The best-performing cryptocurrencies of March 2024

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Throughout March, the broader cryptocurrency market exhibited a predominantly bullish development, with over $250 billion capital injected into the worldwide crypto market cap. 

Among the many distinguished mainstream property, Dogwifhat (WIF), Core (CORE), Jupiter (JUP), Pepe (PEPE), and Floki (FLOKI) distinguished themselves because the standout performers, attaining triple-digit proportion good points. 

Right here’s how these property carried out: 

The best-performing cryptocurrencies of March 2024 - 1
High 5 gainers of March 2024 | Supply: CoinMarketCap

Dogwifhat (WIF)

Newcomer dogwifhat (WIF), a Solana-based meme coin that launched in November 2023, took the highlight this month when it recorded bullish momentum to achieve spectacular value milestones, transforming modest investments into tens of millions.

Dogwifhat’s uptrend started in late February when the cryptocurrency modified fingers on the $0.3 value territory. Buoyed by Bitcoin’s rally, WIF finally breached the $1 value for the primary time in its historical past on March 1, surging to a excessive of $1.33.

The meme coin sustained its run following this milestone, dealing with minimal resistance on the journey to a $3.55 excessive on March 15 regardless of the remainder of the market dealing with opposition. WIF dropped from $3.55 and retraced a number of the good points, consolidating at $2 till March 24, when it resumed the uptrend.

The resumption persisted till the tip of the month, permitting WIF to shut March above $4 regardless of beginning the month beneath $0.4. CoinMarketCap information signifies that dogwifhat rallied 362% this month, making it the perfect performer among the many prime 100 property. 

Core (CORE)

Core launched final February however instantly collapsed after public buying and selling began as a consequence of large selloffs. The asset didn’t get better from this drop regardless of the upward momentum available in the market, which started in October 2023. 

The months of January and February additionally noticed a disappointing underperformance from CORE, with the downtrend extending to March, because the token declined to $0.56 on March 22. Core’s uptrend for March started within the latter a part of the month when it staged a restoration from the $0.56 low.

The token surged 167% from $0.56 on March 22 to a excessive of $1.5 on March 30. Nonetheless, a lot of the good points recorded by CORE came up on March 31, because the cryptocurrency ended the day with an enormous 86% acquire, with a closing value of $2.59. CORE soared 299% final month, representing the third-largest good points for a prime 100 asset.

Jupiter (JUP)

Jupiter, the native token of the Solana-based DEX aggregator of the identical, has had a stellar yr since its debut in January. Following a spike to $0.6, JUP consolidated for a lot of the yr till March, when it began recording delicate value rallies.

This gradual however regular uptrend all through March allowed JUP to achieve $0.98 by March 14, as $1 beckoned. A formidable 27% increase on March 15 noticed the crypto asset hit a excessive of $1.2. Jupiter confronted resistance after hovering additional to $1.61 on March 18, resulting in consolidation.

The cryptocurrency broke above the consolidation part because the month got here to an in depth, ending the month above the $1.7 psychological mark. Jupiter is the fourth-biggest gainer among the many prime 100 property within the final 30 months, up 192% inside this timeframe. The asset has additionally surged 38% in per week.

Pepe (PEPE)

Pepe, the second meme coin on this record, has continued to garner investor curiosity. The uptrend recorded by Pepe this month marked the second time the cryptocurrency dominated social traits, commanding significantly excessive buying and selling volumes.

Pepe’s uptrend lasted for 19 days, permitting the asset to clinch a brand new all-time excessive of $0.00001084 on March 14. This represented an 810% spike from the $0.00000119 value the meme coin noticed on Feb. 24. Like the remainder of the market, PEPE dropped after hitting the $0.00001084 excessive.

Having relinquished the $0.00001 psychological territory to the bears, the cryptocurrency is at the moment consolidating on the $0.000008 stage. Pepe is down 2.54% over the past 24 hours, however maintains a 151% enhance up to now month, sufficient to safe a spot among the many prime 5 gainers.

Floki (FLOKI)

Floki has managed to seal a spot among the many prime 5 gainers for this month, witnessing a value trajectory much like Pepe’s. Each property recorded most of their good points throughout the meme coin mania from late February to early March.

Floki’s preliminary rally noticed it reclaim a excessive of $0.0001742 on March 4. The meme coin retraced and consolidated for 3 days earlier than resuming the uptrend, with a push towards the all-time excessive of $0.00031387 on March 14. A pullback from this peak noticed FLOKI decline to $0.00016.

The cryptocurrency summarily recovered from this correction. Regardless of dealing with an upheaval in its try and reclaim the $0.0003 excessive, Floki has retained most of its good points for March, closing the month with a powerful 302% enhance to change into the second-largest gainer up to now 30 days.

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