TOP FIVE COINS FOR APRIL 2024 READY TO EXPLODE đ€Ż
1. Solana ($SOL )
Market cap: $ 80billion
Developed to help power decentralised finance (DeFi) uses, decentralised apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake.
2.Cardano ($ADA )
Market cap: $25 billion
Somewhat later to the crypto scene, Cardano (ADA) is notable for its early embrace of proof-of-stake validation. This method is designed to expedite transaction time and decrease energy usage and environmental impact by aiming to remove the competitive, problem-solving aspect of transaction verification in platforms like Bitcoin.
Cardano also works like Ethereum to enable smart contracts and decentralised applications, which ADA, its native coin, powers.
In 2017, Cardanoâs ADA tokenâs price was about $0.015. Cardanoâs price peaked as of August 2021 at the approximate price of $3.5 of 2 April 2024, its price was at $0.72, which demonstrates its volatility.
3.Dogecoin ($DOGE )
Market cap: $24billion
Dogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.
4. Polkadot ($DOT)
Market Cap: $12.34B
What makes Polkadot unique is that it uses âparachains.â These are chains that can be used for specific applications. This allows for a more customizable and efficient use of resources.
Polkadot is also working on something called Polkaswap which is a decentralized exchange. This will allow users to trade DOT, ETH, and other assets in a trustless manner.
5. Avalanche ($AVAX)
Market Cap:$34.02B
Avalanche is based on a âproof-of-stakeâ consensus model, which means that users can earn rewards for staking their tokens on the network.
Disclaimer:This article just for information not financial advise investing anywhere do your Owen well research đ§
