Top 5 Cryptos to Watch in Week 1 of February

February is just two days away and this morning, we round up the top 5 cryptos that have the potential to make it big in the first week of the month of love.

We begin Bitcoin (BTC) which, based on monitoring by Coingecko, is approaching the $24,000 level, indicating greater optimism as the crypto market bids farewell to January.

Next up is Aptos (APT), a coin that has maintained its positive aura consistently and enjoyed the green zone in recent weeks.

The rest of our list of top 5 cryptos have been showing impressive performance of late, breaking through various resistance levels and moving forward on two-week timeframes.

All crypto currencies Coingecko continues, focusing on weekly performance.

Top 5 Cryptos Poised for Big Profits in February:

Bitcoin (BTC)

Bitcoin’s current price is $23,585, up nearly 4% over the past two weeks. Over the past 24 hours, Bitcoin has risen 1.8% as bulls attempt to lift the major cryptocurrency near the $24,000 mark.

On the hourly chart, BTC has entered the $23,450 wall. If the bulls are able to sustain the rate above this level until the end of the trading day, Bitcoin will reach the $24,000 region in the next 24 hours.

The cryptocurrency industry is off to a great start in 2023 with a 40% rise in Bitcoin. The rebound is part of a larger trend of increased risk appetite, but its sustainability is being questioned by skeptics, citing economic concerns, among other warnings from market sentinels.

Aptos (APT)

Aptos (APT) is one of the best performing currencies in 2023, having grown more than 250% since the beginning of the year. APT is trading at $17.7 at the time of writing, up nearly 48% in the past seven days.

The development of Aptos has been very remarkable so far. Aptos has more active developers than Avalanche and Tezos, but fewer than Solana, Polkadot, Cardano, and Ethereum. This may be one reason why APT has maintained its steady rise in recent weeks.

Phantom (FTM)

A vault mechanism that serves as a new decentralized funding fund in the Fantom network ecosystem has recently been launched.

On January 20th, Ecosystem Vault was added to the network to provide alternative funding to Fantom-based projects.

Meanwhile, in just one week, the price of the token has risen by 26.1% to $0.48, the highest level since May 2022. The new mechanism has reignited Fantom’s online activity.

At the time of writing, FTM is trading at $0.4759, up 24.4% over the past week.

Avalanche (AVAX)

This is AVAX’s February price forecast positive After an initial adjustment, the price is expected to rise to at least $23.17. Conversely, a drop below $10.64 would turn this bullish situation wrong and lead to a decline to $9.50.

After making big gains in recent weeks, Avax slowed down and showed some composure as it encountered multiple rejections near the downward resistance line established over the previous seven months.

Despite the negative, the asset has recovered and shows signs of strength. At the time of writing, AVAX was up a solid 20.7% on the weekly charts, changing hands at $20.98.

Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com

Polygon (MATIC)

Rounding out our list of 5 cryptos is Polygon. In terms of profits, MATIC’s daily chain transaction volume increased, which was also favorable. Several additional factors also worked in MATIC’s favor.

In recent weeks, DeFiLlama’s the statistics stated that Polygon’s total blocked value increased. Additionally, MATIC was recently shown to outperform Ethereum in terms of daily active addresses.

Last week, data from Coingecko revealed that MATIC experienced double-digit growth, which allowed it to re-enter the top 10 crypto club.

MATIC has rallied 15.3% on the weekly charts and is currently trading at $1.15.

Featured image from the Motley Fool