As we leave the first month of 2023 behind, analysts continue to share altcoin projects to watch. In this article, we have compiled the cryptocurrencies that various analysts have their eye on for February. However, before we start the article, it is worth noting that all this is just the analyst’s opinion. Every investor should invest according to his own research. Here is a list of altcoins to watch out for as we head into February.
Here are 10 altcoins with profit potential
Polygon (MATIC)
Polygon (MATIC) continued its rise, rising 8% in just one day, following the news that it is collaborating with BitGo, a custody service for cryptocurrencies, and Arkham Intelligence, a blockchain analytics platform. At the time of writing, it is changing hands at $1.18, up 5%. Specifically, according to analyst Ana Nicenko, MATIC showed its strength, rising by 15-30 percent over the seven and thirty days, respectively. On the other hand, it is worth noting that Polygon has signed huge collaborations such as Starbucks and Meta.
VeChain (VET)
As we reported on cryptokoin.com, VeChain (VET) recently took off after partnering with the United Nations (UN) to improve sustainability. Although VET changed hands at $0.024 with an increase of 1.4 percent, it has gained 13 percent in the last 7 days and 57 percent in the last 30 days. The VeChain Foundation has announced that it will use the VeChain Blockchain to help the UN achieve its 17 sustainable development goals (SDGs), demonstrating the real-world utility of the network.
aptos (APT)
The token of Aptos (APT), a relatively new project, has risen 54 percent in the past week. In the last 30 days, it has achieved a huge gain of 466 percent. It was trading at just over $18 at the time of writing, while it was just under $4 a month ago. The project, which aims to offer the world’s safest and most scalable Layer 1 network, attracted the attention of the public with the research article that Binance shared on the coin.
Cardano (ADA)
It is worth noting that the best performing cryptocurrency among the top 10 last week was ADA. The token, founded by Hoskinson, has risen 0.9 percent in the last twenty-four hours, bringing its price to $0.398 at the time of writing. According to some analysts, the coin seems to go straight to $1. It’s unclear for sure if the key level will be surpassed in February, but ADA is showing signs of massive growth next month, according to the analyst.
Ethereum (ETH)
Like Bitcoin, Ethereum continues its strong bullish moves. While the largest altcoin has been lying at the comfortable resistance level of $1,500 all month, a few analysts seem to believe that ETH will hit $3,000 or above before mid-year. Significantly, the token has increased 36 percent in the last thirty days. Given that it has barely said goodbye to 2022 at $1,200, its latest surge has given investors hope. According to some analysts, before the end of February, the token has the potential to exceed $2,000.
Fetch.ai (FET)
Fetch.ai is the coin of an artificial intelligence (AI) project and therefore has gained momentum especially recently. Because ChatGPT, which offers artificial intelligence chat, resonated around the world and all eyes were turned to the field of AI. Considering that the interest in artificial intelligence will continue in the coming period, according to some analysts, FET is a good option for February.
Flow (FLOW)
FLOW, described as “a fast, decentralized and developer-friendly blockchain designed as the foundation for next-generation games, apps and the crypto assets that power them,” is also among the coins to look out for in February. FLOW has forged new projects and significant partnerships in 2022, including one with Meta-owned Instagram.
Mina (MINA)
Finally, Mina has become one of the coins that has attracted great attention recently, as a result of the acceleration of ZK technology. For this reason, this coin is in the focus of some analysts. Mina is a project rich in use case with ZK technology providing solutions to problems in Blockchain. Therefore, according to some, MINA may attract attention due to ZK rollup developments.
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