Crypto analysts are predicting that five tokens could potentially dominate the altcoin market in April. In a recent YouTube video, one of the CryptoBusy channel’s hosts, Tom, provided an in-depth look at the five altcoins he believes will make a powerful impact on the cryptocurrency market in April 2023.
He pointed out that it will mark the start of another quarter, which typically brings with it increased trading activity and investor interest. Additionally, Tom discussed how the altcoins chosen have all demonstrated strong potential in terms of their technological capabilities and uptake among users.
Tokens on heat in the market
When it comes to altcoins, Tom has a clear favorite: dYdX. He believes that this token could benefit significantly from the current challenges faced by Binance and expects an increased adoption of decentralized exchanges (DEXs), with dYdX at the forefront of this new wave.
He also has high hopes for Polygon, citing recent updates to the platform that make it a viable alternative to Ethereum. In light of the price action seen in the past few months, he anticipates a significant build-up in upside momentum for MATIC, Polygon’s native currency, which he believes will drive its price even higher in April.
Zilliqa has earned a spot in Tom’s top five altcoins for April, due to the addition of the Ethereum Virtual Machine (EVM) to its network. Tom believes this will be a major game-changer that could drastically increase the price of the cryptocurrency in the coming month.
Tom also included XRP in his list, as it is currently embroiled in a legal battle with the Security and Exchange Commission (SEC). He anticipates that the expectation of a resolution to this case will lead to the classic ‘buy the rumor, sell the news’ scenario, which should help drive up its value over April.
