finbold.com
While the crypto market bull run has been heating up for many months, March seemingly brought it to a boiling point.
Bitcoin (BTC) has not only crossed its old all-time high of $69,000 but has also set several consecutive new highs, finding itself around $73,000 at press time.
Additionally, Ethereum (ETH) is eyeing $5,000 after many years, and meme coin enthusiasts are again finding ways of turning hundreds into millions.
In the climate of the ongoing rally – and the mounting enthusiasm over the upcoming Bitcoin halving – Finbold decided to take a look at some of the most promising altcoins that any savvy crypto trader might want to bet on.
Cardano (ADA)
Recent months have seen Cardano (ADA) surge significantly in multiple waves in the crypto market, from its jumping-off point near $0.25 in October 2023 to its press time price close to $0.76.
The strong price performance has been accompanied by a surge in development activity and significant growth in the number of smart contracts created on the Plutus v1 and v2 platforms, all signaling that the cryptocurrency is in a good spot to continue its rise.
Crypto experts are also fairly bullish when it comes to ADA, and Ali Martinez, for example, opined on X near the start of March that Cardano is closely mimicking its historic pre-surge performance and that it might, in the coming months, rise as high as $10.
Such a rally would come at the back of an already strong performance. Demonstrating Cardano’s strong late 2023 rally, Cardano is up 127.99% on the 52-week chart, while its YTD growth reflects both the ongoing surge and the early-January crypto market slaughter as ADA is 25.90% in the green.
The most recent performance has, however, been decisively positive, with Cardano being up 37% in the last 30 days and 1.86% in the latest 24 hours with a press time price of $0.76146.
Polkadot (DOT)
Polkadot (DOT) is another altcoin that has both logged a significant crypto market rise since October 2023 and appears poised for an even greater upcoming surge thanks to its many recent developments.
Indeed, DOT has been increasingly coming to life with new parachains going live since the start of the year, Polkadot blockchain setting a new non-fungible token (NFT) mint speed record in February, and a dedicated team working on its first major meme coin – $DED.
Much as is the case with ADA, DOT’s possible upcoming surge would follow an already significant rally, which saw Polkadot rise 90.84% in 52 weeks and surge 30.23% year-to-date (YTD).
Polkadot has been particularly strong in recent weeks and rose 50.50% in the last 30 days and 3.63% to $11.07 in the latest 24 hours as it is now aiming for its next major resistance close to $15.
Chainlink (LINK)
The decentralized blockchain oracle network Chainlink (LINK) is another strong altcoin pick for the ongoing crypto market rally. Its crucial position as a provider of means for blockchain ecosystems to communicate with outside data ensures it remains a key element for many Web3 projects and has, as a token, been doing very well in recent months.
Indeed, not only has Chainlink successfully reached its previously projected target above $20, but it is now poised to surge toward $34 and beyond, with crypto whales increasingly buying the token, having withdrawn more than $16 million worth in just two days between March 6 and 8 from the cryptocurrency exchange Binance alone.
Since the start of 2024, LINK is up 34.96% and its more recent performance, despite significant volatility, hints toward a continued climb.
Indeed, Chainlink is 3.07% in the green in the last 30 days, 5.74% in the last week of trading, and the latest 24 hours saw it rise 1.10% to $20.72.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.