The growing sentiments reflect the broader market's eagerness for the upcoming altcoin season with Bitcoin's April halving. With altcoins known for larger and sharper moves than Bitcoin, due to their low market capitalization, investors are looking for the next best performers.
In such a time of hoarding the next best potential altcoin, we present to you such alternative cryptocurrencies to Bitcoin. With the potential to earn higher returns, these altcoins come with significant use cases and/or community support.
So let's go.
Singularity.NET
As market participants go crazy for AI-based projects, the AGIX token presents itself as a token with great potential. Additionally, with the buzz of a merger with other major AI crypto companies, the demand continues to rise.
With a massive rise of almost 400% over the past two months, AGIX price shows huge underlying potential to reach new highs. Currently, the AI token is trading at $1.30 and shows a potential upward trend to reach the $2.15 mark in April. Shorter term, the breakout of $1.42 will signal an entry spot for secondary traders.
Bitcoin Cash
As the Bitcoin rally aims to reach the psychological $100,000 mark with a sprint in April, Bitcoin Cash could benefit from this rally. Moreover, with the positive increase of the Bitcoin halving on April 19, the BCH price may reach the $1,000 mark in April.
According to Fibonacci levels, BCH price is ready to surpass the 38.20% Fib level in the weekly chart. With a massive 104% jump in the last 30 days, the Bitcoin Cash price trend is gaining momentum.
As Bitcoin Cash’s all-time high is $4,300, the upside potential for the altcoin is huge.
Shiba Inu
No list of best bets in the crypto industry can be complete without the Shiba Inu token. As the second largest coin, known as Doge-killer, the price trend of SHIB is always in the spotlight.
While the meme coin is up 139% over the past 30 days, SHIB price is trading above the $0.000030 mark. With a post-retest reversal in the weekly chart, Shiba Inu sets a bullish scene for April.
If the uptrend continues, SHIB price could reach the $0.000054 mark in April.
Wireless
The largest coin in the Solana ecosystem, Dogwifhat, represents a massive $4.532 billion market. As the meme coin surges by 331% in just 30 days, WIF price is preparing to extend the uptrend towards higher highs in April.
With a potential altcoin season in April, undervalued meme coins like WIF could soar and yield massive returns. Taking a conservative approach, trend-based Fibonacci levels predict a jump to $7 or $10.
FLOKI
As one of the top performers among top meme coins, FLOKI is another community bet on our list. Additionally, with hype and FOMO being the main catalysts for recent bull runs, the FLOKI meme coin is the near-perfect choice.
With a rounded bottom ready for a bullish breakout and rebound from the support trendline, FLOKI price could soon rise. Additionally, the meme coin is gaining momentum, returning 652% over the past 365 days.
Therefore, with the bullish breakout of $0.00030, the meme coin could reach the $0.00060 mark, an increase of over 100% from the current market price of $0.000242.
Conclusion
With meme coins, AI tokens and the Bitcoin close being our best altcoin bets for April 2024, a massive market-wide surge is expected. In such a case, the uptrend could lead to higher targets in our best bets.