\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tFollowing a turbulent January where the majority of the market experienced heavy declines, we’ve handpicked some of the top cryptocurrencies of interest for this month\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
January turned out to be a devastating month for the cryptocurrency market, with its total capitalization plummeting to $2.7 trillion and losses of more than $350 billion.<\/p>\n
At the time of this writing, extreme fear has gripped the industry, with sentiment being at its lowest point in months. Bitcoin\u2019s price closed<\/a> a fourth consecutive monthly candle in red \u2013 something that hasn\u2019t happened since the bear market in 2018.<\/p>\n But as the popular investment saying goes, it\u2019s best to buy when there\u2019s blood on the streets. Now, there\u2019s no telling that the market will bounce and that the worst is behind us, but if you were looking for a discount, well, it\u2019s here.<\/p>\n That said, let\u2019s have a look at the top cryptocurrencies to put on your watchlist in February.<\/p>\n Hyperliquid is a decentralized exchange that allows users to trade perpetual futures (and spot) of both cryptocurrencies and traditional assets. The latter happens through a protocol upgrade, largely known as HIP-3 (HIP meaning Hyperliquid Improvement Proposal), which went live a couple of months ago, but it seems to be picking up a lot of speed.<\/p>\n The exchange\u2019s native cryptocurrency, HYPE, is up a whopping 25% in a month, while almost everything else is trading in the red. And when I say almost everything else, HYPE is one of the two coins of the top 20 by market cap that are up on the monthly chart.<\/p>\n It\u2019s true that Hyperliquid<\/a> has been in the spotlight for a while, but the protocol appears to be holding up well during periods of extreme market turmoil. HYPE\u2019s price is fueled in part by the constant buying pressure on behalf of the protocol\u2019s Assistance Fund, which automatically converts 99% of the fees generated by Hyperliquid into HYPE at prices from the open market. For reference, these fees haven\u2019t dropped below $2 million per day on many occasions during the past year, while, at the same time, they go parabolic during times of market volatility.<\/p>\n HYPE is one of the few protocols that are generating hundreds of millions in yearly revenue, and many in the industry view it as a product that has found a perfect market fit.<\/p>\n As I mentione din the beginning, BTC\u2019s price charted four consecutive negative monthly candle closes \u2013 something that we haven\u2019t seen in roughly eight years. That\u2019s a very long period in the crypto universe. Now, of course, past performance is never an indication of future returns, but it\u2019s something to think about.<\/p>\n Bitcoin\u2019s price is currently trading<\/a> below $80,000 \u2013 more than 40% from its all-time high.<\/p>\n But it\u2019s also true that the most recent drop wasn\u2019t entirely isolated to crypto. The rally in precious metals like gold and silver came to an abrupt halt, with gold plummeting<\/a> by more than 20% and silver by more than 50% off their values from just a few months ago.<\/p>\n That\u2019s not typical of traditional assets, even less so of gold, which is historically incredibly static in terms of price performance. Many analysts expect gold prices to recover, inevitably pulling silver with them, driven by geopolitical tensions and economic power plays by the US, EU, China, and others. If that happens, then perhaps crypto markets will also see a relief rally, with Bitcoin highly likely to take center stage as the leading asset. This inevitably brings us to\u2026<\/p>\n Cryptocurrencies like PAX Gold (PAXG) and Tether Gold (XAUT) are digital representations of an ounce of gold and backed by its physical equivalent. If the past months have taught us something it\u2019s that it\u2019s a wild market for precious metals.<\/p>\n Analysts are not writing off the rally, and many believe a bounce is coming. After all, not every week do we see a 20% decline in gold\u2019s price. In addition, the international landscape remains as uncertain as ever. The US is about to enact a new Chairman of their Federal Reserve, their relationship with what used to be their biggest partner in the face of the EU is questionable, the war in Ukraine goes on, there\u2019s tension in the Middle East, and Greenland\u2019s fate remains unknown following conversations in Davos.<\/p>\n While all of this should spell trouble for risk-on assets like stocks (and crypto), risk-off assets (like gold) should thrive. Those of you who are not keen on off-ramping can take a look at gold-backed cryptocurrencies as an alternative.<\/p>\nHyperliquid: Price Actually Goes\u2026 Up?<\/h2>\n
Bitcoin: Time for a Recovery?<\/h2>\n
GOLD-Backed Coins<\/h2>\n
\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n
![<\/a>Source: Quantify Crypto<\/figcaption><\/figure>\nIt\u2019s true that Hyperliquid<\/a> has been in the spotlight for a while, but the protocol appears to be holding up well during periods of extreme market turmoil. HYPE\u2019s price is fueled in part by the constant buying pressure on behalf of the protocol\u2019s Assistance Fund, which automatically converts 99% of the fees generated by Hyperliquid into HYPE at prices from the open market. For reference, these fees haven\u2019t dropped below $2 million per day on many occasions during the past year, while, at the same time, they go parabolic during times of market volatility.<\/p>\nHYPE is one of the few protocols that are generating hundreds of millions in yearly revenue, and many in the industry view it as a product that has found a perfect market fit.<\/p>\nBitcoin: Time for a Recovery?<\/h2>\nAs I mentione din the beginning, BTC\u2019s price charted four consecutive negative monthly candle closes \u2013 something that we haven\u2019t seen in roughly eight years. That\u2019s a very long period in the crypto universe. Now, of course, past performance is never an indication of future returns, but it\u2019s something to think about.<\/p>\nBitcoin\u2019s price is currently trading<\/a> below $80,000 \u2013 more than 40% from its all-time high.<\/p>\nBut it\u2019s also true that the most recent drop wasn\u2019t entirely isolated to crypto. The rally in precious metals like gold and silver came to an abrupt halt, with gold plummeting<\/a> by more than 20% and silver by more than 50% off their values from just a few months ago.<\/p>\nThat\u2019s not typical of traditional assets, even less so of gold, which is historically incredibly static in terms of price performance. Many analysts expect gold prices to recover, inevitably pulling silver with them, driven by geopolitical tensions and economic power plays by the US, EU, China, and others. If that happens, then perhaps crypto markets will also see a relief rally, with Bitcoin highly likely to take center stage as the leading asset. This inevitably brings us to\u2026<\/p>\nGOLD-Backed Coins<\/h2>\nCryptocurrencies like PAX Gold (PAXG) and Tether Gold (XAUT) are digital representations of an ounce of gold and backed by its physical equivalent. If the past months have taught us something it\u2019s that it\u2019s a wild market for precious metals.<\/p>\nAnalysts are not writing off the rally, and many believe a bounce is coming. After all, not every week do we see a 20% decline in gold\u2019s price. In addition, the international landscape remains as uncertain as ever. The US is about to enact a new Chairman of their Federal Reserve, their relationship with what used to be their biggest partner in the face of the EU is questionable, the war in Ukraine goes on, there\u2019s tension in the Middle East, and Greenland\u2019s fate remains unknown following conversations in Davos.<\/p>\nWhile all of this should spell trouble for risk-on assets like stocks (and crypto), risk-off assets (like gold) should thrive. Those of you who are not keen on off-ramping can take a look at gold-backed cryptocurrencies as an alternative.<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Following a turbulent January where the majority of the market experienced heavy declines, we’ve handpicked some of…\n","protected":false},"author":2,"featured_media":40751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-40750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/40750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40750"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/40750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/40751"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-02-at-15.39.43.png\"){kind=link}