YouTuber Austin Arnold, also known as “Altcoin Daily” with the channel “Those interested in making money with cryptocurrencies”, prepared a video in March where he compiled his top 8 profitable projects. From NFTs to Ethereum’s strongest competitors, investors have many opportunities to earn profits throughout the month.
Non-Fungible Tokens (NFT) are gaining more interest and demand as it continues as an accelerating industry for investors with long-term goals. For this reason, YouTuber believes that the Polkadot-based exchange Bondly (BONDLY) could be one of the leading platforms for trading these tokens.
The platform was used by Logan Paul, a YouTuber friend who sold millions of NFTs just 24 hours after using the exchange. Like other Polkadot-based projects, Bondly offers decentralized and interoperability, says Paul.
NFTs are still in warm-up mode People are becoming more and more interested in NFTs. And although there will always be ups and downs in the market, I think you can see that NFTs are what people are interested in.
High fees on Ethereum make room for competition
Of course, Cardano (ADA) also enters the Altcoin Daily list. The project, invented by Charles Hoskinson, managed to surpass Polkadot in terms of market value and is currently ranked 5th. With a strong narrative and lower transaction fees than Ethereum and Mary’s activation, ADA will be one of the top choices in March.
Hoskinson also invited Gene Simmons to create his own NFT with the launch of the smart contract platform planned for the second quarter of 2021. According to Altcoin Daily, Cardano could “break the market structure” and jump to all-time highs.
Another cryptocurrency that has a huge plus potential due to improvements is Chainlink. Altcoin Daily said:
The news is, “Chainlink cuts gas costs ten times by initiating the OCR system upgrade.” This is why people are very aware of how gas charges constrain certain networks. Chainlink, which is at the top of Ethereum, reduces gas costs ten times. Of course, this could support the uptrend in March.
In fourth place is Tezos, which will be added to the cryptocurrency services of Bordier & Cie SCma, one of Switzerland’s oldest banks. According to a report, the bank’s customers have increased their demand for cryptocurrencies such as XTZ, Bitcoin, Ethereum, and others.
Then, YouTuber spoke to Polkastarter about the oracle provider Umbrella Networks, a project that has achieved record participation with its First Decentralized Exchange Proposal (IDO). Altcoin Daily said:
The February 9 offer registered 10 times the hopefuls, as there were 2.5 million UMB tokens distributed to only 625 participants at the time of sale, and 1000 randomly selected slots. IDO has collected 72 ETH worth approximately $ 0.25 million.
In sixth place, with the launch of the mainnet soon, this project, the Orion Protocol, will offer its users “advanced solutions for collecting liquidity”. Moreover, the protocol launched a staking calculator and caused a lot of interest in the community.
In 7th place, there is another project with an NFT marketplace SuperFarm (SUPER), which will also facilitate the trading of these tokens. Finally, Ethereum is the last cryptocurrency that could make huge gains with the launch of an ETP estimated at $ 75 million by CoinShares in March. Altcoin Daily said:
Don’t consider Ethereum just because gas fees are high. Because people want to be part of the grid and use it, there are high gas fees.