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Highlights
- STX eyes $4.4 by end-2024 after a 396% YTD surge, trading above key SMAs.
- SEI token's 7500% rise hints at $3.2 target with Sei v2's Ethereum integration.
- TIA's 500% jump since launch positions Celestia for a potential $35 value.
The cryptocurrency market is experiencing remarkable trends, with multiple projects conveying strong bullish signs for promising returns in February 2024. However, the top ones among them are Stacks (STX), Sei (SEI), Celestia (TIA), Sui (SUI), Manta Network (MANTA), Dogwifhat (WIF), Avalanche (AVAX), and Dogecoin (DOGE) based on the developments that are yet to be seen in addition to its market success.
Stacks (STX)
Stacks (STX) has been enjoying a remarkable, bullish performance with a 396% year-to-date increase. However, the recent trends reveal that the price oscillates between $1.42 and $1.61, which implies a loss of 3.64% over the last week.
STX/USD price chart
However, the strong bullish bias of Stacks is shown through its move above both the 50-day and the 200-day SMA. Morever, if the current momentum is sustained, analysts expect STX to reach $2 in the near term and $4.4 in the long term by the end of 2024.
Sei Network (SEI)
The SEI token on Sei Network has shown massive growth, rising from $0.007989 to $0.8755, almost a 7500% rise. However, with a slight decline in the last week, the price range of the token between $0.59 and $0.6441 reflects a remarkable gain of 2.54%.
SEI/USD price chart
The network’s growth to include different industries and high capacity for handling transactions creates greater development opportunities. However, the estimated release of Sei v2, which will incorporate Ethereum protocols, is likely to drive the value of the SEI token to unprecedented levels, where estimates reveal a climb to $3.2.
Celestia (TIA)
Celestia’s market entry in October 2023 was spectacular, with the TIA token experiencing a surge of over 500% to its all-time high in December. Despite a recent 16% dip from its peak, the token’s current price range and positive weekly and monthly performance indicate strong bullish control. The scalability of the Celestia network is poised to attract a larger user base, possibly pushing the TIA token’s value to a $35 value in the coming months.
TIA/USD price chart
Sui (SUI)
As for Sui’s recent performances, the token SUI’s price showed impressive growth in the market, reaching 100% in January 2024. Moreover, the TVL of the token jumped significantly, placing it among the top 10 in terms of TVL. Furthermore, SUI’s token demand, strategic partnerships, and the presence in gaming and other markets prove that the project has potential for further development.
SUI/USD price chart
Manta Network (MANTA)
The MANTA token of Manta Network continues to grow in price and is currently priced at $3.58 and reached its all-time high of $3.84 on January 28. In addition, the two-layer structure, consisting of Manta Atlantic and Manta Pacific, offers gas fees at greatly slashed amounts and a fast-growing ecosystem of over 150 projects.
MANTA/USD price chart
The MANTA token, which grew by 69% in TVL in January and maintained a constant inflation level, is on the path of growth. Therefore, it can be an option to be considered for investment in February 2024.
Dogwifhat (WIF)
Dogwifhat, a meme-inspired token, recorded an all-time high, which showed a 117% increase in January alone. Since the token has proved its capabilities and the price rise beyond the $0.5 mark, the price may grow to $1.
WIF/USD price chart
Avalanche (AVAX)
Avalanche is set to release 9.54 million AVAX tokens worth over 344 million USDT, which is a major event that has attracted the attention of investors and market analysts. Concurrently, this release is a major injection of tokens for a project which has been trading at an average volume of around $400 million over the last few months.
AVAX/USD price chart
Avalanche (AVAX) is currently valued at $34.45 and has maintained a steady range of price action, with a high at $35 and a low at $32. The looming token unlock creates doubts regarding possible market responses,
Dogecoin (DOGE)
As for Dogecoin, the adoption rate has increased by 86% since yesterday and there have been over 890,000 new addresses.
DOGE/USD price chart
This increase in network activity may be caused by the release of the DOOM video game on the Dogecoin blockchain and points to a price hike to be expected in the future. In addition, analysts estimate DOGE to rise by 25% and the $0.10 mark as its key support level.
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