Frenzy

Spot

Pyth Network

<img src="https://cdn.thebittimes.com/images/2024/05/24/1716561737.webp" width="800" height="534" alt="">
Anticipation is growing for SEC’ potential approval of a Spot Ethereum ETF, and as a result speculation is growing wildly. The cryptocurrency market is currently thriving, and while ETH has seen an upswing in value, <a href="https://x.com/_D_Y_A_N/status/1792817019899019584" target="_blank" rel="noopener noreferrer nofollow">Matrixport co-founder suggests Solana</a> could experience similar momentum. Specifically, the launch of the spot BTC ETF in the US led to a 12% increase in the ETH/BTC trading pair. However, Solana is the next prime candidate that can potentially benefit from Ethereum’s anticipated success.
As a result, today we will go over key cryptocurrencies that can also benefit from this change, some of which are even based on top of the Solana blockchain. We will go over KangaMoon (KANG), Render (RNDR), Wormhole (W), and Pyth Network (PYTH), and by the end, we will determine which one has the highest upswing potential.&nbsp;
<h2 dir="ltr" id="span-best-five-altcoins-that-should-be-a-part-of-anyone-s-portfolio-during-the-etf-frenzy-span">Best Five Altcoins That Should Be a Part of Anyone’s Portfolio During the ETF Frenzy</h2>
We will take an in-depth look at the on-chart data and latest updates behind each one of these altcoins to see which one can reach the highest value point during the ETF frenzy.
<ol>
 <li dir="ltr" aria-level="1"><h3 dir="ltr" role="presentation" id="span-kangamoon-kang-rises-400-and-becomes-one-of-the-span-span-top-altcoins-span-span-for-diversification-span">KangaMoon (KANG) Rises 400% and Becomes One of the Top Altcoins for Diversification</h3></li>
</ol>
KangaMoon (<a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">KANG</a>) breaks the mold of traditional cryptocurrencies by offering a unique blend of Play-to-Earn (P2E) features, Social-Fi elements, which turn its native KANG token into a powerhouse of utility, within an appealing ecosystem with major growth potential.&nbsp;
The ongoing presale has been a major hit among traders as it has attracted over 32,000 users and has raised over $6.9 million in funding. Experts predict this number will climb above $7.5 million by the end of the month. The presale cleverly uses Social-Fi to increase pre-launch social media engagement and build a strong community. In addition, the platform features a dedicated P2E game where players compete in battles and tournaments in order to get even more KANG tokens, enhancing its utility significantly.
The price of the KANG crypto is up an impressive 400% as it recorded a jump from $0.005 to $0.025. The current Bonus Presale offers a limited chance to get KANG at a discounted rate before a potentially massive price rise. With listings on CoinMarketCap and CoinGecko already secured and an upcoming listing on the BitMart centralized exchange (CEX) on the horizon, the KANG token is projected to climb 100x and has become one of the top altcoins for diversification.&nbsp;
<ol start="2">
 <li dir="ltr" aria-level="1"><h3 dir="ltr" role="presentation" id="span-render-rndr-to-spike-as-jules-urbach-introduces-blender-integration-span">Render (RNDR) to Spike As Jules Urbach Introduces Blender Integration</h3></li>
</ol>
Render (RNDR)’s recent growth has been fueled by the consistent expansion of its ecosystem and overall exposure. Just recently, <a href="https://x.com/rendernetwork/status/1793048370459623560" target="_blank" rel="noopener noreferrer nofollow">Founder and CEO Jules Urbach</a>’s BCONLA keynote talk went live, discussing the integration of Blender cycles on Render Network, opening access towards decentralized GPU rendering to millions of Blender users plus next-generation spatial media workflows, which can greatly enhance the Render crypto usage.
In addition, the Render price is at an uptrend and is close towards breaking above the $12 price barrier which can result in further gains. According to the Render price prediction, it can end Q4 of 2024 at $16.23.
<ol start="3">
 <li dir="ltr" aria-level="1"><h3 dir="ltr" role="presentation" id="span-wormhole-w-up-following-wormhole-dao-s-launch-for-a-public-call-for-delegates-span">Wormhole (W) up Following Wormhole DAO’s Launch for a Public Call for Delegates</h3></li>
</ol>
