The crypto market has had a tough start to the year. Also with the Russian-Ukraine war crises, cryptocurrencies are traded in the red. However, much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.
Cryptocurrencies have turned out to be the primary choice of asset investment for young investors. From business giants to startups, there are many use cases where cryptocurrencies are being widely used.
With war at bay, cryptocurrencies are playing a major role in the finance industry. The most popular cryptocurrency, bitcoin, has had volatile price moves this year.
The largest cryptocurrencies are facing high competition from newcomers like Solana.
Here are the top 10 cryptocurrencies that will explode in March 2022.
Bitcoin
There’s absolutely no surprise whatsoever that Bitcoin (CRYPTO: BTC) still reigns as the world’s most popular cryptocurrency. But the impact of war has dropped its price to the steepest low.
However, it still continues to enjoy the advantage of being the first cryptocurrency. It’s more widely accepted than any other digital coin, mainly because it’s been around longer.
Bitcoin is even viewed by some investors as a good hedge against inflation since there will never be more than 21 million Bitcoin tokens in circulation.
Solana
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (Defi) solutions.
While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. It is aiming to kill large cryptocurrency Ethereum.
XRP
XRP is the currency that runs on a digital payment platform called RippleNet. The token was created by Ripple to be a speedy, less costly, and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.
The XRP ledger can process transactions roughly within 3-5 seconds, and it is also among the most affordable cryptocurrencies in the market.
Cardano
Current Price: US$0.8711
Cardano (ADA) has attracted a wide range of investors, due to its large market gains as well as its energy-efficient process, which is seen as far more eco-friendly than the likes of Bitcoin. Due to a variety of factors, Cardano’s price is predicted to surge in 2022. Cardano is expected to enter the institutional adoption circle in the near future. At this point, Cardano is one of the best affordable cryptocurrencies in the market.
Dogecoin
Current Price: US$0.1231
Dogecoin uses a proof-of-work consensus mechanism, which requires miners to solve complex math problems with expensive, high-powered computers to earn the right to validate transactions. Dogecoin’s advantage over Bitcoin is that it’s cheaper and faster to process transactions.
Shiba Inu
Current Price: US$0.0000236
One of the meme tokens that has absolutely taken off lately, Shiba Inu has seen some biblical growth last year. Among the many factors to consider to own SHIB token is the impressive community Shiba Inu has created. It is one of the best cryptocurrencies to buy in March 2022.
Binance Coin (BNB)
Market cap: Over $68 billion
The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.
Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.
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