Ethereum

Render

Arthur

<img src="https://cdn.thebittimes.com/images/2024/06/04/1717481787.webp" width="800" height="457" alt=""> 
In a <a href="https://x.com/Arthur_0x/status/1794746610175615428" target="_blank" rel="noopener">tweet</a> a few days ago, Arthur Cheong, the founder of crypto-focused investment firm DeFinance Capital said that Ethereum could hit $4.5K before the first Ethereum ETF starts trading on the market. The recent approval of eight spot Ether ETFs has sent massive waves across the crypto market as the altcoin season draws closer. Some analysts have picked some top altcoins that will join the Ethereum bullish waves.&nbsp; Some of the altcoins outlined for a potential rally include:&nbsp; 
<ul> 
 <li dir="ltr" aria-level="1"> KangaMoon (KANG) </li> 
 <li dir="ltr" aria-level="1"> Ethereum (ETH) </li> 
 <li dir="ltr" aria-level="1"> XRP (XRP) </li> 
 <li dir="ltr" aria-level="1"> Render (RNDR) </li> 
 <li dir="ltr" aria-level="1"> Filecoin (FIL) </li> 
</ul> 
Below are comprehensive insights and a review of these top altcoins.&nbsp; 
<h2 dir="ltr" id="span-over-450-price-rally-projected-for-kangamoon-kang-before-launch-span">Over 450% Price Rally Projected for KangaMoon (KANG) Before Launch</h2> 
It has been an outstanding presale phase for KangaMoon <a href="https://kangamoon.com/" target="_blank" rel="noopener">(KANG) </a>so far, having raised over $7.5 million from presale buyouts. Also, the KANG token has grown by 400% in value since the start of its presale. Notably, with more laps to go before the launch, experts are backing the KANG token to oversee over 450% price growth before the launch. 
Meanwhile, KangaMoon has already begun preparation for its launch, given that it has already been listed on CoinGecko and CoinMarketCap data aggregator sites. In view of this, now represents the best time to buy the KANG presale as its potential rally is kick-starting. At the price of $0.025, KANG presale is one of the best altcoins to buy in 2024. 
On the other hand, KangaMoon’s platform is setting up toward becoming one of the most engaging meme communities on the blockchain that facilitates engaging interaction, sharing of insights, and fun. So far, over 32,000 meme enthusiasts have already registered on the platform as the token sets 100k members by the time the KANG token launches. 
Similarly, the KangaMoon platform also integrates the GameFi feature in its ecosystem, thereby enabling gamers to earn income while engaging in play-to-earn gaming adventures. Here,&nbsp; gamers can gain access to exclusive NFTs and crypto content while building alliances with other gamers on the platform. Overall, KangaMoon encompasses the best features of GameFi, SocialFi, and an investment opportunity on its platform. 
<h2 dir="ltr" id="span-ethereum-s-etf-approval-sets-altcoin-on-path-to-rally-span">Ethereum’s ETF Approval Sets Altcoin on Path to Rally</h2> 
After Bitcoin's ETF approval, Ethereum (ETH) looks naturally next in line to get a spot ETF approval, given that the altcoin’s status is the second most valuable crypto by market capitalization. Notably, the ETF approval clears the air in the ongoing debate by the SEC on whether Ethereum is a security or a commodity, as the approval effectively settles the matter that ether is a commodity. 
Meanwhile, Ethereum has had a hugely bullish momentum in the past month, rising within the touching distance of its <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener">all-time price peak</a> of $4,891. Since February, Ethereum's price has maintained support above the $3,000 mark. With the recent ETF approval, Ethereum is on course to trigger an extended uptrend, which could see it set a new all-time high record. 
The rising activity of Ethereum's trading volume also underscores the token's bullish potential. Overall, Ethereum represents one of the best altcoins to buy now for future gains. 
<h2 dir="ltr" id="span-favorable-market-dynamics-to-see-xrp-record-an-uptrend-span">Favorable Market Dynamics to See XRP Record an Uptrend&nbsp;</h2> 
XRP is entering its defining months as the SEC ruling draws closer than ever. Meanwhile, the XRP token has had positive development following the reopening of XRP trading in New York on the Coinbase platform. This development is a positive omen ahead of the court ruling between the SEC and XRP on the case of whether the token is a security or a commodity.&nbsp; 
