Top Cryptocurrencies to Monitor by April 2024

18 views 1:40 pm 0 Comments May 14, 2024

The cryptocurrency market experienced a slight rebound following the recent downturn, with the global market cap increasing by 0.3% in the past 24 hours to reach $2.56 trillion. Notably, Bitcoin’s (BTC) halving event has concluded, hinting at a potential price upsurge in the near future.

Further Reading: Cryptocurrency: Best 3 Coins To Monitor This Week

In this regard, let’s delve into three noteworthy assets as we approach the end of April.

Leading 3 digital currencies to monitor by April conclusion 2024

Bitcoin (BTC):

bitcoin btc us dollar cryptocurrency usdbitcoin btc us dollar cryptocurrency usdSource: Shutterstock / In Green, adapted by Blockworks

Bitcoin (BTC) remains the dominant player in the market, guiding the trajectory for other assets. Following its halving, BTC showcased a modest recovery, surpassing $66,000. Additionally, Eric Balchunas, an ETF expert at Bloomberg, highlighted that BlackRock’s BTC ETF has witnessed 69 consecutive days of capital inflows. The BTC ETF from the world’s largest asset manager is on the verge of entering the top 10 ETFs list.

More Insights: Bitcoin: Blackrock’s BTC ETF Nearing Top 10 List

As per CoinCodex’s projections, the original cryptocurrency could reach a new peak of $74,375 on Thursday, April 25, 2024.

Source: CoinCodex

CoinCodex forecasts BTC to sustain its upward momentum in the coming weeks, potentially hitting $87,124 by May 19, 2024.

Shiba Inu (SHIB):

shiba inu cryptocurrency coinshiba inu cryptocurrency coinSource: Unsplash

Shiba Inu (SHIB) stands out as one of the most sought-after cryptocurrencies, registering a remarkable 23% surge over the past week. CoinCodex predicts a continued bullish trend for SHIB in the upcoming weeks, projecting a rise to $0.00003967 by April 30, 2024. Achieving this level from the current position would signify an increase of approximately 48.3%.

Source: CoinCodex

Toncoin (TON):

ToncoinToncoinSource: Twitter

Despite reaching an all-time high on April 11, 2024, TON has recently encountered a notable correction, declining by 10.3% in daily charts and 12.4% in weekly charts.

Nonetheless, the trajectory of this asset is poised for a potential shift. According to CoinCodex, TON could establish a fresh peak later this month, reaching \(8.68 by April 30, 2024. Furthermore, the platform anticipates a continued rally for the cryptocurrency in May, targeting \)19.71 by May 21, 2024.

Source: CoinCodex