3 Cryptocurrencies to buy in March – Avalanche (AVAX), HUH Token (HUH) and Cosmos (ATOM)
Due to the war between Russia and Ukraine, the cryptocurrency industry has indeed suffered, with geopolitical tensions causing extensive volatility across the market.
The traditional financial market has always been affected by inter-country conflict and the dwindling of the current market now illustrates the close relationship between the global crypto market and the traditional financial markets including money, stock, and bond markets.
While the likes of Bitcoin (BTC) and Ethereum (ETH) are down, the two biggest cryptocurrencies in the world, their performance usually dictates how most cryptos perform.
The potential economic sanctions that Russia could further face after the banning of Russian banks from the Swift financial system, a high-security network that connects thousands of financial institutions around the world, means that digital currencies could become the only option for those affected by the sanctions.
In fact, we’ve already witnessed the impact cryptocurrency has had during this conflict with Ukraine receiving $37m in tracked crypto donations, as well as developers from Polkadot (DOT) and VeChain (VET) donating a further $13m.
The $37m in crypto includes the likes of Bitcoin (BTC), Ethereum (ETH), Tether (USDT), as well as other altcoins.
With cryptocurrency playing a major part in the conflict, we look at three cryptos that are the ones to buy in March.
HUH Token (HUH)
Launched in December 2021, HUH Token (HUH) is a self-labelled ‘utimeme’ that combines the propagational drive of a meme with the functional use of a utility token.
The token burst out the gates, having skyrocketed to a 6,000% rise within the first month of its launch on PancakeSwap.
Since then, HUH released its white paper where it stated its plan for its MetHUH, a virtual social platform where social influencers will be able to engage with each other, as well as communicate with companies for potential partnerships.
Avalanche (AVAX) is a proof-of-stake smart contracts platform and the AVAX token is one of the few top altcoins that has maintained a steady price amid the war between Russia and Ukraine.
The AVAX token is a utility token that acts as Avalanche’s primary medium of exchange. The AVAX staking protects the network and rewards stakers with extra tokens.
Up 21.4% in the past 30 days, AVAX is currently trading at $81.92, with some analysing that continued momentum could cause the coin to rally to the overhead resistance zone at $97 to $100.
Built on the Ethereum blockchain, the platform allows developers to carry out buy-and-sell transactions, develop self-executing programmes.
Avalanche’s mission statement is to create a linked network of blockchains across the globe.
Cosmos (ATOM) is a proof-of-stake chain that enables blockchains to interoperate with each other.
It allows blockchain applications to scale to millions of users with the team’s aim centred around creating an internet of blockchains that can communicate with each other within a decentralised space.
Cosmos’ ATOM token has been performing well in the crypto market of late, with the token trading at $29.21, up 11.1% in the past seven days.
With the rise of the DeFi industry over the last couple of years, there have been big predictions on where Cosmos (ATOM) could be in the next few years, with Wallet Investor’s price analysis marking ATOM to be at $173.331 in 2026.
HUH Official Swap- https://swap.huh.social/