There are thousands of cryptocurrencies in the market. Most investors are searching for top cryptocurrencies capable of generating returns. However, it is also important to choose a potentially capable token that is based on a theme and is able to sustain market volatility. Are you wondering what cryptocurrencies to invest in, in April 2022? Well, then, you are at the right place.
Top Cryptocurrencies to Invest in in April 2022
Ethereum is an open-source, public blockchain that enables the end-user to run a custom code with its smart contract feature. After Bitcoin, Ethereum has the second largest market cap in the crypto universe and accounts for about 20% of the overall market.
Ethereum is an extremely popular blockchain globally, as most smart contracts, NFTs, and many tokens are built on top of ETH. It is also soon going to update its proof-of-work to proof-of-stake for being faster and more efficient. This, along with rising awareness about crypto and blockchain, means that ETH is still a relatively safe investment when it comes to top cryptocurrencies for April 2022.
Polkadot is popular for its lower transaction fees and higher speed when compared to other cryptos. And this is precisely one of the reasons why investors are keen on picking it up. The other reason why it makes it to top cryptocurrencies to invest in April 2022 list is its Polkadot Parachain auctions, which are attracting a lot of investors’ attention.
These Parachains connect to Polkadot by leasing a slot on the Relay Chain for up to 96 weeks, with an option to renew. Parachain slots are assigned by an on-chain auction, with auction winners locking up a bond in DOT for the duration of the lease. With these factors in mind, Poladot or DOT seems like an exciting prospect for the long term.
THORChain (RUNE) is a platform that allows users to exchange cryptocurrency assets easily. It also lets its users swap assets in a permissionless manner without relying on a centralized exchange. Most investors are attracted to RUNE for several reasons, one of its high staking rewards.
RUNE is soon planning for technical developments in its ecosystem. It is looking forward to launching its new features, such as market orders, peer-to-peer credit lending, and leveraged trading. This decentralized liquidity protocol surged before its most awaited mainnet launch and integration with Terra. With the new integration, Terra can bring the LUNA token and TerraUSD stablecoin to the THORChain. RUNE can add more trading and staking options within the ecosystem. The token will now also be supporting all Cosmos-based projects. THORChain has been planning its mainnet launch since late 2021, which will add great potential to the platform.
Theta Network (THETA)
Theta is an open-source protocol purpose-built to power the decentralized streaming network allowing for vertical DApps to be built on the platform to enable eSports, TV, movies, education, and more.
For the same reason, investors and crypto enthusiasts remain bullish on this token in both the short and the long term.
MANA is one of the most established coins at the forefront of building the Metaverse space. The cryptocurrency offers its users an opportunity to create and experience all types of content on individual pieces of land, commonly called parcels. It is a virtual world powered by blockchain tech, enabling users to buy land and create assets.
Major giants have also announced their launches in the Metaverse world, such as J.P.Morgan, Samsung, Adidas, and Atari. This can be seen as a vote of trust, making the token worth taking a look at.
With the global demand for cryptocurrencies growing day by day, adding these top cryptocurrencies to your portfolio can be a smart way to catch hold of future value creation. But while these are good options, at the same time, do your research on them before investing in them.
And if you are not sure about investing in single crypto, well, we have an answer for that. Mudrex Coin Sets are crypto tokens based on themes. Coin Sets let you invest in ideas that you believe in and grow your wealth in the long run.