Sentiment within the broader crypto market has been very slow in recent days. Investors have assessed risk carefully, so this might not be the best time to buy. But despite this, there are still many altcoins in March for you to consider. Here’s why:
The best time to buy crypto is when investors are scared and selling.
The drop we have seen in many coins gives you the perfect discount.
The short-term downside risk are going to be reduced in the long run.
So, if you’re thinking of acquiring some altcoins to shore up your crypto portfolio, here are the three best coins you ought to keep an eye on:
Filecoin (FIL) has been mostly sideways in recent days. But the long-term fundamentals of this coin are very strong.
Filecoin hopes to make a decentralized storage system to help support the future of the internet. At the time of writing, FIL, the default token, is trading at around $17.92. The coin also features a market cap of $3.1 billion.
It’s been a tough week for Fantom (FTM). The coin has experienced an enormous sell-off after one of the main developers announced that they would be stepping down. FTM also experienced an enormous decline in TVL.
In seven days, this coin has fallen by almost 30%. But FTM has always been one among the most promising assets in DeFi, and its recent downturn is that the opportunity to buy it cheap. At press time, FTM is trading around $1.2.
Anchor Protocol (ANC)
The Anchor Protocol (ANC) is additionally another crypto asset that has fallen sharply over the past few days. The coin is down nearly 45% within the last week alone. this is often a big drop and although the ANC may not recover soon, within the longer term, we’ll see some positive price movement. This token is selling for $3.22 now.