As the third month of 2023 approaches with the sentiment of careful optimism on the cryptocurrency market, many crypto traders and investors are analyzing the landscape, trying to discern which digital assets are worthy of their attention in the following few weeks.
With this in mind, Finbold has examined the latest developments connected with some of the most promising crypto assets and arrived at a list of the top five cryptocurrencies to pay attention to as March unfolds, in no particular order.
Riding the wave of the renewed popularity of artificial intelligence (AI) technology thanks to the text-based AI platform ChatGPT, SingularityNET (AGIX) has made strides since the year’s turn, further expanded by other positive factors, such as the beta test launch of the project’s Cardano staking portal expected in March.
As things stand, AGIX is currently trading at the price of $0.41, which represents a modest increase of 1.62% on the day and 2.04% across the week but a significant gain of 131.11% over the previous 30 days and an even more impressive year-to-date (YTD) advance of 794.75%, also making it one of the top 5 AI cryptocurrencies to watch in March.
Meanwhile, Cardano (ADA) has stood out for the continuous efforts of its team on network development, most recently placing it in the top position among all crypto projects in terms of weekly development activity on GitHub, recording 541 entries in the week leading up to February 26.
At press time, however, Cardano was recording a minor loss of 0.26% on its daily and 9.45 on its weekly charts, in addition to losing 7.24% but still holding on to the year-to-date (YTD) winnings of 25.51%, as it was changing hands at the price of $0.36.
Optimism (OP) has been one of the beneficiaries of the news that Coinbase was launching its own Layer 2 network for Ethereum (ETH) using Optimism-based technology, which has allowed the OP token to record gains across multiple observed periods.
Indeed, thanks to the cryptocurrency exchange’s use of Optimism’s open-source stack for developing its Layer 2 sidechain, the OP token has raced 217.52% since the year’s beginning, in addition to adding 1.67% on the day, 13.39% across the week, and 28.86% in a month, and is currently trading at $2.93.
The year so far has been nothing but success for the liquid staking token Ankr (ANKR), as it has recently announced a deal with technology giants Microsoft (NASDAQ: MSFT) and Tencent with an aim to support further blockchain development and adoption.
As for its price, it is currently writing down a modest decline of 0.66% on the day, but its growth in other periods is significant, including gaining 35.32% over the week, 55.58% across the month, and 182.18%, as it is changing hands at the price of $0.04.
Bringing decentralized apps (dApps) and smart contracts to Bitcoin (BTC) and allowing dApps to perform more operations than regular apps, Stacks (STX) has recently received a boost from the Bitcoin Ordinal hype, as the non-fungible tokens (NFTs) flooded the sector with images, video games, and other content.
At press time, STX is trading at the price of $0.92, recording a growth of 22.69% over the previous 24 hours, 55.16% over the past seven days, and a whopping 209.14% during the month, as it raced 333.65% since January 1, according to the latest data retrieved on February 27.
All things considered, the further success of the above cryptocurrencies will depend largely on the continuation of their teams’ positive efforts and developments directly connected with the digital tokens themselves, as well as the outside factors such as the general atmosphere in the cryptocurrency market and on the wider macroeconomic stage.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.