3 Bullish Altcoins Predicted to Outperform Bitcoin (BTC) in April 2024
April is shaping up to be a promising month for altcoins, with three coins expected to outshine Bitcoin significantly. ALGO, GT, and CAKE are the standout performers, each presenting unique opportunities for investors.
ALGO, the native coin of Algorand, has recently formed a “Golden Cross” on its 4-hour price chart. This bullish indicator suggests that ALGO may be on the brink of a new bull run. With its decentralized and scalable platform for digital currency and smart contracts, ALGO has the potential for significant growth in the coming months.
GT, the utility token of the Gate.io exchange platform, has gained attention with an impressive 98.10% growth over the past month. The coin is currently 22.19% below its all-time high, indicating room for further upside potential. The GT 4-hour price chart displays a rising trend with bullish EMAs, suggesting strong momentum and potential continued gains.
CAKE, the native coin of PancakeSwap, a decentralized finance (DeFi) platform, is also primed for growth. With a 48.54% increase in the last month and trading well below its all-time high, CAKE has room to soar. The 4-hour price chart shows a bullish trend, with short-term EMAs positioned above long-term ones, indicating ongoing momentum.
Investors looking to diversify their portfolios and capitalize on potential altcoin gains should keep a close eye on ALGO, GT, and CAKE. These coins present attractive opportunities outside of the Bitcoin domain and may outperform the leading cryptocurrency in April 2024.