6 Best Altcoins To Watch Today February 1 – EOS, Solana, BNB, Bitcoin SV

In January, the XRP Ledger’s decentralized change (DEX) skilled vital growth, with swap volumes reaching about $400 million, as Ripple CEO Brad Garlinghouse introduced on the XRP Neighborhood Day occasion. This progress translated into a median day by day transaction quantity exceeding $17 million. Since beginning operations in 2024, the DEX has facilitated over $1 billion in cryptocurrency exchanges.

The surge in exercise partly stems from the political shift with Donald Trump’s election as US President. Publish-election, XRP noticed its worth improve dramatically by practically 400%, hitting a peak of $2.90 earlier than settling at round $2.50. This rise displays investor confidence in the opportunity of extra crypto-friendly laws beneath the brand new administration. In mild of the optimistic crypto market wave, this text outlines different reasonably priced tokens, significantly the finest altcoins to look at at the moment.

6 Finest Altcoins To Watch As we speak 

EOS has a present Whole Worth Locked (TVL) of $265 million, nearing its peak of $274 million. Ethereum Basic (ETC) boasts a big following with 415,000 holders. Binance Coin (BNB) has strategically determined to extend its worth by eradicating 1.6 million BNB tokens from circulation, aiming to boost rarity and elevate its market worth. 

Coinbase is within the technique of acquiring regulatory consent to supply futures buying and selling for Solana. Bitcoin SV (BSV) maintains its presence available in the market with 95,000 holders. Solaxy, introduced as the primary Layer-2 answer for Solana, has efficiently gathered over $16.6 million in its presale, reflecting vital investor curiosity. Tesla has seen a $600 million improve in internet earnings as a result of changes in its bitcoin accounting practices.

1. EOS (EOS)

EOS at present has a Whole Worth Locked (TVL) of $265 million, near its all-time excessive of $274 million. With 431K holders, EOS is buying and selling at $0.7926, a slight improve of 0.82% over the past day. This progress has introduced its market cap to $1.22 billion, with a day by day rise of 0.84%. 

The sentiment round EOS’s worth prediction is at present impartial. But, the Worry & Greed Index is 68, indicating a greed-driven market. Over the previous yr, EOS has appreciated by 13%. It’s buying and selling above its 200-day easy transferring common, exactly at 8.16% above the common worth of $0.735376, a optimistic signal for long-term developments. 

Tick tock, tick tock!

Present $EOS TVL: 265m $EOSTVL All Time Excessive: 274m $EOS pic.twitter.com/a3zpJSD0FY

— EOS Community (@EOSNetworkFDN) January 31, 2025

Within the final 30 days, EOS has had 16 inexperienced days, the place the closing worth was larger than the opening, representing 53% of the interval, reflecting a balanced efficiency with a slight optimistic bias.

2. Ethereum Basic (ETC)

Ethereum Basic (ETC) has a considerable group with 415K holders. At the moment, ETC is buying and selling at $26.23, marking a 1.48% improve over the past day. This progress has pushed its market cap to $3.95 billion, with a day by day rise of 1.47%. 

The sentiment round Ethereum Basic’s worth prediction is bullish, with the Worry & Greed Index at 68, indicating a market surroundings of greed. Over the previous yr, ETC has seen a worth improve of 6%, showcasing a optimistic pattern. It’s buying and selling 5.68% above its 200-day easy transferring common, at present at $25.00, a very good indicator for long-term traders.

In abstract, Ethereum Basic’s market efficiency, characterised by its progress, excessive liquidity, and bullish sentiment, positions it as a resilient cryptocurrency throughout the market. Its capacity to keep up a place above key technical indicators suggests potential for continued investor curiosity.

3. BNB (BNB)

As we speak’s replace on Binance Coin (BNB) reveals a strategic transfer to boost its worth by burning 1.6 million BNB tokens to extend shortage and enhance its market potential. Within the final 24 hours, BNB’s worth noticed a minor decline of 0.72%, settling at $669.61. Nevertheless, the buying and selling quantity elevated considerably by 13.88% to $1.64 billion, indicating strong market exercise. 

ChainAware.ai has introduced its integration with BNB Chain to boost Web3 safety and belief. This partnership introduces superior AI-driven instruments, together with Fraud Detection, Pockets Auditing, and Rug Pull Detection. Moreover, ChainAware.ai supplies companies like Web3 Advertising Brokers and Web3 Transaction Monitoring Brokers, providing complete options for companies working within the Web3 area.

