The cryptocurrency market witnessed a significant upswing which has taken many assets close to their 2021 highs. The latest market rally is likely due to increased inflows into spot Bitcoin (BTC) ETF (Exchange Traded Fund) products, which the US SEC (Securities and Exchange Commission) approved in January this year. Investor sentiment is also the highest we have seen since the 2021 bull run.
With that said, let’s take a look at three assets that could potentially deliver 30% profits this month.
Top 3 cryptocurrencies that could deliver 30% profits in March
Ethereum (ETH):
Ethereum is the second-largest cryptocurrency by market cap. ETH, following BTC’s path, has seen a significant price spike over the last few weeks, rallying by almost 16% in the weekly charts and more than 66% over the previous month.
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Moreover, ETH is down by around 19.7% from its all-time high of $4,878.26, which it attained in November 2021. There is a chance that ETH could reclaim its 2021 peak this month. If so, investors may see upto a 30% rise in profits.
Dogecoin (DOGE):
Dogecoin (DOGE) is the original memecoin and has seen a significant price spike over the last few weeks. The asset has surged by almost 39% in the weekly charts, and more than 111% over the previous month.
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There is a possibility that DOGE will continue its bullish outlook till the end of this month, if not more. If the popular cryptocurrency can deliver a similar performance as it did in the week before, investors may benefit from a 30% profit.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. Moreover, the asset is one of the best-performing coins over the last week. SHIB’s price has rallied by 168% int he weekly charts and 286.7% over the previous month.
SHIB, like DOGE, could continue its rally and hit a new two-year high this month. If the asset can continue its current path, investors may witness a 30% profit on their investments.