Crypto Gems: Top crypto assets to watch & buy in March (2024)

What a great ride 2024 has already been! Bitcoin is up 60% year-to-date and is nearing price discovery mode after taking out its previous all-time high. Ethereum, Solana, and other top altcoins have followed the #1 asset’s price action and have registered considerable gains too.

We are definitely amidst the start of an exciting bull run in the last 18-24 months. To maximize your crypto portfolio returns, it's prudent to allocate a good share to emerging and upcoming narratives that will drive value in the ecosystem. In our last article, we covered layer-2 solutions, decentralised protocols and gaming ecosystems.

Today, we will cover AI, DePin and other narratives. While we do the crystal gazing, we encourage investors to understand the risks and growth potential associated with each asset and do their independent analysis.

AI tokens – RNDR, FET, and AGIX (higher risk, good returns)

AI is the next big narrative globally and crypto-based AI tokens have the potential to deliver decentralized scaling of AI solutions. The frontrunners in this space are Render (RNDR) and Fetch.ai (FET). The risks involved in this space are: how well the general AI narrative takes shape globally and how soon.


RNDR is basically a decentralised GPU network. If you have idle GPU at your home, you can loan out that GPU for others to use to implement AI services. A simple yet effective idea. RNDR has a market cap of $3.7 billion currently and can do a 5-8x over the next two years potentially.

Fetch (FET) ecosystem basically delivers AI services in a decentralized environment. Businesses can create AI agents (core component of this network) that can interact with others with FET being its utility token. FET has been one of the leading AI coins that has shown strength through the bear market. Currently at a market cap of $2 billion, FET can scale similarly to RNDR.

Another token to watch out for in this space is SingularityNET (AGIX). AGIX allows users to easily create, share, and monetize AI services, thanks to its globally-accessible AI marketplace. AGIX, at $1.5 billion market cap today, can do a 8-10x and is a darkhorse of the space.

DePIN – FIL, HNT, and AR (medium risk, considerable returns)

DePIN, short for decentralised physical infrastructure networks, are blockchain protocols that build, maintain, and operate physical hardware infrastructure in an open and decentralized manner. They enable the functioning of blockchains on the backend while enabling them to flourish and scale.

Key tokens to observe are Filecoin (FIL), Helium (HNT), and Arweave (AR).

Filecoin is an open-source cloud storage marketplace protocol that solves data storage in a decentralized space. FIL is already a top #25 crypto asset with $5 billion market cap. If decentralized data storage becomes big, FIL can do 5-7x from current levels over the next 2 years.

Helium (HIL) plays in the people-powered network space – users can create their own hotspots and connect to a decentralized wireless network. Helium has nearly 1 million hotspots connected already and these have helpful applications in IoT and other network functions. HNT, with a market cap of $1.4 billion, can do a 6-9x over the next two years.

Arweave (AR) is also tackling decentralized storage and is backed by Meta (Instagram). It has developed strong tech and partnerships and has risen well in 2024 (4x since Jan. 2024). There is potential for another 6-8x for this token.

Memecoins on Layer 1s (highest risk, disproportionate returns)

We don’t recommend investors aping into memecoins as a trend. But memecoin plays are becoming a valid way for speculators and gamblers to thrive during bull runs. If at all you are looking at this growing class, be ready to lose it all (and therefore allocate a <2% of crypto portfolio into them).

The narrative to follow here is to identify the main memecoins on Layer 1s that are growing well – they give a higher beta to layer 1 assets.

Examples are: Ethereum (DOGE, SHIB, PEPE, FLOKI), Solana (BONK, WIF, MYRO) and Avalanche (COQ).

The ever dependable – BTC, ETH and SOL (lowest risk, decent returns)

When we do a list of crypto projects to invest in, it’s difficult to discount the impact and appeal of Bitcoin (BTC) and Ethereum (ETH). They are proven assets that drive the entry of new investors in the space (both institutional and retail). Solana (SOL) is soon becoming a solid #3 in this list. The returns will be less significant compared to other assets (3-6x) but still they are relatively risk-free.

(The author is CEO, Giottus Crypto Platform)

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(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

Crypto Gems: Top crypto assets to watch & buy in March (2024)

FAQs

Crypto Gems: Top crypto assets to watch & buy in March? ›

Cryptos that could boom in 2024 include SingularityNET and Fetch.ai, both of which may capitalize on AI's popularity. Bitcoin is another crypto that could be poised for a strong performance in 2024, thanks to the SEC's approval of Bitcoin ETFs.

Which coin will boom in April 2024? ›

Cryptos that could boom in 2024 include SingularityNET and Fetch.ai, both of which may capitalize on AI's popularity. Bitcoin is another crypto that could be poised for a strong performance in 2024, thanks to the SEC's approval of Bitcoin ETFs.

