For cryptocurrencies, April was relatively neutral. While more than 100% of the altcoin has gone up, bitcoin (BTC) slightly dropped.
In addition, increases remain significantly lower than in March, with more than 500 percent of five coins.
The ten coins that increased the most in April are:
- DOGE – 484%
- BTG – 132%
- KCS – 145%
- ETC – 144%
- SOL – 141%
- ZEN – 138%
- XRP – 136%
- VET – 127%
- MKR – 104%
- MATIC – 102%
DOGE is the “doge” meme related cryptocurrency. Although originally created as a joke, it became more famous with different celebrities, including Elon Musk, and in April.
Its primary use in online communities such as Reddit has been to tipping. While there is no important case of use nor does it give the blockchain industry anything especially modern, during its business cycles DOGE was known to have substantial pumps.
On the Bitrue exchange on April 25 it was listed.
DOGE decreased after it reached a high all-time price of 0,45 dollars on April 16. With regards to its price movement.
Nevertheless, on 23 April the pattern seemed to have reverted and a new all-time high price is predicted to steadily rise still.
Bitcoin Gold (BTG)
BTG was founded in October 2017 and is a BTC furnaces. On block 419,406 the fork transpired.
While the biggest distinction between mining with standard GPUs and more advanced ASICs lies in several identical fundamentals with the BTC. Although the access barrier is quite low and rather open to all, GPU mining incentives are equally spread.
Thus BTG strives to restore Bitcoin network decentralization.
Since April 11, when it was up to $119 BTG has been moving downwards. To date, the support of the 0.382 Fib has surged to $76. At $63 we have the next support.
KuCoin Token (KCS)
KCS is the KuCoin exchange’s native token. It started in 2017 for the first time. It helps traders to derive value in the form of a regular dividend, through exchanging income. Upon exchange trading payments, users who carry a large number of KCS earn regular dividends.
The dividend’s exact sum depends on KCS and the volume of exchange trading each day. In addition, consumers using KCS to pay KuCoin trading fees are entitled to substantial discounts of up to 80%.
On April 19, KCS was included on the AscendEX trade and two days later on the MXC market.
Since April 10, however, KCS has managed to bounce down, theoretically completing a fourth wave pullback, on April 17.
Ethereum Classic (ETC)
ETC has been released in July 2016 as a fork in Ethereum. This was due to a discrepancy between the ETH network members. More precisely, there was controversy about the treatment of the hack and the reversal of the blockchain to neutralize its effects.
His first appeal was primarily those not in accordance with Ethereum’s response. It has since become more common, though, because it’s listed by Grayscale as a Grayscale investment fund.
ETC decreased after 17 April, but on 23 April it managed to rebound to a level of 0.618 Fib retracement aid of $25. Since then, it has moved up.
In March 2020 SOL was launched, despite the project concept launching in 2017. Like ETH, the SOL protocol enables decentralized applications to be created (dApps). SOL’s proof of history consensus mechanism is one of the most unique facets.
The accessibility of Decentralized Funding (DeFi) worldwide remains a longer-term objective for the Solana Foundation.
Since April 17, SOL has increased in parabola and moved above the 2.61 external fiber resistance traceability. On April 27, it succeeded in achieving a new, always high price. At $52,50 we will find the closest resistance.
In May 2017 ZEN was initially launched. The project is sponsored by a decentralized facility of over 40,000 nodes that enables multiple sidechains to be created. They will run at the same time as they are attached to the original blockchain.
The main chain uses proof-of-work technology and proof-of-stake technology on its side chain side.
ZEN concentrates on information privacy and enables companies to create their own blockchains using the above-mentioned “Zendoo” technology. On 21 April, it was classified on LBank.
After bouncing at the $86 support zone, ZEN has been rising since April 18. However, a double top pattern could be produced.
The RippleNet payments platform’s native token is XRP.
Instant money transfers worldwide are the objective of the organization. XRP is ultimately meant as an alternative to existing forms of payment like SWIFT.
Similar to KCS, XRP is now seeking new tops and is apparently completing a fourth wave pullback.
Initially, in June 2016, VeChain (VET) was launched. It’s a blockchain platform designed to create an ecosystem for solving key supply chain management problems.
VET is one of the two native blockchain tokens used for creating value (alongside VTHO). Their model appeals to companies that want to reduce the friction of the supply chain.
Since 17 April, VET has moved downward. When it started a rebounce, it still trade below the resistance range of 0.225 $ when it reaches the 0.5 $ 0,146 Fiber retracement support.
MKR is the Maker Protocol and MakerDAO management token. The DAI stablecoin enables users to handle and emit it. It started in 2017 for the first time.
While MKR token does not pay dividends, it provides holders with voting shares on the development of the Maker Protocol.
One of the pioneering ventures of a DeFi scene was the Maker ecosystem.
Since the fall of a resistance line on April, MKR has increased. She succeeded in recovering the $3,050 area shortly afterwards.
The following nearest resistor is $5.245.
Polygon is an Ethereum blockchain-built framework. Its usage makes ETH a multi-chain mechanism close to that used by Cosmos (ATOM) and Avalanche possible (AVAX). It also benefits from the safety and environment of Ethereum. It also offers its own wallet for the storage of cryptocurrencies.
Polygon is aiming at connecting various Ethereum compliant blockchain networks.
MATIC, the original coin, helps safeguard the mechanism and allows for the rights governance.
Since the outbreak of a descending resistance line on 26 April, MATIC has increased parabolically. It managed to get up by 134 percent in just two days. On April 28th, it hit $0.8972 in new all-time high prices.