Best Crypto To Invest In Right Now April 2024

Looking to invest in cryptocurrencies? You’re in the right place! In this post, we’re going to talk about some top picks for cryptocurrencies that could be worth your attention, especially if you’re looking to ride the wave of potential growth.

Now, the world of cryptocurrencies can be a bit overwhelming, especially with all the ups and downs in the market. But don’t worry, we’re here to break it down for you in simple terms.

As the crypto market changes, people start talking about which coins might shoot up in value, especially during what’s known as a “Bull Run” – that’s when prices are rising fast. Figuring out which ones could be winners is super important if you want to make smart investment moves.

So, in this article, we’re going to focus on specific cryptocurrencies that experts think have a good chance of growing a lot. We’ll explain why these coins are getting attention and what factors might make their value go up.

Whether you’re a seasoned investor or just dipping your toes into the crypto world, stick around as we explore these potential winners and help you make informed decisions about your investments.

Top Cryptocurrency To Buy Right Now

Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) are among the top cryptocurrencies to invest in. Bitcoin is the largest cryptocurrency by market capitalization and is considered the best crypto to buy right now. It is considered to be the closest to being used as actual money, has a clear use case, and benefits greatly from widespread adoption. Ethereum, the second-largest cryptocurrency, is a favorite of program developers due to its potential applications, like smart contracts and non-fungible tokens (NFTs). Binance Coin is the native token of the Binance platform, which is one of the largest and most well-known cryptocurrency exchanges in the world.

When choosing the best cryptocurrency to invest in, it is important to consider your individual goals, investing timeline, and risk profile. Additionally, you should do your due diligence to make sure that any crypto project you are interested in is legitimate and secure. In general, investors should consider the following when evaluating a crypto: market capitalization, liquidity, security, and use case.

For those looking to invest in cryptocurrency stocks, CME Group (CME), PayPal Holdings, Inc. (PYPL), Block Inc. (SQ), Interactive Brokers Group Inc (IBKR), and SoFi are among the best crypto stocks of April 2024. These stocks have diversified, profitable business models and attractive valuations based on fundamental metrics such as price-to-earnings (P/E) ratio and price-to-sales ratio. They also have leading market shares, positive analyst coverage, and relatively low debt levels.

Good Crypto To Invest In Right Now

5th Scape’s initial coin offering has raised more than $4 million, fuelling discussion about the company’s ability to disrupt the gaming industry. Arbitrum’s market performance has been volatile, rising by 2.67% to $1.47 in a single day. Avalanche has recently caught the attention of cryptocurrency investors, thanks to a large influx of investment from high-net-worth people.

Best Crypto Stocks To Invest In Right Now

The best crypto stocks to consider for investment include Coinbase Global (COIN), CME Group, PayPal Holdings, Inc. (PYPL), Block Inc. (SQ), Interactive Brokers Group Inc (IBKR), and SoFi Technologies Inc.

These companies are well-established in the cryptocurrency sector and offer exposure to the industry while also running significant business operations outside the crypto space. Coinbase Global, in particular, has undergone significant transformation, diversifying its revenue model and expanding internationally, making it a promising investment option. Additionally, CME Group is involved in trading Bitcoin and Ethereum futures, providing exposure to the crypto market through derivatives.

Investors looking to capitalize on the growth of the cryptocurrency market can consider these crypto stocks as they offer a way to benefit from the industry’s potential while also providing diversification and stability due to their broader business operations.

Top 5 Crypto To Invest In Right Now

1. Polygon (MATIC)

Looking at Polygon (MATIC), it’s a layer-two scaling solution that works on Ethereum. People are talking about its potential for growth, especially with more and more folks using Web3 protocols and smart contracts. Right now, this altcoin has a total value of around $8.6 billion, and about $280 million gets traded daily.

Now, it’s had its ups and downs lately. Over a week, it took a 9% dip, and over a month, it dropped by about 15.55%. But zoom out, and you’ll see it’s surged by a whopping 59.22% over the past six months.

Looking at the MATIC price chart, things seem a bit mixed in the short term, with some ups and downs, but it’s showing a big rise over the long haul. Right now, its price is bouncing around between $0.96 and $1.07, and there’s talk that it might break past that $1 mark.

One thing about Polygon is it’s known for teaming up with different blockchain projects, which helps keep its ecosystem buzzing and the demand high.

Additionally, the upcoming upgrade of MATIC to POL is viewed as a promising fundamental development that could further bolster the token’s price in the long run. Following Ethereum’s recent London hard fork upgrade, the Polygon network has witnessed a surge in on-chain activity attributed to reduced transaction fees.

Market data reveals that the Polygon network holds a total value of approximately $1 billion and has generated fees amounting to around $111k from a 24-hour trading volume of approximately $112 million across its web3 protocols. With over $9.9 billion in bridged total value locked (TVL), Polygon stands to benefit from the increasing adoption of Ethereum’s web3 ecosystem, largely propelled by institutional investors.

2. 5th Scape (SCAPE)

Let’s break down 5th Scape (SCAPE) – it’s been making waves in the gaming world. They’ve managed to raise over $4 million in their initial coin offering (ICO), which has got people buzzing about how they might shake up the gaming industry.

What’s got folks really interested is how 5th Scape is blending virtual reality (VR) gaming with blockchain tech. This combo has caught the eye of crypto investors who see big potential in this fresh approach.

