Advertisement
AD

Main navigation

What Lies Ahead for XRP, Cardano and SHIB Holders? March Price History Gives Hint

Advertisement
Fri, 1/03/2024 - 10:32
What Lies Ahead for XRP, Cardano and SHIB Holders? March Price History Gives Hint
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

As February fades in the rearview, the crypto market stands witness to unprecedented shifts. Bitcoin's remarkable surge, with a 43.57% gain propelling it to $64,000, set the stage for a dynamic month. Not to be outdone, altcoins excluding BTC and ETH surged, collectively adding nearly $121 billion in capitalization.

Advertisement

But what about the future? XRP, Cardano (ADA) and Shiba Inu (SHIB) holders eagerly anticipate March's unfolding. 

Related
Is XRP Ready to Set Foundation for Golden Cross?

XRP, having added 17.1% in February, stands poised for potential growth. While historical data reveals a median profitability of -1.65% for March, recent years hint at a favorable upswing.

Cardano, basking in a 32.2% surge last month, paints a similarly optimistic picture. With a historical pattern showcasing equal growth and decline, recent years have favored a bullish trend, setting a median profitability of 2.7% for March.

Meanwhile, the meteoric rise of Shiba Inu to 16th place in market capitalization, courtesy of a 42% surge, has investors buzzing. Yet, with its short history, forecasting remains uncertain. Although SHIB experienced a modest gain in 2022 and a slight dip in 2023, March's median profitability of 0.43% provides scant guidance.

""
Source: TradingView

However, caution is warranted. Price history serves as a compass rather than a guarantee in the volatile crypto realm. While trends offer insights, they do not dictate future outcomes.

Related
Whale Banks $3.49M from PEPE, Moves Major Stake into SHIB and Other Coins

For XRP, ADA and SHIB holders, March holds promise, buoyed by recent gains and historical patterns. Yet, as the adage goes, past performance is not indicative of future results. As the new month dawns, investors tread cautiously, mindful of both potential and uncertainty in the ever-evolving crypto landscape.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD