thenewscrypto.com
- The global crypto market cap regained the $1.1 trillion mark.
- Polygon’s layer-2 scaling solution zkEVM mainnet will be launched on March 27.
After the prolonged bear market, the year 2023 starts with a bull run in the cryptocurrency industry. Also, the Silicon Valley Bank’s failure, which led the stock markets to face heightened volatility, brought more attention to the digital market. And the global crypto market cap regained its $1.1 trillion cap.
The market leaders Bitcoin and Ethereum has notable price gains since the 10th of March when the New York regulators shut down Silicon Valley. After the U.S. bank collapsed BTC and ETH prices surged almost 10%. Also, other significant altcoins buzzed the market with new updates and launches.
Let’s take look at the top altcoins and new cryptocurrencies that could explode more attention in march 2023.
Shiba Inu (SHIB)
As everyone is aware, Shiba Inu’s new layer-2 blockchain, “Shibarium,” in its first beta, “Puppynet,” has widespread skepticism in the crypto industry. In addition, the second largest memecoin, which was created as a joke, is now turning to new developments with large use cases. SHIB community named itself ‘Dogecoin Killer’ and may the SHIB Army’s beliefs come true due to the March 12 launch.
However, SHIB has gained over 3% after a notable dip. At the time of writing, Shiba Inu traded at $0.00001135 with a 24-hour trading volume of $509 million and a market cap of $6 billion. Shiba Inu has deleted 6 zeros since September 2020.
Polygon (MATC)
Polygon, one of the noteworthy projects on Ethereum and is getting ready to premiere its layer-2 scaling solution, “zkEVM” zero-knowledge technology, mainnet on March 27. According to Polygon, zkEVM is significantly equivalent to Ethereum’s Virtual Machine (EVM). That would support the same code as Ethereum. The development brings users low costs, a 90% fee reduction, and faster and safe transaction.
According to CoinMarketCap, Polygon (MATIC) traded at $1.21 with a 24-hours trading volume of $980 million and holds a market cap of $10 billion. MATIC price soared about 3% in a day and 5.5% in a week. Further, may the upcoming zkEVM mainnet would add benefits to Polygon.
SingularityNET (AGIX)
The hype over Artificial Intelligence (AI) and chatbots grab everyone’s attention. Also, AI-based crypto token has started circulating in the industry. SingularityNET (AGIX), developed by AI known as the Sophia team gaining crypto investors’ attention.
Elon Musk’s interaction, which used to trigger Dogecoin, now begins to jump into Al. He announced that he has a plan for a new AI chatbot and hired a team to develop it, there is a rumor spreading around social media that the team behind Musk’s AI might be SingularityNET. Also, Today the Twitter CEO shared a poster that featured Singularity in the image.
However, at the time of writing, SingularityNET (AGIX) traded at $0.5492, surged over 42% in the last 24 hours, and has a trading volume of $683 million, which increased about 170%. Also, AGIX’s price rose 32.5% in a week and holds a market cap of $663 million.
CryptoGPT (GPT)
CryptoGPT (GPT) is also one of the crypto tokens that is based on AI and layer-2 zero-knowledge (ZK) blockchain. CryptoGPT debuted its GPT token on March 10 and described itself as a cryptographic ecosystem. Still, the token gaining significant attention in the industry and buzzing social media.
At the time of writing, CryptoGPT (GPT) traded at $0.09028 with a 24-hour trading volume of 445 million, which jumps over 51%. Also, the GPT price climbed around 25% in a day and has a market cap of 426 million.