If the final court hearing rules in favor of XRP, there's a high likelihood of the token surging to a significant uptrend. As such, investors may want to buy the XRP token in anticipation of a positive outcome of the case. Meanwhile, a look into the <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener">market stats</a> shows that the XRP price has gained about 4% in value within the past month. Overall, the token is in good stead to trigger a rally in the coming weeks. 
<h2 dir="ltr" id="span-positive-momentum-sweeps-render-ahead-of-potential-price-surge-span">Positive Momentum Sweeps Render Ahead of Potential Price Surge&nbsp;</h2> 
The price trajectory of the Render (RNDR) token has been on a consistent uptrend since the start of 2024. For context, Render's price since the start of the year has recorded over 127% gains. Also, the price of Render has been able to <a href="https://coinmarketcap.com/currencies/render/" target="_blank" rel="noopener">establish support</a> above the $10 mark in the course of its bullish sentiment. Notably, Render even established a new all-time high at $13 in March to show how massive the token's potential has been in 2024. 
Meanwhile, Render's market cap is looking to cement its valuation above the $4 billion mark and into the top 30 cryptocurrencies in the market. With the rising momentum of the token's trading volume, there's a strong indication of more rallying signal. Overall, Render strong bullish potential makes it one of the best altcoins to buy now ahead of the upcoming altcoin season.&nbsp; 
<h2 dir="ltr" id="span-looking-for-a-coin-to-hodl-for-the-long-term-consider-filecoin-span">Looking for a Coin to HODL for the Long Term? Consider Filecoin</h2> 
Filecoin (FIL) has imposed itself as a strong protocol in the area of decentralized storage systems. With Filecoin, individuals and companies are elevated from the issues arising with Cloud storage systems. Filecoin is open-source and decentralized, effectively putting the running of the protocol in the hands of the community.&nbsp; 
With the increasing adoption of decentralized storage systems over cloud storage, the price of Filecoin has seen a steady uptrend. Notably, the FIL native token, which is used for transactions on the decentralized network, will be worth significantly more in the coming months, given the upcoming altcoin season and the recent Ethereum ETF approval. Currently, Filecoin's price is trading around the $6 mark. However, there's a strong indication that it could rally to $20 in the coming weeks. 
<h2 dir="ltr" id="span-conclusion-span">Conclusion&nbsp;</h2> 
With the recent approval of eight spot Ether ETFs, the future looks bright for top altcoins. Meanwhile, to gain from the positive wave that the current Ethereum ETF will bring, buy the above altcoins and HODL. Notable analysts believe that the altcoins will witness massive rallies in the coming weeks. With KangaMoon's goal of opening up the billion-dollar NFT market, now might be the best time to buy KANG before its listing.&nbsp; 
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! 
Website:<a href="https://kangamoon.com/" target="_blank" rel="noopener"> https://Kangamoon.com/</a> 
Join Our Telegram Community:<a href="https://t.me/kangamoonofficial" target="_blank" rel="noopener"> https://t.me/Kangamoonofficial</a>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-investment-firm-founder-projects-ethereum-to-hit-4-5k-here-are-5-top-altcoins-that-could-join-the-bullish-rush-tbt91222.html">https://thebittimes.com/crypto-investment-firm-founder-projects-ethereum-to-hit-4-5k-here-are-5-top-altcoins-that-could-join-the-bullish-rush-tbt91222.html</a>

Crypto Investment Firm Founder Projects Ethereum To Hit $4.5K — Here Are 5 Top Altcoins That Could Join the Bullish Rush

Table of Contents

TheBitTimes

Other articles published on Jun 4, 2024

Brett Crypto Analysis, BRETT Rises 12.7% And Surpassed 1 Bn Marketcap.

Polkadot Price Forecast: Can DOT Stay Above $7? Potential Rivals Stacks (STX) and Rollblock (RBLK)

Deutsche Bank Enters Crypto Waters, Partners with Bitpanda for German Expansion

Breaking: Thailand Joins Global Trend with Approval of First Spot Bitcoin ETF

Why Fintopio Is Your Ultimate Choice for a Non-Custodial Wallet on Telegram

Roaring Kitty’s $300M GME position sparks market manipulation claims

Join our free newsletter for daily crypto updates!