YEREVAN (CoinChapter.com) — January was a month of many highs and lows as far as the cryptocurrency is concerned. Bitcoin’s (BTC) price surged to around $47,00, a figure last seen in April 2022. The market leader’s two-year price high also propelled other tokens to surge. Ethereum (ETH), the second-largest crypto by market cap, also jumped at the beginning of the month to cross the $2,700 mark. As the new month starts, here are the 3 most bullish cryptos in February 2024.
Retik Finance (RETIK)
Retik Finance, promising innovative DeFi solutions, including DeFi debit cards, may be among the largest gainers this month. Although currently at stage 8 of its presale, the RETIK token has already attracted enough investor attention.
At the time of writing, the project has already raised almost $19 million through token sales. The project has sold 280 million tokens, placing it among the 3 most bullish cryptos.
Even before launch, the token has already proven profitable for early investors. In stage 5 of the presale, for example, the token was priced at $0.070. Each RETIK token currently costs $0.100, with a plan to launch it in Q3 of 2024 at $0.15.
However, should the project reach its target launch price earlier, early investors could see massive returns as RETIK continues its growth trajectory.
Dogecoin (DOGE) among bullish cryptos
Dogecoin (DOGE), the original meme token, remains one of the 3 bullish cryptos for February 2024. Earlier this month, speculation that Elon Musk’s X (formerly Twitter) would integrate DOGE into the platform excited investors.
The news followed the launch of the verified profile of X Payments. With Musk’s electric manufacturer Tesla already accepting Dogecoin for merchandise payments, the stage is set for the token to find utility on X.
The fact that Musk announced in December 2021 that Dogecoin is better suited for transactions than Bitcoin (BTC) gives credit to the public speculations. If Elon Musk integrates DOGE or makes any announcement in February, the token’s price could surge multifold.
Moreover, Dogecoin has a dedicated community that rallies behind the token, helping it retain its position among the top 10 largest cryptos by market cap.
Bitcoin (BTC)
The largest cryptocurrency with a market cap of over $820 billion remains on the list of the 3 most bullish cryptos this February.
2024 is vital for BTC price as the next Bitcoin halving event will take place in April this year. The previous halvings occurred in March 2012, July 2016, and May 2020. The halving will reduce the block reward to 3.125 BTC.
Historically, a bullish wave has followed all previous halvings. Investors looking to capitalize on the inevitable price surge could rush to fill their coffers with more BTC, making it one of the 3 most bullish cryptos in February 2024.
