Analysts have picked three top altcoins, Chainlink, Solana, and KangaMoon, to give 10x gains in 2024. While Chainlink and Solana are among the best-performing coins in the past month, KangaMoon is a presale project that seeks to build a community-driven memecoin ecosystem.
Solana (SOL) Still Bullish Despite 10% Price Plunge
Solana (SOL) recently soared to a 30-day peak of $107 on January 30th while the rest of the altcoin market battled with negative sentiment. Interestingly, the Solana network has also recorded the highest number of active users in January since 2020.
According to reports, Solana’s active users hit 875,940 on January 1st during the Jupiter airdrop. At the moment, Solana’s price has dropped 10.0% on the weekly chart, falling from a weekly high of $106.00 to a low of $93.70.
This has cast doubts in the hearts of investors about a potential rise to the $120 mark. Despite the price drop, Solana coin is still trading above the 200-day SMA ($48.79) with its RSI above the 50 mark. 19 of its technical indicators are currently bullish, with just 8 bearish. As a result, Solana coin could see more gains in the coming weeks.
Chainlink (LINK) Next Price Target
Crypto analyst CobraVanguard, in a recent post, provided insights about Chainlink’s (LINK)latest price rally and its next target. CobraVanguard pointed out the formation of a flagpole on the chart, indicating that the pattern for Chainlink’s price was bullish.
What’s more compelling is that the analyst disclosed Chainlink’s price had broken out of this flag pattern. This breakout is a sign that the token’s future trajectory is bullish.
Consequently, CobraVanguard has pegged the next target price at $27. However, the pathway to this target is not direct. The analyst expects a dip below the $13 support level before Chainlinkrallies towards the target.
Meanwhile, Chainlink coin is trading above the $18 region, fluctuating between $15.06 and $19.64 on the weekly chart. The altcoin price has increased 23.3% and 38.2% on the weekly and monthly price charts.
KangaMoon (KANG): The Best DeFi Project for Investors in 2024
KangaMoon (KANG) has become a top project among memecoin lovers thanks to its dedication to fostering a vibrant community centred around meme culture. The project is set to blend Social-Fi elements with play-to-earn (P2E) gaming.
This would create a platform where its native token, KANG, will play a pivotal role. The token will be used for in-game purchases and character enhancements. KANG token holders can grow their holdings even before the game’s official release. To do this, they can engage in a variety of challenges and events.
The good news is that these events are organized on a weekly, monthly, and quarterly basis. This allows participants to win more $KANG tokens, among other prizes. With the KANG token presale on the horizon, KangaMoon is on the brink of launching the best DeFi project.
The KangaMoon presale offer is currently on, and the KANG token is worth only $0.005. This low price is a good opportunity to join the project before it skyrockets in the coming weeks. Besides, its link to the play-to-earn NFT gaming sector sets it up for massive gains in the future.
This sector, as reported by Research Reports World, was valued at over $8856.95 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 17.93% by 2028. This highlights the promising future for projects like KangaMoon in this crypto market.
Investors looking to make the best of 2024 and 10x their investments can look to top altcoins like Chainlink, Solana, and KangaMoon. KangaMoon is the cheapest token on the list, with a huge potential for massive gains after its launch in 2024.
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