- Analysts believe February will be a bullish month for the altcoin market.
- One analyst picks ETH, SNSY, ADA, ONDO, and ENA for notable rallies.
- February surge will mark the beginning of the altcoin season.
Many crypto analysts believe February will be a strong month for the altcoin market and could signal the beginning of the next phase of the crypto market bull run. One such analyst uploaded a recent video citing specific altcoins he thinks will perform exceptionally well this month.
According to the analyst, Ethereum will experience a capital influx, with investors moving from Bitcoin toward the flagship altcoin. He predicts the change in market mood will trigger an Ethereum surge that could push the altcoin’s price toward $10,000, reflecting a 3x profit target.
Further, the analyst predicts the capital shift toward the altcoin market will spread beyond Ethereum, pouring into tokens within the cryptocurrency’s ecosystem and other large-cap altcoins. One such altcoin the analyst identified is Sensay (SNSY).
Related: Ethereum’s Bullish February Narrative: Will Continue Forward or Change?
According to the analyst, Sensay’s identity as an AI project boosts the blockchain project’s adoption prospects. He cited DeepSeek’s impact on the US market as an example of AI solutions’ relevance today. He sees Sensay’s approach of producing replicas as an edge that could project the solution into the limelight over a short period.
Also, Cardano’s recent Plomin hard fork and other developments within its community caught the analyst’s attention, including the blockchain project among his top picks for the upcoming altcoin season. With Plomin, Cardano becomes the most decentralized blockchain project, with governance in the hands of users. The analyst considers that bullish for ADA, alongside the Cardano founder’s closeness to prominent political figures.
Related: Is Altcoin Season Coming Feb 2025? A Look at the Bullish Signs
Finally, the ONDO finance crypto solution and its adaptability to the mainstream sector earned it inclusion into the analyst’s top picks in a list that he completed with Ethena (ENA). The analyst believes Ethena’s synthetic stablecoin solution would be crucial in the next phase of financial evolution. That’s why he sees the product having potential for significant adoption.
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Source: https://coinedition.com/february-altcoin-surge-eth-snsy-ada-ondo-and-ena-make-analysts-top-picks/