Good day Steemit, This is Dan from Cryptolite. Today is the 1st of March and I wanted to talk to you about the best coins to buy this month. These picks are not based on my personal preferences, but based on roadmaps, upcoming major events, recent trends, prices and trading analysis. So hang onto your seats, this is gonna fast and exciting!
5-----Sitting at number 5, the first coin I got my eye on is Neo!
Neo has a few big events this month, the first has already happened today, and that was the airdrop for Ontology. So Neo holders would get some Ontology token for each Neo they have in their wallets, an airdrop always gets a lot of attention, and the price tends to rise before and airdrop and may drop significantly after. After the airdrop was announced the past few days, we saw Neo rise from $117 to $146, its currently at $128, I don’t think we will see it fall much further than this, maybe $120, $115, but that’s a resistance line in itself and Neo on a whole is gaining traction, so I see people who bought into it NEO will actually learn about NEO, like the project is and stay, because NEO is actually a great project and the more you learn of it, the more you are likely to stay. That being said, because it is right after an airdrop, if I haven’t taken a position yet, I would probably hold off for the next few days, let Neo stabilise itself before taking a position sometime next week.
The next two events for NEO in March are : Dev workshop happening on the 9th march. A developer’s workshop itself won’t raise the price of Neo, but it has been strategically placed to coincide and boost two other Neo events this month.
Firstly the NEO APAC tour. This is happening from 3-18th March and it will include their first time to Australia. Australia is a Significant part of the oceanic market and there has already been a significant interest from Australian blockchain teams in Neo so this is a very strategic move.
How do I know there has been interest in Neo from Australia? It’s actually from the last event for NEO this month ending on the 31st of March is their first Dev competition. This is actually an event that was launched last Nov, and has a prize pool of USD$450,000. It’s gotten 455 project applicants so far (as you can see, a third of the applicants are from China, no surprise, but you have applicants from USA, India, Russia, and guess who? Australia as well, so its really exciting!).
So specifically, Australia is one of the big 5 countries to participate in the competition and we see NEO notice the interest in Australia and launching 3 events in March that will include promoting, upskilling and rewarding investors from Australia.
Australia aside, the competition is to develop a project on the NEO blockchain. So we can expect, more volume on the platform (which means price rise), more new innovative projects just for NEO and more potentially technology just for NEO!
For these reasons, Neo is our top 5 coins to pay attention to in March.
4----- The next big coin sitting at number 4 in March is Tron (TRX)
Some people love Tron, some people hate Tron. But whether you love it or hate it, Tron does has an exciting calendar for March.
The biggest news is its beta launch is expected, latest by the end of March, but recent tweets and rumors are saying it will be earlier anywhere 10-15 days earlier.
Kryptocal currently has it’s countdown set for the 21st of March.
And as I said in my OCOIN video, I believe Ocoin (major partner of Tron) is waiting for this launch to jump on to the Tron network which is much faster than current Ethereum network before they launch their Obike integration. To back up this speculation, OCOIN has always said since its ICO days that it will use TRON mainnet, and YiShi founder of OCOIN tweeted 2 days ago that Obike integration will happen in March, the same time as Tron’s beta launch. Coincidence much? When this happens, both Tron’s and OCOin’s price is expected to rise.
Also Tron is due for coinburn this month (before the end of Q1)! Everyone loves a coinburn. Less coin means more value per coin. This coin burn has been confirmed that it will not be a sudden large burn, but happen like the Ripple coinburn, slowly with each transaction. But nonetheless, people are going to buy in before the coin burn and coin burn can only make the price go up.
Lastly, Tron right now is at a low low. Its all time high was $0.30, and its sitting now at $0.044. That’s not even 20% of its previous high. It’s still got a huge follower base and is in the 10 15 coins on the market, which means it is going to be responsive to any good news. With the upcoming events and an expected market recovery towards the end of the month, if Tron recovers even half of its previous high, that would still be over 300% gains. In my opinion, Tron is one to watch out for this month.
3----- My third pick for the month of March is Verge
Verge has quite a few majors events/ updates planned for Q1 which is ending this month. The major updates include:
- Anonymous transactions over the 12P network
- Mining update
- New Website
- New merchandise store
- RSK smart contracts update. (this was originally Q1 but was later updated to be “in testnet for Bitcoin now, date revolved around this timeline)
So smart contacts update may not happen this month, but out of the other big 3, the new website update was tweeted less than 24 hrs ago,
and they also have an AMA with Justin Vendetta on the 5th March, where many Verge holders are hoping he will announce the mining and anonymous transactions update.
Secondly, Verge has been having a very rough past two months. It’s been literally demoralising watching the coin go down. And I don’t even hold the coin. But on the technical analysis (and this was done by someone else smarter than me on tradinganalysis) Verge is approaching the tip of the triangle and due for a breakout. So market trend/ psychology as well as good news, could give Verge the good month it so badly needs.
2----- My number 2 biggest expectation for the month of March is, none other than the big daddy, Bitcoin!
