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The crypto market is poised to close out March on a strong note, with Bitcoin trading above the $71,000 mark, and major altcoins recovering from the broader market correction that occurred in the second part of the month.
As Bitcoin rallies, altcoins tend to follow suit, presenting investors with an opportunity to capitalize on potential gains. In this article, we’ve analyzed 10 promising cryptocurrencies that offer high potential for returns in April. We’ll cover each one in detail, explaining why they could be among the best altcoins to invest in for the upcoming month.
Which cryptos have the most potential right now?
- Dogecoin20 (DOGE20) – Offering staking rewards and liquidity for a new meme coin project.
- 5th Scape (5SCAPE) – A VR/AR ecosystem with games, hardware, and a utility token.
- eTukTuk (TUK) – Introducing electric tuk-tuks and a decentralized platform for sustainable transportation.
- Green Bitcoin (GBTC) – Gamified green staking with rewards for accurate Bitcoin price predictions.
- Internet Computer (ICP) – A decentralized internet and global computing system.
- Beam (BEAM) – A blockchain ecosystem tailored for the gaming industry.
- Clearpool (CPOOL) – A DeFi protocol for institutional borrowers and decentralized lenders.
- Tectum (TET) – An ultra-fast blockchain with a proprietary consensus mechanism.
- Banana Gun (BANANA) – A Telegram trading bot for sniping presale tokens and rapid crypto trading.
- Wicrypt (WNT) – A decentralized mobile internet sharing and monetization network.
Dogecoin20 (DOGE20) – The best meme coin to invest in now
Dogecoin20 (DOGE20) has been one of the hot stories in crypto recently, raising an impressive $10 million in just over a week since its crypto presale launch. With a total supply of 140 billion DOGE20 tokens, the project has captured the attention of investors seeking exposure to the meme coin craze.
During the presale, only 35 billion tokens are available, ensuring early investors have a substantial entry point at a discounted price.
To ensure a seamless transition into the market and provide liquidity for traders, Dogecoin20 has allocated 10% of the token supply for liquidity provision on Uniswap, one of the largest decentralized exchanges.
This move is quite important for Dogecoin20’s entry into the highly competitive meme coin space, allowing for efficient trading and fostering a robust ecosystem.
The project offers a staking protocol where investors can earn passive income by holding and staking DOGE20 tokens through smart contracts on the Ethereum blockchain. According to DOGE20’s whitepaper, 15% of the token supply is allocated for staking rewards, with projected reward rates of 100% per year for early stakers.
Dogecoin20 aims to ensure liquidity post-launch by allocating 10% of the token supply for this purpose. This liquidity provision on Uniswap, one of the largest decentralized exchanges, is crucial for Dogecoin20’s entry into the meme coin space.
Dogecoin20 is part of the growing trend of meme coins in the crypto market and looking to capitalize more here, with cryptos like DOGE, WIF, PEPE, SHIB, BOME, etc. experiencing big price rallies since late February.
5th Scape (5SCAPE) – the best VR crypto project
5th Scape is an ambitious Virtual Reality (VR) project that aims to create a comprehensive VR and Augmented Reality (AR) ecosystem, encompassing hardware, software, and content.
With a focus on VR gaming, hardware, and animations, the project has set its sights on making VR accessible to everyone by developing immersive VR experiences compatible with popular headsets like Oculus Rift and the upcoming Meta Quest 3.
At the heart of 5th Scape’s offering is a diverse array of 3D VR games, each designed to deliver engaging gameplay mechanics, captivating narratives, and high-quality visuals. Titles such as MMA 3D, Cricket 3D, Soccer 3D, Archery Master, and Thrust Hunter promise to transport gamers into fully realized virtual worlds, pushing the boundaries of what is possible in the VR gaming realm.
However, 5th Scape’s ambitions extend beyond just software. The project introduces innovative hardware solutions, including the VR Ultra headset and the SwiftScape VR Chair.
These cutting-edge products are designed to enhance the immersive VR experience, offering features like high-resolution visuals, ergonomic comfort, precise motion tracking, and swift motion support, ensuring that users can fully immerse themselves in the virtual worlds they explore.
At the core of the 5th Scape ecosystem is the project’s native token, 5SCAPE. This token serves as a universal currency, facilitating interactions across games, hardware products, and the developer marketplace. Token holders can stake their tokens, earn rewards, and participate in decision-making processes, fostering a vibrant and engaged community.
To fuel its growth and development, 5th Scape conducted a presale of 5SCAPE tokens, offering early-stage investment opportunities.
The presale involves a strategic token allocation, with 80% of the total token supply released, aiming to raise up to $15 million. At the time of writing, this crypto presale has already raised an impressive $2.4 million after just over a week since its launch.
eTukTuk (TUK) – eco-friendly crypto
eTukTuk is a project that aims to provide sustainable transportation solutions by introducing electric vehicles (eTukTuks) powered by a transparent and decentralized platform. This initiative focuses on reducing air pollution caused by traditional internal combustion engine (ICE) TukTuks through zero tailpipe emissions.
