This Altseason you will find out about the top 10 Altcoins that you can invest in April 2021. The world’s interest in cryptocurrencies continues to increase as a result of remarkable performance in the first quarter of 2021. The year 2020 was a disastrous pandemic year, but it became a boon for crypto and blockchain space. Almost all mainstream cryptocurrency have started to go green and the upward trajectory continues. Even though Bitcoin registers several ATHs every month, the success of some Altcoins this year is worthy to mention. In early 2021, the world crypto market cap surpassed the $1 trillion mark and the onset of Altseason is one of the main reasons behind it.
And when we talk about potential Altcoins, it is not just about the very mainstream ones like Ethereum, Polkadot, and Chainlink. Of course, they hold a lot of trust in the crypto community, but coins like PancakeSwap and Theta are among the crypto tokens that have recently gained a lot of popularity. And with so many new coins emerging out with their full potential, it makes it more difficult for a crypto investor to decide on the best coin to invest in.
Altseason is Pulling Up the Game in 2021
During the year 2020, when the business went decentralized and thousands of DeFi projects were launched, Ethereum was the most favored blockchain platform despite the high-rising gas fees. That can be called the start of the Altseason. Nowadays, investors opt for Altcoins as one of the best ways to invest. You feel the highest value for money by investing in best Altcoins in April 2021. It’s just the starting of the year and the Ethereum hitting an ATH of $2036 is remarkable. Moreover, institutional investments in Cardano are rising and this year this crypto token has grown enormously. According to experts on cryptography, this year is one of the key options for altcoins, and especially Cardano.
These two are just the beginning of the long list of potential top 10 Altcoins to have a look for in April 2021. If you are finally thinking of putting your money into crypto, then this article will help you narrow your choices down to the top 10. These cryptocurrencies have been showing promising growth, with several projects and updates in the pipeline, vying for an increase in price and investments in the next couple of months.
Top 10 Altcoins to Invest in for April 2021
Bitcoin dominantly solidifies its place as the world’s most famous cryptocurrency, flanked by Ethereum and Dogecoin, a group of alternative coins such as Cardano, Polkadot, Cosmos, and the Graph are emerging to gain mainstream attention. The success of these other cryptos is due to investments from both retail and institutional giants. The DeFi boom has also pushed the price of several altcoins to new highs. When investors looked at technical advances and token rewards, the Altcoin industry thrived. Investors may get higher returns with altcoins, according to Tally Greenberg, head of business development at Allnodes, and can also gain some passive income by staking, a process in which an investor keeps or locks their cryptocurrencies to collect rewards.
Below are some of the best Altcoins to invest in April 2021. With bull run and investments all over the crypto space, this is the right time to get your money into it.
Note: Altcoins are not given in any particular order, and the price and market cap of all the tokens are as per the research for the article.
This one is an obvious appearance on the list of potential Altcoins in April 2021. Ethereum is the largest Altcoin in the market today with its price trading at $1,928, and a global market cap of $222,633,702,516. It is considered the best alternative to Bitcoin. Moreover, both retail and institutional investors are all looking up to this crypto token for gains. And it is not just the Dapps and DeFi projects launch that has led to the increase in investments in Ethereum. A lot of things are lined up for this cryptocurrency. The launch of Ethereum 2.0 was one of them.
Vitalik Buterin, Ethereum’s co-founder, expects the Ethereum network to scale 100 times before the ETH 2 update. Although the exact date of the planned Rollups release is yet to be announced, the Ethereum network is anticipating a Berlin hard fork as well as other updates such as EIP 1559. The update will add some new features to the network’s underlying protocol.
Ethereum has gained the interest of many institutional investors like Grayscale, which added $38 million worth of ETH in February. Ethereum wallet holders have not decreased and only seen an upsurge since its last hit at its new ATH in February. This indicates that Ethereum whales are refusing to sell the cryptocurrency despite the recent plunge in its valuation. Therefore, this is the right time to put your faith in this altcoin.
Another crypto token that has been gaining a lot of attention for the past couple of months is Chainlink that is currently trading at $29.97, with a market cap of $12 billion. It stands at the 10th position, according to the CoinMarketCap. Chainlink is another DeFi token whose price reached a new ATH at the beginning of 2021 after the DeFi sector started to boom. Chainlink, like other DeFi tokens, has seen rapid growth, indicating that it is following the DeFi sector’s upward trend.
