Top 10 Altcoins To Invest In April 2022
If you're searching for altcoins to buy this year, keep in mind that the 5,000 percent growth we experienced in 2021 may not repeat itself. We are currently living in a very different economic climate. For a variety of reasons, investors are shunning riskier assets like bitcoin, and it's uncertain how long it will take for the market to recover. Despite this, there are several Altcoins with promising returns.
With so many digital currencies in circulation, picking the finest cryptocurrencies for your portfolio is a difficult task. You'll also need to find the most cost-effective altcoin exchange. You'll need to look into crucial variables including the project's aims, past price activity, current market capitalization, and more. As a result, this Cryptoknowmics’ Altcoin list you should read on to. With this in mind, the sections below provide a comprehensive review of the best Altcoins to invest in April for the year 2022.
Top 10 Altcoins For April 2022
Even with the latest dip in early 2022, the cryptocurrency sector has a market valuation of over $1.5 trillion. For those who purchase the dip moving into the 2024 Bitcoin halving, which should raise the price of all altcoins, there's still room for growth and potentially a solid investment opportunity. How do you make money in the market? Which Altcoin will be the best option for it? What will be the best option for Altcoins for this month?
This list will answer it all! Let’s get going.
Note: Altcoins are not given in any particular order, and the price and market cap of all the tokens are as per the research done for the article.
The coin is trading at $3086, with a global market cap of $371 billion. Ethereum is a favorite of programmers because of its potential applications, such as smart contracts that run automatically when conditions are satisfied and non-fungible tokens. Ethereum is both a cryptocurrency and a blockchain platform (NFTs). Ethereum has also exploded in popularity. Its price increased by more than 31,000% from April 2016 to the beginning of April 2022, from around $11 to over $3,450.
For years, Ethereum developers have promised a major upgrade that will, among other things, drastically reduce the blockchain's energy consumption and make it more environmentally friendly. Developers began testing for the upgrade on Monday, stating that it went well despite some "small difficulties."
The test was a dress rehearsal for the "merge," which intends to drastically change how blockchain transactions are confirmed.
The exact date of the genuine integration has yet to be determined. Developers will have a better idea of when it might happen after the next test, which is scheduled for April 22. Tim Beiko, an Ethereum engineer, expects that the merger will take place around July, though he cautions that this is only a "rough estimate." Therefore with so much coming up this month, look out for the second-largest cryptocurrency.
The coin is trading at $103, with a market cap of $33 billion. Solana is a cryptocurrency that was created to fuel decentralized finance (DeFi), decentralized apps (DApps), and smart contracts. It uses a hybrid proof-of-stake and proof-of-history mechanism to conduct transactions rapidly and securely. The platform is powered by SOL, Solana's native cryptocurrency. SOL's price was $0.77 when it was first introduced in 2020. Its value had risen to about $136 by April 1, 2022, an increase of more than 17,500%.
Solana is being used to build UXD Protocol, the world's first decentralized stablecoin. The protocol aims to create a capital-efficient stablecoin that will set a new benchmark in the Solana ecosystem for trust and usability.
Solana is often touted as an Ethereum Killer, along with several other cryptocurrencies. As a result, many market analysts predict Solana may eventually overtake Ethereum as the most popular smart contract platform. The key reason for this is that the Solana blockchain is significantly faster, scalable, and has lower costs.
Ethereum, for example, can only handle an average of 16 transactions per second in its current state. The Solana blockchain, on the other hand, is said to be capable of processing over 65,000 transactions per second.
The coin is trading at $2.83, with a market cap of $3 billion. In a word, this project focuses on the Metaverse, which allows people from all over the world to interact and network while exploring the Sandbox ecology.
Users can design and personalize their character in the Sandbox Metaverse, which can then be used to compete in games to earn prizes. This implies that users can earn SAND, the platform's in-game currency, by completing certain tasks. We also enjoy the Sandbox because it contains a large number of NFTs.
