Top 5 crypto gainers in March 2023 include Stellar, Arbitrum, Hedera, Optimism

Top 5 cryptocurrency gainers in March 2023

The cryptocurrency market has been volatile and unpredictable in March 2023, with many coins experiencing significant price swings.

However, some cryptocurrencies have outperformed the rest and recorded impressive gains. Here are the top five cryptocurrency gainers in March 2023, based on their 30-day returns.

1. Stellar (XLM)

Stellar is a platform that enables fast, cheap, and secure cross-border payments using its native token XLM. Stellar has been one of the best performers in March 2023, gaining 9.32% in the last 24 hours and reaching a price of $0.11.

Stellar has benefited from its partnership with MoneyGram, a global leader in remittance services, which announced that it would use Stellar’s blockchain network to enable cash payouts in multiple currencies. Stellar has also launched a $15 million fund to support projects building on its network.

2. Arbitrum (ARB)

Arbitrum is a Layer 2 scaling solution for Ethereum that aims to improve its speed, scalability, and security.

Arbitrum uses a technique called optimistic rollups, which allows transactions to be executed off-chain and verified later on-chain.

Arbitrum has seen a surge of interest and adoption in March 2023, rising by 9.24% in the last 24 hours and reaching a price of $1.42.

Arbitrum has attracted many prominent projects and platforms to its networks, such as Uniswap, Chainlink, Aave, MakerDAO, and Coinbase .

Arbitrum has also launched its own decentralized exchange called ArbiSwap, which claims to offer lower fees and faster transactions than other DEXes.

3. Hedera (HBAR)

Hedera is a public distributed ledger that uses a novel consensus mechanism called hashgraph, which promises high throughput, low latency, and strong security.

Hedera has been bullish in March 2023, increasing by 6.59% in the last 24 hours and reaching a price of $0.066.

Hedera has announced several partnerships and integrations in March 2023, such as with Standard Bank Group, Africa’s largest bank by assets, which will use Hedera’s network to facilitate cross-border payments and trade finance; with Chainlink Labs, which will provide decentralized oracle services to Hedera’s smart contracts platform; and with Filecoin, which will enable data storage on Hedera’s network.

4. Optimism (OP)

Optimism is another Layer 2 scaling solution for Ethereum that uses optimistic rollups. Optimism aims to provide a seamless user experience and compatibility with existing Ethereum tools and infrastructure.

Optimism has gained 3.98% in the last 24 hours and reached $2.32. Optimism received a lot of attention and support from the Ethereum community in March 2023, especially after Coinbase announced that it would launch its own Layer 2 network for Ethereum using Optimism-based technology.

Optimism has also launched its mainnet beta version, which allows users to access some of the most popular Ethereum applications on its network, such as Uniswap, Synthetix, and MakerDAO.

5. Zcash (ZEC)

Zcash is a privacy-focused cryptocurrency that uses zero-knowledge proofs to enable anonymous transactions. Zcash has performed well in March 2023, rising by 2.37% in the last 24 hours and reaching $38.18.

Zcash has benefited from the growing demand for privacy and security in the crypto space and its ongoing development and innovation. Zcash has recently released its roadmap for 2023-2025, which outlines its vision and goals for the project’s future.

Zcash has also announced that it will implement Halo Arc, a major upgrade to improve its scalability, interoperability, and usability.