launch of INJ 3.0.
While this upgrade is expected to reduce INJ token’s circulating supply, it will also rank it among top deflationary assets in the crypto market. In the same vein, the new development has the potential to boost Injective growth potential in the DeFi market, thereby positioning the native INJ token for massive gain.
THORChain (RUNE)
One particular feature that makes THORChain network a must-mention in this list is how it addresses the compartmentalization issues in the crypto space. Its proprietary protocols allow for seamless communication and value transfer between disparate blockchains. THORChain, with its native token $RUNE stands out as an independent blockchain and cross-chain decentralized exchange (DEX).
As THORChain network aims to power the next generation of cross-chain DEXs, it holds significant potential as a profit gainer in this year's bull market. Investors should basically look at THORChain as one of the best DeFi coins to watch for potential gains in the DeFi market.
Is KangaMoon’s Buybacks and Liquidity Control Better than that of RUNE, INJ, GALA and GME?
According to its roadmap, 5% of KangaMoon tokens are set aside for exchange listings. These tokens facilitate the initial listing of $KANG on various cryptocurrency exchanges as well as guarantee accessibility to a wider audience in the altcoin market.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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