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The crypto market is off to a shaky start this year. Cryptocurrencies are also trading in the red as a result of the Russian-Ukraine military crisis. However, much of the fascination with these unregulated currencies stems from the desire to trade for profit, with speculators sending prices high at times. For many young investors, cryptocurrency has proven to be the best asset to invest in. There are numerous use cases where cryptocurrencies are frequently used, ranging from commercial giants to startups. Cryptocurrencies with high investment rates, trading volumes, and liquidity are typically picked for long-term investment. March is likely to be another tough month for the cryptocurrency industry, especially if authorities continue to press for more crypto regulation. This has been on the cards for a while, but it might come sooner if states suspect Russia of exploiting crypto to avoid sanctions. Apart from this, Ukraine has also been getting huge donations in terms of Bitcoin. As a result, now is a smart moment to stick to more well-known cryptocurrencies like Bitcoin and Ethereum. And if the largest cryptocurrency is picking up the bull run, then Altcoins is most likely to follow suit as it has always done. Altcoins that perform in line with foreseeable trends in the crypto sector, such as the metaverse, decentralized finance (DeFi), and decentralized applications, are expected to dominate in 2022. (dApps). Today's market is flooded with novel applications and products, some of which are vastly different from one another. It's impossible to keep up with everything that's happening in the cryptocurrency world now that there are so many of them.
Top 10 Altcoins For March
Not only for Bitcoin but also Altcoins, 2021 was an important year. Investors are interested in Altcoins such as Ether, Solana, and Cardano, among others, for a variety of reasons, including faster transactions, lower costs, and a lower environmental impact. Therefore, even with all the tension going around in the crypto market, it is still a good time to make your investments. These are the top 10 Altcoins for this month, to help you gain your bearings.
Terra (LUNA)
The coin is trading at $92.18, with a global market cap of $34 billion. Terra is a stablecoin blockchain payment network that works by keeping two types of cryptocurrencies in balance. Luna and Terra's stablecoins collaborate based on supply and demand: When the price of a stablecoin rises above the value of its associated currency, users are encouraged to burn their Luna to create more Terra stablecoins. When the value of the Luna stablecoin falls about the base currency, users are encouraged to burn their Terra stablecoins to produce more Luna. Luna's value rises as the Terra platforms become more popular. Luna's price has increased nearly 14,200% from $0.64 on January 3, 2021, to $92 at the start of March 2022. According to a data source, a price increase in Terra's LUNA token over the past week has made it the second-largest staked asset among all major cryptocurrencies in terms of total value staked. LUNA has surpassed ether, which has a staked value of slightly more than $28 billion at the time of writing. According to Staking Rewards data, over $30 billion in LUNA is now staked directly on various platforms, accounting for the majority of the token's $34 billion market capitalization. Annual yields for participants exceed 6.98%. According to the data, 41% of all eligible tokens are staked. Protocol for transferring data between chains Orion.money is the largest staking application that supports LUNA, with over $2 billion in staked LUNA. Its 43,000 stakers generate yields of approximately 7%.
SuperFarm (SUPER)
The coin is trading at $0.69, with a market cap of $280 million. SuperFarm is a cross-chain decentralized finance (DeFi) platform for launching new non-fungible tokens (NFTs) without the need for programming. Furthermore, it contributes to the utility of any token. It can, for example, convert a token into a non-fungible token (NFT) farm without the need for any scripting or programming. Additionally, while establishing a new farm, its visual features assist users in designing rules and fine-tuning incentives.
SUPER coin is the SuperFarm platform's utility currency, which is mostly used for governing, paying fees, staking, and NFT drop functions. The farms reward liquidity providers while encouraging long-term investments or providing access to a project's services through an NFT with utilities. The price of the SUPER token has risen dramatically in recent months. In the last three months, it has risen by more than 51%. Despite the risks associated with this early-stage initiative, the market outlook and prognosis remain positive. SUPER is expected to hit $6 in the next five years, according to Price Prediction and Tech News-Leader. According to Price Prediction, it could reach an average of $31.50 by 2030. By 2030, Tech News Leader predicts a figure of $29.69. SUPER cryptocurrency is expected to rise at a faster rate in 2022, according to experts. The placement on crypto.com has undoubtedly aided the token's rise in value.
Ultra (UOS)
The token is trading at $1.37, with a global market cap of $338 million. Ultra, which debuted in July 2019, is the first entertainment platform to bring together a variety of gaming services under one roof. Users may find, buy, and play games, as well as watch, live streams and communicate with influencers. Users can create an account and access their ecosystem via Ultra's downloaded wallet-only client. Users can create a username and will soon be able to search the marketplace for the greatest AAA, AA, and independent titles, as well as trade/, resell products and NFTs.
The InvestorsObserver Sentiment Score has given Ultra a Very Bullish rating for the last five days. The Sentiment Score evaluates Ultra's performance in terms of volume and price movement over the previous five days. The Sentiment Score is a short-term snapshot of a cryptocurrency's recent performance. This can help both short-term investors who want to ride a rally and long-term investors who want to purchase the downturn. Ultra is one of the most popular metaverse blockchain games, with the unusual characteristic of transaction settlement that is both free and practically immediate. Another alternative is to stake with a $UOS token, which will allow you to receive ultra-rare NFTs as a reward. Ultra's most enticing feature is its adaptability, which allows it to be utilized for gaming as well as trading on NFT marketplaces.
