10 Best Cryptocurrencies to Buy in April

10 Best Cryptocurrencies to Buy in April
фото показано с : coinjournal.net

2022-4-4 02:25

Cryptocurrencies had a relatively successful March even after the Federal Reserve embraced a more hawkish tone and the crisis in Ukraine escalated. The yield curve also inverted, signaling that a recession could be on the way. Here are some of the top cryptocurrencies to buy in April. 

1. Ripple (XRP)

XRP has had a successful past few weeks as its price jumped from the year-to-date low of $0.5482 to a multi-month high of $0.90. The main catalyst for the coin was the ongoing case between the Securities and Exchange Commission (SEC) and Ripple Labs. The two sides had some minor wins in March and there is uncertainty about the outcome of the case.

Analysts expect that the court will deliver its verdict in April. Regardless of what happens, there is a likelihood that XRP will do well. In most situations, such cases tend to end with a settlement or a punishment. Meanwhile, looking at the chart below, XRP remains steady above the 25-day and 50-day moving averages and is attempting to move above the resistance at $0.9153. If this happens, it will be a signal that bulls have prevailed.

Buy {XRP} here! > 2. Cardano (ADA)

Cardano has been an embattled cryptocurrency as investors worried about its ecosystem. The main concern was that many developers were not embracing the network to build decentralized applications. 

This changed in March as the number of active platforms in its ecosystem rose. The most successful one was MinSwap, a decentralized exchange. According to DeFi Llama, its total value locked (TVL) jumped to over $200 million. The TVL of Cardano’s ecosystem also rose to $338 million. 

Therefore, the strength of its ecosystem and the fact that many investors felt that Cardano was undervalued helped it to do well in March. This trend will likely continue in April now that the 25-day and 50-day moving averages have made a bullish crossover.

Buy {ADA} here! > 3. Ethereum (ETH)

Ethereum also had a successful March as the developers pushed the new version of the network to a testnet in the kiln network. Also, the platform received praise from central banks in South Africa and Australia. 

Therefore, Ethereum price will be in the spotlight in April this year as investors wait for the merge when the two versions will be combined. This merge will usher in a new era where Ethereum will be much faster and its cost significantly cheaper. 

Technicals are also supportive of ETH. In the daily chart, the coin managed to move above the upper side of the triangle pattern while the 25-day and 50-day EMAs made a crossover. It also crossed the psychological level of $3,000.

Buy {ETH} here! > 4. Avalanche (AVAX)

Avalanche, like other altcoins, also had a successful March as its price rose to the highest level since February 16th. The performance was driven by the overall expansion of its network. For example, the total value locked (TVL) in its DeFi ecosystem rose to over $10 billion, making it the fourth-biggest platform in the world.

Avalanche’s network growth is mostly because of the quality of the network and the multi-million dollar rush program. In March, the developers unveiled another $250 million program targeting the metaverse industry. This being the largest such fund, there is a likelihood that more developers will embrace it. 

The AVAX token is approaching the important resistance at $99.01, which was the highest level in February. A move above this price will see the coin rising above the next psychological level of $100.

Buy {AVAX} here! > 5. Cronos (CRO)

Cronos, formerly known as Crypto.com Coin, is one of the fastest-growing cryptocurrencies in the world. While the CRO token has been around for a while, the network’s mainnet went live in February and has become incredibly successful. 

According to DeFi Llama, the network has a total value locked (TVL) of over $3.6 billion, making it the 9th biggest platform in the industry. Some of the most active DeFi apps in its ecosystem are VVS Finance, MM Finance, and Tectonic among others. Therefore, there is a likelihood that the network will continue expanding in April.

Technically, it has moved above the Ichimoku cloud while the 25-day and 50-day EMAs have made a bullish crossover, which is a bullish factor.

Buy {CRO} here! > 6. VeChain (VET)

VeChain was once one of the most popular cryptocurrencies in the world. This changed after China started its crackdown of digital currencies. There was also a lack of clarity about what VeChain does and its ecosystem.

VET rebounded in March as investors rushed to the so-called fallen angels. It also rose after the developers launched the VEUSD stablecoin and other tools. Because of its former popularity and the fact that technicals are supportive, there is a likelihood that it will keep rising. It has already found a strong support at $0.042, moved above the moving averages, and the 23.6% Fibonacci retracement level.

Buy {VET} here! > 7. Monero (XMR)

Monero is a leading privacy-focused cryptocurrency valued at over $3.987 billion. The coin also performed well in March as investors priced-in more demand because of cybercrime. While no major hack happened in March, the Biden administration has warned that Russia was planning major attacks. 

Therefore, there is a likelihood that such an attack will happen in April and that hackers will demand Monero, which is a safer alternative to Bitcoin. Also, the fact that XMR is undervalued is a good catalyst. 

From a technical perspective, it is above the 38.2% Fibonacci retracement level while moving averages are also supportive.

Buy {XMR} here! > 8. Velas (VLX)

Velas is a layer 1 project that seeks to become a better alternative to Ethereum. It is a relatively small platform but analysts believe it will gain traction in the coming months. The VLX token had a relatively positive month in March as the new Formula 1 season started. This was a notable thing since Velas is one of the biggest Ferrari sponsors and the team is currently leading. Therefore, VLX could gain more traction as the season continues.

