A Guide Into The Five Best Cryptocurrencies To Invest In March Madness

With a rich history spanning 80+ years and 68 teams with enchanting gameplay, March Madness is one of the biggest sporting events. As a result, many investors find it an appealing investment prospect with great March Madness picks. As the crypto market expands, so does interest in investing in digital assets during March Madness.

With so many alternatives, it’s critical to select the best cryptocurrency to invest in the event. This process necessitates investigation and analysis to find the crypto with the most potential for success. To achieve the best return on investment, it’s crucial to consider variables like market capitalization, liquidity, and trading volumes.

Why spend ages doing all that work? Check out our expert-picked recommendations and find the best cryptocurrency to invest in March Madness.

1. Bitcoin: Best Cryptocurrency to Invest in March Madness Overall

It’s no surprise that Bitcoin is one of the best cryptocurrencies to invest in for March Madness. This digital currency is, by far, the most valuable cryptocurrency, with a market cap of $426 billion.

Its value has risen dramatically over time. In 2016, one Bitcoin was roughly $500. It’s now worth more than $22,000 a piece, marking a 4,400% gain.

Bitcoin is an appealing investment option due to its decentralized structure, secure network, and capacity to facilitate fast and cheap payments. As more individuals and enterprises use Bitcoin, its value will likely rise.

Also, the emergence of new technologies, such as the Lightning Network and other scaling solutions, may boost its worth even further.

2. Ethereum: Most Versatile Cryptocurrency

Despite its dominance, Bitcoin has nothing on Ethereum regarding growth rate. With a  market valuation of $189.7 billion, Ether is the second most valuable cryptocurrency. In 2016, one Ethereum was about $11, with the current worth exceeding $1550, signifying an over 14,000% increase.

The evolution of Ethereum’s blockchain makes it possible for purposes other than payments. Ethereum is now an excellent choice for creating smart contracts, decentralized apps, and new financial products. As a result, demand is skyrocketing, and prices are rising, making it an appealing investment option for March Madness.

3. Litecoin: Best Cryptocurrency for Those on a Budget

Not ready to break the bank for Bitcoin or Ethereum? Litecoin is a good low-cost investment option for March Madness in 2023. It has a $6 billion market capitalization, and its value is up significantly from 2016 when one Litecoin was roughly $3.86. Litecoin is currently worth more than $90, signifying a 2,300% increase.

Its top benefits over Bitcoin and Ethereum are lower transaction costs and more rapid transaction rates. Transactions on Litecoin are more than 100 times cheaper than on top rivals like Bitcoin. It is also four times faster than Bitcoin.

4. Tether: Best Stablecoin to Invest in March Madness

With a market cap of $69 billion, Tether is one of the most popular stable coins in the crypto market. It allows you to invest in digital assets without exposure to the price volatility of other cryptocurrencies.

Tether shares traits of traditional currencies, such as backing by a reserve of traditional assets and getting pegged to a fiat currency. As a result, it is an excellent choice for anyone seeking a reliable investment throughout March Madness.

Tether is also appealing because of usage simplicity and the quickness and reliability of transactions. Its allure stems from its low-risk nature, which provides an excellent store of wealth, medium of exchange, and unit of account.

5. Binance Coin: Fastest Growing Cryptocurrency to Invest in March Madness

Are you hoping to profit from enormous returns? Binance Coin is a fantastic option. The native cryptocurrency of the Binance exchange has a market valuation of $46 billion. Since its inception in 2017, this digital currency has grown rapidly, with one coin originally roughly $0.10 now selling at $297, marking a 297,000% increase.

Binance Coin has grown in popularity due to its utility, which provides traders with discounts on trading fees, staking incentives, and other benefits. Furthermore, its significant liquidity, cheap transaction fees, and excellent security make it an appealing investment alternative.

Conclusion

The cryptocurrency market is continuously changing, and deciding which cryptocurrencies to invest in for March Madness can be challenging. However, by thoroughly researching each coin and its potential for success, you can land on a worthwhile option.

Bitcoin, Ethereum, Litecoin, Tether, and Binance Coin are all attractive investments with significant potential returns. We hope our detailed guide helped you make a decision.