Why These Altcoins Are Gaining Attention Today - February 28

As February draws to a close, the cryptocurrency market is experiencing a downward trend. The global market capitalization has seen a significant decline, hitting its lowest point thus far in 2025.

In light of this volatility, specific altcoins are catching the eye of investors as they prepare for the changes March may bring.

Sui (SUI)

Sui, a Layer-1 (L1) cryptocurrency, is currently one of the most searched altcoins. Its value has dropped by 10% over the last 24 hours, now trading at $2.63—its lowest since November 2024.

The trading volume for SUI has also decreased significantly, totaling $1.12 billion, which represents a 15% drop in the last day. A simultaneous decrease in price and trading volume often indicates a weakening market interest and selling pressure, suggesting a lack of demand that could lead to further declines.

Continued price depreciation may see SUI sliding down to $2.10. If this support level fails, the price could further plummet to $1.57.

Conversely, should buying activity pick up, SUI may rise above $3, marking a potential recovery.

XRP (XRP)

XRP has emerged as a hot topic today as speculation swirls regarding the outcome of the ongoing Ripple case against the US Securities and Exchange Commission (SEC). Following the SEC's recent dismissal of cases against notable firms like Coinbase, hope grows that Ripple might also receive a favorable resolution.

Currently, XRP is trading at $2.05, reflecting a 9% dip in the past 24 hours and falling below the critical resistance level at $2.13.

If the sentiment shifts positively regarding Ripple's legal situation, XRP might rally towards $2.81. However, if negative trends continue, the price could decrease to $1.47.

Chainlink (LINK)

Chainlink, denoted as LINK, is another altcoin trending downwards, having declined by 11% in the past day to a trading price of $13.89.

Indicators reveal that LINK is currently facing a strong downtrend, with an Aroon Down line registering at 100%. This suggests that LINK may be experiencing sustained bearish momentum, having reached a four-month low.

If the downtrend continues, LINK could drop further towards $10. Conversely, if interest in the token surges, it could see a price increase up to approximately $15.81.

Sui, XRP, and Chainlink are indeed attracting investor attention as they navigate the challenges presented by the current market conditions. Each of these cryptocurrencies has potential for unique price movements, fundamentally influencing trader strategies as we move into March.