The top cryptocurrency to watch for in April 2024 is Toncoin (TON), whose performance has stood out on the market in recent weeks. Two other cryptocurrencies to watch for have yet to be officially listed: Pi Network's Pi Coin and Bitcoin Dogs (0DOG).
1. Toncoin
Toncoin is the native coin of The Open Network (TON), a blockchain ecosystem initially developed by the creators of Telegram. TON is designed to provide high transaction speeds and scalability, supporting various applications, including decentralized apps and smart contracts.
TON became cryptocurrency to watch for with its recent surge, breaking the top 10 cryptocurrencies by market cap. At the time of writing, it was at #9 and trading for $6.37.
Toncoin token price has been in a strong bullish run in the past few months. It reached an all-time high of $6.50, compared to last year's low of $0.98.
The outlook for the coin is extremely bullish, with the next point to watch being at $7. A move below the support at $5.70 will invalidate the bullish outlook.
This surge in value and market position of the cryptocurrency to watch for was largely driven by Telegram's recent pivot towards utilizing TON for ad payments and revenue-sharing with content creators, demonstrating TON's growing utility and adoption. This integration has created a robust use case for TON, heightening its appeal to investors and everyday users alike.
About a month ago, TON gained 14% in the wake of the Toncoin community rewards initiative, whose value exceeded $100 million. The cryptocurrency to watch for rose by 26%, and Telegram's co-founder hinted at a potential IPO.
Swiss neobank Brighty App lists TON
Brighty App, a leading European fiat and crypto neobank from Switzerland, has officially announced the listing of Toncoin (TON) on its platform. This listing marks a significant extension of Brighty's cryptocurrency offerings, catering to both fiat and crypto users across Europe.
With the integration of this cryptocurrency to watch for, Brighty App users can now access a range of new financial services. These include a unique TON-branded digital card, soon to be launched, which will further integrate Toncoin into everyday transactions. EU citizens and residents can now easily apply for the card directly through the app.
Brighty App also introduces a compelling incentive for early adopters of the cryptocurrency to watch for. It is a 10% cashback (up to 5 TON) on purchases made with the card, alongside an attractive <10% Annual Percentage Yield (APY) on stablecoins held within the app.
Brighty's decision to list TON is driven mainly by the token's recent market performance and strategic developments. The cryptocurrency to watch for gained nearly 50% in the first two weeks of April. This has been notable as other major cryptocurrencies like Bitcoin and Ethereum saw brief liquidation.
Nikolay Denisenko, the co-founder and CTO of Brighty, said:
Brighty shares a lot of common values with TON. Tonchain is a promising network that emphasizes utility and user-centric solutions. These aspects also resonate with our values and commitments. We integrated TON into the Brighty App to provide additional utility for the growing TON community. At Brighty, we didn't just want to facilitate general trade by listing the token. We wanted to create a seamless and rewarding payment experience with TON within our ecosystem.
2. Pi Coin
Pi Network's Pi Coin, another cryptocurrency to watch for, has accumulated a substantial following in the cryptocurrency community. This is thanks to its unique approach to mining. It is mined directly from a smartphone with minimal resources. The cryptocurrency to watch for has almost ten million verified users and boasts 3.3 million followers on X.
Its management assures Pi Coin will be listed this year if it achieves three key goals. These involve completing the KYC process, making sure there is enough utility for the coin, and the right market conditions.
More specifically, the goals are:
· 100 mainnet-ready apps.
· 15 million Pioneers (early adopters) passing KYC checks
· 10 million Pioneers migrating to beta mainnet.
3. Bitcoin Dogs (0DOG)
The final cryptocurrency to watch for is at the forefront of evolution, leading the growth of the Bitcoin ecosystem through gaming, BRC-20 tokens, and NFTs. Bitcoin Dogs was the first BRC ICO in the world.
The creators of this cryptocurrency to watch for combined the 0DOG token with interactive gameplay and a 10K NFT collection to offer an enjoyable and unique earning experience. The presale raised $13.5 million.
In March, the creators wrote that while they wanted to "hit exchanges" as soon as possible, they wanted the official listing to be perfect, adding that the bull market may be positive, but it has also slowed many project listings.
Early backers of the cryptocurrency to watch for helped build the foundation for the top NFT and gaming project in the BRC-20 market, which shows huge promise. Current market conditions and the possible tailwinds in 2024 pledge the potential for this to turn into a 100x cryptocurrency.
The first week of March saw a huge explosion in NFTs on Bitcoin as the BTC price rose sharply. Market data showed a resurgence in NFTs, with collections on Bitcoin seeing a decent surge in sales and total transactions.
Bitcoin Dogs' market launch is likely perfectly aligned with the bullish outlook not just for crypto, but for NFTs and gaming.
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