Altcoin projects have remained quite strong throughout February and although they have not been able to break above resistance levels, they have maintained their respective support levels. Crypto masters share their altcoin picks for the month of March and explain the reasons for their choice.
Altcoin projects on the master analyst’s radar
As you follow on Kriptokoin.com, most altcoins in the space, including the leading crypto Bitcoin, have been affected by the sluggish market behavior as they are trading in a very narrow range. However, the altcoin market cap has been increasing since the beginning of 2023 and has entered a bullish range. Popular crypto analyst Michaël van de Poppe says that if Bitcoin hits $35,000, there will be some significant spikes in the markets. In this context, the analyst gives his targets for altcoin projects that are on his radar.
- Chainlink (LINK): $12-15
- Avalanche (AVAX): $55-60
- Cosmos (ATOM): $22-25
- Phantom (FTM): $1.10-1.30
- Scale (SKL): $0.20-0.25
- Litecoin (LTC): $185-210
- Ethereum (ETH): $2,500-2,800
In another post, Michaël van de Poppe explains the altcoin projects that should be included in portfolios. You’re on the analyst list LINK, Polkadot (DOT), ATOM, SKL, Concordium (CCD), Flow (FLOW), Reserve Right (RSR), Curve (CRV)
Best altcoin picks for March: ADA, MKR and FET
According to experts, a significant break can be expected in the coming days, as the whales are already making huge profits in the current situation. The altcoin market cap, currently hovering very close to $600 billion, is increasingly trading. Despite the sideways trend, levels were held higher in bullish zones. This may be why a few altcoins like Cardano, Maker, and Fetch.AI witnessed massive whale activity last month.
https://twitter.com/santimentfeed/status/1631114092286205952
Whale transactions have been recorded for these 3 major altcoins, ADA, MKR and FET. Whale activity increased by 68% compared to the previous year, while ADA whale activity increased by 47%. The leader of the whale activity was Fetch.ai, which witnessed a massive increase in whale accumulation of nearly 400%. Massive whale buildup can only happen once they are aware of the upcoming market trend or have any information about network upgrades. However, the bulls seem to be on the alert and may take action at the right time.
To Dan Gambardello, something big is going to happen at the ADA!
Dan Gambardello, the crypto YouTuber and trader behind a channel called Crypto Capital Venture, recently posted a video revealing its untapped potential in Cardano.
Cardano $ADA holders…something BIG is happeninghttps://t.co/mQH1I9TS80
— Dan Gambardello (@cryptorecruitr) March 1, 2023
Gambardello cites a piece of data that supports, solidifies, and reminds him of the fact that Cardano is on the rise. He also explains why he thinks so much about the $10 ADA and realistically believes a $15 ADA is possible.
The trader argues that Cardano is a better Blockchain than Ethereum. Shelly talks about how she followed Cardano through all her major updates, including Mary, Alonzo, and Vasil. Gambardello emphasizes that Cardano will grow when all these technical elements are in place. It also underlines a tweet that ADA TVL has reached a new ATH based on ADA. He mentions that ADA is a blue-chip cryptocurrency with a market cap of $12 billion.
According to Gambardello, Cardano TVL’s close approach to ATH during this time marks a strong bullish point for ADA. He also analyzes the TVL of AVAX and ETH and concludes that they are not approaching their all-time high TVLs. The analyst emphasizes that the data do not lie. He also states that in terms of the bear market, the worst is over. He also believes a $500 billion market cap is in play for ADA.
60574
