Top 3 Altcoins to BUY in April 2023: Best Crypto Investments

As the cryptocurrency market continues to evolve and mature, investors are looking beyond Bitcoin and exploring other promising digital assets. Although Bitcoin has seen impressive growth over the past month of March, many altcoins have not yet experienced the same level of price appreciation. This creates a unique opportunity for investors to benefit from the upcoming increase in altcoin prices. In this article, we list the top 3 altcoins to buy in April 2023. Did yours make the list? 😉

Which is Better to Buy in 2023: Bitcoin or Altcoins?

Since the beginning of 2023, we have seen Bitcoin prices increase more than altcoins. This has led to a significant divergence in the performance of different cryptocurrencies. This trend suggests that altcoins may be undervalued compared to Bitcoin and could represent a potentially lucrative investment opportunity.

Moreover, the Bitcoin dominance increased yet again and reached a current 46% market dominance. Data shows another decrease again. This means that altcoins are about to rise again.

Top 3 Altcoins to Buy in April 2023

#3 Polygon (MATIC)

Polygon (formerly known as Matic Network) is a Layer 2 scaling solution for Ethereum that aims to address some of the key challenges facing the Ethereum network, such as high fees, slow transaction times, and limited scalability. It is a network of interconnected blockchain networks, known as sidechains, that are built on top of the Ethereum blockchain.

Polygon provides a range of tools and infrastructure to enable developers to create and deploy scalable, decentralized applications (dApps) on its network. It also supports interoperability between different blockchain networks, allowing users to transfer assets and data between different networks with ease.

#2 Cardano (ADA)

Cardano is a decentralized blockchain platform that was created by Input Output Hong Kong (IOHK) and launched in 2017. It came to be thanks to a team of experts, including mathematicians, engineers, and cryptography researchers, with the goal of creating a more secure and scalable blockchain platform.

Cardano uses a proof-of-stake (PoS) consensus algorithm called Ouroboros, which allows users to stake their ADA tokens (the native cryptocurrency of the Cardano network) to participate in the validation of transactions on the network. This approach is more energy-efficient and cost-effective than the proof-of-work (PoW) algorithm used by Bitcoin and some other cryptocurrencies.

#1 Ripple (XRP)

Ripple is a blockchain-based payment protocol and digital currency created by Ripple Labs in 2012. The Ripple protocol facilitates fast and low-cost transactions between individuals and institutions.

The native cryptocurrency of the Ripple network is XRP, which facilitates transactions on the network and to pay for transaction fees. Unlike Bitcoin, which uses a proof-of-work (PoW) consensus algorithm, the Ripple network uses a consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA), which is based on a network of validating nodes that confirm transactions.

Ripple has gained attention for its partnerships with major financial institutions and payment providers, including Santander and American Express, which have used the Ripple protocol to facilitate cross-border payments and reduce settlement times. Ripple also offers a range of tools and services to help businesses and developers build and deploy applications on its network, including the RippleNet payment network and the Xpring developer platform.

CryptoTicker Podcast

Every Wednesday going forward, you can tune in to the Podcast on Spotify , Apple and YouTube. The episodes are for a duration of 20-30 minutes to quickly and effectively familiarize you with new topics in a fun setting on the go.

Subscribe & never miss an Episode

­­­­­Spotify– ­­Amazon – ­­Apple – ­­YouTube

Recommended posts

You might also like

More from Altcoin