The month of March brings great optimism for the crypto industry. Now it’s time to look at the coins we like for March. Crypto expert Stu L from the Altcoinbuzz team expects strong rises for 3 altcoins.
First up is DAOMaker (DAO)
Launchpads had fallen out of favor for a long time. And it’s understandable why. How does a launch pad grow if new projects are not being launched and many new projects are barely surviving? Most of 2022 and 2023 have been like this. But not anymore. That’s why our first pick is one of the leading launchpads and survivors. DAOMaker. DAO, DAOMaker’s native token, is down 15% in the last 60 days. However, the altcoin price has increased by approximately 10% in the last 90 days. This means DAOMaker is experiencing a bit of a decline at a time when its markets and new project launches are growing. This means opportunity for us.
DAOMaker is undoubtedly among the leading launchpads in the industry. They pull the best of the best, along with others we like like Seedify or Enjinstarter. Many new projects are regularly launched in all three or at least two of the three. So of course DAOMaker is growing. Its position in the market is also improving as more new projects come online. However, the price has not yet caught up with the growth.
At its current price of just under $1, even a return to its mid-December high would yield a 40% return. We expect the launch of more new projects and an overall optimistic sentiment in March and until the Bitcoin halving in mid-April.
Second ranked altcoin: Akash Network (AKT)
We now have one of the hottest altcoin projects in one of the hottest narratives in our industry. Narrative, artificial intelligence. Project, Akash. Something I haven’t seen talked about much on crypto Twitter is the synergy that will happen between crypto and AI. They were created for each other. Use an AI agent to perform a task and use crypto to finish the task or pay the agent.
Artificial intelligence needs tons of computing power for large language models or image processing. Akash is a decentralized marketplace where you can buy, sell or rent GPU processing power for AI. We love this project very much. And I’ll be honest. The altcoin has experienced a huge rise recently. Its native token, AKT, has increased by 60% in the last 30 days, 3x in the last 3 months, and 900% in the last 12 months. Therefore, it would be a fair question to ask can it still grow from here or can it grow this fast? The answer is yes, it can grow. First, it is part of 2 of the best narratives like AI and DePIN.
The latter was just listed on Coinbase. This means Americans who have difficulty accessing Cosmos IBC ecosystem assets can now easily and directly purchase Akash. This development took place at the end of February. It’s also a much bigger deal for US retail investors than people realize. Third, many of the newly purchased NVIDIA GPUs are entering the Akash market. In short, Akash is crushing it at every level and we expect this to continue. Its market cap is $1.1 billion and we see no reason why it cannot become a $100 or $200 billion project.
Finally, Sui Network (SUI) is coming!
Sui is like the middle child. The forgotten of Layer 1 Blockchains. Sui has been doing pretty well since its mainnet launch in May. They were among the coins in February. And it was up a respectable 6.2% for the month. It doesn’t set the world on fire like Bitcoin, but neither did most other projects. The altcoin price has doubled in the last 60 days.
Sui makes investments in its ecosystem such as Cetus DEX. New listings like Binance Japan make it accessible to many more investors around the world. I feel like the industry is sleeping on Sui and all the latest developments. But if the first 2 months of 2024 are any indication, people are waking up and seeing the value. SUI’s $1.9B market cap puts it at ~68th in the market in terms of market cap. puts it in order. I see growth will continue from here.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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