With the rapid evolution of the cryptocurrency market, it can be overwhelming for investors to decide what crypto to invest in for maximum ROI. In April 2024, numerous promising cryptocurrencies offer the potential for significant returns – especially after the bitcoin halving takes place.
This article highlights the top 10 cryptocurrencies worth considering for investment. Let’s get started.
PIKA is the native token of the Pikamoon game, an upcoming Play-to-Earn web3 title that holds the potential to eclipse the success of Axie Infinity. Its recent debut on three cryptocurrency exchanges rewarded early backers with a staggering 700% return on their initial investment.
The beta version of the game has already been released, attracting over 10,000 gaming enthusiasts, currently playable on Android and iOS. This early engagement is crucial as it offers valuable feedback loops for refinement and fostering a dedicated community, which goes a long way in the long-term success of any project.
PIKA has a fully doxxed team of founders who keep investors in the loop. This is pretty rare in the crypto scene and sets a standard in the industry for others to follow. You can watch the doxing episode of PIKA podcast below:
Upcoming developments like listing on more CEXs, development of Pikamoon metaverse by their in-house development team, the PIKA hub and more on the horizon, signal an exceptionally promising future for this project.
On top of that, PIKA is currently trading at a very low market cap compared to its incumbent competitors, which offers an excellent entry point, with its market capitalization being 30-40 times less than that of its rivals Axie Infinity, Illuvium and The Sandbox. This positions PIKA as a prime candidate for potentially exponential growth in the next few months.
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Bitcoin is almost always a great option for investment. But there’s reason to be even more bullish about it this time of 2024.
The world’s first cryptocurrency is going through its halving event this month. Bitcoin halving is usually accompanied by an increase in price.
After the first halving, BTC’s price shot up by 9,900x. Similarly, the second halving saw an increase of 2,900 per cent. After the third halving, its price increased by 700x. Now we’re looking forward to the fourth halving, which will take place before April 2024 ends.
While we can’t say exactly how much the price will go up this time, history tells us it could be a big jump. Some crypto experts like Tommy Lee, Head of Research at Fundstrat, are already speculating about its price to shoot up to half a million USD. Others like Peter Brandt, Factor CEO, offer a bit more conservative outlook of 200,000 within the next year or so.
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Ethereum, the second-largest cryptocurrency, has been a prominent player in the crypto industry for a long time. The Ethereum 2.0 upgrade shifted the network to a proof-of-stake consensus mechanism. Plus, the Ethereum ETF are also on the horizon, generating significant excitement within the community.
Ethereum was one of the first altcoins created as an alternative to Bitcoin. No wonder then it is currently the most valuable cryptocurrency after Bitcoin.
Ethereum’s blockchain introduced smart contracts – self-executing digital agreements with the terms and conditions written into the source code. Today, there are over 1,400 applications and developer tools on the Ethereum blockchain.
In 2023, Ethereum completed its transition to a proof-of-stake transaction verification system, which is more energy-efficient than the previous proof-of-work model. This transition has made Ethereum a greener investment compared to Bitcoin.
Looking ahead, ETH benefits from several positive factors, such as its expanding network effects and billions in network revenue, the Dencun upgrade, a thriving Layer 2 ecosystem, and growing applications for its security budget.
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Solana has been gaining significant traction in the crypto space due to its high-speed and low-cost transactions. With a current market capitalization of over $78 billion, Solana is giving a tough time to Ethereum especially in 2024. This year many Solana-based meme coins have been making headlines one after the other.
Solana is a blockchain platform known for its high throughput and designed to support modern internet applications. The blockchain uses a combination of Proof of Stake and Proof of History consensus mechanisms to validate transactions on the network.
With Solana, developers can integrate once and not have to worry about scalability issues in the future. The network maintains a single state worldwide as it scales, ensuring composability between projects on different ecosystems. There is no need to deal with fragmentation of the Layer 2 systems or sharded chains.
