January was full of events in the crypto industry: The approval of Bitcoin ETF, the top performances of some altcoins, the growth of the DeFi and NFT markets, and more. All of them have affected cryptocurrency prices in one way or another. And sometimes, not for the better. Some altcoins have also been influenced by Bitcoin. Nevertheless, many crypto traders have a bullish outlook for the future.
So in this article, we’ll take a look at what’s coming up in February.
Bitcoin(BTC)
Many expected the price of Bitcoin to be incredibly high after the ETF’s approval, but expectations were not met. Despite the fact that the price quickly reached almost $49,000, it began to fall just as rapidly after approval. However, the selling pressure continues, and investors are buying up every drop. At the time of the press release, the price of Bitcoin was $40,133, which is not bad, but it has been better.
TradingView Source: WhiteBIT BTC Chart
Crypto trader Sam Mti wrote on his X that:
“Bitcoin is still trading below this previous support level. Until we reclaim it I stick to my plan for lower prices”
In the replies, Crypto Signals account perfectly noted that market dynamics can be complex and unpredictable. Therefore, you should not rely solely on technical indicators.
Most crypto enthusiasts on X are discussing the possibility of a price increase closer to Bitcoin’s halving. But the forecasts are not very good yet. DigitalCoinPrice and CoinCodex believe that the price of Bitcoin will continue to fall to $34,000 in February.
PEPE Coin (PEPE)
PEPE Coin was launched in mid-April 2023 and has gained attention of crypto investors. PEPE coin soared to the top 100 cryptocurrencies by market capitalization in just two weeks. Pepe Coin has no real utility, but it can be used to purchase goods and services on many online platforms. The coin has experienced significant growth and attention, but its future trajectory remains uncertain, and potential investors should approach it with caution and conduct thorough independent research.
Lately, the price of one of the most hyped meme cryptocurrencies has fallen slightly after their sharp rise. The current price of PepeCoin (PEPE) is $0.00000109. The general Pepe Coin price prediction sentiment is bearish now.
According to CoinCodex forecast, the price of Pepe Coin will increase by 10.08% over the next month and reach $ 0.00000121. At the same time, DigitalCoinPrice prediction is more pessimistic. They believe the price of PEPE for February 2024 will be $0.000000901.
WhiteBIT Coin (WBT)
WhiteBIT Coin is a native coin of one of the largest cryptocurrency exchanges in Europe. The token can be used for holding, which provides a range of benefits and privileges, such as increased referral rate of up to 50%, benefit from decreased trading fees, free daily withdrawals of ERC-20 and ETH tokens, and free daily AML-checks. The coin showed significant growth this month, which made its owners very pleased.
CoinCodex forecast shows that price will increase by 4.85% over the next month and reach $ 6.73. CoinDataFlow is pessimistic about the price of the coin in February. They think the price will decrease by -9.44% over the next month and reach $5.74.
Solana (SOL)
Solana has introduced a new feature called “token extensions” that extends the capabilities of its blockchain. These extensions allow developers to populate tokens with their own set of functions, opening up new possibilities for the use of digital assets. Some of the features that token extensions provide include confidential transfers, non-transferable tokens, automatic transfer fees, and the ability to hide transaction amounts with zero-knowledge proofs. The token extensions are designed to attract compliance token developers as well as traditional businesses to the Solana blockchain, as they provide greater control and flexibility over the tokens issued.
Popular crypto trader Jelle believes that “Once that little trendline breaks, the next SOL season kicks off.” Based on Changelly data, it is expected that the value of Solana might be around $99.36. While CoinCodex believes the price will increase and reach $111.09.
Manta Network (MANTA)
The Manta Network is a modular ecosystem for web3 that allows users to build and deploy any decentralized Solidity-based application on Manta and leverage its scalability and security features. MANTA is a native token of the Manta Network used for governance, staking, and transaction fees. The Manta Network technology stack offers several benefits for DeFi applications, including privacy, security, scalability, and governance. The network is designed as a privacy preservation protocol for the entire DeFi stack, providing privacy in the chain for Web3, DeFi, NFT, and other emerging blockchain technologies.
The token has become the most discussed topic over the past month.
Crypto trader Altcoin Sherpa said Manta is a strong candidate to actually be ok in this current market environment. Manta Network (MANTA) price predictions for February 2024 vary, but most sources agree that the price will increase. According to Changelly, the minimum trading cost might be $3.78, while the average price is expected to be around $3.93. Coindataflow forecasts that the price will decrease by -4.94% over the next month and reach $3.30 by February 27, 2024.
Disclaimer* Remember to do your own research and trust verified information
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