Gold prices have reached a new all-time high, and on average have hovered around the $2,203.35 range per ounce.It’s clear that the demand for gold has remained solid throughout the past year, as central banks have begun to buy it up as a hedge against inflation.However, Global silver demand is forecast to reach 1.2 billion ounces in 2024, and this could mark the second-highest level on record.Moreover, it can be a catalyst that could push the value to reach a 10-year high, or $30 per ounce.
Aside from gold and silver, historically, investors and traders have also diversified with cryptocurrencies.The five main cryptocurrencies that can outshine gold and silver in 2024 with remarkable growth include KangaMoon (KANG), Litecoin (LTC), Bitcoin Cash (BCH), Render (RNDR) and Cosmos (ATOM).Today, we will go over their price performance to see why these are the top crypto coins to buy.
Top Cryptocurrencies to Outshine Gold and Silver in 2024 Here, we will take an in-depth look at the top cryptocurrencies to invest in during 2024 for remarkable returns.
KangaMoon (KANG) KangaMoon (KANG) has seen an explosive level of growth during its crypto ICO as hype and speculation about its future has risen.In fact, some analysts are projecting a 100x price upswing following its launch, and the key catalysts for this growth include its innovative approach and shift into DeFi.
Specifically, the KangaMoon platform will introduce a community-driven approach and Social-Fi elements, alongside Play-to-Earn (P2E) functionality.Anyone can get KANG tokens by engaging in the various aspects of its universe, and can even gain rare NFTs by completing quests, or battling other players and engaging in community events.
Another key feature behind the KangaMoon ecosystem is its marketplace, where any player can buy, sell or even trade in-game items or characters.
The approach has made a significant mark as it has already reached Stage 4.From the beginning until now, the price has grown from $0.005 to $0.014.As a result, this marked a 180% price increase, and the presale has raised $2.8 million.Soon it can breach the $3 million mark, and cause an even more significant level of buzz among investors and traders, pushing its price sky-high.
As a result, KANG is a top crypto to invest in.
Litecoin (LTC) Litecoin (LTC) is a cryptocurrency originally launched in 2011 aimed to compete with some of the largest players in the industry, and enable transactions which are quick and cheap.It was developed using a copy of the source code behind Bitcoin, but was built upon even further.
As for the Litecoin price performance, the crypto was a 20.9% price increase during the past month.In addition, the Litecoin crypto also moved upwards from a low point of $78 to a maximum value of $91 during the previous week.According to the Litecoin price prediction, it can end 2024 at $130.61.
Bitcoin Cash (BCH) Bitcoin Cash (BCH) enables P2P payments, and was originally launched in August of 2017 as a hard-fork blockchain, which was split from Bitcoin.
It still uses the Proof-of-Work (Pow) consensus but enables quicker and cheaper transactions.
As a result, the on-chart metrics behind Bitcoin Cash are green, as its year-to-date (YTD) climb was by 200%.Moreover, during the previous week, the price of Bitcoin Cash moved up from $354.68 to $432.68, and according to the price prediction, it can end 2024 at $599.18.
Render (RNDR) Render (RNDR) is a blockchain and crypto-enabled project which enables anyone on a global scale to access GPU power as a means of helping projects render motion graphics and other visual effects.Users who supply this power get RNDR as a reward, which is the network’s native utility token.
The year-to-date increase for Render was by 641%, and in the past month, it’s up 72%.Moreover, within the past week, the Render price went up from $10.14 to $13.41.
According to the price prediction however, it can spike as high as $17.29 in 2024.
Cosmos (ATOM) Cosmos (ATOM) is a blockchain ecosystem which is built t o enable the secure connection and communication of interoperable blockchains.It features numerous interchain apps and services, and over time has amassed a large user-base.
This crypto is up 14% on the monthly chart, and just during the past week, the Cosmos price is up from $10.86 to $12.83.According to the Cosmos price prediction, the crypto can end 2024 at $17.44.
Our Criteria for Selecting Cryptocurrencies Investing in cryptocurrencies can be difficult and risky and as a result, it is important to keep in mind numerous distinctive criteria and factors.To make informed decisions, these were the key factors we looked at.
Technology and Team The first step is to go over the underlying technology behind each project, by analyzing its whitepaper and overall documentation, alongside going over what it solves in the industry.
Moreover, getting an in-depth look at the team behind the project can also go a long way into learning more about it.
Utility and Overall Market Interest For a cryptocurrency to thrive it will also need to have a utility or use-case.
By doing so, it can provide value for users aside from being a means of transferring value and over time lead to more significant interest from the market.
Historic Performance and Future Risks With Volatility While going over the historic performance will not always be indicative of how far a crypto can move in the future, it can shed some perspective into how volatile it was.By understanding the volatility risks and overall momentum, traders and investors can make far more educated investment decisions.
Moving Forward With the Top Cryptocurrencies of 2024 With the rise of Gold and Silver a lot of attention has moved towards diversifying portfolios.Cryptocurrencies are the next step in that process, and while KangaMoon (KANG) is a top crypto to invest in , Litecoin (LTC), Bitcoin Cash (BCH), Render (RNDR) and Cosmos (ATOM) are all displaying solid price performance, which can result in significant price gains in the future as-well.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/
Join Our Telegram Community: https://t.me/KangaMoonofficial.