There are other projects where Chainlink has been showing development. Filecoin, a decentralized storage network, has partnered with decentralized Chainlink, a DeFi oracle service, to allow developers to have a complete web 3.0 infrastructure. Colin Evran, Ecosystem Lead at Filecoin Developer Protocol Labs, said:
“…Chainlink’s secure infrastructure and extreme flexibility make this all possible, leading to new value for the ecosystem like Filecoin data providers having enhanced monetization capabilities, dApps/DAOs recalling stored data to trigger on-chain actions, insurance contracts triggering payouts based on Filecoin miner activity, and much more.”
This shows and justifies the recent growth in the DeFi token. Recently, Grayscale added five new crypto investment trusts and Chainlink is one of them. Despite the coin’s current low trading price, its investor base continues to support it, believing that the price will soon return to the $32-$35 range. Having said that, this will be the right time to invest in the token.
Pokadot is third in our list for top altcoins for April 2021. This token is not even one year old and was born right in the middle of the global pandemic. Its cryptocurrency is more popularly known as DOT. The amount of popularity it has received in just one year is commendable. The current price of Polkadot is $38.11, with a market cap of $33 billion. Such has been the success of this token that it is giving a tough competition to Ethereum and today, is one of the best alternatives to Bitcoin.
FD7 Ventures, a Dubai-based global cryptocurrency investment fund with over $1 billion in Bitcoin under management, recently announced that 75% of their Bitcoin assets will be sold. This comes after the company plans to sell around $750 million in Bitcoin reserves to invest in Polkadot and Cardano. This shows the amount of faith Polkadot had been able to build in the mind of investors. In August 2020, Polkadot went live on cryptocurrency exchanges. Even though there was some turbulence at the start, it was up over 44% by November. Ethereum, on the other hand, had risen a little more than 8% at the moment.
Not just this, many new NFT blockchains are built on Polkadot. Very recently, cryptocurrency trading platform Enjin’s latest NFT blockchain platform has recently raised $18.9 million in a private funding round led by Crypto.com, and it will be built on Polkadot.
The altcoin has been winning hearts in the crypto space lately. The crypto is currently trading at $1.19 with a global market cap of $38 billion. It is currently at the 5th position on the CoinMarketCap’s platform. The growing interest in this comes after its exposure to many DeFi and blockchain projects. OccamRazer, the first portion of the Occam decentralized finance layer designed specifically for the Cardano blockchain will be published soon, according to the Occam.fi team and the Occam Organization.
ADA touched its all-time high of $1.48 on February 27. Cardano’s founder, Charles Hoskinson, recently reported that Cardano (ADA) could rally past $10. However, Hoskinson has stated that he is not in favor of hypothesizing on the token’s results. Moreover, Cardano Founder Charles Hoskinson commented on the latest deals in Africa, claiming that they would pave the way for millions of new users to join the Cardano Ecosystem.
The crypto community was overwhelmed with the performance of Cardano in the past month, as it again overtook BNB to take the third-largest cryptocurrency status. With results like these, this token is worth giving a shot.
A lot has been going on for this crypto token in the past few months. The price ticks at $19.47, with a market cap of around $4 billion. Cosmos (ATOM) is one of the mainstream cryptocurrencies today. It also reached a new high in mid-February as more people are exploring it as an ecosystem and an investment opportunity. In March, Binance added support for staking Cosmos and Cardano. Grayscale recently included new crypto trusts that included Cosmos ATOM.
Recently, holders of the ATOM token voted via inter-blockchain communication (IBC), allowing assets to move easily between blockchains, bringing the Cosmos blockchain’s long-awaited vision to reality. The final vote, 112 million to 75, was overwhelmingly in favor of enabling the feature. And to add to its achievements, one of the leading firms behind the interoperability network is rolling out a $20 million fund to support promising projects.
Therefore, with so much happening in and around the crypto, this month will be in its favor. If you are thinking of investing in it, there’s a high chance that the token is going to give fruitful results.
Binance Coin BNB
One of the most popular altcoins today with tremendous potential, Binance Coin BNB, has been winning hearts this year. The coin is trading at $307, with a market cap of $54 billion. Recently, Binance Coin has exceeded Tether in market capitalization for the first time in history, making it the third-largest coin- only behind Bitcoin and Ethereum. It has made records of ATHs ever since. Binance Coin jumped more than 8% to $304.39 last Tuesday, reaching its highest level in nearly three weeks. This came almost three weeks after PayPal revealed that its US customers could use their cryptocurrency holdings to pay at millions of its online merchants around the world.
