While Bitcoin and Ethereum prices slumped in the bottom half of February, several altcoins benefited from the power of crypto market narratives.
The month of February was filled with investors’ hope that an earlier-than-expected Federal Reserve policy pivot would occur, but this sentiment faded as the inflation and employment data came in hotter than expected. While the start of the month was bullish for the crypto market, Bitcoin retraced 60% of the move from February’s low at around $21,500 to the peak of $25,250.
The fundamentals of the Stacks blockchain do not corroborate with the price surge, which suggests that it could be purely speculative given the potential for Stack's growth. In the short term, STX risks a pullback from the top of its trading range in both STX/USD and STX/BTC pairs. Nevertheless, if buyers can conquer resistance at $1.02, there's a probability of STX taking a shot at all-time highs of $3.40.with the second largest Telecom service in China, China Telecom.
While Conflux has established partnerships with leading Chinese brands, the activity on the blockchain has yet to justify the 500% increase in CFX's price in February. Data shows that the number of new Conflux addresses and NFTs minted on the platform has stayed at par with previous months with no evident spike.
. It enhances the security and decentralization of the Ethereum PoS network by allowing smaller stakers and validators to use the SSV Network and run Ethereum validating nodes.to support the development of the technology. The fund is backed by leading crypto venture capitalists including Digital Currency Group, Coinbase Ventures, HashKey, NGC, Everstake, GSR and SevenX.
Technically, SSV token is in a price discovery mode, making new all-time highs. Thus, it’s likely that the token continues to surge higher, especially if leading LSD platforms like Lido or Rocket Pool announce SSV Network integration. AGIX token reversed from its all-time high levels at $0.63, which could continue to provide resistance for bulls. As the AI hype subsides, a correction toward $0.33 and $0.15 support cannot be ruled out. Nevertheless, if buyers are successful in pushing the price above the $0.63 resistance level, AGIX can run significantly higher.Similar to SingularityNET, The Graph protocol has also benefited from an increase in the AI narrative.
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