The 3 most profitable digital currencies of April

Alternative cryptocurrencies shone in April as markets rebalanced after a nearly miserable first quarter.

As a sign of this improvement, the total value of the crypto market has increased by 63 percent to 431 billion, according to CoinMarketCap. rose to dollars. Traders who wanted to resist risks profited because of it.

Bitcoin gained 32 percent, while its dominance rate fell from 45 percent to 36.9 percent.

Still, Ethereum (ETH), Big coins like Ripple (XRP) and Litecoin (LTC) weren’t all that bright. Money has seen a shift from major cryptocurrencies to shallower markets.

As the data shows, some coins with smaller market sizes benefited greatly from the decline.

Best monthly performance. Here are the cryptocurrencies showing:

EOS

Monthly performance: 193 percent increase
All-time high: $22.89
Opening price on April 1: $6.00
Close price on April 30: $17.58
Current market price: $17.58
Rank by market cap: 5

EOS almost doubled in April. It rose to $22.89 on April 29, breaking the previous record of $18.67 on January 13, breaking the all-time high.. Daily trading volume, on the other hand, rose 915 percent month-on-month in April.

Cryptocurrency gave all the right signals in April.. Prices rose sharply on the rise until April 15 and held that level throughout the month.. This increase is likely due to the investor community’s interest in the platform’s anticipated mainnet launch.

Also, the news of the Block.one joint venture and its listing on Upbit, one of the largest crypto exchanges in South Korea, may have had a positive impact. .

TRON

Monthly performance: 176 percent increase
All-time high: $0.30
April 1 opening price: $0.033955
Closing price on April 30: $0.093777
Current market price: $0.090563
Ranking by market cap: 9

Tron (TRX) approaching a 90 degree rise in April, It may be related to the growing interest in the community for the upcoming Blockchain update (Tron will eventually move from Ethereum to TRX chain).

Additionally, on April 21, representatives of Tron reported that the news would increase TRX prices. Although the name is not clear, he announced an airdrop of 30 million TRX to the Ethereum community.

TRX is currently trading at $ 0.09 on Binance. The token may do better in May.

Cardano

Monthly performance: 126 percent increase
All-time high: $1.33
April 1 opening price: $0.15
closing price on April 30: $0.34
Current market price: $0.369254
Ranking by market cap: 6

Cardano (ADA) in April was lower than its competitors performed well. In addition, crypto exchange Binance launched Cardano-Binance Coin (ADA/BNB) and Cardano-Tether (ADA/) on April 19th. USDT) added trading pairs.

Source: CoinDesk