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The global crypto community is in a state of high anticipation for the upcoming Bitcoin Halving event on April 20, and now, retail investors are scrambling to find the best crypto to buy ahead of the major catalyst event. In this article, deep-dive the 3 best crypto to watch in the month to come.
The Bitcoin halving event is just around the corner, and yet top coins like Bitcoin and Ethereum are trending lower in a dent to sentiment on the short-time frame.
But with value seekers and retail investors undeterred, the search for the next big thing is still on – and smart investors are taking advantage of the dip to double down. It is easy to see why: Opportunity only favors the brave.
Indeed, the dampened sentiment has also had a knock-on impact on overall market excitement, as traders anticipate that the impact of the Bitcoin halving might not be immediate for BTC’s price.
Bitcoin halving will be a sell on the news imo.
Similar to the Bitcoin etf’s release.
I would be a buyer of that dip.
— Heisenberg (@Mr_Derivatives) April 4, 2024
This is why diversifying a portfolio with potent, high-growth altcoins may offer better rewards in the near future. It could help unwind recent losses and position for the bigger bull run ahead.
3 Best Crypto Coins To Watch Ahead Of Bitcoin Halving This April
As Q2 2024 kicks off slowly, traders are all in on the following coins as capital shifts to avoid the broader retrace in crypto markets.
Best Crypto to Buy #3 – Ethena (ENA)
(ENAUSDT)
Ethena Labs, the issuer of ENA and the developer of what’s arguably one of the top DeFi projects to watch in 2024, is in focus – investor optimism is high, and it is easy to see why.
Reputable analysts think Ethena Labs is filling the gap that Terraform Labs and LUNA left, gifting the crypto and DeFi community irresistible yields.
Ethena Labs issues USDe, a synthetic stablecoin tracking the value of the USD, with easy mechanisms for holders to earn a yield.
It’s also worth noting that Arthur Hayes, a well-respected figure in the sphere, actively promotes Ethena.
Hayes co-founded BitMEX, one of the first crypto derivatives platforms. Moreover, Ethena Labs is backed by heavyweight crypto venture capitals, including Binance.
There is also the “Sats Campaign” in progress.
Details on Season 2: Sats Campaign 💥
Details in the following tweet: pic.twitter.com/f4LUjP49Xh
— Ethena Labs (@ethena_labs) April 1, 2024
And, Ethena is about to get even more interesting – in the coming days, they plan to add Bitcoin as collateral. Irrefutably, this will push their already high total value locked (TVL), currently at over $1.8 billion, further boosting prices.
Since its launch and listing on top crypto exchanges on April 2, ENA has been up +120%, trading at over $1.1 when writing.
Best Crypto to Buy #2 – Sui Network (SUI)
(SUIUSDT)
Since launching, Sui Network (SUI) has been taking the crypto world by storm.
Sui Network aims to improve Ethereum weakness; meaning their goal is to scale and lower transaction costs, and in order to do this, they use a system that doesn’t sacrifice scalability and security.
SUI prices might be under pressure, dropping in the past 24 hours. Even amid this, the coin is up roughly +400% from its all-time lows of $0.3643 registered in October, 2023.
Pronunciations from the “Sui Basecamp,” scheduled for April 10 to 11, could be possible catalysts in the days ahead, the speaker lineup during this conference boasts big names like a16z, Visa, VanEck, and Red Bull – fuelling holder hopes and optimism for the weeks ahead.
Best Crypto to Buy #1 – Dogecoin20 (DOGE20)
The meme coin market is worth over $60Bn, and even with BONK, PEPE, and other popular Solana meme coins plunging in early April – market appetite for the latest skyrocket remains high – with activity still thriving on BASE and BLAST DEX markets.
However, the market is heating up with the arrival of top crypto to watch, Dogecoin20, which has already raised over $10 million in the ongoing presale.
Fireworks are expected once it launches on Uniswap on April 20, the Doge Day (and Bitcoin Halving day).
The launch date is strategic: DOGE20 holders will likely benefit from the significance of this day; with a series of high-octane major CEX listings initiating.
At the heart of this rally will be the mega-following Dogecoin20 has enjoyed in the recent past. To bolster this community spirit, in anticipation of a deluge of trading activity on April 20, Dogecoin20 developers have also taken steps to ensure liquidity by allocating 10% of the total supply for Uniswap.
The Bottom Line: Don’t Miss Out On Best Crypto to Watch In April 2024
Bitcoin will likely take center stage in April, as all eyes look towards the rapidly approaching Halving event in a little over two weeks.
However, traders are training their eyes on ENA, SUI, and DOGE20.
Dogecoin20 is especially the topic of discussion and might surge, even outperforming ENA and other top DeFi coins – due to its extremely low market cap.
Indeed, already, some analysts think DOGE20 is the next PEPE – so stay tuned.
EXPLORE: New BASE Meme Coin PEACH Skyrockets – But Could DOGECOIN20 Outperform Based Peach Token?
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
