Due to the war between Russia and Ukraine, the cryptocurrency industry has indeed been hurt. Geopolitical tensions have caused a lot of volatility in the market.
In the past, inter-country conflict has always affected the traditional financial market. The dwindling of the current market now shows how close the global crypto market is to the traditional financial markets like fiat, stocks, and bonds.
It usually depends on how big a cryptocurrency is like Bitcoin (BTC) and Ethereum (ETH), as these two behemoths represent a form of litmus test to see how other cryptocurrencies are doing.
After Russia’s banks were banned from the Swift financial system, which is a network with high security that connects thousands of financial institutions around the world, it’s been theorised that individuals who were affected by these sanctions may have turned to digital currencies for financial movement.
During this conflict, Ukraine has received $37 million in crypto donations, and developers from Polkadot (DOT), VeChain (VET), and other projects have given $13 million more in crypto donations, too. Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), as well as other altcoins, are all part of the $37 million in crypto in this case:
If you want to buy crypto in March, here is a look at three options that we consider are worth buying.
FIREPIN Token (FRPN)
Corporations and the government are investing a lot of money in the virtual world, which can be seen by the popularity and price of metaverse investments.
Another company called FIREPIN is also interested in this. For future projects in the metaverse, FIREPIN wants to be a reserve currency that is operated by a decentralised autonomous organisation (DAO). The company will operate by using a token called FRPN which will be used to allocate investments in future metaverse projects.
Making games that are fun and interactive is one of the main goals of this game development company. Unlike the other projects listed in this article which has been around for a while, FIREPIN Token (FRPN) has just started its pre-sale.
It could be a valuable and stable part of a portfolio if the people who own this token are smart about their money.
Avalanche (AVAX)
You can make smart contracts on the Avalanche (AVAX) platform, which is a platform that uses proof of stake to for speed and efficiency. The AVAX token is one of the few top altcoins that hasn’t lost a significant amount of its value during the current political climate.
The AVAX token is a utility token that Avalanche uses to for its transactions. The AVAX staking protects the network and gives extra tokens to people who stake. AVAX has gone up about 20 percent in the last 30 days, trading near $80 right now. Some people think that if the coin keeps going, it could reach the resistance zone at around $95 to $100, if it passes this boundary then it could bode well for its upwards movement.
Avalanche’s goal is to connect all of the world’s blockchains together.
Cosmos (ATOM)
Cosmos (ATOM) is also a proof-of-stake chain that lets other blockchains work together.
It allows blockchain applications to be used by millions of people. The team’s goal is to build an internet of blockchains that can communicate with each other in a decentralised way. As of this writing, Cosmos’ ATOM token is trading near $29 on the crypto market, up about 11 percent in the last week. This is a good sign for the token.
With the rise of the DeFi industry in the last few years, there have been a lot of big predictions about where Cosmos (ATOM) could be in the next few years. Wallet Investor’s price analysis predicts that ATOM will be worth $170 in 2026.
Join Presale: https://presale.firepin.io/login
Website: https://firepin.io/
Twitter: https://twitter.com/FIREPIN_io
Telegram: https://t.me/FIREPINOFFICIAL
