Cryptocurrencies are digital currencies that are not regulated by any central authority and are volatile. Some days the prices will be up and others they will be down. So it is essential to know which crypto to buy. This article will tell you about 5 of the top cryptocurrencies you should buy in February 2022.
Table of Contents
Bitcoin (BTC) Price Prediction
Apart from the recent jump in bitcoin’s price, there ain’t much to talk about. Out market analysts predict a likely scenario of the market going upward with good volume. Therefore, there’s a good chance bitcoin can follow the below path. However, if the market is not able to hold present levels, we can see a downward move as well.
For more insights read,
Bitcoin On-Chain Analysis 28th Jan to 4th Feb 2022
Bitcoin is Back Above $40K with $50 M Liquidations | Is it a Bubble?
Polygon Price (MATIC) Price Prediction
Polygon’s goal is to transform Ethereum into a decentralized and multi-chain system and build a reputation for developing secure solutions. Polygon combines the best of Ethereum and sovereign blockchains to create a well-documented platform.
Sandeep Nailwal founded it in 2017, and its native coin, MATIC, powers it. It is currently trading at $1.69 with a market cap of 11.8 billion dollars and has a max supply of 10,000,000,000 coins, currently ranking at #14 on CoinMarketCap.
On a 1-week timeframe, MATIC has successfully broken down the Support trendline and is currently trading on a Horizontal support level. The price action is currently consolidating there.
For more insights, visit CoinCodeCap Markets.
Decentraland (MANA) Price Prediction
Decentraland is a 3D virtual reality world running on the Ethereum blockchain. It can be used to vote on many aspects of its world, including some of the most important ones. Users can use it to do whatever they like and enjoy themselves. Decentraland aims to offer a virtual world where you can create and own content.
James Ashton founded it in 2020, and its native coin, MANA, powers it. It is currently trading at $2.69 with a market cap of 4.9 billion dollars and has a total supply of 2,193,855,527 coins, currently ranking at #31 on CoinMarketCap.
On the 1-day timeframe, MANA had been trading in a downtrend. It formed the Descending triangle pattern where the price is currently below the resistance line and near-horizontal support at a crucial level. Therefore, we must wait for a breakout before entering into a position.
For more insights, visit CoinCodeCap Markets.
Aave Price (AAVE) Price Prediction
Aave is a decentralized peer-to-peer payment system based on the Ethereum blockchain. Its use can save you money because fees are lower than using other centralized systems. Aave is a company focusing on trading and blockchain technology. They want to make this easier for everyone and solve all current blockchain problems by making it available to people in a friendly, understandable way.
Stand Kulechov founded it in 2017, and its native coin, AAVE, powers it. It is currently trading at $158.42 with a market cap of 2.1 billion dollars and has a max supply of 16,000,000 coins, currently ranking at #51 on CoinMarketCap.
In the 1-week timeframe, the price of AAVE was skyrocketing. However, despite touching its all-time high, its price started decreasing in a downtrend and has formed out the Bullish Shark Harmonic Pattern, where the price action is currently at its Potential reversal zone level.
For more insights, visit CoinCodeCap Markets.
dYdX (DYDX) Price Prediction
DYDX is a non-custodial Ethereum-based Decentralized Exchanges that allows you to trade using smart contracts. It allows you to trade on borrowed money, amplify gains, or cut losses with leverage. In addition, it uses StarkWare to provide increased security and privacy through its Layer 2 platform. It allows you to access leverage across different positions within different markets, all from one account.
Antonio Juliano founded it in 2017, and its native coin, DYDX, powers it. It is currently trading at $1.59 with a market cap of 11.8 billion dollars and has a max supply of 10,000,000,000 coins, currently ranking at #14 on CoinMarketCap.
On the 1D timeframe, DYDX was trading in a downtrend for a couple of weeks and now has formed the Bullish Harmonic Alt Bat pattern, and the price action is currently at the Potential Reversal Zone level.
For more insights, visit CoinCodeCap Markets.
Closing Thoughts
The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.
Also, read
