Expect These 3 Altcoins To Pump HARD in March 2024

As we begin yet another month, it’s time to look at the coins we like for March. Today we look at a coin that is a launchpad. Is in the center of one of the big crypto narratives, and is a smart building but often forgotten Layer 1 chain.

Curious to see what we like for March? Then, let’s discover these 3 altcoins.

1) DAOMaker

Launchpads were out of favor for a long time. And it’s understandable why. If new projects are not launching and many newer projects are just barely hanging on, then how does a launchpad grow? That’s what 2022 and most of 2023 was like. But no more. So our first pick is one of the leading launchpads and one of the survivors. DAOMaker.

DAO, the native token of DAOMaker, is down 15% in the last 60 days but up about 10% over the last 90 days. This means that DAOMaker has been in a little bit of a slump at a time when its markets and new project launches are growing. And that equals opportunity for us.

DAOMaker is without question in the leading group of launchpads for the industry. They along with some others we like such as Seedify or Enjinstarter attract the best of the best. Many new projects launch on all 3 of these or at least 2 of the 3 regularly. So of course DAOMaker is growing. Its position in the market is improving as more new projects come online. But the price is not catching up to the growth yet.

Again, that’s an opportunity for us. Some of its upcoming listings include:

At its current price of just under $1, just to get back to its recent high in mid-December would be a 40% return. We expect more new projects to launch and a generally optimistic feeling in March and leading up to the Bitcoin halving in mid-April. Are you registered with any launchpads? Which one is your favorite? Let us know in the comments below.

2) Akash

Now we’ve got one of the hottest projects in one of the hottest narratives in our industry. The narrative, AI. The project, Akash. One thing I have not seen talked about much on Crypto Twitter is the synergy that will happen between crypto and AI. They are made for each other. Use an AI agent to do a task and use crypto to pay for it to either finish the task or to pay the agent.

Think about it for a second, do you think people and companies will create autonomous AI agents and then present an invoice? Or expect a bank transfer payment? No. They will want a digital native payment to go with the digital native service they are providing. I don’t know why more people aren’t talking about this, but they should be.

And what you see playing there in the background is the CEO of NVIDIA saying that AI is going to replace coding. And if it does, then all this happens even faster. OK back to Akash. AI needs tons of computing power for its large language models or for rendering images. Akash is a decentralized marketplace where you can buy, sell, or rent GPU processing power for AI.

We like this project A LOT. And I’ll be honest. It’s had a huge runup recently. AKT, its native token, is up 60% in the last 30 days, 3x in the last 3 months, and 900% in the last 12 months. So it would be a fair question to ask, can it still grow from here or grow as fast? The answer is Yes, it can. First, it’s part of 2 of the top narratives, AI and DePIN.

Second, it just got listed on Coinbase.  This means Americans, who have a notoriously difficult time getting access to Cosmos IBC ecosystem assets can now easily and directly buy Akash. It just happened at the end of February and this is a much bigger deal than people realize for US retail investors.

Third, a lot of those newly bought NVIDIA GPUs are ending up on the Akash marketplace. In short, Akash is crushing on all levels and we expect it to continue. Its market cap is $1.1 billion and we see no reason why it can’t become a $100 or $200 billion project.

3) Sui

Lastly, for today, we have Sui. Sui is like the middle child. The forgotten one of Layer 1 chains. Sui has been doing pretty well since its mainnet launch in May. We had them in the coins for February too.

And it was up a respectable 6.2% for the month. It’s not setting the world on fire the way Bitcoin has been but most other projects haven’t either. In the last 60 days, Sui is up 2x. It did a double.

Sui is making investments in its ecosystem like the Cetus DEX. Recent new listings like Binance Japan make it accessible to many more investors around the world. I feel like the industry has been sleeping on Sui and all its recent improvements. But if the first 2 months of 2024 are any sign, people are waking up and seeing the value.

The market cap of SUI of $1.9 billion puts it at ~#68 in the market by market value. I see lots of growth continuing from here.

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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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