The cryptocurrency market is flourishing and buzzing with new token launches. With the ongoing bull phase, the majority of the altcoins have touched new price thresholds, injecting new energy and hopes within the crypto community system.
However, with such a wide range of cryptocurrency tokens in the mix, it can be particularly hard to dissect and pick the ones that can disseminate maximum profits. Here are our top three crypto coin picks for users to avail maximum profits in April.
Also Read: Cryptocurrency: Three Altcoins Set to Increase 10X Post-Bitcoin Halving
What’s In Store For April: Altcoins Version
April is crucial for altcoins in many ways. Primarily, the month will be testing multiple crypto tokens in terms of valuation and steadiness through Bitcoin Halving.
The event of Bitcoin Halving is set to affect Bitcoin, which in turn will create a ripple effect for the entire crypto ecosystem. Halving will ensure Bitcoin’s scarcity remains intact by slashing the miner’s rewards in half. This in turn will reduce the number of BTC produced, keeping its valuation and element of rarity in check.
With halving, major altcoins can experience a surge in activity as attention from Bitcoin can shift towards more stable crypto tokens. Altcoins can document notable price surges and hikes, leading them to touch new price thresholds.
Also Read: Live Bitcoin Halving Countdown
Top Three Crypto Coins to Watch Out In April For Maximum Profits
Cryptocurrency #1: Solana
Solana has recently been topping all charts and is leading the crypto coin race. According to CoinMarketCap, Solana is up 40% in the last month, with a promising price record. The SOL ecosystem is awaiting new token launches in April, which can further drive its price.
Per CoinCodex, Solana is poised to gain 40% by April 10, 2024.
“The Solana price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Solana projections, SOL will be changing hands at $279.63 on April 10, 2024, gaining 49.16% in the process.”
Similarly, the platform predicts Solana to gain 151%, with a price threshold of $472 by April 26.
Cryptocurrency #2: Litecoin
Litecoin is another stellar crypto coin that has quietly been ascending to new price highs. According to Santiment, Litecoin has noted an 8.9% surge in the last 24 hours.
“Litecoin (+8.9%) is well ahead of the #altcoin pack in the past 24 hours, powered by significantly higher transaction volume than usual throughout the past month. More importantly, the average of LTC investments is getting younger, indicating whales are moving more coins back into circulation.”. Santiment shared
Per CoinCodex, Litecoin is poised to gain an additional 7% in April–May 2024.
“According to our current Litecoin price prediction, the price of Litecoin is predicted to rise by 7.40% and reach $108.72 by May 3, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 71 (greed). Litecoin recorded 18/30 (60%) green days with 7.39% price volatility over the last 30 days.”
Furthermore, the platform predicts that Litecoin can undergo a 0.7% spike by April 10, which will catch pace post-Bitcoin halving. Litecoin may trade at a price level of $103 by April 25, giving the token a much-needed boost.
Cryptocurrency #3: Chainlink
Chainlink is also a leading altcoin, gaining steady market momentum this bull season. According to CoinMarketCap, LINK is exchanging hands at $18, up 0.40% in the last 24 hours. The token is also trending, with its chart showing a positive uptrend coming soon.
Per Coincodex, Chainlink may soon encounter a new surge this April. The token may surge 20% this April, hovering at a price level of $20–$21.
Also Read: Cryptocurrency: Top 3 Altcoins That May Surge 50%–100% Post Bitcoin Halving
“According to our current Chainlink price prediction, the price of Chainlink is predicted to rise by 21.64% and reach $22.08 by May 3, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 71 (greed). Chainlink recorded 14/30 (47%) green days with 5.16% price volatility over the last 30 days.”
These altcoins are in an affordable range and poised to accumulate steady returns. However, the crypto market is known for its high volatility. Hence, users must practice conscious discretion while dealing with crypto tokens and coins.