Every month, we notice many new cryptocurrencies and crypto projects gaining in popularity. Whether you hold Bitcoin, Ethereum, or other cryptocurrencies, you need to be on the lookout for the quiet ones that are about to explode. So without further ado, let’s jump in to see which are the top 5 Altcoins to buy in March 2021.
1- Enjin Coin (ENJ)
If you are a gamer, you’re going to love this project. Enjin company is behind Enjin Network, which is a social gaming platform. On this platform, users can create websites, clans, virtual shops, raid chats, and other features that come with the gaming world. They use the Ejin coin, which runs on the Ethereum blockchain, using ERC-20. This coin backs the digital assets which are used on the platform, and acts as the sole medium of exchange.
Current Price: USD 1.39
Market Cap Rank: #62
2- Elrond (EGLD)
This cryptocurrency went into a revamp in its ticker, which was ERD. Each 1,000 ERD was swapped to 1 eGLD. There is no difference between both except for the name. Now that we cleared that out of the way, let’s get to know why this project is important.
Have you ever tried sending BTC and waited around 30 mins for the recipient to receive the payment? Well, Elrond blockchain seeks to fix that, by offering extremely fast transaction speeds. They attempt to do so by using sharding. They include themselves in the FinTech sector, as well as the DeFi category. EGLD is the native coin that is used for paying network fees, staking and rewarding miners or validators.
Current Price: USD 149.49
Market Cap Rank: #35
3- API3 (API3)
Smart-contracts are cool, but how the hell can a normal developper access dependable data from this complex technology? Enter API3, which aims at creating Application Programming Interfaces or APIs, in order to bridge the divide between regular developers and the decentralized world. Many companies will be able to seamlessly apply decentralized methods in their daily business applications. Super nice, Borat style.
Current Price: USD 5.03
Market Cap Rank: #346
4- Swissborg (CHSB)
We can directly know that this project was born in Switzerland (while eating chocolate and skiing, maybe). This swiss-based project aims to bring decentralization to the personal finance sector. What’s personal finance you might ask? Great question, it’s all those informative blogs, planning and budgeting apps, along other applications that come with it. For example, when you use a budgeting app on your phone, the creators of that app will have a lot of information about you. Like, your wife interfering with your finances is enough no? Of course, the Swissborg project is bigger than a small budgeting app, and encompasses private banking, wealth management and crypto portfolios.
Current Price: USD 0.9679
Market Cap Rank: #74
5- VeChain (VET) The last of altcoins
This last coin is definitely an interesting one to add on the Top 5 Altcoins to buy in March 2021. VeChain is a very interesting project, which aims to merge Supply-Chain Management with Blockchain, and integrate them together. This way, 1+1 becomes equal to 3, thanks to synergy. Supply-Chain is already too complicated and presents many challenges in real-life applications. The aim is to boost efficiency, traceability, and transparency, thus reducing cost that will eventually be passed on to the consumer. NEAT!
Current Price: USD 0.05144
Market Cap Rank: #27
Fig.5 VET/USD 4-Hours chart showing VET’s potential continued uptrend – TradingView.com
All the above coins managed to gained in prices following the recent uptrend in the cryptocurrency market, and present Top 5 Altcoins to buy in March 2021. They all present very interesting projects that have daily applications in the world of finance, gaming and business. Although they are on an uptrend, it is very important to always consider a stop-loss price to take into consideration in case the market turns sour on an aggregate level. Instead of holding through losses, it’s a good idea to get out of the trade and enter with a better and lower price. The Stop-loss price depends on the investor/trader risk appetite.