The cryptocurrency market recovered from its downturn in 2022 and regained its former glory as several digital assets surpassed their previous all-time highs (ATHs).
February has proven to be a very positive month for the cryptocurrency market, with the total market capitalization increasing from approximately $1.62 trillion at the beginning of the month to over $2.33 trillion. This represents an increase of more than 40%. Since the year has just begun, there are numerous factors in the coming months that could further improve the performance of the altcoin market.
Explored below are potential altcoins that deserve attention in March and could post 10x gains.
Bitcoin’s Expected ATH Could Boost Emerging Altcoins
Bitcoin and Ethereum have broken through significant resistance levels and are now only 10% to 15% away from their ATHs. This has generated a growing sense of anticipation among investors, with expectations that these two leading cryptocurrencies could reach new ATHs in March.
Such a milestone could catalyze a significant rise in the altcoin sector, with some newer altcoins potentially achieving gains of up to 10x in the run-up to the Bitcoin halving event. However, major altcoins are expected not to see such dramatic increases. Instead, memecoins and AI-related cryptocurrencies, along with a selection of emerging altcoins, are expected to lead the growth of this market during this period.
Pepe Coin
Pepe Coin has become a leader in the memecoin sector over the past few weeks, with an impressive gain of over 181% in one month. Its value has seen exponential increases during minor Bitcoin rallies.
If the price of Bitcoin hits its all-time high in March, we could witness the price of the Pepe coin rise to $0.00003, effectively removing a zero from its current value.
Dogwifhat (WIF)
The hype surrounding meme coins is making a strong comeback, and the Solana-based token dogwifhat (WIF) has witnessed a significant price surge. In the last three days, the value of WIF has skyrocketed by 135%, as the meme coin market experiences positive momentum.
WIF has even surpassed long-established players like Floki (FLOKI) in market capitalization.
Many in the community are optimistic about WIF’s potential for further gains, especially since it is currently only listed on a few exchanges and has yet to achieve a top listing. level platforms like Binance or Coinbase.
With the token now approaching the $1 mark, being just 22% away, reaching this level could attract widespread media attention and fuel additional enthusiasm around the token. This could even shoot the price up 10x in March if sentiment is favorable.
COTI
The core token of the COTI Layer 2 network experienced a notable increase in value during February, with an increase of over 280%. In the last week alone, the price of COTI has increased, more than doubling with an approximate 130% gain.
As a result, there is a good chance that COTI price will generate a 10x profit in March as market sentiment is now extremely bullish.
SingularityNET (AGIX)
SingularityNET, along with its native token AGIX, seeks to bridge the gap between blockchain technology and artificial intelligence. However, its price has seen some fluctuations in recent months.
The AGIX token has shown strong performance in recent weeks, rising more than 160% in one month. Furthermore, if the BTC price continues to rise in March, AI tokens could see significant momentum, with AGIX potentially leading this rally and approaching a value close to $5 by the end of the month.
By Leonardo Perez
