5 Coins To Watch in February 2024 To Generate Profits

With January marking a mixed start for cryptocurrency markets, traders eye several altcoins heading into February, packing developments that could translate into price volatility.

Here’s what you need to know about these five cryptocurrencies to watch in February.

▪︎Horizen (ZEN) with Current price: $8.05;

Though notable for users, analysts say the token’s recent chart trajectory remains decidedly bearish. Prices risk declining a further 30% absent a trendline breakout sparking a reversal.

▪︎Radiant Capital (RDNT) with Current price: $0.2901;

Near-term, analysts expect the launch could propel a rally back toward recent swing highs. But lower support may again give way to further downside without an improved risk appetite.

▪︎Beldex (BNS) with Current price: $0.04372;

The code adjustments also implement a new burning mechanism to gradually reduce the circulating supply. However, bearish chart patterns still forecast potential declines even following the change.

▪︎SKALE (SKL) with Current price: $0.07581;

Analysts anticipate the fee-less transactions as a potential catalyst to lift prices back toward the $.10 resistance level, assuming existing support around $.068 holds in the coming days.

▪︎Injective (INJ) with Current price: $35.05;

The protocol’s native INJ token likely stands to react most explosively should the unspecified dApp manage to capture immediate user attention once details emerge.

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