In 2023, the valuation of the cryptocurrency market surpassed $1.3 trillion, indicating rapid growth.
This growth has resulted in the emergence of various exciting projects, which have attracted investors and led to significant price gains in both the short and long term. However, the cryptocurrency market remains highly volatile as Bitcoin (BTC) consolidates around the $28,000 level at the start of the week.
At press time, BTC/USD hit a low of $27,607.67 but later climbed to a peak of $28,475.62. This surge brought Bitcoin closer to its recent resistance level of $28,500, broken over the weekend. Investors are closely monitoring the market, anticipating potential fluctuations in prices.
The current price consolidation of Bitcoin (BTC) is attributed to the 14-day relative strength index’s (RSI’s) inability to surpass the $65.00 ceiling. Currently, the RSI is hovering at 62.00, a significant support level for traders.
Despite the recent fluctuations, BTC is currently trading at 1.46% higher than its value at the same time last week. Investors closely monitor BTC’s RSI levels and market trends to anticipate potential shifts in the cryptocurrency’s value. As Bitcoin is still in its consolidating phase, we still await a break above $30000. However, before that run is over, you can consider investing in one or more of these alternatives that are projected to explode soon.
Top Cryptocurrency with Explosive Potential in April 2023
To help you make an informed investment choice, look at each of these promising crypto projects in 2023.
1. Love Hate Inu(LHINU)
Love Hate Inu is a new crypto project that uses doge memes and smart contracts to let token holders vote on important internet-related issues. With Love Hate Inu tokens, users can vote on topics like their views on Elon Musk or the 2024 election. The votes are securely recorded on the blockchain, ensuring transparency and accuracy.
Love Hate Inu uses a unique method to create memes and build a community. Users vote on memes to generate new content and attract more users. To vote, users must use Love Hate Inu tokens, and they can earn more tokens as a reward. At first, the Love Hate Inu team creates the polls, but eventually, users can create their own. This will help the platform grow and evolve with the community.
Hello #LoveHateInu Champs💪
🎉 We are now in stage 4 of the #Presale 🎉
❤️ Will it be Love?👍 🗳️
💔 Or Hate?👎🗳️
Join us now, get your $LHINU and be ready for the first poll coming soon! 📊See Alsohome bargains bathroom accessoriesRetail therapy: Quilted jackets, limited-edition denim and an archive sale goes online‘The Super Mario Bros. Movie’ is a box office smash
— Love Hate Inu (@LoveHateInu) April 4, 2023
Love Hate Inu is offering a presale for their tokens, allowing investors to buy in early at 1 LHINU = 0.000095 USDT. The presale is currently in its third round. Investors should act quickly because the project has already raised over $2 million in just three weeks, with more than $100,000 sold in the first 24 hours.
Love Hate Inu - Newest Meme Coin
- Decentralized Polling - Vote to Earn
- Early Access Presale Live Now
- Ethereum Chain
- Featured in Yahoo Finance
- Mint Memes of Survey Results as NFTs
- Staking Rewards
- Viral Potential, Growing Community
DeeLance has the potential to become a leading crypto project due to its innovative approach to revolutionizing the recruiting industry through Web3 technology. It is a new cryptocurrency designed for the Web3-based freelancing and recruitment sector.
It offers a decentralized platform that allows freelancers to be paid using cryptocurrency in a user-controlled environment, transforming how they interact with employers. The platform is built around three pillars: a state-of-the-art NFT marketplace, a contemporary metaverse, and an innovative recruitment platform.
💥BREAKING NEWS!!!💥#DeeLancers, We have officially hit a new milestone – over $50K raised in less than a week! 💰🧑🏻💻
— DeeLance (@deelance_com) April 5, 2023
These pillars provide various tools and services to enhance the efficiency of the freelancing process while ensuring transparency and digital ownership of work. By introducing a more efficient and user-friendly platform for freelancers and businesses, DeeLance is set to offer lucrative opportunities for both parties.
