5 Best Altcoins That You Must Watch This February

Bittime - Discover the 5 best altcoins that you should watch in February! Check out performance analysis, price potential and the latest trends for each token.

Altcoin Performance in the Last Week of February

Last week, altcoin performance varied, with some experiencing significant spikes while others were in correction mode. Telcoin (TEL) led the way with an 88% gain, pushing its market cap past $1 billion. On the other hand, Sonic (S) also recorded an increase of almost 40% although it still faces challenges after rebranding.

Litecoin (LTC) is up about 30%, managing to reclaim the $10 billion market cap level, while DeXe (DEXE) is down 11% after a pullback from its early February peak. Meanwhile, ONDO is still in a downward trend but has the potential to recover along with the increase in altcoins in the RWA (Real World Assets) sector.

1. Ondo Finance (ONDO)

ONDO has been on a downward trend for the past seven days; however with the RWA sector starting to gain momentum, there is a possibility of recovery for ONDO. As one of the leading real-world asset tokens, ONDO is closely tied to broader sector trends and could follow the rise of other RWA altcoins.

Prediction Ondo Finance (ONDO)

ok Price Analysis. Source: TradingView/Tiago Amaral.

Although it is currently below its long-term average, the gap between the two is narrowing which could indicate a potential shift in future trends. If the downtrend continues, ONDO has strong support at $1.25 and if it breaks that level it could plunge to $1.

If ONDO manages to regain bullish momentum, it could test the resistance at $1.49 with the potential for further upside to reach $1.66.

Read too How to Buy Ondo Finance (ONDO)

2.  DeXe (DEXE)

DeXe (DEXE), a governance protocol, has fallen 11% in the past seven days, bringing its market capitalization to $1.5 billion. Trading activity is also relatively low with daily volume reaching $7.5 million. This decline occurred when the token experienced a correction after a strong rally earlier this month.

What's DeXe (DEXE)?

Built on the Ethereum blockchain, DEXE reached its highest price since 2021 on February 5. However, after reaching that peak, DEXE was in a pullback phase with selling pressure exceeding buying momentum.

Price Prediction DeXe (DEXE)

DEXE Price Analysis. Source: TradingView/Tiago Amaral.

If the downtrend continues, DEXE could test support at $15.8 and if it breaks that level it could plunge to $13.2—the lowest price since mid-January. Conversely, if momentum turns in favor of buyers, DEXE could test resistance at $19.4 with potential for further upside to $21.8 and $24.1.

3. Litecoin (LTC)

Litecoin is one of the altcoins most likely to gain ETF approval in the US and has risen nearly 30% in the past seven days, with its price now approaching its latest peak. Its market capitalization has reclaimed the $10 billion threshold, signaling renewed investor interest.

Price Prediction Litecoin (LTC)

However, trading volume saw a decline of 22% in the last 24 hours to $1.24 billion, indicating a slight slowdown in market activity despite the strong rally. The LTC EMA line indicates that the uptrend could continue with the short-term moving average above the long-term average.

LTC Price Analysis. Source: TradingView/Tiago Amaral.

If this trend persists, LTC may test resistance at $141 and $147. A breakout above that level could push LTC towards $150 or even $160, marking its highest price since December 2021. If the trend reverses, LTC has an important support level at $110 that could provide protection against further declines.

Read too How to Buy Litecoin (LTC)

4.Sonic (S)

Sonic (S) has seen a nearly 40% surge in the past seven days, bringing its market capitalization back to around $1.5 billion. Despite the strong price rebound, trading volume fell 37% in the last 24 hours to $89 million, indicating that although buying pressure remains, overall market activity is slowing in the short term.

What's Sonic (S)?

Sonic, previously known as Fantom, aims to be the fastest and most efficient Layer 1 EVM by combining speed, incentives and top-class infrastructure. However, since its rebranding, the project has faced challenges with prices still down 63% from mid-December 2024.

Price Prediction Sonic (S)

S Price Analysis. Source: TradingView/Tiago Amaral.

If the current uptrend continues, S could test resistance at $0.60, and a breakout above that level could push it towards $0.65. However, if it loses momentum, S may retreat to $0.47 with the potential for a further decline to $0.37 or even $0.33 if selling pressure increases.

5. Telcoin (TEL)

Telcoin (TEL) recorded an 88% surge in the last seven days, making it one of the best-performing altcoins this week. This increase saw its market capitalization surpass $1 billion and reach its highest price level since December 2021.

This strong rally shows renewed investor interest in the project as TEL emerges from a long consolidation phase. 

What is Telcoin (TEL)?

Telcoin aims to revolutionize remittances by providing an easy, low-cost way to send money globally. Through Telcoin Wallet, users can send fiat remittances to more than 20 countries.

Telcoin (TEL) Price Prediction

If the bullish momentum continues, TEL could soon test the $0.013 level and even extend the rally towards $0.015. 

TEL Price Analysis. Source: TradingView/Tiago Amaral.

However, if the trend reverses, TEL may retreat to $0.0075, with the potential for a further decline to $0.0063 or even $0.0042 in the event of a stronger pullback.

Conclusion

With the interesting developments in various altcoins this February, investors are advised to continue monitoring market movements and the latest news to make the right investment decisions.

FAQ about February's Best Altcoins

1. What are altcoins?

Altcoins are any cryptocurrency other than Bitcoin, such as Ethereum, Litecoin, and Telcoin, that offer different features or purposes.

2. Why is Telcoin (TEL) attracting attention?

Telcoin is up 88% this week thanks to its bullish momentum and focus on fast and cheap global remittance solutions.

3. Is Litecoin (LTC) still worth monitoring?

Of course! Litecoin is up 30% this week, with a potential price test of $150 if the bullish trend continues.

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Reference

Tiago Amaral, Top 5 Altcoins To Watch For The 3rd Week Of February, Accessed February 17, 2025

Author: IN