7 Best Breakout Altcoins to Watch in March 2022

So far, 2022 has brought a lot of volatility and steep price drops, as most cryptocurrencies have simply continued the crash that started in mid-November 2021. However, the crypto industry is still managing to hold its ground decently enough, and we expect a new bull run to start at some point, even if only temporarily. If you want to take advantage of this opportunity when it arises, here are our top 7 cryptos we recommend you watch.

1. Ghost

First on our list is Fantom (FTM), which is a DAG (directed acyclic graph) smart contract platform that offers DeFi services to developers using its native bespoke consensus algorithm. Fantom was developed with one goal, which is to solve problems associated with smart contract platforms, including low transaction speeds, which are currently not good enough to meet community demand and developer needs.

Fantom’s goal is to overcome the limitations put in place by past generations’ blockchains and smart contracts, and it does so by trying to strike a balance between security, scalability, and decentralization. Historically, it was quite difficult to keep all three at a reasonable level, as one or more always had to be sacrificed for the others to thrive. The most secure and scalable systems were not decentralized, and decentralized systems were either secure but not scalable, or scalable but not sufficiently secure.

Fantom aims to solve this problem, and since all blockchain trends today rely on smart contracts, their help in solving these problems is crucial for the crypto industry to take the next step. Additionally, we put Fantom at number one as its price recently dropped due to the news that Andre Cronje, one of the most influential DeFi developers, has recently decided to distance himself from crypto. However, Fantom and other projects he has worked on are quite capable of operating independently of him, which is why we expect the coin’s price to rebound quite quickly.

To learn more, visit our Investing in Fantom guide.

2. Avalanche

Then we have Avalanche – a layer one blockchain that serves as a platform for dApps and custom blockchain networks. This particular project is one of Ethereum’s rivals, as it emerged to offer services similar to what you can find on Ethereum, but with greater speed and scalability.

As many know, Ethereum has had issues with low scalability and high utilization, which led to long processing times, which in turn led to massive gas fees. The reason for this is that higher fees tend to be more attractive to crypto miners, and so those who wanted their transactions processed sooner tried to achieve this by paying more. By improving scalability, Avalanche eliminates all that domino effect, bringing fast and cheap transactions to everyone.

The project has a unique architecture that consists of three individual blockchains – the X-Chain, C-Chain, and P-Chain. Each of them has their own purpose, and so they share the work so that neither of them is overloaded like Ethereum and Bitcoin do. This approach alone makes Avalanche a viable candidate for a breakout, as many crypto users are turning to different chains that fall under the category of Ethereum alternatives. But, it also has a growing dApp and DeFi ecosystem, which is also worth keeping in mind, which is why we believe this project has a bright future ahead of it.

To learn more, see our Investing in Avalanche guide.

3. Earth

Third, we have Terra – a blockchain protocol that relies on a fiat-supplied stablecoin to power price-stable global payment systems. The goal of the project is to offer the fastest and most affordable settlements by combining the stability and global adoption of fiat currencies with the censorship resistance of cryptocurrencies.

Essentially, the project isn’t too different from Ripple and Stellar, but it offers much greater price stability, which makes it more useful to those looking for a safer way to exploit the industry benefits of cryptocurrency. This makes Terra a project that is very likely to last in the long term and potentially one of the few cryptos that will be used daily for global payments.

To learn more, check out our Investing in Terra guide.

4. Gimbal

In the middle of the list we have Cardano. Cardano has been around for years now, and for the most part it’s among the top 10 cryptocurrencies by market capitalization due to its team of experts, extensive track record, and a pretty well-established idea of ​​what it is. which it aims to achieve. In other words, Cardano was showing a lot of promise since the early days, and as it continued to deliver on those promises, users became much more confident about it.

This trust peaked when the project launched smart contracts in October 2021. Suddenly, the Cardano ecosystem exploded with new projects, including dApps, DeFi protocols, NFTs, and more. Unfortunately, only about a month later, in November 2021, the crypto price crash took place, and it is still preventing prices from recovering at the time of writing.

