Top 5 Cryptocurrencies Possible to Rise in April

Last week has been turbulent for the cryptocurrency market, and we'll take a look at some of the best cryptocurrencies to watch in April, with March ending just a few days away. Crypto Potato has the best 5 crptocurrencies. The past seven days have been pretty fast in the crptocurrency market and fortunately have done well. Although Thursday lost nearly $1oo million when the price of Bitcoin fell to $50,000, its total market cap is now roughly the same as it was a week ago. That said, we'll take a look at the top 5 crptocurrencies to keep track of for a few weeks.

Bitcoin (BTC)
It goes without saying that wherever Bitcoin goes,the market also follows. While the rate is not even, BTC has set the direction of the market for most of the current bull run. Last week, we saw a big announcement from Tesla. The giant electric vehicle manufacturer announced that users can now pay for Tesla with BTC. Elon Musk tweeted this, and as a result, the market soared. Unfortunately, the rally was unsustainable and soon BTC dropped to about $50,000. This is the level at which Bitcoin started to rise as it found solid support. BTC climbed above the initial serious resistance of $55,000 and looks set to surpass $57,700 after that. If successful, we can expect it to test the targeted $60,000 level and the next ATH around the $62,000 level.

Cardano (ADA)
The next option on the list of cryptocurrencies to watch is Cardano's ADA. The cryptocurrency has been one of the best performers in the past two months. Now, many claim that the ADA's increase is purely speculative, as Cardano does not yet have smart contract capabilities. Cardano founder Charles Hoskinson has undertaken to refute the argument that Cardano lacks grounds, summarizing the numerous partnerships they already have and the solid, peer-reviewed basis of the protocol. It also set up a timeline for a test network that would allow users to create and deploy smart contracts in Cardano. Considering all of the above, the price is exactly where it was a week ago. Although it fell to $1.06 recently, it recovered quickly and decisively. In the past few days, the ADA has become somewhat solid and everyone eagerly awaits the direction of the next rupture.

Binance Coin (BNB)
Binance Coin has become a lead actor, rising to $350 this year, showing absolutely impressive gains. Over the past few weeks, the cryptocurrency has traded in a range between $290 and $240. With one exception that took place this Thursday, this has been the overall course of the BNB so far.
But according to any historical indicator, cryptocurrencies do not really like to trade in a certain range for a long time. In other words, an explosion very soon. Also, the first quarterly coin burning event for 2021 is approaching and this could act as a catalyst. The past few months have been particularly volatile, and Binance is likely to generate huge revenues. This means that incineration is most likely important. Reducing the supply of the third largest cryptocurrency by market cap seems like something to keep in mind in the last days of March and early April. Also, Binance Smart Chain does not show any signs of slowing down. Given that BNB is the primary cryptocurrency with, this creates additional demand.

Uniswap (UNI)
Uniswap is the leading decentralized exchange and automated market maker. Tokens, which were airdroped to those who used the exchange last year, are traded at $28 per unit at the time of writing, which means that the 400 UNI most people receive is worth almost $12,000. Over the past seven days, the UNI has lost some of its value and has dropped from about $32. However, on March 24, we took a look at the technical specifications of the long awaited Uniswap v3. V3 is a fundamental update aimed at transforming the DEX into the most flexible and capital-efficient automatic market maker. The target of the Layer 1 Ethereum mainnet launch will be May 5th, with L2 deployment to be made shortly after. This is definitely a major milestone for the project, and it might not be all that surprising that it is beginning to reflect on its overall valuation.

Solana (LEFT)
Solana highlights a scalable blockchain infrastructure that offers lots of transtructure that offers lots of transactions per second and very low transaction fees. People are looking for alternatives compared to Ethereum's very high fees and slow transaction processes, and some are turning to Solana. Perhaps that is why it is one of the trendiest projects in 2021. In terms of price, the local token SOL is one of the best performers in 2021. On January 1, the cryptocurrency traded around $0.55. Its current price is around $18. This provides a total return of almost 3,200%. The cryptocurrency is now showing no signs of slowing down, and with the current enthusiasm around DeFi and NFTs, it's definitely a project worth checking out.

Posted Using LeoFinance ^Beta