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Cryptocurrency News Articles

February Will Be a Strong Month for the Altcoin Market, Ethereum to Surge Towards $10k - Analyst

Feb 02, 2025 at 02:00 am

Many crypto analysts believe February will be a strong month for the altcoin market and could signal the beginning of the next phase of the crypto market

February Will Be a Strong Month for the Altcoin Market, Ethereum to Surge Towards $10k - Analyst

Cryptocurrency analysts are predicting a strong February for the altcoin market, which could mark the start of the next phase of the crypto market bull run. One analyst has uploaded a recent video highlighting specific altcoins that he believes will perform exceptionally well this month.

The analyst predicts that there will be a capital influx into Ethereum, with investors shifting from Bitcoin toward the flagship altcoin. This change in market mood is expected to trigger an Ethereum surge that could push the altcoin's price toward the $10,000 mark, indicating a 3x profit target.

This capital shift toward the altcoin market is predicted to extend beyond Ethereum, flowing into tokens within the cryptocurrency’s ecosystem and other large-cap altcoins. Among these altcoins, the analyst specifically mentioned Sensay (SNSY).

Being an AI project boosts Sensay’s adoption prospects. The analyst highlighted DeepSeek's impact on the US market as an example of the relevance of AI solutions in today's time. Sensay’s approach of creating replicas is seen as an edge that can propel the solution into the limelight over a short period.

Cardano's recent Plomin hard fork and other developments within its community also caught the analyst's attention, earning the blockchain project a spot among his top picks for the upcoming altcoin season. With Plomin, Cardano becomes the most decentralized blockchain project, putting governance in the hands of users. The analyst points out that bullish for ADA, considering the Cardano founder’s proximity to key political figures.

The analyst's top picks also include the ONDO finance crypto solution, which is credited for its adaptability to the mainstream sector, and Ethena (ENA). The analyst believes that Ethena's synthetic stablecoin solution will be critical in the next phase of financial evolution, which is why he sees the product as having potential for significant adoption.

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