The past seven days of the crypto market have passed like a ship stuck in the Suez Canal, which, fortunately, has ended well.

The market has returned to recovery led by Bitcoin, here are the top five cryptocurrencies to watch in April:

Bitcoin (BTC):

Needless to know, which is often followed by the crypto market wherever it goes.

Last week, we saw an exciting announcement from Tesla where the giant electric car maker revealed that users can now pay with Bitcoin to get a Tesla car.

Elon Musk tweeted about it, so the market went up.

Unfortunately, the rally was unsustainable, as soon after, BTC plummeted and fell to nearly $50,000.

Read:Coinbase sued over Bitcoin Cash

This is where Bitcoin found strong support and started to rise as it is currently trading at around $57,600.

BTC has already breached the first serious resistance at $55,000 and looks set to break $57,700 next.

If it succeeds in closing above it, we can expect to test the coveted $60K level and get a new high around $62K after that.

Cardano (ADA):

Next on the list of cryptocurrencies to watch in April is the ADA.

Cardano has been among the best performing cryptocurrencies in the past two months.

Now, many see the ADA rush as just guesswork because Cardano doesn’t really have the potential of smart contracts just yet.

Charles Hoskinson, founder of Cardano, has taken it upon himself to refute the argument that Cardano lacks the fundamentals of smart contracts and outline the many partnerships Cardano already has, as well as the strong foundation of the protocol.

It also timed a test network that will allow users to build and deploy smart contracts on Cardano.

With all of the above in mind, the price is exactly what it was a week ago.

Read:Bitcoin Struggling for $50K and Beginning of Altcoin Bounce

In fact, the currency was affected and fell to $1.06 and recovered quickly and decisively.

Over the past few days, the ADA cryptocurrency has been sort of consolidating and preparing for a rally, and it will be interesting to see the next breakout trend.

Binance Coin (BNB):

Binance coin grabbed the headlines this year, posting some impressive gains, after jumping to around $350.

Over the past two weeks, the cryptocurrency BNB has been trading in the $290-$240 range.

However, given historically, cryptocurrencies do not really like to trade in a range for an extended period of time.

In other words, the breakout could happen soon.

Also, the first quarterly burn of 2021 is approaching, which may act as a catalyst for the currency.

The past few months have been particularly volatile, and it’s possible that Binance has seen huge returns.

This means the burn is likely to be significant in the first quarter of 2021.

Reducing the supply of the third largest cryptocurrency by market cap seems to be something to consider, in the last days of March and the beginning of April.

Read:The fourth largest South Korean bank announces the provision of custodian services for cryptocurrency

Also, the Binance Smart Chain is showing no signs of slowing down.

Given that BNB is the primary cryptocurrency that users deal with, this creates additional demand for it.

Currency (UNI):

Uniswap is currently the leading platform in the field of decentralized trading as well as an automated market maker.

The UNI governance token, which was distributed free of charge earlier to people who used the decentralized exchange platform uniswap last year, is currently priced at uni at $28, which means that the 400 UNI coins that most people have acquired are currently worth nearly From $12,000.

Over the past seven days, UNI has lost some of its value, dropping from around $32.

However, on March 24th, we reported on Bitcoin Arab that the long-awaited launch of Uniswap v3, which carries a major update aimed at transforming the DEX into a more flexible and capital-efficient automated market maker, is imminent.

Therefore, we are likely to see positive movements from the currency coinciding with the announcement of the update.

Solana process (SOL):

Solana offers a scalable blockchain infrastructure that features a very high number of transactions per second and very low transaction fees.

Compared to the exorbitant Ethereum fees and slow transaction processing, many are looking for alternatives, often settling on the Solana blockchain.

Perhaps this is the reason why Solana is one of the most popular projects in 2021.

In terms of price, the SOL cryptocurrency is one of the best performing cryptocurrencies in 2021.

On January 1, the cryptocurrency was trading around $0.55.

The price of the coin is currently around $18.6, which means a total return of approximately 3200%.

It is worth noting that the digital currency SOL is not showing any signs of slowing down, and with the current euphoria around DeFi and NFT, its next move in April should definitely be noted.

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