Wormhole (W) has also seen an upswing, as <a href="https://x.com/0xSins/status/1793335846185345287" target="_blank" rel="noopener noreferrer nofollow">Wormhole DAO launched a public call for delegates,</a> which enabled an opportunity towards entry into the multi-chain future. The on-chart data for the Wormhole price also shows a bullish outlook in the long-term, as the crypto has experienced a significant price uptrend.
The Wormhole crypto’s RSI and MACD data both indicate positive metrics, which can result in price gains, assuming it regains bullish attention. According to the Wormhole price prediction, the crypto can end Q4 of 2024 at $0.8327.
<ol start="4">
 <li dir="ltr" aria-level="1"><h3 dir="ltr" role="presentation" id="span-pyth-network-crypto-span-span-up-after-pyth-ecosystem-grants-program-launch-span">Pyth Network Crypto Up After Pyth Ecosystem Grants Program Launch</h3></li>
</ol>
Pyth Network (PYTH) reached a major milestone, as they launched the <a href="https://x.com/PythNetwork/status/1791122050041733153" target="_blank" rel="noopener noreferrer nofollow">Pyth Ecosystem Grants Program</a> with 50 million in PYTH token grants available to eligible community members. Through this program, the ecosystem can expand greatly, but this will also enhance the Pyth Network crypto utility. As a result, the Pyth Network price has been rising on the charts and is closer than before to breaking above $0.60. If this happens, the crypto could see a significant uptrend, as according to the Pyth Network price prediction, it can end Q4 of 2024 at $0.6982, making it one of the best altcoins to invest in.
<ol start="5">
 <li dir="ltr" aria-level="1"><h3 dir="ltr" role="presentation" id="span-jupiter-price-span-span-moves-above-1-how-far-can-it-reach-in-2024-span">Jupiter Price Moves Above $1 – How Far Can It Reach in 2024?</h3></li>
</ol>
Jupiter (JUP) has experienced rapid growth in the charts since it announced the <a href="https://x.com/JupiterExchange/status/1792971740458693020" target="_blank" rel="noopener noreferrer nofollow">Giant Unified Market Initiative</a>. This is an effort through which the project aims to bring all assets into a single atomic market that is accessible to anyone globally and is available on Solana, powered by Jupiter. As a result of this, the Jupiter crypto could see far more usage and demand. The Jupiter price is at an uptrend as it recently broke above $1 and could soon reach new heights. Based on the Jupiter price prediction, it can end Q4 of 2024 at $0.0016.
<h2 dir="ltr" id="span-why-these-cryptocurrencies-can-explode-in-value-during-the-etf-frenzy-span">Why These Cryptocurrencies Can Explode in Value During the ETF Frenzy</h2>
With more cryptocurrencies than ever before being projected for an upcoming Spot ETF introduction and approval, the market is experiencing a frenzy, and a lot of projects are showcasing bullishness on the charts. Out of them, Render, Wormhole, Pyth Network, and Jupiter have all displayed significant price uptrends and at this rate, are poised for more growth. However, KangaMoon has risen 400%, and with its unique Social-Fi elements and P2E ecosystem, it can dominate the charts, and this puts it as one of the best altcoins to invest in.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">https://Kangamoon.com/</a>
Join Our Telegram Community: <a href="https://t.me/kangamoonofficial" target="_blank" rel="noopener noreferrer nofollow">https://t.me/Kangamoonofficial</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/matrixport-exec-bullish-on-spot-solana-etf-potential-top-altcoins-to-accumulate-during-the-etf-frenzy-tbt89591.html">https://thebittimes.com/matrixport-exec-bullish-on-spot-solana-etf-potential-top-altcoins-to-accumulate-during-the-etf-frenzy-tbt89591.html</a>

Matrixport Exec Bullish on Spot Solana ETF Potential: Top Altcoins to Accumulate During the ETF Frenzy

Innehållsförteckning

TheBitTimes

Andra artiklar publicerade 27 maj 2024

Bitcoin Halving Spurs Analyst Insights

Spot Ether ETFs are now officially legal in the US: Law Decoded

Investor Earns $2.7 Million from MAGA Token

Arbitrum Community Supports Proposal to Allocate 200M ARB to Web3 Game Development

Is A Solana ETF Next? KangaMoon Buying Frenzy Continues As KANG Debuts On Coingecko

XRP Healthcare Ceases XRP To XRPH Swap Facility Amid Supply Crunch, What’s Happening?

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!