Cryptocurrency prices may perform strongly in February if history repeats itself. Seasonality data shows that Bitcoin and Ethereum often rise during the month. With many coins being down by double digits this year, there are chances that many will rebound. So, here are some of the best altcoins to buy in February to 10x your portfolio.
Summary of the Best Altcoins to Buy in February for 10x Gains
Historical data shows that Bitcoin and altcoin prices typically boom in February. CoinGlass data shows that Bitcoin price has only fallen two times since 2013. It jumped by 43% in the last February. Ethereum has only fallen in one February since 2017. Some key potential catalyst for altcoins in February will be:
Strategic Bitcoin Reserve announcement by Donald Trump.
Potential crypto ETF approvals, especially Litecoin.
Federal Reserve clarity on rate cuts.
Bitcoin Seasonality
The best altcoins to buy for 10x gains in February will be Fartcoin, Grass, and Mantra.
Fartcoin (FARTCOIN)
Fartcoin, the fourth-biggest meme coin on the Solana ecosystem, is one of the best altcoins to buy and hold for 10x gains in February. The main bullish catalyst is that it has formed a rising broadening wedge pattern on the four-hour chart.
This wedge pattern is usually a bearish sign, but there is a likelihood that the Fartcoin will rebound, retest the upper side of the wedge, and move above it. In the future, the Fartcoin price may surge to $2 and then resume the downward trend. This future crash will likely happen in the second quarter when most altcoins crash.
Fartcoin Price Chart
Mantra (OM)
Mantra is another best altcoin to buy with the potential for big gains in February. It has already surged by almost 5,000% in the last 12 months, and charts point to further gains ahead. The daily chart shows that the coin formed a bullish flag pattern, with the flag pole happening in November and the rectangle between December and January.
Mantra price has already soared above the upper side of the bullish flag pattern, meaning that more gains may accelerate in February. Potential catalysts will be:
Fear of missing out (FOMO).
Growth of its Real World Asset Tokenization ecosystem.
Its high staking yield.
Mantra Price Chart
Grass (GRASS)
Grass is one of the cheapest altcoins to buy in February. It has crashed by over 55% from its highest point after its airdrop in November last year. Fortunately, the coin has formed a falling wedge on the 4H chart, with the two lines nearing their confluence level. This could be a sign of a potential rebound in February, especially if Bitcoin and Ethereum bounces back. The initial target will be $3.8875, an all-time high, which is 125% above the current level.
Grass Price Chart
Summary of the Best Crypto to Buy in February
Grass, Fartcoin, and Mantra offer sizable reward potential in February this year. The other notable tokens that may surge during the month are Hedera Hashgraph, Stellar Lumens, Monero, and Pepe.
The post Best Altcoins To Buy: Fartcoin, Grass, Mantra Could 10x Portfolio in February appeared first on CoinGape.
