February was filled with investor expectations, pointing out that the Fed meeting would shift to the focus of current policy earlier than expected, but the negative mood dissipated as inflation and employment data were hotter than expected. While it was good for the encryption market earlier this month, Bitcoin fell 60 per cent from a peak of $21500 to $25250 at the end of February.

Even so, some narrative-driven rebound has led to a rapid rise in the price of some alternative currencies. The main descriptions are bitcoin NFT, Ethernet liquidity betting derivatives (LSD) and new artificial intelligence (AI) projects.

Let's review the best-performing coins of the month.

Local variable (STX)

As the hot spot of numbering opened the prelude to numbering at the beginning of this month, Stack has gained a lot of attention. Gamma is a project based on local variables that facilitates the establishment of bitcoin numbers. However, all the functions in terms of investment and publishing forging numbers on local variables are still being designed.

In addition, Stack faces competition from other blockchains, and developers have worked hard to create bitcoin NFT trading in the Ethernet. On February 27th YUGA Labs, a leading NFT company, announced the release of 300 Bitcoin production and operating personal collections. Due to the lack of infrastructure for Bitcoin, the auction is likely to be held on the Ethernet. Therefore, with the development trend that local variables delay making ordinal more and more accessible, more liquid chains have used other solutions.

The fundamentals of the Stacks blockchain do not match the soaring prices, suggesting that full consideration of the growth potential of Stack may be purely foreign exchange speculation. In the short term, STX faces the risk of adjusting from the top of the trading range of STX/ US dollars and STX/BTC foreign exchange currencies. However, if customers can break through the friction resistance of $1.02, STX may take a shot in the history of $3.40.

Current collection (CFX)

On February 15, with the announcement of collaboration with China Telecom Network, the second largest telecom service company in China, the blockchain elite team won a significant improvement. The telecom giant also gives blockchain mobile SIM cards to more than 200 million users. The SIM card will store public and private keys and store transmissible user information by means of data encryption.

Over the years, Jiliu has gained the reputation of block chains of Chinese companies, including Oreo Biscuit China, KFC China and the equivalent of Chinese Instagram Little Red Book. With the approval of the Chinese government, blockchain also has a stable loan currency associated with rmb, which is encouraging to take full account of the government's harsh harm to the country's new policy.

The current collection network has launched the work unit proof and interest proof system to improve scalability and decentralization. The network handles 3000 to 6000 transactions per second, which is much faster than 15 TPS per second for Etherum.

Although Conflow has established strategic partnerships with leading Chinese brands, the thematic activities in the blockchain did not justify the 500 per cent price increase for CFX in February. Data show that the number of Conflow address information NFT created on this site is about the same as in previous months, with no obvious highest value.

This has caused anxiety about the sustainability of the hype that surrounds the blockchain. General strategic partnerships in the area of blockchain are often unsuccessful because of the lack of real-world integration.

The correct vertical rise of the CFX/ dollar was higher in October 2021 and suffered friction resistance of $0.34. The mental state levels of $0.20 and $0.10 will play a full role in the adjustment.

SSV Network (SSV)

SSV Network benefits from the trend of updating etheric Shanghai, which promotes the rise of LSD tokens. SSV Network, an infrastructure service provider, is likely to be able to provide future applications for the LSD platform that can help decentralize Ethernet networks.

This project is studying the idea of distributed system validator technology (DVT), which was first proposed by Etherum founder Vitalik Buterin in the Etherum 2.0 design. It allows relatively small storage and verifiers to apply the SSV network and operate ethernet authentication connection points, thereby improving the security permeability of the ethernet network.

On Jan. 19, the team announced a $50 million ecosystem stock fund to promote the development of the method. The Fund has received strong support from leading data encryption venture capitalists, including Digital currency Group, Coinbase Ventures, HashKey, NGC, Everstest, GSR and Seven X.

As the official advertiser of ETH Denver Hackathon 2023, this project has gained a lot of attention, and this project has brought a free fee to the technical team of development and design DVT. The SSV network shows great potential to be adopted by the LSD protocol, as the number of pile ethernets in Shanghai has increased after the upgrade.

Even so, much of the 160% increase in February may be due to a shift from crowded LSD OTP to another protocol, which is expected to benefit from an upgrade in downtown shanghai.

Technically, SSV Token is in the price discovery mode, setting an all-time high. As a result, OTP is likely to soar again, especially if leading LSD services platforms such as Lido or Rocket Pool announce converged SSV Network.

However, the dynamic password posted the $50 psychological barrier on February 27th, which may see some profit-taking from investors. The downside is that OTP is likely to find support around a high of $21 in 2022.

SingularityNET (AGIX)

SingularityNET benefits from the constant popularity of business related to artificial intelligence technology. The industry of the agreement invites customers to purchase artificial intelligence services based on their local digital currency AGIX. Since the beginning of 2023, the price of tokens has risen nearly 12-fold, from $0.045 to a peak of $.58.

SingularityNET's latest surge can be attributed to its strategic partnership with Cardano. At present, the protocol stays on Etherum and is used to take care of the most basic AI intelligent robot for digital image processing, text translation and data analysis. The transfer to Cardano provided a significant boost to the agreement as it gradually awarded ADA chip services to promote the blockchain technology highway bridge between the Ethernet and Cardano.

The reversal of the AGIX Token from an all-time high of $0.63 is likely to add friction to the duo. With the artificial intelligence technology hype dissipated, we do not rule out the probability of adjusting to the support line of $0.33 and $0.15. However, if customers well push the price above the pressure level of $0.63, AGIX may rise sharply.

Schema Protocol (GRT)

Similar to SingularityNET, GRAPH protocol also benefits from the improvement of artificial intelligence technology narrative. The search protocols in Etherum and IFPS are slowly moving to a separate layer 1 network. Mainly through the cooperation between sub-graph developers and decentralized APP development staff, sub-graph developers establish and store the easy-to-navigate database of the block chain, and scattered APP developers use this database to create goods.

According to a recent report by Messari, Graph's revenue in the fourth quarter of 2022 increased by 66 per cent compared with the previous quarter. The total number of sub-graphs in the network is increasing, and the revenue of network participants has increased by 12% compared with the same period last year.

If the network growth continues, GRT dynamic password has great potential to rise and develop. Technically, falling below $0.33 in July and $0.51 higher in 2022 are undoubtedly overall targets for the possibility of a double, with a support line of $0.10 in mental capacity and a daily opening price of $0.056 in 2023.