5 altcoins to watch out for in April 2023The hosts of the popular YouTube channel about cryptocurrencies Altcoin Daily identified 5 cryptocurrencies that are advisable to buy and store in April 2023.
The coins were chosen based on significant events in their ecosystem in the current month. Altcoin Daily's choices for April 2023 include Ethereum (ETH), EOS (EOS), Fetch.аi (FET), PancakeSwap (CAKE) and MutiversX (EGLD).
The channel host mentioned the Shapella update as the most significant event in the blockchain industry in April. Presumably, the hardfork will be activated on April 12, 2023, and will allow ETH stackers to withdraw their tokens without restrictions.
Another major event is the launch of EVM on EOS, which is scheduled for April 14, 2023 and will ensure compatibility of the EOS protocol with the Ethereum blockchain. This update of EOS will rejuvenate the atmosphere after the great disappointment of users who expected much more from the project.
Fetch.аi is also on Altcoin Daily's April list of top 5 cryptocurrencies, which raised $40 million to deploy decentralized machine learning. According to the presenter, AI will be extremely popular in 2023, and Fetch.аi aims to give developers the tools to monetize AI-based apps through an autonomous machine-to-machine ecosystem.
On April 8, 2023, PancakeSwap will update to version 3, which the leading Altcoin Daily considers a notable update. The project already ranks fourth among the top DEX tokens by market capitalization. It is also the only DEX token not based on Ethereum.
The last coin on the list is MultiversX, formerly known as Elrond. On April 12, 2023, the two leading DApps in the MultiversX ecosystem, UTRUST and Twispay, will merge into XMoney. On April 26, another major decentralized app, XFabric, will launch on blockchain. All of this will increase the performance of the native EGLD token.
