Top Cryptocurrencies to Invest in April 2024: Theta Network, Optimism & TRON

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The cryptocurrency landscape for 2025 has shown significant advancements, drawing interest from investors looking for promising growth avenues. This year, digital currencies associated with gaming, artificial intelligence (AI), and decentralized finance (DeFi) are receiving heightened focus.

The market appears to be on a recovery path, as many cryptocurrencies are presently trading positively. This trend hints at the potential for further expansion, prompting an increasing number of investors to consider altcoins as a means to diversify and bolster their investment portfolios. This report delves into some of the most promising cryptocurrencies available at the moment.

Promising Cryptocurrencies to Consider

Recently, Theta Network formed a partnership with the San Jose Earthquakes to unveil “Quakebot,” an AI-driven chatbot designed to enhance the fan experience. Gala has also made headlines by enabling the transfer of GALA tokens from GalaChain to Solana via Gala Connect, enhancing flexibility for its token holders. In other developments, the total value locked (TVL) in the decentralized finance sector has fallen below $95 billion, representing a more than 30% decrease since its peak in December 2022.

1. Theta Network (THETA)

Theta Network has teamed up with the San Jose Earthquakes to launch “Quakebot,” an innovative AI chatbot aimed at enriching the fan experience. Operating on Theta EdgeCloud, this chatbot will deliver real-time updates about the team via the official Earthquakes website. As the first initiative of its kind within Major League Soccer (MLS), Quakebot signifies a leap towards interactive digital engagement.

The AI chatbot is specifically trained on data concerning the Earthquakes and MLS soccer, allowing it to respond to inquiries about tickets, match schedules, rosters, statistics, team news, and venue information. This marks Theta Labs’ first foray into professional soccer, with Quakebot set to be operational for the 2025 season.

Following this announcement, Theta Token (THETA) experienced a minor uptick of 0.08%, currently trading at $0.76. Over the last day, its price has varied between $0.7516 and $0.7953. Although the token’s value remains above its initial sale price, it is trading at 59% lower than its 200-day simple moving average of $1.87182.

The volume-to-market cap ratio stands at 0.1109, indicating a relatively high level of liquidity. Over the last month, the token recorded 14 days of positive performance, reflecting a moderate level of consistency. Additionally, the 14-day Relative Strength Index (RSI) is at 46.57, suggesting that the asset is neither overbought nor oversold, indicating potential price movements ahead.

2. TRON (TRX)

Currently priced at $0.24, TRON (TRX) has seen a 3.68% increase in the past 24 hours. This price point is near its recent cycle peak and above its original token sale value, showcasing a robust market performance. The coin is trading 14.20% above its 200-day simple moving average of $0.211008, often interpreted as a sign of sustained upward momentum.

However, the 14-day RSI is at 37.46, indicating that the asset is in a neutral zone, neither overbought nor oversold, which could lead to stability in the short term. TRON exhibits solid liquidity, with a 24-hour volume-to-market cap ratio of 0.0475. A significant development within the TRON ecosystem is its support for Tether (USDT) transactions, as TRON reportedly hosts about 78% of all USDT wallet addresses. This suggests that users favor the TRON network for USDT transfers, likely due to its low transaction fees and reliable speed, especially when compared to other altcoins that manage a smaller volume of USDT transactions.

This strong position in stablecoin transactions further affirms TRON’s expanding role in the digital finance infrastructure, positioning TRX among the top cryptocurrencies to consider at this time. While market indicators and sentiment are predominantly positive, the current Fear & Greed Index reflects a state of fear at 28.

3. Optimism (OP)

Optimism serves as a Layer 2 blockchain built on Ethereum, employing optimistic rollups to enhance transaction efficiency. Transactions are initially processed on Optimism’s network and subsequently confirmed on Ethereum, alleviating congestion and reducing fees while leveraging Ethereum’s security. As part of Ethereum’s scaling initiatives, Optimism endeavors to facilitate quicker and more cost-effective on-chain activities.

Recently, Tether launched USDT0, a variant of its USDT stablecoin, on both Optimism Mainnet and Ink, with aspirations to broaden its reach to additional networks. USDT0 aims to enable rapid, low-cost, and secure cross-chain transfers across a network of interconnected blockchains known as the Superchain. This initiative seeks to promote stablecoin usage within expanding ecosystems by simplifying asset transfers between chains.

Furthermore, USDT0’s adoption on Optimism has gained significant traction, with the Total Value Locked reaching $1.2 billion, denoting a 40% monthly growth. The trading volume for the USDT0/ETH pair peaked at $75 million, averaging $50 million daily, illustrating rising interest in utilizing stablecoins for trading and liquidity on Layer 2 networks.

Optimism’s native token, OP, is now priced at $0.70, reflecting a 4.10% increase over the past day and trading near its recent highs. The volume-to-market cap ratio over the last 24 hours is 0.1803, indicating a healthy liquidity level. The 14-day RSI stands at 48.63, signifying a balanced market stance.

4. Solaxy (SOLX)

Solaxy (SOLX) represents a Layer-2 solution built on the Solana blockchain, designed to alleviate network congestion and enhance transaction speed. This is achieved by processing transactions off the main chain before finalizing them on Solana, which helps to minimize transaction costs and reduce the burden on the network during peak times.

The platform targets high-speed transaction areas such as decentralized finance (DeFi), non-fungible token (NFT) marketplaces, and blockchain gaming, which typically require rapid processing to manage large transaction volumes. Solaxy’s rollup architecture bolsters this by consolidating multiple transactions and submitting them to the main network, thereby improving efficiency.

The project successfully raised over $29 million during its presale, indicating significant investor interest. The presale employed a tiered pricing model, where token prices incrementally rise in phases. While this structure encourages early engagement, participants encounter varying price levels based on their entry timing. Solaxy is still in its formative stages and has yet to be listed on major exchanges, but its focus on addressing Solana’s scaling challenges may attract users seeking efficient solutions for high-demand scenarios.

5. Gala (GALA)

GALA is currently priced at $0.014, experiencing a 4.33% gain in the last 24 hours. During this timeframe, it recorded a low of $0.01423 and a high of $0.01533. Over the past month, GALA exhibited upward movement on 15 days, while the 24-hour volume-to-market cap ratio is 0.2715, indicating a relatively high level of liquidity for its size.

A recent update has made it possible to bridge GALA tokens from GalaChain to Solana using Gala Connect. This new feature expands the token’s interoperability, enabling users to transfer assets seamlessly across different blockchain networks. Gala Connect serves as a bridge, simplifying the asset transfer process without the need for separate platforms or convoluted procedures.

By allowing GALA to be bridged to Solana, the token gains access to a wider blockchain ecosystem, which supports quicker transaction times and lower fees compared to some other networks. This integration opens up avenues in decentralized finance (DeFi), NFT trading, and blockchain gaming—fields where both Gala and Solana are active participants.

The bridging capability aligns with the objective of enhancing GALA’s reach and utility, while also mitigating limitations associated with being tied to a single blockchain, thus allowing the token to adapt more effectively in an evolving digital asset landscape.