Thanks to Solana’s scalability, transactions remain cost-effective at less than $0.01 for both developers and users, making it an ideal choice for businesses and projects looking for efficient blockchain solutions.
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Avalanche (AVAX) is another high-performance layer 1 blockchain that offers a super fast speed of over 4,500 transactions per second. Introduced in 2020.
Avalanche incorporates advanced consensus protocols that support Ethereum Virtual Machine (EVM) compatibility, allowing developers to effortlessly transfer projects from Ethereum to Avalanche.
Avalanche provides a secure and efficient platform for decentralised applications, financial assets, and custom blockchain networks. Its high throughput and low latency make it a compelling choice for developers seeking scalability.
The platform’s EVM compatibility allows for easy migration of Ethereum-based applications with minimal hassle. This interoperability enables cross-chain integration and collaboration opportunities.
With impressive throughput capabilities surpassing competitors, Avalanche stands as a cutting-edge smart contract platform ready to meet the demands of Web3 and the evolving metaverse economy.
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Cardano ($ADA) is a third-generation blockchain platform that provides a more secure and scalable infrastructure for dApps and smart contracts. With a market capitalization of over $20 billion, Cardano has established itself as a major player in the cryptocurrency space.
Cardano’s unique approach to blockchain technology involves separating accounting and computation into two separate layers, which allows far more flexible and scalable smart contract execution. This design decision sets Cardano apart from other blockchains like Ethereum, which operate on a single layer.
Additionally, Cardano’s consensus mechanism, called Ouroboros, is based on peer-reviewed academic research and aims to be more secure and energy-efficient than traditional Proof of Work systems. This commitment to sustainability aligns with the trend towards environment-friendly blockchain solutions.
Cardano’s emphasis on interoperability and scalability makes it a compelling option for developers interested in scalable dApps. The upcoming Alonzo upgrade will bring smart contract functionality, positioning it to compete with other top smart contract platforms in the market.
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Binance Coin ($BNB) is the native token of Binance, the world’s largest cryptocurrency exchange. With a market capitalization of over $82 billion, BNB has expanded past mere facilitating transactions on Binance.
Binance Coin offers several utilities in the Binance ecosystem. These include trading fee discounts, participation in token sales on the Binance Launchpad, and access to various DeFi services on the BSC. This wide range of use cases has contributed to the sustained growth and adoption of BNB.
Moreover, like Pikamoon (PIKA), BNB also employs a burn mechanism, where a portion of BNB tokens are regularly destroyed. This deflationary aspect of BNB has been a key factor in its price appreciation and long-term investment potential.
In addition, Binance Coin’s integration with the Binance Smart Chain (BSC) allows for fast and economical transactions, making it an excellent option for DeFi.
With plans to further enhance interoperability with other blockchains through projects like the Binance Bridge, more payment processing options, and increased DeFi capabilities, BNB is poised to remain a prominent player in the cryptocurrency market.
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Uniswap is a decentralised cryptocurrency exchange that utilises smart contracts, also known as liquidity pools, to facilitate trades. The protocol is powered by the Ethereum blockchain, ensuring secure and efficient transactions for users.
Uniswap stands out from other DEX platforms by not using an order book and instead utilising the Constant Product Market Maker Model.
With over half of all DEX volumes processed and a daily average volume of $1 billion, Uniswap has earned a strong market share and user trust.
The platform has over 250,000 unique addresses interacting weekly, showcasing its growing adoption and widespread acceptance in the crypto community.
Moreover, the UNI token airdrop incentivizes users to provide liquidity, ensuring a stable foundation for trading activities.
That said, the recent v3 upgrade introduced concentrated liquidity, enhancing trade execution and showcasing Uniswap as a technologically advanced player in the DeFi space.
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Although Solana-based meme coins have made the biggest splash this year, the world’s first meme coin remains a top crypto to invest in April 2024. It was the standout star of the previous bull market, and with another bull run looming, DOGE still holds potential and interest from the crypto community.
