Top Five Cryptos to Watch as April Approaches

As March’s rollercoaster ride comes to an end, looking to usher in April, investors can switch their focus to these five cryptocurrencies in the weeks ahead.

The crypto market had an incredible March, which brought a new all-time high for Bitcoin and a significant drawdown in the aftermath.

With things seemingly cooling off now and market conditions reentering a bullish phase, the following cryptocurrencies may capture the eye of investors.

Top Five Coins to Watch In April and Beyond

Bitcoin (BTC)

After setting a new all-time high of $73,750 in March, expect Bitcoin to continue to be the center of attention as the new month unfolds. Evidently, the rebound from its recent $61,000 lows to above $70,000 at the time of writing has already boosted the prospects of a new all-time high in the coming weeks.

Spot Bitcoin ETFs have been the primary driver of Bitcoin demand and saw inflows slow down in the third week of March. However, with that correction now in the rearview, the stage may be ultimately set for Bitcoin to continue to impress. BTC will be looking to add to its current year-to-date returns of 65%.

Shiba Inu (SHIB)

Shiba Inu had a fruitful March with more than 30% returns and a stint that saw it come close to overtaking Dogecoin as the largest meme-inspired cryptocurrency by market cap.

Even though Shiba Inu has since slipped and lost some ground to Dogecoin, that impressive fight for supremacy may resume in the coming weeks.

Shiba Inu currently has a market cap of $18 billion, which is $12 billion less than Dogecoin. However, one might expect SHIB to bridge the gap by a few billion.

Shiba Inu currently trades around $0.00003233, which has increased by approximately 20% in the past week alone.

XRP

XRP is another top cryptocurrency to watch, especially after Ripple’s case with the SEC took a new turn this week. As reported by The Crypto Basic, the SEC seeks to impose a $2 billion fine, which Ripple (the company) has revealed it is not willing to pay to settle the long-standing legal battle.

With Ripple having until April 22 to file its report, investors may anticipate a wild ride before and after the company makes its case against the proposed fine. Notably, the filing will be made public on April 24, and its impact on XRP’s price may be telling.

XRP Investors will be hopeful that regardless of the outcome, the cryptocurrency will beat its current 10% monthly gains posted in March.

Such an outcome could potentially save XRP from losing its position as the sixth-largest cryptocurrency to USDC, which is now just $200 million away from overtaking it.

WEN

Launched in February by Solana’s leading DEX aggregator, Jupiter, WEN is one of the top trending altcoins. The memecoin has gained over 300% in the past month and secured its first major listings with Bybit and Crypto.com, unlocking the culture-based coin to millions of new users.

WEN is currently trading around $0.0004132, with a $300 million market cap suggesting more room for growth. With potential listing on Coinbase and Binance still a possibility in the coming month, WEN may catch the eye of investors seeking to allocate more funds to their meme portfolio.

Cardano (ADA)

Despite multiple bullish predictions about Cardano, the coin has so far struggled to impress, with a 4% gain in the month of March. In the process, Cardano lost its position as the 8th largest cryptocurrency, relinquishing it to Dogecoin. 

The coming weeks present an opportunity for Cardano to fight back, especially with Avalanche lurking in 10th place with just $3 billion separating both coins. Recent developments around the Cardano ecosystem and general bullish market sentiment all boost the cryptocurrency’s chances of an uptrend. 

On the other hand, dropping to 10th and even lower could nail its fate and make Cardano a less popular choice for investors.