Which cryptocurrencies rose the most in value in April? Bitcoin, Dogecoin, Shiba Inu…


Bitcoin appears to have recovered slightly from an early April drop that saw the price drop to $38,779 on Monday. This represented a decline of 11% over the previous 14 days, but the price of BTC has now risen comfortably above $40,000.

Cryptocurrency experts have pointed to a number of potential causes for the short-term hit to the famously volatile coin, but the recent tax filing deadline appears to be the most likely. Before Tax Day on April 18, many investors may have redeemed some of their crypto holdings to pay their taxes, driving the price down.

“We saw BTC and ETH literally rebound right after the market closed on Monday,” said Tom Dunleavy, senior research analyst at cryptocurrency market information firm Messari. “It is unclear whether these were algorithms or discretionary traders, but the global tax sale seems to be the underlying reason.”

Which Cryptocurrencies Have Recorded the Biggest Gains in the Last Month?

Investing in cryptocurrency can be an extremely risky business with sudden price swings for all but a few of the most stable coins. However, there is still room for some serious profit and a few coins have seen huge growth over the past month. All figures shown are taken from the leading cryptocurrency exchange Coinbase and are correct as of April 21, 2022.

Of those with a market capitalization of at least $1 billion, ApeCoin recorded the largest increase, with 45.56% increase in the last month. ApeCoin describes itself as a “governance and utility token used to empower a decentralized community building” and claims to be “leading web3”.

Other major increases in the past month were Dogecoin and Solanawhich recorded increases of 17.24% and 16.87% respectively.

Dogecoin is often referred to as the first ‘same room’, meaning it was originally started as a satirical joke to poke fun at the grand plans of Bitcoin and other early cryptocurrencies. However software developments have made it a legitimate investment in the eyes of some and it continues to generate considerable interest.

The success of Dogecoin has spawned a number of copycat, potentially rival coins that seek to leverage the same cryptocurrency trading culture. shiba inus uses the same dog mascot used on Dogecoin and those involved in the coin specifically labeled it as a “Dogecoin killer”.

Over a crazy 10 month period in 2021, Shiba Inu grew by around 121,000,000%, but with nothing substantial to differentiate it from the scores of similar similar parts, there is no suggestion that a prolonged increase is on the maps. However, he recorded a 6.5% increase over the past month.


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