Get ready for your investing portfolio to shoot up. As we move into April 2024, the cryptocurrency market has plenty of opportunities. In this article, we’ll reveal the top three coins that need your attention for top-notch returns. Whether you’re a seasoned investor or just a crypto enthusiast, these top picks are sure to make a splash in the crypto world. Join us as we reveal the best opportunities for crypto in April and lead you to crypto success!
The top 3 coins to invest in April 2024 are
1. Truefi (TRU)
2. Reserve Rights(RSR)
3. Artificial Intelligence(AI)
Truefi (TRU)
TrueFi recently announced its plan to launch Trinity, a lending platform based on real-world assets (RWA), on 26 March 2024. Trinity will allow users to secure cryptocurrency loans by using tokenized RWAs as collateral, starting with TrueFi’s tfBILL token. Investors can borrow TRI tokens by pledging tfBILL tokens, potentially earning up to a 15% annual return through DeFi strategies.
Additionally, investors can purchase TRI tokens on secondary markets and stake them to earn yields from loan fees. The launch of Trinity is pending approval from the TrueFi decentralized autonomous organization.
Current Price
The current price of TrueFi (TRU) stands at $0.1331 today, with a trading volume of $23,327,297.99 over the past 24 hours. This reflects a 2.65% increase in price within the last day, but a -11.67% decrease in price over the past week. TrueFi has a circulating supply of 1.1 Billion TRU, resulting in a market capitalization of $146,255,825.
Technicals
The price has broken above the neckline of the double bottom pattern. Currently, it is testing this neckline, and a successful retest could indicate another bullish movement for $TRU.
The chart shows a bullish double-bottom reversal pattern, indicating a possible shift from a downtrend to an uptrend. It’s a good idea to consider a long position strategy with high confidence.
To enter the trade, look for a buying opportunity just above the neckline, around $0.13 – $0.135. The exit target is projected to be at $0.18 – $0.19, calculated by adding the depth of the double bottom ($0.05) to the breakout point. It’s important to confirm the entry and exercise caution as the price approaches the target.
Price Prediction
The upcoming TrueFi price forecast for the next month is based on the positive/negative trends that have been seen during the previous 30 days. By April 11, 2024, TRU is predicted by these TrueFi forecasts to trade at $0.187881, indicating a 48.92% rise.
“Unleash trading mastery on Bydfi with 3commas & Coinrule Bots – your new edge in the market!”
Reserve Rights(RSR)
Within the Reserve Protocol, the ERC-20 token RSR has two functions. Staking Reserve stablecoins (RTokens) guarantees over-collateralization and facilitates governance through the proposal and voting of configuration modifications. Following a successful initial exchange offering (IEO) on the Huobi Prime platform, the token was released in May 2019.
The RSR token has seen a significant uptrend, skyrocketing more than 350% and bringing in good profits for traders who saw it coming. Many crypto experts correctly foresaw the RSR breakout, pointing out its potential for a big upward movement.
Current Price
The current price of Reserve Rights (RSR) stands at $0.009274 today, with a trading volume of $69,089,273.34 over the past 24 hours. This indicates a decrease of -1.63% in price within the last day and a -19.52% decline over the past week. With 51 Billion RSR tokens in circulation, Reserve Rights holds a market cap of $467,380,669.
Technicals
The price has broken out of the falling wedge chart pattern, indicating a strong upward movement. Presently, the horizontal S/R zone is being tested. Expect a potential pump from this level soon. Keep a close watch on it.
A bullish breakthrough from a falling wedge is shown on the RSR/USDT chart, indicating a favorable chance for a “Long” position. After a retreat to the breakthrough point, you might think about joining the market in the $0.0096 to $0.0100 zone. Set a stretch target of $0.0150 if the uptrend holds, and aim for a first exit at about $0.0120. It is suggested to place a stop loss slightly below $0.0090 in order to minimize risk. Verify the authenticity of the breakout by examining the trading volume and general sentiment of the market.
Price Prediction
The average RSR rate in April 2024 will be around $0.00928, based on the price changes of Reserve Rights at the start of 2024. The minimum price is expected to be around $0.00913, while the maximum price could reach up to $0.00943.
Artificial Intelligence(AI) Crypto
Due to the immense power and potential of Artificial Intelligence, experts predict that its value and growth rate will be astronomical. Since the price of Artificial Intelligence is unpredictable and heavily influenced by market conditions, we have developed the most accurate estimates for its future value and growth.
Price Today
The current price of Artificial Intelligence (AI) stands at $0.000004667, with a trading volume of $40.07 in the last 24 hours. Over the past 24 hours, there has been a – price increase, and over the past 7 days, there has been a – price increase.
Technicals
The price is currently forming a head and shoulders pattern. Upon the breakdown of this pattern, consider buying AI from the main demand zone. This could lead to a strong bullish rally in $AI. Keep an eye on it for potential entry opportunities.
It indicates a potential bullish reversal forming an inverted head and shoulders pattern close to being finalized. It is recommended for traders to monitor a clear breakout above the neckline to validate this pattern, especially if accompanied by a notable increase in trading volume.
A favorable entry point for a long position would be right after the neckline breach, targeting an exit price of approximately $1.90 calculated from the pattern’s height added to the breakout level. To manage risk in case of pattern failure, consider placing a stop loss of around $1.45, positioned below the right shoulder formation.
Price Prediction
The upcoming AI Crypto price forecast for the next month is based on the positive/negative trends that have been seen during the previous 30 days. By April 11, 2024, AI Crypto is predicted by these forecasts to trade at $ 0.00002089, indicating a -2.12% loss.
Join Coincodecap Signals to level up your trading game with automated trading and accurate trading signals with proper explanation.
Conclusion
To sum up, as we enter April 2024, the cryptocurrency market is brimming with exciting possibilities. TrueFi, Reserve Rights, and Artificial Intelligence stand out as top choices for investors seeking impressive returns. TrueFi’s innovative Trinity platform offers a distinct lending solution that has caught the eye of DeFi enthusiasts. Reserve Rights, a key player in the Reserve Protocol, shows great promise, especially following its impressive upward trajectory.
On the other hand, Artificial Intelligence, known for its unpredictability, remains a wildcard with the potential for significant growth. Each of these cryptocurrencies boasts unique technical and fundamental aspects that could pave the way for profitable opportunities. Investors are advised to conduct thorough research, consider price forecasts, and stay informed about market trends to maximize the potential of these investments.