5 BEST CRYPTOCURRENCIES TO TRADE-IN APRIL
Due to their volatility, cryptocurrencies are steadily sweeping over the financial industry, providing investors with high yield returns on investment. We provide essential information about the best cryptocurrencies to trade in April and how and where to buy digital assets in this post.
There are a variety of cryptocurrencies to choose from. On the other hand, this guide examines the best cryptocurrency to day trade in 2022.
1. Lucky Block (LBLOCK)
Lucky Block is a lottery-focused token that makes it easier for gamblers to place wagers. On January 25, the cryptocurrency was introduced at $0.00020 and has seen significant growth in a short amount of time. Due to its special pricing in recent weeks, the Lucky Block token is one of the best cryptocurrencies to trade.
Lucky Block offers unique value propositions to revolutionize the lottery industry by ensuring gambling fairness. Through a random selection technique, blockchain technology claims to improve player winnings.
With its v2 upgrade, the Blockchain will make even more advancements, including creating a bridge to the Ethereum network. The improvement was made in response to complaints about taxation when depositing from decentralized to centralized exchanges. The v2 Ethereum-based coin will appeal to investors who want to trade on centralized exchanges while avoiding the LBLOCK deposit tax of 12%.
The v2 upgrade could be beneficial to the Lucky Block ecosystem and price. LBLOCK will see more CEX listings with the change, allowing it to onboard more traders.
2. Fantom (FTM)
Fantom is an open-source, scalable blockchain that provides low-cost transactions with scalability and security. Despite the gloomy crypto market, the FTM token has been steadily rising in price, making it one of the finest cryptos to day trade.
The asset is presently trading at $1.188, which is lower than the SMA value of $1.45. The Moving Average Exponential (EMA) value of $1.156 for Fantom indicates that the asset is gaining momentum at a sluggish pace, as broad market difficulties are a significant factor in this movement.
The Fantom token is paving the way for widespread adoption. eToro is one of the most well-known cryptocurrency trading platforms globally, with offices in several countries. The addition of FTM on eToro will make the asset more accessible today to traders and increase price movement. As the crypto market emerges from its bearish phase, the digital currency is expected to resume a positive trajectory.
3. Solana (SOL)
The Solana blockchain addresses the issues of scalability, speed, and user and developer convenience issues. Solana is thought to be the world’s fastest Blockchain, processing over 50,000 transactions per second (TPS). This distinguishes Solana as one of the best cryptocurrencies to trade and watch in 2022.
In recent days, the price of Solana has been trading sideways at around $83.61. The asset is currently trading below the $57.31 Simple Moving Average (SMA).
With the help of Bonafide and the FTX alliance, Solana has launched Solana Name Service (SNS) on the FTX exchange. The SNS lets users deposit and withdraw money without utilizing wallet addresses, which might be confusing. Unreadable wallet addresses are a significant issue when transacting, as they frequently result in the loss of funds and create a barrier to entry.
Users can transfer and receive crypto via the Solana Name Service without the chance of making a mistake, lowering the number of failed transactions in the Solana ecosystem.
🗽🛠 #HackerHouseNYC was a glimpse into the future.
Solana @hackerhouses are where the decentralized revolution is being built. What are you going to make?
— Solana (@solana) March 20, 2022
4. The Cosmos (ATOM)
Cosmos is an open, scalable blockchain that aims to create interoperability for future economies. Because of the frequent upgrades to its system, ATOM is one of the best-performing digital assets accessible, allowing users and developers to get the most out of the Blockchain.
The asset is trading sideways, attempting to establish new support before moving on to a new resistance price and new highs. With a current price of $27.27, the asset is now trading below its Simple Moving Average (SMA) value of $29.11. Because of its high-performing blockchain services, the Cosmos crypto-asset is one of the greatest cryptocurrencies to trade. The Cosmos SDK’s modular design is one of its most powerful features.
5. Ethereum (ETH)
For obvious reasons, Ethereum is one of the most significant cryptocurrencies to trade today. The Blockchain keeps a steady flow of transactions going and gives developers the tools to create various decentralized applications.
The platform has changed its system to transition to a proof-of-stake consensus process. In late December, the Blockchain released a Kintsugi merging testnet to provide developers a taste of the Ethereum 2.0 interface. As an upgrade to the Kintsugi testnet, the team recently announced the establishment of the Kiln merge testnet.
An essential piece of #Ethereum’s Serenity upgrade, the Beacon Chain’s deposit contract, is live. This begins a transition to #Eth2.@EthDotOrg Guide: https://t.co/PkKwLnXKS4
Deposit Contract Address: 0x00000000219ab540356cBB839Cbe05303d7705Fa
— Ethereum (@ethereum) November 4, 2020
The Kiln execution layer and the Beacon Chain have been launched under proof-of-stake after a series of tests around the merge. Before the existing testnets are upgraded, the Kiln merging testnet is scheduled to be the last to be developed. To guarantee a smooth transfer to the current public testnets, developers and node operators should try out the Kiln testnet. Ethereum prices are likely to soar past existing levels due to the latest enhancements.