Top crypto movers: Biggest gainers and losers in April
April has been historically a fruitful month for cryptocurrencies, according to a market recap by Kraken published in March 2022.
Although the overall market is bearish, Kraken suggested that April’s seasonality favours the bulls, with a median price lift of 27%.
Here we take a look at the biggest crypto movers in the period between 25 March and 25 April 2022, according to data provided by CoinMarketCap. Note that cryptocurrency markets are volatile and past performance is no guarantee of future returns.
Top moving crypto in April
Bxmi Token (BXMI): 7264.54% 30-day gain
BitXmii is a centralised cryptocurrency exchange platform that hosts over 140 coins and allows investors to engage in spot, margin and contract trading. In addition, the platform’s users can purchase and sell USDT, BXMI and BTC at a competitive rate.
The platform also offers a marketplace for non-fungible tokens (NFTs) and large peer-to-peer (P2P) crypto transfers between $10,000 and $100,000. Some of its biggest perks include fast transactions, low trading and withdrawal fees and a number of risk management tools.
Since launch in 2021, the platform has released 210m BXMI tokens. Around 98m of those are currently in circulation (as of 25 April). The token has a market capitalisation of over $57m and is currently (25 April) ranked at 2,952 on CoinMarketCap.
ALL BEST ICO (ALLBI) : 6307.67% 30-day gain
Second on our cryptocurrency biggest gainers list is ALL BEST ICO, a create your own decentralised finance (DeFi) project platform.
After losing 99.1% of its value and dropping from $0.0276 on 24 November to $0.0002411 on 31 December 2021, the platform’s native cryptocurrency, ALLBI, rose to $0.02578 on 18 April 2022.
The surge followed news that the token switched to the Binance Smart Chain (BSC) contract on 31 March 2022 from its previous ERC-20 contract.
The platform charges its clients in ALLBI coins for services that include the creation of a cryptocurrency on their own terms, a website, advertisement and overall administration. Charges are made until clients are ready to develop their own project.
A total of 868m ALLBI tokens were launched in 2018, with over 479m coins currently in circulation (as of 25 April), according to data on CoinMarketCap. ALLBI has a market capitalisation of $913,180.34 and is ranked at 1,739.
Note that the token has an ‘E’ safety score, according to isthiscoinascam.com, which is considered a relatively poor rating. Make sure to conduct your own due diligence if you consider trading this or any other cryptocurrency.
IDEAS (IDS): 3116.79% 30-day gain
After several months of trading in a bear market, IDS, the native cryptocurrency of the fully decentralised investing and fundraising platform IDEAS, skyrocketed to $0.01485 on 20 April 2022 from $0.0002508 a week earlier – a 5,821% jump. According to the platform’s own analysis, the surge was the result of “hidden marketing”. The token is in third place on our list of top raisers.
Still in the early stages of its development, the platform’s main goal is to change the way people can fund and invest in projects. IDEAS brings together entrepreneurs and investors in a place where anyone can advertise and find the right investor. All payments for using the platform's services are conducted with the IDS ton.
IDS has a total supply of 300m coins. According to data provided by CoinMarketCap, as of 25 April 2022, all 300m tokens are currently in circulation. IDS has a market capitalisation of around $2m and a rank of 3,25t on CoinMarketCap.
Biggest crypto losers in April
Broad crypto market sentiment was bearish in April with some of the top cryptocurrencies by market capitalisation, like bitcoin (BTC) and ether (ETH), losing values. Let’s take a closer look at this month’s biggest crypto fallers.
LordToken (LLT): 100% 30-day loss
LLT, the native cryptocurrency of the recently launched crypto assets exchange platform LordToken, has been trading between $0.04 and $0.03 in April, taking the first place on our list of biggest crypto fallers.
On 5 April 2022, LordToken said that CoinMarketCap had displayed the LTT/WBNB pair, resulting in the wrong price chart and throwing investor sentiment off.
LordToken is powered by the Binance Smart Chain (BSC). It allows people to invest in LTT tokens whilst trading other crypto assets. Its mission is to make investing in Europe accessible for all.
In the first quarter of 2022, the platform is planning to introduce its LTT’s saving program through which users will be able to stake their LTT tokens for an annual percentage yield (APY). In the second quarter, LordToken will bring a cashback program.
LTT has a total supply of 2bn tokens, with 228m currently in circulation. The coin’s market capitalisation exceeds $8.2m, as of 25 April, and is ranked t 4,205 on CoinMarketCap.
ELON BUYS TWITTER (EBT): 99.94% 30-day loss
The second biggest faller this month was EBT, the native cryptocurrency of the ELON BUYS TWITTER project, which gives meme creators the opportunity to earn and gain “a stipulated revenue for their work”.
EBT is a BEP-20 meme token that was driven by Tesla CEO Elon Musk’s recent announcement that he was interested in purchasing Twitter (TWTR).
EBT saw a 264% daily gain, peaking at $0.00023 on 21 April 2022 from $0.00006317 earlier that day. However, the token embarked on a downward trend, losing all of its value by the following day and dropping to levels below the $0.00003 mark.
The project is still in its early stages of development, with plans to further its ecosystem and add a number of “lazy games” that will provide play-to-earn opportunities.
Over 999bn EBT tokens were released, with all of them currently in circulation. The coin’s market capitalisation stands at $249,460.28, as of 25 April, and has a rank of 4,043 on CoinMarketCap.
Kittens & Puppies (KAP): 99.84% 30-day loss
Another recently developed cryptocurrency that powers the Kittens & Puppies play-to-earn metaverse has struggled to pick up momentum in April falling from $0.00009168 on 10 April to $0.0000004868 on 22 April 2022 – a 99.4% decline.
The game, which was inspired by 2005 Nintendo DS hit Nintendogs, will allow people to play with, raise and reproduce their NFT virtual pets, while earning rewards through the KAP cryptocurrency. TThe metaverse is still in the early stages of development, with the launch of its NFTs coming soon in the third quarter of 2022. A fixed amount of 21bn KAP tokens was released.
Note that this token has an ‘F’ safety rating according to isthiscoinascam.com, which is a low score and may indicate it is unsafe to trade it. Always conduct your own due diligence if you consider trading a cryptocurrency.
Crypto gainers and losers: The bottom line
While most of the cryptocurrency fallers in April were newcomer coins, the top coin movers were often driven by a change in their protocol or marketing wins.
Please note that past performance does not guarantee future returns. Cryptocurrencies are highly volatile. Past performance should not be used as a substitute to your own research. Always conduct your own due diligence such as looking at the project’s utility and fundamentals. And never invest or trade money you cannot afford to lose.
FAQs
What affects the price of crypto?
Cryptocurrency prices can be affected by a number of factors, including rising inflation and geopolitical tensions, as well as an overall market environment. Cryptocurrencies are high-risk assets. Any shifts between risk-on and risk-averse sentiment could affect prices.
What is the most stable cryptocurrency?
All cryptocurrencies are highly volatile. However, there are a number of stablecoins, whose value is pegged to a reserve asset, such as the US dollar. Always conduct your own due diligence. And never invest or trade money you cannot afford to lose.
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