Donald Trump is the unofficial Republican presidential nominee, however, the party still has to formally approve him at the convention this Summer. However, the competition to get his ticket has been heating up. Trump has teased crowds with numerous options, and as a result, interest in cryptocurrencies has increased. If Trump does become president again, he might make Bitcoin legal tender due to historic comments on cryptocurrencies.
While MAGA (TRUMP) is just a crypto that isn’t directly connected, or endorsed by the ex-president, it has still been impacted in value. Alongside it, KangaMoon (KANG), Synthetix Network (SNX), Arweave (AR) and Lido DAO (LDO) are also spiking in value. To see what all of the hype is about, we will go over all of these coins individually and will explore their on-chart data to see just how far they can surge in value. As a result, traders can determine why they are the best altcoins to buy.
KangaMoon (KANG)
KangaMoon (KANG) is an upcoming crypto currently undergoing its blockchain ICO, but unlike other meme coins that have been utilized exclusively for transacting or tipping online through cheap transaction fees, KangaMoon will introduce a vast ecosystem.
As a result, KangaMoon is a platform that will implement Play-to-Earn (P2E) elements alongside a Social-Fi infrastructure, which will add additional layers of fun and incentives for its users. Players will be able to create a KangaMoon character, and through it, they can venture through the universe. They can even earn KANG tokens, alongside NFTs that are rare just by completing quests, or battling other players and participating in community events.
Another key feature behind this ecosystem is the marketplace, where anyone can buy, sell or even trade in-game items, characters or rare collectibles. Through it, the overall experience is enhanced and it contributes towards a vibrant virtual economy.
The crypto has spiked in value by 180% after climbing from $0.005 to $0.0014, and has raised $2.5 million so far. It can break the $3 million raised mark soon as it appeals to investors and traders on a global scale, as it enables any ecosystem participant to monetize their achievements. It’s seen as a crypto that can turn $1 into $1,000 in the long-term.
By combining culture with an interactive ecosystem, it also addresses the demand for more utility in meme coins. As a result of all of these aspects, analysts are projecting a price upswing of 5,000% following its launch, and it’s seen as one of the best altcoins to buy.
MAGA (TRUMP)
MAGA (TRUMP) is a meme coin that is created for entertainment, and is not affiliated, or endorsed by Donald Trump. However, the MAGA meme coin does reference or incorporate elements related to his persona, image or likeness. As a result, any updates surrounding his presidential candidacy can and has affected its value. The MAGA price has pumped by 75% in the past 30 days, sparking significant interest among investors and traders. Historically, Trump has positioned himself as pro-crypto, which can be one of the catalysts for this upwards trajectory.
Moreover, the MAGA crypto has moved up from a low point of $4.20 to $6.84 during the past week, and at this rate could break even past the $7 price barrier. As a result, according to the MAGA price prediction, it is projected to end 2024 at $29.58.
Avalanche (AVAX)
Avalanche (AVAX) is one of the main competitors to Ethereum and its a scalable blockchain that enables low transaction fees. Moreover, it is built to be a smart contract-cable network, and can be used by anyone to launch decentralized applications (dApps).
The Avalanche price spiked 201.3% in the past year and the altcoin is up 45.7% in the past month alone. Moreover, the crypto moved from $51 to $63, and it can reach new heights by the end of 2024. According to the Polkadot price prediction, it can end 2024 at $87.52.
Polkadot (DOT)
Polkadot (DOT) is a protocol built to connect blockchain and enable anyone to transfer data across previously incompatible networks. For example, Bitcoin and Ethereum were not previously compatible. As a result, it’s designed to be fast, and scalable, and its native DOT token is used for staking and governance.
Throughout the previous week, DOT climbed in value from a low point of $8.66 to a maximum value of $10.82, and by breaking above $10 it has seen a major level of bullish momentum. Moreover, the year-to-date (YTD) climb for the Polkadot price was by 40%, and its monthly rise was by 20.7%. According to the Polkadot price prediction, the crypto can spike as far as $13.94 in 2024.
TRON (TRX)
TRON (TRX) is one of the largest blockchain-based digital platforms that hosts applications related to entertainment. Moreover, it features its own native altcoin, TRX which has been dominating the charts as of recently.
Specifically, the year-to-date (YTD) climb for the TRON crypto was by 74%. During the past week it also climbed from $0.1122 to $0.1273 at its highest level. According to the TRON price prediction, it is projected to spike as much as $0.1916 by the end of 2024, positioning it as one of the best altcoins to invest in.
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