3 Best Bet Altcoins to Buy In March 2024

The post 3 Best Bet Altcoins to Buy In March 2024 appeared first on Coinpedia Fintech News

Analyst Virtual Bacon  has revealed his top three cryptocurrencies that he’s buying in March, anticipating significant movements in the next two months. He discussed his altcoin picks for this month, starting with Polygon (MATIC) at the top of the list.

Polygon (MATIC)

Despite its popularity, he believes it’s undervalued. He explained how Polygon’s technology allows for seamless communication between subnetworks, making cross-chain DeFi applications possible. He compared Polygon’s tokenomics favorably to its competitors and predicted a significant increase in its price. 

He compared Polygon’s tokenomics favorably to its competitors and predicted a major run-up in its price, potentially reaching previous all-time highs. He discussed potential trade setups for Polygon and expressed confidence in its future performance.

Aevo + Ribbon Finance (RBN)

The analyst talked about the next altcoin on his list, Aevo + Ribbon Finance (RBN). Despite its recent price increase, he thinks it’s still undervalued. He explained how Ribbon is rebranding to Aevo, a decentralized exchange for trading futures.

He mentioned that Aevo has surpassed dydx in trading volume. He compared Ribbon’s value to other exchanges and said it’s undervalued. He mentioned two events in March: an airdrop and a token event for Ribbon. He shared his thoughts on Ribbon’s potential price targets and trade setups. 

Arweave

Finally, he mentioned his third altcoin pick for March, Arweave. He said that Arweave’s price has broken out strongly after a recent announcement. There’s been a resistance range between $16 and $19 since the bear market in 2022 and R its launch in May 2021. He thinks if it dips back to around $19 to $20, it could be a good buying opportunity, but he’s not expecting that due to the strong uptrend. He already bought R weave between $26 and $27 during a recent dip.