The post Top 5 Altcoins That Will Dominate in April – Predicts Crypto Analyst appeared first on Coinpedia Fintech News
In a recent video analysis, tom crypto analyst Tom Busby identified five altcoins that he believes will dominate in April: dYdX, Polygon, Zilliqa, XRP, and Ethereum.
dYdX: The Decentralized Exchange for a Changing Market
As centralized exchanges come under fire for security breaches and other issues, decentralized exchanges like dYdX are gaining momentum, the expert noted. dYdX is a decentralized exchange platform that enables users to buy and sell cryptocurrencies through a peer-to-peer network. With the recent incidents with Binance, there is a bit of a green light for Dexes recently, so dYdX and others may have room to grow within the space. The coin was worth $2.58 at press time.
Polygon: A Scaling Solution for Ethereum
Polygon (MATIC) is a layer two scaling solution that aims to solve the scaling issues of Ethereum. Polygon’s zero-knowledge VM Beta is the leading zero-knowledge scaling solution that is equivalent to Ethereum virtual machine. This technology allows Ethereum-based contracts to run on Polygon, making it an attractive option for developers who want to migrate DApps onto other blockchains. MATIC is valued at $1.14 currently.
Zilliqa: A Promising Altcoin with High Potential for Growth
Zilliqa is currently trading at $0.028 and has shown steady growth over the past few months, said Tom. The EVM compatibility is coming to Zilliqa, enabling Ethereum-based contracts to run on it, making it easier for developers to migrate their DApps onto other blockchains.
XRP: A Solid Performer in the Crypto Market
XRP has been in the news recently due to its ongoing legal battle with the SEC. However, there is a lot of speculation that this case could be settled soon, which could lead to a significant price increase, as Tom pointed out. There is a lot of good potential for XRP in the immediate short term seeing as how it remains strongly unaffected by the current market-wide tumble. The Ripple-issued token is currently worth $0.58 and has been up by over 21% in the past seven days.
Ethereum: A Time-Tested Altcoin That Continues to Evolve
Tom said Ethereum continues to be a strong performer in the cryptocurrency market. The Shanghai upgrade, which is happening soon, will improve scalability and efficiency. With its strong track record and ongoing development, Ethereum remains a solid option for investors looking for an altcoin with long-term potential. At press time, it was trading at $1,820.