Top 6 Monthly Watchlist for April: Promising Cryptocurrency Projects to Keep an Eye On
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1. $JTO
- Jito stands out as the most undervalued among the new $SOL Eco projects (PYTH/JUP/JTO).
- Projects like Wormhole, Parcl, Zeus Network, Kamino Finance, Ionet, Tensor, and Drift protocol are gearing up for their token launches in April.
- Jito is compared to Lido + Flashbots, making #JITOSOL one of the best LST on Solana.
2. $ENA
- Ethena Labs' high revenue from $sUSDe is akin to the "Anchor x Luna" of this cycle.
- Arthur Hayes actively promotes $ENA, highlighting the growing importance of Key Opinion Leaders (KOLs).
- Ethena's addition of $BTC as collateral is expected to boost TVL and reflect positively on $ENA's price.
3. $BICO
- Biconomy's solution is utilized by global giants like JPMorgan and Mercedes Benz.
- Jump Capital/Manifold Trading recently participated in a strategic funding round, hinting at market making possibilities.
- Biconomy's relevance to tokenization (RWA) is significant, despite being relatively under the radar.
4. $PENDLE
- Pendle is considered the best proxy for Eigenlayer (Eigen-beta).
- Pendle Finance's YT product yields returns multiple times the principal, driving FOMO and reaching new ATH in TVL and Volume.
- Restaking projects like Zircuit, Renzo, Puffer, Kelp, Swell, and BedRock are preparing for their token launches.
5. $SUI
- Sui's inaugural global conference, "Sui Basecamp," is scheduled for April 10th to 11th.
- The speaker lineup includes representatives from a16z, Visa, VanEck, and Red Bull.
- Similar to Aptos, there are speculations that significant catalysts might be announced during the conference.
6. $LUNA
- The outcome of the Do Kwon case is anticipated to be revealed in April.
- A positive outcome or the resumption of @stablekwon X(Twitter) could propel $LUNA's price upward.
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