Best crypto to buy today April 13
With Ethereum’s Shapella hard fork now in the rearview mirror and Bitcoin’s recovery of $30,000 at settlement, savvy investors are looking for the next big opportunity amid the volatile crypto market.
As Bitcoin’s rally appears to be cooling off due to profit-taking, and as withdrawals of bet ETH begin, investors are eager to find new prospects to rotate gains in this dynamic market.
Allow me to take you through six altcoins that show great potential: Injective Protocol (INJ), Love Hate Inu (LHINU), NEAR Protocol (NEAR), DeeLance (DLANCE), Internet Computer (ICP), and Ecoterra (ECOTERRA).
INJ (injectable protocol)
Injective Protocol, a ground-breaking decentralized exchange (DEX) built on the Cosmos blockchain, brings together the best of two worlds: traditional order book models and the transparency of decentralized exchanges.
As a result, Injective offers cross-chain margin trading, derivatives and currency futures trading to its users.
The recent increase in INJ’s price can be traced back to the growing network of participants.
A number of new projects have leveraged Injective’s innovative resources, such as decentralized bridges, oracles, and composable smart contract layers, to create DeFi applications since the beginning of the year.
Current Price: $6.7 (24HR CHANGE +1.85%)
April change: +44.32%
Examining the price action, INJ has shown a strong pullback from the support of its 20-day moving average (MA).
However, it is worth noting that its Relative Strength Index (RSI) is currently at 73.37, indicating an overbought market that may need to cool down before further growth.
Despite the minor bullish divergence shown by the moving average convergence divergence (MACD) of 0.122, the risk-reward ratio of 0.64 suggests a less than optimal entry point for investors.
LHINU (Love Hate Inu)
Love Hate Inu (LHINU) is a pioneering meme coin project, led by the legendary Carl Dawkins, founder of previous moonshot projects such as Tamadoge.
LHINU has capitalized on the recent surge in meme coin popularity, fueled by Elon Musk’s Dogecoin escapades on Twitter.
The project combines the viral appeal of meme coins with a unique vote-2-earn offering that aims to disrupt the $3.2 billion survey industry.
Unlike other meme coins, LHINU provides genuine utility by allowing users to vote on polarizing topics and figures while earning rewards in LHINU tokens.
The innovative vote-to-earn system, combined with memecoin virality, makes LHINU a force to be reckoned with in the survey sector.
The pre-sale is quickly reaching its conclusion, with less than 25 hours remaining and only 3% of LHINU tokens remaining.
As the pre-sale draws to a close, investors can still grab the opportunity to purchase LHINU tokens at a discounted price of 0.0000105 USDT, before the next price increase.
With ambitious plans from CEO Carl Dawkins and upcoming CEX listing in Q2 2023, LHINU is well positioned for exponential growth.
Buy LHINU here
NEAR (NEAR protocol)
NEAR Protocol, a public Proof-of-Stake (PoS) blockchain, aims to make DeFi accessible to everyone through low transfer fees and fast transactions.
Competing with the likes of Avalanche, Solana and Cardano, NEAR Protocol has carved a niche for itself in the PoS network landscape.
NEAR’s first quarter results show an increase in activity, with an average of 64,000 daily active accounts driven mainly by projects such as Sweat Economy, Aurora, Spin.fi and NEAR Crowd.
Although new account creation has slowed compared to previous quarters, NEAR has maintained a healthy level of daily transactions, averaging 393,000 during the first quarter of 2023.
Current price: $2.18 (24 hour change -1.93%)
April change: +9.45%
Taking a closer look at NEAR’s price action, it has experienced a sharp pullback from its 20-day MA, but appears to be capped by a solid resistance level from its 200-day MA.
The RSI, sitting at 58, indicates less bearish divergence, but is already cooling down.
With a minor bullish divergence of 0.031 in the MACD, following the rejection of the 20-day MA, the risk-reward ratio of 1.94 suggests an attractive entry point for investors.
DLANCE (DeeLance)
DeeLance is a next-generation Web3 freelance and recruiting platform that aims to revolutionize the industry.
The pre-sale of the $DLANCE token gives early investors a chance to support this innovative platform, which offers fast crypto payments, NFT integration and an automated dispute system.
With a competitive 2% fee, DeeLance outperforms rivals such as Upwork and Fiverr.
The presale price of 1 $DLANCE is $0.025 USDT, with only 30% of the 1 billion token supply available.
The platform’s vision of a metaverse where freelancers and clients collaborate in virtual offices is truly groundbreaking.
By investing in $DLANCE now, you can participate in a project that aims to redefine freelancing and potentially see your investment skyrocket.
Buy DLANCE here
ICP (Internet Computer)
The Internet Computer (ICP) is a revolutionary set of protocols designed to unify independent data centers around the world, offering a decentralized alternative to today’s centralized Internet cloud providers.
ICP tokens serve multiple purposes, including governance, rewarding network participants, and transaction fees.
A recent collaboration with AirGap, a Swiss security-centric self-custody crypto wallet, has strengthened the integration of Internet Computer and AirGap, further increasing ICP’s value.
AirGap now supports ICP’s native token and ckBTC, a Bitcoin “twin” token that is 1:1 backed by BTC.
Developed to increase liquidity, ckBTC enables fast and low-cost Bitcoin transactions on the Internet Data Blockchain without the need for intermediaries or risky cross-chain bridges.
Current price: $5.37 (-0.44%)
April change: +5.7%
A deeper dive into ICP’s price analysis reveals a strong pullback from the baseline support of the converged 20 and 200-day moving averages.
Although there is a very small bearish divergence in the RSI at 56, it is already cooling well. The MACD indicates a minor bullish divergence at 0.066 after the MA support level has regressed.
With an upside target of $7.25 (+34%) and downside risk of $4.85 (-9.73%), the risk-reward ratio of 3.59 presents a very attractive entry point for investors seeking significant potential gains with minimal downside risk.
ECOTERRA (Ecoterra)
Ecoterra ($ECOTERRA) is an innovative blockchain project set to revolutionize recycling and waste management by combining sustainability with cryptocurrency.
The platform rewards users with Ecoterra tokens for recycling materials, encouraging environmentally friendly behavior and reducing carbon footprints.
Key features of Ecoterra include a Recycle2Earn app, a Carbon Offset Marketplace, a Recycled Materials Marketplace and an Impact Trackable Profile.
The Ecoterra presale is currently offering tokens at $0.004, with the potential for a 150% upside at the closing stage price of $0.01.
Investing in $ECOTERRA during the pre-sale supports an environmentally conscious initiative and positions you to benefit from the project’s potential growth.
Buy ECOTERRA here
Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.
