On a quiet day in the crypto market, Bitcoin was trading around $66,000, with Ether just above $3,200, and Solana and BNB up 2% each. The S&P 500 rebounded over 1% on strong earnings, potentially affecting crypto prices. Friday’s US Core PCE inflation data may also impact the market. Bitcoin is currently trading within a $60,000 to $74,000 range, and Bitcoin halvings may not become a tailwind for a few months. Despite this, the Bitcoin bull market is expected to continue, and investors should consider using the current consolidation as an accumulation opportunity.
Investors looking for higher returns may prefer altcoins, as many have dropped from their yearly highs, presenting a potential buying opportunity. Some altcoins trading with strong momentum include Hedera (HBAR) and Akash Network (AKT). HBAR, which powers the proof-of-stake Hedera public ledger, was up 40% in 24 hours, trading at $0.1260, with potential for gains following news of BlackRock tokenizing one of its funds on the blockchain. AKT hit record highs after being listed on the South Korean exchange Upbit, and with its small market cap, could see further growth as a key beneficiary of the AI narrative.
Pepe (PEPE), a popular meme coin, is also experiencing a pump, up nearly 2x from its monthly lows. With the potential for quick gains, Pepe could be a good investment opportunity. Emerging crypto projects often seek funding through presales, offering early investors the chance to acquire tokens at reduced prices. Careful evaluation of presale projects, including the team’s expertise, project vision and roadmap, and underlying technology, is crucial to mitigating risks. Participation in crypto presales presents both rewards and risks due to the early-stage nature of these projects and market volatility.
Investors should consider these factors when evaluating potential investment opportunities. The team at Cryptonews has compiled a list of 19 of the best crypto presales of April. It is essential to approach crypto investments with caution, as it is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. Investors should be aware of the potential to lose all of their capital when investing in crypto. Investors should conduct thorough research and analysis before making any investment decisions in the crypto market.
