Best Crypto to Buy Now April 12th
Get ready to embark on an exciting journey through the world of cryptocurrencies as we reveal the best altcoins for April: SOL, RNDR, FTM and the highly anticipated SWDTKN presale.
These digital assets are making waves in the market, supported by innovative projects and ground-breaking potential.
Unearth the treasures of these promising altcoins and explore the opportunities they hold for investors eager to ride the next wave of crypto success.
Solana (SOL): The High-Speed Layer-1 Blockchain
Solana is a high-speed layer-1 blockchain designed to facilitate smart contracts and decentralized applications (DApps).
With the upcoming launch of Saga, an Android smartphone powered by the Solana blockchain, excitement around Solana is growing.
The Saga smartphone, which is expected to cost users $1,000, will enable users to create their own NFTs from anywhere, and provide access to the wider Solana-based ecosystem of apps and projects.
Solana’s price has been on the rise this month, up 9% in April so far.
The recent push-up saw SOL regain its position above the converging 20-day and 200-day moving averages.
However, with an RSI of 64, the currency may need to cool down and consolidate its gains.
Despite this, the MACD is signaling a bullish tune at 0.28, reflecting SOL’s regained position above the moving averages.
Keep an eye on the upside target at $32, a possible upside of 36%, while being aware of the potential downside risk at $12, a downside of 48%.
The current risk-reward ratio is 0.74, suggesting a potential need for better entry points after consolidation.
Render (RNDR): Decentralized GPU rendering powerhouse
Render is the tool of The Render Network, a provider of decentralized GPU-based rendering solutions.
As the AI narrative takes hold, a lack of specialized computers for AI developers has drawn attention to Render.
The blockchain-based P2P rendering network is becoming increasingly attractive to projects looking to deploy their AI-powered software, even amid the dominance of tech giants such as Microsoft, Google, and Amazon Web Services (AWS).
The price of Render has risen this month, with an increase of 22% in April.
As the AI narrative swept back into the crypto markets, Render rallied 30% to upper trendline resistance.
The token is currently riding high above stable support from the 20-day moving average.
However, with an RSI of 61, bearish divergence implies a need to consolidate and cool price action.
The MACD is showing bullish divergence at 0.032, reflecting a strong position at the top of the 20-day moving average.
Keep an eye on the upside target of $2.00, a potential upside of 29%, while keeping in mind the possible downside risk of $1.00, a downside of 35%.
The risk-reward ratio is 0.82, which suggests a potentially unattractive entry point for investors.
Phantom (FTM): Scalable Smart Contract Platform
Fantom is a smart contract platform focused on solving scalability challenges with the Lachesis consensus mechanism.
The success of decentralized exchanges (DEX) on Fantom’s blockchain has fueled the platform’s growth and popularity.
Notably, SpookySwap, the largest DEX on the chain, has experienced total value locked (TVL) growth of more than 8% in the past 30 days.
Phantom’s price has risen 7% in April, with the token trading within a bullish pendant pattern.
The token is riding high above the 20-day moving average for strong support footing.
With an RSI of 56, Fantom appears slightly overbought at current levels, indicating less bearish divergence.
The MACD is showing minor bullish divergence at 0.003, reflecting strong footing above the 20-day moving average.
Investors should keep an eye on the upside target of $0.55, a theoretical upside of 13.4%, while being mindful of the downside risk at $0.40, a potential downside of 17.5%.
The risk-reward ratio stands at 0.76, suggesting a potentially unfavorable entry point and a need for more decisive movement.
Swords of Blood: Redefining P2E with Hack and Slash
As the world of monetization games continues to take off, Swords of Blood stands out as a cutting edge project you won’t want to miss this Diablo killer.
With over $1.15 million raised in the pre-sale, this polygon-based P2E game offers a dazzling combination of stunning graphics, immersive gameplay and an innovative tokenomics system.
As the first of its kind to bring high production quality to P2E, Swords of Blood offers players a captivating world with impressive combat mechanics, customizable characters and a variety of engaging modes, such as Monster Hunt dungeon and Boss Fortress.
The game also features a PvP mode, which allows players to compete against others and earn rewards based on their rankings.
The time is ripe to invest in the Swords of Blood presale as it offers the opportunity to get in on the ground floor and secure the SWDTKN token at the lowest possible price.
With attractive tiered benefits on offer, investors can enjoy early access to the beta, exclusive in-game items and even a full-sized Sword of Blood crafted by Ben Abbott.
The market potential for Swords of Blood is huge, and with its sustainable tokenomics model and experienced team of developers, the project is poised for greatness.
The Swords of Blood presale is your chance to be a part of a revolutionary gaming experience that has the potential to redefine the game-to-earn landscape. Also take the time to enter the Swords of Blood Giveaway and double your profits.
Don’t miss this opportunity – join the Swords of Blood presale now and take your first step into the future of gaming.
With its ambitious goals and potential for explosive growth, Swords of Blood could well become the most significant blockchain game to monetize in 2023.
Invest in the pre-sale today and be a part of this exciting new chapter in gaming history.
Buy SWDTKN here!
Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.
