Top Performing Cryptocurrencies in February
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Answer Top Performing Cryptocurrencies in February
February was a great month for some cryptocurrencies and miserable for others.
But looking at the performance of cryptocurrencies in general in the month of February, we find that many cryptocurrencies reached significant gains and the market rose in general in the first half of the month.
But in the last ten days of the same month, the price of Bitcoin fell below 10 thousand, and so did many other digital currencies, which witnessed blood red negative indicators in one of the worst weeks so far in 2020.
Despite all this, some coins have done exceptionally well in the past month, including KNC, LINK, Ethereum, NEM, and HBAR.
Here is a list of the best performing cryptocurrencies in February:
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1- Currency (KNC):
KNC is among the best performing cryptocurrencies over the course of February, with the coin gaining 157% over the period.
KNC started in February on a par with the rise of the rest of the other cryptocurrencies, as the rest of the cryptocurrencies continued to perform positively and Bitcoin reached $10,500.
The value of the “KNC” coin was estimated at the beginning of February at $0.28, later “KNC” broke through the $0.500 level on February 15, and it did not stop there but increased the rise, in the past two weeks, KNC gained more than 60%.
2- Currency (LINK)
In January, the LINK coin came back into the spotlight again and advanced in terms of overall market capitalization.
LINK is up 44% in January.
LINK remained one of the best performing coins during the month of February.
The DEP coin started February at $2.83 and consolidated the previous key levels at $3 and $4, hitting an all-time high on February 19 at $4.89.
The strong rise in the price of LINK is closely related to the penetration of the bZx exchange and the recent integration of Ethereum Classic with Oracle.
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3- Ethereum (ETH):
The second largest currency climbed to the list despite falling from three major support levels during the month – $250, $240 and $230 in February.
ETH is currently trading at $220, which is a 23% increase over the past month.
The smart contract platform has $24.4 billion in market capitalization.
With the ProgPoW discussion brought to a boil, it would be great to watch the coin’s price as the community prepares to upgrade Ethereum 2.0.
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4- Currency (XEM)
The fourth best performing coin during the month of February is XEM which gained 19.78% in the last month.
XEM coin started the month at $0.0411, climbing to an annual high of $0.076 on February 12 before facing a reversal to $0.049.
Other cryptocurrencies have done well over the past month, including HBAR, which saw a 161% increase in February.
Among the top performers is also CHZ, which has partnered with FC Barcelona:
FC Barcelona enters the world of crypto through the portal of the Chiliz project
where i earned 123%
The LSK coin is up 38% and the SIA coin is up 41% over the past month.
How will these digital currencies and others be in the current new month.
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