Prominent crypto analyst Virtual Bacon revealed his top three cryptocurrency picks likely to outperform the market in March. Topping the list is Polygon (MATIC), as the analyst argues the Ethereum scaling solution remains deeply undervalued compared to competitors despite strong network growth.
Virtual Bacon’s top 3 cryptocurrency picks
Virtual Bacon contends Polygon’s revolutionary interoperability technology, enabling seamless communication between blockchain networks, cements its long-term value. By allowing developers to build cross-chain decentralized finance (DeFi) applications with ease, MATIC solves pressing industry pain points.
The cryptocurrency analyst believes MATIC’s present undervaluation combined with surging network utility could prompt a major repricing towards previous all-time highs above $2.92. He highlighted upside potential in the coming weeks if MATIC reclaims its prior trading range.
Next on the analysts buy list sits rebranded futures decentralized exchange Aevo, formerly known as Ribbon Finance. Although Aevo’s native token RBN increased substantially, Virtual Bacon sees lingering upside given that trading volumes now exceed rivals like DyDx without proper market recognition.
Besides strong platform usage, alluring catalysts in March involve a token airdrop and launch event that could reignite interest in the project. The confluence of positive fundamentals and key announcements could make RBN a breakout candidate during March’s potential market recovery.
Rounding out his top altcoin targets is distributed web protocol Arweave, which finally breached a year-long resistance zone as its native token AR surged after recent ecosystem upgrades. By enhancing network incentives and developer tools, Arweave’s heightened activity propelled AR over 250% in 2023.
With Arweave centered around building the next iteration of an uncensorable, decentralized internet, Virtual Bacon remains steadfastly bullish on AR despite its rally. He anticipates any dips back towards $19–$20 getting bought aggressively by the community in route towards new highs.
