Three Altcoins to Watch in March
February has seen significant gains in the cryptocurrency market, with a total capitalization increase of over 21%. As we enter March, there are several altcoins worth keeping an eye on for potential growth and market performance. Here are three altcoins to watch:
Ethereum (ETH)
Ethereum has been a frontrunner in February, experiencing a 35% increase in the past 30 days. In March, Ethereum will undergo an important update called Dencun, focused on scalability through the implementation of “data blobs.” This upgrade aims to improve information availability for layer-two rollups. Experts predict that this upgrade will address scalability and high fee concerns, leading to increased adoption and scalability for Ethereum.
- Upcoming Dencun upgrade
- Positive on-chain metrics indicating a shift toward self-custody
- Potential approval of a spot ETH ETF in the United States
Solana (SOL)
Solana has experienced tremendous growth in recent months, becoming one of the top 5 largest cryptocurrencies by market capitalization. Despite not keeping up with other top gainers like Ethereum and Bitcoin in February, Solana’s on-chain metrics remain positive. As we approach the Bitcoin halving, explosive altcoins like Solana could continue their uptrend.
Ripple (XRP)
Ripple’s native cryptocurrency, XRP, has seen a spike of almost 10% in February. The upcoming trial with the United States Securities and Exchange Commission is set to start on April 23rd and could have an impact on XRP’s price depending on its outcome. Additionally, Ripple’s recent acquisition of Standard Custody & Trusted Company and plans to roll out payment products in the US could act as positive catalysts for XRP.
Hot Take: March Outlook
As we enter March, the cryptocurrency market shows promising signs of continued growth. With Ethereum’s upcoming Dencun upgrade, Solana’s potential for an uptrend, and Ripple’s legal battle and expansion plans, there are several factors that could impact these altcoins’ performance. Stay informed and keep a close eye on these three altcoins for potential opportunities and developments in the market.
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