March 2023 ends with some pessimism as a result of a new regulatory sanction against the giant cryptocurrency exchange Binance. However, leading crypto analysts suggested these altcoins in their analysis of altcoin projects! Here are the altcoin projects to follow in April…
Shiba Inu (SHIB) may be on the rise in April!
Popular memecoin project Shiba Inu (SHIB) has recently regained the attention of investors by becoming one of the cryptocurrencies accepted at Burger King Paris thanks to Alchemy Pay and Binance Pay. But on the other hand, FUD on the Shibarium testnet worries many investors with the fear and uncertainty surrounding the upcoming Layer-2 network over the chain identity of Shibarium, which shares the same identity with the Rinia testnet blockchain. Although the popular memecoin has underperformed under the influence of the overall crypto market sentiment, its successes over time have managed to increase its value by 26 percent since the beginning of the year and are currently trading at $0.000001039.
Memecoin leader Dogecoin (DOGE) may explode next month!
As we have previously reported as cryptokoin.com, the CEO of Twitter and Tesla, the popular name Elon Musk, draws the attention of many investors with his commitment to DOGE. Dogecoin has a history of price spikes driven by tweets from Tesla (NASDAQ:TSLA) and the Twitter CEO, and it’s happened again recently. However, the interest in Dogecoin is increasing day by day, and with the increase in adoption rates, this may mean that we can see Dogecoin as a payment tool in the near future. On the other hand, the popular altcoin project, supported by Elon Musk, continues to strengthen day by day, and according to experts, it may explode in April. Instantly, Dogecoin (DOGE) is trading at $ 0.07332.
Stellar (XLM) stands out with new partnerships
Stellar (XLM), one of the oldest protocols designed to augment payment capabilities around the world, has shown steady strength since the beginning of the year and is attracting investor attention, thanks to the development of Soroban, the new smart contract platform designed to run on top of Stellar.
On top of that, the Brazilian central bank has recently started testing with the Stellar blockchain to launch its own central bank digital currency (CBDC), called Digital Real, due to the network’s high functionality and design that facilitates mass institutional adoption coinciding with XLM. The price was up 6 percent last month and 6.89 percent the previous week. Instantly, XLM is trading at $0.09.
VeChain (VET) comes with new updates
Meanwhile, Layer-1 blockchain ecosystem VeChain (VET) recently unveiled its new VET 3.0 whitepaper, where the company presents an in-depth roadmap of the VeChain protocol over the next few years, with a greater focus on sustainability in the crypto space.
Additionally, the ecosystem team was able to attract investors with the introduction of wine NFT solutions at ProWein, the annual wine and spirits industry fair in Düsseldorf, Germany, and contributed a price since the beginning of the year. The project rose 35.7 percent to its current level of $0.02 since the beginning of the year.
Phantom (FTM) changed staking requirements
On the other hand, Fantom (FTM) presents its new innovations to investors. Recently, the project announced plans to change the validator staking requirements on its platform, lowering the minimum requirement to 50k FTM levels.
In addition, Fantom also introduced a new mainnet upgrade that promises to enable the network to process certain files and call logs faster, while aiming to speed up P2P and reduce transaction times by 30 percent. Despite losing 12.68 percent last week, FTM has gained over 100 percent in price since Jan. 1 and is currently trading at $0.40.
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