Apart from this, the SAND ecosystem has grown a lot and has many upcoming projects. For example, Ledger, a French cryptocurrency hardware wallet manufacturer, has partnered with The Sandbox, an Ethereum-powered play-to-earn (P2E) game, to promote crypto education in the metaverse.
According to reports, Ian Rogers, Ledger's chief experience officer, first announced the alliance at the Non-Fungible Conference on April 4. The alliance, according to Rogers, aims to improve The Sandbox's security and teach its users about cryptocurrency.
As part of the agreement, $SAND users will receive personalized Ledger Nano hardware wallets, according to Rogers.
The coin is trading at $2.20, with a market cap of $4 billion. The coin has been in the news recently for all good reasons. Decentraland is a 3D virtual reality platform that uses blockchain technology to allow gamers and content creators to fully express themselves in the metaverse.
Decentraland has collaborated with CryptoArt to present the Live-Contact Real-Time -Trigger Future. The exhibition is facilitated by the original DEMO of Jie Zhang's music single and is referred to as a 'hyperspace' association. CryptoArt is dedicated to breaking down existing art barriers and empowering artists to fully immerse themselves in the metaverse and go public virtually.
MANA is also called the best Metaverse crypto. If you're interested in the future of Metaverse coins, you might have liked the Sandbox – which we discussed above. Having said that, Decentraland is also one of the best altcoins to buy in April 2022 if you want to gain exposure to this niche marketplace.
This extremely popular project, which was founded in 2017, is now used by thousands of people daily. These figures continue to rise, and perhaps most importantly, so do the number of transactions taking place in the Decentraland ecosystem. Decentraland, in particular, has facilitated some massive digital real estate trades in recent months.
The coin is trading at $18.09, with a global market cap of $17 billion. The relay chain, bridge chain, and para chain are the three types of blockchains that run on the Polkadot network.The relay chain is the main network that allows it to interact with other blockchains and process transactions at a rate of over 1000 per second. The native token of Polkadot, DOT, is critical to the network's upkeep and operation.
The price of DOT has climbed by 20% since the end of March, hitting its optimistic target of $26, even though the price has come down from that now. Wormhole bridge to Ethereum and Solana will be launched on March 30 by Polkadot. On March 30, one of Polkadot Defi's ventures, Astra Network, reached a total worth of one billion dollars.
Polkadot is a potential multi-chain platform that is both user and developer-friendly, and it should be on your radar. Furthermore, developers may prefer Polkadot to Ethereum because it does not need them to implement their security procedures. Putting in place such security measures could render it exposed to hackers and attacks in the early stages of the project.
The coin is trading at $2.11, with a global market cap of $512 million. Because of the growing interest in virtual reality and digital worlds, metaverse tokens have become increasingly popular. Many of these tokens are digital currencies that can be used in the metaverse, however, Render Token is an exception.
Render is a GPU rendering network that is decentralized. It's intended to connect digital innovators, such as artists and studios, with partners who are prepared to rent out their unused GPU computing power. Render tokens are used by digital creators to compensate GPU providers.
It's also worth noting that Render was listed on Coinbase Global, one of the most popular cryptocurrency exchanges, in February. When a cryptocurrency becomes listed on Coinbase, it becomes available to a much larger pool of possible purchasers. It reached its all-time high of $8.76 on November 21, 2021.
The coin is trading at $86.05 with a global market cap of $30 billion. Terra is a stablecoin blockchain payment network that works by maintaining a balance between two types of cryptocurrencies. TerraUSD and other terra-backed stablecoins are linked to the value of actual currencies. Luna, their counterbalance, is used to power the Terra platform and manufacture new Terra stablecoins. Luna has gained 16,400% in price from $0.64 on Jan. 3, 2021, to $106 at the beginning of April 2022.
Staking Terra's UST stablecoin is now possible on Binance, the world's largest cryptocurrency exchange. Earnings of up to 19.63% annual percentage yield are achievable (APY). The bitcoin exchange has stated that DeFi staking will be available in August 2020. Initially, it allowed users to stake Dai, the MakerDAO platform's native stablecoin.