Velas seems undervalued while its price has also crossed the 25-day and 50-day moving averages, which is a bullish catalyst.

Buy {VLX} here! > 9. Near Protocol (NEAR)

Near Protocol is a blockchain project that is gaining a strong market share in the smart contract industry. According to DeFi Llama, the network has a TVL of over $203 million, which is an all-time high. Some of the projects in its network are Ref Finance and Meta Pool among others. 

Near is a good cryptocurrency to invest in in April because of the growth of its ecosystem and the fact that the developers are transitioning it to a fully sharded network. More progress is expected in April. It has also moved above the moving averages and is approaching a key resistance at $13.97. A move above that level will lead to more upside.

Buy {NEAR} here! > 10. Synthetix Network (SNX) 

Synthetix Network is an Australian blockchain network in the DeFi industry. It helps anyone to build their synthetic assets known as synths. The coin’s price did well as investors bought formerly hot coins. It has moved above the 25-day and 50-day MAs and is nearing the key resistance level at $6.08. It has also formed an inverted head and shoulders pattern. Therefore, there is a likelihood that it will keep doing well in April.

Buy {SNX} here! >

The post 10 Best Cryptocurrencies to Buy in April appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

BestChain (BEST) на Currencies.ru

$ 0.00193006 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 999999
Доступно / Всего 0 BEST

cryptocurrencies april best buy journal coin successful

cryptocurrencies april → Результатов: 126


Фото:

On April 20-21 the 8th International Forum on Blockchain, Cryptocurrencies and Mining – Blockchain Life 2022 – in Moscow

The forum brings together more than 5,000 participants and 100 booths.   Among the forum’s guests are both industry professionals and those just starting their journey: traders, miners, entrepreneurs from crypto and classic businesses, investors, blockchain developers, government representatives, and many others.

2022-1-28 09:00


On April 20-21 the 8th International Forum on Blockchain, Cryptocurrencies and Mining – Blockchain Life 2022 – in Moscow.

The forum brings together more than 5,000 participants and 100 booths.   Among the forum’s guests are both industry professionals and those just starting their journey: traders, miners, entrepreneurs from crypto and classic businesses, investors, blockchain developers, government representatives, and many others.

2021-12-22 01:37


Фото:

Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets

The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws.

2021-7-25 21:00


Crypto Investors Are More Likely to be “Living with Parents,” Than Be Homeowners: Survey

The number of people who have invested in cryptocurrencies has risen from 9% at the beginning of the year to 17%, based on 5,098 responses in the first two weeks of July as per CivicScience, which first started tracking consumer attitudes towards crypto in April, as digital currencies continue to become more mainstream.

2021-7-22 16:26


Altcoins To Watch: TLM, FTM, NEO

Coinspeaker Altcoins To Watch: TLM, FTM, NEO There are many drivers which supported the recent bullish run of cryptocurrencies. Many indicators which we got used to indicated the bullish run mid April, however we owe today's bullish continuation to none other than Mrs Yellen - the US Treasury Secretary. Altcoins To Watch: TLM, FTM, NEO

2021-5-6 21:22


Фото:

Digital Money 2025: What You Could Spend, Where You Could Invest, and How You Could Borrow?

Cryptocurrencies have been on an incredible trajectory over the past 12 months, with the total market capitalization growing from $198 billion in April 2020 to more than $2 trillion today. This meteoric rise is coupled with increasing adoption from consumers driven by major announcements from household names, such as Square, Visa, and PayPal, which now […]

2021-4-21 16:10


The Pandemic Is Accelerating the Use of Cryptocurrencies to Launder Money, says, Officials

Bitcoin yet again led to a criminal's capture, a suspected human trafficker Ignacio Santoyo in April 2019 in the Caribbean resort of Playa del Carmen. The Mexican police officials said the prostitution act that extended across Latin America was busted not by the 2,000 women that Satoyo alleged blackmailed and sexually exploited but the cryptocurrency […] The post The Pandemic Is Accelerating the Use of Cryptocurrencies to Launder Money, says, Officials first appeared on BitcoinExchangeGuide.

2020-12-9 23:54


Crypto Ratings Council May Rate Tron (TRX), Polkadot (DOT), and Nervos (CKB) Token As Securities: Unofficial Report

In an unofficial report from CRC in April, obtained by TheBlock, Tron (TRX) ranks among the most likely cryptocurrencies to be deemed a security alongside DOT and Nervos’ CKB token. The Crypto Rating Council is a group of cryptocurrency communities and projects that come together to weigh the digital assets on the “Howey Test” scale […]

2020-6-3 17:42


Фото:

Crypto Price Analysis April 20: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

The Bitcoin price has been decreasing since April 19, when it reached a high of $7,293. The next day, a sharp drop followed in which BTC lost almost $200 in only two hours. Ahead of the third halving, which is projected to occur on May 12, institutional investors have been showing increased interest in cryptocurrencies, […] The post Crypto Price Analysis April 20: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

2020-4-21 01:15