If you’re looking for a few altcoins to watch in the coming year, check out this list of the top 3 cryptos!
As the end of the first month of 2023 approaches, the cryptocurrency community mainly focuses on the popular Bitcoin (BTC) and Ethereum (ETH). However, many affordable assets are worth considering. AltcoinOracle has evaluated these cryptocurrencies and identified the top 3 with good qualities for success in this price range. It’s recommended to keep an eye on these in February.
Top 3 Cryptos
Many investors have their eyes on Cardano (ADA), the crypto protocol with the highest development activity. The project’s team has several updates in store for their users, including Djed stablecoin, which is live now. In addition, Plutus smart contracts are also scheduled for an upgrade in February.
Cardano is rapidly becoming an attractive investment option as it recently unveiled the world’s first-ever smart contract in a Pythonic programming language. Furthermore, eTukTuk, a blockchain-based electric vehicle (EV) project, was launched on Cardano’s platform, making it one of the most promising investment options out there right now.
Furthermore, Cardano’s continuously evolving technology makes it an exciting choice for many investors who want exposure to innovative projects and cutting-edge developments across various industries, such as automotive and finance. With its impressive track record in launching projects ahead of schedule and providing users with features that meet their needs effectively and efficiently, Cardano is worth keeping an eye on in 2023!
XRP, the cryptocurrency at the center of a lawsuit between Ripple and the SEC, is likely to experience a significant reaction to the final verdict, given its close association with the blockchain company. Currently, the odds are in Ripple’s favor. With a market capitalization of over $20 billion, XRP ranks as the sixth-largest digital asset after receiving a $1 billion boost in 24 hours. Currently, XRP is trading at $0.41, with a 3.42% decrease in the last 24 hours but a 17.24% increase over the month.
Dogecoin (DOGE) has also been performing well, showing that 60% of Dogecoin holders are profiting at the current price, compared to 37% in loss and 3% breaking even. DOGE is considered one of the most undervalued assets in the cryptocurrency market. It was the second-best performer among the top ten cryptocurrencies by market cap in 2022, declining only 54% over the year, making it a token to keep an eye on in February.
As of press time, the price of this meme token is $0.08416, representing a 4.71% decrease on the day and a 3.22% decrease over the week, but an 11.34% increase compared to 30 days prior. Smart investors shouldn’t limit themselves to small market cap assets, but these cryptocurrencies are certainly among the most promising to consider investing in during February 2023.
It’s important to note that investing solely in assets that cost less than $1 is not a wise strategy. However, the top 3 cryptocurrencies identified by AltcoinOracle as the most promising to invest in during February 2023, despite their low cost, should be considered.