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.