Cryptocurrency Market Analysis: 5 Biggest Gainers of April 2021

The entire market has registered significant growth during April 2021. The total cryptocurrency market cap increased by 18%. CoinIdol, a world blockchain news outlet, created an overview of the best performers of April among the top 100 coins in the global market.

Dogecoin

Dogecoin (DOGE) was the best performer in April. For the past 30 days, the altcoin has gained about 564.87%. DOGE opened April at $0.05365 and closed the month at $0.3376.

On May 1, DOGE/USD price was standing at around $0.363 with a 24h increase of +15%. The 24h volume was at $8.007 billion up from $5.816 billion at the start of the month, indicating a 37.7% increase. The market cap for DOGE also increased from $7.996 bln (April 01) to $43.681 bln (April 30) to $46.686 bln (May 1), indicating a +483.9% increase.

It was in April that Dogecoin recorded its new all-time high (ATH) of $0.4377 (April 16). If the DOGE price trend remains like this, the #Rank 6 cryptocurrency by market cap could hit and surpass the $0.5 cap before May ends.

Ethereum Classic

Ethereum Classic (ETC) managed to gain by over 180% in the past 30 days. ETC price opened the month of April at $14.08 and closed at $36.37. The 30-day volume increased from $1,318,418,510 to $2,327,110,618 on May 1, indicating a gain of over 76.6%. The 30-day market cap also gained from $1,676,177,761 to $4,517,323,800, representing a gain of about 169.5%.

On May 1, Ethereum Classic was trading at $38.84 with a 24h increase of 9.53% and is still in Rank #36 and is threatening to surpass Huobi Token and BitTorrent soon.  Ethereum Classic also recorded its new ATH of $49.67 on April 17. ETC is now eyeing to trade above the $50 cap.

KuCoin Token

KuCoin Token (KCS) skyrocketed by nearly 172.55% in the last 30 days. At the beginning of last month, KCS was trading at about $5.26 and then ended the month at $14.49.

Its open volume was $40,934,247. The coin exited April at $62,543,813 and is currently sitting at nearly $52,288,057, indicating a growth of about 30%. The market cap for KuCoin Token also soared from $526,543,944 to $1,195,519,085, representing a growth of 127% in just 1 month.

On May 1, KCS/USD price was sitting at $14.91 (2.14%) and is still in Rank #88. KuCoin Token aims at recovering and trading at around $21.14, a price it last traded 3 years ago (Jan 7, 2018).

Ripple

Ripple (XRP), the cryptocurrency in Rank #4 by market cap, gained by almost 172.48% in the last 30 days. The volume increased from $4,725,008,531 to $14,160,854,005, indicating an increase of about 199.7% in just one month. The MC also increased from $26,302,184,999 to $72,268,392,381, representing a growth of 174.8%.

On May 1, XRP/USD was changing hands at $1.55 (2.01%), with a market cap of $70.371 billion and 24h volume of $11.318 bln. XRP’s 30d low/high was $0.559 and $1.96 respectively. 

XRP needs to more than double if it wants to set a new all-time high. The last time it traded above $3.84 was 3 years ago (Jan 4, 2018). And now that it is settling matters with the US Securities and Exchange Commission, the confidence among the public is returning and very soon we could see XRP making wonders in the crypto market.

XRP is a step away from surpassing Binance Coin by MC – it only needs around $26 bln to achieve this target.

Bitcoin Gold

Bitcoin Gold (BTG) as the name suggests managed to soar by over 136.46% in the last month. At the beginning of April, the cryptocurrency in Rank #74 was trading at $41.67, but at the end of the month, BTG has reached $95.07.

It also opened the month with a volume of $79,861,217 and closed with the vol of $129,030,457, representing a bullish of about 63.3%. The market cap also surged from $732,459,862 to $1,665,073,357, indicating a boom of 127.5%.

On May 1, Bitcoin Gold was changing hands at around $95.22 (5.18%), with a market cap of over $1,667,452,783 and 24h vol of $148,611,732. BTG still has a long way to go to regain its previous ATH of $539.72, the price it traded 4 years ago.