Numerous Long term or Short term investors are looking for Best Cryptos to buy in April 2024, Below are the list of Best performing alt Coins you can consider in April 2024 that have the potential for long-term and short term gains.
| Top Crypto to Buy Now |
|---|
| Ethereum – ETH– Best for data storage (trading at: $3,507.00) XRP – XRP – Best for currency exchanges (trading at: $0.6271) Solana – SOL – Best for smart contracts (trading at: $194.62) BNB -BNB – Best for paying exchange fees (trading at: $606.78) Dogecoin – DOGE – Best for online gambling (trading at: $0.2001) Polygon – MATIC – Best for scalable blockchain projects (trading at: $0.9855) Chainlink – LINK – Best blockchain oracle (trading at: $19.06) Tron – TRX – Best decentralized finance blockchain (trading at: $0.1217) Avalanche – AVAX – Best Ethereum competitor with momentum (trading at: $53.33) Cardano – ADA – Undervalued investment with significant growth potential (trading at: $0.6498) |
Factors to consider when choosing a Crypto Coins to buy
Today, there are more than19,000 cryptocurrencies in the market, and many of these altcoins do not have a bright future as long run. So it’s critical to understand how to determine which coin is worth your time and money. These checkpoints will teach you seven practical strategies to analyze cryptocurrencies as well as allowing you to invest with confidence.
Here are the Factors to consider before buying a Crypto Coin:
Cryptocurrency Project Analysis
- Checkout the project’s website.
- Read white paper thoroughly.
- Check social media channels.
- Analyze their project team and partnerships.
- Evaluate cryptocurrency’s market metrics like Market capitalization, Trading volume, Supply metrics.
- Study the price history change.
- Determine the utility of that cryptocurrency.
List of Best Cryptos to Buy Now in April
Solana is the top best cryptos to buy as the market heats up, offering the biggest gains. With hundreds of mega-cap tokens and emerging cryptos, it’s difficult to decide which crypto to buy. New cryptos like XRP, Dogecoin, Solana, and Sponge V2 offer high return on investment possibilities.
Below are the more detailed overview why you should consider these coins to buy:
1. Ethereum (ETH)
Ethereum, a blockchain network, is a popular platform for dApp development, introducing smart contracts and transitioning from a proof-of-work mechanism to a proof-of-stake mechanism in 2022.
Key Highlights:
- Price as of March 31, 2024: $3,507.00
- Market cap: $421 billion
- Last 24 hours change in price: 0.49%
- All-time high: $4,878.26
Why Ethereum made it onto our Best Cryptos to buy list:
Ethereum, the Ethereum network, is the most popular blockchain for developers, attracting new users and boosting its value. Despite facing challengers like Cardano and Solana, Ethereum has successfully maintained its position in the crypto world. The focus now is on Layer-2 solutions to enhance the network’s speed.
2. Binance Coin (BNB)
Binance’s official coin, BNB, is an essential for cryptocurrency trading and offers discounts and early access to future launches, as the fourth-largest cryptocurrency by market capitalization
Key Highlights:
- Price as of March 31, 2024: $606.78
- Market cap: $90.7billion
- Last 24 hours change in price: -0.60%
- All-time high: $686.31
Why BNB made it onto our top Crypto coins to buy list for month April 2024:
Binance, founded by Changpeng Zhao, faced a US prosecution for violating anti-money laundering and sanctions requirements. However, the company has since settled the lawsuit and no evidence of fraud was found, indicating a solid financial foundation. This move follows the fate of FTX, indicating Binance’s potential for long-term growth. Despite the initial downturn, Binance remains a significant player in the crypto world, with potential for continued growth.
3. Solana (SOL)
Solana, a crypto token, has been gaining significant momentum, surpassing Ethereum’s market cap by over 300% between October 2023 and February 2024.
Key Highlights:
- Price as of March 31, 2024: $194.62
- Market cap: $86.5 billion
- Last 24 hours change in price: 4.70%
- All-time high: $259.96
Why Solana (SOL) is in our Top 10 Cryptos to buy list:
Solana (Sol), a cryptocurrency with significant momentum, has experienced a surge in developer interest and value, gaining nearly 5x in value over the past few months. Despite being favored by FTX founder Sam Bankman-Fried, Solana’s resilience and potential to challenge Ethereum for dApp dominance make it a promising project.
4. Ripple XRP
The SEC alleged XRP, the official Ripple token, was an unregistered security, despite its success in making international payments faster and cheaper.
Key Highlights:
- Price as of March 31, 2024: $0.6271
- Market cap: $34.4 billion
- Last 24 hours change in price: 0.31%
- All-time high: $3.40
Why XRP Ripple in our Best Cryptos to buy list:
The US court victory over the SEC has resolved the uncertainty surrounding XRP’s classification as a security in the US.
XRP has facilitated the integration of Ripple’s payment network with major banks like Bank of America and PNC Bank, enhancing their operations.
XRP’s victory in court may lead to a price skyrocketing due to increased interest in international payments during the upcoming crypto bull market.
5. Dogecoin DOGE
Tesla founder Elon Musk, known for his meme coin, Dogecoin, gained attention in 2020-21. The meme coin, which inspired thousands of copycat meme coins, has inspired successful ones like Shiba Inu, reflecting Tesla’s commitment to innovation.
