The crypto market will face the volatility of price movements, which tend to be less stable than last week. One of the causes of sentiment to crypto price movements this week is the news of Russia-Ukraine tensions. Visit jguru.com for more information.
Most investors try to buy tangible assets instead of cryptocurrencies in a Russian military attack on Ukraine. This step is also in anticipation of the high inflation rate in the United States because there are calls for a faster increase in US Federal Reserve interest rates.
Investors must be more careful in their investment actions in this volatile crypto market situation. Here’s a list of five bullish crypto assets in the third week of February.
1. Mina (MINA)
Many analysts think “Mina Protocol” (MINA) is one of the most advanced cryptocurrencies on the market. It is built on a solid blockchain technology foundation and is suitable for long-term investments. MINA is similar to Bitcoin; apart from handling transactions, it functions as a utility coin and medium of exchange.
Tokocrypto trader Afid Sugiono in his research said that the MINA crypto has the potential to be bullish this week. As of February 15, 2022, the movement of the MINA value has increased by around 19 percent.
“For MINA, there will still be a potential increase this week because it is already listed and can be traded on the FTX Exchange as of February 15, 2022,” said Afid.
MINA’s current rating on CoinMarketCap is #84, with a market cap of US$ 1,042,129,174. The circulating supply is 378,332,077 MINA coins, and the maximum supply is unavailable. Coinmarketcap is a great source where you can find charts and statistics.
2. Alpaca Finance (ALPACA)
Alpaca Finance is a lending protocol on the Binance Smart Chain for leveraged farming. ALPACA is the native token of the Alpaca Finance platform and plays a vital role in maintaining and sustaining the ecosystem due to its governance and utility tokens. Alpaca Finance will likely be bullish, as it officially launched on the Fantom Blockchain as part of its ecosystem on February 15, 2022. Afid sees this as a positive sentiment that can encourage interest in the ALPACA token to rise. “This token operates on the Binance Smart Chain, but seeing the growth of Fantom, this collaboration seems to be a strategic step to increase the number of users,” said Afid.
ALPACA’s current ranking on CoinMarketCap is #531, with a market cap of US$56,103,706. The circulating supply is 141,603,872 ALPACA coins and a maximum supply of 188,000,000 ALPACA coins.
3. Filecoin (FIL)
Filecoin is a peer-to-peer network engaged in data storage with a decentralized system. Users can store files on the internet using blockchain and pay to storage miners through this network. Afid revealed that the AMA (Ask Me Anything) event that Filecoin will hold on February 17, 2022, will make its token movement positive. As a result, investors will begin to be interested in seeing the potential of FIL at the event.
“The Filecoin AMA event will present an opportunity to attract investors’ interest in this FIL token,” said Afid.
The current FIL rating on CoinMarketCap is #43, with a market cap of US$268,277,225. The circulating supply is 746,113,681 FIL coins and a maximum supply of 1,152,997,575 FIL coins.
4. Fetch.ai (FET)
Fetch.ai is a blockchain-based network for decentralized machine learning with open access. The Fetch.ai development team asserts that networking can revolutionize most industries and sectors in various use cases. This week, Fetch.ai is on the crypto bull list as it will host events and publications related to its growing network ecosystem. According to Afid, many investors are waiting for the event, which will be held on February 17.
“Hopefully, at the event, there will be some news that can push FET prices to rise significantly. For example, the FET ecosystem will increase its transaction volume due to the need for transaction fees when using its network,” said Afid. The current FET rating on CoinMarketCap is #185, with a market cap of US$56,103,706. The circulating supply is 141,603,872 FET coins and a maximum supply of 188,000,000 FET coins.
5. Harmony (ONE)
Harmony (ONE) is still potentially bullish this week. Afid explained that ONE’s positive sentiment continues after the launch of the Ethereum Bridge. This blockchain bridge will expand the Harmony ecosystem, which was previously only Binance Smart Chain and Bitcoin.
“The positive sentiment ONE hype is still ongoing. Ethereum Bridge can increase the volume of transactions that occur on the Harmony blockchain due to being able to receive many tokens,” said Afid.
Harmony itself is a crypto asset that aims to offer fast and open blockchain technology application capabilities for decentralized applications. The current rating of ONE on CoinMarketCap is #51, with a market cap of US$ 2,296,426,491. The circulating supply is 11,707,162,383 one coin, and the maximum supply is unavailable.