Top crypto predictions for April 2023
- The top cryptos to look have an eye on this April are BTC, XRP, ADA, SHIB, and HBAR.
- The global crypto market maintains a $1.1 trillion range.
Due to this year’s strong performance of the Bitcoin price, the total cryptocurrency market cap, excluding BTC, has underperformed. The technical indicators for the total crypto market cap are encouraging. TheNewsCrypto looks into some of the most important cryptocurrency predictions for April.
Further, altcoins finally catch up to Bitcoin’s pace. If so, this might pave the way for significant price increases in April 2023 for XRP, Cardano, Shiba Inu, and Hedera. The bullish divergence predicts a potential increase in the market cap of all cryptocurrencies.
Here’s a detailed read that will help you find out all the potential trending cryptocurrency prices in 2023.
Bitcoin (BTC)
- Market Cap: $549 billion
- 24H Trading Volume: $16 billion
The largest cryptocurrency in the world, Bitcoin, reached its ten-month high at $29,000 levels and is still trading steadily at levels above $28,400 at the time of writing. Once Bitcoin failed to overcome the significant resistance level, its price began to decline. Following that, BTC jumps to the immediate resistance level of $29,000 and is still trading in the range of $28.5K to $28K.
The BTC bull is working hard to reach levels of $30,000, and its dominance is steadily growing. For the first time since May 2022, BTC dominance has risen above 45%, reaching a ten-month high. At the time of writing, Bitcoin traded at $28,445 and had surged over 71% year to date and 20% in a month. Also, BTC soared around 3% in the last 24 hours and signals a “strong buy” signal, which may result in a price rise.
Ripple (XRP)
- Market Cap: $26 billion
- 24H Trading Volume: $2 billion
Attention on Crypto Twitter and the XRP community are focused on the winning strategy in the Ripple vs. SEC case. Additionally, the price of altcoins rose while the top cryptocurrencies traded in the red and finished the past two weeks as the best performers.
Additionally, the largest whale activities near XRP have increased. And XRP’s price has risen to $0.58, a ten-month high, since May 8, 2022; XRP hasn’t accomplished this feat before. Further, the XRP community’s dominance in the market has surged.
At the time of writing, XRP traded at $0.5161, climbing about 21% in a week and 36% in the last 14 days. YTD, the price of XRP has increased by about 51%, but it’s down by around 2% in the last 24 hours.
Cardano (ADA)
- Market Cap: $13 billion
- 24H Trading Volume: $573 million
Bulls in the Cardano (ADA) market are driving significant price increases in the global crypto market at the moment. Also, the 4th largest altcoin is moving toward becoming a top chain that is compatible with the Ethereum Virtual Machine with the upcoming release of a new feature that will enable users to easily use an EVM contract directly from any ADA wallet.
Significantly, Cardano’s (ADA) price increased 58.5% in the year to date. At the time of writing, ADA traded at $0.39 with a 24-hour trading volume of $574 million, which soared about 29%. Also, Cardano’s price jumped about 7% in a week, indicating a “buy signal.”
Shiba Inu (SHIB)
- Market Cap: $6 billion
- 24H Trading Volume: $192 million
While the SHIB army awaits the meme token price surge, Shibu Inu (SHIB) is still underperforming. However, a current on-chain development might portend the beginning of a bull run for this meme coin. On March 20, SHIB experienced the year’s biggest spike in token age consumed.
However, current spikes on the graph indicate a significant number of tokens moving after being inactive for a while. At the time of writing, Shiba Inu traded at $0.0000109 with a 24-hour trading volume of $193 million, an increase of about 22.5%. Also, the SHIB price has climbed over 35% year to date and 3% in the last 24 hours.
Hedera (HBAR)
- Market Cap: $2 billion
- 24H Trading Volume: $183 million
The Hedera (HBAR) network has made the necessary moves since 2023 began. Its distinctive Hashgraph technology is now attracting the attention of other cryptocurrency investors. Hedera coin received a sizable inflow, which caused its price to soar from a range of $0.057 to $0.075, rising by 31% in just 4 days between March 28 and April 1. At the time of writing, HBAR traded at $0.07008, up over 17.3% in a week and 101% in the year to date.
Recommended for you
Read more: https://thenewscrypto.com/top-crypto-predictions-for-april-2023/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
