As March 2023 approaches, the crypto market is expected to continue its growth trajectory and these altcoin predictions are coming to the fore. cryptocoin.com We have compiled the forecasts for March for you.
Altcoin predictions for March 2023
January and February 2023 have been good for cryptocurrencies. On average, the crypto market managed to grow more than 40% as its market cap increased from $800 billion to the current $1.12 trillion.
The market is expected to continue to grow for March 2023, especially as legacy markets are already starting to take a heavy hit. Tech companies are laying off their employees and the war between Russia and Ukraine is heating up. However, investors can take shelter in the emerging crypto market.
5 altcoins to buy in March
Ethereum (ETH)
Ethereum price has seen a strong rise again over the past few days. After Bitcoin initially rallied more than Ether, Ethereum has recently outperformed Bitcoin slightly and has risen again above $1,700.
According to analysts, Ethereum price may soon reach a price of $ 3,000 again. But in March, the $2,000 price mark is expected to be broken.
Polygon (MATIC)
Polygon’s MATIC coin has seen a huge surge over the past few weeks. Since the start of the year, MATIC has increased by almost 100%. The scam started in early 2022 and will continue until 2023. In the further uptrend, prices are also now drastically increasing.
In the coming weeks, the momentum from MATIC should continue and further gains could be seen if the market continues to rise.
Dogecoin (DOGE)
Dogecoin is poised to see another strong rally in the coming weeks. The January rally did not cause the DOGE price to rise sharply. When Dogecoin price lags slightly compared to the general market, it is usually a sign that a larger rally is imminent.
Elon Musk may also enjoy reintroducing Dogecoin here. Most recently, as the Twitter CEO, he posted a picture of a Shiba Inu dog on Twitter. An announcement that Dogecoin will be integrated into Twitter could possibly cause a price explosion.
Ripple (XRP)
The legal dispute with the SEC has already caused major disasters for the XRP token. However, most people hope that the case will be resolved favorably. If that happens, XRP is ready to reap big gains.
That’s why keeping XRP on your watch list is a good idea, analysts say. If things turn positive, XRP prices are thought to increase.
Cardano (ADA)
Cardano managed to increase over 13% in the last 7 days. After reaching the 40-cent price mark, Cardano may continue to rise to reach the next $0.50 price target. If all else holds steady this would mean an additional 25% increase.
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