Popular cryptocurrency trader and YouTuber Ben Armstrong shared the top four cryptocurrency selections for March.
Armstrong told 589,000 YouTube subscribers that his fourth-ranked choice of four cryptocurrencies was the cross-chain decentralized finance (DeFi) platform Alpha Finance (ALPHA).
“ALPHA is currently coming in at # 114 on CoinMarketCap, but it will likely return to the top 100 at the end of the month, although not too high. It looks like it’s currently in the middle of a 20% break today. “
Number three is an ecosystem that aims to simplify investing in DeFi: Nord Finance (NORD).
“This is definitely the low-value gem of the month. This is a cryptocurrency, I think we’re running a little ahead… So its market value is below $ 6 million. Nord Finance is, of course, you guessed it, a decentralized finance project, the hottest niche in crypto. NORD is an advanced DeFi ecosystem that is independent of the chain, meaning that it can work on any chain… On the NORD platform, you can manage SMART funds, earn high returns, perform cross-chain exchanges and do all of these at no cost to your transactions. “
Number two on Armstrong’s radar is DeFi payment platform Terra (LUNA). Trader said it could be on the verge of a breakout after a few weeks of consolidation:
“Terra is a DeFi project, programmable money for the internet if you want. Terra has stablecoins pegged to different currencies that allow people to spend their cryptocurrencies without any problems. This is true not only for today and this month, but also for the long term. If it achieves all its goals, it can become the currency of the internet. “
The biggest coin on Armstrong’s watch list is Bitcoin (BTC). The cryptocurrency trader emphasizes that now is the time to start accumulating the leading cryptocurrency.
“Let’s face the facts: Bitcoin is performing much better at this point than we thought we could all do. It started a big boom and a massive move that made it reach almost $ 60,000 before a major retracement at the end of February. While this was bad for our portfolios in the short term, the truth is that the drop at the end of the month was vital for the March bullish move.