Jupiter (JUP) has become the number one decentralized exchange (DEX) with the highest number of Unique Active Wallets across all chains according to SolanaFloor data. In addition, Filecoin (FIL) has reached a major milestone as it reached $600 million in total value locked on the Filecoin Virtual Machine.
But despite these achievements reached by both projects, many traders are moving their balance around and have diversified with the KangaMoon (KANG) presale. To see why this is the case, we will go over the on-chart performance for all projects. By the end, we will determine why these are the best altcoins to invest in.
Filecoin (FIL) Reaches $600M in TVL on the Filecoin Virtual Machine
Filecoin (FIL) could soon experience major movements on its charts fueled by the latest updates in its ecosystem which resulted in significant milestones being reached. Specifically, according to a report by Messari, the network reached a total value locked on top of the Filecoin Virtual Machine of $600 million, which is 2x growth QoQ.
Moreover, the Filecoin crypto is also boosted as the active deals soared by 9%, and the utilization rate scaled from 18% to 23%. Now, the Filecoin price is primed to see far more substantial gains as enthusiasm in the ecosystem increases. According to the Filecoin price prediction, it can end 2024 at $12.27, making it one of the best altcoins to invest in.
Jupiter (JUP) Becomes Largest Solana-Based DEX
Jupiter (JUP) is also moving upwards on the charts and has emerged as one of the hottest and largest projects. Specifically, according to data from SolanaFloor, the Jupiter crypto could soon see a major upswing. This is because Jupiter is a Solana-based exchange and has become the largest decentralized exchange (DEX) with the highest number of Unique Active Wallets across all chains at 196,000.
As a result of this, the Jupiter price is bound to explode in the near future, which could result in the crypto reaching new heights. Subsequently, according to the Jupiter price prediction, it can end Q4 of 2024 at a value of $2.14, making it one of the top altcoins to consider.
KangaMoon (KANG) to Experience Major 100x Price Uptrend Fueled by Vast Ecosystem
KangaMoon (KANG) is one of the latest projects to enter the meme coin space, but despite this it has already taken it by storm with a major 290% price increase, as it has seen a major level of attention from traders. Since the first stage of its presale, the crypto has seen a major price increase, rising from $0.005 to $0.0196. In addition, the presale has raised $6.2 million, and given that over 20,000 users signed up, interest and demand is massive, which can result in the project reaching $7 million by the end of the month.
The key catalysts that have fueled this major level of attention and growth in the KANG token include its vast utility within the ecosystem, which consists of a Play-to-Earn (P2E) game, alongside Social-Fi elements and a community-driven approach. These aspects can help it leap ahead of most of the competition, as anyone can earn KANG tokens and other rewards through completing weekly, monthly and quarterly challenges.
Players gain control of a character, build it up and unlock unique abilities. Players can buy, sell or trade NFTs on top of the dedicated marketplace as-well. At launch, analysts are projecting a 100x price increase for KANG, positioning it as one of the top altcoins to get.
Summary
As Filecoin and Jupiter are both bullish on the charts, they can see major price uptrends in the upcoming sessions. Yet, despite their success, traders are moving their portfolio around and are adding KangaMoon to it, due to its potential to spike 100x at launch.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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Disclaimer: The information provided in this article is intended for informational purposes only and should not be construed as financial advice. Any decisions made based on the content of this article are solely the responsibility of the reader. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
