In a recent installment of the CryptoBusy channel, co-host Tom expounded on his predictions for the top five altcoins poised to reign supreme in the cryptocurrency market come April 2023. With a keen eye on the upcoming quarter and other pertinent factors, Tom anticipates an electrifying month for the digital currency landscape.
Tom’s astute observations have shed light on the key factors influencing the crypto market’s trajectory in March 2023. Notably, the regulatory dispute between Binance and the CFTC and the court’s ruling on Binance’s proposed acquisition of Voyager have emerged as pivotal drivers of the market’s performance. Tom’s insights offer valuable perspectives on the complex dynamics in the crypto landscape, underscoring the importance of staying attuned to regulatory developments and industry trends.
Tom has astutely recognized that the Federal Reserve’s strategic efforts to manage liquidity and the unfortunate collapse of prominent mainstream banks have played a pivotal role in igniting a bullish sentiment within the crypto market. He confidently asserts that the ripple effect of these events will undoubtedly have a lasting impact on the crypto market for the foreseeable future.
When it comes to altcoins, Tom’s top pick is dYdX. He believes that this token could reap the rewards of the obstacles currently faced by Binance. Tom anticipates a surge in the usage of decentralized exchanges, or DEXs, with dYdX leading the charge. Additionally, he has high hopes for Polygon’s future performance in the upcoming months.
According to Tom’s analysis for Polygon, the recent updates implemented on the platform have positioned it as a promising contender to Ethereum. With the recent surge in price activity, Tom anticipates a gradual accumulation of bullish momentum that could potentially drive up the value of MATIC, Polygon’s native cryptocurrency, throughout April.
Tom has included Zilliqa in his top five altcoins for the upcoming month, citing the integration of the Ethereum Virtual Machine (EVM) into the network as a significant development that could elevate the cryptocurrency’s market performance in April. This game-changing move has caught Tom’s attention, and he believes it could positively impact Zilliqa’s price behavior.
Tom has included XRP in his list of potential investments, considering Ripple’s ongoing legal dispute with the SEC, which is expected to conclude soon. Tom believes anticipating a resolution could lead to a classic “Buy the Rumor, Sell the News” case, potentially driving growth for the coin in the upcoming month. This strategic move demonstrates Tom’s astute understanding of market trends and ability to make informed investment decisions.
Tom concluded his forecast by highlighting Ethereum, the trailblazing altcoin. He anticipates that the Shanghai update will favor ETH, further fueling its upward trajectory toward the $2,000 mark, bolstered by unwavering bullish sentiment.