DeeLance offers faster business operations, automated dispute resolution, secure escrow services, quick cryptocurrency payments, low costs, and NFTs for ownership verification. It provides access to elite professionals and career opportunities on a fully decentralized platform.
DeeLance uses blockchain technology to ensure a secure transfer of ownership and prevent payment fraud and copyright issues. The project is developing metaverse technology, including lobby arenas, offices, and meeting spaces.
DLANCE is expected to perform well in Q2 – Q3 of the launch year when it becomes available for trading, with the developers potentially listing it on multiple exchanges for increased exposure. The project roadmap on the DeeLance website has more information about upcoming updates. The initial price of DLANCE will be $0.035, but with the proper publicity and delivery on promises, it could rise to $0.1 based on current market conditions.
Ecoterra is a recycling app that uses blockchain technology to motivate users to recycle and fight climate change. By scanning items for recycling, users can earn ECOTERRA tokens that can be used to invest, support environmental causes or stake. The platform has four main components – recycling, carbon offset market, recycling market, and education – and is designed to be user-friendly and sustainable.
We've integrated with Vittel 💧 allowing you to earn through recycling ♻️
Together, we're fighting against plastic waste and promoting recycling 🌍
— ecoterra (@ecoterra3r) April 5, 2023
Ecoterra aims to support and benefit all communities, from recyclers to small and large businesses, governments, and NGOs, in their efforts toward sustainability. The platform has a clear strategy for recycling, carbon offsetting, and promoting a circular economy while utilizing blockchain technology for usability, transparency, and safety.
One ECOTERRA token costs $0.004, and the initial presale raised over $58,000. Early adopters can purchase the token using ETH, USDT, or a credit card. The value of the ECOTERRA token is projected to increase by 150% to reach $0.01 during the final stage of the platform. The project is being offered by a team that has undergone doxxing (public disclosure of their identities) and KYC (know your customer) verification.
They are holding a presale for 50% of their 2 billion tokens, which will not have a vesting period and a hard cap of $6.7 million. Additionally, Certik has audited the smart contract for the project.
4. Shiba Inu (SHIB)
The value of Shiba Inu surged in 2023, starting at 0.000008 US dollars at the beginning of the year. In January, the cryptocurrency experienced a significant increase in value, almost doubling to $0.000015 by the start of February. However, the rally was short-lived as setbacks in February caused the price to fall to $0.000012 by month-end. The price fell further to $0.000010 during the US banking crisis but surprisingly mostly remained stable in March.
If Bitcoin’s price breaks above $30,000, it could trigger a sharp surge in Shiba Inu’s price, potentially pushing it toward $0.000015. The price can double in the next three months if another rally is as strong as January’s. The Shiba Inu forecast for the coming weeks appears positive.
5. Dogecoin (DOGE)
Twitter changed its logo to a picture of the Dogecoin meme token, which caused the price of Dogecoin to increase by 19.35%. At the time of writing, the price of Dogecoin is $0.090037, with a 24-hour trading volume of $1,631,760,338. In the last 24 hours, the price has declined by 7.31%, but over the past 7 days, it has increased by 18.76%.
Based on Dogecoin’s current status as a meme coin, it seems unlikely that major corporations will adopt it soon. However, as the younger generation becomes more familiar with the cryptocurrency market, Dogecoin’s friendly and approachable aesthetic may make it more widely used, particularly in tipping services.
If this trend continues, we anticipate increased demand for Dogecoin from retail investors and internet users. As a result, our prediction for Dogecoin’s price in 2023 is $0.6.
- Dogecoin Price Prediction April 2023 – $DOGE Surpasses Shiba Inu and Cardano
- LUNA Price Prediction: LUNA Tracking Broader Crypto Market Movement – Presents Opportunity to Buy at a Bargain
- Ripple’s XRP Rallies 6% as Uphold Pledges Support Despite Legal Disputes with the S.E.C
- Ecoterra Price Prediction