Cryptocurrencies enjoyed a relatively strong March despite a hawkish shift from the U.S. Federal Reserve and an escalation of the Ukraine crisis. An inverted yield curve also signaled that a recession could be forthcoming. Below are several cryptocurrencies to consider buying in April.
Ripple (XRP)
XRP performed well in recent weeks, rising from the year’s low of $0.5482 to a multi-month high around $0.90. The main catalyst has been the ongoing legal battle between the U.S. Securities and Exchange Commission and Ripple Labs. Both parties made incremental gains in March, but the ultimate outcome remains uncertain.
Analysts expect a court ruling in April. Regardless of the verdict, XRP is likely to remain in focus. Cases like this often end in settlement or a regulatory penalty, and the market tends to react to those outcomes. Technically, XRP has stayed firmly above its 25-day and 50-day moving averages and is testing resistance near $0.9153. A decisive break above that level would signal strength and suggest buyers are in control.
Cardano (ADA)
Cardano struggled previously as investors questioned the growth and adoption of its ecosystem, particularly the pace at which developers were building decentralized applications on the network.
That narrative shifted in March: the number of active platforms operating within Cardano’s ecosystem increased. The standout was MinSwap, a decentralized exchange whose total value locked (TVL) surged to over $200 million, according to DeFi Llama. Cardano’s overall ecosystem TVL climbed to roughly $338 million.
The growing ecosystem activity and the perception among some investors that Cardano was undervalued helped drive its March performance. That positive momentum is likely to carry into April as the 25-day and 50-day moving averages have formed a bullish crossover.
Ethereum (ETH)
Ethereum also had a productive March, with developers deploying a new network version to the Kiln testnet. The platform received positive attention from central banks in South Africa and Australia as well.
Investor focus on Ethereum will intensify in April as the long-anticipated merge approaches—the combination of two protocol versions that aims to usher in a new era of faster and cheaper transactions. Technical signals support ETH’s upside: the daily chart shows a breakout above a triangle pattern, the 25-day and 50-day EMAs have crossed bullishly, and the price moved past the psychological $3,000 level.
Avalanche (AVAX)
Avalanche enjoyed its own successful March, with prices climbing to levels not seen since February 16. The rally was driven by network expansion: Avalanche’s DeFi ecosystem TVL grew substantially, contributing to the platform becoming one of the top networks by locked value.
This growth is largely attributed to the network’s performance and aggressive developer incentive programs. In March, the Avalanche team announced another $250 million initiative focused on the metaverse sector—its largest fund to date—likely to attract more developers and projects.
AVAX is approaching a key resistance level at $99.01, the February high. A move above this level would likely push the token toward the next psychological target of $100.
Cronos (CRO)
Cronos, formerly Crypto.com Coin, remains one of the fastest-growing cryptocurrencies. Although the CRO token has existed for some time, the network’s mainnet launch in February has helped drive momentum.
DeFi Llama reports that Cronos’ TVL exceeds $3.6 billion, ranking it among the top platforms in DeFi. Major DeFi apps in its ecosystem include VVS Finance, MM Finance and Tectonic. Given this activity, the network is positioned to continue expanding in April.
On the technical side, CRO has moved above the Ichimoku cloud while the 25-day and 50-day EMAs have formed a bullish crossover—both positive signs for further upside.
VeChain (VET)
VeChain was once among the most popular cryptocurrencies globally, but interest waned amid China’s clampdown on digital currencies and uncertainty surrounding the project’s roadmap and ecosystem.
In March, VeChain saw renewed investor interest, partly driven by attention toward previously overlooked projects. The launch of the VEUSD stablecoin and additional developer tools also provided a catalyst. With its earlier prominence and renewed technical support, VeChain appears to be stabilizing and resuming an uptrend. The token has found strong support near $0.042, moved above key moving averages, and is holding around the 23.6% Fibonacci retracement level.
Monero (XMR)
Monero is a leading privacy-focused cryptocurrency with a market capitalization exceeding $3.987 billion. It performed well in March as some investors priced in increased demand related to cybersecurity and potential ransomware activity. While March did not see a major spike in hacks, warnings from the U.S. administration about possible large-scale attacks contributed to heightened interest in privacy coins.
If cyberattacks materialize, demand for privacy-preserving coins like Monero could rise because attackers often prefer more private options than Bitcoin. Additionally, some analysts view XMR as undervalued, which could act as a further catalyst. Technically, Monero has cleared the 38.2% Fibonacci retracement level and moving averages are providing support.
Velas (VLX)
Velas is a Layer-1 project that aims to be a viable alternative to Ethereum. Though relatively small, analysts believe Velas could gain traction in the coming months. VLX posted a positive month in March, aided in part by the start of the new Formula 1 season—Velas is a major sponsor of Ferrari, and the team’s strong performance helped raise the brand’s visibility.
As the season continues, VLX could maintain momentum. The token currently looks undervalued to some observers, and it has moved above its 25-day and 50-day moving averages—signs that support a bullish outlook.
Near Protocol (NEAR)
Near Protocol is a blockchain project gaining market share in the smart contract space. DeFi Llama reports that the network’s TVL recently surpassed $203 million, an all-time high. Notable projects on Near include Ref Finance and Meta Pool.
Near is an attractive pick for April because its ecosystem continues to expand and developers are progressing toward full sharding. Further upgrades are anticipated in April. The token has moved above its moving averages and is approaching a key resistance level at $13.97—clearing this level could spur a larger rally.
Synthetix Network (SNX)
Synthetix Network is an Australian-origin DeFi protocol focused on synthetic assets. The platform allows the creation of synthetic tokens that track the price of other assets. SNX enjoyed positive momentum as investors rotated into formerly popular altcoins. The token has climbed above its 25-day and 50-day moving averages and is approaching a key resistance at $6.08. It has also formed an inverse head-and-shoulders pattern, which could presage further gains.
Overall, March was a strong month for several major cryptocurrencies as technical signals and ecosystem developments aligned. Investors considering positions in these assets should monitor both macroeconomic indicators and project-specific milestones as April unfolds.