The crypto market had an impressive run in February. Bitcoin surged, reaching a peak of over $25,000. The three digital assets we projected for market gains, $ETH, $ADA, and $FIL, rallied, with $FIL particularly posting over 70% gain towards the end of the month.
Now in March 2023, with a sentiment of careful optimism, crypto traders and investors are analysing the landscape, trying to discern which digital assets are worthy of investment.
However, it is challenging for investors and traders to determine which cryptos to focus on due to heightened volatility. With this in mind, we have examined the latest developments connected with some of the most promising crypto assets and arrived at a list of the top 3 cryptos to put your money on as March unfolds.
Check them out below:
Optimism is a layer two blockchain built on the Ethereum network. The network works by using optimistic rollups. These rollups were named as such because they roll up all the transactions and bundle them into a single transaction, to be executed on Layer one. As such, Optimism’s Layer two blockchain inherits all the security features from Ethereum.
The platform has recorded growth amid sustained adoption. Recently, the blockchain native token, $OP, rallied after crypto exchange Coinbase announced the launch of its layer-two network for Ethereum using Optimism-based technology. Under the partnership, Coinbase will join Optimism as a core developer, a factor that is boosting investor confidence in the layer-two blockchain. Based on the recent upward momentum, $OP is a strong contender for a list of cryptos to watch in March.
Also, the first protocol upgrade of the Optimism mainnet will go live on March 15. The so-called Bedrock upgrade will provide simplicity and modularity and positively impact security and performance. Bedrock is a preparatory step for the multichain future of Optimism. The buildup and aftermath of the event are likely to impact the market price of $OP positively. You should add it to your portfolio in March.
Blur is an Ethereum-based NFT marketplace for pro traders. Launched in October 2022, Blur is among the most discussed NFT marketplaces. Since February, it has contributed more royalty revenue to creators than any other marketplace. Also, it has had more trading volume than Opensea in the past month.
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As a fast-growing NFT marketplace with high trading volume, Blur has emerged as a top alternative to well-established platforms like OpenSea. Some investors believe it could even become the “Coinbase of NFTs.”
$Blur, a governance token, was introduced to decentralise and give controlling power to its community. The token is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. As more NFT traders turn to Blur, the platform’s value will continue to grow, and the price of its native token could reflect this growth. You should add it to your portfolio in March.
$Mana is the native token for the Decentraland blockchain. It is also used to pay for goods and services in the Decentraland metaverse.
The community, one of the most notable in the metaverse world, will hold an iconic event this month. Decentraland is hosting its second annual Metaverse Fashion Week (MVFW) between March 28-31, bringing in a slate of global brands to showcase their digital wearables. Set to run in Decentraland’s Luxury District, home of last year’s MVFW, the event will include Dolce & Gabbana, DKNY, and Tommy Hilfiger returning with new collections while Coach and Adidas will join the virtual show for the first time.
The hype and buzz around the show will most likely reflect on the market price of $MANA, and the metaverse token is expected to gain bullish momentum before, during and after the event.
This content is for informational purposes only and should not be construed as investment, tax or legal advice. It is strongly recommended that every recipient seek appropriate independent professional advice before acting on any information contained herein, as Technext provides no endorsement, opinion or advice, including investment, tax or legal, and makes no representation or warranty about the suitability of a product for a particular reader or circumstance.
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