Vulcan Forged (PYR)
The token is trading at $10.45, with a global market cap of $250 million. Vulcan Forged PYR is one of the most successful NFT marketplaces in crypto, having launched in April 2021. In addition to their well-known NFT marketplace, their platform includes a dApp incubator with hundreds of games. Vulcan Forged PYR is a community-driven project that serves as a one-stop blockchain game ecosystem. PYR is the platform's native ERC-20 token, and it serves as the ecosystem's native currency.
It has strong long-term potential as one of the fastest-growing projects with one of the most vibrant communities. Vulcan Forged is a must-watch in March 2022 because it has one of the most active ecosystems, with more dApps than other Metaverse crypto coins. PYR's recent price movement compared to the trading volume provides traders cause to be confident in the token's manipulability right now, resulting in a low-risk ranking.
Gala (GALA)
The token is trading at $0.241, with a global market cap of $1 billion. GALA is one of the top 50 most valuable crypto assets, having a market capitalization of more than $2.5 billion. The latest rise has resulted in a significant profit-booking in the token, with volume plummeting by nearly 40% to $1.13 billion, this February. According to market observers, the price increase in GALA is not a fluke and is supported by fundamental causes such as Snoop Dogg's involvement, NFTs, and the rise of the play-to-earn theme. The Gala Games ecosystem is powered by GALA crypto (GALA), an Ethereum (ETH) token. Players can, however, gain awards in GALA that they can spend to purchase items in the game.
The corporation said on its blog last month that it is nearing the completion of its blockchain. The GALA platform is now powered by Ethereum, which is still plagued by network congestion and high transaction costs. Users will have fewer hassles if they migrate to GALA's network, GalaChain, according to the GALA post. The growth of GALA crypto is enormous, with NFTs finding traction in the mainstream among Wall Street and celebrities. The gaming NFTs can be utilized in-game to improve abilities and reward potential, encouraging more use. Furthermore, NFTs in the music, film, and theme park industries will assist the community in reaching new consumers. Despite this, the company has relationships with high-profile figures such as Snoop Dogg and Steve Aoki. Therefore, with so much on the plate GALA is expected to have some good bullish movements this year. The GALA crypto might return to $0.7 by the end of the first half of 2022 if its games and digital assets find investors. By the end of the year, the price could reach $1, but Gala Games will most likely need to attract new customers to keep the GALA token in demand.
Fantom (FTM)
The coin is trading at $1.81, with a global market cap of $4 billion. The Fantom system creates its digital coin, known as FTM. The goal is to provide a native means of exchange for users of these faster blockchain networks. Furthermore, in the Fantom system, each blockchain can have its tokens and rules for how they are generated and sold. Fantom is both a danger and an opportunity as an investment. It has the potential to be a leading next-generation blockchain system, with the potential to outperform Bitcoin and Ethereum in terms of value and utility. However, there is competition in the sector, as cryptography is a constantly evolving science.
In recent days, Fantom has also experienced rapid growth. Fantom's TVL is now worth $11.65 billion, up from $7.25 billion on February 22. Solidly, a new DEX from Yearn Finance founder Andre Cronje, and Solidex, a yield optimizer developed on top of Solidly, are responsible for the majority of Fantom's comeback. In the last seven days, the two protocols have increased by 500% and 718%, respectively, adding about $4 billion to Fantom's TVL. Amid the tremendous increase, Fantom's FTM token has jumped 20.7%. Despite the increase, FTM is still down 45.5% from its all-time high in October. Despite this, FTM has huge potential. Fantom also has a few features that distinguish it from other blockchains, both in terms of performance and what it can do. Fantom, on the other hand, is currently the 31st most popular cryptocurrency in terms of market capitalization.
Cosmos (ATOM)
The token is trading at $33.54, with a global market cap of $9 billion. Cosmos is an open-source blockchain that aims to improve interoperability and scalability in comparison to other blockchains while maintaining decentralization. The protocol prioritizes interoperability and seeks to fairly compensate the validators and delegators in charge of managing the ecosystem. Over the first day of this March, this token has appreciated by about 30%. It has increased by 5.8% that day. This strong growth has been fueled by two main reasons that investors are keeping an eye on.
First, FTX, a cryptocurrency exchange, announced that Cosmos' ATOM token would be listed on a spot market basis. Second, Cosmos' recent agreements appear to have piqued the interest of investors. The Astar/Shiden Network, a previously revealed bridge between Cosmos' blockchains and Polkadot, recently accomplished a crucial milestone. Investors tend to be bullish on this catalyst, as it represents yet another catalyst for the expansion of Cosmos' ecosystem. Traders wanting to profit from this trend typically take a bullish position on those tokens, which has been one of the driving forces behind Cosmos' spectacular rise in recent days. In addition to this near-term trigger, investors may be more interested in Cosmos' longer-term interoperability efforts. Those with a longer view of the crypto-focused future may appreciate Cosmos' focus on scalability and interoperability, which are two crucial features that many blockchains lack. As Cosmos' ecosystem grows, so does the potential for token price performance, as investors rush to enterprises with unrestricted growth potential. Therefore, look out for this token this March.
