The selling pressure that has engulfed the cryptocurrency market since November last year has driven almost all altcoin projects away from ATH levels by half. In his recent analysis, Thoa Tran shares 4 altcoin projects that will most efficiently continue the current bullish momentum in April. Let’s take a look at the analyst’s expectations, keeping in mind that the estimates are not certain.
4 altcoin projects to watch in April
Kusama (KSM) was built by the team that developed Polkadot, a company known as Parity Technologies. The project is basically an experimental blockchain platform designed to provide a massively interoperable and scalable framework for developers and enable interoperability. It aims to bring all of the blockchains together and transfer assets from one chain to another. According to analyst Thoa Tran, with this vision, Kusama could mark the rest of the year.
The next altcoin, Audius (AUDIO), is a decentralized music streaming protocol that was originally built on the POA network but later migrated to Solana. Audius was launched to address the inefficiencies of the music industry, plagued by opaque music rights ownership and intermediaries standing between artists and their audiences. One might think of it as a Spotify competitor. AUDIO, which also provides staking pools for passive income seekers, is trading at $1.38 at the time of writing.
The third altcoin Sandbox (SAND) is a Blockchain-based virtual world that allows users to create, build, buy and sell digital assets in the form of a game. By combining the strengths of DAOs and NFTs, Sandbox creates a decentralized platform for a thriving gaming community. As we mentioned in the cryptokoin.com analysis, SAND has been trading in the $3.50 region for a while. As it soon reached the ATH price of $8.44, it could be tracked in April.
The latest altcoin project Injective (INJ) provides access to unlimited decentralized financial markets. Users can create any financial market on Injective’s fast, cross-chain, zero gas fee, secure and fully decentralized exchange protocol. INJ is the native cryptocurrency of the Injective Protocol. INJ is a scarce token used for management, exchange value, liquidity mining and staking. 60% of all exchange fees are used to buy back and burn INJ every fortnight, allowing the INJ supply to decline significantly over time.
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