LIVE3 no-brainer cryptocurrencies to buy in February#Write2Earn
In this article, Finbold looked at the top 100 cryptocurrencies to find three no-brainer problem-solving projects.
We limited our search to the 100 highest capitalized coins for proper risk management amid uncertainties following the Federal Reserve’s recent hint on macroeconomics. However, experienced investors can find real gems among the low-caps.
First, Solana’s (SOL) current valuation is a no-brainer compared to its leading direct competitor, Ethereum (ETH). Solana is outperforming the decentralized finance (DeFi) and Web3 leader in different demand metrics.
For example, Bitcoin and Solana deployed 75% of all NFTs in 2023. Also, SOL climbed the ranks of total value locked (TVL) in DeFi, accumulating over $1 billion in December. More recently, Solana dethroned Ethereum with the highest daily DEX volume, dominating decentralized trading.
Meanwhile, SOL trades at $97.24 by press time, mostly limited by its comparatively high supply inflation. According to CoinMarketCap, Solana has a market value of $42.39 billion.
Chainlink (LINK)
Second, there is Chainlink (LINK), which has a unique proposition of connecting real-world data with the digital realm of cryptocurrencies. The leading Oracle platform could find a huge appeal in the market as traditional finance giants join Web3.
For example, BlackRock sees value in tokenizing real-world assets, which could require Oracle solutions like Chainlink’s. An increased adoption could fuel the demand for LINK, making it a no-brainer cryptocurrency for February.
Pendle (PENDLE)
Finally, Pendle (PENDLE) is our third and riskier no-brainer pick, considering it is a relatively new project. According to CoinMarketCap description:
PENDLE is ranked 96th with a $609.40 million capitalization, changing hands by $2.56 at the time of publication. Notably, cryptocurrency whales like Arthur Hayes are betting enthusiastically in this use case, making the token’s price recently skyrocket.
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