March has been an exciting month for cryptocurrencies, with a rally that led to a new Bitcoin (BTC) all-time high near $73,000 and then a correction that saw a significant crash across the board.
As the month is drawing to a close – and the month of the highly-anticipated BTC halving is drawing ever nearer – the crypto market is again eying a rise in value, especially given few of the big coins and tokens in the top 100 cryptocurrencies by market capitalization are in the red on both the daily and weekly charts.
Since there is likely to be much excitement in the coming weeks – and likely several major surges – Finbold decided to take a look at a couple of cryptocurrencies that may well be worth investing $500 or more in April.
Polkadot (DOT)
While Polkadot (DOT) has remained relatively under the radar in 2024, the cryptocurrency has actually offered multiple exciting developments that are either already live or are actively in the works.
For one, the Polkadot network logged a new non-fungible token (NFT) minting speed record through its parachain – Unique Network – having reached nearly 5,000 NFTs per minute.
Additionally, a dedicated team is actively working on a new meme coin – DED – which has already gained significant traction within the community and might not only provide a boost for DOT itself but could also constitute the latest such project to explode once released.
Finally, Polkadot appears to be readying itself for its next big rally based on its recent performance as it has recently started breaking out of a correction it entered following the previous surge.
The last 30 days saw DOT trade with significant volatility but remain 12.70% in the green while the token is 9.06% up on the weekly chart. Polkadot price today has also changed in a positive direction as it climbed 1.25% to $9.64.
DOT’s relative quietness during the ongoing rally and the fact that is still well below its all-time highs near $53 also make it a good candidate for a continued surge – particularly with the recent string of developments in mind.
Dogecoin (DOGE)
The oldest meme coin, Dogecoin (DOGE) also appears like a strong buy at April’s doorstep. Not only has the month historically been at least somewhat kind to the cryptocurrency type, but there has been a growing interest in the coin.
Indeed, in the last two weeks, whales accumulated approximately $280 million worth of DOGE helping its market cap surge approximately $7 billion in the time frame and creating new higher support zones with a likely continued Bitcoin rally nearly guaranteeing a continuous Dogecoin surge.
On the price side, Dogecoin has also been doing well in recent times and is up 140.03% since the start of 2024. Most recently, it has been on a rampage breaking above $0.2 and retesting the resistance at $0.22.
The uptrend has been particularly strong in the last 30 days of trading which saw the meme coin surge 66.34% and the most recent time frames have also been generally strong with DOGE climbing 45.15% in the last 7 days to $0.216 – highest it has been since November 2021.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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