The bulls are running into resistance between $315 and $320. The next big barrier is around $340, over which the price is likely to set a new all-time high in the near future. Moreover, Binance now offers users to stake BNB. BNB holders will now earn passive income with their tokens. This is another reason why the token is reaching new heights every day. Therefore, this is the right time to put your money on the token.
The price stands at $29.16 with a market cap of $15 billion. It is witnessing a huge increase in its trading volume recently. Over the last week of March, trading volume on the decentralized platform Uniswap increased by over 450%. According to Uniswap.info, the total amount on March 30th was $7.17 billion, up from $1.6 billion on March 29th. On October 26, 2020, the previous daily high was $2.19 billion. The token saw an ATH of $31 in February this year.
Moreover, Uniswap has an advantage over other DeFi tokens like SushiSwap. Interestingly, Uniswap sees higher volumes as a result of a greater number of available trading pairs and large liquidity pools for the top DeFi tokens, resulting in more cash flow for liquidity pools for UNI token holders. Its price has increased rapidly in the last month. On February 28th, it stood at $21 and jumped to $33 on 23rd March. If its price continues to increase over the month, then this month is expected to be in favor of the token.
Enjin Coin is gain the rank in the list of top altcoins for April 2021. The price jump that this coin has shown in the past month is remarkable. It was trading at $0.52 on February 28th. And from that, it went to $2.81 on March 15th. It is currently trading at $2.57, with a market cap of $2 billion. Also, the Japanese Virtual Currency Exchange Association recently named Enjin Coin (ENJ) as the first legally recognized gaming cryptocurrency (JVCEA). This is also one of the reasons why the price of the token is seeing a steep increase in the price.
Apart from this, all the price predictions and chart analysts are in support of the crypto token. According to them, Enjin Coin has broken out of a bull flag, signaling a 65% rise ahead. Transactional evidence supports the bullish outlook by confirming stable support levels rather than minor supply barriers. Whales with 1,000,000 to 10,000,000 ENJ have increased their holdings by 4.5% since March 23, rising from 16.4% to $17.2%. This rise in the number of ENJ tokens owned by high-net-worth individuals is bullish because it represents their positive outlook on Enjin Coin at current prices. Therefore, keep this coin on the back of your head, when you are thinking of investing in the crypto space this month.
Theta is another potential cryptocurrency that is probably somewhat new in this list. The price of Theta stands at $11.89, with a market cap of $12 billion. Very recently it landed at the 10th largest cryptocurrency and made headlines. Theta blockchain is unique in that it was created to encourage network bandwidth sharing and encourage users to contribute their excess bandwidth and computing resources in return for token rewards. Predictions too, are all green for this crypto token.
The expectation from the crypto is that the price will quickly surpass $15 and reach another all-time high. THETA’s new alliances have propelled the network ahead of its rivals, especially because THETA has more active CPUs than Microsoft and Nvidia combined in the last 50 days.
On-chain and technological analysts are now more optimistic than they were a month earlier. Sierra Ventures, Heuristic Capital, The VR Fund, and The GFR Fund placed over $100 million into THETA, following Grayscale’s lead with institutional investment. Therefore, this coin should have your attention this month.
The Altcoin Graph
The Graph (GRT) is the last coin in this list of top 10 Altcoins for April 2021. At the time of writing, the price is $1.78 with a market cap of $2 billion. The Graph is up 4.36% in the last 24 hours. Recently, The Graph announced that Polkadot, Near Protocol, Solana, and Celo are the four new Layer 1 blockchains that will be supported by The Graph.
The Graph Foundation’s director, Eva Beylin, said:
“The addition of support for these Layer 1 blockchains by The Graph is a big step forward in Web3 evolution.”
He also emphasized the selection options offered for developers:
“Developers will be able to select which chain better fits their needs, and it will also assist current Ethereum developers in designing interoperable applications.”
When the Graph Network went live in December 2020, within 24 hours of going online, Graph Network experienced a huge rise, earning $315 million in circulating market capitalization. It has also increased its completely diluted market capitalization by $2.6 billion in the same period. It has the potential to become one of the biggest cryptocurrencies as a result of this.
Cryptocurrencies are the most recent asset class to enter the investment world. It was created as a decentralized alternative to the conventional and centralized financial system, but it has since developed into a store of value. After the entire crypto space witnessed corrections all over during the last month, the market has finally started to go up for most of the above-mentioned top 10 altcoins April 2021. 2020 did not fail to prove itself as the year for cryptocurrencies. Moreover, the first quarter of 2021 has seen bulls all over the crypto space. Having said that, this is without a doubt the right time to invest in the aforementioned Altcoins to support and get worthy returns.