Amidst a quiet day in the crypto market with most major coins trading sideways, traders are turning to smaller, lesser-known altcoins in search of quick gains. Bitcoin was stable at around $66,000, while Ether, Solana, and BNB saw minor gains. Traditional markets also showed a risk-on attitude with the S&P 500 climbing over 1% on strong earnings. The upcoming US Core PCE inflation data could impact crypto prices, with Bitcoin currently trading within a range of $60,000 to $74,000.
While Bitcoin remains the oldest, most trusted, and secure crypto, investors looking for higher returns may consider altcoins. Many altcoins are currently trading below their yearly highs, presenting a potential buying opportunity. Hedera (HBAR) and Akash Network (AKT) are two altcoins that have shown strong momentum recently. HBAR surged by 40% after news of BlackRock tokenizing one of its funds on the blockchain, while AKT hit record highs following its listing on Upbit. Pepe (PEPE), a popular meme coin, also saw a significant increase in value.
Investors interested in emerging crypto projects may consider participating in presales, where tokens are offered at discounted prices before the official launch. These presales offer potential gains but also come with risks associated with early-stage ventures and market volatility. Careful evaluation of presale projects is essential to mitigate risks and make informed investment decisions. Cryptonews has compiled a list of 19 of the best crypto presales for April, providing insights into the expertise of the team, project vision, roadmap, and underlying technology.
With Bitcoin still trading within a range, investors may view the current market consolidation as an opportunity for accumulation. While Bitcoin is considered the best crypto to buy given its reputation and security, altcoins like HBAR, AKT, and PEPE have shown strong momentum and potential for higher returns. Participation in presales of emerging projects can also be a way to access tokens at discounted prices, although it comes with inherent risks due to the early-stage nature of the projects and market volatility. It’s essential for investors to conduct thorough research and due diligence before investing in any crypto assets to mitigate risks and make informed decisions.