So, with $4 million already in the bag from the ICO, there’s a lot of talk about 5th Scape potentially growing big time in the near future. Their goal is to create an ecosystem where top-notch gaming experiences meet the power of blockchain tech. And they’re not stopping there – they’ve got plans for all sorts of immersive VR games, like realistic sports sims, combat games, and high-octane racing thrills.

One standout feature from 5th Scape’s plan is the perks for 5SCAPE token holders. They’re offering lifetime access to their gaming library and some sweet staking rewards. Plus, they’re planning to set up a decentralized creator marketplace where 5SCAPE tokens are the main currency for buying and selling.

By mixing VR gaming with Web3 principles, 5th Scape is aiming for a gaming experience like no other. It’s an ambitious vision that seems to be drawing a lot of interest in their ICO.

3. Arbitrum (ARB)

Let’s dive into Arbitrum (ARB) and its recent activity on the market. There’s been quite a bit of movement lately. At the latest check, ARB Coin was sitting at $1.47, marking a 2.67% increase for the day. But it’s been a bit of a rollercoaster ride. Back in March, there was a big dip after 1.1 billion ARB tokens were unlocked.

Over the past 20 days, the altcoin has seen a decline of over 30%. But it seems like things might be stabilizing around the $1.4 mark, with efforts to keep support above that level. And despite the recent ups and downs, the sentiment around Arbitrum’s price prediction seems to lean towards optimism. The Fear & Greed Index, a measure of market sentiment, is sitting at 75, indicating a sentiment of “Greed” among investors.

Looking at the ARB price chart, trading activity has been well above the 200-day Simple Moving Average (SMA) by over 40%. This suggests there’s been quite a bit of action in the market, which usually means there’s decent liquidity.

One interesting development to note is Arbitrum’s collaboration with Anchorage Digital. This partnership is expected to boost institutional adoption and help grow the Arbitrum ecosystem. Anchorage is providing custody services for Arbitrum-based assets like Ether, USDC, and ARB. Plus, there are plans in the works for “governance support,” which could improve the platform’s functionality.

According to Steven Goldfeder, one of Arbitrum’s co-founders, Anchorage is just one of several crypto custodians holding Arbitrum-based tokens. This partnership shows that the project is serious about expanding its reach and making digital assets more accessible.

4. Avalanche (AVAX)

Let’s take a closer look at Avalanche (AVAX) and the recent buzz it’s been generating in the crypto world. Lately, it’s been getting a lot of attention thanks to a wave of investment from some big players in the game – we’re talking high-net-worth investors here. These folks have been scooping up AVAX tokens like nobody’s business, with each of them grabbing anywhere from $1 million to $10 million worth. In just three days since April began, they managed to snap up nearly 52 million AVAX tokens, totaling over a whopping $2.1 billion.

This sudden surge of interest from these crypto whales tells us something big – they’re feeling pretty confident about the potential for AVAX prices to go up. Analysts are even predicting a possible increase of around 23.5% from its current trading price of $47.54. If that pans out, we could see AVAX hitting $60, which would be just a tad above its year-to-date high of $65.

Looking at the AVAX price chart, we can see some pretty impressive stats. It’s had an intraday increase of 5.88%, hitting that $47.54 mark. And zooming out to the past year, AVAX has seen some serious growth – a whopping 168%. Technically speaking, Avalanche is trading above its 200-day simple moving average, which is usually a good sign of positive momentum.

Plus, it’s showing strong liquidity based on its market capitalization. All in all, with the hefty investment from these crypto whales and the positive performance metrics, things are looking pretty bullish for Avalanche. But hey, it’s important to remember that investing always comes with risks, so it’s wise to do your homework and consider all the factors before diving in.

5. Sui (SUI)

Let’s dive into Sui (SUI) and the recent developments making waves in the crypto space. Sui has just dropped a big announcement – they’re teaming up with DRIFE, a Web3 Mobility infrastructure provider. This partnership is all about making life easier for users and partners in the ride-hailing sector. And DRIFE isn’t stopping there – they’re planning to hop onto the Sui Blockchain to help expand the decentralized mobility infrastructure.

But that’s not all. Sui is also rolling out the red carpet for developers, making it easier than ever for them to launch their projects on the platform. Right now, SUI is trading at $1.63, marking a 4.04% jump for the day, and it’s trading above the 200-day simple moving average. Looks like it’s been doing pretty well compared to its initial token sale price.

Taking a peek at the SUI price chart, we see some impressive numbers. Their Decentralized Exchange (DEX) volume saw a massive surge, hitting over $2.88 billion in March – that’s a whopping 49% increase from February. And platforms like Cetus and DeepBook have been driving this surge, bringing in over $830 million in trading activity in just the past week, according to reports from DeFiLlama.

Since January 2024, Sui has been making some serious moves in the DeFi space. They’ve smashed through a total locked value (TVL) of $700 million earlier this week, which marks a jaw-dropping 1900% increase since October 2023. Plus, their transaction volume keeps climbing, setting the bar high for the DeFi ecosystem.

During its mainnet era, Sui pulled off an impressive feat – processing a staggering 65.8 million daily transactions, setting a new record in blockchain history. This shows just how committed Sui is to keeping their network running smoothly and efficiently.

And here’s an interesting tidbit – SUI has seen five times more inflows from Ethereum over the last three months than Avalanche and 78% more than Solana. It’s a clear sign that interest and confidence in the Sui ecosystem are on the rise within the crypto community.