5 Top Cardano Tokens to Invest in April 2024

With the completion of the first quarter of 2024, it’s time to move ahead into our crypto journey while looking forward to some of the high-potential Cardano tokens.

Cardano is one of the top cryptocurrencies on CoinmarketCap because of its high market cap and market image. Because of this, many tokens get launched on this platform, and in today’s blog, we will discuss the top Cardano-based tokens, other than ADA.

Best Cardano Tokens To Invest In April 2024

More than 50 tokens are based on the Cardano network, which has locked a total of $1,079,055,016 in trading volume. Out of these, the top 5 picked for the April investment category are AGIX, INDY, LINK, NEXO, and COTI. Let’s discuss the details about them one by one.

SingularityNET (AGIX)

SingularityNet is at the best time of the last four years, where it is valued at $1.22 with a market cap of $1,555,729,329. It has a trading volume of $178,084,888. It is just 34% away from its all-time high value of $1.86. AGIX might reach that soon if the bullish market keeps pushing the token.

SingularityNet is an AI token that allows people to use AI services to create, share, and monetize things.

Indigo Protocol (INDY)

Indigo protocol allows users to create iAssets Or synthetic assets and is an autonomous synthetic protocol. It is currently trading at $2.27 with a market cap of $11,694,892.

It had peaked nine months ago when it rose to its ATH of $4.58 and was facing a downtrend earlier.

Chainlink (LINK)

Chainlink is one of the most popular Cardano tokens and is ranked 15th on the CoinmarketCap. It has a market cap of $10,836,267,275 and a trading volume of $361,654,661. Though LINK is worth of $ 18.45 now but it has reached an all-time high of $52.88 earlier, presenting a good potential for the investment.

It is a blockchain abstraction layer that connects Smart Contracts. Here, the blockchain can easily interact with external data, information, and modes of payment.

Nexo (NEXO)

Nexo is trading at the $1.30 value, where its market cap is at $730,376,124 and a trading volume of $5,749,171. It had spiked to a two-year high of $1.571 with $12.46 in trading volume.

NEXO is the native token of NEXO, a cryptocurrency exchange and a lending platform. It allows users to buy and sell a variety of cryptocurrencies.

COTI (COTI)

COTI is a fintech platform that helps others build their payment solutions. It is currently trading at $0.1805 with a market cap of $283,738,789. Its number of transactions is up from yesterday, and a surge of 45% is noticed in its trading volume, pushing the value to $15,217,068.

Conclusion

There are a few other Cardano token options that also have potential that investors can look for. For now, the blog has discussed a few Cardano-based token options that can be a potential investment option for investors for this month.

The post 5 Top Cardano Tokens to Invest in April 2024 appeared first on CoinGape.

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