Top Cryptocurrencies for April 2023 – Cardano (ADA), Shiba Inu (SHIB) and Collateral Network (COLT)

As the cryptocurrency market continues to grow, investors are always on the lookout for promising projects with the potential for significant growth. In this article, we will take a closer look at three top cryptocurrencies for April 2023: Cardano (ADA), Shiba Inu (SHIB), and Collateral Network (COLT).

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Cardano (ADA)

Cardano is a long-time favorite among investors. This blockchain platform with a focus on scientific research has just flashed a major bullish signal.  

Founded in 2015 by Charles Hoskinson, also a co-founder of Ethereum, Cardano has a strong track record and community. Despite somewhat slow development, its community and developers have stuck with it.

One of the main features of Cardano is its unique proof-of-stake consensus algorithm, known as Ouroboros. This algorithm ensures that Cardano remains secure and operates smoothly, while maintaining scalability.

Recently, Cardano’s on-chain data flashed a major bullish signal. Specifically, on-chain data shows that over half of Cardano (ADA) holders have become long-term investors. This shift in composition indicates growing confidence in Cardano’s long-term potential.