Bitcoin has surged to a new all-time high, confirming every prediction of a major bull cycle in 2024. As in previous bull cycles, many top altcoins are expected to yield bigger gains than Bitcoin in 2024.
However, with over 20,000 altcoins to choose from, crypto investors often face difficulties finding the best options to pick. The question of what are the best altcoins to buy to maximize the 2024 bull market will be answered in this article.
To make the most of the 2024 bull cycle, KangaMoon (KANG), VeChain (VET), Sui (SUI), Solana (SOL), and THORChain (RUNE) are the must-have altcoins. Based on the predictions of top crypto experts, we will also look at the expected returns for these altcoins.
Most Promising Altcoins According To Crypto Experts
The altcoins to watch in the 2024 crypto bull market are:
KangaMoon (KANG)
While the meme coin market has raised massive excitement in the past few weeks for gains, KangaMoon (KANG) has piqued the interest of investors for a different reason. This new altcoin is bringing a new wave into the crypto market with its exciting new Social-Fi infrastructure.
With this new model introduced by KangaMoon, users are rewarded based on their levels of interaction within the community. Even in presale, the concept is active, with users given the opportunity to earn KANG tokens by engaging in posts, sharing tweets, and tweeting.
The presale of KangaMoon has been a monumental success, raising $1,000,000 through the first three stages. Given the growth rate of the KangaMoon network, it is expected to raise over $1.5 million before the end of this week. In the period, the altcoin price has increased by 125%, rising from $0.005 to $0.01125.
Given the massive attention KangaMoon has attracted, crypto experts have forecasted gains of 50x, making KANG the best altcoin to buy now. Signing up now for the presale is even more appealing as early investors can obtain a 10% bonus on each purchase.
VeChain (VET)
VeChain (VET) has been one of the most impressive altcoins in the past few weeks. The altcoin price has increased by more than 65% to cross the $0.0500 level. Despite the strong bullish performance, crypto analysts have pointed to several technical indicators that hint at a potential price explosion.
The RSI, MACD, and Aroon indicators all suggest a major bullish trend for VeChain. Egrag Crypto, in his recent VET technical analysis, explained that holding above $0.0500 prepares VeChain for an explosive price rally.
Based on the predictions shared by Egrag, the price of VET could experience a major surge to $1.50. This prediction represents a 30x price increase from VeChsin’s current price range, making it one of the best altcoins to invest in.
Sui (SUI)
Sui (SUI) was one of the breakout altcoins of 2023 and rallied when the rest of the cryptocurrency market was stuck in consolidation. In November, Sui price increased by over 300% with the increasing number of developers building on the network.
The TVL of Sui, which is one of the largest DeFi networks, has exceeded $530 million within less than a year since its launch. Lately, there has been an increasing attraction to the Blockchain of Sui, which is very effective and highly scalable. The increasing acceptance is forecasted to prop up the altcoin price in the coming months.
By March 2024, Sui is on an upward trajectory, rallying to trade over $1.50 as it gets set to make a new ATH above $2. Sui’s price forecast for the 2024 bull market is in the range of $5.23 to $7.36. Sui is one of the best altcoins to buy in 2024, with potential gains of about 400% from its current range.
Solana (SOL)
Solana’s (SOL) price surged by over 900% in 2023, breaking the $100 level. Solana joined the rest of the crypto market in 2024 in extending its gains above $150, becoming one of the top altcoins to buy.
SOL has been performing well for quite a few months, but its potential for even bigger gains is still quite tangible. One of the major developments is that institutional investors are now showing interest in Solana. Ethereum has been outperformed by Solana in receiving funds from the largest investors.
Besides, not only is Solana a rival of Ethereum, but it has also been chosen as the better blockchain network by various major names. The Solana RSI (in the 30s area) and growing network activity confirm a possible price rise. Solana has been forecasted to reach a new ATH of over $600, putting it among the top altcoins to invest in for 2024.
THORChain (RUNE)
THORChain (RUNE) has been one of the best altcoins to invest in since 2023. The price of RUNE has increased by more than 80% in the last 30 days and more than 650% year-on-year. The rally has seen THORChain hit a 22-month high above $9 and close in on the $10 mark.
The Moving Average Convergence Divergence (MACD) supports an extension of its recent rally. An analysis from More Crypto Online based on the Elliott Wave technical analysis confirms a major bull outbreak for RUNE in the coming weeks.
Based on the current momentum, THORChain could break above $10 before the end of March. Many crypto analysts have predicted that the price of RUNE could break above a new ATH in 2024, with price targets between $40-$50, making it one of the top altcoins to buy.
Conclusion
Based on technical trends and fundamental analysis, these five altcoins have shown potential for massive gains in the 2024 bull cycle. While these are the top altcoins to watch, investors should expect varying degrees of gains from them.
From Sui’s promising gains of 4x to the explosive 50x potential of KangaMoon, investors are sure to make the most of the bull cycle with these top altcoins. With the coming launch and listing on tier-1 exchanges, KANG is the number one altcoin, promising the most gains in 2024.
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