The market is a bit shaky today, and there are many questions asked if these coins are worth buying when moving into the month of April.
Lark Davis, an expert in crypto, has highlighted the list of top 6 altcoins to keep an eye on and buy in April, giving his audience a huge picture of the market and helping them make the right decisions.
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.
Cardano Whales are on a buying spree seeing an increase a significant increase in network activity, potentially signaling a big rise in institutional demand for Cardano.
Lots of things have been happening in the Cardano ecosystem recently, with lots of new applications launching. We had launched a few big decentralized exchanges like SundaeSwap (SUNDAE), but lots of stuff’s been happening since then.
This new surge of interest in Cardona was two very interesting things. The first is Milkomeda, a layer to roll up protocol bringing Ethereum Virtual Machine capabilities to non-Ethereum Virtual Machine blockchains launching on Cardano.
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This really helps all of the uh ethereum virtual machine compatible smart contracts, which is most smart contracts on most blockchains right now easily access the Cardano infrastructure. It is driving a bit of excitement for people into the Cardano space.
The advancements continue to come through with Hydra. We will see that coming out Hydra is a more native Cardano layer to scaling solution that will allow for the different stake pools to basically bring in massive scalability for Cardano.
Binance Coin (BNB)
The second altcoin on the list is Binance Coin (BNB). Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.
BNB tokens have been a pretty strong performer overall, it is the gas of the BSC Network also the juice of the Binance exchange.
They have just launched Binance bridge 2, so this will allow the BNB chain to host all Ethereum native tokens with the new Binance bridge. We’re talking about bringing in massive amounts of liquidity, making the roads between different blockchains super easy to access. The more we bring in interoperability, the easier it is for assets to move from one place to another.
Traders can use them to make more money on the Binance exchange by getting into launch pools and all that stuff. Whenever they launch, it’s been pretty profitable.
Acala Token (ACA)
The next one that has big moves on the list is Acala (ACA). Acala is an all-in-one decentralized finance network offering a blockchain platform secured by Polkadot, as well as a suite of cross-chain financial applications that let users trade on Acala Swap, issue self-serviced loans with the Acala Dollar stablecoin (aUSD), become liquidity providers, access staking derivatives with Liquid DOT staking (LDOT), and earn high-interest APY on their digital assets.
Acala has integrated with wormhole taking Polkadot (DOT) into the multi-chain universe. This move is going to help connect them with eight other layers one chains, including some of the most popular ones in the entire industry, such as Ethereum (ETH), Avalanche (AVAX), Terra (LUNA), Solana (SOL), and so on.
This is going to be Acala’s big push into DeFi. Acala also had some big announcements regarding their $250 million fund that they’ve put together with other cryptocurrency projects as well as some big venture capital funds with the idea of getting the aUSD, the Acala stablecoin, to become really the stablecoin of the Polkadot network as well as to kickstart DeFi on Polkadot. So this is just another move in the right direction of trying to make that happen.
The next altcoin mentioned on the list is Solana (SOL). Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide DeFi solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
There is big news to Solana that OpenSea has confirmed it is going to start listing Solana NFTs in April. It’ll also help the price of Solana potentially. Solana getting that getting their foot in the door basically with the biggest NFT marketplace.
The next one on the list is Terra (LUNA). Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Terra’s luna sets a new all-time high following $135 million bitcoin buy. Huge amounts of Bitcoin are being purchased by the protocol. They’ve done over a billion dollars in Bitcoin purchases. So far, they still have a little over two billion dollars left to spend to buy Bitcoin.
That’s for the first three billion dollars. They’ve been approved for they’re aiming for 10 billion long terms. So we’ll see when they get the next approvals to buy more Bitcoin. And we could see LUNA heading for even higher prices in the near future.
The last one is Ethereum (ETH). Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Ethereum Merge has hit all time high. The Merge is coming in June. This brings in the triple having, which is a 90% reduction in emissions for Ethereum. This also brings in the move away from proof of work to proof of stake, bringing a 99.9% reduction in the energy consumption of Ethereum.