With over 10,000 cryptocurrencies currently available to invest or trade, choosing the best cryptocurrency option can be very difficult, especially if you are a beginner.
Even though the cryptocurrency market has been going through tough times lately following the Russia-Ukraine war and some cryptocurrencies have seen huge price changes, the fact remains that several cryptocurrencies will stand the test of time.
The aim is not to be tempted to make a quick assessment but take the time to identify cryptocurrencies with an ambitious roadmap.
In this article, we will be exploring the top ten (10) crypto projects to look out for in March 2022.
Top 10 Crypto Projects to look out for in March 2022
The best crypto projects will be looking out for in March 2022 are listed below:
- Ethereum (ETH): Ethereum, the second-largest cryptocurrency in the world by market cap, is a distributed blockchain computing platform that can run smart contracts and decentralized applications (DApps). Its native token is Ether (ETH). Its distributed computing Ethereum Virtual Machine means it can host applications, and new coins supporting its ERC-20 standard which can be layered on top.
The network is currently undergoing a major upgrade from Proof of Work to Proof of Stake, also known as Ethereum 2.0. Ethereum is the leading underlying platform in the DeFi space.
- Solana (SOL): Solana is a decentralized blockchain designed to enable scalable and user-friendly applications.
It can process many transactions per second with low fees compared to other blockchains and uses Proof of Stake (PoS) and Proof of History (PoH) consensus methods.
Solana is also used for non-fungible tokens (NFTs). They have high speed and low fees and a high level of scalability.
Solana is known for being the fastest blockchain network as Solana can process up to 50,000 transactions per second.
- Polygon (MATIC): Polygon aims to address Ethereum’s lack of scalability in its current form. Its core is a composable modular system that makes it highly flexible. As such, the Polygon SDK has become a favourite among blockchain developers.
Polygon has become a prominent feature of several decentralized finance (DeFi) protocols, with many platforms adopting it on a daily basis.
Users need to bridge their Ethereum assets on the Polygon network. In return, they gain speed, affordability, and potential market leaders.
It is a Layer 2 solution that has spawned infrastructures like Plasma, Optimistic Rollups, zkRollups and Validium, as well as sidechains like the MATIC platform, the project’s native token.
- Avalanche (AVAX): Avalanche is another platform for launching DeFi applications and enterprise blockchain deployments in an interoperability environment for scalability.
Thanks to its composable approach to building applications and custom blockchains, developers can get started relatively quickly. The protocol has grown from strength to strength in 2021, jumping into the ranks of top coins.
- Chainlink (LINK): Chainlink is a blockchain abstraction layer designed to enable end-to-end connected smart contracts by leveraging a decentralized network of oracles.
The project could disrupt traditional finance by separating the technology provided by Chainlink from the token, with Sergey Nazarov, Chainlink co-founder, believing DeFi as an ecosystem could be worth $1 trillion by the end of 2022.
- Binance Coin (BNB): Binance Coin is the native token of Binance Exchange – one of the largest cryptocurrency exchanges in the world.
BNB allows Binance users to reduce trading commissions. The token is also used to power Binance Chain and Binance Smart Chain – two separate blockchain networks. BSC is a rapidly developing decentralized application environment.
That means BNB has a real use case. Binance is also burning BNB tokens – reducing overall circulation – which helps to further increase the value of the token.
- Decentraland (MANA): Decentraland is a decentralized, explorable 3D virtual reality platform that requires no VR glasses. It is based on the Ethereum blockchain.
The platform allows its users to take ownership of digital land parcels purchased with LAND tokens bought with MANA’s native token. Users use NFT technology to create their own unique environments in the virtual world. Brands, companies and individuals are already flocking to the virtual world.
- Polkadot (DOT): Polkadot is software that incites a global computer network to run its blockchain on which users can launch their own blockchain.
Polkadot’s relay chain is built using Substrate, the blockchain building framework. Polkadot integrates a flexible cross-platform network framework for peer-to-peer applications.
Polkadot also has a reputation for allowing users to stake DOT tokens as they can be rewarded for their contributions.
Whenever a user stakes DOT tokens, they are used to validate and mine the blockchain, allowing every staker to help secure and maintain the network and be rewarded for doing so. All of these use cases will increase the value of DOT tokens.
- NEAR Protocol (NEAR): NEAR uses a proof-of-stake consensus mechanism with a fragmented architecture to scale transaction throughput. Sharding can be a system that divides the blockchain into distinct but connected parts to improve transaction processing efficiency.
As NEAR explains, PoS sharding is unique in that it scales linearly with the number of shards, allowing more and more users to use NEAR for transactions.
- Crypto.com: The last but not the least on our list is Crypto.com, formerly known as Monaco, one of the projects known for being the first to launch a cryptocurrency-linked Visa card. It has since changed its name to Crypto.com. Crypto.com Chain uses Tendermint Core as its consensus engine.
A total of 100 billion has been spent, of which 50% will be allocated to those who serve the network to ensure its integrity and transaction throughput.
Crypto.com has recently entered the booming NFT space. Crypto.com’s marketing is solid. A recent sponsorship deal with the famed Staples Center in Los Angeles, now renamed the Crypto.com Arena.