With Russia invading Ukraine and the world on the verge of World War III, the value of key cryptocurrencies is plummeting. Cryptocurrencies like Bitcoin and Ethereum have been in the red since the beginning of the year.
Furthermore, they are up against stiff competition from newcomers to the market, such as Solana. Meanwhile, cryptocurrency donations are being sent to Ukraine’s military forces.
Let’s take a look at the top cryptocurrencies that will skyrocket this month, as we’ve just started March.
5 Cryptos That You Should Consider Investing In
Even though the impact of the war in Ukraine has caused the price to fall to its lowest point, there is no question that Bitcoin will continue to lead as the world’s largest cryptocurrency.
Because of its extensive history in the crypto industry, this crypto is more widely accepted than any other digital coin. Furthermore, some investors consider Bitcoin to be a decent inflation hedge because there will never be more than 21 million Bitcoin tokens in circulation.
Solana, a newcomer, is a highly functional open source project that uses the permissionless feature of blockchain technology to create decentralized financial (Defi) solutions.
The project’s concept and first work began in 2017, and the digital coin was officially introduced in March 2020 by the Solana Foundation, based in Geneva, Switzerland. The cryptocurrency aspires to outperform Ethereum.
Smart contracts, which can be utilised in a variety of applications, are supported by Ethereum’s blockchain. Furthermore, the second-largest cryptocurrency can produce non-fungible tokens (NFT).
Ethereum has gained 2.34 percent in the previous 24 hours. Furthermore, there are 119,790,092 ETH coins in circulation.
- Binance Coin (BNB)
Binance is the world’s largest cryptocurrency exchange, and Binance Coin is the market’s third most popular cryptocurrency. On the Binance exchange, the coin is known as the native coin.
As a result, investors who use the Binance Coin to pay transaction fees get a discount. Binance decreases the supply of digital currency based on trade volume every quarter.
Tether is the most popular of the stablecoins. Tether is a cryptocurrency that works in the same way as the US dollar. Tether is, in theory, a “crypto-dollar” that retains its value in the same way that genuine US dollars do. However, there are also doubts about Tether’s ability to back all of its digital currency with sufficient