3 Cryptocurrencies to Buy This April
#Dogecoin20 (DOGE20)
First up is Dogecoin20 (DOGE20), which is set to make its DEX debut later this month.
Dogecoin20 positions itself as a “Doge upgrade” – leveraging Dogecoin’s cultural relevance while adding utility through staking rewards.
Also, its hugely successful $10 million presale demonstrated the demand from retail investors for this meme coin disruptor.
Additionally, if DOGE20 can attain even a fraction of the original Dogecoin’s upside after launch, it could be positioned for explosive growth towards the end of April.
Next up is Ethena (ENA), a protocol which aims to transform Ethereum into a yield-bearing stablecoin.
Its infrastructure allows for the creation of USDE, which is collateralized through a hedging process on both CEXs and DEXs.
Also, this approach means that USDE can be classified as a decentralized and stable asset able to generate returns from Ethereum’s economic activity.
Ethena protocol’s native token is ENA, offering governance rights and staking yields to holders.
All of these features combined position Ethena as a key DeFi player that could be worth considering for investment in April.
Operating in the Cosmos ecosystem, Osmosis (OSMO) is a DEX and automated market maker enabling cross-chain trading.
It allows developers to build customized AMMs with unique features like bonding curves, dynamic fees, and multi-asset pools.
The OSMO token is key to this ecosystem and grants holders voting rights on upgrades and development.
Osmosis has quickly become a major force in driving interoperability in the DeFi space – leading investors to buy OSMO tokens as a way to gain exposure.
If this trend continues, OSMO (and its holders) could be in for a successful month ahead.
Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.
