<p>A renowned crypto analyst, Layergg, took to X to share his February watchlist. Let’s delve into his insights and explore the altcoins that have caught his attention.</p>
<p><a href="https://twitter.com/layerggofficial/status/1754077871876739284?t=loGDREYqmYayetq6UeErMA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Layergg’s watchlist features</a> five altcoins that have piqued his interest. Let’s take a closer look at each of them and the factors contributing to their inclusion on the list.</p>
<ol>
 <li><strong>JUP (Jupiter) – Shedding Light on FUD and Airdrops</strong></li>
</ol>
<p>According to Layergg, the initial seven days of February saw a significant amount of selling activity surrounding JUP. However, he believes that this could mark the end of the fear, uncertainty, and doubt (FUD) surrounding the coin. Layergg points to the CEO’s tweet, suggesting that JUP stakers might be eligible for airdrops, similar to the popular token TIA.</p>
<ol start="2">
 <li><strong>RON (Ronin) – A Potential Listing on Major Exchanges</strong></li>
</ol>
<p>Layergg highlights the possibility of RON being listed on prominent exchanges, including Binance and Coinbase. This potential listing could pave the way for increased visibility and trading volume for RON. Additionally, RON boasts the highest daily active users (DAU) among Web3 gaming platforms, with more game releases scheduled in the near future.</p>
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   <p lang="en" dir="ltr">Top 5 Monthly Watchlist:<br><br>• <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$JUP</a> <br><br>– Teams ‘selling’ is only happening in the first 7 days.<br><br>– It means all the FUD surrounding <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$JUP</a> will be end upcoming week. <br><br>– During the initial 7 days, it can be assumed that most of the selling has already occurred.<br><br>– Looking at the CEO's… <a href="https://t.co/3isuhsTn3e" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/3isuhsTn3e</a></p>— Layergg (@layerggofficial) <a href="https://twitter.com/layerggofficial/status/1754077871876739284?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 4, 2024</a>
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<ol start="3">
 <li><strong>MATIC (Polygon) – Migration and L2 Liquidity Solutions</strong></li>
</ol>
<p>Layergg emphasizes the migration of MATIC to the Polygon network, known for its Layer 2 (L2) scalability solutions. He suggests that this migration, particularly in conjunction with the launch of STRK, could drive market traction for MATIC. Additionally, the AggLayer V1 Launch positions MATIC as a leader in addressing liquidity fragmentation issues within the L2 ecosystem.</p>
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<ol start="4">
 <li><strong>MKR (Maker) – Rebranding and Restaking Opportunities</strong></li>
</ol>
<p>Layergg points to ongoing discussions surrounding the potential rebranding and token split of MKR. He predicts that the launch of Ethena/Blast could raise borrowing costs, ultimately benefiting Maker’s profit. Furthermore, as a leading beneficiary of the Restaking/LRP narrative, MKR is expected to experience increased borrowing against ETH for new airdrops.</p>
<ol start="5">
 <li><strong>PENDLE (Pendle) – Riding the LRT Wars Wave</strong></li>
</ol>
<p>Layergg highlights PENDLE as a top beneficiary of the LRT Wars. The addition of new LRT Pools has created a price-rise flywheel for the altcoin. Additionally, the backing of Puffer Finance by Binance Labs and the Ethereum Foundation is expected to boost Pendle’s Total Value Locked (TVL) and trading volume. Layergg also notes the involvement of Arthur Hayes, who has been buying PENDLE since last year, drawing parallels to the previous shilling of SOL.</p>
<p><strong>Analyzing the Market and FUD Factors</strong></p>
<p>Layergg also provides insights on BTC, highlighting the potential reemergence of FUD surrounding the $GBTC outflow, which could exceed $1 billion through the Genesis legal/bankruptcy process. However, he suggests that most of the $GBTC will be converted back to BTC for creditor repayment. Layergg sees this as an opportunity, where market influence from FUD could present a potential buying opportunity, reminiscent of last year’s October FTX $SOL liquidation situation.</p>
<p>You may also be interested in:</p>
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 <li><a href="https://captainaltcoin.com/why-is-arcblocks-abt-surging-how-much-would-1000-investment-in-the-token-be-worth-at-1-billion-market-cap/" target="_blank" rel="noopener noreferrer nofollow">Why Is Arcblock’s ABT Surging? How Much Would $1000 Investment in the Token Be Worth at $1 Billion Market Cap?</a></li>
 <li><a href="https://captainaltcoin.com/if-cardano-mirrors-the-2020-path-heres-when-ada-might-peak/" target="_blank" rel="noopener noreferrer nofollow">If Cardano Mirrors the 2020 Path, Here’s When ADA Might Peak</a></li>
 <li><a href="https://captainaltcoin.com/solana-sol-holder-moves-over-50-ethereum-eth-into-revolutionary-pushd-presale-which-is-now-still-only-0-08/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) Holder Moves Over 50 Ethereum (ETH) Into Revolutionary Pushd Presale Which Is Now Still Only $0.08</a></li>
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<p>The post <a href="https://captainaltcoin.com/crypto-analyst-shares-his-february-watchlist-including-jup-matic-and-these-altcoins/" rel="noopener noreferrer nofollow">Crypto Analyst Shares His February Watchlist Including JUP, MATIC, and These Altcoins</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Analyst Shares His February Watchlist Including JUP, MATIC, and These Altcoins

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