Bitcoin took a beating in Feb. At its lowest it hit $6k, but within 2 weeks recovered to $11.8k almost double the low. Since then its been repeatedly testing the upper resistance, and currently on the 1st of March, we seem to be in a good place. There was this terrible RSI a while ago, but where we are now, we are not oversold, so there is room to grow, the moving averages look healthy as well, and how tomorrow will turn out is anyone’s guess, but we’re not in bad place and it certainly looks like we have a chance to break that resistance. And even if we don’t break it this time, it looks like we will have a chance to keep re-resting this resistance and hopefully break it in March.
2 reasons I am bullish about Bitcoin in March:
i. Market dominance
In Jan, at its lowest this year, we saw Bitcoin’s dominance drop to 32.6%. It then climbed up to high 39’s over the last couple of weeks, but today is the day it hit 40%. Now look at the trading volume today. Bitcoin’s trading volume is 7 billion dollars! That’s heads and shoulders above any other coin. Now you have to understand that there hasn’t been much new investors in the cryptospace, so we are not seeing new money. This increase in Bitcoin dominance is due to altcoin money pouring into Bitcoin. This is why if the market is to have any sort of recovery movement, the first to see significant growth should be Bitcoin.
ii. Segwit use
Over the past couple of weeks, a few key entities in the Bitcoin ecosystem have rolled out enhanced support for SegWit, which has led to greater capacity for transactions in each new block. Besides increased block size limit Segwit is also a fix for the transaction malleability bug. So it’s a good thing. This isn’t just increasing the proportion of investors buying Bitcoin, its increasing the proportion of users using Bitcoin as confirmation times become more predictable and fees lower.
These two factors and a likely market recovery in March make us bullish on Bitcoin this month.
- Finally, our biggest prediction for Month lies with Ripple.
And the biggest surprise for you will be that Ripple has nothing major on its roadmap for March!
It has a couple of presence at a couple of big conferences, the Blockchain Africa 2018 on the 8th March and the Money 20/20 Asia in Singapore on the 13th March. He CFO is a keynote speaker at the Blockchain Africa conference, but they are only a small participant in the Money 20/20 Asia conference. However, neither of these are likely to affect its token price greatly.
Why would I then recommend Ripple as the biggest gainer in March if its roadmap is empty? It’s because of 2 reasons:
i) Roadmap’s are an indication of progress in the coin’s technology. Every coin is racing towards a real world application of blockchain. At the moment, very few coins have a real world application. Ripple changed the money transfer sector of blockchain 2 days ago when it was announced that Caullix financial services (one of the biggest financial services in Mexico) will be using Ripple for cross border money transfer. This is not a pilot phase, this is a launch. This trumps roadmap because it is not indicative of a progress towards practical use. It is actual practical use.
ii) The second reason is somewhat related to this and it is momentum. No other coin can compete with Ripple in the last couple of months with the partnerships they are forming. Almost every other day is a new partnership with major financial players and world reknown banks across the globe. The only reason Ripple has not seen a moonshot yet, is partly because of the bearish market and also because all the partnerships were pilot projects. They are still in test phase and not confirmed practical uses yet. But now that is inevitable. The announcement of Ripple being used practically by Caullix I believe is like the spark that will set off a forest fire. There is so much momentum behind Ripple right now, that once the lid of the bearish market comes off (which we expect over the next 1-2 months), I really believe it will moonshot again.
Plus Ripple’s price now is really low! It’s sitting at $0.94, when its high 2 months ago was $3.80. Even if it returned to $3.80 in 1-2 months, it would be a 400% gain. Other youtubers are predicting crazy numbers like $600 in 2018. I don’t think that will happen, I think they advertise those numbers to get views. But $10, $20, even $50 ripple this year I can believe. For those reasons, Ripple isn’t just one of my top picks for March, it’s one of my top picks for 2018.
So there you have it, my top picks for March. Just a couple of points before we end. You will notice that at the moment, it’s the big coins that are dominating the picks. That’s because the market at the moment is just coming out of a brutal bear run and lacking in confidence. So investors are sticking with the safer coins for now. I do believe there are small coins which are very attractively priced at the moment and if you get in them now, have a chance for massive gains at the end of the year. But that wouldn’t be just a March investment, it’s a HODL til the end of the year at least. Il do another video soon for the top coins to HODL in 2018. Don’t miss out on that.
If you think that March is going be exciting, wait til we come to April. I think March is when we turn the corner, but April is when we hit the highs. I also think April is when the altcoins will have their run. We’ve seen it happen before, Bitcoin takes off first, then the Altcoins have their turn. It happened last year in Sept with Bitcoin and the altcoins in Nov- early Jan. So its something definitely to look forward to, but Il talk to you more about that in April’s picks. We will do these monthly picks on the first or second day of every month to help you in your journey for the month.
If there are any other topics or coins you want us to discuss, let me know and I will do my best to accommodate it. This channel is made for you guys, so I want to know what you want to know, so I can be relevant to you.
Thanks for hanging around, if you like this post, give me a follow so you don’t miss out on any of the content, some of the content especially upcoming events and price predictions are time sensitive so you definitely don’t want to miss out. Thanks so much for supporting, have a great day and I’ll catch you next time!
We are not professionals and this is not financial advice, just us sharing our thoughts with you. Always do your own research and make your own decisions.