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Top Crypto Picks for February: BTC, SOL & LINK

Considering both risks and potential gains, the media examined several coins and tokens that could be valuable additions to any smart crypto trader’s portfolio like BTC, SOL and LINK.

Claudia Fischer

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Top Crypto Picks for February: BTC, SOL & LINK

Despite a strong start to the year, the crypto market has been on a downturn since January 2024. Even the approval of spot Bitcoin exchange-traded funds (BTC ETFs) didn’t help much in pumping BTC. However, the year holds promise for the crypto industry, with significant events like the Bitcoin halving expected. Many cryptocurrencies are expected to rise in the coming months.

Considering both risks and potential gains, the media examined several coins and tokens that could be valuable additions to any smart crypto trader’s portfolio like BTC, SOL and LINK.

Solana (SOL)

Lately, Solana (SOL) has been performing strongly, with many saying its blockchain and token are at their peak. In December, it surpassed Ethereum (ETH) in NFT sales and gained 600,000 new active users. In January, SOL’s transaction volume exceeded $1 trillion for the first time in years.

Also Read: Ripple Labs Initiates Major XRP Transactions Amid Market Downturn

At the beginning of February, it received $2 billion in inflows in a single day. Fans of odd arbitrage will be pleased to know that after selling out its Saga smartphones, the project team plans to release a second crypto phone.

SOL Price Analysis

Although SOL experienced a slight dip in late December, dropping from over $121 to under $100, it has since regained momentum. In the past month, it has risen by 8.76%, and over the last 24 hours, it is up by 6.47%.

Chainlink (LINK)

Chainlink (LINK) stands out as a decentralized oracle service, connecting smart contracts with real-world data. It’s well-established and has significant growth potential, especially as more traditional companies embrace Web3. Even companies like Vanguard, previously wary of cryptocurrencies, are now joining the crypto market.

LINK Price Analysis

In terms of price, LINK has performed well in 2024. While many cryptocurrencies have seen losses since January 1, LINK has risen by 25.18% year-to-date. Recent trends show continued strength, with a 34.19% increase in the last 30 days, a 19.01% rise in the last week, and a 2.05% increase to $18.70 in the last 24 hours.

Bitcoin (BTC)

Bitcoin started 2024 with high hopes due to its strong performance in Q4 of 2023 and expectations of SEC approval for America’s first spot BTC ETFs. However, it has been struggling since January 1, with its year-to-date performance only recently turning positive.

Over the past 52 weeks, BTC has risen by 95.31%, by 1.48% in 2024, and by 4.22% in the last week. In the last 24 hours, it increased by 4% and is currently priced at $44,666.

BTC Price Analysis

Despite recent challenges, Bitcoin remains a popular choice due to its solid reputation, strong foundation, and optimism surrounding the upcoming halving event, which historically triggers significant price surges.

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