The altcoin market had a middling week where it managed to maintain its volume. While the bull run may not seem imminent on the new moon, the crypto market may have stabilized. In this article, let’s take the predictions for 8 altcoins that could move in March from the list of two well-known crypto analysts.
Attention to these 8 altcoin projects in March
Optimism (OP)
Top of the list by popular crypto analyst Tom Busby, Optimism had a productive February with the upcoming Ethereum spikes. The analyst states that Coinbase has launched an Ethereum Layer 2 network based on Optimism, which could be a major catalyst for its price. As Kriptokoin.com, we have covered Coinbase’s new Tier-2 scaling solution Base in detail in this article. The analyst thinks the collaboration between Coinbase and Optimism is a positive sign and will keep Coinbase competitive.
Anchor (ANC)
Next up is Anchor, which is currently ranked 99th and has been on the market since 2019. Anchor has recently partnered with Microsoft to offer enterprise node services that can give it a competitive advantage. The analyst states that partnerships like this are crucial for crypto projects and can lead to mass adoption. He also predicts that the dollar, which is Anchor’s ATH level, could reach just below $0.20 in the long run.
Stacks (STX)
Third pick on Busby’s list is Stax, who recently rallied 18% and is now gathering strength. STX has been around since late 2019 and is a layer 1 blockchain solution designed to bring smart contracts and decentralized applications to Bitcoin. The analyst believes Stax will maintain its competitive edge if it can provide that for Bitcoin.
Polygon (MATIC)
Polygon, also known as MATIC, is developing an important technology behind the scenes by building the scalability of the Ethereum network. The analyst states that they have recently partnered with the zkEVM launch. Busby believes Polygon could reach $22 or $70 in the long run, which is about $2, the ATH level.
Cardano (ADA)
The last pick on analyst Busby’s March altcoin list is Cardano, which currently ranks seventh by market cap. Despite having a good February, the analyst states that there are some bearish signs for Cardano, but still an election for March. Cardano is partnering with many different companies and countries around the world and this could bring the expected rally in the long run.
Ankr (ANKR)
Ankr, which was analyst Rahul Nambiampurath’s top pick, gained nearly 30% in response to two collaborations with tech giants Tencent and Microsoft. The partnership with Tencent allows users to launch nodes for several Blockchains using Tencent’s cloud computing powers. The Microsoft partnership brings him together with Ankr to work on Web3 infrastructure solutions.
Thanks to these partnerships, Ankr expands its ecosystem and creates the basic infrastructure that developers can benefit from. The altcoin project lays the foundation on which it can expand Web3 or decentralized internet intentions.
Stacks (STX)
As we mentioned above, Stacks (STX) gained more than 50% in a short time due to the growing popularity of Bitcoin Ordinals. Bitcoin Ordinals is a protocol that allows NFTs to be stored on Bitcoin and are sorted and written with a piece of information such as text or an image. This piece of information makes each one unique and turns it into an actual NFT. In mid-February, the value of Sequential NFTs in Bitcoin exceeded $100,000.
Both Stacks and Ordinals protocols allow additional development possibilities for Bitcoin, namely smart contracts. Smart contracts, which are programs for blockchains, are popular on other networks, but Bitcoin has had limited development in this regard. Its token is associated with Stacks Ordinals as it is a form of payment for Ordinals NFTs.
Bone ShibaSwap (BONE)
BONE, one of the Shiba Inu ecosystem tokens, gained 11% after the listing by the central exchange GATE. BONE will serve as the token used to pay for gas fees or transactions on the Shiba Inu network.
Additionally, the Tier-2 scaling solution Shibarium is expected to be released soon, and the team has also launched a portal for it. Layer-2 scaling solutions are discrete Blockchains built on top of the primary layer to provide speed and transaction processing benefits. Shibarium is important because the strategy takes the Shiba Inu from its meme coin origins and makes it a more useful project.
GateToken (GT)
GateToken (GT), the native token of Gate.io, is up about 10% last week and is currently trading at around $5.2. The exchange token offers advantages to users of the Gate.io exchange, which has added more users in recent months.
The price increase may be due to Gate.io having applied for a Hong Kong Trust or Corporate Service Provider (TCSP) license that will allow it to expand its business and services. As regulators tighten their controls on the crypto market, crypto exchanges around the world are focusing more on compliance.
41049