In other words, Cardano’s native coin, ADA, is hugely undervalued – not only because it had a lot more use cases after the launch of smart contracts, but also because the launch of smart contracts smarts marked the end of the second of its 5 eras of development. In other words, there’s a lot to look forward to from this project, both in March 2022 and in the long term.

To learn more, visit our Investing in Cardano guide.

5. Ethereum

Next, we have Ethereum. Ethereum is a project that needs no introduction, as it can easily be named the second largest crypto project ever launched. It is the project that invented smart contracts, as well as virtually every trend the crypto industry has seen from 2015 to date.

But, despite starting with a bang that has secured its position as the world’s largest altcoin for seven years now, Ethereum is very technologically limited these days. But, it is ready to work on it, and its developers have spent years creating Ethereum 2.0 – an update that will completely change how it works and make it much faster, more scalable, more energy efficient, and more.

For this reason, we still have high hopes for the future of Ethereum, and with an optimistic outlook for its future, the project is also worth considering now, investment-wise. The fact that Ethereum has also not avoided participating in a rally as far as memory reaches is also encouraging, and it indicates that the project is likely to see a massive rally as soon as the bearish grip loosens, this which can still happen at some point. this month of March.

To learn more, visit our Investing in Ethereum guide.

6. Decentralization

Towards the end of the list we have Decentraland, which is one of the oldest – if not THE oldest – metaverse projects the crypto industry has to offer right now. If you follow crypto trends, you probably know that the metaverse is the newest and hottest topic among crypto/blockchain enthusiasts, and Decentraland is the industry leader and one of the early movers.

It has already developed a functional digital world, where many have purchased digital plots of land over the years. This land can be purchased by purchasing the NFTs tied to each plot, and once you secure the NFT – the token and the land are yours to do with as you wish. So far, we’ve seen many cases of people using this land to develop software, create games, launch digital versions of their businesses, and even host virtual events and meetups that allow people around the world to come together and connect in the most immersive way yet.

Simply put, Decentraland is the Bitcoin of the metaverse industry, and as such, we expect it to be the most dominant project for a long time. And, as its community grows, so does its usage, which means the project’s token, MANA, could likely skyrocket once the market permits.

To learn more, see our Investing in Decentralization guide.

7. Ertha

Finally, in seventh place, we have Ertha. Ertha is similar to Decentraland in some ways, meaning it’s a metaverse project that allows users to purchase digital land in the form of NFTs. However, Ertha is a blockchain gaming metaverse that offers users the ability to take on specific roles in its various corporations.

The first thing to note is that Ertha features a digital replica of our own planet Earth, which is divided into 350,000 equal parcels called HEX. Each HEX is linked to an NFT, and after purchasing it, you become the sole owner. Depending on where the NFT is located, it may be more or less expensive. But, once you own it, you can choose a role you will have in the society that owns that piece of land.

So you can become a businessman who will lead a company and do everything in his power to earn money and outperform his competitors. Or, you can be an academic who will contribute to society by studying and inventing new solutions. You can become a warrior who will defend his country and society, or invade others. Or, you can act as a government official who will help lead the country and outshine its neighbors.

The possibilities are many, and all this makes Ertha a very complex and enjoyable game, where players have to change their way of thinking and constantly keep things like economy, army, infrastructure, etc. in mind. . This complexity is what makes Ertha very interesting and fun, which is why we think the project has a very bright future ahead of it.

To learn more, visit our Investing in Ertha guide.

Conclusion

Finding the right coin or token to invest in is all that matters to investors and traders. However, this is also the hardest part of investing and trading. The coins listed above are some of the cryptocurrencies that have the most potential to become prominent in the future, and hopefully that future might not be too far away.

Of course, we cannot guarantee that they will explode, nor claim that they are the only ones that could explode. There are many cryptos that have great potential, and if you want to review them, you are more than welcome. However, this is the list of altcoins we have our eyes on, so we recommend that you check them out as well.

Floyd N. Morlan