Without a doubt, February has been fantastic for many tokens. The market, in general, grew, and numerous investors got significant profits from their holdings in the month. For tokens like Solana and Ethereum, it was an even better month, hitting new highs in the month.
We analyze just how good these tokens were in the month and what could be ahead of them in March. We also look at DeeStream (DST), a new project that stood out in its presale during February. Find out all the information right here.
Solana (SOL) Rebounds in February
Off the back of a less-than-ideal January, Solana (SOL) entered February with modest expectations. While many expected it to recover from losses incurred in the first month of the year, few predicted Solana would perform as well as it did. Solana (SOL) still endured some lows but performed much better in the month.
Its peak for February was $116, according to CoinMarketCap. Impressively, Solana (SOL) maintained a consistent “≥ $100” for most of the month. It closes February some 16% higher than it entered , at $109.22 per unit.
Ethereum (ETH) is Among the Biggest Gainers in February
Ethereum (ETH) finds itself among the ranks of the best-performing tokens in the second month of the year. It gained significantly and had better profits than most other tokens in the market. It also significantly improved on gains from January in the new month.
ETH entered February at the $2,258 position, adding nearly half of that in the month. It has gained some 43% since the 31st of January, at the time of writing. At $3,252.93, Ethereum (ETH) increased its price by nearly $1,000 in February alone and looks set for an equally impressive March rally.
DeeStream (DST) Presale Impresses in February
Projects like DeeStream can’t be judged by movements in price because of the stage they are in. DeeStream (DST) is currently in presale, so prices tend to stay the same, and no observable differences can be detected or inferences are drawn from its price. However, we can analyze how it performs through other metrics.
Reach is one of these. Throughout the month, DeeStream featured in conversations in the crypto space and beyond as many people marveled over the project. DeeStream got people talking in February.
Conversion is another way of judging said projects: how well did reach transform into interest, and in this case, investment. For DST, this was also positive. Thousands of investors from tokens like Solana (SOL) and Ethereum (ETH) made the switch to buy DeeStream in sizable amounts.
DeeStream (DST) is still in presale and can be bought for just $0.04. This low price allows investors to get involved with the token for less than other cryptos and reap more rewards. Experts say that although other coins had good performances, DeeStream is the standout for February.
Find out more about the DeeStream (DST) presale by visiting the website here.
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