{"id":629399,"date":"2025-02-22T15:25:36","date_gmt":"2025-02-22T15:25:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=629399"},"modified":"2025-02-22T15:25:36","modified_gmt":"2025-02-22T15:25:36","slug":"6-best-altcoins-to-watch-today-february-22-ethena-toncoin-bnb-jupiter","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/6-best-altcoins-to-watch-today-february-22-ethena-toncoin-bnb-jupiter","title":{"rendered":"6 Best Altcoins To Watch Today February 22 \u2013 Ethena, Toncoin, BNB, Jupiter"},"content":{"rendered":"

In a recent podcast, a renowned crypto analyst highlighted a select group of utility altcoins as the frontrunners for the final phase of the current bull cycle. According to the expert, the market is currently experiencing a bear trap — a familiar pattern in cryptocurrency bull runs where prices briefly pull back before surging to new highs. <\/span><\/p>\n

Drawing on historical data, he explained how these pauses often pave the way for strong recoveries in the last stretch of the cycle. Interestingly, crypto is not the only asset class gaining momentum; tokens across other asset classes are also rallying, with cost-effective options catching investors’ attention. As momentum builds, this could be the perfect time to explore the b<\/span>est altcoins to watch today.<\/span><\/p>\n

6 Best Altcoins To Watch Today<\/b><\/h2>\n

Ethena (ENA) is currently valued at $0.4592, showing a 1.08% uptick. Toncoin (TON) is trading at $3.63, marking a 1.12% gain over the past 24 hours. Meanwhile, Jupiter (JUP), a decentralized exchange aggregator built on the Solana blockchain, continues to draw attention. The BNB Chain has introduced the Meme Liquidity Program, a $4.4 million initiative aimed at boosting support for meme tokens. <\/span><\/p>\n

In addition, the BTC Bull Token ($BTCBULL) has raised over $2.5 million in less than two weeks, emerging as one of the most talked-about presales of 2025. Avalanche is also poised to benefit from the increasing adoption of AI within blockchain ecosystems. In a significant development, <\/span>Coinbase<\/span><\/a> has announced that the SEC plans to drop its lawsuit against the exchange.<\/span><\/p>\n

1. Ethena (ENA)<\/b><\/h3>\n

Ethena (ENA) is currently trading at $0.4592, reflecting a 1.08% increase. The price is moving within an ascending channel, signaling bullish momentum. If it breaks above the upper trendline, gains could accelerate. However, a rejection at this level might cause a pullback toward support.<\/span><\/p>\n

Ethena is a synthetic dollar protocol built on Ethereum. It offers a crypto-native solution for money that does not depend on traditional banking infrastructure. Additionally, it introduces a globally accessible, dollar-denominated savings instrument known as the “Internet Bond.”<\/span><\/p>\n

\"ENA<\/p>\n

With a market cap of $1.42 billion, Ethena has experienced an 8.75% increase. Its 24-hour trading volume has surged by 260.47% to $564.35 million, highlighting growing investor interest. The fully diluted valuation (FDV) stands at $6.81 billion, while the volume-to-market cap ratio is 39.56%.<\/span><\/p>\n

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As an update: the $30m of unrealised PNL noted in the prior post has been reduced to $10m and we expect to have zero unrealised PNL exposure to Bybit within the next hour.<\/p>\n

There are currently $2.0b of liquid stablecoins in USDe backing which can be redeemed immediately if users… https:\/\/t.co\/ONbRIaewpw<\/a><\/p>\n

— Ethena Labs (@ethena_labs) February 21, 2025<\/a><\/p><\/blockquote>\n