Top 3 Crypto Narratives to Watch in the Second Week of March
As we head into the second week of March, three crypto narratives are capturing the attention of investors worldwide: Perpetuals, Made In USA coins, and meme coins. Each of these categories presents unique opportunities and challenges that could shape the market in the coming days.
Perpetuals tokens like HYPE and WOO have experienced a dip of over 12%, but signs of robust trading activity and promising revenue suggest a potential rebound may be on the horizon.
Made In USA coins, including PI, ADA, and HBAR, have faced significant losses amidst market turbulence. However, a potential recovery could be in sight if market conditions stabilize.
Meme coins have been under pressure recently, but their past resilience and ability to quickly bounce back indicate that they could spearhead the next market rally if investor sentiment shifts.
Perpetuals Reviving
Perpetuals tokens are showing signs of a comeback after a challenging week. Notably, HYPE and WOO have seen a decrease of more than 12% in the past seven days. Perpetuals platforms facilitate the trading of perpetual futures contracts, which do not have an expiration date.
These platforms utilize a funding mechanism to maintain contract prices in line with the spot market while allowing traders to take leveraged long or short positions.
Despite the recent setbacks for some perpetuals tokens, the sector remains active, with substantial trading volumes and fees being generated on key platforms.
Leading the pack in the perpetuals space is Hyperliquid, which raked in an impressive $12 million in fees over the past week, surpassing renowned DeFi apps like Jito, Maker, and Solana.
Nevertheless, the dominance of Hyperliquid also suggests room for competitors like Arkham to emerge and challenge its position, with a notable 14% surge within 24 hours. This evolving landscape makes perpetuals a focal point in the crypto world this week.
Made In USA Coins Facing Challenges
Major Made In USA coins have undergone significant losses recently, with PI plummeting by 22.6% and ADA and HBAR both experiencing an 18.9% decline. These coins are associated with strong US ties, whether through their founding teams or headquarters.
The recent downturn aligns with broader market weaknesses, as both the crypto and stock markets have been impacted by recent events, including a substantial $4 trillion stock market drop following new tariff announcements.
However, history shows that sharp declines often pave the way for robust recoveries, especially when macroeconomic concerns ease. If sentiment improves and market conditions stabilize, Made in USA coins could be poised for a rebound.
Meme Coins – High Volatility, High Potential
Meme coins continue to be a roller coaster ride in the crypto world, known for their extreme volatility. Despite recent setbacks, meme coins like DOGE, TRUMP, PEPE, and BONK have demonstrated resilience in the face of market fluctuations.
While DOGE leads the pack with a 17% decline in the past week, these assets have the potential for rapid recoveries and explosive gains during bullish phases.
If the broader crypto market experiences a resurgence, meme coins could lead the charge with significant recoveries, fueled by speculative interest and retail participation.
Stay tuned as these top three crypto narratives unfold in the second week of March, shaping the future of the digital asset landscape.