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    10 Altcoins to Watch Closely in April 2022

    As digital coins are creating more mainstream, let’s put these altcoins on your radar.

    Cryptos have finally started to rise after a slugging start to 2022. The recent growth is a great sign for investors to keep their holdings with the hope of crypto slump has passed. April is another bright month with a lot of potential stable coins. Among those, there are 10 prominent names. 

    1. SWIPE (SXP)

    • Current price: 1,56 USD
    • Market cap: 747 triệu USD
    • Rank: #106
    (Cre: TradingView)

    Swipe platform aims to conjunct fiat currency and cryptocurrency.  To do so, it corporates with many payment networks to create card programs for transferring crypto to fiat and in reverse.

    Its main services are Swipe wallet, credit card, and SXP, its native token. 

    Many new updates are expected to release this month, such as mobile wallets, and web wallets along with the implementation of the Solar Side Ledger Protocol on the mainnet.

    As for its price, SXP has regained the key level at $1.45 after creating multiple bullish divergences. The nearest resistance to reach is $2.90.

    2. AXIE INFINITY (AXS)

    • Current price: 62,81 USD
    • Market cap: 3,82 tỷ USD
    • Rank: #44
    (Cre: TradingView)

    AXS is the native token of the flagship P2E (play to earn) game Axie Infinity. It can be used to manage, stake, and breed Axis, a type of pet in the game. 

    Despite the tremendous hack in March, Axie’s new version V3 is still set to roll out this month. This is one of Axie’s moves to recover from the “historic” attack. On March 16, AXS’s price rose up with a breakout but has yet to surpass the $68 resistance level (red circle). 

    3. COSMOS (ATOM)

    • Current price: 28,66 USD
    • Market Cap: 8,20 tỷ USD
    • Rank: #22
    (Cre: TradingView)

    Cosmo provides a large-scale ecosystem where all blockchains are connected. By doing so, protocols can remain the speed and scalability of each transaction, and connectivity between blockchains can be more stable. Furthermore, Cosmo also aims to simplify blockchain technology for the crypto community. 

    ATOM, Cosmo’s native token, has been steadily increasing since March 14 and there is currently no clear sign of declining. Version 8 of its mainnet, Rho, will launch this month.

    4. EOS (EOS)

    • Current price: 2,77 USD
    • Market cap: 2,73 tỷ USD
    • Rank: #49
    (Cre: TradingView)

    EOS is a centralized platform in which dApps are created. The main target of this platform is to make the utility of blockchain technology easier. Since its launch in 2018, EOS has become one of the most potential projects in the crypto space. EOS has had no significant update till the latest update in 2022. Still, the platform confirmed there will be a new release of Mandel 2.3.

    EOS price has been rising along with the support level since March 14. This level coincides with the horizontal support level of ​​$2.72. Due to this confluence, EOS may put an end to any upcoming short-term pullbacks.

    5. KAVA.IO (KAVA)

    • Current price: 4,41 USD
    • Market Cap: 738 triệu USD
    • Rank: #109
    (Cre: TradingView)

    Kava.io is a DeFi lending platform that allows users to lend, invest and make income in cross-chain interactions. KAVA, its native token, is used for security and staking. The platform is set to release this month. 

    The fund is raised from a nonprofit consulting firm that provides input strategically to the KAVA community and decentralized autonomous organization (DAO).

    On 28 March, KAVA surpassed the resistance line. If this process continues, the next level will be 5,60 USD. 

    6. ELROND (EGLD)

    • Current price: 191,81 USD
    • Market cap: 4,17 tỷ USD
    • Rank: #38
    (Cre: TradingView)

    Elrond protocol provides high-speed transactions through a unique mechanism by combining 3 types of sharding and upgrading the way they connect. 

    The native token of Elrond, EGLD used for: 

    – Staking

    – Paying in-network fees

    – Rewarding registrators

    This month, the protocol will launch its Web3 version with a pledge of distributing approximately 10% of the supply to EGLD stakers.

    EGLD price has been surging since 22 January. Currently, it is about to surpass the resistance level of 200 USD. EGLD may be traded in an ascending triangle, which is considered a type of bullish pattern. 

    If the breakout occurs, the next level to make will be 295 USD. 

    7. RESERVE RIGHTS (RSR)

    • Current price: 0,021 USD
    • Market Cap: 312 triệu USD
    • Rank: #180
    (Cre: TradingView)

    Reserve Rights is a dual stable coin platform, which goal is to resist the effects of inflation. Through an arbitrage system with stable coin RSV and native token RSR, it keeps the price at 1 USD. RSV is supported by a series of cryptos and many other assets. 

    The development team has recently announced that they will soon release the official version of Reserve Rights. Meanwhile, RSR price has broken through descending resistance level on 16 March and is about to surpass 0,0173 USD. The next level is predicted to be 0,0275 USD.

    8. NUMERAIRE (NMR)

    • Current price: 30,92 USD
    • Market Cap: 182 triệu USD
    • Rank: #288
    (Cre: TradingView)

    Launched on 20, Numerai is a platform based on Ethereum (ETH) and NMR is its native token. The platform allows developers to create machine models which can be used in the field of machine learning and data science. 

    NMR price has been up since 23 Jan and broke out of the descending resistance level on 23 Feb. If the uptrend continues, the nearest level to reach will be $47.

    9. SECRET (SCRT)

    • Current price: 5,33 USD
    • Market cap: 869 triệu USD
    • Rank: #94
    (Cre: TradingView)

    Secret Network is a data security blockchain built on Cosmos. Its native token is SCRT. Besides providing lower fees, it can also be used for staking to earn rewards. The latest Alpha mainnet upgrade will be rolled out this month. 

    Since November 2021, SCRT has been trading inside a long-term symmetrical triangle. It bounced at the support line on March 18 (green symbol) and has been rising ever since.

    The nearest resistance level will be 7 USD. 

    10. ODIN PROTOCOL (ODIN)

    • Current price: 0,092 USD
    • Market cap: 1,6 triệu đô la
    • Rank: # 1576

    Odin Protocol is a decentralized ecosystem released on 21 April 2021. Its native token is ODIN. At the initial stage, it issued 100 million tokens, with 20% of which predicted to be burned.

    In Q2 this year, ODIN will unleash some new updates that promise to attract more investors to its community. 

    ODIN has been consolidating above the $0.085 horizontal line and has gotten over the descending resistance line.

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