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The bearish market in February 2022 seems to be over. Though all major cryptos are still down on seven-day averages, most have seen big gains over the last 24 hours. Some top 20 cryptos are up over 15% – as is the case with Terra (LUNA). Meme-coins like Shiba Inu and Dogecoin are also seeing gains, while new crypto challenger EverGrow Coin has seen gains in anticipation of its social media platform rollout.
In this article, we'll look at the current prices of the top crypto coins investors should be watching in February 2022.
Bitcoin rallied from a low of $36,000 to jump back up to $38,175 as of February 23. Crypto's largest token is down a worrying 14% over the past seven days, but it's seen 3.71% growth in the last 24 hours. This is the second time Bitcoin's price has fallen below $40,000 in 2022, but many analysts are predicting Bitcoin has seen bottom prices and will get rising in price again.
EverGrow Coin is the only non-top 20 crypto on this list. Yet with the world's first crypto-friendly social media platform and content subscription platform Crator about to launch, it's worth including in this list. Crator will let content creators choose to be paid in either EverGrow (EGC), other cryptos or fiat currencies. Along with EverGrow Coin's achievements to become the world's top rewards token by distributing token-holders $34 million in BUSD, this could be the next crypto to explode in 2022.
EGC is currently trading at $0.0000005219 and is up 8% over the last 24 hours.
Meme-coins suffer during a bearish market – Shiba Inu is down 17% over the last seven days. That's the most significant loss of any top 20 crypto. Nevertheless, Shiba Inu has rallied 6% over the last 24 hours to hit a price of $0.00002527. SHIB has been in the news quite a bit this 2022 with announcements of a new Shibarium metaverse, which recent announcements suggest the first plots will go to existing SHIB holders. Merchants like Welly's fast-food chain and the US-based AMC Entertainment cinemas also announced accepting SHIB as payment.
Dogecoin is crypto's biggest meme-coin, with a market cap of $17.6 billion. Dogecoin has seen losses of 12% over the last week but has been rallying 4% over the past 24 hours. Dogecoin's price has been helped by a new announcement from Tesla CEO Elon Musk that Tesla drivers can use DOGE at the supercharging station in Santa Monica. DOGE's price is currently at $0.1324.
Terra has seen losses of just over 1% over the last seven days. But its LUNA token is up an impressive 15% over the last 24 hours. Terra is currently the 9th biggest crypto token by market cap ($21.9 billion) and currently the fastest growing of the major crypto coins. LUNA is currently trading at $56.73 down from a high of $103 seen last year.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
