Altcoins

Top Analysts Predict Bull Run for These Altcoins in February While Apecoin Closer to an Explosion!

Author: Qadir AK

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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Story Highlights
  • Crypto space after experiencing dreadful days in 2022, has slightly risen beyond the bearish captivity

  • With the star crypto gaining some momentum, some altcoins have lined up to undergo a major breakout in the next 30 to 45 days

Bitcoin price after surging above $18,000 to mark highs at $18,385 is facing some bearish action, due to which the price has dropped slightly. However, the price of the majority of the altcoins has been inflated to a large extent. The ETH price swelled beyond $1400 while DOGE made it above $0.08. Meanwhile, Polkadot surged beyond $5 & XRP marked the day’s highs around $0.3816.

However, while the speculation of a short-term bounce also hovers the rally, some of the altcoins like APE. DyDx, GMT, and SAND manifest the possibility of a bull run in the coming month.

A well-known analyst, Mac, tells his 348K followers that some of the tokens with 100% inflation are closer to undergoing a breakout in the coming days. 

The analyst mentions 4 tokens, among which Apecoin is predicted to surge and ignite a notable upswing in the next few days. While the other tokens like DyDx, STEPN(GMT), and the Sandbox (SAND) prices are believed to soar high in the month of February. 

However, many speculations have making rounds within the crypto space in recent times. Some believe the current upswing may continue for another couple of months, while other analysts speculate the bullish trap being laid as the markets may be ‘hammered’ very soon. 

Besides, US CPI rates are set to hit the markets any moment from now which is believed to have a major impact on the Bitcoin price as well as the entire crypto space. If the CPI rates come out similar to the predicted at 6.5%, then the markets may enjoy another leg towards the north. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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