Altcoins to Watch in March: A Deep Dive into Potential Outperformers

An index tracking the performance of the lower half of the top 100 digital assets saw a remarkable 60% increase over the past month, surpassing Bitcoin’s 56% gain. Notably, the overall crypto market value increased by more than $800 billion. Market analysts observed a trend of investors moving their focus from Bitcoin to the smaller altcoins which lagged behind the OG-crypto during the recovery phase.

Meanwhile, the investment flow, which was previously heavily biased towards Bitcoin, saw a reduction, with Ethereum now receiving a more significant portion of investment. Despite Ethereum still being far from its all-time high, this redistribution indicates a growing enthusiasm for non-Bitcoin assets. It is further supported by the derivatives sector, where open interest and perpetual futures costs increase, particularly in Bitcoin futures at the CME Group.

As the market’s focus shifts, five specific altcoins are emerging as significant players to watch in March, potentially outperforming as they catch up to Bitcoin’s previous gains.

The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype.

$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.

Just let the numbers speak for themselves: holder count: 18.41k; 24-hour trading volume: $2.26m; over 2,535 buys and 1,651 sells. ScapesMania also topped DEXTools’ Hot Pairs list right away.

This project started out with a presale event

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Author: Crypto Daily

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