Polkadot (DOT)
The token is trading at $17.36, with a global market cap of more than $17 billion. With a market worth of just around that, the platform and native token are in the top-12. Polkadot is notable for its 'interoperability' feature, which brings together many blockchains into a single network, allowing them to share data without jeopardizing their security. The future of Web 3 depends on interoperability. The spot market price of DOT tokens has surged by more than 500% since its initial public offering in the summer of 2020. Polkadot wasn't a great investment, but it did give a fair return in less than two years. Consider today's DOT price to be a 68 percent discount from the November all-time highs if you don't want to look back at those big all-time gains.
Polkadot stated in a press statement that the bounty proposal, dubbed the Polkadot Pioneers Prize, is a set of challenges deliberately designed to encourage technical innovation on its network. The first two challenges, zero-knowledge research and development, and the Polkadot infrastructure will be presented later this year. So far, the blockchain project has distributed about $21 million in DOT, its native money. The money will be divided amongst the first two challenge categories and the ones after that. Meanwhile, Polkadot has been declared the blockchain network with the lowest annual electricity use and total carbon emissions by the Crypto Carbon Rankings Institute (CCRI). The CCRI looked at six blockchain networks that use the PoS consensus method to see how much electricity they require and how much carbon they emit. Solana, Polkadot, Tezos, Avalanche, Cardano, and Algorand were among the blockchains examined. So, the token is expected to keep up with its pace and reputation very soon.
Cardano (ADA)
The coin is trading at $0.814, with a global market cap of $27 billion. It has been a tough past month for ADA. However, given the history of the coin, the price is expected to take on a bullish run soon. Therefore, ADA is important for March. ADA's price had found good support at $0.84 and had been able to keep it for several days, although being unable to climb higher. This consolidation is expected to come to an end with a major shift sooner or later. Cardano has already acquired $134.86 million in total value, locked despite only having 6 DeFi protocols on the network. Developers are increasingly choosing decentralized exchanges as their preferred protocol. This is because many users are switching to DEXs to bypass the regulations and fees imposed by centralized exchanges like Binance and Coinbase. Four of Cardano's six protocols are decentralized exchanges, which is interesting. SundaeSwap is the band's most valuable member, with $120.4 million in TVL.
Apart from this, Cardano’s DEX AdaSwap looks quite promising. In a press release, AdaSwap revealed its most recent fundraising round. iAngels, Shima Capital, Pluto Digital, GBV, Stardust, Efficient Frontier, Finova, Banter Capital, and Coti were among the investment firms and angel investors who led the round. Gal Gadot, an actress and producer, and her husband, Jaron Varsano, are among the investors. For more than a year, AdaSwap has been on a growth spree. The protocol has gone through seed rounds, stablecoin collaborations, and more since the first quarter of 2021. Before March, the company plans to release the ASW token on exchanges, implement a staking protocol, and open the ADANFT marketplace. The AMM (Automated Market Maker) interface for AdaSwap DEX, Stake & Forget protocols is also planned for the DEX platform. By March 2023, the project also intends to build Cardano bridges with Ethereum, BSC, and Casper tokens. Cardano is still new to the DeFi game and needs to establish several DeFi protocols in addition to DEXs. Once that occurs, there is a chance that it will prove to be a viable competitor to other chains.
Astroport (ASTRO)
The coin is trading around $1.40, with a market cap of $157 million. Astroport brings together the best parts of six years of development on the Ethereum blockchain and brings them to Terra. Astroport is a neutral marketplace that hovers above the Terra biosphere, where anyone from anywhere in the galaxy can dock to exchange their commodities. Astroport's marketplace is a public good governed by its community of token holders. It is decentralized, permissionless, and open-source. Astroport will allow customers to choose between several pool types within a single AMM system while utilizing Terra's asset types' compatibility. $1.2 billion in liquidity was successfully moved from Terra's DEX Terraswap to Astroport's smart contracts, setting the way for the swap and pooling capabilities debut.
Astroport, like many other DeFi systems, has its governance token–ASTRO. Holders who opt to stake their governance tokens in the ASTRO pool will gain voting power over issues affecting the protocol's communities. This power can be magnified if holders choose to lock their ASTRO tokens for up to two years, gaining access to a greater share of trading fees as well as increased liquidity mining rewards. ASTRO will be emitted at a predefined rate from the Astral Assembly–a version of Astroport of a DAO and given to LPs via liquidity mining. One of Astroport's most appealing features is that it supports several pool types, allowing the AMM to handle a wide range of token markets. Those staking ASTRO in the protocol, aka Astral Assembly members, will select the number of ASTRO tokens and the pools to which they flow.
Conclusion
Some of these Altcoins have significant technical differences from Bitcoin, while others have merely become well-known digital currency brands and social media trends every day. Cryptocurrency investing is still highly speculative, but it may be beneficial for those willing to risk painful losses in the hopes of large profits.