Cryptocurrency: Top 3 Coins To Put and Eye In this February 2024
1) Bitcoin
The king cryptocurrency slipped from $48,000 to $42,000 but is holding on to its resistance level. Bitcoin fared better in the charts when the US stock market was on a slippery slope due to the Red Sea crisis in mid-January. BTC could have another leg-up when the financial institutions take another entry position in the cryptocurrency. It is advised to pull out your investments once Bitcoin climbs around the $45,000 level and book profits.
2) Ethereum
Ethereum moves in tandem with Bitcoin and could deliver equal returns to that of BTC. Historically, BTC and ETH have performed well in February, and 2024 could repeat the feat. The cryptocurrency market is firmly placed breaking new resistance levels each week. Therefore, ETH could spike in price this month and it is advised to initiate profit bookings when it climbs up the charts.
3) Shiba Inu
The leading meme currency is currently trading with five âzeroesâ and has more chances of deleting a âzeroâ this month. The Shibarium layer-2 network could burn a series of SHIB tokens that could propel its price in the indices. However, an upward trajectory might not last long as SHIB could head south after the burns. It is advised to sell the token when it reaches four âzeroesâ and jump ship.
