Most cryptocurrencies show an uptrend in their technicals. However, we recently witnessed short-term adjustments, as most cryptos consolidated around key prices. Despite this, there are still some standout coins that are worth investing in. In this article, we’ll be looking at 3 cryptos to buy in March 2023. Did yours make the list? 😉
What’s the difference between Crypto and Altcoin?
Crypto is a term that refers to all digital currencies, including cryptocurrencies and altcoins. Cryptocurrency is a type of digital currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. Bitcoin is the most well-known cryptocurrency, but there are thousands of other cryptocurrencies in circulation, each with its unique features and characteristics.
Altcoin, on the other hand, is a term used to describe any cryptocurrency that is not Bitcoin. Altcoin stands for “alternative coin” and is used to differentiate any cryptocurrency that is not the original and most well-known cryptocurrency. Altcoins can be based on different blockchains, have different features and use cases, and have varying levels of adoption.
Are Cryptos up today?
Well, not really. In the past 24 hours, most cryptocurrencies lost an average of 1.3%. Bitcoin is still hovering around a current price of $23,350 while Ethereum lingers around $1,650.
If we take the past 7 days instead, things look more red. In fact, the total market capitalization of cryptocurrencies in USD fell from 1.1 trillion and reached the current 1.06 trillion. This makes a loss of around 4% in the past week. Looking at figure 1 below, we can see how the global market cap is moving sideways.
Top 3 Cryptos to BUY in March 2023
The month of January 2023 started on a positive note. Most cryptocurrencies turned back to a strong uptrend. However, towards the end of February, prices adjusted lower. For March, if the market continues to go higher and breaks its current consolidation, those 3 cryptos can present great buying opportunities. The reason is obvious in the charts, as most of the below tokens reached their strong support areas.
#3 Shiba Inu (SHIB)
Shib prices adjusted heavily since the start of February 2023. However, at the beginning of March 2023, SHIB prices reached a strong support price of around $0.000012. If Shiba Inu Coin goes back to its previous high price of $0.000015, current buyers can easily cash in around 30% returns in 1 month.
#2 Cardano (ADA)
ADA tokens also had their fair share of a price decrease. Their prices adjusted from the high of $0.42 and reached the current support price area of $0.34. If Cardano goes back to its uptrend along with the entire crypto market, we can expect ADA to reach back its previous 42 cents price mark, making around 23% in 1 month.
#1 Ethereum Classic (ETC)
If we look at figure 3 below, we can clearly see the beautiful sideway trend of ETC. Everyone knows that an asset is most likely to rebound higher once it reaches its support area. For Ethereum Classic, it seems that prices are up for a 18% price hike in case the entire crypto market rebounds in the month of March 2023. If this happens, prices should increase from the low of $20 and reach $25.
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Source: https://cryptoticker.io/en/3-cryptos-to-buy-in-march-2023/