Staking allows users to earn passive income by entrusting their digital assets to a smart contract. According to reports, LUNA managed to reach a new all-time high of $119.18. And around this time, LUNA, surpassed Solana (SOL) to become the sixth-largest crypto token by market capitalization. As DeFi adoption increased, LUNA likewise set a new high. However, it has shown bear momentum after that and now is the 9th largest crypto. Whatever, maybe its rank is, the token is expected to show even better performance this month.
The coin is trading at $8.26, with a global market cap of $2 billion. In March, CAKE, the native token of PancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain, rose by as much as 27%. This follows PancakeSwap's announcement of a cooperation with Binance, the world's largest cryptocurrency exchange.
Before the news, the token was trading at roughly $5.50 and had risen to $7.00. The coin was selling at roughly $6.40 within 24 hours of the announcement.
The quantity of recognition from individuals and exchanges has a significant impact on the price of PancakeSwap (CAKE). As a result, it may result in positive growth in the next few years. The price of CAKE, on the other hand, maybe influenced by the general price movement of Bitcoin.
And as per the predictions are concerned, they too, are bullish. CAKE had a bullish trend throughout 2021, having begun late last year, and will continue to ride news waves into 2022. According to PancakeSwap, an increase in the price of CAKE might be witnessed between 2022 and 2023, leading it to a higher peak projected at $11.5, followed by a probable drop by October 2022. The average cost would be $10.8, with a maximum cost of $11.5.
The token is trading at $3.18, with a market cap of $3 billion. Theta Network (THETA) is a blockchain-focused on media and entertainment to lower content delivery network expenses for the online video business. It incentivizes consumers to share their storage or bandwidth across multiple devices. One of Theta Network's potential use cases, according to the company, is a web3 counterpart of a streaming service like Netflix (NFLX), which would leverage Theta Network's solutions to reduce the costs of video encoding, storage, and delivery to numerous devices.
For most of this year, THETA's price has been fluctuating between $2.50 and $4.25. Because the price has remained over the important $3.50 level, traders have maintained their positions. A breach below $3.80, on the other hand, may see THETA drop to around $2.7.
In the short term, the 20-day EMA at $3.54 could act as critical support for the cryptocurrency. However, the RSI for THETA returned to the overbought zone, indicating that the market is now under selling pressure. Therefore, watch out for this token this month, as it will be crucial
The coin is trading at $1.42, with a market cap of $11 billion. On Tuesday, the Polygon (MATIC) cryptocurrency drew a lot of attention. The MATIC token's price increased by more than 4%, while its volume increased by more than 34%. The MATIC cryptocurrency has recently been added to Robinhood's crypto-focused trading platform. The entire circulating supply is 7.81 billion, with a maximum supply of 10 billion. In the previous 12 months, it has gained 242.17%, and in the last 30 days, it has gained 3.03%.
Polygon is an Ethereum layer-two scaling solution. The platform intends to emphasize the best features of the Ethereum blockchain while also addressing issues with Ethereum-compatible blockchains. Polygon is one of the finest cryptocurrencies to buy/invest in because of its price scalability potential due to its multiple use cases.
Polygon Studios is collaborating with eDAO to bring the entertainment and media business into the world of web3 and NFTs. eDAO is a fan club for musicians, athletes, and celebrities. Therefore, a lot more projects are waiting for the crypto in the upcoming days, therefore, keep an eye on this for this month.
Conclusion
The crypto world is full of chances; all you have to do is know how to spot them. That, of course, necessitates extensive investigation and familiarity with each of the tokens under consideration. Above, we've listed the coins and tokens that we believe have the most potential to skyrocket in the next few months. While this is no guarantee that it will happen, it might serve as a starting point for your investigation. Examine each one to verify if your expectations match ours, and then proceed.