FIT21 Bill Passed the US House of Representatives Vote: The Five Best Cryptos to Diversify With for Maximum ROI
The post FIT21 Bill Passed the US House of Representatives Vote: The Five Best Cryptos to Diversify With for Maximum ROI appeared first on Coinpedia Fintech News
FIT21 is a bull which recently passed the U.S. House of Representatives Vote, and gives U.S. Commodity Futures Trading Commission (CFTC) more spot market authority in regards to digital assets considered to be commodities. In addition, it also creates new lines of jurisdiction for the Securities and Exchange Commission (SEC).
As a direct result, crypto companies and digital asset issuers will now have a framework that determines when, and how assets they have quality as securities under the terms that have been defined here, which also enables them to know who the main regulators are. These aspects have sent shockwaves among Web3 circles as cryptocurrencies began to spike in value. Today, we will go over the five most desirable cryptocurrencies post-FIT21 bill approval, including KangaMoon (KANG), Chainlink (LINK), Arbitrum (ARB), Ethena (ETA) and Ondo (ONDO).
Post-FIT21 Bill Approval Cryptos to Get for Maximum Returns in 2024
We will now take an in-depth look at each one of these cryptocurrencies to see which one can surge the most.
KangaMoon Emerges As the Best Cryptocurrency to Buy Now After 400% Uptrend
KangaMoon (KANG) is shaking up the crypto scene through a combination of innovative Play-to-Earn (P2E) features, Social-Fi elements, and massive utility with its native KANG token. This unique mix creates a strong ecosystem that goes beyond the hype of typical cryptos and offers real benefits with the potential for long-term growth.
The KangaMoon blockchain ICO is a hit with traders as over 32,000 users have joined the platform and the presale has raised more than $6,984,443.154. Experts predict this number will reach over $7.5 million by the end of the month. The presale cleverly uses Social-Fi features to encourage people to spread the word on social media before launch and this in-turn builds a solid community base.
This, coupled with the token’s usage in the P2E game, where players win KANG for participating in battles or tournaments, makes KANG an attractive opportunity for diversification. In addition, the KANG price has already skyrocketed by 400%, going from $0.005 to $0.025.
The current Bonus Presale gives anyone the opportunity to get KANG at a discount before a potential 100x price increase. KangaMoon is now listed on CoinMarketCap and CoinGecko, where its price and performance can be tracked more efficiently. It will feature an upcoming listing on the BitMart centralized exchange (CEX). All of these aspects make it poised for significant growth and position it as the best cryptocurrency to buy now.
Chainlink Price Surges 20% – How Far Can It Move in 2024?
Chainlink (LINK) is moving upwards on the charts, especially after they shared the results of a new Smart NAV Industry pilot between the DTCC, Chainlink, and 10 of the world’s largest financial institutions that delivered key mutual fund data on-chain. The post saw over 7 million views, indicating massive interest in the Chainlink crypto.
As for the Chainlink price performance, it’s up 20% on the weekly chart and is closer than before towards breaking the $20 price barrier. If it does so, it can reach significant heights as according to the Chainlink price prediction it can end Q4 of 2024 at $24.16, making it the best cryptocurrency to invest in.
Arbitrum Crypto at an Uptrend – Can It Move Above $1.70?
Arbitrum (ARB) is also making significant waves as they recently announced that Farcaster integrated its community onto their platform. Then, the Arbitrum crypto saw heightened appeal as they hosted a buildathon for developers for the creation of Frames on Arbitrum with rewards.
The Arbitrum price spiked 20% in the past week and is nearing the $1.3 price barrier. If it passes it, it is poised to see far more significant gains as, based on the Arbitrum price prediction, it can end Q4 of 2024 at $1.71.
Ethena Surges Following Revolut Integration
Ethena (ETA) became available on the Revolut application and as a result, saw a major spike in its value. Users in the EU and eligible countries are now able to trade the Ethena crypto in the application, placing ETA as the best cryptocurrency to invest in.
During the past week, the Ethena price surged 18% and is closer than before towards breaking past $1. The RSI and MACD data both showcase bullishness, indicative of a future uptrend. According to the Ethena price prediction, it can end Q4 of 2024 at $1.21.
Ondo Reaches Major Milestone and Can Climb to $1.32 by Q4
Ondo (ONDO) is also at an uptrend as Ondo Finance announced 24/7/365 minting and redeeming for OUSG earlier this month. As a result, the Ondo price spiked 19%, and the team even launched a new form of OUSG and rOUSG, with a constant $1 per share mint/redeem price.
Now, the ecosystem can see a major increase in usage, and the Ondo crypto utility will rocket as a result. These bullish aspects position it as a dominant force in the industry and according to the Ondo price prediction it can end Q4 of 2024 at $1.32.
Why These Are the Best Cryptos to Get Following the Approval of FIT21?
It’s clear that the FIT21 bill approval can have a major impact on the broader crypto space, and now traders are moving their balance around and diversifying their holdings with cryptos that have massive upswing potential.
We looked at Chainlink, Arbitrum, Ethena, and Ondo, all of which are up on the charts and can see a major future price uptrend as well. However, the most growth has been seen with KangaMoon as it has risen 400%, and following its future major exchange listings, it can climb 100x, making it a solid opportunity for diversification.