The cryptocurrency market in Asia recently saw the most significant development, where ChinaAMC (Hong Kong) Limited held a press briefing on April 29 officially announcing the ChinaAMC Bitcoin ETF and Spot ChinaAMC Ethereum ETF. Based on a report by Foresight News, Zhu Haokang, the head of digital asset management and family wealth at the company, expressed confidence that the trading volume will surpass the $125 million mark set by the 10 US Bitcoin spot ETFs issued on January 10, 2024.
As a result, it’s clear that the future is in ETFs, and as a result many traders have begun preparing for this paradigm shift by diversifying their crypto holdings with other cryptocurrencies. The five that have stood out the most recently include KangaMoon (KANG), Wormhole (W), Arweave (AR), Ondo (ONDO) and Binance Coin (BNB), and today, we will take an individual look at each one to determine which one can surge the most in 2024 and beyond. By the end, we will see why these are the best altcoins to invest in.
Top 5 Cryptos to Diversify With in Preparation for the ETF Future
Here, we will take a deeper dive into each one of the top 5 cryptocurrencies to diversify with, in preparation for a future filled with far more variety in regards to exchange-traded funds (ETFs). Let’s jump into the 5 best altcoins to invest in.
KangaMoon (KANG)
KangaMoon (KANG) has gained a lot of appeal from traders as it introduces an ecosystem which features Social-Fi elements, a community-driven approach and Play-to-Earn (P2E) features. Within this ecosystem, players can take control of a character and can then get involved with battling, entering tournaments or upgrading it. By completing them, players can unlock additional NFTs. KANG is used within the official, dedicated KangaMoon marketplace, and is also gained as a reward for the completion of fights and tournaments.
There are now over 20,000 users which signed up for the platform even prior to its launch, but to boost community engagement even further, the platform has partnered with RaidSharks and will offer a monthly reward pool. So far, the project’s native token, KANG, has risen from $0.005 to $0.0196, fueled by the massive utility in the ecosystem. In addition, the presale has raised over $6 million, but analysts are bullish on its future and project a rise above $7 million fueled by the massive demand and interest in the project. As a result, at launch, the KANG token has the potential to climb as much as 100x, especially once it’s listed on Tier-1 exchanges in Q2.
Wormhole (W)
Wormhole (W) has risen as a popular project as it is a leader in cross-chain protocols, which enables the secure transfer of data or tokens across top blockchains. It does this without the need to connect to a third-party exchange, and utilizes the Proof-of-Authority (PoA) network consensus.
As for the Wormhole price performance, the crypto has risen by 35% within the past two weeks, and is up on a weekly level as-well. During this time, the Wormhole crypto has climbed from $0.5342 to $0.6841, and now needs to break past $0.7 in order to reach new heights. However, sentiment on its future is bullish as based on the Wormhole price prediction, it can end 2024 at $1.41, making it one of the top altcoins to watch.
Arweave (AR)
Arweave (AR) is a Web3 protocol which offers data storage through the utilization of a decentralized network of devices. It essentially matches users who require a storage solution with those who have additional space to provide. The native Arweave crypto is utilized as a payment to put data onto the blockweave network as-well.
During the past year, the Arweave price has gone up 343.5%. Moreover, within the past two weeks it’s up 31.7%, and within a week it has increased from $29.74 to a maximum price at $37.19, and could soon even break past the $40 price barrier. If it does so, according to the Arweave price prediction, it can end 2024 at $79.60.
Ondo (ONDO)
Ondo (ONDO) is a platform that utilizes blockchain technology in order to tokenize real-world assets (RWAs) and even offers them within a DeFi ecosystem.As a result, investors can gain exposure to traditional assets using Ondo while utilizing their cryptocurrency balance.
While the broader market experienced a price correction phase, the Ondo price has gone up during the past three months by 801.3%. In addition, the Ondo crypto has spiked from $0.7462 to $0.917 during the past week alone, and could soon break above the $1 price barrier. If it does so, based on the Ondo price prediction it can spike to $1.84 by Q4, 2024, making it one of the best altcoins to buy.
Binance Coin (BNB)
Binance Coin (BNB) is the native cryptocurrency utilized at one of the largest exchanges, Binance, and has seen a rapid price upswing during the past year. The crypto is issued by the exchange and is utilized to power the BNB Chain ecosystem. In addition, anyone can use the Binance Coin crypto for the payment of fees on the exchange.
During the past year, the Binance Coin price has gone up 82.3%, and within the past week it’s surged from $584.14 to a maximum price at $616.97. At this rate of growth, it could soon pass it’s all-time high, originally reached on May 10, 2021 at $686.31. According to the Binance Coin price prediction, by the end of 2024 it can reach $874.64, positioning it as one of the most solid altcoins to watch.
Moving Forward With the 5 Best Altcoins for Diversification in the ETF Future
It’s clear that the future of crypto will be greatly affected by ETFs, and this can expand the industry to a lot more people who might have otherwise not wanted to jump into it. Those preparing for an ETF-filled future have already begun to diversify their holdings, and are eyeing Wormhole, Arweave, Ondo and Binance Coin to do so. However, the most significant growth can be made with KangaMoon, as it is still in the presale stages and has rapid growth momentum and high-ROI potential.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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