The cryptocurrency domain is undergoing a fresh wave of a bull market phase. After experiencing two years of intense crypto turmoil with Bitcoin and altcoins hitting new lows, the novel resurgence of the sector is being thoroughly welcomed and appreciated by investors to the fullest.
The influx of new trader activity is currently rife on all leading blockchains, with thousands of tokens being traded every minute. With a hoard of new crypto tokens emerging every second, it could be difficult for investors to figure out which particular coin can disseminate maximum returns. To maximize your returns this April, here are our top 3 crypto coin picks to avail bullish profits this month.
Also Read: Cryptocurrency: 3 Newly Launched Meme Coins That Can Surge 200% By April End
Top Three Crypto Coins To Explore This April For Bullish Returns
Cryptocurrency #1: Solana
Solana is undoubtedly one of the most promising crypto coins to explore this bull season. In a recent report issued by Messari, Solana’s DEX volume has noted an impressive uptick, increasing by 319% in Q1 2024. Solana is also home to new meme projects and programs that helped the network raise nearly $89.2 million in Q1.
“Solana became the primary home for retail users and meme coin traders. Its average daily spot DEX volume increased by 319% QoQ to $1.5 billion. Solana also took strides in its ability to support institutions with the launch of token extensions, which enable a set of configurable features for token issuers.”
CoinCodex predicts a whopping 200% surge for Solana by the last week of April or the first week of May (2024).
“The price of Solana is predicted to rise by 227.34% and reach $579.19 by May 8, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 76 (extreme greed). Solana recorded 18/30 (60%) green days with 8.66% price volatility over the last 30 days. “
Cryptocurrency #2: Binance Coin, or BNB
Binance Coin is another crypto coin that boasts strong community drive and direction. The token is currently the fourth largest token by market cap, trading at a price level of $597 at press time.
The token has noted a moderate 26% price hike in the last month, with predictions indicative of its potential surge scheduled for April.
BNB is set to surge a remarkable 20% by May 8, according to CoinCodex offering BNB holders the opportunity to enjoy substantial profits and gains.
“The price of Binance Coin is predicted to rise by 20.06% and reach $715.05 by May 8, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 76 (extreme greed). Binance Coin recorded 16/30 (53%) green days with 5.26% price volatility over the last 30 days.”
Post-April 20, the token may notice a sharp ascent, leading its price to climb to a new ATH of $640.
Cryptocurrency #3: Avalanche
Dubbed an underrated gem of the crypto world, Avalanche has slowly been sweeping the market away with its bullish moves. The AVAX token is up 5% in the last 24 hours. Per CoinMarketcap, AVAX has climbed 18% in the last month, stabilizing at $50.57.
Coincodex reports that AVAX may experience a 200% surge, potentially driven by consistent consumer sentiment and the post-halving scenario. According to CC, the token could trade at a new all-time high pedestal by the end of April or the first week of May 2024.
Also Read: Cryptocurrency: Top 3 Coins To Watch Out for in April for Maximum Profits
The price of Avalanche may rise by 228.80% and reach $160.18 by May 8, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 76 (extreme greed). Avalanche recorded 15/30 (50%) green days with 8.86% price volatility over the last 30 days.”