Altcoins that will likely dominate trends in February: ZEN, INJ, and RDNT

The crypto market is about to end January, a historic month for the digital assets sector, considering the spot Bitcoin ETF approval. While the response didn’t meet expectations in the near term, experts predict optimistic effects in the upcoming sessions.

In that context, altcoins Horizen (ZEN), Injective (INJ), and Radiant Capital (RDNT) emerge as the top altcoins to consider in February.

Horizon (ZEN)

Horizen remains poised for notable price actions in February due to its up-and-coming developments. The project will launch ZEN 5.0.0 on the mainnet on 7 February 2024. While privacy-centered cryptocurrencies face backlash, Horizen will halt transactions containing shielded addresses.

Zen 5.0.0 Release & Hard Fork Dates:

Upgrade Alert!

Zen 5.0.0 is now available on GitHub and via Docker. Prepare for the Mainnet upgrade via Hard Fork at block #1502800 on February 7th, 2024, around 12:00 PM UTC. pic.twitter.com/IKwqSsCRMI

— NhuelCryp🟠 🪖 (@CrypNhuel) January 30, 2024

The United States and Europe introduced a procedure for delisting privacy tokens. ZEN team will make the crucial move on 7 February to reassure investors.

ZEN traded at $8.01 during this publication. The altcoin gained 5.13% over the past week. Breaking the present trend line would initiate a 45% uptick toward the value area of $12. However, the relaxing Relative Strength Index might trigger slumps. Amplified bear activity will see prices plunging towards the support at $5.8.

Injective (INJ)

Injective developers announced a new decentralized application (dApp) on the blockchain, underscoring their dedication to innovation. Projects that attract many participants intensify network activity, bolstering the asset’s price. The team can boost INJ’s price growth through bullish announcements.

.@Injective_ is altcoin to watch, as the team’s announcement of a new dApp could significantly boost network activity and token price.🏹 $INJ Coin is at a critical juncture within a symmetrical triangle pattern, with a breakout likely to set the direction for its price.📈 #INJ pic.twitter.com/wJWjZeIHiM

— Abdullah Fauzi nINJa 🥷 (@Abdullah7zr) January 31, 2024

INJ changed hands at $35.09 at press time. Meanwhile, it has hovered within a symmetrical triangle setup since 24 December 2023, and a breakout seems imminent. It has decisive price targets in all directions. Bullish movements will propel the token towards the hurdle at $43, whereas bearish dominance will see the crypto dipping to $28.

Meanwhile, Invezz.com’s analysis shows INJ’s price has fewer obstacles to the upside.

Radiant Capital (RDNT)

Radiant players that lock dLP on Arbitrum by 16 February will receive ARB tokens as rewards. That might trigger price upswings for RDNT in the upcoming month. The alt has risen alongside the climbing trend line since October.

Following RFP-25, eligible dLP lockers can now claim Arbitrum tokens below:https://t.co/4tW3QGTnea

502,204 ARB tokens will be distributed as part of the airdrop on Ethereum mainnet, aslo known as Starfleet Season 2.

Additional details 🧵👇https://t.co/Fq8ZaIsume

— Radiant Capital (@RDNTCapital) January 26, 2024

RDNT price wavers at $0.2889 and surpassing the nearest resistance at $0.29 will welcome $0.33 during February sessions. However, bearish persistence will catalyze dips toward the footing at $0.25.

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