Bittime - The crypto world is buzzing with a big event: the Bitcoin Halving which is only two weeks away! This event has made retail investors confused about finding the best crypto assets to buy. So, this article will discuss 3 crypto coins that you should pay attention to this April.
Bitcoin and Ethereum Down, Time to Diversify!
Even though the Bitcoin Halving is anticipated, the prices of Bitcoin and Ethereum are actually falling. However, don't worry! Smart investors actually take advantage of this moment to increase their holdings (enough!). Why? Because golden opportunities only come to the brave.
Check Today's Crypto Market:
Investors' feelings of anxiety made the market sluggish. Many are worried that the impact of the Halving on Bitcoin prices will not be felt immediately.
Diversify with High Potential Altcoins!
To anticipate this and pursue faster profits, diversification with potential altcoins could be a solution. Altcoins can help you cover losses and prepare for a bigger bull run later.
Also read: What is an Altcoin Trader?
3 Crypto Coins You Must Watch This April
Entering the second quarter of 2024, traders are starting to look at the following crypto coins. They are switching to other assets to avoid the price correction that is currently taking place in the crypto market in general.
Ethene (ENA)
Ethena Labs, publisher of ENA and developer of one of the top DeFi projects to watch in 2024, is in the spotlight. Investor optimism is high, and the reasons are quite clear.
The renowned analyst believes Ethena Labs fills the void left by Terraform Labs and LUNA. They offer attractive returns to the crypto and DeFi communities.
Ethena Labs issues USDe, a synthetic stablecoin whose value follows the USD, with an easy mechanism for holders to earn returns.
Also Read How to Buy Crypto:
Not only that, Arthur Hayes, an influential figure in the crypto world, is also actively promoting Ethena. Hayes is the co-founder of BitMEX, one of the first crypto derivatives platforms.
Plus, Ethena Labs is supported by well-known crypto venture capital, including Binance.
Also read: Ethereum Based Altcoin: Ethena (ENA) on Binance
Ethena will also be even more interesting. In the coming days, they plan to add Bitcoin as collateral. This will inevitably push up their already high total value locked (TVL) (currently over $1.8 billion) and further inflate the price.
Since launching and listing on top crypto exchanges on April 2, ENA has risen +120%, and its price at the time of writing is over $1.1.
Sui Network (SUI)
Since its launch, Sui Network (SUI) has taken the crypto world by storm. Sui Network aims to overcome Ethereum's weaknesses; they want to increase scalability and lower transaction costs.
To achieve this, they use a system that does not sacrifice scalability and security.
SUI price may be under pressure and fell in the last 24 hours. Even so, the price is still up around +400% from its all-time low of $0.3643 recorded in October 2023.
The “Sui Basecamp” conference scheduled for April 10-11 could be a positive catalyst. The conference's speaker list is full of big names like a16z, Visa, VanEck, and Red Bull – fueling hope and optimism among SUI holders for the weeks ahead.
Dogecoin20 (DOGE20)
The meme coin market is worth over $60 billion. Despite BONK, PEPE, and other popular Solana meme coins plunging in early April, market interest in the soaring new entrants is still high. Trading activity on the BASE and BLAST DEX exchanges is still busy.
However, the market is abuzz with the presence of Dogecoin20, which has raised over $10 million in its ongoing presale. Dogecoin20 is predicted to explode when it is launched on Uniswap on April 20, coinciding with Doge Day (and Bitcoin Halving day).
This strategic launch date is expected to benefit DOGE20 holders. A series of listings on leading crypto exchanges will also begin.
The rise in DOGE20 was driven by the large number of followers it has. To strengthen this community spirit, and anticipate a surge in trading activity on April 20, Dogecoin20 developers allocated 10% of the total supply to Uniswap to ensure liquidity.
Check Crypto Prices Today:
Conclusion
The month of April 2024 was marked by the important moment of the Bitcoin Halving. In the midst of this moment, smart investors are not only focusing on Bitcoin, but are also looking at potential altcoins to diversify and maximize profits.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Is ENA (ENA) Safe? Analyzing New Stablecoin Projects
Dogecoin20 Sets a Fantastic Record, Successfully Raising $10 Million Through Presale!
Staking Sui (SUI): Everything Beginners Need to Know
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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