Top 5 Coins to Watch for April

admin

Top 5 Coins to Watch for April Top 5 Coins to Watch for April Apr 08, 2021 7-Day Challenge: Win 400,000 USDT Prize Pool 7-Day Challenge: Win 400,000 USDT Prize Pool Register Now The top coins to watch in April As we move into the first month of Q2, a number of cryptocurrency projects are…

Top 5 Coins to Watch for April Top 5 Coins to Watch for April Apr 08, 2021 7-Day Challenge: Win 400,000 USDT Prize Pool 7-Day Challenge: Win 400,000 USDT Prize Pool Register Now The top coins to watch in April
As we move into the first month of Q2, a number of cryptocurrency projects are moving ahead with their development, and look set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities.The following five coins are set to receive increased amounts of attention over the coming weeks and are definitely the top coins to keep an eye on over April.1.Ethereum (ETH)
Ethereum is an open-source distributed blockchain that pioneered smart contract functionality.

It operates as a decentralized virtual machine which can execute scripts and be used to transfer its native ether token between different nodes.Although ether can be used as a currency, it is more commonly used to execute smart contracts.The Ethereum blockchain also hosts a number of tokens such as MKR , USDC , and ENJ .Berlin Hard Fork Scheduled for April 14
Ethereum has been on the move already this month and has pushed above $2k to set a new all time high.

The price of ETH rose above $2060 on April 2, and the price appreciation precedes the Berlin hard fork set for April 14 at block height 12,244,000.The update includes a number of Ethereum Improvement Proposals (EIP), and will include improvements to gas mechanisms, how the Ethereum Virtual Machine (EVM) reads code, and protection against denial-of-service (DDOS) attacks.The Berlin hard fork was originally scheduled to take place during the summer of 2020; however, Ethereum Core Developers have recently confirmed that it will take place in mid-April.The hard fork will help facilitate the move to ETH 2.0, and will take place on four test networks before being deployed on mainnet, and you can read more about the hard fork here .

2.Uniswap (UNI)
UNI is a governance token for Uniswap , which is an automated liquidity protocol built on the Ethereum blockchain.UNI tokens are ERC-20 tokens, and allow holders to influence the direction of the Uniswap project.UNI holders have ownership of the Uniswap governance process, the UNI community treasury, and the protocol’s fees.

At launch, 15% of the total UNI supply was distributed to existing users of the Uniswap protocol.Uniswap V3 Features Unveiled
Uniswap is one of the most used crypto DEXes, and a pioneer in the Automated Market Making (AMM) space.

The team behind the project have just unveiled their plans for Uniswap V3 which aims to address some of the key issues with using the platform.The new version will incorporate Concentrated Liquidity which will allow Liquidity Providers (LPs) to focus on tighter, custom price ranges, and Active Liquidity which allows LPs to update their price ranges in real time to account for market changes, and optimize their trading fee earning potential.
Users of V3 will also be able to benefit from enhanced range orders, Non-Fungible Token liquidity, and flexible fee structures.While the new version of the platform is set to be unveiled in the first week of May, the UNI token may appreciate in the weeks leading to the launch, and you can find out more here .3.Kava (KAVA)
Kava is one of the first cross-blockchain DeFi platforms developed by Kava Labs.The platform allows its users to generate funds by collateralizing their assets using Kava’s multi collateral CDP system.

Kava is built on Tendermint consensus, and the Kava CDP platform is secured by over 100 validators.Kava 5 & Frontier Testnet Launch
The Kava platform is close to moving to Kava 5 once a successful upgrade proposal is agreed upon by the community.Proposal 41 to upgrade to Kava 5 was set to activate at 15:00 UTC on April 8, but has since been pushed back with voting set to be reopened shortly.However, the Kava team has partnered with Frontier to launch the Frontier Chain testnet on April 14.The Frontier team has confirmed that the testnet will see $150,000 worth of FRONT tokens being made available in rewards validator participants, with up to $3,000 worth of tokens available to each validator.The testnet program is open to everyone and brings further usage Kava’s DeFi platform infrastructure.4.Sora (XOR)
The Sora token XOR will be used as a payment method for all the transaction fees on the Polkaswap DEX, where the exchange will have a built-in token bonding curve mechanism to manage the XOR price.

The SORA token bonding curve will act as the decentralized, on-chain manager of the XOR token.The mechanism works by taking in reserve assets and minting new XOR tokens, or conversely de-mints XOR tokens and releases reserve assets.Sora V2 & Polkaswap Releases This Month
Along with the Fearless Wallet, the SORA and Polkaswap projects make up core parts of the SORA ecosystem.

After extended testing, the team are approaching official SORA v2 and Polkaswap releases.

The Sora team have confirmed that Polkaswap will soon move on from the testnet stage and conduct a full launch once all bugs have been identified and fixed, and the platform is very close to being ready.The team have also already conducted a referendum to enable the HASHI Bridge between Ethereum and the SORA v2 platform based on Substrate.The HASHI Bridge will facilitate the transfer of tokens between the SORA v2 and Ethereum networks, and you can keep up to date with all the details by checking out this official blog post .5.TrustSwap (SWAP)
TrustSwap offers users an easy way to make safe cryptocurrency transactions together.TrustSwap is a full-service digital asset ecosystem which facilitates token launches, staking, and smart locks as well as automated payments for gifts, subscriptions, and wages.

Launchpad Farming Pools start on March 29
April will be a busy month for the TrustSwap team and they follow up a number of important developments from March with a series of new updates.These include two Launchpad and four Flash Launch events, and an early demo of the Swappable platform feature ahead of the Swappable Public Launch in mid April.A $4,000,000 airdrop to SWAP stakers is also planned via the Yield App as well as a demo of SmartLaunch on April 15 before SmartLaunch goes live on Ethereum on April 29.

The team have hinted that more developments are in the works and you can find out more about SWAP staking here .Tags:.

Leave a Reply

Next Post

Ethereum Classic (ETC) One Day Volume Hits $3.17 Billion

Ethereum Classic (ETC) One Day Volume Hits $3.17 Billion Ethereum Classic (CURRENCY:ETC) traded up 4.4% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on April 8th.One Ethereum Classic coin can now be purchased for $19.07 or 0.00032987 BTC on popular exchanges.In the last seven days, Ethereum Classic has traded up…
Ethereum Classic (ETC) One Day Volume Hits $3.17 Billion

Subscribe US Now