March Was A Bright Spot For Crypto Market: Let's Look At The Leading Best And Worst Performers

Let’s Take A Look At Some Of The Best/Worst Crypto Performers From March

A quick look at the crypto market charts from March show us that the month has been positive for the alt-asset industry as a whole. To be a bit more specific, we can see that over the course of the past 31 days, the overall capitalization of this entire sector rose to an extremely respectable valuation of $146.39 billion.

Additionally, it should also be pointed out that while a number of assets gained a lot of value all through last month, there were also projects that lost a lot of market traction. Thus, in this article, we will take a look at the best and worst performing alt-currencies from March. So, without any further ado, let's get straight into the heart of the matter.

The Best Performer: TEZOS (XTZ)

XTZ — the native token associated with the Tezos project — saw a whopping increase of 152% in its value over the month of March. Not only that, during this time period, the project was able to garner almost $472 million worth of investments.

In terms of the currency’s valuation against Bitcoin, we can see that XTZ surged by around 120%.

At this point in the article, it should also be pointed out that a lot of the monetary inflow experienced by XTZ can be attributed to the activity witnessed by US-based crypto exchange ‘Kraken’ over the past few weeks.

Lastly, market analysts have also commented that a large chunk of the bullish trader sentiment in regards to XTZ comes from Coinbase’s recent announcement that it was going to be launching a “block staking program on the Tezos blockchain in the near future”.

Other Key Points Worth Noting

  • The aforementioned staking service claims to generate returns of up to 6.6% for its users.
  • During the month of March, Ravencoin’s RVN token saw an increase of more than 240% in its value — despite showcasing moderate fundamentals.

The Worst Of The Lot: Bitcoin SV (BSV)

While a lot of other altcoins might have financially performed way worse than Bitcoin SV over the month gone by, it should be noted that their market capitalizations and daily exchange volumes were significantly lower than that of Bitcoin SV’s.

When taking a closer look at the matter, we can see that BSV lost around 1.86% last month — however, it losses in comparison to Bitcoin stood close to around the 9% mark. In this regard, a lot of experts believe that the project’s constant trolling of other altcoins, as well as Dr. Craig Wright’s recurring Twitter antics, could have caused the investor community to stay away from BSV completely.

Final Take

In rounding off this article, we would like to point out that since the start of 2019, Dr. Wright has threatened to file a number of lawsuits against individuals who failed to recognize him as the creator of Bitcoin (aka Satoshi Nakamoto). Not only that, but he has also mentioned in the past he possesses the power to “destroy” privacy coins such as Monero and ZCash.

It now remains to be seen what the future has in store for both XTZ and BSV.

Leading Crypto Market Assets Surge: Bitcoin (BTC), Ethereum (ETH), XRP (Ripple) and BCH Coin Price Analysis

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Coinbase and Circle Consortium's USDC Stablecoin is Now Integrated on Solana Blockchain

The Center announced today Solana blockchain as an official Chain for its USDC stablecoin. As an expansion of the “fully-reserved and regulated digital dollar stablecoin,”...

Ethereum Classic & IOHK Team Up to Find Solutions to Prevent 51% Attacks On The Blockchain

The Ethereum Classic Cooperative development team partners with Input Output Hong Kong (IOHK) to counter the numerous 51% attacks on the Ethereum Classic...

OKEx Exchange Resumes P2P Fiat Trading for Chinese Yuan, Indian Rupee, & Vietnamese Dong

Cryptocurrency exchange OKEx announced on Wednesday that it is resuming peer-to-peer (P2P) trading for CNY, INR, and VND fiat pairs from today at 12:00...

SEC Proposes $5 Million Settlement in Kik’s $100 Million Initial Coin Offering (ICO) for KIN

Kik Interactive, the embattled Canadian messaging startup, seems to have finally reached a settlement deal with the SEC regarding its illegal ICO back in...

First UK Public Listed Company, Mode Global Holdings, Converts 10% of Cash Reserves into Bitcoin

What started with public listed company MicroStrategy has now become a movement as more and more companies continue to join the ranks. This month, after...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today