Following a brutal bear market for most of 2022 and 2023, the crypto industry finally appears to be gaining its footing again in early 2024. Bitcoin and select altcoins have managed to climb back toward their former all-time price highs, signaling a potential change of fortunes after a prolonged crypto winter.
With positive sentiment returning to the market and buyers regaining confidence, March could prove a momentous month if the following five cryptocurrencies manage to achieve new all-time highs.
Also read: Cryptocurrency: Top 3 Cheap Coins To Buy For Massive Gains In March
Ethereum Eyes $5,000+
As the second-largest cryptocurrency, Ethereum has neared its former peak of $4,891 twice since November 2021 but failed on both attempts.
Currently still about 22% away from that high, ETH may finally be ready to set new records above $5,000 considering the anticipation of the ETH ETF and the awaited Ethereum upgrades.
Shiba Inu Eyes $0.0001
Shiba Inu took the crypto world by storm in late 2021 when it rocketed up over 75,000,000% in a year to reach its current record of $0.000088.
Since then, the meme coin has shed over 57% of its value. However, the recent rally and renewed meme coin optimism could push SHIB above its old all-time high and delete another zero.
Also read: Can Dogwifhat (WIF) Hit $5 in March 2024?
Dogecoin Needs Elon Musk Magic
Another meme cryptocurrency, Dogecoin, reached a peak of $0.73 in early 2021, largely due to the non-stop promotion of Tesla CEO Elon Musk. Doge remains down 77% from those levels. Musk acquiring X and the potential to integrate DOGE payments on the platform could send the original meme coin howling at the moon once more.
Also read: Can Dogecoin (DOGE) Hit All-Time High in March 2024?
Polygon Pursues $3
Boasting strong fundamentals and an array of blue-chip partnerships, Polygon (MATIC) appears an unlikely breakout candidate to recapture its $2.92 record. Polygon’s ecosystem for scaling Ethereum continues to expand at a breakneck pace. As activity on the network surges, MATIC could ride the wave back up beyond $3.
Also read: Will Ripple (XRP) Hit an All-Time High This Bull Season?
Theta Network Seeks $16
Theta Network operates an AI-powered innovative peer-to-peer streaming and edge computing network that powers esports, music, entertainment, and more.
Back above $3, Theta would need a 5x to hit its former top. But with NFT video streaming gaining popularity and Theta launching key updates like TNT-20 tokens, entering uncharted highs looks distinctly possible. With the AI narrative pushing AI cryptocurrencies higher, THETA could hit new all-time highs.