Home » XRP, BTC, ETH… The big winners of the “top 10” in March

XRP, BTC, ETH… The big winners of the “top 10” in March

by Thomas

In the month of March, the cryptocurrency market has picked up some steam. As Bitcoin (BTC) struggles to stay above $28,000, we look back at the best gains in March.

Cryptocurrencies on the rise in March

Among the ten most capitalized cryptocurrencies of the moment, one asset saw particularly notable gains in March: the XRP. The Ripple cryptocurrency saw its price explode by +51% over the past month:

Ripple's XRP price soared in the month of March

Ripple’s XRP price soared in the month of March

This particularly notable rise appears to be related to the case between Ripple and the Securities and Exchange Commission (SEC). Investors are apparently betting on a victory for the San Francisco-based company against the US financial regulator.

Among the other strong gains in the top 20, Queen Bitcoin came in second place. The price of BTC takes +24% on the month, and is apparently in a medium-term trend: it has taken +72% on the first quarter of the year 2023.

Bitcoin price also had a favorable March

Bitcoin price also had a favorable March

Ethereum continues to attract investor interest

Ethereum continues to generate interest as the highly anticipated Shanghai update gets underway. Scheduled for April 12, the update will allow users who have staked their ETH on the Beacon Chain to withdraw them. The ETH price is therefore benefiting from this enthusiasm, and has risen by 15% over the past month.

This does not only concern the native Ethereum asset. Lido Finance’s STETH made its grand entrance into the top 10 most capitalized cryptocurrencies in the middle of March. Lido’s “staked” version, which allows users to bypass the lockdown of their assets, exists alongside the cryptocurrency it represents… Which means that two “ETHs” are now in the top 10 most capitalized cryptocurrencies:

The two

So what is the takeaway from all this? That after uncertain times, and in the middle of a wave of regulation, it is without great surprise that BTC and ETH have the favor of investors. We can also note the return to form of XRP, which is affected but far from being sunk. Its lawsuit could also set a precedent, and give its first major setback to an SEC particularly hostile to the sector. See you in a month to know if these crypto-currencies will have succeeded in consolidating these advantages.

Related Posts

Leave a Comment