Crypto trader and YouTuber Ben Armstrong is naming his top four crypto picks for the month of March.
Armstrong tells his 589,000 YouTube subscribers that his fourth pick is the cross-chain decentralized finance (DeFi) platform Alpha Finance (ALPHA).
“ALPHA is coming in right now at number 124 in CoinMarketCap but most likely will head back into the top 100 by month’s end, if not much higher. It looks like right now it is in the midst of a breakout of 20% today.”
Coming in at number three is an ecosystem that aims to simplify investing in DeFi: Nord Finance (NORD).
“This is definitely our low-cap gem of the month. It’s a coin I think we are front-running a little bit… I mean the market cap is under $6 million. Nord Finance is, of course, you guessed it, a decentralized finance project, hottest niche in crypto. NORD is an advanced DeFi ecosystem that is chain agnostic, meaning it could work on any chain… On the NORD platform, you can manage SMART funds, get high yields, perform cross-chain swaps, and do it all for no cost on your transactions.”
Number two on Armstrong’s radar is DeFi payment platform Terra (LUNA), which he says may be on the verge of a breakout after consolidating for a few weeks.
“Terra, of course, shocker, is a DeFi project, programmable money for the internet if you will. Terra has stablecoins pegged to different currencies that allow people to spend their crypto in a seamless way. This is one not only to keep your eye out for today and this month but also for the long term. If it pulls off all its goals, it could just become the currency of the internet.”
The top coin on Armstrong’s watchlist is Bitcoin. The crypto influencer highlights that now is the time to start stacking up the leading cryptocurrency.
“Let’s face facts: Bitcoin is way outperforming what we all felt it could do at this point. February started out with a bang and a massive move to almost $60,000 before a giant retracement at the end of the month. While this was bad for our portfolios in the short term, the truth is that the end of the month drop was vital for bullish action in March.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Andre Boukreev/Sata Production