7 Best Breakout Altcoins to Watch in March 2022

So far, 2022 has brought a lot of volatility, and some severe price drops, as most cryptocurrencies simply continued the crash that started back in mid-November 2021. However, the crypto industry is still managing to hold its ground fairly decently, and we expect that a new bull run could start at some point, even if only temporarily. If you wish to use that opportunity when it arrives, here are our top 7 cryptos that we recommend you keep an eye on.

1. Fantom

The first on our list is Fantom (FTM), which is a DAG (directed acyclic graph) smart contract platform that offers DeFi services to developers by using its native bespoke consensus algorithm. Fantom was developed with a single goal, which is to solve problems associated with smart contract platforms, including poor transaction speeds, which are currently not good enough to satisfy the community demand and developers’ needs.

Fantom’s goal is to overcome the limitations that were set in place by blockchains and smart contracts of past generations, and it does it by trying to find a balance between security, scalability, and decentralization. Historically, it was quite difficult to hold all three to a reasonable standard, as one or more would always have to be sacrificed for the other(s) to thrive. The most secure and scalable systems were not decentralized, and decentralized systems were either secure but not scalable, or scalable but not safe enough.

Fantom aims to resolve this, and since all blockchain trends these days rely on smart contracts, its assistance at solving these matters is crucial for the crypto industry to take the next step. Also, we put Fantom at the top spot because its price recently crashed due to the news that Andre Cronje, one of the most influential developers in DeFi, recently decided to distance himself from crypto. However, Fantom and other projects he worked on are fully capable of running independently of him, which is why we expect the coin’s price to bounce back up fairly soon.

2. Avalanche

Next up, we have Avalanche — a layer one blockchain that serves as a platform for dApps and custom blockchain networks. This particular project is one of Ethereum’s rivals, as it emerged to offer similar services to what you can find on Ethereum, only with greater speed and scalability.

As many are aware, Ethereum has had issues with low scalability and high usage, which led to long processing times, which, in turn, led to massive gas fees. The reason behind this is that higher fees tend to be more attractive to crypto miners, and so those who wanted their transactions processed sooner tried to achieve it by paying more. By improving scalability, Avalanche is eliminating this entire domino effect, offering fast and cheap transactions to everyone.

The project has a unique architecture that consists of three individual blockchains — the X-Chain, C-Chain, and P-Chain. Each of them has its own purpose, and so they split the work between them so that neither of them gets overburdened like Ethereum and Bitcoin do. This approach alone makes Avalanche a viable candidate for a breakout, as many crypto users are switching to different chains that fall under the category of Ethereum alternatives. But, is also has a growing dApp and DeFi ecosystem, which is also worth keeping in mind, which is why we believe that this project has a bright future ahead.

3. Terra

In the third spot, we have Terra — a blockchain protocol that relies on fiat-begged stablecoin to power price-stable global payments systems. The project’s goal is to offer the fastest and most affordable settlements by combining stability and global adoption of fiat currencies with censorship resistance of cryptocurrencies.

Essentially, the project is not too different from the likes of Ripple and Stellar, only it offers much greater price stability, which makes it more useful to those who seek a safer way to harness the advantages of the cryptocurrency industry. This makes Terra a project that is very likely to stick around for the long-term, and potentially be one of the few cryptos that will be used for global payments on a daily basis.

4. Cardano

Halfway down the list, we have Cardano. Cardano has been around for years now, and for the most part, it has been among the top 10 largest cryptocurrencies by market cap due to its expert team, extensive roadmap, and quite a well-established idea of what it aims to achieve. In other words, Cardano was showing a lot of promise since the early days, and as it continued to deliver on those promises, users became a lot more confident about it.

This confidence reached its peak as the project launched smart contracts in October 2021. Suddenly, Cardano’s ecosystem exploded with new projects, including dApps, DeFi protocols, NFTs, and more. Unfortunately, only about a month later, in November 2021, the crypto price crash took place, and it is still keeping the prices from recovering at the time of writing.

