As the entire crypto market continues to be in what has been mostly a bull market for the past four weeks, the crypto community is ecstatic to see what February brings and which cryptocurrencies have the most potential to see a huge surge.
Bitcoin (BTC)
The world’s largest cryptocurrency has been seeing some cool bullish action. After breaching $23,000 sometime a week ago, the king coin came down below the support level and staggered around $22,500 for a couple of days, but as of the time this article was written, BTC has once again crossed over to $23,090, as it makes it way to $25,000.
Analysts continue to be pessimistic, and Bitcoin continues to prove them wrong. Recall that BTC left 2022 hovering around $14,800, therefore it has increased by around 40% in just four weeks. On-chain signals have mostly been bullish throughout the month, and they remain so even at press time. I’d say Bitcoin has the most potential for massive growth next month as adoption continues to be on the rise.
Cardano (ADA)
It is worth mentioning that ADA is the best-performing crypto among the top 10 over the past week. The Hoskinson-founded token has risen by 4.2% in the last twenty-four hours, bringing its price to $0.398 at press time and it seems to be heading directly for $1. While I can’t say for sure that the key level will be breached in February, ADA does show signs of massive growth over the coming month.
Polygon (MATIC)
Over the past thirty days, MATIC has increased by nearly 45%, from $0.7 to $1.12 at press time. The token has a lot of potential for huge growth in the near future as on-chain signals and analyses indicate a bullish run for the token.
Ethereum (ETH)
Like Bitcoin, Ether has also been maintaining strong bullish movements. Although the largest altcoin has been lounging at the comfortable resistance level of $1,500 the entire month, several analysts seem to believe ETH will spike to $3,000 or more before the middle of the year. Notably, the token has increased by 36% in the past thirty days seeing as it bid farewell to 2022 at barely $1,200. Before the end of February, the token has the potential to surge past $2,000.
Was this writing helpful?
No Yes
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.