Bitcoin movement statistics over the years indicate that March is not the best time for cryptocurrency. Most often, the coin shows a negative trend within a month. Here is what the statistics for the last 11 years during March look like when translated into percentages:
- Growth – 27%.
- A sideways trend, which did not lead to course changes – 9%.
Regardless, the popularity of cryptocurrencies as a new financial instrument is growing. The proliferation of digital assets is facilitated by the shortcomings of outdated fiat currencies. Many investors pay attention to Bitcoin because it is the flagship of the crypto industry. As a result, the demand for the coin is growing.
Investors will use bitcoin to hedge against inflation as US Federal Reserve continues to issue money.
One of the key trends that makes it possible to positively assess the prospects for bitcoin in 2022 is the degree of its acceptance. The Global Cryptocurrency Adoption Index from Chainalysis, which includes 154 countries, has grown by 881% compared to 2020.
Many members of the crypto community believe that BTC will be able to return to the $50,000 in March 2022. Further, it will break through the resistance at this level and move to the previous levels of $60-65,000, after which it will reach new heights closer to the fall of 2022. Experts estimate the forecast for the growth of Bitcoin by 900% in 2022.
The main branch of investment in cryptocurrency falls on its mining: investors began to actively buy shares of large mining companies, some tried to create their data centers. The task turned out to be not the easiest: in addition to money, knowledge, labor, and nerves, it requires a lot of time spent on maintenance and care of the equipment. Therefore, the most profitable way to
invest in cryptocurrency at the moment is cloud mining – the user rents the power of large mining farms and accumulates cryptocurrency in a personal wallet. Leave all the work to the professionals and enjoy passive income while watching Bitcoin grow this year.
One of the most popular representatives of Cloud Mining is GreenHashes. They are the first who began to mine cryptocurrency in an environmentally friendly way, which allows them to keep up with the times and increase their income while protecting our environment.
Renewable energy sources: sun, water, and wind help to increase the capacity of the mining farm, which is an indisputable advantage for everyone who rents power from these guys. A large selection of contracts allows everyone, both beginners and professionals, to try cloud mining and add it to their arsenal of passive income. All you need is to visit their website and get familiar with the offers.
In case of any suggestions or questions about the service, let the support team know and write to [email protected].
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/the-crypto-trend-in-march-and-its-effect-on-greenhashes/