By integrating blockchain technology, eTukTuk ensures transparency, security, and accountability in vehicle ownership, usage, and maintenance data.
The platform enables users to access and book eTukTuk rides easily, promoting eco-friendly transportation options in urban areas. eTukTuk also offers solutions such as electric vehicle supply equipment (EVSE) charging stations, zero-emission vehicles (ZEVs), power staking, and a utility token (TUK) to power its ecosystem.
Through partnerships with governments, NGOs, and local communities, eTukTuk envisions transforming transportation systems in developing countries, fostering economic growth, and improving environmental sustainability.
The eTukTuk project has gained significant attention, with an ICO raising $2.5 million, capitalizing on the growing eco-friendly investing trends in the crypto space.
By introducing sustainable electric vehicles and a decentralized platform, eTukTuk aims to revolutionize transportation in developing nations, addressing issues such as air pollution, carbon emissions, and the need for accessible and environmentally conscious mobility solutions.
Green Bitcoin (GBTC) – hot crypto presale
Green Bitcoin (GBTC) is an innovative project that introduces gamified green staking, allowing users to earn rewards by accurately predicting Bitcoin prices.
The project aims to combine sustainability with cryptocurrency investments, offering a +way for users to engage with the market. GBTC has gained significant attention, with a crypto presale raising over $9.25 million, demonstrating the growing interest in environmentally friendly initiatives within the crypto space.
Green Bitcoin’s gamified green staking works by allowing users to earn rewards through accurate Bitcoin price predictions.
Users lock their Green Bitcoin tokens ($GBTC) into the Gamified Green Staking mechanism and make daily price forecasts. Those who predict Bitcoin prices correctly can earn rewards from the daily staking reward pool, with earnings levels based on their investment amount and commitment duration.
The staking model offers bonuses for different staking periods, such as a 5% bonus for weekly staking and a 10% bonus for monthly staking. Additionally, Green Bitcoin allocates 27.5% of its total supply to provide rewards for price prediction contests over two years, distributed in ten-minute intervals.
By participating in GBTC, users have the opportunity to make profits in the crypto space while contributing to environmentally friendly initiatives, aligning their investments with sustainable practices.
Internet Computer (ICP)
The Internet Computer (ICP) project aims to create a decentralized internet and global computing platform by enabling independent data centers worldwide to collaborate through a set of protocols.
It introduces a new approach to hosting applications directly on the public internet, departing from the centralized model dominated by major tech companies. The ICP token plays a vital role in governance, rewarding network participants, and facilitating transaction fees within the network.
Developed by the DFINITY Foundation, the Internet Computer Protocol offers a blockchain network that prioritizes efficiency, speed, and decentralization in computation and data storage. It enables the creation of decentralized applications (dApps) on its platform, running on a decentralized network of dedicated hardware and processing transactions swiftly.
The ICP token serves as the native utility token, facilitating governance, compensating nodes, and incentivizing ecosystem participants. The project’s innovative technologies, such as chain key cryptography, ensure the platform’s security and efficiency.
With a current market cap of around $8.8 billion, ICP is an established coin and one of the top 20 cryptocurrencies globally by market capitalization, highlighting its significance and potential within the crypto landscape.
Beam (BEAM) – the best gaming crypto to buy
BEAM is closely tied to the gaming industry, offering a specialized blockchain ecosystem tailored for gaming purposes. This platform simplifies game development complexities, enhances user experiences, and focuses on player-centric interactions.
BEAM’s ecosystem includes the Merit Circle DAO, a gaming-focused decentralized autonomous organization, which has partnered with Immutable, a leading gaming platform, to expand and enrich BEAM’s gaming offerings. This collaboration aims to leverage Immutable’s cutting-edge technology to enhance the overall gaming experience within the BEAM network.
Source: beam.mw
Additionally, BEAM provides the Beam SDK, a flexible software development kit that empowers game developers with tools to create engaging gaming experiences. Owning the BEAM token allows individuals to participate in governance within the Merit Circle DAO, interact with the BEAM network, and engage broadly with the gaming industry.
The partnership between Merit Circle DAO and Immutable represents a significant step towards seamlessly integrating blockchain technology into gaming, shaping the future of the industry through BEAM’s advanced features and functionalities.
With a current market cap of $2 billion, and considering Axie Infinity’s $44 billion market cap at the peak of the previous bull run, BEAM has substantial room for growth as the gaming narrative gains traction.
Clearpool (CPOOL)
Clearpool (CPOOL) is a decentralized finance (DeFi) protocol designed for institutional borrowers and decentralized lenders. It serves as a marketplace for uncollateralized liquidity, allowing digital asset institutions like crypto hedge funds and market makers to access unsecured liquidity without the risk of liquidation. The protocol operates on the Ethereum and Polygon blockchains, offering a unique credit market for institutions.
The native CPOOL token serves as both a governance and utility token within the protocol. It is an ERC-20 token with a maximum total supply of 1 billion. Staking CPOOL is essential for borrowers, and it is also used as a reward for lenders. Clearpool is led by experienced professionals from the blockchain, fintech, and internet sectors.
