Currently, there are thousands of cryptocurrencies available in the market, which has put many crypto investors in a dilemma. In general, cryptocurrencies with smaller market capitalization are more volatile than large and more established digital tokens like Bitcoin and Ethereum. With Russia-Ukraine War and China banning crypto, top cryptocurrencies including Bitcoin are in bearish mode. Therefore, many crypto investors are relying on the top most promising cryptocurrencies in order to gain higher returns. This article features the top 10 promising cryptocurrencies that you can buy in March 2022.
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Bitcoin is one of the most popular cryptocurrencies. It is the first successful blockchain-based currency to hit the market in 2009. Crypto investors have been trying to figure out the next Bitcoin or best cryptocurrency to get their hands on. Although many altcoins have emerged recently, the dominance of BTC still remains. Also, many crypto investors prefer Bitcoin over other cryptocurrencies.
Ethereum was the first major project to introduce smart contracts. These smart contracts allow developers to launch mobile and desktop decentralized applications (dApps) on top of the blockchain. Thousands of tokens run on the Ethereum network, and it is these tokens that spurred the initial coin offering (ICO) movement. It is one of the most promising cryptocurrencies, you should consider buying in March 2022.
Solana is also one of the most promising cryptocurrencies you can buy in March 2022. Similar to Ethereum, its underlying blockchain network acts as a medium for developers to build and host DApps. However, it is still experiencing teething problems that have led to a number of outages. Nevertheless, its technology is gathering plentiful support.
Cardano (ADA) uses a technology called Ouroboros, a peer-reviewed blockchain protocol. It describes itself as a more secure and scalable way to maintain decentralization. It is one of the best cryptocurrencies to invest in now, which offers a multi-asset ledger and verifiable smart contracts. Apart from being the hottest cryptocurrency in the market, it is also a technological platform that helps run financial applications. It is one of the most promising cryptocurrencies to buy in March 2022.
Dogecoin (DOGE) was originally created as a meme or parody cryptocurrency. Although Dogecoin was launched in 2013, its price skyrocketed only in 2021. Shiba Inu meme that went viral over the internet back at the time is the inspiration behind Dogecoin. Tesla CEO Elon Musk has weighed in on Dogecoin, which helped drive its surge in value and popularity before it fell back dramatically in the second half of the year. Now many crypto investors are betting on this cryptocurrency.
Polygon is one of the top cryptocurrencies for building and connecting Ethereum-compatible blockchain networks. It provides scalable solutions on Ethereum, supporting a multi-chain Ethereum ecosystem. Many crypto investors believe that Polygon has great potential and will give higher returns in the future.
Stellar's native cryptocurrency is the Lumen (XLM). Stellar is designed as an "open network for storing and moving money" that allows people to create, send, and trade digital money. It is actually designed to sell and trade all digital monies, not just Stellar's own associated cryptocurrency, the Lumen — although you'll need to own some Lumen to make transactions. It is one of the most promising cryptocurrencies to buy in March 2022.
It can communicate with several other blockchains and has shown incredible growth potential. Crypto investors can consider buying Terra only if they are willing to risk their money and not just follow the hype. Like any other cryptocurrency, Terra has several risk factors and therefore is one of the most promising cryptocurrencies to buy in March 2022.
Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services. The Binance coin is expected to boost the operation of the Binance exchange and its ecosystem. It supports multiple utilities such as trading fees, exchanges fees, listing fees, and any other fees on the Binance exchange.
After gaining popularity in 2021, Shiba Inu held the ground in 2022 as well. Last year, it briefly overtook Dogecoin, the native memecoin, and also entered the top 10 list. Crypto investors are keeping high hopes with Shiba Inu which makes it one of the most promising cryptocurrencies of March 2022.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.