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The highly anticipated FOMC meeting involves the Federal Open Market Committee, which discusses the potential interest rate hikes and this can turn the overall market sideways, resulting in many traders looking for diversification opportunities. Grayscale Bitcoin Trust (GBTC), which is a leading Bitcoin ETF, recently experienced a single-day outflow of $93.23 million, contributing to the historical net outflow of $17.3 billion according to SoSoValue data.
As a result, many are now eyeing five key cryptocurrencies, and these include KangaMoon (KANG), Solana (SOL), Cardano (ADA), Avalanche (AVAX) and NEAR Protocol (NEAR). We will go in-depth into each one to determine which can climb the most and provide the highest ROI opportunities in 2024 and beyond.
Top Cryptos to Diversify With Before the Interest Rate Hikes in 2024
We will now take an in-depth look at each one of these altcoins in order to determine which one can see the most significant price gains in 2024 and beyond and which one can provide traders with the highest returns.
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KangaMoon (KANG)
KangaMoon (KANG) has seen the most bullish price performance as it recently crossed the $6,401,533.024 raised mark with its presale, appealing to over 20,000 users. Due to this massive momentum, it can reach $7 million by the end of the month, and the native token, KANG, has also seen substantial gains at 290%. It went up from a low point of $0.005 to $0.0196, but it won’t stop here, as its unique utility and the ecosystem’s overall approach can push this value further, making it the best cryptocurrency to buy today.
The KangaMoon platform fuses a community-driven approach with Social-Fi elements and a Play-to-Earn (P2E) infrastructure to provide ecosystem participants with the most value. On top of this platform, anyone can build their own character to unlock unique abilities. Then, they gain the opportunity to battle other players, or engage in tournaments. Those not wanting to actively participate can also just spectate and place bets on who the winner will be. This way, they can earn KANG tokens or NFTs.
There is even a dedicated marketplace on top of which they can buy, sell or trade them for additional capital gains. The KangaMoon team recently engaged in a partnership with RaidSharks to boost the community engagement and fun-aspect of the ecosystem and will introduce a monthly reward pool. By Q4 of 2024, the crypto is poised to climb by 100x according to analyst projections.
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Solana (SOL)
Solana (SOL) is a blockchain platform which is known due to its high speed and overall efficiency. At the core of the operations of this network is the Solana crypto, which is used for the payment of transaction fees. In addition, the project launched in 2017 and since then it has grown to become one of the largest and most-scalable networks out there.
During the past year, the Solana price has gone up 447%. Moreover, within the past week its price moved from $120.29 to $159.12. As a result, sentiment is bullish, and according to the Solana price prediction it can end 2024 at $201.70.
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Cardano (ADA)
Cardano (ADA) is also a Layer-1 blockchain, however, it differentiates itself by validating transactions with a Proof-of-Stake (PoS) consensus model known as Ouroboros. Through this, any Cardano crypto holders can set up their own network nodes and become validators. They need to stake the crypto to do this and can pledge their tokens onto the blockchain.
As for the Cardano price performance, its year-to-date (YTD) chart is also bullish, and during the past week alone the crypto has gone up from a low point of $0.4253 to a maximum value of $0.4987. As a result, sentiment is bullish, and according to the Cardano price prediction, by Q4, 2024 it can reach $1, positioning it as the best cryptocurrency to invest in.
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Avalanche (AVAX)
Avalanche (AVAX) is a multi-chain smart contract platform which was designed to enable the launch of decentralized applications (dApps). It has key advantages when compared to other networks, such as high efficiency, robust token transfers, and quick smart contract deployments. There are partnerships with over 150 different projects as-well, making it a notable force in the industry. During the past year, the Avalanche crypto climbed 83.2%.
In addition, during the past week, the Avalanche price has gone up from $30.96 to $39.18, and at this rate could move past even the $50 price barrier. If it does so, according to the Avalanche price prediction, it can end 2024 at $76.25.
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NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is a Layer-1 platform that is utilized for the development of dApps and smart contracts. It differentiates itself from other networks as it improves upon the transaction costs, and the overall speed issues experienced by most competing blockchains.
The NEAR Protocol price has gone up 213.4% year-to-date (YTD), and at this rate has the potential to see far more substantial gains. Moreover, the NEAR Protocol crypto increased from a low point of $5.90 to a maximum price of $7.57, and can soon break above the $10 price barrier. According to the NEAR Protocol price prediction, it can end 2024 at $15.03, making it the best cryptocurrency to invest in.
Getting Into Crypto to Retain Your Value As Interest Rates Hike
With the interest rate hike potential, a lot of traders are moving capital around in order to lose the least amount of money possible. As a result, diversification can play a major role in this, as it has the potential to not only result in fewer losses, but some altcoins even have the potential to see a price uptrend and provide massive returns.
Today, we looked at Solana, Cardano, Avalanche and NEAR Protocol, which are all solid projects with high-growth potential. The most significant gains however, can be made with KangaMoon as it is poised to spike 100x, fueled by the massive interest in the ecosystem and overall demand for its token, making it the best cryptocurrency to buy today.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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