Bitcoin has just made a flip, and the entire market is having its recovery. Traders are still very confused about which is the most potential altcoin throughout the market?
The host of CryptoBusy, a Youtube Channel where you can get up-to-date crypto news, coin, token, and wallet reviews, Tom, has revealed the top 5 huge potential altcoins in April 2022.
Kusama (KSM)
Kusama was built by the same team that created Polkadot, a company known as Parity Technologies. Its founder is Dr. Gavin Wood, a world-renowned computer scientist, and programmer who co-founded Ethereum.
Kusama is trading at $200.45 at press time, ranked number 68 by market cap.
It’s an experimental blockchain platform that’s designed to provide a massively interoperable and scalable framework for developers and interoperable. They’re trying to mix the chains together. You can go from one chain to another, which is needed for crypto to be widely adopted because there are many different chains.
What Polkadot aims to do as well is to essentially mix them all together and transfer assets from one chain to another. That’s a very difficult thing to do, and if you get it right, if you solve it, then you’re going to be doing really well. That’s why the first pick for this month is Kusama.
KSM Chart | Source: Coinmarketcap
Audius (AUDIO)
Audius is a decentralized music streaming protocol initially built on the POA network but living on Solana. Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience.
Audius is involved in the online streaming the online music streaming given the name Audius. It’s a massive, massive industry. You can see that Spotify generates billions of dollars every single year. It’s how most of us play our music and interact with music. All of us are big fans of music. So there’s always going to be a big market.
The downside to Spotify is that they can take hefty fees. They don’t usually pay the artist as well or as much, but Audius aims to solve that as well. They also have the token.
You can actually stake the audio token itself with their Blockdaemon. Staking is a powerful thing. You can get in the same return sometimes. If you get about 2% interest on your bank account these days, and so you know, with staking, you can get up to 10%, 20%, or even higher than that. You can also stake it to earn more passive income. AUDIO is changing hands at $1.27.
AUDIO Chart | Source: Coinmarketcap
The Sandbox (SAND)
The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of DAO and NFTs, the Sandbox creates a decentralized platform for a thriving gaming community.
SAND is trading at $3.52, but they all have the ability to go back to those all-time highs. There are also a few hurdles for Bitcoin to get through. That’s also something to be aware of going forward for The Sandbox.
SAND Chart | Source: Coinmarketcap
Utrust (UTK)
Utrust (UTK) was designed to solve the problems resulting in the low usability of cryptocurrency as a means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.
The platform’s main goal is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.
They will have an interactive roadmap, and it’s going to be very detailed, so it’s a really cool thing. UTK is changing hands at $0.27.
UTK Chart | Source: Coinmarketcap
Injective (INJ)
Injective (INJ). Injective enables access to unlimited decentralized finance markets. Users can create any financial market on Injective’s fast, cross-chain, zero gas fee, secure, and fully decentralized exchange protocol.
INJ is the native token of Injective Protocol. INJ is a scarce asset used for governance, exchange value capture, liquidity mining, and staking. 60% of all exchange fees are used to buy back and burn INJ every two weeks, which allows the supply of INJ to dramatically decrease over time.
INJ is trading at $6.21. It’s going to be continuing to do well, and the month of April should be very interesting for Injective.
INJ Chart | Source: Coinmarketcap