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Finbold

03/14/2024

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Cryptocurrencies priced in cents set to reach $1 in April 

With the most assets in the cryptocurrency market witnessing gains unseen in years, some might represent better investment opportunities than others, and some of them are still priced in cents, promising...

Cryptocurrencies priced in cents set to reach $1 in April 

With the most assets in the cryptocurrency market witnessing gains unseen in years, some might represent better investment opportunities than others, and some of them are still priced in cents, promising future gains that could lead them to surpass the $1 mark in the coming month.

In this context, Finbold has analyzed the most prominent digital assets, their recent performance, and positive developments, to arrive at the list of three that could erase a zero in their price and move into the ‘priced in dollars’ category out of the ‘cent’ zone during April.

#1 XRP (XRP)

One crypto that could achieve this is XRP, which has been demonstrating bullish action on its charts, leading pseudonymous crypto analyst Dark Defender to proclaim that “April will be hot” for the XRP token, suggesting the targets at $1.88 and even $5.85 in the coming weeks.

Picks for you

XRP price action analysis. Source: Dark Defender

For now, XRP is changing hands at the price of $0.6855, recording a slight daily decline of 0.66% but nonetheless increasing 9.72% in the last week and advancing 29.10% on its monthly chart, according to the most recent information on March 14.

XRP 30-day price chart. Source: CoinMarketCap

#2 The Sandbox (SAND)

Next is the native token of a blockchain-based virtual world that allows users to create, build, buy, and sell digital assets in the form of a game, The Sandbox (SAND), which crypto expert CoinsKid has observed might run not just to $1, but well beyond, according to an X post on March 14.

SAND price action analysis. Source: CoinsKid

At press time, The Sandbox’s token was trading at $0.75112, suggesting a 1.39% drop in the last 24 hours, whereas it has advanced 8.61% in the previous seven days, adding up to the monthly gain of 58.09%, as per the latest charts retrieved by Finbold.

SAND 30-day price chart. Source: Finbold

#3 Cardano (ADA)

Finally, Cardano (ADA) is nearing the $1 milestone that it could break in April,  particularly as it has crushed the yearly highs and is trading at levels unseen since 2022, as well as hitting an all-time high (ATH) in terms of its total value locked (TVL), which currently stands at $532.12 million.

Cardano TVL. Source: DeFi Llama

In terms of price, Cardano currently stands at $0.79166, which represents an increase of 3.58% on the day, as well as a more significant advance of 9.02% across its weekly chart, in addition to growing its value by 43.08% in the last 30 days.

Cardano 30-day price chart. Source: Finbold

Conclusion

All things considered, the above assets might represent the best crypto investment for April as long as they retain their bullish momentum and positive sentiment. That said, things in this sector can sometimes change on a whim, so it is important to carry out one’s own research before crafting a crypto investment strategy.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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