Not Bitcoin, Shiba Inu or Dogecoin, these are 5 cryptocurrencies that are predicted to rise in price

Not Bitcoin, Shiba Inu or Dogecoin, these are 5 cryptocurrencies that are predicted to rise in price

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The prices of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, to Dogecoin and Shiba Inu are moving in the green zone in today’s trading, Thursday 10 February 2022. In the midst of the rising trend in the prices of Bitcoin, Ethereum, etc., there are five cryptocurrencies that are predicted to record high price increases in the second week of February 2022.

On trading Thursday 10 February 2022 at 09.17 WIB, Coinmarketcap recorded an increase in the price of Bitcoin (BTC). The price of Bitcoin / BTC cryptocurrency, which is the crypto currency with the largest market cap, is at the level of US$ 44,297.26. In the last 24 hours, the price of Bitcoin/BTC is up 1.46%. In 7 trading days, Bitcoin/BTC price is up 20.16%

Apart from BTC, the price of other cryptocurrencies that are in the top 5 market caps are still rising. Ethereum/ETH (second largest market cap) price at $3,225.84 is up 4.46% in the last 24 hours. In 7 trading days, the price of Ethereum/ETH is up 20.41%.

Tether/USDT (third-largest market cap) is at $1, up 0.01% in 24 hours of trading. In 7 trading days, the price of Tether/USDT is up 0.04%.

Binance Coin/BNB (fourth largest market cap) price at $421.86 is up 3.07% in 24 hours of trading. Over 7 trading days, the price of Binance Coin/BNB was up 15.73%.

The price of USD Coin (the fifth largest market cap) at the level of US $ 1 rose 0.07% from the previous day. During 7 trading days, the price of USD Coin tends to be stable.

Meanwhile, the price of Dogecoin / DOGE which is popular due to Elon Musk has increased 2.89% in the last 24 hours to US$ 0.1603. In 7 trading days, the price of Dogecoin increased 16.74%.

The price of another popular cryptocurrency, the Shiba Inu (SHIB) rose 7.32% in the last 24 hours to 0.00003293. In 7 trading days, the price of the Shiba Inu skyrocketed 60.32%.

Tokocrypto in its weekly research mentions that many analysts see the majority of cryptocurrencies will move stagnant at the beginning of the second week of February. However, there is still potential for a correction towards the middle to the end of the week, so it is predicted to bring positive sentiment which will certainly attract the attention of investors.

“In the condition of the crypto market that is climbing again, there are several cryptocurrencies that have the potential to experience bullishness, but there are also those that have the potential to experience bearishness,” wrote Tokocrypto in the Tokocrypto Market Signal research released Wednesday (9/2).

In this Tokocrypto Market Signal, the crypto asset Hedera (HBAR) is considered to be one of the potentially bullish ones this week. The Hedera Hashgraph is a decentralized distributed network that is structurally different from the Bitcoin (BTC) and Ethereum (ETH) blockchains, but performs the same functions.

HBAR aims to provide a stable, efficient and reliable platform for enterprise-class applications. Hedera is supported by a governing council consisting of 39 organizations and companies, such as Google, Boeing, Deutsche Telekom, IBM, TATA Communications.

Tokocrypto trader Afid Sugiono assesses that HBAR has bullish potential due to sentiment from the launch of Smart Contract 2.0 on February 8, 2022. This can bring positive sentiment from investors.

“HBAR will release Smart Contarct 2.0 on February 8. However, the positive sentiment will continue, because this is a big event from HBAR. The event will have a webinar and immediately launch a new smart contract,” said Afid.

The next crypto asset is The Sandbox (SAND) which has the potential to get a positive catalyst from The Sandbox’s plan to auction its land in the Metaverse in limited quantities on February 10, 2022.

At the time of the auction, there will be more than 550 lands and 8 buildings or housing that will be sold at a higher price. Afid believes this news can increase interest in SAND because all auction transactions must be carried out in the token.

“The Sandbox will auction its land in Metaverse on February 10. This event will automatically become a positive sentiment because it revives the SAND project, which for the last few days there has been no news,” he explained.

Then there is the cryptocurrency Harmony (ONE) which is still potentially bullish this week. According to Afid, ONE’s positive sentiment in early February is still ongoing, as it will launch an Ethereum bridge that will increase its value on February 14th.

“So later ONE will be compatible with Bitcoin and Ethereum networks, making it easier to move tokens or coins in both ecosystems. The positive sentiment hype is still ongoing,” he explained.

In addition, Afid believes that the Stacks (STX) crypto asset is also interesting to watch for this week. This is in line with the NFT drops event on the STX network. This event encouraged investors to be interested in holding their STX coins and led to positive sentiment in the market.

Finally, the crypto asset that can be looked at is Ethereum Classic (ETC). Afid said that ETC had delayed the launch of a new mainnet called Mystique in early February. However, it turns out that there has already been a new confirmation date, which is February 13th, thus encouraging this crypto to become a lot of enthusiasts.

“In crypto there is the term buy on rumours, sell on news. So with this news, usually three days or a week before there has been positive sentiment in the market,” concluded Afid.

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