Our 5 top cryptocurrency picks in April 2022
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ach month Coin Crop intends to pick 5 cryptocurrencies that we feel should be in your cryptocurrency portfolio. To qualify as our picks, we consider both potential upside and/or the possible returns when investing the assets.
In this guide:
Disclaimer: All of the information written on Coin Crop is without influence and based on our analysis. No guarantee is offered concerning the accuracy of this information and therefore, any individual following up on it does as such completely at their own risk. Rates are correct at time of publication.
Terra
Terra is a blockchain that enables a network of decentralised stablecoins. The associated utility token is known as LUNA.
The project began in 2018 and was the creation of entrepreneurs Daniel Shin and Do Kwon.
The main product of Terra is the algorithmic stablecoin, TerraUSD, a cryptocurrency that uses a mathematical formula to peg to the US dollar.
At the time of writing, the price of Terra is priced at $LUNA - $112.72
The performance of Terra has been particularly impressive in the last 3 months with a the price increasing over 20%.
If you are willing to lend your Terra to a centralised organization, you can earn the following rates of return:
| Organization | Terms | Rating | APY Rate |
|---|---|---|---|
| OKEx | Fixed (5 days) | 73.0% | |
| OKEx | Fixed (7 days) | 56.0% | |
| Binance | Fixed (7 days) | 10.0% | |
| Nexo | Flexible | 8.00% | |
| Bit2Me | Flexible | 8.00% |
Avalanche
Avalanche is a blockchain ecosystem with smart contract-capable. Its objective is to deliver a scalable blockchain solution but still maintaining decentralization, security, lowering costs, speeding up transactions and being eco-friendly.
At the time of writing, the price of Avalanche is priced at $AVAX - $95.25
Over the course of the last month, Avalanche has increased in price by nearly 20% and we see continued potential for greater upside.
| Organization | Terms | Rating | APY Rate |
|---|---|---|---|
| OKEx | Fixed (5 days) | 102% | |
| Midas Investments | Flexible | 17.0% | |
| Nexo | Flexible | 12.0% | |
| Nexo | Flexible | 10.0% | |
| Bit2Me | Flexible | 9.50% |
Sandbox
The Sandbox is a virtual world running on the Ethereum blockchain. It allows users to create, control and sell their game progress using the platforms utility token.
At the time of writing, the price of Sandbox is priced at $SAND - $3.49
In the last 30 days, the Sandbox has increased in price by over 17%.
| Organization | Terms | Rating | APY Rate |
|---|---|---|---|
| Bitrue | Flexible | 20.0% | |
| Binance | Fixed (7 days) | 10.0% | |
| CoinDCX | Fixed (7 days) | 5.00% | |
| AAX | Fixed (30 days) | 4.00% | |
| AAX | Fixed (14 days) | 3.50% |
Polygon
Polygon is an interchain scalability solution that provides a foundation for building blockchain networks. It sets out to bring the scalability and flexibility of alt chains together with Ethereum’s security, liquidity and interoperability.
At the time of writing, the price of Polkadot is priced at $DOT - $22.46
Over the last 30 days, Polygon has performed well with a price increase of over 10%.
| Organization | Terms | Rating | APY Rate |
|---|---|---|---|
| OKEx | Fixed (5 days) | 123% | |
| OKEx | Fixed (7 days) | 60.0% | |
| Nexo | Flexible | 16.0% | |
| Nexo | Flexible | 14.0% | |
| Bit2Me | Flexible | 12.0% |
Tether
Tether is a stablecoin represented by the token symbol $USDT. Each $USDT coin is linked and represented by 1 USD. In order for Tether to mint one $USDT token, it must hold the same amount in asset form.
Holders of the Tether asset can find some excellent rates of return:
| Organization | Terms | Rating | APY Rate |
|---|---|---|---|
| OKEx | Fixed (7 days) | 70.0% | |
| AAX | Fixed (7 days) | 60.0% | |
| Midas Investments | Flexible | 20.0% | |
| AAX | Fixed (14 days) | 16.0% | |
| AAX | Fixed (360 days) | 14.5% |
Mike
An editor at CoincropMike is a Crop Crop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.
