The best-performing cryptocurrencies of March 2024
During March, the broader cryptocurrency market exhibited a predominantly bullish trend, with over $250 billion capital injected into the global crypto market cap.
Among the prominent mainstream assets, Dogwifhat (WIF), Core (CORE), Jupiter (JUP), Pepe (PEPE), and Floki (FLOKI) distinguished themselves as the standout performers, achieving triple-digit percentage gains.
Here’s how these assets performed:
Dogwifhat (WIF)
Newcomer dogwifhat (WIF), a Solana-based meme coin that launched in November 2023, took the spotlight this month when it recorded bullish momentum to reach impressive price milestones, transforming modest investments into millions.
Dogwifhat’s uptrend began in late February when the cryptocurrency changed hands at the $0.3 price territory. Buoyed by Bitcoin’s rally, WIF eventually breached the $1 price for the first time in its history on March 1, surging to a high of $1.33.
The meme coin sustained its run following this milestone, facing minimal resistance on the journey to a $3.55 high on March 15 despite the rest of the market facing opposition. WIF dropped from $3.55 and retraced some of the gains, consolidating at $2 until March 24, when it resumed the uptrend.
The resumption persisted until the end of the month, allowing WIF to close March above $4 despite starting the month below $0.4. CoinMarketCap data indicates that dogwifhat rallied 362% this month, making it the best performer among the top 100 assets.
Core (CORE)
Core launched last February but immediately collapsed after public trading started due to massive selloffs. The asset failed to recover from this drop despite the upward momentum in the market, which began in October 2023.
The months of January and February also saw a disappointing underperformance from CORE, with the downtrend extending to March, as the token declined to $0.56 on March 22. Core’s uptrend for March began in the latter part of the month when it staged a recovery from the $0.56 low.
The token surged 167% from $0.56 on March 22 to a high of $1.5 on March 30. However, most of the gains recorded by CORE came up on March 31, as the cryptocurrency ended the day with a massive 86% gain, with a closing price of $2.59. CORE soared 299% last month, representing the third-largest gains for a top 100 asset.
Jupiter (JUP)
Jupiter, the native token of the Solana-based DEX aggregator of the same, has had a stellar year since its debut in January. Following a spike to $0.6, JUP consolidated for most of the year until March, when it started recording mild price rallies.
This gradual but steady uptrend throughout March allowed JUP to reach $0.98 by March 14, as $1 beckoned. An impressive 27% increase on March 15 saw the crypto asset hit a high of $1.2. Jupiter faced resistance after soaring further to $1.61 on March 18, leading to consolidation.
The cryptocurrency broke above the consolidation phase as the month came to a close, ending the month above the $1.7 psychological mark. Jupiter is the fourth-biggest gainer among the top 100 assets in the last 30 months, up 192% within this timeframe. The asset has also surged 38% in a week.
Pepe (PEPE)
Pepe, the second meme coin on this list, has continued to garner investor interest. The uptrend recorded by Pepe this month marked the second time the cryptocurrency dominated social trends, commanding considerably high trading volumes.
Pepe’s uptrend lasted for 19 days, allowing the asset to clinch a new all-time high of $0.00001084 on March 14. This represented an 810% spike from the $0.00000119 price the meme coin saw on Feb. 24. Like the rest of the market, PEPE dropped after hitting the $0.00001084 high.
Having relinquished the $0.00001 psychological territory to the bears, the cryptocurrency is currently consolidating at the $0.000008 level. Pepe is down 2.54% over the last 24 hours, but maintains a 151% increase in the past month, enough to secure a spot among the top 5 gainers.
Floki (FLOKI)
Floki has managed to seal a spot among the top 5 gainers for this month, witnessing a price trajectory similar to Pepe’s. Both assets recorded most of their gains during the meme coin mania from late February to early March.
Floki’s initial rally saw it reclaim a high of $0.0001742 on March 4. The meme coin retraced and consolidated for three days before resuming the uptrend, with a push toward the all-time high of $0.00031387 on March 14. A pullback from this peak saw FLOKI decline to $0.00016.
The cryptocurrency summarily recovered from this correction. Despite facing an upheaval in its attempt to reclaim the $0.0003 high, Floki has retained most of its gains for March, closing the month with an impressive 302% increase to become the second-largest gainer in the past 30 days.
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