Cryptocurrency prices have tended to stabilize in recent weeks.
The crypto market experienced significant stabilization in February. After the massive gains in January, prices were still able to rise slightly in some cases. However, there was no breakthrough, and prices tended to move sideways.
The Bitcoin price closed January at a price of just over $23,000. It had ups and downs in the next few weeks. Mid-January, the price experienced a crash that took Bitcoin to $21,500.
After this drop, a strong rally took place that pushed the Bitcoin price above $24,000. As a result, Bitcoin attempted to break through the $25,000 mark several times. In the past few days, the price has dipped slightly below $24,000.
In the next few days, March will be just around the corner, which will close the first quarter of 2023. Here are the three best cryptocurrencies for March 2023.
Bitcoin (BTC)
Bitcoin has performed well so far in 2023, rising more than many altcoins. That is not unusual for a bear market that we are still in. Bitcoin could benefit from monetary policy signals that are likely to stop raising interest rates. Also, stronger SEC activities against Altcoins tend to give Bitcoin a breather. This is considered a safe bet among cryptocurrencies.
According to the technical analysis of Bitcoin prices predicted for 2023, the minimum cost of Bitcoin will be $34,997.58. The maximum level that the BTC price can reach is $40,659.72. The median trading price is expected to be around $36,245.17.
Cryptocurrency experts are ready to announce their forecast for the BTC price in March 2023. The minimum cost of trading could be $26,249.19, while the maximum could reach $28,257.80 during this month. On average, the value of Bitcoin is expected to be around $27,247.27.
Polygon (MATIC)
In recent weeks, Polygon’s MATIC has been one of the biggest winners. The 2022 hype about the project has continued in recent weeks. With the rising prices in the market, MATIC also experiences strong increases. A bull market should also affect Polygon (MATIC) very positively, and the MATIC price should continue to rise strongly in March.
Polygon is expected to start in March 2023 at $1,516 and end the month at $2,098. During March, the expected maximum price for MATIC is $2,208 and the minimum is $1,501.
Dogecoin (DOGE)
Dogecoin has seen smaller increases in contrast to MATIC. But a Dogecoin rally could be on the cards in the coming weeks. For one, the likelihood of a strong rally is increasing after a slow rally in recent weeks. Also, Elon Musk recently tweeted a photo of a Shiba Inus. Many investors see an announcement about the integration of Dogecoin with the company Twitter.
Dogecoin is forecast to start in March 2023 at $0.094592539021123 and end the month at $0.10086922193146. During March, the expected maximum price of DOGE is $0.13910667503106 and the minimum is $0.094592539021123.
By Audy Castaneda
