- An analyst recommends 6 cryptos between now and February, based on upcoming events and technical factors.
- Render, an AI and VR token, could benefit from the launch of Apple Vision Pro on Feb 2nd.
- Frax’s new L2 solution launch in February could attract millions in crypto assets.
- AltLayer’s live launch, Binance listing, and NFT holder/community airdrops also make it a potential contender.
- Injective’s fully circulating supply could lead to a price rally, currently trading at $33.72 with rising volume.
- $77 million worth of Optimism tokens unlocking on Jan 30th might cause a rally like the 45% surge after the Jan 9th unlock.
The crypto market is home to some of the wildest speculation on the internet. More often than not, some of these speculations turn out to be real profit-taking opportunities.
According to a recent tweet from The Defi Investor on Twitter, here are some of the biggest “fundamentally backed” cryptocurrencies to keep an eye out for from now until February.
1. Render ($RNDR)
According to The Defi Investor’s tweet, Render is one of the major cryptocurrencies to keep an eye out for.
It turns out that the new Apple Vision Pro is set to launch on 2 February. And as far as the crypto market goes, several metaverse and blockchain gaming tokens are set to benefit.
The biggest of these turns out to be Render (RNDR), an AI and VR-based cryptocurrency.
The Render network allows distributed GPU rendering on the blockchain and is set to host the technology that powers the Apple Vision Pro.
From now until February, this cryptocurrency which currently trades at around $3.81 according to CoinMarketCap, will likely get lapped up massively by the whales.
Traders can expect $5 or higher on $RNDR.
2. Frax ($FXS)
According to the Frax network’s founder, Sam Kazemian on the Flywheel DeFi podcast, the Fraxtal network is set to launch its new L2 solution sometime in the first week of February.
Kazeman says that $FRAX is set to attract at least several hundred million dollars worth of crypto assets in the first month.
Even better, FRAX currently trades under the $1 mark and is ranked #213 on CoinMarketCap.
3. AltLayer (ALT), Celestia (TIA), EigenLayer
AltLayer is set to go live on 24 – 25 January, according to a recent blog announcement.
After listing on Binance as the 45th project on the platform, AltLayer will also airdrop some $ALT to its NFT holders and community campaign participants, who were among the project’s early backers.
Moreover, EigenLayer has also announced airdrops for qualified EigenLayer restakers and Celestia stakers.
More details about these airdrops can be found on the official announcement page, and on ALT’s CoinMarketCap page.
4. Injective (INJ)
The Injective token has just completed its last token unlock, according to token Unlocks.
This means that 100% of Injective’s supply is now circulating, and the cryptocurrency’s price is now fully poised to rally.
According to data from CoinMarketCap, the cryptocurrency currently trades at $33.72, with a 44.98% increase in trading volume over the last day, at the time of writing.
Optimism is set to experience some price volatility from now until 30 January. This is because according to Token Unlocks, about $77 million worth of the cryptocurrency is set to be unlocked at the end of the month.
The last unlock event occurred on 9 January, during which Optimism rallied by 45% to $4.28 as illustrated below.
If we see a replay of this scenario, we might see a rally in Optimsm, instead of the traditional dip in prices.
6. Ribbon Finance (RBN) and AEVO
In July of last year, owners of Ribbon DAO tokens voted in support of integrating Ribbon Finance into the Aevo derivatives exchange.
In essence, Aevo’s token launch is expected to happen in the next few weeks, according to rumours. When this happens, all RBN tokens will be converted into AEVO (which is expected to rally on launch, due to the buzz).
According to data from CoinMarketCap, the Ribbon Finance token currently trades at around $0.468, and is up by 25% over the last week.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.