- The global crypto market cap regained the $1.1 trillion mark.
- Polygon’s layer-2 scaling solution zkEVM mainnet will be launched on March 27.
After the prolonged bear market, the year 2023 starts with a bull run in the cryptocurrency industry. Also, the Silicon Valley Bank’s failure, which led the stock markets to face heightened volatility, brought more attention to the digital market. And the global crypto market cap regained its $1.1 trillion cap.
The market leaders Bitcoin and Ethereum has notable price gains since the 10th of March when the New York regulators shut down Silicon Valley. After the U.S. bank collapsed BTC and ETH prices surged almost 10%. Also, other significant altcoins buzzed the market with new updates and launches.
Let’s take look at the top cryptocurrencies that could explode more attention in march 2023.
Bitcoin (BTC)
The king of the cryptocurrency market Bitcoin, which holds 44% of the market share, reached its 9-month high of $26K price range on March 14. The largest cryptocurrency always triggers other altcoins’ prices. By the way, BTC price has surged more than 49% since the start of 2023 and 13% in a week.
At the time of writing, the largest cryptocurrency traded at $24,731, with a 24-hour trading volume of $42 billion and a market cap of $477 billion. Even BTC has taken deep dive into the $18K mark on 10th March.
Shiba Inu (SHIB)
As everyone is aware, Shiba Inu’s new layer-2 blockchain, “Shibarium,” in its first beta, “Puppynet,” has widespread skepticism in the crypto industry. In addition, the second largest memecoin, which was created as a joke, is now turning to new developments with large use cases. SHIB community named itself ‘Dogecoin Killer’ and may the SHIB Army’s beliefs come true due to the March 12 launch.
Shiba Inu has deleted six zeros since September 2020. Also, SHIB has gained some prices after a notable dip. But at the time of writing, Shiba Inu traded at $0.0000105 with a 24-hour trading volume of $397 million and a market cap of $6 billion. However, the hype over the Shibarium may be failing to boost SHIB’s price.
Polygon (MATC)
Polygon, one of the noteworthy projects on Ethereum and is getting ready to premiere its layer-2 scaling solution, “zkEVM” zero-knowledge technology, mainnet on March 27. According to Polygon, zkEVM is significantly equivalent to Ethereum’s Virtual Machine (EVM). That would support the same code as Ethereum. The development brings users low costs, a 90% fee reduction, and faster and safe transaction.
According to CoinMarketCap, Polygon (MATIC) traded at $1.14 with a 24-hours trading volume of $752 million and holds a market cap of $10 billion. MATIC price is down about 5.15% in a day but rose 9.51% % in a week. Further, may the upcoming zkEVM mainnet would add benefits to Polygon.
SingularityNET (AGIX)
The hype over Artificial Intelligence (AI) and chatbots grab everyone’s attention. Also, AI-based crypto token has started circulating in the industry. SingularityNET (AGIX), developed by AI known as the Sophia team gaining crypto investors’ attention.
Elon Musk’s interaction, which used to trigger Dogecoin, now begins to jump into Al. He announced that he has a plan for a new AI chatbot and hired a team to develop it, there is a rumor spreading around social media that the team behind Musk’s AI might be SingularityNET. Also, Today the Twitter CEO shared a poster that featured Singularity in the image.
However, at the time of writing, SingularityNET (AGIX) traded at $0.4935, surged over 4.57% in the last 24 hours, and has a trading volume of $503 million, which down about 170%. Still, AGIX’s price rose 37.6% in a week and holds a market cap of $596 million.
CryptoGPT (GPT)
CryptoGPT (GPT) is also one of the crypto tokens that is based on AI and layer-2 zero-knowledge (ZK) blockchain. CryptoGPT debuted its GPT token on March 10 and described itself as a cryptographic ecosystem. Still, the token gaining significant attention in the industry and buzzing social media.
At the time of writing, CryptoGPT (GPT) traded at $0.1096 with a 24-hour trading volume of $45 million, which jumps over 51%. Also, the GPT price climbed around 29% in a day and has a market cap of 426 million.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
