Mid-March turned out to be rich in records for altcoins. The cost of some of them has soared tens and even hundreds of times. Analysts are confident that this trend will continue in the market shortly. Today, there are many assets on crypto exchanges that can compete with more popular digital currencies in terms of investment attractiveness. Their main advantage is great growth potential, and in this respect, they can easily surpass the notorious Alice, Karma, and Harmony.
Recall that the first March champion was the Alice token. In just 1 minute, the coin was able to demonstrate impressive dynamics – it grew by 60,000%. Before listing on the reputable crypto exchange Binance, the asset cost 10 cents, then after adding it to the list, the price rose to $60, where it was able to hold out for only three hours.
The second high-profile case that stirred up the cryptocurrency market in the first month of spring occurred with the Karma token. Its growth in two days was 27,000%. Thus, the price of the coin jumped to $0.03, accelerating the capitalization of the entire project to $58 million. From the point of view of experts, it looked paradoxical, because the daily trading volume of this altcoin was only $410. This fact prompted experts to think about the involvement of the pump and dump scheme, which artificially raises the price of assets with low liquidity.
The increase in the Harmony token was 900% for a month. The value of the coin rose to $0.2 from the previous level of $0.02. Thus, the cost of the entire project specializing in the scalability of the blockchain has also increased. It is currently valued at $1.8 billion and ranks 55th in the global token ranking by market capitalization.
This week, two more altcoins joined the list of digital accelerators. Amazing growth was demonstrated by Theta, which increased its price index by 1,211% in three months, and IOTA, which grew by 573% over the same period. The first of the mentioned tokens overtook Litecoin and Chainlink in the ranking of the most capitalized cryptocurrencies, taking 9th place in the list (the project is worth $13.11 billion). The second asset, according to experts, also has great growth prospects, only because such companies as Microsoft, Samsung, and Volkswagen are now among the project partners.
Analysts give an optimistic forecast to the DeFi project Reef, calling it among the most promising this year. The coin's credibility grows as it interacts with Polkadot. From the well-known blockchain, Reef gets a high throughput and a stable security model, which, of course, should be reflected in the asset price.
According to experts, the actively developing DeFi sector this year will be the most attractive for investors. The largest growth should be demonstrated by native tokens, based on which it is possible to create DeFi projects, and altcoins of decentralized platforms. For this reason, experts recommend looking closely at such coins as Ethereum, Binance Smart Chain, Chainlink, VeChain, Polkadot, Cardano, TRON, Neo, Uniswap, etc. Lesser-known DeFi and NFT projects also deserve attention. As practice shows, such tokens can bring very good profit to a trader if they are listed on popular cryptocurrency exchanges. Another tip from the experts is to keep an eye on the announced project updates. Updates are also capable of well overclocking the price of tokens, so in the near future, you can take note of the platforms that are planning to deploy a new version soon.