Like every month, we release interesting cryptocurrency projects that are under the radar. Many traders and investors often look around to search for those Altcoin gems, that have a huge untapped potential. It is not enough to find a cheap coin and go all in. There are many factors that come into play when choosing a project to invest in, like project goal, practicality, clear timeline, founders, and many other study points. We at CryptoTicker do this job on your behalf, so you just get to the buying. 😉 So without further ado, here’s our extensive list of the Top 3 Altcoins to Buy in March 2022.
3- Cardano (ADA)
Cardano is a delegated Proof of Stake blockchain (dPoS), that supports smart contracts similar to Ethereum. The marketing of this project propagates a scientific approach. The development under Charles Hoskinson is rather slow, with multiple deadlines already pushed forward. With the launch of the staking-mainnet in mid-2020 and the Alonzo update, Cardano was finally able to accomplish an important milestone.
In the last few weeks, we have often spoken about the new developments at Cardano. In January, Cardano addresses exploded on the network. Furthermore, the Basho update is in progress, which is the new development stage of the network and should increase the scalability of Cardano. Like the other smart contract platforms, Cardano also suffered high losses in the last few weeks of the major market correction. Given the massive potential of Cardano, the token ADA is probably one of the cryptocurrencies that are extremely undervalued at the moment and have the chance for big profits in March.
2- Terra (LUNA)
Terra is currently one of the hottest projects in the market, which is why many investors are interested in investing in it. Founded by Do Kwon and Daniel Shin, this project has existed for over 3 years. Terra is essential a project that leverages decentralized finance (DeFi) technology to create a platform for rendering financial services.
The protocol creates stablecoins, usually pegged to currencies or other cryptocurrencies. For instance, many ecosystems create stablecoins pegged to the dollar to assure asset stability. This makes it easy for users to access financial services, such as saving, lending, or borrowing money. Previously, it was only the traditional financial system that encompassed financial services. However, things have changed, helping crypto and digital asset enthusiasts to enjoy decentralized services.
Most recently, the Luna Foundation Guard (LFG) funded a sum of $1 billion to further develop the integration of the stablecoin TerraUSD (UST) into the Terra ecosystem. UST is the fourth largest stablecoin after Tether (USDT), USD Coin (USDC), and Binance USD (BUSD). With the integration of the UST, Terra’s LUNA token will continue to strengthen. The positive price development could continue in March.
1- Avalanche (AVAX)
Avalanche entered the crypto sector as a haven that houses smart contracts as far back as 2020. After its creation, it allowed developers to create decentralized applications and custom blockchains, among other things. Its developers, Ava Labs, created the smart contract platform to use a proof of stake protocol. In the last few years, the platform has provided a massive rival to Ethereum. A big advantage is the enormous speed of the blockchain, which can process up to 4,500 transactions per second.
Avalanche has enormous growth potential, especially in the area of NFTs. It is now possible for Pinatacloud developers to publish NFT collections on Avalanche. In addition, the DeFi area at Avalanche is also growing strongly. The price of the AVAX token could rise massively again in March.
Conclusion
Looking for those undervalued projects that are about to boom is always a good plan. Many projects solve vital real-life problems, and those are the ones worth investing in, especially if their tokens adjusted heavily recently. This list of the Top 3 Altcoins to buy in March 2022 is a simple pick from the recent falls, but there are definitely many other projects that can increase in valuation. Invest responsibly, and always do your own research.
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Rudy Fares