Juno Network and Anchor Protocol were two of the biggest crypto-gainers in February, as many tokens rebounded from a dreadful start to the year.
Cosmos ecosystem token Juno was up 138 per cent in February to $39.40, for the best performance of any top 300 coin. Stockhead has written about the smart contract platform twice so far.
It’s currently the No. 67 crypto with a market cap of US$1.75 billion and has also posted the biggest year-to-date gains of any top 300 coin, rising 325.8 per cent.
Bitgert and Anchor
A somewhat obscure cryptocurrency called Bitgert (BRISE) was the second-best gainer in February among top 300 coins, according to Cryptorank.
BRISE tokens were up 134.5 per cent in February to 0.0000676111c. Bitgert is the No. 187 crypto, Cryptorank says, although it’s unranked on Coingecko.
The project was formerly known as Bitrise. Apparently, it was previously a DeFi protocol on Binance Smart Chain but is now its own blockchain.
There isn’t a lot of detailed information on Bitgert on its website or its white paper, its developers appear to be anonymous, and there’s doesn’t appear to be a Github repository for the project — all potential red flags investors may wish to consider.
Anchor Protocol climbed 122.9 per cent during February to $3.48, although that’s still down considerably from its all-time high of $8.23 set in March 2021.
The No. 102 crypto, Anchor tokens is a DeFi savings protocol that offers 19.3 per cent APY on Terra USD stablecoin deposits.
The other biggest top 300 gainers were, in order, GensoKishi (up 120 per cent); Api3 (up 114 per cent); Smooth Love Potion (up 97 per cent); Keep Network (92.3 per cent); Waves (76 per cent); Bitfinex’s Unus Sed Leo token (up 73.8 per cent); and Terra (up 71.8 per cent).
Biggest losers
On the flip side, LooksRare, Moonbeam (GLMR) and Immutable X have been the biggest losers in February, falling 75.3, 58.1 and 44.3 per cent, respectively.
Ecomi, Spell Token, Olympus, Wonderland, Convex Finance and DeFi Kingdoms were all down between 38 and 30 per cent during the month, as was Tomb Shares, Aurora, Mineplex and Everscale.
Bitcoin rose 12.9 per cent during February while Ethereum gained 11.2 per cent.
Cardano, Polkadot and Dogecoin were the only top 10 coins (excluding stablecoins) to post a loss for the month, dropping 10.6, 2.3 and 7.5 per cent, respectively.