Forbes’ Top 10 Cryptos for March 2024

Forbes also recommends stablecoins like USDT and USDC for investors cautious of market fluctuations.

Forbes, a reputable publication for billionaires, has just published a list of the ten most promising cryptocurrencies for investment in March 2024.

The digital assets were ranked according to their market valuation in cryptocurrencies, with Bitcoin and Ethereum occupying the top positions.

It is noteworthy that Shiba Inu, despite its meme-inspired origin, made the list, as Forbes’ advisors consider the asset to be investment-worthy.

According to advisors at Forbes, as of March 5, 2024, Shiba Inu had a market capitalization of $24.4 billion and a price greater than $0.00004.

This occurrence underscores the increasing mainstream interest in SHIB, as prominent financial platforms, including Forbes, have acknowledged the token’s potential.

It is worth mentioning that the Forbes article follows closely after Shiba Inu prices surpassed levels not seen since the bull market’s peak in 2021.

SHIB, in particular, reclaimed the $0.00004534 price level on March 5, having risen 378.11% from its nadir of $0.000009483 in less than eight days.

As a result of this meteoric price increase, Shiba Inu is now positioned among the ten most prominent cryptocurrencies.

Significantly, the price of Shiba Inu has declined since its all-time high on March 5. Currently trading at $0.00003222, SHIB has experienced a significant decline of 8.42% over the past twenty-four hours, reflecting the overall bearish trajectory observed in the market.

Forbes’ Recognition of Shiba Inu and Dogecoin

It is worth mentioning that Shiba Inu and Dogecoin are the sole meme-inspired digital assets to be included on the reputable publication for billionaires’ March list of commendable investments.

The reputable publication for billionaires noted the comedic origins of Dogecoin but recognized its subsequent evolution into a legitimate investment alternative in the cryptocurrency industry.

Forbes nevertheless identified a possible red flag for DOGE. It was explicitly noted that Dogecoin, unlike many other cryptocurrencies, does not have a supply limit, which exposes the asset to the risk of depreciation as its supply increases.

As of the moment of writing, DOGE is trading at $0.1678, reflecting a daily decline of more than 6%.

Several additional assets that the reputable publication for billionaires considers investment-worthy in the burgeoning bull market have been identified. XRP, BNB, Solana (SOL), and Cardano (ADA) are some examples.

Furthermore, Forbes emphasized the viability of stablecoins USDT and USDC as investment options for those who exercise prudence towards significant market fluctuations.