There was activity in many altcoins in February.
There was activity in many altcoins in February. We left behind a month with ups and downs due to the fluctuations in the market. According to CoinMarketCap data, the top 5 altcoins among 100 crypto assets in terms of market capitalization in February are as follows;
- Anchor Protocol (ANC)
- Terra (LUNA)
- Waves (WAVES)
- UNUS SED LEO (LEO)
- THORChain (RUNE)
Anchor Protocol (ANC): Anchor Protocol is a lending and borrowing protocol on the Terra blockchain. Anchor is a decentralized money market built on Terra that offers UST (Terra’s USD pegged stablecoin) depositors a stable 20% annual return (APY). Anchor Protocol was the top earning token with 162.58% in February.
Terra (LUNA): Terra is a blockchain network built using the Cosmos SDK and specialized in the creation of stablecoins. No fiat money or over-collateralization is used as a reserve. Instead, each Terra stablecoin is convertible to the network’s native token LUNA. Terra ranked second on the list of top earning coins with a rate of 108.19% last month.
Waves (WAVES): Waves (WAVES) is a blockchain platform for developing different decentralized products and networks such as smart contracts and DApps. The Waves project is a blockchain project that allows users to create and launch custom cryptocurrencies. Waves ranked third among the top-paying tokens last February, with a rate of 105.50%.
UNUS SED LEO (LEO): UNUS SED LEO, a cryptocurrency token running on the Ethereum platform, is a new token designed to extend the capabilities of all platform users and services to iFinex, the parent company of Bitfinex. UNUS SED LEO was among the top-paying crypto assets with 65.31% in February.
THORChain (RUNE): THORChain, which ranked fifth among the top-paying coins with 46.25% last month, according to CoinMarketCap data, is defined as a crypto money project that offers various services in a decentralized and permissionless network. The THORChain project, which provides continuous liquidity pools for users, also allows the trading of cryptocurrencies such as Bitcoin and Ethereum. The project, which provides switching between blockchain networks, can be used on any blockchain network or with crypto currency.
You can examine the most profitable altcoins in the past month from the table:
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