The cryptocurrency market saw a significant rebound in February, with Bitcoin (BTC) briefly reclaiming the $52k level. Other currencies followed BTC’s trajectory and hit levels last seen over two years ago.
Some analysts anticipate the recent market turnaround to be the early stages of a new bull run. On the other hand, investors are curious if the momentum from February will continue into March. With that said, let’s look at three assets that could rally in March 2024.
Top 3 cryptocurrencies to watch for March 2024
Bitcoin (BTC):
Bitcoin (BTC) is currently leading the market and will likely do so in March. Moreover, BTC will undergo its halving cycle in April, which many consider bullish. Investors may begin buying BTC in anticipation of a bull run fuelled by BTC’s halving.
Also Read: Top 3 Cryptocurrencies That Could Surge After Bitcoin Halving
According to Changelly, the original cryptocurrency could breach the $60k level in March, hitting $61,572 on Mar. 18, 2024, a rise of over 20% from current levels. Breaching the $60k level would take BTC to its highest price since 2021.
Ethereum (ETH):
Ethereum (ETH), the second-largest cryptocurrency by market cap, also witnessed a healthy turnaround in February. ETH briefly reclaimed the $3k level earlier this week. However, prices did not hold, and the asset faced a slight correction.
Also Read: Top 3 Cryptocurrencies Under $0.10 That Could Surge in 2024
Nonetheless, ETH may ride the BTC halving wave, leading to a price surge. Moreover, there is talk about a potential spot ETH ETF (Exchange Traded Fund) being approved by the SEC (Securities and Exchange Commission).
Changelly predicts the cryptocurrency to hit $3,138.58 on Mar. 23, 2024.
Solana (SOL):
Solana (SOL) was one of the best-performing cryptocurrencies in 2023. The asset saw a healthy rally earlier this month, but levels did not hold. SOL has faced a 10.4% correction in the weekly charts.
Nonetheless, SOL could turn things around in March as we approach BTC’s halving. Changelly anticipates SOL to hit $126.80 on Mar. 21, 2024.
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