In other words, Cardano’s native coin, ADA, is extremely undervalued — not only because it got a lot more use cases after the launch of smart contracts, but also because the launch of smart contracts marked the end of the second of its 5 development eras. In other words, there is a lot to look forward to when it comes to this project, both in March 2022, and in the long term.

5. Ethereum

Next, we have Ethereum. Ethereum is a project that needs no introduction, as it can easily be named the second-most important crypto project ever to be launched. It is the project that invented smart contracts, as well as pretty much every trend that the crypto industry has seen from 2015 to date.

But, while it did start with a bang that ensured its position of the world’s largest altcoin for seven years now, Ethereum is very technologically limited in this day and age. But, it is willing to work on it, and its developers have spent years creating Ethereum 2.0 — an update that will change the way it works completely, and make it much faster, more scalable, more energy-efficient, and alike.

Because of that, we still have high hopes for Ethereum’s future, and with an optimistic outlook in regards to its future, the project is also worth considering right now, when it comes to investments. The fact that Ethereum also didn’t avoid participation in any rally as far as memory reaches is also encouraging, and it indicates that the project is likely to see a massive recovery as soon as the bearish grip loosens, which may yet happen at some point this March.

6. Decentraland

Nearing the end of the list, we have Decentraland, which is one of the oldest — if not THE oldest — metaverse projects that the crypto industry has to offer right now. If you follow crypto trends, you likely know that the metaverse is the newest, hottest topic among crypto/blockchain enthusiasts, and Decentraland is the sector’s leader and an early mover.

It already has a functioning digital world developed, where many have purchased digital plots of land over the years. This land can be bought by buying the NFTs tied to each parcel, and once you secure the NFT — the token and the land are yours to do with them as you please. So far, we have seen many cases of people using this land to develop software, build games, launch digital versions of their businesses, and even organize virtual events and meetups that allow people from all around the world to come together and connect in the most immersive way yet.

Simply put, Decentraland is Bitcoin of the metaverse sector, and as such, we expect it to be the most dominant project for a long time. And, since its community is growing, so is its usage, which means that the project’s token, MANA, could likely skyrocket once the market allows it.

7. Ertha

Finally, in the seventh spot, we have Ertha. Ertha is similar to Decentraland in some regards, meaning that it is a metaverse project that allows users to purchase digital land that comes in the form of NFTs. However, Ertha is a blockchain gaming metaverse that offers users the ability to take over specific roles in its various societies.

The first thing to note is that Ertha offers a digital replica of our own planet Earth, which is split into 350,000 equal plots called HEXes. Each HEX is tied to an NFT, and after you buy it, you become its sole owner. Depending on where the NFT is, it might be more or less expensive. But, once you own it, you can select a role that you will have in the society to which that plot of land belongs.

So, you can become a businessman who will run a corporation and do everything in their power to earn money and outperform competitors. Or, you can be a scholar who will contribute to society through studying and inventing new solutions. You can become a warrior who will defend his country and society, or invade others. Or, you can act as a government official who will help run the country and outperform its neighbors.

The possibilities are many, and it all makes Ertha a very complex and enjoyable game, where players need to change the way they think, and constantly keep in mind things like the economy, military, infrastructure, and alike. This complexity is what makes Ertha very interesting and fun, which is why we believe that the project has a very bright future ahead of it.

Conclusion

Finding the right coin or token to invest in is all that matters for investors and traders alike. However, that is also the most difficult part of investing and trading. The coins listed above are some of the cryptocurrencies that have the most potential to go big in the future, and with a bit of luck, that future might not be too far away.

Of course, we cannot guarantee that they will blow up, nor do we claim that these are the only ones that could go up. There are plenty of cryptos out there that have great potential, and if you wish to look into them, you are more than welcome to. However, this is the list of the altcoins that we have our eyes on, which is why we recommend that you give them a look over, as well.