Dogecoin has experienced a decline in the past year, but we believe it is primed for a resurgence. Meme coins tend to perform well during hot periods in the crypto market, which is currently the case.
Moreover, Dogecoin has transcended its origins as a meme coin and is now widely accepted for payments. Major companies like Tesla, Twitch, Bitrefill, Gamestop, AMC, AirBaltic, and Newegg all accept Dogecoin.
The resilience of Dogecoin against competitors like Shiba Inu and Pepe showcases its longevity in the market.
Although still a distant possibility, the potential for Dogecoin to have its own ETF in the future is not out of the question. If this were to happen, we could see a significant increase in the price of $DOGE.
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The Graph is an open-source software used for gathering, processing, and storing data from various blockchain applications to streamline information retrieval.
By collecting and analysing blockchain data, The Graph creates and manages multiple indexes called Subgraphs to enable applications to query its protocol for instant responses.
Moreover, The Graph token (GRT) serves as a utility token within the ecosystem, incentivizing node operators to provide indexing and query processing services. This creates a decentralised network of nodes that ensures reliable and efficient data retrieval for dApp developers.
Over the years, the Graph has become an essential component of the DeFi infrastructure. Many popular Ethereum dApps such as USDC, Curve, Aave, SushiSwap, MakerDAO and Uniswap employ this decentralised blockchain network.
With even more Defi applications set to leverage this secure and efficient method for acquiring Ethereum blockchain data, the future looks bright for this cornerstone technology.
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The signs mentioned below can pinpoint you towards the “next big thing in crypto”:
All said, investing in cryptocurrencies requires careful consideration and research. All of the options mentioned above have their own unique strengths and weaknesses, presenting interesting opportunities for investors in April 2024.
However, Pikamoon ($PIKA) tops our list as the best crypto to invest in right now. Its unique value proposition as a meme and Gamefi token, transparent team, clear roadmap, deflationary tokenomics and rapidly growing community make it a compelling choice for those who want a crypto with the potential for exponential growth.
For those who want a risk-free approach, diversifying your cryptocurrency portfolio with all of these options could provide a balanced approach to investing in April 2024.
Pikamoon is trading on Uniswap, Bitget, and MEXC at the moment.
Pikamoon (PIKA) is one of the most affordable crypto to purchase right now. Its recent listing on three crypto exchanges saw early investors reap upwards of 700x gains on their initial investments. As previously mentioned, PIKA boasts a transparent team, unique tokenomics, a clear roadmap, an active & dedicated community and a clear moon potential. PIKA is set to eclipse the performance of Gamefi tokens like AXS, SAND and ILV in the previous bull run.
Look for cryptocurrencies with solid foundations, strong development teams, real-world use cases, and active communities. BTC and ETH are usually the safest bets, but diversifying your portfolio with low-risk high-reward options like Pikamoon (PIKA) can increase your chances of success.
The world of crypto is constantly changing, so “best” changes every day. Generally established coins like SOL, ETH and BTC are good options due to their widespread use and established presence. However, new and emerging options with strong utility, scalability and community support, such as Pikamoon (PIKA) are gaining widespread attention for their potential growth.
Predicting the crypto market’s direction can be difficult due to inherent volatility. But good cryptocurrency projects that are scheduled to undergo major updates and developments in 2024 (such as Pikamoon’s upcoming listings on major tier 1 exchanges, full game release and open world metaverse integration) may see an increase in user interest and value.
When looking further into the future, the success of crypto depends on one key factor: User adoption.
Projects focussing on DeFi, GameFi, and NFTs hold the most potential due to the integration of the world economy. GameFi, for instance, is expected to grow at a CAGR of 27% till 2023 (according to Business Research Insights).
Therefore, projects like Pikamoon (PIKA) that incorporate GameFi, and NFTs are bound to see an exponential boom in 2025 and beyond.
Pikamoon is looking like it could be the next 100x crypto to invest in. While it pumped once to nearly 700x on launch, it has since entered a consolidation phase. Therefore, we are confident that another 100x price pump could be here soon in the near future.
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