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).
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.