Top 5 altcoins to watch in February 2023
As the second month of 2023 approaches, the bullish rally on the cryptocurrency market is slowing down, but many digital assets are still doing very well, some better than others, and some making significant progress towards potentially increasing their value in February.
With this in mind, Finbold has analyzed the recent developments around some of the best-performing altcoins on the market to deliver a list of five altcoins that crypto traders and investors should pay attention to during the following month.
One digital asset among the altcoins that continue to capture attention in recent weeks is Aptos (APT), the coin of the novel independent Proof-of-Stake (PoS) Layer 1 project leveraging the Move programming language and Move VM for application development.
Thanks to the backing from crypto projects like PancakeSwap (CAKE), Aptos has been recording impressive gains across multiple timelines, currently trading at the price of $19.35, up 6.73% on the day, 45.27% across the week, and as much as 471.29% on its monthly chart, ranking it as the best monthly gainer.
The token of the Gala (GALA) Games ecosystem has also been riding on the wave of renewed crypto optimism, its price increases aided by the continuous network growth and development, such as the introduction of the GALA token burn mechanism deployed whenever users make purchases on the Gala platform.
At press time, Gala was among the top five monthly gainers, increasing 253.89% over the past 30 days, at the same time growing 18.15% across the previous week, as well as 1.58% during the last 24 hours, currently changing hands at the price of $0.05811.
Threshold (T) might be slightly behind on its daily charts (down 3.48%), but it remains the top gainer in terms of its weekly advances, racing 88.51% over the previous 7 days, as well as 190.91% across the month, placing it in the third place in terms of monthly gains, assisted by the news of its listing on the crypto exchange Coinbase.
Indeed, the native token of the project that aims to provide different threshold cryptography solutions in a fully decentralized manner to the Web3 community and unlock greater utility for cryptocurrencies has received a bullish push on the listing news, at press time trading at the price of $0.04487.
Meanwhile, Solana (SOL) has unveiled details of its native dApp store, which was built specifically for crypto apps on mobile and will be accessible exclusively on the platform’s Saga phone upon launch, bolstering the growth of its coin across multiple charts.
As it happens, SOL was at press time seen changing hands at the price of $24.7, which represents an increase of 2.47% on the day, along with a 1.13% gain over the week, together adding up to the monthly accumulated gains of 152.19%.
Last but not least, the Polygon (MATIC) ecosystem has multiple partnerships and launches planned as it prepares to follow through on an upgrade first announced in July last year, having completed the last testnet for the upgraded Polygon zkEVM in October.
The positive developments have helped MATIC grow 13.04% on its weekly chart, and 48.60% across the month, despite recording a decrease of 3.36% on the day, at the time of publication changing hands at the price of $1.12.
Despite events in the crypto sphere and on the wider macroeconomic landscape constantly looming and affecting the price of cryptocurrencies in either way, the aforementioned altcoins are worth keeping an eye out for in February 2023.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.