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Cryptocurrency News Articles
These 3 Altcoins with Strong Fundamentals and Growing Ecosystems Could See a Rebound in February
Jan 30, 2025 at 05:00 am
Jupiter (JUP) has strengthened its position in the Solana ecosystem with key acquisitions, pushing its TVL past Raydium.
Altcoins with strong fundamentals and growing ecosystems could see a rebound in February. Here are three interesting altcoins to watch:
1. Jupiter (JUP): Expanding in the Solana Ecosystem
Jupiter (JUP) has been expanding its presence in the Solana ecosystem with key acquisitions. It recently acquired Moonshot, a coins launchpad, and SonarWatch, a portfolio tracker. With these moves, JUP has surpassed Raydium in Total Value Locked (TVL), reaching $2.87 billion.
Despite a 7% drop in the last 24 hours, JUP remains up 29% over the past week. As one of Solana’s most used platforms, its growing ecosystem could drive further gains. Increased adoption and integrations may continue boosting its relevance.
On the 4-hour chart, JUP is trading within a descending channel, having fallen below the 200-4H EMA. If momentum continues, JUP could test $1.22 and $1.27 soon. However, if the trend reverses, it may fall to $0.98, with further downside to $0.83 or even $0.76.
2. Aerodrome Finance (AERO): A Dominant Application on Base Chain
AERO is the leading application on the Base chain, with $1 billion in TVL and $1.16 million in daily fees. As the most used DEX on Base, it holds a dominant position despite being 56% down from its all-time high on December 7, 2024, making it one of the most interesting altcoins for February.
Over the past month, AERO has dropped nearly 31%, now trading around $1 with a market cap of $765 million. The recent decline has pushed it closer to key psychological levels, making the next moves crucial.
On the daily chart, AERO is trading below the 50-day Moving Average. If AERO regains strong momentum, it could see a major rally in February. Key targets include $1.4 and $1.6, with a potential move above $2 for the first time since mid-December.
3. Grass (GRASS): Hit Hard by the AI Cryptos Correction
Grass (GRASS) has been hit hard by the recent correction in artificial intelligence cryptos, with its price dropping over 27% in the past 30 days. It is now trading at its lowest levels since November 5, 2024, just days after its airdrop.
The token attempted to break above $4 on three separate occasions in 2024 but failed each time. Since January 6, 2025, it has remained below $3, indicating a clear downtrend.
On the daily chart, GRASS is trading below the 50-day Moving Average and 200-day EMA. If AI-related altcoins regain momentum in February, GRASS price could benefit from the renewed interest. A rebound toward the $2 range is possible, and if the uptrend strengthens, the token could revisit the $3 level as well.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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