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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