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March was a good month for most crypto investors.
Both of the world’s top two ciphers have skyrocketed, setting a bullish tone for the wider market of altcoin.
Bitcoin (CRYPTO: BTC), the world’s first digital token, increased by 20% in March.
Ethereum (CRYPTO: ETH) was the second largest player in the crypto space, jumping 25% in March and doing even better.
Below, we’ll look at how some of the other major ciphers are stacked.
For the purposes of this article, we are sticking to the top 10 by market capitalization and exclude Stablecoin as the price of Stablecoin tends to be closely tied to the fiat currency being tracked.
This cipher increased by 27% in March
First of all Terra (Cryptography: LUNA).
On March 1st, Terra traded for $ 85, and by March 31st the same token was worth $ 108. That’s a 27% increase, surpassing both Bitcoin and Ethereum last month.
Terra was also the fifth best crypto performer (out of the top 100) in 2021 and increased by 10,121% in the calendar year.
If you’re new to tokens, CoinMarketCap says, “Terra is a blockchain protocol that uses fiat money to power a price-stable global payment system.”
Terra launched in April 2019 with the goal of providing fast and affordable payments.
Tokens reached a record high of US $ 119 on April 5, just two days ago. It is currently trading at USD 109. With a market capitalization of $ 38.3 billion, it will be the sixth largest cryptocurrency in cryptocurrencies.
This cryptocurrency slammed with Ethereum in March
March 1st Cardano (CRYPTO: ADA) is trading at 97 US cents and the crypto has finished a month worth US $ 1.21. Its 25% gain outperforms Bitcoin’s performance and puts Cardano’s neck and neck on Ethereum’s powerful run.
Cardano was founded in 2017. According to CoinMarketCap, “Cardano is a proof of stake blockchain platform with the goal of” changemakers, innovators, visionaries “to bring about positive global change … [It] We aim to be able to modularize and develop distributed apps and smart contracts. “
Investors who own Cardano also have voting rights in the way the network operates and potential software changes.
Like most cryptos, Cardano’s price so far dates back to April and is now $ 1.05. This brings the market capitalization to US $ 35.8 billion and ranks 9th on the list of top tokens.
At current prices, Cardano is down 66% from its September 2 high of $ 3.10.
And this altcoin soared 33% in March
Easily beat last month’s Bitcoin and Ethereum performances Solana (Cryptography: SOL).
Solana was worth $ 96 on March 1st and traded at $ 128 on March 31st. This is a 33% increase.
Solana was launched in March 2020. “Solana is a highly functional open source project based on the unauthorized nature of blockchain technology to provide a decentralized finance (DeFi) solution,” said CoinMarketCap.
Solana has fallen from March 31 levels and is currently trading at $ 112. This brings the market capitalization to US $ 37.2 billion and ranks 7th on the top crypto list.
Despite strong performance in March, tokens remain down 56% from their all-time high of $ 260 on November 6.
