With the larger part of the cryptocurrency sector experiencing a bullish rally, led by the market’s representative, Bitcoin (BTC), crypto traders and investors are curious about the crypto assets that might turn a $100 investment into $1,000 for them during the following month.
In this context, Finbold has identified three such opportunities that could increase their price by 900% in March 2024 and allow their holders to turn the invested $100 into $1,000, should they choose to sell them if/when they advance by this amount and reach the desired target.
#1 Solana (SOL)
One of the obvious first choices is Solana (SOL), often touted as the ‘Ethereum (ETH) killer,’ which has gained prominence with its high-performance blockchain serving as a popular platform for decentralized applications (dApps) and smart contracts and whose token has performed bullishly over the past month.
Indeed, Solana demonstrates strong momentum for further gains with all its movement averages (MAs) in the ‘buy’ zone, suggesting an upward trajectory heading into March. Currently, it is trading at $111.33, up 9.55% on the day, increasing 1.38% over the week, and gaining 12.44% on its monthly chart.
#2 Bitcoin Cash (BCH)
Meanwhile, Bitcoin Cash (BCH), a 2017 hard fork of Bitcoin with a protocol upgrade aiming to fix on-chain capacity issues, has been showing strong foundations for its own growth potential in the near future, itself breaking the MAs on all of the observed charts amid recent massive whale transfers.
For now, BCH is trading at the price of $298.58, recording an increase of 13.09% in the last 24 hours, gaining 11.13% in the previous seven days, adding up to the monthly advance of 22.61%, according to the most recent data retrieved on February 27.
#3 Aptos (APT)
Finally, Aptos (APT), a novel independent high-performance proof-of-stake (PoS) layer 1 project leveraging the Move programming language and the Move virtual machine for application development, is showing promise as well, likewise recording bullish indicators across multiple areas.
At the moment, Aptos is changing hands at $10.08, up 6.77% on the day, increasing 2.24% over the past week, adding up to the accumulated gain of 10.56% on the monthly chart, as per the latest price information obtained by Finbold.
Conclusion
All things considered, the above crypto assets might represent a great opportunity to grow one’s portfolio in March, but it is important to remember that things in this sector can change rapidly, which is why carrying out research and risk analysis is critical before investing.