As January concludes, the cryptocurrency market reflects on a historic moment with the approval of a spot Bitcoin ETF. This event is anticipated to have a lasting positive impact, leading to curiosity about which altcoins to watch in February. Horizen (ZEN), with its upcoming mainnet upgrade and strategic move to disable shielded transactions, stands out due to regulatory pressures. This decision aims to pacify investors and regulatory bodies alike.
The price of ZEN may see fluctuations based on the market’s reaction to these updates. Technical analysis suggests potential price movements in both directions, with significant support and resistance levels identified. Similarly, Radiant Capital’s announcement of ARB rewards for locking dLP on the Arbitrum network by February 16, 2024, could influence the price of RDNT Coin, which has been on an upward trend since October.
RDNT Coin’s price trajectory is also subject to surpassing resistance or falling to support levels, with February expected to be a pivotal month. Injective (INJ) is another altcoin to watch, as the team’s announcement of a new dApp could significantly boost network activity and token price. INJ Coin is at a critical juncture within a symmetrical triangle pattern, with a breakout likely to set the direction for its price.
Investors are keeping a close eye on these altcoins as their respective developments and technical positions hint at potential market movements. The anticipation of how these coins will perform in February is high, with strategic decisions and technical patterns offering clues to their future trajectories.
For more detailed information and analysis, interested readers can follow the developments of these altcoins on COINTURK NEWS: Key Altcoins to Watch in February.