3 Currencies to Consider This March

Cryptocurrencies have underperformed in March as Concerns loom over the Ukraine crisis. The Federal Reserve is also expected to hike interest rates on Wednesday. The following cryptocurrencies are worth investing in in March.

Terra

Terra is a huge blockchain project in South Korea striving for the greatest Industry growth. Its smart contract features provide a creative platform for developers. Recently, DeFi projects like Anchor Protocol, Astroport, and Lido improved, hiking their TVL to over $23 billion, thus becoming the biggest after Ethereum.

LUNA hiked to its highest in March, trading at $105; thus, the trend may continue with the increased demand of its DeFi ecosystem. The rising demand for Terra USD is also an impetus to Terra’s price; a stablecoin created using the network.

Monero

Monero is a leading privacy coin globally, and unlike Bitcoin, its transactions are private and cannot be tracked. Therefore there is a demand rise for it as investors expect more ransomware threats.

In the past few months, most hackers can manipulate the Bitcoin ecosystem. The FBI, for instance, has tracked funds stolen from the Colonial Pipeline hack and Bitfinex hack.

Thus, many may consider Monero due to its privacy policies which are better than other coins. It’s evident below that it fell slightly from its highest in 2021 but still slightly above the ascending trendline and the 25-day and 50-day moving averages. A bounce back in March is possible.

ThorChain

ThorChain is a popular cryptocurrency, and it offers inter-chain liquidity. RUNE, its native token, is the top performer in March with a double price increase.

This performance is due to developers launching ThorFi, a financial derivatives product. It allows people to develop derivatives products backed by real assets. Analysts predict a continuous growth even though the concept isn’t new.

Thus, the RUNE price may keep rising in March.