"Investors have to be careful because usually when the time comes the movement is different."
Following Bitcoin (BTC) price performance seeing a strengthening this year, the total crypto market capitalization excluding the digital asset has made less encouraging movements but is expected to increase by 17.94% in April 2023.
It is already known that Binance Coin (BNB) is under selling pressure when crypto exchange company Binance and Changpeng Zhao (CZ) are subject to a lawsuit by the Commodity Futures Trading Commission (CFTC) of the United States (US).
Even so, some analysts predict that the price of BNB which is currently at $314 has the potential to break above $420 and record a gain of 33.75% in April 2023.
Through observation, BNB is more likely to shrink when the daily active address increases while the price of the digital asset usually rises when the daily active address decreases.
Moreover, the second largest memecoin Shiba Inu (SHIB) is able to make a bullish move in the near future even though its price is now found to have plunged around 2.90% at $0.000011 in the last 24 hours.
This is because SHIB has recently made every effort to develop the memecoin ecosystem, where its team will launch Shibarium.
The last time SHIB climbed high was on January 9, 2023 following a 73% rise to reach $0.000151 from $0.000091 in less than a month.
If such a situation repeats itself, then the price of SHIB is likely to soar to $0.000017 as early as this month.
