This Crypto Row Potentially Strengthens in the First Week of March 2022

This Crypto Row Potentially Strengthens in the First Week of March 2022 – This Crypto Row Potentially Strengthens in the First Week of March 2022

The crypto market has performed quite well starting the first week of March 2022. Although it has been under pressure in recent weeks due to Russia-Ukraine geopolitical tensions.

Tokocrypto trader, Afid Sugiono said, in the midst of market conditions that are considered to be recovering, there are several cryptocurrencies that need attention because they have the potential to strengthen during the first week of March 2022.

The following is a list of cryptocurrencies that have the potential to strengthen according to Afid, Wednesday (2/3/2022):

1. EOS (EOS) 

EOS is the native cryptocurrency to support the EOS.IO blockchain project. Meanwhile, EOS.IO operates as a smart contract platform and decentralized application (DApp) developer.

Afid said, EOS has the potential to be bullish this week because it is rumored to be carrying out the first stage of updating its blockchain network called Mandel. The rollout will be gradual from March 1, 2022, will release the trial network Mandel 3.0.

“Mandel is an update of the EOS blockchain in the form of a Hardfork. This update is rumored to be increasing the efficiency of EOS and making it faster to process transactions. As a result, EOS gets a positive sentiment that brings its price higher,” said Afid.

2. Verge (XVG) 

Verge (XVG) is an open-source decentralized crypto asset that claims to enable 100% anonymous transactions by obscuring the location and Internet Protocol (IP) address of the transacting party.

Verge has similarities with Bitcoin because it uses the concept of Proof of Work (PoW). The Verge Coin is much more scalable than Bitcoin, as it can process a maximum of 100 transactions per second, with Bitcoin only being able to manage 7 transactions.

Afid sees the bullish potential of XVG because there will be a Block Reward Halving on March 8, 2022. This attracts investors so that the value of XVG will increase in the future.

3. Celo (CELO) 

CELO is a native asset of the Celo blockchain ecosystem. The project aims to introduce the convenience of decentralized finance (DeFi) to unbanked smartphone users worldwide.

The CELO token is designed to facilitate transactions and governance processes on the platform. The positive sentiment that makes CELO potentially bullish this week is the news of Celo’s second Hardfork called Espresso and will be activated on March 8, 2022.

“At a high level, Hardfork Espresso makes Celo fully compatible with the latest upgrades to the Ethereum network. In addition, the changes will allow awesome dapps like Orchid and Superfluid to work on Celo after Espresso activation,” said Afid.


This Crypto Row Potentially Strengthens in the First Week of March 2022

4. Kava (KAVA)

Kava is a DeFi platform that allows users to borrow and borrow their crypto assets without involving financial institutions and other intermediaries. KAVA as a utility token and native token governance created by the DeFi Kava ecosystem, which is well known for its lending capacity.

Afid said the price of KAVA could rise due to the news of the integration of the ecosystem on its platform which is predicted to be released on March 8. Although information about what ecosystem will join is still closed.

“Kava Network will combine the two largest decentralized ecosystems in one Layer-1 blockchain network. Alpha release is expected on March 8, but it is not known which ecosystem will join. However, investors are already preparing to enter the KAVA price hike,” he said.

5. Polkastarter (POLS)

Polkastarter is back on the list of potentially bullish crypto assets. Afid sees the reason because Polkastarter will launch its first sale of NFT land on Cryptoverse, a virtual world built with Unreal Engine 5 on March 8.

“The value of POLS is expected to rise due to news that Polkastarter will start selling virtual land in the form of NFT in the Cryptoverse world, a 3D Metaverse concept built with Unreal Engine 5 technology. This makes investors excited,” said Afid.

POLS itself is the native utility token of the Polkastarter platform and plays a number of roles in its ecosystem. POLS will be used as a payment token to purchase virtual land in the form of NFT in the Cryptoverse later.

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