When a respected crypto analyst with over 90,000 followers shares their top picks, investors pay close attention. Layergg is one such analyst known for his insightful analysis and useful calls. In a tweet on X, he outlined six cryptocurrencies to keep an eye on in April.
JUP – Among the new projects in the Solana ecosystem like PYTH and Jito, Layergg sees Jito as the most undervalued. He describes it as a combination of Lido and Flashbots, positioning it as one of the best liquid staked tokens on Solana. Other Solana tokens like Wormhole, Parcl, Zeus Network, Kamino Finance, Ionet, Tensor, and Drift Protocol are also gearing up for token launches this month.
ENA – The high revenue generated by Ethena Labs from sUSDe has Layergg drawing comparisons to the “Anchor x Luna” dynamic from the last cycle. With promotion from Arthur Hayes and a growing importance of influencers, he expects Ethena adding BTC as collateral to accelerate the increase in TVL and be reflected in ENA’s price.
BICO – Biconomy’s solution has been adopted by major corporations like JPMorgan and Mercedes Benz. Recent strategic funding including Jump Capital and Manifold Trading as investors hints at potential market making for the token. While relatively under the radar, Biconomy has high relevance to real-world asset tokenization.
PENDLE – Seen as the best proxy for Eigenlayer’s EigenBeta, Pendle Finance’s yield tokenization product is generating massive returns and causing FOMO that is driving new all-time highs in TVL and volume daily. A wave of restaking project token launches like Zircuit, Renzo, Puffer, Kelp, Swell, BedRock are expected.
SUI – The first global Sui conference “Sui Basecamp” on April 10-11 has a major lineup including a16z, Visa, VanEck, and Red Bull sparking rumors of potential catalysts to be announced similar to Aptos.
LUNA – The outcome of the case against Do Kwon is anticipated in April. A positive outcome or Kwon resuming activity on Twitter could provide upward momentum for LUNA.
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Show more +While analysts like Layergg provide valuable insight, investors should always do their own research before allocating capital. The crypto markets remain volatile and unpredictable. However, April looks primed for another exciting month of narratives playing out across the industry.
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