The altcoins market is about to rally hard! The whale action, the on-chain data, everything tells us that altcoins are up another leg. But which ones will rally the most in next coming weeks, in this article we will focus only on those coins.
This is the first part of the article. In the second part there is one surprise coin for you that went up 185% in March and still has a massive upside. Lets get discover these altcoins!
Coin #1: ImmutableX (IMX)
ImmutableX is my first pick for April. It’s an old friend and fave of mine. At Altcoin Buzz, we talk a lot about this token. The last time was only 2 weeks ago. That’s when ImmutableX teamed up with Polygon. They announced the IMX zkEVM.
Introducing Immutable zkEVM, a new EVM-compatible zk-rollup powered by Polygon's state-of-the-art technology with Immutable's full platform support.
Alongside Immutable zkEVM & Immutable X, it is clear that Immutable is the one stop shop for game builders. pic.twitter.com/MKrKD1Ho4L
— Immutable – $IMX (@Immutable) March 24, 2023
As you know by now. ImmutableX is big in blockchain gaming. The Polygon partnership was big news. Combined, both projects invested almost $2 billion in Web3 games. So, ImmutableX is the leading web3 game development platform. On the other hand, Polygon is the current leading protocol for web3 gaming. This must lead to some big news.
As a result, IMX is about to see the biggest token utility upgrade on zkEVM. Two of these updates are already in place. On the 19th April, we will see a new update. This is an upgrade to the IMX tokenomics.
Another new feature that’s coming up is their Passport. It allows for onboarding through password less sign-on. It also has an automated wallet creation. That sounds exciting.
The current IMX price is $1.03. Its market cap is $0.94 billion. Out of the 2 billion max tokens, 52% are still locked. On 22nd April, we will see another unlock of 0.9%. Are you a gamer? Did you ever play one of the Immutable games, like Illuvium or Gods Unchained? And we move on to token #2, DYDX.
Coin #2: dYdX (DYDX)
dYdX is the leading perpetual contracts DEX on Ethereum. And here’s also the biggest news on dYdX. The platform is moving away from Ethereum. Just like SushiSwap, it’s moving to Cosmos. dYdX is not happy with the transaction speeds on Ethereum. The team also looked into Solana and other options. However, they settled with Cosmos.
We’re excited to announce that dYdX V4 will be developed as a standalone Cosmos-based blockchain! 🔗🎉https://t.co/zQzZMIpzWO
— dYdX (@dYdX) June 22, 2022
Currently, they announced the final testnet. This V4 private testnet launched on 28th March. It’s supposed to last only for 2–3 weeks. The final testnet will be the public testnet. This will launch towards the end of July. The mainnet is currently scheduled for September.
According to DeFiLlama, dYdX has a TVL of $344.4 million. This makes them currently 6 the 17th project on Ethereum in TVL size. Now, back to Cosmos, this gives the platform a great opportunity to connect with all the IBC chains.
The current DYDX price is $2.43 with a market cap of $379 million. The max and total supply is 1 billion tokens. Only 155.6 million already circulate. That’s something to keep an eye out on. 78% is still locked, next unlock is on 11th April.
Are you excited about this move to Cosmos? In the meantime, I have token #3 for you, Injective. And hang on to hear about my special surprise token for April in the second part of this article.
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