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Analyst points out the 4 best cryptocurrencies to invest in March

2 min read

Popular cryptocurrency analyst Aaron Arnold of the Altcoin Daily channel has listed some cryptocurrencies that he believes could be good investment options for the month of March.

Despite the most recent drop that impacted the entire market, he believes these altcoins can recover faster than the others, as reported by the Daily Hold portal.

Cosmos (ATOM)

The first cryptocurrency on Arnold’s list is Cosmos (ATOM). Citing recent tweets by crypto influencer Erik Voorhees, the analyst stated that ATOM “is doing great things in the L1 space.”

“The Cosmos ecosystem is gaining traction and is unique among L1 alternatives to ETH. It is architected as a constellation of L1s that are natively interoperable. This means horizontal scaling where each DApp creates its own capacity. And that means assets can move between chains,” Voorhees said.

Arnold has stated that he has been a fan of Cosmos for several years, mainly because the developers are smart and love it when they try it.

In addition, the network is, according to him, highly decentralized and user experiences are good. At the time of writing, ATOM is trading at $28.40.

 

Solana (SOL)

Arnold also said that he is excited about ETH’s tier 1 solution, Solana (SOL). He justified his optimism based on the announcement that Solana’s non-fungible token (NFT) market, Neon, has started selling NFTs at vending machines in New York City.

“This might be the most exciting thing you can buy at a vending machine since you were a kid, getting those super bouncy balls.”

The current price of SOL is at $92.50 and in the last 24 hours

 

Avalanche (AVAX)

Another ETH “rival” listed by Arnold for investment in March is Avalanche (AVAX). The platform received $25 million in institutional investments last week, according to CoinShares.

As the analyst pointed out, this fact helped the price of AVAX to rise about 20% in the last week.

After the attacks on Ukraine by Russia, AVAX retreated like other cryptocurrencies. But in the last 24 hours, the price of the cryptocurrency has rebounded by jumping around 17%.

At the time of writing, AVAX is trading at $80.45.

Splinterlands (SPS)

Finally, in addition to ETH’s competitors, Arnold mentioned a play-to-earn game token. It is the crypto asset SPS, from the game Splinterlands.

RecSplinterlands has partnered with media giant Warner Music Group (WMG) to develop play-to-earn games for WMG artists.

For Arnold, the deal is “a great partnership” that could drive SPS pricing over the next month.

At the time of writing, the token is trading at $0.1295.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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