Ethereum

Solana

Injective

Bitcoin

DeFi

Top crypto to buy price prediction: The bullish sentiment in the cryptocurrency market is palpable, with a significant uptick observed across the board. <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> has soared past the $57,000 mark, reaching heights unseen since November 2021. This resurgence has shifted investor focus towards <a href="https://coingape.com/top-layer2-crypto-projects/" rel="noopener noreferrer nofollow">Layer 1 </a>solutions, known for their scalability and efficiency.&nbsp;
As the market gears up for a bullish 2024, Ethereum, Solana, and Injective Protocol stand out as key players poised for the rally in March and substantial growth. Each platform offers unique features that differentiate them from Bitcoin and each other, ensuring their demand remains robust in the evolving crypto landscape.
<h2 id="span-style-font-weight-400-1-ethereum-eth-span">1. Ethereum (ETH)</h2>
Ethereum (ETH), the pioneering Proof-of-Stake blockchain that revolutionized distributed computing with its smart contract functionality, stands distinct in the crypto universe. Unlike Bitcoin or Solana, Ethereum’s primary role transcends that of a mere payment system, serving instead as a robust computing platform.&nbsp;
Ether, the native cryptocurrency of Ethereum, facilitates transactions and rewards nodes for computations, underscoring the platform’s utility-driven ethos.
In an exciting development, the Ethereum network is poised for the <a href="https://coingape.com/ethereum-dencun-upgrade-these-six-layer-2-platforms-to-benefit-the-most/" rel="noopener noreferrer nofollow">Dencun</a> upgrade, slated for March 13. While a commendable step towards improving scalability, this upgrade is viewed as a temporary fix pending a more permanent solution.&nbsp;
Currently in deployment on various test networks, the Dencun upgrade is generating optimistic sentiment among investors and developers alike. At this juncture, <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum price</a> has witnessed a notable price increase, climbing to $3,266, marking a 6% rise in just 24 hours.
<figure id="attachment_182837" aria-describedby="caption-attachment-182837" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-182837" src="https://coingape.com/wp-content/uploads/2024/02/ETH-chart-5.png" alt="Layer 1 Crypto To Buy For March" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/02/ETH-chart-5.png 1644w, https://coingape.com/wp-content/uploads/2024/02/ETH-chart-5-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/02/ETH-chart-5-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/02/ETH-chart-5-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/02/ETH-chart-5-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/02/ETH-chart-5-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-182837" class="wp-caption-text">
 ETH price chart
 </figcaption>
</figure>
This uptrend coincides with the expanding influence of decentralized finance (DeFi) protocols on the Ethereum blockchain, which continues to attract significant investment. The total value locked (TVL) in <a rel="noopener noreferrer nofollow" href="https://defillama.com/chain/Ethereum">DeFi</a> has soared to unprecedented levels, indicating a vibrant and growing ecosystem. This surge in Ethereum’s price and the burgeoning DeFi sector reflect the dynamic and innovative nature of the platform, highlighting its critical role in the broader cryptocurrency landscape.
<h2 id="span-style-font-weight-400-2-solana-sol-span">2. Solana (SOL)</h2>
Solana (SOL) has recently emerged as a standout in the blockchain space, known for its exceptional speed and transaction efficiency. This platform has drawn widespread interest, reflected in its growing ecosystem and appeal for decentralized application developers. With its innovative technology, Solana has become a beacon for investor confidence.
<figure id="attachment_182840" aria-describedby="caption-attachment-182840" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-182840" src="https://coingape.com/wp-content/uploads/2024/02/SOL-chart-5.png" alt="Layer 1s For March" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/02/SOL-chart-5.png 1644w, https://coingape.com/wp-content/uploads/2024/02/SOL-chart-5-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/02/SOL-chart-5-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/02/SOL-chart-5-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/02/SOL-chart-5-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/02/SOL-chart-5-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-182840" class="wp-caption-text">
 SOL chart
 </figcaption>
</figure>
<a href="https://coingape.com/price/solana/" rel="noopener noreferrer nofollow">Solana</a> is experiencing a strong bullish trend, with its value soaring past the $110 mark. The price of SOL stands at $111.39, marking a notable 9% increase over the last 24 hours. The cryptocurrency has successfully established a strong foundation above the $98.50 support level, sparking a renewed uptrend in its market value.
<h2 id="span-style-font-weight-400-3-injective-inj-span">3. Injective (INJ)&nbsp;</h2>
Injective (INJ) is revolutionizing the financial sector with its innovative, open, and interoperable layer-one blockchain. This cutting-edge platform is at the forefront of powering a new generation of DeFi applications. Its offerings include decentralized spot and derivative trading exchanges, prediction markets, and lending protocols.&nbsp;
The network’s ambition doesn’t stop at challenging Ethereum’s dominance but extends to redefining transaction efficiency and cost-effectiveness, where networks like Solana have already made significant strides.
With the introduction of the CW-404 standard, Injective is directly competing with Ethereum’s ERC-404, marking a significant milestone in its journey. This initiative, in collaboration with DojoSwap, merges the advantages of CW-20 and CW-721 standards, particularly emphasizing the burgeoning sector of fractional NFTs.
<figure id="attachment_182838" aria-describedby="caption-attachment-182838" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-182838" src="https://coingape.com/wp-content/uploads/2024/02/INJ-chart-5.png" alt="Layer 1 Crypto To Buy For March" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/02/INJ-chart-5.png 1644w, https://coingape.com/wp-content/uploads/2024/02/INJ-chart-5-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/02/INJ-chart-5-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/02/INJ-chart-5-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/02/INJ-chart-5-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/02/INJ-chart-5-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-182838" class="wp-caption-text">
 INJ chart
 </figcaption>
</figure>
The recent uptick in the cryptocurrency market, led by Bitcoin’s impressive rally, has positively impacted Injective’s valuation. Currently, the<a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/injective/"> Injective price</a> is at $37.50. INJ has seen a 5.63% increase in the last 24 hours alone.&nbsp; This surge reflects growing investor confidence bolstered by the network’s all-time high of $45.13 on January 9, 2024. Investors and enthusiasts closely watch Injective’s trajectory as it continues to carve a unique niche within the DeFi landscape.
<h2 id="span-style-font-weight-400-bottom-line-span">Bottom Line</h2>
As Bitcoin continues its upward trajectory, the spotlight on these 3 Layer 1 projects grows brighter. Their distinct approaches to scalability, efficiency, and utility highlight the diverse potential within the crypto market, promising an exciting phase of growth and innovation in March and beyond.
The post <a href="https://coingape.com/markets/3-layer-1-crypto-to-buy-for-march-as-bitcoin-tops-57000/" rel="noopener noreferrer nofollow">3 Layer 1 Crypto To Buy For March As Bitcoin Tops $57,000</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

3 Layer 1 Crypto To Buy For March As Bitcoin Tops $57,000

Table of Contents

Coingape News Media

Other articles published on Feb 27, 2024

USDC Stablecoin Sees Impressive Growth and International Expansion

Centrifuge (CFG) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Bitcoin ETF Inflows Hit Record High As Blackrock Inflows Soar To New ATH And BTC Surges Towards $57K

Ethereum Breaks $3,200 Barrier as Market Confidence Rises

This Altcoin Announced Its Transition To The Ethereum (ETH) Ecosystem, There Was A Sudden Rise In...

Could Pushd (PUSHD) Become the Best Presale in the Market and Will Bitcoin (BTC) Hit $84K Pre-Hal...

Join our free newsletter for daily crypto updates!