February and March are usually positive months for Bitcoin and other altcoins. While most coins have been volatile this month, they will likely rebound later this month. A strong Bitcoin breakout, trade deals between the US and its key partners, and spot ETF approvals are potential catalysts. Let’s explore some of the best altcoins to watch for big gains.
Best Altcoins to Watch For Big Gains
Some of the top crypto to watch for big gains are Ondo, Ethena, Polkadot, Mantra, and Solana
Ondo Finance (ONDO): Key Player in the Tokenization Industry
ONDO is one of the top altcoins to watch because of its positioning in the real-world asset tokenization industry. The key reason why the ONDO price will surge is that US interest rates will remain higher for longer, attracting more investors to money market funds. This explains why ONDO’s total value locked has jumped near a record high of $652 million.
Analysts are optimistic that tokenization will be a big thing. Larry Fink, the head of Blackrock, has asked the SEC to approve tokenized stocks and bonds in America.
Ethena (ENA): Forms a Falling Wedge Pattern
Ethena is another top crypto to watch as it remains about 55% below its highest level this year. This drop may make it a bargain in the next crypto bull run. ENA has two main catalysts. First, it is a core part of Donald Trump’s World Liberty Financial portfolio, a notable thing now that he has become the president
Ethena is also seeing traction in its USDe stablecoin, which has achieved a $6.1 billion valuation, making it one of the biggest players in the industry. It has also formed a falling wedge pattern, pointing to more upside in the near term.
Polkadot (DOT): In Accumulation Mode
Polkadot is one of the top altcoins to watch as it remains in an accumulation phase. It has held steady inside the key support at $3.70 and the resistance at $11.65 in the past few years.
Polkadot is preparing a major network upgrade this year that will introduce features like EVM and a speed increase. This transition will make it attract more developers to the ecosystem, which may boost its price. If this happens, the next point to watch will be at $29.78, the 50% retracement point that is 380% above the current level.
Mantra (OM): Potential King of Tokenization
Mantra has become one of the best-performing altcoins, surging from $0.0050 in 2023 to almost $6 today. This rally may continue as it establishes itself as the best network for the RWA industry.
MantraChain, the recently launched layer-1 network has already seen demand from companies seeking to tokenize their assets. It recently partnered with DAMAC, a top real estate company in Dubai. There are odds that the Mantra price will surge to $10 this cycle.
Solana (OM): Biggest Ethereum Competitor
Solana is one of the best altcoins to watch because of its role in the crypto industry, where it has become the biggest alternative to Ethereum.
SOL has strong fundamentals, as evidenced by the growth of its meme coins and DEX volume. It also has strong technicals after forming a cup and handle pattern. This means that Solana price may surge from $200 to $500.
The post 5 Best Altcoins to Watch Now for the Next Big Gains appeared first on CoinGape.
