Altcoin Daily Lists Top Five Crypto Assets To Follow In March
Leading crypto YouTube channel Altcoin Daily lists their top five altcoins to watch for the month of March: Ethereum (ETH), Cosmos (ATOM), Solana (SOL), Avalanche (AVAX) and Splinterlands (SPS).
Ethereum (ETH)
In a recent video update, one of the two Altcoin Daily’s host Aaron Arnold notes that he is bullish on the leading smart contract platform Ethereum (ETH) and its layer 1 ETH rivals.
“I’m bullish on alternative layer-1s, but let’s not forget the king of layer-1s – Ethereum.
How could you not be bullish with so many different verticals that are contributing to the great tokenomics that is Ethereum? Sometimes it’s NFTs (non-fungible tokens), sometimes it’s DeFi (decentralized finance).”
Arnold cites Dune Analytics statistics from a tweet by Jacquelyn Melinek to explain his bullishness on DeFi.
“Total DeFi addresses are at 4.4 million, up 203% from year-ago date.”
The analyst is bullish on Cosmos (ATOM), also known as the internet of blockchains. He cites tweets from Erik Voorhees, the founder of open-source crypto platform ShapeShift, and notes that ATOM “is doing big things in the L1 space.”
“The Cosmos ecosystem is gaining steam, and is unique among L1 alternatives to ETH. It’s architected as a constellation of L1’s that are natively interoperable. This means horizontal scaling where each DApp (decentralized application) creates its own capacity. And it means assets can move between chains.”
The @Cosmos ecosystem is gaining steam, and is unique among L1 alternatives to ETH.
It's architected as a constellation of L1's that are natively interoperable. This means horizontal scaling where each dapp creates its own capacity. And it means assets can move between chains.
I’ve been a fan of Cosmos for several years, primarily because A) smart devs I know love it when they try it, and B) it doesn’t make the decentralization sacrifices that other PoS (Proof-of-Stake) L1s make. It’s highly decentralized, and decentralizing. And the UI (user experience) of actual transactions is beautiful.”
I've been a fan of Cosmos for several years, primarily because A) smart devs I know love it when they try it, and B) it doesn't make the decentralization sacrifices that other PoS L1s make.
It's highly decentralized, and decentralizing. And the UX of actual txs is beautiful.
On the list is also Ethereum rival layer-1 solution Solana (SOL). Arnold notes that the Solana non-fungible token (NFT) marketplace Neon has begun selling NFTs through a vending machine 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 bouncy super balls.”
Avalanche (AVAX)
Next up on the list is Avalanche (AVAX), which closed a $25 million round of institutional investment last week. According to Arnold the news sent AVAX price on a 20% rally.
Splinterlands (SPS)
Fifth and last altcoin on Arnold’s list is blockchain gaming project Splinterlands (SPS), which recently inked a partnership deal with media giant Warner Music Group (WMG). According to the Altcoin Daily host this is a big deal, which translates into bullish outlook.
