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Cryptocurrency: Top 3 Coins To Buy In April For Higher Returns

Vignesh Karunanidhi
Vignesh Karunanidhi
April 1, 2024
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Cryptocurrency investors are constantly seeking the next big opportunity to maximize their returns. With numerous digital assets vying for attention, it can be challenging to identify the coins with the most promising prospects. In this article, we will explore three cryptocurrencies that have the potential to deliver higher returns in April: Solana (SOL), Shiba Inu (SHIB), and Dogwifhat (WIF).

These coins have demonstrated strong performance, innovative technology, and growing adoption, making them attractive options for investors looking to capitalize on the dynamic crypto market.

Also read: Shiba Inu: ChatGPT Predicts When SHIB Will Hit 10 Cents

Solana (SOL)

How High Can Solana (SOL) Rise in April 2024?
Source: YouTube

Solana, a high-performance blockchain platform, has been making significant strides in the crypto space by scaling with the demands of decentralized applications (dApps) and decentralized finance (DeFi).

Currently trading at $199.09, SOL has experienced a 1.97% increase in the last 24 hours. The 24-hour trading range for SOL has been between $194.29 and $204.18, indicating a relatively stable performance.

Also read: Cryptocurrency: 3 Coins That Could Hit ATH After Bitcoin Halving

Shiba Inu (SHIB)

With Shiba Inu (SHIB) recently erasing one zero from its price, a top market analyst has uncovered the key target and support levels to watch out for going forward. Shiba Inu price erased one zero to trade at a 24-hour high of $0.00001462. Though the token had shown signs of an imminent rally for weeks, the current market momentum pushed its price to the highest level in more than 52 weeks. Judging by the current outlook, market analyst SHIB KNIGHT affirmed that Shiba Inu has surpassed all of his previous targets. To showcase the confidence in the current uptrend, SHIB KNIGHT dropped new targets and support levels to watch. Shiba Inu to $0.00001668? Per an accompanying price chart, the 3 targets and support levels unveiled are relatively bullish, as none of the latter targets shows a slump below the $0.00001 level. According to $SHIB KNIGHT, the current momentum might push Shiba Inu to $0.00001466, a price point that will slightly outpace the 52-week high. On a more promising basis, the analyst foresees SHIB soaring to $0.00001545, a level that is about 9.886% from the current level. SHIB KNIGHT is also optimistic Shiba Inu could rally as high as $0.00001668 and even beyond, per earlier projections. Though the potential timeline to achieve this feat was not highlighted, the projections have set the community on edge with pent-up anticipation of what to watch out for. Cautionary SHIB Note Amid the bullish targets, SHIB KNIGHT left room for unforeseen circumstances that might trigger a reversal in Shiba Inu’s uptrend. At the time of writing, Shiba Inu has maintained a 24-hour growth of 13.06%, taking its price and market cap to $0.00001409 and $8,285,705,642 respectively. Exactly $2,271,151,442 SHIB has been traded within the same time span. There are no guarantees that the market would not record a correction. Riding on this, SHIB KNIGHT pegged the first support level at $0.00001343 with a subsequent target of $0.00001306 if the selloffs persist. To cap his bullish disposition, the analyst believes the support zone at $0.00001258 is a formidable one for SHIB, a point at which another trend reversal might be recorded.

Shiba Inu, the popular meme-inspired cryptocurrency, has proven its staying power in the crypto market. With a dedicated community, Shiba Inu has the potential to deliver higher returns in April.

Despite a 4.78% decrease in the last 24 hours, SHIB is currently trading at $0.00002899. The 24-hour trading range for SHIB has been between $0.00002825 and $0.00003078, showcasing the volatility often associated with meme coins.

Also read: Cardano Analyst Says ADA Mirrors Last Cycle: Can It Hit $3 Soon?

Dogwifhat (WIF)

Dogwifhat, a relatively new entrant to the meme coin space, has quickly gained traction among investors looking for the next big opportunity in the crypto market. With its unique branding and growing community support, WIF has the potential to deliver higher returns in April.

Currently trading at $4.41, WIF has experienced a slight decrease of 0.58% in the last 24 hours. The 24-hour trading range for WIF has been between $4.29 and $4.85, indicating a relatively stable performance compared to other meme coins.

Also read: Forbes Reveals Ripple Benefitted From $300B Influx: Can XRP Hit $1?

As the meme coin trend continues to gain momentum and investors seek out new opportunities, Dogwifhat’s potential for growth and community-driven success make it a coin to watch closely in April.

While Solana, Shiba Inu, and Dogwifhat present exciting opportunities for investors seeking higher returns in April, it is crucial to remember that the cryptocurrency market is highly volatile and subject to rapid changes in sentiment and market conditions.

As with any investment, it is essential to conduct thorough research, understand the risks involved, and diversify your portfolio accordingly.

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