Institutional borrowers on Clearpool must undergo a whitelisting process that includes KYC procedures, AML checks, credit risk assessments, agreeing to terms & conditions, and staking CPOOL tokens. Once whitelisted, a pool is launched for the borrower.
With a market cap of around $120 million, despite the coin’s recent 125% pump, CPOOL still has room for growth during this bull run, catering to the institutional demand for decentralized finance solutions.
Tectum (TET)
The Tectum blockchain network stands out by implementing an exclusive Proof-of-Utility (PoU) Consensus and an ultra-fast Network Protocol, as detailed in the Tectum White Paper.
This unique PoU protocol enhances data distribution efficiency, while the Network Protocol allows nodes to distribute and validate more than 1 Million digital events per second. This positions Tectum as one of the quickest blockchains currently available.
Source: tectum.io/tectum-token
In contrast, traditional blockchains like Bitcoin and Ethereum process significantly fewer transactions per second, with Bitcoin handling between 4.6 to 7 TPS and Ethereum managing 12 to 25 TPS.
Even faster networks like Cardano and Solana reach only 250 and 29,000 TPS, respectively. Tectum surpasses these with a peak performance speed of 1.38 Million TPS, ensuring both rapid transactions and high security and flexibility.
Tectum’s premier offering, SoftNote, is marketed as the pioneering “Transactionless” Payment System, delivering instant payment solutions and a zero-fee structure for users.
Despite its strong foundation and innovative approach, Tectum remains an under-the-radar entity in the blockchain space with a market capitalization of $159 million, suggesting a potential for significant growth within the evolving blockchain environment.
Banana Gun (BANANA)
A Telegram-based trading bot called Banana Gun offers two primary services: trading and sniping. The trading service allows users to securely purchase tokens already listed on the Ethereum blockchain, while the sniping service enables users to acquire tokens from upcoming token launches before others.
Although Banana Gun currently only supports Ethereum, the project has plans to expand its support to additional blockchain networks in the future.
The Banana Gun cryptocurrency project aims to provide users with the ability to swiftly snipe presale tokens and engage in rapid crypto trading. Introduced in July 2023, it offers two main services: “Manual Trade” with a 0.5% fee and “Automatic Sniper” with a 0.75% fee.
At the core of Banana Gun’s technology is a Telegram bot that facilitates crypto trading activities. This bot allows users to automatically buy upcoming cryptocurrencies, manually purchase existing tokens, and sell the tokens they own.
The project’s documentation, known as Banana Academy, provides detailed instructions on using the bots, covering various aspects such as “Auto Sniping,” “Manual Buying,” “Selling,” “Limit orders,” “General Settings,” and “Transfer ETH.”
The BANANA token, the native cryptocurrency of the Banana Gun project, is a fungible token that operates on the Ethereum blockchain, where it was minted in September last year. With a current market cap of around $110 million, the BANANA token plays a crucial role in the project’s ecosystem.
Wicrypt (WNT)
Wicrypt is a decentralized mobile internet sharing and monetization network that empowers users to control their mobile internet data. The Wicrypt protocol employs end-to-end encryption of user data, bills users for data consumed, and credits hosts who share their internet connections.
Source: wicrypt.com
Hosts stake WNT (Wicrypt Network Tokens) to join the network and earn rewards for sharing their internet connections. WNT holders can participate in the governance of the network, and the token is used to reward hosts and incentivize clients.
WNT serves as the native cryptocurrency powering the Wicrypt ecosystem. Additionally, Wicrypt introduces NFTs (Non-Fungible Tokens) that represent devices on the blockchain, allowing users to mint NFTs as proof of ownership for their devices.
Users can mine WNT tokens by sharing their WiFi or mobile data connections, bill connected clients, and earn money in the process. The project aims to create a global open-data network through real-time data transmission to the blockchain via NFTs. Wicrypt also offers opportunities for staking WNT to increase rewards and provides features like creating feedback forms, displaying ads, and earning extra income.
With a low market cap of around $5 million, WNT presents a potential 100x opportunity in this emerging segment of the crypto market.
Conclusion – best cryptocurrencies to invest in now
The altcoins we’ve highlighted in this article represent some of the best cryptos with growth potential in April 2024 and beyond.
From innovative platforms like Dogecoin20 and 5th Scape, which are revolutionizing the meme coin and virtual reality spaces, respectively, to eco-friendly initiatives such as eTukTuk and Green Bitcoin, these projects offer unique value propositions that resonate with the changing landscape of the cryptocurrency industry.
In addition to Internet Computer (ICP), emerging coins such as Beam (BEAM), Clearpool (CPOOL), and Tectum (TET) are also poised to flourish in their respective fields, whether it is decentralized computing, gaming, or institutional finance.
Furthermore, projects like Banana Gun (BANANA) and Wicrypt (WNT) are introducing solutions in the sectors of trading and mobile internet sharing, showcasing the boundless potential of blockchain technology.
So, keep an eye on these altcoins, as they could very well be the catalysts that drive the next crypto boom in 2024 and beyond. But remember, thorough research and a diversified portfolio are key to capitalizing on the market’s potential gains.
*Cryptonomist did not write the article or test the platform.
