The cryptocurrency market is still in its infancy and there is a lot of room for growth.
If you are new to the crypto world and want to invest, it is important that you do your research on which cryptocurrencies have a long-term vision and which ones are just sitting on top of the market for one reason or the other.
If you are looking for some investment ideas in the market, go through our list below.
What are the best cryptocurrencies you can buy in March 2022? Today, we will be discussing the top 8 promising cryptocurrencies that you can invest in March.
List of Top 8 Promising Cryptocurrencies to invest of March 2022
One of the most widely used cryptocurrencies is Bitcoin. It was the first blockchain-based money to gain traction in 2009. Cryptocurrency investors have been attempting to find out which cryptocurrency is the next Bitcoin or the best cryptocurrency to invest in.
Despite the recent emergence of a slew of new cryptocurrencies, BTC continues to reign supreme. Many cryptocurrency investors also prefer Bitcoin to other cryptocurrencies.
The value of Bitcoin has increased significantly over the years and peaked at a high of $19,783 in December 2017. However, on January 16th 2018, its price dropped by 14% to $14,675. The total market capitalization of all cryptocurrencies reached the milestone of $455 billion on February 7th 2018.
Also Read: 6 Best Apps to buy cryptocurrencies
Smart contracts were initially introduced by Ethereum, which was the first major project to do so. Developers may use these smart contracts to build mobile and desktop decentralised apps (dApps) that run on top of the blockchain. The Ethereum network is home to thousands of tokens, and it is these tokens that sparked the initial coin offering (ICO) frenzy.
In March 2022, it is one of the most promising cryptocurrencies, and you should consider purchasing it for the long term. Ethereum is ranked as the 2nd largest cryptocurrency by market valuation.
In March 2022, Solana is also one of the most promising cryptocurrencies to invest in. Its underlying blockchain network, like Ethereum’s, serves as a platform for developers to create and host DApps. It is, however, still suffering teething issues, which have resulted in a number of outages.
Nonetheless, its technology is gaining traction, and if these flaws can be resolved, Solana might skyrocket. In the next 12 months, the price of Solana is predicted to rise by as much as 1000%.
Cardano (ADA) is based on the Ouroboros blockchain protocol, which has been peer-reviewed. It bills itself as a more secure and scalable means to keep decentralisation alive. It has a multi-asset ledger and verifiable smart contracts, making it one of the greatest cryptocurrencies to buy in right now.
It is a technology platform that helps operate financial apps in addition to being the trendiest cryptocurrency on the market. In March 2022, it is one of the most promising cryptocurrencies to invest in.
The platform also offers a native cryptocurrency called MANA, which can be used to buy and sell items from the marketplace. One of the most fascinating aspects of developing in-game content on Decentraland is that users can purchase their own plots of land to develop their own experiences.
Because the virtual world is built on blockchain technology, content creators have complete ownership of their work while still having access to a global marketplace.
The curve is a decentralised exchange (DEX) based on the Ethereum network that facilitates stablecoin trading. The curve is the second-largest DeFi project, according to DeFi Pulse, with a value of about $14.4 billion. Curve allows anybody to lend coins and earn large yields compared to existing asset classes because of the usage of liquidity pools.
The platform uses its own centralised liquidity pool, which is run on a side-chain and is designed to give a user increased exposure to the market without having to risk the entire capital. In addition, Curve also provides tools for investors that assist in launching their own DEX.
Dogecoin (DOGE) was founded as a parody or joke cryptocurrency. Despite the fact that Dogecoin was introduced in 2013, its price only soared in 2021. Dogecoin was inspired by a Shiba Inu meme that became big on the internet at the time. Elon Musk, the CEO of Tesla, has weighed in on the debate about job automation, arguing that while robots can be hazardous, they will not take over the world anytime soon.
Polygon is a popular cryptocurrency for constructing and connecting Ethereum-compatible blockchain networks. It supports a multi-chain Ethereum ecosystem by providing scalable solutions on Ethereum. Polygon has a lot of promise, according to several crypto investors, and will provide bigger profits in the future. It has a market value of $43.4 million in November 2018.
The Polygon token (Poly) is the Polygon platform’s native currency, with a total quantity of 1,655,000,000 tokens.