Looking for the best crypto to buy in February? Cryptocurrencies, despite their volatility, have a long track record of beating traditional assets like stocks and bonds. Look at Bitcoin, which has exploded from near zero in 2009 to over $51,000 today or Ethereum which has surged to $3,000.
People who have bought and held most cryptocurrencies have done better as demand for alternative investments rose. Besides, the total market cap of all coins has jumped from zero in 2009 to almost $2 trillion. This article looks at some of the best altcoins to buy in February.
SingularityNET (AGIX)
The biggest theme in the financial market has been about artificial intelligence (AI), which has helped Nvidia become a $2 trillion company. In a statement this week, the company said that demand for AI chips had jumped to a record high.
There are also signs that AI companies like Google, Microsoft, and Anthropic are seeing robust demand. For example, OpenAI, the owner of ChatGPT has grown into an $80 billion company and its valuation may continue rising.
SingularityNET (AGIX) is one of the best AI crypto to buy because of what it does. The developers have created a decentralized marketplace for AI solutions. Rejuve, one of the biggest parts in the ecosystem, is a platform that offers longevity solutions. Cogito, on the other hand, is using artificial intelligence to provide investment products.
The other parts of the SingularityNET ecosystem are Nunet, Awakening Health, SophiaVERSE, and Jam Galaxy.
SingularityNET’s AGIX token price will likely continue rising as the AI demand jumps. It has already soared by more than 185% from its lowest point this year and by 1,482% from its lowest point in 2023.
Tron (TRX)
Tron is not a cryptocurrency that regularly makes headlines. However, in reality, it is one of the best-performing cryptocurrencies in the industry. For one, the TRX token has jumped to $0.1400 and is sitting at its highest point since May 2021. It has soared by over 2,386% from its lowest point in 022.
Tron is a good crypto to buy because of its strong utility. It has grown to become the second-biggest blockchain in the DeFi industry after Ethereum. Tron is also the most profitable network in the the crypto industry. It has made hundreds of millions of dollars in the past few months.
Tron is also used widely in the stablecoin industry, where it controls a huge market share. Most importantly, it has a long track record of performance. This means that it could rise as buyers target the key resistance at $0.18, its all-time high, which is about 40% above the current level.
Chainlink (LINK)
Chainlink is another great crypto to buy because of its important role in the crypto industry where it offers oracle solutions. It has grown to become the biggest oracle provider in the industry with over $21 billion in Total Value Secured (TVS). It has a big market share considering that it is bigger than the other seven networks combined.
Chainlink also has more utility as it seeks to gain its market share in industries like tokenization and proof of reserves. Tokenization is a big part of the blockchain story as analysts believe that trillions worth of assets will be brought on-chain.
If these predictions are accurate, it means that Chainlink will have a big role in it. Besides, it already has some major partnerships with the likes of ANZ Bank and Swift. Eric Schmidt, the former Google CEO, is also part of its board.
Most importantly, it is possible to earn additional rewards by staking LINK. The most recent data shows that LINK staking rewards stand at over 5%.
