Bitcoin and most crypto tokens crashed in March as concerns about the Federal Reserve and Donald Trump’s tariffs continued. After rising to a record high of $109,300 in March, the BTC price plunged by over 20% to $82,000.
There is a likelihood that many crypto tokens will bounce back in April as investors buy the dip and the dust on tariffs settles. Also, there is a likelihood that the Federal Reserve will intervene this month and boost the crypto and stock market.
Top crypto tokens to buy and 10x your money
This article explains some of the best blue-chip crypto tokens to buy in April and 10x your money. These tokens, which are ranked in no particular order, have strong fundamentals and technicals. Some of those to consider are Sonic (S), JasmyCoin (JASMY), Shiba Inu (SHIB), and Pepe (PEPE).
Sonic (S)
Sonic is one of the best crypto tokens to buy and 10x your money in April. Formerly known as Fantom, has become one of the fastest-growing players in the crypto industry in terms of its ecosystem growth.
It was relaunched in January, and has grown to become the 12th biggest chain in the crypto industry with over $1 billion in assets and $500 million in stablecoin market cap. Its TVL jumped by almost 50% in the last 30 days.
The Sonic token, however, has diverged from this performance as it crashed by almost 50% from its highest point on record. This performance, therefore, will likely bounce back this month as investors price in its strong fundamentals.
Technically, the Sonic price formed a double-bottom pattern whose neckline was at $0.9840, pointing to a 93% surge from the current level.
Shiba Inu (SHIB)
Shiba Inu is one of the top crypto tokens to buy for big gains in April. It has numerous catalysts that may help it to boost its price over time. First, unlike other meme coins, Shiba Inu is a highly deflationary token because of its substantial burn rate that has reduced the number of tokens in circulation by trillions.
Second, Shiba Inu has transitioned itself from a mere meme coin into a utility token through its Shibarium layer-2 network. While its ecosystem is small, analysts anticipate that it will start to gain market share over time.
Third, Shiba Inu price has strong technicals. It has formed a double-bottom pattern on the weekly chart, and a falling wedge on the daily, pointing to a strong rebound later this year. A move to the double bottom’s neckline at $0.000033 will point to a 165% surge from the current level.
Shiba Inu price chart | Source: Tradingview
Read more: Shiba Inu price prediction: can SHIB and Dogecoin return to 2021 heights?
JasmyCoin (JASMY)
Jasmy, commonly known as Japan’s Bitcoin, has been in a strong downward trend in the past few months. The most bullish case for the token is that it has formed a giant falling wedge pattern, a popular bullish reversal sign.
This pattern is comprised of two falling and converging trendlines. In JASMY’s case, these two trendlines are about to converge, meaning that a strong bullish breakout is possible. In this case, a breakout to its 2024 high of $0.05935 would signal a 430% surge from the current level.
Jasmy chart by TradingView
Pepe (PEPE)
Pepe is also one of the best crypto tokens to buy and 5x your money in April. Like Shiba Inu, the token has formed a falling wedge pattern, meaning that a strong bullish breakout is possible to happen this year.
The Pepe coin has also formed a bullish reversal pattern as the Relative Strength Index (RSI) and the BBTrend indicators pointed upwards. Therefore, the token will likely keep surging as bulls target the key resistance level at $0.000017, its 50% retracent point, which is about 135% above the current level.
Pepe coin price chart | Source: TradingView
Other altcoins to buy to 5x your money
The other top altcoins to buy and 5x your money in April are the likes of XRP, Hedera Hashgraph, Chainlink, Algorand, and Polkadot.
The post Top blue-chip crypto tokens to buy in April to 5x your money appeared first on Invezz
