As we enter the second month of 2023, the price of many altcoin projects continues to rise. In particular, the positive start of 2023 after a very bad 2022 gave hope to the investors. According to some, various altcoins are making significant progress towards potentially increasing their value in February. Here are the five altcoins to watch for next month, according to analyst Ana Nicenko.
The first altcoin on the list: Aptos (APT)
cryptocoin.com As we have also reported, Aptos has started to attract a lot of attention in recent weeks. APT has seen an increase of more than 400 percent since the beginning of 2023. For this reason, it entered the watch list of many people. The project is a new standalone Proof-of-Stake (PoS) Layer 1 network that leverages the Move programming language and Move VM for application development.
Thanks to the support of crypto projects like PancakeSwap (CAKE), Aptos is recording impressive gains across multiple timelines. Altocin has gained 33.7 percent in 7 days, 124 percent in 14 days, and 425 percent in 30 days, changing hands at $17.85 at the time of writing.
Gala (GALA) should be on watchlist
Secondly, Gala (GALA) also rides on a renewed wave of crypto optimism, supported by continued network growth and development, such as the price increases, the introduction of the GALA token burning mechanism, which is activated every time users shop. Currently, it has gained 15 percent in the last 7 days, 14 percent in the last 14 days and 239 percent in the last 30 days. It’s changing hands at $0.055 at the time of writing.
Threshold (T) was also one of the highest-paid altcoin projects
Threshold (T) may be a little behind on the daily charts, but it has gained 82 percent in the previous 7 days and 188 percent over the month. So he remains one of the top earners in terms of weekly progress. Coinbase ranks third in terms of monthly earnings, aided by news that it is listed on the crypto exchange. The T token of the project, which aims to provide cryptography solutions to the Web3 community in a completely decentralized way and bring more benefits for cryptocurrencies, changes hands at $ 0.043.
Some experts are hopeful for Solana (SOL)
Meanwhile, Solana (SOL) has revealed details of its native dApp store, which was created specifically for crypto apps on mobile devices and will only be accessible on the platform’s Saga phone at launch. SOL is currently changing hands at $24.18. The coin has gained 144 percent in the last 30 days.
Last crypto on the list: Polygon (MATIC)
Finally, the Polygon (MATIC) ecosystem has multiple partnerships and launches as it prepares for an upgrade announced in July last year, completing the final testnet for the upgraded Polygon zkEVM in October. Positive developments helped MATIC grow 13.04 percent on its weekly chart and 48.60 percent over the month. Despite events constantly unfolding in the crypto space and the broader macroeconomic landscape affecting the price of cryptocurrencies either way, the aforementioned altcoins are worth keeping an eye on in February 2023.