Key Highlights:
- Price as of March 31, 2024: $0.2001
- Market cap: $28.7billion
- Last 24 hours change price: -6.36%
- All time high: $0.7316
Why Dogecoin in Best Cryptos to buy list:
Dogecoin’s value has decreased over the past year, but we think it is about to rise again. Meme currencies have historically done well in periods of high cryptocurrency market volatility, which is currently the case.
Additionally, Dogecoin is becoming more than just a meme currency. In the cryptocurrency industry, it is widely accepted as a form of payment and is gaining popularity outside of it. Dogecoin has proven that it can weather attacks from Pepe and the Shiba Inu, which gives us hope that this joke currency can endure.
Dogecoin might ultimately have its own ETF, albeit this is improbable. Expect a sharp increase in $DOGE’s price if that occurs.
6. Cardano ADA
Tron, a cryptocurrency with a strong reputation for security, scalability, and sustainability, is a top contender in the market. Its unique blockchain technology, commitment to peer-reviewed research, and partnerships with major institutions contribute to its potential for long-term growth. Cardano ADA token is another promising investment option.
Key Highlights:
- Price as of March 31, 2024: $0.6498
- Market cap: $23.1 billion
- Last 24 hours change in price: 0.17%
- All-time high: $3.09
Why Cardano ADA in our Best Cryptos to buy list:
Investing in Cardano’s ADA cryptocurrency looks promising because to its creative approach, emphasis on scalability, and expanding ecosystem. However, like with any cryptocurrency, there are associated hazards. Prior to making a selection, conduct extensive research and examine your investment objectives.03-Feb-2024
7. Avalanche AVAX
Investing in cryptocurrencies involves various risks, such as market volatility and regulatory uncertainty. However, many investors believe Avalanche has potential due to its unique features, quick transaction speed, and the growing popularity of decentralized finance (DeFi) apps.
Key Highlights:
- Price as of March 31, 2024: $53.33
- Market cap: $20.1 billion
- Last 24 hours change in price: 0.70%
- All-time high: $144.96
Why Avalanche AVAX in our Best Cryptos to buy list:
If you want to secure your invest and grow your portfolio it could be good decision to Avalanche AVAX coin as a Best Crypto to buy and hold in April.
8. Chainlink LINK
Chainlink provides a blockchain oracle network. It allows blockchains like Ethereum to collect real-world data such as market prices, sports scores, and so on. The project’s native token, $LINK, is used to pay for access to data and is the 12th-largest cryptocurrency by market capitalization.
Key Highlights:
- Price as of March 31, 2024: $19.00
- Market cap: $11.2 billion
- Last 24 hours change in price: 1.20%
- All-time high: $52.88
Why Polygon MATIC in our Best Cryptos to buy list:
Chainlink is a blockchain oracle network that collects real-world data, such as stock prices and sports scores, for the Ethereum network. Its native token, $LINK, is used to pay for access to data and is the 12th-largest crypto by market cap. Chainlink’s services are crucial for the smooth functioning of the Ethereum network and its thousands of dApps. With renewed development on Ethereum and increased interest in DeFi, Chainlink benefits from increased fees and the value of the $LINK token. With over doubled value in the last year, Chainlink is expected to continue its growth in 2024.
9. Tron TRX
Tron is a blockchain that was founded in 2017 with the purpose of democratizing media consumption and removing intermediaries on the internet. It has subsequently evolved into an Ethereum rival, with responsibilities in DeFi and general dApp development. However, Tron remains far smaller than Ethereum, with a market worth of around 1/30th that of Ethereum.
Key Highlights:
- Price as of March 31, 2024: $0.1217
- Market cap: $10.6 billion
- Last 24 hours change in price: 1.52%
- All-time high: $0.30
Why Polygon MATIC in our Best Cryptos to buy list:
Tron, one of the fastest-growing blockchains, is home to the majority of USDT and USDC stablecoins, used for crypto trading, lending, and staking. As the second-largest blockchain for total value locked (TVL) behind Ethereum, Tron’s long-term commitment to the blockchain has resulted in significant gains for $TRX. Tron’s potential for massive growth if it aims to become a hub for decentralized content could present an opening for it to step into the media industry.
10. Polygon MATIC
Polygon MATIC is an Ethereum Layer-2 solution that speeds up and reduces the cost of running transactions on the network. It just announced a substantial upgrade to Polygon v2, which involves the shift from the $MATIC token to the new $POL token. $MATIC may be transferred to $POL at a 1:1 ratio.
Key Highlights:
- Price as of March 31, 2024: $0.9855
- Market cap: $8.7 billion
- Last 24 hours change in price: 0.06%
- All-time high: $2.92
Why Polygon MATIC in our Best Cryptos to buy list:
Polygon, a Layer-2 solution on Ethereum, has faced a decline in network activity over the past two years, with competing solutions like Eigenlayer and Arbitrum gaining traction. To address this, Polygon is retooling its network, transitioning from the $MATIC token to a new $POL token offering increased staking rewards. While this transition has not significantly impacted $MATIC’s price, gains are expected as Polygon completes milestones on its new roadmap. Additionally, Polygon can benefit from Ethereum’s flywheel, boosting transaction volume.
If you want to buy These Top Crypto Coins from Crypto Exchanges, you should read our article: Top Crypto Exchanges in 2024: Ranked & Reviewed
