Cryptocurrencies

Top 10 Cryptocurrencies That Can Be Huge Gainers in March 2022

Top 10 Cryptocurrencies That Can Be Huge Gainers in March 2022


by Sayantani Sanyal
March 10, 2022

Cryptocurrencies are among the most popular investment assets for financial investors

During the last years, cryptocurrencies, and in particular Bitcoin have demonstrated their worth, consistently maintaining their top spot for quite a long time. Additionally, investor speculation about the future possibilities of this new technology has fueled most of the current market capitalization, and this is likely to remain the case until some price stability and market acceptance is achieved. reached. Apart from that, where t cryptocurrencycy prices are stated, those who have invested in them seem to be responding to a perceived inherent value of digital coins. This includes the technology and the network itself, the integrity of the cryptographic code, and the decentralized network. With the appearance of new cryptocurrencies almost every other day, the value of the global crypto market is continuously increasing. In this article, we have listed the main cryptocurrencies likely to be profitable investments in March 2022.

Bitcoin

Bitcoin is a decentralized cryptocurrency and is a peer-to-peer online currency. BTC runs on the blockchain, or a ledger recording transactions spread across a network of thousands of computers. Since additions to the distributed ledger are verified through a cryptographic puzzle, Bitcoin uses the proof-of-work algorithm to ensure transaction security.

Ethereum

Ethereum rose to prominence after its introduction of smart contracts. The crypto is a favorite of program developers due to its potential applications, like smart contracts that automatically execute when conditions are met, as well as its NFT capabilities. Ethereum has seen tremendous growth and volatility over the past two months, rising over 27,000% since its inception.

Solana

Solana is a highly functional open-source project that leverages the permissionless nature of blockchain technology to deliver DeFi solutions. The Solana protocol is designed to facilitate the creation of decentralized applications. It aims to improve scalability by introducing proof-of-history consensus, as well as the underlying blockchain proof-of-stake consensus. Moreover, due to its innovative hybrid consensus model, Solana is attracting interest from both small traders and institutional traders.

Phantom

Fantom is a directed acyclic graph smart contract platform providing decentralized financial services to developers using its own bespoke consensus algorithm. It is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom’s affordable valuation and impressive technicals could set it up for long-term growth.

Polygon

Experts consider Polygon a solid investment because it is a framework for a blockchain network and is compatible with the Ethereum virtual machine. Polygon has become a prominent feature of several DeFi protocols and other platforms it adopts daily. Users must link their Ethereum assets on the Polygon network. In return, they get access to speed, affordability and other facilities.

Litecoin

Litecoin cryptocurrency was designed to provide fast, secure and low-cost payments by taking advantage of the unique properties of blockchain technology. LTC was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction time, and a few other factors. Litecoin has extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.

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Cardano is a blockchain proof-of-stake platform and open-source project that aims to redistribute power from unaccountable structures to marginalized individuals, helping to create a more secure, transparent, and equitable society. ADA also presents itself as a powerful and enthusiastic community, and the developers behind it also have a huge following on Twitter!

The sandbox

The Sandbox represents a solid investment in March 2022 as it has applied blockchain technology to a massive global market such as the gaming industry and is all about decentralization.

Decentralized

Decentraland defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience and monetize contempt and applications. In this virtual world, users buy plots of land on which they can then browse, build and monetize.

Axie Infinity

Axie Infinity is a blockchain-based trading and fighting game that is partially owned and operated by its players. Axie Infinity allows players to collect, breed, fight battles, and trade token-based creatures called Axies. Each Axie is a non-fungible token with different attributes and strengths. The Axie ecosystem has its own unique governance token, known as Axie Infinity Shards (AXS).

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