What altcoins to buy in March. Analyst named 5 promising tokens

 

What altcoins to buy in March. Analyst named 5 promising tokens

Aaron Arnold named cryptocurrencies that, in his opinion, can realize the growth potential in the near future

Cryptanalyst Aaron Arnold named five altcoins that, in his opinion, are able to show significant growth in March. According to the expert, Next month Ethereum, Cosmos (ATOM), Solana (SOL), Splinterlands (SPS) and Avalanche (AVAX) may rise in price.

Ethereum

According to Arnold, Ethereum remains one of the most popular cryptocurrencies, as indicated by the number of new projects that appear daily on the altcoin network. The analyst noted that Ethereum creates not only new digital currencies, but also NFT tokens, blockchain games and other promising projects. Aronld also recalled that in February the number of DeFi addresses in the Ethereum network exceeded 4.4 million.

On February 28, Ethereum is trading at $ 2.6 thousand, and the capitalization of the cryptocurrency is $ 315 billion, according to CoinGecko. During the day, the altcoin fell by 5%. In November 2021, the asset updated the historical maximum above $ 4.8. Since then, its value has fallen by 46%.

Ethereum is the largest platform for creating smart contracts and decentralized applications (dApps) at the moment. It was created by Vitalik Buterin in 2015.

Cosmos

The Cosmos project is actively expanding and attracting new users, arnold says. He also cited the opinion of the founder of the ShapeShift service Erik Voorhees, who positively assessed the prospects of Cosmos and called this project unique.

On February 28, Cosmos is trading at $ 27.8, and its capitalization is $ 8 billion. In mid-January, the cryptocurrency updated the historical maximum above $ 44. Since then, its price has decreased by 38%.

Cosmos (ATOM) is a decentralized network of independent parallel blockchains that work on the basis of Byzantine fault tolerance (BFT) algorithms. These blockchains are able to communicate with each other through the Cosmos network, called the "Blockchain Internet."

Solana

The analyst recalled the NFT marketplace Neon, which recently launched the first vending machine for the sale of non-fungible tokens in New York. Neon's trading platform runs on the Solana blockchain, Arnold noted. In his opinion, this indicates the active development of the Solana ecosystem.

On February 28, Solana is trading at $ 90.3, and the capitalization of the altcoin is $ 28.9 billion In November 2021, the cryptocurrency updated the historical maximum above $ 259. Since then, its value has fallen by 65%.

Solana is considered an emerging competitor to Ethereum. Vitalik Buterin's cryptocurrency is the leader among blockchains with smart contracts, but often its network is overloaded, which leads to increased commissions for transfers. At the same time, Solana offers faster and cheaper transactions.

Splinterlands

Recently, the Splinterlands project entered into a partnership with the media giant Warner Music Group (WMG), within the framework of which new game projects on the blockchain will be developed, Arnold recalled. According to him, warner Music Group's choice of the Splinterlands platform to develop its own projects on the blockchain indicates the high potential of this platform.

On February 28, the Splinterlands token is traded at $ 0.13, and its capitalization is $ 47.2 million. In July 2021, the cryptocurrency updated the historical maximum above $ 1. Since then, its value has decreased by 87%.

Splinterlands is a blockchain-based card game in which game cards are presented in the form of NFT tokens.

Avalanche

Last week, institutional investors invested more than $ 25 million in the Avalanche project, the analyst noted. In his opinion, this indicates that large investors expect growth from the platform and its altcoin.

On February 28, Avalanche is traded at $ 75.5, and its capitalization is $ 18.5 billion. In November 2021, the cryptocurrency updated the historical maximum above $ 144. Since then, its price has fallen by 48%.

Avalanche is an open source platform for running decentralized applications (dApps) and deploying enterprise blockchains.


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