Cryptocurrencies begin the month of April amid a scenario of uncertainties. With a market awaiting more signs about the future of the U.S. economy and the next steps of Donald Trump's "tariff hike," digital assets continue to face difficulties. However, experts still see assets with potential for growth this month.
Theodoro Fleury, manager and investment director, emphasizes that "the first quarter in crypto was quite negative, with very significant drops in all assets. Bitcoin, the main asset by market capitalization and, in theory, the one with the lowest volatility among digital assets, depreciated about 20% in the quarter."
"A large part of this decline came from an increase in risk aversion. The S&P500 itself had the worst first quarter since 2022, and there was a significant increase in the correlation between the American stock market and digital assets," points out the executive. Thus, the degree of strength of this risk aversion will be decisive for the performance of cryptocurrencies in April.
[BITCOIN] #BTC
Fleury points out that "the fundamentals of bitcoin remain intact, and its scarcity dynamics make it less vulnerable to economic cycle variations, which tends to be an advantage now that the thesis of a slowdown in the American economy begins to gain strength among investors."
The manager also remembers that the cryptocurrency had a correction of about 30% in two months, "much more due to macro noise and correlation with risky assets than by the fundamentals of bitcoin itself." "In case of a reduction in volatility, and greater clarity regarding fees, we could see a significant recovery in the asset's prices, buoyed by a resumption in fundraising via ETFs," he comments.
[XRP] #XRP
Pedro Gutiérrez, Latam director at CoinEx, sees XRP as a token with potential for the month of April. He assesses that the cryptocurrency has become "a key player in the blockchain-based finance sector, with a strong focus on partnerships with banks and financial institutions."
He emphasizes that Ripple plans to launch an Ethereum-compatible network by 2025, "allowing Ethereum-based smart contracts to operate within the XRP ecosystem." For him, "this move could significantly increase demand for the token," boosting its price.
Gutierrez also comments that, from a technical point of view, the cryptocurrency is still in a price consolidation range, with no clear upward or downward trend. However, a breakout above the $2.5 range "could spur a new bullish movement and attract more interest from investors."
Sky (MakerDAO) #SKY
In a report on its recommended cryptocurrency portfolio for April, the Mynt team, BTG Pactual's crypto platform, brought as a significant novelty the inclusion of Sky, formerly MakerDAO. For analysts, the asset "stands out for its strong positioning and promising narrative."
"A survey by JPMorgan indicates growing interest in yield stablecoins due to low U.S. interest rates, benefiting the protocol, whose stablecoin combines stability and yields, aligned with this trend," he comments.
Analysts point out that "stablecoins are at the center of market narratives, with increasing institutional adoption and interest due to their utility in payments, remittances, and as a stable cash vehicle, strengthening the investment thesis in MakerDAO, which, as the issuer of one of the main stablecoins available in the market, is strategically positioned to capture this demand."
[Solana] #SOL
Vinicius Bellezzo, business development manager at Bybit, believes that Solana is a cryptocurrency with potential for the month of April. He believes that the asset is also in a price consolidation phase, currently at $126 after reaching a high of $250 in 2024.
"Even with the correction, the ecosystem remains robust, with high activity in DeFi and NFTs, as well as fast transactions and low fees. The rationale here is technical resilience and continued adoption by developers and
institutions," he comments.
For the executive, the value of $125 will be "key" to determining the future of the cryptocurrency. If it can surpass $130, it could reach levels above $150. Bellezzo believes the asset is a "solid choice for those seeking sustainable growth."
[Sui] #SUI
Danilo Matos, an analyst at NovaDAX, cites Sui as a cryptocurrency with potential in the coming weeks. He notes that the asset is part of the "Made in USA" group, digital assets created in the United States that have particularly benefited from announcements by the Trump administration.
"Despite the 13% drop in the last 30 days, this resilience draws attention to it at this moment in the market," comments the analyst. He notes, however, that the asset could also start a downward movement, depending on news or investor behavior.
He assesses that the $2 range, where the asset is currently, "has been a good area for accumulation if you believe in the project for the long term."