The last few months have shown us that cryptocurrency prices can fluctuate. The end of March saw cryptocurrency prices rise after a slow start to 2022. Although the recent price rise is a good sign, it’s still too early to discuss recovery. Bitcoin (BTC) still has ways to go before it can regain its highs from last year.
Market sentiment is now more positive, especially for coins like Ripple. With the Ripple to INR conversions being optimistic, investors are now more hopeful than ever for altcoins. Although the crypto greed and fear index has been showing “fear” or extreme fear for some time, as we write this, it has tipped into what we call “greed,” – which means people are optimistic that the crypto slump will pass. It will be interesting to see if these hopes are genuine.
To help crypto investors with their journey, we’ve listed below the four coins every investor should watch for April.
Ethereum (ETH)
Ethereum is so significant that many people don’t consider it an altcoin. It is nearing its crucial switch from the gas-guzzling Proof-of-Work (PoW) validation model to the more eco-friendly Proof-of-Stake (PoS) system. This long-awaited change is known as “The Merge,” Ethereum founder Vitalik Yeterin said it would take place this summer. This alone might make you want to buy Ethereum in India.
Ethereum will be a top priority for most crypto investors as the anticipation builds about the upgrade. Although it is only part of a more considerable staged upgrade, it will be a significant milestone. While a successful upgrade could boost confidence across the industry, technical issues could slow down price recovery.
Tezos (XTZ)
Tezos, a well-established smart contract cryptocurrency, creates quite a buzz among investors. Last year, it did not post the same gains as coins such as Solana (SOL) or Avalanche (AVAX), but it could have been because of management problems and lawsuits filed against the project after its ICO in 2017/2018. This can signify that investors aren’t as confident in the project. But, things may be changing.
Tezos is about to launch an upgrade, and it is also starting to gain traction within the non-fungible token space (NFT). Many NFT markets like Rarible offer NFTs on Tezos’ blockchain. Recent Coinbase polls showed that many people would like to add the Tezos network to the NFT platform. This is an eco-friendly alternative for Ethereum.
Audius (AUDIO)
Audius, one of many three web music streaming sites, is designed to make it easy for anyone to upload, monetize and stream audio. It aims to empower artists by allowing them to connect with the audience without requiring a label. It is currently trading at 70% below its March high and could be a good web three projects to keep on your radar.
Audius was founded in 2018 and had more than 1 million monthly users. Audius’ partnership with TikTok has cemented its role as a significant player in the blockchain music industry. Audius recently completed migration to Solana’s blockchain, and users and creators will benefit from its fast, low-cost transactions.
COTI (COTI)
COTI is nothing but smart-contract crypto, making it simple for people to create stable coins or digital payment networks. It hopes to be the “ultimate power grid for payments.” It’s not the only one operating in this space, as Terra (LUNA) and Stellar Lumess (XLM) are also doing the same. These cryptos are among the top 50 by market capitalization, with COTI at no. 186 at the time of writing.
COTI Ventures is an investment fund that focuses on the COTI ecosystem. COTI has already partnered with Cardano (ADA) on its Djed stable coin. This coin is worth your attention because of its close relationship to Cardano, which increased by more than 30% quite recently. Another reason to consider COTI Ventures’ recent launch is that it started with a $10 million budget and made its first-ever investment in WingRiders, a Cardano-based centralized exchange.
All the cryptocurrencies listed above provide real-life utility and have gained much popularity in a relatively shorter timeframe. Adding these tokens to your portfolio may intrigue you, but we recommend always doing your due research before taking any investment-related call.
