3 Cryptocurrencies To Buy In April? Ethereum (ETH), Cardano (ADA), And Secure Crypto (SCT)
It is not controversial to say that cryptocurrency can be a volatile place. Take the market leader Bitcoin (BTC) as an example; In the last 3 months, BTC has been as high as $51950 and as low as $33184.
During this time there have been peaks and dips galore, showcasing both the frustration and the jubilation that crypto can bring.
Away from Bitcoin, there have been many many other opportunities for investors to make money. As winter turns to spring, millions of people are looking for a surefire place to put their money.
There are several options to consider. Established crypto behemoths like Ethereum (ETH) could be considered a solid bet.
Those that are perceived to be sleeping giants such as Cardano (ADA) may be ready to explode. Finally, new cryptocurrencies, including the very promising Secure Crypto (SCT), may be worth an investment.
Everyone in the crypto-sphere, as well as countless numbers of people who are yet to be involved, know Ethereum (ETH).
It is the second biggest cryptocurrency, after Bitcoin (BTC). Its market cap is currently hovering around the $350 billion mark, over 4 times the amount of Tether (USDT) which is currently occupying the 3rd spot.
Ethereum is the platform for thousands of DApps (decentralized applications), and despite stiff competition from the likes of Solana (SOL) and Cardano (ADA) (more on that later), is still by far the go-to for blockchain developers.
In addition to this, ETH is the currency with which the vast majority of NFTs are bought and sold.
ETH has some downsides, most notably its fees. Due to the rampant success of the Ethereum Network, transactions can sometimes take time to be completed, and as a result, gas fees can be extremely high.
In 2022, these negatives are due to change. The long-awaited upgrade, to ETH 2.0, is slated for release this year.
The creators of Ethereum claim this will go a long way to improving the scalability issues. Should this problem be overcome, ETH is a cryptocurrency in which to invest for the long haul.