Jito (JTO), Ethena (ENA), and These 4 Cryptos Present Opportunities Investors Can Leverage for Massive Profit in April
According to a recent analysis by X user @layerggofficial, several cryptocurrencies present potential opportunities for investors in the month of April. This is of importance to investors keeping a close eye on promising projects across various blockchain ecosystems for profit-making opportunities.
One project garnering attention is Jito (JTO), a decentralized protocol on the Solana blockchain. Described as a combination of Lido and Flashbots, Jito is considered undervalued compared to other new projects in the Solana ecosystem. With a focus on liquid staking and maximizing miner extractable value (MEV), Jito could benefit from the anticipated token launches of projects like Wormhole, Parcl, and Zeus Network in April.
In the Ethereum realm, Ethena (ENA) has caught the eye of notable figures like Arthur Hayes. Ethena Labs, with its revenue from sUSDe, is likened to the “Anchor x Luna” of this cycle. The addition of Bitcoin as collateral is expected to drive an increase in Ethena’s total value locked (TVL), potentially reflecting on ENA’s price.
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Show more +Biconomy (BICO), a project adopted by global corporations like JPMorgan and Mercedes-Benz, is also on the watchlist. With its relevance to tokenization and real-world assets (RWAs), and strategic investments from firms like Jump Capital and Manifold Trading, Biconomy could gain traction despite operating somewhat under the radar.
Pendle Finance (PENDLE), considered a proxy for Eigenlayer, is another project to watch. Its yield-generating product and potential for market FOMO, combined with the anticipated launches of restaking projects like Zircuit and Renzo, could propel Pendle’s TVL and trading volume to new heights.
In the realm of emerging blockchains, Sui is preparing for its first global conference, “Sui Basecamp,” on April 10th and 11th. With speakers from prominent firms like Andreessen Horowitz (a16z), Visa, VanEck, and Red Bull, there are rumors that Sui might announce significant catalysts, similar to the Aptos blockchain.
Lastly, the outcome of the legal case involving Do Kwon, the controversial figure behind the Terra ecosystem, is expected to be revealed in April. If the outcome is favorable or if Kwon resumes activity on Twitter, it could potentially drive upward momentum for the revived LUNA cryptocurrency.
You may also be interested in:
- Jupiter (JUP) and Mantle (MNT) Prices Pumping – Here’s Why
- Solana (SOL) Price Eyeing All-Time Highs in April?
- Blast’s Dynamic Ecosystem: Leading 5 Innovations in DeFi and Gaming
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