Bitcoin reached an all-time high in March. According to cryptocurrency analyst Andreja Stojanovic, April is likely to be the biggest month yet for cryptocurrencies in 2024. The analyst predicts that there will be major movements driven by the halving event. In this context, the analyst shares 3 cryptocurrencies for April.
In first place is the leading cryptocurrency Bitcoin (BTC)
cryptokoin.comAs you follow from , Bitcoin showed a great rise in 2024. However, the cryptocurrency is likely to be the main star of April due to the halving event, which will reduce mining rewards and make it much more difficult to mine the rest of the coin’s limited supply. Despite its high price, history shows that BTC will rise significantly in the coming months. Because after previous halvings, it gained anywhere from tenfold to a hundredfold in value, regardless of the jump point.
Even if the rally is less significant than it has been in the past, Bitcoin has roughly stabilized around $67,000 after recently rising above $70,000. Price targets for 2024 remain broadly bullish, with some going as high as $300,000, like that of leading investor and author of best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki. BTC increased by 3.84% in the last 7 days and 5.75% in the last 24 hours. Bitcoin is up nearly 35% in the last 30 days at a press time price of $69,600.
Cardano (ADA) comes in second place
Cardano (ADA) has managed a massive price increase since late 2023 that has seen it rise from $0.24 in October to $0.66 on Monday, March 25, as well as a pattern of major rallies followed by corrections, ultimately leading to new even larger rallies. started to create.
Cardano has increased by 80% in 52 weeks. Additionally, it rose 6.43% in 2024. If it continues to follow this trajectory, it is possible that it will soon break above the ATH level of $2.80. There have been several developments that indicate such a move is coming. The number of smart contracts in Cardano’s Plutus v1 and v2 is growing steadily. Additionally, four times more contracts were added in the first quarter of 2024 than in all of 2023. In addition, Cardano has added an average of 2,000 new wallets every day since January 1. As these prove, there is broad and high interest in the ADA.
In last place is the popular meme coin Dogecoin (DOGE)
Nothing is guaranteed when it comes to meme coins. However, there is a good chance that many of the meme coins will experience significant rallies in April. Indeed, at the current stage in the cryptocurrency market, with new tokens such as Dogwifhat and Slerf (SLERF), traders have made millions relatively quickly. Dogecoin (DOGE), the original meme coin, remains a strong contender through 2024. Even if history doesn’t repeat itself, it’s well positioned for a rally as it could rise in early April as investors bet Elon Musk will repeat the X joke in 2023.
Still, it has performed strongly, up 111% in the last 30 days and 28% on the weekly chart. Thus, it rose to $0.18, a level it has not seen since late 2021. Dogecoin, while promising, remains a risky bet.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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