What is the most promising crypto right now? ›

What Crypto to Buy Now?
  • Bitcoin (BTC) – The Most Popular Cryptocurrency in the World.
  • Ethereum (ETH) – The Most Popular Platform to Create Web3 dApps.
  • Solana (SOL) – A Faster, Cheaper, and More Secure Ecosystem.
  • Ripple (XRP) – A Top Crypto That Aims To Replace The SWIFT System.
1 day ago

Which coin will reach $1 in 2024? ›

Dogecoin (DOGE)

Emerging from an internet meme, Dogecoin has surpassed expectations, transforming into a well-known name in the crypto realm. Currently valued at $0.08126, Dogecoin's path to the $1 milestone has been fueled by volatility, market corrections, and unwavering community support.

What crypto will explode in 2024? ›

Our list of the next big crypto coins to explode in 2024 (x100 Bull Run) : EarthMeta ($EMT) – AI-driven Metaverse platform for decentralized governance and digital real estate. Folki ($FOLKI) – Meme coin integrating with the metaverse.

Which crypto coin will explode in 2025? ›

XRP presents a compelling case for a 5X return by 2025, driven by its trading history and recent legal victory against the SEC. With its focus on cross-border transactions and low fees, XRP's utility and adoption potential make it an attractive investment option for the future.

Which crypto has the most potential? ›

Bitcoin (BTC)

The world's first cryptocurrency, Bitcoin, has the largest market capitalization. Its established network, limited supply, and growing institutional adoption make it a relatively safe haven in the volatile crypto market. Bitcoin grew by 155% from the start till the end of 2023.

What crypto is next to boom? ›

Here's our list of cryptos that will explode in 2024: PlayDoge (PLAY) – Meme coin with play-to-earn utility and generous staking APY. WienerAI (WAI) – A prime meme coin contender for explosive growth in 2024. Sealana (SEAL) – Meme token with an engaging story and a fixed presale price.

Which crypto has big future? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Ethereum (ETH)$455 billion$3789
Binance Coin (BNB)$103 billion$698
Solana (SOL)$79 billion$198
Ripple (XRP)$29 billion$0.52
6 more rows
Jun 7, 2024

What crypto to buy in May 2024? ›

Of course, the most promising crypto investments are those with new catalysts in place that can help them soar in value throughout 2024. With that in mind, there are two cryptocurrency coins on my radar right now: Bitcoin (BTC -0.83%) and Fetch.ai (FET -1.88%).

Which crypto will explode soon? ›

Rounding off our list of new cryptos that could explode this week is Mega Dice Token (DICE) Mega Dice Token aims to combine the thrills of a top-tier crypto casino with the rewards of a blockchain gaming ecosystem. With over $1.1 million raised in its ongoing presale, the project is off to a fast start.

Which is the next big crypto? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Solana (SOL)$79 billion$198
Ripple (XRP)$29 billion$0.52
Dogecoin (DOGE)$23 billion$0.16
Tron (TRX)$9.9 billion$0.11
6 more rows
Jun 7, 2024

What is the hottest crypto today? ›

Top Trending Cryptocurrencies Today
#CoinPrice
1Bitcoin BTC$65,976.26
26Pepe PEPE$0.0000114
2Ethereum ETH$3,475.42
5Solana SOL$142.73
12 more rows

Which crypto has 1000x potential? ›

SpacePay ($SPY) is a decentralized protocol that could soar by 1000x due to its revolutionary utility. This platform will launch a decentralized terminal-agnostic payment protocol that facilitates seamless crypto transactions at retail locations.

What crypto should I buy right now? ›

One of the best cryptocurrencies to buy now, Cardano shed 81% in 2022 but has managed to nearly double since the beginning of 2023, when it was trading for 25 cents. ADA now trades for roughly 46 cents and boasts a market cap of more than $16 billion.

Which coin will pump in the future? ›

Best Altcoins for Next Bull Run
CoinMarket CapitalizationCurrent Price
Ethereum (ETH)$352.50 billion$2987.52
Solana (SOL)$59.55 billion$143.65
Dogecoin (DOGE)$0.1294$0.147
Cosmos (ATOM-USD)$8.94 billion$9.02
3 more rows
May 9, 2024

What crypto to invest in April? ›

Based on previous halving history, many experts see Bitcoin's price surging around the $100,000 mark by 2024. Thus, investors are accumulating the Bitcoin crypto in April in anticipation of a major rally.

What is the prediction for Dogecoin in 2024? ›

In 2024, according to Coinpedia, Dogecoin price action suggests a trend continuation beyond the psychological barrier of $0.10, with prices potentially surging to $0.14.

What is the price prediction for core coin in 2024? ›

Core Price Prediction 2024

Technical analysis showed that Core is expected to range between $0.356293 and $1.91, with the average price of $1.55 in 2024. That being said, if you buy Core at the current price of $1.53, the potential ROI for you in 2024 is +1%.

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