What awaits cryptocurrencies in April? 3 facts to analyze

Let’s look at 3 facts and, as always, leave the conclusions to our readers.

1. April has historically been one of the strongest months for the crypto market, with bitcoin (BTC) growing by 46% on average. Nevertheless, there are other ecosystems worth paying attention to: Avalanche (AVAX) and Terra (LUNA) are among the most promising investment targets.

According to Kraken, since 2011, the median growth of bitcoin has been 27%, and in average terms, it has been up to 46%. In terms of average price dynamics, April has historically been the second best month for Cryptocurrencies after November, when the average price increase could be almost 50%.

2. The correlation between bitcoin and the stock market peaked in January when volatility increased, but since then it has been on the decline, and this month gold is showing a negative correlation with bitcoin.

3. Among the main ecosystems to watch this month is Avalanche, which has seen a gradual increase in the daily number of transactions and a noticeable migration of users to subnets of the ecosystem.

In addition, Terra is also an interesting ecosystem to watch in April, as it has seen a steady increase in both daily active addresses and the number of daily transactions on the network.

It is worth adding that despite the growth in usage, transaction costs in the network are generally decreasing, which is considered a healthy indicator for investment. Moreover, the Terra/Luna team is constantly purchasing BTC as backup support, and the partnership with the No. 1 cryptocurrency has not made anyone poorer.