The entire market has been green over the last few days. But traders are still wondering which altcoins to hold and which to eliminate from their portfolio.
Understanding that, Chris, the host of Cheeky Crypto, a Youtube Channel that focuses on cryptocurrency, has highlighted the top 6 altcoins that will make you rich in April 2022.
The first altcoin mentioned on the list is Solana (SOL). Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide DeFi solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation, with headquarters in Geneva, Switzerland.
Solana is a decentralized blockchain built to enable user-friendly app scalability for the world. Becoming more decentralized over time will happen with Solana, but with the backers of this particular project and the investors in this particular project, it’s going to do really well. SOL is trading at $135.91 for now and ranking number 6 by market cap.
SOL Chart | Source: Coinmarketcap
The second altcoin on the list is Terra (LUNA). Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
This is a fantastic project. It’s got good technology and a good team. This altcoin is currently trading at $114.03, ranking number 8 by market cap. This is not going to end.
LUNA Chart | Source: Coinmarketcap
The third one mentioned on the list is Cardano (ADA). Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.
Many people hate this project, but it is still a fantastic project with great technology. There are going to be a lot of projects that start to onboard onto the ecosystem of Cardano around June and July. We will continue to see the total value locked increase over time. ADA is changing hands at $1.18, ranking number 9 at press time. We’ve seen some fantastic opportunities.
ADA Chart | Source: Coinmarketcap
The next altcoin on the list is Avalanche (AVAX). Avalanche is the fastest smart contracts platform in the blockchain industry, measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
It’s fantastic for dApps, and it’s low cost. It’s eco-friendly. This is totally a fantastic project, and we are expecting some fantastic price discovery for this one, currently ranked 10th by market cap.
We’ve seen some immense growth, and this will be something that continues more and more. Influencers start to talk about it and realize how good technology is. These projects are good opportunities for some gains and profits.
AVAX Chart | Source: Coinmarketcap
The fifth one is called Harmony (ONE). Harmony is a blockchain platform designed to facilitate the creation and use of DApps. The network aims to innovate decentralized applications work by focusing on random state sharding, which allows the creation of blocks in seconds.
They’re a fantastic community. There’s lots of opportunity and lots going on in this project. The Board Ape Yacht Club comes to Harmony. This is really exciting news about seeing what happens and the total value locked again decrease, but it’s on the increase again in line with many others in the space. This altcoin is currently down 1.56%, at $0.16, and ranked number 61 by market cap.
ONE Chart | Source: Coinmarketcap
The sixth and final project is another solid project that not many people were talking about. It is currently at $1.59 at press time, ranked 535th, up 1.75% at press time. This is an immense project that really truly levels. And that altcoin is SingularityDAO (SDAO).
SingularityDAO has created the first decentralized, non-custodial, dynamically adjusted baskets of tokens (DynaSets) controlled by a team of traders aided by and eventually handing over majority control to highly advanced Artificial Intelligence, the likes of which are leveraged daily on Wall Street but are as yet unknown in the crypto space.
Some great yield farming opportunities and staking opportunities with this one really work. Because it has a solid team. That’s why it takes sixth place on the list.