Crypto Analyst Reveals the Top 5 Coins to Buy & Hold in April 2023 By CoinEdition

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Crypto Analyst Reveals the Top 5 Coins to Buy & Hold in April 2023
  • Altcoin Daily host outlines the best 5 cryptos to buy and hold in April 2023.
  • The highlighted tokens include ETH, EOS, FETCH, CAKE, and EGLD.
  • The coins have been chosen based on the major events happening around their ecosystem in April.

The hosts of the popular YouTube crypto channel Altcoin Daily have announced the best 5 cryptocurrencies to buy and hold in April 2023. The tokens are selected based on the significant events happening within their respective ecosystems in the month under review. According to Altcoin Daily, the best cryptos for April 2023 are Ethereum (ETH), EOS (EOS), Fetch.ai (FETCH), PancakeSwap (CAKE), and MutiversX (EGLD).

The most significant event in the blockchain sector in April is the Shapella Upgrade, a combination of the Shanghai and Capella Upgrades. This upgrade is scheduled to take place on April 12, 2023, at 6:30 pm UTC and will allow ETH stakers to withdraw their staked coins without restriction. The channel’s host believes that more users will be willing to stake ETH tokens following the upgrade, leading to increased demand for the second-largest crypto by market capitalization.

The EVM launch on EOS is another major event in the industry in April. The launch is scheduled for April 14, 2023, and will make the EOS protocol interoperable with the Ethereum blockchain. The Altcoin host believes this upgrade will help revive the enthusiasm around EOS after users were somewhat disappointed in the project.

Fetch.ai also makes the list of Altcoin Daily’s top picks for April after raising $40 million for the deployment of decentralized machine learning. The AI narrative is very strong in 2023, and Fetch.ai aims to provide the tools necessary for developers to monetize and deploy applications via an autonomous machine-to-machine ecosystem.

On April 8, 2023, PancakeSwap will upgrade to version 3, and the channel’s host considers it a major update. PancakeSwap already ranks fourth among the top DEX tokens by market capitalization. Furthermore, it is the only non-Ethereum-based DEX token among its peers. With CEXs coming under fire, the channel’s host believes many Binance native project coins could switch to the DEXs, and PancakeSwap is well-positioned to benefit from this shift.

The final coin on Altcoin Daily’s list is MultiversX, formerly Elrond. On April 12, 2023, two of the top DApps in the MultiversX ecosystem, UTRUST and Twispay, will merge to become XMoney. Later in the month, on April 26, XFabric, another major DApp, will go live on the blockchain. The host believes these developments will have a considerable impact on MuliversX and boost the performance of its native token, EGLD.

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