April was a long-awaited month for the crypto market and its investors. The halving takes place this month, asset mining reward event that especially benefits Bitcoin currency (BTC). Based on this, market experts listed the 7 best cryptocurrencies to invest in during this period.
A consultation, carried out by InfoMoney, heard from eight companies specializing in crypto assets. Despite market volatility, Bitcoin should continue to be the preference among investors. Nonetheless, this whole scenario, guarantees greater space in digital wallets for other currencies as well.
How halving mobilizes the market?
Halving is a rare update that cuts cryptocurrency issuance in half. The event takes place approximately every 4 years and, historically, presents a significant appreciation of the asset affected during the cut.
Until today, all recorded halving cycles were favorable for the increase in Bitcoin’s value. For this reason, Experts still continue to see the currency as the safest and most conservative bet for the moment.
Which currencies to invest in?
The experts consulted pointed out 20 tokens for possible investments in April. This is a considerable increase taking into account the previous month, where only four were mentioned. Nonetheless, only currencies that received more than two votes made the list of best investments of the period.
Bitcoin was mentioned by seven of the eight companies consulted, pointing out that it is better to keep it in your wallet. Check the list in full order, also followed by the monthly return for the month of March:
- Bitcoin (BTC) – return of 17%
- Stacks (STX) – return of 4%
- Ethereum (ETH) – return of 22%
- Pendle (PENDLE) – return of 61%
- Solana (SOL) – return of 46%
- Ronin (RON) – return of 40%
- Render (RNDR) – return of 31%
“Smart Contract” draws attention
A surprise for the month of April was Stacks (STX). The coin is part of the “Smart Contract” platform. In translation, smart contracts have been a market trend and have now attracted attention due to the expressiveness of mentions. The token received 5 recommendations from experts.
Another highlight goes to Solana (SOL), direct competitor to Ethereum (ETH). The cryptoactive has been in high demand, in addition to significant growth in trading volume.
