The month of March has been generally bullish for the cryptocurrency industry. Bitcoin’s price increased by slightly more than 30%, while four different coin’s gains have increased by more than 600%.
The ten coins that gained the most in March are:
- DENT – 791%
- CHZ – 771%
- ONE – 661%
- HOT – 639%
- ANKR – 518%
- FIL – 368%
- TFUEL – 360%
- NPXS – 359%
- MANA – 347%
- ENJ – 325%
DENT is a cryptocurrency that operates on the Ethereum platform. It aims to become a digital mobile operator.
It has already developed a marketplace for transactions of assets such as digital sim cards, voice minutes, and mobile data packages. The marketplace has more than 25 million registered users in more than 80 countries.
The DENT application can be downloaded on both the Apple and Google Play app stores.
DENT was listed on the Gate.io exchange on March 23 and on the BKex exchange on March 26.
DENT reached a new all-time high price of $0.1449 on March 23. It is currently setting up to make another attempt at reaching a new all-time high.
CHZ aims to be the world’s leading blockchain provider for eGaming, sports & gaming crowdfunding. It has created Socios.com, a fan engagement platform that is built on the Chiliz blockchain. The blockchain uses the native token, CHZ, as the currency of the platform.
On March 9, CHZ was listed in the Changelly exchange. Later on March 15-17, it was listed three different exchanges each day. On March 15, it was listed on Crypto.com and the next day on the BKEX exchange. Finally, it was listed on DigiFinex on March 17.
On March 19, it reached a partnership with the Manchester City football club. It became the club’s official Fan Token partner.
CHZ has been decreasing since reaching an all-time high price of $0.92 on March 12. So far, it has dropped by 44%.
However, it bounced at the 0.5 Fib retracement level at $0.46 after deviating below it and has been moving upwards since.
Harmony is a blockchain platform designed to assist in creating and using decentralized applications (dApps). The platform uses a sharding protocol to scale Ethereum applications. This technology greatly reduces the time required to validate nodes.
In addition, it has created a node community (Pangaea) in order to address issues of centralization. So far, 640 of the 1000 existing nodes are run by Pangaea.
As for its price movement, ONE reached an all-time high price of $0.224 on March 29. While it is currently trading near this level, it has begun to show weakness in the form of bearish divergence.
The closest support area is found at $0.145.
Holo is a platform that is used for hosting dApps that were built using Holochain. The main goal of the platform is to serve as a bridge between these apps and the internet as a whole.
There were some events for Holo in the month of March, though nothing groundbreaking.
HOT reached a high of $0.020 on March 30, but has decreased slightly since. The high was made right at the 3.61 external Fib retracement of the most recent drop. The next resistance are would be found at $0.023.
ANKR aims to provide an easy solution to node hosting by utilizing shared resources. When compared with other public cloud providers, it allows developers to deploy nodes at a much cheaper prices.
In addition, ANKR supports more than 40 blockchain protocols for developing or staking purposes.
ANKR had interesting developments in the month of March:
On March 5, it was listed on the crypto.com exchange, while on March 23, it was listed on Coinbase.pro On March 12, it reached a partnership with JulSwap. This was done in order to allow the latter to build on the Binance Smart chain.
ANKR has been decreasing since reaching an all-time high price of $0.216 on March 28. It seems to have completed a bullish impulse.
Currently, it has bounced at the 0.382 Fib retracement support level.
Filecoin is a decentralized storage system. Unlike current cloud storage companies, Filecoin uses its decentralized nature and cryptographic proof in order to protect consumers information. In addition, people are the caretakes of their own data, which is easily retrievable.
FIL reached a high of $170 on March 31.
Theta Fuel (TFUEL)
TFUEL is one of the two tokens native to the THETA blockchain. TFUEL is the second token on the blockchain.
The main use case for TFUEL is in data delivery, decentralized video streaming, and edge computing.
There are three main appeals for TFUEL in regards to video, data and computing:
- Better streaming quality for viewers.
- More earnings for content creators.
- Increased savings for video platforms.
On March 13, TFUEL was listed on the BKEX exchange.
TFUEL has been decreasing since reaching an all-time high of $0.568 on March 24. However, it is still trading above the $0.40 support area.
Pundi X (NPXS)
Pundi X is a blockchain-based payment solution, which has so far launched two products:
- XPOS – This allows for seamless transactions using the native currency, NPXS.
- XWallet – This allows customers to own their digital assets while also enabling them to receive and send numerous assets without fees.
In addition, it has released BOB, the first blockchain phone.
NPXS reached a new all-time high of $0.009 on March 31.
Decentraland is a virtual reality platform, which enables users to both create and monetize content. Users can purchase and then build upon it in the Decentraland builder.
MANA is one of two tokens (along with LAND) that are used in this platform. It is used to purchase numerous items, such as wearables and avatars. This is done in the Decentraland marketplace.
In March, MANA was listed on four different exchanges:
Also, Grayscale announced on March 17 that they had created an investment trust for MANA.
On March 14, MANA reached an all-time high price of $1.21. After dropping, MANA made another breakout attempt but has begun to generate weakness.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is a cryptocurrency that is used to back the value of NFTs. It allows the tokenization of in-game items. The native token, ENJ, backs each token minted with the Enjin platform.
Furthermore, on March 29, it was listed on Supercharger, a liquidity mining platform.
ENJ has been moving downwards since March 15, when it reached a high of $3.08. However, it has broken out from a descending resistance line.