Companies can now seamlessly create, handle, & distribute digital belongings with @Brickken’s tokenization platform! 🤩

You may as well profit from high-transaction speeds & low value with it being on BNB Chain.

Test it out 👇https://t.co/DjpCeo8dbh

— BNB Chain (@BNBCHAIN) January 31, 2025

Brickken has launched its tokenization platform on the BNB Chain, marking a major development in Actual-World Asset (RWA) tokenization. This platform permits companies to create, handle, and distribute digital belongings effectively.This contains fairness and bonds on the BNB Chain, recognized for its low transaction charges and velocity.

4. Solana (SOL)

Coinbase is at present in search of regulatory approval to introduce Solana futures, which might improve liquidity and bolster Solana’s market presence by way of revolutionary buying and selling options. This transfer is predicted to offer new funding alternatives and stabilize the market by providing regulated buying and selling choices for SOL.

Solana is parallel advancing its capabilities with Solaxy, a layer-2 scaling answer that improves the community’s effectivity and facilitates cross-chain transactions with Ethereum. This improvement extends Solana’s market potential by integrating with one of many largest blockchain ecosystems, probably attracting a broader person base.

The establishments are coming to Solana — the decentralized international market for everybody.

A brand new paper by former SEC & CFTC Chief Economists — Prof. Craig Lewis and Jim Overdahl — appears to be like at how Solana improves on earlier-gen blockchains and examines the worldwide SOL market. pic.twitter.com/khiH7JSpHK

— Solana (@solana) January 30, 2025

Within the final 24 hours, Solana’s worth decreased barely by 2.65% to $227.24, whereas the buying and selling quantity elevated by 4.99% to $3.88 billion. Regardless of this minor dip, Solana maintains a powerful market place with a cap of $110.63 billion, up 4.70%. 

5. Bitcoin SV (BSV)

Bitcoin SV (BSV) holds a market place with 95K holders. Over the previous week, BSV has seen a worth improve of 5.78%, bringing its worth to $48.75. Regardless of this weekly achieve, the market cap has solely risen by 1.36% to $966.1 million. 

The sentiment for Bitcoin SV’s worth prediction is at present bearish. But, the Worry & Greed Index is at 68, which signifies a market surroundings leaning in direction of greed. This might indicate that investor curiosity or speculative exercise nonetheless exists regardless of the bearish outlook. 

BSV is buying and selling 18.41% above its 200-day easy transferring common, at present at $41.50, signaling a optimistic long-term pattern. In abstract, whereas the short-term sentiment for Bitcoin SV leans bearish, its place above the 200-day SMA and excessive liquidity based mostly on its market cap current a combined image for traders. 

6. Solaxy ($SOLX)

Solaxy, positioned as Solana’s inaugural Layer-2 scaling answer, has raised over $16.6 million throughout its presale part, indicating robust investor confidence. This undertaking addresses the persistent congestion points on the Solana community, significantly highlighted by the current surge in meme coin buying and selling actions. As an example, Trump-themed tokens on platforms like Pump.enjoyable have not too long ago achieved document buying and selling volumes, which has led to slower and even failed transactions for some customers.

To mitigate these points, Solaxy plans to course of transactions off-chain by way of roll-up expertise, much like Ethereum’s Layer-2 options, earlier than finalizing them on Solana’s mainnet. This strategy is anticipated to considerably improve the community’s effectivity, particularly beneath high-demand situations, offering a smoother person expertise.

Solaxy’s native token, SOLX, is central to its operations and is at present obtainable within the presale at $0.00162. Nevertheless, this worth is ready to extend throughout the subsequent 24 hours because the presale progresses to its subsequent stage. Buyers should buy SOLX utilizing cryptocurrencies like ETH and SOL and even with a financial institution card, making it accessible to a broader viewers.

Furthermore, crypto analysts are optimistic about SOLX, so buying it through the presale could possibly be prudent. They spotlight SOLX as probably one of many “finest meme cash to purchase now,” with endorsements from fellow analysts reinforcing this bullish sentiment. This collective optimism from specialists provides credibility to SOLX’s funding potential.

Go to Solaxy Presale

Be taught Extra